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it's been long gone, along with the group mind of his cult mob.
and still Pelosi dithers ...
Dang. Dude is seriously losing his mind.
it's been long gone, along with the group mind of his cult mob.
and still Pelosi dithers ...
Chris, who pays the tariffs?
BY JOSEPH E. STIGLITZ
FEBRUARY 17, 2017
TRUMP’S MOST CHILLING ECONOMIC LIE
A so-called trade war with China would be an absolute disaster for the United States and its citizens.
Donald Trump has threatened to upend the post-World War II geopolitical order.
What he finds most vexing about that order is the rise of China.
Today, China is the largest trading economy in the world.
In terms of purchasing-power parity, it
actually became the largest economy in the world in September 2015.
Like it or not,
there is simply nothing that Trump can do to change these facts.
What he can do is make America’s economic position worse—possibly far worse.
President Trump sees the world in transactional and zero-sum terms—
if something is good for China, it must be bad for the U.S
China’s government has far more control over the country’s economy than our government has over ours;
and it is moving from export dependence to a model of growth driven by domestic demand.
Any restriction on exports to the U.S. would simply accelerate a process already underway.
Moreover, China’s government has the resources (it’s still sitting on some $3 trillion of reserves) and instruments
to help any sector that has been shut out—and
in this respect, too, China is better placed than the U.S.
Trump seems to have suc bed to several fallacies in negotiations
Trump seems to think that by insulting your opponent, you will make your opponent feel weaker—and you yourself will do better.
He also seems to think that strutting like a pea and explaining how great you are will likewise make your opponent feel weaker—and, again, you yourself will do better.
https://www.vanityfair.com/news/2017..._term=VYF_Hive
Observer's of less Trash's business career say
his artless deal making was always about, not just doing a deal, but hurting the other side, making them lose, rather than a deal of mutual benefit.
Trash ain't gonna hurt China, but is hurting USA
Last edited by boutons_deux; 05-15-2019 at 01:39 PM.
It's such a small amount it won't affect China's trade policies at all!
Donald Trump is short-circuiting the electronics industry
The latest round of tariffs are a nightmare scenario for manufacturers
Previous rounds of tariffs had been marginal enough that companies could simply eat the difference,
but a 25 percent charge on marquee items like phones and laptops could be too much to bear.
Experts say companies will have little choice to raise prices in response, adding hundreds of dollars to price tags.
“Certainly for compe ively priced products like PCs, there will be price increases, particularly in the short run,” says Brad Setser, a senior fellow at the Council on Foreign Relations.
“It’s likely to be a fairly considerable shock to consumer prices.”
That shock could add up to hundreds of dollars for consumers. On Tuesday JPMorgan estimated that,
for Apple, countering the cost of the tariffs would mean raising the price of the iPhone XS from $1,000 to $1,142,
More price-conscious companies like Lenovo and HP would have fewer options.
Versions of this price hike have already happened in other industries that were hit by earlier rounds of tariffs.
The price of a washing machine has risen an average of $86 as a result of the tariffs announced in September, according to one study,
while luggage prices rose 5 to 10 percent.
The total price tag for US consumers since November could be as high as $18 billion.
“It’s not a one-year process,” says Setser. “It’s a five-year process. And it’s expensive. But a 25 percent tariff incentivizes that kind of investment.”
Because the process is so slow, that shift away from China-based manufacturing is likely to stay in place even if the tariffs are repealed.
In effect, supply chain managers will be betting about the trade rules likely to be in place five years from now, which still look risky.
“The safe forecast is that there’s going to be a lot more uncertainty,” says Setser
“Even if the tariffs come off, it seems optimistic to assume that the friction between the US and China is going to permanently be put to bed.”
There are long-term costs of shifting away from China, too. A dense, localized network of suppliers and manufacturers makes the gadget business much easier.
if you’re a hardware company that isn’t Apple or Samsung, the next few years just got a lot tougher.
https://www.theverge.com/2019/5/15/18624690/trump-import-tax-tariff-laptop-smartphone-manufacturers
sicko Trash's macho man trade war hurts ONLY America. China is doing great, 6% GDP growth in 2018, and will keeping doing great.
Trash is a ing loser
This what all you rednecks, bubbas, Bible humpers, gun fellators, MAGAtts voted for, right?
Tariffs on Chinese goods are long overdue.
Like shoes?
So who pays the tarriffs, Chris?
I'm sure the bankrupt patriot farmers are happy.
I'm also sure the administration's determination as to who who gets waivers is being determined solely on a complex algorithm of campaign donations, and whether the company is from a state that votes reliably Republican.
Well, the corrupt foreigners are happy....
The Trump administration has forked over more than $62 million — taxpayer cash that was supposed to be earmarked for struggling American farmers — to a massive meatpacking company owned by a couple of corrupt Brazilian brothers.
The Department of Agriculture cut a contract in January to purchase $22.3 million worth of pork from plants operated by JBS USA, a Colorado-based subsidiary of Brazil’s JBS SA, which ranks as the largest meatpacker in the world.
The bailout raised eyebrows from industry insiders at the time, as it was sourced from a $12 billion program meant for American farmers harmed by President Trump’s escalating trade war with China and other countries.
But previously undisclosed purchase reports obtained by the Daily News this week reveal the administration has since issued at least two more bailouts to JBS, even as Trump’s own Justice Department began investigating the meatpacker, whose owners are Joesley and Wesley Batista — two wealthy brothers who have confessed to bribing hundreds of top officials in Brazil.
Both brothers have spent time in jail over the sweeping corruption scandal.
https://www.nydailynews.com/news/pol...54y-story.html
rubes
The narrative that the china tariffs are responsible for low worldwide agricultural commodity prices is ing ridiculous, but typical of TDS. Soybean prices were going down long before the tariffs. It's always been about supply and demand.
Last edited by CosmicCowboy; 05-16-2019 at 11:33 AM.
which posters in this thread are guilty of running that narrative?
Is there more or less demand when markets are closed off to sellers?
Worldwide demand is exactly the same and soybeans are a worldwide commodity.
No one is saying that. Demand for US soybeans is definitely down.
Your TDS is really making you say some stupid these days.
Why did the price go down then?
The US will export more soybeans this year than they did last year.
https://www.usda.gov/oce/commodity/wasde/wasde0519.pdf
Primary reason is that Brazil had a huge crop. Brazil burning rain forests to turn into cropland has been the biggest factor in soybean prices over the last 20 years.
Are you pointing the finger, CC, or just strawmanning it up, as usual?
Its' a narrative that tariffs are causing farmers to go bankrupt as just expressed by RG..
They had a huge crop last month?
From the USDA link I provided previously:
Brazil’s soybean production is projected at a record 123.0 million tons, up 6.0 million on higher area and trend yield.
But overall production is down according to the link you provided previously.
Global soybean production is forecast at 355.7 million tons, down 6.4 million
Wouldn't that mean the price would go up, not down? I guess it went up a bit after this report, but that completely contradicts your point.
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