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I have the feeling that the whole trade war starts from a pile of nonsense.

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maginnovision:
I think there is more fake "hate propaganda" in the US than real. Look at how many things they take out of context to make it seem bad. "Illegal murderous gangs are animals":"illegals are animals" for instance.

technix:

--- Quote from: maginnovision on May 22, 2019, 09:12:14 pm ---I think there is more fake "hate propaganda" in the US than real. Look at how many things they take out of context to make it seem bad. "Illegal murderous gangs are animals":"illegals are animals" for instance.

--- End quote ---
This is post-factual sensational media for you. Social media does not usual require the source to maintain credibility, and the only metric of popularity of an opinion is the clicks it gains. This makes the whole climate of press to recess back to the time before newspapers invented the subscription model, when yellow journalism prevailed.

I believe most of us here speak with facts and data points in mind. If I tag a [citation needed] on a statement you made I believe you can start throwing data points and bibliography my way to prove it.

soldar:

--- Quote from: rstofer on May 22, 2019, 08:56:29 pm ---This isn't really a trade war, it is simply a tax increase.  We pay more for the same stuff.  The question is, what is the marginal utility of one more <whatever>?  Is it worth 25% more?  No?  Then don't buy it.  But if it is worth 25% more then life goes on and the .gov collects more taxes.

This little hiccup in the cost of goods is totally unimportant.  Walmart announced they would raise prices.  So?  It still comes back to marginal utility.  How bad do I want <whatever>?

--- End quote ---

My goodness! What kind of economic theory is that? This is the kind of thinking that lead to believe Mexico would pay for a wall.

Trump's massive new tariffs could end up costing America 146,000 jobs

Trump’s steel tariffs will cost 400,000 Americans jobs, a new estimate says

Aluminum Tariff Tradeoff: 300 Jobs for $690 Million in New Taxes

There must be a name for this kind of thinking. First we invade Poland. After that everything is the same except we now have Poland.

rstofer:
When you look at numbers from American media, you have to carefully look into who is talking and what they want out of it.  None of those numbers are realistic.  This tariff thing has been the topic of discussion all year and while the market isn't flying, it isn't falling much either.  In fact, last month we added 200,000 jobs, unemployment is at record lows, unemployment among minorities is also at record lows and the tax cuts were probably worth something.  It didn't benefit us personally but that's just a numbers game.  We fell into a lower rate structure but lost some deductions so it came out a wash.  Not so for anybody renting property, they didn't lose any deductions.  Nor did their landlord.

OTOH, the DJIA is up over 9% YTD and our retirement accounts are up a good deal more than that.  The S&P 500 is up over 32% during Trump's tenure and his policies have added 4 million new jobs.

Hint to trade negotiators:  Trump WILL be re-elected.  Waiting him out just delays things for another 4 years.

And even if we lost 140,000 jobs due to tariffs, we have added about 200,000 jobs every month since Trump was elected.  It'll all work out!  That's why the markets haven't tanked.  The markets know this is no big deal.

scuzzyTerminator:
The primary reason for US trade deficits is that the US export most in demand is US currency. When we buy goods from you, you are buying our dollars - the world's most valued reserve currency and accepted for goods around the world. Why would you waste them on US goods?

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