not sure what any of this has to do with tariffs...
Tariffs, if used to protect a countries business products and services, are a good thing and helps everyone.
yes. I pretty much outlined the details why in graph form earlier too.
And all the Nazis who marched to support him agree with you that the serial criminal Stephen Yaxley Lennon should be free to assault another police officer, to commit fraud and breach the terms of his suspended sentence by committing exactly the same offence again.
And all the Nazis who marched to support him agree with you that the serial criminal Stephen Yaxley Lennon should be free to assault another police officer, to commit fraud and breach the terms of his suspended sentence by committing exactly the same offence again.
Not surprisingly, the Godwin's law is approaching this thread.
In December 2015, Godwin commented on the Nazi and fascist comparisons being made by several articles on Republican presidential candidate Donald Trump, saying: "If you're thoughtful about it and show some real awareness of history, go ahead and refer to Hitler when you talk about Trump. Or any other politician." On August 13, 2017, Godwin made similar remarks on social networking websites Facebook and Twitter with respect to the two previous days' Unite the Right rally in Charlottesville, Virginia, endorsing and encouraging efforts to compare its alt-right organizers to Nazis.
Still there are no winners in a trade war or a real war, just losers of different magnatude.
Yes, there are certainly losers, and the USA has been loosing at trade for the past 43 years consecutively... yes 43 years of a negative trade balance!
It would be interesting to find out where most of the money has been spend on. My guess is that most of the debt is caused by buying weapons.
oh, the 1920's you mean back when the USA had very little national debt, and when the was very profitable and people themselves were doing well in the USA...think they called those times the roaring twenties.
What bothers me isn't just this silly trade war, it's also the current situation of politics (right-wing, nationalist, populist). This resembles a period we had about 100 years ago. Hopefully we don't make the same mistakes again and repeat history.oh, the 1920's you mean back when the USA had very little national debt, and when the was very profitable and people themselves were doing well in the USA...think they called those times the roaring twenties. That would be such a mistake why would we cant prosperity!
AHHHH... i know ... it doesn't fit the left wing agenda. In order for the left wing to advance their agenda, they need to make the populace dependent on the government. people, not dependent on the government typically rejects left-wing ideologies.
on Tariffs in general, they serve a positive purpose.
Tarrifs help your country keeps its individual economy going, and seeks imports for items that are not practically produced inside their own borders, and exports those items that are impractical to produce in the countries they export to. in the case of the usa, post-WWII there was a need for the USA help prop up and rebuild the economies around the world, tariffs got in the way of that, but, now, those days are long gone. time for the USA to rebuild itself!
Another outcome of the lack of tariffs is it opens countries up to devastating their businesses where products and services can be produced in the country and then puts them at a national security risk in not being able to produce those products and services in a national crisis when trade abruptly breaks down between two countries.
I believe its a misconception that some people think any business needs to compete on the global market, well, no truly it does not. It is good if they can, and especially if it's not at the cost of devastating the industries globally.
It doesn't serve the interests of the business or country if the goods or services cannot be produced in the country, it does serve the ideology of a one world government structure by forcing a global economy and therefore making countries totally reliant on each other, and needing to bend to the will of global control or centralized control of that trade. we can see some of this with the WTO for example.
Some people call tariffs protectionism as if that's a bad thing.... its not a bad thing, its a damn good thing for all economies. by not having tariffs there is pressure to continually depress the value of peoples work, and the value of goods and services, and we are all being dragged down ... whats the point in that. oh I know, we're back to the left wing agenda again where a people dependent on government are open to left-wing ideologies....
This is exactly why I stopped replying political threads ...
The human race hasn't found a good way to keep every free thought happy yet, and such a way will never be found.
...
on Tariffs in general, they serve a positive purpose.
Tarrifs help your country keeps its individual economy going, and seeks imports for items that are not practically produced inside their own borders, and exports those items that are impractical to produce in the countries they export to. in the case of the usa, post-WWII there was a need for the USA help prop up and rebuild the economies around the world, tariffs got in the way of that, but, now, those days are long gone. time for the USA to rebuild itself!
Another outcome of the lack of tariffs is it opens countries up to devastating their businesses where products and services can be produced in the country and then puts them at a national security risk in not being able to produce those products and services in a national crisis when trade abruptly breaks down between two countries.
I believe its a misconception that some people think any business needs to compete on the global market, well, no truly it does not. It is good if they can, and especially if it's not at the cost of devastating the industries globally.
...
We dont know the future in 100 years, and yes political threads have tendency to freak out, but if i was a american citizen i would, before puking billion numbers on Trumps trade war etc, have a serious thought on where the 21 Trillion dollars went? (with a silent finger pointing at the general direction of the Pentagon) im happy in not a american citizen.
@hero999
OK I'll bite...
whats your formula for reversing the trade deficit the USA has been suffering with over the last 43+ years since the reduction or elimination of tariffs for goods and services coming into the USA.
In my view, the continual bleeding off countries net worth from trade deficit cannot be sustained forever, and as you can see in the graph on post #53.
....obviously, you don't believe tariffs I can respect that for sure...I do believe in tariffs as they worked well in the past.
So, what is the solution to the problem?
Make stuff which is worth more. IOW: educate the people and make them do higher qualified work. Judging from what I see on TV and read on news websites a large part of the population isn't participating efficiently in producing something which can be sold for a lot of money.
let's take China as an example.. because its a nice contrast that's easy to highlight.
ok, so how does one offer competing products those educated people produce when your competing country in the market has a lower standard of living for their citizens, they do not adhere to the same working standards and safety as your country, doesn't the same regulations for environmental protection as your country and manipulates their currency, all adding up to being able to produce goods and services cheaper then you can in your country. to compound the issue they take your countries business intellectual property for innovations within your country to produce them in their country without the R and D cost. Lastly, they manipulate their currency to make their goods cheaper on the world market.
Now they have an unfair advantage and they can import goods and services into your country far cheaper then they can be produced in your country, and even if you produced something on par price wise, their trade practices prevent you from marketing it within their borders, unless its an item they cant produce right away and can use it to then make more products to import into your country.
now what...
@hero999
OK I'll bite...
whats your formula for reversing the trade deficit the USA has been suffering with over the last 43+ years since the reduction or elimination of tariffs for goods and services coming into the USA.
In my view, the continual bleeding off countries net worth from trade deficit cannot be sustained forever, and as you can see in the graph on post #53.
....obviously, you don't believe tariffs I can respect that for sure...I do believe in tariffs as they worked well in the past.
So, what is the solution to the problem?
...
on Tariffs in general, they serve a positive purpose.
Tarrifs help your country keeps its individual economy going, and seeks imports for items that are not practically produced inside their own borders, and exports those items that are impractical to produce in the countries they export to. in the case of the usa, post-WWII there was a need for the USA help prop up and rebuild the economies around the world, tariffs got in the way of that, but, now, those days are long gone. time for the USA to rebuild itself!
Another outcome of the lack of tariffs is it opens countries up to devastating their businesses where products and services can be produced in the country and then puts them at a national security risk in not being able to produce those products and services in a national crisis when trade abruptly breaks down between two countries.
I believe its a misconception that some people think any business needs to compete on the global market, well, no truly it does not. It is good if they can, and especially if it's not at the cost of devastating the industries globally.
...
Tariff could actually may improve technology if used wisely.
Imagine if USA had heavy tariff on consumer electronics 20 years ago enough to keep consumer electronics manufacturing state-side, competition within the USA will drive development in manufacturing technology to drive down cost to compete within the USA as well as globally.
That may seem theoretical, but take a look at farming, automation greatly reduced production cost within the EU making farming still viable. EU tariff for agricultural products (pre-current trade war around the corner) average is around 30% and US tariff is around 10% [1]. Without that, EU's farming may long since moved to the Americas (USA, Brazil, Argentina, etc.) or elsewhere. Instead, EU's farming is still viable, EU's automation and robotics likely benefited [2] instead of becoming obsolete - and all these happens without the need of importing labor to do "jobs that Europeans wouldn't do."
Remember how the 1920's ended.