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Thread: US penalizes Chinese tires, infuriating Beijing

  1. #21
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    Re: US penalizes Chinese tires, infuriating Beijing

    ^^But having an economy that, you know, produces things, would be good.

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    Re: US penalizes Chinese tires, infuriating Beijing

    The real question is China dumping?
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    Re: US penalizes Chinese tires, infuriating Beijing

    You say "dumping" as if it's a bad thing.


    Quote Originally Posted by phattonez View Post
    ^^But having an economy that, you know, produces things, would be good.
    USA has the strongest service sector in the world: science, engineering, software, entertainment, business, banking, etc. That's what's most desirable. Some parts of the world specialize in thinking, others in sweating - for now.
    Last edited by Alex Libman; 09-12-09 at 09:56 PM.

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    Re: US penalizes Chinese tires, infuriating Beijing

    Quote Originally Posted by phattonez View Post
    ^^But having an economy that, you know, produces things, would be good.
    What's wrong with service-based economies?
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    Re: US penalizes Chinese tires, infuriating Beijing

    Quote Originally Posted by Kandahar View Post
    What's wrong with service-based economies?
    All manufacturing jobs pay $29.50/hr doing good hard American work at the plant, while all service jobs are $5.75/hr mopping up at McDonalds.

    Didn't you get the memo?
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    Re: US penalizes Chinese tires, infuriating Beijing

    It is inherently impossible to make a move (or not make a move) which isn't bound to make a large number of people angry at some point or time in this day and age. Things are too integrated.

    All manufacturing jobs pay $29.50/hr doing good hard American work at the plant, while all service jobs are $5.75/hr mopping up at McDonalds.

    Didn't you get the memo?
    ... true, but McDonalds is (1) a low-end example and (2) low prices on manufactured goods compensate somewhat for the reduced incomes. The consumer has to pay for that $30.00; you can buy a cast-iron spatula and frying pan from China for $40-50 -- an American counter-part would cost $100-200. There is nothing intrisinically wrong with a service-based economy; it comes with its own set of resident advantages and disadvantages.
    Last edited by Morality Games; 09-13-09 at 12:06 AM.

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    Arrow Re: US penalizes Chinese tires, infuriating Beijing

    Have the steel tariffs imposed by Bush been forgotten already?

    The WSJ weighs in:
    Obama’s Trade Test
    The President faces his steel tariff moment.

    [...]

    As Mr. Obama faces his moment of truth on tires, he ought to look at a report issued last week by Rutgers economist Thomas J. Prusa examining how the ITC’s proposed tariffs would ripple through the U.S. economy. Mr. Prusa calculates that each job “saved” by the ITC’s tariffs would come at the cost of at least 12 jobs lost, and possibly more than 25. Most tire-related employment in America consists of the people who distribute and install tires, not people who produce them. By depressing tire sales, a tariff would jeopardize those jobs.

    And depress sales the tariff almost certainly would, at least in the first 12 to 18 months. U.S. tire factories have shifted over the years to higher-grade tire manufacturing. Chinese imports come at the lower end of the price spectrum. Mr. Prusa notes that these American producers have little interest in, or capacity for, making substitutes for the Chinese imports. A tariff-induced price rise—amounting to between $300 million and $600 million economy-wide—would mainly hurt low-income American drivers. The tariffs would likely encourage those drivers to delay buying new tires as long as possible.

    [...]

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    Re: US penalizes Chinese tires, infuriating Beijing

    All the Chinese have to do to get this tarrif lifted is stop making tires from the foreskins of Tibeitian monks.

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    Re: US penalizes Chinese tires, infuriating Beijing

    Quote Originally Posted by RightinNYC View Post
    All manufacturing jobs pay $29.50/hr doing good hard American work at the plant, while all service jobs are $5.75/hr mopping up at McDonalds.
    Some jobs aren't worth $5.75/hr, and manufacturing jobs most definitely aren't worth $29.50/hr - it's all result of violence and theft by the government demagogues.

    And the service sector is anything that's not agriculture, extraction of raw materials (ex. mining), fishing, and manufacturing - which includes the most valuable types of human activity.


    Quote Originally Posted by JW Frogen View Post
    All the Chinese have to do to get this tarrif lifted is stop making tires from the foreskins of Tibeitian monks.
    Circumcision is not prevalent in East Asia (except South Korea).

    And the Tibet issue is not so black-n-white. I do support all secession movements (local government is slightly less evil than distant one, and inter-governmental competition is a sure path to greater liberty), but you'd be replacing pragmatic state capitalism of China with an economically-backward theocracy... Something to think about...
    Last edited by Alex Libman; 09-13-09 at 01:04 AM.

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    Re: US penalizes Chinese tires, infuriating Beijing

    Quote Originally Posted by Alex Libman View Post
    Circumcision is not prevalent in East Asia (except South Korea).

    And the Tibet issue is not so black-n-white. I do support all secession movements (local government is slightly less evil than distant one, and inter-governmental competition is a sure path to greater liberty), but you'd be replacing pragmatic state capitalism of China with an economically-backward theocracy... Something to think about...
    Never mind Frogen. He's drunk.

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