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Thread: House Votes to Impose Tariffs on Chinese Goods

  1. #41
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    Re: House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by tlmorg02 View Post
    Actually, all foreign treaties are purview of the Senate. However for decades the Senate has gave the President "fast-track" powers in order to pass the buck and skirt any responsibility for free-trade agreements with constituents.
    Well, yeah, but I was trying to be funny..

    Tim-
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    Re: House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by Hicup View Post
    Well, yeah, but I was trying to be funny..

    Tim-
    Oh, sorry about that then.

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    Re: House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by tlmorg02 View Post
    Oh, sorry about that then.
    No, no, you were right to point it out, but you missed the smiley..

    Tim-
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    Re: House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by jamesrage View Post
    Employing Chinese workers or employing American workers just so your company can have steel? I think I will choose American workers.
    So you're telling me that it makes sense to, take a job away from one person (probably will be more than that), just so another can have it because they use Chinese made materials for some of their operation?

    That sounds crazy counter productive.

    Quote Originally Posted by jamesrage View Post
    You are telling me that your company can not buy recycled steel or add another metal to it in order to stretch it out or make it a lesser quality of steel?
    My company sells it's scrap steel, what happens to it after that is any ones guess.
    The point is that the Chinese make cheaper steel which makes it possible for us to sell our good at a lower price.
    It could happen that if we used American produced steel, that no one will want what we sell or that production will be cut down because of costs.

    I saw a story that kinda pushes some of my point.
    I did some extra research on it too, for comparison.

    These union turds decided that, instead of taking a pay cut which represents the market norm, they would rather have their production facility close.
    Now I do something very similar to them, metal fabrication but I do not make anywhere close to $29 an hour, even though the cost of living where they are is less, than here.

    These types are part of the problem and we'll have to pay even higher prices for stuff simply to keep these turds employed.

    Union rejects concessions at GM plant in Indianapolis | detnews.com | The Detroit News
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    Re: House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by Harry Guerrilla View Post
    So you're telling me that it makes sense to, take a job away from one person (probably will be more than that), just so another can have it because they use Chinese made materials for some of their operation?

    That sounds crazy counter productive.



    My company sells it's scrap steel, what happens to it after that is any ones guess.
    The point is that the Chinese make cheaper steel which makes it possible for us to sell our good at a lower price.
    It could happen that if we used American produced steel, that no one will want what we sell or that production will be cut down because of costs.

    I saw a story that kinda pushes some of my point.
    I did some extra research on it too, for comparison.

    These union turds decided that, instead of taking a pay cut which represents the market norm, they would rather have their production facility close.
    Now I do something very similar to them, metal fabrication but I do not make anywhere close to $29 an hour, even though the cost of living where they are is less, than here.

    These types are part of the problem and we'll have to pay even higher prices for stuff simply to keep these turds employed.

    Union rejects concessions at GM plant in Indianapolis | detnews.com | The Detroit News
    Yes, of course we'll have to pay higher prices. There is added complexity. America has a lot of labor and environmental laws. You have to pay for that. Why do you think stuff from China is so cheap? They ain't got that regulation. But if you're worried about fair wages or the environment, you'd never buy anything from China. You'd take the cost increase and support places and governments which have and enforce labor and environmental laws. It costs money, and it's not something you can get from China.
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    Re: House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by drz-400 View Post
    Hopefully this is just a strategic move, to try and get china to stop manipulating their currency. Otherwise this is a very bad idea.
    That's exactly what the situation is here. I came across two articles on this yesterday from Al Jazeera.net:

    U.S. House passes China yuan bill

    "China's persistent manipulation of its currency contributes to the outsourcing of American jobs and poses a very serious problem that requires real action," said Sander Levin, the chairman of the House Ways and Means Committee.
    And...

    US cautioned over China trade bill

    The bill, passed by 348 to 79 on Wednesday, allows the US commerce department to treat "fundamentally undervalued currencies" as an illegal export subsidy so that US companies can request a countervailing duty to offset China's price advantage.
    My overriding concern is we'd better be careful in how we deal with China since they are the ones who have purchased the highest volume of our Treasure Bills since the economic crisis began. If we're not careful, we could see some blowback from this move.



    Quote Originally Posted by jamesrage View Post
    If the tariffs are high enough it will encourage manufacturers to move to the US thus creating more jobs. Are trying to argue that no one made anything in the US before companies found it easy to outsource left and right to china, India and other countries? Are you trying to say that we always imported **** from China in huge quantities?



    If there are very few jobs and many Americans on are welfare, food stamps, section 8 housing and so on then the last thing Americans need to be doing is spending money on luxuries and other non-essential goods.
    Quote Originally Posted by Jetboogieman View Post
    It'd have to be one hell of a tariff. And don't forget... there's Vietnam, Malaysia, Central America.

    I think there's something we need to get a grasp of. Manufacturing, is no longer a viable western country job. More and more, except in highly skilled, specialized manufacturing, that requires highly advanced machinery and the highly qualified people to operate it, manufacturing simply is no longer a viable industry in 1st world countries anymore.
    Quote Originally Posted by rathi View Post
    China should be pressured to stop currency manipulation, but blanket tariffs are a bad idea. Hopefully, this gives Obama better leverage when negotiating, but isn't actually ever used. Trade sanctions often resemble nukes in this fashion.
    Quote Originally Posted by Councilman View Post
    Wonderful, what a truly bad idea at this time to raise prices for consumers when we are in the worst recession in resent memory. {Referring to the cost of tarrifs being passed on to U.S. consumers} Good job dumb asses.

    What's next this is realy a stupid move. When there are very few jobs and more people on food stamps then any time in History is no time to punish consumers with higher priced products and claim you're doing something good.
    I can see both to this issue, but unlike what occurred after the Depression where impossing new tariffs across the board on most if not all foriegn imports, I think the issue here is China's manipulation of its currency in an effort to purposely gain a higher margin in the global marketplace ahead of the U.S. dollar. Still, we have to be careful in how we handle this. China still owns alot of our debt, and if we're not careful we could certainly make our economic problems worse. Still, if such a move enables U.S. manufacturing jobs to return to the U.S., I see that as a very good thing considering foreign imports have far exceeded U.S. exports since 1977. We've made money in the global economy not by the manufacturing of goods in America, but by hedging our bets on investments. And as we've come to learn that's not always a good thing.

    Quote Originally Posted by obvious Child View Post
    Knowing how dumb some people here are, they won't get it. I can explain how to actually get the Yuan to rise and get Beijing to stop monkeying around, but it's a bit complex. But I'll say this, Beijing would love to stop manipulating its currency.
    I'd be interested in hearing your point of view on the matter. Drop me a PM if you please.
    Last edited by Objective Voice; 10-01-10 at 02:40 PM. Reason: Combined posts

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    Re: House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by Ikari View Post
    Yes, of course we'll have to pay higher prices. There is added complexity. America has a lot of labor and environmental laws. You have to pay for that. Why do you think stuff from China is so cheap? They ain't got that regulation. But if you're worried about fair wages or the environment, you'd never buy anything from China. You'd take the cost increase and support places and governments which have and enforce labor and environmental laws. It costs money, and it's not something you can get from China.
    Most of savings comes from the lower cost of living in China.

    Let's pretend for a moment that we really jack up the tariffs coming in from China.
    Then they block all U.S. imports to their country, we'd be royally ****ed.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by Ikari View Post
    Yes, of course we'll have to pay higher prices. There is added complexity. America has a lot of labor and environmental laws. You have to pay for that. Why do you think stuff from China is so cheap? They ain't got that regulation. But if you're worried about fair wages or the environment, you'd never buy anything from China. You'd take the cost increase and support places and governments which have and enforce labor and environmental laws. It costs money, and it's not something you can get from China.
    Amazing how these little details are often ignored. China doesn't pay their workers decent wages, nor does china have to worry about environmental laws. If there is any truth to this website its amazing the US actually has any manufacturing companies left.

    Nike production facts
    Chinese workers make $1.75 a day
    There is no minimum wage in China and when abuses are discovered, the whole factory disappears. "The supervisors will get nervous and move the work to another province. It's impossible to monitor factory conditions," says Asia Monitor Resource Center in Hong Kong.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

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    Re: House Votes to Impose Tariffs on Chinese Goods

    I think all of these things will eventually become mute. As the cost of production increases in these outsourced nations, it will become more expensive than it is worth to ship products around the world. I forsee a time when every nation will be best served by producing goods that their nation consumes in their own country. This will be true in China as well as India, as each nation has an ever rising consumer base.

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    Re: House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by Phantom View Post
    I think this bill is more about sending a message to China to start floating their currency than it is to actually raise tariffs on Chinese goods. Yes, the tariff bill passed in the house but the Senate won't vote on it until after the mid term election and even then it might not make it to the house floor because apparently there is a riff between some of the committees over whose jurisdiction this would fall under. And even if it did pass the Senate, there is an even stronger chance that Obama won't sign it.

    Our biggest imports from China are electronic goods. Apple's new Iphone was never assembled here in the US so to say a tariff would bring those jobs to the US is highly unlikely. Instead, Apple would just find another cheap source of labor somewhere else. But raising tariffs would have the effect of raising prices on electronic goods for US consumers and in turn they would probably not buy as many electronic goods as they have in the past and that would hurt US retail stores and businesses that depend on and/or sell Chinese goods.

    But since we have been borrowing to buy Chinese goods which has created a huge trade deficit, lowering our consumption of Chinese goods would have the effect of lowering the deficit as well. But all this would do nothing to bring jobs to the US and would probably only hurt the economy. Which is why I think this bill is more about sending a message to China and why I don't think Obama will actually sign the tariff bill into law.
    Last edited by Moot; 10-02-10 at 01:27 AM.

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