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Thread: House Votes to Impose Tariffs on Chinese Goods

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    John Schnatter 2012 Phantom's Avatar
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    House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by New York Times
    WASHINGTON — The House of Representatives sent an unusually confrontational signal to the Chinese leadership on Wednesday, voting overwhelmingly to give the Obama administration expanded authority to impose tariffs on virtually all Chinese imports to the United States.
    Full Report: http://www.nytimes.com/2010/09/30/bu...0currency.html
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    Re: House Votes to Impose Tariffs on Chinese Goods

    Something I can support Obama on.
    "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"

    Cicero Marcus Tullius

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    Re: House Votes to Impose Tariffs on Chinese Goods

    excellent.....

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    John Schnatter 2012 Phantom's Avatar
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    Re: House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by jamesrage View Post
    Something I can support Obama on.
    Same here.
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    Re: House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by Phantom View Post
    Great, another reason why reactionary populism is bad.
    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.
    —Adam Shepard

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    Professor

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    Re: House Votes to Impose Tariffs on Chinese Goods

    Hopefully this is just a strategic move, to try and get china to stop manipulating their currency. Otherwise this is a very bad idea.

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    Count Smackula
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    Re: House Votes to Impose Tariffs on Chinese Goods

    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.

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    Re: House Votes to Impose Tariffs on Chinese Goods

    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.
    But that won't happen anytime soon. The only real way for China to stop currency manipulation is for US-China decoupling. That's not going to happen.

    The House just committed a real blunder here. We need China's debt support more than they need our markets. Obama's going to sign this crackpot bill if it gets to him and he'll be doing America a rather large disservice.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by obvious Child View Post
    But that won't happen anytime soon. The only real way for China to stop currency manipulation is for US-China decoupling. That's not going to happen.

    The House just committed a real blunder here. We need China's debt support more than they need our markets. Obama's going to sign this crackpot bill if it gets to him and he'll be doing America a rather large disservice.
    On the plus side, if it does turn into a trade war, at least some people will get educated about how bad tariffs are.
    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.
    —Adam Shepard

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    Re: House Votes to Impose Tariffs on Chinese Goods

    Quote Originally Posted by Harry Guerrilla View Post
    On the plus side, if it does turn into a trade war, at least some people will get educated about how bad tariffs are.
    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.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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