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Thread: Trade wars good, trade bad

  1. #1
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    Trade wars good, trade bad

    Sad world when China is a more reliable trading partner than the U.S. is. But that's where we are today.


    Dow Cringes as Xi Jinping Ominously Sparks Fears of Economic Cold War

    The trade war is forcing China to ‘rethink economic ties’ to the US



    "... trade wars are good, and easy to win."

    How's that working out for you, Trump?

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    Re: Trade wars good, trade bad

    Are huge trade deficits good or bad?

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    global liberation

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    Re: Trade wars good, trade bad

    Quote Originally Posted by Crystal View Post
    Are huge trade deficits good or bad?
    They're good. Buying raw materials and selling finished products is the better position. Selling one's raw products and buying finished products is bad.

    A trade deficit usually exists when a developing world country is selling raw material, with no added value, while purchasing finished Western goods. They sell a ton and buy little. It's bad for them and good for their trade partner.

    All developing countries are working on adding value to exports. Some form of processing, at least, to get more from their raw materials. With that will come the ability to process more at home and thus to become more of a developed country - buying raw and selling finished, thus trade deficits.

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    Re: Trade wars good, trade bad

    Quote Originally Posted by Crystal View Post
    Are huge trade deficits good or bad?

    They're neither bad nor good in and of themselves.

    Having robust trade is good.



    Having our trade policy set by someone who thinks cutting off trade with countries where we have a trade deficit would be a profit-making operation is proving itself to be very bad.

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    Re: Trade wars good, trade bad

    Quote Originally Posted by Amelia View Post
    They're neither bad nor good in and of themselves.

    Having robust trade is good.




    ?


    Having our trade policy set by someone who thinks cutting off trade with countries where we have a trade deficit would be a profit-making operation is proving itself to be very bad.




    So if we charge 10% tariffs and China charges 25% on our goods, that’s good

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    Re: Trade wars good, trade bad

    Quote Originally Posted by Crystal View Post
    So if we charge 10% tariffs and China charges 25% on our goods, that’s good
    Your question doesn't make sense to me. It seems like a straw man.

    Did China charge 25% tariffs on our goods before Trump charged 25% tariffs on theirs?

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    Re: Trade wars good, trade bad

    Quote Originally Posted by Crystal View Post
    Are huge trade deficits good or bad?
    Our trade deficits have increased since Trump became president
    Quote Originally Posted by Mycroft View Post
    I don't have any issue with any investigation.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Trade wars good, trade bad

    Our relationship with China was not ideal. Trump has made it worse. Meanwhile China is making deals with other countries to replace the deals it used to have with our producers.

    And Trump has been carrying on his trade wars on at least four fronts -- China, Canada, Mexico, Europe (and he started the trade war with Canada in spite of the fact that we had a trade surplus with them). Many other countries are fed up with Trump and will welcome the more stable opportunities they can find with China than they can find with Trump's chaotically explosive America.
    Last edited by Amelia; 05-22-19 at 05:23 PM.

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    Re: Trade wars good, trade bad

    Quote Originally Posted by sangha View Post
    Our trade deficits have increased since Trump became president
    That too.

    Some of this was from things out of Trump's control but some came from Trump's actions.

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