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China gets serious

late said:
Nixon is the gift that keeps on giving.

Not just China, but the Drug War is ripping a lot of Central and Southern America apart. We created what the refugees flee.
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Lets start blaming others before we arrive at laying the blame at Trump.
 
late said:
Smoot-Hawley and the Great Depression.
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Tariffs were already high depending on the products. Our duties have been very low recently.
 
OlNate said:
You have trade wars, or threats of trade wars, with pretty much all your top trading partners, all of whom aren't immediately folding to the red, white, and blue, but rather are actively swinging back. You don't think that's wreckage? If America were a company, the board of directors would have canned this idiot instantly.
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You mean they're upset that the honeymoon is over?
 
American said:
Tariffs were already high depending on the products. Our duties have been very low recently.
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That's not a counterargument.

There are European car companies making cars across the South, a lot of them get shipped abroad. The world is hugely interconnected, starting a trade war now is a lot like throwing a Molotov cocktail at an orgy.
 
late said:
That's not a counterargument.

There are European car companies making cars across the South, a lot of them get shipped abroad. The world is hugely interconnected, starting a trade war now is a lot like throwing a Molotov cocktail at an orgy.
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:doh .
 
American said:
You mean they're upset that the honeymoon is over?
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Nah, they just don't feel like dealing with an asshole. We're all just waiting for you guys to regain a little class in your leadership, global economics is a long game, and there will be life after Trump....hopefully sooner than later, but at most 8 years... :shrug: Thank goodness for American term limits. ;)
 
Fletch said:
And what would that be? Other administrations have tried to get China to engage in fair trade and they have refused.
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And they're still refusing, but the difference is now there's consequences.
Exerting your will only works when you intimidate your adversary. Otherwise, you fight or you negotiate. We'll have to wait to see how the 'fight' option works out for the US.
 
OlNate said:
I'm not against fixing the problem...I'm just saying that Trump's approach won't do it, and, in fact, will make things worse. If the headlines aren't convincing you of that, I'm not sure what to say. It's not too hard to look down the path Trump is taking you and realize that you're facing something a little more substantial than "short term pain".

Normally I'd agree with you about things not being as dire as they seem...but this is Trump and his ego. You can't count on cool heads at this point, so anything is possible.
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While Trump has barked a lot not sure we have seen any material adverse actions. The steel and aluminum tariffs may have been unfortunate but won't cause serious damage to us or the Canadians IMO.
 
washunut said:
While Trump has barked a lot not sure we have seen any material adverse actions. The steel and aluminum tariffs may have been unfortunate but won't cause serious damage to us or the Canadians IMO.
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To Canada, no...we'll either find somewhere else to do business, or we'll build surcharges into our prices, and pass the tariffs right back to American businesses, who will then pass them onto their customers. Where America lands...guess we'll see.
 
Fletch said:
So we should let China do what it wants to us then. Good strategy
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I don’t know. But the “we can’t figure out how to make things better so let’s make it worse” strategy doesn’t seem like a smart play.
 
OlNate said:
Good grief, do you seriously think that is what the world is doing? Is your need to put Trump on a pedestal that desperate?

The only common denominator impacting things negatively on the global economy stage is Donald Trump. The rest of us get along just fine, and we got along fine with pretty much every previous administration. Your boy is the problem, end of story.
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I think that's what YOU are doing. I think you are projecting yourself onto the world.
 
Mycroft said:
I think that's what YOU are doing. I think you are projecting yourself onto the world.
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I like reading foreign press, been doing it since the 60s. Excluding Putin, who has Trump in his pocket, the world sees Trump as a problem, more of a nightmare, really.
 
Skeptic Bob said:
I don’t know. But the “we can’t figure out how to make things better so let’s make it worse” strategy doesn’t seem like a smart play.
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Donald Trump governs like a 13 year old girl having a hissy fit. The ability to think one move ahead and/or see more than one thing at a time? Not abilities Trump possesses.
 
late said:
I like reading foreign press, been doing it since the 60s. Excluding Putin, who has Trump in his pocket, the world sees Trump as a problem, more of a nightmare, really.
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As they should.

The days of the US being the world's piggy bank are over.
 
Originally Posted by late
I like reading foreign press, been doing it since the 60s. Excluding Putin, who has Trump in his pocket, the world sees Trump as a problem, more of a nightmare, really.
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Mycroft said:
As they should.

The days of the US being the world's piggy bank are over.
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Under Trump the day's of the USA being the worlds leader are ending.
 
StuPedaso said:
Under Trump the day's of the USA being the worlds leader are ending.
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We aren't anyone's "leader" if all they want is our money. That makes us the world's sucker.
 
Mycroft said:
We aren't anyone's "leader" if all they want is our money. That makes us the world's sucker.
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We are - well the dollar is, for now, the worlds exchange currency. EVERYBODY want's OUR money, people horde OUR money, WE enjoy unrivaled advantages because of our MONEY. Trump keeps pissing off our allies … that could all change.

And then we'll have a hell of a lot more to worry about than Harley Davidson.
 
StuPedaso said:
We are - well the dollar is, for now, the worlds exchange currency. EVERYBODY want's OUR money, people horde OUR money, WE enjoy unrivaled advantages because of our MONEY. Trump keeps pissing off our allies … that could all change.

And then we'll have a hell of a lot more to worry about than Harley Davidson.
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If we still maintain 3+% GDP...and there is nothing to stop that right now...they will keep on wanting our money.

Our "allies" will eventually learn that it's better to be pissed off than pissed on.

But I don't consider other country's desire for our money something that makes us a "leader". It just means we are in a better economic position. Those other countries don't HAVE to do what we say...and we don't have to deal with them. But...if they want our money, and they do, then they have to make a choice.
 
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late said:
" Should the US now impose tariffs on imports of another 200 billion, China will extend the conflict to other fields,” quoting Mao Zedong’s dictum, “You fight your war your way, and I will fight mine my way.”...

But in the US, the financial sector plays a much bigger role than in China. In that sense, the US is vulnerable here, so of course, that’s an option.” Der Spiegel asked, “Wouldn’t China hurt itself if it sold its dollar reserves?...

“In good times, our way of competing is to try to grow faster than the US. But when times get bad, it’s about who loses the most. That would be a financial war – and what such a financial war between the two largest economies looks like is probably beyond our imagination.”

A tragedy in the making as the US confronts China | Asia Times

China doesn't want to go there. But if Trump keeps acting like an evil Forest Gump, they will eventually dump dollars. The economy then goes to hell.
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I keep wondering why China is being so patient. They have so much more weight to pull than Trump.
 
Mycroft said:
If we still maintain 3+% GDP...and there is nothing to stop that right now...
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Just Donald and he's doing his best.

Mycroft said:
Our "allies" will eventually learn that it's better to be pissed off than pissed on.

They are pissed off BECAUSE they are tired of being pissed on by the president of OUR Country.

Mycroft said:
But I don't consider other country's desire for our money something that makes us a "leader". It just means we are in a better economic position.
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You really don't understand world finances … do you?

Mycroft said:
Those other countries don't HAVE to do what we say...
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The sure don't and are now to themselves and not the US for leadership … because of president pushy … and that's NOT a good thing.

Mycroft said:
and we don't have to deal with them. But...if they want our money, and they do, then they have to make a choice.
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The choice they may make is to quite honoring our dollar as the worlds exchange currency … that would be catastrophic for us.

The arrogance displayed in this and all of your posts is a mirror of president Make America disdained … for the first time ever's … arrogance. It's THE problem not a solution.
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