Trump's Trade Follicy

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Re: Trump's Trade Follicy

#2151

Post by MN-Skeptic » Thu Aug 08, 2019 9:29 pm

It's not only the complexity of creating a product.

It's the very international scope of modern American business that many people don't realize. Trump certainly doesn't get it. It's not unusual of a U.S. corporation to have international subsidiaries, to be making products abroad for selling just over there or to also bring to the U.S. 100 years ago companies expanded throughout the U.S., moving from one state to many states. Now they expand internationally.

Trump thinks that weakening the dollar would be a good thing because it would make American products cheaper to sell internationally. But a weak dollar also increases the cost of components bought internationally. It's like a tariff in that it will increase the costs of making a product in the U.S.

Trump is incapable of the complex thought processes necessary to understand the total ramifications of his actions.
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Re: Trump's Trade Follicy

#2152

Post by Chilidog » Thu Aug 08, 2019 10:49 pm

Didn’t Trump call up Mike Flynn in the middle of the night to ask him if a strong dollar was good or bad?

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Re: Trump's Trade Follicy

#2153

Post by PaulG » Thu Aug 08, 2019 11:06 pm

MN-Skeptic wrote:
Thu Aug 08, 2019 9:29 pm

Trump is incapable of the complex thought processes necessary to understand the total ramifications of his actions.
Trump is incapable of caring. Imagine what he could do if did understand the total ramifications of his actions. He has all these controls at his fingertips and I'm convinced the only thing that holds him back is that he can't figure out what any of them do.

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Re: Trump's Trade Follicy

#2154

Post by Gregg » Fri Aug 09, 2019 5:19 am

Chilidog wrote:
Thu Aug 08, 2019 10:49 pm
Didn’t Trump call up Mike Flynn in the middle of the night to ask him if a strong dollar was good or bad?
Not Flynn, but one of the Generals we thought was a grown up who is now gone, I think it was McMaster.
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Re: Trump's Trade Follicy

#2155

Post by HST's Ghost » Fri Aug 09, 2019 6:55 am

Just some additional general thoughts to the excellent comments about the topic...as someone also living and working in Asia...
The comments about how the state-controlled economy (and media) and the strong nationalistic pride will aid China to overcome any short-term economic bumps are very true, and there is also the factor of the populace having come to greatly enjoy the benefits of the massive economic growth the country has had over the last two decades, and while they might be willing to weather a bit of a slow-down, the retrocession of economic gains will not be tolerated. And, as pointed out, they have planned well for alternate economic channels. (Trump, with no plan for alternate ways to truly grow the economy is just feeding the deficit.)
Although Vietnam, where I live, is not a carbon copy of China (they are still heavily at odds with each other over the South China Sea), the situation is analogous enough, and Drumpf is already threatening Vietnam with tariffs also. I have been in Saigon for about seven years now, and the rate of economic development is extremely palpable. I think more than nationalism (Vietnam remains a fairly disparate country), the above-mentioned benefits of economic growth are the main ingredients of the social glue, and there would be no problem cutting the US out of that economic development. From my limited viewpoints, cars are from Korea and Japan, the massive buildings going up are made by Viet, Hong Kong, Singaporean companies (cannot speak to materials), Australian beef...
Also, as a translator, doing Jap=>Eng of a lot of business-related PR materials, it is also palpably clear how globalism and global corporate development are essential to basically every company* (with a bilingual website!), and by extension, the further development of capitalism, and thus, there really isn't any point in trying to stem that tide and literally wall yourself off from the world, instead of planning logically so that the populace of your country can possibly benefit from this ineluctable globalization.

*While manufacturing companies obviously seek global expansion to gain market access and cost benefits, I think that there are many other manifestations of globalization in the service industry also. The example of Japan is interesting because various factors have led to an increase in inbound tourism to Japan, with a lot of cultural clashes between not only loud brash westerners, but also with Chinese and other Asians. Japan's famous hospitality is taking a bit of a hit but has to adapt to this consequence of globalization.
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Re: Trump's Trade Follicy

#2156

Post by RTH10260 » Tue Aug 13, 2019 3:38 pm

U.S. to Delay Some China Tariffs Until Stores Stock Up for Holiday Shoppers
The delay in tariffs comes as the Trump administration faces mounting pressure from businesses and community groups who say the continuing trade war with China is hurting them.

By Ana Swanson
Aug. 13, 2019

The Trump administration on Tuesday narrowed the list of Chinese products it plans to impose new tariffs on as of Sept. 1, delaying levies on cellphones, laptop computers, toys and other goods to spare shoppers from higher prices during the back-to-school and holiday seasons. Stocks soared on the news.

The move, which pushed a new 10 percent tariff on some goods until Dec. 15 and excluded others entirely, came as President Trump faces mounting pressure from businesses and consumer groups over the harm they say the continuing trade war between the United States and China is doing.


https://www.nytimes.com/2019/08/13/busi ... riffs.html

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Re: Trump's Trade Follicy

#2157

Post by RTH10260 » Tue Aug 13, 2019 6:22 pm


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Re: Trump's Trade Follicy

#2158

Post by RTH10260 » Tue Aug 13, 2019 6:26 pm

U.S. businesses are taking down job listings as Trump’s trade war grows

The nation had 7.3 million open positions in June, down from 7.6 million in November.

By Heather Long August 13 at 10:46 AM

Win Cramer had big plans to hire several new employees this summer for his company, including a chief operating officer, but he took the job listings down after President Trump tweeted that more tariffs would hit Chinese goods in September.

Trump’s escalating trade war has spooked business executives. There’s already been a noticeable decline in business investment as corporate leaders say Trump’s tariffs and unpredictability are creating too much uncertainty, dissuading them from spending large sums on new buildings or equipment. Now there are early signs that business leaders are beginning to pull back on hiring, too.

“It’s the most frustrating time I’ve ever had running a business, and I’ve been doing this for 20 years,” said Cramer, chief executive of JLab Audio, which makes wireless ear buds and headphones that are sold at Best Buy, Target and elsewhere.

The United States had 7.3 million job openings in June, down from a peak of 7.6 million in November, according to the latest Labor Department data. While the decline is modest, economists are concerned hiring could dry up quickly as companies see no end in sight to Trump’s trade war and they look to cut costs. The reduction in job openings is also widespread across many industries, signaling how cautious companies are becoming.



https://www.washingtonpost.com/business ... war-grows/

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Re: Trump's Trade Follicy

#2159

Post by Slim Cognito » Tue Aug 13, 2019 6:29 pm

RTH10260 wrote:
Tue Aug 13, 2019 3:38 pm
U.S. to Delay Some China Tariffs Until Stores Stock Up for Holiday Shoppers
The delay in tariffs comes as the Trump administration faces mounting pressure from businesses and community groups who say the continuing trade war with China is hurting them.

By Ana Swanson
Aug. 13, 2019

The Trump administration on Tuesday narrowed the list of Chinese products it plans to impose new tariffs on as of Sept. 1, delaying levies on cellphones, laptop computers, toys and other goods to spare shoppers from higher prices during the back-to-school and holiday seasons. Stocks soared on the news.

The move, which pushed a new 10 percent tariff on some goods until Dec. 15 and excluded others entirely, came as President Trump faces mounting pressure from businesses and consumer groups over the harm they say the continuing trade war between the United States and China is doing.


https://www.nytimes.com/2019/08/13/busi ... riffs.html
Why would that be necessary if China is paying the tariffs.....oh, right.
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Re: Trump's Trade Follicy

#2160

Post by Kendra » Tue Aug 13, 2019 7:43 pm

I was only half paying attention to CNN and the gentleman talking about the China protests, etc. Then I finally realized it was Gary Locke, who once upon a long time ago was governor of Washington. Been a long time since I've seen him on camera, but he looks great for his age. Much better than I :swoon:

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Re: Trump's Trade Follicy

#2161

Post by Addie » Wed Aug 14, 2019 9:38 am

HuffPo
Farmers Reel After Sonny Perdue Mocks Them As ‘Whiners’ Amid Trade War Bankruptcies

America’s farmers have apparently been demoted by the Trump administration from “great patriots” to “whiners,” according to a tone-deaf joke by Agriculture Secretary Sonny Perdue. Farmers, struggling with plunging income and bankruptcies amid President Donald Trump’s trade war, were stunned.

Perdue made the joke while getting heat last week from Minnesota farmers complaining about, among other things, the latest blow to their businesses from the trade war. China has canceled all purchases of U.S. farm products in retaliation for Trump’s decision to impose 10% tariffs on $300 billion in Chinese imports.

At a Farmfest listening session with farmers in Minnesota, Perdue hit back at the complaints with his joke: “What do you call two farmers in a basement? A whine cellar.”

As he pounded the table in mirth, some of the thousands of farmers at the event laughed nervously — which was followed by boos. ...

Net farm income in America has plunged by nearly half over the last five years from $123.4 billion in 2013 to $63 billion last year. It plummeted by 16% last year alone, Time reports. Farmers have filed a record number of bankruptcies since the start of Trump’s trade war with China.

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Re: Trump's Trade Follicy

#2162

Post by Tiredretiredlawyer » Wed Aug 14, 2019 9:49 am

"Thanks, Sonny! " sings the chorus of Democratic candidates and their strategists!
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Re: Trump's Trade Follicy

#2163

Post by tek » Wed Aug 14, 2019 9:58 am

"He was just being sarcastic" in 3.. 2..
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Re: Trump's Trade Follicy

#2164

Post by Suranis » Wed Aug 14, 2019 10:39 am

Hey, cant you leftists take a joke.
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Re: Trump's Trade Follicy

#2165

Post by Sterngard Friegen » Wed Aug 14, 2019 11:53 am

Farmers continue to back Trump, even as he destroys their livelihood, because fear of the other -- brown skinned people, non-white Christians, non-Christians, LGBTQs, and international banksters -- is greater than the pain they feel as they lose their farms.

Idiots.

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Re: Trump's Trade Follicy

#2166

Post by tek » Wed Aug 14, 2019 6:17 pm

There's no way back
from there to here

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Re: Trump's Trade Follicy

#2167

Post by RVInit » Wed Aug 14, 2019 6:21 pm

Unfortunately, they are not going to suffer the consequences of their choice since they are getting a big handout. So, yeah, they will vote for the idiot again.
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Re: Trump's Trade Follicy

#2168

Post by much ado » Wed Aug 14, 2019 6:25 pm

RVInit wrote:
Wed Aug 14, 2019 6:21 pm
Unfortunately, they are not going to suffer the consequences of their choice since they are getting a big handout. So, yeah, they will vote for the idiot again.
Do you really think the handout will be big enough to let them keep their farms? I doubt whether it will work for all of them.

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Re: Trump's Trade Follicy

#2169

Post by RTH10260 » Thu Aug 15, 2019 7:55 am

much ado wrote:
Wed Aug 14, 2019 6:25 pm
RVInit wrote:
Wed Aug 14, 2019 6:21 pm
Unfortunately, they are not going to suffer the consequences of their choice since they are getting a big handout. So, yeah, they will vote for the idiot again.
Do you really think the handout will be big enough to let them keep their farms? I doubt whether it will work for all of them.
I guess the handouts will come too late, and the banks will already have their sticky fingers on it when it arrives.

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Re: Trump's Trade Follicy

#2170

Post by Slim Cognito » Thu Aug 15, 2019 8:34 am

It was a couple of days ago so, sorry, no link, but I read that the (smarter) farmers are realizing the bailout $$ per acre won't be enough to make up what they're losing if they could have simply sold their grain. Not even close. It was something like $15 per acre when they need about $70 per acre, at least in that particular farmer's case.

Besides, how long can we keep that up? I don't doubt most of them were willing to wing it one year, a lot of them two years, (still believing it would end up in a better deal for them long-term) but sooner or later they're going to realize they're in a pickle. I wish one of these reporters would ask the still-trumper farmers what they think of trump's socialist grain buy-back.
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Re: Trump's Trade Follicy

#2171

Post by RTH10260 » Thu Aug 15, 2019 9:21 am

I have been following on Youtube a MN farmer who produces for the local US market soy and corn. He mentioned that he has no extraorinary problems at this time. But he still gets the compensation offer. "Hey - why not take it when it's free"! It will pay for other expenses and help him run his farm profitably.

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Re: Trump's Trade Follicy

#2172

Post by Slim Cognito » Thu Aug 15, 2019 10:14 am

RTH10260 wrote:
Thu Aug 15, 2019 9:21 am
I have been following on Youtube a MN farmer who produces for the local US market soy and corn. He mentioned that he has no extraorinary problems at this time. But he still gets the compensation offer. "Hey - why not take it when it's free"! It will pay for other expenses and help him run his farm profitably.
(if I'm understanding this correctly)
If he's producing for the local us market, then isn't he one of the lucky ones who is actually able to sell his crop? And he still gets bailout money? No wonder the other guys aren't getting enough to cover their losses.
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Re: Trump's Trade Follicy

#2173

Post by RVInit » Thu Aug 15, 2019 11:56 am

Slim Cognito wrote:
Thu Aug 15, 2019 8:34 am
It was a couple of days ago so, sorry, no link, but I read that the (smarter) farmers are realizing the bailout $$ per acre won't be enough to make up what they're losing if they could have simply sold their grain. Not even close. It was something like $15 per acre when they need about $70 per acre, at least in that particular farmer's case.

Besides, how long can we keep that up? I don't doubt most of them were willing to wing it one year, a lot of them two years, (still believing it would end up in a better deal for them long-term) but sooner or later they're going to realize they're in a pickle. I wish one of these reporters would ask the still-trumper farmers what they think of trump's socialist grain buy-back.
As long as they are not hurting, everything is fine. It's not socialism when they are getting it, it's socialism when "the others" are getting it, regardless of the reason.

The only supporters that are not as comfortable with Trump at this point are suburban women voters, but even THEY say they "aren't sure" if they are going to vote for him again. :roll:
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Re: Trump's Trade Follicy

#2174

Post by Slim Cognito » Thu Aug 15, 2019 12:02 pm

Yeah, I see that, but I also see somebody here, somebody there, saying they're not voting for trump again. Not a landslide, certainly, but has anyone seen a legit "I voted for Hillary in 2016 but I'm voting trump in 2020?"

And if I weren't so concerned about voter suppression and election fraud, I'd sleep better at night.
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Re: Trump's Trade Follicy

#2175

Post by Notorial Dissent » Thu Aug 15, 2019 12:07 pm

Unless the bailout subsidies match at least par with what the farmers would have made on a timely and good sale of their crops and then includes the interest for what they didn't get over the time until they actually get paid, THEY ARE ROYALLY AND TOTALLY SCREWED. Most of them are already well and truly screwed since they live year to year on their sales, and no sales means no paying the bank back and all the things that go with it. First they are going to have to come up with the money and then get it out, and if the gov't moves at even its normally glacial pace. IT WILL BE TOO LATE.
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