The trade war is already here

[justoffal]

The trade war with China has been ongoing for decades, and China is winning. While one could argue that we are also benefiting by saving money on cheaper Chinese goods, the question remains: what exactly are we winning?

It's important to remember that a local economy is vital to local interests. We care about clean air, clean water, and safe working conditions. That's why we have agencies like the EPA and OSHA, which oversee these concerns to prevent purple rivers, toxic fumes, or workers falling into industrial machinery and getting injured.

The key word here is compliance. Communist China lacks these agencies and continues to pollute its environment in ways that were common 50 years ago. Compliance is expensive. Manufacturers who must comply with regulations incur additional costs, which lead to higher prices and, in turn, fewer customers.

So, how do we address this? Frankly, we don’t. What we can do is educate people about the consequences of buying from places that don't comply with these standards, or we can eliminate compliance requirements altogether.

However, since neither of those options is likely to succeed, the third option is: Drum roll please...

A tariff.

 

[1srelluc]

"On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders," Trump said.

 

[JoeB131]

The trade war with China has been ongoing for decades, and China is winning. While one could argue that we are also benefiting by saving money on cheaper Chinese goods, the question remains: what exactly are we winning?

We are winning the value of the goods that we are buying.

The seller makes a profit because he can keep his costs low.
The consumer benefits on not having to buy an expensive product

 

[JoeB131]

"On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders," Trump said.

Wow, he really is stupid, isn't he.

Get ready for a recession even worse than his last one.

 

[JGalt]

The trade war with China has been ongoing for decades, and China is winning. While one could argue that we are also benefiting by saving money on cheaper Chinese goods, the question remains: what exactly are we winning?

It's important to remember that a local economy is vital to local interests. We care about clean air, clean water, and safe working conditions. That's why we have agencies like the EPA and OSHA, which oversee these concerns to prevent purple rivers, toxic fumes, or workers falling into industrial machinery and getting injured.

The key word here is compliance. Communist China lacks these agencies and continues to pollute its environment in ways that were common 50 years ago. Compliance is expensive. Manufacturers who must comply with regulations incur additional costs, which lead to higher prices and, in turn, fewer customers.

So, how do we address this? Frankly, we don’t. What we can do is educate people about the consequences of buying from places that don't comply with these standards, or we can eliminate compliance requirements altogether.

However, since neither of those options is likely to succeed, the third option is: Drum roll please...

A tariff.

To be the "devil's advocate" here, I will say we're winning the opportunity for poor folks to have some of the amenities that could only previously be afforded by the wealthy. Now anyone can afford a big-screen television and all those labor-saving kitchen appliances, and at a reasonable cost. Maybe we Americans have just become too fat, lazy, and complacent.

 

[JGalt]

Wow, he really is stupid, isn't he.

Get ready for a recession even worse than his last one.

Then you'll just have to get off your fat ass and work harder.

BTW, there was no "Trump recession", liar. Although, it's not surprising that you blame Trump for Covid, instead of your CHICOM buddies.

"Trump took office for the first time at the height of the longest economic expansion in American history. The 128-month (10.7-year) economic expansion that began in June 2009 abruptly ended at a peak in February 2020, with the U.S. entering a recession due to the COVID-19 pandemic."

Economic policy of the first Donald Trump administration - Wikipedia

So in reality, the recession happened under Biden/Harris.

 

[justoffal]

To be the "devil's advocate" here, I will say we're winning the opportunity for poor folks to have some of the amenities that could only previously be afforded by the wealthy. Now anyone can afford a big-screen television and all those labor-saving kitchen appliances, and at a reasonable cost. Maybe we Americans have just become too fat, lazy, and complacent.

Yeah it's a good point....and one that may eventually determine our final position on the matter. I have to admit I love going to Harbor Freight......

 

[justoffal]

We are winning the value of the goods that we are buying.

The seller makes a profit because he can keep his costs low.
The consumer benefits on not having to buy an expensive product

Oh trust me....I am not immune to that angle.
I am an onerous cheapskate and very hard to convince when it comes to price.

 

[justoffal]

To be the "devil's advocate" here, I will say we're winning the opportunity for poor folks to have some of the amenities that could only previously be afforded by the wealthy. Now anyone can afford a big-screen television and all those labor-saving kitchen appliances, and at a reasonable cost. Maybe we Americans have just become too fat, lazy, and complacent.

By allowing a steady stream of cheaper goods into our retail shelves we are in effect slowly but surely importing a lower standard of living even though it seems like we're doing it exactly the opposite. So far the frog is comfortable in the lukewarm water unaware of the fact that the temperature is rising.

Here's the real kicker!! As Trump applies those tariffs it will supercharge BRICS... That in turn will begin to inflate the dollar.

 

[JGalt]

Yeah it's a good point....and one that may eventually determine our final position on the matter. I have to admit I love going to Harbor Freight......

Cheap Chinese-made stuff is like crack cocaine.

 

[justoffal]

Cheap Chinese-made stuff is like crack cocaine.

It is.....quite habit forming....
So I tried Temu once....Geezus talk about total garbage! Temu must be the clearing house for the cheapest of the cheap Chinese shit. I'm talking about a ratchet handle that you can take a bite out of with your teeth!

 

[JoeB131]

Then you'll just have to get off your fat ass and work harder.

BTW, there was no "Trump recession", liar. Although, it's not surprising that you blame Trump for Covid, instead of your CHICOM buddies.

Recession happened on Trump's watch.

His actions caused it.

"Trump took office for the first time at the height of the longest economic expansion in American history. The 128-month (10.7-year) economic expansion that began in June 2009 abruptly ended at a peak in February 2020, with the U.S. entering a recession due to the COVID-19 pandemic."

So what you are admitting is Trump inherited a good economy from Obama (7.5 of those 10.2 years) before he ran it into the ground.

Of course, Trump's trade wars did as much to contribute to the recession as Covid did. As someone who worked in supply chain at the time, getting components became a lot harder and required a lot more paperwork.

 

[Zincwarrior]

"On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders," Trump said.

Canada doesn't have an "open border" with the US.

 

[JGalt]

Recession happened on Trump's watch.

His actions caused it.




So what you are admitting is Trump inherited a good economy from Obama (7.5 of those 10.2 years) before he ran it into the ground.

Of course, Trump's trade wars did as much to contribute to the recession as Covid did. As someone who worked in supply chain at the time, getting components became a lot harder and required a lot more paperwork.

It was because of Covid, ya dumbfuck. And it only lasted two months.

List of recessions in the United States - Wikipedia

 

[justoffal]

It was because of Covid, ya dumbfuck. And it only lasted two months.

List of recessions in the United States - Wikipedia

View attachment 1046780

Notice how they never mention the pandemic? They know it factors in but simply walk right past it.

 

[JGalt]

Notice how they never mention the pandemic? They know it factors in but simply walk right past it.

Never let a good crisis go to waste.

 

[JoeB131]

It was because of Covid, ya dumbfuck. And it only lasted two months

2 months of 14% unemployment... not sure why you think that was a good thing.

Those jobs still hadn't come back by the time Trump got the Broom.

 

[JoeB131]

Notice how they never mention the pandemic? They know it factors in but simply walk right past it.

Oh, I'm perfecty willing to have a discussion about how Trump caused 1 million deaths through his sheer incompetence of managing the Pandemic.

I don't think you guys will have much fun with that.

 

[justoffal]

Oh, I'm perfecty willing to have a discussion about how Trump caused 1 million deaths through his sheer incompetence of managing the Pandemic.

I don't think you guys will have much fun with that.

Poppycock ...
That's a fairytale bolstered by confirmation bias ...
There were no effective strategies against the virus.

Once again this is about the supply chain.

 

[JGalt]

2 months of 14% unemployment... not sure why you think that was a good thing.

Those jobs still hadn't come back by the time Trump got the Broom.

Is the government your lord and savior now? What the fuck did you want Trump to do, give all those unemployed people jobs in the government?