Trump's Tariffs Slam Maine Lobstermen

[Toro]

There will be more of these stories coming.

Donald Trump has upended global trade relationships, promising that temporary disruption will end in better terms for American businesses. Tell that to the Maine lobster industry that his policies are putting at a major disadvantage in Europe and China.

These should be halcyon days in lobstertown. Maine harvests more lobster than any other U.S. state or Canadian province. Last year it landed nearly 111 million pounds—its fourth-largest annual haul—which it sold for $450 million. The lobster industry accounts for 2% of Maine’s economy. ...

In 2017 the U.S. exported more than $137 million in lobsters to China, up from $52 million in 2015.

Yet Mr. Trump’s unilateral tariffs are about to erode the price advantage of American lobsters. After the U.S. announced on June 15 plans to impose a 25% tariff on $50 billion in Chinese goods, Beijing retaliated with a new 25% tariff on American seafood, farm products and autos, effective July 6. That’s on top of the 10% to 15% tariffs China already imposes on U.S. and Canadian lobster. ...

“What happens if we lose 30%, 40%, even 50% of our market share?” he says. “We have to keep paying the bank for that borrowed money. If we do have an impact in sales, it’s going to have a direct impact on jobs. That’s the only way we reduce our expenses. I hope that doesn’t happen. And to date we haven’t laid anyone off.” Mr. Adams adds that if the trade tensions don’t abate, he would consider moving some of his operations to Canada.​

Trump Boils Maine Lobstermen

Trade wars hurt more people than they help. That's why economists almost unilaterally believe in free trade and oppose trade wars and tariffs, i.e. trade taxes.

Every action by our trade "partners" to protect their trade surpluses,


validates Trump's policy.

1. Canada runs a trade deficit with the US
2. The US runs a capital surplus with almost every nation on earth because we run trade deficits with most countries. That means foreigners invest more and thus create more jobs here than we do abroad because of the trade deficits.
3. It doesn’t matter much anyways, as economists know.

If it does not matter, than why are our trade partners pushing back so much?


If it does not matter, than why did you post this story as an attack on Trump?

The trade deficits don’t matter. But raising costs and making business less efficient do matter.

As I’ve said before, I’ve followed this debate for 30 years. And now Trump worshippers are making the same leftist arguments that anti-capitalist, government-loving leftists who are ignorant about economics have made all that time.

 

[Correll]

There will be more of these stories coming.

Donald Trump has upended global trade relationships, promising that temporary disruption will end in better terms for American businesses. Tell that to the Maine lobster industry that his policies are putting at a major disadvantage in Europe and China.

These should be halcyon days in lobstertown. Maine harvests more lobster than any other U.S. state or Canadian province. Last year it landed nearly 111 million pounds—its fourth-largest annual haul—which it sold for $450 million. The lobster industry accounts for 2% of Maine’s economy. ...

In 2017 the U.S. exported more than $137 million in lobsters to China, up from $52 million in 2015.

Yet Mr. Trump’s unilateral tariffs are about to erode the price advantage of American lobsters. After the U.S. announced on June 15 plans to impose a 25% tariff on $50 billion in Chinese goods, Beijing retaliated with a new 25% tariff on American seafood, farm products and autos, effective July 6. That’s on top of the 10% to 15% tariffs China already imposes on U.S. and Canadian lobster. ...

“What happens if we lose 30%, 40%, even 50% of our market share?” he says. “We have to keep paying the bank for that borrowed money. If we do have an impact in sales, it’s going to have a direct impact on jobs. That’s the only way we reduce our expenses. I hope that doesn’t happen. And to date we haven’t laid anyone off.” Mr. Adams adds that if the trade tensions don’t abate, he would consider moving some of his operations to Canada.​

Trump Boils Maine Lobstermen

Trade wars hurt more people than they help. That's why economists almost unilaterally believe in free trade and oppose trade wars and tariffs, i.e. trade taxes.

2% of Maine's economy. National disaster I tell ya.

You're such a sycophant for the libtarded left you should buy a Chinese car to protest.

Libtardos have been railing against Wal Mart for decades for selling cheap Chinese shit here and now they're railing about not getting their cheap Chinese shit any more.

Yes, they are truly libtarded.

You support

1. Higher taxes
2. More government interference in the economy
3. Government picking winners and losers
4. Ignorant economics

Yes you truly are a leftist libtardo.

None of that is a real answer.


It would be, if the person you are talking to was a libertarian to the point of anarchism.


Otherwise, it was just a number of buzzwords thinly veiled.

 

[Correll]

All they have to do is sell their lobster to a Canadian company who will export the lobster to China. Do the Chinese have tariffs on Canada also?

Or invest in Canada and fire Americans, like the Maine businessman is considering.

Your position is that that type of shit doesn't matter.



Why are you acting like it does matter?

 

[Correll]

There will be more of these stories coming.

Donald Trump has upended global trade relationships, promising that temporary disruption will end in better terms for American businesses. Tell that to the Maine lobster industry that his policies are putting at a major disadvantage in Europe and China.

These should be halcyon days in lobstertown. Maine harvests more lobster than any other U.S. state or Canadian province. Last year it landed nearly 111 million pounds—its fourth-largest annual haul—which it sold for $450 million. The lobster industry accounts for 2% of Maine’s economy. ...

In 2017 the U.S. exported more than $137 million in lobsters to China, up from $52 million in 2015.

Yet Mr. Trump’s unilateral tariffs are about to erode the price advantage of American lobsters. After the U.S. announced on June 15 plans to impose a 25% tariff on $50 billion in Chinese goods, Beijing retaliated with a new 25% tariff on American seafood, farm products and autos, effective July 6. That’s on top of the 10% to 15% tariffs China already imposes on U.S. and Canadian lobster. ...

“What happens if we lose 30%, 40%, even 50% of our market share?” he says. “We have to keep paying the bank for that borrowed money. If we do have an impact in sales, it’s going to have a direct impact on jobs. That’s the only way we reduce our expenses. I hope that doesn’t happen. And to date we haven’t laid anyone off.” Mr. Adams adds that if the trade tensions don’t abate, he would consider moving some of his operations to Canada.​

Trump Boils Maine Lobstermen

Trade wars hurt more people than they help. That's why economists almost unilaterally believe in free trade and oppose trade wars and tariffs, i.e. trade taxes.

Every action by our trade "partners" to protect their trade surpluses,


validates Trump's policy.

1. Canada runs a trade deficit with the US
2. The US runs a capital surplus with almost every nation on earth because we run trade deficits with most countries. That means foreigners invest more and thus create more jobs here than we do abroad because of the trade deficits.
3. It doesn’t matter much anyways, as economists know.

If it does not matter, than why are our trade partners pushing back so much?


If it does not matter, than why did you post this story as an attack on Trump?

The trade deficits don’t matter. But raising costs and making business less efficient do matter.
.....

That's a mighty fine line you are drawing there....


Why do you not care about the jobs that are or might be lost?

 

[Toro]

All they have to do is sell their lobster to a Canadian company who will export the lobster to China. Do the Chinese have tariffs on Canada also?

Or invest in Canada and fire Americans, like the Maine businessman is considering.

Your position is that that type of shit doesn't matter.



Why are you acting like it does matter?

No I’m saying trade deficits don’t matter.

What does matter is raising costs for business, which is what trade taxes, ie tariffs do.

Tariffs are taxes, leftist and anti-capitalist.

Ronald Reagan would be embarrassed.

 

[Marion Morrison]

All they have to do is sell their lobster to a Canadian company who will export the lobster to China. Do the Chinese have tariffs on Canada also?

Or invest in Canada and fire Americans, like the Maine businessman is considering.

He can kick rocks.

A) Not as many lobsters in Canuckistan.

B) Somebody will fill his position quickly.

C) Demand is higher for Maine Lobster.

 

[Tommy Tainant]

The likes of the Maine fishermen and the farmers will be the ones to suffer from this nonsense. The big corporations will just shift production to wherever it suits.

I wonder if there is any support for this policy from educated people ?

 

[sparky]

Why do you not care about the jobs that are or might be lost?

Or gained

wasn't THAT the point of Trumps tariff tirade?

But we keep reading , the lobster industry, the nail industry , Harley davidson, and now GM....

No good tariff goes unpunished, eh?

~S~

 

[Marion Morrison]

The likes of the Maine fishermen and the farmers will be the ones to suffer from this nonsense. The big corporations will just shift production to wherever it suits.

I wonder if there is any support for this policy from educated people ?

I guess we now have the uneducated opinion of a British ******, so there's that.

 

[Toro]

There will be more of these stories coming.

Donald Trump has upended global trade relationships, promising that temporary disruption will end in better terms for American businesses. Tell that to the Maine lobster industry that his policies are putting at a major disadvantage in Europe and China.

These should be halcyon days in lobstertown. Maine harvests more lobster than any other U.S. state or Canadian province. Last year it landed nearly 111 million pounds—its fourth-largest annual haul—which it sold for $450 million. The lobster industry accounts for 2% of Maine’s economy. ...

In 2017 the U.S. exported more than $137 million in lobsters to China, up from $52 million in 2015.

Yet Mr. Trump’s unilateral tariffs are about to erode the price advantage of American lobsters. After the U.S. announced on June 15 plans to impose a 25% tariff on $50 billion in Chinese goods, Beijing retaliated with a new 25% tariff on American seafood, farm products and autos, effective July 6. That’s on top of the 10% to 15% tariffs China already imposes on U.S. and Canadian lobster. ...

“What happens if we lose 30%, 40%, even 50% of our market share?” he says. “We have to keep paying the bank for that borrowed money. If we do have an impact in sales, it’s going to have a direct impact on jobs. That’s the only way we reduce our expenses. I hope that doesn’t happen. And to date we haven’t laid anyone off.” Mr. Adams adds that if the trade tensions don’t abate, he would consider moving some of his operations to Canada.​

Trump Boils Maine Lobstermen

Trade wars hurt more people than they help. That's why economists almost unilaterally believe in free trade and oppose trade wars and tariffs, i.e. trade taxes.

Every action by our trade "partners" to protect their trade surpluses,


validates Trump's policy.

1. Canada runs a trade deficit with the US
2. The US runs a capital surplus with almost every nation on earth because we run trade deficits with most countries. That means foreigners invest more and thus create more jobs here than we do abroad because of the trade deficits.
3. It doesn’t matter much anyways, as economists know.

If it does not matter, than why are our trade partners pushing back so much?


If it does not matter, than why did you post this story as an attack on Trump?

The trade deficits don’t matter. But raising costs and making business less efficient do matter.
.....

That's a mighty fine line you are drawing there....


Why do you not care about the jobs that are or might be lost?

That’s a communist argument. Communists made the same argument.

Capitalism is the process of creative destruction. All of capitalism is trying to meet consumer demand by making things cheaper, either with machines or cheaper labor. That means jobs in older industries go away and jobs in newer jobs are created. That’s capitalism. Something like a quarter of all jobs in today’s economy didn’t even exist as classifications in the BLS 50 years ago.

 

[Correll]

All they have to do is sell their lobster to a Canadian company who will export the lobster to China. Do the Chinese have tariffs on Canada also?

Or invest in Canada and fire Americans, like the Maine businessman is considering.

Your position is that that type of shit doesn't matter.



Why are you acting like it does matter?

No I’m saying trade deficits don’t matter.

What does matter is raising costs for business, which is what trade taxes, ie tariffs do.

Tariffs are taxes, leftist and anti-capitalist.

Ronald Reagan would be embarrassed.

Taxes are not lefty and anti-capitalist.


Please stop just throwing out buzzwords.


It is an insult to my intelligence to think that I would be so easily fooled.



Why don't you care about the lost jobs?

 

[Correll]

Every action by our trade "partners" to protect their trade surpluses,


validates Trump's policy.

1. Canada runs a trade deficit with the US
2. The US runs a capital surplus with almost every nation on earth because we run trade deficits with most countries. That means foreigners invest more and thus create more jobs here than we do abroad because of the trade deficits.
3. It doesn’t matter much anyways, as economists know.

If it does not matter, than why are our trade partners pushing back so much?


If it does not matter, than why did you post this story as an attack on Trump?

The trade deficits don’t matter. But raising costs and making business less efficient do matter.
.....

That's a mighty fine line you are drawing there....


Why do you not care about the jobs that are or might be lost?

That’s a communist argument. Communists made the same argument.

Capitalism is the process of creative destruction. All of capitalism is trying to meet consumer demand by making things cheaper, either with machines or cheaper labor. That means jobs in older industries go away and jobs in newer jobs are created. That’s capitalism. Something like a quarter of all jobs in today’s economy didn’t even exist as classifications in the BLS 50 years ago.

It is not a communist argument.


The destruction we have had is not creative, nor is it fairly spread.


Are you going to respond seriously, or just spout buzz words?

 

[bodecea]

There will be more of these stories coming.

Donald Trump has upended global trade relationships, promising that temporary disruption will end in better terms for American businesses. Tell that to the Maine lobster industry that his policies are putting at a major disadvantage in Europe and China.

These should be halcyon days in lobstertown. Maine harvests more lobster than any other U.S. state or Canadian province. Last year it landed nearly 111 million pounds—its fourth-largest annual haul—which it sold for $450 million. The lobster industry accounts for 2% of Maine’s economy. ...

In 2017 the U.S. exported more than $137 million in lobsters to China, up from $52 million in 2015.

Yet Mr. Trump’s unilateral tariffs are about to erode the price advantage of American lobsters. After the U.S. announced on June 15 plans to impose a 25% tariff on $50 billion in Chinese goods, Beijing retaliated with a new 25% tariff on American seafood, farm products and autos, effective July 6. That’s on top of the 10% to 15% tariffs China already imposes on U.S. and Canadian lobster. ...

“What happens if we lose 30%, 40%, even 50% of our market share?” he says. “We have to keep paying the bank for that borrowed money. If we do have an impact in sales, it’s going to have a direct impact on jobs. That’s the only way we reduce our expenses. I hope that doesn’t happen. And to date we haven’t laid anyone off.” Mr. Adams adds that if the trade tensions don’t abate, he would consider moving some of his operations to Canada.​

Trump Boils Maine Lobstermen

Trade wars hurt more people than they help. That's why economists almost unilaterally believe in free trade and oppose trade wars and tariffs, i.e. trade taxes.

Oh well, they don't count, do they?

 

[DOTR]

Thats too bad.

 

[Ricky LIbtardo]

There will be more of these stories coming.

Donald Trump has upended global trade relationships, promising that temporary disruption will end in better terms for American businesses. Tell that to the Maine lobster industry that his policies are putting at a major disadvantage in Europe and China.

These should be halcyon days in lobstertown. Maine harvests more lobster than any other U.S. state or Canadian province. Last year it landed nearly 111 million pounds—its fourth-largest annual haul—which it sold for $450 million. The lobster industry accounts for 2% of Maine’s economy. ...

In 2017 the U.S. exported more than $137 million in lobsters to China, up from $52 million in 2015.

Yet Mr. Trump’s unilateral tariffs are about to erode the price advantage of American lobsters. After the U.S. announced on June 15 plans to impose a 25% tariff on $50 billion in Chinese goods, Beijing retaliated with a new 25% tariff on American seafood, farm products and autos, effective July 6. That’s on top of the 10% to 15% tariffs China already imposes on U.S. and Canadian lobster. ...

“What happens if we lose 30%, 40%, even 50% of our market share?” he says. “We have to keep paying the bank for that borrowed money. If we do have an impact in sales, it’s going to have a direct impact on jobs. That’s the only way we reduce our expenses. I hope that doesn’t happen. And to date we haven’t laid anyone off.” Mr. Adams adds that if the trade tensions don’t abate, he would consider moving some of his operations to Canada.​

Trump Boils Maine Lobstermen

Trade wars hurt more people than they help. That's why economists almost unilaterally believe in free trade and oppose trade wars and tariffs, i.e. trade taxes.

2% of Maine's economy. National disaster I tell ya.

You're such a sycophant for the libtarded left you should buy a Chinese car to protest.

Libtardos have been railing against Wal Mart for decades for selling cheap Chinese shit here and now they're railing about not getting their cheap Chinese shit any more.

Yes, they are truly libtarded.

You support

1. Higher taxes
2. More government interference in the economy
3. Government picking winners and losers
4. Ignorant economics

Yes you truly are a leftist libtardo.

Wake up, Toro.

It's the leftist Socialists that are railing against us imposing tariffs on them. We want fair trade. If they did they would agree to no tariffs on anyone which is what we want. When Trump proposed it they went batshit crazy.

Tariffs on American products, good. Tariffs on theirs, bad.

You can't keep bulshitting us any more. It's time for us to quit subsidizing the rest of the world while they continue to rip us off. Germany is bitching about us proposing tariffs on cars and they won't even spend the agreed upon NATO contribution.

**** em. We don't need them and they need us. Time for them to treat us with the respect we earned.

 

[DOTR]

No I’m saying trade deficits don’t matter.

What does matter is raising costs for business, which is what trade taxes, ie tariffs do.

Tariffs are taxes, leftist and anti-capitalist.

Ronald Reagan would be embarrassed.

Usually you post pretty insightful things. But this isnt one. Your own article said that China imposed 15% tariffs already. The point here is not to impose tarriffs but to fight back. Do you believe that over in China land somebody is saying "hey dont impose tarriffs on lobsters that is bad for trade"?
In Trumps view we can
(1)remain on the receiving end of punitive tariffs or
(2)fight back and make them come to the table

Nobody can do without the US.

 

[Moonglow]

There will be more of these stories coming.

Donald Trump has upended global trade relationships, promising that temporary disruption will end in better terms for American businesses. Tell that to the Maine lobster industry that his policies are putting at a major disadvantage in Europe and China.

These should be halcyon days in lobstertown. Maine harvests more lobster than any other U.S. state or Canadian province. Last year it landed nearly 111 million pounds—its fourth-largest annual haul—which it sold for $450 million. The lobster industry accounts for 2% of Maine’s economy. ...

In 2017 the U.S. exported more than $137 million in lobsters to China, up from $52 million in 2015.

Yet Mr. Trump’s unilateral tariffs are about to erode the price advantage of American lobsters. After the U.S. announced on June 15 plans to impose a 25% tariff on $50 billion in Chinese goods, Beijing retaliated with a new 25% tariff on American seafood, farm products and autos, effective July 6. That’s on top of the 10% to 15% tariffs China already imposes on U.S. and Canadian lobster. ...

“What happens if we lose 30%, 40%, even 50% of our market share?” he says. “We have to keep paying the bank for that borrowed money. If we do have an impact in sales, it’s going to have a direct impact on jobs. That’s the only way we reduce our expenses. I hope that doesn’t happen. And to date we haven’t laid anyone off.” Mr. Adams adds that if the trade tensions don’t abate, he would consider moving some of his operations to Canada.​

Trump Boils Maine Lobstermen

Trade wars hurt more people than they help. That's why economists almost unilaterally believe in free trade and oppose trade wars and tariffs, i.e. trade taxes.

2% of Maine's economy. National disaster I tell ya.

You're such a sycophant for the libtarded left you should buy a Chinese car to protest.

Libtardos have been railing against Wal Mart for decades for selling cheap Chinese shit here and now they're railing about not getting their cheap Chinese shit any more.

Yes, they are truly libtarded.

You support

1. Higher taxes
2. More government interference in the economy
3. Government picking winners and losers
4. Ignorant economics

Yes you truly are a leftist libtardo.

Wake up, Toro.

It's the leftist Socialists that are railing against us imposing tariffs on them. We want fair trade. If they did they would agree to no tariffs on anyone which is what we want. When Trump proposed it they went batshit crazy.

Tariffs on American products, good. Tariffs on theirs, bad.

You can't keep bulshitting us any more. It's time for us to quit subsidizing the rest of the world while they continue to rip us off. Germany is bitching about us proposing tariffs on cars and they won't even spend the agreed upon NATO contribution.

**** em. We don't need them and they need us. Time for them to treat us with the respect we earned.

Where is the tariffs on Trump Enterprise goods produced in China and shipped to the USA? You don't think Trump is gonna upset his trade balances that affect him and his family? Hell no, he's too good for that.

 

[Moonglow]

No I’m saying trade deficits don’t matter.

What does matter is raising costs for business, which is what trade taxes, ie tariffs do.

Tariffs are taxes, leftist and anti-capitalist.

Ronald Reagan would be embarrassed.

Usually you post pretty insightful things. But this isnt one. Your own article said that China imposed 15% tariffs already. The point here is not to impose tarriffs but to fight back. Do you believe that over in China land somebody is saying "hey dont impose tarriffs on lobsters that is bad for trade"?
In Trumps view we can
(1)remain on the receiving end of punitive tariffs or
(2)fight back and make them come to the table

Nobody can do without the US.

They did it fer centuries without the USA.

 

[Toro]

All they have to do is sell their lobster to a Canadian company who will export the lobster to China. Do the Chinese have tariffs on Canada also?

Or invest in Canada and fire Americans, like the Maine businessman is considering.

Your position is that that type of shit doesn't matter.



Why are you acting like it does matter?

No I’m saying trade deficits don’t matter.

What does matter is raising costs for business, which is what trade taxes, ie tariffs do.

Tariffs are taxes, leftist and anti-capitalist.

Ronald Reagan would be embarrassed.

Taxes are not lefty and anti-capitalist.


Please stop just throwing out buzzwords.


It is an insult to my intelligence to think that I would be so easily fooled.



Why don't you care about the lost jobs?

Yes, they are. It’s just politically convenient for you to believe otherwise because of your cognitive and ideological biases.

If a President said “I’m going to raise your taxes and make it harder for business,” that’s a leftist President. Well, that’s what tariffs do.

 

[Moonglow]

All they have to do is sell their lobster to a Canadian company who will export the lobster to China. Do the Chinese have tariffs on Canada also?

Or invest in Canada and fire Americans, like the Maine businessman is considering.

Your position is that that type of shit doesn't matter.



Why are you acting like it does matter?

No I’m saying trade deficits don’t matter.

What does matter is raising costs for business, which is what trade taxes, ie tariffs do.

Tariffs are taxes, leftist and anti-capitalist.

Ronald Reagan would be embarrassed.

Taxes are not lefty and anti-capitalist.


Please stop just throwing out buzzwords.


It is an insult to my intelligence to think that I would be so easily fooled.



Why don't you care about the lost jobs?

Yes, they are. It’s just politically convenient for you to believe otherwise because of your cognitive and ideological biases.

If a President said “I’m going to raise your taxes and make it harder for business,” that’s a leftist President. Well, that’s what tariffs do.

Trump could kill their first born and they'd still love him with all their hearts and souls.