What's the deal with trade deficits?

[Onyx]

Somehow Donald Trump has managed to get his tools fanatical about trade deficits.

Why? It does not signify lost money. What is the point of declaring a war on trade which is mutually profitable?

He does realize that the trade deficit was produced as a result of free association between capitalists? He does realize that those same capitalists chose to make those trades because it would produce them a profit?

What is his solution to this non-problem? Tariffs? Does he realize that tariffs limit trade, and therefore costs American jobs and raise prices on consumer goods? If he had his way, it would be the biggest tax on consumers in decades.

I have two theories on why Donald Trump is peddling this socialist anti-trade rhetoric. Either he would personally profit from instituting tariffs on certain industries, or he is just a straight up dipshit on economics. Take your pick.

 

[Toddsterpatriot]

Somehow Donald Trump has managed to get his tools fanatical about trade deficits.

Why? It does not signify lost money. What is the point of declaring a war on trade which is mutually profitable?

He does realize that the trade deficit was produced as a result of free association between capitalists? He does realize that those same capitalists chose to make those trades because it would produce them a profit?

What is his solution to this non-problem? Tariffs? Does he realize that tariffs limit trade, and therefore costs American jobs and raise prices on consumer goods? If he had his way, it would be the biggest tax on consumers in decades.

I have two theories on why Donald Trump is peddling this socialist anti-trade rhetoric. Either he would personally profit from instituting tariffs on certain industries, or he is just a straight up dipshit on economics. Take your pick.

I know, usually it's only Dems who are dipshits on economics in general and trade in particular.
He's stealing their issue!!!

 

[Onyx]

I know, usually it's only Dems who are dipshits on economics in general and trade in particular.
He's stealing their issue!!!

I am not down for that partisan bullshit.

You seem to be acknowledging that Trump is acting like a dipshit on this non-issue, or am I mistaken?

 

[Toddsterpatriot]

I know, usually it's only Dems who are dipshits on economics in general and trade in particular.
He's stealing their issue!!!

I am not down for that partisan bullshit.

You seem to be acknowledging that Trump is acting like a dipshit on this non-issue, or am I mistaken?

Of course, protectionism is stupid.
You want to keep corporations here, and healthy, stop trying to kill them.
And if you do try to kill them, stop whining when they react by leaving.

 

[Onyx]

Of course, protectionism is stupid.
You want to keep corporations here, and healthy, stop trying to kill them.
And if you do try to kill them, stop whining when they react by leaving.

Why do you believe he is peddling the anti-trade rhetoric then?

My guess? He has competition which relies on certain exports or imports, so he is preemptively justifying tariffs that would be implemented during his administration.

 

[Toddsterpatriot]

Of course, protectionism is stupid.
You want to keep corporations here, and healthy, stop trying to kill them.
And if you do try to kill them, stop whining when they react by leaving.

Why do you believe he is peddling the anti-trade rhetoric then?

My guess? He has competition which relies on certain exports or imports, so he is preemptively justifying tariffs that would be implemented during his administration.

Why do you believe he is peddling the anti-trade rhetoric then?

Maybe he believes it? Lots of Dems and Republicans do.

The conservative solution is making it easier for firms to exist here, so they won't leave.
The liberal solution is to pass a law forcing them to remain here.

My guess? He has competition which relies on certain exports or imports

Wow, that's out there. Let me know if you ever find anything specific.

 

[Onyx]

Maybe he believes it? Lots of Dems and Republicans do.

The conservative solution is making it easier for firms to exist here, so they won't leave.
The liberal solution is to pass a law forcing them to remain here.

I believe you are conflating his tariff proposals with his proposal to institute an offshoring tax.

Tariffs would not do much to prevent offshoring, whereas an offshoring tax would. Tariffs would lower the amount of imports from foreign companies, which would raise prices on consumer goods and cost American jobs ( considering we are a nation which survives on other people's money).

Wow, that's out there. Let me know if you ever find anything specific.

Out there? It is quite tame as far as theories go.

He personally admitted that he would profit if he won the office of president. He certainly is not going to do that through building a wall. We know he has competition, and I am guessing that he lacks the personal constraint to avoid pushing tariffs that would hurt his competitors.

 

[Toddsterpatriot]

Maybe he believes it? Lots of Dems and Republicans do.

The conservative solution is making it easier for firms to exist here, so they won't leave.
The liberal solution is to pass a law forcing them to remain here.

I believe you are conflating his tariff proposals with his proposal to institute an offshoring tax.

Tariffs would not do much to prevent offshoring, whereas an offshoring tax would. Tariffs would lower the amount of imports from foreign companies, which would raise prices on consumer goods and cost American jobs ( considering we are a nation which survives on other people's money).

Wow, that's out there. Let me know if you ever find anything specific.

Out there? It is quite tame as far as theories go.

He personally admitted that he would profit if he won the office of president. He certainly is not going to do that through building a wall. We know he has competition, and I am guessing that he lacks the personal constraint to avoid pushing tariffs that would hurt his competitors.

I believe you are conflating his tariff proposals with his proposal to institute an offshoring tax.

How is a tariff different than an "offshoring tax"?

Tariffs would not do much to prevent offshoring, whereas an offshoring tax would.

One makes foreign goods less attractive to US consumers, the other makes it less likely for a US producer to bring in foreign goods...branded as US products.

Out there?

Yes, out there. If he made or extracted something here...steel, oil, coal, that competes with a foreign good, sure, he could profit by keeping those goods out. What tariff can you conceive that helps his real estate business?
Or any one of his other businesses? Give me a specific example and maybe your silly idea is less silly.

He personally admitted that he would profit if he won the office of president.

Well, duh. A two-bit governor from Arkansas and his drunk, bitter wife "made" half a billion?
More? Just by selling access and government favors and writing books for large advances.

I am guessing that he lacks the personal constraint to avoid pushing tariffs that would hurt his competitors

You are guessing. Not very well. Yet. So flesh it out.
Find a competitor and a tariff that hurts them and not Trump.

 

[Onyx]

How is a tariff different than an "offshoring tax"?

Seriously?

A tariff is a tax on the importation and exportation of goods. An offshoring tax, which is not very popular, is a financial penalty imposed on national corporations that manufacture overseas.

One makes foreign goods less attractive to US consumers, the other makes it less likely for a US producer to bring in foreign goods...branded as US products.

In doing so (former), it ends up phasing some products out of the market altogether. It is not just consumers that get penalized for tariffs. Many companies rely on foreign materials to manufacture their own products.

Coca Cola and Pepsi for example, are hurt due to the economic sanctions put on Sudan, since they rely on an ingredient known as Arabic Gum to produce soda.

Yes, out there. If he made or extracted something here...steel, oil, coal, that competes with a foreign good, sure, he could profit by keeping those goods out. What tariff can you conceive that helps his real estate business?

It is more about how his competition would lose profits if he imposed tariffs. One of the Trump Organizations major competitors is the Rockefeller Group, which receives foreign materials to use in their development projects.

You are guessing. Not very well. Yet. So flesh it out.
Find a competitor and a tariff that hurts them and not Trump.

In addition to the example I already gave you, I shall push some more logic into your echo chamber.

He is in competition with the Starwood Capital Group, which is a venture capital and investment firm that produces major profits overseas. They likely make a lot of their money on companies that ship into the United States.

Trump has a lot of options as far as tarriffs go. He primarily imports steel, but his competitors rely on trade a lot more than he does.

 

[Toddsterpatriot]

How is a tariff different than an "offshoring tax"?

Seriously?

A tariff is a tax on the importation and exportation of goods. An offshoring tax, which is not very popular, is a financial penalty imposed on national corporations that manufacture overseas.

One makes foreign goods less attractive to US consumers, the other makes it less likely for a US producer to bring in foreign goods...branded as US products.

In doing so (former), it ends up phasing some products out of the market altogether. It is not just consumers that get penalized for tariffs. Many companies rely on foreign materials to manufacture their own products.

Coca Cola and Pepsi for example, are hurt due to the economic sanctions put on Sudan, since they rely on an ingredient known as Arabic Gum to produce soda.

Yes, out there. If he made or extracted something here...steel, oil, coal, that competes with a foreign good, sure, he could profit by keeping those goods out. What tariff can you conceive that helps his real estate business?

It is more about how his competition would lose profits if he imposed tariffs. One of the Trump Organizations major competitors is the Rockefeller Group, which receives foreign materials to use in their development projects.

You are guessing. Not very well. Yet. So flesh it out.
Find a competitor and a tariff that hurts them and not Trump.

In addition to the example I already gave you, I shall push some more logic into your echo chamber.

He is in competition with the Starwood Capital Group, which is a venture capital and investment firm that produces major profits overseas. They likely make a lot of their money on companies that ship into the United States.

Trump has a lot of options as far as tarriffs go. He primarily imports steel, but his competitors rely on trade a lot more than he does.

A tariff is a tax on the importation and exportation of goods.

You have any examples of a tariff the US applies to exports?

An offshoring tax, which is not very popular, is a financial penalty imposed on national corporations that manufacture overseas.

Penalty imposed how? On the re-import of their product? Or a tax on their profits? Be specific.

It is more about how his competition would lose profits if he imposed tariffs. One of the Trump Organizations major competitors is the Rockefeller Group, which receives foreign materials to use in their development projects.

What foreign materials? What do they use that he doesn't?

He is in competition with the Starwood Capital Group, which is a venture capital and investment firm that produces major profits overseas. They likely make a lot of their money on companies that ship into the United States.

He wants to reduce taxes on repatriated earnings, so he'd be helping them.

He primarily imports steel, but his competitors rely on trade a lot more than he does.

If only you had convincing examples.

 

[Onyx]

Mate, I am happy to have discussions with you, but a healthy discussion goes both ways. Don't try and fuck around. It is pretty obvious that you are just going to keep asking beside the point questions that you already know the answers for (or can easily be found out), and have committed to just dismissing any and all evidence I do provide, since for whatever fucked up reason you tied your ego into this.

Meandering is a tool of intellectually dishonest idiots.

 

[EdwardBaiamonte]

Somehow Donald Trump has managed to get his tools fanatical about trade deficits.

Why? It does not signify lost money. What is the point of declaring a war on trade which is mutually profitable?

He does realize that the trade deficit was produced as a result of free association between capitalists? He does realize that those same capitalists chose to make those trades because it would produce them a profit?

What is his solution to this non-problem? Tariffs? Does he realize that tariffs limit trade, and therefore costs American jobs and raise prices on consumer goods? If he had his way, it would be the biggest tax on consumers in decades.

I have two theories on why Donald Trump is peddling this socialist anti-trade rhetoric. Either he would personally profit from instituting tariffs on certain industries, or he is just a straight up dipshit on economics. Take your pick.

Trump merely wants to redo the trade deals so that foreign markets are as open to our products as our markets are open to foreign products. Now do you understand?

 

[Onyx]

Trump merely wants to redo the trade deals so that foreign markets are as open to our products as our markets are open to foreign products. Now do you understand?

By instituting tariffs? Explain how that works, dipshit.

My god, I do not have time for you fucking morons today.

 

[EdwardBaiamonte]

Trump merely wants to redo the trade deals so that foreign markets are as open to our products as our markets are open to foreign products. Now do you understand?

By instituting tariffs? Explain how that works, dipshit.

My god, I do not have time for you fucking morons today.

I don't think he's for tariffs its just a great position from which to start. Do you understand?

 

[Onyx]

I don't think he's for tariffs its just a great position from which to start. Do you understand?

He said he was for instituting tariffs, so that means he is for tariffs. Duh!

A great position to start? How is risking a trade war and directly eliminating American jobs and profits a good position to start?

 

[EdwardBaiamonte]

He said he was for instituting tariffs, so that means he is for tariffs. Duh!

right, like politicians say what they mean!!! 1+1=2

 

[EdwardBaiamonte]

How is risking a trade war and directly eliminating American jobs and profits a good position to start?

the plan is to open foreign markets they way ours are open not to have a trade war or eliminate American jobs. Do you understand?

 

[Onyx]

right, like politicians say what they mean!!! 1+1=2

Why stay stupid shit like that if you are not planning on following through?

 

[Onyx]

the plan is to open foreign markets they way ours are open not to have a trade war or eliminate American jobs. Do you understand?

How does raising tariffs open foreign markets? Don't be a moron.

 

[EdwardBaiamonte]

the plan is to open foreign markets they way ours are open not to have a trade war or eliminate American jobs. Do you understand?

How does raising tariffs open foreign markets? Don't be a moron.

as I said the plan is to open markets not to raise tariffs. Do you understand now??