The largest trade war in economic history

[Aglaopheme]

The swamp always does better when the economy is hurting.

The Trump administration initiated the dispute in April, announcing the tariffs and accusing China of using "unfair" tactics to build a large trade surplus with the U.S. and expropriating American technology.

The White House has also pressed Congress to tighten rules on Chinese investment in U.S. technology.

Nonetheless, despite the urging of business groups and lawmakers to negotiate a truce, there was little sign Friday that the two sides would reach a compromise anytime soon.

Beijing and Washington have held several rounds of high-level talks since early May, but the Trump administration has since said it is considering expanding the list of targeted Chinese imports. Trump said Thursday that another $16 billion of tariffs are expected to go into effect in two weeks, before ratcheting up the stakes to warn that measures totaling $500 billion in Chinese goods could soon come into force.
External observers have widely criticized this approach, saying such protectionist rhetoric undermines free trade policies that have shaped the global exchange of goods in recent decades.

 

[HisArpy]

Most of those opining in this area have no fucking clue what they're talking about.

it doesn't make a hill of beans if China or any of the other nations who are jumping on the bandwagon add MORE tariff's to US products they ALREADY tariff sky high.

Does anyone really think that Canada increasing their tariff on US dairy products from 285% to 300% will affect the amount of US dairy products that we're exporting to Canada?

China's new tariff's are the same sort of sleight of hand. They're tariffing US exported SUV's which China doesn't allow to be imported in great numbers anyway.

Big fucking deal. But the pundits, and morons who listen to them and believe every word they say, think that it's the end of the economic world.

 

[WoundedKnee]

It is not.

You do not understand history.

Go back to 1850 and the Sophisms of the Protectionists.

 

[WoundedKnee]

Most of those opining in this area have no fucking clue what they're talking about.

it doesn't make a hill of beans if China or any of the other nations who are jumping on the bandwagon add MORE tariff's to US products they ALREADY tariff sky high.

Does anyone really think that Canada increasing their tariff on US dairy products from 285% to 300% will affect the amount of US dairy products that we're exporting to Canada?

China's new tariff's are the same sort of sleight of hand. They're tariffing US exported SUV's which China doesn't allow to be imported in great numbers anyway.

Big fucking deal. But the pundits, and morons who listen to them and believe every word they say, think that it's the end of the economic world.

 

[WoundedKnee]

It's like the current hysteria of a 100-200 point drop on the Dow.

They never talk about the percentage of the drop.

 

[Rightguide]

Lot's of economic ignorance inherent in the left. They've become ambivalent to being economically raped by foreign forces and now take comfort in just laying back and enjoying it.

 

[WoundedKnee]

Lot's of economic ignorance inherent in the left. They've become ambivalent to being economically raped by foreign forces and now take comfort in just laying back and enjoying it.

The trade wars in the age of Mercantilism were much greater than this slight escalation.

Let's talk purple dye and silk, if we want to talk about economic history...

 

[Rightguide]

The trade wars in the age of Mercantilism were much greater than this slight escalation.

Let's talk purple dye and silk, if we want to talk about economic history...

Let us not forget the prime source of federal funds up until the 16th Amendment was from tariffs.

 

[bbxii]

Meanwhile, in Germany, (for now) led by CuntMerkel they are talking about ELIMINATING all tarrifs on cars from teh US going there


StrongHorse Trump earned his name....

NnSquirting Woman ALGO has TDS, will be on front page attacking a 16 yr old with a MAGA hat

 

[nowisthetime]

I think most people will listen to you or read your posts without all that extraness.

It gets real tiring after a while.

Cunt this, nigger that, spic this, funny how you never use obscene words for whites or Jews, dude, at least be an equal opportunity offender.


Sometimes you have to master the art of subtlety.

 

[bbxii]

I think its time for your side to cunt the TDS shit and beating 16 yr old kids

 

[phrodeau]

Impose tariffs on imports, and economies plummet.

But impose a tax on guns, and the black market will entirely dodge them.

 

[bbxii]

I think most people will listen to you or read your posts without all that extraness.

It gets real tiring after a while.

Cunt this, nigger that, spic this, funny how you never use obscene words for whites or Jews, dude, at least be an equal opportunity offender.


Sometimes you have to master the art of subtlety.

is that what YOU think I do?

OFFEND?

I expected BETTER of you!

 

[Rightguide]

I think most people will listen to you or read your posts without all that extraness.

It gets real tiring after a while.

funny how you never use obscene words for whites or Jews, dude, at least be an equal opportunity offender.


Sometimes you have to master the art of subtlety.

We'll always have you to take care of those details.

 

[Amoebah]

The swamp always does better when the economy is hurting.

Your threads are a great service to those with no access to CNN.com.

 

[bbxii]

I think most people will listen to you or read your posts without all that extraness.

It gets real tiring after a while.

Cunt this, nigger that, spic this, funny how you never use obscene words for whites or Jews, dude, at least be an equal opportunity offender.


Sometimes you have to master the art of subtlety.

its sorta cute

how you scream PALIN, before the bodies drop, cause she had multiple ads

how you scream THE WHITE NRA when crazies kill people

and how you cunt bring yourself to stop teh RED HEN shit and attacking a 16 yr old kid

so cunt the sanctimonious double standard shit and go HUNT COPS to kill and then scream at COPS

 

[nowisthetime]

Your threads inspire a lot of discussion, but sometimes you don't ALWAYS have to be like,

"LOOK AT ME I CAN THROW OUT SLURS AND CURSE WORDS!"

This isn't an attack, this is an advice. But you're grown, so I can't control what you do. i think you put this act on only on the GB, I doubt you behave this way in real life.

 

[bbxii]

Your threads inspire a lot of discussion, but sometimes you don't ALWAYS have to be like,

"LOOK AT ME I CAN THROW OUT SLURS AND CURSE WORDS!"

This isn't an attack, this is an advice. But you're grown, so I can't control what you do. i think you put this act on only on the GB, I doubt you behave this way in real life.

You have SULLIED yourself BEYOND repair http://66.media.tumblr.com/tumblr_lqdvt0J0yy1r22a29o1_400.gifby the comment re Waters.......so dont lecture me with the BLACK WHITE cunt shit......you defended someone who INCITES violence with RACIST words

DONT LECTURE ME!

 

[RobDownSouth]

Most of those opining in this area have no fucking clue what they're talking about.

it doesn't make a hill of beans if China or any of the other nations who are jumping on the bandwagon add MORE tariff's to US products they ALREADY tariff sky high.

Timmeh, try peddling your fever dreams to Murican soybean farmers. China imports over half of the entire US soybean crop. They've just placed a 25% tariff on all soybean imports today.

The average soybean farmer has a profit margin of 8 to 10%. The new tariff effectively reduces their profit margin to zero.

Going to see quite a "hill of beans" here in Murica quite soon as soybeans rot in their silos.

And China knows exactly what they are doing: the average soybean farmer in Murica's breadbasket is a big Trump supporter. China is hitting Trump right in his core demographic.

By all means, though, keep insistin' like Trump that trade wars are eazy and kewl.

 

[bbxii]

Chinks can tax 50B

US can tax 500B

 

[Libsam]

This is great!
Now Trump has the left defending Walmart and all the Chinese made products sold there.

 

[nowisthetime]

This is great!
Now Trump has the left defending Walmart and all the Chinese made products sold there.

This is a game to you, isn't it?

 

[Libsam]

Timmeh, try peddling your fever dreams to Murican soybean farmers. China imports over half of the entire US soybean crop. They've just placed a 25% tariff on all soybean imports today.

The average soybean farmer has a profit margin of 8 to 10%. The new tariff effectively reduces their profit margin to zero.

Going to see quite a "hill of beans" here in Murica quite soon as soybeans rot in their silos.

And China knows exactly what they are doing: the average soybean farmer in Murica's breadbasket is a big Trump supporter. China is hitting Trump right in his core demographic.

By all means, though, keep insistin' like Trump that trade wars are eazy and kewl.

Soy Boy is worried about the cost of his soy.

 

[someoneyouknow]

So far, 12% of the largest nail manufacturer in the country have been laid off while most of the remaining employees have seen wage and hours cuts. The company says they may be out of business by Labor Day (i.e. 3 months from now).

The only U.S. manufacturer of kegs has laid off 1/3 of its workers because of the tariffs. (NOTE: the article has the wrong name for the town. It's Pottstown)

https://vinepair.com/booze-news/steel-keg-layoffs-trump-tariffs/

Harley Davidson is moving production overseas.

Farmers in the midwest are already finding they can't sell their soybeans or hogs to China because the prices have risen due to tariffs. They're looking for other buyers without much luck.

Farmers are already feeling the pain with canceled orders and falling commodity prices, without any promised relief, said Max Baucus, a former Democratic senator from Montana and ambassador to China. He’s co-chairman of Farmers for Free Trade, a non-profit group.

“For farmers across the country, the trade war is now getting real,” Baucus said in a statement.​

Most European and Asian car manufacturers who have factories in this country have said they may curtail or even relocate jobs out of the country if the tariffs are imposed.

http://www.businessinsider.com/trump-auto-car-tariffs-ford-bmw-gm-toyota-kia-reaction-2018-7

https://business.financialpost.com/transportation/its-a-nightmare-scenario-industry-experts-warn-of-effects-of-trumps-auto-tariffs

GM has already warned of job losses if the tariffs go through.

The cost of building a home has risen almost 5% due to increased material costs. Steel is in the same boat which means products using steel cost more.

“The impact has been dramatic in that the U.S. domestic mills raised their prices immediately after tariffs were announced back in February,” Ensing said. “The current domestic prices are now equivalent to the imported prices with the tariffs.”​

http://www.hollandsentinel.com/news/20180610/impacts-of-steel-and-aluminum-tariffs-already-felt-in-west-michigan

Companies complaining the cost of business is rising and they're passing on the increased cost to consumers:

https://www.bloomberg.com/news/articles/2018-07-05/u-s-industries-fear-worst-is-yet-to-come-from-trump-s-tariffs

Solar company laying off 150-250 people (3% of global workforce) due to tariffs. The solar industry in the U.S. employs more people than coal, oil, and gas, combined.

https://thinkprogress.org/sunpower-to-cut-us-solar-jobs-e41d0972aa0c/

Three tire cord manufacturers have said they will shut down if tariffs implemented. 1,500 people would be out of jobs.

https://www.themaven.net/mishtalk/economics/three-us-tire-chord-makers-threaten-to-close-doors-due-to-trump-tariffs-SH4Aykk1t0O4Ws9lqw0j_Q/

Even the Heritage Foundation, the organization which came up and pushed for the idea of mandated healthcare, lists all the negatives of increased tariffs.

https://www.heritage.org/taxes/commentary/trumps-tariffs-would-be-massive-self-inflicted-wound

But nope, the experts on here think it's great to raise prices, cut off markets for U.S. goods, and lose jobs.

 

[BotanyBoy]

Timmeh, try peddling your fever dreams to Murican soybean farmers.

You mean the ones that already depend on enormous gubbmint subsidies to exist??

Oh noes!

China imports over half of the entire US soybean crop. They've just placed a 25% tariff on all soybean imports today.

The average soybean farmer has a profit margin of 8 to 10%. The new tariff effectively reduces their profit margin to zero.

Going to see quite a "hill of beans" here in Murica quite soon as soybeans rot in their silos.

And if they are worth their weight in shit as a farmer they will grow something else next year and China will be the ones who are fucked.

And China knows exactly what they are doing: the average soybean farmer in Murica's breadbasket is a big Trump supporter. China is hitting Trump right in his core demographic.

By all means, though, keep insistin' like Trump that trade wars are eazy and kewl.

Keep cheering China!!! We know how much you hate the USA.

Trade wars are cool...lots of money to be made!!!