Trump says US will institute tariffs on steel and aluminum imports next week

#251
#251
I'm not in favor of broad tariffs, but people are definitely overreacting to this. And I certainly don't recall the left's outrage when Obama put tariffs on Chinese steel.
 
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#252
#252
golfballs said:
I'm not in favor of broad tariffs, but people are definitely overreacting to this. And I certainly don't recall the left's outrage when Obama put tariffs on Chinese steel.
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That's fair. Honestly, I think part of the reason there is such reaction to what Trump does is because he's a big mouth. Obama didn't tweet and blab about everything he did. Actually, I couldn't have told you that Obama put tariffs on China. Trump loves attention, and he gets it...good and bad.
 
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#253
#253
OuterBanksVol said:
Trade deficits are not necessarily bad. Trump doesn't understand this and is ignoring economists.

The Bottom Line

Economic theory suggests that persistent trade deficits will be detrimental to a nation's economic outlook by negatively impacting employment, growth, and devaluing its currency. The United States, as the world's largest deficit nation, has consistently proven these theories wrong. This may be due to the special status of the United States as the world's largest economy and the dollar as the world reserve currency.

Smaller countries certainly have experienced the negative effects that trade deficits can bring over time. Proponents of free markets, however, insist that any negative effects of trade deficits will correct themselves over time through exchange rate adjustments and through competition leading to a change in what a country produces. Large trade deficits may simply reflect consumer preferences and may not really matter much at all in the long run. Time will tell.



Read more: The Pros & Cons of a Trade Deficit | Investopedia The Pros & Cons of a Trade Deficit | Investopedia
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If he’s doing what economic theory suggests, it’s obviously false to claim he’s ignoring all economists.
 
#254
#254
Trump's throwing the tariff out there, to get reactions. It's a tool for negotiating, better fairer trade deals. It's funny how the unhinged anti-Trumpers and media still don't get Trump. They bark first, ask rational questions later. Lol, what foolish anti-Trump junkies, they'll never learn to remain calm.
 
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#255
#255
Vol_Doc said:
That's fair. Honestly, I think part of the reason there is such reaction to what Trump does is because he's a big mouth. Obama didn't tweet and blab about everything he did. Actually, I couldn't have told you that Obama put tariffs on China. Trump loves attention, and he gets it...good and bad.
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That has been his MO from the start. His positions seem over the top because they are over the top. It’s not where he plans to end up, it’s a starting point for negotiations.
 
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#256
#256
Already reading this morning about tariffs and NAFTA. Basically the tariff threat is the stick and renegotiating NAFTA is the carrot.

Shrewd negotiating plan if this works out so. Somebody posted a graph earlier that most of our imported steel came from on continent.
 
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#257
#257
Trump saying no exclusions on the tariffs (WSJ). Diversionary tactic to get people to the table IMO. Time will tell.
 
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#258
#258
Vol737 said:
Trump saying no exclusions on the tariffs (WSJ). Diversionary tactic to get people to the table IMO. Time will tell.
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I have a feeling someone's going to call his bluff.
 
#259
#259
NorthDallas40 said:
Already reading this morning about tariffs and NAFTA. Basically the tariff threat is the stick and renegotiating NAFTA is the carrot.

Shrewd negotiating plan if this works out so. Somebody posted a graph earlier that most of our imported steel came from on continent.
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Yeah, that was me. So, is the consensus that this is actually about Canada and NAFTA, rather than China (as everyone has suggested)? Still don't agree, but would make more sense. The Canadians have basically said that this tariff talk is killing NAFTA negotiations.
 
#261
#261
Vol_Doc said:
Yeah, that was me. So, is the consensus that this is actually about Canada and NAFTA, rather than China (as everyone has suggested)? Still don't agree, but would make more sense. The Canadians have basically said that this tariff talk is killing NAFTA negotiations.
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Not trying to be an ass towards you but to hell with Canada’s statement on that. From where I’m sitting it seems like a valid tactic and them trying to discredit/discount it tells me it might be making them squirm. So pour on more steam I say.
 
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#262
#262
Septic said:
I have a feeling someone's going to call his bluff.
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I’m pretty sure North Korea will come out and state these tariffs unjustly impact the free trade between our two countries and is just more unwarranted aggression against the people of North Korea.
 
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#263
#263
It's funny how most people don't understand how sales works. If you want to sell someone, you have to be able to overcome ALL their objectives. Now everyone is learning how Trump rhetoric works...he disrupts, throws stuff out and starts the discussions, some of which go off on tangents of panic opinions. Then, he sees what 'comes out', he then learns more angles and objections, then armed with more knowledge, common sense hardball negotiations happen...he knows what he's doing, and the entrenched DC establishment just doesn't know how to handle the new way of doing presidential business. Maybe they'll learn to relax, but I doubt it.
 
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#264
#264
hog88 said:
I agree, we should be making moves to allow our employers to compete. Let’s start stripping regulations and employee benefits and protections.
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How do you deal with foreign companies that are supported by governments?
 
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#265
#265
Vol0725 said:
It's funny how most people don't understand how sales works. If you want to sell someone, you have to be able to overcome ALL their objectives. Now everyone is learning how Trump rhetoric works...he disrupts, throws stuff out and starts the discussions, some of which go off on tangents of panic opinions. Then, he sees what 'comes out', he then learns more angles and objections, then armed with more knowledge, common sense hardball negotiations happen...he knows what he's doing, and the entrenched DC establishment just doesn't know how to handle the new way of doing presidential business. Maybe they'll learn to relax, but I doubt it.
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The problem with all this is trading partners can see this is not a popular tariff and they also surely have economists telling them that the tariffs are not good for us, so they can easily see that Trump's negotiating position is weakened.

If he indeed has a master plan and is only using this tariff as a negotiating tactic, he's gambling with our economy and risking shooting us in the foot. It's like the kid at the store holding his breath 'til he's blue in the face so his parents buy him something.
 
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#271
#271
n_huffhines said:
The problem with all this is trading partners can see this is not a popular tariff and they also surely have economists telling them that the tariffs are not good for us, so they can easily see that Trump's negotiating position is weakened.

If he indeed has a master plan and is only using this tariff as a negotiating tactic, he's gambling with our economy and risking shooting us in the foot. It's like the kid at the store holding his breath 'til he's blue in the face so his parents buy him something.
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You've just proved my point. With only some of your first point, your second point was merely an opinion and tells me nothing substantive, other than you hate Trump.

Now I better know you're objectives and points of view, so if I had too, I could better use or understand how to constructively manipulate them to come to a deal or compromise.
 
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#274
#274
n_huffhines said:
The problem with all this is trading partners can see this is not a popular tariff and they also surely have economists telling them that the tariffs are not good for us, so they can easily see that Trump's negotiating position is weakened.

If he indeed has a master plan and is only using this tariff as a negotiating tactic, he's gambling with our economy and risking shooting us in the foot. It's like the kid at the store holding his breath 'til he's blue in the face so his parents buy him something.
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funny that their tariffs seem to be working for them, and that their economists apparently advised for them.
 
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