Trade Wars and Tariffs

#1,276
#1,276
jmacvols1 said:
only dummies listening to left wing propaganda media are selling and will lose money


"anti-American sell off"





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I'm not selling, but I'm not putting anymore money in the US market.
Much better opportunities moving forward. It was a good run.
 
#1,277
#1,277
Tin Man said:
WWII and the dominance of the US (the 48 being untouched by war and cranked up industrially) post-war, the devastation across the globe, the Marshal plan, the reconstruction of Japan allowed the US to convert from war production to domestic production made the US dollar the de facto world reserve currency. Our continuing economic strength has kept it so. International markets continue to use the US dollar as a basis for valuation and exchange (especially in oil). Being the dominant market everyone wants to sell into means most countries have and/or want to have US dollars and dollar based equivalents. Though there have been attempts in recent decades to establish the euro and the renminbi as bases of international exchange, they’ve not been successful in displacing the US dollar. If this happens, the US would need to build established reserves of foreign currency to effectively participate in global markets. We don’t want this to happen. We would be the poorer for it. That’s as much as I can post here and now. Presently, I don’t foresee the US dollar being displaced, but I would hate for it to happen. For one thing, everyone has US dollar reserves that they don’t want devalued.
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Agree. However, as long as the USA retains its territorial integrity (especially with the 48 states), we will always be a major player. The geography of the United States is better situation than any other nation. We have a better river network, the most abundant open farmlands of any nation on the globe, ample natural resources, etc.

Geographically, the USA is in the best position of any nation on the Globe. The only negative (which is sometimes a positive, especially in wars) is our isolation. The oceans really separate the USA from the Eurasian region. It has also always helped frame our interactions as we don't have to be as careful on diplomacy as others.
 
#1,278
#1,278
hog88 said:
American manufactures have models that are small and fuel efficient. They even make specific models for various foreign markets. In Australia you can buy a Ford Ranger with a diesel engine, you're not going to find one here.
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Ford Ranger was the best-selling compact truck in Asia when it wasn't even relevant in the US market.
 
#1,279
#1,279
volbound1700 said:
Agree. However, as long as the USA retains its territorial integrity (especially with the 48 states), we will always be a major player. The geography of the United States is better situation than any other nation. We have a better river network, the most abundant open farmlands of any nation on the globe, ample natural resources, etc.

Geographically, the USA is in the best position of any nation on the Globe. The only negative (which is sometimes a positive, especially in wars) is our isolation. The oceans really separate the USA from the Eurasian region. It has also always helped frame our interactions as we don't have to be as careful on diplomacy as others.
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That's thinking of the World in 1920s terms. And is likely where we are headed.
 
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#1,280
#1,280
Tin Man said:
WWII and the dominance of the US (the 48 being untouched by war and cranked up industrially) post-war, the devastation across the globe, the Marshal plan, the reconstruction of Japan allowed the US to convert from war production to domestic production made the US dollar the de facto world reserve currency. Our continuing economic strength has kept it so. International markets continue to use the US dollar as a basis for valuation and exchange (especially in oil). Being the dominant market everyone wants to sell into means most countries have and/or want to have US dollars and dollar based equivalents. Though there have been attempts in recent decades to establish the euro and the renminbi as bases of international exchange, they’ve not been successful in displacing the US dollar. If this happens, the US would need to build established reserves of foreign currency to effectively participate in global markets. We don’t want this to happen. We would be the poorer for it. That’s as much as I can post here and now. Presently, I don’t foresee the US dollar being displaced, but I would hate for it to happen. For one thing, everyone has US dollar reserves that they don’t want devalued.
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Thanks.

Would the value go to zero? If not, how much value would be lost? And would that be a permanent devaluation?
 
#1,286
#1,286
McDad said:
Thanks.

Would the value go to zero? If not, how much value would be lost? And would that be a permanent devaluation?
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We will never be a third world nation. We will always be a market others wish to sell into. However, the displacement of the US dollar as the base currency for international trade would have significant ramifications for our future growth and the ability of our government to meet future crises. For one, I don’t want to be dependent upon the value and ability to acquire and hold reserves of another currency. 🇺🇸
 
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#1,287
#1,287
Sandman 423 said:
Does that mean all the righties here are turn of the century Democrats?
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If your (not you, but anybody) defense of something is that Nancy Pelosi flip-flopped on the issue, that means you have no substance to your position.
 
#1,288
#1,288
One thing to consider, world wide demand for US dollars and dollar equivalents has absorbed much of our government’s deficit spending. We’ve not felt the impact of this as we would if the dollar were to be displaced.
 
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#1,295
#1,295
lawgator1 said:
That's thinking of the World in 1920s terms. And is likely where we are headed.
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Well 1930s tends to be more what I am thinking and I get that vibe. We won't exactly have the same players or parties but the economic challenges will lead to radicalization and growth of Communist and Fascist regimes similar to 1930s.

No one will 100% emulate Nazi Germany or Stalin's Russia because they are recognized as bad regimes. It will be something new.
 
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#1,296
#1,296
evillawyer said:
#AreWeWinningYet?

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Canada and EU keep talking tough but then caving. Canada has a major Alberta problem. If they don't play ball, Alberta is going to try to leave them and may take other provinces with them. I have been watching video after video about it.

Not sure if Alberta will 100% join the USA but there is definitely frustration between Alberta and Ottawa right now that is blowing up.
 
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#1,298
#1,298
MercyPercy said:
The reason you don't see American cars in Europe is because we build giant gas guzzlers that would struggle to navigate a lot of old european streets AND they're paying a **** load more for gas. It doesn't take a rocket scientist to figure out. What are we doing to solve for those factors if we want to to be a force in their market?
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That's an interesting story. Did you know the best selling car in the UK in '24 was the Ford Puma? I know they were originally built (starting several years ago) in Romania. Not 100% sure now though.
 
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#1,300
#1,300
volbound1700 said:
Do you read the news? It has been devaluing vs US Dollar for some time. EU nearly crashed with the Greece incident several years back. Many of its member nations are in massive debt, manufacturing is in decline across Europe, job availability for young people is scarce. Situation isn't great there. Granted, we have many of those problems in USA as well.
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I'm familiar with the exchange rates. It's been fairly stable against the USD and Euro Currency Index the last 10 years or so. Europe's not quite the basket case a lot of people think or hope that it is.
 
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