Trade Wars and Tariffs

#3,076
#3,076
n_huffhines said:
Of course. China is a country of a billion people which means they have IP theft, and there is no strong incentive for the government to spend a ton of resources to eliminate all international IP violations. We have IP violations all the time in the US, too. You think because China has IP theft that their government is doing nothing about it? That's not what's happening. It's not 0 enforcement right now. It's inconsistent enforcement....which will always be a problem everywhere.
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Wow! You're particularly clueless on this topic.
 
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#3,078
#3,078
volbound1700 said:
Good take. We are in trouble with the low wage nations. They are taking jobs and to compete you either have to automate or reduce minimal wage to $ 5 per hour. Anyone up for the later?

I just got pressure tonight about India source that is literally charging such an absurd price for a product that I don't think it is real. It is sad because I used to have diversified supply base globally. Now it is all in East or South Asia. No one in Europe, USA, Japan, Latin America, etc. can compete anymore.
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That goes back to inflation and failure to control it - in this case specifically wage inflation. Spiraling upward costs and the demand for matching wages are like the dog chasing its tail and the chicken and egg. Nothing good can come of playing the dizzy game and often it's impossible to figure out what started it. You almost have to believe that some countries are too backward or manipulated to get into the mess that we and others get ourselves into. For one we have organized labor and politicians willing to trade sound fiscal management for votes, so the fuel is always ready to throw on the flames. It seems like we really have no one but ourselves to blame for the labor rate disparity. The question is when and how do we pay the piper.

One of the most significant driving factors, though, is energy cost; and we've been screwing around regularly and spectacularly failing with that one. We can blame OPEC, for example; but when we could be energy self sufficient and less volatile if we decoupled our energy needs from the world commodities market, it's really hard to blame others. There are extenuating circumstances like hurricanes and refineries in their path, but much of the energy cost volatility is manmade. Energy cost can drive the price of a single item multiple times by the time you factor in production, transportation, and distribution; often less developed and simpler societies are less affected by the energy input. Throw in environmentalism as a religion we practice and third world countries don't and you have a massive labor cost disparity driver. Unless and until we actually quit playing funky economic games and really agree to study and understand economic drivers, their coupling, and feedback and control mechanisms, we are screwed.

Economists play constant games with their derived values (GDP, this rate - that rate, etc), but until they take a realistic look at real world matters such as how investment markets siphon wealth and value from real supply and production markets and the interrelationships of real products and their driving force, it's all drivia (drivel and trivia). Energy whether nuclear, fossil, or other is the lubrication of a modern society; anything that increases friction makes the system less efficient - raises costs. Investment market costs that are driven solely to siphon off income rather than effect efficient trade are another leading source of friction - you can't steal heat, energy, or monetary value without affecting efficiency and production cost; and that's a lesson no one seems to learn or be willing to learn.
 
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#3,079
#3,079
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#3,081
#3,081
Vol737 said:
Burns me up to see laziness from people that refuse to take the time to dispose of their trash when using our lakes and rivers. Was returning to my marina one day and the a couple of small grocery (trash) bags flew out the back of a boat in front of me. They all saw it and laughed it off. I picked it up and returned it to them when I saw they had gone back to my marina. Just dropped it at their feet and said “you lost something”. It’s like the guys that walk into a men’s room, 10 vacant urinals on the wall and they decide to go in a stall and p!$$ all over the toilet seats…., but I digress.
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Reminds me of this pic I took in a restroom in Dubai a couple of months ago.


IMG_0225.jpeg
 
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#3,083
#3,083
EasternVol said:
It seems like they could make up for the loss of our exports if needed. At least Wells Fargo thinks so. The paragraph after the 4th graph Gross Production Value Agricultural Commodities in the link below refers.

China’s Future Role in U.S. Exports - Wells Fargo Commercial

China has had an outsized influence on U.S. agriculture for the last two decades.
www.wellsfargo.com www.wellsfargo.com
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I disagree with the article. they ended by saying they were able to cut reliance on US food in 2018 & 2019 without seeing any "undue" internal pressure. but they also note how after the trade spats ended they went right back to importing from the US. seems strange if things were really fine considering the higher cost of imports.

that was right during the protests, and all the mistreatment of the ethnic muslims in their west that was covered up by Covid. yeah they weren't food riots, but I think its naive to assume lack of food didn't increase "internal pressure".

I will admit its hard to get honest numbers out of their central government to really know, but things tend to stay suspiciously at whatever "acceptable" level the government sets indefinitely, no matter what goes on in the world/country. Like their reported "hunger statistics" have stayed at 2.5% for the better part of a decade, even during Covid.
 
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#3,085
#3,085
jmacvols1 said:
I got richer (on peper) yesterday with no inside trading information.

schwabb owns millions/billions of dollars worth of stock so of course he got richer without having to buy a single share.

how many dump truck loads of hypocrisy from Dems in Congress who have made miilions off of inside information.
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I mean technically I did too, but because I earned a little bit back of the sh!tload I lost..
 
#3,086
#3,086
“A big day yesterday. There will always be transition difficulty – but in history, it was the biggest day in history, the markets. So we’re very, very happy with the way the country is running. We’re trying to get the world to treat us fairly,” Trump said in the Cabinet Room.

JFC.
 
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#3,087
#3,087
FLVOL_79 said:
Did Trump really tell people to buy stocks before chickensh!tting out on his terrible tariffs idea?
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Pretty sure Trump made a comment about time to get rich when he started the tariff BS. Guess maybe we just didn't understand the how behind the plan. The other little thing is the who part - like the industrial strength investors are always the one who benefit the most, and that doesn't include probably 99% of the population.
 
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#3,090
#3,090
Would y'all quit fussing and raising h3ll about stuff none of you can do anything about and get on board with what is really important?

They may be about to do away with time changing, although to be determined if we're going standard or staying with DST. WW1 may finally stop killing people.
 
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#3,092
#3,092
When the announcement was made yesterday investors saw it as a real pause but then realized the tariffs versus China, which are the most significant, stay in place, and for other countries many other new tariffs remain. The announcement yesterday turned out to be a bit of a head fake.

In a way, given Trump's propensity to exaggerate or simply lie, it's on the investors for having fallen for his nonsense once again.
 
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#3,093
#3,093
LouderVol said:
1.5 was back in the twenty teens. there was a more recent case where they won like 3 million.

and they only won because New Balance was going to pull out of China if the cases wasn't addressed. the Chinese copycat essentially just opened up another copycat, and made enough money to cover the lawsuit before the Chinese actually did anything to stop them.
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How did you arrive at that conclusion? Why does the Chinese government care if New Balance pulls out if they're all about stealing IP? That doesn't add up.
 
#3,095
#3,095
n_huffhines said:
How did you arrive at that conclusion? Why does the Chinese government care if New Balance pulls out if they're all about stealing IP? That doesn't add up.
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Are you being dense on purpose? The knock offs were never going to operate/spend/make as much as the actual brand. New Balances are mostly still made in China, its likely how the IP got stolen.

New Balance was never going to be replaced by one of these guys, its a global brand. New Balance was a much much much bigger market share than those two companies combined.

as I said, China is only about making their set goals. in whatever way that takes. before New Balance figured it out, the chinese were padding their numbers with the knockoffs. once it was caught China risked losing the bigger brand, which would have dwarfed any of the gains from keeping the knockoffs.

This is like asking why Coca Cola is more important to the US economy than the knock off brand Dr K.
 
#3,096
#3,096
LouderVol said:
Are you being dense on purpose? The knock offs were never going to operate/spend/make as much as the actual brand. New Balances are mostly still made in China, its likely how the IP got stolen.

New Balance was never going to be replaced by one of these guys, its a global brand. New Balance was a much much much bigger market share than those two companies combined.

as I said, China is only about making their set goals. in whatever way that takes. before New Balance figured it out, the chinese were padding their numbers with the knockoffs. once it was caught China risked losing the bigger brand, which would have dwarfed any of the gains from keeping the knockoffs.

This is like asking why Coca Cola is more important to the US economy than the knock off brand Dr K.
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You may be right about that. I didn't think of it in terms of manufacturing because I was under the impression that they are made in the US. It also would be nice for you to answer my question and demonstrate how you arrived at the conclusion? Is it just conjecture? Because I can't find that New Balance threatened to leave the Chinese market. It feels like you just made it up based on what you think is a logical conclusion?
 
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#3,097
#3,097
FLVOL_79 said:
“A big day yesterday. There will always be transition difficulty – but in history, it was the biggest day in history, the markets. So we’re very, very happy with the way the country is running. We’re trying to get the world to treat us fairly,” Trump said in the Cabinet Room.

JFC.
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lol I think @NorthDallas40 predicted this
 
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#3,099
#3,099
Would people prefer trump stick with the tariffs or does he get credit for making the correction and pausing then?
 
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