Trade Wars and Tariffs

#4,154
#4,154
Ashevolle said:
If being owned by China means we have the world's largest economy and per capita highest standard of living in the world, sign me up. Sorry you're unhappy with the way things were before Trump but life was plenty good for me.
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I should send you my tax returns.
 
#4,155
#4,155
BernardKingGOAT said:
It's not either/or. It should be done in moderation with a few countries. International trade negotiation technique is entirely different than real estate negotiation technique.
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Maybe, maybe not.

You have to change your workout in the gym up or you get stale and the effectiveness of said workout is lessened.
 
#4,159
#4,159
volbound1700 said:
It is widespread in a lot of industries. The reason that I point out Procurement is that you can see that. Granted, some of it could even go back 20+ years.

I have pointed example after example of all the major Automotive Companies struggling the last year and doing layoffs. Whether you look at BMW, Ford, GM, Nissan, Honda, Stellantis, etc. They all ran layoffs. Look all over Nashville area right now. Dollar General, Nissan, Bridgestone, Brooksdale, Phillips, Electrolux, etc. The only local company that I have heard is doing someone alright is Schneider Electric. All of them have reduced staffing, closed sites, freezed hiring, etc. These actions were occurring even before Trump was elected (I also don't think it is fair to blame Biden for all of this as this decline has been occurring for over 20+ years).

You can't compete against $ 5 per hour workers.

You idiots don't realize that if this continues, we will have to drop minimal wage out of necessity. Service Industry will go next and it is already in decline because young people don't have money to actual buy products (or houses, cars, etc.). There has been some change in Corporate philosophy towards more localization of supply, even at higher costs, for efficiency (they call it Sustainability) but it isn't a lot.

Also, I love how you point out 1960s. Go to Detroit in 1960s or Akron (Tire City) and compare with the modern era.

Frankly, the big moment that everything started to go downhill for USA was when Nixon visited China and opened them up.
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This is left wing nonsense. The whiney, nonsense claim, that somehow life is so much harder because they were born today rather than in year/decade x
 
#4,160
#4,160
Vol8188 said:
This is left wing nonsense. The whiney, nonsense claim, that somehow life is so much harder because they were born today rather than in year/decade x
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The US Economy is no where near what it was even 10+ years ago because of the impact of Asia. Every industry has shrunk (less jobs, less manufacturing, delapotated cities, failing infrastructure, etc.).

VolNation must have some of the biggest idiots on here because pretty much most people I run into (as well as voters) all agree that the USA is in worse shape today than in the past. The fact that I have, at least, two posters on here arguing other wise boggles my mind.
 
#4,161
#4,161
volbound1700 said:
The US Economy is no where near what it was even 10+ years ago because of the impact of Asia. Every industry has shrunk (less jobs, less manufacturing, delapotated cities, failing infrastructure, etc.).

VolNation must have some of the biggest idiots on here because pretty much most people I run into (as well as voters) all agree that the USA is in worse shape today than in the past. The fact that I have, at least, two posters on here arguing other wise boggles my mind.
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Perhaps you should stop getting your facts from random people on the street and rather you could try looking at actual economic data
 
#4,162
#4,162
Vol8188 said:
Perhaps you should stop getting your facts from random people on the street and rather you could try looking at actual economic data
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Pretty much 90% of America disagrees with your take but stick with it. All national polling supports it. Also, the people that I am talking about actually work in Corporate America.

You are wrong, just admit it.
 
#4,163
#4,163
Query: did Trump at the beginning of the tariff process understand that when he imposes a tariff against China it's the American people that pay it, not China.

I genuinely think he may not have.
 
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#4,164
#4,164
volbound1700 said:
Pretty much 90% of America disagrees with your take but stick with it. All national polling supports it. Also, the people that I am talking about actually work in Corporate America.

You are wrong, just admit it.
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My would you look at polls rather than data? No one cares how you feel. This is trash, left wing “logic”. All available data says you’re wrong and you know it. That’s why you refuse to post actual data


1746141610158.jpeg
 
#4,165
#4,165
lawgator1 said:
Query: did Trump at the beginning of the tariff process understand that when he imposes a tariff against China it's the American people that pay it, not China.

I genuinely think he may not have.
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And yet this same understanding escapes those who want (increases in) corporate taxes.
 
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#4,166
#4,166
lawgator1 said:
Query: did Trump at the beginning of the tariff process understand that when he imposes a tariff against China it's the American people that pay it, not China.

I genuinely think he may not have.
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When you increase penalties on gun owners, black men disproportionately pay it.

Are you still in support?
 
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#4,167
#4,167
For the "things are fine" and "China isn't a threat" crowd. Just picking the automotive and tire industry. I love Bridgestone calling it out that "low cost" Asian products are running everyone out of business. Continental Tire also cited to a similar thing in their Financial Report.

www.moderntiredealer.com

Bridgestone Posts Full-Year 2024 Results

Bridgestone Corp. posted global revenue of $28.9 billion during 2024, up on a year-over-year basis.
www.moderntiredealer.com www.moderntiredealer.com

1746141401390.png


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global.nissannews.com

www.michelin.com

2024 Annual Results | Michelin

Group sales and segment operating income were supported by a powerful improvement in the mix, despite soft tire volumes.
www.michelin.com

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www.tirebusiness.com

Chairman’s Letter - Continental Group - 2024 Annual Report

Continental posted good results for 2024 as a whole and initiated the realignment of the company.
annualreport.continental.com annualreport.continental.com

www.stellantis.com

Full Year 2024 Results

Stellantis Delivers Full Year 2024 Results Consistent with Updated Financial Guidance; Expects Return to Profitabl
www.stellantis.com www.stellantis.com

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www.cnn.com

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investor.gm.com

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www.reuters.com

Note from Google AI:

The automotive industry is experiencing widespread layoffs due to a combination of factors, including the transition to electric vehicles, market fluctuations, and rising global competition. Major automakers like Ford, General Motors, Stellantis, and Volkswagen are all cutting jobs and closing plants.

The rising global competition being China.
 
#4,168
#4,168
Vol8188 said:
My would you look at polls rather than data? No one cares how you feel. This is trash, left wing “logic”. All available data says you’re wrong and you know it. That’s why you refuse to post actual data


View attachment 739387
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www.ipsos.com


derrr.... also go read public Financial Filings. I just posted several from Automotive and Tire Industry for you to read.
 
#4,169
#4,169
volbound1700 said:

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www.ipsos.com


derrr.... also go read public Financial Filings. I just posted several from Automotive and Tire Industry for you to read.
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An opinion poll and 1 industry? That’s your comeback?

I don’t care how people feel. That’s not the question. Nor do I care if one specific industry has issues.

Is the overall economy growing? Are people better off today? The answer to both over the long run is yes. You know that too. That’s why you refuse to address reality and instead keep discussing “feelings” like a 3rd grade girl
 
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#4,170
#4,170
Vol8188 said:
An opinion poll and 1 industry? That’s your comeback?

I don’t care how people feel. That’s not the question. Nor do I care if one specific industry has issues.

Is the overall economy growing? Are people better off today? The answer to both over the long run is yes. You know that too. That’s why you refuse to address reality and instead keep discussing “feelings” like a 3rd grade girl
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In 1980 I was happy as a cat with a mouse, free and had all the money I could possibly use. of course I was 10 but…
 
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#4,171
#4,171
Vol8188 said:
Perhaps you should stop getting your facts from random people on the street and rather you could try looking at actual economic data
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The monster difference between now and the 1960's is that in the 1960's you mostly had single income families. These days, most couples are dual income families.
 
#4,172
#4,172
Vol423 said:
The monster difference between now and the 1960's is that in the 1960's you mostly had single income families. These days, most couples are dual income families.
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And yet even if you look at individual income adjusted for inflation, it’s still higher today.

It’s an absolute falsehood that people were better off in terms of standard of living

One easy example of this is the time price of various goods. Nearly across the board the average time worked to afford a good is significantly lower today than in 1960.

Not only that, but the goods are significantly better.
 
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#4,173
#4,173
lawgator1 said:
Query: did Trump at the beginning of the tariff process understand that when he imposes a tariff against China it's the American people that pay it, not China.

I genuinely think he may not have.
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Trump knows about tariffs that you every will. He deals with manufacturing and material costs every day, I'd say he's pretty intune with imports.
 
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