Trade Wars and Tariffs

#101
#101
lawgator1 said:
One major economic calamity unfolding in Florida are the condo assessments being applied to buildings older than 30 years due to the collapse of the Surfside condo in Miami a few years back. The Legislature passed very high standards for them to be inspected and shored up, and for cost to be passed on as special assessments to the condo owners.

So, you had retirees from up north buy a condo 15 years or so ago for $250,000, live there, and then wham, a $100,000 assessment comes down the pike, and they are having to sell, sometimes at a loss, and in a market already saturated by new construction.
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As an owner I can tell you residents fight assessments tooth and nail and defer maintenance so in a lot of these cases they brought it upon themselves.
 
#103
#103
CagleMtnVol said:
Boom! The art of the deal!
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Chess, not checkers. We have a pretty good trade relationship and better balance of trade with them than we do China. Figured this had more to do with pushing them to control their side of the border and trafficking than trade. Good move.
 
#104
#104
InVOLuntary said:
I would never purchase a condo in Florida. I'm going the boat route. Don't like your neighbor, move in about 30 minutes and take your house with you.
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Wife and I came to the same conclusion. Find a place(s) we really like to spend a lot of time and buy a big cruiser. Just live in the boat when we go down.
 
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#105
#105
CagleMtnVol said:
Boom! The art of the deal!
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Makes you think.

This was easy for Trump to get done. What did that take, a few days?

Meanwhile Senile Joe sat back and did nothing as violent criminals and fentanyl poured into our country. Did he even attempt to leverage America’s strength, military, and/or economic power to do anything to stop it?
 
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#106
#106
Mexico is doing the right thing. Unfortunately, it seems that Canada would rather double down than actually attempt to fulfill Trump's requests.
 
#110
#110
gcbvol said:
Canada is just theater. I'm hopeful it's resolved quickly behind the scenes. Makes zero sense otherwise.
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I voted for Trump but I am concerned about it as well. Doesn't make sense to tariff Canada, just hurts both of us. I don't like the antagonizing towards them right now, even if Canada has been problematic.
 
#112
#112
n_huffhines said:
Not that we're gonna go to actual war with Canada or Mexico, but I think people forget that trade makes us friendlier and trading partners friendlier for self-interested reasons. Wanna ensure no war with China? Openly trade with China.

“When goods don’t cross borders, soldiers will" - Bastiat
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I think China is the perfect foil against Bastiat's argument. Everyone can be buddies, until vying for the same territory and resources, the primary source of wars. There is nothing friendly about the relationship with China to show for decades of Western investment and technology that lifted them from a backwater country.

I think a first step towards changing the world order in which Bastiat's and generally the Austrian school's view of such a world is feasible, is to begin with an adoption of the 2025 Fair Tax Act, or something quite similar. Make the U.S. a more desirable place for industry expansion, then you can begin to change the order. In the meantime, I think tariffs to achieve these national security and economic goals can be useful. This is not the time to take the short view.
 
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#113
#113
n_huffhines said:
Not that we're gonna go to actual war with Canada or Mexico, but I think people forget that trade makes us friendlier and trading partners friendlier for self-interested reasons. Wanna ensure no war with China? Openly trade with China.

“When goods don’t cross borders, soldiers will" - Bastiat

I thought the USMCA was the greatest trade deal of all time? Is Trump admitting it was a colossal failure by throwing it out the window 5 short years later?

Trump is a fkn joke and he thinks the economy is a toy to be played with.
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Somewhat. Tariffs are needed against China. I am seeing it right now in business where companies are shuttering all over Europe and struggling in US due to markets being overrun with cheaper Chinese and Indian products.

If you want USA to start paying employees $ 2-3 per hour to work in the manufacturing plants to compete with China, then sure drop tariffs.
 
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#114
#114
VOLS INC. said:
So he’s completely fine with drugs and gang members flowing into our country from Mexico. But if the price of perishable items from Mexico increase, such as beer and produce, he feels compelled to hold a press conference to warn America?
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As Marx stated "Corona is the opiate of Democrat voters".
Or something like that.
 
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#115
#115
VOLS INC. said:
Makes you think.

This was easy for Trump to get done. What did that take, a few days?

Meanwhile Senile Joe sat back and did nothing as violent criminals and fentanyl poured into our country. Did he even attempt to leverage America’s strength, military, and/or economic power to do anything to stop it?
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Why would Joe have done that? He liked the border as it was - millions of illegals streaming across every year, drugs, child trafficking and terrorists. It was all part of his playbook to destroy America.
 
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#116
#116
NCFisher said:
I think China is the perfect foil against Bastiat's argument. Everyone can be buddies, until vying for the same territory and resources, the primary source of wars. There is nothing friendly about the relationship with China to show for decades of Western investment and technology that lifted them from a backwater country.

I think a first step towards changing the world order in which Bastiat's and generally the Austrian school's view of such a world is feasible, is to begin with an adoption of the 2025 Fair Tax Act, or something quite similar. Make the U.S. a more desirable place for industry expansion, then you can begin to change the order. In the meantime, I think tariffs to achieve these national security and economic goals can be useful. This is not the time to take the short view.
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Good post but there is even more to it.

Even the Keynesian/Austrian thought was more centric towards there society and, if you study theories behind it, wasn't designed for all situations. Cost-cutting by companies has caused this (the Walmart effect). They wanted to cut costs to increase profit and so went to "low cost" countries. This has happened globally. Well no manufacturing in higher cost countries collapsed and you had layoffs. Well if people are not employed and not making $$$, they stop spending and stop buying your products in effect creating a vicious cycle for more cost cutting. Meanwhile, entire industries are now being monopolized in China and other low-cost countries.

I think about the 1950s and even times before that was that businesses focused on high pay of employees and hiring a lot of employees which create significantly more spending in the market. We all won.

Honestly, if rich people would start investing and buying more, the economy probably flips. USA will NEVER be as good as 1950s/1960 boon though because that was partly based off USA being one of the few manufacturing societies still intact after WW2.
 
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#120
#120
OrangeTsar said:
Will the haters EVER learn to cope with being WRONG? 😂
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This is the cycle. It happens all the time.

Trump does a thing. Or leftists do a thing to Trump.

They celebrate and/or panic and try to get everyone else to join in.

And when it’s all said and done. They celebrated and/or panicked for no reason. Trump wins. AND Trump gets stronger and they look more foolish.

Just stop! Why not try something else. Like joining the rest of us. MAGA!
 
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#121
#121
VOLS INC. said:
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Sweet; already breaking down the reciprocating tariff alliance with China and Canada.
This was going to happen, a resurrection from his first term. That and the deportations will prevent a lot of traffic through Mexico's Guatemalan border. Up to them whether they shutter that avenue again or allow a resident, immigrant horde to gather.
 
#122
#122
NCFisher said:
Sweet; already breaking down the reciprocating tariff alliance with China and Canada.
This was going to happen, a resurrection from his first term. That and the deportations will prevent a lot of traffic through Mexico's Guatemalan border. Up to them whether they shutter that avenue again or allow a resident, immigrant horde to gather.
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Its a great thing. Sounds like the US agreed to stop the flow of assault weapons into Mexico, so they can claim a win, too. It's how negotiations work.
 
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