Trade Wars and Tariffs

[whodeycin85]

I accept that every where in the world is different. I accept that some places, much like us at one time, have an economy that requires child labor. They aren't working for fun. I'd prefer for them to not starve.

Fair enough...I'd prefer that as well .but as you said everywhere is different. So are you of the idea that these countries are ever get rid of slave or child labor??? Or do you think that will remain the status quo for say your lifetime???

 

[whodeycin85]

On the whole I agree there is some short sighted-ness based on moving all the jobs offshore because you lose that income base to buy your products. but I think its foolish to think all or even most of the jobs would come back.

I think one of the best options will be AI and robots, and that will come down to energy costs.

as far as FP I would go by trends. Trump is probably more of a bump in the road rather than a change in direction. I think if it was anyone but Trump, due to the base reaction against Trump; and if things had been more smooth, the tariffs could have been a long term thing. but I think the general handling of them have been bad enough where even if the impact isn't felt by consumers the decisions makers will pull away from any large reliance on tariffs as FP tools or the basis of most federal tax dollars.

I am still on record with this take on Trump. I don't think the worst part of what he is doing is WHAT he is doing; but HOW he is doing it.

Fair enough and I agree..anyone else but Trump and these would barley be a blip on the radar...I think I just don't buy into the constant fear mongering with everything he does or says...when the actual results Hardley ever end up like they say they will.

 

[lawgator1]

sounds like a bad idea for the Chinese company to make that jump. And given that countries that utilize slave labor and child labor (I know your love you cheap and child labor) they should be tarriffs higher..I mean if we are for all people in the world .I'd gladly pay more to know some staging child didn't work 16 hours mare 25cents just to make a product..

Cheap labor? Do you not get why we import so much more than we export? It is exactly for that reason.

You can't have it both ways. You can't seek to increase the cost of foreign goods to make up for their cost of labor advantage by making their prices higher relative to ours, and on the other hand say this has no effect on long term inflation.

We'd either have to lower our worker salaries and compensation to be competitive with the foreign competition, or drive up the competitor prices so high based on tariffs as to equal what we charge for the same product made here. Good luck with either of those!

 

[hog88]

So you good with that child and his family, starving to death, bc without his income they can't eat?

Why do you think the kids work? For fun?

The family is screwed wothout that income. Same reason American children worked at young ages back in the day

Seriously? You can come up with a better argument than this tripe.

 

[whodeycin85]

Cheap labor? Do you not get why we import so much more than we export? It is exactly for that reason.

You can't have it both ways. You can't seek to increase the cost of foreign goods to make up for their cost of labor advantage by making their prices higher relative to ours, and on the other hand say this has no effect on long term inflation.

We'd either have to lower our worker salaries and compensation to be competitive with the foreign competition, or drive up the competitor prices so high based on tariffs as to equal what we charge for the same product made here. Good luck with either of those!

That's exactly the point we as Americans are so spoiled and entitled we either need to accept that slavery and child labor happens and accept and drop it...or we need to condemn it totally and not support it in the name of cheap products.

 

[CobbVol]

I accept that every where in the world is different. I accept that some places, much like us at one time, have an economy that requires child labor. They aren't working for fun. I'd prefer for them to not starve.

Same here. I don't want them to starve, but we are not in a position to feed them with our debt and domestic issues. Their governments will need to take that on.

 

[Orangeburst]

I was told we couldnt bring manufacturing back..

 

[MontyPython]

99% not the problem. My company owns two of the largest fine dinning steak houses and the second largest casual dinning steakhouse. The Publix meat guy has his head up his ass. At best a minor contributing factor.

Which this, surprisingly, is good for us. Steak restaurants are killing it right now.

Happy for you brother, I stand corrected.

 

[NorthDallas40]

I was told we couldnt bring manufacturing back..

We are paying $20 an hour to burger flippers in some places. So no some manufacturing isn’t coming back. I have no desire to pay $30 a pair for my Fruits TYVM as where are are made currently can’t/won’t pay US burger flipping wages.

This is also why the US is more of a services driven economy now. Technical services. And we export that capability world wide where it’s needed.

 

[Orangeburst]

We are paying $20 an hour to burger flippers in some places. So no some manufacturing isn’t coming back. I have no desire to pay $30 a pair for my Fruits TYVM as where are are made currently can’t/won’t pay US burger flipping wages.

This is also why the US is more of a services driven economy now. Technical services. And we export that capability world wide where it’s needed.

EU is gonna invest $600B, and Japan. Fact of business, they want access to largest consumer market by value in world and are gonna invest if they want that market share.

 

[NorthDallas40]

EU is gonna invest $600B, and Japan. Fact of business, they want access to largest consumer market by value in world and are gonna invest if they want that market share.

Fact of business is those are high tech fields. Just like semiconductor fabs. Those were already coming back before this needless churning.

And I’ll wait and see exactly what the EU actually does. I can easily see some Japanese car mfgrs moving some operations here we are one of their largest markets. Some of those operations not all operations as related to multiple market products.

 

[Orangeburst]

Fact of business is those are high tech fields. Just like semiconductor fabs. Those were already coming back before this needless churning.

And I’ll wait and see exactly what the EU actually does. I can easily see some Japanese car mfgrs moving some operations here we are one of their largest markets. Some of those operations not all operations as related to multiple market products.

There have been over $1T in investments announced in past month. Those are just facts,

 

[NorthDallas40]

There have been over $1T in investments announced in past month.

Yep. And let’s revisit how many actually materialize after 2028 has come and gone. Hey I hope I’m wrong! Want to bet I’m not?

 

[lawgator1]

That's exactly the point we as Americans are so spoiled and entitled we either need to accept that slavery and child labor happens and accept and drop it...or we need to condemn it totally and not support it in the name of cheap products.

As I said... good luck with that.

 

[W.TN.Orange Blood]

 

[Orangeburst]

Yep. And let’s revisit how many actually materialize after 2028 has come and gone. Hey I hope I’m wrong! Want to bet I’m not?

So our trading partners are lying? Sure could be to ride out Trump, but if they dont start the spigot, I doubt Trump would ignore it for 3 years and could tariff them even higher.

 

[jmacvols1]

I mean it could be that the deep pocket MNCs like Toyota eat a portion of the tariff in the short run with an eye on 2028 and such tariffs getting chucked out the window.

However, an important note ignored in this equation: Domestic auto firms will be incentivized to raise their prices since their foreign competition will be pressured to do so, as well.

The big loser in this whole equation: car buyers.

 

[hog88]

So what's the real deal?

 

[NorthDallas40]

So our trading partners are lying? Sure could be to ride out Trump, but if they dont start the spigot, I doubt Trump would ignore it for 3 years and could tariff them even higher.

Oh I absolutely expect him to ignore it. And then blame it on the next admin when it doesn’t materialize. We already had this with a huge battery facility I think in WI? Or somewhere around there?

 

[NorthDallas40]

So what's the real deal?

They all saved 20% on their auto insurance by switching to GEICO

 

[MontyPython]

LOL. Mkay so yeah no rational CEO is gonna come out and publicly says "yeah, we're gonna raise our prices on you, John Q. Public." Yet the burgers get smaller and we pay more for less.

 

[volfanhill]

Seriously? You can come up with a better argument than this tripe.

I'm mocking him. No one is doing anything beneficial by not purchasing products from companies/countries that use child labor. It's how all economies start off. Especially when I can guarantee you he's using a phone that is made with child
Labor. It's stupid virtue signaling and patting one's self on the back behavior

 

[SpaceCoastVol]

I have many friends, of all political stripes. Most care only about the bottom line to them. Occasionally we dig deeper, and that is where the wheels tend to come off.

Not saying the same isn't true of my left-leaning friends, too. They tend to also think in simple absolutes, based on the way things are presented by whatever source they listen to.

I rarely listen to CNN now because their anti-Trump agenda is often so dominating of the conversation that they do not articulate facts accurately. Haven't watched Fox for years, because candidly they are far worse at "packaging" the facts in a slanted way. I like CNBC now, and I appreciate that the hosts don't hide their preferences and debate one another (and their guests) in an at least somewhat broader manner than sound bites.

Outside of Joe Kernan, and Becky to an extent, CNBC is a liberal echo chamber too.

 

[lawgator1]

Outside of Joe Kernan, and Becky to an extent, CNBC is a liberal echo chamber too.

Always seemed odd to me that these channels can't hire conservative men that aren't smug as fock. Kernen and Jennings. Always with a glib smirk on their faces. Just very off putting.

 

[volfanhill]

Always seemed odd to me that these channels can't hire conservative men that aren't smug as fock. Kernen and Jennings. Always with a glib smirk on their faces. Just very off putting.

They get hired for the smugness. Pissed the base off more. They tune in just to see what that smug SOB says next