Are the new tariffs the first real test for Trump loyalists

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Replies

  • earlyagainearlyagain Posts: 950 Senior Member
    Absolutely.
    Seems like a benefit of fiat currency.

    I suppose now the question is if the future sees us in a light of self preservation or exploitive.
  • FisheadgibFisheadgib Senior Member Posts: 5,115 Senior Member
    HappySquid said:m


    China OWNS the US 

    sorry to mention this
    China "OWNS" a debt, not the US nor do they have any control over how our country is goverened. Not sorry to mention that.
    snake284 wrote: »
    For my point of view, cpj is a lot like me
    .
  • bisleybisley Senior Member Posts: 9,904 Senior Member
    Good point, early.

    Right now, everyone has their feelings hurt, because we have a president who demands they pull their own weight. If we compromise in a way that helps us, and doesn't put too much of a burden on our trading partners, things will smooth out and everyone will adjust, as needed...and everyone will be put on notice that we aren't 'bending over' for anybody, henceforth. It's only fair to us, as taxpayers, and is not unfair to anyone else.

    Of course, we are looking at the realities, whereas left-of-center politicians are thinking about how to make us view it through their class-envy' focused 'lens.'
  • alphasigmookiealphasigmookie Senior Member Posts: 7,906 Senior Member
    edited June 3 #35
    I dont feel like explaining this but: if a government is "working" with a deficit it implies that that government is borrowing money from another government.

    Just track the US bonds.
    Just chiming in to say that's now how any of this works. Yes China and chineese banks hold a chunk of US debt, but that's mostly because they need dollars to use in international trade. If they want to buy oil, they have to pay in dollars, want to buy food? Dollars. That's a big reason we can always run trade deficits an usually big budget deficits with minimal consequence. Everyone takes dollars. Most will take Euro and some JPY. Most others have to trade in another currency. It's a massive advantage in international trade.

    Back to the debt most of the treasuries are held by banks all over the world as their reserves and by investors/pension funds/retirement accounts. China holds less than 5% and it affords them zero leverage.
    "Finding out that you have run out of toilet paper is a good example of lack of preparation, buying 10 years worth is silly"
    -DoctorWho
  • sgtrock21sgtrock21 Senior Member Posts: 1,320 Senior Member
    To my understanding, Trump is just leveling the playing field with reciprocal taxes and tariffs. He only wants to apply the same level of taxes and tariffs to each country as they apply to the US so I don't get why any AMERICAN would object to our president working towards fairness for our country. As others have mentioned, short term inconvenience will result in long term gains. Incidentally, a little searching showed that one of our biggest imports form China is consumer electronics while their biggest imports from us are food items and agricultural machinery (for growing food). I'm pretty sure that I can go without a new phone, computer, or television for longer than China could go without food.
    Mao proved China could go without food by eliminating those who could not work (elderly, handicapped, and very young children) by intentionally starving tens of millions of them. Now that the Chinese have been served a heapin' helpin' of capitalism that would be more difficult.
  • sgtrock21sgtrock21 Senior Member Posts: 1,320 Senior Member

    I dont feel like explaining this but: if a government is "working" with a deficit it implies that that government is borrowing money from another government.

    Just track the US bonds.
    The dollar is mightier than the sword. Just like air power replaced naval. Could the cold warriors of old be failing to recognise the change?
    I'm a cold warrior. Been there, done that, got the T-Shirt (certificate). We did not win the cold war. The U.S.S.R defeated themselves. The 1917 Russian revolution replaced Royalty, Semi wealthy, and Serfs with Omnipotent leaders, Bureaucrats , and workers. What did they expect? I remember a line from the movie "Red Dawn". Who saved us? 600,000 screamin' Chinese. They were protecting their investment.

  • Big ChiefBig Chief Senior Member Posts: 31,151 Senior Member

    China Offers to Buy Nearly $70 Billion of U.S. Products to Fend Off Trade Tariffs




    It's only true if it's on this forum where opinions are facts and facts are opinions
    Words of wisdom from Big Chief: Flush twice, it's a long way to the Mess Hall
    I'd rather have my sister work in a whorehouse than own another Taurus!
  • tennmiketennmike Senior Member Posts: 22,278 Senior Member
    Big Chief said:

    China Offers to Buy Nearly $70 Billion of U.S. Products to Fend Off Trade Tariffs




    Looks like tariffs ARE a viable bargaining chip! HA!
    Non Sibi Sed Patriage (Not for self, but country)



  • Big ChiefBig Chief Senior Member Posts: 31,151 Senior Member
    Trump got them CHICOMS squinty eyes to focus on what he was threatening alright!

    Now, Lets Make A Deal!
    It's only true if it's on this forum where opinions are facts and facts are opinions
    Words of wisdom from Big Chief: Flush twice, it's a long way to the Mess Hall
    I'd rather have my sister work in a whorehouse than own another Taurus!
  • kansashunterkansashunter Senior Member Posts: 1,255 Senior Member
    I heard today that the Coke (spelling) brothers, well one of them, are going to spend several million dollars on an ad campaign about free trade and anti Trump. This seems odd since what Trump is trying to achieve is free trade. Free trade is a very complex thing, I have tried to read up on just the ag part and it is convoluted as heck. Then add in the different farm programs that effect it as well and it will make your head hurt trying to understand it. That is another reason I like Trumps approach of dealing with each country separately. I hope it works out and in my opinion he has gotten more done on this than anyone else.   
  • kansashunterkansashunter Senior Member Posts: 1,255 Senior Member
    Koch brothers, I had a brain fart.
  • earlyagainearlyagain Posts: 950 Senior Member
    That's odd, but interesting if true. I thought the Koch"s were big oil. I do know they very interested in influencing politics.
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