China Can't Win Trade War With USA

[IsaacNewton]

Guess who isn't going to care who is 'winning' such a thing. All the American workers that are soon to be out of jobs. Thanks to your dear leader Little Lying Donald. You think there are going to be daily reports on how many Chinese are out of work this week and why? Even if someone reports that nobody here will give the first rats ass, but they will be looking at Americans, tens of thousands to hundreds of thousands, that are losing their jobs and US companies that are losing money or going belly up.

It is tantamount to the government simply saying to American businesses "we are going to arbitrarily raise the price of your product 15%-25% for starters. Name a company that thinks that is ever a good idea.

Conservatives you know as much about economics as Russia knows what it's like to land on the moon and step out.

The inescapable truth is that government interference in trade inevitable targets certain industries for special consideration, raising the prices that Americans pay for lower priced/higher quality goods from abroad, thus promoting inferior American products. Since other countries will respond by taxing US exports, sales abroad will fall for those products. The end result is consumers around the world pay more and get less while governments pocket the tariffs. It's surprising that so many Republicans who have traditional favored free markets are allowing this.

Trump sees a trade war as just a negotiating tactic which shows just how little the man knows about trade. Already there are 1300 products being considered for US tariffs and the number in China is growing. This creates huge domestic political pressures to maintain tariffs once implemented. When major exporters such as the US and China start leaving tariffs, their trading partners are affected. For example Japan, Russia, North and South Korea will be more than willing to buy lower priced excess Chinese goods due to he US tariffs. This creates economic problems in dealing with US and can easy lead to expansion of the trade war.

Once tariffs are levied, removing them is not easy because it requires unilateral actions of multiple countries.

The videos of pig farmers and soybean farmers in the US are already coming out, they are scared of the loss to their businesses. Thousands of job losses are on the horizon as well. And yes other countries will benefit from the lower prices for Chinese products. The only country this is going to hurt is the US. A number of Republican strategists have already made that statement. They've also stated Trump has no idea what he is doing.

Last night on the nightly news, they were interviewing a guy who owns a shop that builds trailers. He said he's already feeling the effect because his steel costs for the raw materials have already jumped. He's not sure if he can remain competitive, because he's going to have to raise his prices on his trailers.

No, this trade war is a bad idea.

As far as soybeans? China also buys them from Brazil, and their last crop in Brazil was a bumper crop, so China will still be able to get soybeans. America isn't the only country to grow them.

China buys 1/3 of the entire soybean crop in the US. Soybean producers in the US are crapping their pants right now.

 

[tycho1572]

Take a good look at the gif in my sig, IsaacNewton. That’s your woman.

 

[Flopper]

Guess who isn't going to care who is 'winning' such a thing. All the American workers that are soon to be out of jobs. Thanks to your dear leader Little Lying Donald. You think there are going to be daily reports on how many Chinese are out of work this week and why? Even if someone reports that nobody here will give the first rats ass, but they will be looking at Americans, tens of thousands to hundreds of thousands, that are losing their jobs and US companies that are losing money or going belly up.

It is tantamount to the government simply saying to American businesses "we are going to arbitrarily raise the price of your product 15%-25% for starters. Name a company that thinks that is ever a good idea.

Conservatives you know as much about economics as Russia knows what it's like to land on the moon and step out.

The inescapable truth is that government interference in trade inevitable targets certain industries for special consideration, raising the prices that Americans pay for lower priced/higher quality goods from abroad, thus promoting inferior American products. Since other countries will respond by taxing US exports, sales abroad will fall for those products. The end result is consumers around the world pay more and get less while governments pocket the tariffs. It's surprising that so many Republicans who have traditional favored free markets are allowing this.

Trump sees a trade war as just a negotiating tactic which shows just how little the man knows about trade. Already there are 1300 products being considered for US tariffs and the number in China is growing. This creates huge domestic political pressures to maintain tariffs once implemented. When major exporters such as the US and China start leaving tariffs, their trading partners are affected. For example Japan, Russia, North and South Korea will be more than willing to buy lower priced excess Chinese goods due to he US tariffs. This creates economic problems in dealing with US and can easy lead to expansion of the trade war.

Once tariffs are levied, removing them is not easy because it requires unilateral actions of multiple countries.

The videos of pig farmers and soybean farmers in the US are already coming out, they are scared of the loss to their businesses. Thousands of job losses are on the horizon as well. And yes other countries will benefit from the lower prices for Chinese products. The only country this is going to hurt is the US. A number of Republican strategists have already made that statement. They've also stated Trump has no idea what he is doing.

Trump is going to backout of this disaster before it happens and of course claim a great victory and nothing will change. If he continues down this road, republicans will have huge loses in Nov. which would end the Trump agenda. You can bet he is not going to let that happen. As soon as he can get anything out of China that he can call a victory, he'll jump at it.

 

[protectionist]

The Trans Pacific Partnership now renamed to Comprehensive Progressive Agreement for Trans Pacific Partnerships has moved ahead without the US. This agreement represents 40% of world trade and is a huge loss for the US. The exit of US from the agreement opens a place for China. If China enters this agreement, the US is going to find itself a secondary nation in world trade and that has serious long term implications for the US.

The "serious long term implications for the US" occurred almost 30 years ago when Bush 41 gave China unrestricted access to out huge US market with no obligations on the other end (and little goodness from China), and 3 idiot presidents followed after doing the same thing.

This is the mess Trump inherited, and finally we have him doing something about it.

And the US can trade with anybody. Nobody wants to sidestep the biggest, richest market in the world. We don't need TPP, CFR, or any other goofball globalist BS.

 

[protectionist]

Trump is going to backout of this disaster before it happens and of course claim a great victory and nothing will change. If he continues down this road, republicans will have huge loses in Nov. which would end the Trump agenda. You can bet he is not going to let that happen. As soon as he can get anything out of China that he can call a victory, he'll jump at it.

Even though your statements show a shallow perception of international economics, I might be inclined to relate to your posts if you didn't go around making statements known (at least among conservatives) to be false, like this >>

"Imagine if it were Hillary Clinton who had denounced international trade while manufacturing shirts in Bangladesh, neck ties in China, suits in Mexico and stemware in Slovenia."

Actually, none of these are Trump manufactured goods. They are merely brand licensed. Foreign companies paying for the right to bear the Trump NAME.

 

[protectionist]

China buys 1/3 of the entire soybean crop in the US. Soybean producers in the US are crapping their pants right now.

So they're unable to find other buyers ?

 

[protectionist]

I have just started reading a book on WW1 and I was reminded of those who predicted a quick and easy victory- and ignored those who said it would be a bloody disastrous war.

Who 'won' WW1? Certainly Germany lost- but probably the only possible winner was the U.S.- every European country was trashed, and huge amounts of their population died.

I am hoping that Trump gets some trade concessions from the Chinese and both sides will be able to withdraw and declare victory.

Because otherwise- this will be brutal on Americans. I looked at some of the products that these tariffs hit- and they will be hitting lots of American manufacturers- screwing over American manufacturers.

Lets say an American machinery manufacturer is importing water pumps from China. Now they will be 25% more expensive.

Now the American manufacturer is competing with German manufacturers who buy the water pump without the 25% tariff- and can sell their machinery for less than American manufacturers can.

No one wins a Trade War- but we know who loses- and its not the wealthy who lose Trade Wars- its the rest of us.

Bottom line is when you have the biggest, most valuable MARKET, they need you. You don't need them

 

[protectionist]

Guess who isn't going to care who is 'winning' such a thing. All the American workers that are soon to be out of jobs. Thanks to your dear leader Little Lying Donald. You think there are going to be daily reports on how many Chinese are out of work this week and why? Even if someone reports that nobody here will give the first rats ass, but they will be looking at Americans, tens of thousands to hundreds of thousands, that are losing their jobs and US companies that are losing money or going belly up.

It is tantamount to the government simply saying to American businesses "we are going to arbitrarily raise the price of your product 15%-25% for starters. Name a company that thinks that is ever a good idea.

Conservatives you know as much about economics as Russia knows what it's like to land on the moon and step out.

American companies won't remain in China, while exporting their products to America, and then selling at 15-25% higher prices. No company can do that. The price (market price) comes from the market, not the company). It's the highest price they can charge without triggering sales & income reductions.

Instead, companies seeing their exports as now not economical, will return to the US, and sell them at their usual price, or maybe even lower. A lot of companies have already left China.

 

[IsaacNewton]

Guess who isn't going to care who is 'winning' such a thing. All the American workers that are soon to be out of jobs. Thanks to your dear leader Little Lying Donald. You think there are going to be daily reports on how many Chinese are out of work this week and why? Even if someone reports that nobody here will give the first rats ass, but they will be looking at Americans, tens of thousands to hundreds of thousands, that are losing their jobs and US companies that are losing money or going belly up.

It is tantamount to the government simply saying to American businesses "we are going to arbitrarily raise the price of your product 15%-25% for starters. Name a company that thinks that is ever a good idea.

Conservatives you know as much about economics as Russia knows what it's like to land on the moon and step out.

American companies won't remain in China, while exporting their products to America, and then selling at 15-25% higher prices. No company can do that. The price (market price) comes from the market, not the company). It's the highest price they can charge without triggering sales & income reductions.

Instead, companies seeing their exports as now not economical, will return to the US, and sell them at their usual price, or maybe even lower. A lot of companies have already left China.

Ok run along now. The 8th grade version of 'economics' isn't going to fly here. Buh bye.

 

[protectionist]

Ok run along now. The 8th grade version of 'economics' isn't going to fly here. Buh bye.

I taught economics in the CUNY for 3 years. They had to pay tuition. You get it for free.

 

[IsaacNewton]

Ok run along now. The 8th grade version of 'economics' isn't going to fly here. Buh bye.

I taught economics in the CUNY for 3 years. They had to pay tuition. You get it for free.

You are clueless derp. Try basket weaving.

 

[protectionist]

You are clueless derp. Try basket weaving.

You don't get acceptance in this forum with hollow attacks. Try substance. Like posts 25 and 28.

You're welcome.

 

[cnm]

So they're unable to find other buyers ?

American soybeans will be a glut on the market if 1/3 of their customers disappear.

 

[protectionist]

American soybeans will be a glut on the market if 1/3 of their customers disappear.

That wasn't the question.

So they're unable to find other buyers ?

 

[cnm]

That wasn't the question.

So they're unable to find other buyers ?

I'm sure they'll find buyers at some discounted price, considering the buyers know the growers are over a barrel and there is a glut on the market. Maybe the price will pay the cost of harvest. Or not.

 

[cnm]

We could see Australia buying discounted soybeans from the US for its own need while selling its own soybeans at a better price to China without tariff.

 

[cnm]

I would have thought a teacher of economics would have immediately understood that.

 

[Rambunctious]

Screw China...their shit is nothing but cheep crap....why is it always a trade war when we fight back? They can steal our stuff tax our stuff limit our stuff tariff our stuff and no one says shit...but let us try and even the field and all liberal hell breaks loose....Screw China and any other nation that will not work with us....

 

[cnm]

They're dying to be liberated. They'll greet you with rose petals...

 

[protectionist]

I would have thought a teacher of economics would have immediately understood that.

Lots of things about economics that economics teachers don't know. And lots of other things they do know. Ask me about the bellshaped curve of prices vs income, sometime. Or # of employees vs income.