Topic: Trump should raise tariffs to 50% - page 2. (Read 392 times)

That is kind of the point of the tariffs, without some kind of control other nations will not be able to compete with what essentially amounts to as Chinese slave labor. That means the workforce in the US and other nations have the buying power of their own labor reduced in the process ultimately leaving us all in that state. China artificially boosts tons of state run companies. There is no way to compete with this in an open market without some kind of restriction, and tariffs serve that purpose.

Don't forget that Trump is pushing Quantum Easing 4, so that we can offer 20% interest on all the bonds the orientals dump.

Don't forget the fact that the Chinese government owns trillions of USD worth of US treasury bonds (6.9% of all US federal debt). Along with Japan, they are among the top holders of US debt. They will just dump all these bonds if Trump becomes too hostile. In the end, United States will no longer be able to sell their bonds at very low interest rates like 3% and it can have a negative impact on the economy.

We don't need China to make our goods. All we need is reduced regulation by Government. Let government regulate all the corporations to death. But let all the Mom and Pop businesses be entirely free of every regulation, including taxes.

Trump raised the Tariffs an additional 5% across the board because of this.

Time for Trump to raise import tariffs to 50 quadrillion percent.

I think I saw something in my feed about China increasing tarrifs on American products. I believe it's about $75B worth of US goods.

I have no idea if it would be enough to hurt America's economy. America mostly export automobiles to China while they import mostly everyday goods. Sure the US citizens are gonna suffer from less cheap goods but China would be losing a lot of sales and I doubt Asia can absorb all that excess production.

More than a handful of countries have levied retaliatory tariffs against US goods. I ship a handful of $20-40 trinkets worldwide on a daily basis. In ~2017 most countries only charged import taxes on goods valued at over $300 ($100 in a few cases) or if they were of a certain type, precious metals for example. Now, when I ship a $30 bag to Europe, it gets hit by 15-18 euro customs fees. A fair number of my customers get tax bills higher than they expect and then decide to claim that they didn't order it to avoid the tax. Then I get the bag back a few weeks later. I've noticed its Europe, Australia, and parts of South America that are blocking out US goods, funny enough I've had no problems with trade in Asia. Its been devastating to small US businesses that operate on Etsy or Ebay, as we've lost most foreign business.

I can remember when British opinion of US products was that they were cheap ripoffs of our higher quality products, It's ironic that the US is saying the same about China. Just compare a McDonalds burger with a steak, and you will get the idea.

The trade wars are extremely damaging for the US, and many countries may not return to US products once they have established supplies from other countries. Trump is having to provide subsidies for the farming industry, but most of these payments go to corporate holders who use toxic Pharma products to poison Americans. American Soya and Chicken products have a terrible reputation in the world, and I will not buy them. If Trump really wants to make America great again, he should encourage the improvement of quality and productivity, and let the US grow in a world of free trade competition.

@otrkid1970 your wish has been granted as Trump has decided to escalate the trade war with China, and in a tweet has asked “Great American companies to move out of China and manufacture at home”. We all know how that American companies are heavily reliant on China for cheap labor and manufacturing costs, and if these companies most notably Apple moves out of China then their economy will take a huge hit and they’ll never be able to recover from it. The tariff war is getting ugly but I feel China will suffer more if they don’t bend the knee, as Trump will not stop till he gets what he wants.

Source: https://www.washingtonpost.com/business/2019/08/23/trump-hereby-orders-us-business-out-china-can-he-do-that/?noredirect=on

federal reserve will then start taking other banks into the grave with them, why not accept a communist capitalist fiat ponzi in usa but accept a nazi fiat ponzi in china.

america and its hedonism culture was responsible for world war 3 the greedy american enterpreneurs wanted eastern europeans as labour in their companies.

^^^ I'm not saying that raising tariffs today will mean we are suddenly producing everything ourselves tomorrow. But it all equals out if we do it slowly. The trouble is that it will crash the Federal Reserve Bank and their fiat Ponzi. why? Because of payments made by those foreign nations.

But that's what we want. We are bitcoin people. Crashing the FED will raise the value of our bitcoins, and make us the rich people in the world.

Let's go for it.

We can't compete with cheap foreign labor regardless of tariffs, and its not really that big of an issue. The amount of value added to a blob of plastic by turning it into a plastic fork is significantly less than the service based industries we've supported. Its cheaper and more efficient to import stuff from China because they have major geographical and workforce advantage. Competing to see who can make the cheaper plastic forks is just going to make plastic forks more expensive.

I worked on graphene capacitors, and one of the biggest problems was supply. China is the only country at the moment with the capability of making graphene wafers in a specific manner, because the facility setup required billions of dollars. Acquiring the capital investment, land, permits, and workforce to operate a facility that needs 55,000 workers per shift just isn't feasible anywhere in the US.

Its not a big deal, we just need to focus on what we do best and sell that to countries that do something else. Be mindful of strategic resources and manufacturing, but we don't need to worry about a shortage of plastic forks if relations sour.

Assuming the OP's point is about IP rights of tech firms and stuff, thats kind of a separate issue than what I've talked about to this point. Each person has their own opinion on that, and I can respect that.

^^^ Well, if it could never happen again, then we need all the help we can get... like 50 million percent tariffs.

The only reason we lost slave labor over in China, is because Government lifted tariffs so that cheap foreign labor was open to us. Then they allowed the transferring of technology to these countries that would have never developed anything on their own.

American manufacturing like it was in the 1950s into its decline in the 1970s is something that'll likely never happen again. It was the biggest boom in manufacturing in the history of the world. It could only occur because all other country's manufacturing capabilities were crippled by bombed factories, and the US had a monopoly on the manufacturing industry, it had very little to do with economic policy. If we want to return to that, we'll need WW3 to take out all of Europe and Asia's factories again. We'll also need to triple the population, and population density, as our supply chain isn't nearly as compact as China's.

We had the same slave labor as China not too long ago. Bringing that back would also be a good step towards returning to US manufacturing's golden era.

Hell yeah!

When people can't afford foreign products because of high import tariffs, then we will make our own stuff. Jobs will come back. We won't need the world. The world will need us.

This is what Trump is trying to do for us... make us independent from the world. He is reversing in one short term, the weakening of America that has been done by Presidents for decades. Long live Trump!

good luck then convincing americas poorer parts who only care about themselves.

Tariffs are passed to the consumer, they aren't hurting China at all, other countries just move in to buy their cheap goods they developed from the US happily and shortsightedly handing over their IP.