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HitRed wrote:GoranZ wrote:HitRed wrote:Tariffs are not in a box though. Mexico might start making something we imported from China. Or a Chinese company might move to Vietnam. The world is in flux.
You are talking nonsense... If there were price competitive products in Mexico or Vietnam, without any doubt in my mind I can claim that US would have bought them, but there are no such. And why would US care if something is made in Maxico, Vietnam or China?
With all these tariff wars only one thing might change for US... Moving factories from China to US, but that wont happen, not in this life. So US citizens will pay more for the same products, their purchasing power will be affected and eventually that will lead to another crisis like we had in 2008. And again US citizens will suffer, along with the whole world I presume(you, me, and most of the users in this forum will be affected as well). By the time all this settles 20 years will pass and nothing will change.
So unless you are a cat and you have 8 more lives for living, use your brain and think logically what the outcome of all this will be.
Somebody is anxious about the future.
When the South cut off cotton exports the world turned to Egypt. Change happens.
jimboston wrote:You’re all correct about lifestyle and cheap goods.
The problem is it’s not sustainable and puts your country at risk I’m other ways.
I’m not saying it’ll be easy, quick, or even possible... but I truly feel we gotta take our industrial base back.
Dukasaur wrote:jimboston wrote:You’re all correct about lifestyle and cheap goods.
The problem is it’s not sustainable and puts your country at risk I’m other ways.
I’m not saying it’ll be easy, quick, or even possible... but I truly feel we gotta take our industrial base back.
Dukasaur wrote:Symmetry wrote:Dukasaur wrote:jimboston wrote:
We (the US) does need to reduce trade and start making goods here... this will be painful to Americans, and you’re right in questioning our ability to handle it, and our political will over the long term. I don’t know enough to say that the way Trump is going about it is the best way... if I was a betting man I’d say it wasn’t. I’m hoping it’s a wake up call and we recognize that we can’t outsource everything.
Why?
I used to be a big fan of Micheal Emerling, and one of the things he used to say a lot was, "I love the fact that we have a trade deficit with Japan. It means we send them these worthless pieces of paper, and they send us useful things like TVs and microwaves!"
To make the gadgets you love at prices you can afford, it takes Third-World wages. There's no way you could have the booming economy you do if you were trying to pay people G7 wages to make things. Your first-world lifestyle is completely dependent on outsourcing.
Sorry Duk, Japan isn't a third world country. No idea who your fan-boy is either.
You're missing the point completely. The point is that people lose a lot of sleep about a trade deficit, when it's really a non-issue. We have trade deficits with countries because they send us useful things and we send them useless fiat currency. It's a big win for us.
If he was making that speech nowadays, he'd have to say Malaysia or something, but back in the 70s and 80s there was still a huge trade deficit with Japan.
mrswdk wrote:So incredibly desperate. Realizing that America's telecommunications companies are literally incapable of competing with Chinese ones when operating on a level playing field, Trump has given up any pretense that he is anything other than a dummy protectionist and today announced that he plans to begin forcing American companies not to trade with Huawei on the Breitbart-esque grounds that Huawei is a Red Under The Bed intent on destroying American society.
After his cack-handed protectionism tanked the shares of America's biggest chip manufacturers, who rely on Huawei's business to keep them in the black, and it emerged that Huawei has been stockpiling chips for months to mitigate against exactly this risk and therefore doesn't even care, the world is now scrambling to work out which is greater: America's rabid aggression, or its spectacular incompetence?
DoomYoshi wrote:Chinese people: actually spread like cancer
https://vancouversun.com/news/local-new ... h-tourists
Absolutely disgusting.
armati wrote:If debt slavery were to count the % in the west would be far higher than 0%.
armati wrote:Im gonna call bullsh#t on this story, it says they protected one of the pilots that flew a plane into a tower.
GoranZ wrote:DoomYoshi wrote:Chinese people: actually spread like cancer
https://vancouversun.com/news/local-new ... h-tourists
Absolutely disgusting.
How your family ended up in Canada? Care to share your own family story?
DoomYoshi wrote:GoranZ wrote:DoomYoshi wrote:Chinese people: actually spread like cancer
https://vancouversun.com/news/local-new ... h-tourists
Absolutely disgusting.
How your family ended up in Canada? Care to share your own family story?
Sure. It's a simple story based on one simple principle. We did everything in our power possible to get as far away from Russia as possible.
armati wrote:About the Iran supporting terrorist article.Most likely not Iran saying that.Iran has a huge issue with drugs coming from those people, they fight them and have been fighting them at every opportunity.Far more likely that article was posted by somebody from the west.
riskllama wrote:DoomYoshi wrote:GoranZ wrote:DoomYoshi wrote:Chinese people: actually spread like cancer
https://vancouversun.com/news/local-new ... h-tourists
Absolutely disgusting.
How your family ended up in Canada? Care to share your own family story?
Sure. It's a simple story based on one simple principle. We did everything in our power possible to get as far away from Russia as possible.
that couldn't have been telegraphed any better, DY - nice work. perhaps you could link duk's post where he shared what the actual events of the saga were for us? i wouldn't mind reading it again...
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