Tariffs

[Wizzard]

Best article I have seen yet on the tariffs

https://www.msn.com/en-us/money/markets/the-media-is-lying-to-you-about-trumps-china-tariffs/ar-AABl9Un?li=BBnb7Kz

[old2soon]

        I M H O whenever lame stream media crys wolf I used to take a grain of salt. And I also use a Lot an old truckers axiom. Believe 3% of what you hear and maybe 5% of what you see. Far as the salt thing goes now I have Good blood pressure meds!  The article appears to me anywho as a good read. RIDE SAFE.

[Oss]

Tarriff is not good but. Country dumping goods below real cost is the reason

F the Chinese and anyone who doesn't get it

[f6john]

My take on the tariffs, not good for anybody but when you are trying to change decades of bad trade policy you hav to use the heaviest hammer in the tool box. Anyone think we need a better trade deal with China? Do our representatives have a better idea?

[Savago]

I had trouble to continue reading when I saw this at the beginning:
"Yes, tariffs are “costs.” But they do not somehow destroy our money. They do not take our hard-earned dollars and burn them in a big pile. Tariffs are simply federal taxes. That’s it. The extra costs paid by importers, and consumers, goes to Uncle Sam, to distribute as he sees fit, including, for example, on Obamacare subsidies."

We already pay *way* too many taxes, thanks. At least for me, Federal taxes is the same as burning money in a big pile.

Finally, this particular type of taxes will directly impact people with lower incomes (e.g. < 200K/year). This is basic 'Economics 101'.

The author of the article has a major in History. Not economics. Not math. Not even engineering.
https://en.wikipedia.org/wiki/Brett_Arends

Should China be punished for doing pricing dumping and closing their market? Sure!

But please find a way that doesn't create even *more taxes* on us.

[Alberta Patriot]

To hell with the doom and gloom merchants.
Here is the ultimate bottom line for China IMHO
The Chinese will sell their products for whatever the market will bear. If sales drop, so will the price and profit margin and ultimately the price adjusted value of the tariff. Any profit is better than no profit. They will find ways to tighten their margins, shipping costs...etc. Even Dumping to keep the container ships fully loaded.

[Rams]

Not that I don't care but, if it'll keep or put more Americans to work, it's alright with me.

Rams 

[Alberta Patriot]

Not that I don't care but, if it'll keep or put more Americans to work, it's alright with me.

Rams  

China's goal is to overtake Western Commerce...the Trump Tariff pushback is a good start.
Competition makes everyone better, but not by way of China's Intellectual Theft.

[MAD6Gun]

Finally, this particular type of taxes will directly impact people with lower incomes (e.g. < 200K/year). This is basic 'Economics 101'.

 Wow you think 200K is lower income? I must be in the poverty level, because I sure as hell have never made that much. I am doubting that many members here make that much.

[..]

Finally, this particular type of taxes will directly impact people with lower incomes (e.g. < 200K/year). This is basic 'Economics 101'.

 Wow you think 200K is lower income? I must be in the poverty level, because I sure as hell have never made that much. I am doubting that many members here make that much.

Left coast perspective?

[Serk]

Finally, this particular type of taxes will directly impact people with lower incomes (e.g. < 200K/year). This is basic 'Economics 101'.

 Wow you think 200K is lower income? I must be in the poverty level, because I sure as hell have never made that much. I am doubting that many members here make that much.

It's all relative to local cost of living:

https://www.bbc.com/news/world-us-canada-44725026

[Wizzard]

I had trouble to continue reading when I saw this at the beginning:
"Yes, tariffs are “costs.” But they do not somehow destroy our money. They do not take our hard-earned dollars and burn them in a big pile. Tariffs are simply federal taxes. That’s it. The extra costs paid by importers, and consumers, goes to Uncle Sam, to distribute as he sees fit, including, for example, on Obamacare subsidies."

We already pay *way* too many taxes, thanks. At least for me, Federal taxes is the same as burning money in a big pile.

Finally, this particular type of taxes will directly impact people with lower incomes (e.g. < 200K/year). This is basic 'Economics 101'.

The author of the article has a major in History. Not economics. Not math. Not even engineering.
https://en.wikipedia.org/wiki/Brett_Arends

Should China be punished for doing pricing dumping and closing their market? Sure!

But please find a way that doesn't create even *more taxes* on us.

And what way would that be? I am curious

[Savago]

Finally, this particular type of taxes will directly impact people with lower incomes (e.g. < 200K/year). This is basic 'Economics 101'.

 Wow you think 200K is lower income? I must be in the poverty level, because I sure as hell have never made that much. I am doubting that many members here make that much.

Yep, in SF@CA you are officially poor if you make less than 117K/year.

Over 200K the added impact of the extra tariffs/taxes is diluted (i.e. buying products like a new computer) vs your income taxes.

[Savago]

And what way would that be? I am curious

Dunno, I'm not an Economist.

But I have the suspicion that increasing trade between both countries would be better than restricting trade. You known, capitalism and all?
:-)

What I would try to implement:
a) Conditioning Chinese imports with further products exchanges from the USA. Agricultural products is a good start (as China has a huge population to feed). Wanna trade with the USA? Good! Now you can only buy corn/soy beans/meat/wheat/vegetables from USA.
b) Legal changes in the Chinese law to allow American companies and citizens to acquire assets (i.e. land + factories control) in China.
c) Strong enforcement of IP protections.
d) Adherence to basic human rights protections. What they do to their own people is quite troubling, it is about time their government start to have some basic decency.
e) Further integration of their banking system with the international system.

What I *do* known for sure is that we are already over-taxed by the government and need no more stinking taxes on products.

[Alberta Patriot]

Savago...
The Chinese Communist Dictatorship just broke their negotiated deal with Trump.
They don't care about signing human rights pledges, and if they did they wouldn't adhere to them anyway. How did allowing China to join the WTO help...they broke all the rules. All the BS from the Lefty MSM ripping Trump for the Tariff hikes is also meaningless. China must get back to the agreement they signed with Trump to show some sort of good faith bargaining record...so far it is abysmal.  Trump is completely justified in implementing massive tariff hikes....period
Here's another option...lets have Clueless Feminist Pinheads like this negotiate with China:

https://www.youtube.com/watch?v=l8wQrM5jTWc

It makes me ill to watch all the fawning liberal women wet their panties over this loser.

[bagelboy]

How about moving all those American businesses from China to Central America? Maybe if we employ enough in Central America, they won't try coming into OUR country!