Canada, Greenland, Mexico, etc - USA Tariffs / Trade War commencing March 2025 #4

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  • #101

One trade that is most likely to increase, due to rapid inflation in the USA is the exporting of blood products, usually sourced from America's poorest people, who, in the capitalist way , sell their blood .

Yes. Sell Their Blood. Which means, of course that there are BUYERS for this product.

Donors will increase and the monetary reward for selling ones' blood will , in the usual capitalist manner, lower the 'wage'.. if there are more donors, the price goes down for the seller, not necessarily so for the buyer.... but looking on the bright side, it will be a win for the USA treasury, perhaps.. More Product.

'For much of the world, donating blood is purely an act of solidarity; a civic duty that the healthy perform to aid others in need. The idea of being paid for such an action would be considered bizarre. But in the United States, it is big business. Indeed, in today’s wretched economy, where around 130 million Americans admit an inability to pay for basic needs like food, housing or healthcare, buying and selling blood is of the few booming industries America has left. ( Booming Industry!!! 🤢 )

'
Almost half of America is broke, and 58 percent of the country is living paycheck to paycheck, with savings of less than $1000. 37 million Americans go to bed hungry, including one-sixth of New Yorkers and almost half of South Bronx residents. And over half a million sleep on the streets on any given night, with many millions more in vehicles or relying on friends or family. It is in this context that millions in the red have turned to selling blood to make ends meet. In a very real sense then, these corporations are harvesting the blood of the poor, literally sucking the life out of them.

'' The people who show up are a mix of disabled, working poor, homeless, single parents, and college students. With the exception of the college students who are looking for booze money, this is probably the easiest and most reliable income they have. Your job may fire you at any time when you’re on this level of society, but you always have blood. And selling your blood doesn’t count as a job or income when it comes to determining disability benefits, food stamps, or unemployment eligibility so it’s a source of money for the people who have absolutely nothing else.”
when I was in college there were always labs with advertisements for blood- used for research, not for donation to other people. The American Red Cross has blood drives (donations- no payment) and the restrictions as to your health, travel, possible exposure to diseases are many. You can look them up on line. If you have been in a country where there is malaria within numerous years, e.g., you cannot donate.

Blood Donation Eligibility Requirements​

1743728854325.webp
Red Cross Blood Donation
https://www.redcrossblood.org › how-to-donate › eligibil...




Donation frequency: Every 56 days, up to 6 times a year* · You must be in good health and feeling well** · You must be at least 16 years old in most states · You ...
 
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  • #102


Oho... Pierre Poilievre has changed , and by golly, done a 189 degree turn, on Trump.... Will this help him or label him as a bit of a donkey, fixing his point of view to the winds of change?? time will tell!!!
 
  • #103
I think you are right. But.... I would go further:

The number of Americans (Republicans, Maga, Democrats, Antifa) who truly (key word) have an understanding of global macro economics and can truly articulate pro verse con positions on tariffs and the long term global economic order is very small

That number could be as low as several thousand out of 340 million. Most of these people are either professors or are wealthy finance types.

The rest of the population, both democrat, republican and..... me simply parrot general concepts advanced by one side or the other.
Industries all have finance people and well paid lobbyists- not sure where they have been throughout this because a common complaint about congress is that they are "bought" by special interests- so if these tariffs are bad for the whole economy, where were the lobbyists? .... locked out of the oval office? Seriously, if the the tariffs are the death of the lower and middle class, that would not surprise me but where has Ford and General Motors and General Mills and Walmart and Amazon and Verizon and and Proctor & Gamble and 10 other major companies been? None of them have talked to Trump or his team and said: "Nooooo.....?"
 
  • #104
Financial analysts are saying retail products, especially footwear and apparel cannot be expected to be switched from overseas manufacturers to US production for a decade.

US does not have the raw materials (must be imported), they do not have the machine technology ( made overseas), do not have the skilled workers, do not have the land or plans for any plant production.

It is more realistic for Nike or clothing or such to switch to factories in Poland or south America than to bring any manufacturing back to the US.
people forget that some factories closed here because: wages were too low; land was too expensive; pollution was a problem. So is the Golden Age people working for pennies and no environmental controls?
 
  • #105
I think you are right. But.... I would go further:

The number of Americans (Republicans, Maga, Democrats, Antifa) who truly (key word) have an understanding of global macro economics and can truly articulate pro verse con positions on tariffs and the long term global economic order is very small

That number could be as low as several thousand out of 340 million. Most of these people are either professors or are wealthy finance types.

The rest of the population, both democrat, republican and..... me simply parrot general concepts advanced by one side or the other.

Is Economics not a required subject of study in a basic BA degree?
 
  • #106
Economists agree that Trump's tariffs appear to be generated by ChatGPT! It's too ridiculous to be generated by a human.

"The calculation of the tariff rates raises questions. According to the White House, it works like this: the trade deficit is divided by the total value of a country's exports to arrive at "the combined effect of all their tariffs, restrictions and other cheating." Trump claims that this has halved the result.

The calculation did not look at which levies and taxes countries in turn imposed on the United States. This was expected, because Trump had been talking about "reciprocal levies" for some time.

Despite the explanation, Rabobank economists speak of "absurd results", which seem to have been invented by ChatGPT. They point out that free-trading nation Switzerland has been imposed a 31 percent levy and protectionist Argentina only 10 percent."

no one "experiments" on the whole world.
 
  • #107
Industries all have finance people and well paid lobbyists- not sure where they have been throughout this because a common complaint about congress is that they are "bought" by special interests- so if these tariffs are bad for the whole economy, where were the lobbyists? .... locked out of the oval office? Seriously, if the the tariffs are the death of the lower and middle class, that would not surprise me but where has Ford and General Motors and General Mills and Walmart and Amazon and Verizon and and Proctor & Gamble and 10 other major companies been? None of them have talked to Trump or his team and said: "Nooooo.....?"

The pharmaceuticals lobbyists have been there.


Two areas that suffered relatively light damage, however, were pharmaceuticals and biotech.
The pharma industry has powerful lobbyists, and in the run-up to Wednesday's tariff announcement at the White House, they were (naturally) pushing for a break.


 
  • #108
  • #109
The pharmaceuticals lobbyists have been there.


Two areas that suffered relatively light damage, however, were pharmaceuticals and biotech.
The pharma industry has powerful lobbyists, and in the run-up to Wednesday's tariff announcement at the White House, they were (naturally) pushing for a break.


yes, they have held off on pharma.
they should have been doing a lot of studies and models before they
implemented anything but you, know, they are men of Action. IMO.
s
 
  • #110
Is Economics not a required subject of study in a basic BA degree?

I seriously think the "dumbing down" began a long time ago. Things that should be taught as mandatory subjects have not been taught.

I don't know if it is because they wanted to push people through with "passes", achieving their pieces of educational paper, or why it has happened. But I suspect it is because "enrol and pay, pass, next enrolment and payment, next pass ..... ".
The big business of higher education.

imo
 
  • #111
Is Economics not a required subject of study in a basic BA degree?
Yes, basic economics is likely required for basic degrees.

Courses in basic economics, however, might not be sufficient to develop truly informed (key concept) opinions on global macro economic trade policy.

For example, I took several economics courses. But, I don't think taking those courses allow me to develop truly informed ideas on global trade policy.

In short, the pros and cons of the subject maybe rather complex. I need to recognize my limitations.
 
  • #112
JMO, but the US would do best to build up it's manufacturing in certain key areas where it could not just supply the domestic market, but also export those products.

I fully agree.

But now some "buts:

- Some countries have restrictive trade policies that limit sales of exported US products.
- Other countries manipulate currency valuations to make US exports less attractive.
- And still others directly or indirectly subsidize their local manufacturers- thus making US exports less attractive.

How does one address these issues?
 
  • #113
I fully agree.

But now some "buts:

- Some countries have restrictive trade policies that limit sales of exported US products.
- Other countries manipulate currency valuations to make US exports less attractive.
- And still others directly or indirectly subsidize their local manufacturers- thus making US exports less attractive.

How does one address these issues?
Which would be these 'other countries' that manipulate currency valuations , to make US exports less attractive??

Like wise, which would be the countries that have restrictive trade policies that limit the sales of exported US products? would they be countries that do not have a trade agreement with the USA? which would make their restrictive practises entirely legal and necessary??

and thirdly. feel free to name these countries, who indirectly, or directly subsidize their local manufacturers , thus making US exports less attractive.. would they also be countries that do not have a trade agreement with the USA? making their subsidies necessary and legal and mandated by their voters??
 
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  • #114
I fully agree.

But now some "buts:

- Some countries have restrictive trade policies that limit sales of exported US products.
- Other countries manipulate currency valuations to make US exports less attractive.
- And still others directly or indirectly subsidize their local manufacturers- thus making US exports less attractive.

How does one address these issues?
Every country has those problems, for eg what the US is doing to them right now.
 
  • #115
Not competent over all ,exactly..
Tell that to the Japanese, Chinese and North Koreans.

There are hundreds of thousands of deceased Japanese, Chinese and North Korean soldiers who can testify that Macarthur was an alpha male egotist (alot of combat generals across the globe are) and a "slow starter" combat wise.

But.... once he got going, he was pretty darn competent.

Likewise, millions of living Japanese can testify that his administration of post war Japan was fair and very competent.
 
  • #116
Every country has those problems, for eg what the US is doing to them right now.
Trump's position is that the US is only implementing 50% of the restrictions that these countries do to the US trade wise.
 
  • #117
when I was in college there were always labs with advertisements for blood- used for research, not for donation to other people. The American Red Cross has blood drives (donations- no payment) and the restrictions as to your health, travel, possible exposure to diseases are many. You can look them up on line. If you have been in a country where there is malaria within numerous years, e.g., you cannot donate.

Blood Donation Eligibility Requirements

View attachment 576284
Red Cross Blood Donation
https://www.redcrossblood.org › how-to-donate › eligibil...




Donation frequency: Every 56 days, up to 6 times a year* · You must be in good health and feeling well** · You must be at least 16 years old in most states · You ...
I think it's plasma you can sell more so than blood. Google search will bring up an exhaustive list of places you can sell your plasma.
 
  • #118
Trump's position is that the US is only implementing 50% of the restrictions that these countries do to the US trade wise.

That may be his position, but it is not the truth.

We import far more from the US (hopefully that will stop soon) than we export to the US. We are consistently in a trade deficit with the US. Deserving of a 10% tariff?

The exception to this might (possibly) be this year, because the US bought a HUGE amount of our gold immediately after Trump took office.

imo
 
  • #119
Tell that to the Japanese, Chinese and North Koreans.

There are hundreds of thousands of deceased Japanese, Chinese and North Korean soldiers who can testify that Macarthur was an alpha male egotist (alot of combat generals across the globe are) and a "slow starter" combat wise.

But.... once he got going, he was pretty darn competent.

Likewise, millions of living Japanese can testify that his administration of post war Japan was fair and very competent.
Can they?? well..I am not in the business of asking dead soldiers anything... I could ask Ho Chi Min the same question but he is also dead.... I don't know about that. HAVE they so testified??? don't think so .
 
  • #120
Is Economics not a required subject of study in a basic BA degree?
Highschool is where kids are exposed to Civics and Economics. At least that was the case when I was a teen.
 
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