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

Status
Not open for further replies.
  • #121
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?

Another issue is that components, ingredients, energy, or supplies needed for manufacturing often need to be imported. There are very few things that a country can manufacture in sufficient quantities for export without importing first. The idea that a country can make things by itself is really a 19th century concept.
 
  • #122
I don't know either. But I do think that smart trade agreements help a lot.

I have beef, you have corn. Let's trade.
Oh, you don't have corn? How about you buy my beef and I buy corn from elsewhere? And round and round the smart trade goes.

Easily charted. Easy to work out which country's industries/services/products need protecting and which ones don't.
I think you and Trump have the same views (negotiated trading agreements, olde school style).

The current global trade system seems to be centered on:

- Countries can ship and sell any amount of anything to the United States- so long as US citizens are willing to buy it. And.... US consumers love, absolutely love, low prices. So, alot of stuff gets shipped.

- Meanwhile, US exports face creative restrictions, rigged currency exchanges and subsidized local manufacturers.

I imagine their are pros and cons to your and Trump's approaches (seem to be the same- kind of ironic) and the approach were low domestic prices compensate for restrictions on exports.
 
  • #123
Oh my ...

US industry-boosting program scrapped hours before Trump claimed to be savior of business



How does that make sense?? I'd laugh at the stupidity of it all were it not for the seriousness of the negative consequences of all of these actions.

IMO.
-
That headline is misleading. It makes one assume the entire program was scrapped.

From the link -

However, on Tuesday the Trump administration "informed members of Congress that it was withholding funding for some MEP centers because their work no longer aligns with government priorities." Some $12.9 million in funding set to go to these centers will be impounded by the Department of Commerce's National Institute of Standards and Technology.

“The department is reprioritizing its programmatic activities to ensure that the US secures its position as a leader in critical and emerging technologies such as artificial intelligence and quantum,” said the message sent to Congressional staff. “As such NIST has determined that these cooperative agreements are no longer aligned with the priorities of the department and NIST.”


Trump administration officials informed members of Congress that it was withholding funding for some MEP centers because their work no longer aligns with government priorities.

The Department of Commerce’s National Institute of Standards and Technology (NIST), which administers the program to help manufacturers, emailed lawmakers to say that it would not be paying out nearly $12.9 million that had been due overall this week to MEP centers in 10 states, according to Democratic staff of the House Committee on Science, Space, and Technology who spoke on on the condition of anonymity.
 
  • #124
I think you and Trump have the same views (negotiated trading agreements, olde school style).

The current global trade system seems to be centered on:

- Countries can ship and sell any amount of anything to the United States- so long as US citizens are willing to buy it. And.... US consumers love, absolutely love, low prices. So, alot of stuff gets shipped.

- Meanwhile, US exports face creative restrictions, rigged currency exchanges and subsidized local manufacturers.

I imagine their are pros and cons to your and Trump's approaches (seem to be the same- kind of ironic) and the approach were low domestic prices compensate for restrictions on exports.
well. You could name these countries that have all these restrictions.. I , frankly. do not believe they exist, except in the discombobulated mind of Trump. Any country that has restrictions on trade,, has those restrictions on a basis of a trade agreement. they are not placed down at whim or at will by a meglomaniac politician. Trade is a very complex and carefully worked out business, and why these restrictive countries are being referred to as 'other countries' without any clue as to whom is most probably a result of being unable to name even one.

The 'rigged currency' is a real whoppper.. just name the country that does this... it should be simple if there is more than one, complete the list...
 
  • #125
I think you and Trump have the same views (negotiated trading agreements, olde school style).

Nothing could be further from the truth. 😂

I would have renegotiated trade agreements, privately and diplomatically. If I felt they needed renegotiating.

Not announced to the whole world that I was tariffing everyone (except Russia and its allies, of course) - then having a media appearance in the rose garden with a long tariff list that included penguin islands.
 
  • #126
The idea that a country can make things by itself is really a 19th century concept.
I agree with you on this fully. And... even in the 19th century, the Europeans set up colonies to get the raw materials they lacked.

But..... at the end of the day, some countries need less imported materials than others. And... some of the imported things that they need might currently be imported at artificially high prices for a variety of reasons (foreign governments subsidizing, say, local lumber industries)
 
  • #127
Here is a conumdrum... How are American cattle farmers going to produce beef for 341 million Americans by , say, September this year, and every month after that?? the reason the USA imports beef is precisely because the usa cannot produce enough beef for the consumption of the population as it stands today... How is that going to be rectified by September, ,2025??

The gestation period for a cow, to produce a calf and this is if pregnancy occurs first up, is 283 days, give or take a day or two... I leave it to you to work out the arithemetic.
 
  • #128
The 'rigged currency' is a real whoppper.. just name the country that does this... it should be simple if there is more than one, complete the list...
Uhmmm...... China.

While president, Bill Clinton stated that "China absolutely holds down its currency". Do a quick google and you will see that many neutral sources accuse China of currency manipulations.

The Chinese leadership probably has a different view, but I am going with former US President Clinton.
 
  • #129

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.”

Thats shocking Trooper!

Desperation could further lead to black marketing of organs such as eyes and kidneys, babies and children sold or trafficked...
 
  • #130
Here is a conumdrum... How are American cattle farmers going to produce beef for 341 million Americans by , say, September this year, and every month after that?? the reason the USA imports beef is precisely because the usa cannot produce enough beef for the consumption of the population as it stands today... How is that going to be rectified by September, ,2025??

The gestation period for a cow, to produce a calf and this is if pregnancy occurs first up, is 283 days, give or take a day or two... I leave it to you to work out the arithemetic.
well, the fearless leader will just have to ... you know, make a deal.... as long as he- you know, holds a lot of the cards...
 
Last edited:
  • #131
  • #132
Uhmmm...... China.

While president, Bill Clinton stated that "China absolutely holds down its currency". Do a quick google and you will see that many neutral sources accuse China of currency manipulations.

The Chinese leadership probably has a different view, but I am going with former US President Clinton.
China is quite entitled to peg the yuan to the forces of the many currencies it trades with.. up until 2005, the yuan was pegged to the USA dollar, but now it is fixed to a myriad of currencies, and this is why people in America often get confused about it. They think the Yuan should align itself with the USA dollar, and the Chinese believe differently, as is their inherent right to do so.

The currency is not allowed to float more than 2% against a fixed level. This approach keeps the value of the yuan low compared to other countries. The effect on trade is that Chinese exports are cheaper and, therefore, more attractive compared to those of other nations. By motivating the global marketplace to buy its goods, China ensures its economic prosperity.

The USA could do the same thing.. .. except it has pegged itself to the Petro dollar.. big mistake, actually. easily fixed, if the political will is there, which, currently is absent in American politics..
 
  • #133
well, the fearless will just have to ... you know, make a deal.... as long as he- you know, holds a lot of the cards...
rrrrrather difficult to make a cow speed up the process though.. don't you think?? 🤪
 
  • #134
The Chinese import a great deal. particularly iron ore.. . . wheat wool, aluminium, rutile, ..natural gas... . they are a powerhouse of construction , currently, and they are, in fact, Australia's biggest and most reliable market, and the Chinese ALWAYS pay their bills on time and in full. Unlike one other nation that lags with the billpaying segment of trade.

China imported 219 billion dollars of goods from Australia, in 2024... heading to top that by at least another 30 billion this year.
I meant within their own economy - and those products are probably used for their exports.

"China announced on Monday that its trade surplus reached almost $1 trillion last year as its exports swamped the globe, while the country’s own businesses and households spent cautiously on imports."

The consequences are that cheap Chinese goods continue flooding the globe.

But IMO, the one iron law of all time is: Everything is Always Changing.

And so will China.

JMO
 
  • #135
I meant within their own economy - and those products are probably used for their exports.

"China announced on Monday that its trade surplus reached almost $1 trillion last year as its exports swamped the globe, while the country’s own businesses and households spent cautiously on imports."

The consequences are that cheap Chinese goods continue flooding the globe.

But IMO, the one iron law of all time is: Everything is Always Changing.

And so will China.

JMO
But isn't that precisely what Trump is attempting to achieve?? USA products 'flooding' the globe??
 
  • #136
That headline is misleading. It makes one assume the entire program was scrapped.

From the link -

However, on Tuesday the Trump administration "informed members of Congress that it was withholding funding for some MEP centers because their work no longer aligns with government priorities." Some $12.9 million in funding set to go to these centers will be impounded by the Department of Commerce's National Institute of Standards and Technology.

“The department is reprioritizing its programmatic activities to ensure that the US secures its position as a leader in critical and emerging technologies such as artificial intelligence and quantum,” said the message sent to Congressional staff. “As such NIST has determined that these cooperative agreements are no longer aligned with the priorities of the department and NIST.”


Trump administration officials informed members of Congress that it was withholding funding for some MEP centers because their work no longer aligns with government priorities.

The Department of Commerce’s National Institute of Standards and Technology (NIST), which administers the program to help manufacturers, emailed lawmakers to say that it would not be paying out nearly $12.9 million that had been due overall this week to MEP centers in 10 states, according to Democratic staff of the House Committee on Science, Space, and Technology who spoke on on the condition of anonymity.

"The department is reprioritizing its programmatic activities to ensure that the US secures its position as a leader in critical and emerging technologies such as artificial intelligence and quantum"

AI and Quantum is not manufacturing jobs for many people. Quantum AI is robotics.
 
  • #137
Thats shocking Trooper!

Desperation could further lead to black marketing of organs such as eyes and kidneys, babies and children sold or trafficked...
It is a matter that is not spoken about very much, yet it is one of the USA"s big export industries, the ghastliness of it defies all rationale. And how desperate , how utterly beaten down must people be to sell their blood .. SELL it..

I should know but I don't;, if you are in hospital in the uSA and you need a blood transfusion, is the actual product. not so much the labour of the transfusion but the actual blood , is that a charge on the patients bill??
 
  • #138
  • #139
Attorney Frank DiPrima revealed what former Wharton marketing professor William T. Kelley told him about Trump: 'Donald Trump was the dumbest 🤬🤬🤬🤬🤬🤬🤬 student I ever had!'

Yep, I saw that quote from Professor Kelley before Trump ran for his first presidential race.
 
  • #140
This from BBC World

"On the stock market, Nike, which makes most of its sportswear in Asia, was amongst the hardest hit with shares down 14%.

Shares in Apple, which relies heavily on China and Taiwan, tumbled 9%."
 
Status
Not open for further replies.

Guardians Monthly Goal

Members online

Online statistics

Members online
110
Guests online
2,004
Total visitors
2,114

Forum statistics

Threads
636,588
Messages
18,699,942
Members
243,767
Latest member
mistastreefa
Back
Top