Next Day Err
Well-Known Member
We will never expand and grow our economy by tariffing ourselves into prosperity. I promise you.
THE TRUMP 2024 THREAD
- Thread starter Wally
- Start date
UnionStrong
Sorry, but I don’t care anymore.
Probably a RTW scab
No, manufacturing will move to countries that are more open to American products. China is too one way on trade. And more big ticket items will be made in the States. When you factor in the transportation costs of importing goods then products made here get more competitive.
Next Day Err
Well-Known Member
lol they're already backpedaling. Probably were on the phone all day with corporate leaders between trips to the bathroom to make diarrhea.
UnionStrong
Sorry, but I don’t care anymore.
Winner winner, chicken dinner
Doublestandards
Well-Known Member
@Over70irregs you lied to me?!?
Next Day Err
Well-Known Member
China sells us something. We get the good. They get the dollar.
When you go to a sandwich shop, do you pay them in sandwiches or dollars?
You pay them in dollars. You get the sandwich. That's how trade works. Trade imbalances don't automatically imply that something's wrong. lol
Ya'll need Macroeconomics 101 like, stat.
Thebrownblob
Well-Known Member
I don’t think he is, but he certainly has the mindset
Next Day Err
Well-Known Member
I'm sure corporate leaders just forgot to include costs of transportation.
When China greatly restricts our products from entering their market, while also stealing our proprietary technology, then getting away from China is Macroeconomics 101.
Next Day Err
Well-Known Member
I'm extremely anti-RTW. Although I live in a state that is constantly giving power to pro-RTW Republicans while also constantly voting in referendums against RTW laws.
We're very smart here.
Next Day Err
Well-Known Member
You're a little behind the times. Businesses are already diversifying away from China and have been for a good while now. The free market is smarter than a few political heads of state that want to desperately look tough to the uneducated.
Thebrownblob
Well-Known Member
Yes, with your Me me attitude, I couldn’t tell
Anything that's heavy and bulky will absolutely have greater shipping costs from China than if it were made in the U.S. When you factor that in, plus all the problems associated with dealing with the Chinese, then American made is worth a little extra.
They sure are. In the last couple of years. But we have tons of stuff still made in China and imported here. To the tune of more than half a trillion a year in trade imbalance. Just how uneducated are you?
Thebrownblob
Well-Known Member
2018 was a very big year
Next Day Err
Well-Known Member
The trade imbalance isn't an emergency. They get money, we get the products. China buys U.S. Treasuries. There's a benefit to the United States in the stable exchange rate we have with China which comes from the Chinese buying Treasuries. Not to mention they help us by providing loans to us. We get to fund government services without having to tax the crap out of people.
Both countries are better off. You can't punish your way into prosperity. Ask Napoleon or Adolf Hitler. We're not going to conquest our way into an even better way of life.
The Cycle of International Trade
- U.S. imports more from China than it exports → China accumulates dollars.
- China needs a place to invest those dollars → It buys U.S. Treasuries.
- Buying Treasuries keeps the yuan stable → This helps China maintain its export-driven economy.
- The U.S. benefits from cheap borrowing → It can fund government spending more easily.
By the way, we stole plenty of technology from Great Britain and Europe since before our economy was even beginning the industrialization process.
Next Day Err
Well-Known Member
It works both ways with all countries that trade with us.
Come on guys. He might be into importing illegal immigrants for their cheap labor but he's also anti-RTW.
