Trump's Trade Wars - another disaster
POSTED BY: captaincrunch
UPDATED: Tuesday, July 7, 2020 08:51
VIEWED: 14929
PAGE 12 of 17
Quote:FIFY
Originally posted by second:Quote:
Originally posted by 1kiki:
To recap - Your FIRST graph does NOT show that trade policy is a driver of trade imbalances. Your SECOND graph NOT show that the US has maintained robust manufacturing economy. And your point about manufacturing NOT existing to create jobs is a strawman argument.
And if democrats don't do anything different, how are they any better?
tic tac
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Quote:Since 1 June, the Dow has gained 1,250 points. About 5%. Is this the reason this nonsense thread has been spurred?
Originally posted by JEWELSTAITEFAN:Quote:And the last few days the markets are climbing like crazy. So another post here. Nitwits.
Originally posted by JEWELSTAITEFAN:Quote:And yet again today Dow climbed above 26,000 - and here we have another bump of the thread.
Originally posted by JEWELSTAITEFAN:
Why does this thread seem to get bumped when the Markets are climbing? This time to the highest point in almost 4 months.
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This seems to belong here:
The US ramped up its LNG (liquefied natural gas) production, adding new facilitates, in anticipation of China's increasing demand.
But China curtailed US LNG imports after the trade war started, choosing to meet its +33% demand from Jan 2017 by importing from other countries.
FWIW, Europe is still dependent on Russian pipeline gas, since it's far cheaper than US LNG.
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U.S. manufacturers are shifting production to countries outside of China as trade tensions between the world’s two biggest economies stretch into a second year. . . . The biggest beneficiaries of that decline have been other countries in Asia where production costs are low, such as Vietnam, India, Taiwan and Malaysia.
“We’re moving production to other parts of the world,” Marvin Edwards, chief executive of CommScope Holding Co., said in June. The Hickory, N.C., company is making antennas for sale in the U.S. at its plant in India instead of China.
Wait. What about America?
There is little evidence, though, of U.S. manufacturers bringing production from China back to the U.S., a move the Trump administration hoped the tariffs would encourage. While imports from other Asian countries have climbed, U.S. manufacturing output has declined 1.5% through May from a recent peak reached in December, according to the Federal Reserve. The Institute for Supply Management said earlier this month that its manufacturing index slipped again in June to the lowest level since 2016.
More at www.wsj.com/articles/manufacturers-move-supply-chains-out-of-china-115
63096601
Tariffs on China might eventually force them to change some of their bad trade behavior, if Trump is smart enough to cut a serious deal, but that’s all. It will do nothing to bring low-value manufacturing back to the United States.
Anyone who wants to pretend this is great news for American workers is just joining in the Trump con.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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With Trump’s announcement on Thursday of tariffs on another $300 billion of Chinese imports, nearly all goods from China will be subject to import taxes, and Trump says they generate billions of dollars in revenues for the U.S. Treasury from China. But that is not how tariffs work. China’s government and companies in China do not pay U.S. tariffs directly. Tariffs are a tax on imported products and are paid by U.S.-registered firms to U.S. customs when goods enter the United States. U.S. business executives and economists say U.S. consumers foot much of the tariff bill.
That was why, immediately after Trump announced his decision, U.S. retailers blasted the move as “another tax increase on American businesses and consumers,” which they warned would threaten U.S. jobs and raise costs for American families.
Higher duties on imports of Chinese and other products, for example, increased Caterpillar Inc’s production costs by $70 million in the last quarter. It expects to pay between $250 million and $350 million in tariffs this year. In response to higher manufacturing costs, the heavy equipment maker has increased prices.
Walmart Inc, the world’s largest retailer, and department store chain Macy’s Inc have warned of an increase in prices for shoppers due to higher tariffs on goods from China.
More at www.reuters.com/article/us-usa-trade-china-tariffs-explainer/explainer
-trumps-china-tariffs-paid-by-u-s-importers-not-by-china-idUSKCN1UR5YZ
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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You like paying taxes. What do you care?
Do Right, Be Right. :)
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Trump's $300bn China tariff threat sends markets into tailspin
Donald Trump’s surprise decision to escalate the trade war with tariffs on another $300bn of Chinese goods has sent global financial markets into a tailspin.
After sharp falls on Wall Street in the wake of the US president’s announcement on Twitter on Thursday, Asian share prices plummeted on Friday morning as growing hopes that the world’s two economic superpowers would be able to reach a deal were dashed.
In Tokyo the Nikkei was down 2.3% on Friday, with similar falls in Hong Kong and Shanghai. The Kospi was down 0.9% in Seoul while in Sydney the benchmark ASX200, which passed its pre-global financial crisis all-time high on Tuesday, fell 0.5%.
https://www.theguardian.com/business/2019/aug/02/trumps-300bn-china-ta
riff-threat-sends-markets-into-tailspin
T 
Thought I'd post this again second since jack deflected. I thought he may want to give it a whack.
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Quote:
Originally posted by THUGGER
https://www.theguardian.com/business/2019/aug/02/trumps-300bn-china-ta
riff-threat-sends-markets-into-tailspin
Thought I'd post this again second since jack deflected. I thought he may want to give it a whack.
What do you mean 'post this AGAIN'? It was published Aug 2, 2019. Do you mean to say you time-traveled and posted this article earlier, before it came out?
The insane never-Trumpers will be driven even more insane in the wash/ rinse/ spin/ repeat/ cycle they mistake for the real world.
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Quote:
Originally posted by THG:
Trump's $300bn China tariff threat sends markets into tailspin
Donald Trump’s surprise decision to escalate the trade war with tariffs on another $300bn of Chinese goods has sent global financial markets into a tailspin.
After sharp falls on Wall Street in the wake of the US president’s announcement on Twitter on Thursday, Asian share prices plummeted on Friday morning as growing hopes that the world’s two economic superpowers would be able to reach a deal were dashed.
In Tokyo the Nikkei was down 2.3% on Friday, with similar falls in Hong Kong and Shanghai. The Kospi was down 0.9% in Seoul while in Sydney the benchmark ASX200, which passed its pre-global financial crisis all-time high on Tuesday, fell 0.5%.
https://www.theguardian.com/business/2019/aug/02/trumps-300bn-china-ta
riff-threat-sends-markets-into-tailspin
T
Thought I'd post this again second since jack deflected. I thought he may want to give it a whack.
What do I care if the markets fall? I've been saying since long before you were a member here that the DOW doesn't mean shit to anybody that isn't rich.
Financially, we're all fucked buddy. Better strap in. I'll be alright. I already know how to deal with it. I'd worry more about yourself and your own future if I were you.
Do Right, Be Right. :)
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Here's how the stock market lost more than $1.4 trillion (and counting) in less than a week
It took just four brutal trading days for a $1.4 trillion wipeout in the S&P 500 stock value. From the Federal Reserve's disappointing comments on the future of interest rates to President Donald Trump's surprise tariffs to China's weaponizing of the yuan, the record-long bull market took a big hit in a relatively short time.
https://www.msn.com/en-us/money/markets/heres-how-the-stock-market-los
t-more-than-dollar14-trillion-and-counting-in-less-than-a-week/ar-AAFnQhs?ocid=spartanntp
T
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