Trade Wars and how to win 'em

[Forty Two]

China:
“Especially given today’s globalisation, choosing a trade war is a mistaken prescription. The outcome will only be harmful,” the foreign minister said.

“China would have to make a justified and necessary response,” he said.

Wang said China had a long way to go on its path of modernisation, and that it “will not and need not displace the United States”.

Big deal - China is not afraid of enacting protectionist measures. They have tons of 'em. That's the point Trump made during the election. The trade situation is not fair because US goods are subjected to more onerous protectionist measures than goods coming into the US.

[Forty Two]

The childish mind of Trump. American prices are high because of the arrogance of the 1% who think the world is waiting for American goods. It is like the Brexiteers claim: "They need us more than we need them". The world does not need American goods. It is a really a 'cut yoor nose to spite your face' job. He is a first grade twat.

Then what are you worried about? What do you even care?

Methinks thou dost protest too much.

[JimC]

That says nothing about your opinion on the steel and aluminium tariffs, and the possible consequences, good or bad...

[Tero]

Huh? The 25% and 2.5% are not there due to free trade. They are due to the lack of a trade deal!
https://www.cnbc.com/2018/03/08/elon-mu ... -cars.html

[Tero]

Still messing with Canada and Mexico:
But legal experts say Trump and his advisers have undermined their own national security case by tying restrictions on Canada and Mexico to their cooperation in NAFTA talks. Those two countries were officially exempted from the tariffs for national security reasons, but Trump continued to tie their exclusion to the outcome of NAFTA negotiations in his remarks before signing the tariff orders.

Politico

[pErvinalia]

All it takes is Trump to be President, and suddenly the Left are all free traders.

Now, Democrats see NAFTA as sacrosanct and free trade deals as essential.

We are against tariffs. We have always been against tariffs.

What was the Dems actual position? I would have thought most them would have supported NAFTA given they are neoliberals. Perhaps their opposition was for political gain. In any case, a lot on the left support the notion of fair trade, which is still free trade just without the extra financial strictures and general exploitation.

[Tero]

China:
“Especially given today’s globalisation, choosing a trade war is a mistaken prescription. The outcome will only be harmful,” the foreign minister said.

“China would have to make a justified and necessary response,” he said.

Wang said China had a long way to go on its path of modernisation, and that it “will not and need not displace the United States”.

Big deal - China is not afraid of enacting protectionist measures. They have tons of 'em. That's the point Trump made during the election. The trade situation is not fair because US goods are subjected to more onerous protectionist measures than goods coming into the US.

Then sign the damn trade deals! Lack of deals makes tariffs. Also with no deal, patents can’t be enforced.

[rainbow]

All it takes is Trump to be President, and suddenly the Left are all free traders.

Libruls always were free traders

[laklak]

We are against tariffs. We have always been against tariffs.

What was the Dems actual position? I would have thought most them would have supported NAFTA given they are neoliberals. Perhaps their opposition was for political gain. In any case, a lot on the left support the notion of fair trade, which is still free trade just without the extra financial strictures and general exploitation.[/quote]

THe Dems don't have any actual positions. They're like the ass end of a weather vane, whatever way the GOP points they point in the opposite direction.

[Rum]

I'm depressed. It seems the UK is going cap in hand to the USA and asking them if we can be exempt too please sir. Pathetic.

[Joe]

All it takes is Trump to be President, and suddenly the Left are all free traders.

Now, Democrats see NAFTA as sacrosanct and free trade deals as essential.

We are against tariffs. We have always been against tariffs.

What was the Dems actual position? I would have thought most them would have supported NAFTA given they are neoliberals. Perhaps their opposition was for political gain. In any case, a lot on the left support the notion of fair trade, which is still free trade just without the extra financial strictures and general exploitation.

Forty Two's namesake signed the Act, and here's what Wikipedia says about the vote:

After much consideration and emotional discussion, the US House of Representatives passed the North American Free Trade Agreement Implementation Act on November 17, 1993, 234–200. The agreement's supporters included 132 Republicans and 102 Democrats. The bill passed the Senate on November 20, 1993, 61–38.[21] Senate supporters were 34 Republicans and 27 Democrats. Clinton signed it into law on December 8, 1993; the agreement went into effect on January 1, 1994.[22][23] Clinton, while signing the NAFTA bill, stated that "NAFTA means jobs. American jobs, and good-paying American jobs. If I didn't believe that, I wouldn't support this agreement."[24] NAFTA then replaced the previous Canada-US FTA.

I remember the slogan was, "NAFTA, cause we hafta."

[Tero]

For sure, you don’t have to attack the US anymore because Brexit. Win win! Europe can leave!

[Tero]

Let’s just put it on the credit card
http://abcnews.go.com/Business/credit-c ... d=53608548&

We can just wait for repossesions. Just see if the Mexicans come to Merica to take the cars they made back!

[Tero]

Trade deficit explained. Two factories make 1000 cars in a month. In Mexico they make 1000 red Malibus. In Alabama they make 1000 blue Malibus. No red Malibus are made in USA. US buyers want some red Malibus. With cheaper labor, 150 red Malibus are sent to US at Mexican bulk price. Mexicans want some blue Malibus. In exchange for the same money, 100 American blue Malibus are sent over.
Mexicans end up 50 Malibus less.

They sell all the 850 remaining Malibus to Brazil, who were willing to pay more than Americans.

[pErvinalia]

I'm depressed. It seems the UK is going cap in hand to the USA and asking them if we can be exempt too please sir. Pathetic.

Looks like Australia has sorted an exemption.