About Trade Deficits

[Ponca Dan]

The only thing to fear is fear itself.

Rethinking Trade Deficits: Foreign Dollar Holdings Are Really US Exports | The Daily Economy

Rising US trade deficits represent foreigners’ eagerness to invest in America, contributing to our productivity and prosperity.

thedailyeconomy.org

 

[2012Bearcat]

When foreign countries stop placing tariffs, taxes and trade restrictions on American goods/services we can do the same. Simple solution.

 

[Ponca Dan]

When foreign countries stop placing tariffs, taxes and trade restrictions on American goods/services we can do the same. Simple solution.

Why wait? Stop placing tariffs, tax and trade restrictions on our imports and grow wealthier. You’d understand that if you’d read the article and realize you’re being duped by protectionists.

 

[2012Bearcat]

Why wait? Stop placing tariffs, tax and trade restrictions on our imports and grow wealthier. You’d understand that if you’d read the article and realize you’re being duped by protectionists.

Why would we not place tariffs on countries that place tariffs and other restrictions on us?

 

[Ponca Dan]

Why would we not place tariffs on countries that place tariffs and other restrictions on us?

Why would we punish our consumers thinking we’re getting back at countries that punish theirs?

 

[2012Bearcat]

Why would we punish our consumers thinking we’re getting back at countries that punish theirs?

The goal of placing tariffs on these countries is to encourage them to drop their tariffs. That is good for everyone.

 

[Ponca Dan]

The goal of placing tariffs on these countries is to encourage them to drop their tariffs. That is good for everyone.

Explain how forcing consumers to pay higher prices for products they want is good for them. Aren’t consumers part of “everyone?”

 

[2012Bearcat]

Explain how forcing consumers to pay higher prices for products they want is good for them. Aren’t consumers part of “everyone?”

Short term pain, if any, for long term gain.

 

[Ponca Dan]

Short term pain, if any, for long term gain.

If you would bother to educate yourself beyond the political talking points that you’ve been fed you’d learn there is no overall gain from tariffs.

 

[LAY THE WOODY]

Dan's a "scholar".

😉

 

[2012Bearcat]

If you would bother to educate yourself beyond the political talking points that you’ve been fed you’d learn there is no overall gain from tariffs.

Depends but I mostly agree, which is why foreign countries need to eliminate their tariffs on US goods/services or face US tariffs.

 

[Ponca Dan]

Depends but I mostly agree, which is why foreign countries need to eliminate their tariffs on US goods/services or face US tariffs.

Depends but I mostly agree, which is why foreign countries need to eliminate their tariffs on US goods/services or face US tariffs.

Your error, as best as I can make out, is you regard tariffs and threats of tariffs as a political big stick to show another country your dick is bigger than his. But there are some big sticks which have a deleterious effect on your own country, harming as many or more than they help. Tariffs are such an animal. The main victims of tariffs are the people in the country enforcing them. If a country other than yours imposes tariffs on its imports, that's their mistake, and it is unreasonable to think the "cure" is to harm your own citizens in return. The argument against the application of tariffs is an economic argument. You don't seem to be able to grasp that fact. You are too consumed to prove you have the bigger dick.

 

[2012Bearcat]

Your error, as best as I can make out, is you regard tariffs and threats of tariffs as a political big stick to show another country your dick is bigger than his. But there are some big sticks which have a deleterious effect on your own country, harming as many or more than they help. Tariffs are such an animal. The main victims of tariffs are the people in the country enforcing them. If a country other than yours imposes tariffs on its imports, that's their mistake, and it is unreasonable to think the "cure" is to harm your own citizens in return. The argument against the application of tariffs is an economic argument. You don't seem to be able to grasp that fact. You are too consumed to prove you have the bigger dick.

You don't get it Dan, some of us are tired of being taken advantage of then there is you, just fine with the US giving these foreign countries a free ride at the expense of our businesses and farmers.

 

[Ponca Dan]

You don't get it Dan, some of us are tired of being taken advantage of then there is you, just fine with the US giving these foreign countries a free ride at the expense of our businesses and farmers.
[/QUOTE
Please be so kind as to explain how you are being taken advantage of when a foreign government forces its own citizens to pay higher prices.

 

[LAY THE WOODY]

Your error, as best as I can make out, is you regard tariffs and threats of tariffs as a political big stick to show another country your dick is bigger than his. But there are some big sticks which have a deleterious effect on your own country, harming as many or more than they help. Tariffs are such an animal. The main victims of tariffs are the people in the country enforcing them. If a country other than yours imposes tariffs on its imports, that's their mistake, and it is unreasonable to think the "cure" is to harm your own citizens in return. The argument against the application of tariffs is an economic argument. You don't seem to be able to grasp that fact. You are too consumed to prove you have the bigger dick.

Even you Dan have to admit yer impressed with Donald's "big dick". Deny all you want. Sweet dreams Dan. 👍

 

[2012Bearcat]

Please be so kind as to explain how you are being taken advantage of when a foreign government forces its own citizens to pay higher prices.

Sure. Are you involved in exporting your goods or services to a foreign country that then places tariffs on your goods? Yea I didn't think so.

 

[Ponca Dan]

Please be so kind as to explain how you are being taken advantage of when a foreign government forces its own citizens to pay higher prices.

Sure. Are you involved in exporting your goods or services to a foreign country that then places tariffs on your goods? Yea I didn't think so.

So if I understand your logic it goes like this: since a foreign country’s government imposes tariffs on a product exported by someone from your country, making his product more expensive to those foreign citizens, then logic demands your country’s government impose tariffs on products made by someone from that foreign country, making his products more expensive to you.

 

[LAY THE WOODY]

So if I understand your logic it goes like this: since a foreign country’s government imposes tariffs on a product exported by someone from your country, making his product more expensive to those foreign citizens, then logic demands your country’s government impose tariffs on products made by someone from that foreign country, making his products more expensive to you.

Sleepy joe logic Dan. RIP Sleepy joe.

 

[OSUCAESAR]

Ponca Dan, your understanding of Tariffs seems to have come directly from MSNBC. Allow me to educate you.

Tariffs can have a spectrum of effects. You seem to think only the US consumer pays the price when tariffs are enacted. That they "only punish the consumer" blah blah blah. This is absurd on it's face, or else no country would EVER place reciprocal tariffs. Let's talk about when Trump placed tariffs on the Chinese in his first term. What happened? Inflation fell, the Trade deficit with China declined by 1/3, and money flowed to the Treasury. What might happens when you tariff a country? A few scenarios:

1) Total Victory.: The country lowers it's price so has not to lose market share and money goes to the Treasury.

2) Total Victory: The country refuses to lower it's price and a domestic alternative begins making the product in the USA and money goes to the Treasury.

3) Partial Victory: The country partially lowers it's price and loses market share to a domestic competitor. US consumers pay a higher price but money goes to the treasury.

4) Tie. Consumers pay more but money goes to reduce the debt. They chose to pay that tax. I may not be willing to do so.

Tariffs are a win, win win tie for American consumers.

 

[LAY THE WOODY]

Ponca Dan, your understanding of Tariffs seems to have come directly from MSNBC. Allow me to educate you.

Tariffs can have a spectrum of effects. You seem to think only the US consumer pays the price when tariffs are enacted. That they "only punish the consumer" blah blah blah. This is absurd on it's face, or else no country would EVER place reciprocal tariffs. Let's talk about when Trump placed tariffs on the Chinese in his first term. What happened? Inflation fell, the Trade deficit with China declined by 1/3, and money flowed to the Treasury. What might happens when you tariff a country? A few scenarios:

1) Total Victory.: The country lowers it's price so has not to lose market share and money goes to the Treasury.

2) Total Victory: The country refuses to lower it's price and a domestic alternative begins making the product in the USA and money goes to the Treasury.

3) Partial Victory: The country partially lowers it's price and loses market share to a domestic competitor. US consumers pay a higher price but money goes to the treasury.

4) Tie. Consumers pay more but money goes to reduce the debt. They chose to pay that tax. I may not be willing to do so.

Tariffs are a win, win win tie for American consumers.

Now hang on just a minute mister, you can't talk to Dan like that.

 

[Ponca Dan]

Ponca Dan, your understanding of Tariffs seems to have come directly from MSNBC. Allow me to educate you.

Tariffs can have a spectrum of effects. You seem to think only the US consumer pays the price when tariffs are enacted. That they "only punish the consumer" blah blah blah. This is absurd on it's face, or else no country would EVER place reciprocal tariffs. Let's talk about when Trump placed tariffs on the Chinese in his first term. What happened? Inflation fell, the Trade deficit with China declined by 1/3, and money flowed to the Treasury. What might happens when you tariff a country? A few scenarios:

1) Total Victory.: The country lowers it's price so has not to lose market share and money goes to the Treasury.

2) Total Victory: The country refuses to lower it's price and a domestic alternative begins making the product in the USA and money goes to the Treasury.

3) Partial Victory: The country partially lowers it's price and loses market share to a domestic competitor. US consumers pay a higher price but money goes to the treasury.

4) Tie. Consumers pay more but money goes to reduce the debt. They chose to pay that tax. I may not be willing to do so.

Tariffs are a win, win win tie for American consumers.

Well, you’ll probably get what you’re asking for. Trump seems determined to impose his tariffs and there’s not a thing we who are against them can do about it. The future is in your hands. We’ll see if Trump’s tariffs bring the economic stability and prosperity you think will happen.

 

[2012Bearcat]

Well, you’ll probably get what you’re asking for. Trump seems determined to impose his tariffs and there’s not a thing we who are against them can do about it. The future is in your hands. We’ll see if Trump’s tariffs bring the economic stability and prosperity you think will happen.

Versus the economic stability and prosperity of 37 trillion in debt and another 200 trillion in unfunded liabilities?

 

[Ponca Dan]

Versus the economic stability and prosperity of 37 trillion in debt and another 200 trillion in unfunded liabilities?

You are not so stupid - no one can be that stupid - to believe the debt and unfunded liabilities have taken place because Canada has higher tariffs than us.