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This guy thinks he’ll win a trade war with President Trump

I find it amazing how things just pop up on everyone’s radar because trump.

Tariffs by the thousands back and forth between countries for decades.
 
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What is on the governor of south alaska’s socks?

@Ponca Dan, if there are less tariffs and trade barriers after trump’s negotiations will you admit his bluster was a useful strategy to achieve more of what you want in your March for free trade?

If we are worse off I will definitely say you were right.
 
There are only losers in trade wars. Nobody wi
What is on the governor of south alaska’s socks?

@Ponca Dan, if there are less tariffs and trade barriers after trump’s negotiations will you admit his bluster was a useful strategy to achieve more of what you want in your March for free trade?

If we are worse off I will definitely say you were right.
Yes, I will agree his bullying tactics worked. I have never said otherwise. What I have said is he can cry wolf one too many times and it will backfire, and cause you and me great distress. Just so you know, I hope it works.
 
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There are only losers in trade wars. Nobody wi

Yes, I will agree his bullying tactics worked. I have never said otherwise. What I have said is he can cry wolf one too many times and it will backfire, and cause you and me great distress. Just so you know, I hope it works.

I have no doubt you hope it works. That’s what separates our disagreements from some of the people here who root for failure just to be right.
 
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This tariffs argument is silly. The world has lots of tariffs. The question is are we going to do something about it or are we going to just keep on getting bent over by the rest of world?

Looks to me like the President is playing hard ball to get rid of them. Isn't that what you want Ponca?
 
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This tariffs argument is silly. The world has lots of tariffs. The question is are we going to do something about it or are we going to just keep on getting bent over by the rest of world?

Looks to me like the President is playing hard ball to get rid of them. Isn't that what you want Ponca?
Yes, I would like to see the elimination of all tariffs. Where you and I disagree, it seems, is you think America is “getting bent over” from foreign tariffs, and I argue it is the foreign consumer that is being hurt by foreign tariffs on American products.

Take the Trump administration incessantly pointing out that Canada has an almost 300% tariff on American dairy. That is much more harmful to the Canadian consumer who, because of the tariffs his government has imposed, has reduced access to American products, is faced with higher prices he prefers American products, gets jobbed by Canadian dairy producers who raise their prices because they have no competition from America, and on top of all that get taxed to help pay for any subsidies the Canadian government might be providing its dairy producers.

Any tariffs the US puts on foreign imports does the same thing to the American consumer. It is penalizing our own people in response to foreign government penalizing their people.

That’s an explanation virtually every economist will give you, with the exception of the protectionist, mercantilist crowd that has captured Trump’s ear.

Having said all that, I truly hope we can avert a trade war. Trump is being a bully. Usually I root against bullies. But this time I hope he’s successful.
 
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Yes, I would like to see the elimination of all tariffs. Where you and I disagree, it seems, is you think America is “getting bent over” from foreign tariffs, and I argue it is the foreign consumer that is being hurt by foreign tariffs on American products.

Take the Trump administration incessantly pointing out that Canada has an almost 300% tariff on American dairy. That is much more harmful to the Canadian consumer who, because of the tariffs his government has imposed, has reduced access to American products, is faced with higher prices he prefers American products, gets jobbed by Canadian dairy producers who raise their prices because they have no competition from America, and on top of all that get taxed to help pay for any subsidies the Canadian government might be providing its dairy producers.

Any tariffs the US puts on foreign imports does the same thing to the American consumer. It is penalizing our own people in response to foreign government penalizing their people.

That’s an explanation virtually every economist will give you, with the exception of the protectionist, mercantilist crowd that has captured Trump’s ear.

Having said all that, I truly hope we can avert a trade war. Trump is being a bully. Usually I root against bullies. But this time I hope he’s successful.

Uh, that’s the whole thing. We’ve been allowing tariffs on our exports for years while having none on imports.

This tariff war hysteria is bullshit. Trump didn’t start shit. He’s reacting to unfair tariffs and calling for fair “free” trade.

This is something you should support. Instead you bought in to the narrative and assumed Trump was wrong.

The reality is we took a progressive POV and tried to ”make all things equal” which meant the US paying out the nose because “privilege.”
 
Trump with Macron at G7 today — he doesn’t let anyone box him into positions, or waste time


 
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Uh, that’s the whole thing. We’ve been allowing tariffs on our exports for years while having none on imports.

This tariff war hysteria is bullshit. Trump didn’t start shit. He’s reacting to unfair tariffs and calling for fair “free” trade.

This is something you should support. Instead you bought in to the narrative and assumed Trump was wrong.

The reality is we took a progressive POV and tried to ”make all things equal” which meant the US paying out the nose because “privilege.”

How is the US paying out the nose? If our government doesn’t impose tariffs on imported goods that means American consumers buy those goods at a lower price. No paying out the nose there.

You do understand that it is the consumer that pays for the tariff, don’t you? If the steel tariff stays in effect what that ultimately means is products made in America using foreign steel will cost more for Americans to buy.

The higher price for those products will wean out the marginal buyer who could barely afford the product to begin with. Fewer buyers of those products means fewer of those products will be sold, which means fewer employees are needed to make them, thus some of them get laid off.

The steel tariff saved jobs for steel workers, but cost the jobs of workers in other downstream industries.

That’s what happened when Bush put tariffs on steel. He “saved” 100,000 steel jobs while 140,000 other people lost their jobs. That’s when he realized his mistake and abandoned his tariffs.

If Trump makes good on his 25% tariff on imported automobiles estimates of job losses go as high as 600,000 people.

Tariffs are government interference in the pricing process. Prices are the signal to the public how scarce the product is in relationship to how much demand there is for it. Interference in that signal winds up messing with the entire spontaneous mechanism. Most tariffs are not necessarily a disaster, but they are one more wrench in the gears.

There is nothing good about tariffs. They hurt consumers. They spark trade wars. There are no winners in trade wars. Everybody loses in a trade war.

Retaliation against foreign tariffs have negative unintended consequences that spread across the whole economy. Retaliation is nothing more than Trump bragging to the world how big his dick is. And as we all know by looking at his tiny hands he’s bluffing.
 
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Don’t sit here and focus on zero tariffs on imports.

If you bring in cheaper goods but can’t export goods at the same zero rate you hurt the American workers, productivity, etc.

It’s called free trade

Not free for us but we’ll tax yours
 
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Incredible G7 press conference from this morning — defending Ameican farmers, workers and calling for and end to tariffs.

Now off to Singapore to meet the North Koreans.

Press play. You won’t find this boring.


 
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Part of what terrifies the establishment is the fact that a competent negotiator could shatter the multiple illusions of impasse around the world which existed not because they couldn’t be solved but because they served other globalist purposes.

“Competent negotiator” lol. Big ole Pom poms. And globalism keeps prices low
 
@Ponca Dan watch from 8:00 to around 14:00 please. Free trade with 0 tariffs is the goal.

Yes, I watched it and am praying he succeeds. My only quibble with his analysis is he doesn’t seem to understand that “we” don’t pay the tariffs. The foreign consumer does. I stand up and cheer for his desire to create a tariff-free, subsidy-free international marketplace. Larry Kudlow seems to be influencing him away (a little bit) from the protectionist/mercantilist people that have been advising him. Three cheers for that!

From a political/philosophical standpoint it irks me to no end that he thinks he can tell the American individual who he can trade with, as if he’s a tyrant. American individuals should be free to trade anything with anyone regardless of the geography involved. Regrettably he thinks he can be tyrannical in this regard because the American people have slavishly granted the President that power over them. But that’s for a whole different thread.
 
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Yes, I watched it and am praying he succeeds. My only quibble with his analysis is he doesn’t seem to understand that “we” don’t pay the tariffs. The foreign consumer does. I stand up and cheer for his desire to create a tariff-free, subsidy-free international marketplace. Larry Kudlow seems to be influencing him away (a little bit) from the protectionist/mercantilist people that have been advising him. Three cheers for that!

From a political/philosophical standpoint it irks me to no end that he thinks he can tell the American individual who he can trade with, as if he’s a tyrant. American individuals should be free to trade anything with anyone regardless of the geography involved. Regrettably he thinks he can be tyrannical in this regard because the American people have slavishly granted the President that power over them. But that’s for a whole different thread.

There's an intrinsic relationship between people as consumers and people as gainfully employed that frequently seems to be missing from your criticisms.
 
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There's an intrinsic relationship between people as consumers and people as gainfully employed that frequently seems to be missing from your criticisms.
Perhaps I am missing something. Would you care to explain what it is?
 
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