https://www.google.com/amp/s/www.cn...or-fourth-straight-month-hits-76-billion.html
Promises promises lol
Promises promises lol
Trade Deficit
- Thread starter CSCOTTOSUPOKES
- Start date
LOL, of all people you shouldn’t be LOLing this. It’s unskilled, unteachable workers that hurt most by outsourcing. I’m guessing it is the major reason you live in your mommie’s basement.
I really dont blame you because you have zero experience in China imports so let me help you a bit.. Again!
Tariffs were recently applied and everyone knew it was going to happen so they placed and increased orders. You also need to understand that this quarter is the shipping/importing industries largest. I can give you two hints to why.. 1) Christmas, 2) Chinese New Year (Feb and factories close for ~3 weeks).
You are welcome.
I take it from your response that you believe the so called trade deficit will soon begin to drop because of the tariffs. How soon after Christmas and the Chinese New Year do you expect this to happen? Do you have a time frame in mind?
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No, I do not think they will drop until there is an agreement made with China. I am just giving a reason why they are currently increasing.
The bully tactics aren’t working. Period. You can’t even attempt to slice it any other way lol
Except they have been working...just not with China yet but I don’t think we have pressed them either. LOL, Carry in.
Several rounds of new tariffs...hard to say we haven’t pressed them, and they press right back
Stunning contention! Caterpillar threatening layoffs, Ford facing $1 billion loss, Harley Davidson looking to move production overseas, steel companies - steel companies! - facing a downturn, the Fed planning hikes in interest rates, international supply chains put into chaos, consumers being hit with higher prices, smaller companies planning and executing layoffs. No, you are wrong, they are not working.
How are tariffs responsive for the Fed hiking interest rates?
Manufacturing has been moving overseas for decades. Putting tariffs on China is not the reason these companies are doing it. They might publicly say it as they are given shade, but it’s not the reason.
International supply chains NEED to be put into chaos. That isn’t a bad thing at all.
I’ve not paid higher prices for anything yet.
We have more job openings than unemployed people.
The Fed views rising prices as an indication of inflation (an increase in the money supply). The increase in prices caused by the tariffs have sent an inflationary signal to the Fed even though the increase in prices are not caused by increasing the money supply.
The Fed’s “cure” for inflation is to raise interest rates. Raising interest rates are supposedly designed to slow inflation by making it harder for businesses to access money.
But the higher prices are not a result of inflation but, rather, have been caused by the tariffs.
Businesses are squeezed on one side by higher prices and in the other side by reduced access to money.
Marginal smaller companies, who employ the majority of workers, are the most susceptible. They will attempt to survive by cutting costs, which means laying off workers, which is usually the highest expense they face.
Free market economists from across the spectrum, from Krugman on the left to Boudreaux in the right have tried to explain this to Trump’s advisors. But Trump’s advisors are nationalists and protectionists, and they emphatically ignore the advice.
Just as in all government intervention, whether it be socialism, crony capitalism or a mixed economy, the programs always seem to work in the beginning. But eventually reality catches up with the policy and hardship ensues.
In an earlier post there was talk that China’s economy is starting to show cracks. Those cracks were there long before Trump appeared in the scene. China’s dictator has been attempting to return to a command economy, drifting away from the free market reforms that had brought prosperity. It was only a matter of time for reality to intervene. Patience has not been a strong point with Trump - or for America in general, for that matter.
So, you’re saying that you can figure this out about inflation but no k e over at the Federal Reserve can? BTW, the Fed was raising the discount rate before any tariffs were in effect, actually, before they were even discussed.
Why the bump? You think things are improving here? Lol...they aren’t...in fact they’re the worst they’ve ever been...
https://www.google.com/amp/s/www.marketwatch.com/amp/story/guid/3AF688B0-DDF5-11E8-852A-631B6AB313B9
True. What the new tariffs have done is make him screw himself. There is no way their economy could continue on the growth it had. He was trying to slow it down before it crashed.
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