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Full Version: Trump wants a 45% tarrif on all Chinese imports good idea or bad?
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Quote:Trump supporters keep telling me he doesn't mean what he says, weather it's what he said before he became a Republican candidate or what he says while campaigning is just hyperbole to start a conversation. At some point we have to take the man at his word and not what we want to believe him to be.
Those supporters are oversimplifying the reality.  I think Trump is very much like most people out there who aren't professional politicians.  His opinions change based on circumstances of the day.  His opinions have been almost solely influenced by what's best for Trump up until he entered the political arena.  What sounds outrageous today becomes almost a reasonable proposal for many over time.  There's a lot of hot air and showmanship involved, but if you read some of the specifics on his proposals, he's got a plan. 

 

I'm not a fan, but I do enjoy the fact that he doesn't shy away from a topic, even if the political experts have deemed the subject too toxic to bring up. 

 

There's a reason he's drawing voters from both sides of the aisle.  I think most are simply sick and tired of professional politicians and the ruling class telling us what we should think.
Quote:Those supporters are oversimplifying the reality. I think Trump is very much like most people out there who aren't professional politicians. His opinions change based on circumstances of the day. His opinions have been almost solely influenced by what's best for Trump up until he entered the political arena. What sounds outrageous today becomes almost a reasonable proposal for many over time. There's a lot of hot air and showmanship involved, but if you read some of the specifics on his proposals, he's got a plan.


I'm not a fan, but I do enjoy the fact that he doesn't shy away from a topic, even if the political experts have deemed the subject too toxic to bring up.


There's a reason he's drawing voters from both sides of the aisle. I think most are simply sick and tired of professional politicians and the ruling class telling us what we should think.


Agreed he's not the normal politician, I guess my problem is I take what he says as what he means, crazy concept I guess.

Guest

Quote:http://www.washingtonexaminer.com/article/2579850


I don't see how this wouldn't hurt the overall economy right from the start. Your talking about a massive increase on the cost of goods across the board. Instead of focusing on how we can encrouage domestic growth by cutting regulations and tax breaks for domestic companies trumps solution is more taxes? Wake up conservatives this guy isn't what he says.
It's been pretty obvious from the get-go that he is not a conservative; even after declaring himself as a Republican, he still has not explained his flip-flops.

Quote:Agreed he's not the normal politician, I guess my problem is I take what he says as what he means, crazy concept I guess.
 

If he somehow manages to hoodwink this country into electing him, we'll see what his word is worth. 
Quote:Knowing Trump's campaign so far, it was probably hyperbole, but who knows. He has been a chess player so far, and his moves are so far ahead of everyone else it is hard to keep up. Trump understands international business and maybe realizes that his blanket plan is extreme, so the statement was put forward to do exactly that, make a statement that we won't be controlled by China any further.
 

So your excuse for what he says is that he doesn't really mean it? 
Quote:http://www.washingtonexaminer.com/article/2579850


I don't see how this wouldn't hurt the overall economy right from the start. Your talking about a massive increase on the cost of goods across the board. Instead of focusing on how we can encrouage domestic growth by cutting regulations and tax breaks for domestic companies trumps solution is more taxes? Wake up conservatives this guy isn't what he says.
 

A 45% tariff on goods imported from China would cause both their economy and our economy to collapse completely, causing a worldwide depression.   Everyone with any sense knows that taxes are a drag on economic activity.   This proposed ginormous tariff would be like tying a concrete block to our economy and throwing it into the ocean.  
http://www.forbes.com/sites/baizhuchen/2...riff-wall/


Hes going to be asked about it and the he will talk about what china actually does to us.
There are plenty if IFs. The big IF is IF he gets elected.

My bet offer still stands. He won't be the next Potus.

I,too, like how he is stirring the political pot. However his antics are hurting the GOP more than the Dems.
I dont think thats true.
Won't happen. Because:


A) We would need to be prepared for China to issue a significantly higher tariff on us as well. Business community would strongly oppose that.


B ) Major US businesses (say Walmart for example) would put so much pressure on their representatives in Congress to prevent this from happening so that there is not a rise in the price of the products that they sell that are manufactured in China (which is a lot of them.)
Quote:So your excuse for what he says is that he doesn't really mean it? 
 

He definitely means to put tariffs on China, and I agree with that. Not sure it will be 45%, after all this would have to go through congress as well. I understand why he says 45% though, because it creates discussion, like this one. If he had said a 5% tariff on China, no one would be even talking about trade with China.
For the record china basically has a tarriff wall protecting their markets. Its extremely hard for us to get distribution there. They manipulate their currency to artificially cut our domestic manufacturing and steal our intilectual property.
Quote:For the record china basically has a tarriff wall protecting their markets. Its extremely hard for us to get distribution there. They manipulate their currency to artificially cut our domestic manufacturing and steal our intilectual property.


And have an almost unlimited supply of slave labor to boot.
China is the largest consumer nation in the world. A lot of their goods are produced by American companies manufacturing goods in China. Does it make sense to shut that door?

 

Regards...................the Chiefjag

Quote:China is the largest consumer nation in the world. A lot of their goods are produced by American companies manufacturing goods in China. Does it make sense to shut that door?

 

Regards...................the Chiefjag
 

No, but does it make sense to make trade a one-way street?
Quote:No, but does it make sense to make trade a one-way street?
 

It's not a one- way street.   They sell us worthless junk, we give them worthless paper in return.  

 

Seriously, though, the way I see it, they intentionally depress the value of their currency vs the dollar to make their exports cheaper for us to buy.   As they sell us more stuff than we sell them, they wind up with excess dollars.   If they exchange those dollars for their own currency, that changes the supply demand ratio of those two currencies enough to depress the value of the dollar and raise the value of their currency.   They don't want that to happen, because raising the value of their currency vs the dollar would make their exports more expensive for Americans to buy.   So they don't want to exchange the dollars on the open market.   So what can they do?   They can use the dollars to buy US government debt.   Again, supply/demand.   Buying US government debt decreases the supply of US government debt on the open market, raising the value of the dollar.   They want a strong dollar and a weak yuan, because that makes their exports cheaper for Americans to buy. 

 

How to cure the trade deficit?   Devalue the dollar.   That would make US exports cheaper on the world markets.  Unfortunately, it would also make imports to the US more expensive for US factories and consumers.  In addition, if the Chinese did not have a trade surplus with the United States, they would not be buying all that US government debt with their excess dollars.   Without the Chinese buying US government debt, that $18 trillion of US Treasury debt would have to carry a higher interest rate, and that would make our deficit explode.  

 

If you read this far, congratulations.   In my humble opinion, even if you think Chinese-American trade is a one-way street, the solution will not be a simple of painless thing.   The cure might be worse than the disease.  

Quote:It's not a one- way street.   They sell us worthless junk, we give them worthless paper in return.  

 

Seriously, though, the way I see it, they intentionally depress the value of their currency vs the dollar to make their exports cheaper for us to buy.   As they sell us more stuff than we sell them, they wind up with excess dollars.   If they exchange those dollars for their own currency, that changes the supply demand ratio of those two currencies enough to depress the value of the dollar and raise the value of their currency.   They don't want that to happen, because raising the value of their currency vs the dollar would make their exports more expensive for Americans to buy.   So they don't want to exchange the dollars on the open market.   So what can they do?   They can use the dollars to buy US government debt.   Again, supply/demand.   Buying US government debt decreases the supply of US government debt on the open market, raising the value of the dollar.   They want a strong dollar and a weak yuan, because that makes their exports cheaper for Americans to buy. 

 

How to cure the trade deficit?   Devalue the dollar.   That would make US exports cheaper on the world markets.  Unfortunately, it would also make imports to the US more expensive for US factories and consumers.  In addition, if the Chinese did not have a trade surplus with the United States, they would not be buying all that US government debt with their excess dollars.   Without the Chinese buying US government debt, that $18 trillion of US Treasury debt would have to carry a higher interest rate, and that would make our deficit explode.  

 

If you read this far, congratulations.   In my humble opinion, even if you think Chinese-American trade is a one-way street, the solution will not be a simple of painless thing.   The cure might be worse than the disease.  
 

Don't worry, global currency then the removal of cash entirely will be the proposed solution and it'll work out just as well as the Euro has.

 

We have nothing to worry about.

 

No sir, nothing at all.
Quote:It's not a one- way street.   They sell us worthless junk, we give them worthless paper in return.  

 

Seriously, though, the way I see it, they intentionally depress the value of their currency vs the dollar to make their exports cheaper for us to buy.   As they sell us more stuff than we sell them, they wind up with excess dollars.   If they exchange those dollars for their own currency, that changes the supply demand ratio of those two currencies enough to depress the value of the dollar and raise the value of their currency.   They don't want that to happen, because raising the value of their currency vs the dollar would make their exports more expensive for Americans to buy.   So they don't want to exchange the dollars on the open market.   So what can they do?   They can use the dollars to buy US government debt.   Again, supply/demand.   Buying US government debt decreases the supply of US government debt on the open market, raising the value of the dollar.   They want a strong dollar and a weak yuan, because that makes their exports cheaper for Americans to buy. 

 

How to cure the trade deficit?   Devalue the dollar.   That would make US exports cheaper on the world markets.  Unfortunately, it would also make imports to the US more expensive for US factories and consumers.  In addition, if the Chinese did not have a trade surplus with the United States, they would not be buying all that US government debt with their excess dollars.   Without the Chinese buying US government debt, that $18 trillion of US Treasury debt would have to carry a higher interest rate, and that would make our deficit explode.  

 

If you read this far, congratulations.   In my humble opinion, even if you think Chinese-American trade is a one-way street, the solution will not be a simple of painless thing.   The cure might be worse than the disease.  
:o  Huh

 

I don't know what I just read, but I'm impressed anyway. 
The artificial manipulation of the currency inherently means that the supply ratio is marginalized.
Quote: :o  Huh

 

I don't know what I just read, but I'm impressed anyway. 
 

Then I didn't write it very well.   So, no reason for you to be impressed. 
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