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Old 04-11-2018, 03:16 AM
 
Location: Los Angeles
2,422 posts, read 1,325,253 times
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Trump’s pullout from the TPP has significant economic and strategic consequences for the United States, none of which are good. It is a policy that is more consistent with “US last” than Trump’s “US first” claims.

Having withdrawn from TPP, the Trump administration has failed to articulate a trade and investment agenda for Asia that can compare to the TPP or China’s ambition for the Belt and Road Initiative (BRI).
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Old 04-11-2018, 03:38 AM
 
Location: Los Angeles
2,422 posts, read 1,325,253 times
Reputation: 2718
Quote:
Originally Posted by TimAZ View Post
China's trade practices are one-sided. Heads they win, tails we lose.
Trump's simpleton view of trade is terribly misguided. The Trump view is that exports are good - they are like revenues - and imports are bad - they are like costs. And the size of the surplus is like a score in an international competition. But this shortsighted view fails to appreciate that both imports and exports are beneficial.

By buying goods and services more cheaply than it costs to produce them at home, a nation benefits from imports. And by selling goods and services in world markets, it can enjoy higher prices than if it could from only selling those items at home.

Thus, a trade deficit associate with large volumes of both imports and exports could actually be more beneficial than a trade surplus in which trade volumes are low.

I recognize this is not the "politically correct" view as politicians of all stripes have mimicked similar themes on this topic...but that doesn't make any of them right.
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Old 04-11-2018, 07:41 AM
 
608 posts, read 280,904 times
Reputation: 1932
Quote:
Originally Posted by Astral_Weeks View Post
Trump’s pullout from the TPP has significant economic and strategic consequences for the United States, none of which are good. It is a policy that is more consistent with “US last” than Trump’s “US first” claims.

Having withdrawn from TPP, the Trump administration has failed to articulate a trade and investment agenda for Asia that can compare to the TPP or China’s ambition for the Belt and Road Initiative (BRI).
I operated a small business for thirty years. We sold internationally and had many customers in NAFTA and the proposed TPP countries. The TPP was written by lobbyists for large multinational corporations and it favored them to the extreme. It imposes ridiculous overhead and compliance costs on small companies (perhaps by intent?) and opens the door to cross-border legal proceedings (lawyers everywhere all say yea!). TPP was a wonderful tool for the likes of GE, Walmart, Boeing, Alibaba, Sony, etc. to stamp out potential competitors, it was most assuredly not a good deal for the average small business in any of those countries.
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Old 04-11-2018, 08:58 AM
 
8,279 posts, read 3,454,476 times
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Originally Posted by cebuan View Post
"China is producing a $10,000 car". That does not mean the Chinese have to go find US dollars in order to buy one. Nor does it mean the Chinese have to learn English to go to their dealer and ask for a "car". It means the presenter of the information to US consumers has translated the meaning of the content into words the American audience can relate to.

The radius of the orbit of Venus is 65-million miles. Wait a minute -- why would Venusians use miles?
Then the article should read in Yuan. Or Yuan and then equivalent USD in parentheses.

If one doesn't realize the difference, then they might not realize how China (or the USA) can do this sort of thing anywhere acceptable in the world and perpetually.
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