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Playing the devil's advocate here and not being a trumper or hyper anti trumper, Trump wants to pressure the Chinese into lowering tariffs on US goods not throw permanent tariffs on Chinese goods.
That should be the debate not just stating the obvious that tariffs raise prices and name calling. Its not a tax on China but it does effect their ability to sell items in America.
I would disagree that Trump "wants to pressure the Chinese into lowering tariffs on US goods". This is not his motivation at all. The motivation is to play this game for his Base; this is high drama and manipulation of the simple minded.
A deficit as such is not a problem, after all people pay for the imported stuff they buy.
In this current case the tariffs are unfounded. For instance the argument of forced transfer of know-how is obsolete as, after years in the making, the Chinese have a new IP law now that forbids that practice.
I think the tariffs are just a desperate means of trying to keep China from becoming a leader. Like with Huawei now. Why stop supplying technology to a paying customer like Huawei? Because Huawei leads in 5G, which is considered a major factor with next gen industry. National security is just a pretext as none of the claims (which have been around for many years) have ever been proven, to the contrary. If the US thought Huawei is unsafe, why not just ban the usage of Huawei in the US? Why try to destroy the company whose products most other countries find safe?
Basically, the ban will achieve the opposite effect in the long run. Huawei will source the components elsewhere or simply develop their own stuff as they have already done with CPU's and communication processors. So, in the long run the Chinese will import even less tech stuff from the US, and limit themselves to importing more basic things like soy, the supplier of which they can switch at any moment. China is already expanding its own soy production by 10% annually.
And when a giant market like China imports fewer US products, others will gladly fill the gap. Taiwan for instance, or Europe.
Not to mention that China could also start to use the national security pretext in order to ban US products like MS Windows (which is said to have backdoors for US spying organizations), thus boosting its own software industry and creating alternative OS's and platforms, which even other countries might switch to.
In short, while the US labor market benefits in the short term, the US will lose out in the long run as they lose access to the bigger Chinese market. Or US companies have to open factories in China, Tesla is already building a huge factory in Shanghai, that will employ Chinese workers. Others will follow.
PS: Just read that VW is also building two electric car factories in China.
Translation = China is good and will win trade war. US is bad and there is noting they can do to win.
We need to just do what we have always done and build up China b/c they deserve it and the US doesn't.
Are simply a form of tax that the American government has imposed on the American people who are the consumers. The manufacturing jobs will never ever return to the us,........that’s a guarantee.
You will have Trumpees saying " No, we have 7 times the jobs, etc, etc" but those numbers are bogus. They are simply not true. I would love to see them post labor statistics to prove that claim.
Translation = China is good and will win trade war. US is bad and there is noting they can do to win.
We need to just do what we have always done and build up China b/c they deserve it and the US doesn't.
I am realistic, neither country is good, just take a look at their histories.
There was and is no reason for a trade war, nor will there be a clear winner or loser.
Basically it is nothing but a continuation of the old commie bashing because the West does not like to see a country be successful despite being very different from the West. Not to mention mere racism, even if nobody admits it, of course.
And yes, the Chinese are industrious, intelligent, disciplined people, they deserve their rise. They study hard and work under conditions where people in the West would not even show up for work these days (it was different during our industrialization, of course, when by the way we did not care about IP, either, violating patents was common, for instance in Germany).
Are simply a form of tax that the American government has imposed on the American people who are the consumers. The manufacturing jobs will never ever return to the us,........that’s a guarantee.
They are already returning. The steel and aluminum industry has been single handedly saved by the tariffs.
In addition to providing good middle class jobs (mostly in the rust belt), these industries are key for national security and need to be saved.
The 1970s notion that the US would survive with "clean" service jobs alone was a liberal myth. A nation cannot survive without manufacturing.
Everyone is for free, fair trade; however, the Chinese are not engaging in fair trade, much to the detriment of the US. It's good to see that SOMEONE finally had the guts to do something, as Clinton, Bush and Obama did absolutely nothing and allowed the Chinese to run roughshod over the US.
Thank God we have a POTUS that will stick up for the American worker. Even Pelosi and Schumer support Trump on this one.
They are already returning. The steel and aluminum industry has been single handedly saved by the tariffs.
In addition to providing good middle class jobs (mostly in the rust belt), these industries are key for national security and need to be saved.
The 1970s notion that the US would survive with "clean" service jobs alone was a liberal myth. A nation cannot survive without manufacturing.
Everyone is for free, fair trade; however, the Chinese are not engaging in fair trade, much to the detriment of the US. It's good to see that SOMEONE finally had the guts to do something, as Clinton, Bush and Obama did absolutely nothing and allowed the Chinese to run roughshod over the US.
Thank God we have a POTUS that will stick up for the American worker. Even Pelosi and Schumer support Trump on this one.
What !!!!! Where do you get THAT idea ?? Tell that to these steel workers, who are sending letters to Trump telling him to stop this stupid tariff war. It is hurting, not helping them.
Regardless of this specific trade war, I am wondering if it would not be better to stop all international, especially intercontinental, trade of goods that can easily be produced in both the sending and receiving countries. I mean, why export cars from Germany to the US and from the US to Germany when both countries are perfectly capable of making all the cars they need?
All that shipping across the oceans contributes to the pollution of the oceans and the air.
What !!!!! Where do you get THAT idea ?? Tell that to these steel workers, who are sending letters to Trump telling him to stop this stupid tariff war. It is hurting, not helping them.
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