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Old 08-19-2019, 04:41 PM
 
16,413 posts, read 4,314,853 times
Reputation: 11523

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Quote:
Originally Posted by PedroMartinez View Post
Lol.

It only "costs you" if you're buying Chinese products.

How much of your food other needs are made in China?
You will likely never know....and couldn't unless you were a journalist and spent years deconstructing shell companies.

We all know most high tech is Made there. So if "needs" including anything with a chip in it, including
cameras
cell phones
computers and tablets
internet routers
medical monitors and systems
automobile electronics
and much more....

are largely tied into China.

But at the lower level the biggest US PorK producer (Smithfield) is just one of a multitude of firms which is Chinese owned and run. Chinese own vast amounts of American farmlands...they are building many multi-billion dollar chemical complexes here.

We could go on for books worth...but that's just a small part.

You are effectively putting forth the idea that 100's of Billions of dollars worth of stuff used in the USA.....are not part of our "needs". That's fantastic.
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Old 08-19-2019, 04:42 PM
 
1,659 posts, read 337,179 times
Reputation: 1916
Quote:
Originally Posted by subaru5555 View Post
How is that relevant? There was no associated change in the CPI.

How does that disprove the fact that consumers ultimately bear the weight of tariffs?
Then maybe US production might resume if "Made in the USA" becomes cheaper than "Made in China".
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Old 08-19-2019, 04:42 PM
 
10,078 posts, read 4,712,909 times
Reputation: 13178
Quote:
Originally Posted by subaru5555 View Post
How is that relevant? There was no associated change in the CPI.

How does that disprove the fact that consumers ultimately bear the weight of tariffs?

It doesn't prove or disprove anything except to show that prices increase for many reasons and you can't just attribute a price increase to a single factor.
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Old 08-19-2019, 04:45 PM
 
10,078 posts, read 4,712,909 times
Reputation: 13178
Quote:
Originally Posted by craigiri View Post
But at the lower level the biggest US PorK producer (Smithfield) is just one of a multitude of firms which is Chinese owned and run. Chinese own vast amounts of American farmlands...they are building many multi-billion dollar chemical complexes here.

Cool. Chinese assets to be seized in a full scale war.
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Old 08-19-2019, 04:49 PM
 
Location: AZ
2,187 posts, read 460,971 times
Reputation: 979
Quote:
Originally Posted by oceangaia View Post
It doesn't prove or disprove anything except to show that prices increase for many reasons and you can't just attribute a price increase to a single factor.
That’s a blatant lie and you know it: the data is there and is based on a well-understood concept.

I’m not going to continue wasting my time explaining basic economics to the willfully ignorant.

Fortunately the tenets of free-market economics are not based upon one individual’s misguided attempts to ignore reality.
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Old 08-19-2019, 04:51 PM
 
1,659 posts, read 337,179 times
Reputation: 1916
Quote:
Originally Posted by craigiri View Post
You will likely never know....and couldn't unless you were a journalist and spent years deconstructing shell companies.

We all know most high tech is Made there. So if "needs" including anything with a chip in it, including
cameras
cell phones
computers and tablets
internet routers
medical monitors and systems
automobile electronics
and much more....

are largely tied into China.

But at the lower level the biggest US PorK producer (Smithfield) is just one of a multitude of firms which is Chinese owned and run. Chinese own vast amounts of American farmlands...they are building many multi-billion dollar chemical complexes here.

We could go on for books worth...but that's just a small part.

You are effectively putting forth the idea that 100's of Billions of dollars worth of stuff used in the USA.....are not part of our "needs". That's fantastic.
Might want to check the official USTR list.
Cell phones are not affected by this upcoming tariff.
Cameras aren't on the list either.

Just where did you get your list from ?
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Old 08-19-2019, 05:07 PM
 
Location: Denver, CO
8,819 posts, read 2,009,800 times
Reputation: 1725
Just a little something for the economic illiterates who make up the vast majority of this thread:

https://mises.org/wire/how-look-tariffs-1
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Old 08-19-2019, 05:08 PM
 
11,646 posts, read 6,066,281 times
Reputation: 3734
Quote:
Originally Posted by TMSRetired View Post
Might want to check the official USTR list.
Cell phones are not affected by this upcoming tariff.
Cameras aren't on the list either.

Just where did you get your list from ?
Said poster makes things up and ignores facts sometimes, I wouldn't hold your breath waiting for an answer. I already posted earlier in this thread the small % of consumer spending that actually goes to Chinese made goods.
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Old 08-19-2019, 05:13 PM
 
Location: Alaska
2,816 posts, read 2,547,241 times
Reputation: 4701
Quote:
Originally Posted by stburr91 View Post
More fear mongering. LoL

Almost all of the tariffs cost are being absorbed by China right now. If China can't continue to adsorb the tariffs costs (they can't indefinitely), and prices rise, the supply chain shift out of China will accelerate. This is what China is desperately trying to avoid, and why they are willing to absorb the tariffs cost with direct subsidies, and in currency devaluation.

Make no mistake, we are winning the trade war.
Based upon what metrics, other than the unhinged rantings of "Unindicted Co-conspirator Number 1"?
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Old 08-19-2019, 05:32 PM
 
4,005 posts, read 1,886,563 times
Reputation: 3956
Quote:
Originally Posted by phlinak View Post
Based upon what metrics, other than the unhinged rantings of "Unindicted Co-conspirator Number 1"?
China devalued their currency because they're winning?
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