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Correct. Our local steel producer once employed 4,000 and now they have 650 producing the same tonnage. The lost jobs didn`t go to China or anywhere else.
That goes with previous reports that US manufacturing is way up..... with less than a third of the workers.
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Liberal double-standards are amusing. When America imposes tariffs on China, it's bad for America. When China imposes tariffs on America, it's bad for America.
If it's true that America imposing tariffs on China is really harmful to America then those Chinese sure are an empathetic people. America imposes tariffs and they think "it pains us so deeply to see America hurting itself that we are going to hurt ourselves in response".
Face the reality. Imposing tariffs is deeply harmful to the country targetted by the tariffs, which is why the response is nearly always to impose retaliatory tariffs in return.
But while we are imposing and receiving tariffs with multiple countries at the same time, THOSE countries are making free trade agreements amongst themselves.
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But while we are imposing and receiving tariffs with multiple countries at the same time, THOSE countries are making free trade agreements amongst themselves.
Yep. That's the part that you cannot get through these idiots' heads, starting with the biggest idiot in the White House. The global economy will move on without us. So much winning.
Iowa farmers may want to start changing to another crop. Trump has angered China and in retaliation, China has accused Trump of starting a trade war and has imposed a 25% tariff on soybeans which will cost $624 Million to Iowa farmers. U.S. soybean prices started falling in March.
"This is not the news farmers wanted to see, especially with the struggles we've had … over the past four or five years," Hart said".
I fail to see why it's 'bad news' when we stop stripping off and wearing out our own topsoil for some immediate scheme to feed one of the worst police states on the planet. I guess I'm just not 'Globalist' enough to see the point in feeding a country that is actively planning to destroy us, and once we're out of the way take over everyone around them and more.
Yep. That's the part that you cannot get through these idiots' heads, starting with the biggest idiot in the White House. The global economy will move on without us. So much winning.
Not very far, since those living on 15 cents an hour will become the norm and they won't be buying much. I guess the ideologues will have an excuse for that too, though. The right wingers often claim that if only people made far less money we would all get a lot richer. I'm still waiting for the evidence of that.
But why on earth do dozens of countries have big trade surpluses with China if they are that much worse than anyone else when it comes to trade? You make it sound like it is impossible to compete, but clearly lots of other countries manage. We have a six to one trade deficit with Vietnam, and only a three to one deficit with China. If China was worse than anyone else, that wouldnt happen. Germany has a big trade surplus with China. They have not gone to trade war with China to make that happen...
Are you sure we are not simply blaming foreigners for what our own domestic elites are doing to the working class?
That is a good question.
But in the first place, China does has a trade surplus with most of the World, its not just the United States. Those nations that do manage to have trade surpluses with China tend to be (A) oil and other raw material producers like Saudi Arabia and Iraq, (B) highly aggressive mercantilist nations themselves (with such things as trade barriers and undervalued currencies) like Korea and Japan, or (C) have an government industrial policy like the Europeans (especially Germany) and again Japan and Korea.
In contrast, the United States does not have an industrial policy and does not think strategically about trade at all. To the extent the United States does think strategically, it is about foreign and military policy. Indeed, having permission and access to foreign military bases so we can be 'World Policeman" is one reason the United States was looking the other way on trade deficits for so long.
The United States is an individualistic society where we tend to think ourselves first, such as having access to cheaper lawn chairs, then the country as a whole. Even our corporations are like that, thinking short term profits rather than long term investments like Japanese companies. In Japan and Germany, workers are seen as investment, in the USA, workers are seen as people to be laid off so the stock price will go up.
So to sum it up, its our fault that we dont have this trade surplus with China that people are so desperate to get. Blaming China for currency manipulation, subsidies or whatever is a red herring. As you say, lots of countries have trade surpluses with China, including plenty of developed countries, even though China can make pretty much everything it needs, it still imports lots of stuff from other developed countries. If you want an industrial policy, then fight for an industrial policy like Germany so we can get this trade surplus with China that you want like Germany has!
China has a tiny surplus as a share of its economy compared to other countries. Why is that, if China really is so much worse when it comes to trade than other countries? China should have a surplus of far, far higher than it does if we are to believe the trade war proponents. Instead its only a little over 1% of their GDP!
But while we are imposing and receiving tariffs with multiple countries at the same time, THOSE countries are making free trade agreements amongst themselves.
Yep. Exactly.
The world is reordering itself economically without us. China will take full advantage.
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then the country as a whole. Even our corporations are like that, thinking short term profits rather than long term investments like Japanese companies. In Japan and Germany, workers are seen as investment, in the USA, workers are seen as people to be laid off so the stock price will go up.
