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It wouldn't go over well.
I'd much rather Americans start demanding that more big box retailers buy their goods from companies that manufacturer items in the United States.
Bravo if every American would demand American made products and would only by from companies that are here or have things made here that would solve a lot.
Now, that we are supposedly out of the recession, I personally think the US government should start putting trade restrictions on China. I'm sick of them devaluing their currency. Anyone else feed up with this?
They are really screwing up our trade imbalance to remain competitive in the global market, so i think it is high time we get tough on them. The question is will Europe follow our lead and help us get tough on them. It would be nice to see them quickly spend through that large reserve they have been using to maintain their low prices. I would bet if their two largest markets put additional pressure on them, they would at least allow the currency to float and appreciate vs the dollar.
I wonder with unemployment at 20%, just how we are out of this "Recession" (which is truly a "Depression")?
However, to answer the question, tariffs are the only way this country will stay in the form we've all known for our lives, albeit the younger posters have only seen a facade of.
It wouldn't go over well.
I'd much rather Americans start demanding that more big box retailers buy their goods from companies that manufacturer items in the United States.
Purplelove, isn't this counterproductive in terms of prices on consumers?
If companies buy from overpriced US manufactures, they raise prices, and hire less. If they buy cheaper inputs from Chinese manufactures, they maintain higher margins, but put US manufactures out of work. You're basically advising us to keep one group in employed at the expense of another group. This is really such a catch 22 no matter how you look it
dcadca, we'll if the Chinese got angry and attempted to call us on all our debt wouldn't that put them at a large disadvantage, considering we make up more than 30% of their exporting market?
They love American dollars, so if we paid our debt, to maintain their exchange rates, they just use the dollars we paid them, and reduce the value of the US dollar, which would be a significant disadvantage considering, any repayment of debt to them is going to be in US dollars. Instead of having 1 Trillion worth of USD, they would have over 2 Trillion worth of a falling currency. Do you really think they want to add that to their reserves?
You're making it out as if they have nothing to loose and we should obey their every command. They do not remotely own this country. Yes, they have a large percentage of our debt, but I'm pretty sure the largest economy in the World would have no problem finding other nations interested in "bailing us" out if it involved a very lucrative trading deal. We are still the big cheese and until the Chinese overtake us as the largest consumer market we are still the top Gorilla. I agree we cannot flex our muscles as much as we could when these countries were heavily dependent on us for everything, but we still can flex.
I have to disagree with most of whats being said here. The US is the number 1 importer of Chinese goods. China holds many of the US bonds utilized for cash (not loans). China is actually the one in the hard place here. They continually allow slave labor and other methods of cheap production which not only prices US corporations out of our own market, but also devalues our currency on a global scale.
By use imposing a import tax, or tarriff, one of two things will happen. Chinese products will begin to equal the US production costs which leads to more corporations maintaining current US operations, or the chinese will throw a fit and concede to higher wages and conditions if outlined in the trade agreement.
Eitherway, they can't throw a fit. With them holding as many bonds as they do with US printed on the front, doing anything to attempt to "screw us" will also screw them. Additionally, if they don't agree with the terms of the trade agreement, they will have to find other buyers around the world and the fact is, no other country has the purchasing power of the US.
We continually allow them to conduct manufacturing which involves slave labor while also forcing US corporations to follow the money trail. We have all the balls in our court to get it done.
I have to disagree with most of whats being said here. The US is the number 1 importer of Chinese goods. China holds many of the US bonds utilized for cash (not loans). China is actually the one in the hard place here. They continually allow slave labor and other methods of cheap production which not only prices US corporations out of our own market, but also devalues our currency on a global scale.
By use imposing a import tax, or tarriff, one of two things will happen. Chinese products will begin to equal the US production costs which leads to more corporations maintaining current US operations, or the chinese will throw a fit and concede to higher wages and conditions if outlined in the trade agreement.
Eitherway, they can't throw a fit. With them holding as many bonds as they do with US printed on the front, doing anything to attempt to "screw us" will also screw them. Additionally, if they don't agree with the terms of the trade agreement, they will have to find other buyers around the world and the fact is, no other country has the purchasing power of the US.
We continually allow them to conduct manufacturing which involves slave labor while also forcing US corporations to follow the money trail. We have all the balls in our court to get it done.
So, it's the Loanshark that's in danger of getting knee-capped- not the poor ******* that's into him for the $4G?
So, it's the Loanshark that's in danger of getting knee-capped- not the poor ******* that's into him for the $4G?
Its a bit more complicated than that, and you know it. When the poor SOB's money changes in real value on a international level, like it would if the loan shark called all his debts, then yes thats how it would work. Additionally, China isn't just our loan shark as we buy and support the majority of their manufacturing. If you can't see how interlocked the two countries are, poor analogies are not going to help the conversation.
Its a bit more complicated than that, and you know it. When the poor SOB's money changes in real value on a international level, like it would if the loan shark called all his debts, then yes thats how it would work. Additionally, China isn't just our loan shark as we buy and support the majority of their manufacturing. If you can't see how interlocked the two countries are, poor analogies are not going to help the conversation.
Not as poor analogy at all.
Especially when you realize China is an expansionistic dictatorship.
I'm saying China would probably raise all hell....
You know they would. They own our debt and our elected politicians. That's why they would never dare cross the Chinese.
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Bravo if every American would demand American made products and would only by from companies that are here or have things made here that would solve a lot.
