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Trade (and Tariffs)

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Re: Trade (and Tariffs)

#41

Post by CGMthrowaway »

I totally agree trade should feel fair. If the US sends jobs, money, food or goods to other countries, then we shouldn't get garbage back.

Tariffs are a way of warning other countries "don’t take us for a ride." They help American workers, factories and towns that were hurt when jobs went overseas.

Tariffs shouldn't feel like hurting yourself for no reason. They are an important tool for standing up for yourself when other countries (to say nothing of bad trade deals) want to take advantage of you

Re: Trade (and Tariffs)

#42

Post by inigyou »

kemayo wrote: post #25

The context here is that president Trump has an interesting view of trade deficits / surpluses. Specifically, he frequently cites cases where the US has a trade deficit with another country -- where the US is spending more in that country than that country is in the US -- as if that country is "taking money" from the US. This is a bit peculiar, because it ignores the whole "the money we are spending is being exchange…

Actually you, like most of us, have a trade deficit with the grocery store and the movie theater, and a trade surplus with your employer. Which one is more enjoyable to have?

Re: Trade (and Tariffs)

#43

Post by squigz »

CGMthrowaway wrote: post #41

I totally agree trade should feel fair. If the US sends jobs, money, food or goods to other countries, then we shouldn't get garbage back. Tariffs are a way of warning other countries "don’t take us for a ride." They help American workers, factories and towns that were hurt when jobs went overseas. Tariffs shouldn't feel like hurting yourself for no reason. They are an important tool for standing up for yourself when…

It also seems to ignore the companies and individuals that got rich because they chose to move jobs overseas.

Re: Trade (and Tariffs)

#44

Post by hartator »

CGMthrowaway wrote: post #41

I totally agree trade should feel fair. If the US sends jobs, money, food or goods to other countries, then we shouldn't get garbage back. Tariffs are a way of warning other countries "don’t take us for a ride." They help American workers, factories and towns that were hurt when jobs went overseas. Tariffs shouldn't feel like hurting yourself for no reason. They are an important tool for standing up for yourself when…

Tarrifs are the worst decision a politician can make.

The main reason we have open-ish border for people and goods is to reduce the risk of war. You are not going to wage war with a country that do business with.

This undermines this idea.

Re: Trade (and Tariffs)

#45

Post by CGMthrowaway »

squigz wrote: post #43
CGMthrowaway wrote: post #41

I totally agree trade should feel fair. If the US sends jobs, money, food or goods to other countries, then we shouldn't get garbage back. Tariffs are a way of warning other countries "don’t take us for a ride." They help American workers, factories and towns that were hurt when jobs went overseas. Tariffs shouldn't feel like hurting yourself for no reason. They are an important tool for standing up for yourself when…

It also seems to ignore the companies and individuals that got rich because they chose to move jobs overseas.

Totally, that is a great and valid add

Re: Trade (and Tariffs)

#46

Post by inigyou »

smallmancontrov wrote: post #34

A current account deficit is a capital account surplus. Persistent deficits shift the balance between Asset vs Export sectors, dumping the export sector and pumping the asset sector. Put differently, we can pay for imports with shit that we make or shit that we own -- and this has implications for people in our country who make shit vs own shit. A better analogy for the trade deficit would be sitting on the couch sla…

Put differently, Trump is explicitly attempting to destroy the reason the American stock market generally goes up.

Re: Trade (and Tariffs)

#47

Post by inigyou »

hartator wrote: post #44
CGMthrowaway wrote: post #41

I totally agree trade should feel fair. If the US sends jobs, money, food or goods to other countries, then we shouldn't get garbage back. Tariffs are a way of warning other countries "don’t take us for a ride." They help American workers, factories and towns that were hurt when jobs went overseas. Tariffs shouldn't feel like hurting yourself for no reason. They are an important tool for standing up for yourself when…

Tarrifs are the worst decision a politician can make. The main reason we have open-ish border for people and goods is to reduce the risk of war. You are not going to wage war with a country that do business with. This undermines this idea.

There's never been a war the US has chosen not to start.

Re: Trade (and Tariffs)

#48

Post by CGMthrowaway »

hartator wrote: post #44
CGMthrowaway wrote: post #41

I totally agree trade should feel fair. If the US sends jobs, money, food or goods to other countries, then we shouldn't get garbage back. Tariffs are a way of warning other countries "don’t take us for a ride." They help American workers, factories and towns that were hurt when jobs went overseas. Tariffs shouldn't feel like hurting yourself for no reason. They are an important tool for standing up for yourself when…

Tarrifs are the worst decision a politician can make. The main reason we have open-ish border for people and goods is to reduce the risk of war. You are not going to wage war with a country that do business with. This undermines this idea.

Maybe letting other countries rob us blind is worse. The US has hardly any factories left. Is that "peace" or is that just losing, slowly?

Open borders can be GREAT, but they can also be a point of vulnerability if we lose control of them

Re: Trade (and Tariffs)

#49

Post by inigyou »

0xy wrote: post #33

People are very quick to make kneejerk reactions to tariffs while assuming the other guys have different opinions. The Biden admin went after Canada repeatedly for unfair trade practices, and issued a blanket 10% tariff on Chinese goods. The only difference is to what degree they wield the tariff hammer, and in which direction it is swung. The one thing the current admin does have a point on is non-tariff meddling. N…

> completely destroys small business

Citation needed, I'm in the EU and there is small business

Re: Trade (and Tariffs)

#50

Post by [deleted] »

smallmancontrov wrote: post #34

A current account deficit is a capital account surplus. Persistent deficits shift the balance between Asset vs Export sectors, dumping the export sector and pumping the asset sector. Put differently, we can pay for imports with shit that we make or shit that we own -- and this has implications for people in our country who make shit vs own shit. A better analogy for the trade deficit would be sitting on the couch sla…

[deleted]
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