How much of our land does China own? Look that up...
Trump Tariffs (merged threads)
- Thread starter Blimey
- Start date
spat
.700 Nitro Express
We have heavily leveraged our position as the world's reserve currency.
As long as it remains the reserve, we can basically get away with anything.
But, if the rest of the world gets fed up enough to end that relationship, then there's nothing we can do to avoid a collapse that would make 1929 look like a minor hiccup.
That's like saying, "look up how much your neighbor owns". What your neighbor does or does not own, does not impact what you own.. and it doesn't change what or how much the US government assets are.
Entirely true.
Most of the tariffs are dumb, but the ones that stand out the most are for things we don't even produce. Things like bananas. We don't grow them here because of climate. There is no rational reason to put tariffs on products we are unable to produce ourselves.
spat
.700 Nitro Express
The way the tarrifs are structured isn't based on a trade imbalance for a single commodity.
They are based on trade imbalance for the whole country.
Obviously if we are importing major quantities of *any* commodity from you we are unlikely to be exporting much of that commodity.
I doubt we sell much oil to Saudi Arabia, even though we do export plenty of oil.
What the tarrif plan says is that if you sell us stuff, you have to buy other stuff to balance it out.
If you want to sell us bananas, you need to buy *something* from us to balance it out. You could buy solar panels, or fighter jets, or anything else you need to balance the ledger.
Since the US government is the only entity on the planet that can create genuine US dollars, that means your dollar denominated imports and exports already balance perfectly. If you sell us bananas, you are importing an equal dollar value of *something* from *someone* to get those dollars.
The tarrif scheme says that you need to get that something from us.
Trade imbalances aren't inherently bad.
I have a trade imbalance with Ford motor company. I use that vehicle to make a lot more money that it costs me to have it, yet a trade imbalance between me and them does indeed exist. The idea that you have to have roughly equal value in currency with all trade partners is ridiculous.
spat
.700 Nitro Express
You're not wrong.
In theory it doesn't matter if our hypothetical banana exporter is buying anything from us, because he must be using the dollars we give him for the bananas to buy stuff from *someone* and eventually that flows back to us, because we are the source of all dollars.
But, that doesn't work properly when you have bad actors like China on the stage.
Because China pulls a lot of dirty tricks that are outside of legitimate trade (like wholesale theft of IP, counterfeiting, slavery, etc...).
So, the banana exporter is likely unloading their dollars in a chain that ends in China and not us.
I really think the tariffs *everywhere* are actually targeted at China.
Sorry but a Communist Country owning our own land is major red flag for National Security. Common sense is to change that!
pjzwtl
.308 Win
There's so much more at stake than just "tariffs".
www.youtube.com
CHINESE TROOPS CAUGHT: Fighting in Ukraines AND Infiltrating the U.S.A
Chinese soldiers are now confirmed fighting alongside Russia in Ukraine.And that’s not all—over 22,000 Chinese nationals have illegally crossed the U.S. sout...
www.youtube.com
Far too much. It's crazy we let them buy our farmland and even more so that they routinely continue to attempt land purchases near our military installations for stealing sigint and humanint or prepositioning their own assets.
Bigfoot
.475 A&M Magnum
Ho Lee Fuk!
Don't trust China, China is asshoe!
Don't trust China, China is asshoe!
You can go pretty far down the anti China rabbit hole. Sure you've heard of the spy balloon but have you heard of all these as an example of potentially how bad it is?
Volt Typhoon - Wikipedia
China Secretly (and Weirdly) Admits It Hacked US Infrastructure
Plus: The Department of Homeland Security begins surveilling immigrants' social media, President Donald Trump targets former CISA director who refuted his claims of 2020 election fraud, and more.
Yes, a secret biolab was discovered in California
A Chinese citizen has been charged with selling unauthorized COVID-19 test kits and lying to the FDA.
www.verifythis.com
Select Committee Unveils Report on Illegal PRC-Tied Biolab in Reedley, CA with McCarthy & Costa
selectcommitteeontheccp.house.gov
Exclusive | Map shows Chinese-owned farmland next to 19 US military bases in ‘alarming’ threat to national security: experts
“These locations can be used to set up intelligence collection sites and the owners can be influential in local politics as we have seen in the past,” said former United States Air Forc…
nypost.com
Alarming Rise in Military-Aged Chinese Men Entering US Illegally, Border Patrol Union Chief Warns
The head of the Border Patrol union has raised the alarm on the sharp rise in the number of military-aged Chinese men crossing the U.S.-Mexico border illegally, warning that he
www.myheraldreview.com
That's a start. Us your imagination be Creative. Remember people changed the world with box cutters.
Its an open secret China has compromised our grid, they have about a division worth of military aged males loose in the country and they control ports, adjacent land to military bases. That's just a start.
View attachment VID_20250425_205019_139.mp4
Older American explains “How the middle class was destroyed”
“In 1978, I worked in a steel mill. I was getting paid between $16 and $18 an hour in a steel mill. My house payment was $125 a month. I was doing well. Then we started not putting tariffs on China Steel, steel coming in from China and other countries.
They were supplementing their industry, and they took our steel industry away from us. So I lost my job. They shut the mill down, and then I had to go figure it out.
At the time, I was married with three kids, and this was in the 80s, early 80s, and I had to figure it out. I couldn't get a job that was going to pay sufficient for. To be able to survive. So I had to create my own businesses, and I've done that ever since. But it was the taking of the steel mills from this country and all these others that they've taken the auto industry and everything else that's killed our economy.
Now you start making a fair playing field is what Mr. Trump is doing. President Trump is doing. Those jobs will come back, people will start making money. And you say, oh, well, you know, now we're not going to get cheap products.
Now we're not going to get cheap products. But all the money that we're paying those countries for those cheap products will stay in this country and we will start manufacturing and we will have those jobs that pay good again. You'll see.”
Older American explains “How the middle class was destroyed”
“In 1978, I worked in a steel mill. I was getting paid between $16 and $18 an hour in a steel mill. My house payment was $125 a month. I was doing well. Then we started not putting tariffs on China Steel, steel coming in from China and other countries.
They were supplementing their industry, and they took our steel industry away from us. So I lost my job. They shut the mill down, and then I had to go figure it out.
At the time, I was married with three kids, and this was in the 80s, early 80s, and I had to figure it out. I couldn't get a job that was going to pay sufficient for. To be able to survive. So I had to create my own businesses, and I've done that ever since. But it was the taking of the steel mills from this country and all these others that they've taken the auto industry and everything else that's killed our economy.
Now you start making a fair playing field is what Mr. Trump is doing. President Trump is doing. Those jobs will come back, people will start making money. And you say, oh, well, you know, now we're not going to get cheap products.
Now we're not going to get cheap products. But all the money that we're paying those countries for those cheap products will stay in this country and we will start manufacturing and we will have those jobs that pay good again. You'll see.”
holdover
.475 A&M Magnum
It was Nixon who opened up the door to Chinese slave labor , globalism has been around a long time. It started in the sixies with Japanese steel ,under LBJ, not long after JFK was taken out .in the 70's and 80's it was electronics , in the 90's most everything else followed as the US de- industrialized .
globalism /ˈɡləʊbəlɪzəm/ [uncountable] the belief that economic and foreign policy should be planned on a global basis, rather than serving the interests of individual countries.
globalism /ˈɡləʊbəlɪzəm/ [uncountable] the belief that economic and foreign policy should be planned on a global basis, rather than serving the interests of individual countries.
Yeah, Treason.
Robin
.577 Tyrannosaur.
I do not think Nixon was a globalist, now Kissinger would fit right in with the good old boys at Schwabs' WEF.
Robin
RedBreast21
.223 Rem
I'm not sure if I already commented on here but a tariff is applied to the cost of the item upon shipment of the item. Not retail price.
Before Trump tariffs. Item costs $10 to manufacture, zero tariff to import and has a retail price of $100.
After a 100% tariff increase. Item costs $10 to manufacture. Add 100% tariff upon shipment so total cost to ship is now $20. If the manufacturer wants to applied the cost of the tariff to the retail price, then the new retail price is $110.
Before Trump tariffs. Item costs $10 to manufacture, zero tariff to import and has a retail price of $100.
After a 100% tariff increase. Item costs $10 to manufacture. Add 100% tariff upon shipment so total cost to ship is now $20. If the manufacturer wants to applied the cost of the tariff to the retail price, then the new retail price is $110.
And people don't buy it and buy elsewhere.I'm not sure if I already commented on here but a tariff is applied to the cost of the item upon shipment of the item. Not retail price.
Before Trump tariffs. Item costs $10 to manufacture, zero tariff to import and has a retail price of $100.
After a 100% tariff increase. Item costs $10 to manufacture. Add 100% tariff upon shipment so total cost to ship is now $20. If the manufacturer wants to applied the cost of the tariff to the retail price, then the new retail price is $110.
RedBreast21
.223 Rem
People are panic buying and hoarding like a storm or pandemic is coming. lol I blame youtube content providers spinning up panic for clicks. Which grows their channel and bring in revenue.
Then the media a close 2nd. lol
Saltwater60
.950 JDJ
China has leverage over this because they hold a large amount of our debt. If they followed the market with our bonds we could be in trouble and be unable to borrow money to pay our debt. Then we would no longer be the reserve currency for the world. China also has a lot of minerals we need and rare earth magnets needed to make anything these days. They control and produce something like 40% of those magnets world wide and if they told us we weren’t getting them it would be hell on our economy and defense.
Saltwater60
.950 JDJ
We will always have a trade imbalance with many countries and the tariffs being zero or 12 million times what they are now won’t change that. Vietnam, Pakistan and many other similar countries will not buy more than we do from them anytime in the near future if ever. America is the larger economy and a huge consumer based economy that has a lot of money inside it. Those other countries are not like us. Maybe we could get rid of a trade imbalance with countries in the European Union or similar but not these poor second class countries that make crap for us on the cheap.
Saltwater60
.950 JDJ
We will never be on a fair playing field. Keep in mind steel is exempt from many of the increases but he has gone back and forth so many times my information may not be up to date.
Outside of tariffs everything else we do in the USA will make USA steel more expensive. We have higher wages, taxes, regulations, environmental standards, safety regs than almost every other country. All this and more makes costs increase.
Add to that nearly all steel plants in the USA are outdated or decommissioned companies would have to make new plants at extreme costs and if the democrats backtrack on these tariffs as it is likely they would never recoup those costs. Any large moves would likely not happen anytime soon to restore things here because of all of these factors. Cost to build a new steel plant in the USA are between $1 billion and $4 billion. I guess the government should get their checkbook out to subsidize this or are we still against that?
I mean it’s a nice thought but I don’t see it occurring or not at least anytime soon.
US Steel vs Foreign Steel
Explore the differences between US steel and foreign steel, including quality, pricing, and trade implications. Learn more about the factors
endura-steel.com
I'm not seeing panic buying yet. Shelves seem full. Maybe the libs are raiding butt cream or something.