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Thread #239999
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china-flag-agencies.jpg (18 KB, 300x225, 1521844691300.jpgiqdb google reposts full
President Trump on Thursday plans to announce at least $50 billion worth of annual tariffs and other penalties on China for its theft of technology and trade secrets, which administration officials say has robbed American companies of billions of dollars in revenue and killed thousands of jobs.

The measures would mark Mr. Trump’s most aggressive move yet against a fast-rising economic rival that he has accused of preying on the United States.

https://www.google.com/amp/s/mobile.nytimes.com/2018/03/21/us/politics/trump-china-tariff-trade.amp.html
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Quads of doom
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>>239999

i dont know why you are bitching.. i find this idea terrific good.
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>>240016
>Wanting America to work like China
Yeah, no. Americans are too lazy and greedy for manual labour.
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>>240019
Chinese produced goods are shit across the board, even most electronics aren't nearly as good compared to damn near any other nation. Fuck them and fuck you you penny pinching fuck.
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>>240016
Getting into a trade war with foreign nations is generally a bad idea. Especially when they are a substantial part of your debt.
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>>240002
how in the world did you screw that up on the slowest board on 4chan
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>>240044
There's no difference in materials. China is cheaper because they have more materials to work with.

America made the "cheap and fragile" shit up because they're China's bitch boy when it comes to production and can't handle being second place because they'll lose Reserve Currency status.
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>>240119
Chinese steel is worst steel...
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>>240064
Getting into a trade war with the country that we buy all our products from is an extremely terrible idea.

Also, China is proof that free trade does not lead to a more free country.

Free Market capitalists fail again
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>>240019
If you pay a real wage- then you have a well staffed company.
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You say it as if it's not a bad thing??? XD
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>>240144
better now than later, when we buy all of our products from someone else we lose the ability to make those products, as time goes on and us industry atrophies the hurdle to start the gears going gets bigger and bigger, the bigger the hurdle is the more china and others can eventually price gouge until we end up like africa and have to pay large values of raw materials for a low value of product, like bread for gold.
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It's all about the petroyaun
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Not even a peep from m s m.
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>>240144
I don't believe in free trade as it inevitably leads to a global race to the bottom concerning labor and environmental laws. In that way I don't mind if this causes some inflation because we are already paying the "high cost of low prices" with elimination of industry and pressure on workers to do more and get less. If things cost more but that extra money ends up staying in our country then we ultimately are benefiting our fellow neighbors and friends. I don't consider comparative advantage from countries with lower standards of living than ours legitimate.
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>>240019
Yes we need suicide nets in our factories and a state run labor union
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>>239999
It's bad when Trump does it
But when Obama does it with Chinese tires there's no problems?
Or is it only there's retroactively a problem, and they never brought it up as a problem at the time, and are only now saying it's a problem because Obama is out of office?
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>>240279
Putting a tarrif on tires because that makes $$$ and is reasonable. If they make cheap tires and keep them coming, inflation duh. Put a tarrif, evens things out because theyre tires, not every chinese good in existance.
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>>240119
You think world reserves would be reliant on chinese currencies in any form?
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>>240119
Nah it's because mass-production drives down the price, materials can be bought more in bulk and blueprints, designers labor and such can be reused a lot more, the greater the scale of production the less it costs(materials aren't worth shit). Asian mass-production is on a different scale than Western one. All of Europe + America is just 500 million people iirc, Asia is several billion, more than a billion just in China.
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>>240109
I don't know, but maybe he's checking OP's quads.

>>239999
Fuckin checked.

I'm wanting to see if the tariffs end up backfiring. Trump backpedaled on calling them a currency manipulator, so I'm not surprised if he ends up blowing this one.
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>>239999
It is a good idea.
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>>241450
If you are an idiot
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>>239999
trumps boss mercer thinks its time to cash in and make some shaky stocks
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Shoulld have happened 20 years ago. You wait another 20 and we are all fucked.
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>>240139
That's why they buy from Australia retard, and Australia is a goddamn mineral wonderland.
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There is nothing China does that can't be done elsewhere. They have many competitors. There is nowhere else on this planet that can replace the consumption of the United States. War over. China Lost. Go ahead and go all the way, tariff everything, full out trade war. Show me a country that can replace the US for Chinese exports. They have nothing we can't get from ourselves or someone else. Even the rare earth metals can be brought back here, we let them go to China in the 90's because we don't like dumping toxic waste all over our land contaminating all of our drinking water. All china has to do is negotiate to make things better for the US side, taking this "we will fight to the end" stance is idiotic on their part because they will lose. If you want the gravy train to continue, make concessions. Otherwise you are proving the anti-china people right by taking hostile positions, like you do with everything when it comes to the United States. China doesn't act like an ally, so why are they surprised by the US taking actions to stop their growth into a global superpower?
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>>241882
You're an idiot if you think continuing on the current path is the best move. This should have been taken care of 20 years ago if our government had half a brain. Sold our souls for cheap goods, and in the process created a superpower that threatens our existence. This wouldn't be a problem if China acted like an ally rather than an adversary.
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>>240064
I don't think anyone expected the chinese to be stupid enough to go through with it, rather than just make some concessions so Trump can go back and show that "he won". Long term this is good for the USA, and really bad for china, they must see that. They are bluffing. If they follow through or "pay any cost" they will lose.
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>>243799
They will go through with it, however the question is how long will it last. China expects the US to fold through attrition. However you also have to take into account whether or not China's bluster is more to satisfy their internal faction struggles and their controlled populace. The one thing China can't take is internal chaos, that's the one thing the CCP fears most, as any forms of protests and riotous behavior has a high chance of spiraling out of control.
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>>243802
True, China has never been a unified nation and the Chinese government knows that. It a big reason they are in this trade war with the United States. They pushed millions of peasants into coal mining, and the iron and steel works to give them jobs/money so they wouldn’t think about rebellion, but this caused huge amounts of product to be made with nowhere to go but warehouses. So a couple of years ago China had two options, fire one hundred million workers from coal, iron and steel, or dump it on the market for dirt cheap prices and keep the workers working.
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I saw this coming in 1972, when in the Navy steaming in the Indian Ocean and listening to the short wave radio broadcasting Nixon’s visit to China. Nothing good will come of it.
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It’s a great idea. The only people who don’t agree, are cunty liberals who are afraid of China for some reason.. Yeah, I know we have debt with them, but fuck em. We bailed them out of getting their asses handed to them by Japan in WWII.. They owe us their very existence
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>>243861
We bailed you from the British. Pay up.
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>>240044
Apple
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https://www.nytimes.com/2017/08/15/opinion/china-us-intellectual-property-trump.html
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>>243862
Frog?
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>>243798
As if the US isn't the biggest beneficiary of globalism.
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>>243796
>no where on earth can replace the consumption of the US
China has 5 times our population, that's a lot of corn
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>>244197
Which is why we want access to their market without handing over everything first so they can steal it.
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>>243790

Yup.this is gonna be painful, but someone needs to try and stop the total sellout of our manufacturing base before we're completely fucked.... we're only about 90% fucked now.
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>>241196
At this stage of technological development the world should be encouraging population reduction not supporting future public resources distribution states to maintain a high standard of living. China and In IA need to burn before they use up all of humanities collective resources not to feed poor with no drive
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>>244037

this motherfucker thinks Apple is chinese
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>>240064
But...but swamp!
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>>this motherfucker thinks Apple is chinese<<
Well IS it american? They paid FED an effective tax of 13% due to off shore avoidance schemes. Either way its a spying commie libtard company. You aren't wired to n are you?
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>>244448
Dude, in the age of the internet, you cannot seriously be this wrong. I'll even give you a head start on what word to search: Foxconn.

Electronics (and really anything) are typically only shitty quality if they're cheap quality. So "Cheap Chinese electronics" are indeed crap, but there are also "Insanely overpriced Chinese electronics" which are arguably far from crap.
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>>240119
China tends to be known for its inconsistency in construction standards. Many Chinese infrastructure and building projects, when driven by schedule, are not build as designed. When economic progress is in mind, projects are often built ahead of schedule and quality an even tradeoff with time. Politicians push schedule to increase their image appeal.

A lack in construction leadership qualifications leads to sloppy workmanship. Contractors prefer to use cheap building materials in place of durable and sustainable products. When approaching the urban areas, enforcement and quality control becomes more stringent. However, poor construction habits continue to endanger rural and suburban life in China. :P
>>240192
This.
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prior to ww2 most of the federal government's income was from tariffs
having a trade war where we import nothing and export nothing is better than importing more than we expert
it's hilarious to watch self proclaimed liberals and socialists go to bat for the interests of global capitalist oligarchs and international financiers or see newspapers that bemoan the evil corporations outsourcing jobs shriek that the sky will fall if we were to impose tariffs that make outsourcing unprofitable.
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>>243799
Lmao Trump just folded

Nice prediction
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>>240259
Alright then stop all trade

Practically every country has lower standards than the USA. Including Japan and Germany.

US hyperinflation awaits...
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>>240245
About 5,000 articles since March 20th actually.
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>>240279
Obama tariffs = $2 billion of goods
Trump tariffs = $150 billion of goods

Stop equating the two. They’re fundamentally different.
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>>243796
You are a motherfucking idiot who knows literally nothing about international trade.
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>>244613
When we have a trade deficit, we get goods and labor from overseas and pay for it with pieces of paper we print.

Trade deficit != losing
Trade deficit = getting more and cheaper goods than we can produce
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>>244756
Nice argument. yur an idiot durrrrrrr
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>>244750
A tweet responding to Xi making a statement doing exactly what I fucking said would happen.
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China can only put tariffs on 150 B of American goods. While America can put tariffs on 600 B on Chinese exports. China can only lose. Not to say it wouldn't also hurt America, but it would hurt China more.
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>>244803
Yeah he’s not arguing with you mate
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>>240016
There's a reason why the only Economists who advocate protectionism are pretend ones.
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>>244811
The real question is who can negate the price increases better. What % of each country's imports can be replaced by similarly priced local production? What % can be replaced by imports from other countries, again at a similar price point? Are those percentages high enough to prevent massive price increases as demand can't be met? If you can replace enough of the material, you can manage the minor price increase. If you can't, you can expect massive price hikes which can be devastating, especially if the hikes are to essential imports.

In this way having the US is at a disadvantage since it has to replace $600 billion in goods while China only has to replace $150 billion. However I don't really know what portion of each of those values is considered critical (material needed to run core industries or food to feed the population). If only 25% of US imports are critical but 100% of China's imports are critical, then the two are on even footing since it is easier to dump noncritical goods (easier, but not entirely trivial either, it will still cause economic damage but at least it won't domino like food or fuel shortages).
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>>239999
>03/23/18
And now China seems to be on board.
Its almost like trump knows what hes doing
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>>243721
/t
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>>239999
His stance on the theft of intellectual property is respectable.
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>>245061
Lol, can you imagine trump answering a question like "What is your stance on theft on intellectual property"
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>>245100
"It's respectable. Believe me."
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>>245061
President Obama wanted to go after China for their unfair trade practices as well. I think this is a case of people being against anything trump does. You can disagree with the methods he is using, but this should have been done years ago. Robert Kuttner has a good book out and has done some great interviews explaining the problems for those of you who are blinded by trump rage. He doesn't like trump, but everything they are saying about the situation is true.
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>>245129
I wonder why President Obama didn't do that. Maybe to avoid a potentially disastrous trade war? Oh, that's right, its because he's a nigger.

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