President Donald Trump is expected to unveil a $16 billion aid package for American farmers who have been hurt by the U.S. trade war with China.
[*]Agricultre Secretary Sonny Perdue says the aid package would come from the tariffs currently being collected by the Treasury.
[*]Tariffs on Chinese goods have been paid almost entirely by U.S. importers, according to the IMF.
I put up a good article on the coming Chinese Tariffs and how the Chinese are very careful and particular about the industries they are targetingLets talk about unfair trade practices and how long we have taken it in the shorts as a nation.
That aspect certainly isn't ignored. It just depends on where you see it and who that media outlet feels about trade.Lets talk about unfair trade practices and how long we have taken it in the shorts as a nation.
In terms of the United States, we essentially do not need any external trade. We have almost every resource we could want (yes, I know a great deal of the Viet Nam war was over titanium, but that issue seems to have worked itself out). For almost (not all of) everything, we can handle it internally - from oil to food to medical supplies to - well, you name it. Every big ticket item.Nativist trade policies are a bad idea.
That's the real problem. The idea that Trump's plan to essentially give a massive tax to all Americans in order to combat a battle that can't be won without massive increases in government spending, bailouts, or worse, increased costs of goods Americans purchase is a good one because he believes trade is this zero sum game. No amount of debate or sources will change the minds of people who think that way if the other person debating believes that's an idiotic stance on trade in a global commerce that relies on many different supply chains from across the globe. Nativist trade policies are a bad idea.
That's Capitalism. How do you combat natural capitalist market tendencies with government force? When has that battle ever been won by government?We choose them because they treat their citizens as slaves and we can literally buy stuff from them and ship it here cheaper than we can make it.
Good point. It certainly depends on what your definition of "winning" is regarding trade wars.Then you have the notion that this cant be "won". I say there's room for disagreement on that front. And that expecting truly fair trade, where your own companies IPs are respected and other countries dont tariff your goods while subsidizing their own isn't "nativist".
I don't think most people understand just how bad that IP situation is with respect to doing business with Chinese companies. It's perhaps worthwhile to note that it's not just China that appropriates IP, through legal strong arm tactics or illegally, both. South Korea and Taiwan are no slouches in that department.. And that expecting truly fair trade, where your own companies IPs are respected and other countries dont tariff your goods while subsidizing their own isn't "nativist".
And, true to their capitalistic tendencies being non-existent, they put high tariffs on our goods so there is no reciprocity.That's Capitalism. How do you combat natural capitalist market tendencies with government force? When has that battle ever been won by government?
"Their"? We're talking American choices here. We choose to buy cheap crap from China because we speak with our wallets.And, true to their capitalistic tendencies being non-existent, they put high tariffs on our goods so there is no reciprocity.
But, we are not talking about different economic types here. We are talking about global socio-economics. Their market and ours are not the same. The government, in this case, is not necessarily picking one company over another, it is saying, "y'all aren't fair, so we are going to fight this fight like you've been doing for generations." Oh, and, "you're far more likely to go hungry over this fight before we'll die from lack of cheap shoes and electronics."
We don't want to combat natural capitalist market tendencies, we want them fair. Realize, this is a fight the United States did not start, and our government did not want. Their government got involved, and ours is trying to level the playing field some.
They had steep tariffs on our stuff long before Trump was a politician let alone president. Our government clearly didn't want to challenge China because they did Jack Schitt about it."Their"? We're talking American choices here. We choose to buy cheap crap from China because we speak with our wallets.
Our govt didn't want it? Trump wanted it all along. The problem is, he, and others, think tariffs are the means to do it. And it'll all come at our expense.