This. These are the facts
Mercantile trade policies built super powers in Asia and Europe.
But it "won't work" for America.
More bs.
More crazy bull from Chump
- Thread starter Humpy
- Start date
Mercantile trade policies built super powers in Asia and Europe.
But it "won't work" for America.
More bs.
Widgets? You fucking mental midgets talk out of your ass. We need to burn this fucking trade deal shit to the god damn ground and start over. There is one country, ONE F'N COUNTRY that can survive a trade war. That would be us. One country, ONE F'N country that can ride out a trade freeze. That would be us. Why? One very simple but crucial commodity. Food! No one, not one of these fucks can produce what we do. No one, not one can feed themselves long term. They'll starve by the tens of millions, and I mean literally starve, and that's not something you can wait for the next quarter to fix. I say we bring this whole god damn world to their fucking knees.
http://www.businessinsider.com/the-us-is-the-most-protectionist-nation-2015-9
"There is one country that imposes more protectionist measures than any other.
It isn't China, Mexico, or Japan. It is the US.
That is according to a report from Credit Suisse on globalization. The bank pulled numbers from the Global Trade Alert to show which country has introduced the most protectionist measures. These are policies that restrict trade, often for the sake of helping out local and national businesses by holding back foreign competition....."
"There is one country that imposes more protectionist measures than any other.
It isn't China, Mexico, or Japan. It is the US.
That is according to a report from Credit Suisse on globalization. The bank pulled numbers from the Global Trade Alert to show which country has introduced the most protectionist measures. These are policies that restrict trade, often for the sake of helping out local and national businesses by holding back foreign competition....."
http://www.businessinsider.com/the-us-is-the-most-protectionist-nation-2015-9
"There is one country that imposes more protectionist measures than any other.
It isn't China, Mexico, or Japan. It is the US.
That is according to a report from Credit Suisse on globalization. The bank pulled numbers from the Global Trade Alert to show which country has introduced the most protectionist measures. These are policies that restrict trade, often for the sake of helping out local and national businesses by holding back foreign competition....."
They forgot two minor details:
Tariffs
Currency devaluation.
Which is all u need. Another lie of omission job likely to push an agenda out of credit Suisse.
For a reason.
"Tariffs directly restrict the flow of goods and services by making them less price competitive and were more prevalent prior to the World Trade Organization’s (WTO) regime that began in 1995.
"Tariff rates in Eurasia are the lowest, thanks to freer cross-border trade promoted by the European Union. The dawn of the millennium brought with it a preference for non-tariff barriers, as the WTO actively discouraged the levy of tariffs."
Do you have info that details higher tariffs by the Chinese?
And China is propping up it's currency right now. That's why they've lost a huge amount of reserves in the last few years. If they let the currency go, it would plummet.
I'll just say one last thing. This prevalent notion that thier currency is too cheap by virtue of the fact that they sell a lot of product, and not because their cost of production is a fraction of the US, is absolute bullshit.
If I knew my creditor was totally dependent on me, and would go belly up overnight without me, you can bet your ass i'd be playing hardball negotiations.
I don't have the documentation at my finger tips but it's widely known China and Japan levy all kinds of exorbitant tariffs on imports. While America taxes Asian imports at near zero.
China won MFN status in the WTO a long time ago. Most favoured nation status basically eliminates most tariffs against mfn exports
Most of the yuan depreciation is the Chinese central bank printing renminbi and buying treasuries to keep the usd high relative to the yuan. And yes ur very right about China spending their reserves to prop currency
Same thing with Japan. Boj routinely destroys the yen to keep exports cheap relative to US dollars. Another mercantile beggar thy neighbor economy. Problem is these are #2 and #3 global economies in terms of size who make their living sucking off #1
You make a false assumption; that is, The US would lose a significant amount of its business if it were taxing exports.
That depends on many quantitative and qualitative factors.
How much tax? Does it vary by country?
Fortunately America isn't China or Bangladesh and the country can still make quality products. At the lowest price? No. but much of the world isn't looking for the cheapest solution all the time.