Trump Plays Dangerous Game Of Chicken With Trade Tariffs
- Thread starter Tom B
- Start date
"I'm ready to go to 500," he said in an interview with the CNBC channel.
Mr Trump's comments come before the most recent round of US tariffs has had time to take effect.
Last week, Washington listed $200bn (£150bn) worth of additional Chinese products it intends to place tariffs on as soon as September.
https://www.bbc.com/news/business-44898629
Mr Trump's comments come before the most recent round of US tariffs has had time to take effect.
Last week, Washington listed $200bn (£150bn) worth of additional Chinese products it intends to place tariffs on as soon as September.
https://www.bbc.com/news/business-44898629
I don't think you can really rely on the markets too much for your future outlook on Trump's Trade War.
We can't really see the damage it is doing to certain business sections yet. But I guess some who are affected are really hurting and not all of them are in China. They won't forgive the nasty man and his greed, for what exactly ?
He has a germ of a good idea imho and making a mountain of enemies out of it and enjoying their pain.
Here in Britain and elsewhere people will be manoevering to take advantage. Don't expect hurt customers to come flocking back even if the servile Congress gets rid of him.
We can't really see the damage it is doing to certain business sections yet. But I guess some who are affected are really hurting and not all of them are in China. They won't forgive the nasty man and his greed, for what exactly ?
He has a germ of a good idea imho and making a mountain of enemies out of it and enjoying their pain.
Here in Britain and elsewhere people will be manoevering to take advantage. Don't expect hurt customers to come flocking back even if the servile Congress gets rid of him.
certainly there are human emotional elements... but no need to over-sentimentalize these trade relationships... biz is biz... at the end of the day it's all about the bottom line.
if you are in UK then the perspectives are different.
it's the media... the American media, owned mostly by the left wing, is already messed up... they are the enemy of the people.... the overseas media don't understand America as deeply, so they just copy the American media.
I see this in the Chinese media also... overwhelmingly negative.
'nothing much has changed' is an understatement... tax cuts, deregulations, jobs... America is dominating on the world stage again... and on a personal level imagine watching your portfolio going up by 50% since the election.. what can be better.
This is a very tough issue and I am not sure tariff is the right solution but something needs to be done:
Current world trades are neither balanced nor fair. All countries erect tariffs to protect their agenda and strategic interests. The US does the same but to a much lesser degree. Countries all use taxation to protect their industries and forcing technology transfer as a condition of doing business in their country. For years the USG let them.
Europe started the tech transfer practice, first it was airplane manufacturing. So now the US has cut throat competition with Airbus. Late in the 20th century, it was launch vehicles and satellites, same outcome. Lately it is tech companies, fining them for "unfair" competition to force them to open up.
First Japan now China borrowed the same playbook and improved on it. McDonnell Douglas set up manufacturing in Shanghai to build MD80 in order for China to buy their airplanes. GM had to do joint venture with a Chinese partner, transferred designs and manufacturing knowhow and only then were they allowed to sell cars there. Now the local partner has their own brands to sell.
Some of us are against taxing foreign auto imports because consumers would pay more. I agree, all countries, Europe, China, Japan drop their auto import tariff, then let's have a fair fight.
World trade is good if it is fair with reciprocity, it is win-win. But unfair trade is bad, it creates imbalance among trading partners, a win-lose arrangement. Concentration of wealth comes perhaps because the middle class jobs in the US are gone and only low paying service jobs remain.
I am not a Trump supporter and disagree with many of his domestic and immigration policies. I feel this way because I had first hand experience of some of the trade practices I mentioned. If that upsets you, I apologize.
Current world trades are neither balanced nor fair. All countries erect tariffs to protect their agenda and strategic interests. The US does the same but to a much lesser degree. Countries all use taxation to protect their industries and forcing technology transfer as a condition of doing business in their country. For years the USG let them.
Europe started the tech transfer practice, first it was airplane manufacturing. So now the US has cut throat competition with Airbus. Late in the 20th century, it was launch vehicles and satellites, same outcome. Lately it is tech companies, fining them for "unfair" competition to force them to open up.
First Japan now China borrowed the same playbook and improved on it. McDonnell Douglas set up manufacturing in Shanghai to build MD80 in order for China to buy their airplanes. GM had to do joint venture with a Chinese partner, transferred designs and manufacturing knowhow and only then were they allowed to sell cars there. Now the local partner has their own brands to sell.
Some of us are against taxing foreign auto imports because consumers would pay more. I agree, all countries, Europe, China, Japan drop their auto import tariff, then let's have a fair fight.
World trade is good if it is fair with reciprocity, it is win-win. But unfair trade is bad, it creates imbalance among trading partners, a win-lose arrangement. Concentration of wealth comes perhaps because the middle class jobs in the US are gone and only low paying service jobs remain.
I am not a Trump supporter and disagree with many of his domestic and immigration policies. I feel this way because I had first hand experience of some of the trade practices I mentioned. If that upsets you, I apologize.
You make some good points.
The UK is closely tied to what happens in the US. We call our Prime Minister Mrs Poodle - she is so subservient. Hopefully Trump will get tired of ruining the US's relationships with other countries and helping Putin's Russia.
He’s distracting from the Putin issue.