Trade War

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Message 1956393 - Posted: 19 Sep 2018, 22:16:31 UTC

yawn
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Message 1956399 - Posted: 19 Sep 2018, 22:40:27 UTC

https://money.cnn.com/2018/09/19/news/companies/walmart-tariffs-trump-china/index.html
Two weeks ago, Walmart asked the Trump administration to walk back its plan to put tariffs on Christmas lights, shampoo, dog food, luggage, mattresses, handbags, backpacks, vacuum cleaners, bicycles, cooking grills, cable cords and air conditioners.

The latest round of tariffs brings the US trade war with China directly to Walmart, the country's largest retailer, and hits the everyday products it sells.

Other retailers and consumer goods companies, including Ace Hardware and Joann fabric and craft stores, also lobbied the administration.

Target said the tariffs will "hurt American consumers," and said working families will pay more for school and college essentials like notebooks, calculators, binders and desks.
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Message 1956405 - Posted: 19 Sep 2018, 23:26:13 UTC
Last modified: 19 Sep 2018, 23:38:36 UTC

Tariffs = higher wholesale and retail prices = inflation. That is by definition, that is not an opinion.
The Fed is mandated by law to control inflation so higher interest rates will follow.
Higher interest rates will throttle our debt burdened economy.
The bubble will burst.
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Message 1956408 - Posted: 19 Sep 2018, 23:41:35 UTC

Yes, the picture does not look good.
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Message 1956417 - Posted: 20 Sep 2018, 0:48:18 UTC
Last modified: 20 Sep 2018, 0:48:43 UTC

Now do you understand what we've been trying to tell you for months on end Clyde?

Your tariffs are only hurting yourselves as the rest of us are free trading around you, but this old fact that has been falling on some deaf ears. :-(
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Message 1956441 - Posted: 20 Sep 2018, 3:54:22 UTC

And you just can't admit your own country's part in triggering all this off (as well as many other things) let alone "fill in the negatives" about it, can you?
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Message 1956466 - Posted: 20 Sep 2018, 13:00:29 UTC

Cause and effect Clyde, cause and effect. ;-)
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Message 1956471 - Posted: 20 Sep 2018, 14:10:27 UTC - in response to Message 1956467.  

They are attempting, as Capitalist's, to supplant the Old Capitalist Country as the New Capitalist Controllers of you and all.
Well well, finally an admission that Yanks only care about themselves & ANYONE that interferes with that are to be slapped down.

Your own words are now coming back to bite your ass.

Haven't owed any money, be it Mortgage, Cars, Credit Cards, etc. for many, many years.
Our Investments over many decades are greater than our Inflation Linked Social Security and Pensions, which are not needed to live. About half of the Inflation Linked Income are re-invested and the other half helping family, when needed, and our grandchildren's education. With an occasional trip.
We made a decision many, many, many, many years ago to forgo non-need expenses, trips, expensive cars/houses, etc. To save and invest in our children's and now our grandchildren's future.
YOU only want America to have those opportunities, how selfish can one really get?
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Message 1956479 - Posted: 20 Sep 2018, 14:45:48 UTC - in response to Message 1956474.  

Oh dear, you're slipping. How many times have you ranted at us for not providing the full quote? Tut tut tut.
ARE you saying that America is not a Capitalist nation?
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Message 1956486 - Posted: 20 Sep 2018, 15:13:07 UTC - in response to Message 1956485.  

Oh dear, you're slipping. How many times have you ranted at us for not providing the full quote? Tut tut tut.
ARE you saying that America is not a Capitalist nation?

Dear Sirius B... The rest of the quote. With your continuous false allegations.

Your own words are now coming back to bite your ass.

Haven't owed any money, be it Mortgage, Cars, Credit Cards, etc. for many, many years.
Our Investments over many decades are greater than our Inflation Linked Social Security and Pensions, which are not needed to live. About half of the Inflation Linked Income are re-invested and the other half helping family, when needed, and our grandchildren's education. With an occasional trip.
We made a decision many, many, many, many years ago to forgo non-need expenses, trips, expensive cars/houses, etc. To save and invest in our children's and now our grandchildren's future.
YOU only want America to have those opportunities, how selfish can one really get?

What "words" are you referring to regarding this Anti-Capitalist?

So either what you posted is a pack of lies, or you're a capitalist. Which is it? You can't be both for & against.
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Message 1956493 - Posted: 20 Sep 2018, 15:28:37 UTC - in response to Message 1956488.  

Dear Sirius B...

Question: What Pro Capitalist "words" or posts are you referring to?

Answer: None.

Just another example of your need to make false allegations and maliciously attack another poster.
Our Investments over many decades are greater than our Inflation Linked Social Security and Pensions, which are not needed to live.

Is that or isn't it, an attribute of a Capitalist?
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Message 1958028 - Posted: 1 Oct 2018, 13:30:32 UTC

Looks good on paper...

...but Trump & his ilk should note the following:
However, many economists don't think trade balances are primarily the outcome of trade policy - instead they reflect government borrowing, private investment and savings decisions and international capital movements.
Funny way to clear the swamp.
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Message 1958037 - Posted: 1 Oct 2018, 14:15:48 UTC - in response to Message 1958028.  

And so far no mentions about the US tariffs on steel and aluminium imports from Mexico and Canada...
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Message 1958038 - Posted: 1 Oct 2018, 14:18:27 UTC - in response to Message 1958037.  

Probably mentioned in the "small print" in the USMCA. :-)
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Message 1958056 - Posted: 1 Oct 2018, 16:23:33 UTC

Not so fast, is USMCA going to get through Congress, it is not going to voted on until next year, after it has been looked at by the Trade Promotion Authority legislation, including an analysis by the U.S. International Trade Commission.
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Message 1958071 - Posted: 1 Oct 2018, 17:19:37 UTC

Basic math
NAFTA + Trumpian bluster = USMCA
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Message 1958076 - Posted: 1 Oct 2018, 19:09:27 UTC
Last modified: 1 Oct 2018, 19:20:27 UTC

The biggest impediment to this agreement was the dairy industry, who have been among the largest lobbyists for "supply management" ie extreme tariffs and subsidies. They are angry already at the concessions...

Lessons for Canada from New Zealand’s dairy industry (note that this is from over two years ago and TVO is our Ontario government TV station, not a dubiously accurate "think tank") :

Tiny New Zealand, with a population just one-eighth that of Canada, is on a quest to quench the world’s thirst for milk. Today milk is the country’s biggest export, and 95 per cent of what Kiwi farmers produce goes abroad, mostly to China.

Compare that to Canada, where dairy farmers keep fighting to protect their supply management system, which means higher milk prices for consumers and puts a strain on Canada’s trading relationships. Only five per cent of what Canada produces is exported.

While Canada is wringing its hands about what to do about the dairy sector, the question to ask is: Will ending supply management spell doom for Canadian dairy farmers?

Since moving to a free-market model from subsidies and tariffs, dairy in New Zealand has become the country’s top export earner. Overseas shipments last year, totalling NZ$11.9 billion worth of milk, accounted for about two per cent of world production, according to a report by the Dairy Companies Association of New Zealand.

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Message 1958089 - Posted: 1 Oct 2018, 22:19:49 UTC - in response to Message 1958076.  

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Message 1960630 - Posted: 17 Oct 2018, 8:47:21 UTC

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Message 1960751 - Posted: 18 Oct 2018, 11:21:37 UTC

Tariff engineering.

The Chicken Tax
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Message boards : Politics : Trade War


 
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