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Question

Tariffs

Apr 7, 2018 12:37AM PDT

I hope the child knows what he's doing.

After Ryan's tax cut plan the treasury is selling a lot of debt.

The fed has cut back buying and if China does the same interest rates are going to jump.

Hang on to your wallet.

I wonder if the child is just bored now that he can't have fight with Mr Kim so he moved to Mr Xi.

Discussion is locked

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Answer
RE:I hope the child knows what he's doing.
Apr 7, 2018 4:34AM PDT

He knows.... and others will pay/suffer....I think some have already paid...

I think there could be less pain IF the negotiations were less public....Given that the public has NO say...It's HIS way or NO way....Shut his cakehole make the deal and live with the consequences....Of course it could be just bluster....such as

Trump backs down with allies ...
Fears of Trump's trade crackdown started with his March 1 announcement of tariffs on steel and aluminum imports to the US.

At first, Trump and some administration officials said no country would be exempt from those tariffs. It prompted an uproar from US allies such as Canada and the European Union, which promised to strike back at the US with trade restrictions of their own.

Over the next several days, however, the Trump administration began to back off. First, Canada and Mexico got exemptions — then, negotiations began with other allies.


Trump admits tariffs could cause 'pain' in markets

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Answer
It's a shame this discussion can't be just about Tariffs.
Apr 7, 2018 8:05AM PDT

Tariffs compared to decades past are very low. Here's what happened when the tariffs were reduced.


This is a simplistic chart to show what happened when tariffs were dropped. Maybe this is the right direction to bring it back to parity.

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No dog in this fight. I pay whatever the cashier
Apr 7, 2018 12:05PM PDT

charges me; the why doesnt matter to me.
I wonder more about his idea that "tariff fights are easy to win". In every such in history there has been at least one losing country, which indeed found the winning difficult. Sometimes both countries are hurt so much that it's hard to declare a winner. Correction: It isn't the "countries" - concepts on a map - but their citizens who are hurt. In wartime it is not the Commander in Chief who dodges the bullets.

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Tariffs
Apr 7, 2018 12:08PM PDT

As of today we have singled out China.
I don't expect China to sit on their thumbs......action/reaction.
I don't know how this will play out but if this continues I expect a ripple effect through our economy.
It would be nice to see this settled at the negotiating table.....time will tell.

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It's a shame that no one is here
Apr 7, 2018 1:08PM PDT

To give the history lesson. Our current CIC is not a great communicator.

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The child
Apr 7, 2018 2:02PM PDT

Is in over his head.

He does not understand how things work and has no desire to learn.

He has the I'm the boss syndrome, what I say goes, I'm a master deal maker.

Communication......that's done via twitter, make up stuff and let your thumbs fly.

Trade deficit.....All counties that want to participate in the global economy must play by the same rules otherwise it's not going to work.

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Interesting statement from a liberal
Apr 8, 2018 5:14AM PDT

"He does not understand how things work and has no desire to learn."

So many in Congress DO know how it "works" and have failed miserably over decades of being there.....so why are you so quick to tell a BUSINESSMAN that he doesn't understand economics?

Your last statement explains it all and yet you contradict yourself with your previous statement. Which do you really believe? ALL must play by the SAME rules or it doesn't work OR Trump's attempt at MAKING them all play by the same rules when others before him WOULDN'T?

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RE:BUSINESSMAN that he doesn't understand economics?
Apr 8, 2018 5:53AM PDT

Ask the guy that filed for bankruptcy how many times?

What was that guys name?...I refer to him as TheRUMP.

Bankruptcy was HIS get out of jail FREE card....how will the country of America 'get out of jail FREE"?

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(NT) OLD NEWS and incorrect how many times?
Apr 8, 2018 6:35AM PDT
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My thought is
Apr 8, 2018 8:19AM PDT

Trump is in marketing.

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The child
Apr 8, 2018 6:08AM PDT

Where did I say the child does not understand economics?

I said I hope he knows what he is doing.

The child has the benefit of a strong economy which should be able to absorb the reaction.

Others may not have had that luxury.

As for congress they have one priority......get reelected.
So they learn how to play the game.

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Maybe you'd prefer Governor Moonbeam in California?
Apr 8, 2018 11:48AM PDT

Enjoy a bike ride through Anaheim. Places like this are all over California in every city and many towns.

California, Home to Barbara Boxer, Nancy Pelosi, Diane Feinstein, Maxine Waters,...

Which of these do you think would be better for America than Trump?

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There would be less of them there
Apr 8, 2018 11:51AM PDT

if it was colder in California....

IF it was warmer in Maryland there would be more homeless moving there...

It's a lot more comfortable being homeless in a warm place/state...

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Your just like Toni
Apr 8, 2018 12:26PM PDT

You reply to a post with something that has nothing to do with the post your replying to.

Is this how Trump lovers think?

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There are far more like me than like you
Apr 8, 2018 2:37PM PDT

They just aren't here in SE to torment you to tears unfortunately....they have either stopped coming completely or have passed on. We used to have well over 500 members who were here pretty consistently....We're down to five or six, and that counts the Moderators (and even then, most of the Mods posting here are relatively new....I haven't seen Diane in ages and wonder if she's even still a Mod).

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(NT) Diane was no longer a Mod, then no longer on SE.
Apr 8, 2018 4:56PM PDT
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Diana.........where is she now?
Apr 9, 2018 2:54AM PDT

Haven't seen her in ages........

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Teach us Bob, Teach us
Apr 8, 2018 11:39AM PDT

Surely you know more about money than Trump. Surely you would make a better President in all areas. Will you be announcing your run in 2020 anytime soon?

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Nope
Apr 8, 2018 12:08PM PDT

Being the prez is the last job I'd want.

As for the child and money he knows how to file for bankruptcy when a deal goes sour and stiff the creditors.

Who will get stiffed if this deal goes sour?

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You keep repeating the same error.....
Apr 8, 2018 2:46PM PDT

TRUMP didn't file bankruptcy, EVER......four of his BUSINESSES did, using existing laws to do so, just like General Motors has done TWICE already.....and BO's holding of GM stock cost us $30B in lost revenue we never got back because BO sold it at a loss. Yep....WE GOT STIFFED, Bob.

For the whole history of GM and how crappy THEY ran it and the even crappier 'deal' BO made compared to THOUSANDS of deals TRUMP has made over his lifetime in business with only four 'hits', read all four pages at this site....it's one you trust, I promise. Every deal BO made in 8 years went south pretty quickly.

https://www.forbes.com/sites/louiswoodhill/2012/08/15/general-motors-is-headed-for-bankruptcy-again/#75b57c9b6bb9

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The child
Apr 8, 2018 3:37PM PDT

Had some good tax types that structured his business dealings so he was personally isolated if they went bust.

If this China thing turns into a trade war who's going to get stiffed?

Somehow I doubt BO ever held 30B in GM stock.

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Nitpick...you've learned well from JP
Apr 8, 2018 4:06PM PDT

We have ALWAYS been in a trade war with China, et al, Bob.....Where have you BEEN? When the USA is ALWAYS on the losing end of trade deals, don't you think that can be considered to be a war against the economy and people of the USA?

Yep...but BO is responsible for the 'deal' made with GM, that included $30B in GM stock that tanked and can never be recovered. He made the decision to sell it at a loss when time ran out for GM to pay the money back because another part of that 'great deal' was that the original GM would fold like a house of cards and all stock from the original company was made worthless....GM was forced to shutter its doors and start over again as a brand new company with NEW stocks available.....but the old stock was NOT allowed to be switched over to the new company. If you doubt me, because you think I've jumped to a conclusion, I know from personal experience that that's what happened to my mother's stock that she had in the old GM. We found out when she died and her estate was being closed out. How's THAT for a great deal? Look up 'old GM stock' and prove me wrong.

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JP has learned
Apr 8, 2018 5:17PM PDT

How to filter out your tripe.
I'm still learning.

If we sign onto some trade deal then we are obligated to follow the deal.

If the other party does not follow the deal then there is a problem.

Which might require a 3rd party to step in and make a judgement.

I'm still back to who is going to get stiffed if this China thing turns out to be a full out trade war?

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"Tripe"???? Where is the tripe
Apr 9, 2018 3:02AM PDT

in my post about having already been in trade wars because of past deals made regarding trade? We have already been stiffed because of them and I don't see where you are even agreeing with that, but instead 'carping' about Trump bringing that to light and actually trying to do something to level the playing field finally. Why would we need a 'third' party to step in and make a judgment? We already HAVE a third party or two "Monetary Fund" and the "UN" and how well has that worked out for the USA so far? Every time they make judgments/decisions, it goes against the USA.

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Carp
Apr 9, 2018 3:44AM PDT

I did not carp about the child bringing them to light.

I wondered if the child had thought this through before starting what might become a trade war with China.

If neither side blinks this is going to get messy.

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Just look into the next Mod cubicle, Rob.
Apr 9, 2018 12:49PM PDT
Grin
Kees is European, so he learned things. He's Dutch, and Holland has a history of trade wars that make the Boston Tea Party look like a tea party.
Or Dafydd. Wales sticks out into the Atlantic like a finger, beckoning smugglers for centuries.
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Answer
Another 'it's in the past' question for you
Apr 7, 2018 8:28AM PDT

Were you all this concerned when BO's Treasury was sending $85Billion per MONTH to Wall Street for the entire8 years he was prez? Which in large part doubled the National Debt rapidly? Who do think was also selling off that debt to the point that the interest on those loans alone is about a tenth or more of our entire economy now, and going higher every year since we are ONLY paying that interest and nothing on the principle? Did the people you are so worried about have a say in any of that?

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Typical Toni post
Apr 7, 2018 12:23PM PDT

Pull out the grudge list and carp about BO.

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Another typical Bob answer....NADA
Apr 8, 2018 5:18AM PDT

It was ONLY a year and a half ago that that $85B was STILL being sent by BO's Treasury and putting us MONTHLY deeper in debt, yet you refuse to acknowledge the fact that it cost the taxpayers nearly $9 TRILLION over 8 years with that move and THAT doesn't count the INTEREST.

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Toni world
Apr 8, 2018 6:19AM PDT

I won't go into Toni world......the past.

When you have something to say about the present come back and post again.