> Hi Aine
> I'm not sure where your getting your info but of
> course super powers can be protectionist and
> impose tariffs. Its not a globalist action and as
> I presented globalism is in a downward trend. I
> guess your a globalist supporter?
> No farmers aren't being wiped out. Trump is very
> strategic with his tariffs. Companies,even Chinese
> ones are moving manufacturing out of China to
> evade the tariffs. Its costing China jobs.
You are so wrong. Where are you getting information? You should get your money back. If we go protectionist, we'll no longer be a world power. Period.
Companies aren't moving out of China because of the tariffs. Rising labor costs in low end manufacturing are driving it, and it was going on long before the tariffs. The Chinese government views it as a GOOD thing, because now they will focus on high end manufacturing and upgrade their plants accordingly.
China can afford to go tit for tat and wait Trump out. It doesn't matter to them--Xi isn't up for re-election. The Chinese plan their economy decades ahead, and they're prepared to outlast Trump's stupid moves. They set the trap and he walked right into it.
You clearly have no understanding of how these things work. How long do you think the government is going to give handouts to farmers? (Yes, a handout. Socialism, dontcha know!!) They're getting hit hard. Their markets are gone and won't come back. Brazil and Argentina are more than happy to supply commodities like soybeans at cheaper prices--the tariffs caused an oversupply of products like soybeans, which caused prices to plummet. When they can sell, they don't make nearly enough. Econ 101, supply and demand. You're just making stuff up as usual.
China pays nothing for the tariffs. Domestic importers do. The tax goes to the Commodity Credit Corporation at USDA via Treasury but that money is a general fund not specific to bailing out farmers. What will happen when that well goes dry?
And there's one other thing. Who do you think holds a few trillion of our debt? Uh huh. And what what do you think would happen if they cashed in all the bonds they hold?
What would we pay them with? Fort Knox?
Edited 1 time(s). Last edit at 25-Aug-19 01:13 by Aine.