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Thread: Tariffs and trade !

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    Default Re: Tariffs and trade !

    I cannot believe that union guys are taking the position of the Plantation owners of the civil war. It is they who wanted free trade and we know how they treated their help. We would have never even gotten off the ground with manufacturing if we had not followed Lincoln. We cannot rely on the world for our survival. We should make everything we need. Free trade ideology killed, manufacturing and it gave power to the 1%. A 1% who are petty much the same percent who the whole South fought for and lots of people on both sides died for. The Japanese cars and electronics were the downfall of the unions and the downfall of a voice in government which stood for the working class. The car was used to tell us how spoiled we were. and how lazy. and how corrupt the unions were......and once in.....it left us with service oriented society which pays nothing and has even less than nothing as a voice in government................More power to tariffs. It's the only real way to rebuild the union voice which free trade destroyed. "rugged individualism and everybody for themselves, backstabbing....those mentalities come from the fear which free trade brought when the unions were destroyed.
    Last edited by slavenomore; 1 Week Ago at 07:04 AM.

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    Default Re: Tariffs and trade !

    Quote Originally Posted by slavenomore View Post
    I cannot believe that union guys are taking the position of the Plantation owners of the civil war.
    That is a little far off.
    The complaint being the tariffs have hurt every American citizen NOW. ( Increased costs and higher taxes )
    The other complaint is the program to help farmers after the tariffs were enacted is socialist in nature.
    The world has changed. We can't go backwards to civil war times or compare then to now.
    Instead of saying we should remain in the past because that is when the industrial revolution occurred.
    We should be saying move forward, educate and adapt to a new and ever changing world.

    Bottom line, these tariffs and the games being played, harm the regular citizen. We pay more for products. The farmers are going bankrupt. The foreign owned ( but on US soil ) auto assembly plants will stop exporting vehicles and will lay-off thousands.
    But a tariff war is easy to win.
    Sure it is. When your wealthy and you don't live week to week.
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    Default Re: Tariffs and trade !

    The latest on the tariff issue.

    Trump Raises Possibility of Walking Away From China Deal
    President Donald Trump on Wednesday dangled the prospect of walking away from a new trade deal with China if it's not to his liking, just as he cut short his summit with North Korea's Kim Jong Un when the two sides failed to reach an agreement.
    So far, the U.S. has imposed tariffs on $250 billion of Chinese imports. China retaliated by slapping duties on about $110 billion of U.S. goods. Many of the tariffs imposed by China target U.S. farm products such as soybeans and pork, contributing to a projected 12 percent drop in net farm income last year.
    Farmers are anxious for the president to work out an agreement with China as well as for Congress to ratify a new trade agreement with Canada and Mexico to replace the North American Free Trade Agreement.
    Sen. Chuck Grassley, R-Iowa, the chairman of the Senate Finance Committee, said after the White House meeting with Trump that he urged the president and lawmakers "to solve this tariff issue on steel and aluminum."
    Trump imposed tariffs on imported steel and aluminum in the name of national security, but those tariffs have led to a series of retaliatory tariffs from Canada and Mexico targeting farm country.
    While Trump portrayed China as anxious for a trade deal, his former economic adviser, Gary Cohn, said he believes it's the U.S. that is "desperate" for an agreement.
    "The president needs a win," Cohn said in a Freakonomics Radio podcast that aired Wednesday night.
    "I was losing the war on tariffs every day with the president. I knew I wasn't convincing him I was right," Cohn said.
    https://www.usnews.com/news/business...ade-with-china

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    Default Re: Tariffs and trade !

    A follow up post in regards to my last post where Gary Cohn was interviewed and questioned about the tariffs and inside the Trump administration.

    Gary Cohn lashes out at former White House colleagues: ‘Living in chaos’
    Former White House chief economic advisor Gary Cohn lashed out at some of his former colleagues, charging in a radio interview that the U.S. is losing the trade war as administration officials pursue a strategy that hasn’t worked.
    Cohn, President Donald Trump’s first director of the National Economic Council, specifically pointed his finger at Peter Navarro, who serves as director of the National Trade Council, and Commerce Secretary Wilbur Ross for drawing the country into a misdirected tariff battle.
    “Tariffs don’t work. If anything, they hurt the economy because if you’re a typical American worker, you have a finite amount of income to spend,” the former Goldman Sachs executive told “Freakonomics” radio in an interview broadcast Wednesday. “If you have to spend more on the necessity products that you need to live, you have less to spend on the services that you want to buy.”
    https://www.cnbc.com/2019/03/13/gary...-in-chaos.html

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    Default Re: Tariffs and trade !

    No other nations but the 'educated' ones are stupid enough to put their own uneducated and poor out of work and on government socialist programs which give the unemployed almost as much luxury as those who work right above them and have to have taxes taken out to see people not working have homes, cars, and full refrigeratprs when they are not working. France is another of the 'educaed' nations who probably gave up their working class jobs for free trade nonsense ideals....and here they are " the apocalypse" https://www.msn.com/en-us/news/world...cid=spartandhp

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    Default Re: Tariffs and trade !

    Quote Originally Posted by fxstc07 View Post
    That is a little far off.
    The complaint being the tariffs have hurt every American citizen NOW. ( Increased costs and higher taxes )
    The other complaint is the program to help farmers after the tariffs were enacted is socialist in nature.
    The world has changed. We can't go backwards to civil war times or compare then to now.
    Instead of saying we should remain in the past because that is when the industrial revolution occurred.
    We should be saying move forward, educate and adapt to a new and ever changing world.

    Bottom line, these tariffs and the games being played, harm the regular citizen. We pay more for products. The farmers are going bankrupt. The foreign owned ( but on US soil ) auto assembly plants will stop exporting vehicles and will lay-off thousands.
    But a tariff war is easy to win.
    Sure it is. When your wealthy and you don't live week to week.
    1955 is when union numbers were highest and unions had power and voice in government and we had a DECENT nation. If you want strong unions and higher numbers we are gonna have to go back.......or be totally ruled by the 1% without any chance whatsoever to fight them. The new progressive idea is to pay people a set amount of money just for living....and who is gonna pay for that? Not the one percenters...but the guys in the New Penn drivers room and dock.....should we keep working to pay for that...or should we all just quit and wait for somebody to give it to us all? Who is gonna give it if we do that? Should we all keep giving 3-400 dollars/week to these ideas without interest in the form of taxes? Stuff is still being manufactured by hand throughout the world....it is not all automated, therefore we should keep the poors hands occupied with work....and unions to make sure that work pays, and we should not give that work away to any nation........I don't want to work to pay for other people's families...Nobody paid for mine......I didn't run around making babies with people without marriage and don't want to pay for others who have to have free food and shelter for theirs...mine wasn't free.........give the young men work that they can handle without education and pays enough to raise families and maybe they will marry and not be a burden......Manufacturing does that......stuff is still being made....and the nations making it are not giving the work back to us...because it allows them to afford to raise their families.

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    Default Re: Tariffs and trade !

    Quote Originally Posted by slavenomore View Post
    1955 is when union numbers were highest and unions had power and voice in government and we had a DECENT nation. If you want strong unions and higher numbers we are gonna have to go back.......or be totally ruled by the 1% without any chance whatsoever to fight them. The new progressive idea is to pay people a set amount of money just for living....and who is gonna pay for that? Not the one percenters...but the guys in the New Penn drivers room and dock.....should we keep working to pay for that...or should we all just quit and wait for somebody to give it to us all? Who is gonna give it if we do that? Should we all keep giving 3-400 dollars/week to these ideas without interest in the form of taxes? Stuff is still being manufactured by hand throughout the world....it is not all automated, therefore we should keep the poors hands occupied with work....and unions to make sure that work pays, and we should not give that work away to any nation........I don't want to work to pay for other people's families...Nobody paid for mine......I didn't run around making babies with people without marriage and don't want to pay for others who have to have free food and shelter for theirs...mine wasn't free.........give the young men work that they can handle without education and pays enough to raise families and maybe they will marry and not be a burden......Manufacturing does that......stuff is still being made....and the nations making it are not giving the work back to us...because it allows them to afford to raise their families.
    Know what else was different in 1955 ?
    The tax rate. That's why things were different too.
    91% was the top rate for earners over 200K.
    https://taxfoundation.org/us-federal...sted-brackets/

    As for everything else you posted.
    We all pay taxes. It goes towards the good of all.
    The tariff issue has harmed much more then it helped, because it hasn't helped anybody. It may never help, even though it was an "easy to win" issue.

    Manufacturing in this country will never return to 1900 levels.
    As some military people say ... “Improvise, Adapt, Overcome.”

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    Default Re: Tariffs and trade !

    Quote Originally Posted by fxstc07 View Post
    Because of the tariffs ! The program to help pay for the losses, a socialist program or not, cannot help after it's too late.

    Farm Belt Bankruptcies Are Soaring Across the Midwest

    https://www.newsmax.com/newsfront/fa.../06/id/901566/
    The news hasn't gotten any better.
    The farmers are suffering and it's reflected in the bankruptcies.

    Midwest farm bankruptcies on the rise, with Wisconsin leading the way
    The financial pain of farmers in the Midwest has gotten the attention of the national media as farm income dropped in 2018 and farm bankruptcies rose.
    The Wall Street Journal reviewed federal bankruptcy court data and reported that bankruptcies in three regions that include major farm states rose to the highest level in at least 10 years.
    Reporters Jesse Newman and Jacob Bunge wrote that farmers filed for Chapter 12 bankruptcies in the Seventh Circuit Court of Appeals – Illinois, Indiana and Wisconsin – at double the rate in 2018 as compared to 2008. In the Eighth Circuit, including states from North Dakota to Minnesota to Arkansas, bankruptcies rose 96 percent. The Tenth Circuit had 59 percent more bankruptcies than a decade earlier.
    Paul Mitchell, professor of Agricultural and Applied Economics at the University of Wisconsin-Madison notes that Wisconsin has the dubious distinction of leading the nation in these farm bankruptcy filings – with 49. The next highest state was Kansas with 35; Nebraska had 27; Minnesota and Georgia each had 26. Texas had 25 and New York had 24.
    https://www.wisfarmer.com/story/news...es/2979882002/
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    Most of what we hear is about the tariff issue and the destruction of farms and families in the mid-west.
    Here is more proof this ( easy to win ) tariff war costs us all more then we can imagine.

    Export slump deepens for American whiskey producers
    - For American whiskey producers, their tariff-induced hangover became more painful in late 2018 when a downturn in exports accelerated, especially in the European Union - the industry's biggest overseas market, an industry trade group said Thursday.
    Overall exports of bourbon, Tennessee whiskey and rye whiskey fell 11 percent during the second half of 2018 compared to the prior-year six-month period as the impact of tariffs started to be felt, the Distilled Spirits Council said in a new report.
    Last month, the council released an annual report that showed American whiskey exports had declined by 8.2 percent between July and November of 2018 compared to the prior-year period. But the report did not include December export figures.
    "With the full-year data in hand, it is clear that the retaliatory tariffs are having a significant and growing impact on American whiskey exports," council President and CEO Chris Swonger said in a release. "The damage to American whiskey exports is now accelerating, and this is collateral damage from ongoing global trade disputes."

    The export figures have confirmed fears among whiskey industry leaders that tariffs would depress overseas sales.
    https://www.wftv.com/news/national-n...mestream_click

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    Default Re: Tariffs and trade !

    Back to the farmers and the destruction of the lifestyle, thanks to our current administration and the "easy to win" tariff war.
    How much harm did anyone think this would cause. Apparently they didn't think.
    The suicides, the bankruptcy's, the hardship for the families. It's easy for someone NOT in that place to say people have to suffer a little before it gets better.

    America’s Farmers Call for Help as Debts Climb to 1980s Levels
    The worst agricultural downturn since the 1980s is taking its toll on the emotional well-being of American farmers.
    In Kentucky, Montana and Florida, operators at Farm Aid’s hotline have seen a doubling of contacts for everything from financial counseling to crisis assistance. In Wisconsin, Dale Meyer has started holding monthly forums in the basement of his Loganville church following the suicide of a fellow parishioner, a farmer who’d fallen on hard times. In Minnesota, rural counselor Ted Matthews says he’s getting more and more calls.
    “Can you imagine doing your job and having your boss say ‘Well you know things are bad this year, so not only are we not going to pay you, but you owe us,’ ” Matthews said by telephone. “That’s what’s happened with farmers.”
    Few agricultural states have been hit harder than Baldwin’s Wisconsin, whose state license plates proclaim it as “America’s Dairyland.” Wisconsin lost almost 1,200 dairy farms between 2016 and 2018, government data show.
    Still, farmers support Trump, in part due to his public support for corn-based ethanol, Rosmann said. Last week, the Environmental Protection Agency advanced a plan meant to expand the U.S. ethanol market, the first step in fulfilling a promise Trump made in Iowa last fall. About $8 billion in farmer aid has also taken some of the sting out of the trade war.
    https://www.ttnews.com/articles/amer...b-1980s-levels

 

 
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