Time to slap tariffs on imports from China

  1. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Time to slap tariffs on imports from China

    If China refuses to stop manipulating the value of the Yuan against the dollar, then the US should slap a tariff on imports from China.

    I am a big believer in Free Trade and am against trade barriers.  But China's manipulation of the value of the US dollar will prevent our economy from growing and poses our threat to our way of life.

    The effect of manipulating of the US dollar by China is almost exactly the same as China slapping a tariff on US imports and a subsidy on Chinese exports to the US.  Outright subsidies on exports are a violation of internation trade law.  But artificially raising the value of the US currency has the same impact - it makes Chinese produced goods cheaper then US produced goods.

    The upside of a tariff is that it will allow US manufacturers to compete with Chinese made goods a services.  It will also improve the economies of our other trade partners, by making goods produced they produce more competitive with Chinese made products.  A stronger economy for our trading partners means we can export more goods to them, further improving out economy.

    The real intent of the tariff is to force the Chinese to stop manipulating the currency.

    The downside of the Tariff is inflation.  It's going to make products made in China or products that compete with Chinese made goods more expensive.

     
  2. You have chosen to ignore posts from RevWright. Show RevWright's posts

    Re: Time to slap tariffs on imports from China

    American consumers will pay either way?? 

    Just ducky !!  
     
  3. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Time to slap tariffs on imports from China

    Yeah, but with Tariffs, American workers will be able to find jobs.

    So far, much of the impact of the stimulous money went to buy goods made in China.  Usually, the stimulus works by workers getting hired, who buy stuff made in America, which leads to more Americans getting hired.  (I'm simplifying.  Ideally, the Americans buy stuff made in America as well as made overseas.  the overseas worker benefits and turns aound and buys stuff made in America, and so forth).  But because of the unfair competition by China, we end up buying stuff from China but China isn't buying anything from us, ending the cycle.
     
  4. You have chosen to ignore posts from RevWright. Show RevWright's posts

    Re: Time to slap tariffs on imports from China

    Do you deem 'unfair competition' to be the wage scale delta ?

    Maybe we overpay (unions) as much as they underpay.
     
  5. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Time to slap tariffs on imports from China

    In Response to Re: Time to slap tariffs on imports from China:
    Do you deem 'unfair competition' to be the wage scale delta ? Maybe we overpay (unions) as much as they underpay.
    Posted by RevWright


    You make the assumption that all manufacturing jobs are unionized. 

    Besides, the wage rate doesn't really matter.  If wages went down, the Chinese would simply buy more US dollars, making the price of their goods cheaper relative to the US made products.

    You are kind of limited in your thinking aren't you?  To you, all problems are caused by democrats or Unions and usually both in combination. 




     
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  7. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Time to slap tariffs on imports from China

    In Response to Re: Time to slap tariffs on imports from China:
    I have proposed for years that we do away with the IRS and have a product transportation tax (per mile shipped) and a fair/flax tax.  The further it travels the more it cost, that should incite local jobs.
    Posted by chiefhowie


    The objective isn't to stifle open and fair trade as your suggestion would do.  The objective is fair trade.  Plus, your suggestion would violate international trade agreements.

    Fair and open trade is a win-win for everyone involved.  It allows countries to produce goods that they have a comparative advantage and trade for goods that they don.t have a comparative advantage.  The concept is not that different for regular people working jobs that they are good at in order to buy stuff that they are good at making.

    One adage is cattle rancher and a farmer.  Both could raise beef and crops, by the farmer's land is better for growing crops and the ranchers land is more appropriate for raising beef.  If they both specialize, their total output is greater than if each had to raise beef and grow crops.  They can trade with each other and both end up with more of both.

    You start putting tariff on what they are doing, then it reduces their overall output.  Everyone suffers.

    The objective of a Tariff on Chinese goods is to fix a distortion in the market place.  The preferred method of fixing the distortion is to get the Chinese to stop manipulating the currency.  The next best solution is a tariff.
     
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  10. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Time to slap tariffs on imports from China

    Tariffs targeted at China focus the impact of our actions on China.  QE is a more general action and can have unintended consequences.  One benefit of QE is the FED doesn't need Congress or the President to sign off on it.  And they don't have to worry about the political repercussions.

    QE of kind of funny.  The Chinese manipulate the exchange rate by buying large abouts of dollars.  But the Chinese have to do something with the dollars - they can't just stick it underneath a mattress, plus even with a little inflation, the dollars will lose value.  So they use the dollars to buy US Treasuries.

    QE will work by buying US Treasuries from thier holders who are the Chinese.  The Chinese buy dollars and use the dollars to buy treasuries which are bought back by the FED in exchange for dollars.
     
  11. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Time to slap tariffs on imports from China

    In Response to Re: Time to slap tariffs on imports from China:
    The objective isn't to stifle open and fair trade as your suggestion would do.  The objective is fair trade.  Plus, your suggestion would violate international trade agreements.  How!  This would be imposed on everyone doing business in the USA. Those farmers use highways  and other USA support. Don't they pay FED taxes like everyone else. IRS would be done.     WE are about the only ones who abide. How about EURO restrictions, VAT. 
    Posted by howiewho


    International Trade agreements prevent import tariffs.  We have a free trade agreement with Canada and Mexico.  We can't put tariffs on imports from those 2 countries.

    The agreement, for example, with South Korea that Obama is trying to work out is about non-tariff restrictions.  I believe the issue is over beef imports (I believe US raised beef has too many steroids) and car imports (our cars don't meet their fuel economy standards).

    We place restrictions on imports as well.  Cars imported to the US have to meet certain safety restrictions, for example.
     
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    Re: Time to slap tariffs on imports from China

    In Response to Re: Time to slap tariffs on imports from China:
    In Response to Re: Time to slap tariffs on imports from China : I get your drift but we are doing QE2 already and they are not going to stop unless something happens to force them to. So I don't know how tariffs would fit in their scheme. Not that I think they shouldn't. I think there are probably other reasons for doing QE2 - propping up the stock market, and increasing inflation so that if we ever pay back debt it is with dollars that are worth less. Bound to make the Chinese happy too! The FED is not buying back debt from  the Chinese at least in an open manner. They are buying debt from banks. The banks then turn around and dump the money in the stock market. If you look at a chart of IBM since the FED started this QE up again in late August it goes up like clockwork. They are gaming the DOW as IBM is the most heavily weighted of DOW stocks. And of course there are only 30 DOW stocks. They even have a schedule for it on the web.
    Posted by Newtster


    I meant metaphorically that the FED was buying the Debt from the Chinese. 

    The Stock market responded to QE because QE is considered expanisonary Monetary Policy, meaning that it's intent is to make the economy grow.

    Granted, the FED buying treasuries will mean that those buying T Bills will have to find other investment mechanisms, such as the Stock Market - but banks can't invest in the Stock Market.  The most they can do is lend to those companies.  But really, what different does it make if it get's companies to expand?
     
  15. You have chosen to ignore posts from Super77. Show Super77's posts

    Re: Time to slap tariffs on imports from China

    Here is the latest poison 'MADE IN FRAUD FAKE CHINA"

    http://tinyurl.com/2eyzwcu

    tHIS thing gotto stop!!
     
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