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03-02-2018 , 09:05 AM

#626

amplify

Eternal Unknowable Mesmerizing

Join Date: Sep 2005 Posts: 78,255

I TOOK THE TOP OFF THE MAYBACH

03-02-2018 , 10:27 AM

#627

master3004

Revisionist Historian

Join Date: Mar 2010 Posts: 56,419

Hey cool, who is ready for a trade war?

03-02-2018 , 10:39 AM

#628

iamnotawerewolf

Carpal \'Tunnel

Join Date: Jul 2011 Posts: 31,482

On a ranking of steel exporters to the US that I saw yesterday, China ranks 11th.

According to the US commerce dept, the US already had (in 2017 Q3) more anti-dumping restrictions against China than any other country.

Just as China does not fall within the US' top-10 steel exporters, so too does the US not fall within China's top-10 steel importers.

03-02-2018 , 10:40 AM

#629

iamnotawerewolf

Carpal \'Tunnel

Join Date: Jul 2011 Posts: 31,482

which leads me to question how much of this protectionism talk is actually based upon measured economics and how much is xenophobic hysteria

03-02-2018 , 10:53 AM

#630

pwnsall

CFBBPC

Join Date: Jun 2006 Posts: 65,638

Quote:

Originally Posted by master3004

Hey cool, who is ready for a trade war?

throw it in with a race war and gender war, and baby, you got a stew going

03-02-2018 , 10:53 AM

#631

pwnsall

CFBBPC

Join Date: Jun 2006 Posts: 65,638

Quote:

Originally Posted by iamnotawerewolf

which leads me to question how much of this protectionism talk is actually based upon measured economics and how much is xenophobic hysteria

it's probably neither

03-02-2018 , 11:10 AM

#632

amplify

Eternal Unknowable Mesmerizing

Join Date: Sep 2005 Posts: 78,255

Quote:

Originally Posted by pwnsall

throw it in with a race war and gender war, and baby, you got a stew going

don't forget cold war/proxy wars

Quote:

Originally Posted by pwnsall

it's probably neither

correct, 100% it's Trump ignorance & foolishness. he doesn't understand the difference between a ledger imbalance and a trade imbalance.

03-02-2018 , 11:26 AM

#633

biggerboat

you're gonna need one

Join Date: Feb 2009 Posts: 48,486

You can stop at "he doesn't understand"

03-02-2018 , 11:27 AM

#634

Luckbox Inc

Carpal \'Tunnel

Join Date: Sep 2008 Posts: 61,116

Is there anyone itt who will take a stand for any form of protectionism or is all protectionism misguided or worse?

(And I mean this separate from whatever specific ramifications this steel tarrif might have)

03-02-2018 , 11:32 AM

#635

pwnsall

CFBBPC

Join Date: Jun 2006 Posts: 65,638

I think there will probably be many, myself amongst them!

Basically my stance is something like if USA#1 thinks protectionism will benefit USA#1 then they are within their rights to do it.

How you get to USA#1 deciding on protectionism and what you mean by benefit is complicated.

I guess I should state I think it's generally bad policy.

03-02-2018 , 11:34 AM

#636

Birdman10687

Not a Troll IRL

Join Date: Aug 2009 Posts: 39,990

Protectionism is not just misguided, it’s regressive

03-02-2018 , 11:34 AM

#637

pwnsall

CFBBPC

Join Date: Jun 2006 Posts: 65,638

On similar grounds I think if USA or any country wants to prevent robots taking over jobs and full automation of everything I think that is within our right.

Both of these are things I would say I've flipped on about 100% in the last 4 years.

03-02-2018 , 11:36 AM

#638

amplify

Eternal Unknowable Mesmerizing

Join Date: Sep 2005 Posts: 78,255

Quote:

Originally Posted by pwnsall

Quote:

Originally Posted by pwnsall

03-02-2018 , 11:39 AM

#639

pwnsall

CFBBPC

Join Date: Jun 2006 Posts: 65,638

Lol, that's great, think i've seen it before

03-02-2018 , 11:41 AM

#640

amplify

Eternal Unknowable Mesmerizing

Join Date: Sep 2005 Posts: 78,255

Quote:

Originally Posted by pwnsall

Lol, that's great, think i've seen it before

the numbers don't lie and they spell d1s4st3r

03-02-2018 , 11:43 AM

#641

soah

Unexpected

Join Date: Jun 2004 Posts: 61,667

Quote:

Originally Posted by Luckbox Inc

You lived for nine months in a country that had a 50% tax on imported electronics. You want to go to bat for that policy?

03-02-2018 , 11:47 AM

#642

Luckbox Inc

Carpal \'Tunnel

Join Date: Sep 2008 Posts: 61,116

Quote:

Originally Posted by soah

You lived for nine months in a country that had a 50% tax on imported electronics. You want to go to bat for that policy?

How does/did this actually effect the electronics market there? The only thing I ever bought was a mouse that was probably like 20 pesos tops. I think it was less.

03-02-2018 , 11:50 AM

#643

pwnsall

CFBBPC

Join Date: Jun 2006 Posts: 65,638

i think it's more interesting to ask if we can use trade power to try to enforce countries to conform to whatever policy we think is correct

birdman would point out cuba possibly or we could even say something like trade agreements where we leverage trade to get rules and policies in place or maybe a country like qatar

03-02-2018 , 11:51 AM

#644

soah

Unexpected

Join Date: Jun 2004 Posts: 61,667

The theory is that it will force companies like Apple to manufacture their products there. The reality is that they don't, and so Argentines get the choice of buying super crappy domestic products, paying a fortune for good products, or just buying electronics while out of the country (and people who buy a lot of fancy gadgets tend to travel abroad a lot, since no part of the country is too far from a border anyway).

03-02-2018 , 11:53 AM

#645

soah

Unexpected

Join Date: Jun 2004 Posts: 61,667

Quote:

Originally Posted by pwnsall

i think it's more interesting to ask if we can use trade power to try to enforce countries to conform to whatever policy we think is correct

we can try, but some clown with orange skin might come along and cancel said trade deal without understanding anything about it

03-02-2018 , 11:55 AM

#646

Luckbox Inc

Carpal \'Tunnel

Join Date: Sep 2008 Posts: 61,116

Beef producers are still subsidized to keep some beef in the country? I don't know if this was ever actually the case but I understood it to be. A hidden tax on beef?

I guess the question here is if subsidies are any different than tarrifs.

Last edited by Luckbox Inc; 03-02-2018 at 12:00 PM.

03-02-2018 , 11:58 AM

#647

soah

Unexpected

Join Date: Jun 2004 Posts: 61,667

I think there was just a limit on how much beef could be exported, which increased the supply domestically and thus kept prices low. Macri did away with most of those restrictions.

03-02-2018 , 11:59 AM

#648

amplify

Eternal Unknowable Mesmerizing

Join Date: Sep 2005 Posts: 78,255

Trump confidant dumped millions in steel-related stock last week

Billionaire investor and longtime Trump confidant Carl Icahn dumped $31.3 million of stock in a company heavily dependent on steel last week, just days before Trump announced plans to impose steep tariffs on steel imports.

03-02-2018 , 12:01 PM

#649

pwnsall

CFBBPC

Join Date: Jun 2006 Posts: 65,638

Ooooooooooo, sexy. That's more than all the Russia stuff if true.

03-02-2018 , 12:26 PM

#650

Luckbox Inc

Carpal \'Tunnel

Join Date: Sep 2008 Posts: 61,116

https://www.zerohedge.com/news/2018-...-happened-next

I thought it was interesting that the last time this happened it was the minority leader Democrat Dick Gephardt saying the tarrifs weren't enough and the gop free traders criticizing the move. That was just 16 years ago.

Admittedly Gephardt was part of a minority of Democrats but he was still the actual minority leader at the time.

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