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The New Round of Tariffs with China

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  • The New Round of Tariffs with China

    It appears that nothing good can come from this and American farmers are being damaged by the tariffs:

    https://www.cnn.com/politics/live-ne...019/index.html

    https://www.msn.com/en-us/money/mark...cid=spartandhp


    We are not now that strength which in old days
    Moved earth and heaven; that which we are we are; One equal temper of heroic hearts
    Made weak by time and fate but strong in will
    To strive to seek to find and not to yield.

  • #2
    Originally posted by Massena View Post
    It appears that nothing good can come from this and American farmers are being damaged by the tariffs:

    https://www.cnn.com/politics/live-ne...019/index.html

    https://www.msn.com/en-us/money/mark...cid=spartandhp

    ​​​​

    While I will definitely say that Trump started too many trade wars at once, wailing about how all is lost because, shocker, there's mutual pain involved is a bit silly.

    Yeah, it's going to hurt. News flash to no one. But it needs to happen. China needs to be yanked back into honesty. And farmers have actually shown a willingness to bear the pain.

    https://www.google.com/amp/s/www.nbc...amp/ncna886941

    A new life awaits you in the off world colonies; the chance to begin again in a golden land of opportunity and adventure!

    Comment


    • #3
      No one said or intimated that 'all is lost.' What is being demonstrated is that tariffs don't help the US.
      We are not now that strength which in old days
      Moved earth and heaven; that which we are we are; One equal temper of heroic hearts
      Made weak by time and fate but strong in will
      To strive to seek to find and not to yield.

      Comment


      • #4
        Originally posted by Massena View Post
        No one said or intimated that 'all is lost.' What is being demonstrated is that tariffs don't help the US.
        That's another news flash to no one. Tariffs aren't designed to help us. They're designed to hurt foreign economies. Which they do. What helps us is when said countries come to the negotiating table. It's the deal that comes later which helps us.

        This is all about long term thinking. There's a lot of systems in life that invoke present day pain or discomfort but pay dividends over time. When you judge everything in terms of immediate results you miss out on things that require work.

        Letting China get away with intellectual theft and other shady practices in exchange for economic peace will make us comfortable now but they have plans to control world commerce and other Asian countries will be happy to tell you how much of an @$$hole China is to people it can push around. Punishing their bad behavior and enduring their retaliation now will hurt and there's no way around it. But it prevents more pain later on. Right now we can hurt them more than they can hurt us. It won't pay to let that ratio shift in their favor.
        A new life awaits you in the off world colonies; the chance to begin again in a golden land of opportunity and adventure!

        Comment


        • #5
          Where is China going to buy food from? That's mainly what we sell them. So they've got the choice of either starving their populace or paying extra for it. Truth is we have them over a barrel not the other way.

          But since the OP was msn their pov is utter bullpucky. Of course its a bad thing because Trump is the one doing it. Also standing up to china is too manly for those effeminate soy boys...
          Credo quia absurdum.


          Quantum mechanics describes nature as absurd from the point of view of common sense. And yet it fully agrees with experiment. So I hope you can accept nature as She is - absurd! - Richard Feynman

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          • #6
            Last year's crop of soy beans is rotting away in storage because of the tariffs.
            We are not now that strength which in old days
            Moved earth and heaven; that which we are we are; One equal temper of heroic hearts
            Made weak by time and fate but strong in will
            To strive to seek to find and not to yield.

            Comment


            • #7
              The OP would have cheered Chamberlain.

              The big tech giants and multiculturalism national news organizations are of course not going to be telling the truth.
              We hunt the hunters

              Comment


              • #8
                Originally posted by Massena View Post
                Last year's crop of soy beans is rotting away in storage because of the tariffs.
                Dried soybeans can be stored for years. They aren't rotting.
                A new life awaits you in the off world colonies; the chance to begin again in a golden land of opportunity and adventure!

                Comment


                • #9
                  Originally posted by Massena View Post
                  Last year's crop of soy beans is rotting away in storage because of the tariffs.
                  Maybe they should try selling it instead of storing it, hoping for the bigger payoff. They are taking a gamble that the tariff war will be a short one.



                  Caught smack in the middle of the U.S.-China trade war, America’s soybean farmers are taking a huge gamble.

                  Rather than selling the crop right away as they pull it out of the ground -- as they do almost every harvest season to pay the bills -- they are instead stashing it in silos, containers, bins, bags, whatever they can get their hands on to keep it safe and dry.

                  The hope is that over the next few months, trade tensions will ease, and China, the top market for the oilseed, will start buying from American farmers again, lifting depressed prices in the process. A bushel of soybeans fetched just $8.87 on Friday. Eight months ago, before trade tensions led to tariffs, it was about $2 more.

                  https://www.bloomberg.com/news/artic...sell-their-soy
                  "Stand for the flag ~ Kneel for the fallen"

                  "A wise man can learn more from a foolish question than a fool can learn from a wise answer." ~ Bruce Lee

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                  • #10
                    The trade war IS hurting us.

                    https://www.forbes.com/sites/kenrapo.../#183c652613df

                    But it's shredding China. If we can keep discipline, it will grind them down. The great irony of all this is that griping endlessly about it is a great way to prolong the agony.

                    If we all left and right gave China a big F U they'd probably be at the bargaining table today if not earlier. But the squealing media and their vociferous viewers do a really great job of helping China think that if they just hold out for a few years, Trump will be out and they can bargain with a weakling who will simper before them.

                    Panicking and shrieking gives the enemy hope. So don't panic and shriek. Turn that energy toward helping your local farmers. Because if China sees a united front that's when they know they're cooked and they damn well better deal.
                    A new life awaits you in the off world colonies; the chance to begin again in a golden land of opportunity and adventure!

                    Comment


                    • #11
                      The tariffs are a bad thing only if you are on China's side.
                      Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

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                      • #12
                        Originally posted by Arnold J Rimmer View Post
                        The tariffs are a bad thing only if you are on China's side.
                        Really? How do you explain the problems that US farmers are now having because of the tariffs? Tariffs are an outmoded, 19th century economic 'tool' that are sadly out of date.
                        We are not now that strength which in old days
                        Moved earth and heaven; that which we are we are; One equal temper of heroic hearts
                        Made weak by time and fate but strong in will
                        To strive to seek to find and not to yield.

                        Comment


                        • #13
                          Originally posted by Persephone View Post

                          Maybe they should try selling it instead of storing it, hoping for the bigger payoff. They are taking a gamble that the tariff war will be a short one.


                          Hmmmm_ok- having worked in the grain industry in my teens, what you are seeing, Persephone, is a breakdown in the futures markets for soybeans,

                          In theory, the grain futures markets should be " intelligently absorbing farm risk". When they fail, such as the Winnipeg Grain Exchange in the I920's , farmers attempt to compensate by speculative hoarding..
                          Or Co- operative marketing on the producer levels, - or national wheat boards.

                          The trout who swims against the current gets the most oxygen..

                          Comment


                          • #14
                            Originally posted by Bwaha View Post
                            Where is China going to buy food from? That's mainly what we sell them. So they've got the choice of either starving their populace or paying extra for it. Truth is we have them over a barrel not the other way.

                            But since the OP was msn their pov is utter bullpucky. Of course its a bad thing because Trump is the one doing it. Also standing up to china is too manly for those effeminate soy boys...

                            Comment


                            • #15
                              There is the rest of the world you know or dont you realize there is more to the world than the US......Canada, South America, Europe sell food to China but I guess if it dosnt have a US flag on it, it dosnt count.

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