US-China: the hardcore is yet to come

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neverfail
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US-China: the hardcore is yet to come

Post by neverfail » Sat May 11, 2019 11:21 pm

https://www.asiatimes.com/2019/05/artic ... t-to-come/

The Trump administration’s response to China’s emergence has been to throw all sorts of spanners in the works, but tariffs won’t bring back manufacturing jobs.

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Sertorio
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Re: US-China: the hardcore is yet to come

Post by Sertorio » Sun May 12, 2019 2:48 am

neverfail wrote:
Sat May 11, 2019 11:21 pm
https://www.asiatimes.com/2019/05/artic ... t-to-come/

The Trump administration’s response to China’s emergence has been to throw all sorts of spanners in the works, but tariffs won’t bring back manufacturing jobs.
They may, but at a cost higher than Americans may be willing to pay.

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Doc
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Re: US-China: the hardcore is yet to come

Post by Doc » Sun May 12, 2019 12:37 pm

neverfail wrote:
Sat May 11, 2019 11:21 pm
https://www.asiatimes.com/2019/05/artic ... t-to-come/

The Trump administration’s response to China’s emergence has been to throw all sorts of spanners in the works, but tariffs won’t bring back manufacturing jobs.
They bring back manufacturing jobs. The question is how many will they bring back. Between 2000 and 2017 50,000 US factories were shipped to China. Large corporations were making 90% profits on products shipped from China to the US. This has caused great division in the US between rich cities like LA and NYC that are making huge profits from that trade VS the parts of the US that have been hollowed out of jobs shipped to China. In fact if you only took LA and NYC out of the 2016 election Hillary would have lost the popular vote by 3,000,000 voters. a 6 million vote change in the outcome.
“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

neverfail
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Re: US-China: the hardcore is yet to come

Post by neverfail » Sun May 12, 2019 4:26 pm

Doc wrote:
Sun May 12, 2019 12:37 pm
neverfail wrote:
Sat May 11, 2019 11:21 pm
https://www.asiatimes.com/2019/05/artic ... t-to-come/

The Trump administration’s response to China’s emergence has been to throw all sorts of spanners in the works, but tariffs won’t bring back manufacturing jobs.
They bring back manufacturing jobs. The question is how many will they bring back. Between 2000 and 2017 50,000 US factories were shipped to China. Large corporations were making 90% profits on products shipped from China to the US. This has caused great division in the US between rich cities like LA and NYC that are making huge profits from that trade VS the parts of the US that have been hollowed out of jobs shipped to China. In fact if you only took LA and NYC out of the 2016 election Hillary would have lost the popular vote by 3,000,000 voters. a 6 million vote change in the outcome.
Yet despite that loss of manufacturing jobs to China (and elsewhere) I believe that the unemployment rate is statistically at an historic low in your country Doc. Do you see a contradiction here?

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Doc
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Re: US-China: the hardcore is yet to come

Post by Doc » Sun May 12, 2019 6:21 pm

neverfail wrote:
Sun May 12, 2019 4:26 pm
Doc wrote:
Sun May 12, 2019 12:37 pm
neverfail wrote:
Sat May 11, 2019 11:21 pm
https://www.asiatimes.com/2019/05/artic ... t-to-come/

The Trump administration’s response to China’s emergence has been to throw all sorts of spanners in the works, but tariffs won’t bring back manufacturing jobs.
They bring back manufacturing jobs. The question is how many will they bring back. Between 2000 and 2017 50,000 US factories were shipped to China. Large corporations were making 90% profits on products shipped from China to the US. This has caused great division in the US between rich cities like LA and NYC that are making huge profits from that trade VS the parts of the US that have been hollowed out of jobs shipped to China. In fact if you only took LA and NYC out of the 2016 election Hillary would have lost the popular vote by 3,000,000 voters. a 6 million vote change in the outcome.
Yet despite that loss of manufacturing jobs to China (and elsewhere) I believe that the unemployment rate is statistically at an historic low in your country Doc. Do you see a contradiction here?
Since Trump came into office. Previous to that there were new jobs but largely part time jobs to avoid paying for ObamaDontCare. But the truth is still that wealthy people and localities have made huge fortunes VIA trade with China and that is why the hypocrites are against Trump.
“"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros

Mr. Perfect
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Re: US-China: the hardcore is yet to come

Post by Mr. Perfect » Sun May 12, 2019 7:45 pm

neverfail wrote:
Sat May 11, 2019 11:21 pm
https://www.asiatimes.com/2019/05/artic ... t-to-come/

The Trump administration’s response to China’s emergence has been to throw all sorts of spanners in the works, but tariffs won’t bring back manufacturing jobs.
Tariffs have worked for the Chinese, they will work for us.

neverfail
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Re: US-China: the hardcore is yet to come

Post by neverfail » Mon May 13, 2019 7:03 pm

Mr. Perfect wrote:
Sun May 12, 2019 7:45 pm
Tariffs have worked for the Chinese, they will work for us.
Do not be so sure of that. In the past tariffs only worked to keep my country poorer and more backward than it deserved to be. We got rid of them and have not looked back since.

Mr. Perfect
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Re: US-China: the hardcore is yet to come

Post by Mr. Perfect » Mon May 13, 2019 9:09 pm

neverfail wrote:
Mon May 13, 2019 7:03 pm

Do not be so sure of that. In the past tariffs only worked to keep my country poorer and more backward than it deserved to be. We got rid of them and have not looked back since.
The Chinese use tariffs and we didn't, and China ended up with all the manufacturing business. Australia has never been a model anyone has copied.

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Sertorio
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Re: US-China: the hardcore is yet to come

Post by Sertorio » Tue May 14, 2019 3:37 am

Mr. Perfect wrote:
Sun May 12, 2019 7:45 pm
neverfail wrote:
Sat May 11, 2019 11:21 pm
https://www.asiatimes.com/2019/05/artic ... t-to-come/

The Trump administration’s response to China’s emergence has been to throw all sorts of spanners in the works, but tariffs won’t bring back manufacturing jobs.
Tariffs have worked for the Chinese, they will work for us.
Some tariffs may work, for some time, for not so developed countries. For the US to use them is a sign of economic incompetence. And tariffs never help overcoming incompetence...

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Sertorio
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Re: US-China: the hardcore is yet to come

Post by Sertorio » Tue May 14, 2019 4:17 am

Those who think Trump has done marvellous things for the US economy should read the following David Goldman's article:
Washington plays Monopoly, Beijing plays Go
China’s emerging high-tech giants don’t rely on the US market, creating an opening to undermine American leadership in key industries

https://www.asiatimes.com/2019/05/artic ... -plays-go/

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