for one thing I think you need to look a little closer to "home" if you really think it is "china" that is having a "destructive impact"!! whatever you mean by "destructive" (the loss of US manufacturing??). maybe you should consider the thousands and thousands of feet of regulations, tort, bureaucracy, poor work ethic, unions, etc. and etc. which are all 100% home-grown and exerting a ton more impact than anyone else to why foreign goods and manufacturing is sought out in the market.
by that i mean while i agree with you that all of those are a major issue, so is china...
they've been manipulating their currency and strip mining our IP for decades, i support stopping everything you said
and stopping china from doing shady shit. i don't see why we should have to pick one over the other.
stop all of it.
Corporate share holders and owners want to earn more by buying or manufacturing overseas even if they only save pennies on an item (home grown again)...the same kind of argument is made by folks that want to use the coercion (violence) of political organizations to stop large US companies from moving into their local towns because they know the current local vendors wouldn't compete without sizable decreases in prices or having to offer an increase in service to customers. Like these tariffs, what average Americans are “protected” from is LOWER PRICES or the unraveling of the destructive nature of the things I mentioned previously.
tariffs are not a good long term strategy, but they are very effective in the short term. since this "trade war" started their currency has hit an all time low, three of chinas largest banks have failed, and there's an estimated billion dollars of capital per day leaving hong kong...
Xi just called for a "calm resolution to the trade war"
...and that's not because they are winning
again, i hate taxes... i think taxes are theft... however when a country is engaged in economic warfare with us i don't see how imposing a penalty for attacking us is a bad thing. we can buy stuff from other countries.
frankly anything coming out of china that is available from other sources should be taxed until they stop their games and bullshit.
i don't see a problem with that because it still gives you the option to get it from other sources.
Just consider modern automobiles with all the Gov. BS they require to be put into a vehicle to be "legal" and figure why they cost so much (total intervention into market demands and government coercion leading to huge price increases that would not exist if people had the choice whether they want to pay extra for back up cameras, CAFE standards, etc. and etc.). If anything we know that china is now becoming more and more modernized and their manufactured goods which used to be crudely manufactured and low quality are advancing at faster pace with technological advances which are global wide and much easier to accomplish in the modern information age....they are satisfying more people and becoming real competition due to what products they actually make becoming higher quality and serious competition now.
The only reason china is advancing so fast is because they grenaded their currency to keep their labor costs low and their prices ultra competitive on the global market.
it's easy to sell stuff cheap when you treat people like garbage... where would you rather work... the USA or china?
there's a reason foxcon put up nets around the buildings
how is the federal government being literal "pirates" and confiscating wealth at gun point into their coffers for doing almost nothing of any value at all being a "weapon" other than a weapon for fascist control and destruction of liberty and freedom and protection of higher prices and the entire system entrenched in protectionist regulations to squash competitors to the 1% on their interests? High tariff rates allow protected industries to "rip off" their American customers while other non protected industries expand, innovate, and drop their prices. This is always and everywhere the fundamental effect of “economic nationalism”: the politically connected benefit at the expense of their fellow citizens. (economic fascism).
fascism?
people keep using that word... i don't think it means what you think it means.
fascism is people in the streets dressed in all black (ninja LARPing) beating people with bike locks for wearing a red hat.
i'm a proud nationalist, i think we should always do whats best for america, american jobs, and by proxy the american people.
doing whats best for our country and it's people isn't a bad thing, doing nothing to stop a country from taking advantage of us is.
Protecting politically-connected corporations from international competition is the surest way to make them fat and lazy, as the steel and automobile industries demonstrated in the post-World War II era. It was only after Japanese, German, and other manufacturers cleaned their clocks, so to speak, that they were finally motivated to innovate.
how can you make capitalist arguments while defending state sponsored competition?
china companies can keep operating at a loss, while being propped up by the chinese government, so long as it helps them steal business from their economic rivals.
lets say you and i are selling gas on opposite street corners... you have to pay market price for your gas, i get my gas free from the government... who do you think can sell gas cheaper?
sure that works out great for my customers, but it destroys your business simply for playing fair against a cheater.
you and all your employees just lost their jobs, and now i can charge whatever i want for gas
if you want to "fight back" and don't want to "take it" then don't buy chinese products but don't start preaching that everyone else has to be robbed at gun point to exercise their own choices if they would rather retain more of their wealth to invest in other things in life.
when you destroy the economy just so you can buy cheap electronics, more people wind up on social programs... meaning more of your tax dollars are STOLEN from you to pay for it.
so you loose one option on what country to buy things from, but we keep jobs... or you have one more option and everyone looses their jobs...
i'll take option 1, you're free to advocate for option 2 on the next election.
markets.businessinsider.com
