Trumpenomics
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Trump's non-tariff trade barriers, posted today:
NON-TARIFF CHEATING:
- Currency Manipulation
- VATs which act as tariffs and export subsidies
- Dumping Below Cost
- Export Subsidies and Other Govt. Subsidies
- Protective Agricultural Standards (e.g., no genetically engineered corn in EU)
- Protective Technical Standards (Japan’s bowling ball test)
- Counterfeiting, Piracy, and IP Theft (Over $1 trillion a year)
- Transshipping to EVADE Tariffs!!!
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#7 is the only legitimate one listed.
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Actually #3 is legit as well. No country finds dumping acceptable. But it can be dealt with easily through the WTO process.
At a glance the rest are nonsense. Especially subsidies to the agriculture sector. The US is one of the top subsidisers of agri products..
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Actually #3 is legit as well. No country finds dumping acceptable. But it can be dealt with easily through the WTO process.
At a glance the rest are nonsense. Especially subsidies to the agriculture sector. The US is one of the top subsidisers of agri products..
@Renauda said in Trumpenomics:
Actually #3 is legit as well. No country finds dumping acceptable. But it can be dealt with easily through the WTO process.
At a glance the rest are nonsense. Especially subsidies to the agriculture sector. The US is one of the top subsidisers of agri products..
Fair enough.
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A completed, air-worthy Boeing 737 MAX that was already in China got returned to the USA -- because Xiamen Airlines, the supposed recipient of that airplane, cannot afford the tariffs and thus cannot take delivery.
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The semi-coherent ranting is certainly going to do wonders for market confidence.
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Rebuilding wealth, by intentionally destroying trade relationships which were creating wealth for every American with any economic skin in the game.
@realDonaldTrump
Since our announcement of LIBERATION DAY, many World Leaders and Business Executives have come to me asking for relief from Tariffs. It’s good to see that the World knows we are serious, because WE ARE! They must right the wrongs of decades of abuse, but it won’t be easy for them. We must rebuild the Wealth of our Great Country, and create true RECIPROCITY. But for those who want the easiest path: Come to America, and build in America!
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Doubly frustrating considering that the world economy was headed in the right direction. World stock markets were trending up, and the US usually beats them.
So, we're down when we should have been up.
Even more frustrating - it'll take months for this to really percolate through to "Main Street", at which point it might take even more months to unwind it.
