Trumpenomics
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@Renauda said in Trumpenomics:
I think trade barriers are also going to be thrown into the mix.
Like what? Name some.
You start…
I’m sure we can make up some of the same ones they will pretend are real. VATs, over production and subsidization of their domestic manufacturers that are competitive with primary American exports. Low wage standards. The one that keeps getting talked about by some of the more respectable officials that I honestly don’t know much about and would appreciate more insight on is currency manipulation. That is something I would be curious to hear about.
The one that keeps getting talked about by some of the more respectable officials that I honestly don’t know much about and would appreciate more insight on is currency manipulation. That is something I would be curious to hear about.
As would I. I think it only refers to countries like China, Russia, India and a few others that circulate what is essentially inconvertible currencies. Openly traded currencies like the dollar, Euro and British Pound are governed by their central banks and cannot be manipulated by their host states.
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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!
