What ARE the unfair trade practices Trump is bitching about endlessly?
But in all of his bitching, he never really says specifically what is unfair. So what the fuck is he bitching about? I want answer from people with at least a minor in economics or equivalent business acumen (read Wall Street Journal more than once a week). I don't want any motherfucking guesses.
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If I can pay employees $3.50 a day to make a widget, but you have to pay $13.00 an hour, who can sell their widgets for less?ApostleofGrief said:It looks to me that US businesses have historically been parking their money in Europe to avoid taxes...
But in all of his bitching, he never really says specifically what is unfair. So what the fuck is he bitching about? I want answer from people with at least a minor in economics or equivalent business acumen (read Wall Street Journal more than once a week). I don't want any motherfucking guesses. -
I’ve been in economics for a combined 30 years (importing and exporting). Think of it like this. Basically China doesn’t take back all the cheap shit they make that customers of Costco and Walmart return to the stores because it’s all cheap unarmenian made shit.
My plan would be to build a wall using a mixture of opioid addicts and discounted returned products from American retail centers. -
I don't think it's the cost of labor Trump is bitching about. It's intellectual property (IP) appropriation. I copied this summary below. So the focus of Trump's complaints is that he thinks they are stealing our* technology and trying to position themselves as the dominant country that way.UWerentThereMan said:I’ve been in economics for a combined 30 years (importing and exporting). Think of it like this. Basically China doesn’t take back all the cheap shit they make that customers of Costco and Walmart return to the stores because it’s all cheap unarmenian made shit.
My plan would be to build a wall using a mixture of opioid addicts and discounted returned products from American retail centers.
China uses foreign ownership restrictions, including joint venture requirements, equity limitations, and other investment restrictions, to require or pressure technology transfer from U.S. companies to Chinese entities. China also uses administrative review and licensing procedures to require or pressure technology transfer, which, inter alia, undermines the value of U.S. investments and technology and weakens the global competitiveness of U.S. firms.
China imposes substantial restrictions on, and intervenes in, U.S. firms’ investments and activities, including through restrictions on technology licensing terms. These restrictions deprive U.S. technology owners of the ability to bargain and set market-based terms for technology transfer. As a result, U.S. companies seeking to license technologies must do so on terms that unfairly favor Chinese recipients.
China directs and facilitates the systematic investment in, and acquisition of, U.S. companies and assets by Chinese companies to obtain cutting-edge technologies and intellectual property and to generate large-scale technology transfer in industries deemed important by Chinese government industrial plans.
China conducts and supports unauthorized intrusions into, and theft from, the computer networks of U.S. companies. These actions provide the Chinese government with unauthorized access to intellectual property, trade secrets, or confidential business information, including technical data, negotiating positions, and sensitive and proprietary internal business communications, and they also support China’s strategic development goals, including its science and technology advancement, military modernization, and economic development. -
Well, true for China. But he is making the same bitching complaint at the G7 which doesn't include China. If anything American labor is cheaper than Europe.greenblood said:
If I can pay employees $3.50 a day to make a widget, but you have to pay $13.00 an hour, who can sell their widgets for less?ApostleofGrief said:It looks to me that US businesses have historically been parking their money in Europe to avoid taxes...
But in all of his bitching, he never really says specifically what is unfair. So what the fuck is he bitching about? I want answer from people with at least a minor in economics or equivalent business acumen (read Wall Street Journal more than once a week). I don't want any motherfucking guesses. -
OK, I spent about an hour studying this issue, and it looks like, as usual, Trump is distorting the situation. With China he is mostly bitching about their attempts to steal our intellectual property by various means and positions themselves as a dominant tech power. When he is bitching about the yuuge deficit, he isn't including SERVICES. If you include services then it's not such an imbalance. But, since Trump knows he needs the Rust Belt vote, he is pandering to those voters and just including OBJECTS manufactured, but not services, to distort the issue... with Europe, he stupidly is including locally applied European taxes like VAT, claiming VAT overprices our products. But I think a buyer pays the same VAT for a local product, so while our products may appear overpriced, in fact they are competitive locally. The actual, present tariffs (until lately at least) are essentially the same between the US and the EU for the vast majority of cases. Trump, as usual, is distorting the situation making it looks like a few exceptions are the rule.
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troomps can’t compete so they must protect their dieing industries with tariffs. Scapegoating foreigners, even our closest allies, is the preferred trump alternative to having competitive skills and producing high value products. Winners win. Troomps bitch, moan and impose tariffs.
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Winners win is the laziest comment perpetuated on this bored. Win and you are a winner. Gee, no kidding.CirrhosisDawg said:troomps can’t compete so they must protect their dieing industries with tariffs. Scapegoating foreigners, even our closest allies, is the preferred trump alternative to having competitive skills and producing high value products. Winners win. Troomps bitch, moan and impose tariffs.
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Mexican labor is much cheaper, which affects naftaApostleofGrief said:
Well, true for China. But he is making the same bitching complaint at the G7 which doesn't include China. If anything American labor is cheaper than Europe.greenblood said:
If I can pay employees $3.50 a day to make a widget, but you have to pay $13.00 an hour, who can sell their widgets for less?ApostleofGrief said:It looks to me that US businesses have historically been parking their money in Europe to avoid taxes...
But in all of his bitching, he never really says specifically what is unfair. So what the fuck is he bitching about? I want answer from people with at least a minor in economics or equivalent business acumen (read Wall Street Journal more than once a week). I don't want any motherfucking guesses. -
I’m sorry a Mexican stole your job.greenblood said:
Mexican labor is much cheaper, which affects naftaApostleofGrief said:
Well, true for China. But he is making the same bitching complaint at the G7 which doesn't include China. If anything American labor is cheaper than Europe.greenblood said:
If I can pay employees $3.50 a day to make a widget, but you have to pay $13.00 an hour, who can sell their widgets for less?ApostleofGrief said:It looks to me that US businesses have historically been parking their money in Europe to avoid taxes...
But in all of his bitching, he never really says specifically what is unfair. So what the fuck is he bitching about? I want answer from people with at least a minor in economics or equivalent business acumen (read Wall Street Journal more than once a week). I don't want any motherfucking guesses. -
Mexico not a G7 member.greenblood said:
Mexican labor is much cheaper, which affects naftaApostleofGrief said:
Well, true for China. But he is making the same bitching complaint at the G7 which doesn't include China. If anything American labor is cheaper than Europe.greenblood said:
If I can pay employees $3.50 a day to make a widget, but you have to pay $13.00 an hour, who can sell their widgets for less?ApostleofGrief said:It looks to me that US businesses have historically been parking their money in Europe to avoid taxes...
But in all of his bitching, he never really says specifically what is unfair. So what the fuck is he bitching about? I want answer from people with at least a minor in economics or equivalent business acumen (read Wall Street Journal more than once a week). I don't want any motherfucking guesses.
