Ask Google why there are no Chinese cars in the USA.
Last edited:
Ask Google why there are no Chinese cars in the USA.
Yes ... you hear those talking points repeated a lot.All of our prior administrations knew for years that our foreign trading partners were taking advantage of us. .. Notice how Trump waived a carrot and encouraged our foreign trading partners to avoid retaliation. .. Over 75 countries have now reached out to "Make a Deal".
Well, glad someone blinked. Guess all voters count when it comes to messing with their phones and big screen TVs!Looks like smartphones and computers scored an exemption (thank you Tim Cook/Apple); wonder if drones can do that same, DJI?
...but this could all change next week. There's no strategy or vision here; this only creates more uncertainty.Well, glad someone blinked. Guess all voters count when it comes to messing with their phones and big screen TVs!![]()
Naw, it’s intentional insider trading. If you had purchased tech stock like Apple just 3-days ago, you’d have seen 20% gains today. They’re messing with all of us and getting richer for it....but this could all change next week. There's no strategy or vision here; this only creates more uncertainty.
Well, glad someone blinked. Guess all voters count when it comes to messing with their phones and big screen TVs!On the other hand, was it a blink? I mean, what did they think would happen to stock prices after instituting high tariffs and then erasing them? Or is that too high of a level of thinking for some people? I think not, it almost seems to have been planned for intentionally influencing and taking advantage of the tech stock market to me
I don’t think drones will benefit for this though- as certain parties want to see Chinese drones and other Chinese infrastructure banned in the US out of “security concerns”. As far as how the US is going on this, we’ll either be purchasing inferior and costly models from other sources, or going back to those days of building DIY drones…
What kind of workers are you referring to and what do you mean by "better treatment?"Factually, China treats its workers much better than the US.
Agreed. I've tried to not be an early adopter on any new technology for some time and I've never felt like I missed out on anything.Hopefully DJI takes the time (6 months) to make sure the bugs are fixed, the features are solid, and maybe even add something new. And also maybe figure out how to get DJI drones into the US safely.
Re anger at previous administrations…….Because it worked. Because it did not lead to economic chaos, because it didn’t trigger massive retaliatory tariffs, because it did not massively devalue retirement accounts overnight.
I could go on, but I’m not an economist either.
[/QUOTE B
Because it worked….hahaha. Oh it worked ok. China has risen from the dirt and the US is saddled with 30,000,000,000,000 in debt.Re anger at previous administrations…….Because it worked. Because it did not lead to economic chaos, because it didn’t trigger massive retaliatory tariffs, because it did not massively devalue retirement accounts overnight.
I could go on, but I’m not an economist either.
The system worked. Too funny! How much longer do you think “the system” would have kept working with trillions being added to our debt every, single year? Likely with a dozen years the US would have been on the balls of its ***.Bullsxxt….many of us DID the hard work to attain what we have. I’d much prefer to pay taxes which are kept in our own coffers than to cause a massive disruption to world trade and our personal finances. Say what you want, the system worked before someone decided to make it his 3rd grade science project.
What you failed to recognize is that CHINA has had high tariffs on many goods from the US, making them too expensive to be purchased, for decades. They’ve been able to sell their goods here. And CHINA has also imposed outlandish barriers to our goods (other than financials). THAT is how we are on the short end of a $300 BILLION TRADE DEFICIT. So, perhaps by at least leveling the playing field, the US can compete.This is not how tariffs work. Tariffs are regressive taxes placed on the citizens of the country doing the importing, by the country doing the importing.
Using China as an example, we don't pay them dime and they don't pay us a dime. We have no way of collecting taxes from each other. We do have ways to collect taxes from our respective citizens, however.
Bob's Tractor Emporium in Bismarck is importing tractors from China and selling them to American farmers.
Let's place a 20% tariff on tractors from China.
Bob now has to pay a 20% tax to the US government on every tractor he imports. The Chinese exporter pays nothing. Now the tractors Bob previously bought wholesale for $10,000 cost him $12,000. Same $10,000 to the Chinese wholesaler, but now an extra $2,000 to the US government.
Bob does not have enough margin to absorb an extra $2,000 per tractor. So he increases his selling price to the American farmer. Now the tractor the farmer was previously buying from Bob for $14,000 costs up to $16,000. Maybe more if Bob is greedy and decides to take advantage of the situation.
That is correct and I agree with you 100%Yes ... you hear those talking points repeated a lot.
But that doesn't mean they are true.
No .. how you get a trade deficit is by buying much more than you sell, just like you have a large trade deficit with your supermarket.CHINA has also imposed outlandish barriers to our goods (other than financials). THAT is how we are on the short end of a $300 BILLION TRADE DEFICIT.
Penalising all countries (except Russia strangely doesn't "level the playing field", and the world's richest country doesn't have any problem competing.So, perhaps by at least leveling the playing field, the US can compete.
No .. how you get a trade deficit is by buying much more than you sell, just like you have a large trade deficit with your supermarket.
That a trade deficit matters is a total myth being pushed by the same people that tell you that foreign countries pay tarrifs to your government.
Penalising all countries (except Russia
strangely doesn't "level the playing field", and the world's richest country doesn't have any problem competing.
folks, this is what we are up against.Well….yes, exactly. We buy too much from China…COMPARED to how much China buys from the US. Why is that? Partly because of how cheaply priced many items are from China ( I won’t get into the manner in which they subsidize their industry, child labor, prison labor, lax/non existent environmental practices etc etc etc. ) Conversely, due to the exceptionally high “tax” placed on American goods, our goods become too expensive for the Chinese market, which causes our exports to China to be so much less than we import from China.
Although the statement is true… “you get a trade deficit by buying much more than you sell”…it’s a simplistic explanation and is completely ignorant of the underlying reasons.
I don’t like the prospect of higher prices either. But the free lunch ended decades ago. And the tab shows a bill of $36T, a great amount of which is due to imbalanced trade.
Agree, disagree? Doesn’t matter. Bottom line…the world’s “richest” government cannot afford to continue subsidizing other countries.
It doesn't matter.Well….yes, exactly. We buy too much from China…COMPARED to how much China buys from the US. Why is that?
Someone's fooled you into confusing a trade deficit with a budget deficit - they aren't related.I don’t like the prospect of higher prices either. But the free lunch ended decades ago. And the tab shows a bill of $36T, a great amount of which is due to imbalanced trade.
There's another lie (no doubt told to you by the same people that tell you that foreign countries pay the tariffs).Agree, disagree? Doesn’t matter. Bottom line…the world’s “richest” government cannot afford to continue subsidizing other countries.
We use essential cookies to make this site work, and optional cookies to enhance your experience.