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Ask Google why there are no Chinese cars in the USA.
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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".
Yes ... you hear those talking points repeated a lot.
But that doesn't mean they are true.
 
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Looks like smartphones and computers scored an exemption (thank you Tim Cook/Apple); wonder if drones can do that same, DJI? 🤣

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…
 
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Well, glad someone blinked. Guess all voters count when it comes to messing with their phones and big screen TVs!😂
...but this could all change next week. There's no strategy or vision here; this only creates more uncertainty.
 
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...but this could all change next week. There's no strategy or vision here; this only creates more uncertainty.
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.

So going back to the regularly scheduled channel… does anyone know of a flight controller that I can use that won’t be banned that I can stuff into a M2P carcass? Just planning ahead in case we’re grounded.
 
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That video didn't mention that the US also imposed 100% tariffs on Chinese EVs and denies a $7,500 consumer EV subsidy to any vehicle with made-in-China components.
 
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…

Phones benefit American companies, Apple and Google. TVs I guess benefit Koreans and Japanese companies.

DJI made in China? Seems pretty unlikely.

Who needs a DJI ban bill, which I think passed the House but not the Senate. The president can just impose triple-digit tariffs and kill it.
 
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.
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.
 
I guess he is fulfilling his unspoken wish which is to try to hurt the people and force them to change their own government. Wonder how many drones are caught up in this mess:

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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
 
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.
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.
 
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.
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 ***.
 
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.
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.
 
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.
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.
So, perhaps by at least leveling the playing field, the US can compete.
Penalising all countries (except Russia strangely doesn't "level the playing field", and the world's richest country doesn't have any problem competing.
 
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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.

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.
 
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.
folks, this is what we are up against. :) so the US national debt is $36T, how much is China's?
 
Well….yes, exactly. We buy too much from China…COMPARED to how much China buys from the US. Why is that?
It doesn't matter.

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.
Someone's fooled you into confusing a trade deficit with a budget deficit - they aren't related.
The idea that any country must buy the same amount from your country as your country sells to them is 100% false.

Agree, disagree? Doesn’t matter. Bottom line…the world’s “richest” government cannot afford to continue subsidizing other countries.
There's another lie (no doubt told to you by the same people that tell you that foreign countries pay the tariffs).
Having a trade deficit with one country doesn't mean your country is subsidising anyone.
Are you subsidising the supermarket when you buy groceries (what a strange word?) from them?
No .. you are engaging in a fair trade.
They have goods available and you have cash.
Both parties get what they want/need and no-one is subsidising anyone.

Any first year economics student understands these very basic principles.
Be very suspicious of anyone telling you otherwise.
 
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