Armagedon

[jimmy]

Trump's incompetence is leading to a global meltdown . Trade wars and real wars .

Your watching to much fake news go outside and enjoy the fresh air.

[Braveheart]

Your watching to much fake news go outside and enjoy the fresh air.

Today Trump said the Chinese are paying the tariffs. 2 sentences later he said if importers don't want to pay the tariffs they should buy goods from other than China. Which is it? We know importers pay the tariffs which means US consumers.

He's nuts. Just cause you think he's right wing doesn't make him right.

[the big wheel]

Today Trump said the Chinese are paying the tariffs. 2 sentences later he said if importers don't want to pay the tariffs they should buy goods from other than China. Which is it? We know importers pay the tariffs which means US consumers.

He's nuts. Just cause you think he's right wing doesn't make him right.

Yes just like the big steel tariffs on China turned out they couldn’t even figure out how to charge China so they charged us lol yet trump was saying how China steel tariffs paying big?? I know the manufactures in the USA are the ones paying big and then guess who payed them big?

[jazz]

You guys should stick to farming because macro economics is not your strong suit.

Let me provide some perspective.

Imports to US from china comprise a meager 2.7% of US GDP. US exports to china comprise 0.9% of US GDP. China simply doesn’t factor in. On the other hand, a full 20% of chinas GDP is based on exports to the US. They are dependent on rich young consumers for their throw away junk. And the US is the only market on the planet that can absorb that consumption.
Now lets talk tariffs. Tariffs are just like a carbon tax. Make a product more expensive so people look for alternatives. Changes behavior. Other countries will then start to fill the gap with cheaper non tariffed goods. And if tariffs get high enough, someone in the US will start making the product locally again. The tariffs aren’t targeting Chinese companies, they are targeting US companies who sold their soul and moved production overseas to sell back home. Like Apple, Nike etc. This is their warning shot. Either repatriate back home or be shut out of their home market.

China can go pound sand and build their colonial network through 3rd world countries. Good luck with that. They can cancel Boeing orders. Good luck with that too. They have no ammo. The trade ratio is 6:1. Do your worst Xi. lets see how a little old fashioned western style recession sits with your dictatorship.

[farmaholic]

Jazz...does anyone who farms have a handle on economics? LMFAO. In this thread guys are talking stupid land prices. Rhetoric? There are some special circumstances that might make those prices make sense....but they don't exist on my farm!

[the big wheel]

You guys should stick to farming because macro economics is not your strong suit.

Let me provide some perspective.

Imports to US from china comprise a meager 2.7% of US GDP. US exports to china comprise 0.9% of US GDP. China simply doesn’t factor in. On the other hand, a full 20% of chinas GDP is based on exports to the US. They are dependent on rich young consumers for their throw away junk. And the US is the only market on the planet that can absorb that consumption.
Now lets talk tariffs. Tariffs are just like a carbon tax. Make a product more expensive so people look for alternatives. Changes behavior. Other countries will then start to fill the gap with cheaper non tariffed goods. And if tariffs get high enough, someone in the US will start making the product locally again. The tariffs aren’t targeting Chinese companies, they are targeting US companies who sold their soul and moved production overseas to sell back home. Like Apple, Nike etc. This is their warning shot. Either repatriate back home or be shut out of their home market.

China can go pound sand and build their colonial network through 3rd world countries. Good luck with that. They can cancel Boeing orders. Good luck with that too. They have no ammo. The trade ratio is 6:1. Do your worst Xi. lets see how a little old fashioned western style recession sits with your dictatorship.

So that’s why the Dow dropped on speculation of trade tariffs? If it wasn’t a factor it wouldn’t be an issue for the us markets. But it is.
How many American companies outsource work to China? Those aren’t just Chinese companies involved with the tariffs.

[Braveheart]

We all lose. Trump signalling subsidies to affected farmers. Market signals are no more.

The Chinese will never surrender. It's that dignity thing. They won't lose face. This will be Trumo's Vietnam.

[15444]

How many American companies outsource work to China? Those aren’t just Chinese companies involved with the tariffs.

Jazz just said that. **** you socialists are slow on the uptake. This is to largely to penalize the sins of American companies who sourced labor overseas. Make their stocks drop like a rock until they either sink or come back to the US. You are either with America or against it.

This isn't new information. Did all the Commies in North America just wake up? Trump told everyone from the start, USA will come first before all others! Bring jobs back to America or pay the price! No more handouts! It was stupid Canada and Mexico that thought they could join for the ride - ****ing morons. You are not America, you are their welfare ****ty sister who let's anyone have a piece. Neither country could keep their mouths shut when making personal comments about Trump, so now they pay the price. And we still have 5 more years to go until Ivanka is President because I doubt the Democrats will be able to keep the Unions and Ultra Socialist Left from fighting with each other before then.

[sumdumguy]

Today Trump said the Chinese are paying the tariffs. 2 sentences later he said if importers don't want to pay the tariffs they should buy goods from other than China. Which is it? We know importers pay the tariffs which means US consumers.

He's nuts. Just cause you think he's right wing doesn't make him right.

The prices will come down to remain competitive but retail will increase prices and enjoy a sweet margin. JMHO

[jazz]

So that’s why the Dow dropped on speculation of trade tariffs? If it wasn’t a factor it wouldn’t be an issue for the us markets. But it is.
How many American companies outsource work to China? Those aren’t just Chinese companies involved with the tariffs.

Total over reaction by the DOW as it usually does. Tomorrow it will be up 10% when they realize just how small the Chinese leverage really is. Trump is putting tarrifs on 500B worth of good. China put them on $60B mostly farm products. Trump targeted their entire economy, Chia target soybeans. Trump can easily give US farmers assistance for a couple yrs. $12B is nothing. But can china do the same on $500B worth of goods? Nope.

Trump can go even further. he can sanction any country that chooses to do business with china. Just like he did to Iran. make countries pick sides. Iran has been cut off from capital and the US banking system. Transactions are still cleared in US dollars, they still have the reserve currency.