PILOT SPIN
Spin Zone => Spin Zone => Topic started by: EppyGA - White Christian Domestic Terrorist on March 04, 2018, 11:25:28 AM
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I was watching the FOX News Sunday show with Chris Wallace. Chris was drilling this guy about the cost the tariffs will impose on Americans. The guy kept trying to make the point about what happens when our steel and aluminum industries are put put of business, then what. Chris would not even acknowledge that arguments and would just revert back to his previous argument.
It strikes me that Chris Wallace is not extremely intelligent or just really want to pound home his point. Can folks not see that if we quit making steel and aluminum here that we can easily be held hostage?
Look forward to your thoughts.
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I was watching the FOX News Sunday show with Chris Wallace. Chris was drilling this guy about the cost the tariffs will impose on Americans. The guy kept trying to make the point about what happens when our steel and aluminum industries are put put of business, then what. Chris would not even acknowledge that arguments and would just revert back to his previous argument.
It strikes me that Chris Wallace is not extremely intelligent or just really want to pound home his point. Can folks not see that if we quit making steel and aluminum here that we can easily be held hostage?
Look forward to your thoughts.
First of all, Chris Wallace is a shill for the MSM. There's not an ounce of unbiased in him. The apple doesn't fall far from the tree.
Look at what other countries are doing to US produced goods when imported. Yep, big time tariffs. Why? Because they want to protect their own counties interest. As someone who has spent a considerable time overseas, just go shopping for American made goods in other countries and get ready for the sticker shock.
Here's why the progressives are going ape shit over tariffs: This will strengthen our economy. And a strong economy will get Trump reelected in 2020.
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I realize a trade war is not an ideal situation, but just think; who has more to lose? Trump is right, we would easily win a trade war.
I just read that India has a 100% tariff on Harley Davidson. Is that what some people call "free trade"? Even our "friends and allies" are gouging us and then squeal like a pig when we threaten to do the same to them.
I hope the tariffs don't have to happen. They could be avoided if those other countries would lift their tariffs on our products. But if they don't, screw-em. Imagine what would happen if we slapped the same tariffs on them.
That said:
I am not very familiar with how tariffs apply to our products in foreign countries. I know China had promised to reduce tariffs on our steel and aluminum. I don't know if they carried through, but "reducing" them is not enough. Do European countries place tariffs on our goods? If so, then they need to watch out.
I tried to look up how our goods are treated overseas, but practically all I could find were a bunch of articles that started with "Trump threatens . . ."
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First of all, Chris Wallace is a shill for the MSM. There's not an ounce of unbiased in him. The apple doesn't fall far from the tree.
Heh, Meatloaf, Jr.
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The blindness of liberals to the reality of tariffs is concerning as it reminds us of how BRUTALLY ignorant liberals tend to be in matters of business.
The biggest reason I hated to see that pile of dog shit, Obama elected was because his entire knowledge of business began and ended with, "what's in it for me." He and his party were so proud of their utter ignorance and it was so easy to lead them doen the road to stupidity because he and his administration of fools did nothing right. NOTHING.
Now the liberals in Congress are babbling like the single digit IQ magpies they are, because they were told to do so. You can tell how blind they are to the topic by watching them when they get a question that's of script.
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I just read that India has a 100% tariff on Harley Davidson. Is that what some people call "free trade"? Even our "friends and allies" are gouging us and then squeal like a pig when we threaten to do the same to them.
India is nothing close to free trade. They require that every company that comes to India built a factory there, use Indian labor, hire Indian workers and use India raw materials. They have no interest in goods being imported.
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I tried to look up how our goods are treated overseas, but practically all I could find were a bunch of articles that started with "Trump threatens . . ."
I found the same crap when searching. I did find this for EU Tariffs
http://madb.europa.eu/madb/euTariffs.htm
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I've had the great benefit of living and working outside the US, so let me give you a nickel worth of advise on tariffs.
Thailand: If you want to buy a BMW in that country, be prepared to pay a tariff of ~110% over the asking price for the same car in UK(inside the EU).
Australia: If you want to buy a bass boat(or any kind of US made boat), the tariff will be at least 130% of the retail price in the US.
Mexico: This one is tricky. Sometimes, if you get an idiot at customs(most are) the tariff will run 20-30%. If you get a wise guy, who needs to pad his income some more, the tariff on US goods will be double.
Korea: Importing anything to Korea from the US takes weeks, and tariffs are again - a variable. They run from a low of 20% to a high of 300%. Basically the same with Taiwan.
I'm not advocating tariffs, just comparing like for like.
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I tried to look up how our goods are treated overseas, but practically all I could find were a bunch of articles that started with "Trump threatens . . ."
At the risk of exposing google-foo secrets -
Search on your terms
Immediately under the Google search box, on the right side, click Tools
On the left side, the newly opened drop down, choose Any Time and set a new Custom Date range
Set the start date to 1/1/1900 and the end date to something a couple of days before all the news crap started.
This filters out all the news about Trump Threatens and lets you see more of what you want to see.
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On the tarriffs...I have never seen so many people afraid of a bargaining chip before. It's the art of the deal and Trump has been doing it from the beginning. He starts out with an impossibly harsh term that he can later walk back and gain concessions.
R's in Congress think he is serious. I believe he is willing to go that route, but he wants to give that up for something else. It's how he makes a deal. If you look, it is obvious and he's even talked about this exact topic before.
http://www.butler-bowdon.com/donald-trump---the-art-of-the-deal.html
On another occasion, he read about a company in dire straits, whose executives had been living high flying around in a corporate Boeing 727. At the time this plane cost $30 million new. Trump offered a measly $5 million, and in the end paid $8 million - still a hefty discount. If you can make seemingly outrageous demands while keeping a straight face, he notes, you will get bargains.
This is like reading Mein Kampf, everything is right there in the open.
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Tariffs are a tax on a country’s own citizens. The exporter does not pay it.
The countries that currently have the highest mean applied tariffs are generally those least developed. Those with no or minimal tariffs are among the healthiest economies. Adam Smith wrote “The Wealth of Nations” in direct response to the tariff wars so prevalent at that time.
Electronic components are critical to national defense, yet we are dependent on many of them from asia. The WTO allows tariffs if a country reasonably claims it is needed to secure their critical national defense. So the claim for steel and aluminum is theatrics intended to serve as a legal defense.
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The whole thing was theatrics.
Doesn't matter now, idiots in Congress have cut the president's legs out from under him.
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I’m a CPA and US tax guy, but I’m not an international tax expert. I’m also not a macro economist, which is important to understand the importance tariffs have on international trade.
That being said, I’m not convinced either side has a handle on the net effect of tariffs. One thing I DON’T like is that it adds $$ to the fed. We ran the country just fine with tariffs before the income tax, but now it would be yet another tax.
I do think that they can be used as a hammer to correct inequities. For example, I heard on this thread that Harley Davidson has a 100% tariff on motorcycles sold in India. Do we impose a 100% tariff on Mahindra tractors in the US, usually priced lower than a comparable John Deere tractor? If not, why not? How do Harley Davidson and John Deere benefit from having disproportionate treatment between countries?
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I've had the great benefit of living and working outside the US, so let me give you a nickel worth of advise on tariffs.
Thailand: If you want to buy a BMW in that country, be prepared to pay a tariff of ~110% over the asking price for the same car in UK(inside the EU).
I'm not advocating tariffs, just comparing like for like.
I noticed that Thai made 'foreign' products (Honda bikes & Bernina sewing machines were two that I was looking at) are more expensive there than they are here in the US. 12$ for a 6 pack of Bud....and some Ex-pats (and locals) are stupid enough to pay it. hahaha
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(https://media.townhall.com/Townhall/Car/b/gmc15616120180305040300.jpg)
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I’m a CPA and US tax guy, but I’m not an international tax expert. I’m also not a macro economist, which is important to understand the importance tariffs have on international trade.
That being said, I’m not convinced either side has a handle on the net effect of tariffs. One thing I DON’T like is that it adds $$ to the fed. We ran the country just fine with tariffs before the income tax, but now it would be yet another tax.
I do think that they can be used as a hammer to correct inequities. For example, I heard on this thread that Harley Davidson has a 100% tariff on motorcycles sold in India. Do we impose a 100% tariff on Mahindra tractors in the US, usually priced lower than a comparable John Deere tractor? If not, why not? How do Harley Davidson and John Deere benefit from having disproportionate treatment between countries?
Once again, if you want to get to the real truth of why so many in the establishment are upset over the President mentioning tariffs, just follow the money.
Over the years our members of the elite establishment class have been sold to the highest bidder to represent their interest rather than the interest of the people that elected them. One recent case in point is healthcare and the repeal of the ACA, where all of the sudden congress and the senate just couldn't seem to come up with a repeal. Why? Because the healthcare industry as well as the healthcare insurers, who btw, are guaranteed huge subsidies under the ACA want to keep their money coming.
These same congressmen, senators and other government minions have deep ties with varying industries in other countries that are benefiting from our lopsided trade agreements, hence why we are in the shape we are today. Don't think for one moment these overseas governments and businesses aren't letting their friends in congress know of their dissatisfaction as well possible drying up of the well if they dare let the President take away their sweetheart deals.
Follow the money.