GopherJake
Well-known member
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Oh, I believe you.
Mr. Tough guy?
Agree. I would contend part of it, but not all of it.It is an admission that is Americans who pay the tarries.
In the short term it is not showing up for a couple reasons. China is devaluing (essentially eating the costs ) and the supply chain is eating the rest for now. In the longer term it will get passed along at the consumer level. So far it has not. China would love to make it painful for the US and make us lose our will to fight them on trade. They are cheating, stealing IP, they are human rights abusers and unfair traders. The problem needs to be faced. The best time to fight them with tariffs is when the economy is great, like now. Trump wants a great Christmas season of buying so he is holding back at the moment.It is an admission that is Americans who will eventually pay the tarries.
A weak day for Trump is a dream tough guy day for Obama, who never fought for us. He did ship Iran some cash though.
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>In the short term it is not showing up for a couple reasons. China is devaluing (essentially eating the costs ) and the supply chain is eating the rest for now. In the longer term it will get passed along at the consumer level. So far it has not. China would love to make it painful for the US and make us lose our will to fight them on trade. They are cheating, stealing IP, they are human rights abusers and unfair traders. The problem needs to be faced. The best time to fight them with tariffs is when the economy is great, like now. Trump wants a great Christmas season of buying so he is holding back at the moment.
So, what you are saying is that By devaluing their currency, China has made the price of a widget yesterday the same in dollars as widget plus tariffs today? Is there any real math on this?In the short term it is not showing up for a couple reasons. China is devaluing (essentially eating the costs ) and the supply chain is eating the rest for now. In the longer term it will get passed along at the consumer level. So far it has not. China would love to make it painful for the US and make us lose our will to fight them on trade. They are cheating, stealing IP, they are human rights abusers and unfair traders. The problem needs to be faced. The best time to fight them with tariffs is when the economy is great, like now. Trump wants a great Christmas season of buying so he is holding back at the moment.
So, what you are saying is that By devaluing their currency, China has made the price of a widget yesterday the same in dollars as widget plus tariffs today? Is there any real math on this?
It's the same type of math that says the tax cut pay for itself. Get your boots out. The bottom line is that the tariffs are added to the cost of goods being sold/manufactured and the consumer pays for it. Period.So, what you are saying is that By devaluing their currency, China has made the price of a widget yesterday the same in dollars as widget plus tariffs today? Is there any real math on this?
check your math.I think such math would be really hard to come by because like most things it is far more complicated than that. Yes the devaluation of the Yuan is a contributing factor to reducing the effect of the tariff. Obviously if $.90 USD buys what previously cost a $1.00 that offsets a 10% tariff but not a 25% tariff. Importers view the market as dynamic right now. Negotiations are happening and the situation is not settled. As such, a combination of the possible temporary nature of this battle combined with the devaluation effect are tamping down the price increases by the time the products get to market. There is competition for the Chinese goods and people can choose not to buy now or to buy elsewhere. So for now businesses have decided to take some short term hits or change the supply chain to deal with it. The consumer price indexes just do not show increases yet - so that's the best short term math that you can come by.
If this persists long term - then it WILL bite consumers until businesses can react and change their manufacturing locations or supply chain, that will have to happen. Trump is only concerned about what happens to our country. He has factored in that the Christmas shopping season is crucial to our economy. Trump's long term goal is to win a fair relationship with China, not to collect tariffs unless that is the only way to achieve it. In the end if the tariffs stay on, that will tip the balance for many companies to move to countries (including here at home) that are free from tariffs as well as the Chinese corruption.
Note- just for reference the Yuan is now at $.14. A few months back it was $.16- so that's slight more than 10%
16/14=1.14 There has been a 14% devaluationcheck your math.
Not sure on your math there beeg. 2% drop, divided by 16, = 12.5% a rise to 16 from 14 would be 14+%16/14=1.14 There has been a 14% devaluation
It is meaningless & I don't care what the Neocons think.It's not meaningless CRG. this is exactly what I thought of
Dude, supporting Hong Kong is not a neo con position. This requires no war machine. It's symbolic.It is meaningless & I don't care what the Neocons think.
Complete bullsh*t about Obama and you know it. Your right wing partisan panties are showing again.Dude, supporting Hong Kong is not a neo con position. This requires no war machine. It's symbolic.
You might note what happened to Iran since Obama failed to symbolically stand up for the protesters. They lost. I don't care I guess.
A little late.Complete bullsh*t about Obama and you know it. Your right wing partisan panties are showing again.
Obama Condemns Iran’s Iron Fist Against Protests
By New York Times JUNE 23, 2009
President Obama hardened his tone toward Iran on Tuesday, condemning the government for its crackdown against election protesters and accusing Iran’s leaders of fabricating charges against the United States.
In his strongest comments since the crisis erupted 10 days ago, Mr. Obama used unambiguous language to assail the Iranian government during a news conference at the White House, calling himself “appalled and outraged by the threats, beatings and imprisonments of the past few days.”
He praised what he called the courage and dignity of the demonstrators, especially the women who have been marching, and said that he had watched the “heartbreaking” video of a 26-year-old Iranian woman whose last seconds of life were captured by video camera after she was shot on a Tehran street.
“While this loss is raw and extraordinarily painful,” he said, “we also know this: Those who stand up for justice are always on the right side of history.”
https://www.nytimes.com/2009/06/24/....html?mtrref=www.google.com&assetType=PAYWALL
The Libertarian position is not to get involved. I'm a little surprised by your take on this.Dude, supporting Hong Kong is not a neo con position. This requires no war machine. It's symbolic.
You might note what happened to Iran since Obama failed to symbolically stand up for the protesters. They lost. I don't care I guess.
Symbolic display of support isn’t getting involved. Trump saying he hopes it works out well for China too just stinks. It can’t work out well for both. China wants control of Hong Kong. It was a dumb thing to say. You don’t have to support him 100% You know.The Libertarian position is not to get involved. I'm a little surprised by your take on this.
Not sure you are in a position to throw stones here. Now, if beeg tells you you’re wrong for 50 posts, before finally conceding in an embarrassing defeat, and then angrily stalks you in the months ahead, sure. Fire away.2 /16 = 0.125
dumbass
Being wrong and admitting it, like I did, is not embarrassing in the least. (Just how insecure are you?). Being wrong and not admitting it is though.Not sure you are in a position to throw stones here. Now, if beeg tells you you’re wrong for 50 posts, before finally conceding in an embarrassing defeat, and then angrily stalks you in the months ahead, sure. Fire away.
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It's not embarrassing if you immediately recognize your error when called out, as I do often. It is very embarrassing when you dig in for 50 posts, and then are forced to concede. That's what a huge ego will cause you to sometimes do. I'm sure beeg will admit his error (I beat you to the punch in correcting him.)Being wrong and admitting it, like I did, is not embarrassing in the least. (Just how insecure are you?). Being wrong and not admitting it is though.
You are behind by a couple dozen concessions, S2. Oh, and this is boring to me and everyone else. You may do your usual claiming of the last word - 699,999,990 posts or so short of your goal.It's not embarrassing if you immediately recognize your error when called out, as I do often. It is very embarrassing when you dig in for 50 posts, and then are forced to concede. That's what a huge ego will cause you to sometimes do. I'm sure beeg will admit his error (I beat you to the punch in correcting him.)
Why Hong Kong? What about all the people China keeps as slaves, all the dissidents they disappear, imprison, kill & all the people killed to harvest their organs? All the girls they kill? Why not insist on a display of support for them?Symbolic display of support isn’t getting involved. Trump saying he hopes it works out well for China too just stinks. It can’t work out well for both. China wants control of Hong Kong. It was a dumb thing to say. You don’t have to support him 100% You know.
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