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Author Topic: Trump says U.S. to impose tariffs on steel, aluminum imports  (Read 179 times)
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March 25, 2018, 06:03:50 PM
 #21

It's only going to do bad to the US economy, but I don't  think that it's going to have any sort of impact on cryptocurrency economy, and if it does have an impact then it's a negative one.
Some people think that a decrease in stocks value is good for bitcoin, but it's the opposite,people won't buy bitcoin for 10K$ when they can buy google for 15% off at the same time.
Once the stocks bubble with explode, the bitcoin bubble with explode at the same time( I don't say that there is a bitcoin bubble, but if there is a bubble in the stocks market, it makes it okay to believe that the bubble also exists in the cryptocurrency market).

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April 06, 2018, 10:39:04 PM
 #22

Well, it's been a bit of time since the OP and it's playing out pretty much like I've been predicting it would in this thread and others related to this. China and the US are both now locked in a struggle and neither can afford to come to their senses because they'll lose face. Trump clearly started this. He's pulled out of free trade agreements, and is attempting to use the US's now involvement in them as a club to force other nations to bargain. I think we're seeing the logical conclusion of such a bad policy. China won't/can't afford to roll over and appear weak. We're now locked in a cycle where every time one country imposes tariffs, the other responds and the only people losing are American consumers as the prices of all the things they buy rise because of the tariffs. This is all so unnecessary that it boggles my mind this is the road we're taking.


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April 09, 2018, 07:28:50 PM
 #23

The former President of the United States was a statesman, and now President trump is a businessman!

The merchant has never made up for a lost business! The only purpose of the sino-us trade war is to reduce the trade deficit with China.

He's not a very good businessman. Many of his ventures have failed or been mismanaged into the ground. How many times has he declared bankruptcy? Being a "businessman" is not a mark of great distinction. Apparently we need a president who is an economist, and perhaps then we will have a politician who doesn't make short-sighted decisions and understands the economic implications of the trade agenda he's seeking to implement. Nobody wins a trade war, and the losers are consumers. People react to trade deficits like they're inherently a bad thing, but it's not like a budget deficit. There's no reason to expect that trade should or even can be balanced. If we have a trade "deficit" it means we're importing more thins than we're exporting, and that's happening because our consumers demand those things for some reason, usually because they're specialized and cannot be produced elsewhere or they're cheaper. To fight against that is to spite the American consumer. Tariffs are a tax paid by US consumers, and the increased efficiency will destroy more jobs than it creates by trying to protect certain industries. This is a pointless trade war.


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April 10, 2018, 12:59:52 AM
 #24

America's trade relationship with china mirrors its relationship with the UN, NATO and other organizations where the united states pays more, makes greater sacrifices and does far more than its fair share in comparison to other nations like china are given a far easier path to, economic growth prosperity and elevated standard of living.

It looks like there could be a WTO (World Trade Organization) lawsuit leveled at china in the future with the USA, japan and possibly the EU filing complaints against china for its theft or infringement upon patented, intellectual and copyrighted property. Trump has been attempting to recruit other countries to be allies with america against china in this trade dispute. Will Trump be successful, who can say.

There could well be other nations who disagree with the privileged role china assumes in trade and business and there could well be incentive to level the playing field more and take measures globally to decrease trade deficits and produce farirer and more equal trade.

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April 10, 2018, 01:13:02 AM
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 #25

America's trade relationship with china mirrors its relationship with the UN, NATO and other organizations where the united states pays more, makes greater sacrifices and does far more than its fair share in comparison to other nations like china are given a far easier path to, economic growth prosperity and elevated standard of living.

It looks like there could be a WTO (World Trade Organization) lawsuit leveled at china in the future with the USA, japan and possibly the EU filing complaints against china for its theft or infringement upon patented, intellectual and copyrighted property. Trump has been attempting to recruit other countries to be allies with america against china in this trade dispute. Will Trump be successful, who can say.

There could well be other nations who disagree with the privileged role china assumes in trade and business and there could well be incentive to level the playing field more and take measures globally to decrease trade deficits and produce farirer and more equal trade.

Great post thanks.

I'm loving the increased tariffs. Before the civil war, the american government only received revenue through Tariffs. It helped keep the government small and kept it from interfering with things it has no business interfering in.

The union levied an Income Tax in order to finance their war effort as a temporary measure, it went away following the war. It was brought back again as a temporary measure in the 1890's, never went away and in 1913 was signed into law right before the US entered WW1.
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April 10, 2018, 02:42:34 AM
 #26

indeed china and america as cold war in industrial world, import tax tariff so china does not export aluminum steel to america or will increase cost if it keep exporting, even though usd down, but china also gets worse

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April 10, 2018, 05:05:20 AM
 #27

The current situation is heating up the issue of trade war, it still has to be related to China on the imposition of rising prices of steel and aluminum imports, only concerned with the (American) state but not concerned with the current effects, the whole world is a large scale price decline, this is very bad behavior in fear there will be a bigger war.

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April 16, 2018, 07:16:27 PM
 #28

America's trade relationship with china mirrors its relationship with the UN, NATO and other organizations where the united states pays more, makes greater sacrifices and does far more than its fair share in comparison to other nations like china are given a far easier path to, economic growth prosperity and elevated standard of living.

It looks like there could be a WTO (World Trade Organization) lawsuit leveled at china in the future with the USA, japan and possibly the EU filing complaints against china for its theft or infringement upon patented, intellectual and copyrighted property. Trump has been attempting to recruit other countries to be allies with america against china in this trade dispute. Will Trump be successful, who can say.

There could well be other nations who disagree with the privileged role china assumes in trade and business and there could well be incentive to level the playing field more and take measures globally to decrease trade deficits and produce farirer and more equal trade.

Ironically, one of the best things to counter China's trade influence and abuses was TPP, which Trump unilaterally withdrew the US from. China has been a serial abuser of intellectual property rights for a long time, and a trade war was the absolute worst way to engage them on that. The US's recent indication it may rejoin TPP is a sign of just how bungled the decision to withdraw has been, as it's becoming increasingly clear that to even this administration you can't just fly by the seat of your pants and make rash economic policies without repercussions. TPP was about economically countering China by pulling regional economies into closer alliance with US economic interests.

Second, the TPP shifts economic balances and alliances within Asia. The TPP greatly increases the likelihood that Japanese Prime Minister Shinzo Abe will carry through on Japanese economic reforms, therefore making economic revival there more likely. The TPP will pull Vietnam (especially) and other signatories economically closer to the United States, and thus reduce Chinese economic preponderance. Given that South Korea is likely to quickly join in any completed TPP agreement, these shifts can have a long-run economic impact on China.


It's now clear that the election of Donald Trump will dramatically alter the shape of the world's economy for the foreseeable future. But based on his executive action to withdraw from the negotiating process of the Trans-Pacific Partnership (TPP), this reshaping will not be for the benefit of US workers and citizens.

Rather, the bulk of American workers, consumers and businesses likely will be hurt by the unfolding of US trade policies under President Trump.
...
Last week, China's President Xi Jinping attended for the first time the World Economic Forum in Davos and spoke on the benefits that globalization and reduced trade barriers has provided for China. He made a clear statement that the Chinese government is happy to take the lead in fostering globalization, and earlier remarks have suggested that RCEP negotiations will move forward. Unfortunately, this means the rules for global commerce will increasingly be set by other nations -- not by the United States. More importantly, with the United States absent from RCEP, considerable trade will be diverted away from the US.

By abandoning TPP, the US gave up on the IP reforms they were trying to push on China and that were included in the TPP agreement that was originally agreed to and that the remaining countries stripped from the agreement after the US left, perhaps at the behest of China but certainly to their direct benefit in any case.

The 11 countries suspended about 20 provisions in the original deal. Many of them were pushed by Washington, including terms that strengthened intellectual property (IP) protection for certain pharmaceutical products, extended the length of copyrights and reduced barriers for express shipments companies.

So any attempt by Trump at this point to try and rejoin TPP can only be viewed as the complete failure of his current tariff-fueled recklessness and the fact that trade wars are, despite his insistence otherwise, are destructive and not easy to win.


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Averim
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April 16, 2018, 07:20:51 PM
 #29

When we talk about politics is always a hidden game and there is not available all the date, even so i don't believe in this kind of measures because this will be a direct hit in the US investors and the whole economy would gain a different color.

filharvey
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April 16, 2018, 11:36:00 PM
 #30

Well there are pros and cons if such decisions.We should not forget that the opposite countries too have imposed heavy taxes on American exports.We should wait and see about what negative impacts could occur on American economy.

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