The world's biggest shipping company warns Trump's trade war will hurt America more than anyone else
- Thread starter Rychek4
- Start date
God knows that I'm no fan of Trump, but OF COURSE a shipping company is going to say this. Tariffs mean fewer products coming into the US, which hurts their bottom line.
Honestly, I can't see a trade war hurting America more than it will China. They make a LOT more money selling to Americans than we do selling stuff to the Chinese. I know that it's not that simple, but when you get down to brass tacks, it kind of is. More money is flowing into China from America than is flowing into America from China. Personally I'd rather pay more for American made goods and cut back a little... That puts money in American worker's pockets and punishes businesses that move over seas.
Trump has a point about "American" companies moving their factories abroad. I get that they do it to save money. And that's where the tariffs come in... you move your company to where you can pay a crap salary to a desperate person, you pay the price when you bring your goods back across the boarder. Of course it bears mentioning that Trump does this as well, but that doesn't mean he's still not correct on this.
Honestly, I can't see a trade war hurting America more than it will China. They make a LOT more money selling to Americans than we do selling stuff to the Chinese. I know that it's not that simple, but when you get down to brass tacks, it kind of is. More money is flowing into China from America than is flowing into America from China. Personally I'd rather pay more for American made goods and cut back a little... That puts money in American worker's pockets and punishes businesses that move over seas.
Trump has a point about "American" companies moving their factories abroad. I get that they do it to save money. And that's where the tariffs come in... you move your company to where you can pay a crap salary to a desperate person, you pay the price when you bring your goods back across the boarder. Of course it bears mentioning that Trump does this as well, but that doesn't mean he's still not correct on this.
The thing i hate the most about tariffs is that its a tax on the American people. We arent taxing China, we are hurting American consumers with the hope that they will buy an American alternative. It might save some steel worker jobs but its going to cost a lot of other industry jobs.
Im no expert on economics but I can't find any one who supports tariffs.
I just don't understand what trump thinks is going to happen. In the meantime NATO and the EU the most powerful trade groups in the world, which have helped to stabalize the globe and thus have less war and famine, those things are being destabilized.
I'm just not too sure wtf we think we are doing here. If we end up in another war in a couple years from all this nonsense its going to cost us a lot of money.
Im no expert on economics but I can't find any one who supports tariffs.
I just don't understand what trump thinks is going to happen. In the meantime NATO and the EU the most powerful trade groups in the world, which have helped to stabalize the globe and thus have less war and famine, those things are being destabilized.
I'm just not too sure wtf we think we are doing here. If we end up in another war in a couple years from all this nonsense its going to cost us a lot of money.
Well, that's one way of looking at it..
I look at it as we have a LOT of products in this country that are artificially cheap. They are cheap b/c the countries that make them don't protect their labor force in any way. OF COURSE a product is cheaper when you pay slaves wages to the factory workers AND/OR force kids to work all day for basically pocket change. When you buy those products you support that crap (and yes this includes "American" companies).
Prices will go up. And I am willing to pay more for an American product that is manufactured by a company that pays a fair wage. That money I pay pays American workers in American Factories. If an industry is paying cheap prices for the same raw products harvested by that same type of labor force, then f them. Again, I'll gladly pay more for a legit product.
As I've said, I'm no expert on foreign trade, but I'm neither for nor against the tariffs. I just don't know enough. Judging by the squealing to the East, I'd say China doesn't care for them either. And I'm fine with that too.
Yes, but his point stand, we are only excluding ourselves, other countries will still trade with each other. That is why America will hurt more.
To your first paragraph, that's really going to depend on currency valuation differences between China and their preferred alternatives to trading with the US.
To the second paragraph you have to consider tariffs on raw goods vs. finished products. If making cars in the US to get around tariffs on car means you still have to pay tariffs on imported aluminum then we haven't really accomplished anything.
There are some really interesting papers on things like child labor. In many places in the world, the alternative to working in factories as children is starvation.
Also, there is some great literature out there about how child labor laws started in England. Much of it had to do with adults viewing the children as competition for their jobs, and basically back-alley dealing with the clergy to create the laws and send them to schools (which the Clergy would be paid by the state to run).
I am as well, unfortunately you aren't ever going to buy ipads made in america.
China will have their country starve to death before they give in to trump. Trump will be voted out before Mr. President for Life is.
It is funny seeing conservatives get hard on’s to the federal government taxing companies. You’d think more of them would have loved Obama.
