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Thread: Trade war heating up

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    tWebber demi-conservative's Avatar
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    Trade war heating up

    Trump wants to increase tariffs, Cohn resigns. Canuckland, also Mexico warn of retaliation.

    Early on Monday, the U.S. president ratcheted up tension before the ministerial meetings in Mexico by tweeting that"Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed." said that meant Canada and Mexico would enjoy tariff exemptions once a NAFTA deal was reached, calling the tariffs an "incentive" to conclude the talks.

    Canada and Mexico say they should be exempted from suchmoves, and have warned they could retaliate.

    Guajardo said there would be no concessions made in the NAFTA negotiations to placate Trump on steel and aluminum, while Freeland said the two issues were separate.

    https://m.ca.investing.com/news/econ...estion-1041967
    Buckle up, folks!
    Trump is basically "Bruce Wayne pretending to be a foppish retarded billionaire" tier genius, in case nerds need a simpler metaphor.

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    Professor KingsGambit's Avatar
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    The EU has already drafted a list of retaliatory tariffs to get back at the US:

    https://www.bloomberg.com/news/artic..._medium=social

    This is beyond stupid. Inciting a trade war that will jack up prices for everybody in order to provide short term benefit for one industry employing a comparatively small amount of workers?
    For what was given to everyone for the use of all, you have taken for your exclusive use. The earth belongs not to the rich, but to everyone. - Ambrose, 4th century AD

    All cruelty springs from weakness. - Seneca the Younger

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    tWebber Darth Executor's Avatar
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    Quote Originally Posted by KingsGambit View Post
    The EU has already drafted a list of retaliatory tariffs to get back at the US:

    https://www.bloomberg.com/news/artic..._medium=social

    This is beyond stupid. Inciting a trade war that will jack up prices for everybody in order to provide short term benefit for one industry employing a comparatively small amount of workers?
    assuming the trade war is fought to autarky, I don't see how the US loses out overall. The trade deficit is considerably in your disfavor.
    "As for my people, children are their oppressors, and women rule over them. O my people, they which lead thee cause thee to err, and destroy the way of thy paths." Isaiah 3:12

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    tWebber Mountain Man's Avatar
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    The trade war has been in full force for decades. Trump is just the first President since Reagan to go on the offensive.

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    tWebber demi-conservative's Avatar
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    Quote Originally Posted by KingsGambit View Post
    The EU has already drafted a list of retaliatory tariffs to get back at the US:

    https://www.bloomberg.com/news/artic..._medium=social

    This is beyond stupid.
    Tremendous idea by Trump. Steel is of national security importance, also aluminium.

    Inciting a trade war that will jack up prices for everybody in order to provide short term benefit for one industry employing a comparatively small amount of workers?
    'My cheap plastic crap from China will cost more, also smartphone, also can of beer ' [/lib]
    Trump is basically "Bruce Wayne pretending to be a foppish retarded billionaire" tier genius, in case nerds need a simpler metaphor.

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    tWebber demi-conservative's Avatar
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    Quote Originally Posted by Elon Musk
    Do you think the US & China should have equal & fair rules for cars? Meaning, same import duties, ownership constraints & other factors.

    For example, an American car going to China pays 25% import duty, but a Chinese car coming to the US only pays 2.5%, a tenfold difference

    We raised this with the prior administration and nothing happened. Just want a fair outcome, ideally where tariffs/rules are equally moderate. Nothing more. Hope this does not seem unreasonable.

    https://twitter.com/elonmusk/status/971811614411276288
    So close to saying 'Go Trump!!!'
    Last edited by demi-conservative; 03-13-2018 at 02:26 PM.
    Trump is basically "Bruce Wayne pretending to be a foppish retarded billionaire" tier genius, in case nerds need a simpler metaphor.

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    tWebber Mountain Man's Avatar
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    It's about time we hit the reset button on Bill Clinton's "favored nation" debacle.
    Some may call me foolish, and some may call me odd
    But I'd rather be a fool in the eyes of man
    Than a fool in the eyes of God


    From "Fools Gold" by Petra

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    Oops....... mossrose's Avatar
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    Canada is exempt.

    For now.


    Securely anchored to the Rock amid every storm of trial, testing or tribulation.

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    tWebber demi-conservative's Avatar
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    Quote Originally Posted by Mountain Man View Post
    It's about time we hit the reset button on Bill Clinton's "favored nation" debacle.
    It's about time Willie is locked up for Chinagate.
    Trump is basically "Bruce Wayne pretending to be a foppish retarded billionaire" tier genius, in case nerds need a simpler metaphor.

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    tWebber demi-conservative's Avatar
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    Quote Originally Posted by mossrose View Post
    Canada is exempt.

    For now.
    If Trump beats China, all others will fall in line.
    Trump is basically "Bruce Wayne pretending to be a foppish retarded billionaire" tier genius, in case nerds need a simpler metaphor.

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