So the US gets a depression and the rest of the world gets cheap chinese goods?BasedFuck mutts
>>60165459The US needs to impose exports on everyone; selective tariffs on China do not work. If the US imposes only selective tariffs on China, then Chinese products will simply displace products in other markets, and those products will be redirected go to the US instead, so the net effect will be the same as if the US had no tariffs on China.
>>60165459Wipepo just can’t compete. They’re intellectually locked out. Only gigabrain Indians and Asians will make it while Timmy makes our shoes and sees our tshirts. Even trump and lutnick said so
>>60165481Cheap Chinese goods might be good for consumers, however US corporate profits would be massacred by cheap Chinese products when the Chinese start to compete in the high tech product segments that are the forte and last hold-out of US companiesFurthermore, that kind of extreme dependence on Chinese manufacturing means the US could never fight a war against China
>>60165529Lol based HIVan
>>60165459No. US boomer run fed gov has $300 Billion / year trade deficit with China. And US boomer run fed gov has negative $2 trillion / year budget hole. And boomers in gov can't increase people's taxes as everybody is bankrupt. So tarriffs are taxes on large trans national corporations and countries like china and EU.This will allow to REDUCE taxation of the people, while trying to balance the budget.
>>60165481It's cheap chinese JUNK. Good luck. >even chinese metal breaks fast .>chinese hammers break after 3 days of use.
>>60165459Well, if his idea was to fight China specifically, it might have been a good idea to leverage some of America's many alliances with China's other trading partners to build a global system of tariffs, instead of declaring trade war on everyone at the same time.
>>60165746Chinese goods are getting better all the time. They're steadily climbing the value chain. Likely, once they've cracked EUV photolithography and very high bypass ratio turbofans, they will be offering full spectrum competition against American companies
>>60165815That assumes those countries would be willing to join a customs union with the US. Even if he did get them to join such a union, it's likely such a union would fall apart quickly, because few want to be stuck on the poor side of the economic wall where everything is more expensive (see the former eastern bloc for a historical example)
>>60165866>where everything is more expensiveand lower qualityLower economies of scale = lower margins = less resources for R&D
There has been a massive boost in pro CCP propaganda since the tariffs hit. China is a joke.
>>60165815>America's many alliancesThe scumbags that have leeched off us for 50 years while turning around and funding socialist welfare states? Lol fuck off.
>>60165459I guess EU will just commit suicide then.>>60165481>So the US gets a depression and the rest of the world gets cheap chinese goods?EU isn't doing so hot. With US Tariffing and China using its dollar reserves to subsidise industry, it wouldn't take long to go into mass unemployment.
>>60165481>rest of the worldExcept for EU because they're still fighting China for some reason. They're a strong independent alliance and they don't need no superpower (except for US when it's run by democrats)
>>60165481Haha.. China will flood you with cheap shit alright. You'll have Walmarts and the death of your small businesses like here in the states.WINNING!
>>60165500ALL the major economies already have massive surpluses with the US, there is little to displace. A couple 10s of Billions in Australia, that's it.
>>60166102It won't necessarily be "suicide" to trade with China. However, it will require a major restructuring of one's economy to find new economic niches to occupy
>>60165972You let them leech for 50 years, because people in the White House figured you might one day need to strongarm all of them into a customs union to fight a trade war with China.Of course now that you've decided not to do that, those 50 years seem like kind of a dumb move on your part.
>>60166187Suppose>America cuts $250B in Chinese imports using tariffs>$250B of Chinese goods are redirected to third countries>America imports $250B more from third countriesNet result: nothing
>>60165822They are climbing the value chain, but they aren't climbing the wage chain. As long as there is anything to take from EU/Japan/SK through mercantilism they will keep playing the same games they are doing now (currency manipulation, IP theft, etc) even if the US refuses to play along. No major nation in their right mind should want to do any business with China at all. Even the nation led by Cheetoh is preferable.
>>60165459There are strategic reasons for this. Civilian industry can be converted to military industry when needed, especially if they involve the same production tools. China's industry already produces an enormous surplus of various things (which is bad) and rather than scale down production they're increasingly desperate to find foreign buyers to offload the excess. They need all those factories running so that when the time comes, they can produce wartime material instead.We saw this with EVs. They want car industry specifically because car plants use the same machinery as most fighting vehicles. Nazi Germany did the same thing before WW2, courted Porsche, Volkswagen etc. and built up all their car factories to convert to tank production.China is preparing its economy for total warvand concealing it (poorly) behind economic development. But there's no reason for them to run such a colossal production surplus except for military means.
>>60166258>America imports $250B more from third countriesWhich would that be? EU? Japan? Countries which have that magnitude of goods to displace are having the same tariffs as China in the first place ... it doesn't work.
>>60165481Yes. Destroy your local manufacturing economies by undercutting then with cheap Chinese shit. What could go wrong. Also none of those other countries buy things either. They want to sell to America without buying anything back.
>>60166330>concealing it (poorly)EU will rip their eyeballs out and ram pencils in their ears to avoid noticing it. They would rather do that than admit WTO style globalisation failed.
>>60166368It can be any and all countries in the whole world that manufacture anything that China also manufactures>other countries have tariffs on ChinaThose tariffs are usually selective and vary depending on which industry those countries want to protect and how much protection they need. If those countries can offload products to the US, their industries don't need as much protection in the domestic market from Chinese products as they otherwise would've needed
>>60166330>Civilian industry can be converted to military industry when neededThat might've been true 80 years ago. Today many production lines are way too specialized. Try to convert a car factory to produce tanks - you might as well build a new production line.What might translate to war production is the worker expertise and some of the basic capital goods like steel mills or CNC machines.>produces an enormous surplus of various things (which is bad)Exports are not inherently bad. In fact, in an ideal optimal global economy, countries should specialize on doing what they do best
>>60166493>It can be any and all countries in the whole world that manufacture anything that China also manufacturesWhich are few ... EU, Japan, South Korea.I didn't mean other countries have tariffs on China, I mean all the countries with high value added goods to displace are being tariff'd just as hard as China by the US. So the tariffs would still need to be paid.
>>60166656>I mean all the countries with high value added goods to displace are being tariff'd just as hard as China by the US. Yes, that's exactly my point. The US cannot simply just tariff China, it needs to tariff the whole world to keep out the effect of Chinese exports
>>60166582You don't really know anything about modern manufacturing and it shows>Surplus goodNot when you're forced to neg countries to buy your shit and offer it at a fraction of market value because you have too much and you're making too much more. These are poor financial decisions made for the sake of keeping unprofitable state-sponsored manufacturing running at full capacity to the benefit of nobody. The only reason for that is military readiness.
>>60166728>You don't really know anything about modern manufacturing and it showsThen educate my ignorant self and anyone else in this thread who might be deluded by my ignorant writingsYou're not going to be making tanks in a car factory. After European automakers bailed on their partnerships with Russian auto factories, Russia couldn't even make other brands of cars in their car factories until after years of retooling to build Chinese model cars using Chinese parts>Not when you're forced to neg countries to buy your shit and offer it at a fraction of market value because you have too much and you're making too much more.China manufactures cheap stuff because they have enormous economies of scale and insane competition that drives profit margins to zero
>>60165481>no one else is gonna tariff China JUST USAwishful thinking anon, EU is def gonna tariff them as well
