Is America Really Paying For the Chinese Tariffs?

Discussion in 'Politics' started by NOLAGATOR, Aug 6, 2019.

  1. NOLAGATOR

    NOLAGATOR Deep Behind Enemy Lines
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    If Trump is adding a 10% Tariff to Chinese Goods and China is devaluing their yuan by 10% it's a wash.

    I can't see where this does not hurt China?
     
  2. TLB

    TLB Just chillin'
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    This is what I caught on some news clip - there's no change for the American consumer, China is eating the difference. Proof they've been messing with us.
     
    • Minister of Information

      Minister of Information Making A List, Checking It Twice

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      All this is setting up for a return to the gold standard. If that happens, they're through.
       
      • NOLAGATOR

        NOLAGATOR Deep Behind Enemy Lines
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        That's not going to happen with DC Insiders...But you are right.

        I'd be happy with a “Balanced Budget Amendment”.
         
      • Swamp Donkey

        Swamp Donkey Moral Victory Champs!
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        Dont worry. They are just going to fast until we give in.
         
        • Politigator

          Politigator L-boy's Cousin
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          US farm exports to China pretty much toast.
           
          • rogdochar

            rogdochar Senior Member
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            Damn lazy chinks should be making their own toast, not importing it; that's just stale.
             
            • Detroitgator

              Detroitgator General Factotum
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              So, and?
               
            • Swamp Donkey

              Swamp Donkey Moral Victory Champs!
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              Yes, we will see whether US can afford to buy less dollar store garbage or whether China needs food more.

              I suspect youve never win a game of poker in your life.
               
              • AugustaGator

                AugustaGator Junior Member
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                Meanwhile, we sell to Brazil and Brazil sells to China.
                 
              • AlexDaGator

                AlexDaGator The Hammer of Thor
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                Devaluing makes food and energy more expensive for the Chinese.

                It also negates the US domestic effect of the tariffs.

                The Chinese are scared and may have overplayed their hand.



                Alex.
                 
                • rogdochar

                  rogdochar Senior Member
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                  I'm great at poker and gambling, with my bluff face and math skills.
                  You study my face. I bet $437 you can't tell me how much I owe my bookie.
                   
                  • Ancient Reptile

                    Ancient Reptile Senior Member
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                    So they get imports that previously went elsewhere. How much do we lose supplying that market? Even the snarky Forbes article admits that manufacturers are moving out of China. The ten per cent devaluation on top of Chinese counter tariffs will make American imports out of reach for a lot of Chinese and it will make imports from other countries impossible for many (but fewer than for American goods) Chinese. It will help Chinese exports, but they get less foreign currency for the same exports.
                    All in all, it looks like clear evidence of Chinese desperation to me.
                     
                    • Ancient Reptile

                      Ancient Reptile Senior Member
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                      I see that it is a wash in terms of keeping the price of Chinese exports to U. S. A. constant and makes their exports even more attractive to other countries, but it increases a lot of costs to the Chinese people and many are already unhappy with their economy
                       
                      • Swamp Donkey

                        Swamp Donkey Moral Victory Champs!
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                        I guarantee LSoy boy is throwing shyt right now bc deep down he, if he knows anything about economics at all, like he know claims, you are right.

                        The art of the deal. Trump negotiates from positions of strength. I know that is being a bully and we should have surrendered like Obama at ehery turn.
                         
                        • Ancient Reptile

                          Ancient Reptile Senior Member
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                          But it's not just him. Many in the MSM are putting forth articles about how we are losing. I think they want us to throw in a winning hand and lose. They seem offended by Trump staightening out an obvious mess. To me they seem like "fifth columnists" who are deliberately working against our interests. There was some of this in the Canada/Mexico trade talks, but this is ridiculous.
                           
                          • Detroitgator

                            Detroitgator General Factotum
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                            Which still sits unmoving in the House. Ridiculous.
                             
                          • Swamp Donkey

                            Swamp Donkey Moral Victory Champs!
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                            To a leftist,I better to be emotionally correct than factually correct.
                             
                          • AugustaGator

                            AugustaGator Junior Member
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                            TDS. And they don’t realize it.
                             
                          • AugustaGator

                            AugustaGator Junior Member
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                            Fify
                             

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