Yukon Huang laid out a solution to the trade war. He is a senior fellow in the Carnegie Asia Program.
Turning to the World Trade Organization (W.T.O.) is currently a nonstarter, but its appeal will increase as the conflict drags on.
The W.T.O. as currently structured cannot adequately deal with a state-driven economy like China’s, as Mark Wu, a law professor at Harvard, has argued. China has cut back on directly subsidizing exports which are a clear violation of W.T.O. guidelines. Many Chinese companies still benefit indirectly from access to underpriced state-owned land and privileged relations with local authorities and banks, and those issues are not explicitly covered in the regulations.
Just last week, the European Commission proposed reforming the W.T.O., with new rules to deal with forced technology transfers and the rise of e-commerce.
Europe and China could work out the terms that address key complaints from the USA.
The White House could also point to any thorough overhaul of the W.T.O. as a victory, and an admission on China’s part that the United States’ concerns were legitimate. It could then address any specific issues that remained in a bilateral investment treaty, which the U.S.-China Business Council has been advocating.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
Putting band aids on the problem will not change anything as long as the policy of the Chinese communist party is to undercut the US on multiple levels including militarizing the S. China Sea. Until they start to see us as an economic and social partner (the same way the EU sees us) instead of a target and chumps to be taken advantage of then minor fixes will not be effective. It requires a policy alignment and agreement, not a quick fix.
Putting band aids on the problem will not change anything as long as the policy of the Chinese communist party is to undercut the US on multiple levels including militarizing the S. China Sea. Until they start to see us as an economic and social partner (the same way the EU sees us) instead of a target and chumps to be taken advantage of then minor fixes will not be effective. It requires a policy alignment and agreement not a quick fix.
Meanwhile, The Trump Negotiators have actively vetoed every new WTO judges that are put up. Soon, there will not be enough judges to hear any Trade cases. Those guys think ahead.
I couldn’t agree more with you.
Funny thing — trade wars — is that it definitely takes TWO to “tango”. Lest we so easily forget, recall that Prez Trump didn’t set out to impose economic tariffs on China’s (and Europe’s) export goods because we didn’t like the angle of their sideburns or fluffiness of their wigs. Truth be told, China and Europe’s states have long exercised their sovereign power to impose sometimes-steep, but always significant excise import tariffs on America’s exported goods. In ALL cases, the tariffs were branded “competitive leveling”. To allow their domestic production an uncontested economic advantage. Lest so easily forget. I like to remember what President Trump said a few months back — and I really think it captures the core of the situation — (loosely paraphrased) “I’d love to see an international trade situation where there are NO tariffs at all. We’ve been asking for decades that other countries pull down and eliminate their import duties and surcharges. They have not, and moreover, continue to impose steep taxes on our fine American products. Well… so long as they do, so shall we. I’m quite willing, TOMORROW, to tear down our newly imposed, and VERY FAIR tariffs, if the Other Guys will actually do the same. But since they’ve had the economic advantage for decades, it is encumbent on them to make the first really signicant move.” That is very loosely paraphrased. Yet, if one can just move past the anti-Trump media spin, it makes sense. Instead, fueled by a receptive (even doting!) world media that fauns over China’s magnificent socio-economic rise in the last 50 years, fueled by the media, China especially, but yes Europe’s countries too … have imposed additional “punitive tariffs” on US goods, EXACTLY as the media predicted. Its galling to read the poppycock that goes for economic analyses these days: that because America has had the intemerity to Impose Trade War Sanctions, she must be Evil, and her Commander-in-Chief, already thought of an evil-spiri
Meanwhile The Trump Negotiators have actively vetoed every new WTO judges that are put up. Soon there will not be enough judges to hear any Trade cases.Those guys think ahead.
I couldn’t agree more with you.
Funny thing — trade wars — is that it definitely takes TWO to tango””. Lest we so easily forget”” recall that Prez Trump didn’t set out to impose economic tariffs on China’s (and Europe’s) export goods because we didn’t like the angle of their sideburns or fluffiness of their wigs. Truth be told China and Europe’s states have long exercised their sovereign power to impose sometimes-steep but always significant excise import tariffs on America’s exported goods. In ALL cases”” the tariffs were branded “”””competitive leveling””””. To allow their domestic production an uncontested economic advantage. Lest so easily forget. I like to remember what President Trump said a few months back — and I really think it captures the core of the situation — (loosely paraphrased) “”””I’d love to see an international trade situation where there are NO tariffs at all. We’ve been asking for decades that other countries pull down and eliminate their import duties and surcharges. They have not”” and moreover continue to impose steep taxes on our fine American products. Well… so long as they do so shall we. I’m quite willing TOMORROW to tear down our newly imposed and VERY FAIR tariffs if the Other Guys will actually do the same. But since they’ve had the economic advantage for decades”” it is encumbent on them to make the first really signicant move.””””That is very loosely paraphrased.Yet”” if one can just move past the anti-Trump media spin it makes sense. Instead fueled by a receptive (even doting!) world media that fauns over China’s magnificent socio-economic rise in the last 50 years fueled by the media China especially”” but yes Europe’s countries too … have imposed additional “”””punitive tariffs”””” on US goods”” EXACTLY as the media predicted. Its galling to read the poppycock that goes for economic analyses these days: that because America has had the intemerity to Impose Trade War Sanctions she must be Evil and her Commander-in-Chief already t”
That is fairly choice, isn’t it? BACK and DIRECTLY. So… not eliminating (cut back), but also not directly subsidizing (but indirectly, as it is easy). Great! Transparency! NOT. For power hungry manufacturing, state subsidy of the consumed power isn’t counted as “directly subsidizing”. Yet it is a major underwriting of costs. Same goes for people-intensive industries. Hiring from “agencies” instead of “employees” offloads whatever state subsidies are going into the agencies’ employees pockets in lieu of full-pay-at-market-price. Not reported. Same goes for the “ores and mining” industries, which faithlessly record in excruciating detail all mining results, and put world-market value on the ores, tho’ they are traded at times almost-for-free thru state subsidies internally. Just saying. You hit the pig on its snout. GoatGuy
Ummm… 94% of bananas consumed in the US come from Honduras, Colombia, El Salvador, Guatemala, Ecuador and Costa Rica. This, because unlike the Caribbean islands, the massive plantations properties are allowed to be OWNED by the producer corporations in these central American states. In the Caribbean islands, similarly sized plantations have a distressing likelihood of being taken over by the state, or fall into the hands of banditos. All too often. Sugar on the other hand is an ancient “trade problem”. Not just the Caribbean, but all Central American countries enjoy microclimates that are beneficial for growing endless fields of cheap sugar cane. Historically, our country has chosen to be mostly self-sufficient in the Sugar enterprise. Not just to give our own sugar-beet industry a go, but to keep from economic blackmail. YET… if we’re honest about it… those considerations have long expired in the New Era. Since the 1970s, acid-catalyzed corn sweetener has all but taken over domestic sweet-stuff production. And its cheaper by far than sugar even can hope to be. So… yah. Trade barriers. Often are historic. Well after the celebrated cause has expired. GoatGuy
Fact: The US does win 90% of the trade violation cases it brings before the WTO. But another fact: The US loses 90% of the trade violation cases other nations bring against it before the WTO. The former you hear constantly from the globalist-controlled media. But the latter? Hardly a peep.
So? In other words we are being a Normal Nation. So why not go all the way? Other nations do.
Should it come to that, I would check the YES box on the ballot. There are times when — like the British people mandating a break from EU membership — when the people can really be entrusted with The Vote. Democracy at its finest. We The People … do hereby solemnly decree … that we’ll no longer buy outrageously flawed JUNK from China, and ridiculously underpriced products from countries actively engaged in coöpting our own industries for their nefarious purposes! Yah. Sign me up. Just saying, [b]Goat[/b]Guy
The US is not totally innocent when it come to trade. Farm subsidies for instances. Then there are import restrictions. The US does not allow imports of sugar and bananas from Caribbean countries. The US talks about trade deficits when they are at the losing end but not when they are at the winning end.
I say we skip the tariff BS and go straight to outright import bans.
Yup. We bent over for the sake of Cold War bribery and took it up the âss. America’s heartland suffered greatly, as a result. It is long past time to ditch the Cold War strategic and economic policies. #AmericaFirst
China has cut BACK on directly subsidizing exports which are a clear violation of W.T.O guidelines” WTH? Is that ‘BACK’ word a typo? Or was ‘directly’ the typo? Here’s an easy way to deal with the WTO: Leave it.
That is fairly choice isn’t it? BACK and DIRECTLY. So… not eliminating (cut back) but also not directly subsidizing (but indirectly as it is easy). Great! Transparency! NOT.For power hungry manufacturing state subsidy of the consumed power isn’t counted as directly subsidizing””. Yet it is a major underwriting of costs. Same goes for people-intensive industries. Hiring from “”””agencies”””” instead of “”””employees”””” offloads whatever state subsidies are going into the agencies’ employees pockets in lieu of full-pay-at-market-price. Not reported. Same goes for the “”””ores and mining”””” industries”” which faithlessly record in excruciating detail all mining results and put world-market value on the ores”” tho’ they are traded at times almost-for-free thru state subsidies internally. Just saying.You hit the pig on its snout. GoatGuy”””””””
Ummm… 94{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of bananas consumed in the US come from Honduras Colombia El Salvador Guatemala Ecuador and Costa Rica. This because unlike the Caribbean islands the massive plantations properties are allowed to be OWNED by the producer corporations in these central American states. In the Caribbean islands similarly sized plantations have a distressing likelihood of being taken over by the state or fall into the hands of banditos. All too often. Sugar on the other hand is an ancient trade problem””. Not just the Caribbean”” but all Central American countries enjoy microclimates that are beneficial for growing endless fields of cheap sugar cane. Historically our country has chosen to be mostly self-sufficient in the Sugar enterprise. Not just to give our own sugar-beet industry a go but to keep from economic blackmail. YET… if we’re honest about it… those considerations have long expired in the New Era. Since the 1970s”” acid-catalyzed corn sweetener has all but taken over domestic sweet-stuff production. And its cheaper by far than sugar even can hope to be. So… yah. Trade barriers. Often are historic.Well after the celebrated cause has expired. GoatGuy”””””””
Fact: The US does win 90{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of the trade violation cases it brings before the WTO. But another fact: The US loses 90{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of the trade violation cases other nations bring against it before the WTO.The former you hear constantly from the globalist-controlled media. But the latter? Hardly a peep.
So? In other words we are being a Normal Nation. So why not go all the way? Other nations do.
Should it come to that I would check the YES box on the ballot. There are times when — like the British people mandating a break from EU membership — when the people can really be entrusted with The Vote. Democracy at its finest. We The People … do hereby solemnly decree … that we’ll no longer buy outrageously flawed JUNK from China and ridiculously underpriced products from countries actively engaged in coöpting our own industries for their nefarious purposes!Yah.Sign me up.Just saying[b]Goat[/b]Guy”
The US is not totally innocent when it come to trade. Farm subsidies for instances. Then there are import restrictions. The US does not allow imports of sugar and bananas from Caribbean countries. The US talks about trade deficits when they are at the losing end but not when they are at the winning end.
I say we skip the tariff BS and go straight to outright import bans.
Yup. We bent over for the sake of Cold War bribery and took it up the âss. America’s heartland suffered greatly as a result.It is long past time to ditch the Cold War strategic and economic policies. #AmericaFirst”
China has cut BACK on directly subsidizing exports which are a clear violation of W.T.O guidelines””WTH? Is that ‘BACK’ word a typo? Or was ‘directly’ the typo? Here’s an easy way to deal with the WTO: Leave it.”””
No nation goes all the way to totally restricting trade.” I said, “normal nation”. Tariff & non-tariff barriers to assure trade balance, not autarky. Why do you change things to make it seem like I said something different than that I was referring to?
The ENTIRE reason why the American sugar cane plantation owners in Hawaii overthrew the Queen was so they could petition to join the US to get past US sugar tariffs. Grover Cleveland saw right through the scam so they had to wait for him to leave office before they could join as a Territory.
The British West Indies have been far more stable than the Central American countries. And buying bananas for only one or two American companies that own plantains in Central America could not be good for the American consumers. These companies have caused the American military to invade Central American countries on a few occasions. I doubt that they paid for that. But whatever the reason I don’t care for pot calling kettle black.
No nation goes all the way to totally restricting trade. Restricting trade drives up prices and damages the economy. The best thing to do is try and reduce the tariffs and remove the restrictions by negotiations and to sign a trade treaty. If there are things you don’t like then renegotiate. You don’t attack first then ask to talk second. And by showing no respect for the treaty that already exist you tell the people you are trying to talk to that you also won’t respect the new treaty. BTW, American corporations had a lot of input into trade treaties and their major concerns was the protection of their IP properties and brands. No treaty, no protection.
No nation goes all the way to totally restricting trade.””I said”””” “”””normal nation””””. Tariff & non-tariff barriers to assure trade balance”””” not autarky. Why do you change things to make it seem like I said something different than that I was referring to?”””
The ENTIRE reason why the American sugar cane plantation owners in Hawaii overthrew the Queen was so they could petition to join the US to get past US sugar tariffs. Grover Cleveland saw right through the scam so they had to wait for him to leave office before they could join as a Territory.
The British West Indies have been far more stable than the Central American countries. And buying bananas for only one or two American companies that own plantains in Central America could not be good for the American consumers. These companies have caused the American military to invade Central American countries on a few occasions. I doubt that they paid for that. But whatever the reason I don’t care for pot calling kettle black.
No nation goes all the way to totally restricting trade. Restricting trade drives up prices and damages the economy. The best thing to do is try and reduce the tariffs and remove the restrictions by negotiations and to sign a trade treaty. If there are things you don’t like then renegotiate. You don’t attack first then ask to talk second. And by showing no respect for the treaty that already exist you tell the people you are trying to talk to that you also won’t respect the new treaty. BTW American corporations had a lot of input into trade treaties and their major concerns was the protection of their IP properties and brands. No treaty no protection.
Go Globalist!!
Go Globalist!!
As a side note, Iran just wanted to get away from sanctions and won the war agains tht the United States The EU slapped the once mightly US and created a vehicle to circumvent US sanctions
Yawn.. Another day of non-news? China will soon dump US bonds, the dollar and start to use yuan as currency They will buy all Iranian oil Trump can pump up USP GDP a little bit by piling up th e deficit but not go for long
As a side note Iran just wanted to get away from sanctions and won the war agains tht the United States The EU slapped the once mightly US and created a vehicle to circumvent US sanctions
Yawn.. Another day of non-news? China will soon dump US bonds the dollar and start to use yuan as currency They will buy all Iranian oil Trump can pump up USP GDP a little bit by piling up th e deficit but not go for long
Goat Guy as always sputters so much non-sense .. Really he is fully embued in the Make Amerca Great Again charade which is only making China great again.. What a non-sense.. In the mean time, Trump stands isolated at the UN on Iran when all the powers: Europe, Russia, China and virtually anyone else is cutting the US out. next we will have the dump of the US dollar and the rise of the Chinese Yuan . China is growing 7% with no debt added The US barely 3% with 7% debt added per year The dump of the US dollar will be the last straw and the last nail in the coffin The US imposes sanctions on China? China exports well less than 20% of the total eports to the US NO BIG DEAL! They are already the 1st economy The gap is widening Bye bye old US Welcome new China
Goat Guy as always sputters so much non-sense .. Really he is fully embued in the Make Amerca Great Again charade which is only making China great again.. What a non-sense.. In the mean time Trump stands isolated at the UN on Iran when all the powers: Europe Russia China and virtually anyone else is cutting the US out. next we will have the dump of the US dollar and the rise of the Chinese Yuan . China is growing 7{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} with no debt added The US barely 3{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} with 7{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} debt added per year The dump of the US dollar will be the last straw and the last nail in the coffin The US imposes sanctions on China? China exports well less than 20{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of the total eports to the US NO BIG DEAL! They are already the 1st economy The gap is widening Bye bye old US Welcome new China
China will soon dump US bonds, the dollar and start to use yuan as currency ” No they won’t. Because then all their dollar assets will plunge in value. Would you burn down your own house to make a political point? Well, you would. But other, sane people would not.
What ‘vehicle’? Any Euroweenie bank involved in trying to circumvent the sanctions will get hit with being cut off from the SWIFT system. No more conducting USD transactions. It’s not worth it.
China will soon dump US bonds” the dollar and start to use yuan as currency “”No they won’t. Because then all their dollar assets will plunge in value. Would you burn down your own house to make a political point?Well”” you would. But other”” sane people would not.”””
What ‘vehicle’?Any Euroweenie bank involved in trying to circumvent the sanctions will get hit with being cut off from the SWIFT system. No more conducting USD transactions. It’s not worth it.
Balance and tit for tat. Nothing wrong with matching tariffs with tariffs. Free trade cannot be reached unilaterally. Better trade scuffles than nuclear misdemeanors. China never had any intention to trade free or fair, just continue ripoffs scams and creating a toxic world as usual until dragon ready to fight real war. Then kid gloves come off and real China exposed.
Balance and tit for tat. Nothing wrong with matching tariffs with tariffs. Free trade cannot be reached unilaterally. Better trade scuffles than nuclear misdemeanors. China never had any intention to trade free or fair just continue ripoffs scams and creating a toxic world as usual until dragon ready to fight real war. Then kid gloves come off and real China exposed.
There is no such thing as unbalance trade unless you can accept losing 2% of the value of the unbalanced funds yearly. The money must be returned to the trading partner somehow most likely thru investments like stocks or bonds or thru purchasing of services.
There is no such thing as unbalance trade unless you can accept losing 2{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of the value of the unbalanced funds yearly. The money must be returned to the trading partner somehow most likely thru investments like stocks or bonds or thru purchasing of services.
There is no such thing as unbalance trade unless you can accept losing 2% of the value of the unbalanced funds yearly. The money must be returned to the trading partner somehow most likely thru investments like stocks or bonds or thru purchasing of services.
There is no such thing as unbalance trade unless you can accept losing 2{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of the value of the unbalanced funds yearly. The money must be returned to the trading partner somehow most likely thru investments like stocks or bonds or thru purchasing of services.
Balance and tit for tat. Nothing wrong with matching tariffs with tariffs. Free trade cannot be reached unilaterally. Better trade scuffles than nuclear misdemeanors. China never had any intention to trade free or fair, just continue ripoffs scams and creating a toxic world as usual until dragon ready to fight real war. Then kid gloves come off and real China exposed.
Balance and tit for tat. Nothing wrong with matching tariffs with tariffs. Free trade cannot be reached unilaterally. Better trade scuffles than nuclear misdemeanors. China never had any intention to trade free or fair just continue ripoffs scams and creating a toxic world as usual until dragon ready to fight real war. Then kid gloves come off and real China exposed.
There is no such thing as unbalance trade unless you can accept losing 2% of the value of the unbalanced funds yearly. The money must be returned to the trading partner somehow most likely thru investments like stocks or bonds or thru purchasing of services.
Balance and tit for tat. Nothing wrong with matching tariffs with tariffs. Free trade cannot be reached unilaterally. Better trade scuffles than nuclear misdemeanors. China never had any intention to trade free or fair, just continue ripoffs scams and creating a toxic world as usual until dragon ready to fight real war. Then kid gloves come off and real China exposed.
China will soon dump US bonds, the dollar and start to use yuan as currency ” No they won’t. Because then all their dollar assets will plunge in value. Would you burn down your own house to make a political point? Well, you would. But other, sane people would not.
China will soon dump US bonds” the dollar and start to use yuan as currency “”No they won’t. Because then all their dollar assets will plunge in value. Would you burn down your own house to make a political point?Well”” you would. But other”” sane people would not.”””
What ‘vehicle’? Any Euroweenie bank involved in trying to circumvent the sanctions will get hit with being cut off from the SWIFT system. No more conducting USD transactions. It’s not worth it.
What ‘vehicle’?Any Euroweenie bank involved in trying to circumvent the sanctions will get hit with being cut off from the SWIFT system. No more conducting USD transactions. It’s not worth it.
“China will soon dump US bonds, the dollar and start to use yuan as currency ”
No they won’t. Because then all their dollar assets will plunge in value. Would you burn down your own house to make a political point?
Well, you would. But other, sane people would not.
What ‘vehicle’?
Any Euroweenie bank involved in trying to circumvent the sanctions will get hit with being cut off from the SWIFT system. No more conducting USD transactions.
It’s not worth it.
Goat Guy as always sputters so much non-sense .. Really he is fully embued in the Make Amerca Great Again charade which is only making China great again.. What a non-sense.. In the mean time, Trump stands isolated at the UN on Iran when all the powers: Europe, Russia, China and virtually anyone else is cutting the US out. next we will have the dump of the US dollar and the rise of the Chinese Yuan . China is growing 7% with no debt added The US barely 3% with 7% debt added per year The dump of the US dollar will be the last straw and the last nail in the coffin The US imposes sanctions on China? China exports well less than 20% of the total eports to the US NO BIG DEAL! They are already the 1st economy The gap is widening Bye bye old US Welcome new China
Goat Guy as always sputters so much non-sense .. Really he is fully embued in the Make Amerca Great Again charade which is only making China great again.. What a non-sense.. In the mean time Trump stands isolated at the UN on Iran when all the powers: Europe Russia China and virtually anyone else is cutting the US out. next we will have the dump of the US dollar and the rise of the Chinese Yuan . China is growing 7{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} with no debt added The US barely 3{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} with 7{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} debt added per year The dump of the US dollar will be the last straw and the last nail in the coffin The US imposes sanctions on China? China exports well less than 20{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of the total eports to the US NO BIG DEAL! They are already the 1st economy The gap is widening Bye bye old US Welcome new China
As a side note, Iran just wanted to get away from sanctions and won the war agains tht the United States The EU slapped the once mightly US and created a vehicle to circumvent US sanctions
As a side note Iran just wanted to get away from sanctions and won the war agains tht the United States The EU slapped the once mightly US and created a vehicle to circumvent US sanctions
Yawn.. Another day of non-news? China will soon dump US bonds, the dollar and start to use yuan as currency They will buy all Iranian oil Trump can pump up USP GDP a little bit by piling up th e deficit but not go for long
Yawn.. Another day of non-news? China will soon dump US bonds the dollar and start to use yuan as currency They will buy all Iranian oil Trump can pump up USP GDP a little bit by piling up th e deficit but not go for long
Go Globalist!!
Go Globalist!!
No nation goes all the way to totally restricting trade.” I said, “normal nation”. Tariff & non-tariff barriers to assure trade balance, not autarky. Why do you change things to make it seem like I said something different than that I was referring to?
No nation goes all the way to totally restricting trade.””I said”””” “”””normal nation””””. Tariff & non-tariff barriers to assure trade balance”””” not autarky. Why do you change things to make it seem like I said something different than that I was referring to?”””
The ENTIRE reason why the American sugar cane plantation owners in Hawaii overthrew the Queen was so they could petition to join the US to get past US sugar tariffs. Grover Cleveland saw right through the scam so they had to wait for him to leave office before they could join as a Territory.
The ENTIRE reason why the American sugar cane plantation owners in Hawaii overthrew the Queen was so they could petition to join the US to get past US sugar tariffs. Grover Cleveland saw right through the scam so they had to wait for him to leave office before they could join as a Territory.
The British West Indies have been far more stable than the Central American countries. And buying bananas for only one or two American companies that own plantains in Central America could not be good for the American consumers. These companies have caused the American military to invade Central American countries on a few occasions. I doubt that they paid for that. But whatever the reason I don’t care for pot calling kettle black.
The British West Indies have been far more stable than the Central American countries. And buying bananas for only one or two American companies that own plantains in Central America could not be good for the American consumers. These companies have caused the American military to invade Central American countries on a few occasions. I doubt that they paid for that. But whatever the reason I don’t care for pot calling kettle black.
No nation goes all the way to totally restricting trade. Restricting trade drives up prices and damages the economy. The best thing to do is try and reduce the tariffs and remove the restrictions by negotiations and to sign a trade treaty. If there are things you don’t like then renegotiate. You don’t attack first then ask to talk second. And by showing no respect for the treaty that already exist you tell the people you are trying to talk to that you also won’t respect the new treaty. BTW, American corporations had a lot of input into trade treaties and their major concerns was the protection of their IP properties and brands. No treaty, no protection.
No nation goes all the way to totally restricting trade. Restricting trade drives up prices and damages the economy. The best thing to do is try and reduce the tariffs and remove the restrictions by negotiations and to sign a trade treaty. If there are things you don’t like then renegotiate. You don’t attack first then ask to talk second. And by showing no respect for the treaty that already exist you tell the people you are trying to talk to that you also won’t respect the new treaty. BTW American corporations had a lot of input into trade treaties and their major concerns was the protection of their IP properties and brands. No treaty no protection.
That is fairly choice, isn’t it? BACK and DIRECTLY. So… not eliminating (cut back), but also not directly subsidizing (but indirectly, as it is easy). Great! Transparency! NOT. For power hungry manufacturing, state subsidy of the consumed power isn’t counted as “directly subsidizing”. Yet it is a major underwriting of costs. Same goes for people-intensive industries. Hiring from “agencies” instead of “employees” offloads whatever state subsidies are going into the agencies’ employees pockets in lieu of full-pay-at-market-price. Not reported. Same goes for the “ores and mining” industries, which faithlessly record in excruciating detail all mining results, and put world-market value on the ores, tho’ they are traded at times almost-for-free thru state subsidies internally. Just saying. You hit the pig on its snout. GoatGuy
That is fairly choice isn’t it? BACK and DIRECTLY. So… not eliminating (cut back) but also not directly subsidizing (but indirectly as it is easy). Great! Transparency! NOT.For power hungry manufacturing state subsidy of the consumed power isn’t counted as directly subsidizing””. Yet it is a major underwriting of costs. Same goes for people-intensive industries. Hiring from “”””agencies”””” instead of “”””employees”””” offloads whatever state subsidies are going into the agencies’ employees pockets in lieu of full-pay-at-market-price. Not reported. Same goes for the “”””ores and mining”””” industries”” which faithlessly record in excruciating detail all mining results and put world-market value on the ores”” tho’ they are traded at times almost-for-free thru state subsidies internally. Just saying.You hit the pig on its snout. GoatGuy”””””””
Ummm… 94% of bananas consumed in the US come from Honduras, Colombia, El Salvador, Guatemala, Ecuador and Costa Rica. This, because unlike the Caribbean islands, the massive plantations properties are allowed to be OWNED by the producer corporations in these central American states. In the Caribbean islands, similarly sized plantations have a distressing likelihood of being taken over by the state, or fall into the hands of banditos. All too often. Sugar on the other hand is an ancient “trade problem”. Not just the Caribbean, but all Central American countries enjoy microclimates that are beneficial for growing endless fields of cheap sugar cane. Historically, our country has chosen to be mostly self-sufficient in the Sugar enterprise. Not just to give our own sugar-beet industry a go, but to keep from economic blackmail. YET… if we’re honest about it… those considerations have long expired in the New Era. Since the 1970s, acid-catalyzed corn sweetener has all but taken over domestic sweet-stuff production. And its cheaper by far than sugar even can hope to be. So… yah. Trade barriers. Often are historic. Well after the celebrated cause has expired. GoatGuy
Ummm… 94{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of bananas consumed in the US come from Honduras Colombia El Salvador Guatemala Ecuador and Costa Rica. This because unlike the Caribbean islands the massive plantations properties are allowed to be OWNED by the producer corporations in these central American states. In the Caribbean islands similarly sized plantations have a distressing likelihood of being taken over by the state or fall into the hands of banditos. All too often. Sugar on the other hand is an ancient trade problem””. Not just the Caribbean”” but all Central American countries enjoy microclimates that are beneficial for growing endless fields of cheap sugar cane. Historically our country has chosen to be mostly self-sufficient in the Sugar enterprise. Not just to give our own sugar-beet industry a go but to keep from economic blackmail. YET… if we’re honest about it… those considerations have long expired in the New Era. Since the 1970s”” acid-catalyzed corn sweetener has all but taken over domestic sweet-stuff production. And its cheaper by far than sugar even can hope to be. So… yah. Trade barriers. Often are historic.Well after the celebrated cause has expired. GoatGuy”””””””
Fact: The US does win 90% of the trade violation cases it brings before the WTO. But another fact: The US loses 90% of the trade violation cases other nations bring against it before the WTO. The former you hear constantly from the globalist-controlled media. But the latter? Hardly a peep.
Fact: The US does win 90{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of the trade violation cases it brings before the WTO. But another fact: The US loses 90{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of the trade violation cases other nations bring against it before the WTO.The former you hear constantly from the globalist-controlled media. But the latter? Hardly a peep.
So? In other words we are being a Normal Nation. So why not go all the way? Other nations do.
So? In other words we are being a Normal Nation. So why not go all the way? Other nations do.
Should it come to that, I would check the YES box on the ballot. There are times when — like the British people mandating a break from EU membership — when the people can really be entrusted with The Vote. Democracy at its finest. We The People … do hereby solemnly decree … that we’ll no longer buy outrageously flawed JUNK from China, and ridiculously underpriced products from countries actively engaged in coöpting our own industries for their nefarious purposes! Yah. Sign me up. Just saying, [b]Goat[/b]Guy
Should it come to that I would check the YES box on the ballot. There are times when — like the British people mandating a break from EU membership — when the people can really be entrusted with The Vote. Democracy at its finest. We The People … do hereby solemnly decree … that we’ll no longer buy outrageously flawed JUNK from China and ridiculously underpriced products from countries actively engaged in coöpting our own industries for their nefarious purposes!Yah.Sign me up.Just saying[b]Goat[/b]Guy”
The US is not totally innocent when it come to trade. Farm subsidies for instances. Then there are import restrictions. The US does not allow imports of sugar and bananas from Caribbean countries. The US talks about trade deficits when they are at the losing end but not when they are at the winning end.
The US is not totally innocent when it come to trade. Farm subsidies for instances. Then there are import restrictions. The US does not allow imports of sugar and bananas from Caribbean countries. The US talks about trade deficits when they are at the losing end but not when they are at the winning end.
I say we skip the tariff BS and go straight to outright import bans.
I say we skip the tariff BS and go straight to outright import bans.
Yup. We bent over for the sake of Cold War bribery and took it up the âss. America’s heartland suffered greatly, as a result. It is long past time to ditch the Cold War strategic and economic policies. #AmericaFirst
Yup. We bent over for the sake of Cold War bribery and took it up the âss. America’s heartland suffered greatly as a result.It is long past time to ditch the Cold War strategic and economic policies. #AmericaFirst”
China has cut BACK on directly subsidizing exports which are a clear violation of W.T.O guidelines” WTH? Is that ‘BACK’ word a typo? Or was ‘directly’ the typo? Here’s an easy way to deal with the WTO: Leave it.
China has cut BACK on directly subsidizing exports which are a clear violation of W.T.O guidelines””WTH? Is that ‘BACK’ word a typo? Or was ‘directly’ the typo? Here’s an easy way to deal with the WTO: Leave it.”””
Meanwhile, The Trump Negotiators have actively vetoed every new WTO judges that are put up. Soon, there will not be enough judges to hear any Trade cases. Those guys think ahead.
Meanwhile The Trump Negotiators have actively vetoed every new WTO judges that are put up. Soon there will not be enough judges to hear any Trade cases.Those guys think ahead.
I couldn’t agree more with you.
I couldn’t agree more with you.
Goat Guy as always sputters so much non-sense ..
Really he is fully embued in the Make Amerca Great Again charade which is only making China great again..
What a non-sense..
In the mean time, Trump stands isolated at the UN on Iran when all the powers: Europe, Russia, China and virtually anyone else is cutting the US out. next we will have the dump of the US dollar and the rise of the Chinese Yuan .
China is growing 7% with no debt added
The US barely 3% with 7% debt added per year
The dump of the US dollar will be the last straw and the last nail in the coffin
The US imposes sanctions on China? China exports well less than 20% of the total eports to the US
NO BIG DEAL!
They are already the 1st economy
The gap is widening
Bye bye old US
Welcome new China
Funny thing — trade wars — is that it definitely takes TWO to “tango”. Lest we so easily forget, recall that Prez Trump didn’t set out to impose economic tariffs on China’s (and Europe’s) export goods because we didn’t like the angle of their sideburns or fluffiness of their wigs. Truth be told, China and Europe’s states have long exercised their sovereign power to impose sometimes-steep, but always significant excise import tariffs on America’s exported goods. In ALL cases, the tariffs were branded “competitive leveling”. To allow their domestic production an uncontested economic advantage. Lest so easily forget. I like to remember what President Trump said a few months back — and I really think it captures the core of the situation — (loosely paraphrased) “I’d love to see an international trade situation where there are NO tariffs at all. We’ve been asking for decades that other countries pull down and eliminate their import duties and surcharges. They have not, and moreover, continue to impose steep taxes on our fine American products. Well… so long as they do, so shall we. I’m quite willing, TOMORROW, to tear down our newly imposed, and VERY FAIR tariffs, if the Other Guys will actually do the same. But since they’ve had the economic advantage for decades, it is encumbent on them to make the first really signicant move.” That is very loosely paraphrased. Yet, if one can just move past the anti-Trump media spin, it makes sense. Instead, fueled by a receptive (even doting!) world media that fauns over China’s magnificent socio-economic rise in the last 50 years, fueled by the media, China especially, but yes Europe’s countries too … have imposed additional “punitive tariffs” on US goods, EXACTLY as the media predicted. Its galling to read the poppycock that goes for economic analyses these days: that because America has had the intemerity to Impose Trade War Sanctions, she must be Evil, and her Commander-in-Chief, already thought of an evil-spiri
Funny thing — trade wars — is that it definitely takes TWO to tango””. Lest we so easily forget”” recall that Prez Trump didn’t set out to impose economic tariffs on China’s (and Europe’s) export goods because we didn’t like the angle of their sideburns or fluffiness of their wigs. Truth be told China and Europe’s states have long exercised their sovereign power to impose sometimes-steep but always significant excise import tariffs on America’s exported goods. In ALL cases”” the tariffs were branded “”””competitive leveling””””. To allow their domestic production an uncontested economic advantage. Lest so easily forget. I like to remember what President Trump said a few months back — and I really think it captures the core of the situation — (loosely paraphrased) “”””I’d love to see an international trade situation where there are NO tariffs at all. We’ve been asking for decades that other countries pull down and eliminate their import duties and surcharges. They have not”” and moreover continue to impose steep taxes on our fine American products. Well… so long as they do so shall we. I’m quite willing TOMORROW to tear down our newly imposed and VERY FAIR tariffs if the Other Guys will actually do the same. But since they’ve had the economic advantage for decades”” it is encumbent on them to make the first really signicant move.””””That is very loosely paraphrased.Yet”” if one can just move past the anti-Trump media spin it makes sense. Instead fueled by a receptive (even doting!) world media that fauns over China’s magnificent socio-economic rise in the last 50 years fueled by the media China especially”” but yes Europe’s countries too … have imposed additional “”””punitive tariffs”””” on US goods”” EXACTLY as the media predicted. Its galling to read the poppycock that goes for economic analyses these days: that because America has had the intemerity to Impose Trade War Sanctions she must be Evil and her Commander-in-Chief already t”
Putting band aids on the problem will not change anything as long as the policy of the Chinese communist party is to undercut the US on multiple levels including militarizing the S. China Sea. Until they start to see us as an economic and social partner (the same way the EU sees us) instead of a target and chumps to be taken advantage of then minor fixes will not be effective. It requires a policy alignment and agreement, not a quick fix.
Putting band aids on the problem will not change anything as long as the policy of the Chinese communist party is to undercut the US on multiple levels including militarizing the S. China Sea. Until they start to see us as an economic and social partner (the same way the EU sees us) instead of a target and chumps to be taken advantage of then minor fixes will not be effective. It requires a policy alignment and agreement not a quick fix.
As a side note, Iran just wanted to get away from sanctions and won the war agains tht the United States
The EU slapped the once mightly US and created a vehicle to circumvent US sanctions
Yawn..
Another day of non-news?
China will soon dump US bonds, the dollar and start to use yuan as currency
They will buy all Iranian oil
Trump can pump up USP GDP a little bit by piling up th e deficit but not go for long
Go Globalist!!
“No nation goes all the way to totally restricting trade.”
I said, “normal nation”. Tariff & non-tariff barriers to assure trade balance, not autarky. Why do you change things to make it seem like I said something different than that I was referring to?
The ENTIRE reason why the American sugar cane plantation owners in Hawaii overthrew the Queen was so they could petition to join the US to get past US sugar tariffs. Grover Cleveland saw right through the scam so they had to wait for him to leave office before they could join as a Territory.
The British West Indies have been far more stable than the Central American countries. And buying bananas for only one or two American companies that own plantains in Central America could not be good for the American consumers.
These companies have caused the American military to invade Central American countries on a few occasions. I doubt that they paid for that.
But whatever the reason I don’t care for pot calling kettle black.
No nation goes all the way to totally restricting trade. Restricting trade drives up prices and damages the economy. The best thing to do is try and reduce the tariffs and remove the restrictions by negotiations and to sign a trade treaty. If there are things you don’t like then renegotiate. You don’t attack first then ask to talk second. And by showing no respect for the treaty that already exist you tell the people you are trying to talk to that you also won’t respect the new treaty. BTW, American corporations had a lot of input into trade treaties and their major concerns was the protection of their IP properties and brands. No treaty, no protection.
That is fairly choice, isn’t it? BACK and DIRECTLY. So… not eliminating (cut back), but also not directly subsidizing (but indirectly, as it is easy). Great! Transparency! NOT.
For power hungry manufacturing, state subsidy of the consumed power isn’t counted as “directly subsidizing”. Yet it is a major underwriting of costs. Same goes for people-intensive industries. Hiring from “agencies” instead of “employees” offloads whatever state subsidies are going into the agencies’ employees pockets in lieu of full-pay-at-market-price. Not reported. Same goes for the “ores and mining” industries, which faithlessly record in excruciating detail all mining results, and put world-market value on the ores, tho’ they are traded at times almost-for-free thru state subsidies internally.
Just saying.
You hit the pig on its snout.
GoatGuy
Ummm… 94% of bananas consumed in the US come from Honduras, Colombia, El Salvador, Guatemala, Ecuador and Costa Rica. This, because unlike the Caribbean islands, the massive plantations properties are allowed to be OWNED by the producer corporations in these central American states. In the Caribbean islands, similarly sized plantations have a distressing likelihood of being taken over by the state, or fall into the hands of banditos. All too often.
Sugar on the other hand is an ancient “trade problem”. Not just the Caribbean, but all Central American countries enjoy microclimates that are beneficial for growing endless fields of cheap sugar cane. Historically, our country has chosen to be mostly self-sufficient in the Sugar enterprise. Not just to give our own sugar-beet industry a go, but to keep from economic blackmail.
YET… if we’re honest about it… those considerations have long expired in the New Era. Since the 1970s, acid-catalyzed corn sweetener has all but taken over domestic sweet-stuff production. And its cheaper by far than sugar even can hope to be.
So… yah.
Trade barriers.
Often are historic.
Well after the celebrated cause has expired.
GoatGuy
Fact: The US does win 90% of the trade violation cases it brings before the WTO.
But another fact: The US loses 90% of the trade violation cases other nations bring against it before the WTO.
The former you hear constantly from the globalist-controlled media. But the latter? Hardly a peep.
So? In other words we are being a Normal Nation.
So why not go all the way? Other nations do.
Should it come to that, I would check the YES box on the ballot. There are times when — like the British people mandating a break from EU membership — when the people can really be entrusted with The Vote. Democracy at its finest.
We The People … do hereby solemnly decree … that we’ll no longer buy outrageously flawed JUNK from China, and ridiculously underpriced products from countries actively engaged in coöpting our own industries for their nefarious purposes!
Yah.
Sign me up.
Just saying,
[b]Goat[/b]Guy
The US is not totally innocent when it come to trade. Farm subsidies for instances. Then there are import restrictions. The US does not allow imports of sugar and bananas from Caribbean countries. The US talks about trade deficits when they are at the losing end but not when they are at the winning end.
I say we skip the tariff BS and go straight to outright import bans.
Yup. We bent over for the sake of Cold War bribery and took it up the âss. America’s heartland suffered greatly, as a result.
It is long past time to ditch the Cold War strategic and economic policies.
#AmericaFirst
“China has cut BACK on directly subsidizing exports which are a clear violation of W.T.O guidelines”
WTH? Is that ‘BACK’ word a typo? Or was ‘directly’ the typo?
Here’s an easy way to deal with the WTO: Leave it.
Meanwhile, The Trump Negotiators have actively vetoed every new WTO judges that are put up. Soon, there will not be enough judges to hear any Trade cases.
Those guys think ahead.
I couldn’t agree more with you.
Funny thing — trade wars — is that it definitely takes TWO to “tango”.
Lest we so easily forget, recall that Prez Trump didn’t set out to impose economic tariffs on China’s (and Europe’s) export goods because we didn’t like the angle of their sideburns or fluffiness of their wigs. Truth be told, China and Europe’s states have long exercised their sovereign power to impose sometimes-steep, but always significant excise import tariffs on America’s exported goods. In ALL cases, the tariffs were branded “competitive leveling”. To allow their domestic production an uncontested economic advantage.
Lest so easily forget.
I like to remember what President Trump said a few months back — and I really think it captures the core of the situation — (loosely paraphrased) “I’d love to see an international trade situation where there are NO tariffs at all. We’ve been asking for decades that other countries pull down and eliminate their import duties and surcharges. They have not, and moreover, continue to impose steep taxes on our fine American products. Well… so long as they do, so shall we. I’m quite willing, TOMORROW, to tear down our newly imposed, and VERY FAIR tariffs, if the Other Guys will actually do the same. But since they’ve had the economic advantage for decades, it is encumbent on them to make the first really signicant move.”
That is very loosely paraphrased.
Yet, if one can just move past the anti-Trump media spin, it makes sense.
Instead, fueled by a receptive (even doting!) world media that fauns over China’s magnificent socio-economic rise in the last 50 years, fueled by the media, China especially, but yes Europe’s countries too … have imposed additional “punitive tariffs” on US goods, EXACTLY as the media predicted. Its galling to read the poppycock that goes for economic analyses these days: that because America has had the intemerity to Impose Trade War Sanctions, she must be Evil, and her Commander-in-Chief, already thought of an evil-spirited buffoon, is RESPONSIBLE.
Nothing could be further from the truth.
For over 40 years, China, Japan, Korea, India, Europe’s states, have imposed heavy import taxes on imports. The EU established a “cozy brotherhood” relationship between EU’s states to nearly eliminate their internal tariff system. But not so to non-EU memebers. And so it has gone.
I’m pleased with our “well, NO MORE” geopolitical position on this.
And like Trump, I’m waiting for the loud (whiny) trade war nations to belly up to the negotiating table.
And eliminate THEIR tariffs first.
Why not?
Its long overdue!
GoatGuy
Putting band aids on the problem will not change anything as long as the policy of the Chinese communist party is to undercut the US on multiple levels including militarizing the S. China Sea. Until they start to see us as an economic and social partner (the same way the EU sees us) instead of a target and chumps to be taken advantage of then minor fixes will not be effective. It requires a policy alignment and agreement, not a quick fix.