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1   CornPoptheOriginalGangster   ignore (5)   2019 Sep 1, 8:29pm     ↓ dislike (0)   quote   flag        

Wonderful. There's not a damned thing China can do about it, except come to the table.

There's absolutely no reason why the Chinese and their customers in the USA shouldn't pay extra taxes on a brutal Authoritarian regime that is infamous for Organ Harvesting, Free Press and Free Religion and Free Speech Restrictions, "Social Credit Scores", 19th Century Working Conditions, and Environmental Degradation that hasn't been seen in the World since the Black Country in the mid 1800s.
3   Tenpoundbass   ignore (15)   2019 Sep 2, 6:44am     ↓ dislike (0)   quote   flag        

Behold the quality of Made in the USA
5   Tenpoundbass   ignore (15)   2019 Sep 2, 10:51am     ↓ dislike (0)   quote   flag        

tovarichpeter says
Consumers will be hit closer to home


Consumers will buy quality lasting products and our fascination with cheap disposable crap will be a thing of the past.

Name one heirloom that you bought made after 1990 that would be something you could pass along to your kids.

Name one thing you bought in 1990, that you still have and it works.
Other than Real Estate.
6   Tenpoundbass   ignore (15)   2019 Sep 2, 10:54am     ↓ dislike (0)   quote   flag        

If China didn't end up making 90% of the world's computer devices, and they were still made in America.
People would still be using an ATX case they bought in 1997, and the Mother Boards would be fixtures where you change a daughter board to upgrade.
Our fascination with Chinese disposable crap has created the Plastic floating States in our Oceans, they created the toxic E-waste zones and have contributed to most of the world's pollution.

The E-Waste would have been a problem, we would have been compelled and on the hook to solve. But because it was in China, India and Africa we didn't have to worry about it. And because we didn't make it, it was not concern of ours, that other countries were killing themselves with E-waste.
8   SunnyvaleCA   ignore (0)   2019 Sep 2, 2:40pm     ↓ dislike (0)   quote   flag        

Tenpoundbass says
Our fascination with Chinese disposable crap has created the Plastic floating States in our Oceans
That's not true. While US creates, uses, and disposes of a lot of plastic on a per-person basis, the US does a great job at keeping that waste plastic out of the oceans.

There are many sources of information, but here is an example one from a source that loves to put the USA in a bad light: https://www.earthday.org/2018/04/06/top-20-countries-ranked-by-mass-of-mismanaged-plastic-waste/
9   SunnyvaleCA   ignore (0)   2019 Sep 2, 3:11pm     ↓ dislike (0)   quote   flag        

Tenpoundbass says
The E-Waste would have been a problem, we would have been compelled and on the hook to solve. But because it was in China, India and Africa we didn't have to worry about it. And because we didn't make it, it was not concern of ours, that other countries were killing themselves with E-waste.

Apple Inc is doing some neet things to recycle iPhone parts and also be better for landfills. I suppose it's an economy of scale advantage of having a huge number of phones spread over a small number of models.

https://www.theverge.com/2018/4/19/17258180/apple-daisy-iphone-recycling-robot
10   CornPoptheOriginalGangster   ignore (5)   2019 Sep 2, 7:41pm     ↓ dislike (0)   quote   flag        

President Trump rattled Wall Street last week when he ordered U.S. firms to move production out of China.

But, in conference calls with investors just this past month, dozens of chief executives have signaled plans to further diversify their supply chains away amid the intensifying trade war.

Toymaker Hasbro, personal care company L Brands, and fashion designer Steven Madden have all outlined plans to substantially reduce their reliance on Chinese manufacturing in the next few years.

https://www.cnbc.com/2019/09/01/trump-ordered-us-firms-to-ditch-china-but-many-already-have.html
13   CornPoptheOriginalGangster   ignore (5)   2019 Sep 2, 8:06pm     ↓ dislike (0)   quote   flag        

Next Steps after Punitive Tariffs:


In his recent article, How Not to Restore American Industry, commentator David P. Goldman criticizes the Baldwin-Hawley bill, also known as the Competitive Dollar for Jobs and Prosperity Act, which was introduced into the Senate earlier this month. The bill would provide the Federal Reserve Bank with a third mandate, achieving and maintaining a current account balance (trade balance) through exchange rate management.

Goldman’s article is thoughtful and entertaining, yet he misses several crucial points about how the modern global economy operates, and this leads him to overlook the importance of currency. It is also notable that Goldman is a columnist for Asia Times, a newspaper based in Hong Kong which has managed its exchange rate for decades.

The most important insight contained in Baldwin-Hawley is that the US dollar suffers from overvaluation not because of currency manipulation but because of currency misalignment. It is a critical distinction. The scale and importance of currency misalignment in today’s economy is explained in the writings of John Hansen, the former World Bank economist who developed the idea of the Market Access Charge (MAC). The MAC is a tool to manage excessive capital inflows that cause dollar misalignment by driving its exchange price above competitive levels.

Manipulation occurs when a government deliberately and intentionally acts to lower the value of its currency to gain an unfair competitive advantage. Misalignment, on the other hand, is the result of the US absorbing too much of the world’s global capital glut. It is the result of currency market failure in that currencies are supposed to adjust to balance trade. Instead, they are today adjusting in response to capital flows. There is no evil genius at work, just the impersonal forces of thousands of decisions made daily, even hourly, by international investors, some government-owned and most privately-owned. Since international capital markets were freed up, beginning in the 1970s, the volume of capital moving around the world’s financial markets has grown tremendously, reaching trillions of dollars a day in foreign exchange, and trillions more of stocks and bonds crossing borders each month. The dollar is the world’s most popular currency. It is used as a reserve currency by government-owned central banks, it is used for international trade in goods like oil and wheat, and dollar assets are bought and sold for investment and speculation by thousands of investment firms all over the world.
https://www.prosperousamerica.org/why_we_need_baldwin_hawley_currency_reform_now
14   CornPoptheOriginalGangster   ignore (5)   2019 Sep 3, 1:01pm     ↓ dislike (0)   quote   flag        

Trump's Trade War is overwhelmingly popular, with 2/3rd of America in Support.

Imagine Elected Officials doing the will of the People, not the Corporations and Foreign Lobbyists!

https://thehill.com/policy/finance/459746-poll-voters-want-us-to-confront-china-over-trade?amp&__twitter_impression=true

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