TARIFFS

[HONDO74]

GM joins vociferous opposition to Trump’s auto tariff push
https://www.politico.com/story/2018/06/ ... ics-662220

Chevy Blazer is coming back -- and it'll be made in Mexico
https://www.cbsnews.com/news/chevy-blaz ... in-mexico/

DETROIT — General Motors is bringing back the Chevrolet Blazer, which last sold in the United States 14 years ago, but the automaker's decision to build the SUV in Mexico is not sitting well with the United Auto Workers Union.

"This news that the iconic Blazer nameplate will be built in Mexico is disappointing to UAW families and communities across this country," stated Terry Dittes, vice president at the UAW. "GM employs over 15,000 production workers in Mexico, pays the workers less than $8 per hour and exports over 80 percent of the vehicles to the U.S. to sell here. This is all happening while UAW-GM workers here in the U.S are laid off and unemployed."

[robert.]

Some day the the gringos will sneak across into Mexico for a job

[CWBurfle]

This morning's headlines say that Canada is imposing retaliatory tariffs and that "G.M. says New Trump Tariffs Could Force U.S. job cuts".

Honestly, I had always wondered why the U.S. didn't use more tariffs to protect US jobs / industry. The "experts" said that overall they weren't good for our economy. We will see how this all plays out.
All I know is that my retirement funds lost value for two weeks in a row now, and are only up slightly since the first of the year. I don't have much in the way of historical records, but I am fairly certain that I did better with the previous administration.

[robert.]

How will this new tariff money be spent?

[CWBurfle]

How will this new tariff money be spent?

Might pay for golf.

[Mitch]

The whole world wants "free" trade, just as long as the US takes it on the chin. Nobody wants a trade war, including the current administration. What we're lookin' for here is equality; but the rest of the world wants a leg up. It wouldn't piss me off if the US put the tariffs back where they were, but then block all imports completely with an embargo. It would hurt a lot of American companies temporarily, (Walmart, Target, etc.), but the other countries would change their tune in a hurry, as they need us more than we need them. And never underestimate the power of American business to ramp up and fill the void in a time of need. (Greed is a powerful motivator). Companies are starting to return to the US for manufacturing, and with the deregulation that's in place now, (ie: government red tape and environmental laws), it will become profitable to manufacture products here in the states. Even the foreign car manufacturers are building the plants here. Mercedes exports 60% of the US made cars. As for GM, (like the other domestic car makers), they're a cry baby that's looking for government sympathy. Maybe they've forgotten that the administration changed in January of '17?

[HONDO74]

How will this new tariff money be spent?

Might pay for golf.

Or 2 more Aircraft carriers so we can continue to be the wold police force and protect the rest of the world from themselves.

UPDATED: Navy, Newport News Taking Steps Towards Two-Carrier Buy
https://news.usni.org/2018/03/19/navy-n ... arrier-buy

China will be building more carriers thanks to the American people buying all the Chinese crap made with slave labor.

[HONDO74]

As Mitch stated. They need us more that we need them.

the United States remains more insulated from a trade shock than other countries. Exports account for just 12 percent of American gross domestic product. That’s the lowest share among the 35 members of the Organization for Economic Cooperation and Development, a group of industrialized countries. By contrast, the figure is 31 percent in Canada, 37 percent in Mexico and 44 percent in the European Union.

Take a look at the Unemployment rate in Europe. Notice the countries with the highest are those were the migrants are coming to first.
https://www.statista.com/statistics/268 ... countries/

[CWBurfle]

As Mitch stated. They need us more that we need them.

the United States remains more insulated from a trade shock than other countries. Exports account for just 12 percent of American gross domestic product. That’s the lowest share among the 35 members of the Organization for Economic Cooperation and Development, a group of industrialized countries. By contrast, the figure is 31 percent in Canada, 37 percent in Mexico and 44 percent in the European Union.

Take a look at the Unemployment rate in Europe. Notice the countries with the highest are those were the migrants are coming to first.
https://www.statista.com/statistics/268 ... countries/

No concern over what we import?
On a retail level, how much of what we buy is made here?

[Rufus T. Firefly]

Exports account for just 12 percent of American gross domestic product. That’s the lowest share among the 35 members of the Organization for Economic Cooperation and Development............

Maybe we should make better products that people actually want in other countries and in those markets?

[HONDO74]

Exports account for just 12 percent of American gross domestic product. That’s the lowest share among the 35 members of the Organization for Economic Cooperation and Development............

Maybe we should make better products that people actually want in other countries and in those markets?

They can get the same thing from China a lot cheaper...

[Rufus T. Firefly]

Exports account for just 12 percent of American gross domestic product. That’s the lowest share among the 35 members of the Organization for Economic Cooperation and Development............

Maybe we should make better products that people actually want in other countries and in those markets?

They can get the same thing from China a lot cheaper...

Well, if we're not going to bother to compete by making a better quality product, then there's nothing to complain about; it's game over.

[robert.]

Do movies get considered as an export? Or the super bowl coverage ?

[HONDO74]

Maybe we should make better products that people actually want in other countries and in those markets?

They can get the same thing from China a lot cheaper...

Well, if we're not going to bother to compete by making a better quality product, then there's nothing to complain about; it's game over.

The problem is the Chinese copy everything we come up with. And the American companies that have products made there have taught the Chinese how to make quality products. I am not saying give up, it's not a level playing field. Years ago Chinese tools were crap quality. Not any more.

About 12 years ago I bought a Milwaukee angle drill at Lowe's for almost $200 dollars. We had a place here in town that was kind of like a small Harbor Freight. We called it the Hong Kong Mall They had a copy of the drill I bought for $35 dollars. My brother bought one and quality wise it is identical to the Milwaukee.

[HONDO74]

Do movies get considered as an export? Or the super bowl coverage ?

Movies are a big deal in China and for Hollywood. First run movies at the theater bring in big bucks for Hollywood, but when the DVD is released they get copied and sold on the street.

China now has it's own studios and they are making their own movies. Even Hollywood has invested in them. The movie "The Great Wall" with Matt Damon was filmed in China. Universal was involved with it.