Trump slaps tariffs on $200 billion in Chinese goods, spares some consumer tech

[underlordcthulhu]

On 9/19/2018 at 5:01 PM, JeffreyO said:

Well, let's add it up.  Here's a few off the top of my head.

1) He wants to end the diversity visa program (lottery visa).

2) He wants to switch to a point based system which limits options for impoverished or those without education.

3) He wants to stop legal immigration from certain countries.

4) He wants to end migrant visa programs.

5)  https://psmag.com/social-justice/how-trump-is-trying-to-reduce-legal-immigration

6) He wants to make it impossible for many who are in the US legally to obtain a green card.

7) He is reducing the amount of asylum seekers able to be approved.

 

I mean, the list goes on but sorry buddy, you're wrong.

Looks like a great little list of priorities to me.

[impulse]

On 9/18/2018 at 7:19 PM, Srikcir said:

US-based manufacturing will become a victim too.

• Harley is moving manufacturing to Thailand and Europe.
• 1,500 jobs at three Arkansas-based tire cord manufacturing plants will close their plants unless they can get relief from the Trump administration's steel tariffs.
• Mid Continent Nail Corporation in Poplar Bluff, Missouri will have to lay off 200 workers—about 40 percent of its workforce—before Labor Day due to increased steel prices created by Trump's tariffs.

https://reason.com/blog/2018/06/25/harley-davidson-will-shift-manufacturing

• Washington state-based REC Silicon, which produces poly-silicon for solar equipment, laid off 100 employees as a “direct result of the ongoing solar trade dispute between China and the United States.

http://fortune.com/2018/07/05/trump-tariffs-us-layoffs/

 

And for every job lost to the tariffs, 3 will be created.  That's the nature of any change in trade policy.  There will be winners and there will be losers.  Just looking at one side isn't good journalism.

 

[stevenl]

8 minutes ago, impulse said:

 

And for every job lost to the tariffs, 3 will be created.  That's the nature of any change in trade policy.  There will be winners and there will be losers.  Just looking at one side isn't good journalism.

 

Where did you get that from?

[candide]

44 minutes ago, garyk said:

Everything I have read about this reciently says it is about stopping China from getting it's hands on the latest technology. Whoever has the next generation Technology will come out way ahead. China want's it and America is handing it over by the buckets for free. 

I bet this was coming for a long time and Trump just jump started it.  

A lot of people talking about it say there will be no talks with China what so ever that amounts to much. America does not want to talk they want the high tech companies to stop doing business with China period. America will keep raising the tariff's until it not profile to do business in China.

No doubt many companies will suffer in America. But, it should do a world of good for America in the long run.

 

There are several problems with China, but the technology is not handed for free. Chinese companies are given access to technologies, but not for free. They have to pay royalties for that. For example, Qualcomm or Ericsson get royalties on every phone produced in China (or elsewhere). Qualcomm gets around 15$ for each new generation phone produced.

 

The technology transferred for free is rather the production knowledge that Chinese get from co-producing with, or producing for, foreign firms. It is also not really for free as it is in exchange of access to markets and government procurements.

[simple1]

44 minutes ago, garyk said:

Everything I have read about this reciently says it is about stopping China from getting it's hands on the latest technology. Whoever has the next generation Technology will come out way ahead. China want's it and America is handing it over by the buckets for free. 

I bet this was coming for a long time and Trump just jump started it.  

A lot of people talking about it say there will be no talks with China what so ever that amounts to much. America does not want to talk they want the high tech companies to stop doing business with China period. America will keep raising the tariff's until it not profile to do business in China.

No doubt many companies will suffer in America. But, it should do a world of good for America in the long run.

 

China has and is investing very heavily in hi tech industry, in some sectors forecast to outperform the USA within ten years. IMO Trump has underestimated Chinese capability to take him on diplomatically and respond to his trade war. Not at all comfortable Trump can handle unexpected consequences.

[bristolboy]

1 hour ago, impulse said:

 

And for every job lost to the tariffs, 3 will be created.  That's the nature of any change in trade policy.  There will be winners and there will be losers.  Just looking at one side isn't good journalism.

 

 So not only will the workers be paid higher wages but they will be less productive as well?