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166
Economy US Imposes 19% Tariff on Thailand in Major Trade Shift
Ok. Congratulations on your not being a part of the majority of male US nationals who are obese. Yes, the USA is "big" and yes it has buying power. No one has ever denied, nor ignored that. However, the US economy DEPENDS on several factors which you either do not know of or appreciate the importance of. - Access to low cost raw materials and commodities. It can be basic metals or softwood lumber. The USA does not have the capacity to replace these commodities. What happens to US farms if they can no longer access low cost Canadian potash? It is the most important ingredient of fertilizers and without it, US agriculture will not be able to have efficiency of production and in some case be unable to grow crops. The USA was once an energy provider to China. No more. China is purchasing its oil and gas from Canada now. - The US economic driver is its SERVICES. The sale of foreign services is what propels and supports the US economy. Unlike commodities or manufactured goods, foreign markets can disengage much faster and much easier from US based service providers. No one needs the Bank of America, or Chase or Wells Fargo, or even MasterCard. There are alternatives. When the USA imposed financial restrictions on Russia, the country avoided the sanctions because there are alternative financial services. It isn't easy, but it can be done. Look at Thailand and it is non US based financial services companies who are now losing market share. Union Pay has 56% +of the world's credit card market now. It is 100% Chinese state owned. Lineman Rabbit Pay is an indirect subsidiary of Japan's SoftBank. JCB is Netherlands based. Thailand relies on non US financial service providers. There are not yet actual tariff deals. There are working agreements. The Japanese and South Korean "agreements" have been interpreted differently by those countries and the USA. Trump says they will invest $billions in the USA, but the commitments are just words. The EU tariff deal is not yet approved by the EU. The USA doesn't have a tariff agreement with Canada, and Canada is its largest export market. Yes, the USA is collecting Tariffs now. Whether it will be able to push these countries around in 3-5 years is something else. You are oblivious to the changes that are coming, just as you are oblivious to the fact that the US consumer will be paying the tariffs. If the USA could have replaced the imports, it would have done so long ago. It's a basic as knowing that there are not enough sawmills or storage or processing capacity including labor to replace Canadian softwood imports. The USA cannot generate low cost electricity, which is why it purchases it from Canada. US consumers may very well see a 10% -15% export tariff added to their imported electricity and it would still be more cost effective than US sourced electricity. The USA purchases critical pharmaceutical medications from the EU because it is not cost effective to manufacture them in the USA etc. -
8
Clam Chowder
Loves the Op's @GammaGlobulin post on Clam Chowder. I like it but has anyone here ever tried Cullen Skink? https://en.wikipedia.org/wiki/Cullen_skink A delicious and thick Scottish soup/chowder. Available in cans made by Baxters in the UK. I would love to travel to Cullen and try the real thing. Any Scots here who can comment on comparison with chowder? -
110
USA US Welcomes Qatari Gift: Fiery Debate Over New Air Force One
Is the broken heart an extra loud howl? -
350
Is Trump actually doing a better job than you expected?
I’m old enough to remember when “the news” was something more than the propaganda wing of the Democrat party. -
260
Winning
President Donald Trump’s approval ratings have dropped to 37% among American adults, according to Gallup, with support among independents slipping to just 29%. The poll was conducted July 7-21 with a margin of error of ±4 percentage points. The Gallup poll decline is largely attributed to growing dissatisfaction with his handling of key issues such as the federal budget and immigration policy. -
350
Is Trump actually doing a better job than you expected?
Trump's answer will be to fire the Gallup people. "Fake news!" President Donald Trump’s approval ratings have dropped to 37% among American adults, according to Gallup, with support among independents slipping to just 29%. The poll was conducted July 7-21 with a margin of error of ±4 percentage points. The Gallup poll decline is largely attributed to growing dissatisfaction with his handling of key issues such as the federal budget and immigration policy.
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