Tariff Man and his tariff plan cause market plunges

He's retaliating because they retaliated after he pushed for correcting our huge $300-billion-a-year bilateral trade deficit with China. Originally Posted by HDGristle

FTFY, Gristle.

Did he fix it, though? Not so far

As for Devo... no, son, I don't know the nearest soybean farm to me but I do have friends in York and Lancaster that have been bitching up a storm about how Trump's trade war is royally fucking them. And I passed some in Ohio recently.

Thanks for asking, though.

Lusty, no bonus questions accepted from you until you finish your reading assignment

Did he fix it, though? Not so far Originally Posted by HDGristle

He's starting to "correct" it, not make it disappear altogether overnight. Think trajectory, Gristle.

It's down from a record $420 billion in 2018, the year trump first started imposing tariffs on China. Have you even examined the numbers?

US imports from China in 2018: $540 billion
US exports to China in 2018: $120 billion

In other words, back in 2018 we bought 4-1/2 times as much merchandise from China as it purchased from us. Pretty damn lopsided if you ask me.

But you don't seem very concerned about these things. You seem to believe such massive imbalances can continue indefinitely.

You shot your wad on that dozens of pages ago.

Since then, the Chinese haven't bought any soybeans from us, among many other things that have increased that deficit. If I were you I'd be more concerned with our budget deficit and borrowing.

You shot your wad on that dozens of pages ago. Originally Posted by HDGristle

Naah, I merely posed a question that's extremely salient to any serious discussion of tariffs and trade. You never answered it. No wad to shoot, huh?

But everyone deserves a second chance. Here's the question again:

What steps would YOU take to reduce our $1.2 trillion annual deficit in goods exchanges with the rest of the world? Any ideas? Tell us exactly how you think we can increase our exports and curtail our imports. Extra credit if you can propose ways to do it without ruffling the feathers of our major trading partners.

Or don't offer any constructive ideas, if that's your wont. Just keep playing Debbie Downer... oof! Originally Posted by lustylad

Go ahead, Gristle. Give it a (wad) shot!

Since then, the Chinese haven't bought any soybeans from us, among many other things that have increased that deficit. If I were you I'd be more concerned with our budget deficit and borrowing. Originally Posted by HDGristle

Crunch the numbers, Gristle. Soybean exports are obviously important to our farmers, but if the Chinese stop buying them from us it doesn't add materially to our bilateral trade deficit. In the year I just cited (2018), soybeans accounted for only $3.1 billion of total US exports to China. By comparison, our bilateral trade deficit for that year was $420 billion.

Start another thread if you are genuinely concerned "with our budget deficit and borrowing." I welcome it, especially if you have any constructive ideas to offer there. The trouble is - I don't think you care about anything other than attacking trump. But please feel free to prove me wrong on that point.

You haven't done the reading... or you would be focusing on 2004 instead of 2018

In the meantime, JV went out yesterday to try to say that this is more TACO in advance of the meeting at the end of the month.

Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!! President DJT


BAHAHAHA

You haven't done the reading... or you would be focusing on 2004 instead of 2018 Originally Posted by HDGristle

2004 was 21 years ago. But go ahead, pick a year and crunch the numbers - imports, exports, deficits, whatever. Use the actual Commerce Dept. data to make your point. No more glib talking points, meaningless generalizations, or cheap trump put-downs. Learn how to draw conclusions from the actual numbers, for a change.

I'm ready when you are.

Clearly not, as you should recognize the year as important for the trade deficit from the data I gave you. My goalposts aren't negotiable.

Alas, we'll have to stick with the glibness since Tariffman's walking back his latest tantrum tariffs already

https://www.rawstory.com/trump-tarif...na-2674181165/

Clearly not, as you should recognize the year as important for the trade deficit from the data I gave you. My goalposts aren't negotiable. Originally Posted by HDGristle

You didn't give my any data. You avoid data like the plague.

"My goalposts aren't negotiable." Wtf does that even mean?

Stop posting nonsense, Gristle. Man up for a change. Speak clearly and coherently. Not just for me, but for everyone reading this. You have 109k views for this thread. Were on post #1150.

What are you trying to say? What's your point? Do you have any clue how to reduce our $1.2-trillion global trade deficit?

Go back to 1105, Lusty. Now connect to 2004 to 2024 trade data and things like the U.S./Brazil/China Soybean triangle and why China has been well positioned to maximize the pain on key U.S. exports.

Until you do the reading, I'm not interested

Now, back to the topic.



Did you buy the dip from the Friday tantrum in time for today's TACO bump? Have you noticed the timing yet on his tariff threats?

https://finance.yahoo.com/news/dow-f...220945739.html

Go back to 1105, Lusty. Now connect to 2004 to 2024 trade data and things like the U.S./Brazil/China Soybean triangle and why China has been well positioned to maximize the pain on key U.S. exports.

Until you do the reading, I'm not interested

Now, back to the topic.



Did you buy the dip from the Friday tantrum in time for today's TACO bump? Have you noticed the timing yet on his tariff threats?

https://finance.yahoo.com/news/dow-f...220945739.html Originally Posted by HDGristle

2004? what does that have to do with now? thems some stale breadcrumbs sport.



I glanced over your post. has nothing to do with 2004. is this what you call a strawman argument?



as far as your goal posts they don't exist. they are invisible.

2004? what does that have to do with now? thems some stale breadcrumbs sport.



I glanced over your post. has nothing to do with 2004. is this what you call a strawman argument?



as far as your goal posts they don't exist. they are invisible. Originally Posted by The_Waco_Kid

I think Trump was banging Marla Maples in 2004, not collecting billions in tariffs like he’s doing now.

Double

Here's a hint, boys. % of GDP. Why you need to widen your perspective instead of just focusing on the total value of the trade deficit.

Anyone care to map this against increases to the tariff schedule?

Can anyone point to tariff increases leading to long, sustained increases in U.S. manufacturing employment? In Ag?

What percentage of daily forex is USD? What is the avg daily trade in USD? How does that compare to the total annual trade deficit?

Until you have answers for those you're not even remotely ready to have real discussions about this let alone solve the trade deficit (which isn't even agreed upon as a problem) on a hooker board.