What is the logic for not liking Tariffs ? Do you know how much Tarrifs India has on US goods ? It is not a matter of taxing US citizens or Foreingn companies .. It is a matter of creating a better global trade system .. like a better global village .. you got to use both - carrot and the stick ...
Discussion
Search "ricardian economics" or "comparative advantage"
Of course, there's more to be said than just the theory, but get the theory first.
Or at least read Bastiat:
I know .. all those rules apply to US .. how about setting some non Tarrifs rules on EU .. or China or India .. I am sympathetic to smaller developing nations .. n but if go by your theory .. they too are harming themselves by imposing Tarrifs on US goods (services) .. or Chinese .. right ?
The only reasonable tariff is 0.
EU is no better, btw
That is exactly what Trump is doing ... The goal of Tarrifs are simple
1) Lead world towards no government intervention in Trade.
2) Open unfettered access to Americal businesses (big or small) across the globe
3) Put a minimum Tarrifs on countries that exploit labor to produce cheapo goods .. These nations have no laws of their own and they allow American corps (read Apple and Nike) to exploit their labor .. Which in turn undermines American Manufacturing .
4) Push nations to stop wars (eg India supporting Russia) .. Time and again we have seen , Sanctions don't wok .. Tarrifs do
And here is another fact - Only TRUMP can do it ..
kinda don't get the part that 0 is the goal. it's not what he's doing.
you can rationalize this BS all day long
Theories are great .. till we hit a real world example .. then lets just talk specifics ..
Why does India has 50 billion (per year ) trade surplus with US ? Is it like US has nothing to offer ? Btw - just FYI .. India imposes 150 percent Tarrifs on US Auto and Whiskey .. I mean I can still live without a Ford Truck but without Jack Daniels .. give me a break :-) ..Or straight up Bourbon ...
That's by design. Our government spends too much, and it's only possible because other countries keep buying our dollars. Its only a trade deficit if you don't understand that dollars are the good we produce and you demand. If no one wanted dollars, our economy would hyperinflate because the domestic economy can't absorb that many dollars. So, on the one hand, thank you ; on the other hand, please stop. The tariff makes no difference to me - stop buying our dollars.
Okay .. I understand that .. so you want us to keep making dollars and keep adding to debt ?
Or Do you want us to stand on our feet ( manufacturing ) ?
Idk, you do you man. There's pros and cons to either.
Are you actually in India? What's the situation like between the states and the federal government? Its a federal entity, right? How autonomous are the states? Could they buy bitcoin without federal approval? Could cities? Are the cities and/or states buying gold? I know India loves gold, but I don't know if that's all the government levels or just one or just the people buying it. But most curious if they could get bitcoin.
The tariffs are also a way to force countries to buy American debt via treasury bonds. No thanks.
You chose to hollow out your own industrial companies become a consumer and now bleating about the debt. The debt is 151 trillion. Not 37 trillion.
You cannot have it both ways. The Griffen report highlighted this dilemma.
Selling USD and being the global currency can work in the short term. But US adopted this as a long term policy. Something breaks. And now here we are. On a train hurtling towards Recksville.
Totally agree .. why does India has 150 percent Tarrifs on US Auto and Whiskey ? They are not a third world nation by any stretch of imagination given their economy is third largest ...
No, India is not a third world country. This is an attack on BRICS+, specifically China. China has USA by the short and curlies.
1. China holds the most Treasury bonds.
What happens if China sells them back to USA?
USA is forced to buy them back - with what?
The printer will go brr.
What happens if China demands payment in gold? It too, is also a global reserve currency .
The underlying threat is to stop the yuan from becoming part of the global currency.
2. So attacking India is designed to force India out of BRICS. The public signal was USA weaponising Pakistan to attack India. This weakens BRICS.
My assumption is USA's threat on India will backfire.
3. The biggest threat is that China has cornered the rare earth minerals - USA desperately needs them for military weapons. So, China is humbling USA through bureaucratic overload.
China's playbook is the game of Go. USA is playing chess.
The same tactic was used in Vietnam . And somebody lost.
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Lol .. do you really think Trump is playing this 3 dimensional chess .. dude .. you been watching too much youtube conspiracies ..
Trump acts from clear facts - he wants to bring manufacturing back to US . . He doesn't want to rein the world through spreading ( and thus printing more ) dollars .. and he wants American companies have same access to to global markets as the rest of world has to US ..
Besides - he wants American people total freedom with Bitcoin and stable dollars .. and of course Gold ..
Btw - the reason he succeeds is he doesn't think this much .. I guess that is the reason the guy is stronger than most Americans at 80 .. That is something to learn ..