Economy 52,844 Posted March 2, 2018 Share Posted March 2, 2018 https://www.bnn.ca/trump-says-trade-wars-are-good-as-he-plans-steel-aluminum-duties-1.1015580 Trump says that trade wars are good and a big win for America as he plans a 25% import tax on steel Economists say higher import costs on raw materials like steel is likely to kill more manufacturing jobs like in auto industry (as the US manufacturing costs becomes more uncompetitive) than the jobs created by more domestic steel production Link to post Share on other sites More sharing options...
Retron 2,605 Posted March 2, 2018 Share Posted March 2, 2018 Never let it be said that the man can't multitask. Link to post Share on other sites More sharing options...
Economy 52,844 Posted March 2, 2018 Author Share Posted March 2, 2018 16 minutes ago, Retron said: Never let it be said that the man can't multitask. Does he know higher deficit spending will only make problem worse? When a government puts more money into the economy than it takes in taxes it is capitalizing the economy to afford to buy more stuff than in produces. Governments fiscal balance affects trade balance to a large extent especially over a longer term. It isn't just trade deals Even a productive competitive Nation will consume more than it produces if the Government is Capitalizing the system with stimulus Deficit = demand stimulus Surplus = tightening But instead of the central bank that does it with monetary policy (interest rates, money supply), the Government does it directly with how much it takes and spends Link to post Share on other sites More sharing options...
scallywally 626 Posted March 2, 2018 Share Posted March 2, 2018 He doesnt understand. Theres no point in explaining things to him unless its in pictures. Link to post Share on other sites More sharing options...
Retron 2,605 Posted March 2, 2018 Share Posted March 2, 2018 42 minutes ago, Economy said: Does he know higher deficit spending will only make problem worse? ... He still doesn't understand what a trade deficit is so I'm pretty sure if you tried to explain anything in your post to him, his eyes would gloss over and he'd start thinking about much more important stuff. Link to post Share on other sites More sharing options...
Economy 52,844 Posted March 2, 2018 Author Share Posted March 2, 2018 1 hour ago, Retron said: He still doesn't understand what a trade deficit is so I'm pretty sure if you tried to explain anything in your post to him, his eyes would gloss over and he'd start thinking about much more important stuff. Well at least Trump makes me complain less about Trudeau than I otherwise would Link to post Share on other sites More sharing options...
Retron 2,605 Posted March 3, 2018 Share Posted March 3, 2018 On 3/2/2018 at 11:35 AM, Retron said: He still doesn't understand what a trade deficit is ... Quoting myself to present new and relevant information: I have a thousands of dollars trade deficit with Amazon dot com. They are laughing at me Link to post Share on other sites More sharing options...
JustinTrudeau 2,419 Posted March 3, 2018 Share Posted March 3, 2018 On 3/2/2018 at 12:37 PM, Economy said: Well at least Trump makes me complain less about Trudeau than I otherwise would yo I fell down the stairs once as an actor. Link to post Share on other sites More sharing options...
Economy 52,844 Posted March 3, 2018 Author Share Posted March 3, 2018 2 hours ago, Retron said: Quoting myself to present new and relevant information: I have a thousands of dollars trade deficit with Amazon dot com. They are laughing at me What he doesn't get is the US Government fuels this not trade deals The US employs hundreds of thousands of soldiers. This excessive amount of labor on military causes a problem because these people have to eat and consume goods too but they do not industrially produce anything Also as I said, Government deficits have a tendency to lead to trade deficits also long term (short term other factors also play a role) for the simple fact that if you put more money into economy than you take from it, you put more purchasing power of consumption into it than it has the ability to produce from the private sector Both these factors the US Government has brought on itself... It cannot be blaming other Countries for its own mistakes Canada used to have budget surpluses and it resulted in trade surpluses too When we went back into the red after recession to stimulate economy it resulted in a trade deficit as well. We stimulated the economy by putting money into it while manufacturing and exports struggled The Government has been running deficits to stimulate economy and help consumers. Not surprising Canada's change into a budget deficit eventually turned into a trade deficit also! Link to post Share on other sites More sharing options...
Economy 52,844 Posted March 3, 2018 Author Share Posted March 3, 2018 2 hours ago, JustinTrudeau said: yo Sup Yes I have complaints about u too but Trump overshadows u Link to post Share on other sites More sharing options...
Neroneau 1,017 Posted March 3, 2018 Share Posted March 3, 2018 oh I can't complain. Australia and Chile's steel industry will only benefit from him. Thanks America! Spoiler But don't underestimate him in these though. The US has still got a lot of bargaining power. I mean it is the biggest economy in the world atm, and China is still too sketchy for other Western countries (and the South American Southern Cone) to transparently trade with. And Europe is going nowhere, its production costs are too high compared to all the rest of all industrial nations. Link to post Share on other sites More sharing options...
Economy 52,844 Posted March 5, 2018 Author Share Posted March 5, 2018 On 03/03/2018 at 4:18 PM, Neroneau said: oh I can't complain. Australia and Chile's steel industry will only benefit from him. Thanks America! Hide contents But don't underestimate him in these though. The US has still got a lot of bargaining power. I mean it is the biggest economy in the world atm, and China is still too sketchy for other Western countries (and the South American Southern Cone) to transparently trade with. And Europe is going nowhere, its production costs are too high compared to all the rest of all industrial nations. It has bargaining power yes but it doesn't mean it won't still hurt itself Link to post Share on other sites More sharing options...
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