New York Times said:WASHINGTON — The House of Representatives sent an unusually confrontational signal to the Chinese leadership on Wednesday, voting overwhelmingly to give the Obama administration expanded authority to impose tariffs on virtually all Chinese imports to the United States.
Something I can support Obama on.
China should be pressured to stop currency manipulation, but blanket tariffs are a bad idea. Hopefully, this gives Obama better leverage when negotiating, but isn't actually ever used. Trade sanctions often resemble nukes in this fashion.
But that won't happen anytime soon. The only real way for China to stop currency manipulation is for US-China decoupling. That's not going to happen.
The House just committed a real blunder here. We need China's debt support more than they need our markets. Obama's going to sign this crackpot bill if it gets to him and he'll be doing America a rather large disservice.
On the plus side, if it does turn into a trade war, at least some people will get educated about how bad tariffs are.
Knowing how dumb some people here are, they won't get it. I can explain how to actually get the Yuan to rise and get Beijing to stop monkeying around, but it's a bit complex. But I'll say this, Beijing would love to stop manipulating its currency.
Why does this feel like we are cutting our own limb? Probably because most of our imports are coming from China
I reluctantly support this because I don't know the effects this can do with the economy... But I do support the idea of making us less dependent on China....
Wonderful, what a truly bad idea at this time to raise prices for consumers when we are in the worst recession in resent memory. Good job dumb asses.
What's next this is realy a stupid move.
When there are very few jobs and more people on food stamps then any time in History is no time to punish consumers with higher priced products and claim you're doing something good.
Wonderful, what a truly bad idea at this time to raise prices for consumers when we are in the worst recession in resent memory. Good job dumb asses.
What's next this is realy a stupid move. When there are very few jobs and more people on food stamps then any time in History is no time to punish consumers with higher priced products and claim you're doing something good.
If the tariffs are high enough it will encourage manufacturers to move to the US thus creating more jobs.
It'd have to be one hell of a tariff. And don't forget... there's Vietnam, Malaysia, Central America.
I think there's something we need to get a grasp of. Manufacturing, is no longer a viable western country job.
Unless a job requires someone to be physically here to do it, that job can be outsourced. Even specialized manufacturing that requires highly advanced machinery and highly qualified people to operate it can be outsourced. You do not think China, India or other countries have highly advance technology and qualified people?More and more, except in highly skilled, specialized manufacturing, that requires highly advanced machinery and the highly qualified people to operate it, manufacturing simply is no longer a viable industry in 1st world countries anymore.
What a ****ing horrible idea. Fortunately, it will never pass the Senate or get Obama's signature.
I'm sure he'll pander to Big Labor and do it. Midterms are coming up.Well, the bill doesn't actually raise a tarrif. It gives the administration authority to do it. Obama could simply elect not to do so.
If the tariffs are high enough it will encourage manufacturers to move to the US thus creating more jobs. Are trying to argue that no one made anything in the US before companies found it easy to outsource left and right to china, India and other countries? Are you trying to say that we always imported **** from China in huge quantities?
I would like to see some goods imported from other countries too. I've just about had it with affordable cheap Chinese junk. How is it a cost savings when everything breaks so quickly?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?