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jetboogieman:
There is another possibility and not a pleasant one by any stretch of the imagination. That is that the US Federal state collapses and fragments by balkanization in the wake of a global trade meltdown at the same time as a global uprising against US Military and Economic hegemony occurs by states and blocs opposed to the US domination which challenge its power everywhere and do so simultaneously. In that case there might be some opportunities to trade and grow while the super powers weaken each other in a global turf war and can no longer police the oceans and seas. All it takes is the sinking of between ten and 14 carrier groups by the warring titans while the rest of the world's countries watch and build the means to protect themselves during and after this trade-breakdown triggered bloodbath. The aftermath might open opportunities.
We can but try to rebuild a rules-based trade system and figure out along the way how to keep the sea-wolves at bay. To do nothing is to consign our countries to imperial servitude and ruthless exploitation.
Be well and be safe.
Evilroddy.
Singapore tariffs the US at 9%.
Trumpists of course are completely and totally blind to the dangers of what they are doing.
Singapore is an incredibly well run country and for them to say such chilling things…
Is unbelievable.
Hes 100% right.
Even if we accept this narrow minded nonsense as true.
What Trump is doing will not address any of what you are talking about.
And in the meantime it sets up a more dangerous, unstable and less prosperous world for EVERYONE.
Right now, even among liberal democratic nations, China has more credibility than the United States. They are regarded as a more stable nation than the United States, and this is among nations who have no illusions or misconceptions about the risks China poses in its own right.
dmpl:Relative GDP size should have nothing to do with trade balance. Counties with a small GDP size should also have a small amounts of exports regardless of how many consumers America has. That should be the limiting factor.
A country can choose to be an exporter nation, just like American can choose to even the score through tariffs.Diamonds.. Lesotho. Imbalance because a tiny country produces a commodity in high demand.. now tariffed at 50%
What goods will we send their 2.3 million people in a land locked country with a mostly subsistence based economy that would offset the 300 million in a luxury good that they export to the US annually?
I will reiterate the above poster: take Roddy's advice
Huh?A country can choose to be an exporter nation, just like American can choose to even the score through tariffs.
Let's test your statement for sanity. I will use the very poor, very small, very isolated nation of Nauru way out in the middle of the Pacific ocean as an example.Relative GDP size should have nothing to do with trade balance. Counties with a small GDP size should also have a small amounts of exports regardless of how many consumers America has. That should be the limiting factor.
The Sino-Fascist government of China is far, far, far more stable than a capricious American autocrat.
If Nauru is making so much on exporting fertilizer, then why is its people so poor? Profits should roll back to the people so they can afford to import from the same countries they export to. A country can choose to be an exporter nation rather than build up its own consumer class, but importing nations like America can also choose to even the score through tariffs.Let's test your statement for sanity. I will use the very poor, very small, very isolated nation of Nauru way out in the middle of the Pacific ocean as an example.
Nauru has a pop of 12000 people. The average Nauru worker gets a disposable income of around $600 per month. So they aren't buying a whole lot of consumer goods. Just trying to keep everyone housed and fed. But Nauru does have something very valuable to share with the rest of the world. It has massive natural deposits of fertilizer. Something that the world, and the US desperately need to keep our crops growing. Not something that the world has an abundance of.
So by your argument, if Nauru only imports very little because it's people survive mainly on catching their own fish. building with local resources etc, then they shouldn't be allowed to ship their natural fertilizer to the world. And especially not to the US who manufacturers almost nothing they can afford to import. Does this make any sense at all?
On a larger scale, US companies have made $trillions from Asian consumers, and without Trumps trade war they would make $trillions more. Most of that money ends up in American pockets either by company disbursements or growing share values. That money the feeds into the wider US consumer market, growing American wealth. Your argument would have never seen China, Vietnam, Sth Korea, post WW@ Japan, any of the ex soviet Euro nations etc etc grow and develop a middle class that American companies can sell to. Your argument is that we just stop the world, and wealthy nations, who previously got wealthy from trading with other nations in the same way, hold all the wealth and everyone else stays poor. Do you even know that for 100 years up to 1970, America was China, running huge trade surpluses to make American wealthy and grow the American middle class????? But after it made America wealthy, you think that the system is now unfair??????
That's quite the erection you have there. In the thawing North. In a lifetime that includes hating the United States no matter.There is another possibility and not a pleasant one by any stretch of the imagination. That is that the US Federal state collapses and fragments by balkanization in the wake of a global trade meltdown at the same time as a global uprising against US Military and Economic hegemony occurs by states and blocs opposed to the US domination which challenge its power everywhere and do so simultaneously. In that case there might be some opportunities to trade and grow while the super powers weaken each other in a global turf war and can no longer police the oceans and seas. All it takes is the sinking of between ten and 14 carrier groups by the warring titans while the rest of the world's countries watch and build the means to protect themselves during and after this trade-breakdown triggered bloodbath. The aftermath might open opportunities.
We can but try to rebuild a rules-based trade system and figure out along the way how to keep the sea-wolves at bay. To do nothing is to consign our countries to imperial servitude and ruthless exploitation.
shrug...
It's fine that he would rather rely on the WTO. But the Globalists control the WTO. His country is small enough that the Globalists don't care about Singapore, but the same cannot be said about the US.
Bottom line is that Trump MUST pay attention to what's best for the US...not what's best for Singapore.
Amen.Indeed, it is more stable. And what China-hating MAGAs need to understand (but won't) is that this is the CCP's propaganda: Western liberal democracy doesn't work. Too much freedom doesn't work. People need to be controlled, especially if you have a nation-state with complex demography. Every last propaganda point that the CCP pushes not only to its own people but all of its trading partners in resource-rich continents...we check all the boxes, and not in a good way.
As far as I can tell they do not. They have a FTA with the U.S. that puts tariffs at zero. They do have a Goods and Services tax at 9%, but that appears to apply to imported goods and local goods equally, and is not a tariff any more than any US state sales tax is a tariff.Singapore tariffs the US at 9%.
Singapore levies an 8.0% Goods and Services Tax (GST). This will be raised to 9.0% from January 1, 2024. For dutiable goodsAs far as I can tell they do not. They have a FTA with the U.S. that puts tariffs at zero. They do have a Goods and Services tax at 9%, but that appears to apply to imported goods and local goods equally, and is not a tariff any more than any US state sales tax is a tariff.
And we have a trade surplus with Singapore.
I know. I mentioned that in my post. It is not a tariff. That’s why the beginning of that link says it applies a zero percent duty on nearly all tariff lines.Singapore levies an 8.0% Goods and Services Tax (GST). This will be raised to 9.0% from January 1, 2024. For dutiable goods
Singapore - Import Tariffs
Includes information on average tariff rates and types that U.S. firms should be aware of when exporting to the market.www.trade.gov
Destroying the World Trade Organisation is not "best for the USA" it is the act of an economically illiterate imbecile.shrug...
It's fine that he would rather rely on the WTO. But the Globalists control the WTO. His country is small enough that the Globalists don't care about Singapore, but the same cannot be said about the US.
Bottom line is that Trump MUST pay attention to what's best for the US...not what's best for Singapore.
Singapore tariffs the US at 9%.
If Nauru is making so much on exporting fertilizer, then why is its people so poor? Profits should roll back to the people so they can afford to import from the same countries they export to. A country can choose to be an exporter nation rather than build up its own consumer class, but importing nations like America can also choose to even the score through tariffs.
No doubt counties in Asia got rich exporting to America, but America is now saddled with trillion dollar debts by buying all the imports. That's not sustainable. Corporate American is a money making machine but now 40% of its stocks is own by foreigners. The trend is not good for America. Trump is trying to do something about it.
Trumpists of course are completely and totally blind to the dangers of what they are doing.
Singapore is an incredibly well run country and for them to say such chilling things…
Is unbelievable.
Hes 100% right.
Usual stupid shit from you.
You don’t understand what he’s saying.
Thank you for posting that, although the possibility and reality is chilling, it's comforting to hear someone who is speaking with intelligence and reason. Something which is greatly lacking in what used to be known as the United States of America, now it seems to be an isolated foreign hellhole.
Good God, why can't we have a President like that rather than Trump (or Biden). Someone smart, articulate, and knowledgeable.
Who are the "Globalists"? Please specifyshrug...
It's fine that he would rather rely on the WTO. But the Globalists control the WTO. His country is small enough that the Globalists don't care about Singapore, but the same cannot be said about the US.
Bottom line is that Trump MUST pay attention to what's best for the US...not what's best for Singapore.
European leaders WEF, WHO that sort of thing.Who are the "Globalists"? Please specify
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