Trump: Apple should build 'their damn things' in US

[DA60]

A trade war would be a winner for the U.S. We would win it because we are the big consumers. Our trading partners currently put import duties on our exports and we refuse to do the same. It is stupid of us, frankly. If manufacturing starts returning to the U.S. competition for domestic production will increase and wages will increase as companies compete for labor. That is how things work.

Lol.

Fine...you want to ignore history and common sense and what probably 90% of respected economists believe...go ahead.

We will see.

 

[fmw]

Lol.

Fine...you want to ignore history and common sense and what probably 90% of respected economists believe...go ahead.

We will see.

I wish I could but I'm not in charge of the government.

 

[DA60]

I wish I could but I'm not in charge of the government.

Oh btw. Since almost EVERYTHING will go way up in America if Trump starts a trade war...how will the poor and those who live on fixed incomes (like seniors) get by when their borderline incomes no longer can pay for everything? Their wages certainly will not be going up.

 

[Thrilla]

Let's see, the fellow who has thrived in the free market all his life, widely known as a master of it's use and structure, according to you knows nothing about it.

:lamo

I wouldn't argue if you said he's been dealing in business and markets all his life... but stating he's dealing in the free market is a stretch.
many of his successful business strategies have exactly nothing to do with free markets. ( such as his utilization of bankruptcies laws to benefit his companies.)

 

[Hawkeye10]

I wouldn't argue if you said he's been dealing in business and markets all his life... but stating he's dealing in the free market is a stretch.
many of his successful business strategies have exactly nothing to do with free markets. ( such as his utilization of bankruptcies laws to benefit his companies.)

WOW, that is reaaaally a lame argument. A president Trump would hit the chair with about the best understanding of main street as well as wall street of any USA president ever.

 

[Thrilla]

WOW, that is reaaaally a lame argument. A president Trump would hit the chair with about the best understanding of main street as well as wall street of any USA president ever.

I have no doubt you're correct in his understanding of wall street ( main street is a bit of a stretch, though).... however, neither have anything to do with my point.

 

[Hawkeye10]

I have no doubt you're correct in his understanding of wall street ( main street is a bit of a stretch, though).... however, neither have anything to do with my point.

Your point according to my reading was essentially that a guy who has spent his life running Walgreens would not have the first clue how to run Safeway, and you are wrong.

If I miss read you kindly point out my error.

 

[zimmer]

'Republican presidential candidate Donald Trump warned that he would force Apple, the U.S.'s most profitable company, to manufacture all of its products in the U.S. if he is elected president in November 2016.

...

During his 45-minute speech on Martin Luther King day, Trump also claimed to support free trade yet insisted he'd impose a 35 percent tax on businesses producing goods overseas, including Ford cars that are produced in Mexico.'

http://www.cnbc.com/2016/01/19/trump-apple-should-build-their-damn-things-in-us.html


Thoughts?

Well... it's certainly different from the current occupant who said he would destroy the coal industry... told people... not to go to Vegas... now is not the time for profits... for businesses to take bank loans to make payroll... and has done a great all around job farking the economy.

I'll take the guy who wants America to create jobs.

 

[Thrilla]

Your point according to my reading was essentially that a guy who has spent his life running Walgreens would not have the first clue how to run Safeway, and you are wrong.

If I miss read you kindly point out my error.

nah, that's not it at all..... my point is that he's not a free marketeer... he's surely a businesses man, of that there is no doubt.... but he's doesn't do the free market thing, preferring to utilize government to make his way.

 

[Hawkeye10]

nah, that's not it at all..... my point is that he's not a free marketeer... he's surely a businesses man, of that there is no doubt.... but he's doesn't do the free market thing, preferring to utilize government to make his way.

He has answered that objection well over a hundred times, he has said that he believes in free markets if and only if the terms are fair and the opposition keeps their side of the bargain . If the other side does not play fair than we are chumps if we do. He has said that we have been chumps, and that when he comes to down he is going to be tough, and he will stay tough till China and the rest come to the table with a decent offer to end the trade war that he is going to start.

 

[Chilton]

When you supposedly support free trade and 35% tariffs for those countries with whom you are partnered, then yea...he doesn't show much of an understanding.

:lamo

Since when does Trump support "free trade"? He's positioned himself as a supporter of 'fair trade' and a critic of many of the landmark 'free trade' deals because they harm American industry.

 

[reinoe]

If a widget from China now costs $10 and the same widget in America costs $11. Then after Trumps madness, the Chinese one will cost $13.50. Well, no one is going to buy that one..so the American made widget will have a monopoly. Now will the American company keep the price of their widgets at $11? Of course not. They can now charge a LOT more and still be priced way under the Chinese model.
So they can charge $12.50, still be miles under the Chinese one and make a TON more profit. And sales should not suffer - especially if it is a good that Americans truly need. Now are they going to pass those extra profits onto the customer or the shareholders? The answer should be obvious - the latter.
.

Your example hinges on American companies not competing against each other AND not just the Chinese. It's no wonder you can't understand where Trump is coming from. The only American companies that have monopolies are companies like Charter, Time-Warner, etc. And btw, they're corrupt as hell and buy politicians who allow them to maintain said monopolies. Trump won't be bought.

 

[Thrilla]

He has answered that objection well over a hundred times, he has said that he believes in free markets if and only if the terms are fair and the opposition keeps their side of the bargain . If the other side does not play fair than we are chumps if we do. He has said that we have been chumps, and that when he comes to down he is going to be tough, and he will stay tough till China and the rest come to the table with a decent offer to end the trade war that he is going to start.

his many bankruptcies tel la different tales.... his creditors held up their side of the bargain, only to watch him use the government to get out of his end.

tariffs are a really dumb idea for us to undertake... especially excessive tariffs... there are better ways to skin that cat.

he's right in that we are chumps when it comes to China... we allow them , with out even a cross word, to steal our intellectual property right out from under us.. and often, we buy the products they produced using stolen property.
China waged economic war on us long ago... and we're far too cowardly to even admit it let alone do anything about it.
IMO, China does more harm to the US than ISIS ever could dream of doing...

 

[JasperL]

'DEFINITION of 'Free Market'
A market economy based on supply and demand with little or no government control. A completely free market is an idealized form of a market economy where buyers and sellers are allowed to transact freely (i.e. buy/sell/trade) based on a mutual agreement on price without state intervention in the form of taxes, subsidies or regulation.'

Read more: Free Market Definition | Investopedia Free Market Definition | Investopedia

You cannot claim to be a free trader and say you understand free market economics when you are proposing massive tariffs on huge numbers of goods.

I don't care what they taught him at Wharton...are you seriously suggesting that everything people are taught that they follow and agree with...let alone understand?

But the problem is we don't have anything like "free trade" with China or other third world or developing world countries. China's currency manipulation and capital controls act as a significant tariff as do the environmental and labor standard differences, and the direct and indirect subsidies by the governments of those countries. WE allow for tariff free imports, but that's just flat not true on the other side. We have something approaching "free trade" with Europe and other first world economies.

 

[Hawkeye10]

his many bankruptcies tel la different tales.... his creditors held up their side of the bargain, only to watch him use the government to get out of his end.

tariffs are a really dumb idea for us to undertake... especially excessive tariffs... there are better ways to skin that cat.

he's right in that we are chumps when it comes to China... we allow them , with out even a cross word, to steal our intellectual property right out from under us.. and often, we buy the products they produced using stolen property.
China waged economic war on us long ago... and we're far too cowardly to even admit it let alone do anything about it.
IMO, China does more harm to the US than ISIS ever could dream of doing...

So far as I know Trump played his bankruptcies by the rules of the game, that he honored the rules, that he had no part in creating those rules and that all play by them.

When it comes to China he is trying to get the POTUS chair which will get him some power to set the rules, AND he claims with a great argument that we are playing a game with china where they play by one set of rules and we play with another, that there is no level playing field.

Me thinks you are not understanding that your argument sucks, because you have made the mistake of equating apples and oranges.

 

[Thrilla]

So far as I know Trump played his bankruptcies by the rules of the game, that he honored the rules, that he had no part in creating those rules and that all play by them.

i didn't say he cheated or played against the rules.

When it comes to China he is trying to get the POTUS chair which will get him some power to set the rules, AND he claims with a great argument that we are playing a game with china where they play by one set of rules and we play with another, that there is no level playing field.

I have no problem with this opinion.

Me thinks you are not understanding that your argument sucks, because you have made the mistake of equating apples and oranges.

I'm not at fault for you not reading my words as I write them.... that's on you.

 

[fmw]

Oh btw. Since almost EVERYTHING will go way up in America if Trump starts a trade war...how will the poor and those who live on fixed incomes (like seniors) get by when their borderline incomes no longer can pay for everything? Their wages certainly will not be going up.

There is a price to be paid for getting back what we threw away.

 

[MrT]

Since when does Trump support "free trade"? He's positioned himself as a supporter of 'fair trade' and a critic of many of the landmark 'free trade' deals because they harm American industry.

Well...according to the OP article...the answer is..."Monday."

 

[PoS]

nah, that's not it at all..... my point is that he's not a free marketeer... he's surely a businesses man, of that there is no doubt.... but he's doesn't do the free market thing, preferring to utilize government to make his way.

Sadly, yes, Trump's another big business government colluder who is attempting to impress idiots who believe that he can somehow force businesses to bow to his will if he becomes president.

 

[DA60]

There is a price to be paid for getting back what we threw away.

Starving seniors and the poor?

IMO, that is WAY too high of a price.


Are you seriously suggesting that every POTUS (with all of their economic advisors) since at least Nixon - with views so incredibly diverse. Plus respected economist after economist (including Ben Bernanke and probably every Fed chairman in at least the last 50 years)...ALL are DEAD SET against massive tariffs.
And somehow Trump - who has NO MACROECONOMIC EXPERIENCE AT ALL - knows better? Even though you acknowledge that it will SEVERELY hurt the poor/seniors.

All of this and you still say it is a good idea?

Noted.

 

[radcen]

My thoughts are the guy is a hypocrite and does not understand free market economics.

1) He calls himself a free trader and keeps talking about huge tariffs on China and now Apple. That's like claiming to be pro-life and then asking your pregnant girlfriend to get an abortion.

2) All he will do with this nonsense is start a trade war (as other companies will put tariffs on American goods) and raise the prices of almost everything U.S. consumers buy.

This guy sounds more clueless almost every time he opens his mouth.

He understands the free market very well. But, he is a hypocrite and he's just telling people what they want to hear. Outright lying, essentially. There's no substance to much of anything he says.

 

[iguanaman]

You're saying that a man who went to the best business school in the world (Wharton) and who has built a personal fortune of around $10 billion "does not understand economics."

Your assertion is unlikely.

True. And that means that Trump is lying about the 35% tariff AND getting Apple to make their products here. It will never happen.

 

[radcen]

Doesn't matter what he is, advocating for tariffs is against free trade.

We don't really have a "free market", either.

 

[Reformedfindlay]

We don't really have a "free market", either.

Irrelevant. That you waste my time with a post that doesn't address me or the OP is annoying.

 

[Ntharotep]

I think his website discusses the fair trade issue more than his speeches ever will.
He is coming from a stand that we do not produce enough in the states and need to "force the world to trade with us". Well. He doesn't put it that way, but he talks about calling China out as a means to "get them to the bargaining table" which I find a really poor approach. China doesn't care what we or the UN call them. Taking a point of aggression, as is Trump's want, is not always the best way to bring others around working with you.
I think this is where his penalties on those who don't produce in the U.S. is coming from. This has been a fight since long before I was old enough to vote and though in my younger days I was "YEAH! MAKE IT IN THE USA!" I have come to realize how American Government and business makes it a lot more beneficial to produce overseas.
On top of this. I wonder if Trump Hotels in Panama, Scotland, etc. were all built with U.S. labor?
I wonder if all of these products are U.S. made:
Trump Signature Collection

Practice what you preach and all that.