Posted by oldtanker on September 19, 2018 at 08:20:25 from (66.228.255.59):
In Reply to: Tariff War Question ... posted by Crazy Horse on September 19, 2018 at 07:45:37:
Quoting Removed, click Modern View to see
OK, I'll take a stab at this.
1: "the other guy responds with an equal amount of tariff and things continue back and forth." That's how it should work. What has happened is that one country will say, like they US charge 5% and the other other country will charge 25% on US goods creating a trade imbalance.
2: Sure a country can win this when they buy enough of another country's GDP that an embargo can create an economic problem for the selling country.
This current problem has been ongoing for years. Politicians from all sides are afraid to address situations like this. This fear proves that any politician regardless of affiliation won't force an issue even thought they may have made promises and or sworn and oath. They don't make waves because reelection is more important than doing their job. Folks have been yelling about about trade imbalances for decades. They yelled real loud when the Carter/Reagan recession started. A good example was Japan in that time frame. They were not only subsidizing manufactured goods so that they could sell stuff to us, they were charging on some thing 3 or 4 times for tariffs for similar US made goods. Especially cars. Politicians on both side were screaming about that situation. None of them were willing to do anything to fix it.
So what's happening is that a guy got elected who isn't a career politician. One who isn't afraid to tackle this problem. Now the same countries that have been causing this trade imbalance have to deal with the president trying to fix this problem. Short term some people are going to feel the effects. So without being emotional someone has to pay that price. Do we do this where 10, 20 maybe even 30% of the population is directly effected? Or do we do this where maybe 2% (farmers) are the ones most effected? We are not using our assets to feed ourselves with about 41% of the corn and over 50% of beans going into our gas tanks. So (I know I'm being harsh) we can loose 40% of our farmers and still feed just as many people. That 40% is less than 1% of the total US population. Simply put? GMO's and Roundup are killing farmer. No, not with cancer. But by increasing production enough that if "renewable" fuel production was to stop we can just do away with 40% of the farmers.
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