How Trump's Trade War Could Break Your PC Budget and Stifle Innovation

[finitekosmos]

Why don't we watch and see what happens before trying to be a prophet or someone who tries to claim a factual outcome of any of this, just like North Korea, just like Hillary being president, Trump does a wonderful job of surprising everyone. There is no law that has stayed permanent so saying a tax cut for rich is so. Gutting Social Security isn't what Trump wants that it is what a lot of career politicians want stop lying to yourself and others anyone with a brain knows Politicians in most countries are corrupt and are the cause of a lot of todays problems. If SS was ever threatened I can tell you old people will start a civil war as they have a lot of weapons are old and have nothing else to lose.

When it comes to policy, I am not looking into a crystal ball, I'm looking at the data. Trump is not a surprising individual by any stretch of the imagination, he is predictable. Rather than give up an idea irrespective of its merits, he will double down on the idea he has 6 bankruptcies to his name because of this inclination.In addition to this he loves having his ego stroked, combining flattery with an outlandish idea that gives him camera time and, he's a happy guy. In that sense he is predictable and its why he will make the trade situation worse which in turn will cost more jobs.

With respect to what Trump wants I'll wait for what he does, I'm not going to speculate on whether he "Wants to cut social security" I know what he has called for however, more tax cuts for corporations. Those tax cuts will need to be paid for and there are only a few levers through which they can be paid; Either increasing taxes on individuals, or by cutting spending. With a republican controlled Senate and Congress I can guess what the likely outcome will be at least up to the mid-terms.

 

[mellowbrian]

Mmmm, I don't think that there are too many economists here being a technology site, this is how it looks to me, however, Trump has now initiated a trade war, and in a trade war there are no winners. There is only increasing cost.

America needs resources from other nations, it simply can not produce enough, at the desired levels of quality at desired prices to sustain growth. By slapping a tariff on goods coming from china all the US has done is made all those products more expensive for consumers. Since the costs of the increase will be passed to consumers. This will in turn lead to a reduction in demand and a reduction in demand will result in people being fired.

Reciporically, China has imposed dollar for dollar tariffs on American imports, specifically targeting sectors of the US economy that are based in regions of America that supported Trump. China is taking a targeted pain approach to its response. Much like the US it too needs to import more than it can produce (in certain trade sectors) with a population nearing 1.3 Billion people Soy is but one example.

As the tariffs bite China which has been buying land in other nations for cultivation, will seek alternate trading arrangements, indeed it has initiated the belt and road project to construct an alternative global trade network at a cost of around $1 Trillion. The more Tariffs the US inflicts, the more likely the alternatives are to be used by former allies.At a time when the US has retreated from the world stage through its failure to fill its diplomatic ranks (there are still over 1,000 empty diplomatic positions) all the US has done is create a vacuum where the loudest voice being heard is China's.

And thats not to say that China has not been a bad actor. from patents to sceince China has copied and stolen blueprints, designs and processes that were developed in the West. It then reaps the benefits of this without needing to pay for the development costs. However there are mechanism's by which these kinds of infringements can address this kind of illegality. A trade war won't either address or stop it.

Conversely America is not some kindly benevolent caretaker showering gifts on the rest of the world especially since it owes the rest of the world $21 Trillion in the form of its national debt. Rather the US has tried to assert its supremacy in all matters not least of which militarily. However that power is built on alliances with other nations, some of which are bought, others are made in exchange of services, goods technologies and so on, while more via influence. While the US rides around the world in the most expensive war machine constructed, it still needs its international allies to provide ports of call for re-supply and rest. Having military power is one thing, being able to project it is quite another. Without alliances to the EU the US would not have been able to use certain airbases that put its fighters in range of targets in the middle east. Whether America likes it or not it needs to maintain its relationships. Without them you lose supply lines and when you lose supply lines you lose wars of which the US is currently engaged in 8 (including proxy wars).

America remains a threat to its enemies because of its proximity to them via its alliances and those alliances have now been strained. This doesn't just threaten America's capabilities militarily, it threatens them economically too. The more unstable world trade becomes; the more damaged the US dollar becomes. Economics and trade are built on stability and while the US Dollar remains a reserve currency for now, other countries are beginning to look at the process of shedding that reliance and transfer their holdings to another currency.

To sum up, the US' influence is a complex weave of threads that are being damaged by the man at the top. there is little intelligence to the actions being taken, they are just simply being taken because they can be enacted swiftly and that makes Trump look busy which is good for the cameras.

The economic pain will come in three forms to average American life firstly in the form of job cuts as trade tariffs bite businesses will move production and jobs to where it is cheapest to conduct business. Secondly when the tax cuts offered by Trump's tax plan expire for middle and low income brackets (only the rich will retain theirs). And thirdly; having passed legislation to gut Social security and medicaid programs to pay for those permanent tax cuts to the wealthy leaving middle and low income America with nothing but a prayer when the full fallout from the trade war arrives.

 

[mellowbrian]

Dear Professor Chang: Have you ever reviewed the WTO actions regarding trade malpractices against the US? So solly, but WTO has an abysmal record of redressing China's aggressive and predatory actions...So you think decades of Intellectual Theft practices by China against the US, which has been very well documented will just kind of, go away? Not that you ever would, but anyone reading this, should have a little faith in Trump...he isn't a genius, he just isn't part of the absolutely corrupt deep state politicians that have been robbing this country blind for decades (and helped along by Professor Chang). All Trump knows is BUSINESS...he gets it....he knows we are being F^&*%^ed and he is the first elected President in a very long time that is actually trying to redress this BS.

 

[DerekA_C]

Why don't we watch and see what happens before trying to be a prophet or someone who tries to claim a factual outcome of any of this, just like North Korea, just like Hillary being president, Trump does a wonderful job of surprising everyone. There is no law that has stayed permanent so saying a tax cut for rich is so. Gutting Social Security isn't what Trump wants that it is what a lot of career politicians want stop lying to yourself and others anyone with a brain knows Politicians in most countries are corrupt and are the cause of a lot of todays problems. If SS was ever threatened I can tell you old people will start a civil war as they have a lot of weapons are old and have nothing else to lose.

When it comes to policy, I am not looking into a crystal ball, I'm looking at the data. Trump is not a surprising individual by any stretch of the imagination, he is predictable. Rather than give up an idea irrespective of its merits, he will double down on the idea he has 6 bankruptcies to his name because of this inclination.In addition to this he loves having his ego stroked, combining flattery with an outlandish idea that gives him camera time and, he's a happy guy. In that sense he is predictable and its why he will make the trade situation worse which in turn will cost more jobs.

With respect to what Trump wants I'll wait for what he does, I'm not going to speculate on whether he "Wants to cut social security" I know what he has called for however, more tax cuts for corporations. Those tax cuts will need to be paid for and there are only a few levers through which they can be paid; Either increasing taxes on individuals, or by cutting spending. With a republican controlled Senate and Congress I can guess what the likely outcome will be at least up to the mid-terms.

What about the total biased data that claimed Hillary 90+% victory over Trump, data and reality doesn't always coexist now do they. Also the whole bankruptcy argument is not valid as the richest man in the world Jeff Bezos has filed chapter 11 on Amazon in 2001 so hmmm let that sink in, Oh did you know Bill Gates has filed bankruptcy as well Optim Energy LLC, a Texas electric company owned by a Bill Gates investment fund, filed for Chapter 11 bankruptcy in 2014 rather recent really. Bad investment is bad investment and happens to a lot of people including the richest in the world.

 

[g-unit1111]

Dear Professor Chang: Have you ever reviewed the WTO actions regarding trade malpractices against the US? So solly, but WTO has an abysmal record of redressing China's aggressive and predatory actions...So you think decades of Intellectual Theft practices by China against the US, which has been very well documented will just kind of, go away? Not that you ever would, but anyone reading this, should have a little faith in Trump...he isn't a genius, he just isn't part of the absolutely corrupt deep state politicians that have been robbing this country blind for decades (and helped along by Professor Chang). All Trump knows is BUSINESS...he gets it....he knows we are being F^&*%^ed and he is the first elected President in a very long time that is actually trying to redress this BS.

It ain't the deep state that's been robbing this country blind. It's billionaires like the Kochs, Waltons, Mercers, and giant corporations like GE and TimeWarner, and so on that are robbing this country blind, making billions and paying very little to no taxes on it.

 

[Davil]

Trade deficits aren't really a thing. Think about it, if you buy something from another country, are you actually losing anything? No, you are getting something for your money. If they don't buy from us, so what? Free trade is a good thing just like lowering taxes. But I doubt this will make a huge difference. At worst things cost a few dollars more, and at best it inspires people to start companies to build components in the US again.

 

[DerekA_C]

Trade deficits aren't really a thing. Think about it, if you buy something from another country, are you actually losing anything? No, you are getting something for your money. If they don't buy from us, so what? Free trade is a good thing just like lowering taxes. But I doubt this will make a huge difference. At worst things cost a few dollars more, and at best it inspires people to start companies to build components in the US again.

I totally agree with you but everyone wants to panic and point blame in every direct. Does any of it stop you from living your life, I highly doubt it but if a Nuclear War or Chemical War were to happen that would stop or change you from living your life the way you do. Which as far as I can tell Trump put a stop to that or does anyone want to try and say Obama did it.

 

[finitekosmos]

Dear Professor Chang: Have you ever reviewed the WTO actions regarding trade malpractices against the US? So solly, but WTO has an abysmal record of redressing China's aggressive and predatory actions...So you think decades of Intellectual Theft practices by China against the US, which has been very well documented will just kind of, go away? Not that you ever would, but anyone reading this, should have a little faith in Trump...he isn't a genius, he just isn't part of the absolutely corrupt deep state politicians that have been robbing this country blind for decades (and helped along by Professor Chang). All Trump knows is BUSINESS...he gets it....he knows we are being F^&*%^ed and he is the first elected President in a very long time that is actually trying to redress this BS.

"Professor Chang?" This mildly racist opening comment to your post serves no purpose.How about you consider avoiding racist remarks in future. In addition to this I am a Western European, and I am not of asian descent, like that matters.

China hasn't simply lifted ideas and processes from the US, it has done so for decades against every western nation. the US isn't the only party wronged and in fact they executed a hack against the ANU in Australia quite recently looking for secrets, plans, etc.

But here is my point, a trade war with China, isn't going to change this since it has already happened. China already has what it has. Rather than instigating a trade war (which isn't merely targeted at China, it involves also Canada and Mexico) that isn't actually specifically targeting market segments where IP is at play; a more appropriate strategy would be to pursue avenues related to the WTO and diplomatically through the US' allies in particular where redress from the WTO is insufficient. While seeking to reform the WTO where appropriate.

The real problem with the trade tariff approach is the fact that China is constructing an alternative platform for international trade that it controls. The more expensive the US makes trade with its partners, the more they are pushed towards that alternative.

I support smart, intelligent solutions to these kinds of problems, trade tariffs are neither since they can be countered and simply inflict costs on consumers while destroying jobs simultaneously.

 

[emeraldsmines1990]

Dear Professor Chang: Have you ever reviewed the WTO actions regarding trade malpractices against the US? So solly, but WTO has an abysmal record of redressing China's aggressive and predatory actions...So you think decades of Intellectual Theft practices by China against the US, which has been very well documented will just kind of, go away? Not that you ever would, but anyone reading this, should have a little faith in Trump...he isn't a genius, he just isn't part of the absolutely corrupt deep state politicians that have been robbing this country blind for decades (and helped along by Professor Chang). All Trump knows is BUSINESS...he gets it....he knows we are being F^&*%^ed and he is the first elected President in a very long time that is actually trying to redress this BS.

It ain't the deep state that's been robbing this country blind. It's billionaires like the Kochs, Waltons, Mercers, and giant corporations like GE and TimeWarner, and so on that are robbing this country blind, making billions and paying very little to no taxes on it.

and the deep state is not taxing them... they work together.

 

[DerekA_C]

Dear Professor Chang: Have you ever reviewed the WTO actions regarding trade malpractices against the US? So solly, but WTO has an abysmal record of redressing China's aggressive and predatory actions...So you think decades of Intellectual Theft practices by China against the US, which has been very well documented will just kind of, go away? Not that you ever would, but anyone reading this, should have a little faith in Trump...he isn't a genius, he just isn't part of the absolutely corrupt deep state politicians that have been robbing this country blind for decades (and helped along by Professor Chang). All Trump knows is BUSINESS...he gets it....he knows we are being F^&*%^ed and he is the first elected President in a very long time that is actually trying to redress this BS.

"Professor Chang?" This mildly racist opening comment to your post serves no purpose.How about you consider avoiding racist remarks in future. In addition to this I am a Western European, and I am not of asian descent, like that matters.

China hasn't simply lifted ideas and processes from the US, it has done so for decades against every western nation. the US isn't the only party wronged and in fact they executed a hack against the ANU in Australia quite recently looking for secrets, plans, etc.

But here is my point, a trade war with China, isn't going to change this since it has already happened. China already has what it has. Rather than instigating a trade war (which isn't merely targeted at China, it involves also Canada and Mexico) that isn't actually specifically targeting market segments where IP is at play; a more appropriate strategy would be to pursue avenues related to the WTO and diplomatically through the US' allies in particular where redress from the WTO is insufficient. While seeking to reform the WTO where appropriate.

The real problem with the trade tariff approach is the fact that China is constructing an alternative platform for international trade that it controls. The more expensive the US makes trade with its partners, the more they are pushed towards that alternative.

I support smart, intelligent solutions to these kinds of problems, trade tariffs are neither since they can be countered and simply inflict costs on consumers while destroying jobs simultaneously.

There is a science documentary that talks about shipping minerals, resources and products to other continents is not cost effective nor is it pro environment think of the cost in oil and pollution from diesel engines that are in those ships let alone the steel in ships and containers to ship the products elsewhere we have similar resources on every continent. Zeitgeist: Moving forward is an interesting documentary.

But seriously all bs aside no one wants to face the fact that the world workforce is being replaced by robotics at a steady fast pace and there isn't a field or job that couldn't be done by robotics including lawyers judges police military and every labor industry including manufacturing.

 

[finitekosmos]

There is a science documentary that talks about shipping minerals and resources to other continents is not cost effective nor is it pro environment think of the cost in oil let alone the steal in ships and containers to ship the products elsewhere we have similar resources on every continent. Zeitgeist: Moving forward is an interesting documentary. But seriously all bs aside no one wants to face the fact that the world workforce is being replaced by robotics and a steady fast pace and there isn't a field or job that couldn't be done by robotics including lawyers judges police military and every labor industry including manufacturing.

Mmmm, this is true although some nations are simply resource poor in some raw materials and have little recourse. The point you raise about automation (and its not just robotics which has been a process that has happened for decades at this point) but also AI is very succinct. While all the noise regarding Trade wars is happening, most western economies are simply not prepared for the reality of AI automation in the workplace. I read a report about this as it relates to the United States and other western economies and it highlighted that this is a field that we are woefully unprepared to deal with. I'll have to find that report again...

Those upcoming changes should be the focus of policy today rather than even contemplating that set of issues we're instead focusing on beginning a trade war.

 

[mellowbrian]

Mmmm, I don't think that there are too many economists here being a technology site, this is how it looks to me, however, Trump has now initiated a trade war, and in a trade war there are no winners. There is only increasing cost.

America needs resources from other nations, it simply can not produce enough, at the desired levels of quality at desired prices to sustain growth. By slapping a tariff on goods coming from china all the US has done is made all those products more expensive for consumers. Since the costs of the increase will be passed to consumers. This will in turn lead to a reduction in demand and a reduction in demand will result in people being fired. If history has any proof in the pudding than NOTHING is permanent and laws and rules can change no matter what they are just like taxes.

Reciporically, China has imposed dollar for dollar tariffs on American imports, specifically targeting sectors of the US economy that are based in regions of America that supported Trump. China is taking a targeted pain approach to its response. Much like the US it too needs to import more than it can produce (in certain trade sectors) with a population nearing 1.3 Billion people Soy is but one example.

As the tariffs bite China which has been buying land in other nations for cultivation, will seek alternate trading arrangements, indeed it has initiated the belt and road project to construct an alternative global trade network at a cost of around $1 Trillion. The more Tariffs the US inflicts, the more likely the alternatives are to be used by former allies.At a time when the US has retreated from the world stage through its failure to fill its diplomatic ranks (there are still over 1,000 empty diplomatic positions) all the US has done is create a vacuum where the loudest voice being heard is China's.

And thats not to say that China has not been a bad actor. from patents to sceince China has copied and stolen blueprints, designs and processes that were developed in the West. It then reaps the benefits of this without needing to pay for the development costs. However there are mechanism's by which these kinds of infringements can address this kind of illegality. A trade war won't either address or stop it.

Conversely America is not some kindly benevolent caretaker showering gifts on the rest of the world especially since it owes the rest of the world $21 Trillion in the form of its national debt. Rather the US has tried to assert its supremacy in all matters not least of which militarily. However that power is built on alliances with other nations, some of which are bought, others are made in exchange of services, goods technologies and so on, while more via influence. While the US rides around the world in the most expensive war machine constructed, it still needs its international allies to provide ports of call for re-supply and rest. Having military power is one thing, being able to project it is quite another. Without alliances to the EU the US would not have been able to use certain airbases that put its fighters in range of targets in the middle east. Whether America likes it or not it needs to maintain its relationships. Without them you lose supply lines and when you lose supply lines you lose wars of which the US is currently engaged in 8 (including proxy wars).

America remains a threat to its enemies because of its proximity to them via its alliances and those alliances have now been strained. This doesn't just threaten America's capabilities militarily, it threatens them economically too. The more unstable world trade becomes; the more damaged the US dollar becomes. Economics and trade are built on stability and while the US Dollar remains a reserve currency for now, other countries are beginning to look at the process of shedding that reliance and transfer their holdings to another currency.

To sum up, the US' influence is a complex weave of threads that are being damaged by the man at the top. there is little intelligence to the actions being taken, they are just simply being taken because they can be enacted swiftly and that makes Trump look busy which is good for the cameras.

The economic pain will come in three forms to average American life firstly in the form of job cuts as trade tariffs bite businesses will move production and jobs to where it is cheapest to conduct business. Secondly when the tax cuts offered by Trump's tax plan expire for middle and low income brackets (only the rich will retain theirs). And thirdly; having passed legislation to gut Social security and medicaid programs to pay for those permanent tax cuts to the wealthy leaving middle and low income America with nothing but a prayer when the full fallout from the trade war arrives.

Why don't we watch and see what happens before trying to be a prophet or someone who tries to claim a factual outcome of any of this, just like North Korea, just like Hillary being president, Trump does a wonderful job of surprising everyone. There is no law that has stayed permanent so saying a tax cut for rich is so. Gutting Social Security isn't what Trump wants that it is what a lot of career politicians want stop lying to yourself and others anyone with a brain knows Politicians in most countries are corrupt and are the cause of a lot of todays problems. If SS was ever threatened I can tell you old people will start a civil war as they have a lot of weapons are old and have nothing else to lose.

 

[emeraldsmines1990]

Dear Professor Chang: Have you ever reviewed the WTO actions regarding trade malpractices against the US? So solly, but WTO has an abysmal record of redressing China's aggressive and predatory actions...So you think decades of Intellectual Theft practices by China against the US, which has been very well documented will just kind of, go away? Not that you ever would, but anyone reading this, should have a little faith in Trump...he isn't a genius, he just isn't part of the absolutely corrupt deep state politicians that have been robbing this country blind for decades (and helped along by Professor Chang). All Trump knows is BUSINESS...he gets it....he knows we are being F^&*%^ed and he is the first elected President in a very long time that is actually trying to redress this BS.

"Professor Chang?" This mildly racist opening comment to your post serves no purpose.How about you consider avoiding racist remarks in future. In addition to this I am a Western European, and I am not of asian descent, like that matters.

China hasn't simply lifted ideas and processes from the US, it has done so for decades against every western nation. the US isn't the only party wronged and in fact they executed a hack against the ANU in Australia quite recently looking for secrets, plans, etc.

But here is my point, a trade war with China, isn't going to change this since it has already happened. China already has what it has. Rather than instigating a trade war (which isn't merely targeted at China, it involves also Canada and Mexico) that isn't actually specifically targeting market segments where IP is at play; a more appropriate strategy would be to pursue avenues related to the WTO and diplomatically through the US' allies in particular where redress from the WTO is insufficient. While seeking to reform the WTO where appropriate.

The real problem with the trade tariff approach is the fact that China is constructing an alternative platform for international trade that it controls. The more expensive the US makes trade with its partners, the more they are pushed towards that alternative.

I support smart, intelligent solutions to these kinds of problems, trade tariffs are neither since they can be countered and simply inflict costs on consumers while destroying jobs simultaneously.

There is a science documentary that talks about shipping minerals, resources and products to other continents is not cost effective nor is it pro environment think of the cost in oil and pollution from diesel engines that are in those ships let alone the steal in ships and containers to ship the products elsewhere we have similar resources on every continent. Zeitgeist: Moving forward is an interesting documentary.

But seriously all bs aside no one wants to face the fact that the world workforce is being replaced by robotics at a steady fast pace and there isn't a field or job that couldn't be done by robotics including lawyers judges police military and every labor industry including manufacturing.

Robotics will never replace Lawyers and Judges and police ... this is too much science fiction. And the robots at the industry are not smart ..

 

[finitekosmos]

What about the total biased data that claimed Hillary 90+% victory over Trump, data and reality doesn't always coexist now do they. Also the whole bankruptcy argument is not valid as the richest man in the world Jeff Bezos has filed chapter 11 on Amazon in 2001 so hmmm let that sink in, Oh did you know Bill Gates has filed bankruptcy as well Optim Energy LLC, a Texas electric company owned by a Bill Gates investment fund, filed for Chapter 11 bankruptcy in 2014 rather recent really. Bad investment is bad investment and happens to a lot of people including the richest in the world.

I really have no interest in Hillary Clinton, she is not the President of the United States. And we're not having a discussion that rehashes the merits of who won and how. The topic here is related to Trump and his policies.

The bankruptcy argument is actually valid, what isn't valid is dragging Jeff Bezos into this subject. The topic is Trump and his policies. Trumps personal history and business sense is well documented including the manner in which he doubles down on short-term strategies at the cost of the long-term outlook. Jeff Bezos is not the topic of discussion, Trump and his policies are as such his strategies are important here because policy is strategy.

Additionally, Bill Gates and his energy concern are not the topic of discussion here, Donald Trump and his policies are. I'm not playing a game of what-about-ism here. if you want to do so then start a separate topic where you can discuss the business merits of those individuals. But this topic is about Donald Trump's Policies.

 

[mellowbrian]

Quit being grandiose, as if this is Trump represents an era of some grand scheme that lasted for decades that can be judged historically....Are you kidding me? 500 days into a first term President and his attempts to push against ACTUAL decades of corrupt policies and you are going to pose as some kind of historical moderator on China's DEFENDER regarding China's aggressive trade policies (including intentional devaluation of their currency as a weapon)....as others have said in their comments, this is an answer, a rebuke, a bulwark, an attempt to counteract a deeply unfair and Un-American policy. I say, Let Trump Be Trump...I think the last several decades speak for themselves in terms of what we need to reverse where things have been going. If you can't see what is/has been wrong, then you either blind, or you don't speak for common sense Americans that actually sense what has been very wrong for a long time.

That all being said, I do like cheap prices on consumer technology. But I believe Trump when he says this can all be balanced, at least a little more in favor of the US. Trump will match tariff for tariff...if another country removes theirs, we will remove ours....what is wrong with that? The US will remove all tariffs if those countries remove theirs. Not sure how you can spin your answer on that one, but go ahead...I need a laugh.

 

[SkyBill40]

So much for all that "being civil" and such. The ad hominems are flying along with a load of other logical fallacies. How disappointing.

 

[mellowbrian]

PS - it's ad hominem, not ad honinem.
Do not be discouraged! Trump, et al, is shedding the light on the corruption....never before has it become more visible what is going on! I know, I know...we were talking about the prices on tech because of "Trump", but the headline itself was dishonest...it's not "Trump's Tariffs"...the Tariffs Trump is talking about have been there imposed on US for a very long time...all he is arguing for is level playing field.....zero tariffs are fine with him...Trump is actually for the United States....I know, kind of weird, isn't it?

 

[Martell1977]

Actually it is USA that has no more than 300 years of culture ... and it is the USA that was built on stealing and killing the natives , then using the slaves , and After ww2 Stealing other people money by forcing the whole world to buy and sell the OIL using the US$ only.

Do you know that if China wants to buy Oil from lets say Saudi Arabia they are not allowed to buy it direct? they must first Buy US$ and Give it to Saudi Arabia for oil ? and THEN Saudi Arabia are forced to Accept US$ as a payment for their goods ?

Do you know that The Whole EU cant buy Oil with Euros ? and also are forced to use the US$ ?

That means USA is taking money Like a Mafia from EVERY OIL TRADE that happens on the planet.

Who is the huge thief here huh ?

Try taking a economics class, then come back and apologize for your lack of knowledge. You obviously have no idea how the world economy works.

As for Trump being a racist, name one thing he has done that has been racist? Is it his policies helping minority unemployment be the lowest in U.S. history? Is it his awards for spreading diversity in his businesses?

 

[emeraldsmines1990]

Actually it is USA that has no more than 300 years of culture ... and it is the USA that was built on stealing and killing the natives , then using the slaves , and After ww2 Stealing other people money by forcing the whole world to buy and sell the OIL using the US$ only.

Do you know that if China wants to buy Oil from lets say Saudi Arabia they are not allowed to buy it direct? they must first Buy US$ and Give it to Saudi Arabia for oil ? and THEN Saudi Arabia are forced to Accept US$ as a payment for their goods ?

Do you know that The Whole EU cant buy Oil with Euros ? and also are forced to use the US$ ?

That means USA is taking money Like a Mafia from EVERY OIL TRADE that happens on the planet.

Who is the huge thief here huh ?

Try taking a economics class, then come back and apologize for your lack of knowledge. You obviously have no idea how the world economy works.

so your reply is just by saying : take economy class , while you cant refute anything I said .. well done

I know exactly how US forces Countries to sell their oil only in US$ . countries atre not allowed even to exchange their Own goods for OIL .. MUST BE US DOLLAR...

Cant trade for example Steel for oil , or Gold for oil , or silver or anything.

Actually some leaders like Ghaddafi tried to sell his oil for Gold , and introduced the African Golden Dinar idea and we all know what happened to him.

Even EU dont dare to buy Oil for Euros , USA will sanction them hard.

 

[DerekA_C]

Dear Professor Chang: Have you ever reviewed the WTO actions regarding trade malpractices against the US? So solly, but WTO has an abysmal record of redressing China's aggressive and predatory actions...So you think decades of Intellectual Theft practices by China against the US, which has been very well documented will just kind of, go away? Not that you ever would, but anyone reading this, should have a little faith in Trump...he isn't a genius, he just isn't part of the absolutely corrupt deep state politicians that have been robbing this country blind for decades (and helped along by Professor Chang). All Trump knows is BUSINESS...he gets it....he knows we are being F^&*%^ed and he is the first elected President in a very long time that is actually trying to redress this BS.

"Professor Chang?" This mildly racist opening comment to your post serves no purpose.How about you consider avoiding racist remarks in future. In addition to this I am a Western European, and I am not of asian descent, like that matters.

China hasn't simply lifted ideas and processes from the US, it has done so for decades against every western nation. the US isn't the only party wronged and in fact they executed a hack against the ANU in Australia quite recently looking for secrets, plans, etc.

But here is my point, a trade war with China, isn't going to change this since it has already happened. China already has what it has. Rather than instigating a trade war (which isn't merely targeted at China, it involves also Canada and Mexico) that isn't actually specifically targeting market segments where IP is at play; a more appropriate strategy would be to pursue avenues related to the WTO and diplomatically through the US' allies in particular where redress from the WTO is insufficient. While seeking to reform the WTO where appropriate.

The real problem with the trade tariff approach is the fact that China is constructing an alternative platform for international trade that it controls. The more expensive the US makes trade with its partners, the more they are pushed towards that alternative.

I support smart, intelligent solutions to these kinds of problems, trade tariffs are neither since they can be countered and simply inflict costs on consumers while destroying jobs simultaneously.

There is a science documentary that talks about shipping minerals, resources and products to other continents is not cost effective nor is it pro environment think of the cost in oil and pollution from diesel engines that are in those ships let alone the steal in ships and containers to ship the products elsewhere we have similar resources on every continent. Zeitgeist: Moving forward is an interesting documentary.

But seriously all bs aside no one wants to face the fact that the world workforce is being replaced by robotics at a steady fast pace and there isn't a field or job that couldn't be done by robotics including lawyers judges police military and every labor industry including manufacturing.

Robotics will never replace Lawyers and Judges and police ... this is too much science fiction. And the robots at the industry are not smart ..

Actually it is USA that has no more than 300 years of culture ... and it is the USA that was built on stealing and killing the natives , then using the slaves , and After ww2 Stealing other people money by forcing the whole world to buy and sell the OIL using the US$ only.

Do you know that if China wants to buy Oil from lets say Saudi Arabia they are not allowed to buy it direct? they must first Buy US$ and Give it to Saudi Arabia for oil ? and THEN Saudi Arabia are forced to Accept US$ as a payment for their goods ?

Do you know that The Whole EU cant buy Oil with Euros ? and also are forced to use the US$ ?

That means USA is taking money Like a Mafia from EVERY OIL TRADE that happens on the planet.

Who is the huge thief here huh ?

Try taking a economics class, then come back and apologize for your lack of knowledge. You obviously have no idea how the world economy works.

so your reply is just by saying : take economy class , while you cant refute anything I said .. well done

I know exactly how US forces Countries to sell their oil only in US$ .

But is that Trumps doing, no I would say it has to do with a long line of the Bush Family. Which is one of the real reason we went to war in the middle east as they were trying to switch to EU for oil trades and he blew them up for trying, also the poppy field owned by big pharma and then there is the lithium mines which all of that is trillions in money control. Bush family goes back to Nazi ties to the fullest Their grandfather Prescott Bush helped Hitler rise to power which is easy to research their bloodline they also own a lot of oil refineries but what do I know.
https://www.theguardian.com/world/2004/sep/25/usa.secondworldwar

Japan has Robots you can mate with and are working to develop a way to make them surrogate mothers also easy to research, So robots can be lawyers, judges, police and military as they already have drones and are working on robotics for those specific applications and there has been talks about Robotics being Judges and lawyers much harder to corrupt they will follow code that will be law and order instead of being bribed or manipulated by emotion or conflict of interest which is suppose to be illegal but goes on just about every day.

https://www.bbc.com/news/technology-41829534

https://www.independent.co.uk/life-style/gadgets-and-tech/news/ai-judge-robot-european-court-of-human-rights-law-verdicts-artificial-intelligence-a7377351.html

https://www.bbc.com/news/technology-40026940

but I guess that is to science fiction for you when it is factual news in other countries.

 

[SkyBill40]

I know what it is, MellowBrian. You can't go back and edit when using your phone to post and I don't know why my phone spelled it that way to begin with.

*edit*

Now that I've got on my PC, I've fixed it to present correctly. You feel better now?

 

[Martell1977]

Dear Professor Chang: Have you ever reviewed the WTO actions regarding trade malpractices against the US? So solly, but WTO has an abysmal record of redressing China's aggressive and predatory actions...So you think decades of Intellectual Theft practices by China against the US, which has been very well documented will just kind of, go away? Not that you ever would, but anyone reading this, should have a little faith in Trump...he isn't a genius, he just isn't part of the absolutely corrupt deep state politicians that have been robbing this country blind for decades (and helped along by Professor Chang). All Trump knows is BUSINESS...he gets it....he knows we are being F^&*%^ed and he is the first elected President in a very long time that is actually trying to redress this BS.

It ain't the deep state that's been robbing this country blind. It's billionaires like the Kochs, Waltons, Mercers, and giant corporations like GE and TimeWarner, and so on that are robbing this country blind, making billions and paying very little to no taxes on it.

You forgot Soros...but I doubt it was accidental. Fact is that EVERYONE, regardless of economic standing, that files taxes, will take every loop hole they can find and pay as little as the law allows. There are some cheats, but you can't blame the honest ones for using the exemptions allowed them.

As for corporations, it's important to remember that, they don't pay taxes, their customers do. Tax liability is factored into the price of all goods and services. I always find it funny when people call to raise taxes on corporations as that is basically asking to raise taxes on themselves.

I seriously doubt this "trade war" will last long and that the media is blowing it way out of proportion. Some of the worst are already talking about nuclear war breaking out. The rhetoric is getting out of control...again.

 

[Martell1977]

so your reply is just by saying : take economy class , while you cant refute anything I said .. well done

I know exactly how US forces Countries to sell their oil only in US$ . countries atre not allowed even to exchange their Own goods for OIL .. MUST BE US DOLLAR...

Cant trade for example Steel for oil , or Gold for oil , or silver or anything.

Actually some leaders like Ghaddafi tried to sell his oil for Gold , and introduced the African Golden Dinar idea and we all know what happened to him.

Even EU dont dare to buy Oil for Euros , USA will sanction them hard.

I don't need to refute your talking points as none of them are worth discussing. You do not understand how things work and should learn before trying to talk like you do. There is a reason for everything and your lack of understanding that leads to nonsensical arguments.

But as a small enlightenment, the US dollar is the world trade currency and the US does not profit from this, however it is acknowledgement that the US was the richest nation in the world. Standardizing all major trade, like oil, to a single currency makes it easier for everyone involved as it can be confusing trying to constantly figure exchange rates.

So yes, you need an economics class..

 

[MxMatrix]

If there's one thing to add to this needless discussion, you heven't got a clue how chinese really think. And that is because they do not tell you. Be aware of this: all companies in china are de facto state held companies. There is no real private ownership, especially when it comes to a conflict with the chinese government. They will seize any business if needed. China is not a democracy, and it's led by a dictator.

 

[emeraldsmines1990]

so your reply is just by saying : take economy class , while you cant refute anything I said .. well done

I know exactly how US forces Countries to sell their oil only in US$ . countries atre not allowed even to exchange their Own goods for OIL .. MUST BE US DOLLAR...

Cant trade for example Steel for oil , or Gold for oil , or silver or anything.

Actually some leaders like Ghaddafi tried to sell his oil for Gold , and introduced the African Golden Dinar idea and we all know what happened to him.

Even EU dont dare to buy Oil for Euros , USA will sanction them hard.

I don't need to refute your talking points as none of them are worth discussing. You do not understand how things work and should learn before trying to talk like you do. There is a reason for everything and your lack of understanding that leads to nonsensical arguments.

But as a small enlightenment, the US dollar is the world trade currency and the US does not profit from this, however it is acknowledgement that the US was the richest nation in the world. Standardizing all major trade, like oil, to a single currency makes it easier for everyone involved as it can be confusing trying to constantly figure exchange rates.

So yes, you need an economics class..

You dont understand anything about it. when a country buys US$ the US profit from it , and they force the people to use US$ to buy OIL. NO one can buy oil from other countries using his own GOLD or for example , ANY Kind of Production he produces in his country .

Steel , Food , Gold , Silver .. not allowed by USA. he must goto USA to buy the DOLLAR then pay in DOLLAR .

They dont have the CHOICE. this is not optional , USA forces countries to buy oil only using US $ .

It is you who needs economy Class not me. There is a huge difference when you accept using the US$ in all your trade , and when you are FORCED to do so.

Actually anyone who tries to switch to euros for example will expect a civil war or invasion or sanctions or blockade from the USA.

Imagine you want to buy something from a person X in another country , then comes a person from OUTSIDE both countries and says to you : You cant do that trade by exchanging anything with him , not your currency , not his currency , not any exchange product , . I sell you US$ (and profit from that) then you give him US$ to buy his goods . this is MAFIA Style 100%.

This means Every Oil Trade that happens in the whole planet , USA gets a % from that deal ... Like a Mafia man who collect tributes from traders in the streets