U.S. - Foreign Trade

Post Reply
User avatar
tamada
udonmap.com
Posts: 3426
Joined: February 21, 2007, 4:03 am
Location: down two... then left

Re: Trump addresses EU trade deficit

Post by tamada » June 28, 2019, 4:40 am

Lone Star wrote:
June 27, 2019, 7:21 am


Trump talks on trade with China, Europe and the USMCA.
Bugger Trump!... Maria's still got it, eh?



User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

Re: Trump addresses EU trade deficit

Post by Lone Star » June 30, 2019, 5:54 am

Talks back on with China, but I'm not anticipating a huge breakthrough unless China's economy continues to head south in a bad way. Xi is there for life, and he's probably just waiting for the 2020 election -- if he can afford to do so. If Trump wins in 2020, Xi may very well continue to slow-walk the entire process, which seems to have been his strategy up to this point. Xi probably thinks his odds would be better in manipulating a Democrat in the White House. However, the odds look bad for that happening at this point.

In the meantime, current US tariffs are still in place. Trump has given permission for US companies to sell components to Huawei. China has agreed to allow even more US agricultural products into their country.
AMERICA: One of the Greatest Stories Ever Told.

User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

Re: Trump addresses EU trade deficit

Post by Lone Star » July 2, 2019, 8:42 am

.

Institute for Supply Management (ISM) Issues Report

https://www.instituteforsupplymanagemen ... 2942&SSO=1

US manufacturing and manufacturer hiring shown to be very strong along with material costs going lower with NO TARIFF IMPACT.

The manufacturing index is gauged as anything above 50 as strong. The overall index is 51.7, and is stronger than predicted by the financial experts. The manufacturing production index came in at 54.1. This shows that outputs are increasing, order backlogs have been reduced and orders are being filled more quickly.

The manufacturing employment index is very strong at 54.5 and up from the previous month. Manufacturers are still hiring.

The manufacturing price index shows a significant drop in materials prices from 53.2 to 47.9. It reflects the OPPOSITE of what experts and CBoS claim would happen with tariffs. The predictions have not come to pass. With lower materials prices, it will translate to lower consumer prices.

US material demand leads the world, but global demand is weak. Inbound manufacturing supply costs reflect lower prices because the US is the biggest customer with the strongest need.

In order for China to retain their manufacturing position, the government is having to subsidize export costs. China is offsetting the tariffs by lowering prices, which means China is paying the tariffs, not US consumers.


STEADY WINNING for Main Street and Wall Street.
AMERICA: One of the Greatest Stories Ever Told.

User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

Re: Trump addresses EU trade deficit

Post by Lone Star » July 4, 2019, 5:27 am

.

US Department of Commerce Report Shows Tariffs are Working for the US and Allies

Trade data in May 2019 showed an annual decline in trade and a decline in the trade gap between the US and China. In the first five months of the current year, imports have fallen over $24 billion -- a 12% decline. Importing LESS from China hurts China's exports and prevents tariffs from being imposed on consumers.

Overall US exports worldwide are down only $500 million year-over-year, so someone is picking up the slack in the BILLIONS once purchased by China.

China is feeling it more than the US. The US still imports billions of goods worldwide to equal over $1 trillion year-to-date, but US imports have shifted AWAY from China. Taiwan has been one of the beneficiaries -- imports up 22%. Taiwan also increased US imports by 14%. The group consisting of India, Thailand and Vietnam have seen a rise in imports into the US by $12 billion.

As has been reported since the tariffs began over a year ago, supply chains are being adjusted. US consumers and retailers are less dependent on goods from China.

The experts are still wrong.

STEADY WINNING.
AMERICA: One of the Greatest Stories Ever Told.

User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

Re: Trump addresses EU trade deficit

Post by Lone Star » July 6, 2019, 6:30 am

China now says all tariffs have to be stripped away if there is to be a trade deal.

That's probably a non starter and a signal to Trump to keep making deals with other countries to fill the void -- which has been one of the main reasons why the tariffs have not harmed the US economy. Inflation is below 1.3% and wages are up 3.2% in the US, which is a clear signal that things are fine more than a year after tariffs went into effect.

Not having any trading relationship other than one loaded with tariffs vs China is certainly an option and easily survivable with new supply chains.
AMERICA: One of the Greatest Stories Ever Told.

User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

Re: Trump addresses EU trade deficit

Post by Lone Star » July 7, 2019, 6:12 am

US-China trade talks resume this week by long distance.

I'm not optimistic of anything resulting from this in the way of a final deal. Ever. Looks more and more like China is just slow-playing it all forever -- through the election and beyond. US tariffs still remain in place. Trump has allowed US companies to make some money and sell to Huawei, but Huawei is still on the list of companies whose product purchases are discouraged in the US and to allies.
AMERICA: One of the Greatest Stories Ever Told.

User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

Re: Trump addresses EU trade deficit

Post by Lone Star » July 10, 2019, 10:25 am



Updates on international trade. Quality of the agreement is more important than speed of the issue. There is no timeline for completion.
AMERICA: One of the Greatest Stories Ever Told.

User avatar
newtovillagelife
udonmap.com
Posts: 990
Joined: December 3, 2011, 10:14 am

Re: Trump addresses EU trade deficit

Post by newtovillagelife » July 10, 2019, 11:10 am

Pocahontas 20%
Senator Kamasutra 18%

Lone Star, it seems you no longer hide your blatant RACISM....or maybe you just aren't educated enough to know how to spell the Senators names.

Why not defend your racist name calling?????

User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

Re: Trump addresses EU trade deficit

Post by Lone Star » July 10, 2019, 11:33 am

newtovillagelife wrote:
July 10, 2019, 11:10 am
Pocahontas 20%
Senator Kamasutra 18%

Lone Star, it seems you no longer hide your blatant RACISM....or maybe you just aren't educated enough to know how to spell the Senators names.

Why not defend your racist name calling?????
Your ignorance and attempts to inject racism (a belief in one's racial superiority) once again rears its ugly head.

If you knew any background on either of the candidates mentioned, you would know that Warren (Pocohontas) claimed to be a great grand daughter of a Native American. Her DNA test proved that she is no more Native American than anyone else. Not even 1/10th. Her test came back as 1/1024th. In many cases, Pocahontas is much less Native American than others. She also used that as her racial designation on some documents, which some think gave her an advantage in hiring, etc. The name I have given to her has nothing to do with any belief in racial superiority.

If you knew anything about Harris (Kamasutra), she slept her way to the top in politics by being the main squeeze of Mayor Willie Brown -- admitted. It has to do with her sexual proclivities, not anything to do with race.

It's no different than one of your fellow Cry Babies calling Trump a name related to the color of orange or any other assortment of names that you have for him.

You need to learn the difference between racism, prejudice and discrimination. They are all different and do not have to be related in any way. Education goes a long way.
AMERICA: One of the Greatest Stories Ever Told.

User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

Re: Trump addresses EU trade deficit

Post by Lone Star » July 12, 2019, 5:43 am

Cheerleaders for Failure receiving more bad news with another monthly report on trade and inflation.

First, it's necessary to recount all of the failed predictions. Kinda reminds me of all the phony mmcc alarmism predictions that have failed.

NBC News:
“Trump’s trade war may soon hit consumers’ wallets and paychecks.”
Wharton Business School - University of Pennsylvania:
“Tariffs will surely lead to higher prices for imported goods and, to a lesser extent, prices for non-imported goods that use imported materials.”
CNBC:
“Tariffs are about to hit consumers, and it won’t be pretty.”
Roe Institute for Economic Policy Studies:
“Trade restrictions, by their nature, result in price increases for the goods in question. If the price of steel and aluminum goes up, manufacturers will be forced to pass those costs onto American consumers.”
So what is consistent with Cheerleaders for Failure, LIBs, Believers and Democrats when their predictions fail? They double down and move their predictions further into the future. Prices have not risen as predicted. Consumers have not been hammered at the checkout counters. Many have simply argued that the prices will increase over time. It's been over a damn year since the tariffs have been in effect. With each passing month, the Cheerleaders for Failure have finally begun to get more and more quiet.

In summary, after more than a year of tariffs, consumer prices have been only barely affected. Period.

June's consumer price index rose 0.1%. Kind reminds me of the mmcc alarmism over temperature increases. Year over year, consumer prices have only risen 1.6%, which is well below the Fed's warning benchmark of 2% annual inflation; and the economy is still chugging along and still creating jobs. Included in the Fed's analysis is something called the personal consumption expenditure index. This index is about 0.5% BELOW the consumer price index.

The facts TRUMP the alarmism of the so-called experts. Pun intended.

From the very beginning -- over a year ago -- Wilbur Ross was emphatic in stating that the dire predictions would be wrong. He's still correct today.

Some of the Cry Babies wail and gnash their teeth over auto sales. Car and truck prices are up only 0.6% on average from a year ago.

Another Cry Baby claimed that technology and appliances that are mainly manufactured abroad, would be the killer for consumers. Prices of televisions, computer and many major appliances have gone DOWN. In June, television prices dropped another 2.4% marking 11 straight months of declining prices. Year over year, televisions are 20% less expensive. Computers and related technology -- including phones -- are down 5.9% year over year. Phones alone are down 14%.

Washing machine prices went up initially, but are now down 4% year over year.

China imports have only had a 2.9% effect on prices, but the items have to be purchased by consumers for them to be affected. Prices on toys from China have dropped over 7%. Sports equipment is also less. Clothing prices are down.

None of these numbers indicate that prices will remain low forever, but after a year of tariffs, consumers are not feeling pinched by any increase in prices. It is entirely possible that the tariffs are being absorbed by foreign producers and middle men. Discounting products in price or foreign currencies declining against the dollar can cause this.

STEADY WINNING.
AMERICA: One of the Greatest Stories Ever Told.

yartims
udonmap.com
Posts: 703
Joined: July 23, 2018, 11:14 pm

Re: Trump addresses EU trade deficit

Post by yartims » July 12, 2019, 3:52 pm

french and germans are taking the pi55 ..you wont find any US wines in a french hypermarket not in a million years..crates of putrid french table wines though not fit for drinking are plentifull though
the only good Tory is a lavatory

User avatar
jackspratt
udonmap.com
Posts: 10251
Joined: July 2, 2006, 5:29 pm

Re: Trump addresses EU trade deficit

Post by jackspratt » July 12, 2019, 4:50 pm

yartims wrote:
July 12, 2019, 3:52 pm
..you wont find any US wines in a french hypermarket not in a million years..
Three cheeky little US numbers here, izzie - do any of them appeal? \:D/

https://www.monoprix.fr/courses/carnivo ... -3255881-p

https://www.monoprix.fr/courses/merlot- ... -3292123-p

https://www.monoprix.fr/courses/usa-cal ... -2736947-p

User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

Re: Trump addresses EU trade deficit

Post by Lone Star » July 13, 2019, 6:49 am

.

There appears to be a steep learning curve among those who have screwed over the US in the past.

France is the next one to probably learn a hard lesson.

Trump isn't going to sit by and watch any international tax foolishness continue without taking some action. Trump wants free & fair trade. If other countries don't want it, Trump will balance out things nicely.

France recently enacted a 3% tax on US tech companies. Trump is likely to counter with tariffs on French goods. The French tax applies to companies that draw approximately $850 million in worldwide revenue. Almost $30 million of that comes from France.

USTRs have been tasked with investigating whether the French taxes are "discriminatory or unreasonable and burdens or restricts United States commerce." USTR wolverine Robert Lighthizer is heading it up. France is not the only country being reviewed regarding new taxes on US companies.

Free & Fair Trade -- or tax at your own detriment.
AMERICA: One of the Greatest Stories Ever Told.

Zico
udonmap.com
Posts: 91
Joined: March 28, 2012, 2:11 am

Re: Trump addresses EU trade deficit

Post by Zico » July 13, 2019, 12:06 pm

Lone Star wrote:
July 13, 2019, 6:49 am
.

There appears to be a steep learning curve among those who have screwed over the US in the past.

France is the next one to probably learn a hard lesson.

Trump isn't going to sit by and watch any international tax foolishness continue without taking some action. Trump wants free & fair trade. If other countries don't want it, Trump will balance out things nicely.

France recently enacted a 3% tax on US tech companies. Trump is likely to counter with tariffs on French goods. The French tax applies to companies that draw approximately $850 million in worldwide revenue. Almost $30 million of that comes from France.

USTRs have been tasked with investigating whether the French taxes are "discriminatory or unreasonable and burdens or restricts United States commerce." USTR wolverine Robert Lighthizer is heading it up. France is not the only country being reviewed regarding new taxes on US companies.

Free & Fair Trade -- or tax at your own detriment.
Tax foolishness?

The Orange sex offender is taxing US consumers while giving tax breaks to the very US tech companies who pay no tax in countries like France thanks to elaborate tax avoidance schemes.

Tax foolishness doesn't come close to describing what's happening in reality.

The Orange loss making individual has never been involved in a business that turned a profit so has no clue how these schemes to avoid tax work.

The French are showing the way in how to deal with it. Hopefully they can help develop a similar tax covering all of the EU, so that all EU countries can recover taxes owed by these companies.

User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

Re: Trump addresses EU trade deficit

Post by Lone Star » July 13, 2019, 12:57 pm

Zico wrote:
July 13, 2019, 12:06 pm

Tax foolishness?

. . .
Yes. Steep learning curve on your part, too.
AMERICA: One of the Greatest Stories Ever Told.

User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

Re: Trump addresses EU trade deficit

Post by Lone Star » July 15, 2019, 10:35 pm

.

As I stated before, the US can alter their supply lines/chains. Today, the Wall Street Journal reports just that.

US manufacturers are shifting production to countries outside of China.

Good for the US, even worse for China.
AMERICA: One of the Greatest Stories Ever Told.

User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

Re: Trump addresses EU trade deficit

Post by Lone Star » July 16, 2019, 6:23 am



Kudlow provides updates on trade and other issues. Supply chain movement OUT of China will move into other parts of Asia, and some are coming back to the US.
AMERICA: One of the Greatest Stories Ever Told.

Doodoo
udonmap.com
Posts: 805
Joined: October 15, 2017, 8:47 pm

Re: Trump addresses EU trade deficit

Post by Doodoo » July 16, 2019, 6:27 am

Apple moves its Mac Pro production from the US to China
JUNE 28, 2019

Companies move production to different countries for various reasons In teh end who cares but the consumer and price

User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

US - China Trade

Post by Lone Star » July 16, 2019, 3:48 pm

As I stated before, the US can alter their supply lines/chains. Today, the Wall Street Journal reports just that.

US manufacturers are shifting production to countries outside of China.

Good for the US, even worse for China.
AMERICA: One of the Greatest Stories Ever Told.

User avatar
Lone Star
udonmap.com
Posts: 4288
Joined: June 26, 2014, 11:52 pm

Re: US - China Trade

Post by Lone Star » July 16, 2019, 3:48 pm

.

China announced that their GDP is the lowest in 27 years.
AMERICA: One of the Greatest Stories Ever Told.

Post Reply

Return to “Trump”