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Liberty News ForumLNF Forums HerePolitical Opinion Page - The Hot Seat › Trump vents MORE anger at NATO, EU, Canada
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Hot Topic (More than 10 Replies) Trump vents MORE anger at NATO, EU, Canada (Read 336 times)
forgotten centrist
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Re: Trump vents MORE anger at NATO, EU, Canada
Reply #10 - Jun 11th, 2018 at 4:11pm
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Rabbit_Reborn wrote on Jun 11th, 2018 at 4:09pm:
He's dumb about trade deficits and surpluses in general.

I have a trade deficit with Chipotle. My company has a trade deficit with me.

We're all three of us (Chipotle, me, my company) very happy with one another.


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Re: Trump vents MORE anger at NATO, EU, Canada
Reply #11 - Jun 11th, 2018 at 8:42pm
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petep wrote on Jun 11th, 2018 at 10:50am:
I enjoy watching the left attempt to discuss trade issues. They have no idea what they are talking about.


Have you heard Trump talk about trade? He thinks that the trade deficit is a measure of the benefits a country gets from trade. He also seems to think that tariffs with countries like Canada are the main reason for America's trade deficit.

The trade deficit is part of an equilibrium process that not only considers the trading of goods and services, but also investment and savings. If a country does not save enough or has high levels of foreign investment it will run a trade deficit. This means that a trade deficit is not necessarily a bad thing. It also means that Trumps efforts to fight the trade deficit may not be successful. What he will do is destroy a lot of wealth.
  
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Re: Trump vents MORE anger at NATO, EU, Canada
Reply #12 - Jun 11th, 2018 at 8:48pm
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Rabbit_Reborn wrote on Jun 11th, 2018 at 4:09pm:
He's dumb about trade deficits and surpluses in general.

I have a trade deficit with Chipotle. My company has a trade deficit with me.

We're all three of us (Chipotle, me, my company) very happy with one another.

Crooks that make a large profit usually are.
  

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Re: Trump vents MORE anger at NATO, EU, Canada
Reply #13 - Jun 11th, 2018 at 8:49pm
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Possibly Logical wrote on Jun 11th, 2018 at 8:42pm:
Have you heard Trump talk about trade? He thinks that the trade deficit is a measure of the benefits a country gets from trade. He also seems to think that tariffs with countries like Canada are the main reason for America's trade deficit.

The trade deficit is part of an equilibrium process that not only considers the trading of goods and services, but also investment and savings. If a country does not save enough or has high levels of foreign investment it will run a trade deficit. This means that a trade deficit is not necessarily a bad thing. It also means that Trumps efforts to fight the trade deficit may not be successful. What he will do is destroy a lot of wealth.


He doesn't realize that that the wealthy that voted for him are going to lose.
  

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Re: Trump vents MORE anger at NATO, EU, Canada
Reply #14 - Jun 11th, 2018 at 8:59pm
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JohnnyBgood wrote on Jun 11th, 2018 at 8:49pm:
He doesn't realize that that the wealthy that voted for him are going to lose.


I don't really think he cares that much about the wealth of the people that voted for him.

  
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Re: Trump vents MORE anger at NATO, EU, Canada
Reply #15 - Jun 11th, 2018 at 9:17pm
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Rabbit_Reborn wrote on Jun 11th, 2018 at 10:48am:
It's having a disagreement about trade policies. If other world leaders don't have the balls to deal with Trump calling a trade policy or trade agreement bad, then they probably shouldn't be leaders of nations.


There is a difference between having a disagreement over policies and the bargaining tactics that Trump is resorting to. Trump may end up getting what he wants in the end, but I have a feeling this will backfire. Canada has already started to look for alternatives to America. To the extent that Canada is successful at finding these alternatives, less bilateral trade will hurt American consumers and producers.
  
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Re: Trump vents MORE anger at NATO, EU, Canada
Reply #16 - Jun 11th, 2018 at 10:16pm
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Possibly Logical wrote on Jun 11th, 2018 at 9:17pm:
Canada has already started to look for alternatives to America. To the extent that Canada is successful at finding these alternatives, less bilateral trade will hurt American consumers and producers.


That's exactly what happened when the US maintained high tariffs on Canadian lumber for decades.  Canada ended up looking for international customers, who were happy to buy their high end lumber.  Canada came out of that squeeze in the long run, and US lumber customers kept buying Canadian lumber (though marginally less of it) and just paying the tariffs.

It helped a few US timber companies, but hurt all US lumber consumers.
  

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Re: Trump vents MORE anger at NATO, EU, Canada
Reply #17 - Jun 12th, 2018 at 3:02am
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Possibly Logical wrote on Jun 11th, 2018 at 9:17pm:
To the extent that Canada is successful at finding these alternatives, less bilateral trade will hurt American consumers and producers.


And likely hurt Canada as well. It's likely that America is a massive trade partner with Canada because it benefits Canada to trade with America more heavily than others. And vice versa.

It should come as no surprise that I am against trade wars.

I am against tariffs and subsidies as well.

I think Trump is wrong here, but no more so than many presidents and many other world leaders. I don't think it's anything new or apocalyptic.
  

Wadsworth wrote on Jun 11th, 2018 at 3:40pm:
You are awfully concerned about who gets to live.  Why is it so important to you?
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