Posted on 07/17/2018 7:50:43 AM PDT by SeekAndFind
But I disagree. The point of tariffs, from our point of view, is to eliminate or lower tariffs already imposed by our trading partners. They already put tariffs on our goods. Trump says, take yours down and we’ll take ours down. But we had to put some in place to be able to make that offer.
Since they sell more to us than we sell to them, they can’t really hurt us by further raising tariffs on us. At some point they have no choice but to make a deal. Or, we simply get the same product from somewhere else.
So his argument is, it is okay that we send a lot of our money overseas to purchase products, because those foreign companies use that money to purchase ownership in US companies?
Higher prices in Canada pay for all the socialized “goodies” they love... until they start complaining about the pricing and taxes...
Perhaps they too, think somebody else is paying for it all... Does the idiocy ever end?
Canada is the equivalent of a remora that attaches itself to the side of a shark. The American “shark” needs to rub off the Canadian remora and see just how long it survives without the ability to suck the life out of us. The imposition of tariffs when you are the big customer, is just a means to get the other guy’s attention. Actually, this goes for the rest of the world for that matter. We have been the world’s sucker for so long, we’ve forgotten just what economic power we have.
"I keep asking the establishment shills why America has some moral obligation to tolerate foreign countries imposing higher tariffs upon us than we impose upon them. Seems facially unfair, right? So, there’s got to be a really good reason because how can you support our working people facing a higher obstacle to trade than the foreigners do? I’m just wondering what’s wrong with a level playing field. Fair is fair, right? But I never get a good answer."
Walter Williams should be on Trump’s team. Thomas Sowell too.
bmp
The Canadian dairy cartel limits production to keep prices high. That is all.
Dear God please keep these Free Traitors™ away from the White House!
Yes, there is good and bad about tariffs.
They impost 270% on our dairy. There must be some tariff that would hit them hard, STRATEGIC tariffs, that we could later easily remove.
Even though I really like they guy, this is disingenuous of Williams. Yes, of course tariffs hurt American consumers, but what he purposely leaves out here is that they also hurt other nations trying to sell goods here. The real argument is "Who does it hurt more and can the hurting stop the foreign nation from imposing tariffs on American exports?". I wish his column had addressed that.
Free trade is great when all the participants in the equation are good actors, well intentioned, etc.
It doesn’t work when they aren’t. You wouldn’t sell a gun to a person you knew had a high likelihood to use it against you, no matter what price he offers to pay.
And that’s the probelm with the “capital account surpluses”, foreign entities aren’t all investing in the US for our benefit, they are doing so they can influence us politicially for their benefit.
Dollar for Dollar. If they dont agree, then impose a tariff.
In the short term perhaps, but who would they help in the long term?
RE: So his argument is, it is okay that we send a lot of our money overseas to purchase products, because those foreign companies use that money to purchase ownership in US companies?
If I understand him, that is PART of his argument. His response to that would then be — What’s wrong with foreign businessmen and investors owning American companies? Don’t Americans do the same when they buy stocks in Toyota, or Alibaba if not directly, via International Mutual Funds?
And his next rhetorical question would be this — would foreign investors be so stupid as to allow American companies whose stocks that own to do badly so that they lose money?
His point, if I understand him is this -— investors are investors regardless of whether they are Americans or Asians or Canadians. They have a vested interest in seeing the companies that they own DO WELL. How is that a bad thing?
Go walk around the 55,000 factories closed since 1999 and the surrounding devastated small towns for your answer. North Carolina would be a great place for your education to start.
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