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Topic History of: Tariff news
Max. showing the last 5 posts - (Last post first)

Author	Message
hedda	One reason why China will win any sort of "tariff war" as Trump now appears to be backing down. I think this comes after apparent meetings with the heads of Walmart. Lowes, Costco and other good suppliers who no doubt explained real problems with their supply chains were about to emerge. My father worked in China in the 70s on and off over about 4 years helping set up and lecture young Chinese business folk on how Western banking systems worked. Apart from concluding China would run the world one day, he was amazed how in the whole of Chinese society there was a cultural belief that each generation had serious obligations to future generations which was something that existed before and after Communism took over. The Chinese not only beavered away to improve their current lives, they see it essential that their current efforts also help improve the lives of citizens in 100/200 years. All to do with the huge respect they have for their ancestors. So the current leaders can not just back down for current quick advantage rather they have to keep the future in mind. They play the long game. # lecture ends here.
hedda	Wyot wrote: I don't understand tariffs - could you explain them to us again Hedda? No. It's bloody self evident a new tax will drive up prices. And I said John Deere were in trouble. But it's complex as a lot of their sales are abroad especially in South American where they have a Mexican factory. In the USA not so good. The other Great Irony with China using Capitalism to build it's extraordinary economic miracle over the decades is that US Capitalist corporations have used Communism in China by sending their manufacturing there. How ironic. This whole situation is not of Trump's making (although the Tariff War is) as every US president since JFK has sat by & watched corporate America send manufacturing off shore without a single one using any sort of encouragement to stay in the US. It's the beginning of the end of the American Empire which ruled the 20th Century.
Wyot	I don't understand tariffs - could you explain them to us again Hedda?
Green Man	Fortunately Florida has ditched child labour laws so MAGA kids can look forward to life on a strawberry farm. I like the idea of kids working outside picking crops in the fresh air. Kids have paper rounds, Summer jobs, apprenticeships, work experience and in the past we had Saturday jobs. I am sure parents will encourage their kids to work for their own money and learn that the Bank of Mummy and Daddy does eventually close.
Green Man	Farmers have stopped buying John Deere tractors for a while now Hedda you city slicker. www.dailymail.co.uk/yourmoney/consumer/a...-layoffs-mexico.html www.johnboydjr.com/blog/national-black-f...oycott-of-john-deere