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Buffet commented on Tariffs awhile ago (before Trump was in office), but he actually said having a large trade imbalance typically isn't a good thing for the US.
When you have a large trade deficit with a country for a prolonged period of time, this can actually hurt US sovereignty. So it's important to impose tariffs or other measures to decrease the trade gap.
The simplistic explanation is that when China produces a lot of cheap goods, the US buys them and the Chinese corporations/economy increases. This means they now have the capital to prosper, increase their economy, etc. The Chinese have been very tactical over the last 30 years. Just look at their country now, they're a huge super power. This in part is because of the US supporting their manufacturing sector.
Of course, this is super simplistic and there are many factors, but now this is a problem because China is challenging the US economically. I think this vlogger ishowspeed really put China on the map for Americans. China is so advanced, it's pretty crazy. If you look at the US, they look primitive comparatively.
Long story short, having a wide trade gap isn't good for the US in the long term.
Buffet commented on Tariffs awhile ago (before Trump was in office), but he actually said having a large trade imbalance typically isn't a good thing for the US.
He also did say that tariffs are an effectively an act of war (and I agree).
Quote:
Originally Posted by PeanutButter
When you have a large trade deficit with a country for a prolonged period of time, this can actually hurt US sovereignty. So it's important to impose tariffs or other measures to decrease the trade gap.
The simplistic explanation is that when China produces a lot of cheap goods, the US buys them and the Chinese corporations/economy increases. This means they now have the capital to prosper, increase their economy, etc. The Chinese have been very tactical over the last 30 years. Just look at their country now, they're a huge super power. This in part is because of the US supporting their manufacturing sector.
Of course, this is super simplistic and there are many factors, but now this is a problem because China is challenging the US economically. I think this vlogger ishowspeed really put China on the map for Americans. China is so advanced, it's pretty crazy. If you look at the US, they look primitive comparatively.
Long story short, having a wide trade gap isn't good for the US in the long term.
Agree with this and the general complexity of trade. While it's not a zero sum game and nations should absolutely trade freely there are tradeoffs to be made in terms of dependence or sovereignty. It's the old story that no countries that have both had McDonald's have ever gone to war with each other - it's just another way to say don't go to war with people you're doing business with.
American offshoring their "cheap" jobs enabled China to become a superpower - a superpower that now, increasingly, has the most capable and educated workforce. America, like it often does, was super short sighted and as they offshored jobs they didn't reeducate those workers and move them up the value chain so America now doesn't have the engineers they desperately need.
“For over 70 years, China’s development has relied on self-reliance and hard work — never on handouts from others, and it is not afraid of any unjust suppression,” Xi said according to state broadcaster CCTV during his meeting with the Spanish prime minister."
The Chinese is used the the bad times, you can see it in the parents generations. They are used to eating leaves and being dirt farmers.
Chinese will not call them. Meanwhile xi is visiting Vietnam and Japan. Cuz they give him face.
Xi is very wary that Cheeto would ambush him in a one on one negotiation similar to the Cheeto and Vance ambush on Zelensky.
I don't think Emperor Xi knows English -- at least, he is definitely not fluent in it. So there is zero chance Xi will run into a Zelensky-like dress down from Trump.
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Quote:
Originally Posted by westopher
The whole world has gone down a road no one can recover from, and it's nothing to do with governments, it's because so much of the general public is so fucking stupid.
I don't think Emperor Xi knows English -- at least, he is definitely not fluent in it. So there is zero chance Xi will run into a Zelensky-like dress down from Trump.
China needs a leader like Jiang Zemin
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Trump: “He made $2.5 million, and he made $900 million! That’s not bad!” Trump said, pointing to financial investor Charles Schwab and then NASCAR team owner Roger Penske. The men were part of a visiting guest contingent of mostly racing notables."
Man, this is unbelievable.
Fuck Trump, fuck his bootlicking supporters, these people fucking disgust me, I've come to a point where I will happily cut off friends and acquittances that provide excuses to this man's agenda.
All the signs were there, all the evidence was as clear as day as to what this guy stood for, yet people still fell for the grift.
Bank of America Securities analyst Wamsi Mohan said in a Thursday note that the iPhone 16 Pro, which is currently priced at $1,199, could increase 25% based on labor costs alone. That would make it a roughly $1,500 device.
Wedbush's Dan Ives pegged $3,500 as the U.S. iPhone's price shortly after last week's tariff announcement, estimating that Apple would need to spend $30 billion over three years to move 10% of its supply chain to the U.S.
Even if Apple spent heavily to get Foxconn or another partner to agree to build some iPhones in the U.S, it would take years to construct the plants and install the machinery, and there's no guarantee that U.S. trade policy might not change yet again in a way to make the factory less useful.
The biggest issue with Uncle Sam's iPhone is that the U.S. doesn't have the same workforce as China – though the massive number of workers needed to build iPhones is one of the attractions for the Trump administration.
Bank of America Securities' Mohan estimated on Thursday that the labor cost for assembling and testing an iPhone in the U.S. would come in at $200 per iPhone, up from $40 in China.
Apple CEO Cook has also said that another issue is that American workers don't have the right skills. In a 2017 interview, Cook said there aren't enough tooling engineers in the U.S. Those engineers work on and configure the machines that take the sophisticated designs from Apple, which come in the form of computer files, and transform them into physical objects
Wonder how much money trump’s buddies made from tech stocks after this announcement…
__________________ Do Not Put Aftershave on Your Balls. -604CEFIRO Looks like I'm gonna have some hot sex again tonight...OOPS i got the 6 pack. that wont last me the night, I better go back and get the 24 pack! -Turbo E kinda off topic but obama is a dilf - miss_crayon Honest to fucking Christ the easiest way to get a married woman in the mood is clean the house and do the laundry.....I've been with the same girl almost 17 years, ask me how I know. - quasi
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