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Forum - Wall Street Pit    Stock Due Diligence for All

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From: apmoore (Rep: 36) reply to alectricDate: 07/12/2018 00:09
Forum: Wall Street Pit - Msg #2742391Thread #674020699 (Rec: 0)
Re: Do you think the tradeoff of gaining more jobs for Americans in the steel...

And I'm not sure how it really hurts China. The danger is that China has no trouble finding buyers around the world. Their products are cheap, they keep profit margins very high in other countries that import from them and when everyone is happy, they impose higher tariffs on goods coming into the country. They literally exploit capitalism of other countries, and then crush the competition with their communism -- government subsidies of Chinese firms. I don't think they need the US. Years and years of importing from the US, while extrapolating the science behind any goods or technology from those imports and using that to develop their own version of those same goods and technologies to compete against the US has put China in a very strong position on the Global economic front.

I think the move to domestic consumption works out very well in the long term for the US. Trump presidential term in office wouldn't see the benefits of it, but it would bear fruit afterwards. That move alone creates a huge industry of mineral resource extraction, mining, drilling, etc. in order to produce all the parts needed for fully homegrown home-produced American products. Its now or never for the US domestic consumption. It doesn't have to be a permanent fixture in US economics, but a sense of balance doesn't hurt from time to time. No problem with Global economics, but nothing should go in one direction for too long unopposed.

Reply to alectric - Msg #2742389 - 07/11/2018 22:12

Re: Do you think the tradeoff of gaining more jobs for Americans in the steel...businesses in that sector will be hesitant to hire because they need long term certainty. They may lease robots if those jobs can be performed by them as a short term stop-gap measure. The problem with the tariffs across the board is that there is no product totally made in America. The parts come from China and other places. There is just too much interdependency in the supply chain. Trump is using the tariff threat as a negotiating tactic. If it fails and he has to follow through on the tariff on $200B of Chinese goods, it will be so disruptive to American jobs that, as you say, it will spell the end of his Presidency. People vote their pocketbooks.
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