Message Board Basketball Forum - InsideHoops

Go Back   Message Board Basketball Forum - InsideHoops > InsideHoops Main Basketball Forums > Off the Court Lounge

Off the Court Lounge Basketball fans talk about everything EXCEPT basketball here

Reply
 
Thread Tools
Old 09-11-2018, 05:17 PM   #106
SomeBlackDude
Good college starter
 
SomeBlackDude's Avatar
 
Join Date: Feb 2018
Posts: 3,055
Default Re: Begun the Trade Wars Have

stress tests reveal global stocks would go through bear market territory in a prolonged/escalating trade war. 'murrica would be one of the hardest hit.

US-China trade war could cause a bear market, stress test shows

SomeBlackDude is offline   Reply With Quote
Old 09-12-2018, 12:58 PM   #107
SomeBlackDude
Good college starter
 
SomeBlackDude's Avatar
 
Join Date: Feb 2018
Posts: 3,055
Default Re: Begun the Trade Wars Have

starting today, the anti war talk by 'murrican industries becomes anti war action.

Quote:
As Trump embraces more tariffs, U.S. business readies public fight

WASHINGTON (Reuters) - After months of waging a behind-the-scenes war against President Donald Trump’s trade tariffs that have escalated far beyond what business groups once imagined, more than 60 U.S. industry groups are launching a coalition on Wednesday to take the fight public.

Emergence of the group, Americans for Free Trade, comes after Trump has warmed to the use of tariffs, implementing billions of dollars worth in an effort to use them as a threat to win concessions or in the belief they will create U.S. jobs.

“A lot of other interest groups thought they wouldn’t go this long or go this deep, but the layering effect (of tariffs) has finally gotten everyone to say: ‘Enough is enough,’” said Nicole Vasilaros, the top lobbyist for the National Marine Manufacturers Association, whose members are weighing laying off workers after seeing costs rise as much as 35 percent.

....

The business coalition includes groups representing some of the nation’s largest companies. Among them, the American Petroleum Institute, which represents the largest refiners like Exxon Mobil Corp and Chevron Corp, and the Retail Industry Leaders Association, which represents companies like Target Corp and Autozone Inc.

“There has been a lot of work that has been going on over the last eight months to try to persuade the president and the administration that tariffs are not going to work. Our view is that it’s not too late,” said Dean Garfield, chief executive of the Information Technology Industry Council, whose members include Microsoft Corp, Google owner Alphabet Inc and Apple Inc.

they're putting money into the effort. they will be running campaign style town halls, ads, etc in key battleground states during the mid terms.

Quote:
Trump Tariffs Spark Industry Campaign to De-Escalate Trade War

Trade associations representing farmers, retailers and manufacturers are joining forces in a new multi-million-dollar campaign to oppose President Donald Trump’s tariffs, in the latest attempt by U.S. business to stop an escalating trade war.

Groups lobbying for months to persuade the president that tariffs are the wrong approach have been largely ignored, as Trump slapped duties on billions of dollars of imports from steel to Chinese products. But a new coalition called Americans for Free Trade is joining Farmers for Free Trade to change the direction in Washington by highlighting stories of businesses, consumers and farmers in the heartland negatively affected by the duties.

The groups are launching a campaign of more than $3 million, involving town hall-style events in key congressional districts ahead of the midterm elections, digital advertising and other grassroots outreach to Congress and the administration. More than 80 coalition members are signing a letter to all members of Congress asking for support in fighting the duties and providing oversight on trade policy matters.

sounds like these corporate anti war hippies put fear of the holy ghost into the gawd. now he's talking that peace shit.

U.S. Proposing New Round of Trade Talks With China

smh.
SomeBlackDude is offline   Reply With Quote
Old 09-12-2018, 01:18 PM   #108
Facepalm
Local High School Star
 
Facepalm's Avatar
 
Join Date: Jan 2015
Posts: 1,652
Default Re: Begun the Trade Wars Have

Quote:
Originally Posted by SomeBlackDude
starting today, the anti war talk by 'murrican industries becomes anti war action.



they're putting money into the effort. they will be running campaign style town halls, ads, etc in key battleground states during the mid terms.



sounds like these corporate anti war hippies put fear of the holy ghost into the gawd. now he's talking that peace shit.

U.S. Proposing New Round of Trade Talks With China

smh.
Facepalm is offline   Reply With Quote
Old 09-12-2018, 02:44 PM   #109
shlver
코비=GOAT
 
Join Date: Feb 2009
Posts: 4,341
Default Re: Begun the Trade Wars Have

Trump is an idiot. He doesn't understand what a trade deficit is. If I buy food produced in Mexico, I have a trade deficit with Mexico. What Trump doesn't understand is the other inherent benefits other than financial value such as nutrition, efficiency in growing environment, etc.

Once you add a barrier to trade in the form of tariffs, you don't magically create an industry to match the need, the short term change is price and the consumer eats it.

The fact is Trump is incredibly shortsighted. China's infrastructure and huge labor pool can eat the costs while China's targeted tariffs will affect people who will take an active role in Washington and who gets elected. We're seeing it in the coalition, Americans for Free Trade. This is the end of Trump if he doesn't concede.
shlver is offline   Reply With Quote
Old 09-12-2018, 02:51 PM   #110
Facepalm
Local High School Star
 
Facepalm's Avatar
 
Join Date: Jan 2015
Posts: 1,652
Default Re: Begun the Trade Wars Have

Idiot in Chief just doesn't understand supply chain and international trade

Quote:
Ford does not intend to start producing the small crossover Focus Active in the United States — no matter what the president has tweeted on the topic.

Ford Motor Company announced more than a week ago that it is canceling plans to produce the car in China and sell it in the U.S., citing the financial toll of the Trump administration's tariffs on vehicles imported from China.

On Sunday, President Trump welcomed the news as a positive sign. "This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!" he tweeted.



Donald J. Trump

@realDonaldTrump
“Ford has abruptly killed a plan to sell a Chinese-made small vehicle in the U.S. because of the prospect of higher U.S. Tariffs.” CNBC. This is just the beginning. This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!

8:49 AM - Sep 9, 2018
83.6K
30.6K people are talking about this


Ford, however, has no plans to move production to the United States.

"As we said last month, it would not be profitable to build the Focus Active in the U.S. given an expected annual sales volume of fewer than 50,000 units and its competitive segment," the company said in a statement emailed to NPR.


The automaker emphasized that it already has a substantial manufacturing presence in the U.S.

"Ford is proud to employ more U.S. hourly workers and build more vehicles in the U.S. than any other automaker," the company said. "In addition, Ford is growing its U.S. vehicle lineup — including introducing all-new trucks, utilities, hybrids and fully electric vehicles — and is committed to returning operating margins to 10 percent in North America."

The Ford Focus Active has never been sold in the U.S., and Ford does not currently import any vehicles from China.

But Ford had originally planned to bring the small crossover vehicle to the U.S. market beginning in late 2019.

Quote:
Even cars that are both made and sold in the U.S. are not exempt from the implications of tariffs. The industry group Motor & Equipment Manufacturers Association has expressed concern over tariffs on raw metal, saying they have a destabilizing effect on U.S. manufacturing and that the process of asking for exemptions is "opaque, inconsistent and inaccessible."

https://www.npr.org/2018/09/10/64632...roduced-in-u-s
Facepalm is offline   Reply With Quote
Old 09-12-2018, 02:58 PM   #111
SomeBlackDude
Good college starter
 
SomeBlackDude's Avatar
 
Join Date: Feb 2018
Posts: 3,055
Default Re: Begun the Trade Wars Have

Quote:
Originally Posted by Facepalm
Idiot in Chief just doesn't understand supply chain and international trade

apple's supply chain breakdown:



apple: tariffs will add a 20%+ increase in our products that will be passed on to consumers.

gawd emperor: just build it in 'murrica.

apple:

SomeBlackDude is offline   Reply With Quote
Old 09-16-2018, 02:27 PM   #112
SomeBlackDude
Good college starter
 
SomeBlackDude's Avatar
 
Join Date: Feb 2018
Posts: 3,055
Thumbs down Re: Begun the Trade Wars Have

Trump gives green light to tariffs on $200 billion in Chinese goods

^10% vs the originally planned 25%... that's something at least, right?

in the meantime, there's this:

Quote:
Brutal map shows why U.S. farmers want Trump to 'end the trade war'

The ongoing battle over tariffs between President Trump and China is negatively affecting farmers across the US.

...

“The trade war is having impacts on all agricultural sectors,” Gary Schnitkey, Professor in Farm Management at the University of Illinois, told Yahoo Finance in a phone interview.

According to a recent map, provided by the US Department of Agriculture’s Economic Research Service and highlighted by the farmdoc project at the University of Illinois, the net cash farm income has decreased in every American region in comparison to 2017.

...

“The only answer is to make progress in negotiations with China since they are the biggest soybean consumers,” he said. “Not more government programs, but to make progress.”

Hugh Weathers, South Carolina’s commissioner of agriculture, estimates that “the impact of tariffs on our markets to date is at $70 million.” It’s been causing a steady decrease in agricultural income.

Schnitkey describes the crops in the Eastern Uplands as “a mishmash of things.” There are primarily small farms in the region, which used to be big tobacco producers, but less so now. Beef is a big one. The region is among those being hit the hardest, with 30% less income compared to 2017.

With farmers in that region dealing with yields and being further away from markets, “their base is turning out worse, which is why they’re coming out worse,” he said.

‘End the trade war’


senseless.

SomeBlackDude is offline   Reply With Quote
Old 10-05-2018, 02:00 PM   #113
SomeBlackDude
Good college starter
 
SomeBlackDude's Avatar
 
Join Date: Feb 2018
Posts: 3,055
Default Re: Begun the Trade Wars Have

interesting twist.

earlier this week, gyna announced they will sell about $3 billion in 'murrican treasuries.

markets immediately started tanking following a nice rally after nafta 1.2 was finalized. yesterday the dow was down 340 at one point, down like 220 today. nasdaq is in full meltdown mode the last 2 days.

same thing happened earlier this year- xi sold some treasuries, u.s. markets went through 2 big corrections that they just recently recovered from.

problem for maga is, gyna owns $1.2 trill in u.s. treasuries.

that is tremendous leverage they hold, and they are starting to fire some warning shots across the bow. it's not an accident the timing either, doing it just as the new nafta was being finalized.

that's why the emperor and pence are melting down this week.

xi dada can send us into a full blown economic depression any time he wants.
SomeBlackDude is offline   Reply With Quote
Old 10-14-2018, 03:31 PM   #114
SomeBlackDude
Good college starter
 
SomeBlackDude's Avatar
 
Join Date: Feb 2018
Posts: 3,055
Default Re: Begun the Trade Wars Have

quick update.

another month.

another record surplus for gyna.

Quote:
China’s trade surplus with the U.S. hit a record $34.1 billion in September amid trade war

...

China enjoyed a record high $34.1 billion trade surplus with the United States in September, taking the surplus for the year to date to $225.8 billion, according to Chinese statistics released on Friday. That’s significantly higher than the $196 billion recorded between January and September last year.

The increase is the result of both increasing exports from China to the United States — up 14.5 *percent from the same month last year — and a decline in the goods China is buying from the country.

-jeff bezos owned lyin' washington post

thank you for your time.
SomeBlackDude is offline   Reply With Quote
Old 10-26-2018, 05:35 AM   #115
shlver
코비=GOAT
 
Join Date: Feb 2009
Posts: 4,341
Default Re: Begun the Trade Wars Have

Quote:
“We don’t have any tariffs,” Trump lied to the Wall Street Journal in an interview on Tuesday. He continued: “We don’t even have tariffs. I’m using tariffs to negotiate.”

“Where do we have tariffs? We don’t have tariffs anywhere,” Trump said. “I read that today: ‘We’re worried about the tariffs.’ You know what happens? A business that’s doing badly always likes to blame Trump and the tariffs because it’s a good excuse for some incompetent guy that’s making $25 million a year.”

https://www.wsj.com/articles/transcr...nal-1540388205

You need to have your head so far up your ass to believe a word that comes out of this lying piece of garbage.
shlver is offline   Reply With Quote
Old 10-26-2018, 06:03 AM   #116
fiddy
Raider of Rampage
 
fiddy's Avatar
 
Join Date: Jul 2007
Location: FTS and FTO
Posts: 14,919
Default Re: Begun the Trade Wars Have

Quote:
Originally Posted by shlver
Trump is an idiot. He doesn't understand what a trade deficit is. If I buy food produced in Mexico, I have a trade deficit with Mexico. What Trump doesn't understand is the other inherent benefits other than financial value such as nutrition, efficiency in growing environment, etc.

Once you add a barrier to trade in the form of tariffs, you don't magically create an industry to match the need, the short term change is price and the consumer eats it.

The fact is Trump is incredibly shortsighted. China's infrastructure and huge labor pool can eat the costs while China's targeted tariffs will affect people who will take an active role in Washington and who gets elected. We're seeing it in the coalition, Americans for Free Trade. This is the end of Trump if he doesn't concede.
Here's the thing, buddy, you and other pseudo economic analysts miss in the whole picture is that... both countries are actually going to real war. The issue shouldnt be considered from purely economic perspective, because its not limited to that domain.
fiddy is offline   Reply With Quote
Old 10-26-2018, 06:07 AM   #117
shlver
코비=GOAT
 
Join Date: Feb 2009
Posts: 4,341
Default Re: Begun the Trade Wars Have

Quote:
Originally Posted by fiddy
Here's the thing, buddy, you and other pseudo economic analysts miss in the whole picture is that... both countries are actually going to real war. The issue shouldnt be considered from purely economic perspective, because its not limited to that domain.
In regards to tariffs, the effects ARE limited to economic effects. You're handwaving.
shlver is offline   Reply With Quote
Old 10-26-2018, 06:32 AM   #118
Kblaze8855
Titles are overrated
 
Kblaze8855's Avatar
 
Join Date: Aug 2006
Location: I love me some me.
Posts: 18,941
Default Re: Begun the Trade Wars Have

The BMW plant here which is its biggest in the world and directly or indirectly employing like half my area made everyone watch a video the last two days about how the tariffs are about to force job and hour cuts they will be updated on in coming weeks. They never had cuts here before. They bumped starting pay up to 18 an hour in 2016 and started entire new shifts and a new line for the x7. Now it may never come online due to steel/aluminum issues that cut back what they can import. my friend who works in receiving unloading has had his hours cut for the first time in 8 years.
Kblaze8855 is offline   Reply With Quote
Old 10-26-2018, 06:55 AM   #119
shlver
코비=GOAT
 
Join Date: Feb 2009
Posts: 4,341
Default Re: Begun the Trade Wars Have

Quote:
Originally Posted by Kblaze8855
The BMW plant here which is its biggest in the world and directly or indirectly employing like half my area made everyone watch a video the last two days about how the tariffs are about to force job and hour cuts they will be updated on in coming weeks. They never had cuts here before. They bumped starting pay up to 18 an hour in 2016 and started entire new shifts and a new line for the x7. Now it may never come online due to steel/aluminum issues that cut back what they can import. my friend who works in receiving unloading has had his hours cut for the first time in 8 years.
3M is reporting $100 million and Ford nearly a billion. All of this in the end affect end users, buyers and employees and ancillary industries that rely on metals as input.

Across the board, executives are saying they have the most cost beneficial alternatives planned out, many of them not back to the United States but India, Mexico, and Southeast Asia, etc.

https://www.bloomberg.com/news/artic...ins-from-china
shlver is offline   Reply With Quote
Old 10-26-2018, 07:24 AM   #120
tpols
we already won
 
tpols's Avatar
 
Join Date: Jun 2010
Posts: 22,587
Default Re: Begun the Trade Wars Have

Quote:
Originally Posted by shlver
Trump is an idiot. He doesn't understand what a trade deficit is. If I buy food produced in Mexico, I have a trade deficit with Mexico. What Trump doesn't understand is the other inherent benefits other than financial value such as nutrition, efficiency in growing environment, etc.

Once you add a barrier to trade in the form of tariffs, you don't magically create an industry to match the need, the short term change is price and the consumer eats it.

The fact is Trump is incredibly shortsighted. China's infrastructure and huge labor pool can eat the costs while China's targeted tariffs will affect people who will take an active role in Washington and who gets elected. We're seeing it in the coalition, Americans for Free Trade. This is the end of Trump if he doesn't concede.


He doesn't care. Everything is a short term measure to boast himself. Gives not one single **** about fixing anything long term.
tpols is offline   Reply With Quote
This NBA Basketball News Website Sponsored by:


Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 07:51 AM.






NBA BASKETBALL FORUM KEY LINKS:

NBA Basketball

NBA Rumors

Basketball Blog

NBA Videos

Search Site

FOLLOW US
Twitter
Facebook
Instagram
YouTube
















Powered by vBulletin Version 3.5.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd. Terms of Use/Service | Privacy Policy