Why US-China trade war risks hurting firms in both countries

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  • WatchDog Draper, UT
    June 18, 2019 12:15 p.m.

    Thank you, President Trump, for recognizing what China has been doing for years -- and being willing to do something about it! (Unlike our leaders of the past 50 years.)

  • worf McAllen, TX
    June 18, 2019 12:22 a.m.

    No wonder our world has problems.

    China has poverty/slave labor and all people can think about are the price of goods and firms not hauling in a ton of money.

    Pathetic!

  • WallE Walla Walla, WA
    June 17, 2019 7:40 p.m.

    Thid - Two comments. Double the GDP under Trump? Who's numbers are you looking at? You'd have to to all the way back to the Clinton timeframe to say we doubled the GDP.

    Second, you said no nation taxes it's self into prosperity. Agreed. And a tariff is a tax.

    Prosperity comes with stability. These tariffs aren't stable, on one week off the next.

    What happened to the GOP values?

  • Thid Barker Victor, ID
    June 17, 2019 5:14 p.m.

    Unemployment in America is at near record lows! More people have jobs in America today than at any other time in our history and wages are up! GPD is double what it was before President Trump was elected! I would say his tax cuts worked really well. I would love to tell you how much I pay in taxes but that's MY business, not yours! Why? Because its MY money, not yours!

  • RedShirt_CDLofWY Montezuma Creek, UT
    June 17, 2019 4:49 p.m.

    @Thid Barker”

    “What other people worked for, does not belong to you”

    So, I can stop subsidizing your kids with my property taxes and higher income taxes to cover YOUR many dependent exemptions? But I digress...

    The $1.5 trillion corporate welfare check was sold to us as a panacea to bring jobs and manufacturing back to the US. It obviously hasn’t. Why did you not address the fact the the tax bill was sold a “bill of goods” by congress?

  • Thid Barker Victor, ID
    June 17, 2019 3:48 p.m.

    "I thought the $1.5 trillion welfare check to corporate America would fix this...."

    What other people worked for, does not belong to you and therefore is not "welfare". The problem with socialists is they think the have to right to spend other people's money like it belongs to them! It doesn't. It belongs to those who EARNED it! No nation ever taxed themselves into prosperity! Over taxed businesses and people don't invest in job creation, don't invent technology and don't invest in anything. Why should they? The best way to kill prosperity is punish prosperity with high taxes! Soon, there will be very few tax payers and lots and lots of tax consumers!

  • RedShirt_CDLofWY Montezuma Creek, UT
    June 17, 2019 1:33 p.m.

    @Thid Barker, et al,

    I thought the $1.5 trillion welfare check to corporate America would fix this by bringing the production of goods and services (production these same welfare recipients shipped off-shore to reduce costs and increase profits) back to the US. What happened?

  • 2 bits Cottonwood Heights, UT
    June 17, 2019 1:20 p.m.

    @BackTalk
    RE: "Trump is the only US President who has recognized what China is doing to America by stealing our technology and killing whole US industries by driving them out of business with subsidized products"...
    ---
    All Presidents in my lifetime have recognized what China is doing, and complained (a lot). Trump is just the first to actually DO Something about it. But they all acknowledged it.

    Google "Assessing U.S.-China relations under Obama administration"...
    ---
    He acknowledged there was a problem. Jon Huntsman Jr worked on those problems. Those problems were in the news. Even China State Sponsored Hacking/cyber warfare.

    Google "Cyberwarfare by China - Wikipedia"...

    It didn't start when Trump took office. It's been going on for decades.

    Where did Ed Snowden go immediately after steeling US NSA secrets? China. Why?

    China has been hacking computers in America and steeling American technology and patents for decades. Trump wasn't first to acknowledge it. He is just first to do something this significant about it.

    ===

    And why does that drive people in the US News Media crazy?

    Not because it's China. Because it's Trump.

  • Back Talk Federal Way, WA
    June 17, 2019 12:06 p.m.

    Trump is the only US President who has recognized what China is doing to America by stealing our technology and killing whole US industries by driving them out of business with subsidized products. It is a type of war and those who do not recognize that our naive and foolish.

    As in any war, their is cost and pain. It must be fought otherwise things will get worse for America. Businesses need to look for other sources of product other than China. There can be no going back to the past practice of letting China do whatever they want.

    China is a very poor World Citizen and the US and our Allies should work together to force them to change. THey could solve the problems with North Korea if they wanted. They are the worst pollution offenders and help get drugs into American.

  • Thid Barker Victor, ID
    June 17, 2019 12:00 p.m.

    For those of you who don't get it; If I buy $500 billion/year more from you than you buy from me, you will do just fine but how will I make a living and pay MY bills? NOBODY in China is going to pay your bills but we are paying their bills to the tune of $500 billion/year. Furthermore, businesses and workers in China do not pay taxes in America. Jobs in China don't help me or you get a good job in America! Without jobs, how will I or my neighbors live? Of all people, liberals should support tariffs (fair trade) because without American taxpayers, who will pay for all your socialism? All our $500 billion/year trade deficit does is force Americans to pay for China's socialism! Just another example of how socialism can only exist if it is subsidized by capitalism! Destroy capitalism and there is no money to pay for socialism! Venezuela, Cuba former USSR, and yes, China, (minus America's money) where everyone is equally poor.

  • Impartial7 DRAPER, UT
    June 17, 2019 11:22 a.m.

    China can crash our economy and cause global chaos-overnight. Somebody needs to explain to Trump that China is our largest creditor (he understands creditors-only he can't stiff China). They hold 1.2 Trillion dollars of our debt. They can start putting financial pressure on us and we can't pay. We are not in position of strength or power in dealing with China, any more than you think you can dictate terms and policy to your mortgage holder. If they want to play mean, we lose. So tired of winning.

  • unrepentant progressive Bozeman, MT
    June 17, 2019 10:36 a.m.

    Whoever claimed that the tariffs worked to get Mexico to deal with the President on immigration needs to get out more.

    As revealed by both our Press and the Mexican government, Trump got nothing. Nada. Zilch. Zero. Anything in their agreement was already agreed upon as well. This was an obvious political stunt to suck the oxygen out of whatever the Trump scandal of the day. It's the pattern of the President to create chaos when bad personal news gets out. And it seems to work most every time.

    Nobody really believes the President. I can't imagine even his most ardent admirers really believe the nonsense he spouts on a daily basis. American business is telling the President to lay off the bluster because it hurts them even when it is just bluster. Corporate America really hates the idea of conflict and unsteadied markets. It disrupts profits.

    Whatever happened to those free trade conservatives that now kowtow to tariffin' Trump? Has he neutered you folks as well?

  • 2 bits Cottonwood Heights, UT
    June 17, 2019 10:10 a.m.

    @Impartial7
    RE: "China has been around since 1600 B.C.. They are patient. They know Trump is a fool. They'll out wait him until America regains its sanity and votes him out"...
    ---
    Yah...

    As if we never had trade problems with China till Trump came along. And we won't have any trade problems with China if we can just get rid of Trump.

    Shees... what a crock of partisan malarkey.

  • RiDal Sandy, UT
    June 17, 2019 9:34 a.m.

    Conservatives want free trade.
    But we also want fair trade. Tariffs are a, hopefully temporary, method of putting pressure on China to get them to stop their currency manipulation, subsidy of their own industries, intellectual property theft, and the tariffs they had already in place on US goods.

    The tariffs seem to be working Already China had reduced tariffs on automobiles imported from the USA.
    OK...I'll pay a little more for my fireworks and soybeans for a while. No big deal.

  • Impartial7 DRAPER, UT
    June 17, 2019 9:18 a.m.

    China has been around since 1600 B.C.. They are patient. They know Trump is a fool. They'll out wait him until America regains its sanity and votes him out.

  • Thid Barker Victor, ID
    June 17, 2019 9:04 a.m.

    China has heavy tariffs on American goods thus locking out any market in China for American goods. Yet China demands open access to American consumers for their products? Fair trade or no trade!

  • 2 bits Cottonwood Heights, UT
    June 17, 2019 8:24 a.m.

    Tariff talk is mostly a bluff. And sometimes it works (like in Mexico last week). But for a bluff to work... sometimes you have to follow through and impose the tariffs you are talking about (even if temporarily, to get the other side's attention).

    I don't think it's a good negotiating tactic myself, but I'm not president. And I don't pretend the President needs to consult me before doing things the way he thinks will work.

    I don't think tariffs work. Threatening tariffs sometimes works (if you get them back to the negotiating table).

    But tariffs, actually the tariff it's self, doesn't work in the long run. The costs are just passed along to the consumer. So even if it saves US jobs, it hurts US consumers (in the long run)

  • bamafone Salem, UT
    June 17, 2019 8:07 a.m.

    I hope he expands them.