Join Early Retirement Today
Closed Thread
 
Thread Tools Search this Thread Display Modes
Trade wars
Old 03-03-2018, 09:53 AM   #1
Thinks s/he gets paid by the post
dtbach's Avatar
 
Join Date: Apr 2011
Location: Madison
Posts: 1,279
Trade wars

I don't see how increasing tariffs will be good at all for the market. Will this be the straw that breaks the camels back?
__________________

__________________
Wild Bill shoulda taken more out of his IRA when he could have. . . .
dtbach is offline   Reply
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-03-2018, 10:25 AM   #2
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 1,497
Quote:
Originally Posted by dtbach View Post
I don't see how increasing tariffs will be good at all for the market. Will this be the straw that breaks the camels back?
[Let me say up front that as a Econ major and investor, I don't like that it is being proposed/done.]

It't not, unless the market is US Steel et al.

Not necessarily. Remember the game of chicken in the 50's? It depends on who blinks first....unless neither blink. It also helps (potentially) in terms of the voters of PA, OH, MI, WI - which are key to the 2020 election.
__________________

copyright1997reloaded is offline   Reply
Old 03-03-2018, 10:27 AM   #3
Thinks s/he gets paid by the post
USGrant1962's Avatar
 
Join Date: Dec 2016
Location: DC area
Posts: 1,384
I don't like the tariffs but I'm wondering if this is just a first negotiating position - the art of the deal and all.
__________________
FI and Semi-ER March 24, 2017
Consulting to stay engaged

"All models are wrong, some are useful." - George Box
USGrant1962 is offline   Reply
Old 03-03-2018, 10:28 AM   #4
Thinks s/he gets paid by the post
mpeirce's Avatar
 
Join Date: Feb 2012
Location: Columbus area
Posts: 2,325
Quote:
Originally Posted by USGrant1962 View Post
I don't like the tariffs but I'm wondering if this is just a first negotiating position - the art of the deal and all.
Exactly
mpeirce is offline   Reply
Old 03-03-2018, 11:02 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 10,371
Newton's third law of motion:

"When one body exerts a force on a second body, the second body simultaneously exerts a force equal in magnitude and opposite in direction on the first body."


Read an article that if others retaliate, no one wins in the end.

Might see soda or beer served in paper cups (well, maybe not to that point just yet) .
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline   Reply
Old 03-03-2018, 11:14 AM   #6
Thinks s/he gets paid by the post
timo2's Avatar
 
Join Date: Jul 2011
Location: Bernalillo, NM
Posts: 2,289
The world has been down this path before. Trade Wars are not uncharted territory. Trade wars are bad for everyone. This has not happened recently because of all the international mechanisms set up to prevent trade wars (trade negotiations, treatys, international trade courts, etc.). Does no one with influence read history?
__________________

"This is the year 2020 and nothing is OK" ...Lois Griffin
timo2 is offline   Reply
Old 03-03-2018, 11:20 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
harley's Avatar
 
Join Date: May 2008
Location: No fixed abode
Posts: 7,789
My biggest concern is the price increase in soda, which I drink a lot of (diet, so don't give me a hard time). I drink beer out of bottles, but I'm sure when they have to raise the price of cans, they'll spread it to the bottled beer too smooth the increase.

I know one of the main reasons given for the tariffs is a national security issue, that we need to be producing the materials for our weapons instead of importing it from potential enemies, but the major trading partner for aluminum is Canada. As someone else said, if it gets to the point where they are an enemy, we've got bigger problems than aluminum imports. I hope this doesn't go through. Nobody wins a trade war.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
harley is offline   Reply
Old 03-03-2018, 11:21 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Nemo2's Avatar
 
Join Date: May 2011
Location: Belleville, ONT
Posts: 7,313
How does GATT (Article 6) 'Anti-Dumping' feature in this, vis-a-vis steel?
__________________
"Exit, pursued by a bear."

The Winter's Tale, William Shakespeare
Nemo2 is online now   Reply
Old 03-03-2018, 11:25 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 10,371
European Union (EU) responding by weighing with tariffs of their own. On Harley-Devidson motorbikes, bourbon whiskey and Levi's jeans.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is offline   Reply
Old 03-03-2018, 11:28 AM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,401
Quote:
Originally Posted by harley View Post
My biggest concern is the price increase in soda, which I drink a lot of (diet, so don't give me a hard time). I drink beer out of bottles, but I'm sure when they have to raise the price of cans, they'll spread it to the bottled beer too smooth the increase.

I know one of the main reasons given for the tariffs is a national security issue, that we need to be producing the materials for our weapons instead of importing it from potential enemies, but the major trading partner for aluminum is Canada. As someone else said, if it gets to the point where they are an enemy, we've got bigger problems than aluminum imports. I hope this doesn't go through. Nobody wins a trade war.
You sell us more steel than we sell you. Two can play at this game.
Meadbh is offline   Reply
Old 03-03-2018, 11:41 AM   #11
Thinks s/he gets paid by the post
flintnational's Avatar
 
Join Date: Mar 2008
Location: Atlanta Suburb
Posts: 1,352
IMHO, trade is over rated. We make all of our own stuff including the computer I am typing on. Just this morning the misses was making bread, soap and clothes. I am splitting roof shingles this afternoon and then I am going to roast my own coffee beans (which I grew) and plow the back forty (which I cleared with my bare hands). Tomorrow I may fire up the smelter and smelt some ore (which I mined). I am really dreading next year. It will be time to build a new car.
__________________
"Oh, twice as much ain't twice as good
And can't sustain like one half could
It's wanting more that's gonna send me to my knees" - John Mayer
flintnational is online now   Reply
Old 03-03-2018, 12:03 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
harley's Avatar
 
Join Date: May 2008
Location: No fixed abode
Posts: 7,789
Where do you have your clean room for producing your circuit boards and chips?
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
harley is offline   Reply
Old 03-03-2018, 12:06 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
harley's Avatar
 
Join Date: May 2008
Location: No fixed abode
Posts: 7,789
Quote:
Originally Posted by easysurfer View Post
European Union (EU) responding by weighing with tariffs of their own. On Harley-Devidson motorbikes, bourbon whiskey and Levi's jeans.

I don't know about the bikes, but the other two are going to piss off a lot of European consumers. I guess that's why it's called a trade War.

HFWR, since you're going to Italy and Paris, you might want to wear a dozen pairs of Levis on the trip over. Black market sales could pay for your trip.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
harley is offline   Reply
Old 03-03-2018, 12:26 PM   #14
Thinks s/he gets paid by the post
 
Join Date: Nov 2011
Posts: 3,441
"What we learn from history is that we don't learn from history."
GrayHare is offline   Reply
Old 03-03-2018, 12:33 PM   #15
Thinks s/he gets paid by the post
 
Join Date: Oct 2013
Posts: 1,394
Quote:
Originally Posted by GrayHare View Post
"What we learn from history is that we don't learn from history."
+1

And those who don't learn from history are destined to repeat it. Or so said someone much wiser than me.
__________________
“Before you criticize someone, walk a mile in their shoes. That way, you’ll be a mile from them, and you’ll have their shoes.” – Jack Handey
candrew is offline   Reply
Old 03-03-2018, 01:09 PM   #16
Thinks s/he gets paid by the post
flintnational's Avatar
 
Join Date: Mar 2008
Location: Atlanta Suburb
Posts: 1,352
Quote:
Originally Posted by harley View Post
Where do you have your clean room for producing your circuit boards and chips?
The clean room is fairly easy. It just takes a lot of plastic wrap. The hard part for us do it your selfers is slicing the home made plastic wrap as thin as the comercial stuff.
__________________
"Oh, twice as much ain't twice as good
And can't sustain like one half could
It's wanting more that's gonna send me to my knees" - John Mayer
flintnational is online now   Reply
Old 03-03-2018, 01:45 PM   #17
Administrator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Sheltered in place
Posts: 31,876
I highly recommend Michael Pettis’s book “Global Rebalancing” for a discussion on trade. He is one of the world’s top economists on economic growth and trade policy. “Global Rebalancing” is not a textbook, it’s more a series of essays that explain current trade imbalances and discuss different policy measures. You can find the book here.
MichaelB is online now   Reply
Old 03-03-2018, 01:58 PM   #18
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,120
Quote:
Originally Posted by USGrant1962 View Post
I don't like the tariffs but I'm wondering if this is just a first negotiating position - the art of the deal and all.
Exactly and if this is just an opening shot across the bow, the timing does seems a little goofy in light of the on going NAFTA trade talks.
__________________
The only thing constant in life is change.
frayne is offline   Reply
Old 03-03-2018, 02:05 PM   #19
Administrator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Sheltered in place
Posts: 31,876
This can be an interesting discussion on global trade and the impact of tariffs, but there’s no need to get into election related themes.
MichaelB is online now   Reply
Old 03-03-2018, 03:32 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Chuckanut's Avatar
 
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 10,543
I have read suggestions that in the past foreign governments have aimed their 'retaliation' at businesses located in states that have politicians that favored the tariffs.

This may be even more complicated than it seems. Overall, I am in the camp of those who generally oppose tariffs. OTOH, If some countries with unfair tariffs and restrictions on our products won't play fairly......

Like my old grand-pappy used to say "When you want a donkey to get moving, the first thing you do is hit it over the head with a 2x4 to get its attention".
__________________

__________________
The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline   Reply
Closed Thread


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

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

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Canadian ETF Price Wars naggz Stock Picking and Market Strategy 0 03-26-2014 07:11 PM
And you thought you'd seen flame wars before... cute fuzzy bunny Other topics 31 01-02-2008 07:09 AM
Space War, Star Wars, or what? FinanceDude Other topics 7 10-04-2007 04:50 AM
The secret cause of flame wars cute fuzzy bunny Other topics 23 02-15-2006 08:16 AM
Star Wars mania laurence Other topics 3 05-18-2005 09:19 AM

» Quick Links

 
All times are GMT -6. The time now is 04:42 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
×