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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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Pogeu Mahone
To: TobagoJack who wrote (129903)2/6/2017 7:34:15 PM
From: RetiredNow2 Recommendations  Read Replies (2) of 217593
 
Interesting article. The comments on Trump, though are off based. What that article fails to mention is that China imposes 9% tariffs on US goods on import into China, making them immediately uncompetitive price-wise to similar goods manufactured in China, whereas we don't charge them nearly that much for import into the US. In addition, China doesn't let the US own majority shares of companies doing business in China, so that Chinese owners get the lion's share of the profits. So what Bloomberg and the other liberal media that complain about Trump miss is that what Trump is trying to establish is a level playing field, so that we can compete fairly.

China is the world's best at taking advantage of the US and liberal economic policies have made it so that we have basically been giving free money to China for a couple of decades. When you add to that the rampant theft of IP and corporate espionage that China is engaged in against the US, then Trump's proposed policies look to be far too soft. Look at all the copycat companies China has developed. Is that a coincidence? Nope. They let companies like Google and Apple in briefly to partner with their own firms, then they steal the ideas and the IP, and they reverse engineer the tech, when they can't steal it, then they build their own copy cat companies.

Tariffs are the least of what we should do to China. At some point, we need to stop giving away all of the US' wealth. $20 trillion in debt and counting. How much further should we let our country slide?
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