Walmart sounds the alarm: "Trump's trade war will hit Americans hard"

[DeDukshyn]

Posted by enigma3 (here)
There's another thing going on here with big ramifications. China is currently building a canal in Nicaragua that will be larger than the Panama canal. It will take what they call supercargo ships - that cannot go through the Panama canal, even the enhanced canal. I have read that China is currently building three supercargo ships exclusively for Walmart. So we have an economic relationship between China and Walmart. Thus, they each have a vested interest in seeing the other party/both parties do well. If Walmart perceives that China is being negatively affected by a trade war, it will negatively affect Walmart's bottom line. Therefore, it could be argued that Walmart, in defending China relative to a trade war, is simply acting on their own best interests. Since Walmart has no corporate ethics, these kind of things will happen. China and Walmart. Dysfunctional bedfellows.

An American company acting in its own self interest? Unheard of!! (I hate Walmart as much as the next guy - trust me)

Why can't the USA make it profitable for America's own companies to make a profit without outsourcing? That tells me something is already wrong in the USA and that tariffs or trade wars is just a symptom of that, and a band-aid solution - one of those crappy band-aids that don't stick properly and allows infection to set in later.

As Chancy mentioned as what I thought was obvious, this thread is about trade wars in general not being good for Americans, it just started with comments by Walmart. Again just because they say something doesn't make the opposite true. If only things really were that simple.

[DeDukshyn]

Posted by Lettherebelight (here)
...
Valerie Villars, this is so true! Quality of metal and plastic manufactured products from China is extremely poor. They need to up their game in Quality Control.
Western nations consume cheap goods which encourages a ‘throw away and replace’ society.
We need to look at this as a world wide issue.
Homes and landfills are filling up with no longer used products from China.

One part of the equation that I think is overlooked is the overall western economies. The average wage today is worth about 50% less than it was in 1970. True story. The middle class is getting more and more poor consistently sine the 1970's. Weren't computers supposed to make the country more wealthy by replacing manual labour? Wasn't the internet supposed to reduce costs of communications and increase the wealth of the nation?

Haven't any the techno-promises led to greater wealth??

They have!! For banks and corporate America! All the while the middle class has had it's wealth pillaged by these same entities.

The middle class (the consumer) can afford cheap throw - away Chinese goods. That is why they buy them. They can afford only these product because the wealth has been sucked out of the middle class. Do we actually believe that if Americans could easily afford American made high quality long lasting goods, that they would not buy them and support their own country? American companies often do offer high priced high quality equivalents ... why aren't Americans buying them? They can't afford them!

It is wholly an "American" issue, with Trump pointing all fingers at China.

Herein lies the real problem ... and exactly why American consumers - the middle class, will be hit hard by Trump's trade wars.

[chancy]

Posted by DNA (here)

Posted by chancy (here)

Posted by DNA (here)
Tariffs only hurt the consumer. Governments and Big business don't feel the sting of tariffs until people quit buying because of the price increases on products. The problems with tariffs is the government wins by taxing the people through raising the price of goods coming into the country. The is only 1 (one) winner. GOVERNMENTS.

You are focused only on the consumer here. What about production?

Factor in the variables, you can't just parrot back macroeconomics and think you are contributing anything substantial.

We hear economic theory being parroted back from the pundits every day, it is an antiquated and incorrect way of looking at the world.

You are focused only on the consumer here. What about production?

Factor in the variables, you can't just parrot back macroeconomics and think you are contributing anything substantial.

We hear economic theory being parroted back from the pundits every day, it is an antiquated and incorrect way of looking at the world.

Hello DMA and everyone:

I don't know how you are taking this discussion but you are trying to chew off an allies foot! Yes that's my foot....

I understand completely what is going on in the world. Why do you think I started this thread. Unfortunately most of the people on this thread thought the discussion should be about Walmart.

When it's really about the trade war and the tariffs put on by Trump.
This trade war will not end well. Why is the consumer so important. Well if they don't buy from china, the usa or anywhere else in the world we begin to have a recession. Recessions of this magnitude will hurt everyone and all countries unless they don't import and export. I'm not sure there are many of those countries out there at the moment.

I definitely didn't forget production. Here is an episode of VICE regarding the trade war of Trumps. It doesn't look good and VICE does get it!!!

https://streamplay.me/9ueq27li7wbs

This is Vice s06e17

I personally think Trump has no idea what he is doing in regards to tariffs, but that's just my thoughts on the matter.

We could talk about this subject for days and really the only thing that matters is everyone able to have a job and purchase products they can afford. It just so happens that Walmart is where millions and millions of people shop.

It's interesting in Tennessee how the aluminum plant opens to 450 jobs and 10,000 jobs in Tennessee are lost because of tariffs. How dumb. It needs to work the other way...10,000 new jobs and 450 lost jobs.

chancy

[chancy]

Hello Everyone:

It appears we are at an impass on this topic so PLEASE watch Vice season 6 episode 17 before continually talking about Walmart. THis thread is NOT ABOUT WALMART.
Thank you
chancy

https://streamplay.me/9ueq27li7wbs

This is Vice s06e17

[Ernie Nemeth]

Until the sweeping changes brought about primarily by NAFTA, but now other even broader free trade agreements in the works as well, tariffs were the only way to protect a nations interests in regards to trade. Everything was taxed. The talk was always about lowering trade barriers, ie. tariffs on imports. Tariffs were needed because of the unfair advantage of certain sectors of the economy in select nations. Dedukshyn mentioned milk and other dairy products as an example. Canada imposes a limit on production that keeps the supply of milk comparably low thus increases its cost per volume. USA does not. If USA were to sell milk in Canada it would outcompete Canadian producers and ruin their control of the supply and the quality of the milk.

Free Trade between the three nations of North America has been a disaster for the manufacturing sector of both Canada and the USA with Mexico the clear winner in that regard. However, with the opportunity to move their operations to China, the lucrative eastern market lured most of the manufacturing to its doorstep. The incredible profits fueled the jobless recovery of '08. North Americans happily paid the same price for goods from China, with a price tag a full magnitude less (10% of prior cost) and dubiously of equal quality.

With Americans paying inflated prices for cheap goods, the flow of money to the already filthy rich increased dramatically. The pay of the average worker has stagnated in the last two decades while the pay of top tier positions has increased exponetially. Americans are already falling behind due to the unscrupulous actions of American Capatlists.

Throw in the massive trade imbalance with China and the average American is being fleeced like this is the last fleecing before the rapture. Americans spend a lot of dollars that end up in China. The Chineese do not reciprocate...

With the Sino-American trade agreement that exists today, there is no effective way to address this ever growing trade imbalance. The process can take years and be delayed even longer. China is the big winner in that bit of bargaining.

Canada and USA have been gutted by the free trade agreements. Now, when there is an uptick in job creation, chances are it is in the fast food market or sales clerk positions. The remaining manufacturing jobs have not raised their hourly rates in over twenty years.

If a trade deal is obviously not working, the best and most effective way to counter its ill effects is to impose barriers, disincentives, to level the playing field and make it fair.

The American people are being hurt now, and have been hurting for a long time. It is about time someone attempted to right the wrong.

[chancy]

Hello Everyone:
Who said Trump is going to win the strong tactics? The usa has more to lose than China since China exports to the complete world. Lots of customers
chancy

Link: https://ca.news.yahoo.com/china-canc...080048350.html

article;
China cancels U.S. trade talks: WSJ
[Reuters Videos]
Reuters VideosSeptember 22, 2018

China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources. Michelle Hennessy reports.

[Ernie Nemeth]

Chima exports crap. If you want crap, they are your best bet. Unlike Japan, who at least had some pride and improved the quality of their products year after year, the Chineese have no such scrupples. They have no intention of improving their products because they are the masters of 'the knock off' - products that look like the real thing but break almost immediately when put to use. No one will miss Chineese products, except for our disgusting 'captains of industry'.