America Last - Biden Admin drops tariffs on over 350 Chinese goods and foods

[Brian4Liberty]

Yep. Ron Paul called it.

https://mises.org/power-market/tariffs-are-not-answer

...

...the truth is that most of the problems plaguing American businesses stem from the US government. American businesses are burdened by thousands of federal regulations controlling every aspect of their operations. The tax system also burdens businesses. Until last year’s tax reform bill, the US had the highest corporate tax rates in the developed world. The tax reform bill lowered corporate taxes, but the US corporate tax rate is still higher than that of many other developed countries.

The United States not only spends more on military weapons than the combined budgets of the next eight biggest spending countries, but also spends billions subsidizing the defense of developed counties like Germany, Japan, and South Korea. Bringing US troops home from these countries is an excellent place to start reducing spending on militarism.

The biggest cause of our economic problems is the Federal Reserve. America’s experiment with fiat currency has enabled a system based on private and public debt. This makes trade imbalances inevitable as the US government needs foreign investors to purchase its debt. Foreign investors get the money to purchase the US government’s debt by selling products to American consumers. A trade war could cause foreign investors to stop buying US debt instruments and could end the dollar’s world reserves currency status. This would cause a major economic crisis — but at least it would stop our shores from being flooded with “cheap foreign goods.”

 

[Brian4Liberty]

The thread title is hilarious.

Here's something that's an unmitigated good for America. There are zero downsides. And there's zero debate to be had about it.

And the usual suspects are calling it "America last."

And the Biden Administration is doing this because they are economic geniuses, or because they are just good people?

 

[Invisible Man]

And the Biden Administration is doing this because they are economic geniuses, or because they are just good people?

I think just because they're economic fools, but merely not as dumb in this particular respect as Trump was. When it comes to his ridiculously stupid views of trade, he is an outlier even by DC standards.

 

[Brian4Liberty]

I think just because they're economic fools, but merely not as dumb in this particular respect as Trump was. When it comes to his ridiculously stupid views of trade, he is an outlier even by DC standards.

And is there also a possibility of corruption, payoffs, bribes, kickbacks, cronyism, blackmail, etc. in play?

 

[Invisible Man]

And is there also a possibility of corruption, payoffs, bribes, kickbacks, cronyism, blackmail, etc. in play?

More than a possibility. I'd say a near 100% likelihood. But whether it be in pretense or in truth, tariffs are lessened, and in that I rejoice.

 

[jmdrake]

More than a possibility. I'd say a near 100% likelihood. But whether it be in pretense or in truth, tariffs are lessened, and in that I rejoice.

Lessening tariffs while stifling U.S. industry even further by blocking trade with Russia for fertilizer is no reason for rejoicing. You can't eat Chinese plastic junk.

 

[Invisible Man]

Lessening tariffs while stifling U.S. industry even further by blocking trade with Russia for fertilizer is no reason for rejoicing. You can't eat Chinese plastic junk.

If you don't want to buy Chinese plastic junk, don't. Lessening tariffs is always a reason for rejoicing, no matter what.

 

[jmdrake]

If you don't want to buy Chinese plastic junk, don't. Lessening tariffs is always a reason for rejoicing, no matter what.

Why? You don't get it. We've been checkmated. The tariffs are being engineered to ONLY hurt Americans.

Edit: Please explain in detail how you believe this move at all helps Americans. Don't just say "I have a religious fetish for low tariffs (because that seems to be what you're doing) so I am rejoicing."

 

[DamianTV]

The US is now a Proxy State of China, and China still wants to conquer Russia, hence why it is now our dirty work.

 

[Pauls' Revere]

Midterm elections are coming, and so is Winter.

 

[Anti Federalist]

If you don't want to buy Chinese plastic junk, don't.

I'd love to.

I'd be willing to pay a premium.

Please provide a link to an American manufactured TV.

Thanks.

 

[Anti Federalist]

Here's the downside. (One of them anyway). Biden is about to cause MASSIVE food shortages by banning the import of Russia fertilizer and oil. Meanwhile China is helping Russia circumvent the sanctions by buying Russian oil. And we're still importing stuff from China. A lot of the plastic junk we buy from China will be made with Russia oil. So...the only people being hurt by America's sanctions are Americans. America LAST!

I owe you a rep.

 

[Anti Federalist]

I think just because they're economic fools, but merely not as dumb in this particular respect as Trump was. When it comes to his ridiculously stupid views of trade, he is an outlier even by DC standards.

The DC swamp, and this administration, are almost universally comprised of hard core leftists and Marxists.

Their contempt and hatred of the American productive class is on display daily.

Nothing they do is done without the ultimate goal of weakening the Republic and hurting the Productive class.

 

[Swordsmyth]

The DC swamp, and this administration, are almost universally comprised of hard core leftists and Marxists. Their contempt and hatred of the American productive class is on display daily. Nothing they do is done without the ultimate goal of weakening the Republic and hurting the Productive class.

That goes for certain trolls as well.

 

[Anti Federalist]

//

 

[tebowlives]

Here's the downside. (One of them anyway). Biden is about to cause MASSIVE food shortages by banning the import of Russia fertilizer and oil. Meanwhile China is helping Russia circumvent the sanctions by buying Russian oil. And we're still importing stuff from China. A lot of the plastic junk we buy from China will be made with Russia oil. So...the only people being hurt by America's sanctions are Americans. America LAST!

3% of our imported oil is from Russia. How does that cause a massive food shortage?

 

[Matt4Liberty]

3% of our imported oil is from Russia. How does that cause a massive food shortage?

Might want to check where fertilizer and fertilizer ingredients come from.

 

[Anti Federalist]

3% of our imported oil is from Russia. How does that cause a massive food shortage?

Because, just like everything else, we stopped producing anything on our own.

In 1995 we imported 21.7 million tons of all fertilizer products.

By 2012 that had increased to 35.5 million tons.

It has increased every year since then.

Russia is one of the main suppliers, since nitrogen fertilizers are made from natural gas.

The War On Oil will increase these costs or war and sanctions will make it become Unobtanium.

Russia has also passed us as the number one wheat producer, as we farm inedible corn for ethanol that is net energy loss for every gallon produced.

 

[TheTexan]

Because, just like everything else, we stopped producing anything on our own.

In 1995 we imported 21.7 million tons of all fertilizer products.

By 2012 that had increased to 35.5 million tons.

It has increased every year since then.

Russia is one of the main suppliers, since nitrogen fertilizers are made from natural gas.

The War On Oil will increase these costs or war and sanctions will make it become Unobtanium.

Russia has also passed us the number one wheat producer, as we farm inedible corn for ethanol that is net energy loss for every gallon produced.

I'm still young enough that I have a future I have to worry about. The only countries that seem to have a decent future in store for them are Russia and China.

And I'm sure as shit not learning Chinese.

The US should run out of wealth to cannibalize within the next 10-15 years if not much sooner.

Europe is not much better.

What little hope I have that remains that Texas/Florida can pull its head out of its ass and do something, erodes basically by the day.

 

[jmdrake]

3% of our imported oil is from Russia. How does that cause a massive food shortage?

You must have missed this thread.

http://www.ronpaulforums.com/showthread.php?558348-We-may-not-have-enough-food-soon

It's not about the oil. It's about the fertilizer.