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Trump's Bullshit Trade Tantrums

Newsprint? 50 jobs at an average of let’s say $40K is a savings of $2,000,000 a year. Newsprint prices rose that much?
 
"To get an unbudgeted increase of this magnitude will be for many publishers very, very serious to catastrophic," said Tom Slaughter, the executive director of the Inland Press Association, which represents about 1,500 daily and non-daily newspapers in every state.

A large metro newspaper can expect annual increases of about $3 million in printing costs, according to Paul Boyle, senior vice president for the News Media Alliance. While larger papers might be able to survive the increase, Boyle said smaller publications might not.

https://www.nbcnews.com/news/us-new...y-about-pricier-newsprint-new-tariffs-n865416
 
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Sure it hurts the Washington Post and New York Times, but this tariff is a backdoor attack on freedom of the press nationwide. It will result in fewer reporters being able to investigate corruption at all levels.
 
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Except when China buys soybeans from Brazil instead of the US, then Japan who used to buy soybeans from Brazil buys them from us instead. Its not like the overall supply and demand for soybeans has changed, all that changes is who buys from who. So this sounds like a big deal, but it really doesn't change much.
 
Except when China buys soybeans from Brazil instead of the US, then Japan who used to buy soybeans from Brazil buys them from us instead. Its not like the overall supply and demand for soybeans has changed, all that changes is who buys from who. So this sounds like a big deal, but it really doesn't change much.

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Except when China buys soybeans from Brazil instead of the US, then Japan who used to buy soybeans from Brazil buys them from us instead. Its not like the overall supply and demand for soybeans has changed, all that changes is who buys from who. So this sounds like a big deal, but it really doesn't change much.

Good thing we'll be able to just charge the same prices and keep the same infrastructure to sell elsewhere.
 
Trump’s Manchurian Trade Policy

Could go several places, I’ll put it here. Trigger warning: Krugman.

Quote (behind paywall)
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Remember “The Manchurian Candidate”? The 1959 novel, made into a classic 1962 film (never mind the remake), involved a plot to install a Communist agent as president of the United States. One major irony was that the politician in question was modeled on Senator Joe McCarthy — that is, he posed as a superpatriot even while planning to betray America.

It all feels horribly relevant these days. But don’t worry: This isn’t going to be another piece on Donald Trump’s collusion with Russia, which is being ably covered by other people. What I want to talk about instead are Trump’s actions on international trade — which are starting to have a remarkably similar feel.

On one side, the “Make America Great Again” president is pursuing protectionist policies, supposedly in the name of national security, that will alienate many of our democratic allies. On the other side, he seems weirdly determined to prevent action against genuine national security threats posed by foreign dictatorships — in this case China. What’s going on?

Some background: International trade is governed by a system of multinational agreements that countries are not supposed to break unilaterally. But when that system was created (under U.S. leadership) in 1947, its framers realized that it had to have a bit of flexibility, a few escape valves to let off political pressure. So nations were allowed to impose tariffs and other trade barriers under certain limited conditions, like sudden import surges.

Meanwhile, the U.S. created a domestic system of trade policy designed to be consistent with these international rules. Under that system, the White House can initiate investigations into possible adverse effects of imports and, if it chooses, impose tariffs or other measures on the basis of these investigations.

As I said, the conditions under which such actions are allowable are limited — with one big exception. Both the international rules and domestic law — Article XXI and Section 232, respectively — let the U.S. government do pretty much whatever it wants in the name of national security.

Historically, however, this national security exemption has been invoked very rarely, precisely because it’s so open-ended. If the U.S. or any other major player began promiscuously using dubious national security arguments to abrogate trade agreements, everyone else would follow suit, and the whole trading system would fall apart. That’s why there have been only a handful of Section 232 investigations over the past half century — and most of them ended with a presidential determination that no action was warranted.

But Trump is different. He has already imposed tariffs on steel and aluminum in the name of national security, and he is now threatening to do the same for autos.

The idea that imported cars pose a national security threat is absurd. We’re not about to refight World War II, converting auto plants over to the production of Sherman tanks. And almost all the cars we import come from U.S. allies. Clearly, Trump’s invocation of national security is a pretext, a way to bypass the rules that are supposed to limit arbitrary executive action.

And their economic side effects aside, the proposed auto tariffs would further undermine our allies’ rapidly eroding faith in U.S. trustworthiness.

Which is not to say that national security should never be a consideration in international trade. On the contrary, there’s a very clear-cut case right now: the Chinese company ZTE, which makes cheap phones and other electronic goods.

ZTE products include many U.S.-made high-technology components, some of which are prohibited from being exported to sanctioned regimes. But the company systematically violated these export rules, leading the Commerce Department to ban sales of those components to the company. And the Pentagon has banned sales of ZTE phones on U.S. military bases, warning that the phones could be used to conduct espionage.

Yet Trump is pulling out all the stops in an effort to reverse actions against ZTE, in defiance of lawmakers from both parties.

What’s behind his bizarre determination to help an obvious bad actor? Is it about personal gain? China approved a huge loan to a Trump-related project in Indonesia just before rushing to ZTE’s defense; at the same time, China granted valuable trademarks to Ivanka Trump. And don’t say that it’s ridiculous to suggest that Trump can be bribed; everything we know about him says that yes, he can.

And if we do have a president who’s bribable, that’s going to give dictators a leg up over democracies, which can’t do that sort of thing because they operate under the rule of law.

Of course, there might be other explanations. Maybe President Xi Jinping told Trump that he needed to abase himself on this issue to get a trade deal he can call a “win.” Somehow this doesn’t sound much better.

Whatever the true explanation, what we’re getting is Manchurian trade policy: a president using obviously fake national security arguments to hurt democratic allies, while ignoring very real national security concerns to help a hostile dictatorship.
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The biggest culprits in allowing Trump's lies about trade are Dems in Congress and the press. The truth is NAFTA (I'm not saying it's perfect) has allowed the US to kick the asses of Canada and Mexico in trade. Our country has so massively benefited that even most of the non-racist morons who support Trump would understand the basics of this.

As crazy as our advantage with Mexico, having a trade surplus with Canada is even more amazing. Most people don't realize we import more oil from Canada than from the entire Persian Gulf combined (https://www.eia.gov/tools/faqs/faq.php?id=727&t=6). We import 4Million barrels of oil per day from Canada. That's over $1.5 Billion/week, yet we still have a trade surplus with them.

Americans, in general and Trumpites especially, are completely ignorant on trade issues.
 
I hope Mexico, Canada and the EU immediately implement 25% tariffs on US farm products, cars and services.
 
Did we talk about this yet?

https://www.cnbc.com/2018/05/31/tru...stop-german-luxury-car-imports-in-the-us.html

Trump reportedly said he wants to stop German luxury car imports in the US

Trump reportedly told French President Emmanuel Macron last month that he would maintain his trade policy with the aim of stopping Mercedes-Benz models from driving down Fifth Avenue in New York.

Europe's autos sector was trading lower shortly after the report was published Thursday, with German automakers leading the losses during mid-morning deals.
 
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