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Old 02-07-2017, 09:24 PM   #1
Ross
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Default Trump and trade protectionism .

So you are a believer in free trade and you think Trump is a
neanderthal for suggesting adoption of trade protectionist policies ????
Fine , great idealism but how exactly would you solve a $500 Billion annual
trade deficit problem ?

Bearing in mind that ......
Quote:
Exports add to the economy; imports subtract from
the economy. And the new White House figured that out. Shipping jobs
overseas hasn’t been helpful either. The new White House has figured
this out too. And suddenly there’s a huge ruckus about something that
should have caused a huge ruckus 25 years ago – before it got this far
out of whack.




Full article found here .

..
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Old 02-07-2017, 11:43 PM   #2
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Sorry Canada but when I look again at that chart by far
the easiest kill is you . Watch your ass .


Then again it could be that Chinese goods are just using
Canada as a convenient entry path way to the USA .
If so then one might reasonably ask if Canadian house
prices have been driven higher by Chinese using the
Canadian trade route to get their money out of China ( fake invoicing )
whilst simultaneously gaining a taxation advantage .

..
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Old 02-07-2017, 11:54 PM   #3
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I view China as the easiest kill. If he is real about all this (which I don't believe), then it will not end well.
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Old 02-08-2017, 08:32 AM   #4
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I am guessing that Canada probably exports a lot of raw materials/commodities
( lumber , agriculture , minerals , energy , etc ) that the USA can source
internally with little effort .

..
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Last edited by Ross; 02-08-2017 at 08:41 AM.
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Old 04-25-2017, 07:33 AM   #5
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Ross said ..
Quote:
Sorry Canada but when I look again at that chart by far
the easiest kill is you . Watch your ass .
Quote:
Trump Announces 20% Tariff On Canadian Softwood Lumber Imports
Yall know I am not the kind of person to say ''told ya so'' don't you .

Full article found here .

..
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Old 04-25-2017, 09:56 AM   #6
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Trump now says ....
Quote:
saying "Canada has made business for our dairy farmers in Wisconsin and other border
states very difficult. We will not stand for this. Watch!"
Those shifty Canadians are at it again .

Cheap milk eh , you Canadians are udderly evil .

..
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Last edited by Ross; 04-25-2017 at 10:06 AM.
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Old 04-25-2017, 01:34 PM   #7
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There are too many dairy producers in the US, that is the problem. Even the US dairy farmers have admitted this recently on our newscasts. Instead of letting the (US) market naturally deal with over production, Trump is going after us.

Softwood is an issue that has been going on for decades.

As for China using us as a backdoor, doubtful. The trade numbers are high with Canada for many reasons. As an example, a car crosses the border, back and forth, about 7 times before it is complete and ready for sale. Each bit crossing either way is counted in the trade numbers.

Trump needs to be careful in messing around in trade (and punishing us) in Canada. A shitload of US jobs are tied to that trade. And we are currently in China, and recent news has a trade deal wanted with China within two years.

Just had counter-vailing duties slapped on the Canada, per press conference. Will look for link.
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Old 04-25-2017, 02:13 PM   #8
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US gov't (Ross, Commerce Secretary) says Canada's softwood coming from provincially-owned, Crown land is "inappropriate process". (live, CBC)

Dude, maybe US softwood coming from private land in the US is "inappropriate process."

I say we pull out of 5 Eyes, in retaliation.

Hope Americans enjoy the higher lumber prices.

Oh, and US milk and dairy has a horrible reputation up here. Can't see Canadians knowingly buying it if Trumps succeeds in flooding our market.

Oh, now dweeb says we are "dumping" lumber. Dweeb ignoring question about our previous 5 wins at WTO over this never-ending softwood dispute.

I'm good with no longer trading anything with the US.
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Old 04-25-2017, 03:52 PM   #9
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This is colossally stupid. We are relatively balanced with Canada in terms of exports vs. imports. China and Mexico not so much. I guess Canada is an easier target.
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Old 04-25-2017, 07:35 PM   #10
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Quote:
Originally Posted by Ross View Post
Sorry Canada but when I look again at that chart by far
the easiest kill is you . Watch your ass .


Then again it could be that Chinese goods are just using
Canada as a convenient entry path way to the USA .
If so then one might reasonably ask if Canadian house
prices have been driven higher by Chinese using the
Canadian trade route to get their money out of China ( fake invoicing )
whilst simultaneously gaining a taxation advantage .

..

You would be surprised how many Chinese manufacturers have Canada "branches".

You make a deal with the Chinese company but the products is "sold" by the Canadian arm. Invoice is paid in C$.
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Old 04-25-2017, 08:28 PM   #11
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Ross, house prices have risen here due to historically, ridiculously low mortgage interest rates. They have dropped for the last 14 years. In 2003 we bought our house at somewhere around 6%. At that time, I thought it was a bargain. Every 5 years we renew (reset), and each time the interest rate has dropped further. Four years ago, last renewal, it was 3.19%. The lake house we bought summer 2015 is at 2.84%. DD just bought a house in January at 2.47%.

When you are paying more to principal than interest with your very first mortgage payment, THAT is HUGE. It's all about the affordability of the monthly payment these days, for most. Few ever look at what is paid out overall.
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Old 04-26-2017, 01:21 PM   #12
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Quote:
You would be surprised how many Chinese manufacturers have Canada "branches".

You make a deal with the Chinese company but the products is "sold" by the Canadian arm. Invoice is paid in C$.
If that is true, it is not showing up in the US trade deficit with Canada, which is relatively small. I would think they would have to book those deals as Canadian exports to the U.S. I assume the same thing happens with U.S.-based China subsidiaries, which would mean that the US trade deficit with China is understated.
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Old 04-27-2017, 09:24 AM   #13
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Trump backs off NAFTA withdrawal
Quote:
President Donald Trump told his Mexican and Canadian counterparts late Wednesday afternoon that he does not intend to withdraw from NAFTA "at this time," the White House said Wednesday, in a defeat for the economic nationalists on his team.
http://www.politico.com/story/2017/0...-canada-237670

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