Trade WAR??!!

Ocean Breeze

Ocean Breeze

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Trump administration slaps tariffs on $50B US of China imports


China is retaliating....dollar for dollar.
Trump administration slaps tariffs on $50B US of China imports | CBC News

Meanwhile CDA , the EU seem unified in their retaliation against the US tariffs......dolar for dollar as well.


Trump administration slaps tariffs on $50B US of China imports | CBC News


Trump is determined t provoke everyone on the planet EXCEPT his pals , Kim and Putin. America likes to start wars. but this one is going to hurt Americans too..... as the retalilations from china are tar getting Trump territory.
 
Ocean Breeze

Ocean Breeze

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China retaliates after U.S. announces $50 billion in tariffs, escalating trade war

China announced retaliatory tariffs designed to hit President Trump��s supporters in farm states and the industrial Midwest. The measures, announced barely an hour after the White House went ahead with a 25-percent import tax on $50 billion of Chinese imports to the United States, brought the world��s two biggest economies closer to the tit-for-tat trade war that business leaders and Republicans in Congress fear.

https://www.washingtonpost.com/busi...c=al_news__alert-world--alert-national&wpmk=1
 
White_Unifier

White_Unifier

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Ocean Breeze said:
How U.S. tariffs on cars could hit Canadians

https://www.cbc.ca/news/politics/u-...077?cmp=news-digests-canada-and-world-evening
Click to expand...

Just because Trump wants impose import taxes on its consumer doesn't mean we need to do the same. Just because the US insists on shooting itself in the foot doesn't mean we need to follow in its footsteps.

The best thing Canada could do economically is to adopt a policy of unilateral global free trade.

petros said:
That's not possible.
Click to expand...

Why not? Three governments have done so already and the UK is presently debating it.
 
White_Unifier

White_Unifier

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petros

petros

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In our global world how would you trade unilaterally when components of products can come from dozens of countries? How about when dealing with trade blocks like the EU or Russian Federation?

What do you do about dumping or inferior products?
 
White_Unifier

White_Unifier

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petros said:
In our global world how would you trade unilaterally when components of products can come from dozens of countries? How about when dealing with trade blocks like the EU or Russian Federation?

What do you do about dumping or inferior products?
Click to expand...

Well, firstly, there would already be three countries we could trade unilaterally with: Singapore, Hong, Kong, and New Zealand.

Secondly, unililateral free trade does not have to replace agreements: the two can complement one another. It's just that the dynamic is a little different. Rather than say 'we'll lower our tariffs if you lower yours,' they might say 'we've already lowered our tariffs against you so what are you willing to give in return?'. They can also spend less time negotiating tariffs and subsidies and spend more time negotiating common product standards and other unintentional trade barriers for example.

Also, some countries might be more willing to drop more tariffs against a unilateral free-trading nation as a gesture of good will, so negotiations could be quicker and more comprehensive. And the UK is presently debating the matter of unilateral global free trade too.
 
petros

petros

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That's not the world Poopsie.

As a good will jester we would should import Botswanan goods even if they don't meet our safety codes?
 
White_Unifier

White_Unifier

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petros said:
That's not the world Poopsie.

As a good will jester we would should import Botswanan goods even if they don't meet our safety codes?
Click to expand...

You're confusing free trade with the maintenance of standards. Obviously the imported product must still meet our standards. The point of free trade is that as long as it does meet our standards, we let it in without intentional barriers.

As for dumping, Canadian consumers should welcome it.
 
petros

petros

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So to stave off importers importing unsafe goods what do you recommend?

Fines?

Why should people lose their jobs to get cheaper goods?
 
White_Unifier

White_Unifier

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petros said:
Syrup-Makers Outraged by All the Fake
Click to expand...

Again, you're confusing free trade with the maintenance of standards. If a country is dumping a product that doesn't meet our standards, we could react according to circumstances. If it's totally out of control, we could block imports of that product until that country raises its standards (notice, no tariffs, just outright blocked since it doesn't meet our standards) or we inspect at the border on a case by case basis.

Hong Kong, Singapore, and new Zealand have been doing this for a while now. If Canada needs help to implement it, we could just hire an expert from Hong Kong to advise us on how to implement it.

Now that I think about it, that's already the case in Canada. Only products that meet Canadian standards can presently legally enter Canada. The only question is whether they enter visa-free or not. Under unilateral global free trade, once it's determined that they meet our standards, we let them in visa-free. I assume we already have border guards keeping heroin out of the country, no?

That wouldn't change under unilateral global free trade. What would change is that once deemed to meet the same standard as domestic products are expected to meet, they can enter visa-free and we don't subsidize our own.

https://policyexchange.org.uk/wp-content/uploads/2018/02/Unilateral-Free-Trade.pdf
 
White_Unifier

White_Unifier

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petros said:
I'm trying to get the point of tarrifs across but you can't grasp the mechanics of them
Click to expand...

Why would we let a product into the country that does not meet the standards just because the importer paid a tariff on it? If it doesn't meet our standards, we should just not allow it in.
 
Walter

Walter

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Two question marks and two exclamation marks means it’s really important.
 
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