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| The era of American complacency on trade is over; Just the facts and no BS or spin | |
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| Tweet Topic Started: Jun 11 2018, 09:50 PM (108 Views) | |
| Pat | Jun 11 2018, 09:50 PM Post #1 |
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Fire & Ice Senior Diplomat
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Americans are tired of the spin and BS. We have been gamed for decades, we once thought it wise to help countries coming out of the destruction of WWII, but instead of these countries voluntarily evening the playing field they continued to abuse our good will. The Era of American Complacency on Trade Is Over By Peter Navarro Mr. Navarro is assistant to the president for trade and manufacturing policy. June 8, 2018 President Trump arrived at the Group of 7 summit meeting in Canada on Friday amid an expression of “concern and disappointment” from the six other nations’ finance ministers over United States trade policies. Conspicuously absent has been any acknowledgment by these ministers of the trade practices that contribute to America’s more than $500 billion annual global trade deficit in goods and services. Consider Germany, with which the United States had a trade deficit in goods of about $64 billion in 2017. While the United States tariff on cars made in Germany and elsewhere in the European Union is 2.5 percent, the European Union tariff is four times as high, at 10 percent. No wonder Germany sells us three cars for every one we export to Germany. Even when Germany’s automakers build facilities in the United States, these so-called factories are more like assembly plants. S.U.V.s in the BMW X series that are assembled in the United States actually contain only 25 percent to 35 percent American-built content — the high-value engines and transmissions are manufactured in Germany and Austria. Even as Germany runs huge trade surpluses with the United States, it is not on track to meet its financial commitment to the NATO alliance, to spend at least 2 percent of its gross domestic product on defense by 2024. Despite being Europe’s wealthiest country, Germany spends a mere 1.24 percent of its G.D.P. on defense. America’s trade deficit in goods with Japan is higher than with Germany: $70 billion in 2017. For every one car America exports to Japan, Japan sends us over 100. High non-tariff barriers, including a complex regulatory system, make it difficult to sell American cars in Japan. Meanwhile, Japan slaps tariffs on a wide range of American agricultural products — as much as 32 percent on oranges, 50 percent on beef, 40 percent on various cheeses and 58 percent on wine. As for Canada, which has been most strident in its criticism of the United States, it has for decades dumped its lumber into the United States, threatening lumber industry jobs in Alaska, Oregon and other states. It erects high non-tariff barriers that harm our wheat and barley growers and place United States beer and spirits exporters at a disadvantage. Wisconsin dairy farmers know all too well that Canada unfairly manipulates its dairy prices to protect its dairy farmers, hurting United States dairy exports to Canada and other markets around the world. It’s time for our major trading partners — from strategic competitors like China to key members of the Group of 7 — to realize that the era of American complacency in the international marketplace is over. Going forward, President Trump will pursue two goals on behalf of the American nation and people. First, trade must be not only free but also fair and reciprocal. American tariffs are among the lowest in the world. Our generosity and free market good will has only led to a huge trade deficit and the transfer of wealth abroad. Second, President Trump reserves the right to defend those industries critical to our own national security. To do this, the United States has imposed tariffs on aluminum and steel imports. While critics may question how these metal tariffs can be imposed in the name of national security on allies and neighbors like Canada, they miss the fundamental point: These tariffs are not aimed at any one country. They are a defensive measure to ensure the domestic viability of two of the most important industries necessary for United States military and civilian production at times of crisis so that the United States can defend itself as well as its allies. Neither of these goals of the Trump presidency should stand in the way of our longstanding and productive strategic alliances and economic relationships with members of the Group of 7. There will continue to be a strong need to cooperate on issues of mutual interest, including defending democracy and freedom against authoritarianism, and protecting our citizens from terrorism. This also means we should find common ground on fair and reciprocal trade in ways that favor market economics, lower trade barriers and are mutually beneficial to workers across the Group of 7 nations. President Trump welcomes continuing dialogue and cooperation with Group of 7 members and our other allies and trading partners. But the days of accepting unfair trade practices are over. Peter Navarro is assistant to the president for trade and manufacturing policy. |
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| Berton | Jun 11 2018, 09:55 PM Post #2 |
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Thunder Fan
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"It’s time for our major trading partners — from strategic competitors like China to key members of the Group of 7 — to realize that the era of American complacency in the international marketplace is over." That says it all. They better get used to it. It is happening, with or without their cooperation. |
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| Brewster | Jun 11 2018, 10:08 PM Post #3 |
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Fire & Ice Senior Diplomat
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More Fact-Free BS from the chief exporter of that commodity. If the rest of the world put a tariff on that, the US would blow up from its own sewage. Show some REAL numbers, looking at both sides of the equation. And look at value too - did it ever occur to anyone here that perhaps the reason Germany sells more cars in the US than vice versa is because they make better cars? Edited by Brewster, Jun 11 2018, 11:01 PM.
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| Berton | Jun 11 2018, 10:16 PM Post #4 |
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Thunder Fan
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Why are you so afraid of leveling the playing field. Do that and then if Germany sells more cars in the US, so what? The same thing applies for Canadian goods. |
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| Brewster | Jun 11 2018, 10:31 PM Post #5 |
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Fire & Ice Senior Diplomat
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Level the Playing field? That's the LAST thing the US wants to do! Let's look at the situation with Milk - the US subsidizes Dairy Farmers up the hilt, paying them to produce unneeded milk, to the point that you have to dump millions of gallons - a total waste - and your farmers are going broke because they can't sell what they're producing. So now they want to sell US that subsidized milk and undercut our farmers. In Canada, we don't subsidize the milk, in fact we REGULATE it, looking at how much milk we need, then selling shares to farmers so we don't overproduce. While your farmers are going broke producing milk nobody wants, our farmers are living well producing their fair share with a guaranteed market. So now your Nincompoop-in-Chief thinks you should have unfettered access to our markets, destroying our system so you can get rid of your over-subsidized product? I don't think so... Cut off your subsidies, and maybe we can talk. Have your Nincompoop bloviate all over us, trying to push us around, and we'll just push back Edited by Brewster, Jun 11 2018, 10:33 PM.
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| Sea Dog | Jun 11 2018, 10:42 PM Post #6 |
Fire & Ice Senior Diplomat
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"Cut off your subsidies, and maybe we can talk. Have your Nincompoop bloviate all over us, trying to push us around, and we'll just push back " Canada is at present in a very precarious position. How much pushing back can we do before America (Trump) decides to send in their military ? Think it cannot happen? Ask some of Americas erstwhile friends. Saddam Hussein and Noriega come to mind! |
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| Brewster | Jun 11 2018, 10:46 PM Post #7 |
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Fire & Ice Senior Diplomat
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Let's talk about German Cars for the moment - if the US imposes a significant tariff on those cars and the associated parts, who will it hurt the most? German manufacturers produce 800,000 cars per year in the US, and in some cases, sell them in many countries. They employ 36,500 people at those American factories. Increase the tariffs on those parts, and the cars will be overpriced, not just in the US, but everywhere else as well. The Germans will have to move the factories offshore. Are you prepared to lose those 36,500 jobs? And the income your government gets by taxing those companies? Where will you find the money to subsidize those milk producers so they can produce more milk to be thrown away? Edited by Brewster, Jun 11 2018, 10:57 PM.
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| Sea Dog | Jun 11 2018, 10:50 PM Post #8 |
Fire & Ice Senior Diplomat
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You are trying to use logic with the Trump folks? Shame on you! |
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| Brewster | Jun 11 2018, 10:56 PM Post #9 |
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Fire & Ice Senior Diplomat
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I know - and now I'm going to get more shameful, and introduce facts about US Milk production: US Dairy Price Support Policy |
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| Pat | Jun 12 2018, 12:12 AM Post #10 |
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Fire & Ice Senior Diplomat
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I looked up the numbers, the United States GDP is higher than all the other group of 7 members plus Russia. Trade? You had better check the import numbers and export numbers of each nation with the United States before you wave your saber. We can destroy the other partner's markets. But we don't want to, we want to erase the $500 billion trade imbalance. |
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10:34 PM Jul 11
