Trade War Hurts Airlines
#22
I’m not sure how strong we are if we are going to get into a d**k measuring contest w/red China. We definitely aren’t “weak” per se but things could be better in my opinion.
#23
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Joined APC: Jun 2006
Posts: 1,423
https://finance.yahoo.com/news/chipotle-exec-tariffs-could-lead-us-to-raise-prices-about-a-nickel-on-a-burrito-145339442.html
#24
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Joined APC: Jun 2015
Posts: 4,116
[QUOTE=SonicFlyer;2830858]No... all exchanges have been voluntary as far as I can tell... the very opposite of regulatory insulation.
Yup. The ruling and lobby class willingly gave away our jobs. Our markets. And our wealth.
All to enrich themselves and satisfy some failed world order design.
Think about it. They installed treaties that offshored value added jobs...and then allowed open borders to flood the labor market with undocumented workers.
Exatctly what in the pointy headed academic world do you think is the net objective and result of such behavior?
The luxury of those heres personal economic security in readily surrendering the circumstances of fellow Americans has been allowed only by the narrowest of regulatory insulation.
Thankfully....the status quo is over. And somebody who understands the essential components of national security that ownership of supply chains and border integrity represent is now leading the nation.
Yup. The ruling and lobby class willingly gave away our jobs. Our markets. And our wealth.
All to enrich themselves and satisfy some failed world order design.
Think about it. They installed treaties that offshored value added jobs...and then allowed open borders to flood the labor market with undocumented workers.
Exatctly what in the pointy headed academic world do you think is the net objective and result of such behavior?
The luxury of those heres personal economic security in readily surrendering the circumstances of fellow Americans has been allowed only by the narrowest of regulatory insulation.
Thankfully....the status quo is over. And somebody who understands the essential components of national security that ownership of supply chains and border integrity represent is now leading the nation.
#26
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Joined APC: Feb 2017
Posts: 151
The state of our country and people’s views amaze me. Not in a good way.
#27
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Joined APC: Dec 2007
Position: Retired
Posts: 404
For those that think America will "out last" China during a trade war because our economy is bigger, you are failing to account for the difference in what Americans & Chinese consider acceptable living standards.
The upper middle class in China thinks it is normal to pay $5,000 for the chance to get a licensee plate that will then allow them to spend $80,000 on an entry level econo-o-box car. Mean while in the US, consumers will start a twitter campaign against Wholefoods if the price of milk goes up 25 cents. Most Americans have zero savings & won't stand for the slightest downgrade in their living standards.
When China raises its tariffs on soybeans, the Chinese eat more rice instead. But when Chinese stop buying our soybeans, American farmers have to consider a million dollar crop loss. The Chinese are being forced to find an alternative to soybeans. They have lived most of their lives on subsistence farming. Their Chinese dream is owning a bike. They grew up in a society that taught them that life was hard and don't expect anything.
American farmers can take a loss for a couple of years, but they will start complaining to Congress if this trade war threatens their retirement plans. I see the American middle class breaking way before the billions of Chinese who are OK with their government openly spying on them & putting a million people in "re-education" camps.
Don't forget that the Chinese government supported the entire Chinese steel industry for a decade in order to push the US out of the market. I don't see Congress ever spending that kind of money.
The upper middle class in China thinks it is normal to pay $5,000 for the chance to get a licensee plate that will then allow them to spend $80,000 on an entry level econo-o-box car. Mean while in the US, consumers will start a twitter campaign against Wholefoods if the price of milk goes up 25 cents. Most Americans have zero savings & won't stand for the slightest downgrade in their living standards.
When China raises its tariffs on soybeans, the Chinese eat more rice instead. But when Chinese stop buying our soybeans, American farmers have to consider a million dollar crop loss. The Chinese are being forced to find an alternative to soybeans. They have lived most of their lives on subsistence farming. Their Chinese dream is owning a bike. They grew up in a society that taught them that life was hard and don't expect anything.
American farmers can take a loss for a couple of years, but they will start complaining to Congress if this trade war threatens their retirement plans. I see the American middle class breaking way before the billions of Chinese who are OK with their government openly spying on them & putting a million people in "re-education" camps.
Don't forget that the Chinese government supported the entire Chinese steel industry for a decade in order to push the US out of the market. I don't see Congress ever spending that kind of money.
This will all sort itself out.
#28
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Joined APC: Jun 2015
Posts: 4,116
It wouldnt be the first time a communist utopia starved its own people.
#29
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Joined APC: Dec 2013
Posts: 2,236
Mao’s famine only killed what, 30 million people? China is ruthless: https://www.google.com/amp/s/www.nytimes.com/2018/12/24/world/americas/ecuador-china-dam.amp.html
#30
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Joined APC: Nov 2015
Posts: 253
The best part is the same people that have a problem with Trump and Tariffs are all for Cap and Trade and Carbon Taxes. Even though the last two will effect the airlines more than any Tariff ever will. Then again with the new green deal we won't have any airlines or we will all be dead in the next 12 years.
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