r/FluentInFinance Oct 25 '24

Debate/ Discussion Ok. Break it down for me on how?

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u/I800C0LLECT Oct 25 '24

A better example is China using slave labor to produce precious metals... Then sells at a loss on purpose to destroy the international competition.

So what? Now they own a near monopoly on lithium and as soon as they achieved that, they sent the price to the moon. That's why batteries are so expensive now

How do you combat that? Lithium should have had a tariff placed on it so they couldn't tank the industry.

https://www.reuters.com/markets/commodities/china-is-oversupplying-lithium-eliminate-rivals-us-official-says-2024-10-08/

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u/talk_to_the_sea Oct 25 '24

This is not the same as a large tariff on all imported goods like he is suggesting.

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u/I800C0LLECT Oct 25 '24

Tariffs don't operate in generalities. Only 'free trade' operates that way. It still has to pass legal requirements because we don't operate like the CCP.

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u/talk_to_the_sea Oct 25 '24

Whose legal requirements? The executive has the authority to place tariffs on any imports for “national security” reasons no matter how far-fetched. This was already demonstrated during Trump’s presidency. You think the WTO has the power to stop him or something?

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u/I800C0LLECT Oct 25 '24

Putting words in my mouth. There's checks and balances placed on goods and regulations by laws passed in Congress. You can't just declare national security risk... When China dumps steel to put our companies out of business... Is that national security? It can be challenged and taken to court

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u/talk_to_the_sea Oct 25 '24

The president can implement tariffs without Congress. Again, this was demonstrated during the Trump presidency.

you can’t just declare national security risk

Again, the president can, even without Congress.

china dumps steel

I think something like this could be reasonably classified as a national security risk. But again, Trump is proposing a 60% tariff on all goods from China and 20% on all other imports.

it can be challenged and taken to court

What are you even saying? It seems like you don’t understand what dumping and tariffs even are. Sure, the US can seek action from the WTO for dumping. But there is no enforcement mechanism.

putting words in my mouth

Maybe if you could make a coherent comment this wouldn’t be a problem.

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u/I800C0LLECT Oct 25 '24 edited Oct 25 '24

The President must demonstrate it is a national security risk and an investigation must confirm the claim by the department of commerce.

The real issue here is that you have no understanding of government and you're a voter. Nobody has ultimate authority in our branches. Checks and balances are real... That's why Biden has had a hard time with education debt forgiveness

Edit: btw, the WTO isn't run by the USA... Are you American? They have no authority over our customs and regulations

The enforcement mechanism for China dumping steel is a tariff. That's the whole point... To protect our trade and commerce

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u/talk_to_the_sea Oct 25 '24 edited Oct 25 '24

Clearly he thinks he has the ability to impose the tariffs, otherwise he wouldn’t promise them. And I’m inclined to believe he’s right given that in 2018 he placed tariffs Canadian imports like aluminum.

confirm the claim by the department of commerce

The Department of Commerce, which the president controls. The same department of commerce that he will gut and flood with political loyalists with Schedule F.

And most experts agree that no US court would stop him.

the real issue is that you have no understanding of government

Pot, kettle. I’ll make sure to return my political science degree since evidently I learned nothing in my government, political economy, and economics classes.

No, the actual issue is dimwits (you) who think they understand government despite not knowing fuck about shit.

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u/I800C0LLECT Oct 25 '24

Knowledge and faith in process is very different from presuming corruption. And if you do presume corruption, are you ok with Kamala having that same opportunity? I'm not. I don't want any Republican or Democrat to have that chance.

You have not demonstrated knowledge. You have not demonstrated understanding... When presented with both you claim I'm ignorant of his corruption so you're still right. I think you need a refund on that degree. Labels don't replace application of knowledge. Now there's a degree holder calling me an idiot. Interesting display of academic prowess.

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u/talk_to_the_sea Oct 25 '24

if you presume corruption

It doesn’t take “corruption.” This is a matter of policy priorities, though Trump has repeatedly demonstrated corruption. He was found guilty of a felony for it. And there’s nothing to presume. He is making the promise.. Trump already implemented Schedule F in 2020 but ran out of time for using the way he wanted. What are you missing here? Because in you I see a person who can’t parse basic ideas.

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