Okay but what if I told you that tariffs were unavoidable. The best I would tell you to do is to listen to SM Lee where he explains the deep issues and why tariffs won't be removed.
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- Thread starter bd popeye
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Then I would ask you to please do the needful.
I recall not too long ago that many on this forum called and foreseen this unfortunate events from taking place due to the coming of AI - I recall reading about the doom scenario for India's so called IT industry going through an existential crisis 2 years ago.
The same is about to happen and is already happening with the Philippine call center as well. Already, the pay that companies in that country have largely remained flat. The base pay of 10,000 Pesos has been the same since 2011!! and I saw from a Filipino tiktoker that their generous annual increase is a measly 200.00 pesos!! Their employers have enticed some of the call center agents to be the guinea pigs for the technology - accent replacement/adjuster- that'll be their destruction a.k.a. the so-called creative destruction!! Not to mention that they're getting attacked from people within their profession mainly coming from the American workers that lost jobs to these Filipino call center agents. Most of the comments from these folks range from their better and more polite than Indians; their accent isn't that offensive to the ears and sensibilities of their racist clients and unfortunately, some of them even take gratification from that fact. Which is really sad overall. All the global Poor's are essentially being pitted against each other being told by their western idols that their kind, ethnic groups, religion are the best compared to X,Y,Z...which makes them giddy to go against their own fellow survivors rather than actually asking and demanding WTF to the powers that profit from their misery and stupidity.
So basically instead of demographic dividend it is actually a demographic compound interest..
Why should I care? Let everyone keep whatever tariff they see fit their own desire for as long as they see fit. That is the whole point of mine, a total reset of world trading order back to pre-WTO time.
If you think that I care of anybody reducing the tariff back to somewhere before, then you totally missed my point. Let me be absolutely frank, I have no desire nor illustion of China reconciliation relationship with U.S. Once the fight begins (by U.S.) it is not up to U.S. to stop. This is the altimate difference between China and most countries (except Russia, NK, Iran and Cuba etc.), the only way forward is to fight to the end which was an official line made few months ago if you remember.
To further clarify my point. US as a member of WTO is renegating its treaty obligation by rasing tariff on anybody without going through due process. If Trump left WTO then it is fair game to raise tariff to whatever level to whomever. In return any WTO member is free to set their tariff on U.S. to whatever level. The tariff ratio after U.S. leaving WTO is a fair game. What China is fighting is U.S. breaking the rule.
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The US continues to demand China unconditional surrender and along with their relationship with Russia. It appears a trade truce extension was agreed but Trump doesn’t want to sign it. Guess we will find out on when the truce expires on Aug 12 and the Russians predictably reject the ultimatum for the unconditional surrender on Aug 13.