Ah, no wonder you know a good deal from a bad one.
Are the new Tariffs on Goods from China going to affect prices on Pool cues?
- Thread starter vintagecollectibles831
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Practically speaking we don't have any these days. We are making less than one percent of the world's aluminum including what we recycle which is about thirty percent of production I believe. That is 2024 figures from a search I just did. I was stunned, no idea we had fallen that low. Twenty-five years ago Kaiser alone was turning out 800,000,000 metric tons of aluminum!
I remember when Kaiser Aluminum in Baton Rouge was huge. I drove several miles after I was inside the plant to make a delivery. It had rail transport but also a dock that could handle the biggest ships in the world. Last I knew it was little more than a ghost town. My friend was superintendent of vehicle and equipment maintenance. Last few years he was there he was alone in a tens of thousands square foot building.
The Kaiser plant down the river closed completely. Opened under another name but I don't know if the new operation has anything to do with aluminum.
Hu
we have a negative by at least 5 times balance of trade with china. that means our money flows to them.
which they have used to build a navy bigger than ours already and nuclear weapons. and an army many times the size of our and ready to go. battle sims have shown right now if we had to fight them in the pacific ocean we would lose.
so that means we cannot stop their aggression there except with threats or sanctions.
protecting the price of cues or gloves etc. can be more costly than anyone realizes in the future.
which they have used to build a navy bigger than ours already and nuclear weapons. and an army many times the size of our and ready to go. battle sims have shown right now if we had to fight them in the pacific ocean we would lose.
so that means we cannot stop their aggression there except with threats or sanctions.
protecting the price of cues or gloves etc. can be more costly than anyone realizes in the future.
billiards_watch
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Another thing is we borrow from them too. They take our money and in turn lend it to us.
I remember 10 years ago people were flirting with the idea of China asking us to repay them and how if China asked for their money then it will collapse the USA. If we refused then they stop making stuff for us. The counter argument is that we have nukes. LOL The only refute was our might and force that will stop China from doing such.
Now fast forward to Trump, who probably feels the same way, is now trying to even things out and people are mad because their micro-plastic widgets are now 5x more. ROFL
What would happen if china dumped the existing bonds they are holding on the open market selling them at below value? Could they make our new bonds impossible to market? Seems like china could have a lot of leverage over the US in a few more years, five or ten. Even twenty years or more. Taiwan and the other countries bordering the south china sea will still be there.
Hu
Why are you downplaying all the carnage brought on to Americans because of the manufacturing moving offshore?
Whole towns gutted, their working class spiraling down into opioid addiction.
the price of bonds would go way down until they were all sold and china would lose tons of money.
but they would be bought up quickly at the discounted price.
we just wouldnt issue new bonds for a time or just print more money to make up for it and cause a rise in inflation.
if we had to issue during the sale we would have to offer the difference in their price with a higher rate of interest on the new bonds.
basically it wouldnt happen they just wouldnt buy new bonds from us to replace them and we might have to offer slightly higher interest rates on bonds to make them more attractive.
but they need to invest their money and our bonds are the safest in the world. and if i remember right but may be way off they only hold about 5% of our total bonds. and canada has the most.
edit ## correction japan has the most and china has 10%. i was off some.
but they would be bought up quickly at the discounted price.
we just wouldnt issue new bonds for a time or just print more money to make up for it and cause a rise in inflation.
if we had to issue during the sale we would have to offer the difference in their price with a higher rate of interest on the new bonds.
basically it wouldnt happen they just wouldnt buy new bonds from us to replace them and we might have to offer slightly higher interest rates on bonds to make them more attractive.
but they need to invest their money and our bonds are the safest in the world. and if i remember right but may be way off they only hold about 5% of our total bonds. and canada has the most.
edit ## correction japan has the most and china has 10%. i was off some.
The numbers are fast changing. I read Japan had the most a little earlier too, a surprise to me. I did know china had a small percentage of debt but when they are in position to control over a trillion of our debt I have to think it is pretty significant especially for an adversary in economic and perhaps all respects to have.
A gap in my world history: We supposedly saved china's bacon in WWII then almost immediately went to war with them in korea. I haven't read deeply enough into that to understand it. Seems our Allies in WWII were mostly friends in need.
Hu
ready to go where?
china had nukes, and probably a much larger army too, long before any extensive trade with the US.. before nixon and before deng xiaoping
but their deal is trading, as evidence shows. not costly, pointless foreign war adventures..
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