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originally posted by: CharlesT
originally posted by: fusiondoe
It seems to me that as the situation stands. China will defend N.K if America attacks first.
1: Clearly this is all to do with China's fear of US and S.K troops on their border. Are China really that stupid to believe that the USA are going to invade them or something? If not then can somebody please explain why China are so against the USA attacking first?
2: China are a part of this world and are in just as much danger from N.K as everybody else if Rocket man decides to push that button... So why are they so reluctant to sanction as hard as possible and/or even go into N.K and deal with Kim themselves.
Again, forgive me if I come across as ignorant. I just don't understand why China are not encouraging the USA to go in and deal with Kim?
3: Personally if I was Trump I would give China a very clear choice. Stop trading with your friend or we will stop trading with you, simple as that...But then that is just me.
I would appreciate if people could be kind in their responses. Do not insult me, educate me please...
1: China is not afraid the US will attack them but do fear that an open and free capitalist nation and ideology will infiltrate their border.
2: China wants NK to have a nuclear deterent. NK is a buffer state between the US and China.
3: Walk into any WallMart and look at where most of the items come from. China produces the vast majority of what we buy. If trade with China is suspended, US shelves would be bare within days or a few weeks at the most.
China is our single largest import partner, with the US buying almost twice as much from China than from our #2 import partner Canada. The European Union is our #2 import partner if looked at it as a single seller, and we still buy more goods from China than from the entire EU. China is also the 3rd largest purchaser of US goods (4th when counting the entire EU as a single buyer), meaning a halt in trade would instantly hurt American businesses that export products.
We're talking more than $100 billion a year in exports and almost half a trillion dollars in imports per year (HERE). Do you really think the multinationals, hedge funds, & institutional investors that are behind these companies (like Goldman Sachs, Berkshire Hathaway, and Blackstone) will risk losing this kind of money over Trump's whims?
originally posted by: njord
hate to break it to you but if the U.S. entered a trade war with China they would lose.
Simply by not using dollars to buy oil (which they've already begun to do) they can undermine the dollar's stature as a worldwide reserve currency, on which the U.S. economy is dependant. China also holds over $1 trillion in U.S. treasuries, which provides an economic leverage not to be trifled with.
originally posted by: kelbtalfenek
a reply to: Sagacity
But there is one more thing to consider; If we declare China as a non-trading partner, China could in turn start selling off her stocks and bonds at a spurious rate, which could collapse our economy. I believe that China holds trillions of dollars in US T-bonds as well as hundreds of billions of dollars worth of properties, corporations and the like. Mess with China in the wrong way, and the war they wage may be one of dollars, not ammunition.
originally posted by: FyreByrd
a reply to: fusiondoe
The US could not survive without trade from China.
Sanctioned items – including chemicals, machine parts, and luxury goods – are in turn smuggled from China to North Korea. Smugglers report that they’ve experienced no downturn in business during sanctions enforcement or smuggling crackdowns.