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originally posted by: sunShines
China do steal American plane exports, even if it's drones. They are copycats and they use cheap price to undercut competition. Also, diplomatically they are more liked by 3rd world countries because they don't bomb other countries.
China has decided to impose tariffs on 106 items originating in the United States, the Ministry of Commerce announced.
The government has chosen to add a tariff of 25 percent to 106 goods originating in the United States across 14 categories, such as soybeans, automobiles and chemicals.
The implementation date will be subject to the US government’s imposition of tariffs on China’s goods, to be announced separately.
China on Wednesday unveiled a list of products worth $50 billion imported from the United States that will be subject to higher tariffs, including soybeans, automobiles, and chemical products.
The Customs Tariff Commission of the State Council has decided to impose additional tariffs of 25 percent on 106 items of products under 14 categories, the Ministry of Finance (MOF) said in a statement on its website.
The move was taken after the US administration announced a proposed list of products subject to additional tariffs, which covers Chinese exports worth $50 with a suggested tariff rate of 25 percent.
originally posted by: RadioRobert
Companies will move manufacturing to wherever they think they'll be able to best take advantage of the market. FoMoCo does well over half it's sales in the US. If the US places tariffs on auto imports from Mexico/China, then Ford is more likely to make them somewhere else. The more fhr margin decreases, the more likely there is to be a US plant.
For soy farmers, tariffs will suck. We are the world's largest producer of soy, and China is the biggest importer. So they have to buy beans that would have been bound somewhere else. But for every soy bean China buys that was bound to Japan, there is a shortfall in Japan's supply. It will take time to readjust, but I don't think you'll see a massive change in worldwide production, and as the lead producer, we set the market. You can't expand soy production instantly, so there will be shortfalls in the short-term to take advantage of. Long-term, we might shift away from soy.
originally posted by: AugustusMasonicus
originally posted by: ScepticScot
Bourbon, I suppose the Chinese need something to clean their toilets.
Meh. I guess this is one of those 'our stuff is better' moments. I don't discriminate, I like it all.
The question I have, and so far hasn't come up, is not 'who has the advantage or who 'wins', it's what do the corporations do?? They're the ones that profited by using China as a manufacturing base. They're the ones that have invested a fortune putting plants in China fully expecting windfall returns from those investments.
Who will they...or some...side with? China or the U.S.? For example, Ford stated they were an 'International Corporation', not an American corporation. Others likely feel similarly. Which ones? Which ones stay 'loyal'? Will those choices stay 'prudent' and base them on pure financial interests? How many are locked into the globalist vision and are willing to take a short term hit, financially, in the interests of long term gains? Does XI make offers to these Corporations that induce Chinese loyalty rather than the U.S..
I also disagree with them on tariffs because of the concept of "reciprocity",