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originally posted by: RadioRobert
originally posted by: feldercarb
I didn't read the whole thread,but; has anyone mentioned the probable outcome of relabeling... How is that going to be stopped?
Only with great difficulty.
originally posted by: feldercarb
How is that going to be stopped?
Assuming those other trading partners are benefiting from those agreements, including those same businessmen who are, as you say, not suffering from 'loyalty', then why should more consideration be given them when none have our national interests in mind?
besides, negotiations are ongoing re NAFTA and improvements are likely with both.
The Chinese have just come out with the comment that it's a lose-lose. I see that as worst case scenario and far better than 'win' for China and 'lose' for the U.S.. It also a sign of weakness, IMO.
We must remain committed to developing global free trade and investment, promote trade and investment liberalization and facilitation through opening-up and say no to protectionism. Pursuing protectionism is like locking oneself in a dark room. While wind and rain may be kept outside, that dark room will also block light and air. No one will emerge as a winner in a trade war.
Now that I think of it, if other nations increase production to take advantage of tariffs on U.S. production, the supply and demand kicks in in the U.S. with the increased soy supply, at least initially, which is deflationary.
Add in other potential products and is it possible the inflation side is somewhat offset?
That's because China is a huge proponent of free trade and globalization.
Look, your view is China is a proponent of free trade. RadioRobert says China has numerous tariffs on imported goods that block U.S. exports and that the U.S. doesn't have the access to the Chinese markets that China has with the U.S..
Which is accurate?
The automobile industry in China is still heavily protected behind a “tariff wall” even though this wall has come down significantly since China’s entry into the WTO. Cars imported to China face a tariff duty of at least 25 percent. In comparison, American duties on cars imported into the US are only 5 percent. Taking into account the 17 percent of VAT and other levies, imported cars and foreign-brand cars produced in China are substantially more expensive than the same type of cars in the United States. A new Cadillac SLS made in China will set a Chinese household back between $71,000 and $110,000, without the anti-dumping duty. A better performing Cadillac STS, on the other hand, costs an American household between $47,000 and $56,000. Chinese households are not wealthier than American households. It makes absolutely no sense to me that a less wealthy Chinese consumer should pay more than a much wealthier American consumer for the same American-made products.
Barack Obama on Friday slapped punitive tariffs on all car and light truck tires entering the United States from China in a decision that could anger the strategically important Asian powerhouse but placate union supporters important to his health care push at home.
Obama had until Sept. 17 — next week — to accept, reject or modify a U.S. International Trade Commission ruling that a rising tide of Chinese tires into the U.S. hurts American producers. A powerful union, United Steelworkers, blames the increase for the loss of thousands of American jobs.
The federal trade panel recommended a 55 percent tariff in the first year, 45 percent in the second year and 35 percent in the third year. Obama settled on slightly lower penalties — an extra 35 percent in the first year, 30 percent in the second, and 25 percent in the third, White House press secretary Robert Gibbs said.
Obama's action marks a shift from the Bush administration, which was routinely criticized for being too delicate in confronting Beijing's alleged trade violations. Obama promised during his presidential campaign that he would do it differently.
For the Chinese government, the tire dispute threatens an economic relationship crucial to China's economic growth. There was speculation before the decision that new tariffs could produce public pressure on Beijing to retaliate, potentially sparking a dangerous trade war.
Soaring Chinese imports of American chicken meat already have been mentioned by Chinese state media as a possible target. Beijing also could sell some of its extensive holdings of U.S. Treasury debt, which could unsettle markets.
originally posted by: Willtell
Yeah, Trump’s presidency by disruptive, ad hoc, whim won’t work. And he does back down all the time. Nobody believes him anymore. Look at Syria, they talked him down and now he’s taking back his impromptu pledge to get out.
He never reasons and thinks things out. He’s under a delusion like he’s some kind of intuitive genius.
He’s just a reckless ignoramus the whole world, save a small group of stubborn people, wishes he would go away.
originally posted by: ufoorbhunter
originally posted by: makemap
originally posted by: ufoorbhunter
a reply to: nwtrucker
I was thinking the other day if the general economic system of Planet Earth was better before China was engaged by the west. To be honest the Chinese have destroyed so many of our jobs over here in the UK and the communities that go with them that it just makes one wonder................ would we all be better off if China didn't exist?
Your an idiot for thinking that. Who do you think supported Green tech industries. It was freaking China and Canada. The oil companies are still fracking US internally. If China wasn't there, US would not have gotten out of the coal age. It was the West that refused to change technology because they had an advantage over everyone else militarily just like China didn't change technology when they thought they had the best technology then cannons.
China balance the play field against US corrupt policies since the fall of USSR. US is as equally worst when it comes to destroying the planet, but unlike China having lots of people buying a lot of stuff. US was destroying the planet technologically through warfare and pre-planned agendas to poison our food industries.
Whole communities have been destroyed across all the western world by devious Chines economics. Around here we have had factories closing down on a regular basis that existed for hundreds of years to supply the local European market. So a few rich folk made a lot of dosh by switching production to asia................. Well good for those individuals buyt what for the average man in the street who has seen his community ripped apart by off shoring and no real hope of earning a proper living doing a proper job anymore. Whole generations of kids expecting no hope of proper work and stuck on benefits and idle times where alcohol and drugs fill their time, then the general decline in the local community. So a few businessmen can make extra dosh
China quite simply doesn't play it fair and things have gone too far their way. As a Brit I admire Trump for trying to address one of the modern day wrongs in global trade that most western leaders daren't take on. Good on him
originally posted by: Jay-morris
So, you are skipping the blame on the companies that chose to move their business to China, and just blaming China. That is a complete cop out if you ask me.
Blame these money hungry companies that just care about profit!