The trade war get interesting. China hits back.. hard..

a reply to: Wardaddy454

That's really ironic man, the US is exactly about mass surveillance and mass censorship and u are laughing at other countries doing the same thing...

originally posted by: filthyphilanthropist

originally posted by: SailorJerry

originally posted by: filthyphilanthropist

originally posted by: alldaylong
a reply to: Pandaram

Oh dear. What a shame. Never mind.

Seriously, after Trump started this nonsense, did anyone expect China not to respond in kind ?

Trump expected it. Like he said, and I firmly believe it to be true, trade wars are good for the economy in the long run. It might get rough for a little while, but when everything is said and done I think he will be vindicated.

When have trade wars ever been good for an economy?

When the trade wars end. China says this trade war is a lose, lose. That's exactly the point. It opens the door to new negotiations that can result in better trade deals that will in turn boost our economy.

But at what cost to the farmers and business ?? And the stock market...

It may suck. Bigly. Like chemo.

Depends on how far China is willing to go. Because they are in even more dire straights in a trade war.

originally posted by: Jay-morris

Are you really that ignorant and arrogant? I have told you the reason why we moved back to the UK. I have given you reasons why it was a better business move for my wife.

As for living as a tourist lol I was working in China! I was teaching English. We had to work to live in China!

Not once did I say that China is perfect! Of course it has bad/poor places, just like every country in the world. But I had no problems in China at all. Everyone I met was decent and kind. To the point that when I came back to the UK, I was a bit nervous walking the streets.

And like I said, I go back to China often. The only thing I really missed living in China was my family.

I really do not know what else to say to you. Obviously you are the type that thinks they are always right, and knows everything, when clearly, you do not.

lol hardly.

And I didn't say that you were a tourist, I just wondered if you lived and worked in the touristy areas.
Nor did I say anything against the people of China, clearly the government is the issue. And the problems with the government (which is the country at this point lets face it) are not similar to many western nations. Surely you see that. That's what I was pointing out. You came in here acting as if China was indeed perfect, responding to my comment about someone elses seeming like propaganda in and of itself. Who is either ignorant or arrogant now?

Why you felt nervous walking around the UK is for a different topic, but there is a comparison to be made between what China does and the UK doesn't do in that regard.

After all the hand-wringing about Trump threatening to pull out of NAFTA if Mexico and Canada didn't renegotiate, a new NAFTA agreement seems to be making good headway.

The tariffs are a tool, not the end game. We've always been afraid to use our leverage. People are complaining that it opens us up to reciprocal tariffs and don't realize Trump's tariffs are the reciprocal ones. We've been taking loser deals because faceless corporations keep spending billions in lobbying politicians so they can continue reaping the rewards of cheap labour. Same reason we've never plugged the border.

originally posted by: Wardaddy454

originally posted by: Jay-morris

Are you really that ignorant and arrogant? I have told you the reason why we moved back to the UK. I have given you reasons why it was a better business move for my wife.

As for living as a tourist lol I was working in China! I was teaching English. We had to work to live in China!

Not once did I say that China is perfect! Of course it has bad/poor places, just like every country in the world. But I had no problems in China at all. Everyone I met was decent and kind. To the point that when I came back to the UK, I was a bit nervous walking the streets.

And like I said, I go back to China often. The only thing I really missed living in China was my family.

I really do not know what else to say to you. Obviously you are the type that thinks they are always right, and knows everything, when clearly, you do not.

lol hardly.

And I didn't say that you were a tourist, I just wondered if you lived and worked in the touristy areas.
Nor did I say anything against the people of China, clearly the government is the issue. And the problems with the government (which is the country at this point lets face it) are not similar to many western nations. Surely you see that. That's what I was pointing out. You came in here acting as if China was indeed perfect, responding to my comment about someone elses seeming like propaganda in and of itself. Who is either ignorant or arrogant now?

Why you felt nervous walking around the UK is for a different topic, but there is a comparison to be made between what China does and the UK doesn't do in that regard.

I never once said china was perfect in this thread. I am talking about my experience while living there in Beijing. And like I said, I travelled china too, from the nice areas to the poor areas.

Please stop putting words in my mouth.

If you asked me what I thought about the government, I would have told you! China's government is far from perfect!

a reply to: olaru12

so in your opinion should we stick with bad deals forever, rather than risk a rougher path with potential boost to our economy down the road?

Thursday April 5, 2018

As of this evening, President Trump is considering an additional $100 Billion in Tariffs against CHINA.

Excerpted from: theconservativetreehouse.com...

Letter from President Trump:

Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers. In light of Chinas unfair retaliation, I have instructed the USTRto consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs.

I have also instructed the Secretary of Agriculture, with the support of other members of my Cabinet, to use his broad authority to implement a plan to protect our farmers and agricultural interests.

President Trump will not back down from his position; the U.S. holds all of the leverage and the issue must be addressed. President Trump has waited three decades for this moment. This President and his team are entirely prepared for this.

We are finally confronting the geopolitical Red Dragon, China!

a reply to: carewemust


It's all a bit laughable, China has always lacked the ability to balance trade, like forever its just not in their makeup, never was and never will be. Historically it gets to this point and then its gunboat diplomacy.

China's new tariffs are a joke and they know it. It's all high tech that they don't import very much of because they want to produce it at home. They already have 5 to 30% tariffs on most US goods so this isn't exactly making things worse.

Trump's new tariffs hopefully will up the ante and target some staple products that China's exports en masse to the US like plastic products or clothing...

China will lose in this, and lose big. They can't tolerate factory jobs being lost which will happen much more quickly than US agriculture jobs.

a reply to: SpartanStoic

China will lose in this, and lose big. They can't tolerate factory jobs being lost which will happen much more quickly than US agriculture jobs.

China is the single largest holder of American debt. This puts them in the position to manipulate global financial markets. They can sell off this debt at a loss, driving up the interest the United states will owe. This will lead to a political meltdown over the budget and taxes.

a reply to: DJW001

If you are a debtor and the institution holding you loan sells your debt, your terms don't change. It hurts US bond prices short term while all the "underpriced" bonds are being sold. The interest owed by the US does not change. Arguably it goes down because the total amount of bonds sold in that period are smaller than elsewise (though the capital coming in is smaller, due to people buying the cheap bonds instead). Meanwhile, instead of collecting the full dollar amount on their debt, the Chinese are going to sell their trillions of dollars of holdings for a discount costing them billions?
So China is going to help themselves win a trade war by losing billions of dollars in hard currency? Good luck with that plan.
Maybe they could stop undervaluing the yuan and try to tank the dollar, too! Wait, that means our debt to them in dollars is worth even less and our exports are more competitive on the global market than theirs... Well, shoot...

a reply to: olaru12

Financial Behemoths are destroying our world.
Communist business Stockmarket companies alike
A trade war will finish some of those Monsters off.
We don't need them killing us all.

originally posted by: RadioRobert
After all the hand-wringing about Trump threatening to pull out of NAFTA if Mexico and Canada didn't renegotiate, a new NAFTA agreement seems to be making good headway.

The tariffs are a tool, not the end game. We've always been afraid to use our leverage. People are complaining that it opens us up to reciprocal tariffs and don't realize Trump's tariffs are the reciprocal ones. We've been taking loser deals because faceless corporations keep spending billions in lobbying politicians so they can continue reaping the rewards of cheap labour. Same reason we've never plugged the border.

Don't look now, but ...
China reducing tariffs; opening markets

Chinese President Xi Jinping said Tuesday China will significantly lower the import tariffs for vehicles and reduce import tariffs for some other products this year...

The country will work hard to import more products that are competitive and needed by the Chinese people, he said.

China will also seek faster progress toward joining the WTO Government Procurement Agreement, according to the president.

"China does not seek trade surplus; we have a genuine desire to increase imports and achieve greater balance of international payments under the current account," he said.

Looks like we have progress toward a new deal. Now we drop them a sop, and both sides will smile and claim win-win.

a reply to: RadioRobert


Beautiful! Our "stable genius" President helps Americans AGAIN and AGAIN and...

Don't expect the Anti-USA Domestic Terrorist Mainstream Media outlets to report this development tomorrow. Even if the Dow soars 1,000 points.

a reply to: RadioRobert

A keen eye will note that Xi nowhere uses the words "with the United States." He is basically threatening to give an edge to America's competitors as a way to up the ante. The Chinese can be very subtle when it comes to diplomacy.

China just pledged to reduce the tariffs on US auto imports and improve foreign ownership of auto-sellers in China.

They just admitted a measure of defeat IMHO.

I think the war is still on though.

originally posted by: DJW001
a reply to: RadioRobert

A keen eye will note that Xi nowhere uses the words "with the United States." He is basically threatening to give an edge to America's competitors as a way to up the ante. The Chinese can be very subtle when it comes to diplomacy.

Sure, it's just a coincidence that he was talking about changes to autotariffs, foreign ownership/investment limits, and IP rights/enforcement. It has nothing to do with those being the biggest US gripes and reasons for placing tariffs on Chinese imports.

originally posted by: RadioRobert

originally posted by: DJW001
a reply to: RadioRobert

A keen eye will note that Xi nowhere uses the words "with the United States." He is basically threatening to give an edge to America's competitors as a way to up the ante. The Chinese can be very subtle when it comes to diplomacy.

Sure, it's just a coincidence that he was talking about changes to autotariffs, foreign ownership/investment limits, and IP rights/enforcement. It has nothing to do with those being the biggest US gripes and reasons for placing tariffs on Chinese imports.

American firms manufacture autos in China to avoid existing tariffs. The Chinese government always promises to.honor intellectual property....then breaks that promise. Xi is hoping to create a new Silk.Road from the Med to Shanghai through West- South- and East Asia, overland to avoid the American controlled Straits.of Malacca. That is his audience; that is the implicit threat

originally posted by: DJW001
a reply to: RadioRobert

A keen eye will note that Xi nowhere uses the words "with the United States." He is basically threatening to give an edge to America's competitors as a way to up the ante. The Chinese can be very subtle when it comes to diplomacy.

Many Americans don't know that.