Tariff man strikes again

[Rez]

The U.S./Trump has all the leverage in this trade war for one simple reason. The Chinese economy depends on the U.S. A LOT MORE than the U.S. economy depends on China. This is illustrated in the trade deficit.

For example. Nearly all high volume consumer, industrial and commercial electronics (PCB fab board assembly) are manufactured by CM's in China. Tariffs have increased the cost of these electronics for U.S. import by up to 25% which is causing U.S. importers to look for cheaper sources elsewhere in Asia, Mexico and in some cases back to the U.S. China is going to lose this war. Their only hope is that Trump doesn't get re-elected which isn't going to happen.

[madhatter]

The U.S./Trump has all the leverage in this trade war for one simple reason. The Chinese economy depends on the U.S. A LOT MORE than the U.S. economy depends on China. This is illustrated in the trade deficit.

For example. Nearly all high volume consumer, industrial and commercial electronics (PCB fab board assembly) are manufactured by CM's in China. Tariffs have increased the cost of these electronics for U.S. import by up to 25% which is causing U.S. importers to look for cheaper sources elsewhere in Asia, Mexico and in some cases back to the U.S. China is going to lose this war. Their only hope is that Trump doesn't get re-elected which isn't going to happen.

you can't use facts and logic on these idiots they're immune to it...

[Bubba]

Lower Yuan and halt in ag purchases.


https://www.bloomberg.com/news/articles ... op-imports" onclick="window.open(this.href);return false;

[Rez]

What's the over under on when the markets will gain back what they lost today? 2 weeks?

The Chinese are desperate.

[Kpdemello]

China is the second largest economy in the world by GDP. Sure, the U.S. is the largest, but China doesn't exactly lack leverage at number 2. They don't just do business with the U.S. either. Assuming China is some 3rd world country pushover was/is a huge mistake.

Sent from my SM-G930V using Tapatalk

[deadheadskier]

China and India both will have larger economies than the US in the not too distant future. The idea that the US can forever maintain its number one position while having such a massive population disadvantages to those two nations is foolish. I think many people do not give much thought to this reality when considering immigration policy.

I expect China to make some concessions to mitigate short term slowdowns, but overall they will play the long game.

[Kpdemello]

Here's some more info on China's trading partners in the world:

https://en.wikipedia.org/wiki/List_of_t ... s_of_China" onclick="window.open(this.href);return false;

The U.S. is the biggest, at 583.3 billion, but EU is number two at 573.08 and the sum total is 4.1071 trillion. By my math, that makes U.S. trade with China only 14 percent of China's foreign trade. So while the U.S. can surely cost China some money, you're not likely to cripple their economy with these tariffs. China can hold out until 2020 without much of an issue. If they were really committed to it, they could hold out until 2024.

If you really wanted to make a deal, the most effective way would be a multi-lateral solution. Get a bunch of China's top trading partners on board with pushing reforms. Then you would really have leverage.

[Bubba]

Here's some more info on China's trading partners in the world:

https://en.wikipedia.org/wiki/List_of_t ... s_of_China" onclick="window.open(this.href);return false;

The U.S. is the biggest, at 583.3 billion, but EU is number two at 573.08 and the sum total is 4.1071 trillion. By my math, that makes U.S. trade with China only 14 percent of China's foreign trade. So while the U.S. can surely cost China some money, you're not likely to cripple their economy with these tariffs. China can hold out until 2020 without much of an issue. If they were really committed to it, they could hold out until 2024.

If you really wanted to make a deal, the most effective way would be a multi-lateral solution. Get a bunch of China's top trading partners on board with pushing reforms. Then you would really have leverage.

You mean like TPP? Oh, wait.....

[Kpdemello]

You mean like TPP? Oh, wait.....

Yup, and that agreement seems like it would have had at least some of the things Trump is seeking from China right now regarding intellectual property rights. But because Trump pulled out of the deal, here's what happened:

In January 2018 the remaining eleven countries agreed on a revised TPP, now renamed as the "Comprehensive and Progressive Agreement for Trans-Pacific Partnership" (CPTPP). The agreement remains substantially the same, but contains a list of 20 "suspended provisions" that were added to the TPP at the U.S.'s insistence and that are now no longer binding.[78] These provisions primarily relate to investment, government procurement and intellectual property.[79]

https://en.wikipedia.org/wiki/Trans-Pacific_Partnership" onclick="window.open(this.href);return false;

[Kpdemello]

If a rising tide lifts all boats, does an ebbing tide sink them?

(Reuters) - Goldman Sachs Group Inc said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world's two largest economies before the 2020 U.S. presidential election.

https://www.fidelity.com/news/article/t ... K5-OUSBS_1" onclick="window.open(this.href);return false;

[Kpdemello]

Another retreat in the trade war:

U.S. stocks rallied Tuesday morning, reversing opening losses, after the U.S. Trade Representatives office announced that new tariffs on Chinese imports, set to be imposed Sept. 1, will be delayed or scrapped altogether.

https://www.marketwatch.com/story/stock ... 2019-08-13" onclick="window.open(this.href);return false;

Trump feeling the heat or what?

[madhatter]

Another retreat in the trade war:

U.S. stocks rallied Tuesday morning, reversing opening losses, after the U.S. Trade Representatives office announced that new tariffs on Chinese imports, set to be imposed Sept. 1, will be delayed or scrapped altogether.

https://www.marketwatch.com/story/stock ... 2019-08-13" onclick="window.open(this.href);return false;

Trump feeling the heat or what?

must be... rah rah go china!!!

orange man bad, orange man about to go down...same ol same ol from you virtually EVERY day...

what a bitter sore loser you are...

[Mister Moose]

If a rising tide lifts all boats, does an ebbing tide sink them?

No. You show a complete lack of knowledge of tides and boats; can economics (With which you use botched illustrations) be far behind?

[Kpdemello]

If a rising tide lifts all boats, does an ebbing tide sink them?

No. You show a complete lack of knowledge of tides and boats; can economics (With which you use botched illustrations) be far behind?

Obviously if I know nothing about tides and boats, my knowledge of economics must be highly flawed.

P.S. good use of ad hominem

[Bubba]

From CNBC

Trump just blinked, giving China a possible edge in trade war, Jim Chanos and others say


https://apple.news/A1yR-O2eiRIeZi0zIWyqL0A" onclick="window.open(this.href);return false;