Bubba wrote: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;
“Tell me why Xi should not continue to wait out The World’s Greatest Negotiator, who keeps ‘dealing’ with himself?”
https://www.cnbc.com/2019/08/13/trump-s ... eason.html" onclick="window.open(this.href);return false;“We’re doing this for the Christmas season,” Trump told reporters on an airport tarmac around noon Tuesday. “Just in case some of the tariffs would have an impact on U.S. customers.”
“But so far they’ve had virtually none,” the president added. “But just in case they might have an impact on people, what we’ve done is we’ve delayed it, so that they won’t be relevant to the Christmas shopping season.”
Kpdemello wrote:imposing tariffs bad...
alsoKpdemello wrote:delaying tariffs bad...
BEIJING (Reuters) - China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.
Industrial output growth slowed markedly to 4.8% in July from a year earlier, data from the National Bureau of Statistics showed, lower than the most bearish forecast in a Reuters poll and the weakest pace since February 2002.
Analysts had forecast it would slow to 5.8%, from June’s 6.3%. Washington had sharply raised some tariffs in May.
Infrastructure investment, which Beijing has been counting on to stabilize the economy, also dropped back, as did property investment, which has been a rare bright spot despite worries of potential housing bubbles.
Crude steel output fell for a second straight month, while production of motor vehicles continued to fall by double digits. Hi-tech manufacturing output rose by a slower 6.6%, and the country’s power output edged up just 0.6%.
The industry ministry said last month that China would need “arduous efforts” to achieve its 2019 industrial growth target of 5.5% to 6.0%.
INVESTMENT, RETAIL SALES GROWTH COOLS
China’s economic growth cooled to a near 30-year low of 6.2% in the second quarter, and business confidence has remained shaky, weighing on investment.
Some relief came on Tuesday, however, after Trump said he would delay duties on some Chinese imports including cellphones and other consumer goods, in an apparent effort to blunt tariffs’ impact on U.S. holiday sales.
Still, new tariffs will go into effect next month on about half of Washington’s $300 billion target list of Chinese goods, and analysts say the chance of any durable trade deal after the recent escalations has sharply receded.
So, with all that pain we’ve inflicted, analysts say “the chance of any durable trade deal after the recent escalations has sharply receded”. If that analysis is correct, what’s the strategy and where is Trump going with this? Does he really think China is going to fold their cards and surrender?madhatter wrote:china feeling the heat or what?
BEIJING (Reuters) - China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.Industrial output growth slowed markedly to 4.8% in July from a year earlier, data from the National Bureau of Statistics showed, lower than the most bearish forecast in a Reuters poll and the weakest pace since February 2002.
Analysts had forecast it would slow to 5.8%, from June’s 6.3%. Washington had sharply raised some tariffs in May.
Infrastructure investment, which Beijing has been counting on to stabilize the economy, also dropped back, as did property investment, which has been a rare bright spot despite worries of potential housing bubbles.
Crude steel output fell for a second straight month, while production of motor vehicles continued to fall by double digits. Hi-tech manufacturing output rose by a slower 6.6%, and the country’s power output edged up just 0.6%.
The industry ministry said last month that China would need “arduous efforts” to achieve its 2019 industrial growth target of 5.5% to 6.0%.INVESTMENT, RETAIL SALES GROWTH COOLS
China’s economic growth cooled to a near 30-year low of 6.2% in the second quarter, and business confidence has remained shaky, weighing on investment.Some relief came on Tuesday, however, after Trump said he would delay duties on some Chinese imports including cellphones and other consumer goods, in an apparent effort to blunt tariffs’ impact on U.S. holiday sales.
Still, new tariffs will go into effect next month on about half of Washington’s $300 billion target list of Chinese goods, and analysts say the chance of any durable trade deal after the recent escalations has sharply receded.
Bubba wrote:So, with all that pain we’ve inflicted, analysts say “the chance of any durable trade deal after the recent escalations has sharply receded”. If that analysis is correct, what’s the strategy and where is Trump going with this? Does he really think China is going to fold their cards and surrender?madhatter wrote:china feeling the heat or what?
BEIJING (Reuters) - China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.Industrial output growth slowed markedly to 4.8% in July from a year earlier, data from the National Bureau of Statistics showed, lower than the most bearish forecast in a Reuters poll and the weakest pace since February 2002.
Analysts had forecast it would slow to 5.8%, from June’s 6.3%. Washington had sharply raised some tariffs in May.
Infrastructure investment, which Beijing has been counting on to stabilize the economy, also dropped back, as did property investment, which has been a rare bright spot despite worries of potential housing bubbles.
Crude steel output fell for a second straight month, while production of motor vehicles continued to fall by double digits. Hi-tech manufacturing output rose by a slower 6.6%, and the country’s power output edged up just 0.6%.
The industry ministry said last month that China would need “arduous efforts” to achieve its 2019 industrial growth target of 5.5% to 6.0%.INVESTMENT, RETAIL SALES GROWTH COOLS
China’s economic growth cooled to a near 30-year low of 6.2% in the second quarter, and business confidence has remained shaky, weighing on investment.Some relief came on Tuesday, however, after Trump said he would delay duties on some Chinese imports including cellphones and other consumer goods, in an apparent effort to blunt tariffs’ impact on U.S. holiday sales.
Still, new tariffs will go into effect next month on about half of Washington’s $300 billion target list of Chinese goods, and analysts say the chance of any durable trade deal after the recent escalations has sharply receded.
TDS crowd says " orange man bad"China says trade talks will resume in two weeks - Washington Examiner
https://www.washingtonexaminer.com/.../ ... -resume-in.." onclick="window.open(this.href);return false;.
1 day ago - Chinese and U.S. officials talked Tuesday and are scheduled to talk again in two weeks, Beijing's Commerce Ministry said Tuesday in a statement. The next talks will come just days before the U.S.' September deadline to institute new tariffs on $300 billion worth of Chinese goods.
https://www.cnbc.com/2019/09/10/china-w ... egist.html" onclick="window.open(this.href);return false;China will win the trade war with the U.S., and eventually wean itself off its reliance on American technology, a strategist told CNBC on Monday.
“China will never trust the United States again, and it will achieve its technology independence within seven years,” David Roche, Independent Strategy’s president and global strategist, told CNBC’s “Squawk Box.”
China has traditionally been reliant on U.S. suppliers for key tech components such as chips and software, as well as modems and jet engines, but recent developments in the two countries’ protracted trade war have strained those ties and affected businesses from both sides.
In May, Chinese tech giant Huawei was placed on a U.S. blacklist, restricting the firm from purchasing American-made chips and software unless they got permission to do so. Some American mobile networks also use Huawei gear, while other U.S. companies have said their revenue will be affected by the blacklist.
Alphabet’s Google also halted all business activity with Huawei, a move that means future Huawei phones will no longer come installed with Google’s Android operating system.
Amid those tensions, China is reportedly surveying its tech companies to gauge their exposure to American suppliers, and also ramping up development in its own tech industry.
For instance, it is developing its own chip industry. Under the government-led Made in China 2025 initiative, the country aims to produce 40% of its semiconductors by 2020, and 70% by 2025.
Currently, only 16% of the semiconductors used in China are produced domestically, according to a February report from the Center for Strategic and International Studies. Just half of those are made by Chinese firms.
Roche predicted that the end of the trade war is not in sight, though talks are slated to resume in October.
That’s because the U.S.-China trade war isn’t about trade alone, he said.
“It is a conflict between a rising global power and a declining global power ... It’s not just about trade. It’s about technology, it’s about the free flow of ideas, it is rapidly becoming about the free flow of individuals,” Roche said.
“So it’s a really wide conflict, and it’s simply not gonna go away,” he concluded.
https://www.cnbc.com/2019/09/10/china-w ... egist.html" onclick="window.open(this.href);return false;[/quote]Kpdemello wrote:Read this article which aptly states many of my views on the trade war. In short, it's not just about money to China, it's about power and influence, and they are willing to sacrifice money today to gain power and influence tomorrow. I'm not sure I'd characterize it as China "winning" the trade war, but rather China developing economic independence and maturing into a world power that will rival the U.S. In this context, Trump's "trade war" is a poor strategy unless the desired outcome is to help China become a stronger world player in the long run.so by your logic we should just cut everyone off from everything that way they'll be forced to rely on themselves and become stronger in the end ?
[quote]China will win the trade war with the U.S., and eventually wean itself off its reliance on American technology, a strategist told CNBC on Monday.
“China will never trust the United States again, and it will achieve its technology independence within seven years,” David Roche, Independent Strategy’s president and global strategist, told CNBC’s “Squawk Box.”
China has traditionally been reliant on U.S. suppliers for key tech components such as chips and software, as well as modems and jet engines, but recent developments in the two countries’ protracted trade war have strained those ties and affected businesses from both sides.
In May, Chinese tech giant Huawei was placed on a U.S. blacklist, restricting the firm from purchasing American-made chips and software unless they got permission to do so. Some American mobile networks also use Huawei gear, while other U.S. companies have said their revenue will be affected by the blacklist.
Alphabet’s Google also halted all business activity with Huawei, a move that means future Huawei phones will no longer come installed with Google’s Android operating system.
Amid those tensions, China is reportedly surveying its tech companies to gauge their exposure to American suppliers, and also ramping up development in its own tech industry.
For instance, it is developing its own chip industry. Under the government-led Made in China 2025 initiative, the country aims to produce 40% of its semiconductors by 2020, and 70% by 2025.
Currently, only 16% of the semiconductors used in China are produced domestically, according to a February report from the Center for Strategic and International Studies. Just half of those are made by Chinese firms.
Roche predicted that the end of the trade war is not in sight, though talks are slated to resume in October.
That’s because the U.S.-China trade war isn’t about trade alone, he said.
“It is a conflict between a rising global power and a declining global power ... It’s not just about trade. It’s about technology, it’s about the free flow of ideas, it is rapidly becoming about the free flow of individuals,” Roche said. so the US is in decline? and china is a bastion of free flowing ideas?
“So it’s a really wide conflict, and it’s simply not gonna go away,” he concluded.
meanwhile it seems that just the threat of tariffs has created a better situation at the border..Kpdemello wrote:Both sides going into the new round of talks with de-escalation of tariffs. That's great. The market is moving higher as a result. Good time to unload your more volitile positions, because I suspect this round of talks will end similarly to the previous rounds, with no deal and a market crash. you've been saying this for two years now despite zero evidence of it happening....I still think the Chinese are stringing Trump along until 2020, and they are going to try to drag this out.why would they want to do that? in order to get a better deal from a D should one win? and if that;s the case why would anyone vote for a D unless they were pro china and anti american? well I guess I see the anti american part but who knew D's were pro china also?...
https://www.bloomberg.com/news/articles ... til-oct-15" onclick="window.open(this.href);return false;
more greatness....The number of people apprehended along the southern border fell by 61 percent between this year’s high point in May and the end of August. In Yuma, it fell by 86 percent, according to government figures. Most people apprehended are either traveling as families or are unaccompanied children. The drop is largely due to the Mexican government’s efforts to stop migrants from heading north after Trump threatened tariffs earlier this year to force Mexico to act.
madhatter wrote:In Show Of "Goodwill", Beijing Exempts US Pork, Soybeans From Trade-War Tariffs