The Trade War

[ishtat]

I can't begin to understand his point of view and how it relates to my fondness for farmers in general.

My dad, brother, sister, numerous uncles, and grand parents going back at least 300 years were all farmers. Nearly all of them lovely people and as a group, the greatest complainers about how tough life is that you'll ever find.

 

[bellisarius]

My dad, brother, sister, numerous uncles, and grand parents going back at least 300 years were all farmers. Nearly all of them lovely people and as a group, the greatest complainers about how tough life is that you'll ever find.

I will attest to that. My father's family going way back were all farmer's. Always too wet, too dry, too something. Bugs, deer, rabbits, you name it. I firmly believe that if they could have put their crops in one huge green house with unlimited water supplies and ample fertilizer they'd still find something to complain about.

 

[HisArpy]

I will attest to that. My father's family going way back were all farmer's. Always too wet, too dry, too something. Bugs, deer, rabbits, you name it. I firmly believe that if they could have put their crops in one huge green house with unlimited water supplies and ample fertilizer they'd still find something to complain about.

Probably that the door to the greenhouse was too small for the "new equipment" they just bought.

 

[Kantarii]

China signaled on Monday it was seeking a "calm" end to its ongoing trade war with the U.S., as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration.

I still don’t see a trade deal being made before the year ends, though. Things are going to get worse before they get better. Still, I’m wondering if pressure in Hong Kong and Taiwan are having an effect on China. Too many pots on the fire. Something has to give.

 

[heathergives]

My dad, brother, sister, numerous uncles, and grand parents going back at least 300 years were all farmers. Nearly all of them lovely people and as a group, the greatest complainers about how tough life is that you'll ever find.

You've obviously never listened to a bunch of off-duty cops.

 

[Rightguide]

China signaled on Monday it was seeking a "calm" end to its ongoing trade war with the U.S., as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration.

I still don’t see a trade deal being made before the year ends, though. Things are going to get worse before they get better. Still, I’m wondering if pressure in Hong Kong and Taiwan are having an effect on China. Too many pots on the fire. Something has to give.

China's devaluation of its currency made its products cheaper for Americans to buy, which in essence confirms the President's assertion that the Chinese, in the end, are paying for his tariffs. This devaluation has caused China to lose status as the world's factory floor and is causing companies to move factories out of China. This is about more than trade. The Chinese have used the proceeds of the trade deficit to build up their military all the while their senior officers have been publicly talking about killing Americans.

 

[Kantarii]

China's devaluation of its currency made its products cheaper for Americans to buy, which in essence confirms the President's assertion that the Chinese, in the end, are paying for his tariffs. This devaluation has caused China to lose status as the world's factory floor and is causing companies to move factories out of China. This is about more than trade. The Chinese have used the proceeds of the trade deficit to build up their military all the while their senior officers have been publicly talking about killing Americans.

Anybody with half a brain knows the consumer pays the tariffs. Is China paying them? Short answer, no. Where China is paying for them is a much higher price: loss of jobs and unemployment. This trade war isn’t going to be over anytime soon. Businesses will eventually find ways to adapt supply chains and move to where there is less static to make a profit. Some may move back to the US, but there are a ton of other countries where labor is just as cheap: India, Malaysia, Vietnam, etc. In the end, China will be the biggest loser. Sooner or later, the rest of the world will realize it’s a mistake to have everything made in China. The old phrase putting all the eggs in one basket comes to mind.

If Trump wins a second term, and he should, look for things to drastically shift in the way companies do business with China. There’s always fallout. With a strong US economy, China isn’t in a position to play tit for tat very long when their economy is export driven. There’s only so much of theirs economy the Chinese government can prop up in the short term vrs the long term.

 

[HisArpy]

Anybody with half a brain knows the consumer pays the tariffs. Is China paying them? Short answer, no. Where China is paying for them is a much higher price: loss of jobs and unemployment. This trade war isn’t going to be over anytime soon. Businesses will eventually find ways to adapt supply chains and move to where there is less static to make a profit. Some may move back to the US, but there are a ton of other countries where labor is just as cheap: India, Malaysia, Vietnam, etc. In the end, China will be the biggest loser. Sooner or later, the rest of the world will realize it’s a mistake to have everything made in China. The old phrase putting all the eggs in one basket comes to mind.

If Trump wins a second term, and he should, look for things to drastically shift in the way companies do business with China. There’s always fallout. With a strong US economy, China isn’t in a position to play tit for tat very long when their economy is export driven. There’s only so much of theirs economy the Chinese government can prop up in the short term vrs the long term.

In this particular instance, after China devalued it's currency, CHINA is paying the tariffs.

The price of goods exported to the US hasn't changed so the US consumer IS NOT "paying more" for the same goods. The increased tariff costs are being passed along but, because of the devalued Yuan (or Renminbi), Chinese mfg's have lower profits. That means less revenue to the Chinese Government.

 

[Kantarii]

In this particular instance, after China devalued it's currency, CHINA is paying the tariffs.

The price of goods exported to the US hasn't changed so the US consumer IS NOT "paying more" for the same goods. The increased tariff costs are being passed along but, because of the devalued Yuan (or Renminbi), Chinese mfg's have lower profits. That means less revenue to the Chinese Government.

They say devaluing currency leads to an outflow of money. People in Hong Kong are already moving their money. Things are going to get interesting in the remainder of the year.

 

[HisArpy]

They say devaluing currency leads to an outflow of money. People in Hong Kong are already moving their money. Things are going to get interesting in the remainder of the year.

If I was a resident of Hong Kong, I'd be taking a very long "vacation" right about now. Perhaps even a year-long "sabatical". For my health or something.

 

[Kantarii]

If I was a resident of Hong Kong, I'd be taking a very long "vacation" right about now. Perhaps even a year-long "sabatical". For my health or something.

I think I would consider moving to Australia or America and taking all my money with me.

 

[bellisarius]

I think I would consider moving to Australia or America and taking all my money with me.

I believe that they are still titular citizens of the UK. I'm sure someone will correct me if I'm wrong.

 

[Sean]

I believe that they are still titular citizens of the UK. I'm sure someone will correct me if I'm wrong.

It's WAY more complicated than that. HK/UK citizenship is a fucking minefield. There are at least three acts of parliament and a shitload of different categories.

 

[doowdniw]

In this particular instance, after China devalued it's currency, CHINA is paying the tariffs.

The price of goods exported to the US hasn't changed so the US consumer IS NOT "paying more" for the same goods. The increased tariff costs are being passed along but, because of the devalued Yuan (or Renminbi), Chinese mfg's have lower profits. That means less revenue to the Chinese Government.

So if China devalues its currency, does that mean it costs more yuan to buy the same thing that fewer yuan could buy yesterday? What does that do for business, say US farmers, trying to sell product to China? Are US business now going to be selling more or less to China, all other things being equal?

 

[Kantarii]

https://apple.news/A4XRMzcOWTMmxbgrzBpOhrg

Old Beto says vote for him and he’ll stop the trade war on day one.

Sounds promising, but what’s the point in giving in to China and letting them keep up their unfair trade practices, stealing IP, and maintains an imbalance? Tariffs may be the wrong way to negotiate trade, but Beto is a freaking sellout and wants to let China keep doing what they’re doing unfairly.

Nope, I won’t vote for the joker.

 

[Kantarii]

A spokesperson for the Chinese Commerce Ministry says China will sue the US through the WTO dispute settlement mechanism over the latest round of tariffs.

Got those jokers crying to the WTO now.

Wonder how that’s gonna turn out for them?

What the United States ought to do now is petition to allow Taiwan to join the United Nations. That would ruffle a few feathers in China.

 

[SpeareChucker]

How many troops does the WTO command?

 

[Kantarii]

Absolutely zero.

 

[magicalmoments]

I think I would consider moving to Australia or America and taking all my money with me.

Good luck getting into Australia. Their immigration policies would be the most racist in the western world. Have been since WWII. They are blatantly "whites only".
Their asylum seekers are shipped off to a remote pacific island and they are kept in concentration camps. That's both liberal and conservative political parties in unanimous agreement.

 

[Kantarii]

The American Chamber of Commerce in Shanghai said Wednesday U.S. companies are steering business away from China at an increasing rate amid the escalating trade war between Washington and Beijing.

https://apple.news/A_V5gS7mfRfS2thFwMxqBSg

Maybe this will have a far reaching effect and the EU will join in, too.

 

[icanhelp1]

In this particular instance, after China devalued it's currency, CHINA is paying the tariffs.

The price of goods exported to the US hasn't changed so the US consumer IS NOT "paying more" for the same goods. The increased tariff costs are being passed along but, because of the devalued Yuan (or Renminbi), Chinese mfg's have lower profits. That means less revenue to the Chinese Government.

Exactly right!!

 

[HisArpy]

So if China devalues its currency, does that mean it costs more yuan to buy the same thing that fewer yuan could buy yesterday? What does that do for business, say US farmers, trying to sell product to China? Are US business now going to be selling more or less to China, all other things being equal?

It's pretty obvious that you don't understand how things work.

 

[BotanyBoy]

The American Chamber of Commerce in Shanghai said Wednesday U.S. companies are steering business away from China at an increasing rate amid the escalating trade war between Washington and Beijing.

https://apple.news/A_V5gS7mfRfS2thFwMxqBSg

Maybe this will have a far reaching effect and the EU will join in, too.

I've personally been buying with anti-China in mind for a while now.

But I've begun doing it with my bidnizz too. I've been buying plastic pots from China for years. Just bought a few thousand plastic pots for next years crops.....made in Mexico

 

[Kantarii]

https://apple.news/ARrYW3PN5SB2SN--B50ULnQ

If you listen closely, the Democrats sound a lot like President Trump when it comes to trade tensions with China.
The Democratic candidates were quick to condemn Trump’s erratic approach to U.S.-China trade relations. “He conducts trade policy by tweet, frankly born out of his fragile ego,” Harris said, in a characteristic broadside.
But while they slammed his tactics, the Democrats did not offer a sharp alternative to Trump’s policy. All the candidates were asked Thursday night said they would not immediately remove the tariffs on hundreds of billions of dollars of Chinese goods imposed by Trump. And all of them took a hard line on the country that was — until earlier this year — the U.S.’s largest trading partner. “They’re stealing our intellectual property,” Biden said, echoing the Trump administration’s line.
—————-


It sounds like Democrats are trying to appeal to Trump’s base on trade issues with China.
They say they’re against Trump’s tariffs, but won’t immediately remove them. WTF?!?!?
Trump’s strategy my not be the best, but as usual Democrats aren’t offering any real solutions either.