US hikes tariffs on Chinese goods, Beijing vows retaliation

AP via Yahoo ^ | 10May19 | Joe Mcdonald

[central_va]

"The risk of a complete breakdown in trade talks has certainly increased," said Michael Taylor of Moody's Investors Service in a report.

WINING!!!!!!

[central_va]

God bless you President Trump. We are with you all the way to victory!

[struggle]

“China vows retaliation”

Um, we’re going to add tariffs on things we’ve already put tariffs on so you can’t sell them in China, and forbid you from sending companies here so we can’t steal your technology!

[rb22982]

25% tariff on $500b in goods will generate $125 billion a year in tariffs at the very least. Some of that production will move back to the US as well or at least to less hostile countries.

[central_va]

I would say for a Freeper you have an above average global-economic IQ.

[cuban leaf]

When there is a trade war, here is how you know your side will win or lose, assuming both sides stay the course:

Does your side sell more to the other side than they sell to you: You will lose.

Caveat: if your side has rare materials that can only be found on your real estate and they other side needs them to survive, you have them by the balls.

[FlipWilson]

Oh boy, they are going to retaliate. I just hope this doesn’t lead to them stealing our intellectual property. Oh, wait.

[chief lee runamok]

"Chinese officials have targeted operations of American companies in China by slowing customs clearance for them and stepping up regulatory scrutiny that can hamper operations."

This should be a wake up call for American companies in china, or thinking of moving operations to china.

[central_va]

Gee the 30 year wake up call.

[FLT-bird]

Exactly. I don’t know who they think they’re fooling. They sell way more stuff here than vice versa. They simply can’t retaliate on anything remotely close to a 1:1 basis.

[Paulie]

Some are saying that China actually doesn’t pay those extra billions to export to the USA, the importers do. And like any business the extra costs are passed along to final demand, aka, the consumer.

They say businesses do the same when government slaps taxes or other costs on the business.

Is what I’m being told a lie, or is there any truth to it?

Also, what happens if manufacturers decide to move out of China but into Vietnam or Laos Kenya, instead of back in the USA?

Are these valid concerns or is this anti-Trump propaganda?

[Paulie]

Are you referring to rare earth metals?

[CincyRichieRich]

I love how PDJT points out LOW INFLATION to pull the rug out of the Fed’s feet to prevent them from artificially raising rates or saying something alternative.

[Redwood71]

Yes, but the next step as I see it is to be frugal in allowing the possible stampede of Chinese manufacturers and distribution companies that is sure to start arriving on our soil. The Japanese have been doing it for years and have a strong foothold on the same problem. Hope we are observant this time or we will allow a back door to escape the intent of the increase..

rwood

[hardspunned]

I think that’s 25% on price paid for goods at the Chinese wholesale level in China. Add middle men, shipping and US mark up and you and I might see a 5% or less price increase at Walmart. My 401k will take a temporary dive but I wish I could invest more before the Chinese eventually cave. I assume Little Rocket Man will be forced to make more waves until this pans out.

[datura]

Lots of factories failed to reopen in China after Spring Festival holiday. Real estate prices are crashing there. They have stopped to outflow if Chinese personal wealth to a mere trickle.

Things are not good in China right now, and will get worse.

The rare earth metals will be an issue short term, new mining is in the works here.

[Aevery_Freeman]

<>"I would say for a Freeper you have an above average global-economic IQ."<>

So, do you think Freepers are economic illiterates or just generally stupid?

I dare say that you are probably not the Milton Friedman of the Freeper Clan.

[central_va]

So, do you think Freepers are economic illiterates or just generally stupid?

Most, but not all, are myopic Free Traitors™ who reluctantly got on the Trump bandwagon. The are mini Tom Donohues and hate nationalism and protectionism. Read this.

---

My part of the trade policy coalition was composed of national security Republicans. They did not want to see the outsourcing of strategic supply chains overseas which would make our defense industrial base vulnerable to disruption while transferring technology to rivals like China. Our partners on the left were labor Democrats who did not want to see American workers lose their jobs as factories closed in the Heartland. Mounting trade deficits meant that American money was not only creating jobs overseas but also building and sustaining industrial capacity that empowered the ambitions of foreign adversaries.

Read more: Trade, Trump, and the Left Follow us: @AmericanThinker on Twitter | AmericanThinker on Facebook

[cuban leaf]

I’m trying to stay away from technical terms. I mean stuff that only your country can provide, whatever it may be.

[central_va]

Belt and Road became Spank and Cry.

[central_va]

I am so excited I can’t spell WINNING!!! LOL