Posted on 03/15/2017 1:56:55 PM PDT by SeekAndFind
BEIJING — China’s premier told the United States on Wednesday: We don’t want a trade war with you, but if one breaks out, your companies would bear the brunt.
Yet despite tensions over jobs, currency rates and “security matters,” Premier Li Keqiang told a news conference in Beijing ahead of the first visit by the new U.S. secretary of state that he remained optimistic about the future of China’s relationship with the United States.
“Our hope on the Chinese side is that, no matter what bumps this relationship may run into, it will continue to move forward in a positive direction,” he said.
The two countries share extensive common interests and should “sit down to talk to each other” to build trust and narrow differences, Li told journalists at the end of China’s annual parliamentary session. He added that diplomats were working toward a face-to-face meeting between President Xi Jinping and President Trump.
Experts say China has been pushing hard to arrange such a meeting, realizing how important personal chemistry between the two leaders could be in maintaining stable ties. U.S. news media have reported that a meeting has been tentatively scheduled for April 6-7 at Trump’s Mar-a-Lago resort in Florida.
Secretary of State Rex Tillerson arrived in Tokyo late Wednesday for his first Asia trip since taking office, and he will visit Beijing later in the week.
Li said China’s trade and investment ties with the United States created up to 1 million American jobs last year.
“Recently I came across an article from an authoritative international think tank. It says that should a trade war break out between China and the United States, it would be foreign-invested companies, in particular U.S. firms, that would bear the brunt of it,” he said.
(Excerpt) Read more at washingtonpost.com ...
the Chinese already sends their stuff to all the other countries.
All that off brand stuff at family dollar? That is what China sells the world.
You obviously did not read my post.
China ALREADY - RIGHT NOW charges a 500-600% tariff on our goods.
So what if I have to pay 35% more (Trump’s tariff) for junk from China if the benefit is a vastly better economy. Not to mention having the industrial capacity to wage world war if necessary.
I don’t buy the ‘poor consumer’ argument.
More than one billion people in China, nearly all of them in poverty and living as slaves to the communist government.
What would China do if the USA suddenly stopped buying all their junk?
America would take a hit, sure but so what. It would be like pre-1970 before Richard Nixon decided to give them all our manufacturing. America could go on but the Chicoms (and Norks who depend on them) would collapse.
Our deficit with China exceeds $100 billion per year.
How on earth would it be possible for us to lose a trade war with them?!?!?!?
You are off by a factor of 8! Deficit with China ~ $800B
Ping suerae
Btw.. NEVER buy your dog toys from china!!
“If we buy the rail from England we will have the rail and they will have the money. But if we build the rail here, we will have the rail and we will have the money.” Abraham Lincoln.
800 billion trade deficit equals 16 million (good paying) jobs.
We’ll have to split the difference
https://www.thebalance.com/u-s-china-trade-deficit-causes-effects-and-solutions-3306277
$347B in 2016.
Meanwhile, China has to sell its crap somewhere. So it sells it cheap (dumps it) on the rest of the world. That puts local businesses from Mexico to India to UK at a disadvantage. They either join the trade war or go out of business.
Need more scenarios?"
The second half of your scenario is that factories in the US start getting built so instead of crappy retail jobs we get real jobs. And then when those factories start staffing up we get thousands (millions) of good paying long term jobs.
Mexico and India have to take care of themselves. This will also benefit our friends in Asia like South Korea and Japan (and India) and will slow down China's regional aggressiveness. There is nothing but win here.
“and local landfills.
Amended.
“
Good point. Thank you.
Increasing revenue to the federal government, by taking it out of the private economy in the form of increased taxes, is how we create a vastly better economy?
The idiocy that passes for economic literacy these days.....
Trade Ford cars for Chinese Extermination vans. Reduced price.
You must be an ECONOMICS Major,... heh heh
let’s find out..no trade war equals the USA wealth in the middle class eliminated, trade war means an opportunity for change..money blinds folks to the truth..nothing but a satanic shell game destroying the earth..all lies
Bright. There’s that old saying, if you owe the bank ten thousand dollars, you have a problem. If you owe the bank 100 million dollars, the bank has a problem.
It’s like that for China.
Milton Friedman economics not the failed, sad Keynesian economics they’ve brainwash students with the last 50 years or so.
WaaaaaaPo carrying China’s water for her......
Free Traitors™ seem intellectually incapable of understanding that a factory making toaster ovens in the USA is way more stimulative than importing them and paying welfare to an idled workforce. Domestic competition exists and will hold down prices but you don’t get that.
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