Peter Navarro a University of California, Irvine business professor
'Brutal, amoral, ruthless, cheating': how Trump's new trade tsar sees China
Screw the Chinese. They are our despotic enemy. I fully expect them to launch a nuclear first strike when they are ready.
Hey Chyna, this is what real negotiation will look like for the next eight years. No more pussies smiling at you from across the table. We will talk about real things, and trade on equitable terms.
Last year, a number of FReepers destroyed me when I brought this up, saying it’s “capitalism” and “free market”.
They seem to be scarce these days. Good.
Or maybe they changed their minds.
We are a sovereign nation, we can pick and choose who we want for our government representatives! China can F off.
China has been exploiting the current world order, structured and guaranteed by the United States, for almost 50 years.
Can’t blame them, but it must stop.
Meet the new boss.
He’s different.
It is ABOUT DARNED time. Hooray. Finally. A president who wants to make things in America once again.
Tariffs and taxes caused the Great Depression. Tread lightly Trump.
'Brutal, amoral, ruthless, cheating': how Trump's new trade tsar sees China
The tariff on any and all goods imported into the US should be the highest tariff that nation levies on US products.
Don't want high tariffs on your goods coming here? No problem, just get rid of your tariffs on our goods.
"Ceterum censeo Islam esse delendam."
Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)
“Chinese officials had hoped that, as a businessman, Trump would be open to negotiating deals,” said Zhu Ning, a finance professor at Tsinghua University in Beijing.
...
Trump is very open to negotiating deals, and now he’s putting people in place to negotiate good ones for America (for a change).
10% is an arbitrary and low number. We should have reciprocal tax adjustments at the border with every country.
China adds a 17% VAT to all goods imported to their country. They also have item-specific tariffs up to 100%. When they export their goods to us, they issue a VAT credit to their producers which makes Chinese made goods less expensive in America than they are in China.
The EU does the same to us.
Rather than trying to come up with a number like “10%”, we should make tariffs and credits reciprocal — we tax at the border exactly the same rate they tax our goods at their border, and we use the revenue to issue credits to our exporters in the same percentage that they do.
For China, that should mean we put a 17% tariff on their goods and issue a 17% tax credit to our exporters to China. Then do the same to counter any special tariffs or duties they have placed on our goods.
China needs us more than we need them.
If the Chinese are as smart as they think they are, they will lower their export prices by 9.1%, then pay Donald (the US Govt) the 10%, and keep prices in the stores at par. In short, just transfer a 10% cut to our treasury.
Why would they want to do this?
Because S. Korea will be happy to fill any vacuum left by China in US Markets.
Next, Donald can up the tariff to 15%, then 20%, etc. and in the meantime give massive tax cuts to US companies and individuals, especially to US manufacturers.
Eventually, American manufacturing comes roaring back and China goes into a death spiral. When they start to whine and threaten, up the tariff to 25% and watch their society go berserk to throw their commie bastards out on their asses.
Because the present arrangement for the last 20 years has been one of the United States making China rich, actually making their communist leaders rich. Americans have been propping up the commie bastards in Beijing. Now it’s time to turn the tables on them and watch their sweat shop labor throw the commies out.
For those that are smart and have the means, short Apple (AAPL) starting mid to late 2017 because China is the reason their profits are obscenely high. Even if they grumble that they ‘can consider manufacturing in the USA’, they are only blowing smoke. Without China, Apple goes belly up.
If you go to China and visit the stores you realize how few US products make it onto the shelves. If they are there, they have had to pay a huge tariff and are not price competitive with other products. 10% is a good opening volley.
It’s pretty hard to have a trade war with China that’s negative to the United States when the trade balance is so one sided.
Co-Author of Death By China is Greg Autry, who has been appointed to the NASA landing team.
Can’t say I’m greatly disappointed by any of Trump’s appointments (though I certainly would love to see a law banning the federal employment or appointment of any direct family member of a sitting representative or senator.)
“If you go to China and visit the stores you realize how few US products make it onto the shelves.”
The exception is Buick which is actually made in Shanghai. Buick is the most popular car in the PRC. The locals hate the domestic nameplates because they’d rather not push the vehicle home.
Peter Navarro tried three times to get elected in San Diego throughout the 90s: once for mayor, once for Congress running as a DEMOCRAT and once for City Council and each time the voters sent him packing back to Irvine.
I am not a fan of this pick but at least Trump has his token Democrat appointee now.
I have no idea how populism will play out in the new presidency. We had high hopes for Arnold in CA and he caved for fear he wouldn't be loved any more. I pray Trump will find his way and America wins. I sat out the primary system but Trump was interesting to me during his prior election cycle. As a past Perry supporter, I hope he does well at DOE.
Correct. Spent 23 years there. The obvious exception is U.S. grown ginseng, for some reason. Perhaps due to the cultural demand for the product, the Chinese have kept tariffs low on this product. Don't know. But it is extremely popular and, I am told, more potent than Asian-grown varieties.