Posted on 07/10/2018 5:41:31 PM PDT by cba123
The Trump administration pushed ahead with plans to impose tariffs on additional $200 billion in Chinese products by releasing a list of targets, marking a sharp escalation in a trade war between the world's two largest economies.
The tariffs could take effect after public consultations end on Aug. 30, according to a statement from the U.S. Trade Representative's office Tuesday.
(please see full article at the link)
(Excerpt) Read more at dallasnews.com ...
I’d add that I’m sure Trump is smart enough to do this. But Congress and other pols - not so much. :-(
It’s all posturing… Read the art of the deal.
“A Tariff is just a tax on the consumer.”
..but only on goods from China, who would use the profits to build their military power against us and our allies.
In many cases, American producers (and those in other countries), will compete with each other on price to capture the market from the Chinese manufacturers, below the level of the tariff.
So some of the effect is consumers paying more, but some of the effect is consumers substituting suppliers. Some prices go up, but also our industry grows (providing more jobs, higher wages, more tax revenue, and growing a whole supply chain for new capacity added).
Show me how stupid I am...
Why do all Asian markets sink when tariffs are announced against China?
Makes NO sense to me. Heck, tariffs against China help other Asian exporters!
Free Trade works...only if it is Fair free trade. The Euroscum and chinks are not engaging in free trade. we need to add another 200B onto that to get their attention.
Asinine argument .
EVERY tax is a tax on consumers. So what?
Also have the option of purchasing non-tariffed goods.
“Why do all Asian markets sink when tariffs are announced against China?”
One reason is that many of the companies listed on those other Asian stock markets, have invested a lot of their money in manufacturing facilities in China.
I’m glad you did too. :-)
Now, I do mostly agree, but, if we have to walk away (knowing when is part of the art too), in this case it can still be a win-win-win...
Of course!
Same reason some US stocks drop.
Trump’s cutting the Gordian Knot. Good for him.
US futures market is tanking tonight.
Good
Screw the lying chicoms
What an apropos moniker. Not the brightest bulb in the marque are you?
https://www.youtube.com/watch?v=uCZ58OJjrFU
https://www.youtube.com/watch?v=Xg-0z5RWbAU
That and the US labor market is tightening hard core. Wages are going up. On top of that China subsidizes a lot of their industry. Their economies of scale are going to nose dive and boy is that going to cost them a lot. China can not win this. We are going to beat them like a rented mule.
US demand curves are going to shift as are Chinese supply curves to our benefit and their determent.
Does Tony Schwartz have some wisdom to impart here?
The average EU tariff is 1.9 vs. 1.6 for US. Not a material difference.
Asia actual markets are down 1.5 %
an average hides a lot.
Bigly. Man, our Potus never stops trying to MAGA!!!! Best vote I ever made in half a century.
Those are weighted averages, not simple means. So, they account for a lot of variance. No abstract can account for everything. But it's a solid snapshot of where we are.
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