China vows to retaliate with 'necessary countermeasures' against Trump's tariff goods

dailymail UK ^ | 10MAY19 | Al Reuters

[central_va]

• US Customs and Border Protection imposed the new 25 percent duty on affected US-bound cargoes leaving China after 12.01am on Friday
• The hike comes in the midst of two days of talks between top US and Chinese negotiators to trying to rescue a faltering deal to end a 10-month trade war
• China's commerce ministry said 'necessary countermeasures' would be taken
• Mike Pence said the administration is working 'hour by hour' to reach agreement
• Economists and industry consultants have said it may take three or four months for American shoppers to feel the pinch from the tariff hike
• They say retailers will have little choice but to raise prices on a range of goods

[FLT-bird]

I’ll believe it when I see it wrt a recession.

The manufacturing job gains will also be on him

[bert]

Yes but for you, the wrong reason

The China tax imposed in the form of tariffs is intended to promote exports to China, not to raise revenue.

If Americans chose to pay more for the Chinese goods, nothing is accomplished except they pay the China tax. Trump called Xi’s bluff. We will now see how China reacts to being hit with strong retaliation to the unfair trade practices.

[Poison Pill]

The manufacturing job gains will also be on him

Most of those gains will be in Vietnam, Indonesia and Eastern Europe. Those folks don't vote here.

[Poison Pill]

I’ll believe it when I see it wrt a recession.

Yes, you will.

[central_va]

Most of those gains will be in Vietnam, Indonesia and Eastern Europe

I would say a lot of manufacturing will return here. Extra shifts, new facilities etc. Out exports will increase too. India said they will drop their tariffs on our goods.

[central_va]

If Americans chose to pay more for the Chinese goods, nothing is accomplished except treasury revenue increases by $200 B annually.

Fixed it for you.

[Poison Pill]

I would say a lot of manufacturing will return here.

It will be far less than people think. And much of it will be automated.

[central_va]

Bull. The pressure to add shifts an new facilities here will be tremendous.

[bert]

So, at root, you are in favor of raising taxes. Like a good union steward, you are at root a tax and spend leftist

[Poison Pill]

The pressure to add shifts an new facilities here will be tremendous.

Companies are under pressure in the US to pay the floor sweeper $20 per hour plus benefits. They don't get that in Vietnam.

[hardspunned]

https://twitter.com/polishpatriottm/status/1126829681108451328?s=21

[Poison Pill]

The people who are really going to benefit are Gov’t apparatchiks who have found a nice new income stream.

[central_va]

Increasing tariffs increases the bureaucracy by 0 apparatchiks.

[Poison Pill]

An additional $100 billion will bring more hogs to the trough. The tariff industrial complex.

[BushCountry]

I am confused. Your solution to Chinese domination and intellectual theft?

[BushCountry]

I mean their current domination achieve by unfair trade practices and slave labor.

[Poison Pill]

TPP. But we blew that.

[BushCountry]

So, a secretive trade organization that is run by European countries that favored large corporations and crushed small companies intellectual rights. There was an awful lot wrong with TPP if you’re an American and not a member of the new world order.

[Rappini]

MOU to Xj, bring it.

[Poison Pill]

So, a secretive trade organization...

First of all, the Trans Pacific Partnership is a treaty, not an organization. Second, it's a treaty that the US built. Third, the signatories were: Australia, Brunei, Canada, New Zealand, Japan, US, Malaysia, Mexico, Peru, Singapore and Vietnam. Zero Europeans were involved.