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

[BushCountry]

The whole trade agreement’s negotiations were kept secret from the American public until leaked (to me that certainly means secretive). Under the accord, companies and investors would be empowered to challenge regulations, rules, government actions and court rulings — federal, state or local — before tribunals organized under the World Bank or the United Nations. Sounds kind of like an organization or two was involved.

And TPP seems more about the environment then trade (see below). So, I don’t really like your solution.

The Parties recognize the importance of mutually supportive trade and environmental policies and practices to improve environmental protection in the furtherance of sustainable development.

The Parties recognize the sovereign right of each Party to establish its own levels of domestic environmental protection and its own environmental priorities, and to establish, adopt or modify its environmental laws and policies accordingly.

Each Party shall strive to ensure that its environmental laws and policies provide for, and encourage, high levels of environmental protection and to continue to improve its respective levels of environmental protection.

No Party shall fail to effectively enforce its environmental laws through a sustained or recurring course of action or inaction in a manner affecting trade or investment between the Parties, after the date of entry into force of this Agreement for that Party.

[Poison Pill]

A major feature of TPP was Intellectual Property protection. It would have put a dozen Pacific Rim companies in lock step to deal with the IP issues coming out of China. I agree that the explaining of the treaty to Americans was botched.

I still don't understand why you think Europeans are involved.

[BushCountry]

Because I am a big dummy, sorry. I read a few of the countries and my eyes glazed over, Australia, Canada, Japan, New Zealand, and somehow I equated these democracies with Europe in my mind. Especially with all the environmental nonsense coming out of the EU recently.

Thanks for being so nice about my brain fart.

[FLT-bird]

Yes, you will.

Yeah, the MSM and the Democrats have been promising us a recession for some time. I haven't seen it yet.

[rbmillerjr]

to PoisonPill:

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

---

Crickets.
He has none. He is prepared to sit back and watch the Chinese dominate the Trade equation.

[Poison Pill]

Did you read through the thread? See posts: 37, 38, 40, 41, 42 and 43.

[rbmillerjr]

Yes I read those posts. Do you have a solution?

[Poison Pill]

Yes. Rejoin TPP.

[Does so]

Nobel-Prize-winning Dr. Thomas Friedman (NYTs) agrees with member Poison Pill; however, Friedman’s prediction took place three years ago.

[jdsteel]

This guy?

https://en.m.wikipedia.org/wiki/Thomas_Friedman

I’d use him as a contra-indicator any day of the week. Read the bit about how he thinks individual countries have to give up some sovereignty for the sake of globalism, which he calls “golden handcuffs”.