Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Donald Trump is a business ‘killer’ who ‘never plays by the rules’, say Chinese exporters after tari
South China Morning Post ^ | 12:23pm, 7 May, 2019 | He Huifeng

Posted on 05/12/2019 2:28:48 AM PDT by Zhang Fei

“Those manufacturers who mainly sell to Europe and the United States need to start taking pain killers again,” said exporter Liao Yu, who produces bags and suitcases in Dongguan.

“The cost of relocation is very high for small factories of our kind. But if you don’t move, how do you digest the tariffs? A 25 per cent [tariff] will kill everyone. Meanwhile, European and American customers are now using more suppliers in Southeast Asia to replace us. Trump is just a killer.”

“We thought our products would be safe and excluded from the list [subject to US tariffs]. But Trump never plays by the rules and it seems no one from China’s side is able to contend with him,” said Gloria Luo, who manages a Guangdong-based manufacturer of automotive parts and industrial moulds.

“My team and I have been busy studying whether our products would be included on the list of US$325 billion worth of goods and what we should do next. It’s really hard to absorb the news because the [Chinese] media is just reporting repeatedly that both sides had made positive progress in the latest talks and would reach a final deal soon.

“[Trump’s threat] means a fundamental change for those of us who used to fill American orders, either we must relocate to other countries or suffer great hardship,” said Jason Liang, a sales manager at a Guangzhou-based exporter of LED products.

“There’s a huge difference between [the effect of] a 10 per cent tariff and a 25 per cent tariff. No factory could absorb the tariff costs that are that high.

“[The rise] would only result in massive lay-offs at a large number of export-oriented companies, not to mention [the effect of the new] 25 per cent tariffs on an additional US$325 billion of Chinese goods.

(Excerpt) Read more at scmp.com ...


TOPICS: Foreign Affairs; Front Page News; Government; News/Current Events
KEYWORDS: bitter; boycott; boycotts; butthurt; china; chinesewhine; donaldtrump; exporters; maga; sanctions; tariff; tariffs; trade; tradewar; tradewars; trump
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-97 last
To: mowowie

Yup, back when the kids were young, 13 years ago, the wife and I noticed that and always looked at the labels. We found one brand that was USA.

I used to get the Dole peach chunks in 100% juice when I could find it either USA or Greece because the China was nasty. Dull yellow/brown and tasteless. Now all of it’s china


81 posted on 05/12/2019 1:47:00 PM PDT by Pollard (If you don't understand what I typed, you haven't read the classics.)
[ Post Reply | Private Reply | To 68 | View Replies]

To: Mozzafiato

And I heard he was going to be head of scouting at the New York Mets.

After the Yankee’s front office position, of course.

They had a pastry cart you wouldn’t believe.


82 posted on 05/12/2019 1:51:58 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
[ Post Reply | Private Reply | To 80 | View Replies]

To: Zhang Fei; cba123

“the giant sucking sound”

...could get even louder soon. The Administration now says that the final package - 25% on the remaining Chinese imports - is being readied for one month from now.

The package just imposed was bigger than the one that slowed China’s economy in the first quarter, and the next one is about twice that. They will crash China’s economy, which has not had a correction for decades.

Young professionals there have never known anything other than boom times. I’m guessing that a bust will be a hard adjustment.


83 posted on 05/12/2019 2:27:25 PM PDT by BeauBo
[ Post Reply | Private Reply | To 1 | View Replies]

To: BeauBo
could get even louder soon. The Administration now says that the final package - 25% on the remaining Chinese imports - is being readied for one month from now.

The package just imposed was bigger than the one that slowed China’s economy in the first quarter, and the next one is about twice that. They will crash China’s economy, which has not had a correction for decades.

That's why I suspect we will see the yuan-dollar exchange rate shoot past 7, and maybe touch 8. It's now ¥6.82 to the dollar. It would not surprise me if it ended up touching 8 or maybe even the 8.25 at which it was fixed for a decade or so.

¥/$ exchange rate history

Official historical average exchange rates of Renminbi
for major foreign currencies by year[7]
(Chinese yuan per 100 foreign currency units)
Year USD JPY HKD Euro
2018 661.74 5.9890 84.428 780.16
2017 675.18 6.0244 86.643 763.03
2016 664.23 6.1243 85.578 734.26
2015 622.84 5.1543 80.34 691.41
2014 614.28 5.8196 79.220 816.51
2013 619.32 6.3323 79.845 822.19
2012 631.25 7.9037 81.376 810.67
2011 645.88 8.1050 82.968 900.11
2010 676.95 7.7279 87.130 897.25
2009 683.10 7.2986 88.123 952.70
2008 694.51 6.7427 89.190 1,022.27
2007 760.40 6.4632 97.459 1,041.75
2006 797.18 6.8570 102.620 1,001.90
2005 819.17 7.4484 105.300 1,019.53
2004 827.68 7.6552 106.230 1,029.00
2003 827.70 7.1466 106.240 936.13
2002 827.70 6.6237 106.070 800.58
2001 827.70 6.8075 106.080  
2000 827.84 7.6864 106.180  
1999 827.83 7.2932 106.660  
1998 827.91 6.3488 106.880  
1997 828.98 6.8600 107.090  
1996 831.42 7.6352 107.510  
1995 835.10 8.9225 107.960  
1994 861.87 8.4370 111.530  
1993 576.20 5.2020 74.410  
1992 551.46 4.3608 71.240  
1991 532.33 3.9602 68.450  
1990 478.32 3.3233 61.390  
1989 376.51 2.7360 48.280  
1988 372.21 2.9082 47.700  
1987 372.21 2.5799 47.740  
1986 345.28 2.0694 44.220  
1985 293.66 1.2457 37.570  
1984 232.70 0.9780 29.710  
1983 197.57 0.8318 27.360  
1982 189.25 0.7607 31.150  
1981 170.50 0.7735 30.410

84 posted on 05/12/2019 2:45:45 PM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
[ Post Reply | Private Reply | To 83 | View Replies]

To: Zhang Fei

LOL. Trump is a business killer? Look at the US economy roaring like a Dragon!

China is a business killer, we have been giving them 500 billon dollars a year since they came into the WTO in 2001.

Reciprocity does not kill business.


85 posted on 05/12/2019 2:49:58 PM PDT by Candor7 ((Obama Fascism)http://www.americanthinker.com/articles/2009/05/barack_obama_the_quintessentia_1.html)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zhang Fei

The Chinese are intellectual property thieves.


86 posted on 05/12/2019 4:18:15 PM PDT by Amish with an attitude
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zhang Fei
With the rise of manufacturing in Vietnam and other lower labor cost venues, China is no longer the cheapest manufacturer. Moreover, China's desire to strengthen its financial markets and establish its currency in a trade and reserve role now rule out competitive devaluation to undercut rivals.

No longer able to rely on a strategy of export-led industrialization for growth, China's interests and economic position now require it to confront the dilemmas and compromises of an over-leveraged middle-income economy with an aging demographic. So far, its leaders seem to prefer the fantasies of its Belt and Road iniative and blaming Donald Trump and the United States as things go wrong.

87 posted on 05/12/2019 5:51:53 PM PDT by Rockingham
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rockingham
...blaming Donald Trump and the United States as things go wrong.

'Leaders' must ALWAYS find an external boogieman to blame; else finding themselves on the OUTS with their countrymen looms ever closer!

88 posted on 05/13/2019 5:02:12 AM PDT by Elsie
[ Post Reply | Private Reply | To 87 | View Replies]

To: ROCKLOBSTER

You’re so full if crap it staggers the human mind.
If it were an employee’s market, you’d see hiring bonuses, paid relocation, and employer-paid training.
Only a few bonuses of $1000. or so for night shelf stockers in Minneapolis that I’ve seen.


89 posted on 05/13/2019 6:27:44 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
[ Post Reply | Private Reply | To 52 | View Replies]

To: central_va

Confucius also say: “He who cuts fart in church sits in his own pew.”


90 posted on 05/13/2019 6:52:50 AM PDT by ProudVet97
[ Post Reply | Private Reply | To 48 | View Replies]

To: central_va

Doesn’t solve the problems of stolen process and design, nor greedy us corporations (GM) funded by taxpayers, helping rip suppliers off of their proprietary information.


91 posted on 05/13/2019 9:23:22 AM PDT by steve8714
[ Post Reply | Private Reply | To 28 | View Replies]

To: central_va

Wall Street figured Trump would cave after Repubes showed him the light. They would be wrong then, wouldn’t they? They have bet heavily on China, which is why “the market” is tanking.


92 posted on 05/13/2019 9:26:11 AM PDT by steve8714
[ Post Reply | Private Reply | To 30 | View Replies]

To: steve8714

The MSM and the Republicans are trying to dupe that average citizen think this is an embargo ( it’s a tariff ) and nothing will be shipped from China. It is portrayed as a crises with empty shelves when the opposite is the truth. It is sad these globalist.


93 posted on 05/13/2019 9:31:48 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 92 | View Replies]

To: grey_whiskers
Nice ad hominem, I always spoke highly of you.

If it were an employee’s market, you’d see hiring bonuses, paid relocation, and employer-paid training.

Funny thing...when I searched all those terms, I found plenty of responses. Problem is, we already have low unemployment. Maybe people are still content with their new jobs, and glad to be working again.

94 posted on 05/13/2019 3:06:57 PM PDT by ROCKLOBSTER ( "The Owl" eats RATs for breakfast!)
[ Post Reply | Private Reply | To 89 | View Replies]

To: ROCKLOBSTER

It’s sectoe and geography dependent.

Omoeba said “under my plan electricity rates will necessarily skyrocket” promising to kill of coal *and* industry, while pushing electric cars; and btw overturning centuries of jurisprudence in the GM takeover by putting his cronies ahead of legitimate bondholders, and by promising “shovel-ready” jobs while shoveling money to Dems (Solyndra) and pledging that the money wouldn’t go to hire men

“Fundamentally transforming” the USA.

Woulda worked, too, except Trump got elected instead of Hillary.

Trump is pushing the hiring of blue-collar men; but the cheap labour express is maneuvering to take away entry level student jobs (H2-B) and what was suppose to be the “learn to code”) fallback jobs for unemployed miners via H1-B.

Maybe Trump can’t yet anger the Senate RINOs, after losing the House, maybe he needs them for judges, but an awful lot of white collar /desk jobs have been given to foreigners.

Companies used to hire and train when they needed people: after a generation of Jack *spit* Welch’s “we gave them lifetime employability” followed by offspring (McKinsey & co.), and Big Tech hiring foreigners while doing stock dividends of $50 BILLION, it’d be nice to see Trump hold the other RINOs’ feet to the fire.

Sorry for my overreaction: you hit a big red button and I needed to rant.


95 posted on 05/13/2019 5:23:17 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
[ Post Reply | Private Reply | To 94 | View Replies]

To: Zhang Fei

Trade with China is a Faustian bargain.

Most of the trade we are engaged in is trading our dollars for their cheap labor and cheap manufacturing costs. In many cases, these are American designed products manufactured and/or assembled in China.

For many years, these Chinese manufacturing companies were actually owned by the People’s Liberation Army, China’s military. Their profits were used to directly fund China’s military.

China also engages in aggressive corporate espionage and intellectual property theft. They are effectively gifted high-end manufacturing expertise by western companies who want to take advantage of their cheap labor and manufacturing costs.

McDonnell Douglas established an airliner assembly line in China in the 1980s, and Airbus did the same in the 2000s, both of which resulted in significantly advancing China’s organic aircraft manufacturing capability.

We do sell China grain. But not much else. The idea all of this trade would result in significant sales of U.S. goods to China has never panned out.


96 posted on 05/14/2019 10:55:51 AM PDT by magellan
[ Post Reply | Private Reply | To 1 | View Replies]

To: magellan
Most of the trade we are engaged in is trading our dollars for their cheap labor and cheap manufacturing costs. In many cases, these are American designed products manufactured and/or assembled in China.

Which is, of course, a complete bullshit way to try to Americanize their Chinese products. Similar to how Apple has the balls to say their iPods are 'designed in CA', when really 99% of their process is 'Made in China'.
97 posted on 05/14/2019 1:59:10 PM PDT by Svartalfiar
[ Post Reply | Private Reply | To 96 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-97 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson