China Will Retaliate With Tariffs On $75 Billion More of US Goods And Resume Auto Tariffs

CNBC ^ | 08/23/19

[Enlightened1]

China has been in a one way trade war with the U.S. for over 20 years. We have a 500 Billion deficit each year and China steals over 400 Million in intellectual property to a sum of 900 Million or almost 1 Trillion a year.

[Sequoyah101]

And on cue, down goes the market.

[butlerweave]

China believes the MSM Propaganda that China is winning ,LOL

[babble-on]

Market didn’t go down very much, because it already knew these steps were coming. It’s why it went down so sharply when Trump escalated the tariffs last month.

I don’t think Trump is playing chess, I think he’s flipping coins.

[PGR88]

China really has no ammunition Ithe Chinese RMB is so thinly traded internationally, Trump has already hinted that if they devalue, US Treasury could easily buy RMBs and drive it through the roof

[cowboyusa]

We are now waring on them, about time!

[DungeonMaster]

We shouldn’t trade with Christian haters.

[hal ogen]

Some think that. We’ll see. I believe eventually there will be a shortage of crow meat.

[1Old Pro]

It also said a 25% tariff will be imposed on U.S. cars

How many American cars are we selling to the chicoms?

[Vaquero]

Yeah ... well…bye.

There are lots of Pacific rim nations looking to boost their economy. Eff You China. Go figure out what’s going on in Hong Kong.

[entropy12]

Market is still overvalued about 30%. DOW 18,000 before 30,000.

[entropy12]

You can count those on fingers of your left hand.

[Mouton]

There is also a tariff on US oil?? How much oil to we send to China?? My guess ZERO or close to it.

[1Old Pro]

Both Ford and GM manufacture the majority of their cars sold to Chinese customers in China. The 25% tariff doesn’t apply to cars made in China.

[Moonman62]

I think most if not all the American cars sold in China are made in China, so I doubt the tariffs will have much of an effect.

[davidb56]

Correct, and also auto sales in china has declined recently because of their economy, not because of tariffs.

[alloysteel]

Well, by golly, THIS will teach Donald Trump a thing or three about trade negotiations.

Yeah, right. The Chinese negotiators are outgunned and outclassed on every front of this “trade war”.

Especially since the US has only begun to fight.

[pepsionice]

Spring of last year, there was an article that said 265,000 US-made cars went to China the previous year. In return, we (the US) are buying around 58,000 China-made vehicles (its not clear if they were cars, trucks, or range-type jeeps). Here’s the key thing....for the Chinese who have real money, they aren’t buying US vehicles....they tend to buy BMW, Audi, or Mercedes.

[1Old Pro]

We have a 500 Billion deficit each year and China steals over 400 Million in intellectual property to a sum of 900 Million or almost 1 Trillion a year

Exactly, which is why it must be stopped.

[maxtheripper]

Considerably more than we import, numbers I saw look like around 250,000 a year we export and 60,000 we import.