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China "Shocked" By Navarro Appointment, As Trump Team Proposes 10% Import Tariff
ZeroHedge.com ^ | 22 December 2016 | Tyler Durden

Posted on 12/22/2016 8:12:46 PM PST by Rockitz

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To: vette6387

Subsidies don’t need to last forever. The game is to destroy the other’s capacity to produce, corner the market, and then slowly raise prices to make back the subsidies. Meanwhile, the other party can’t afford to risk the capital to rebuild the industry because so-called “free trade” can pull the rug out at any time.

“Dumping” is usually item specific and more obvious, but “VAT credits” on all your exports is a government subsidy supporting your entire manufacturing sector in general. Many manufacturing businesses in China have never made a profit, and only exist as part of China’s goal to take over the world economy. The EU plays the same VAT credit subsidy game, while the USA does not and has huge trade deficits to show for it.


81 posted on 12/22/2016 11:08:09 PM PST by Kellis91789 (We hope for a bloodless revolution, but revolution is still the goal.)
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To: WENDLE

If anybody moves. Everybody dies.


82 posted on 12/22/2016 11:14:44 PM PST by FreedomStar3028 (Somebody has to step forward and do what is right because it is right, otherwise no one will follow.)
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To: libh8er

Hell, Trump should open up an air base and Marine Corp training center in Taiwan and claim it’s because of Chinese actions in sabre rattling and enabling NK. If they make threats, offer to repudiate all debt held by them. Their economy would implode


83 posted on 12/22/2016 11:15:38 PM PST by jackal7163 (If you are not willing to achieve victory at any cost, you are doomed to defeat!)
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To: All; Rockitz
When I saw the headline I was thinking... can't be THAT Navarro... and then I see it IS!

Peter Navarro tried three times to get elected in San Diego throughout the 90s: once for mayor, once for Congress running as a DEMOCRAT and once for City Council and each time the voters sent him packing back to Irvine.

I am not a fan of this pick but at least Trump has his token Democrat appointee now.

I have no idea how populism will play out in the new presidency. We had high hopes for Arnold in CA and he caved for fear he wouldn't be loved any more. I pray Trump will find his way and America wins. I sat out the primary system but Trump was interesting to me during his prior election cycle. As a past Perry supporter, I hope he does well at DOE.

84 posted on 12/23/2016 12:00:16 AM PST by newzjunkey (Are we tired of winning yet?)
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To: McGavin999

I vividly recall them, too.
One commercial spot-lighted some towns in north Alabama.
The very area where Henry Ford wanted to build a manufacturing base
(“Rush for Muscle Shoals”) unlike any other place in the US.

Kinda ironic.


85 posted on 12/23/2016 12:01:23 AM PST by Original Lurker
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To: Rockitz
" . . . you realize how few US products make it onto the [Chinese] shelves."

Correct. Spent 23 years there. The obvious exception is U.S. grown ginseng, for some reason. Perhaps due to the cultural demand for the product, the Chinese have kept tariffs low on this product. Don't know. But it is extremely popular and, I am told, more potent than Asian-grown varieties.

86 posted on 12/23/2016 12:23:39 AM PST by John Leland 1789
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To: IDFbunny

You may pay more for American made goods, but most of them are much higher quality than the junk China makes, including its planned obsolescence.


87 posted on 12/23/2016 12:40:17 AM PST by Flaming Conservative
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To: Crucial

“Tariffs and taxes caused the Great Depression. “

Wrong.

L


88 posted on 12/23/2016 12:43:07 AM PST by Lurker (America burned the witch.)
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To: Rockitz

Good. Screw them.


89 posted on 12/23/2016 12:54:26 AM PST by ZULU (We are freedom's safest place!!!! #BOYCOTT HAMILTON!!! #BOYCOTT NEW YORK CITY!!!!!!!)
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To: Rockitz

We should also charge them a premium to be educated in our universities. We dish out a lot of free money to chinese graduate students. How much do you think china spends on foreign graduates, assuming there are people who bother studying in china...?


90 posted on 12/23/2016 1:09:52 AM PST by Ethan Clive Osgoode (Potheads vote Dem.)
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To: goldstategop

You hit the nail. China has been dumping their goods on us for a very long time. All of it is inferior quality, and some of it like foodstuffs downright dangerous.


91 posted on 12/23/2016 1:15:05 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: dp0622
Last year, a number of FReepers destroyed me when I brought this up, saying it’s “capitalism” and “free market”. They seem to be scarce these days. Good. Or maybe they changed their minds.

Yeah that happens a lot around here.

It is kind of like some of these campaign promises that will not come to fruition that non Trump supporters were shouted down about.

We will see because personally I hope that I am wrong and promises like, Hillary and her ilk being prosecuted, border(s) secured, illegals deported, no more muslims into our country, military made stronger, and jobs created come true.

92 posted on 12/23/2016 1:46:50 AM PST by eartick (Been to the line in the sand and liked it, but ready to go again)
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To: Crucial

>Tariffs and taxes caused the Great Depression. Tread lightly Trump.

Nope. A huge debt bubble followed by FDR’s socialism caused the Great Depression. The only people who bring up tariffs are lying free traders who grasp at anything to keep their failing ship afloat. We now have a 100+ year record of free vs protected trade and in almost every case free trade has made common people poorer.


93 posted on 12/23/2016 2:02:24 AM PST by RedWulf (Trump:Front Lines. Obama: Back Nine. Hillary:Nap Time.)
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To: IDFbunny
True, but imagine the relief of a contractor at work who uses a hammer, hits the nail, and the nail stays straight while the head of the hammer doesn't break off. It's gone bad the other way, I can promise you. American made quality with tools/similar products would be a welcome relief. The chinese practice of diminished quality over time has left us with useless garbage after minimal usage.

But yes, the price shock is something we need to be sensitive to.

94 posted on 12/23/2016 2:25:30 AM PST by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?!?)
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To: Rockitz

I raise your 10% to a 35% tariff of China. Historically that is more effective.

China quality is poor, while hazardous to your pets.

Let freedom ring. Let billionaire commie generals suck for their tyranny.


95 posted on 12/23/2016 3:02:02 AM PST by TheNext (Hillary LOST the POPULAR VOTE by 7 mil.)
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To: dp0622

LOWER DOMESTIC TAXES ON YOU

A 10% China tariff is 10% less Obamacare tax some Republicans want to keep. See the tariff is already working as it REDUCES pressure on domestic taxing of native citizens.


96 posted on 12/23/2016 3:09:26 AM PST by TheNext (Hillary LOST the POPULAR VOTE by 7 mil.)
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To: Crucial

PRIVATE MONOPOLY BANK caused GREAT DEPRESSION

Tariffs existed fine for 150 years BEFORE the Great Depression.

You have been drinking too much pop econ koolaid of Walter Williams & Thomas Sowell who represent foreign interests. No two people have done more damage by selling their Big Myth.

Question for the class: What significant law was passed prior to the Great Depression??
The answer rhymes with Federal Reserve lying bank.


97 posted on 12/23/2016 3:21:38 AM PST by TheNext (Hillary LOST the POPULAR VOTE by 7 mil.)
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To: Hambone 1934

The execs at Walmart could start at the ‘Made in America’ section of their website.


98 posted on 12/23/2016 3:23:11 AM PST by 1rudeboy
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To: Rockitz

China has both an import duty (typically 10%) and VAT tax (typically 17%).


99 posted on 12/23/2016 3:45:38 AM PST by Fresh Wind (Hillary: Go to jail. Go directly to jail. Do not pass GO. Do not collect 2 billion dollars.)
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To: Rockitz

If China is shocked, it’s because she ain’t been paying attention...


100 posted on 12/23/2016 4:04:08 AM PST by trebb (Where in the the hell has my country gone?)
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