Posted on 03/15/2017 1:56:55 PM PDT by SeekAndFind
BEIJING — China’s premier told the United States on Wednesday: We don’t want a trade war with you, but if one breaks out, your companies would bear the brunt.
Yet despite tensions over jobs, currency rates and “security matters,” Premier Li Keqiang told a news conference in Beijing ahead of the first visit by the new U.S. secretary of state that he remained optimistic about the future of China’s relationship with the United States.
“Our hope on the Chinese side is that, no matter what bumps this relationship may run into, it will continue to move forward in a positive direction,” he said.
The two countries share extensive common interests and should “sit down to talk to each other” to build trust and narrow differences, Li told journalists at the end of China’s annual parliamentary session. He added that diplomats were working toward a face-to-face meeting between President Xi Jinping and President Trump.
Experts say China has been pushing hard to arrange such a meeting, realizing how important personal chemistry between the two leaders could be in maintaining stable ties. U.S. news media have reported that a meeting has been tentatively scheduled for April 6-7 at Trump’s Mar-a-Lago resort in Florida.
Secretary of State Rex Tillerson arrived in Tokyo late Wednesday for his first Asia trip since taking office, and he will visit Beijing later in the week.
Li said China’s trade and investment ties with the United States created up to 1 million American jobs last year.
“Recently I came across an article from an authoritative international think tank. It says that should a trade war break out between China and the United States, it would be foreign-invested companies, in particular U.S. firms, that would bear the brunt of it,” he said.
(Excerpt) Read more at washingtonpost.com ...
Apparently they don’t know how a trade war works.
Bullpucky. They’d be in total chaos six hours after we told them “you’ve just made your last shipment to Walmart”.
Can’t argue with that one. Everybody loses in a trade war. Who wins when everybody’s shooting themselves in the foot?
I guess “The art of the deal” hasn’t been released in Chinese.
MAGA might have to MCPA.... so solly.
There are many other places (including best of all, USA!!!) where our companies can locate factories. China would collapse without their hundreds of billions of dollars in sales to USA annually. We never should have allowed the PRC to suck in so many of our companies over the past 25 years. Idiotic policies by Democraps and RINOs.
You need our dollars more than we need your dog toys.
Both the US and China are on such thin ice economically, a trade war could sink either or both.
In a trade war everyone loses. Living standards go down. Economy tanks. Jobs tank.
LOLOLOLOL
There cannot be a trade war with China. They already put 500-600% (not a typo) tariffs on almost all our goods (not sure about cars). They even put those tariffs on US branded products that are made in China! So you if want to buy Nikes right outside the factory they cost far more than they do in NYC.
If we put a 100% tariff on Chinese imports they could do what - raise theirs to 1000%? There would be no real effect.
We are getting raped by the Chinese - and they don’t even use Vaseline.
Trump is completely right on this issue.
So, China thinks the Seller will win against a Buyer...in a Buyer’s market?
In a trade war everyone loses. Living standards go down. Economy tanks. Jobs tank.
Sort of like we have been living for the past 8 years
/s
Let’s not try to replicate the performance of the past 8 years.
How would we survive without all that cheap junk in Wal-Mart?
“You charge us a 25% tariff, we will charge you only 24.9% tariff. “
“And, oh, we are wiping out our debt to you.”
That's a big Touché....
The outcome would be that we’d be paying a little more for consumer items we buy every day, and they’d have rampaging riots with Communist Party officials swinging from lampposts.
Hard to see much of a downside here.
Chuck Fina.
I figures a bottom dweller globalist like you couldn’t wait to kowtow to China.
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.