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Chinese delegation will come to the US for trade talks after Trump tariff threat
CNBC ^ | May 6, 2019 | Kayla Tausche, Jakob Pramuk

Posted on 05/06/2019 1:21:11 PM PDT by Innovative

A Chinese delegation will travel to the United States for trade talks this week after President Donald Trump’s latest tariff threat, according to sources familiar with the matter.

Trump reignites the trade war with Beijing on Sunday, raising doubts about whether the Chinese team will come to Washington to try to strike a trade deal as planned.

Stock markets initially plunge following Trump’s tariff threat but recover throughout Monday.

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


TOPICS: Business/Economy; News/Current Events
KEYWORDS: boycotts; china; sanctions; tariffs; trade; trump
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To: Regurgitated

“Right now, China is the world’s factory, not because of low labor, but because they have the raw material...”

Wrong.

Raw materials is a major weakness and competitive disadvantage of manufacturing in China. They are exceptionally dependent on imports of raw materials, including oil - their energy costs are also relatively high because of that.

“India, Vietnam, etc...just cannot compete.” They obviously can, and are. India has more people, lower wages, faster demographic and economic growth, and a higher skill level. They are the second largest producer of Ph.D.s in the world after the USA, and have a much higher level of English language capability and cultural understanding of the US society and market.

Apple supplier Foxconn is shifting their main production from communist China to India, and Netgear announced this week that they are following.

Last one out, turn out the lights.

There is a saying now current in China. This may be the worst year in a decade, but it will be the best year of the next decade.

Japan’s “lost decade” after its bubble burst, stretched into two decades. By financial measures of debt and currency mis-valuation, China is significantly further out of balance than Japan was. We can manage an orderly withdrawal of the supply chain from China over several years, but a major debt and/or currency crisis there will likely be a big hit to the global economy. Another reason for businesses to get out while they can.


21 posted on 05/06/2019 7:41:54 PM PDT by BeauBo
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To: Beagle8U

“The bottom line is American consumers take it up the *** on prices with tariffs.”

In theory, theory and practice are the same.
In practice, they are not.

The general theory that tariff costs tend to be passed on to consumers, will be affected by several factors.

If several competitors share similarly low cost structures, then normal forces of supply and demand will keep prices down.

The rest of the world is free to compete on price - these tariffs are only on communist China. They are punishment for a trade cheater, not protection of uncompetitive domestic industries (with the minor exception of the steel and aluminum tariffs).


22 posted on 05/06/2019 7:50:28 PM PDT by BeauBo
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To: BeauBo

Thank you for a well written, informative post. I learned some stuff. ;)


23 posted on 05/06/2019 8:10:09 PM PDT by sparklite2 (Don't mind me. I'm just a contrarian.)
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To: Zhang Fei
I've always thought insider trading applied to inside information about specific companies.

Is it illegal to make trades on ETFs and stock indexes based on "insider information" that is entirely political in nature?

24 posted on 05/07/2019 4:02:36 AM PDT by Alberta's Child ("Out on the road today I saw a Deadhead sticker on a Cadillac.")
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To: Innovative
Trump reignites the trade war with Beijing

You can't reignite something that has on going for 30+ years.

25 posted on 05/07/2019 4:06:06 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Innovative

This is bad news. We want the tariff, we need the tariff.


26 posted on 05/07/2019 4:06:57 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Beagle8U
The problem is the American companies see the 25% tariff as a excuse to raise their prices on the same items. Consumers wind up paying inflated prices when the tariffs come off.

Duh. In the beginning when demand would out strip domestic supply. Where did you learn economics in a comic book?

Prices will be higher until domestic suppliers come on line. The situation is dynamic and not static like free traders would have us believe. Lies, bully scare tactics and deception are the hallmark of the Free Traitor™.

27 posted on 05/07/2019 4:09:50 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: chuckee

Why an across the board tariff is needed to being manufacturing back to the USA. Globalists have to be force to pout America first.


28 posted on 05/07/2019 4:11:26 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Beagle8U
The bottom line is American consumers take it up the *** on prices with tariffs.

To balance the difference in labor costs between the USA and the 3rd world would not take much. Frankly, most manufacturing is not labor intensive. That's the point of mass production. Maybe 7% of retail prices goes to labor, and that's for domestic union labor.

You Free Traitors™ need to quit acting like you need to educate Patriots in economics. We understand economics WAY more than you realize.

Protectionists, (Patriots) understand that a tariff will increase prices. We get it. WE WANT THAT. It's a one time inflation due to higher labor costs in the USA. Again, we understand the economists. We are not stupid. But the payoff from higher import tariffs comes in lowered social costs and higher quality products. We are willing to pay more for a strong viable industrial base. I WANT TO PAY MORE.

I am not so greedy as to destroy the USA industrial base, cause social havoc, lower GDP growth, in order to buy a cheaper poor quality Coolie made consumer goods. IT'S NOT WORTH IT AT ANY PRICE.

29 posted on 05/07/2019 4:13:54 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: BeauBo

When you call people “consumers” you reduce them to unthinking insect status. Globalists like you should be be ashamed of yourselves. You all should be hunted down and exiled to the third world.


30 posted on 05/07/2019 4:16:47 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: sparklite2; BeauBo

Be careful on “learning” from the globalist lies you get from Free Traitors™.


31 posted on 05/07/2019 4:19:07 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Beagle8U

What you describe works if we don’t have a free market.


32 posted on 05/07/2019 4:26:13 AM PDT by 9YearLurker
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To: Beagle8U
No US citizens has a constitutional right to free trade. Read it for yourself. The only free trade that is guaranteed is between the many United States.

The only tax in the Constitution is the tariff. The unconstitutional income tax was amended in.

33 posted on 05/07/2019 4:30:19 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Regurgitated

Americans will pay most direly with the continued takeover by China.

Trump is doing heroic work on this front.

And the outward economy and consumer prices are only pieces of the full picture.

We will be far better off and in the long run save more as a country if we localize what we can from our China trade and get the bulk of it shifted to less threatening and more free actual allies—like India.


34 posted on 05/07/2019 4:30:34 AM PDT by 9YearLurker
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To: chuckee

You misunderstand what is happening, completely.

You will pay $1,25 for the chinese can opener but the China manufacturer still gets the sale. The trade imbalance is still in favor of china. You will pay the china tax but nothing to thwart china trade has happened except you payed a tax

what should happen is that you buy a $1.00 can opener made in say korea or the philippines, or perhaps but un likely the usa. in that instance, china loses the sale.

however what will happen is all can opener prices will rise to say $1.20 as other manufacturers are able to raise their prices


35 posted on 05/07/2019 4:40:53 AM PDT by bert ( (KE. NP. N.C. +12) Honduras must be invaded to protect America from invasion)
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To: bert
however what will happen is all can opener prices will rise to say $1.20 as other manufacturers are able to raise their prices

What happens to the price when one of the "others" adds a third shift and sells theirs for $1.15?

36 posted on 05/07/2019 4:47:18 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: bert
Trade, the Left, and Trump

Trade, the Left, and Trump

Trade, the Left, and Trump

Trade, the Left, and Trump

Trade, the Left, and Trump

Trade, the Left, and Trump

Trade, the Left, and Trump

Trade, the Left, and Trump

Trade, the Left, and Trump

Trade, the Left, and Trump

37 posted on 05/07/2019 4:48:38 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Innovative
Winston Churchill warned against "building German industry with British and American money" when it would empower the Nazi regime; a warning equally valid for a China still run by the Communist Party. It had been fashionable for some time to claim that a more prosperous China would become a more liberal China. But that has not been the case and is no loner a tenable stance. President Xi Jinping's "China Dream" echoes too many of the themes of Hitler's Mein Kampf for anyone to rest easy.

Read more: link here

Follow us: @AmericanThinker on Twitter | AmericanThinker on Facebook

38 posted on 05/07/2019 4:57:28 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: bert
International trade was an issue that cut across party lines. Presidents of both parties favored "trade promotion" as an end in itself. Post-Cold War "globalists" -- backed by "transnational" corporations, persuaded them that the creation of social networks unencumbered by borders was the wave of the future.

Read more: Link

Follow us: @AmericanThinker on Twitter | AmericanThinker on Facebook

39 posted on 05/07/2019 5:02:30 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

the market is then working to stabilize the price of the can opener


40 posted on 05/07/2019 5:16:35 AM PDT by bert ( (KE. NP. N.C. +12) Honduras must be invaded to protect America from invasion)
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