China backtracked on almost all aspects of U.S. trade deal – sources
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Re: China backtracked on almost all aspects of U.S. trade deal – sources
#2So basically China's stance is, we cannot change our laws so our bad trading practices must remain in place?
While we only get news of trade imbalances between US and China to include all their tariffs and restrictions can someone for the EU or elsewhere chime in with how their nations fare?
Re: China backtracked on almost all aspects of U.S. trade deal – sources
#3I don't understand the hate Trump gets for doing what needs to be done. All these issues esp. theft of intellectual property, IP transfer, currency manipulation are much more important in the long term than some tarrifs.
One shitpost tweet crashed SZSC by 7%, most of China couldn't even read it. Trump is in a position of power at least with this negotiation.
China deserves the pain train for backpedalling.
Re: China backtracked on almost all aspects of U.S. trade deal – sources
#4I don't understand the hate Trump gets for doing what needs to be done. All these issues esp. theft of intellectual property, IP transfer, currency manipulation are much more important in the long term than some tarrifs. One shitpost tweet crashed SZSC by 7%, most of China couldn't even read it. Trump is in a position of power at least with this negotiation. China deserves the pain train for backpedalling.
This is the one thing where I find myself supporting the policies of the Trump administration.
Re: China backtracked on almost all aspects of U.S. trade deal – sources
#5I don't understand the hate Trump gets for doing what needs to be done. All these issues esp. theft of intellectual property, IP transfer, currency manipulation are much more important in the long term than some tarrifs. One shitpost tweet crashed SZSC by 7%, most of China couldn't even read it. Trump is in a position of power at least with this negotiation. China deserves the pain train for backpedalling.
The trade war isn't helping anyone. It's costing US consumers, companies, farmers and the stock market.
Just a quick search, I couldn't find any mainstream, usually Republican leaning economists, magazines, or newspapers that said it was a good idea.
Re: China backtracked on almost all aspects of U.S. trade deal – sources
#6I don't understand the hate Trump gets for doing what needs to be done. All these issues esp. theft of intellectual property, IP transfer, currency manipulation are much more important in the long term than some tarrifs. One shitpost tweet crashed SZSC by 7%, most of China couldn't even read it. Trump is in a position of power at least with this negotiation. China deserves the pain train for backpedalling.
> Trump gets for doing what needs to be done.
Reducing new borrowings and doing dramatic gestures to reduce debt? No, he is not doing that. US deficit shot up dramatically as giant loads of new t-bills went into circulation, and financial players got strong signal on US interest rates.
To reduce the trade deficit, the first thing to do is to reduce the fiscal deficit — a thing that has little to do with trade.
Re: China backtracked on almost all aspects of U.S. trade deal – sources
#7I don't understand the hate Trump gets for doing what needs to be done. All these issues esp. theft of intellectual property, IP transfer, currency manipulation are much more important in the long term than some tarrifs. One shitpost tweet crashed SZSC by 7%, most of China couldn't even read it. Trump is in a position of power at least with this negotiation. China deserves the pain train for backpedalling.
This is the one thing where I find myself supporting the policies of the Trump administration.
I have to agree. And, while I will hate myself for this, but after Biden's statement that China is not a competition, who I will end up voting for in the next election is no longer given.
Re: China backtracked on almost all aspects of U.S. trade deal – sources
#8In the long perspective the Chinese market is the larger one with more people. Currently it makes sense for the US to be protectionist, in the long run the US market is smaller and Chinese companies will benefit from the larger Chinese market.
This played out over 50y with the fragmented European market vs. the larger homogeneous US market. Starting in the US was (is) much more beneficial than starting in Europe (the language and culture issue here will never go away even when policy is more and more unified).
Re: China backtracked on almost all aspects of U.S. trade deal – sources
#9I don't understand the hate Trump gets for doing what needs to be done. All these issues esp. theft of intellectual property, IP transfer, currency manipulation are much more important in the long term than some tarrifs. One shitpost tweet crashed SZSC by 7%, most of China couldn't even read it. Trump is in a position of power at least with this negotiation. China deserves the pain train for backpedalling.
The trade war isn't helping anyone. It's costing US consumers, companies, farmers and the stock market. Just a quick search, I couldn't find any mainstream, usually Republican leaning economists, magazines, or newspapers that said it was a good idea.
there are some narrow interests that favor Trump tariffs.
e.g. the United Steelworkers Union:
"China ... dumps its excess aluminum and steel on the world market at super-discounted prices. The United States, in conjunction with European allies and others, has repeatedly over the past decade negotiated with China to stop defying the rules it agreed to abide by when it gained entrance to the World Trade Organization in 2001. China repeatedly has said it would. And then it doesn’t."
http://inthesetimes.com/working/entry/21027/union_steel_tari...
Re: China backtracked on almost all aspects of U.S. trade deal – sources
#10I don't understand the hate Trump gets for doing what needs to be done. All these issues esp. theft of intellectual property, IP transfer, currency manipulation are much more important in the long term than some tarrifs. One shitpost tweet crashed SZSC by 7%, most of China couldn't even read it. Trump is in a position of power at least with this negotiation. China deserves the pain train for backpedalling.
Perhaps you can understand it better if you ask yourself if he and his administration is actually capable of achieving anything. Did his tweetbluster and love for Kim denuclearize the Korean Peninsula? Did his wall or child caging stop immigration? Did his repeal of parts of the ACA give people "the best health coverage"? Did his Muslim travel ban stop terrorism and make America safer? Did Jared bring peace to the middle east? Did his constant slagging of NATO and the EU make America stronger? Are you starting to see a pattern?