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China backtracked on almost all aspects of U.S. trade deal – sources

reuters.com

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Re: China backtracked on almost all aspects of U.S. trade deal – sources

#21

Post by gdsdfe »

baybal2 wrote: post #14
Shivetya wrote: post #2

So 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?

> So basically China's stance is, we cannot change our laws so our bad trading practices must remain in place? China's, or better said Liu He's, stance is "we will not do anything if it has chance to blew into Xi Jinping's face" Xi brandished how he tames "capitalist tigers" by wholly appropriating the credit for the trade deal. Now he is being made to look stupid with a single twiter post. It is likely he will not t…

I feel like none knows how to deal with the Chinese, there's a cultural gap that the US and Europe are not accounting for, the Chinese care a lot about saving face and status

Re: China backtracked on almost all aspects of U.S. trade deal – sources

#22

Post by ajmurmann »

Leary wrote: post #11

The most recent tweets by Trump regarding this: "The reason for the China pullback & attempted renegotiation of the Trade Deal is the sincere HOPE that they will be able to “negotiate” with Joe Biden or one of the very weak Democrats, and thereby continue to ripoff the United States (($500 Billion a year)) for years to come... Guess what, that’s not going to happen! China has just informed us that they (Vice-Premier)…

There are very real problems with how China treats foreign companies (intellectual theft, requirements to partner with Chinese companies and many more). I'm happy they get addressed. However, Trump completely misrepresents the problem and the impact of tariffs. The negotiations clearly are tackling the right issues, yet here he is talking about trade deficits as some kind of theft and tariffs as a straight up win like some moron who doesn't get econ 101. He is doing his (for once) good effort such a disservice. Is he trying to divide the country by even representing his good work in a way that will only appeal to his hardcore supporters or does he truly not get it? Is there a more charitable explanation?

Edit: I also have very sour memories of Obama complaining about the trade deficit with Germany. In that case none of the real issues like we have doing business with China existed. In essence Obama was complaining about German companies being too successful and Germans saving too much money. Maybe I'm particular sensitive to trade deficit rhetoric because of that. If the passing field is level, then maybe the deficit is the fault of the country that has the deficit. In this case the playing field is very skewed and that's the problem.

Re: China backtracked on almost all aspects of U.S. trade deal – sources

#23

Post by jasonlotito »

verroq wrote: post #3

I 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.

I'll bite instead of just downvoting.

> China deserves the pain train for backpedalling.

Fine, I'll accept your premise here. Now, on the flip side:

Why do I deserve "the pain train" for what's happening with China? Why should I and others I know suffer for this?

> I don't understand the hate Trump gets for doing what needs to be done.

Because things for me were good before, and now they are less good as a direct result of things he's doing. Trump isn't doing anything to alleviate that, and if he is, I'm not seeing the results.

Finally, he serves me, so I have every right to demand results. He made lots of promises, and he's failed many of them already.

So answer my questions. Especially with the context of him not saying we'd have to suffer for his failures.

Re: China backtracked on almost all aspects of U.S. trade deal – sources

#24

Post by CWuestefeld »

Related to this and the censorship story already on the front page:

China is censoring internal news about these trade controversies. From family over there I know that the general public isn't seeing this on TV or anything. And even messages on WeChat are being taken down (my wife has had several private postings removed)

Re: China backtracked on almost all aspects of U.S. trade deal – sources

#25

Post by nabla9 »

Maybe China was just playing time and trying to time the trade conflict.

US elections are next year. If the trade war escalates this summer, the effect on voters and the US economy will be hardest 6 to 12 months from now. After that the US economy will start to adjust for the new normal.

Re: China backtracked on almost all aspects of U.S. trade deal – sources

#26

Post by dsfyu404ed »

ok_coo wrote: post #20
whytaka wrote: post #4

Earlier quoted context omitted.

This is the one thing where I find myself supporting the policies of the Trump administration.

Yep, one of the hardest and most important things in life is the ability to agree/compromise with people you have fundamental issues with. This is one of those cases and his tweet is correct, they can just wait this out until the next election after someone new gets in and we do a 180.

They might be waiting until 2025. That's a long time to wait.

Re: China backtracked on almost all aspects of U.S. trade deal – sources

#27

Post by rrggrr »

awinder wrote: post #13
verroq wrote: post #3

I 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.

theres a lot of reasons for someone to look at both what and how trump is approaching this, and rationally come away less-than-enthused: 1. Poor execution & personnel at odds with each other leaking play-by-play details has led to a lot of market fluctuation and difficulty for the market to price in the "real world". Anyone exposed to this gets a first hand look at the monetary cost of this. 2. Real impacts of the ta…

The facts say differently:

GDP growing around 3%.

US net exports up about $55b.

Unemployment 50 year low.

Minority unemployment record low.

Non-farm payrolls up by about 3%.

Business confidence (Fed Ind Businesses) highest in 45 years.

(sources)

https://www.whitehouse.gov/trump-administration-accomplishme...

https://www.cnbc.com/2018/09/07/how-trump-has-set-economic-g...

Re: China backtracked on almost all aspects of U.S. trade deal – sources

#28

Post by maxxxxx »

verroq wrote: post #3

I 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.

I am with him on this issue but I have strong doubts about him being able to find a resolution. When I look at the North Korea situation, his health care “plan” and other issues he seems to like going in and talk tough but in the end he gets nothing done. I wouldn’t be surprised if at some point China would flatter Trump with some nice words and then Trump would declare “I love China” and forget about the whole thing.

Re: China backtracked on almost all aspects of U.S. trade deal – sources

#29

Post by maxxxxx »

martythemaniak wrote: post #10
verroq wrote: post #3

I 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 mi…

Agreed. He likes to talk tough but he doesn’t seem interested in doing the hard work of finding a solution.

Re: China backtracked on almost all aspects of U.S. trade deal – sources

#30

Post by hourislate »

martythemaniak wrote: post #10
verroq wrote: post #3

I 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 mi…

I don't really know what your comment has to do with the Trade dispute?

What do we do about a Chinese Government that is responsible for the largest transfer of wealth in human history through theft of western IP and Technology? Do we just keep doing business as usual and ignore the unfair trade practices and forced technology transfers? Do we ignore Muslim Internment camps, slave labor, political oppression, etc?

So what do you think? Should the USA capitulate, what's your plan?

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