Trump orders U.S. firms out of China after Beijing sets new tariffs • Hacker News Board

Re: Trump orders U.S. firms out of China after Beijing sets new tariffs

#111

Post by coliveira » Sat, Aug 24, 2019, 6:08 AM UTC

tathougies wrote: post #110

coliveira wrote: post #108

Earlier quoted context omitted.

Funny that Americans indoctrinated the entire world into thinking that import barriers were not civilized. And then now we discover that this is in fact a "founding principle"... right at the moment when the country cannot keep up with the competition. How convenient.

We didn't 'discover' it. America's constitution is one of the shortest in the world and written in very clear language. The text is available for free around the world. Being ignorant of its contents is completely 100% on you.

It seems that Americans are the ones who didn't know about this wonderful content for decades... only to rediscover now that it so important to restrict imports (when the country can't compete anymore, of course)!

Re: Trump orders U.S. firms out of China after Beijing sets new tariffs

#112

Post by dbtqgoat » Sat, Aug 24, 2019, 5:57 PM UTC

coliveira wrote: post #111

tathougies wrote: post #110

Earlier quoted context omitted.

We didn't 'discover' it. America's constitution is one of the shortest in the world and written in very clear language. The text is available for free around the world. Being ignorant of its contents is completely 100% on you.

It seems that Americans are the ones who didn't know about this wonderful content for decades... only to rediscover now that it so important to restrict imports (when the country can't compete anymore, of course)!

Yeah you said that, mate

Re: Trump orders U.S. firms out of China after Beijing sets new tariffs

#113

Post by NohatCoder » Sat, Aug 24, 2019, 5:58 PM UTC

Aperocky wrote: post #97

NohatCoder wrote: post #74

Earlier quoted context omitted.

Every country with tariffs have an army of bean counters whose job it is to deal with that kind of loopholes. Sure something will slip though, but anything big will get caught.

What do you mean? The stuff is made in Vietnam. Just like all of apple which source their chips to Intel and then assembled in China still count as made in China as a whole in the tariff book. This practice is as legal as it gets and cheaper than paying that 25% extra.

You may argue that it is made in Vietnam, but if whoever has to tax it don't agree, your argument counts for nothing. The US taxation officials don't have to come up with a non-contestable argument for why it is a Chinese product, they just need an argument that their own courts will accept, that generally isn't a particularly high standard in a situation where the USA and China are locked in a trade war.

Re: Trump orders U.S. firms out of China after Beijing sets new tariffs

#114

Post by Aperocky » Sat, Aug 24, 2019, 9:13 PM UTC

NohatCoder wrote: post #113

Aperocky wrote: post #97

Earlier quoted context omitted.

What do you mean? The stuff is made in Vietnam. Just like all of apple which source their chips to Intel and then assembled in China still count as made in China as a whole in the tariff book. This practice is as legal as it gets and cheaper than paying that 25% extra.

You may argue that it is made in Vietnam, but if whoever has to tax it don't agree, your argument counts for nothing. The US taxation officials don't have to come up with a non-contestable argument for why it is a Chinese product, they just need an argument that their own courts will accept, that generally isn't a particularly high standard in a situation where the USA and China are locked in a trade war.

Yes, the computer is made of 2750 parts, these parts come from 21 countries and some of them made several loops through different country. The final assembly place is $INSERT_COUNTRY. Now tell me, if the $INSERT_COUNTRY is Vietnam, how will the US government justify say this is not? because right now that $INSERT_COUNTRY is China and they're levying tax on that basis. You seem to grossly underestimate how interconnected the world is today.

Re: Trump orders U.S. firms out of China after Beijing sets new tariffs

#115

Post by raincom » Sat, Aug 24, 2019, 10:57 PM UTC

ashelmire wrote: post #30

tathougies wrote: post #17

Earlier quoted context omitted.

No. American companies would still be allowed to sell to China. The constitution offers pretty much absolute protection when it comes to export tariffs.

That isn't the heart of the issue. The issue is US products being produced in China and sold in the US. We import > 500 billion from China and export under 130 billion to China.

$500B exported on behalf of American companies from China $130B exported to China ----- $370B where does this go? Most of it goes to American controlled companies. A small amount goes to Chinese labor.