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Trump's Trade War Escalates as China Retaliates with 34% Tariffs

nytimes.com

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Re: Trump's Trade War Escalates as China Retaliates with 34% Tariffs

#51

Post by watwut »

dimitrios1 wrote: post #43
wtcactus wrote: post #33

Earlier quoted context omitted.

Well, Chinese don’t have proper elections so there, I don't know. But you can be sure that in the USA, this will all stop in 2 years with the midterms, and be reversed in 4 with the presidential elections. No one other than Trump’s fan base likes this even now, imagine in a few months when people start feeling the terrible repercussions.

I am not part of Trump's fan base, and I am in favor of taking action to reverse decades of negative trends I've seen happening as a result of American corporations selling their souls to the highest outside bidders. It's going to be short term pain for long term gain.

You genuinely think the corporations will stop "selling their souls to the highest outside bidder" with tariffs? Like, how exactly could such a thing happen?

Besides, corporations are actually better equipped to deal with sudden expenses then small businesses. Corporations will suffer the lest and possibly will pay for exceptions for themselves in white house. Smaller businesses wont be able to do the same.

Re: Trump's Trade War Escalates as China Retaliates with 34% Tariffs

#52

Post by tonyedgecombe »

[deleted] wrote: post #46
TheOtherHobbes wrote: post #30

Earlier quoted context omitted.

Half of Americans say they live paycheck to paycheck, so no - the majority of households will not be able to survive for long if they have to spend an extra few thousand to stay where they are today. Those that can will be cutting spending, which will ripple across the rest of the economy. There's no sign that negotiation is even possible, never mind likely. One tell is that tariffs have been applied to the Heard and…

[deleted]

You can't trust those penguins, they will do anything for a few fish.

Re: Trump's Trade War Escalates as China Retaliates with 34% Tariffs

#53

Post by mnky9800n »

drumhead wrote: post #4

No Hyper-economy, like China or the EU is going to stand about and take what seems like economic intimidation from the US. All the unaffiliated nations are going to be collateral damage in this clash of the economic titans. The best thing everyone can do is maintain low tariffs and try and strike free trade deals with each other. But the consequeces of Trumps Trade war are going to be disasterous for smaller developi…

Why does America get inflation and everyone else gets deflation in your view?

Re: Trump's Trade War Escalates as China Retaliates with 34% Tariffs

#54

Post by morkalork »

hello_moto wrote: post #23
drumhead wrote: post #4

No Hyper-economy, like China or the EU is going to stand about and take what seems like economic intimidation from the US. All the unaffiliated nations are going to be collateral damage in this clash of the economic titans. The best thing everyone can do is maintain low tariffs and try and strike free trade deals with each other. But the consequeces of Trumps Trade war are going to be disasterous for smaller developi…

And billionaires are still going to be rich. I hope one day USA wakes up and realize the solution is wealth tax to these billionaires

A wealth tax isn't the only solution, it's just the more civilized option that's in everyone's best interest

Re: Trump's Trade War Escalates as China Retaliates with 34% Tariffs

#55

Post by TheOtherHobbes »

alephnerd wrote: post #26
josefresco wrote: post #21

Earlier quoted context omitted.

> $2-4k blow over the next year as supply chains react. It's gonna take a lot longer, and cost Americans a lot more money for "supply chains to react" and move manufacturing to the US.

Manufacturing isn't returning to the US due to these tariffs. Just like before the tariffs, the US is still too expensive. On the other hand, it has killed cost-competitiveness for Chinese exports directly from China or via transshipment from Vietnam. The tariff regime has now made Latin America (Brazil, Colombia), Turkiye, Philippines, parts of the EU (Poland, Czechia, Romania), and India cost competitive. And NAFTA…

They're not cost-competitive because they don't have anything like the same manufacturing capacity or R&D facilities for many manufacturing sectors.

Re: Trump's Trade War Escalates as China Retaliates with 34% Tariffs

#56

Post by guerrilla »

happytoexplain wrote: post #36
boxed wrote: post #10

How is it retaliation to destroy your own economy by making the same bad life choices? Isn't actual retaliation to just ignore the entire thing and thank the US for the extra percentage points in advantage you got for free?

"Be the better person" is a good rule of thumb, but it's a bad strategy when somebody attacks you materially.

It's not about that. It's about China imposing tarrifs being harmful to China. The US shot itself in the foot. Should we also shoot ourselves in our feet? No, we can just stand back and let them bleed to death.

Re: Trump's Trade War Escalates as China Retaliates with 34% Tariffs

#57

Post by yladiz »

whycome wrote: post #45
djha-skin wrote: post #35

I'm kinda happy about this. Our farmers in Utah lobby so hard for water, then use it to grow alfalfa which they sell to China because they can sell it there for more money than it can be sold locally. It boils my circuits that they ask for our precious water -- to which they have historically had an obvious right, growing our food -- and then basically ship it overseas. Keep the crops at least sold in the US, and hop…

But youve clearly defined what the problem is. Is a tariff the solution?

It’s not the only solution, but it is one, as we saw back in the first Trump administration and their tariffs on, and the resulting counter tariffs from, China. It will almost certainly dramatically reduce demand for crops like this from the US, which will lead to less farmers (as many leave the business or go bankrupt) and ultimately less water usage by the farmers.

Re: Trump's Trade War Escalates as China Retaliates with 34% Tariffs

#58

Post by wtcactus »

dimitrios1 wrote: post #43
wtcactus wrote: post #33

Earlier quoted context omitted.

Well, Chinese don’t have proper elections so there, I don't know. But you can be sure that in the USA, this will all stop in 2 years with the midterms, and be reversed in 4 with the presidential elections. No one other than Trump’s fan base likes this even now, imagine in a few months when people start feeling the terrible repercussions.

I am not part of Trump's fan base, and I am in favor of taking action to reverse decades of negative trends I've seen happening as a result of American corporations selling their souls to the highest outside bidders. It's going to be short term pain for long term gain.

Negative trends of what? Exchanging highly paid services for cheap goods?

EU needs to start taxing heavily any services provided here by the USA. Having the USA moron in Chief pretending that the comercial balance is solely made of physical goods to create an Excel sheet warrants a nice lesson.

Re: Trump's Trade War Escalates as China Retaliates with 34% Tariffs

#59

Post by Herring »

sandworm101 wrote: post #31

>> Trump's Trade War That might be how it is understood locally, but on an international scale this is quickly moving from "Trump's" to "America's" trade war. Various levels of US government have had opportunity to weigh in, but have generally acquiesced to the recent tariff policies. Calling this a "trump problem" wont fly much longer. This is now American trade policy.

Yeah 1) He won the popular vote. His support actually increased the 2nd time around, and 2) He should be in a tiny jail cell right now, what was Biden doing for 4 years?

This isn’t going away even if he leaves office in 4 years (which is looking unlikely).

Re: Trump's Trade War Escalates as China Retaliates with 34% Tariffs

#60

Post by [deleted] »

rjtavares wrote: post #25
boxed wrote: post #10

How is it retaliation to destroy your own economy by making the same bad life choices? Isn't actual retaliation to just ignore the entire thing and thank the US for the extra percentage points in advantage you got for free?

You can't be bullied and not respond - that's an invite for future bullying. Besides, this isn't at all the same. China isn't adding tariffs on the whole world like the US are.

[deleted]
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