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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

#91

Post by incomingpain »

When obama brought in his affordable healthcare, one of the big issues he discovered was that healthcare in the usa depends almost entirely on exports from china.

the other issue at the same time for the democrats was that they were losing middle american votes because the globalists shipped those jobs overseas.

There has been bipartisan support to exit globalism since; and it is over obviously. Obama, Biden, and Trump have all be making major changes to exit.

Without the need for global trade, the usa is also no longer world police. They have instead condensed their blue water navies down to super carrier groups that will project power into specific spots like yemen/houthis for example.

The usa rather abruptly switched from trying to sustain stability over the world to the opposite; they benefit from causing chaos elsewhere because backhome stability will be attractive to investors.

Welcome to how trade always was; we usually had our navies trading bullets and not goods.

China isn't ready and these retaliatory tariffs will only punish themselves.

https://www.usni.org/magazines/proceedings/2020/february/chi...

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

#93

Post by jajko »

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.

[flagged]

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

#94

Post by ezst »

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.

What you see here is entirely about "corporations selling their souls to the highest outside bidders", who do you even think benefits from all this if not the oligarchs?

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

#95

Post by nickthegreek »

josefritzishere wrote: post #40

My work is raising prices about 25% just based on the asumption. Apologies to the customers.

Prices are going up on everything. As a customer, I will be buying less products. Apologies to the Employees who will be losing their jobs over reduced profits.

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

#96

Post by whycome »

pixl97 wrote: post #78
Trasmatta wrote: post #71

Earlier quoted context omitted.

What does US farmers going bankrupt solve?

I believe you may have some reading comprehension problem with what they laid out? At least in the parents posters mind that less farm exports leads to less water usage. Hence bankrupt farmers solves things like aquifers going empty and lakes draining leavings environmental disasters. Now, how it actually works out in the end may be different, but the concept doesn't seem completely broken at first appearance.

Bankrupting farmers isn't a solution. That's like also saying bankrupting consumers means they'll eat less. The initial problem laid out what farm products leaving for China. They had no problem with using the water, just that its products were being exported rather than used locally. Also, water is a local cycle. Keep the products close to put the water back into the systems.

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

#97

Post by goatlover »

wtcactus wrote: post #33
akmarinov wrote: post #5

Wonder whether Americans or the Chinese can weather tough times better. Chinese don’t get to protest or voice dissent and Americans can’t be bothered to

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.

Hopefully so, but I'm not certain elections will be the same as they have. There's reason to believe Trump has no intention of leaving office, and the Republican party has not intention of losing power. This is their chance to remake America long term, and they can't really do that if it gets overturned every 2-4 years.

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

#99

Post by n4r9 »

bitshiftfaced wrote: post #80
UncleEntity wrote: post #61

Earlier quoted context omitted.

I asked the google and it appears a big chunk of Chinese imports are agricultural products. Farmers not having a market to sell their products into isn't such a good thing for any administration so they seem to have a bunch of leverage on this point alone.

China can hit American farmers, but their overall trade surplus is $295 billion. The US has much more leverage.

The USA accounts for 15% of China's exports. That's big. But the US is facing retaliatory tariffs from not just China but also Canada and the EU and others, accounting for over 35% of US exports. China is betting on the rest of the world being tough to the US, and it might well pay off.

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

#100

Post by tacticalturtle »

thefreeman wrote: post #44
alephnerd wrote: post #7

Earlier quoted context omitted.

It will suck on both sides, but the majority of American households can weather a $2-4k blow over the next year as supply chains react. Congress stepping in to exclude Canada and Mexico and the NAFTA exemption cushions the blow significantly. Most of Latin America being placed at the lower end of the announcement means manufacturers who used to be competitive until China Shock set around 2014-16 can be cost competiti…

> Congress stepping in to exclude Canada and Mexico and the NAFTA exemption cushions the blow significantly. I know the senate voted this through. But it still has to pass the house doesn't it? I doubt it will even get to be voted on with Mike Johnson as speaker.

And even then, they’d need a 2/3 majority in both chambers to get past a Trump veto right?

There’s no way they’d get that in the house.

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