Welcome Guest [Log In] [Register]
Welcome to Perspectives. We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
China Responds to Trump Administration Dollar-for-Dollar with $16 Billion in Retaliatory Tariffs
Topic Started: Aug 8 2018, 07:51 PM (316 Views)
La Pasionaria
Member Avatar

Oh and just in time to screw the average American just before the mid-terms:

China Responds to Trump Administration Dollar-for-Dollar with $16 Billion in Retaliatory Tariffs; https://www.nationalreview.com/news/china-responds-to-trump-administration-dollar-for-dollar-with-16-billion-in-retaliatory-tariffs/

"China announced on Wednesday that it will implement a 25 percent tariff on $16 billion in U.S. goods after the Trump administration finalized plans to implement charges on an equal amount of Chinese imports.

The tariffs, first reported by CNBC, will effect crude oil, cars, coal, Vaseline, and plastic products, among other goods.

The latest tariffs announced by the Trump administration, which will go into effect on August 23, bring the total value of Chinese imports taxed at 25 percent to $50 billion.

“This is tit-for-tat exactly,” said Art Hogan, chief market strategist at B. Riley FBR, told CNBC of the latest escalation. “Our $16 billion comes at a scheduled time, which comes up on the 23rd. China said we see your $16 billion and we’ll match your $16 billion.”

Man that's winning!!!!!!!!!!

:booboo: :booboo: :booboo: :booboo: :booboo:
Offline Profile Quote Post Goto Top
 
jake58

Bwahahahahaha... since the Chinese export nearly $400 billion more to us than they get from us, they're going to run out of 'tit for tat' reasonably soon. I'm pretty sure they'll figure it out but I don't hold the same hope for you. How are the recounts going anyway?
That which can be asserted without evidence; can be dismissed without evidence- Christopher Hitchens
Offline Profile Quote Post Goto Top
 
Right-Wing
Member Avatar

jake58
Aug 8 2018, 09:54 PM
Bwahahahahaha... since the Chinese export nearly $400 billion more to us than they get from us, they're going to run out of 'tit for tat' reasonably soon. I'm pretty sure they'll figure it out but I don't hold the same hope for you. How are the recounts going anyway?
:lol:
Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt - Sun Tzu
Online Profile Quote Post Goto Top
 
Drudge X
Member Avatar

What is it with leftists and basic arithmetic?
Democrats 2020 platform: free s**t, open border, standing up for China, embrace MS 13
Offline Profile Quote Post Goto Top
 
Robert Stout
Member Avatar

I suggest we cut to the chase and embargo ALL imports from China................ :nana:
Jesus can raise the dead, but he can't fix stupid
Offline Profile Quote Post Goto Top
 
StillCrazy1
Member Avatar
!!!!
Why is nobody asking where the tariff money goes?
Traditionally tariffs go to the governmnent. Not sure where they go or how they will be stolen with this administration.

As it stands the tariffs are just another tax on consumers, as the increased costs of goods will be passed on to us the consumer, and the tariff money goes into the governments pocket.
Edited by StillCrazy1, Aug 9 2018, 04:32 AM.
Ever notice the only 2 people Trump refuses to speak ill of are Stormy Daniels and Vladimir Putin?
Offline Profile Quote Post Goto Top
 
jake58

StillCrazy1
Aug 9 2018, 04:27 AM
Why is nobody asking where the tariff money goes?
Traditionally tariffs go to the governmnent. Not sure where they go or how they will be stolen with this administration.

As it stands the tariffs are just another tax on consumers, as the increased costs of goods will be passed on to us the consumer, and the tariff money goes into the governments pocket.
Don't liberals love taxes? You live in California ffs. Why would you be complaining about taxes? You gag for them.

But to answer your question, this is a trade negotiation, not the new normal. Europe has already agreed to work towards zero tariffs https://www.weeklystandard.com/irwin-m-stelzer/donald-trumps-meeting-with-jean-claude-juncker-was-a-victory-in-the-trade-war

... and China will be looking for a way to cave while saving face. I'm quite sure the US trade rep will provide them an exit strategy.

That which can be asserted without evidence; can be dismissed without evidence- Christopher Hitchens
Offline Profile Quote Post Goto Top
 
peewee

jake58
Aug 9 2018, 08:08 AM
StillCrazy1
Aug 9 2018, 04:27 AM
Why is nobody asking where the tariff money goes?
Traditionally tariffs go to the governmnent. Not sure where they go or how they will be stolen with this administration.

As it stands the tariffs are just another tax on consumers, as the increased costs of goods will be passed on to us the consumer, and the tariff money goes into the governments pocket.
Don't liberals love taxes? You live in California ffs. Why would you be complaining about taxes? You gag for them.

But to answer your question, this is a trade negotiation, not the new normal. Europe has already agreed to work towards zero tariffs https://www.weeklystandard.com/irwin-m-stelzer/donald-trumps-meeting-with-jean-claude-juncker-was-a-victory-in-the-trade-war

... and China will be looking for a way to cave while saving face. I'm quite sure the US trade rep will provide them an exit strategy.

The ultimate result is the impact the tariffs will have on our economy. At this time we Americans, according to the RCP average of polls for president job approval on the economy, have pegged Trump at 50% approval.
Offline Profile Quote Post Goto Top
 
Opinionated
Member Avatar

jake58
Aug 8 2018, 09:54 PM
Bwahahahahaha... since the Chinese export nearly $400 billion more to us than they get from us, they're going to run out of 'tit for tat' reasonably soon. I'm pretty sure they'll figure it out but I don't hold the same hope for you. How are the recounts going anyway?
Yes, that's true. So if they want to continue to retaliate, they're going to have to do so in other ways. Like, for example, imposing larger tariffs on U.S. imports. Or making it more difficult for U.S. companies to operate in China. Or coming up with other ways to obstruct and impede U.S. trade.

No one expects China to fight back simply by imposing a one for one tariff on U.S. goods, because as you've correctly pointed out the U.S. imports far more in the way of goods from China than China does from the U.S. And everyone paying attention knows this.

But it does seem like they may target specific goods imported from the U.S. that will more directly harm Trump's constituency, like agricultural products, as one example.
Offline Profile Quote Post Goto Top
 
Drudge X
Member Avatar

Opinionated
Aug 9 2018, 11:22 AM
jake58
Aug 8 2018, 09:54 PM
Bwahahahahaha... since the Chinese export nearly $400 billion more to us than they get from us, they're going to run out of 'tit for tat' reasonably soon. I'm pretty sure they'll figure it out but I don't hold the same hope for you. How are the recounts going anyway?
Yes, that's true. So if they want to continue to retaliate, they're going to have to do so in other ways. Like, for example, imposing larger tariffs on U.S. imports. Or making it more difficult for U.S. companies to operate in China. Or coming up with other ways to obstruct and impede U.S. trade.

No one expects China to fight back simply by imposing a one for one tariff on U.S. goods, because as you've correctly pointed out the U.S. imports far more in the way of goods from China than China does from the U.S. And everyone paying attention knows this.

But it does seem like they may target specific goods imported from the U.S. that will more directly harm Trump's constituency, like agricultural products, as one example.
Bull. China needs customers. US is the only gullible country in the world consuming massive amount of Chinese made goods.
Democrats 2020 platform: free s**t, open border, standing up for China, embrace MS 13
Offline Profile Quote Post Goto Top
 
La Pasionaria
Member Avatar

Drudge X
Aug 9 2018, 12:54 AM
What is it with leftists and basic arithmetic?
What is it with Trump acolytes and the truth?:

South Carolina manufacturer says it's closing plant over Trump tariffs; http://thehill.com/policy/finance/400761-south-carolina-manufacturer-says-its-closing-plant-over-trump-tariffs

"Element Electronics, a consumer electronics company in South Carolina, says it will be closing its plant in Winnsboro due to tariffs imposed by President Trump.
The State reported Tuesday that the company was one of the largest remaining employers in Fairfield County after the local Walmart, which used to be the largest grocery store in the county, closed its doors two years ago...The company said it plans to start laying off workers in October, a move that will reportedly cost the county 126 jobs."
Offline Profile Quote Post Goto Top
 
Drudge X
Member Avatar

Leftists having trouble understanding net gain.

I'll ask leftists for the tenth time.

What should be done about the trade imbalance with China and IP theft?
Democrats 2020 platform: free s**t, open border, standing up for China, embrace MS 13
Offline Profile Quote Post Goto Top
 
Opinionated
Member Avatar

Drudge X
Aug 9 2018, 01:27 PM
Opinionated
Aug 9 2018, 11:22 AM
jake58
Aug 8 2018, 09:54 PM
Bwahahahahaha... since the Chinese export nearly $400 billion more to us than they get from us, they're going to run out of 'tit for tat' reasonably soon. I'm pretty sure they'll figure it out but I don't hold the same hope for you. How are the recounts going anyway?
Yes, that's true. So if they want to continue to retaliate, they're going to have to do so in other ways. Like, for example, imposing larger tariffs on U.S. imports. Or making it more difficult for U.S. companies to operate in China. Or coming up with other ways to obstruct and impede U.S. trade.

No one expects China to fight back simply by imposing a one for one tariff on U.S. goods, because as you've correctly pointed out the U.S. imports far more in the way of goods from China than China does from the U.S. And everyone paying attention knows this.

But it does seem like they may target specific goods imported from the U.S. that will more directly harm Trump's constituency, like agricultural products, as one example.
Bull. China needs customers. US is the only gullible country in the world consuming massive amount of Chinese made goods.
The U.S. may be the world's largest market, but it is far from the only market. If China doesn't sell goods in the U.S. because the tariffs are too high, maybe it sells good to the EU at a reduced price. Or other markets. While it "wants" to participate in the U.S. market, it won't if becomes too detrimental to both its economy standing and its world status.

If it were going to be that easy, China would have already capitulated. They're not stupid, they know that their economy is closely tied to that of the U.S. And if they saw a deal worth making, they would have made it.
Offline Profile Quote Post Goto Top
 
Drudge X
Member Avatar

Opinionated
Aug 9 2018, 05:18 PM
Drudge X
Aug 9 2018, 01:27 PM
Opinionated
Aug 9 2018, 11:22 AM
jake58
Aug 8 2018, 09:54 PM
Bwahahahahaha... since the Chinese export nearly $400 billion more to us than they get from us, they're going to run out of 'tit for tat' reasonably soon. I'm pretty sure they'll figure it out but I don't hold the same hope for you. How are the recounts going anyway?
Yes, that's true. So if they want to continue to retaliate, they're going to have to do so in other ways. Like, for example, imposing larger tariffs on U.S. imports. Or making it more difficult for U.S. companies to operate in China. Or coming up with other ways to obstruct and impede U.S. trade.

No one expects China to fight back simply by imposing a one for one tariff on U.S. goods, because as you've correctly pointed out the U.S. imports far more in the way of goods from China than China does from the U.S. And everyone paying attention knows this.

But it does seem like they may target specific goods imported from the U.S. that will more directly harm Trump's constituency, like agricultural products, as one example.
Bull. China needs customers. US is the only gullible country in the world consuming massive amount of Chinese made goods.
The U.S. may be the world's largest market, but it is far from the only market. If China doesn't sell goods in the U.S. because the tariffs are too high, maybe it sells good to the EU at a reduced price. Or other markets. While it "wants" to participate in the U.S. market, it won't if becomes too detrimental to both its economy standing and its world status.

If it were going to be that easy, China would have already capitulated. They're not stupid, they know that their economy is closely tied to that of the U.S. And if they saw a deal worth making, they would have made it.
EU market isn't big enough to sustain the Chinese economy. Besides, many European countries, the poorer ones can produce their own goods.
Democrats 2020 platform: free s**t, open border, standing up for China, embrace MS 13
Offline Profile Quote Post Goto Top
 
Right-Wing
Member Avatar

La Pasionaria
Aug 9 2018, 03:54 PM
Drudge X
Aug 9 2018, 12:54 AM
What is it with leftists and basic arithmetic?
What is it with Trump acolytes and the truth?:

South Carolina manufacturer says it's closing plant over Trump tariffs; http://thehill.com/policy/finance/400761-south-carolina-manufacturer-says-its-closing-plant-over-trump-tariffs

"Element Electronics, a consumer electronics company in South Carolina, says it will be closing its plant in Winnsboro due to tariffs imposed by President Trump.
The State reported Tuesday that the company was one of the largest remaining employers in Fairfield County after the local Walmart, which used to be the largest grocery store in the county, closed its doors two years ago...The company said it plans to start laying off workers in October, a move that will reportedly cost the county 126 jobs."
The company had fewer employees than the local Wal-Mart...do you really think that's a significant loss in the grand scheme of things? Especially when the jobs market is on fire? Those employees will be able to find replacement jobs in no time and probably jobs with higher wages.

I grew up in this area and I can assure you the people around there are not at all bothered that the place is closing.
Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt - Sun Tzu
Online Profile Quote Post Goto Top
 
Drudge X
Member Avatar

When was the last time leftists care about farmers and Trump country workers? Right, leftists gave these workers the middle finger when Obama was president.
Democrats 2020 platform: free s**t, open border, standing up for China, embrace MS 13
Offline Profile Quote Post Goto Top
 
Right-Wing
Member Avatar

Trump was very smart to set the economy and jobs market on fire through deregulation and tax cuts before bringing the hammer down on China...by doing so, the victims of the "trade war" are all but guaranteed a soft landing in another job with probably better wages.

China doesn't really know who they're dealing with yet...but they'll soon find out!
Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt - Sun Tzu
Online Profile Quote Post Goto Top
 
jake58

Drudge X
Aug 9 2018, 07:33 PM
When was the last time leftists care about farmers and Trump country workers? Right, leftists gave these workers the middle finger when Obama was president.
That's a very good point... here we have the spectacle of libs 'worried' about the plight of the American farmer, like they give a s**t... only if they can blame Trump for something.
That which can be asserted without evidence; can be dismissed without evidence- Christopher Hitchens
Offline Profile Quote Post Goto Top
 
jake58

Opinionated
Aug 9 2018, 11:22 AM
jake58
Aug 8 2018, 09:54 PM
Bwahahahahaha... since the Chinese export nearly $400 billion more to us than they get from us, they're going to run out of 'tit for tat' reasonably soon. I'm pretty sure they'll figure it out but I don't hold the same hope for you. How are the recounts going anyway?
Yes, that's true. So if they want to continue to retaliate, they're going to have to do so in other ways. Like, for example, imposing larger tariffs on U.S. imports. Or making it more difficult for U.S. companies to operate in China. Or coming up with other ways to obstruct and impede U.S. trade.

No one expects China to fight back simply by imposing a one for one tariff on U.S. goods, because as you've correctly pointed out the U.S. imports far more in the way of goods from China than China does from the U.S. And everyone paying attention knows this.

But it does seem like they may target specific goods imported from the U.S. that will more directly harm Trump's constituency, like agricultural products, as one example.
You seem to be a real expert on what China can do to stymie Trump's trade war. Here's another view... from people a lot closer to the situation than you...

https://www.reuters.com/article/us-usa-trade-china-politics-analysis/handling-of-u-s-trade-dispute-causes-rift-in-chinese-leadership-sources-idUSKBN1KU0TU

China is currently screwed... the good news is that they know it and are developing their counter strategy. US politics(upcoming elections) might cause Trump to change direction but I hope not, this is our best chance to negotiate something to our advantage... when we have some strength and they're dealing with some weakness.
That which can be asserted without evidence; can be dismissed without evidence- Christopher Hitchens
Offline Profile Quote Post Goto Top
 
Opinionated
Member Avatar

jake58
Aug 9 2018, 07:53 PM
Drudge X
Aug 9 2018, 07:33 PM
When was the last time leftists care about farmers and Trump country workers? Right, leftists gave these workers the middle finger when Obama was president.
That's a very good point... here we have the spectacle of libs 'worried' about the plight of the American farmer, like they give a s**t... only if they can blame Trump for something.
We care about all Americans, unlike conservatives.
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Op EDITORIALS: personal & political governance · Next Topic »
Add Reply