China Tariffs

dealmaker · Oct 1, 2018

China Tariffs

JPMorgan Chase now expects President Trump to slap 25% tariffs on all Chinese imports next year. The investment bank sees the predicted move sinking the yuan to its lowest point in the last decade. There's certainly nothing to suggest that the Sino-American spat is going away soon—Defense Secretary Jim Mattis has just cancelled talks with his Chinese counterpart. Fortune

UsualName · Oct 1, 2018

Right. I was also reading the Chinese have now graduated to offensive naval postures on ships in the SCS. There’s a quiet war going on.

Wallet · Oct 2, 2018

Imo, this is the financial straw breaker....opens the door, China, Russia to openly follow the lead.

https://www.zerohedge.com/news/2018...cle-bypass-swift-jeopardizing-dollars-reserve

Europe Unveils "Special Purpose Vehicle" To Bypass SWIFT, Jeopardizing Dollar's Reserve Status

Snarkhund · Oct 3, 2018

China has 240 nuclear weapons. Russia has 6500+ nuclear weapons.

Worry about Russia.

But I have to admit that chinese destroyer was modern and badass looking.

Tsing Tao · Oct 3, 2018

Wallet said:
Imo, this is the financial straw breaker....opens the door, China, Russia to openly follow the lead.

https://www.zerohedge.com/news/2018...cle-bypass-swift-jeopardizing-dollars-reserve

Europe Unveils "Special Purpose Vehicle" To Bypass SWIFT, Jeopardizing Dollar's Reserve Status

In my opinion, removing the dollar from the world's reserve status would be great.

UsualName · Oct 3, 2018

Tsing Tao said:
In my opinion, removing the dollar from the world's reserve status would be great.

What? Why?

UsualName · Oct 3, 2018

Snarkhund said:
China has 240 nuclear weapons. Russia has 6500+ nuclear weapons.

Worry about Russia.

But I have to admit that chinese destroyer was modern and badass looking.

Two hundred and forty is plenty. For a lot of reasons we could actually lose in a war with China. Whereas, we would certainly defeat Russia very quickly.

Tsing Tao · Oct 3, 2018

UsualName said:
What? Why?

Do a little economic research on the curse of a reserve currency.

vanzandt · Oct 3, 2018

UsualName said:
For a lot of reasons we could actually lose in a war with China. .

Yeah, and then good luck collecting the 1.5 Trillion we owe them.

UsualName · Oct 3, 2018

vanzandt said:
Yeah, and then good luck collecting the 1.5 Trillion we owe them.

It goes both ways but in the hypothetical, we don’t a war with China at all.