Trump Has Gotten China to Lower Its Tariffs. Just Toward Everyone Else.

[GRULSTMRNN]

Slow down, that is NOT what you previously said. You had a big mouth claiming Rmb is widely accepted in Asia around China. I and someone else shared different eyewitness testimony. In Bali for example Rmb was not even on the list of many money changers despite lots of Chinese tourists going to Bali. Same in Korea and Japan. Rmb is definitely not widely accepted outside of China. In that @NeedToLearn correctly pointed out your differing view.

We all agreed, however, that Chinese can still easily convert their currency to foreign fx given it is within the legal limits imposed by China.

You might want to try reading my post again. It stands unedited. I say clearly exactly what you are saying.

Are you lacking reading comprehension today or just a few IQ points?

 

[NeedToLearn]

Not exactly. Many countries in proximity to China do accept RMB, on retail or commercial levels. Tourist areas in say Seoul will outright accept RMB.

I'd expect better from you given you are Asia focused.

I was referring to the bold letters. The way you worded it made it sound like retail stores in Seoul will accept RMB. Tourist areas do NOT accept RMB there, ONLY tourist SHOPPING CENTERS accept them. There is a difference.

Nice of you to take it personal and attack someone else's intelligence based on few lines. Very classy mate.

 

[SunTrader]

What's the source of authority on that claim?

While I don't closely follow China's trade with other countries, I do remember having read a couple of reports on China retaliating against the US and at the same time lowering trade barriers (including tariffs) ........

P.S. I highly recommend this book "The Secrets of the Federal Reserve" by Eustace Mullins (he was falsely branded as anti-semitic).

https://www.barnesandnoble.com/w/th...-eustace-mullins/1017687047?ean=9780979917653

Thanks for the book reco. Along those lines I've read (another oldie) The Mystery of Banking by Murray N. Rothbard and a very recent one - 2017, Fed Up by Danielle DiMartino Booth. Both excellent IMHO.

 

[tsznecki]

Slow down, that is NOT what you previously said. You had a big mouth claiming Rmb is widely accepted in Asia around China. I and someone else shared different eyewitness testimony. In Bali for example Rmb was not even on the list of many money changers despite lots of Chinese tourists going to Bali. Same in Korea and Japan. Rmb is definitely not widely accepted outside of China. In that @NeedToLearn correctly pointed out your differing view.

We all agreed, however, that Chinese can still easily convert their currency to foreign fx given it is within the legal limits imposed by China.

Oh, what did I say then?

Because I was in Bali myself a few months ago, and how convenient they do accept RMB there!

http://www.centralkutabali.com/

Hmm you are wrong once again: https://www.tripadvisor.ca/ShowTopic-g294197-i8161-k7910755-Exchange_RMB_for_Won-Seoul.html

https://www.travelvui.com/south-korea/seoul/the-5-best-places-to-exchange-money-in-seoul/

Maybe you should leave HK once in a while volpunter and see what the world is doing.

 

[tsznecki]

I was referring to the bold letters. The way you worded it made it sound like retail stores in Seoul will accept RMB. Tourist areas do NOT accept RMB there, ONLY tourist SHOPPING CENTERS accept them. There is a difference.

Nice of you to take it personal and attack someone else's intelligence based on few lines. Very classy mate.

Oh by your definition tourism isn't retail? Myeongdong isn't a tourist area? LOL. Clearly you have never been and are talking out of your ass. Which shopping centers in Jamsil do you prefer? LOL. Nice $500 trading account.

I don't need to keep it classy when your IQ is less than the number of digits on your hand.

 

[elitenapper]

False. An author making claims ALWAYS has the burden of proof. Not the reader.

And why are we turning in circles? The claim was that China has lowered tariffs for non US trading partners since the beginning of the trade war with the US. That is not correct, it is not evidenced anywhere, there is nothing that supports this claim. Nothing. And nobody so far provided any evidence that this claim is correct.

I rest my case.

The author has met that burden in my opinion. You didn't read the footnotes? Here's some of the links:
http://fta.mofcom.gov.cn/english/fta_qianshu.shtml

https://www.export.gov/article?id=China-Trade-Agreements

http://ptadb.wto.org/ptaDocuments.aspx



It's subject to rebuttal, of course. You're saying that the author is biased or has made false representations, but you've offered no evidence or proof to the contrary.

 

[GRULSTMRNN]

You pick a few exceptions but do not see the forest for the trees. I am pretty certain I got around Asia a little more often than you did/do. RMB is not widely accepted as exchange currency outside China. I do not care whether you found a few exceptions. I feel you do not understand basic statistics all too well. Just because a distribution has an average and just because most data are centered around such average does not preclude the fact that there are outliers that are defined by that distribution. You are basically claiming that because you found a few exceptions the mean/median must be centered around those exceptions.

Oh, what did I say then?

Because I was in Bali myself a few months ago, and how convenient they do accept RMB there!

http://www.centralkutabali.com/

Hmm you are wrong once again: https://www.tripadvisor.ca/ShowTopic-g294197-i8161-k7910755-Exchange_RMB_for_Won-Seoul.html

https://www.travelvui.com/south-korea/seoul/the-5-best-places-to-exchange-money-in-seoul/

Maybe you should leave HK once in a while volpunter and see what the world is doing.

 

[GRULSTMRNN]

Thank you for providing the proof that NOT one industrialized country on the list contained in your list has signed neither a free trade agreement with China (and especially has none of those proposed agreements kicked in) nor China has lowered tariffs for imports into China from that country SINCE the beginning of the US-China trade war. That was my claim and your link confirms that. Look at the first link and go down the list of industrialized countries. Not a single one has signed a deal where China lowers import tariffs since the start of the trade war.

The claim in the OP was that "China has lowered tariffs for industrialized countries other than the US since the beginning of the trade war between US and China" (I paraphrase). That was and remains inaccurate and factually wrong. You just seem too proud to admit.

I rest my case.

The author has met that burden in my opinion. You didn't read the footnotes? Here's some of the links:
http://fta.mofcom.gov.cn/english/fta_qianshu.shtml

https://www.export.gov/article?id=China-Trade-Agreements

http://ptadb.wto.org/ptaDocuments.aspx



It's subject to rebuttal, of course. You're saying that the author is biased or has made false representations, but you've offered no evidence or proof to the contrary.

 

[Cuddles]

Thank you for providing the proof that NOT one industrialized country on the list contained in your list has signed neither a free trade agreement with China (and especially has none of those proposed agreements kicked in) nor China has lowered tariffs for imports into China from that country SINCE the beginning of the US-China trade war. That was my claim and your link confirms that. Look at the first link and go down the list of industrialized countries. Not a single one has signed a deal where China lowers import tariffs since the start of the trade war.

The claim in the OP was that "China has lowered tariffs for industrialized countries other than the US since the beginning of the trade war between US and China" (I paraphrase). That was and remains inaccurate and factually wrong. You just seem too proud to admit.

I rest my case.

You don't need a signed bilateral agreement for one party to take unilateral action. Thought that was clear from the very title of this thread?

 

[NeedToLearn]

Oh by your definition tourism isn't retail? Myeongdong isn't a tourist area? LOL. Clearly you have never been and are talking out of your ass. Which shopping centers in Jamsil do you prefer? LOL. Nice $500 trading account.

I don't need to keep it classy when your IQ is less than the number of digits on your hand.

Clearly Myeongdong is a shopping district dominated by tourists. Your definition of retail seems to only center around shopping malls and shopping districts catering to tourists with highly inflated prices. How do you choose only the locations with duty free centers located within with tourist buses all over the parking area to claim how widely accepted RMB is?

Why is there even $500 trading accounts being mentioned? That's talking out of your ass and you definitely have insecurity and/or personality issues trying to be the big guy on ET. This is obviously a waste of time and energy talking to some idiot with a 5 year old mental state focused on attacking everyone who don't agree with him. Ignored bye.