Trump readying another 267 billion in Chinese tariffs

[Humpy]

Just an historical note. The US did to Europe's manufacturing etc. what China is now doing to the US.
A robust system would start by lowering costs rather than putting on tariffs. The huge amounts pretty average management have been paid in recent years could be brought down to earth by big pay cuts. There are only a few people like Steve Jobs that are worth it and can therefore be paid it.

 

[JSOP]

If you can't play chess with cute player you can always overthrow the board and hit the guy to the face. It depends on what you consider as win

LOL Well to be fair, tariffs is like making the good players pay to enter the competition while it's free for the other players to enter.

 

[JSOP]

Try going to China and buying property.
Try setting up a business.
China is famous for buying into overseas property and businesses, but reciprocation of this is a no no from their point of view.
China puts up walls, time for the west to say "Screw you too!"
Anyhow, it's all going to unwind shortly, we are seeing Vietnam and India coming into the picture and competing against China whose labour rates are now creeping up.

Plenty of foreigners buy and sell properties in China and make $ millions and jacked up the property prices in China so high to the point that if you flipped a property in China, you can buy multiple properties in California, the most expensive state in USA for properties. There are restrictions set up for the property speculations but there are easy ways to get around it. And plenty of foreigners set up businesses in China and profited. All of the fast food restaurants from USA are setting up shops all over China. They have been there for 30+ years. Have you asked how much is Walmart's profit from its operation in China? How about Interactive Brokers, the favorite broker of many of the ET members here? All of USA's sitcoms and TV shows are bought by Chinese TV networks and air there everyday. Do you see any businesses from China here in USA? Can you name any Chinese TV shows and dramas? Meanwhile in the West Trump is banning China in investing and buying up USA companies too and there are foreign buyers' tax set up in various countries now like Australia to curtail property investment by foreigners and yet China didn't ban foreigners setting up businesses in China?

India and Vietnam is irrelevant to this topic. If they become good enough, they will get hit with tariffs too. LOL It's this practice of Trump using trade barriers to punish the good players to discourage competition that's the problem. At the end it's the consumers who's going to end up getting screwed.

 

[Cuddles]

Well the politicans are "pussy footing and sucking up" to China because there is a clear demand for stuff for China. The West is supposed to be ruled by democracy, dictated by the will of the people who live there. If the people in the West didn't want Chinese stuff and has no demand for them, WHY would the politicians need to "pussy foot and suck up" to China? They would be flatly rejecting and even banning Chinese goods. They are "pussy footing and sucking up" to China because people demand it, people want the stuff and the West unfortunately can't compete with China, not anymore. The big USA is afraid of the Chinese exports because otherwise why put up the tariffs? And tariffs on everything? I can understand putting up tariffs against goods that are heavily subsidized by the Chinese government to ensure fair competition but WHY on everything else? I agree with @Humpy, tariffs is an admission of defeat in free competition. The US is admitting that they can't compete with China anymore so the only way to "protect" themselves is the last resort, just refusing to buy the products arbitrarily. This is very sad. USA is losing, not winning.

The logic is asinine. If Europe or South America slapped tariffs on American made goods aided by automation, making domestic labor non-competitive, America would cry foul without hesitation. So here comes China, with much lower labor cost, providing an advantage, and they cry foul.

Weren't they bitching about Canadians putting tariffs on our subsided dairy? Would they bitch if our subsidized corn got slapped w/tariffs? Tariffs on our bailed auto industry, our bailed out banks?

 

[themickey]

Plenty of foreigners buy and sell properties in China and make $ millions and jacked up the property prices in China so high to the point that if you flipped a property in China, you can buy multiple properties in California, the most expensive state in USA for properties. There are restrictions set up for the property speculations but there are easy ways to get around it. And plenty of foreigners set up businesses in China and profited. All of the fast food restaurants from USA are setting up shops all over China. They have been there for 30+ years. Have you asked how much is Walmart's profit from its operation in China? How about Interactive Brokers, the favorite broker of many of the ET members here? All of USA's sitcoms and TV shows are bought by Chinese TV networks and air there everyday. Do you see any businesses from China here in USA? Can you name any Chinese TV shows and dramas? Meanwhile in the West Trump is banning China in investing and buying up USA companies too and there are foreign buyers' tax set up in various countries now like Australia to curtail property investment by foreigners and yet China didn't ban foreigners setting up businesses in China?

India and Vietnam is irrelevant to this topic. If they become good enough, they will get hit with tariffs too. LOL It's this practice of Trump using trade barriers to punish the good players to discourage competition that's the problem. At the end it's the consumers who's going to end up getting screwed.

How to Buy Property in China: A Complete Guide
https://www.asiapropertyhq.com/buy-property-china/

Buying A Chinese Company? Why China Deals DON’T Get Done.
https://www.chinalawblog.com/2012/01/buying_a_chinese_company_the_numbers_are_different.html

 

[maxinger]

It simply means there will be lots of trading opportunities trading things like

Hangseng Index, NQ, copper

and to some extent

EUR GBP, gold, and perhaps soya, lean hog.


so just be opportunistic, be alert.

 

[JSOP]

The logic is asinine. If Europe or South America slapped tariffs on American made goods aided by automation, making domestic labor non-competitive, America would cry foul without hesitation. So here comes China, with much lower labor cost, providing an advantage, and they cry foul.

Weren't they bitching about Canadians putting tariffs on our subsided dairy? Would they bitch if our subsidized corn got slapped w/tariffs? Tariffs on our bailed auto industry, our bailed out banks?

Yes Canada has two huge dairy producing provinces that produce exactly the same products - milk and USA wants Canada to take on still more milk with governmental subsidization? LOL WHY is the government subsidizing milk? Milk is in abundance nowadays thanks to the conventional farming practice of making cows pregnant non-stop with artificial insemination and feeding calves blood. Farmers are pouring milk down the gutter and the government is still wasting taxpayers' money to subsidize them? Milk is like oil, you don't make money by massive producing; you only make money when you raise the price by restricting production. They should do the opposite. They should let cows produce milk naturally to restrict quantity produced to raise the price and thus earn higher revenue. Instead of trying to compete with Canada to sell more milk, the milk producers of USA should form a trade union, an oligopoly with Canada milk producers to restrict production quantity like oil so everybody makes money and the cows won't have to get pregnant and give birth non-stop and the calves get to drink their mommies' milk like how they are supposed to. This is what they should propose in NAFTA.

And for corn, Mexico's a major corn producer and produces high quality corn naturally. I guess Mexico is starving its own corn farmers to open its market to the USA Monsanto corns. That's why Trump is signing the unilateral agreement with Mexico because Mexico is getting screwed. LOL Well if that's the case, Canada is not really missing much then. Maybe it's a good thing for Canada that it sits this one out.

 

[JSOP]

How to Buy Property in China: A Complete Guide
https://www.asiapropertyhq.com/buy-property-china/

Buying A Chinese Company? Why China Deals DON’T Get Done.
https://www.chinalawblog.com/2012/01/buying_a_chinese_company_the_numbers_are_different.html

It's NOT true that foreigners cannot rent out properties in China. This guide is wrong. And there are ways to get around the "study and work" requirement for the property-purchasing.

And as for taking over Chinese companies, who cares? You can set up shops directly in China to do business. What's the big deal of taking over companies?

 

[themickey]

Blocked in China:
- Google - Facebook - YouTube - Wikipedia (Chinese) - Twitter - Netflix - Instagram - Tumblr - WhatsApp - BBC - New York Times - Bloomberg - Reuters - WSJ - TIME -
The Economist
Not blocked:
- Amazon - Ebay - Yahoo - LinkedIn - Bing - Apple - MSN

 

[piezoe]

No. Politicians have been pussy footing and sucking up to China for too long.
Thankfully the world has slowly but surely woken up to China's devious methods.
The sly land grab of Spratly Islands in the South China Sea which is claimed also by Philippines & Vietnam, then building airstrips and missile posts, was a step too far.
Thankfully Trump is not going to play this stupid game of appeasement any longer.
Trump is not all bad, at least he has balls which many Western politicians lack.

If you had to choose between Balls and Brains it seems Brains would be the better choice. The U.S. is in trouble.