China feeling the brunt of trade war

[F-22Raptor]

China and the U.S. are engaged in a tit-for-tat trade war, but if economic health is the biggest bargaining chip – then it seems as if the U.S. is poised to win.

While the U.S. economy is firing on all cylinders with a blockbuster earnings season wrapping up, low unemployment and solid GDP growth, China’s economy appears to be stuttering.

Data released Tuesday showed that spending on fixed assets such as factory machinery and public works projects fell to its lowest level since 1999. As reported by Reuters, fixed-asset investment expanded by 5.5 percent in the January-July period and Beijing cracked down on local government borrowing to finance projects.

Industrial output was also a miss, due to pollution curbs and an uncertain trade outlook.

This comes after the country’s stock market has taken a hit, with the Shanghai Composite falling into a bear market in June.
The major U.S. stock market indexes are hovering near record highs.

In June, during a FOX Business interview with Ashley Webster on "Countdown to the Closing Bell, American Enterprise Institute resident scholar Derek Scissors warned the U.S. will beat China the more serious the conflict becomes.
“China depends much more on the American market than we depend on the Chinese market,” he said.

Another round of tariffs will go into effect on Aug. 23, when both countries will apply 25 percent tariff on $16 billion worth of imported goods. https://www.foxbusiness.com/economy/china-feeling-the-brunt-of-trade-war

 

[Offshore]

Next

 

[IsaacNewton]

Fox news is fake news.

Both Ford and GM are at a 52 weeks low because China will put up an auto tariff. Don't think American business and investors are happy.

 

[Adam WANG SHANGHAI MEGA]

We China care much more Huawei chipset Kirin 980 and CHina BOE OLED soft screen as well as Huawei 5G polar code technology,people around me really do not give a shit on The so called trade war,Huawei is already Number 2 without US market,I wonder which rank Apple can get without China market!?

Fox news is fake news.

Both Ford and GM are at a 52 weeks low because China will put up an auto tariff. Don't think American business and investors are happy.

Trump:US will win and won.China lost!
Chinaut forward the DF 51 (20000Km) missle project！

 

[bobsm]

Trump's trade war is already leading to layoffs and pain for American businesses
Bob Bryan Aug. 9, 2018, 11:42 AM

President Donald Trump is waging a trade war on many fronts, with tariffs on steel, aluminum, Chinese goods, and more.

While Trump argues that the tariffs will make the US economy stronger, so far the duties are leading to layoffs.

Small businesses across the US are grappling with the increased cost of goods, and some of them are resorting to layoffs to save money.

President Donald Trump's tariffs on imports of steel, aluminum, and some Chinese products have started pushing up prices for many US companies that rely on those items to create final products, forcing many firms to make tough decisions about where to cut costs.

Many large companies have for now decided to pass on those costs to consumers or absorb the losses into their profit margins. But some smaller US businesses have been forced to cut labor costs to offset the higher amounts they're paying for parts.

From Wisconsin to South Carolina, small businesses are starting to lay off employees, and they're citing Trump's tariffs. Many firms have warned that the worst is yet to come.

Some examples:

Mid-Continental Nail, the largest US nail producer, laid off 130 workers after steel prices jumped. One of its plant managers said the entire business could shut down over the next few months.

Element Electronics, a TV manufacturer, plans to lay off 127 workers from its South Carolina factory as "a result of the new tariffs that were recently and unexpectedly imposed on many goods imported from China."

Brinly-Hardy, an Indiana-based maker of lawn-care equipment, laid off 75 workers. "We are collateral damage in this effort," Jane Hardy, the company's CEO, told The Washington Post.

The Tampa Bay Times said in April that it was forced to lay off 50 people because of a tariff on Canadian newsprint. Other newspapers in small communities, such as House Speaker Paul Ryan's hometown paper in Janesville, Wisconsin, have also been forced to lay off staff.

Some businesses, such as Moog Music, which manufactures electronic musical instruments, have not taken action but have warned that the tariffs could eventually lead to layoffs. Other small businesses have furloughed workers or paused expansion plans while they wait and see how the trade fights play out. Small operators in industries from lobster fishing to metal shapers have curtailed workers' hours.


While the tariffs are causing acute pain for some companies, more widespread labor-market issues have not yet appeared. Trump's tariffs apply only to a concentrated number of industrial goods, and the total number of US imports hit with tariffs remains low.

The July jobs report showed a steady increase in employment and a strong labor market, but economists have warned that business concerns about tariffs could start to weigh on hiring growth if the trade battles continue to escalate.

According to a study by the Trade Partnership, a free-trade industry group, Trump's steel and aluminum tariffs will result in a net loss of more than 400,000 US jobs. Other estimates of the job losses are somewhat smaller.

Even more effects on jobs could come if Trump follows through on his threat to impose tariffs on imported cars and auto parts:

Volvo warned the administration that it could scrap 4,000 planned jobs in South Carolina if the tariff goes into place.
Other foreign manufacturers with plants in South Carolina, such as BMW, say they could also be forced to make layoffs.
A study by the Peterson Institute for International Economics found that a 25% auto tariff would lead to the loss of 195,000 US jobs over a three-year period.


https://www.businessinsider.com/trump-tariffs-trade-war-layoffs-business-losses-2018-8

 

[TheTruth]

China and the U.S. are engaged in a tit-for-tat trade war, but if economic health is the biggest bargaining chip – then it seems as if the U.S. is poised to win.

While the U.S. economy is firing on all cylinders with a blockbuster earnings season wrapping up, low unemployment and solid GDP growth, China’s economy appears to be stuttering.

Data released Tuesday showed that spending on fixed assets such as factory machinery and public works projects fell to its lowest level since 1999. As reported by Reuters, fixed-asset investment expanded by 5.5 percent in the January-July period and Beijing cracked down on local government borrowing to finance projects.

Industrial output was also a miss, due to pollution curbs and an uncertain trade outlook.

This comes after the country’s stock market has taken a hit, with the Shanghai Composite falling into a bear market in June.
The major U.S. stock market indexes are hovering near record highs.

In June, during a FOX Business interview with Ashley Webster on "Countdown to the Closing Bell, American Enterprise Institute resident scholar Derek Scissors warned the U.S. will beat China the more serious the conflict becomes.
“China depends much more on the American market than we depend on the Chinese market,” he said.

Another round of tariffs will go into effect on Aug. 23, when both countries will apply 25 percent tariff on $16 billion worth of imported goods. https://www.foxbusiness.com/economy/china-feeling-the-brunt-of-trade-war

How long have you been posting "Chinese collapse" stories on this forum?

You're one sad, miserable ****. I LOVE how triggered China gets you. For you, I'm going to donate another $1000 to my favorite Chinese charities. I will buy a Chinese phone and invest in Chinese companies.

Maybe if China hasn't collapsed by 2020, you'll rope yourself.

NEXT!

 

[Jlaw]

According to a study by the Trade Partnership, a free-trade industry group, Trump's steel and aluminum tariffs will result in a net loss of more than 400,000 US jobs. Other estimates of the job losses are somewhat smaller.

A study by the Peterson Institute for International Economics found that a 25% auto tariff would lead to the loss of 195,000 US jobs over a three-year period.

 

[Globenim]

"feeling"
"appears to be stuttering"
"miss"
"taken a hit"
"China depends more on America he said"
That's a lot of rambling by this regime mouthpiece, for so little (read: none) substance it reports.

Opinion discarded. Next.

 

[Beast]

Making fake news and being delusion is American speciality. There shows their upbringing and culture.