TPP failure would cost the US trade dominance

[Beast]

I


I laughed out so hard when i read this post.

You practically pit what u thought was india's strength(services sector) against her own weakness(India's manufacturing imcompetency)which you hoped that the US would embrace, further amplified out of either convenience or conincidence that China happened to be the world' manufacturing powerhouse.

In simple terms, you are making your self-serving nationalist statement that for the next 4 years, India will prosper while China will suffer.

Thus and once again, Indian posters could be read just like an open storybook.

Indian in fact are in full panic mode after trump victory. Trump will not be nice to Indians since they are weak in everything. China? China is strong and we are not afraid of the Donald Duck. I dare him to fight a trade war with China. We are no empty vessel. China is a reason to be second largest economy and power.

 

[randomradio]

I


I laughed out so hard when i read this post.

You practically pit what u thought was india's strength(services sector) against her own weakness(India's manufacturing imcompetency)which you hoped that the US would embrace, further amplified out of either convenience or conincidence that China happened to be the world' manufacturing powerhouse.

In simple terms, you are making your self-serving nationalist statement that for the next 4 years, India will prosper while China will suffer.

Thus and once again, Indian posters could be read just like an open storybook.

You suffer from problems understanding.

Do you know the only thing Trump constantly wavered on was the H-1B visas? He constantly made back and forth statements and finally said that he won't be doing anything to it. He explained that the US needs highly skilled Indian workers because the US don't have enough, so he won't be doing much to the visa.

As for manufacturing, US patronage is irrelevant. India's manufacturing is primarily for domestic consumption. We consume what we make. Some countries setup factories for exports also, but that's very tiny. Manufacturing is only 17% of the economy, peanuts compared to China. So no US patronage is required.

As for your country on the other hand, the Chinese govt is "warning" Trump through the state media not to change the trade system.
http://www.reuters.com/article/us-usa-election-china-media-idUSKBN1350P6

 

[Vishvamitra]

You suffer from problems understanding.

Do you know the only thing Trump constantly wavered on was the H-1B visas? He constantly made back and forth statements and finally said that he won't be doing anything to it. He explained that the US needs highly skilled Indian workers because the US don't have enough, so he won't be doing much to the visa.

As for manufacturing, US patronage is irrelevant. India's manufacturing is primarily for domestic consumption. We consume what we make. Some countries setup factories for exports also, but that's very tiny. Manufacturing is only 17% of the economy, peanuts compared to China. So no US patronage is required.

As for your country on the other hand, the Chinese govt is "warning" Trump through the state media not to change the trade system.
http://www.reuters.com/article/us-usa-election-china-media-idUSKBN1350P6

Don't argue with inferiors, we tried to civilize them via our books and religions but we failed

 

[ohmrlobalobayeh]

You suffer from problems understanding.

Do you know the only thing Trump constantly wavered on was the H-1B visas? He constantly made back and forth statements and finally said that he won't be doing anything to it. He explained that the US needs highly skilled Indian workers because the US don't have enough, so he won't be doing much to the visa.

As for manufacturing, US patronage is irrelevant. India's manufacturing is primarily for domestic consumption. We consume what we make. Some countries setup factories for exports also, but that's very tiny. Manufacturing is only 17% of the economy, peanuts compared to China. So no US patronage is required.

As for your country on the other hand, the Chinese govt is "warning" Trump through the state media not to change the trade system.
http://www.reuters.com/article/us-usa-election-china-media-idUSKBN1350P6

Ya and remember to take your meds before bedtime.

 

[TaiShang]

Don't argue with inferiors, we tried to civilize them via our books and religions but we failed

Maybe you should try to educate with your public services (such as restrooms) and governing efficiency.

It would back fire as badly as your shining democracy.

 

[LeGenD]

News is circulating that Trump's immediate move is to increase tariffs on Chinese products in the American markets. Here: http://www.latimes.com/opinion/op-e...-trade-china-tariffs-20160721-snap-story.html

Chinese goods would not be cheap in the US anymore and domestic industry will gain from this. Very smart on his part.

Anybody would be a fool to assume that Trump would do China a favor in its economic initiatives. Nope.

 

[randomradio]

He talked like 2012 Super Power dreamt by their dead president.

Call centre jobs rule!

'White collar' sweat shops are definitely better than 'hellhole' sweat shops.

News is circulating that Trump's immediate move is to increase tariffs on Chinese products in the American markets. Here: http://www.latimes.com/opinion/op-e...-trade-china-tariffs-20160721-snap-story.html

Chinese goods would not be cheap in the US anymore and domestic industry will gain from this. Very smart on his part.

Anybody would be a fool to assume that Trump would do China a favor in its economic initiatives. Nope.

We are yet to see if these tariffs will be country specific or not. He will definitely reduce tax to just 15%, or anything lower than 35%.

 

[Tiger Genie]

The key question is whether Americans are prepared to pay higher prices for indigenous manufactured goods. If they are then manufacturing will come back into the US. The other alternative is to reduce manufacturing cost in the US to match low costs from Asia; but that would mean less wages, lesser benefits etc. This is not a practical solution.

The other way is to super charge the financial war - such as currency wars, trade tariffs etc. Chinese are becoming as good at these as us; we do have a significant currency advantage but Chinese have a govt effectiveness/speed advantage due to the dictatorial set up. Assuming these cancel out each other, I'd say neither has a major up on the other.

Which means Trump and Xi should and probably treat each other as worthy co-opetitors, with respect. From what we have seen, this is not easy for Trump!

 

[KAL-EL]

"Meet the new boss, same as the old boss"

I actually pity some of the hyper nationalists here that think Trump is just going to wave his magic wand the first day he gets into office and change everything in their favor.

 

[TaiShang]

Anybody would be a fool to assume that Trump would do China a favor in its economic initiatives. Nope.

Nobody has ever done a favor to China. Neither has China asked for one. It is national interests.

Ideally, it should be the case with the US, as well.

If they have, so far, intentionally allowed China to have a yearly $400 billion trade surplus, they must be out of their mind. And quickly change it.

Also, it is interesting that the US would grant China trade surplus while banning China companies like Huawei or ZTE from their market.

Let's see Trump will increase tariffs 50% percent overnight and solve the US economic problems like nothing. Something which no other previous presidents could figure out.

 

[randomradio]

The key question is whether Americans are prepared to pay higher prices for indigenous manufactured goods. If they are then manufacturing will come back into the US. The other alternative is to reduce manufacturing cost in the US to match low costs from Asia; but that would mean less wages, lesser benefits etc. This is not a practical solution.

The other way is to super charge the financial war - such as currency wars, trade tariffs etc. Chinese are becoming as good at these as us; we do have a significant currency advantage but Chinese have a govt effectiveness/speed advantage due to the dictatorial set up. Assuming these cancel out each other, I'd say neither has a major up on the other.

Which means Trump and Xi should and probably treat each other as worthy co-opetitors, with respect. From what we have seen, this is not easy for Trump!

Any products that can be automated can easily be transferred to the US.

"Meet the new boss, same as the old boss"

I actually pity some of the hyper nationalists here that think Trump is just going to wave his magic wand the first day he gets into office and change everything in their favor.

He is going to get 'coached' over the next two months.

But he will still come under pressure to start delivering on some of his promises as early as possible. He was elected by the right wing after all.

 

[Tiger Genie]

@randomradio - good point. But it improves the cost part but we still have the jobs issue. Not only will we then have American unemployed but also Chinese unemployed. There needs to be cooperative action amongst USA, EU, China and India.

 

[H!TchHiker]

'White collar' sweat shops are definitely better than 'hellhole' sweat shops.



We are yet to see if these tariffs will be country specific or not. He will definitely reduce tax to just 15%, or anything lower than 35%.

And people really believe that Trump can initiate an economic war with China ? or impose tariff of 45% that is what he said during election campaign . Question is how the then US will bear counter measures :

1) In areas of education and tourism where Chinese students and travelers add $28 billion dollars surplus to the American industry ....?..

2) Tesla Motors, Tommy Hilfiger , Oracle, GE , MS will afford to loose 1.4 billion consumer market ?

3) Accusing China of Currency war by keeping it low. How weak that argument is, what if China starts sell its 1.2 trillion dollar investment in American bonds ? this is what you called a currency war.

4) More than 500 Billion dollar stock held by Chinese investors ...What if they start to dis-invest?
China is economic reality like it or not US can't play with them ..Election is over trump has to face reality now.

 

[randomradio]

@randomradio - good point. But it improves the cost part but we still have the jobs issue. Not only will we then have American unemployed but also Chinese unemployed. There needs to be cooperative action amongst USA, EU, China and India.

When it comes to manufacturing, India is a small player, with a protected economy. No point bringing India in.

But it is highly likely that the US will go into protectionist mode because he's promised to deliver jobs and reduce the huge deficit with China. China is no different in that context. They put too many non-tariff hurdles on their importers, so Trump will use any number of excuses to restrict imports.

Also, China doesn't export anything that other countries don't. The Chinese advantage is economies of scale. It's not like the Indian outsourcing industry, where there is no alternative. There are Toyota and Honda factories in the US as well. And if these companies are paying only 15% tax, then it will make more sense for them to move there. So a combination of lower income tax and higher import duties will obviously favour an increase in jobs and decrease in imports. He wants to lower personal income tax as well, so that will lead to an increase in consumption, and hence increased inflation.

And the Americans have the kind of foundation necessary to fuel all of this with increased immigration.

He is nowhere near Modi's experience or charisma, but he has far more 'weapons' in his disposal as the leader of a superpower.

 

[terranMarine]

And people really believe that Trump can initiate an economic war with China ? or impose tariff of 45% that is what he said during election campaign . Question is how the then US will bear counter measures :

1) In areas of education and tourism where Chinese students and travelers add $28 billion dollars surplus to the American industry ....?..

2) Tesla Motors, Tommy Hilfiger , Oracle, GE , MS will afford to loose 1.4 billion consumer market ?

3) Accusing China of Currency war by keeping it low. How weak that argument is, what if China starts sell its 1.2 trillion dollar investment in American bonds ? this is what you called a currency war.

4) More than 500 Billion dollar stock held by Chinese investors ...What if they start to dis-invest?
China is economic reality like it or not US can't play with them ..Election is over trump has to face reality now.

Which is why i said bashing China is one thing during his campaign, now election phase has passed. Time to take a good look at reality and face the harsh facts on how China contribute to US economy. If Trump really wants a trade war with China lets see who is gonna suffer the most.