Trump: escalate trade war to cover all Chinese imports

[Trango Towers]

USA cannot win a trade war with China. USA is playing a idiot game.

Not just China.....the whole world...
EU India Bangladesh to name a few

 

[BRAVO_]

Well, good luck with that. Got nothing to say, other than live in the present when needed. History cannot always back you, and mind you in the 17th Century, there wasn't a United States of America. See how things changed in just 200+ years. I don't really see any shift in power balance towards China.

Actually, the one who gets burned will be the one who has more surplus. I read your compatriots making comments like stop all the trade. You realize it'll be $1 trillion loss in some 2-3 years just counting the surplus.
Trump is a simple-minded guy. He only see's things from a transactional perspective. The one who will submit will be none other than China. The fact that, your own economic woes cannot sustain a trade war with the US. Trump knows it, Xi knows it. Even your media houses know it, as they used to make articles day in day out about how a trade war will be bad for the US.

frankly it is bad for both .... if you take a look at american exports of goods and services .. china is at third rank in both goods and services .. other than goods, exports of services is a key sector of american economy and a main contributor in surplus ... and out of total exports of american services of 236 billion $ china contribute 52 billion $ which mean more than 20% of total american services exports. so both countries are tied up in a co dependency.... one interesting things more than one million american jobs are one way or another connected with the exports to china, and in china's case this numbers are far much higher .......... so both countries are trying to get more space by maneuvering right and left

 

[Beast]

main issue is.... china is blocking US firms from competing in number of strategic industries the inequality of market access has driving the wast trade deficit between both ... hence america wants china to open its markets to balance the trade .. while china is reluctant due to economic and political challenges therefore it is resisting, last year china exported 462 billion $ of goods and services to america and america exported 115 billion $, no country exports as much as china export to america so most likely china will blink first

This is a misleading statement. When you do business in another country. Do you follow the local laws or you think you are some colonial power where you can dictate your own rules on another country? China never force American not to do business in China but to comply with local rules. This is definitely the same in any country. Why pick on China?

You mean US never block any Chinese investment or business based on loose term of national security threat? You are highly mislead ed and fully biased towards American.

 

[TaiShang]

Keep in mind. The US is fighting with everybody. And if you look at their social media, the country is bitterly and badly divided into two hateful camps. So, the US is a country that may more easily fall into chaos at the sight of a protracted economic crisis -- and with all the well-armed citizen militias, the result may be a huge Detroit in all of the US.

The US social media (and the streets) appear no different from the pre-Arab Spring social media - plus even more and capable agent provocateurs and Trump seems to be the master of it.

China will not blink or step back. Because, what is hurt that most matters to China is the US credibility, which cannot be easily bought back.

China will encourage the US to go even more radical while establishing stronger ties with the rest of the world.

The US is a in a total economic war. China is in a single-front war.

***

Russia plans to introduce additional taxes on US goods: report

Source: Xinhua Published: 2018/7/6

Russia plans to tax 87.6 million US dollars worth of US annual imports concerning oil and gas industry equipment, construction equipment and optic fiber for the coming year, in response to the US steel and aluminum import tariffs, the Sputnik news agency reported Friday, citing the Russian Economic Development Ministry.

http://www.globaltimes.cn/content/1109750.shtml

 

[somsak]

No. US is only fighting with China, and Russia, and Iran.
Those vassal states are going to be in line with US, Thailand included.
By cutting all ties, US now give China the opportunity to create world order of her own in competition with that of US, the position USSR was given. Soon the Chinese immigration will be slowed, and finally stopped, aja Chinese exclusion act of this century.
Now, this is the opportunity and crisis on the same coin. If China can create an SCO world order into prosperious scientific, economic world division, then the world will be Cold war 2.0: capitalism vs capitalism.

 

[nang2]

No. US is only fighting with China, and Russia, and Iran.
Those vassal states are going to be in line with US, Thailand included.
By cutting all ties, US now give China the opportunity to create world order of her own in competition with that of US, the position USSR was given. Soon the Chinese immigration will be slowed, and finally stopped, aja Chinese exclusion act of this century.
Now, this is the opportunity and crisis on the same coin. If China can create an SCO world order into prosperious scientific, economic world division, then the world will be Cold war 2.0: capitalism vs capitalism.

wow, a new prophet.

 

[somsak]

wow, a new prophet.

Thank you, bro. I always like conspiracy theory. Now I create 1 my own.

 

[atan651]

Start taxing American products that are made in China to make up the differences. Stop all Chinese tourists and students going to the US. Raise the prices of essential products to the US substantially or even stop selling some products like rare-earth metals to the US. This is not about Chinese trade, economy, or GDP anymore. It's all about Chinese national pride! Fight on, China!

 

[TaiShang]

Jul 06, 2018 09:14 PM

Opinion: U.S. Tariffs Against China to Have Little Short-Term Impact

By Sheng Songcheng


* Trade war will be difficult for U.S. to sustain as many tariff targets are produced by joint ventures in China

* U.S. actions have made China wake up to the reality of its current position within the world economy

(Beijing) — New U.S. tariffs on $34 billion worth of Chinese imports took effect Friday as part of the ongoing trade conflict between the two countries, and the U.S. could levy tariffs on an additional $16 billion worth of Chinese goods in the near future. But while the numbers appear staggering, U.S. action will in fact have little short-term effect on China’s economy.

According to estimates by the Chinese Academy of Social Sciences, U.S. tariffs so far are expected to reduce the growth rate of China’s exports by only 0.75 percentage points, and their negative impact on China’s gross domestic product growth is expected by analysts to be between 0.05 and 0.25 percentage points. The impact on prices in China will also be minimal.

This is because China’s economic growth is less dependent on international trade than it is on domestic demand. In the first quarter of this year, actual final consumption within China contributed 5.3 percentage points to the country’s gross domestic product growth — or 77.8% of growth — compared with exports, which actually dragged down growth by 0.6 percentage points.

At any rate, the trade war will be difficult for the U.S. to sustain. A trade war does not serve the interests of any country, including both China and the U.S. As the Chinese Ministry of Commerce spokesperson said on Thursday, over $20 billion worth of China-made products being targeted by the U.S. tariffs are actually produced by foreign companies’ joint ventures in China, and the U.S.’ actions will hurt some U.S.-funded enterprises. Simply put, by opening fire at the rest of the world, the U.S. is also shooting itself in the foot.

In fact, while China’s trade surplus with the U.S. is relatively large, it has allowed American consumers access to cheap and relatively high-quality goods. In essence, both Chinese and Americans have benefited from the two countries operating based on their comparative advantages. The U.S. has maintained a services trade surplus with China for a long time, which has not only increased the income of the United States, but has also promoted employment. If the scope of increased tariffs is further expanded, it will also adversely affect the United States. Imports currently account for more than 70% of consumer goods in the U.S., and a large portion of Chinese goods that could soon face increased tariffs are daily necessities consumed by U.S. households. This means that escalating trade friction could push up prices in the U.S.

The Chinese economy has significant resilience. As China has strengthened its financial supervision and clamped down on risk, its financial sector has strengthened its support of the real economy, reinforcing in turn the domestic growth drivers of the overall economy. The Chinese economy has become a market with complete industrial systems and huge consumption potential. In the first half of the year, there was a net 131.3 billion yuan ($19.78 billion) inflow of overseas funds into the Chinese stock market; overseas institutional investors bought 308.9 billion yuan in Chinese government bonds; and the yuan’s rate against the U.S. dollar has stabilized.

Amid international trade tension, China should aim to maintain its strategic strength and focus on domestic economic activity. Some people believe that the real intention of the U.S. is to curb China’s technological progress, and that the two countries are playing a long-term game. Some also believe that the U.S. is attempting to contain the European Union by placing pressure on China.

Whatever the case, the actions of the U.S. have made China wake up to the reality of its current position within the world economy, as well as heightened its awareness of its weaknesses and direction of growth. China must recognize the areas where it is lagging behind, persist in reform and opening-up, promote structural adjustment, and increase its innovation capabilities. It is important for China to react rationally to trade tension with the U.S., maintain a stable and neutral monetary policy, prevent and resolve risks, and establish a long-term mechanism for regulating its property market in order to create more systemic benefits for China’s economic development.

Sheng Songcheng is the former head of statistics at the People’s Bank of China.

https://www.caixinglobal.com/2018-0...-have-little-short-term-impact-101295416.html

 

[atan651]

Keep in mind. The US is fighting with everybody. And if you look at their social media, the country is bitterly and badly divided into two hateful camps. So, the US is a country that may more easily fall into chaos at the sight of a protracted economic crisis -- and with all the well-armed citizen militias, the result may be a huge Detroit in all of the US.

The US social media (and the streets) appear no different from the pre-Arab Spring social media - plus even more and capable agent provocateurs and Trump seems to be the master of it.

China will not blink or step back. Because, what is hurt that most matters to China is the US credibility, which cannot be easily bought back.

China will encourage the US to go even more radical while establishing stronger ties with the rest of the world.

The US is a in a total economic war. China is in a single-front war.

***

Russia plans to introduce additional taxes on US goods: report

Source: Xinhua Published: 2018/7/6

Russia plans to tax 87.6 million US dollars worth of US annual imports concerning oil and gas industry equipment, construction equipment and optic fiber for the coming year, in response to the US steel and aluminum import tariffs, the Sputnik news agency reported Friday, citing the Russian Economic Development Ministry.

http://www.globaltimes.cn/content/1109750.shtml

Unfortunately, China will have to fight this war alone. The West (US,EU, etc.) will gang up on China and that's always in their plot to undermine and prevent China's rise as an economic and technology super power and to destroy Chinese Socialism !

 

[HannibalBarca]

Unfortunately, China will have to fight this war alone. The West (US,EU, etc.) will gang up on China and that's always in their plot to undermine and prevent China's rise as an economic and technology super power and to destroy Chinese Socialism !

Which war? What we got on PDF are dozens of Articles about How "China is winning...China is losing nothing in this war... China is strong... US will Fall...Everyone will become a 3rd World Country except All Mighty China "...

So? No need to be worried then... if Everything is good and Beauty...
OR... Reality and Fantasy...are not the same...in the End...

 

[nang2]

Unfortunately, China will have to fight this war alone. The West (US,EU, etc.) will gang up on China and that's always in their plot to undermine and prevent China's rise as an economic and technology super power and to destroy Chinese Socialism !

if they really gang up on China, they wouldn't have bought so much from China in the first place, would they?

 

[HannibalBarca]

if they really gang up on China, they wouldn't have bought so much from China in the first place, would they?

They did so to gain more Money... Not because they love China...
Therefore the Moment, they can't get the money they wished...They will gladly find another Ship to sail on... as long as they get their fair amount of $$...

 

[nang2]

They did so to gain more Money... Not because they love China...

correct. now they have to convince themselves to forego the money.

 

[HannibalBarca]

correct. now they have to convince themselves to forego the money.

Well... If things get hotter... They will mostly find their money elsewhere... Afterall China is no more the "only" factory of the world.
Yes it will take time, to redirect.... But in The Long term...China could lose. Afterall...You can't play alone in the market...