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US RELEASE the KRAKEN : Trump going all out war against China. additional $200B products tariffs

USA discussing to raise tariffs to 25%(from previous 10%) for next $200B tranche
One surprise is Left in USA is not completely opposing Trump(except for few in Trump's own party). is it a planned take down of China? Does USA want negotiations to fail ? I could be wrong.

Politics
China Slams U.S. ‘Blackmailing’ as Trump Weighs Higher Tariffs
Bloomberg News
July 31, 2018, 3:53 PM PDT Updated on August 1, 2018, 11:11 AM PDT


China warned the U.S. against "blackmailing and pressuring" it over trade as the Trump administration mulls trying to force officials back to the negotiating table through threats of even higher tariffs.



President Donald Trump’s officials are considering more than doubling planned tariffs on $200 billion in Chinese imports, people familiar with the deliberations said. The U.S. had threatened an additional $200 billion with levies of 10 percent, a level the administration may raise to 25 percent in a Federal Register notice in coming days, one of the people said.



Asked about the report that Trump would increase the planned tariff, White House Press Secretary Sarah Huckabee Sanders said the administration would address the issue with an “update” at 3:30 p.m. Washington time.



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Steven Mnuchin

Photographer: Andrew Harrer/Bloomberg
At the same time, representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengage in negotiations, according to people who spoke about the deliberations on condition of anonymity.



Holding an open door to talks while threatening worse consequences represents yet another increase in tension in the months-long standoff between the world’s two largest economies over commerce. While the conflict nominally centers around the U.S.’s $375 billion annual goods trade deficit with China, it has morphed into a chapter in the nations’ broader strategic rivalry.

China’s Ministry of Foreign Affairs said it will fight back should the U.S. further increase tariffs. “If the U.S. takes measures to further escalate the situation, we will surely take countermeasures to uphold our legitimate rights and interests," spokesman Geng Shuang said at a regular press conference on Wednesday.

He said China has always believed that the disputes should be resolved through talks and communications, but the dialogue should be based on "equality and respect as well as established rules and credibility."

In a sign the trade standoff is reverberating through Chinese politics, the Politburo
signaled on Tuesday that policy makers will focus more on supporting economic growth amid risks from a campaign to reduce debt and the dispute with Trump. The communique, which followed a meeting of the country’s most senior leaders led by President Xi Jinping, said the campaign to reduce leverage will continue at a measured pace while improving economic policies to make them more forward-looking, flexible and effective in the second half.

Read more: China’s Debt Warriors are Re-Aiming, Not Giving Up

The public comment period on the U.S. tariffs aimed at $200 billion ends Aug. 30 after public hearings Aug. 20-23, according to the U.S. Trade Representative’s office. Announcing a higher tariff is required ahead of the hearings and will send a signal that the Trump administration is upping the pressure on China to make serious concessions.

Chinese equities and the yuan extended losses Wednesday afternoon, gaining downward momentum as concern over possible higher U.S. tariffs overwhelmed optimism about Beijing’s pledge to support economic growth. The yuan fell against a trade-weighted basket of currencies to a level that’s near the lowest on record, suggesting policy makers are allowing further weakness.

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Robert Lighthizer

Photographer: Joshua Roberts/Bloomberg
Trump directed trade representative Robert Lighthizer to raise the tariff rate to 25 percent, the people said, adding that the change isn’t final yet and may not go forward after a public review.

Officials have cautioned that a specific timetable, the issues to be discussed and the format for talks aren’t finalized, but added there was agreement among the principals that more discussions need to take place. Chinese officials haven’t yet commented on the prospects for resuming talks.

While American and Chinese officials have hinted at the possibility of restarting talks in recent weeks, it’s been almost two months since they last held high-level negotiations.

No Deal
“China and the U.S. have had several rounds of consultations and reached important consensus, but regrettably the U.S. did not fulfill its obligations,” Foreign Minister Wang Yi said on Monday. “Nor did it make concerted efforts with China.”

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Wang Yi

Photographer: Qilai Shen/Bloomberg
The next wave of U.S. tariffs is set to kick in as soon as Wednesday, with the possible imposition of duties on another $16 billion of Chinese imports. The implementation could be delayed for weeks as the administration works out the details of which products it will target. Officials in Beijing have vowed to respond with the same amount of tariffs on U.S. products.

One person familiar with the internal deliberations said the U.S. is trying to secure certain concessions and if China agrees, it is possible the U.S. would back off additional tariffs.

Complicating Mnuchin’s efforts is a harder line taken by Lighthizer, who has jurisdiction over the U.S.’s 301 investigation that sparked the tariffs. That case concluded China was stealing American technology and tariffs were needed to offset the damage.

A U.S. Treasury spokesman didn’t respond to a request for comment. The Ministry of Commerce in Beijing didn’t immediately respond to request for comment.

The two sides held three rounds of formal talks, beginning with a delegation to Beijing led by Mnuchin in May. After Liu visited Washington later that month, the nations released a joint statement pledging to reduce the U.S. trade deficit with China, among other things. But within days, Trump himself backed away from the deal, saying talks would “probably have to use a different structure.”


https://www.bloomberg.com/news/arti...higher-tariff-on-200-billion-of-china-imports
 
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Chinese companies are welcome to come to pk change name slightly and avoid terrifs
 
This may appear as Trump madness, however I doubt he is alone in this school of thought. He is not working in a vacuum.
 
Lamo man, I am loving this. :lol:
This is effecting US as well ... Their consuner will face inflation and their own cost of production will increase ... China will start selling these goods from other states , like dubai or pakistan
 
This is effecting US as well ... Their consuner will face inflation and their own cost of production will increase ... China will start selling these goods from other states , like dubai or pakistan
This is effecting US as well ... Their consuner will face inflation and their own cost of production will increase ... China will start selling these goods from other states , like dubai or pakistan

Actually no market in the world can replace American one,3rd largest by population and pargest by Par capita.

America will control the price inflation in few months and fill the void by importing goods from other developing countries first than making their own Goods by couple of years but it will be Dead end for export oriented Economies like China and Germany who almost leeched US f9r many decades now.

I am still in my 1st year of Masters so i have enough time, i can seat back amd observe this trade war and take many valuable lessons from it.

@waz you are a british mod right ? Can you telp me how british Economyis doing After Exit poll ?
 
Actually no market in the world can replace American one,3rd largest by population and pargest by Par capita.

America will control the price inflation in few months and fill the void by importing goods from other developing countries first than making their own Goods by couple of years but it will be Dead end for export oriented Economies like China and Germany who almost leeched US f9r many decades now.

I am still in my 1st year of Masters so i have enough time, i can seat back amd observe this trade war and take many valuable lessons from it.

@waz you are a british mod right ? Can you telp me how british Economyis doing After Exit poll ?
First of all US is not feasible for manufacturing other than high tech items as labor cost is 10 times higher than other country ... Secondly no other country is capable to beat china as in terms of cost as they have massive benefit of economies of scale ... That is the core reason that even 10% duty is not effective ...

Furthermore china is already moving labor intensive process to other countries such as vitenam, bangladesh and pakistan so ultimately trade will remain under control of china
 
First of all US is not feasible for manufacturing other than high tech items as labor cost is 10 times higher than other country ...

true, but this is a Trade war. first of its kind, Trump will Put so many different kind of Tariffs on Import of Chinese Goods that exporting Cheap Chinese Goods will cost even more compared to High quality Local Produced Goods from US.

we have same system in India and still have today. my Friend used to import some part of Furniture from China that costs him near 5$(price) + packaging (2$) + Shipping charges ( nearly 60 to 80%) + Import Duties of (24%) and other Tax of GST (28%) now due to rise of GST and shipping charges he started ordering from local Industries and stopped Importing Spares from China. i am talking about wealthy Patels who owns litereally millions of Factories and small businesses all over Gujarat.

Secondly no other country is capable to beat china as in terms of cost as they have massive benefit of economies of scale ... That is the core reason that even 10% duty is not effective ...

25% is in proposal and hes planning to rise it near 50% to 110% in future.

Furthermore china is already moving labor intensive process to other countries such as vitenam, bangladesh and pakistan so ultimately trade will remain under control of china

what makes you think that America is not going to Tariff your *** lol ? Asian countries like Japan, India, Saudia, Indonesia,Malaysia, Pak-Bangla ect are next in his List.

new American policy is simple,

1) Reduce Immigration from Brown, Asian and black countries(3rd world Shitholes) and promote immigration from White Western Countries like Norway.

2) keep Whites in Majority of US.

3) Protect Western Interest all over world and keep Whitemen as sole Ruler of World like it was for over 500 years.

countries like Austria and New Zealand already feeling Heat from non white immigrants so they are fast tracking immigration from 5.5 Million White Minority of SA and other African,Latin American countries.
 
First of all India is already a low wage country so cost of production differential is not that much from US ...

Second if increasing custom duty can be simply transformed into local production then every country would have done it ... Custom duty will result in inflation and hence US consumer will suffer and will demand further wage inflation and hence local production will become more costly ...

Last but not the least custom duties works both ways ,,, So what do you think, will China and other coutnries will not impose custom duty on US products ? this will result in decline of US export as well ... So all in all the consumer of country having more expensive product will suffer the most and that is US ...

You are still at college therefore never witnessed these custom duties and its impact in real world ...


true, but this is a Trade war. first of its kind, Trump will Put so many different kind of Tariffs on Import of Chinese Goods that exporting Cheap Chinese Goods will cost even more compared to High quality Local Produced Goods from US.

we have same system in India and still have today. my Friend used to import some part of Furniture from China that costs him near 5$(price) + packaging (2$) + Shipping charges ( nearly 60 to 80%) + Import Duties of (24%) and other Tax of GST (28%) now due to rise of GST and shipping charges he started ordering from local Industries and stopped Importing Spares from China. i am talking about wealthy Patels who owns litereally millions of Factories and small businesses all over Gujarat.



25% is in proposal and hes planning to rise it near 50% to 110% in future.



what makes you think that America is not going to Tariff your *** lol ? Asian countries like Japan, India, Saudia, Indonesia,Malaysia, Pak-Bangla ect are next in his List.

new American policy is simple,

1) Reduce Immigration from Brown, Asian and black countries(3rd world Shitholes) and promote immigration from White Western Countries like Norway.

2) keep Whites in Majority of US.

3) Protect Western Interest all over world and keep Whitemen as sole Ruler of World like it was for over 500 years.

countries like Austria and New Zealand already feeling Heat from non white immigrants so they are fast tracking immigration from 5.5 Million White Minority of SA and other African,Latin American countries.
 
true, but this is a Trade war. first of its kind, Trump will Put so many different kind of Tariffs on Import of Chinese Goods that exporting Cheap Chinese Goods will cost even more compared to High quality Local Produced Goods from US.

we have same system in India and still have today. my Friend used to import some part of Furniture from China that costs him near 5$(price) + packaging (2$) + Shipping charges ( nearly 60 to 80%) + Import Duties of (24%) and other Tax of GST (28%) now due to rise of GST and shipping charges he started ordering from local Industries and stopped Importing Spares from China. i am talking about wealthy Patels who owns litereally millions of Factories and small businesses all over Gujarat.



25% is in proposal and hes planning to rise it near 50% to 110% in future.



what makes you think that America is not going to Tariff your *** lol ? Asian countries like Japan, India, Saudia, Indonesia,Malaysia, Pak-Bangla ect are next in his List.

new American policy is simple,

1) Reduce Immigration from Brown, Asian and black countries(3rd world Shitholes) and promote immigration from White Western Countries like Norway.

2) keep Whites in Majority of US.

3) Protect Western Interest all over world and keep Whitemen as sole Ruler of World like it was for over 500 years.

countries like Austria and New Zealand already feeling Heat from non white immigrants so they are fast tracking immigration from 5.5 Million White Minority of SA and other African,Latin American countries.

There are no such immigration policies in USA. Fake news.
you user name "Great Brahmin" is similar to a white guy putting a badge of honor "offspring of great white slave owner". FUGLY.

Looking at Rise in Apple, starting to doubt the Trade war, maybe USA-China is really going to negotiate, IMHO.
 
I think the trade war between USA and China will never went to end for another 100 years.

It will get worse decades to come, today is just the beginning.

Who is going to win?

It will depend on the quality of the people of each country, to create better product and innovation. That is the real war.
 
KRAKEN. Now we are supposed to act scared? LOL.

***

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At the same time, the US is doing little to wean itself off Chinese goods:
  • China accounted for 19.9% of all imports to the US in the first six months of the year, compared with an even 20% in 2017.
  • Additionally, import growth from China actually accelerated in 2018.
  • Chinese imports grew by 8.6% in the first six months of the year compared with 2017.
  • Last year, Chinese imports grew by 8.4% in the first six months compared with 2016.
The Chinese data shows similar stats, with export growth to the US staying steady.

https://www.businessinsider.com.au/...tm_source=quora&utm_medium=referral&r=US&IR=T
 
Are u being entertained. Yuan lost a lot in past 6 months. Shanghai index lost nearly 30%.

China SHOULD submit. Chinese PDFers have you sold everything in China. If Trump does not let go of his gas, u guys will regret. US stock market also may have short term impact
 
Are u being entertained. Yuan lost a lot in past 6 months. Shanghai index lost nearly 30%.

China SHOULD submit. Chinese PDFers have you sold everything in China. If Trump does not let go of his gas, u guys will regret. US stock market also may have short term impact

China still has quite a lot of weapons in its financial arsenal. It could simply reject accepting any more dollar bonds and double the tariffs on US agricultural products. The soyabean sector has seen this already with Russian farmers gaining the most.

The worst that US could do it deploy troops in Taiwan and put blanket sanctions on China. In retaliation, China would start dumping the dollar en masse and 70% of the planet would be sitting on worthless paper.
 

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