China's tariffs are well-selected, aimed to hurt the US most, not emotional and personal, unlike those of US regimes.
The US is a major importer, not exporter. So, tariffs war is a wrong war to fight the world's largest exporter.
That's probably why, so far, the tariffs led to:
1. Increase in China's exports to and decrease in imports from the US.
2. Historical highs in trade surplus with the US.
3. A general decrease of US share in China's total exports and imports (US share in China's exports is below 13% now).
4. General increase in China's international trade.
5. Historical highs in China's global trade surplus.
Therefore, US tariffs must be encouraged as China further diversifies its trade destinations and undermines the US relevance in global trade.
US must not stop at this stage.
Propaganda does not work outside the Great China wall.
The state does not think for us.
The stock market in both countries is a good indicator of what is happening/going to happen.
Exports from China boosted due to fear of incoming tariff by importers in USA.
I really wish there was no such US-China trade war. Both sides should talk and China should reduce tariffs and IP rules/local partnerships etc. If both sides resolve, it is Win-Win for everyone, the whole world, else everyone suffers.
Another domino falls : US pulls out of Global Universal Postal Union
https://www.cnbc.com/2018/10/17/tru...stal-treaty-in-latest-move-against-china.html
Trump moves to pull out of global postal treaty in his latest move against China
- The White House said the United Nations treaty enables foreign postal services, especially China, to take advantage of cheap shipments to the U.S.
- One official said the system allowed for a 40 percent to 70 percent discount on small packages coming in from China to the United States.
- The move is the latest by President Donald Trump's administration to distance itself from international multi-lateral organizations and accompanying policies that it feels are hurtful to the United States.
The United States will begin withdrawing from the Universal Postal Union, a United Nations treaty that lowered rates for foreign postal deliveries in the United States, senior White House officials said on Wednesday.
The White House said the treaty enables foreign postal services to take advantage of cheap shipments to the United States, especially China, creating an unfair cost advantage over U.S. companies that ship goods, and hurting the income of the U.S. Postal Service.
"People are getting hurt in this country by an unfair system," one official told reporters on a conference call.
The move is the latest by President
Donald Trump's administration to distance itself from international multi-lateral organizations and accompanying policies that it feels are hurtful to the United States.
Luke Sharrett | Bloomberg | Getty Images
Packages are seen on a conveyor belt with other small parcels at the United States Postal Service (USPS) sorting center in Louisville, Kentucky.
The White House will seek to renegotiate the terms of the treaty even as it begins the process to withdraw, the officials said.
One official said the system allowed for a 40 percent to 70 percent discount on small packages coming in from China to the United States compared to what it would cost to send them domestically, costing $300 million.
UPU did not immediately respond to a request for comment.
The National Association of Manufacturers called the treaty "outdated" and said it "contributes significantly to the flood of counterfeit goods and dangerous drugs that enter the country from China.
