U.S. says to slap tariffs on extra $200 billion of Chinese imports

[ExpatOilWorker]

12 minutes ago, zydeco said:

 

https://www.mining-technology.com/features/featurethe-false-monopoly-china-and-the-rare-earths-trade-4646712/

Thanks. Now we agree.

 

"China’s ability to use its influence to control the market is severely limited."

 

As Tim Worstall, a rare earths expert and senior fellow at free market think tank the Adam Smith Institute, put it in the Foreign Policy blog at the outset of the quota crisis in 2010: "If Beijing wants to raise its prices and start using supplies as geopolitical bargaining chips, so what? The rest of the world will simply roll up its sleeves and ramp up production, and the monopoly will be broken."

Edited July 13, 2018 by ExpatOilWorker

[ExpatOilWorker]

4 minutes ago, bristolboy said:

Is "silly" the strongest adjective you can come up with? How about "destructive"  or "self-defeating." Silly is a word used for trivialities. You think Trump's trade war against US allies is silly?

Yes, but I also think Brexit is silly. 

[bristolboy]

57 minutes ago, ExpatOilWorker said:

Yes, but I also think Brexit is silly. 

So basically trivial?

[stevenl]

3 hours ago, ExpatOilWorker said:

Luckily there is a more enlighten world outside this thread. 

So your earlier claim is just your opinion.

[metisdead]

Posts containing intentional miss spellings of Trump's name have been removed.  If you do not want to have your posts removed, spell peoples names correctly. 

[Sir Dude]

Trump is obviously a decisive figure...but China needs calling out on a few things, and no-one has the nuts to do it generally, as if they (China) can't steal it then they'll try to buy it or place tech transfer requirements and insist on the having a local partner % share nonsense on the foreign business to allow access to the Chinese market, hardly a level playing field by anyone's standards. It [trade] is massively imbalanced at the moment and the piss has been taken for a long time. Adding insult to injury, the Chinese and others, have had plenty of time to create a reciprocal business atmosphere as they are often allowed equal rights and access to western (and other) markets in a free trade way.

 

Also, in reality, the US cannot lose a trade war when it starts at such deficits as is on each side...Trump is right on that. Whether they are going about it in such a brash way is correct or not...is a different matter, but business elite will, of course, bleat regardless as they care only for money and greed.  

[ExpatOilWorker]

Read the below, you will like it. Bored to type the rest.

 

https://www.bloomberg.com/news/features/2018-07-13/did-china-hack-rio-tinto-to-gain-a-billion-dollar-advantage

[xylophone]

On ‎7‎/‎11‎/‎2018 at 4:02 PM, Srikcir said:

And now her goods are avoiding the sweeping tariffs enacted by President Trump in his trade war with China. Clothing and shoes, like those imported by Ivanka Trump’s company, were spared.

http://fortune.com/2018/07/09/donald-trumps-china-tariffs-dont-apply-to-ivanka/

Family first, America second.

Untrustworthy, greedy moron and a liar...…..Americans will suffer whilst his empire grows richer!

"Donald Trump's trade war has begun, and many US companies are scrambling to adjust to his new tariffs on Chinese-made goods.

But one person whose business will not be affected is his daughter Ivanka Trump.

 

Clothing and shoes were spared from the firing line, rendering the President's eldest daughter immune to the sweeping transition.

 

Her fashion line distributes women's clothes, shoes, handbags and jewellery that are currently or previously were produced in a number of Asian countries including China.

 

But it does appear to contradict Trump's "buy American and hire American" stance, given his daughter has manufactured 100 per cent of her fashion products in China and Hong Kong, according to the Huffington Post".

 

 

[ExpatOilWorker]

36 minutes ago, xylophone said:

Untrustworthy, greedy moron and a liar...…..Americans will suffer whilst his empire grows richer!

"Donald Trump's trade war has begun, and many US companies are scrambling to adjust to his new tariffs on Chinese-made goods.

But one person whose business will not be affected is his daughter Ivanka Trump.

 

 

 

Clothing and shoes were spared from the firing line, rendering the President's eldest daughter immune to the sweeping transition.

 

 

 

Her fashion line distributes women's clothes, shoes, handbags and jewellery that are currently or previously were produced in a number of Asian countries including China.

 

 

 

But it does appear to contradict Trump's "buy American and hire American" stance, given his daughter has manufactured 100 per cent of her fashion products in China and Hong Kong, according to the Huffington Post".

 

 

 

Handbags are included in the tariff list:

 

https://www.bloomberg.com/news/articles/2018-07-10/baseball-mitts-handbags-hit-as-trump-goes-for-consumer-goods

[bristolboy]

2 hours ago, Sir Dude said:

Trump is obviously a decisive figure...but China needs calling out on a few things, and no-one has the nuts to do it generally, as if they (China) can't steal it then they'll try to buy it or place tech transfer requirements and insist on the having a local partner % share nonsense on the foreign business to allow access to the Chinese market, hardly a level playing field by anyone's standards. It [trade] is massively imbalanced at the moment and the piss has been taken for a long time. Adding insult to injury, the Chinese and others, have had plenty of time to create a reciprocal business atmosphere as they are often allowed equal rights and access to western (and other) markets in a free trade way.

 

Also, in reality, the US cannot lose a trade war when it starts at such deficits as is on each side...Trump is right on that. Whether they are going about it in such a brash way is correct or not...is a different matter, but business elite will, of course, bleat regardless as they care only for money and greed.  

Really. Trump has at least one huge disadvantage going into this: elections. The farm belt that loved him so is grumbling. Management and workers in the upper midwest manufacturing belt are unhappy with his imposition of steel and aluminium tariffs and his threats to disrupt supply chains.

The parties being affected are targeting with their own tariffs  red and purple regions of the USA.

[Srikcir]

1 hour ago, ExpatOilWorker said:

Handbags are included in the tariff list:

 

https://www.bloomberg.com/news/articles/2018-07-10/baseball-mitts-handbags-hit-as-trump-goes-for-consumer-goods

There are handbags, then there are handbags. The word itself has little meaning given the manner in which items were specifically exempted from Trump's tariffs:

• “The list was refined by removing specific products identified by analysts as likely to cause disruptions to the US economy, and tariff lines that are subject to legal or administrative constraints.
• “The remaining products were ranked according to the likely impact on US consumers, based on available trade data involving alternative country sources for each product.
• The proposed list was then compiled by selecting products from the ranked list with lowest consumer impact.”

In other words, banning the categories Ivanka’s goods fell into would have a greater impact on American shoppers than those that Trump has threatened, which includes fish, electronics, produce and beauty goods.

https://www.news.com.au/finance/economy/world-economy/how-ivanka-trumps-fashion-line-was-exempted-from-her-fathers-war-on-chinese-goods/news-story/fe2eb5ccd567062defe1e8dab68dc5a7

 

 

[attrayant]

I hope nobody is expecting congress to do its job and check presidential insanity, because Paul Ryan doesn’t know how the constitution works.

Paul Ryan Unaware Constitution Lets Congress Override Presidential Veto

[TallGuyJohninBKK]

15 minutes ago, attrayant said:

I hope nobody is expecting congress to do its job and check presidential insanity, because Paul Ryan doesn’t know how the constitution works.

Paul Ryan Unaware Constitution Lets Congress Override Presidential Veto

 

Good post and good article. Devastatingly scary that these two nits are among the key figures running the U.S. government these days... But, indeed, it shows.

 

I think, I hope, the author was taking a bit of liberty with the article's headline. I'd HOPE that Ryan knows Congress has the authority to override a presidential action.

 

What Ryan's actual response was probably suggesting - which is almost as scary -- was that Ryan couldn't even envision a scenario where the current Republican controlled Congress would override Trump on anything!!!!

 

Not even to stand up for, as the article correctly points out, a longstanding tenet of Republican political ideology that free trade, as opposed to heavy tariffs, is a cornerstone of their economic policies. Well, at least, it WAS a cornerstone of their economic policy. But not any more...

Edited July 13, 2018 by TallGuyJohninBKK