US China trade war

Reports on political activity with strategic consequences.
krzepice1976
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Mon Jul 23, 2018 8:22 pm

China has rallied the support of the biggest developing economies, including India, to push back against protectionism as US President Donald Trump threatens to impose tariffs on almost all Chinese imports
China, Brazil, Russia, India and South Africa have agreed fight against trade protectionism together
after a meeting during the Group of 20 summit of finance ministers and central bankers in Buenos
Aires, the Chinese finance ministry said in a statement posted on its website


http://timesofindia.indiatimes.com/arti ... paign=cpps

krzepice1976
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Thu Jul 26, 2018 7:47 pm

A senior Chinese government official predicted on Thursday that aggressive trade actions imposed by US President Donald Trump would result in bankruptcy for many Chinese companies if immediate measures were not taken to check the fallout.

It’s hard to predict how this trade war will develop and to what extent,” Du Wanhua, deputy director of an advisory advisory committee to the Supreme People’s Court, said. “But one thing is sure: if the US imposes tariffs on Chinese imports following an order of $60 billion, $200
billion, or even $500 billion, many Chinese companies will go bankrupt.”


http://timesofindia.indiatimes.com/arti ... aign=cppst

krzepice1976
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Fri Aug 24, 2018 8:39 pm

Two days of trade consultations between China and the US, which ended on Thursday, showed that both countries do not want an all-out trade war and that disputes might be resolved through further talks by mid-2019, Chinese experts said on Friday.

At the invitation of the US side, a Chinese delegation conducted "constructive and candid" exchanges on economic and trade issues of mutual concern with their US counterparts in Washington on Wednesday and Thursday, China's Ministry of Commerce said on Friday.

The two sides will keep in contact on the next arrangement, the ministry said on its website.
http://www.globaltimes.cn/content/1116971.shtml

krzepice1976
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Tue Sep 18, 2018 7:41 pm

China will impose tariffs on US$60 billion (S$82.3 billion) worth of US goods as retaliation for the new 10 per cent tariff that the United States announced on Monday (Sept 17) on US$200 billion worth of Chinese goods.

The Chinese tariffs will take effect next week at the same time as the US tariffs, China’s Finance Ministry said late on Tuesday (Sept 18) on its website.
https://www.straitstimes.com/asia/east- ... f-us-goods

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DEFCONWarningSystem
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Tue Sep 18, 2018 8:08 pm

Who has more to lose from a trade war? China or the US? Who can survive longer?

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KimPossible
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Tue Sep 18, 2018 8:43 pm

@DWS
China due to them already being on a knife edge trying to keep that big bloated country from going belly up and U.S hands down can last the longest. U.S economic system is very strong and right now still reaching breaking numbers in growth almost everyday.

Can both keep it up for long term economic warfare, no, not if they want to suffer great economical unrest weather stocks, right down to your local ma and pa stores.

China would hurt the most as they are already have been dealing with a ever slowering economy and almost stunted growth.
MAGA = Morons Are Governing America

TheChrome
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Wed Sep 19, 2018 5:09 am

KimPossible wrote:
Sat Jun 16, 2018 3:14 pm
See I like my beef, and my canned beer. I suck at economics, but can someone tell me how much higher the prices could go in steel, alu, and meat products could go up in the US. As it is the US gets like 50 percent of its beef from China, and most our steel and alu from the EU/China/Canada. Raising taxes on those items certain will raise the price yes? If so how much just a logical guess, anyone...
The key to understanding this is to realize that Trump does not want a trade war. These moves are to shock others to negotiate. Example:

You want to buy a used car, but you don't like the price. What do you do? You point out the dent in the fender, and the scratches in the paint. You point out every flaw that you can find about the car to the seller. That lowers the seller's expectation of what price they can sell the car to you for. In the end, because you devalued the car in the seller's eyes, they are willing to sell at a lower price.

krzepice1976
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Sat Sep 22, 2018 9:14 pm

US President Donald Trump has threatened to impose even more tariffs on Chinese goods if Beijing dares to impose tit-for-tat measures in response to Washington's latest package of levies on US$200 billion of Chinese exports.

Saying that the US has "more bullets", Trump cautioned the world's second-largest economy to think twice before engaging in a trade war with the largest.

"We're going to go US$200 billion at 25 per cent on Chinese-made goods. And we will come back with more if they retaliate. We have a lot more to come back with," Trump told a packed rally in Missouri for Republican Senate candidate Josh Hawley on Friday (Sept 21).

https://www.straitstimes.com/world/unit ... ly-cancels

Obreid
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Sun Sep 23, 2018 2:02 am

DEFCONWarningSystem wrote:
Tue Sep 18, 2018 8:08 pm
Who has more to lose from a trade war? China or the US? Who can survive longer?
Fiscally we still at this time have more strength and cards to play than China.
We have the reserve currency, the Swift payment system, and till now at least a more predictable economic and somewhat more transparent financials than China.

Who can survive longer is the big question. China can manage control discontent better than the US can.

The last shortages the US had to deal with was the embargo in seventies. “Two generations” removed from today. The press and at least half the country would throw massive inflation and shortages totally at Trump’s feet, there is no escaping this. So we wouldn’t last long which would make China very happy.

China literally would have food shortages though. Half of their soybeans come from US.
If we’re going to have to have a trade war with China to balance the system mows the time with strong dollar and control of the Swift exchange. Also China’s debt load is still significantly larger than ours.

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KimPossible
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Sun Sep 23, 2018 2:12 am

Okay so a better question is who will lose the least then. Because no one will win from this. But someone will lose less. :/
MAGA = Morons Are Governing America

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