China releases statement that tradewar is on with America!

[Bladewire]

China states 'dramatic changes' and 'fires being lit' as President takes office

?A trade war between China and the US seems inevitable,? Pang Zhongying, of Renmin University, told the South China Morning Post.

?Beijing should make some worst-case scenario planning, even though the development may not be as bad as we have expected.?

?He will soon realise that leaders of the two countries must use more mature and effective ways to communicate than trading barbs via Twitter,? an editorial said.

?Frictions between the US and its allies, and trade tensions between the US and China seem inevitable within the four years ahead,? said an editorial by the Global Times, a pro-government tabloid newspaper with a reputation for populist rhetoric.

Adding that ?dramatic changes? were on the way, the newspaper continued: ?The Trump administration will be igniting many ?fires? on its front door and around the world. Let's wait and see when it will be China's turn.?

WSJ's Daily Shot: Has the Trade War With China Already Begun? - Daily Shot - WSJ

[INever]

OMG, where will I buy cheap crap that breaks right away?

[Barry-xlovecam]

https://en.wikipedia.org/wiki/Smoot%...ley_Tariff_Act
Smoot?Hawley Tariff Act

2018 may be called the beginning of the REALLY YUGE Depression!

[Bladewire]

I'm for putting China in there place and taking back our power.

I don't think Trump's the one to do it successfully, but I'm willing to wait and see

How China Will Fight A U.S. Trade War And Lose

[Paul Markham]

China can't afford a trade war.

Can you imagine Macy's, Kaymart, Ralphs, going to war with their customers?

[beerptrol]

OMG, where will I buy cheap crap that breaks right away?

Trump Merchandise | Donald J Trump Signature Collection | Trump Collections

[blackmonsters]

OMG, where will I buy cheap crap that breaks right away?

[Barry-xlovecam]

The solution is very simple -- Just say no!
Don't buy Chinese goods.
No more Walmart -- no great loss.

Better get a second job to pay the prices tho ...

[thommy]

China can't afford a trade war.

Can you imagine Macy's, Kaymart, Ralphs, going to war with their customers?

i would not say that.

if you look in the european and asian news you might see different statements.

european politicians have already mentioned to get nearer to the asian market, because they do not expect anything good from d.t. anymore.

if europe gets forced to move nearer to asia than imagin this mass of people. USA is then just a small part of the world economy and does not have that much friends at the moment what could extent this market any bigger.

even canada had signed contracts with europe already - i think what barry wrote is not so far from reality "2018 may be called the beginning of the REALLY YUGE Depression!"

the first thing a politician have to know is, that that any kind of policic is based on compromises and diplomacy. even when you see that with business eyes we all should have learned meanwhile that a biz with just ONE happy part isn´t a good one and i will not have a long future.

greetings
thommy

[brassmonkey]

they flood america with junk! cut them off!

[Bladewire]

China can't afford a trade war.

Can you imagine Macy's, Kaymart, Ralphs, going to war with their customers?

Not to mention payback from China could be a bitch, like them getting more militarily aggressive, more cyber attack BS , etc.

[Google Expert]

Fake news.

Some random asshole "Pang Zhongying, of Renmin University, told the South China Morning Post." and this is considered "China releases statement"?

Fucking lib retard.

[Bladewire]

^^ blocked

[Jigster715]

OMG, where will I buy cheap crap that breaks right away?

QFT - Join the Chinese. They're all in Japan buying shit that works.

[Jigster715]

China can't afford a trade war.

Can you imagine Macy's, Kaymart, Ralphs, going to war with their customers?

They say this shit to make the mobs within think the central party has balls. They have minuscule balls. Like Bebe.

[Coup]

Fake news.

Some random asshole "Pang Zhongying, of Renmin University, told the South China Morning Post." and this is considered "China releases statement"?

Fucking lib retard.

Bladewire is a fake nick. HTH

[Bladewire]

they flood america with junk! cut them off!

Maybe most of the fake knockoffs on Amazon & EBay will be taken off the market in a trade war, added benefit!

[Paul Markham]

i would not say that.

if you look in the european and asian news you might see different statements.

european politicians have already mentioned to get nearer to the asian market, because they do not expect anything good from d.t. anymore.

if europe gets forced to move nearer to asia than imagin this mass of people. USA is then just a small part of the world economy and does not have that much friends at the moment what could extent this market any bigger.

even canada had signed contracts with europe already - i think what barry wrote is not so far from reality "2018 may be called the beginning of the REALLY YUGE Depression!"

the first thing a politician have to know is, that that any kind of policic is based on compromises and diplomacy. even when you see that with business eyes we all should have learned meanwhile that a biz with just ONE happy part isn´t a good one and i will not have a long future.

greetings
thommy

How can China afford a trade war? You failed to answer that.

Yes, our politicians are selling our jobs to enrich themselves and the 1%. that's why we have to get rid of them. We need to force countries like US and the EU to force Third World countries to buy as much as they sell. Or lose more wealth.

Should there be a compromise on people in the West getting poorer? Recent votes in the US and EU say no.

[Paul Markham]

Not to mention payback from China could be a bitch, like them getting more militarily aggressive, more cyber attack BS , etc.

The West made China so wealthy it's now considered powerful enough to be a threat. Fuck politicians with their compromises and diplomacy?

[crockett]

OMG, where will I buy cheap crap that breaks right away?

Manufacturing has come a long way in China these days. It's not just cheap shit that breaks anymore, there is a lot of good quality items being made there. In the beginning sure it was a lot of shit, but they have been exposed to the standards US consumers expect and have adjusted.

[Joshua G]

Manufacturing has come a long way in China these days. It's not just cheap shit that breaks anymore, there is a lot of good quality items being made there. In the beginning sure it was a lot of shit, but they have been exposed to the standards US consumers expect and have adjusted.

well spoken, commie.

[Bladewire]

The West made China so wealthy it's now considered powerful enough to be a threat. Fuck politicians with their compromises and diplomacy?

I remember as a kid "Eat all food on your plate there are children in China starving" and seeing commercials on TV to give money to help the starving in China.

Now they hack our shit, bootleg our products/services, no respect for copyright or the rights of their citizens freedom of expression. Maybe God was killing their civilization for a reason? Maybe we shouldn't have intervened?

[thommy]

How can China afford a trade war? You failed to answer that.

Yes, our politicians are selling our jobs to enrich themselves and the 1%. that's why we have to get rid of them. We need to force countries like US and the EU to force Third World countries to buy as much as they sell. Or lose more wealth.

Should there be a compromise on people in the West getting poorer? Recent votes in the US and EU say no.

well i will answer it:

the usa have a poulation of aproximately 350 million people.
the EU 750 million.

aisas puluation is 4,3 BILLION people - now count that together and tell me who have more chances wo win a trade war.

aut of that - look here is an official statement of on the website of the German diplomatic representation in China (so no fake news)

if you read between the lines and also listen a bit to the statements from euopean goverments - count 1 + 1 together you can see the quality of the conflict.

EVERY war in the past few hundert years had it´s reason in economic interests.
it is bad enough that these interesstes are ruling the politics all over the world behind the curtain. with t.d the first time one of these rulers is becomming the visible president of such a big a powerful nation.
and his much bigger problem is, that he is not only building enemies all over the world - he won the elections with a minority. so it is quite assumable that he will have a problem to define for what part of americans he want "america first" and what he will do with the other 51%? quantanamo is not that big.

greetings
thommy

[Busty2]

Great, that will fuck up Walfart.

[NewNick]

China can't afford a trade war.

Can you imagine Macy's, Kaymart, Ralphs, going to war with their customers?

Grow up Markham, China sells its goods to everybody.

The US is a big customer, but not as big as Asia, or even the EU.

[Google Expert]

^^ blocked

Triggered ^

[Google Expert]

Grow up Markham, China sells its goods to everybody.

The US is a big customer, but not as big as Asia, or even the EU.

Without the US market China will implode overnight.

[Bladewire]

Grow up Markham, China sells its goods to everybody.

The US is a big customer, but not as big as Asia, or even the EU.

How China Will Fight A U.S. Trade War And Lose | Forbes

[crockett]

Grow up Markham, China sells its goods to everybody.

The US is a big customer, but not as big as Asia, or even the EU.

Sure China has other customers, but there is no market in the world as big as the US. The truth is, if US/China have a trade war both will suffer but China will suffer long term vs the US short.

The US can change "suppliers" but China would have a much harder time replacing the US market.

[pimpmaster9000]

so is the MAGA happening or not?

[MaDalton]

Sure China has other customers, but there is no market in the world as big as the US. The truth is, if US/China have a trade war both will suffer but China will suffer long term vs the US short.

The US can change "suppliers" but China would have a much harder time replacing the US market.

You have this exactly the wrong way round.

[NatalieK]

China & Japan are the US´s biggest creditors, doubt if Trump will cut these ties, where else will they borrow the money to do all the things he wants to do, to make America great again pml!

[Pete]

I buy my andoid boxes from them!

[Barry-xlovecam]

Russian markets and Chinese labor will fill the gap.
Everything in the USA will cost twice the price and the minimum wage will be $20.00 /hour.

Montgomery Ward's (defunct US department store retailer) will rise from the dead and Walmart will die.



Everybody happy in Trumpland utopia now?

[Grapesoda]

China states 'dramatic changes' and 'fires being lit' as President takes office

?A trade war between China and the US seems inevitable,? Pang Zhongying, of Renmin University, told the South China Morning Post.

?Beijing should make some worst-case scenario planning, even though the development may not be as bad as we have expected.?

?He will soon realise that leaders of the two countries must use more mature and effective ways to communicate than trading barbs via Twitter,? an editorial said.

?Frictions between the US and its allies, and trade tensions between the US and China seem inevitable within the four years ahead,? said an editorial by the Global Times, a pro-government tabloid newspaper with a reputation for populist rhetoric.

Adding that ?dramatic changes? were on the way, the newspaper continued: ?The Trump administration will be igniting many ?fires? on its front door and around the world. Let's wait and see when it will be China's turn.?

WSJ's Daily Shot: Has the Trade War With China Already Begun? - Daily Shot - WSJ

nah, this is the follow up bullshit for the drone bullshit....

[crockett]

You have this exactly the wrong way round.

No I don't.. It's not that hard to find a new manufacturer for your products but it's much harder to find a new companies to make shit for.. China is just the middle man.. It's US companies having shit built in China and then selling it elsewhere. China's piece of that pie is already very small..

Meaning if the US stops having shit manufactured in China, the Chinese factories can't just keep making the same stuff and selling it to someone. That factory now has no products to make and they have to find a new company to build stuff for. It's not their products but rather companies out side of China own it. China is just the labor pool, nothing more..

It's not Chinese companies building shit and selling it in the US.. It doesn't matter if the shit is made in Mexico, Vietnam or China.. They are just the cheap labor..

[thommy]

China & Japan are the US´s biggest creditors, doubt if Trump will cut these ties, where else will they borrow the money to do all the things he wants to do, to make America great again pml!

that is definately correct and one of the facts what are never discussed in this kind of populism.

to understand the REAL situation you have to understand that USA have the highest dept all over the planet. and not only the country is in dept, the citizens are also. an average family of 4 people have a dept of 160.000 dollars and i can´t find an answer to the follwoing questions:

1. how can this familiy survive if goods are becomming more expensive because they are produced in USA ? By more jobs ???? That would result in....

2. How can production inside USA result in a better income or more jobs if there are no outside buyers for this products and the inside buyers can´t afford to buy them?

3. When US-citicens do not get any other products then american with WHAT do they buy it? With more dept?

4. Increasing prices automaticly have a decrease of consumption as a result. To WHO are american factories sell the produced goods if the own citizens can´t or won´t buy them?
that will lead to...

5. less production, lower prices and a dramaticly value lost of the dollar. Even products what CAN NOT be made in USA will be more expensive because of a low dollar value.
and this low dollar value can´t even help america to EXPORT because they are in war with potencial buyers....

to understand worldwide economy means to understand that a global market is the one and only chance for a country to get over bad times because there is always someone out there who have good times and can buy and invest.

a successful business (and a country) can be driven 2 ways:

a. robbing others til they do not have anything left - that´s than the end of the game
or
b. accepting that business (and human existence) is a mix of giving and taking. there can´t be ANYONE first.

greetings

thommy

[thommy]

It's not Chinese companies building shit and selling it in the US.. It doesn't matter if the shit is made in Mexico, Vietnam or China.. They are just the cheap labor..

you do not think very far over the horizon. it is not only ceap labour what forces companies to produce abroad. it is also a question of natural ressources and where they are.
what do you think is the effect to produce on cheap labour costs in south america if the raw material for that have to be IMPORTED from asia ?

we are living in a global world and to cut that off would bring us back into times where your own parents had to work 5-6 month to buy a new TV.
i do also not know how you want to afford to buy an iphone (desigend in california build in china) what is already not cheap.

sure - you will not see that in the next few month, because since trump was in the race the exports between USA and china where increasing THAT MUCH that there are reserves now for 1 year. but after that time you will see the difference and unfortunaltely also this people will, who saw the disaster before and did not vote for him.

but all in all, the worst for me in the US is the voting system.
I think that this is the worst system in the wold because it parts a population of 350 million people only in 2 fractions. but the biggest part of freedom is the right to be an individual with own ideas and not only get stamped as A or B.

greetings
thommy

[Paul Markham]

Manufacturing has come a long way in China these days. It's not just cheap shit that breaks anymore, there is a lot of good quality items being made there. In the beginning sure it was a lot of shit, but they have been exposed to the standards US consumers expect and have adjusted.

True. One only has to look at what they're manufacturing now to see where they're headed. Space Program, Airbus, Boeing, Mercedes parts, etc.

[Paul Markham]

I remember as a kid "Eat all food on your plate there are children in China starving" and seeing commercials on TV to give money to help the starving in China.

Now they hack our shit, bootleg our products/services, no respect for copyright or the rights of their citizens freedom of expression. Maybe God was killing their civilization for a reason? Maybe we shouldn't have intervened?

We should start intervening now. Better late than never.

[Paul Markham]

well i will answer it:

the usa have a poulation of aproximately 350 million people.
the EU 750 million.

aisas puluation is 4,3 BILLION people - now count that together and tell me who have more chances wo win a trade war.

I'm not sure if you post this stuff to fool us. Or if you believe it. It's not people that count, it'sthe money they have to spend.

The average disposable income of urban Chinese households rose to around $3,000 per capita in 2010, according to an analysis of official government statistics by China Market Research Group. That means a typical family of three earns around $9,000 a year.

According to CNN's online global wage calculator, which uses data from the International Labor Organization, the average annual salary of a worker in China's private sector was 28,752 yuan (about $4,755) in 2012, or 38% of the global average.

Most of factory workers have to work longer than 8 hours daily, seven days a week and may not have OT pay, which makes this question even more complicated. Anyway, I will give you something that I estimated. It may vary from USD$0.5 to $3. Foxconn now have an average wage of slightly less than USD$2 per hour.

https://www.google.cz/webhp?hl=en&gw...ng+class+wages

Now go look at other Asian countries.

If a real war started, China would quickly run out of fuel as it has no oil resources to fuel its military.

[Paul Markham]

Grow up Markham, China sells its goods to everybody.

The US is a big customer, but not as big as Asia, or even the EU.

If the EU joined in. China would come begging for mercy. Or there would be another People's Rising.

The problem is getting the bosses of all the companies that rely on Chinese Imports to agree. List of Fortune 500 companies and their websites | Zyxware Technologies

How many of them are knee-deep in building up the Third World?

[Paul Markham]

Sure China has other customers, but there is no market in the world as big as the US. The truth is, if US/China have a trade war both will suffer but China will suffer long term vs the US short.

The US can change "suppliers" but China would have a much harder time replacing the US market.

European Union US$567.2 billion the EU trade as 1 block. Working together cripples China.
United States: US$410.8 billion
Hong Kong: $334.3 billion
Japan: $135.9 billion
South Korea: $101.5 billion
Vietnam: $66.4 billion

[Paul Markham]

China & Japan are the US´s biggest creditors, doubt if Trump will cut these ties, where else will they borrow the money to do all the things he wants to do, to make America great again pml!

The biggest reason for debt as high as they are now is the loss of exports of manufactured goods.

Not only did it remove jobs, it removed the taxes earned by those companies and put people into relying on the State rather than contributing to the State. So long as the present trend continues, debt will rise.

Spain, Portugal, Greece, etc. Problems are they little in the way of a private sector contributing to the taxes to service their debts. Look at how much they borrowed against other countries. Small amounts until they're put up against real GDP. Real GDP is dropping in the West. We are now too reliant on the casinos that go from boom to bust too easily.

[NewNick]

If the EU joined in. China would come begging for mercy. Or there would be another People's Rising.

The problem is getting the bosses of all the companies that rely on Chinese Imports to agree. List of Fortune 500 companies and their websites | Zyxware Technologies

How many of them are knee-deep in building up the Third World?

If the EU joined in ?

Why would the EU want to help Trump. The guy that openly mocks the EU, thinks Farage is a great guy, and states that Brexit was a smart move. Get a grip.

The living standards of the western world depend on cheap consumer goods manufactured in China. It is utter fantasy to suggest that there are simple populist solutions to the transfer of low skilled jobs to low cost territories.

Silly old hypocrites like you and Trump believe this shite, but the reality is a lot more complex.

[Paul Markham]

Russian markets and Chinese labor will fill the gap.
Everything in the USA will cost twice the price and the minimum wage will be $20.00 /hour.

Montgomery Ward's (defunct US department store retailer) will rise from the dead and Walmart will die.



Everybody happy in Trumpland utopia now?

Look what Russia imports now to see why you don't have a clue.

[Paul Markham]

that is definately correct and one of the facts what are never discussed in this kind of populism.

to understand the REAL situation you have to understand that USA have the highest dept all over the planet. and not only the country is in dept, the citizens are also. an average family of 4 people have a dept of 160.000 dollars and i can´t find an answer to the follwoing questions:

Because the US imports too much and exports too little. Throwing people out of work is very expensive.

1. how can this familiy survive if goods are becomming more expensive because they are produced in USA ? By more jobs ???? That would result in....

higher wages, taxes and less government spending

2. How can production inside USA result in a better income or more jobs if there are no outside buyers for this products and the inside buyers can´t afford to buy them?

Via automation.

3. When US-citicens do not get any other products then american with WHAT do they buy it? With more dept?

If that was true, the US would never have got so powerful.

4. Increasing prices automaticly have a decrease of consumption as a result. To WHO are american factories sell the produced goods if the own citizens can´t or won´t buy them?
that will lead to...

It's all about $$$ spent. Not number of items bought.

5. less production, lower prices and a dramaticly value lost of the dollar. Even products what CAN NOT be made in USA will be more expensive because of a low dollar value.
and this low dollar value can´t even help america to EXPORT because they are in war with potencial buyers....

No higher production as companies come back to the West.

to understand worldwide economy means to understand that a global market is the one and only chance for a country to get over bad times because there is always someone out there who have good times and can buy and invest.

Then why are all the fastest growing economies outside thwe West?

a successful business (and a country) can be driven 2 ways:

a. robbing others til they do not have anything left - that´s than the end of the game
or
b. accepting that business (and human existence) is a mix of giving and taking. there can´t be ANYONE first.

China and the Third World is now robbing the West of jobs, replacing them with jobs on a wage too low to buy as much as they sell. So you're right on (a) and wrong on (b) because there is no give and take.

With respect, research the flow of wealth from the First World to the Third. Look at the incomes of most in the Third World. Then look at the growing poverty, low wages, unemployment and reliance on the State in the first.

Look at the trends and then project them forward by 20 years. The essential element for the future is whether the automated factories of the future are where they are, what country they contribute wealth to.

Then will China take over as the centre for financial industries? The West loses that and it's game over.

[Barry-xlovecam]

These Companies Are at Risk in a U.S.-China Trade War |www.bloomberg.com

You might want to read this before you parrot the I hate China mantra.
I know you probably won't. So here is a quote ...

Overall, U.S. equities have more to lose than their Chinese counterparts in a trade war, at least in the view of Morgan Stanley?s Garner. While almost 10 percent of companies in the MSCI U.S. index derive at least a tenth of their sales from China, less than 2 percent of firms in China can say the same about the U.S., according to Morgan Stanley.

In a ?grand bargain? in which the two sides hug instead of butt heads, Garner sees the biggest beneficiaries being Chinese energy, entertainment, technology and tourism companies, along with U.S. telecommunications and semiconductor businesses.

A positive scenario is hard to envisage for those focused on Trump?s warnings on the campaign trail.

[Paul Markham]

you do not think very far over the horizon. it is not only ceap labour what forces companies to produce abroad. it is also a question of natural ressources and where they are.
what do you think is the effect to produce on cheap labour costs in south america if the raw material for that have to be IMPORTED from asia ?

we are living in a global world and to cut that off would bring us back into times where your own parents had to work 5-6 month to buy a new TV.
i do also not know how you want to afford to buy an iphone (desigend in california build in china) what is already not cheap.

sure - you will not see that in the next few month, because since trump was in the race the exports between USA and china where increasing THAT MUCH that there are reserves now for 1 year. but after that time you will see the difference and unfortunaltely also this people will, who saw the disaster before and did not vote for him.

but all in all, the worst for me in the US is the voting system.
I think that this is the worst system in the wold because it parts a population of 350 million people only in 2 fractions. but the biggest part of freedom is the right to be an individual with own ideas and not only get stamped as A or B.

greetings
thommy

What natural resources does China have?

However, if you think iPhones aren't cheap. You just hinted at how successful you are in the world.

Reserve mean nothing. It's the jobs for Chinese workers and profits for the bosses that matter. Once they're under threat China is at the table trying to give more and take less.

Agree with you about the voting system. It's in the grip of the people who are benefiting from the present situation and wanted Clinton to keep it going.

[Paul Markham]

If the EU joined in ?

Why would the EU want to help Trump.

Too bring back jobs to the EU that pay a decent wage.

The living standards of the western world depend on cheap consumer goods manufactured in China. It is utter fantasy to suggest that there are simple populist solutions to the transfer of low skilled jobs to low cost territories.

Agree. People have had their incomes ravaged by present policies so can only afford cheap imported stuff. Bringing back low skilled jobs!!! Have you seen what China's producing these days? Better to bring them back than keep losing them

Again someone who relies on cheap imports to get by.

How long before your job gets exported?

Or just lost because your customers are on benefits?

I suggest you join Thommy and research the situation over the last 40 years. Then project it forward.