Sarn

China: We would fight a trade war 'to the end'
China isn't doing much to cool concerns about a trade war with the United States.
"China would fight to the end to defend its own legitimate interests with all necessary measures," China's embassy in Washington said in a statement late Thursday. "China is not afraid of and will not recoil from a trade war."

President Trump announced earlier that his administration would impose tariffs on $50 billion of Chinese exports to the United States to retaliate against Chinese theft of intellectual property, including software and patents. The administration will also restrict Chinese investment in the United States.
China: We would fight a trade war 'to the end' - Mar. 22, 2018


Dow plunges 724 points as trade war fears rock Wall Street
Trade war fears rocked Wall Street on Thursday after President Trump launched a crackdown on China.
The Dow plummeted 724 points, or 2.9%, underlining mounting concerns among investors about looming tariffs on China. It was the fifth-largest point decline in history and the market's worst day since the extreme turmoil of early February.
Dow plunges 724 points as trade war fears rock Wall Street - Mar. 22, 2018

SpicyM

Fuck them and their cheap shit

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Smack dat

Another decisive move from the Trump. The guy is a fucking legend.
The only people that can complain are those that like cheap fake shit.

beerptrol

And the farmers when china taxes their goods like soybeans

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kane

And the people who work in manufacturing when the companies they work for replace them with robots to help offset the cost of the now higher priced parts they are importing.

WMDOLLCASH

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pimpmaster9000

its a strange way to MAGA...you impose tariffs on your own people...so the fuckup is 3fold:

1) shit becomes more expensive for the general population
2) domestic producers who get some parts from china now eat a fatter dick when exporting
3) counter tariffs from china

it is the intellectual equivalent of eating more bacon while you are already fat and being like "now I can compete with those skinny fucks"

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SpicyM

I wish EU would do the same. Those cheap Chinese shlocks kill local manufacturers and brands. Kudos to Trump

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pimpmaster9000

literally everybody around you loves cheap china shit and banning it will not force them to go on a spending frezny for overpriced western shit...

the market dictates who goes under and who doesnt...

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directfiesta

Trump thrives on chaos and conflicts

SpicyM

Nobody is banning anything you dumbass.

Fuck their cheap shlocks.

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Rochard

Great. Now we have a trade war. #winning

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SpicyM

They are producing cheap and useless trash that completely destroys local producers making quality goods. No company in USA or EU can compete a huge communist shithole with tiny wages producing this cheap shit absolutely directed by their government. It is unfair to local companies.

I completely agree with Trump here.

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beerptrol

China could call in some loans or bonds and make wall street dance

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thommy

and corn and cotton and coal and copper materials and aluminium materials and cars china is one of the biggest customer from BOEING. their shares went down today nearly 8% - and not only because they will lose china - the will lose a lot more because without the cheap imports from china their planes will cost a lot more.

AIRBUS is ready to take that biz over ;-)

and not to forget that china is one of the biggest creditors to USA.
i wonder what they will say when they get asked for more money to finance a trade war against them.

from all stupid moves donald dumb made this is the most stupid. but on the other hand it is the fastest to eliminate him.
if you are lucky in 5 or 10 years US economy will be back to what it was under Obama.

i think this was the final nail in his coffin.

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SpicyM

Oh no, what a disaster.. The world is going to end since shlocks made by commies get more expensive... Jesus..

It is a patriotic move. Let them commies cry ha ha ha

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thommy

right - i forgot this one.

33% of the GLOBAL weapons are exported from the US.

unfortunately they also need a lot of parts and cheap steel from china to stand the competition.

russians will be glad to jump in.

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thommy

shut your dumb brown mouth - your stupid nazi expertise will not help your fucking troll in the white house.

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SpicyM

See? Grandpa Thommy is a local expert on everything.. except English


Still remember his senile babbling about copyright and authors

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RedFred

thommy

why are you babbling shit the whole day?
don´t you have an asshole where you can squeeze out the shit ?
or is trumps dick to deep in there?

people like you are the reason why prisons have been build.
this is the place you should be til the last day of your life.

DUMB NAZI ASSHOLE !!!

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SpicyM

Oh sure, I have one.. it's called Thommy's mouth

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SpicyM

Coming from a German it sounds like a bad joke..

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thommy

as all can see we exported that pest directly to the states.

let´s see if americans will repeat the d-day there or if someone else will take care that people like you disappear from this planet.

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Bladewire

I welcome a trade war with China they've been fucking us for too long I've said this for the last two years it is one thing I agree with Trump on.

I do think Trump will fuck it up unfortunately, I hope he won't though. But I'm sure he will unfortunately.

Trump has no discipline and whining support in the Senate and has lost roughly 20 points of support with his base, enough to give him a loss in Republican gerrymandered Pennsylvania it's been read for a hundred years.

SpicyM

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BaldBastard

New Zealand a small country of 4 million took out a free trade agreement with China, sure a few businesses got burned but over all it has been a major win for New Zealand as the Kiwis.. don't buy Chinese stuff unless they have to, and because NZ focuses on "Pure and Natural" The Chinese can't get enough of our products.

In a world first for any developed country, New Zealand entered into a free trade agreement with China in 2008

https://www.mfat.govt.nz/en/trade/fr...rade-agreement

So not only has it worked, the original deal has been expanded on.

--

pimpmaster9000

its amazing how people do not understand this but:

spoons do not make you fat and china is not fucking with you...you are doing it to yourselves...if it was as simple as "raise tariffs = instant MAGA" others would have done it a loooong time ago...it is NOT that simple...

trump just made US goods less competitive on international markets because most of them relied on cheap china parts...trump just made goods in the USA more expensive...

your situation has not improved

china is not fucking with you, spoons do not make you fat, you are doing this to yourselves...its called paul markhaming...

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NewNick

Yeah go Trump !

Because he is winning right ?

The Chinese wont just retaliate and place tariffs on other items.

Trump waves his dick around and the Chinese just cower in the corner.

Right ?

You know every banker, every economist, everybody with a brain, in fact a blind man on a galloping horse can see what will happen.

An eye for an eye leaves everyone blind.

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NewNick

In what way is China fucking with you ?

Other than in trade mark and patent infringement, which is not what Trump is complaining about, all the Chinese are doing is making goods cheaper than the west. Then consumers in the west are more than happy to lap up their daily dose of cheap goods.

You will not win a trade war with China.

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crockett

Ahh honestly, fuck China.. I don't agree with Trump and I'm sure he will fuck shit up, but China started a trade war aginst the US years ago.

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Bladewire

^^^ This

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crockett

China is stealing tech and China is no longer cheap like they used to be. This will hurt China in the long run as business will move to Vietnam or other up and coming economies. China will end up like Mexico when everyone left Mexico to move to China.

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thommy

to understand those facts you need to know the economic circle.

the patent infridgement is indeed a big problem with china but it will not be resolved by
tariffs. and even this tariffs would not stop china to export their stuff to USA. they do this game since centuries over third countries and the ones who help to do that are the buyers in the US. just because they NEED this cheap labour and products to compete in the international export market.

there is nearly not one US good exported what is not made with chinese imports.
just have a look at the stock market and watch stocks from BOEING, CATERPILLAR, GENERAL ELECTRICS etc... all this companies are existing from their exports.
nobody will buy a product what is more expensive because the steel is made in USA - because steel is steel.

in the next step all products made in USA will become more expensive also IN the USA - more expensive means that the inflation will rise. if inflation rises the interest rises. if interest increase the dollar will increase - if the dollar increase the US products will become even MORE expensive in the world.

china is acting clever and they stepped into the asian market after trump fucked it.
sure they will lose a big buyer but they where also buying a lot of US bonds.
if they stop to buy this bonds and buy it from poorer countries in asia and southamerica they will fire up their economies and they will have new buyers for their goods.

all US will lose is a bond investor, a HUGE buyer and a cheap deliverer - and what that means is not so complicated to guess.

all what trump is doing here is to try to fullfill a nonsense promise.

he promised to go against the trade deficit with canada - and found out that there is a trade plus after trudeau told him.

he wanted to go against the EU - the status quo is: the EU can still export but not more as 2017

now he have china on monitor because he thinks the west will help him.
but this will not happen because nobody in this world will share the bed with trump.

it is a shame that a country who is one of the inventors of global trading have to learn it´s own rules on such a hard way. but hopefully this lesson will last long.

i am still pretty sure that NOTHING will happen with china because the ones who pay him and give him orders will tell him to stop that and these are not the republicans or the ordinary US citizens.

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BaldBastard

China.. already do more trade with Europe than USA. Scale of economies shows for the near future, next 100 years, it's what you can trade with China that will matter not what China can trade with you, especially for the USA, because China population wise is 4 times bigger than you.


U.S. Ag Exports to China: Soybeans and Corn • Farm Policy News

“International trade deficits have recently been reputed as ‘bad’ for the economy; however, agriculture has posted a trade surplus since 1959. For U.S. agriculture, trade represents 20% of farmers’ income on average, and more for specific commodities—70% for cotton and tree nuts; 50% for wheat, rice, and soybeans: and almost 20% for meat and dairy products. Thus, tossing trade would be comparable to U.S. farmers destroying 20% of their yields. China, which has advanced to become the United States’ largest agricultural export market in an unprecedented time frame, plays a key role in the economic wellbeing of U.S. agriculture.”

----

China won't do zip unless Trump does actually implement sanctions, just understand it's the farmers they can fuck the easiest and the hardest.

Fighting China is a no win battle, you can speed the process up or slow the processes down, or do absolutely nothing.. but at the end of the day its still going to happen. You will assimilate.

Bladewire

From your lips to God's ears

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crockett

Here is the problem for China.. All that shit they export is not Chinese products. It's products being made in China for companies in other counties. China is just the middle man providing labor..

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pimpmaster9000

miracle diet pills...I am selling miracle diet pills! no workout just abs and bacon

why would you be a dumb fuck and go to a gym and on a diet when you can just use my miracle diet pills?

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Sarn

China and Russia are coming for Boeing and Airbus
The new project has backing at the highest levels of both countries. Chinese President Xi Jinping and Russian President Vladimir Putin originally penned the agreement to join forces and take on the western jetliner industry in June 2016.
China and Russia are coming for Boeing and Airbus - May. 23, 2017

two trade war, and cold war 2 with Russia

US-Europe trade war likely averted, for now
US-Europe trade war likely averted, for now - ABC News

The world waits on Donald Trump - EU pushes back trade announcement in trade war fears
https://www.express.co.uk/news/world...-Juncker-China

Today's globalization fails, localization production in China gives the highest unemployment around the world and slave workplaces in China. Next step as I think will be robotization production and work/trade with intellectual property, bitcoin or such attempts make money as an analog of the basic income.

One year on: Is Finland’s free money experiment working?
Is universal basic income working? We went to Finland to find out
https://www.cnbc.com/2018/01/01/one-...xperiment.html

SpicyM

Same reason as why huge companies like Google and FB should be fined for abusing their monopoly power .. you can say the same thing like .. "why should they be fined if they are simply the best and most popular?? They are big for a reason blah blah blah... "

They should be fined, because with their actions they are fucking killing small new companies that can't fucking compete with them. That is a FAIR trade and equal opportunities.

Free and fair trade means healthy competition.

China with their unlimited work force and state run commie economy is not FAIR competition. They are out of control.

You are all idiots if you support fuckin commies and their cheap shit that gets broken after a day of use.

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thommy

well steel is not a product from another countrie - actually steel is a chinese invention.
following your logic nobody else than the chinese should be allowed to produce it because they have been the inventors.

but the biggest thinking error is to speak about THE US and THE CHINESE. these trades are not between countries - they are between companies.
by setting a higher tariff on imported products these companies are unable to compete in the world market.

you forget here that the USA is an export nation - the second biggest in the world.
exporting goods is always based on the price of a good because every exported good will become anyway more expensive because of transport costs.

if you want to sell apples you will try to plant as many of them on the smallest piece of land. but you can not blame the apple tree fro not buying apples from you.

it has a reason why the stocks are falling that dramatically as they did in the past weeks.
investors know that the consequences will hit the US economy hard.
and not ONLY the US economy will suffer. many other countries will suffer too what makes it hard to get out of this circle again.

don´t wait that chinese will go on the street when they suffer - they are used to suffer - but are americans used to it?

and why china? did you ever had a look on the trade deficit US have with vietnam ?
but nooooo - nobody will touch this topic again in USA.

research a bit about the trade deficit and with what countries it is the highest.
you will find out that the only countries with a low or no deficit are the ones what are buying weapons from US - and THERE is the problem of your economy because it is based on an export industry what kills people.

the next problem is oil and pharma.
they are "exporting" to a price what is 99% lower as this products are sold in the USA.
they sell it again to own companies offshore and THEY sell them on the regular market price.

HOW can a country can have a balanced trade when the profits are made from own daughter companies offshore.

but THIS FACTS nobody will tell you because this is the establishment and trump is a part of them - he will not blame the real guilties because he is a beneficiary of this fraud.

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Sarn

Wrong tommy, USA export only what they can't consume themselves. It is goods with high added value.
Weapons as an example - invisible planes from cardboard.



inside country they sell it too

The F-35 Is a $1.4 Trillion Dollar National Disaster
The F-35 Is a $1.4 Trillion Dollar National Disaster | The National Interest Blog

And when fuck up will come, need to find justification for this spending.

pimpmaster9000

I can get you pieces of this plane if you are interested

it has aluminium honey comb structure inside and is "invisible" on all 1960-s soviet radars

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OneHungLo

You're right, and the American haters got their panties in a bunch for good reason.

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Paul Markham

Robots will be replacing humans with or without these tariffs.

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Paul Markham

Did you know Airbus and Boeing have factories in China?

That is until China develops its own airlines and steal the business completely.

https://en.wikipedia.org/wiki/List_o...duced_by_China

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Paul Markham

It'as a pity NZ doesn't run American elections then.

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Paul Markham

Bad news for bankers and economist. Good news for the workers.

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thommy

what is the difference between robots and chinese that are taking the jobs ?


oh yes now i remember - robots don´t buy a fucking thing.

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Paul Markham

Will you pay more in taxes to support the people who are losing their jobs? This is assuming you're not already on benefits.

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