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Started By
Message
re: Chinese put tariffs on LNG
Posted on 8/6/18 at 9:22 am to I B Freeman
Posted on 8/6/18 at 9:22 am to I B Freeman
quote:
I will put you down as opposing trying to trade with the largest country in the world on one of their largest imports.
0
Posted on 8/6/18 at 9:23 am to BugAC
I don't understand this post.
My stance is that tariffs are bad. What in your link proves other wise?
I have not made such a response. What are you talking about??
My stance is that tariffs are bad. What in your link proves other wise?
quote:
well its all talk, nothing has happened yet"
I have not made such a response. What are you talking about??
Posted on 8/6/18 at 9:23 am to RogerTheShrubber
Causation is trade barrier asymmetry.
That is 100% a Chinese issue
Posted on 8/6/18 at 9:24 am to dewster
quote:
Not a lot of depth or consideration for reality baked into them.
MUCH MUCH more substance and consideration in my posts than any you have posted.
This post was edited on 8/6/18 at 9:25 am
Posted on 8/6/18 at 9:24 am to I B Freeman
quote:
he exclusion of Canada and Mexico which have pipeline infrastructure.
And South Korea.
quote:
I will put you down as opposing trying to trade with the largest country in the world on one of their largest imports.
Thanks???
And let me ask you a question, how do you combat unfair trade deficits and tariffs imposed on US goods?
Second part, is your assumption that Trumps tariffs are permanent? You do understand these tariffs are negotiations, right? He's said so.
Posted on 8/6/18 at 9:25 am to I B Freeman
quote:
What in your link proves other wise?
The entire link. What don't you understand? Trump imposed tariffs on the EU to combat the unfair tariffs imposed on our goods. And guess what? The EU is backing down and will also begin importing some of our soybeans. Are you so dug in on one side you can't see the obvious?
Posted on 8/6/18 at 9:26 am to BugAC
quote:By dropping tariffs and simply letting them do whatever the frick they want!
And let me ask you a question, how do you combat unfair trade deficits and tariffs imposed on US goods?
quote:IPFreely ignores that part time and time again.
Second part, is your assumption that Trumps tariffs are permanent?
Posted on 8/6/18 at 9:26 am to I B Freeman
quote:
You are correct China does have other sources of LNG even though they take over 10% of what we ship other than our shipments through pipelines.
We don't ship LNG by pipeline FWIW.
ETA: meaning from market to market. Not meaning within an LNG terminal or facility...of course LNG is shipped between cryogenics and storage by pipeline (which is very short compared to cross country pipeline from markets to market).
This post was edited on 8/6/18 at 9:32 am
Posted on 8/6/18 at 9:27 am to I B Freeman
quote:
Are we at the mercy of Australia because they are much better producers of wool? Are we at the mercy of Honduras because they are much better producers of bananas? Are we at the mercy of Columbia because they are much better producers of coffee? Are we at the mercy of South Africa because they mine most of the platinum in the world? Are we at the mercy of China because they mine most fo the rare earth metals mined in the world?
You do realize the difference in these and aluminum correct?
Posted on 8/6/18 at 9:30 am to RogerTheShrubber
quote:this is what i don't get from the left. years of brainless trade policy has left us in a hole. now that we're trying to fix it, all of the sudden there's pain and "winners and losers" on our side. so, what's the alterative? keep sending the entire country down the drain? good grief.
What can we do to help manufacturing besides picking winners and losers on "our side?"
Posted on 8/6/18 at 9:32 am to I B Freeman
China isn’t well prepared to fight a trade war with America. For a couple of reasons. One of them is that its economy is slowing, as it faces the “middle income trap,” and the Lewis turning point.
The income trap is a situation where a country’s growth rate slows down as it reaches middle income. The Lewis point is a situation where the “reserve army” of labor shrinks, pushing wages and eroding the country’s competitive advantage in labor intensive industries. Chinese labor becomes expensive vis-à-vis India, Vietnam, and Indonesia. And that places additional pressure on the country’s growth.
Meanwhile, China has yet to develop a robust domestic consumer market that will accommodate its growing production capacity.
That’s why China will have to give in to American demands.
Chief Market Strategist Brett Ewing of First Franklin agrees, though he thinks that Washington’s win over Beijing will be more of a matter of PR rather than a matter of substance. "I think that outlining what a win would look like is an important part to this question,” says Ewing. “We view a simplistic reduction in tariffs on China's side as strictly a PR move by Washington and we believe that would be a win for the state-owned enterprises in China and thus the communist politicians who profit from them. Our view of a real win for the U.S. is some combination of meaningful reforms in the ending of forced joint ventures, stopping intellectual property theft and empowering the WTO enforcement capabilities.”
Financial markets have already sensed this outcome. Over the last three months, US equities have gained 7.1% as China’s markets have lost 9.1%. LINK
The income trap is a situation where a country’s growth rate slows down as it reaches middle income. The Lewis point is a situation where the “reserve army” of labor shrinks, pushing wages and eroding the country’s competitive advantage in labor intensive industries. Chinese labor becomes expensive vis-à-vis India, Vietnam, and Indonesia. And that places additional pressure on the country’s growth.
Meanwhile, China has yet to develop a robust domestic consumer market that will accommodate its growing production capacity.
That’s why China will have to give in to American demands.
Chief Market Strategist Brett Ewing of First Franklin agrees, though he thinks that Washington’s win over Beijing will be more of a matter of PR rather than a matter of substance. "I think that outlining what a win would look like is an important part to this question,” says Ewing. “We view a simplistic reduction in tariffs on China's side as strictly a PR move by Washington and we believe that would be a win for the state-owned enterprises in China and thus the communist politicians who profit from them. Our view of a real win for the U.S. is some combination of meaningful reforms in the ending of forced joint ventures, stopping intellectual property theft and empowering the WTO enforcement capabilities.”
Financial markets have already sensed this outcome. Over the last three months, US equities have gained 7.1% as China’s markets have lost 9.1%. LINK
This post was edited on 8/6/18 at 9:34 am
Posted on 8/6/18 at 9:34 am to I B Freeman
quote:
Trump needs to quit listening to the neocon John Bolton
you mean wilbus ross and peter navvarro
HAve you read his book on china?
quote:
should simply drop ALL tariffs and the let the other countries do as they wish. Let them continue to tariff us if they want too.
like they have been doing? This is why we are where we are. HAve you paid any fricking attention to all your past crybaby tariff threads? Where we addressed the job losses and trade deficits?
Holy shite you are just chasing your tail now and too stupid to realize it. You are back at square one son!
quote:
simply declare ourselves a free trade country.
right genius and allow dumping whilst they do not allow it. holy shite you are a economic moron. I knew you could not be taken seriously anymore. I was right. You are a waste of time.
Posted on 8/6/18 at 9:34 am to RogerTheShrubber
quote:my word it's already been hemorrhaging. well, until trump got into office. we still haven't heard your awesome plan that doesn't require tariffs
This is impossible without severely hurting the US economy
Posted on 8/6/18 at 9:35 am to BugAC
quote:
, how do you combat unfair trade deficits and tariffs imposed on US goods?
I don't. They are hurting themselves to tariff our goods and always have been. We are growing as an economy despite their tariffs.
We are not innocent in any of this. We tariffed the crap out of the Japanese and they simply moved their assembly here, keep their manufacturing of engines and the like at home and took their profits home. I remember in the eighties all these people were screaming because the Japanese were buying up US property and companies. I never understood it. It is the same people behind these tariffs today.
Our economy is growing great right now and we are just now starting to see the impacts of some of the tariffs. No need to screw it up.
My company--that I own--will be paying over $2 million in tariffs as proposed right now. I will do everything I can to pass them on. I doubt any of you people attacking me will directly pay to the customs office any tariffs. We will. It is a drag on the economy.
Are you getting a raise to cover the inflation in goods you purchase because of the tariffs? I doubt it. Since you will be paying more for goods you buy you will have less to spend on higher value goods and it will damper the economy.
There is no question about that.
Posted on 8/6/18 at 9:38 am to I B Freeman
quote:
They are hurting themselves to tariff our goods and always have been.
Tariffs are punishment for your own people because you're not happy with the other guys. It's a terrible populist move with little economic value.
Posted on 8/6/18 at 9:38 am to I B Freeman
quote:
We tariffed the crap out of the Japanese and they simply moved their assembly here
quote:
My company--that I own--will be paying over $2 million in tariffs as proposed right now.
quote:
I will do everything I can to pass them on.
One more time IPFreely are they fricking permanent or a negotiations tool?
Posted on 8/6/18 at 9:39 am to bfniii
quote:
so, what's the alterative? keep sending the entire country down the drain? good grief.
IB endorses this strategy! free trade is a myth and nobody will end all tariffs on all sectors. but we must allow their tariffs and we must not put any! keep building the deficit! let anybody and everybody dump and lower prices! let it hurt businesses here! like the chinese have already done! GENIUS!
Posted on 8/6/18 at 9:41 am to I B Freeman
This move makes no sense because China can't produce it domestically. They'll just pay more for it now. It will hurt them more than us especially since the EU will start importing LNG from us
Posted on 8/6/18 at 9:42 am to BugAC
quote:
Are you so dug in on one side you can't see the obvious?
I am dug in on the fact that tariffs are bad.
If the EU agrees to end tariffs and subsidies I will love it. They have not yet and Trump damn sure has not proposed ending all subsidies as he suggested. The US agricultural subsidies will be a very large sticking point with the EU and Canada. We may get some lower tariffs but any that really count. The auto tariffs everybody is for eliminating so I suspect they will go away but It won't impact our economy too much.
The Chinese are a completely different story. They have deep currency reserves and a command economy. They will do what they want. It is very naive to think the collapse of their stock market means anything to the Communist. I would almost ignore them. We should take the opportunity to be a large source of LNG to them. The more people trade the less likely they are to war.
Posted on 8/6/18 at 9:44 am to I B Freeman
quote:
The Chinese are a completely different story. They have deep currency reserves and a command economy. They will do what they want. It is very naive to think the collapse of their stock market means anything to the Communist. I would almost ignore them. We should take the opportunity to be a large source of LNG to them. The more people trade the less likely they are to war.
It's like you can't fricking read.
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