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re: So the tariffs have been executed, but not on goods in transit?

Posted on 5/10/19 at 9:53 am to
Posted by BuckyCheese
Member since Jan 2015
50414 posts
Posted on 5/10/19 at 9:53 am to
Exactly. They are forced to "buy" the business to keep their factories and people working. The cash infusions they have been doing show they have been doing it for a while.

Frankly, we could bankrupt them fairly easily. Or cause a revolt by their people.

Posted by ErikGordan
Member since Oct 2016
883 posts
Posted on 5/10/19 at 10:17 am to
China's trump card is they financed the U S deficit. This is the real dangee for Trump.


Posted by UnitedFruitCompany
Bay Area
Member since Nov 2018
3436 posts
Posted on 5/10/19 at 10:25 am to
quote:

As a business that imports goods from China let me tell you, they needed us more than we need them and a lot of China industry is already gone or going away,


I keep hearing and reading that Chinese Labor costs have skyrocketed over the last decade. Whats your take on that?

Also, about a lot of Chinese industry leaving, I hear the "smart money" is already out of China. Mostly because a lot of them see the shite hitting the fan and that the Communists will seize all "private" industry leaving those taking all the risks twisting in the wind with little recourse. Would love to read your opinion on that as well!
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
49180 posts
Posted on 5/10/19 at 10:25 am to
quote:

That's fair IMHO.
Posted by BuckyCheese
Member since Jan 2015
50414 posts
Posted on 5/10/19 at 10:35 am to
quote:

I keep hearing and reading that Chinese Labor costs have skyrocketed over the last decade. Whats your take on that?


Yes. They are demanding better wages.

I know the model train industry a bit (yes it is a thing) and costs/prices have been going up quickly. A high end plastic diesel locomotive can retail for over $400. 100% made in China.

Model steam locomotives are hitting $600+ retail.

There is talk of moving production out of China, however finding a workforce to assemble them is supposedly the sticking point. I don't think it will be much of a problem really as it's just assembly. Albiet pretty small delicate parts. Retaining workers is more of a problem due to the tedious work.

Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 5/10/19 at 11:06 am to
quote:

It was already 10% which they ate over half. Now the 15% increase they are eating half.

Dipshit.

melt harder at me for noting that you're paying 17.5%

i guess for your sake i hope you're passing along at least some of that to whoever's buying from you
This post was edited on 5/10/19 at 11:08 am
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 5/10/19 at 11:07 am to
quote:

Guess I missed where China has retaliated.


Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 5/10/19 at 11:32 am to
Only in the minds of the most rabid trumpkin is destroying over a trillion dollars in stock market capitalization in only a weeks time a good thing.

Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73653 posts
Posted on 5/10/19 at 11:34 am to
IB A DUMMY will be here shortly to melt

oh wait

too late

Posted by MrLarson
Member since Oct 2014
34984 posts
Posted on 5/10/19 at 11:40 am to
So we are going to pass along 5.25% to the end user assuming we don't absorb 1/2 of that?

Your snickers bar went up .03 to shore up the American economy.
This post was edited on 5/10/19 at 11:45 am
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