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Posted by
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CBS News: Is Trump Already Winning The Trade War With China?
Posted by Giantkiller on 7/6/18 at 3:17 pm541
Is President Trump Already Wining The Trade War With China?
Caps the largest three-month reduction in 10 years.
quote:
After months of threats and gamesmanship, President Trump's tariffs on $34 billion worth of Chinese industrial imports took effect a minute after midnight Friday. It's the latest in a line of protectionism aimed at the U.S. trade deficit with China, which totaled nearly $600 billion in 2017, and includes tariffs on imports of steel and aluminum as well as items like washing machines and solar panels.
And much more has been threatened. Mr. Trump said on Thursday that another $16 billion worth of tariffs against China are coming in two weeks -- and U.S. total alone could reach $550 billion in the next few months.
The actions appear to be having the intended effect, if at the cost of pushing up inflation (prices for washing machine in the U.S. have spiked 16% in recent months, for example). The U.S. trade imbalance with China in May totaled $43.1 billion, down from the $47.2 billion posted in March; it's the smallest monthly deficit since October 2016 and caps the largest three-month reduction in 10 years.
China responded early Friday with its own tariffs on a $34 billion range of American goods including soybeans and pork. The risk now is that the tit-for-tat that marked the verbal standoff will translate into escalation in action, as each side tries to one-up the other...
Caps the largest three-month reduction in 10 years.
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by bamarep on 7/6/18 at 3:18 pm to Giantkiller
Shhhhhhh.
Don't tell anybody.
Don't tell anybody.
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by Bunyan on 7/6/18 at 3:19 pm to Giantkiller
CBS took a knee in less than 24 hours. Winning, folks
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by Lsujacket66 on 7/6/18 at 3:20 pm to Giantkiller
That just means we bought less... not exactly good, actually bad, really bad
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by Seldom Seen on 7/6/18 at 3:20 pm to Giantkiller
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by bamarep on 7/6/18 at 3:21 pm to Lsujacket66
quote:
That just means we bought less... not exactly good, actually bad, really bad
Which means they sold less, which means they made less money, which means they realize this and negotiate a fair trade deal, which means you suck at economics.
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by Muthsera on 7/6/18 at 3:21 pm to Giantkiller
quote:
$34 billion range of American goods including soybeans
A reminder that due to shifts in growing seasons, the US is projected to be the largest, by far, provider of soybeans to China this summer. Brazil can't produce enough at this time.
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by HueyP on 7/6/18 at 3:31 pm to Giantkiller
Naive question I’m sure. I admit I’m no trade war expert.
If China has a + 600 billion trade deficit with us how can they even compete in a trade war? Seems like retaliation only hurts thier exports and thier economy exponentially more than ours.
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by WildTchoupitoulas on 7/6/18 at 3:37 pm to Giantkiller
CBS = Fake News.
Are we believing CBS when they say stuff we want to hear now?
Are we believing CBS when they say stuff we want to hear now?
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quote:
A reminder that due to shifts in growing seasons, the US is projected to be the largest, by far, provider of soybeans to China this summer. Brazil can't produce enough at this time.
Weaponized estrogen
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by omegaman66 on 7/6/18 at 3:44 pm to HueyP
quote:
Naive question I’m sure. I admit I’m no trade war expert. If China has a + 600 billion trade deficit with us how can they even compete in a trade war? Seems like retaliation only hurts thier exports and thier economy exponentially more than ours.
Sounds like "You have more than you know!"
People don't understand as you have pointed out that China has way way more to lose than the USA and that means we have the upper hand.
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by LSUTigerFan247 on 7/6/18 at 3:51 pm to Giantkiller
quote:
China responded early Friday with its own tariffs
Well shite, where the hell am I gonna get my chinese knock-off crap now?
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by BobBoucher on 7/6/18 at 3:53 pm to omegaman66
quote:
People don't understand as you have pointed out that China has way way more to lose than the USA and that means we have the upper hand.
It’s already getting bad for them. Their markets are way down. Trump knows we have have the upper hand, and we may get a black eye, but the more China tries to keep up with Trump, the more they bloody themselves.
This won’t last long as long as the left stays out of the way and lets Trump push China to a knee.
This post was edited on 7/6 at 3:54 pm
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by The Pirate King on 7/6/18 at 3:53 pm to LSUTigerFan247
quote:
Well shite, where the hell am I gonna get my chinese knock-off crap now?
The flood of cheap knockoff Chinese goods is something that should have been shut down long ago.
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by Vacherie Saint on 7/6/18 at 3:59 pm to WildTchoupitoulas
BUT ITS A WAR GODDAMMIT!!!
THAT MAN HAS STARTED A WAR!!!
<Looks toward heavens, then screams while weeping>
THAT MAN HAS STARTED A WAR!!!
<Looks toward heavens, then screams while weeping>
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by DallasTiger11 on 7/6/18 at 4:03 pm to omegaman66
quote:
People don't understand as you have pointed out that China has way way more to lose than the USA and that means we have the upper hand
They definitely have more to lose but they can make life very uncomfortable for Trump the next couple years and hope he’s out in 2020 and they can return to the status quo.
This post was edited on 7/6 at 4:04 pm
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by SDVTiger on 7/6/18 at 4:05 pm to Giantkiller
He cant keep getting away with this
I anticipate Kudlows resignation Monday
I anticipate Kudlows resignation Monday
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by i am dan on 7/6/18 at 4:05 pm to Giantkiller
quote:
Mr. Trump said on Thursday
It's President Trump. Thank you.
re: CBS News: Is Trump Already Winning The Trade War With China?Posted by i am dan on 7/6/18 at 4:09 pm to WildTchoupitoulas
quote:
CBS = Fake News. Are we believing CBS when they say stuff we want to hear now?
Easier to believe it as truth when the outlet reports something they'd rather not report.
Take you for example... If you hate some dude but you say he's pretty good at basketball, I would believe the dude is pretty good at basketball.
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