Posted by
Message
BurningHeart
LSU Fan
Member since Jan 2017
8227 posts

China cuts retaliatory tariffs on US imports by 50%
quote:

China on Thursday announced that it will halve tariffs on hundreds of U.S. goods worth about $75 billion.

Retaliatory tariffs on some U.S. goods will be cut from 10% to 5%, and from 5% to 2.5% on others, according to a statement from China's Ministry of Finance. The adjustments will take effect from 1:01 p.m on Feb. 14, it said, without specifying which time zone it was referring to.

The statement on the Ministry of Finance website said the move was made in order to "advance the healthy and stable development of China-U.S. trade."




For the libbies who've been playing armchair President on foreign policy... you lose again



LINK

This post was edited on 2/6 at 5:14 am


MrLSU
LSU Fan
New York/New Orleans/Melbourne/30A
Member since Jan 2004
15104 posts

re: China cuts retaliatory tariffs on US imports by 50%
No one is allowed to comment on this until we get IB Chinaman’s official take.


thebigmuffaletta
Member since Aug 2017
4227 posts
 Online 

re: China cuts retaliatory tariffs on US imports by 50%
IB Communist gonna be pissed


Replies (0)
Replies (0)
301
TizzyT4theUofA
Alabama Fan
Biloxi,MS
Member since Jun 2016
4652 posts

Replies (0)
Replies (0)
240
Strannix
New Orleans Saints Fan
President Donald J. Trump
Member since Dec 2012
25574 posts

re: China cuts retaliatory tariffs on US imports by 50%
Remember all the economists saying Trump would crash the economy.....


Oilfieldbiology
LSU Fan
Member since Nov 2016
12901 posts
 Online 

Replies (0)
Replies (0)
100
DawgCountry
Kennesaw St. Fan
Great State of GA
Member since Sep 2012
25760 posts

re: China cuts retaliatory tariffs on US imports by 50%
IB is currently filing for unemployment. He might not have internet access anymore since the China economy is in the crapper


MrLSU
LSU Fan
New York/New Orleans/Melbourne/30A
Member since Jan 2004
15104 posts

re: China cuts retaliatory tariffs on US imports by 50%
Speaking of has anyone heard from him since the outbreak broke? Wondering if he is quarantined in Wuhan right now


Loserman
LSU Fan
Member since Sep 2007
16691 posts

re: China cuts retaliatory tariffs on US imports by 50%
quote:

IB is currently filing for unemployment.


Possibly out sick with the CornaVirus?


Replies (0)
Replies (0)
100
Scruffy
USA Fan
Member since Jul 2011
61465 posts

re: China cuts retaliatory tariffs on US imports by 50%
quote:

Speaking of has anyone heard from him since the outbreak broke? Wondering if he is quarantined in Wuhan right now
He posted the other day.


Replies (0)
Replies (0)
00
TD SponsorTD Fan
USA
Member since 2001
Thank you for supporting our sponsors
Advertisement
Homesick Tiger
LSU Fan
Greenbrier, AR
Member since Nov 2006
46283 posts
 Online 

re: China cuts retaliatory tariffs on US imports by 50%
In our local paper this morning:

quote:

WASHINGTON -- The overall U.S. trade deficit shrank last year for the first time in six years as the economy cooled, domestic oil production soared and President Donald Trump waged an aggressive global trade war to rewrite America's trading terms.

The trade deficit for both goods and services fell to $616.8 billion in 2019, down $10.9 billion from the previous year, according to data released Wednesday by the Commerce Department.

But the most dramatic changes in global trade flows occurred with China, the target of Trump's biggest economic offensive.

The trade deficit in goods with China shrank $73.9 billion to $345.6 billion in 2019. It was the first drop on an annual basis since 2016, as both the United States and China placed tariffs on hundreds of billions of dollars of each other's products.

In particular, U.S. imports from China fell sharply in the final two months of the year, as companies worked to avoid tariffs that Trump has placed on $360 billion worth of Chinese goods and the potential that he could tax nearly everything from China.


LINK


I B Freeman
Member since Oct 2009
23544 posts

re: China cuts retaliatory tariffs on US imports by 50%
It is good China lowered their retaliatory tariffs on the Chinese people buying goods from America. It’s a shame they felt the need to punish their people in this way to begin with.

As you can see from the trade deficit numbers—our imports are simply coming from other countries and ARE not hurting the economy. It is just stupid to say a trade deficit is bad for our economy.

What is discerning is our decline in exports. I wonder how US manufacturers of products containing steel are doing selling into other countries given the horrible disadvantage they have with the steel tariffs?

Why would anyone think I would be unhappy about lower tariffs????


SDVTiger
Hawaii Fan
Off the Wall
Member since Nov 2011
40907 posts

re: China cuts retaliatory tariffs on US imports by 50%
Remember when you said China was just gonna buy all their soybeans from Brazil and the US was fricked cause muh tariffs



I B Freeman
Member since Oct 2009
23544 posts

re: China cuts retaliatory tariffs on US imports by 50%
I was certainly correct.

Had a deal not been reached they would still be buying them there. Our bean inventory is still very large and our shipments to China much smaller than before the trade war.

That inventory should correct itself now that China is buying again but price recovery will still be impacted by 1.5 million acres of new bean acres Brazil planted this past year.

It’s a shame we became an unreliable supplier for the world’s largest bean importer.
This post was edited on 2/6 at 7:39 am


SDVTiger
Hawaii Fan
Off the Wall
Member since Nov 2011
40907 posts

re: China cuts retaliatory tariffs on US imports by 50%
quote:

I was certainly correct.


quote:

Had a deal not been reached



So you actually were not correct



I B Freeman
Member since Oct 2009
23544 posts

re: China cuts retaliatory tariffs on US imports by 50%
How was I wrong?

Until Trump lightened up on Americans importing Chinese goods the Chinese didn’t lighten up on Chinese purchasers of American beans.

I normally do not respond to your posts. Sorry to have bothered you.


goatmilker
LSU Fan
2014 drunkin Bobby award winner!
Member since Feb 2009
49008 posts
 Online 

re: China cuts retaliatory tariffs on US imports by 50%
It's a shame you act like beans were not a weapon in a trade war.
Unreliable trade partner?
In a trade war?

Wow you don't say. Freaking brilliant take.


SDVTiger
Hawaii Fan
Off the Wall
Member since Nov 2011
40907 posts

re: China cuts retaliatory tariffs on US imports by 50%
quote:

How was I wrong?


Because they are not buying all their soybeans from Brazil. And we didnt get fricked.

I mean how much more a dummy can you be


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
60396 posts
 Online 

re: China cuts retaliatory tariffs on US imports by 50%
quote:

Until Trump lightened up on Americans importing Chinese goods the Chinese didn’t lighten up on Chinese purchasers of American beans.


Replies (0)
Replies (0)
60
I B Freeman
Member since Oct 2009
23544 posts

re: China cuts retaliatory tariffs on US imports by 50%
You don’t know what you are talking about.

They bought very few beans from the USA in 2019 relative to say 2016. A tiny fraction.

Brazil was rapidly expanding acres and in another year or perhaps two of China’s policy and all our competitors would have increased their production enough to fill their demand.

Why argue about something so simple?

This post was edited on 2/6 at 7:53 am


first pageprev pagePage 1 of 5next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram