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Tariffs: Our President is about to annihilate China

Posted on 7/31/18 at 10:21 pm
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23485 posts
Posted on 7/31/18 at 10:21 pm
quote:

Trump to propose 25% tariff on China imports worth $200 billion,



quote:

U.S. President Donald Trump's administration had initially announced it would seek to impose a tariff of 10 percent on $200 billion of Chinese imports, and raising the level to 25 percen



quote:

an announcement could come as early as Wednesday




DOW jones
LINK

Verus China



This post was edited on 7/31/18 at 10:57 pm
Posted by CapperVin
Member since Apr 2013
10546 posts
Posted on 7/31/18 at 10:25 pm to
Obviously this won’t end well
Posted by Robin Masters
Birmingham
Member since Jul 2010
29839 posts
Posted on 7/31/18 at 10:26 pm to
Cheap Chinese shite becoming less cheap. Still shite we can live without. Hopefully the businesses that bet on America and Americans will get a nice windfall for a change.
This post was edited on 7/31/18 at 10:27 pm
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73453 posts
Posted on 7/31/18 at 10:26 pm to
quote:

Obviously this won’t end well
Posted by mahdragonz
Member since Jun 2013
6939 posts
Posted on 7/31/18 at 10:27 pm to
The Chinese economy is state run and can artificially prop it up.

China could withstand decades of tariffs if not a century.

They know trump is a paper tiger and can't stomach when he will start getting criticized.
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73453 posts
Posted on 7/31/18 at 10:28 pm to
quote:

China could withstand decades of tariffs if not a century.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 7/31/18 at 10:31 pm to
quote:

The Chinese economy is state run and can artificially prop it up.


Just like Venezuela and Cuba, amirite?
Posted by Robin Masters
Birmingham
Member since Jul 2010
29839 posts
Posted on 7/31/18 at 10:31 pm to
quote:

y know trump is a paper tiger and can't stomach when he will start getting criticized


Pfft! What?!? Start getting criticized!?! Are you high?
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 7/31/18 at 10:32 pm to
quote:

They know trump is a paper tiger and can't stomach when he will start getting criticized.


Not a fan of tariffs but man you’re wrong about this.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69314 posts
Posted on 7/31/18 at 10:32 pm to
quote:

The Chinese economy is state run and can artificially prop it up.
Yea, that worked so well for other state run economies.

The soviet union collapsed despite artificial propping up.
Posted by TigerOnTheMountain
Higher Elevation
Member since Oct 2014
41773 posts
Posted on 7/31/18 at 10:32 pm to
Start?

China is 100% dependent on our consumer market.
Posted by ChexMix
Taste the Deliciousness
Member since Apr 2014
25075 posts
Posted on 7/31/18 at 10:33 pm to
quote:

Obviously this won’t end well

you have to ask yourself if you have been right about anything. Up til now...anything?
Posted by Loungefly85
Lafayette
Member since Jul 2016
7930 posts
Posted on 7/31/18 at 10:36 pm to
quote:

The Chinese economy is state run and can artificially prop it up. China could withstand decades of tariffs if not a century.


You’re right, but it won’t be in their best interest and the market will adjust.
Posted by lsuoilengr
Member since Aug 2008
4776 posts
Posted on 7/31/18 at 10:41 pm to
you can't lose a trade war if you've already lost. F china
Posted by scrooster
Resident Ethicist
Member since Jul 2012
37665 posts
Posted on 7/31/18 at 10:43 pm to
quote:

The Chinese economy is state run and can artificially prop it up.

You're Asian right? You do understand that the one thing China has bitten-on, hook, line and sinker, is the WTO and World Bank system totally dependent upon open free trade ... ESPECIALLY with the U.S. You do right?

They may be able to prop-up their currency within their own borders but their currency will lose value on the world market if they do and ..... hell, come to think of it that's great for the U.S. We win either way. If that happens and our dollar keeps getting stronger we'll buy back our debt to Chinese banks for dimes on the dollar and save trillions in the long run in interest payments on the remaining principle.
quote:

China could withstand decades of tariffs if not a century.

If they want to halt all military upgrading and force their citizens back to a 1965 economy model they can.
quote:

They know trump is a paper tiger and can't stomach when he will start getting criticized

When they start? LULZ ... hell, they started before he ever pulled the trigger. Did you see his tweet to the Koch Brothers? Do you remember the backlash when he dumped the TPP and NAFTA?

The Donald could give a fat baby's arse about criticisms. The man is on a mission from God and doing the people's work.

Crazy thing is that even the people this is affecting are supporting him because most know this is the right thing to do in the long run.

God Bless Da Man!
Posted by HubbaBubba
F_uck Joe Biden, TX
Member since Oct 2010
45786 posts
Posted on 7/31/18 at 10:45 pm to
quote:

The Chinese economy is state run and can artificially prop it up.

China could withstand decades of tariffs if not a century.
Forbes, Finance Times and WSJ all agree....






...that you're an idiot.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73892 posts
Posted on 7/31/18 at 10:45 pm to
quote:

Obviously this won’t end well


Yeah for Xi
He will bend the knee and get striped of his leader for life move he made
Posted by HempHead
Big Sky Country
Member since Mar 2011
55497 posts
Posted on 7/31/18 at 10:48 pm to
quote:

The Chinese economy is state run and can artificially prop it up.



=/=

quote:

China could withstand decades of tariffs if not a century.



Something that is artificially propped up can not exist in perpetuity; it is by definition unsustainable.
Posted by Blizzard of Chizz
Member since Apr 2012
19064 posts
Posted on 7/31/18 at 10:50 pm to
quote:


China could withstand decades of tariffs if not a century


Actually, no. With a population of over a billion people, China needs to maintain a high GDP. Why? Because it has to keep its population employed. Think about the numbers if China suddenly facing 8-10% unemployment. That is a huge number of mouths to feed. So no, they can’t withstand decades of tariffs.
Posted by Paluka
One State Over
Member since Dec 2010
10763 posts
Posted on 7/31/18 at 10:53 pm to
quote:

Obviously this won’t end well


Please explain your reasoning for this opinion. Why will this end badly in your view?
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