China Retaliates Against the U.S. With Its Own Higher Tariffs

[Anonymous]

Reduced Chinese imported junk will ultimately be a good thing. All this cheap garbage from China is ruining the planet.

[Anonymous]

Anonymous wrote:I don’t want China owning Americans.

Um, ok. Slavery has been outlawed for some time. Why not read what Trump's economic adviser thinks is going to come of these tarriffs. Hint we will all pay more.

The White House's top economic adviser has acknowledged that U.S. consumers and businesses pay the tariffs that the Trump administration has imposed on billions of dollars of Chinese goods, even as President Trump himself insisted in a tweet, incorrectly, that China pays.

Chris Wallace, host of "Fox News Sunday," asked him, "It's U.S. businesses and U.S. consumers who pay, correct?"

"Yes, I don't disagree with that," said Larry Kudlow, the head of the president's National Economic Council.

Kudlow added, "Both sides will pay," but he stipulated that China "will suffer (economic) losses" from reduced exports to the U.S., not from paying the tariffs.

Kudlow's admission contradicts many of Trump's comments and tweets to the effect that Chinese companies pay the tariffs in what amounts, in the president's view, to a massive transfer of wealth to the United States from China. Yet almost no economist has agreed with Trump's view and fact-checkers routinely brand Trump's assertion false and point out that American importers of goods from China pay the tariffs.

Trump has also asserted that trade wars are "easy to win," but Kudlow accepted that they come with costs for the U.S. economy, though he downplayed the impact.

[Anonymous]

Anonymous wrote:I don’t want China owning Americans.

Do you mean trafficking? I think it's the other way around.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m not a fan of Trump but I agree with him on China. For too long we have allowed them to steal our IP, block imports and subsidize exports. The mistake Trump is making is that he has alienated our allies so that there is no unified approach.

I used to think this as well, but do you seriously think that anyone in the EU is going to work effectively and efficiently with the US in a trade discussion with China? Seriously? Those guys trip over themselves trying to counter balance the power of the US. For them, snubbing US is a competitive sport among their own little group. Just look at their actions in the UN and their attitude towards NATO. Dragging them along, and I do mean dragging, will only slow down the progress at the best, and at the worst one or more of them may side with China on certain issues and cause the process to implode.

I'm not going to say it's smart for Trump to leave other countries out, because I don't know if he seriously thought about the above dynamics, maybe he knew it at an instinctive level. He seems to be all for bilateral negotiations, seems to be just how he prefer things to be done.

So because Trump is incapable of working with others, then it's good that he doesn't bother with allies.

You seem to be under the impression that the ill behavior of European leaders towards US started with Trump. This is not the case. It's been going on since the end of WWII. Trump's behavior hasn't helped, I agree, but I doubt anyone would have changed this fact. Just look at Obama - he is all for pleasing the international community, was vocally open to relinquishing some sovereign powers of the US by defaulting to international governing bodies. What did that positive attitude get him from the UN? Didly squat.

Exactly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don’t want China owning Americans.

Do you mean trafficking? I think it's the other way around.

The first PP is just an idiot troll (probably foreign) who hasn't learned any of the amendments of the constitution.

[Anonymous]

Anonymous wrote:Reduced Chinese imported junk will ultimately be a good thing. All this cheap garbage from China is ruining the planet.

That's not what is being tariffed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don’t want China owning Americans.

Do you mean trafficking? I think it's the other way around.

I mean Chinese Communists buying up our real estate and businesses. And I’m tired of the Cheap Chinese Imports filling up landfills. You need to think past your little nose, my friend.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

I'm the "above poster", I literally am in the middle of this trade war because I am engaged in international trade. I pay a portion of these tariffs that are going up. I'm putting my money where my mouth is.

Sure whatever. You can be whomever you want to be on the Internet. But the fact is, that Americans will pay more due to this unnecessary trade war.
https://www.nytimes.com/2019/05/13/us/politics/us-china-trade-tariffs.html

Economists differ in their forecasts of how much tariffs on both sides will reduce economic growth, but most agree that the cost of tariffs is passed on to businesses or consumers in the form of higher prices.

The president’s economic adviser, Larry Kudlow, on Sunday said that both the United States and China would “suffer” as a result of the tariffs.

Okay, well given that it's an anonymous forum, the fact that you are engaging means you are by default in acceptance of certain claims of facts. You are free to challenge them, and I'm willing to discuss my knowledge international trade in any way to establish my "bona fides".

Again, very few people wants to fight a war for the sake of the war itself, but rather people reluctantly enters war in order to achieve some goal after the war. People like you who keeps talking about the effects of the war itself is not convince those of us who are focused on the goals of the war, which is a more open and fair trading partner in China, to the benefit of both the US and China, and those free-loading Europeans who will obviously turn to China and say "I'll have what the US is having."

That's your opinion. Economists and other experts disagree. Most people would prefer not to fight wars where both sides end up worse off. Trump doesn't understand tariffs or foreign policy and even his own party is trying to get him to see reason as he attempts to drive the economy into the ground.

Sorry, what? Economists and other experts don't believe that a more open and fair trading China is a benefit to both US and China, as well as Europeans? Can you quote any of these economists and experts? I point to China's past 2 decades of impressive economic growth as proof that a more open and fairly trading china is beneficial to China, the US, and Europe.

You must have reading comprehension issues. Economist and other experts have noted that Americans will pay higher prices as a result of these trade wars. Including Trump's own chief economic adviser Larry Kudlow. You're assuming that the result of the trade war will be a China that trades more openly. But you haven't explained how that is going to happen when China just slapped tariffs on many American goods today.

Okay... how is what these economics have said at odds with what I've said? I'm in agreement that tariffs will result in higher prices for consumers. I'm not assuming that the result of the trade war will be a more openly trading China - again I am not a fortune teller, I don't know what's going to happen. I do know that this is the goal of the trade war, and my opinion is that it's a worthwhile goal to work towards, since a more openly trading China is good for the US and China - it will lift many more Chinese people out of poverty and bring about progress on the environment and political side of the equation as well, as economically secure people will invariably demand better environment and more personal freedoms.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

I'm the "above poster", I literally am in the middle of this trade war because I am engaged in international trade. I pay a portion of these tariffs that are going up. I'm putting my money where my mouth is.

Sure whatever. You can be whomever you want to be on the Internet. But the fact is, that Americans will pay more due to this unnecessary trade war.
https://www.nytimes.com/2019/05/13/us/politics/us-china-trade-tariffs.html

Economists differ in their forecasts of how much tariffs on both sides will reduce economic growth, but most agree that the cost of tariffs is passed on to businesses or consumers in the form of higher prices.

The president’s economic adviser, Larry Kudlow, on Sunday said that both the United States and China would “suffer” as a result of the tariffs.

Okay, well given that it's an anonymous forum, the fact that you are engaging means you are by default in acceptance of certain claims of facts. You are free to challenge them, and I'm willing to discuss my knowledge international trade in any way to establish my "bona fides".

Again, very few people wants to fight a war for the sake of the war itself, but rather people reluctantly enters war in order to achieve some goal after the war. People like you who keeps talking about the effects of the war itself is not convince those of us who are focused on the goals of the war, which is a more open and fair trading partner in China, to the benefit of both the US and China, and those free-loading Europeans who will obviously turn to China and say "I'll have what the US is having."

That's your opinion. Economists and other experts disagree. Most people would prefer not to fight wars where both sides end up worse off. Trump doesn't understand tariffs or foreign policy and even his own party is trying to get him to see reason as he attempts to drive the economy into the ground.

Sorry, what? Economists and other experts don't believe that a more open and fair trading China is a benefit to both US and China, as well as Europeans? Can you quote any of these economists and experts? I point to China's past 2 decades of impressive economic growth as proof that a more open and fairly trading china is beneficial to China, the US, and Europe.

You must have reading comprehension issues. Economist and other experts have noted that Americans will pay higher prices as a result of these trade wars. Including Trump's own chief economic adviser Larry Kudlow. You're assuming that the result of the trade war will be a China that trades more openly. But you haven't explained how that is going to happen when China just slapped tariffs on many American goods today.

Okay... how is what these economics have said at odds with what I've said? I'm in agreement that tariffs will result in higher prices for consumers. I'm not assuming that the result of the trade war will be a more openly trading China - again I am not a fortune teller, I don't know what's going to happen. I do know that this is the goal of the trade war, and my opinion is that it's a worthwhile goal to work towards, since a more openly trading China is good for the US and China - it will lift many more Chinese people out of poverty and bring about progress on the environment and political side of the equation as well, as economically secure people will invariably demand better environment and more personal freedoms.

So basically, you know these tariffs are harmful, that the outcome of a more open trading partner in China is uncertain, but you are willing to have millions of Americans pay higher prices and thousands of American workers lose their job because you're hopeful something good will happen. We need to have smarter policy than your "hopes." Trade wars aren't new. People know how they end, and it isn't pretty for either side.

[Anonymous]

I’d love for more of our factories to come home.

[Anonymous]

Anonymous wrote:I’d love for more of our factories to come home.

I'd love to own a unicorn. But those jobs are gone, and they're not coming back to the US. If they leave China, they will go to India or Mexico or somewhere else where wages are cheap.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

I'm the "above poster", I literally am in the middle of this trade war because I am engaged in international trade. I pay a portion of these tariffs that are going up. I'm putting my money where my mouth is.

Sure whatever. You can be whomever you want to be on the Internet. But the fact is, that Americans will pay more due to this unnecessary trade war.
https://www.nytimes.com/2019/05/13/us/politics/us-china-trade-tariffs.html

Economists differ in their forecasts of how much tariffs on both sides will reduce economic growth, but most agree that the cost of tariffs is passed on to businesses or consumers in the form of higher prices.

The president’s economic adviser, Larry Kudlow, on Sunday said that both the United States and China would “suffer” as a result of the tariffs.

Okay, well given that it's an anonymous forum, the fact that you are engaging means you are by default in acceptance of certain claims of facts. You are free to challenge them, and I'm willing to discuss my knowledge international trade in any way to establish my "bona fides".

Again, very few people wants to fight a war for the sake of the war itself, but rather people reluctantly enters war in order to achieve some goal after the war. People like you who keeps talking about the effects of the war itself is not convince those of us who are focused on the goals of the war, which is a more open and fair trading partner in China, to the benefit of both the US and China, and those free-loading Europeans who will obviously turn to China and say "I'll have what the US is having."

That's your opinion. Economists and other experts disagree. Most people would prefer not to fight wars where both sides end up worse off. Trump doesn't understand tariffs or foreign policy and even his own party is trying to get him to see reason as he attempts to drive the economy into the ground.

Sorry, what? Economists and other experts don't believe that a more open and fair trading China is a benefit to both US and China, as well as Europeans? Can you quote any of these economists and experts? I point to China's past 2 decades of impressive economic growth as proof that a more open and fairly trading china is beneficial to China, the US, and Europe.

You must have reading comprehension issues. Economist and other experts have noted that Americans will pay higher prices as a result of these trade wars. Including Trump's own chief economic adviser Larry Kudlow. You're assuming that the result of the trade war will be a China that trades more openly. But you haven't explained how that is going to happen when China just slapped tariffs on many American goods today.

Okay... how is what these economics have said at odds with what I've said? I'm in agreement that tariffs will result in higher prices for consumers. I'm not assuming that the result of the trade war will be a more openly trading China - again I am not a fortune teller, I don't know what's going to happen. I do know that this is the goal of the trade war, and my opinion is that it's a worthwhile goal to work towards, since a more openly trading China is good for the US and China - it will lift many more Chinese people out of poverty and bring about progress on the environment and political side of the equation as well, as economically secure people will invariably demand better environment and more personal freedoms.

This exactly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

I'm the "above poster", I literally am in the middle of this trade war because I am engaged in international trade. I pay a portion of these tariffs that are going up. I'm putting my money where my mouth is.

Sure whatever. You can be whomever you want to be on the Internet. But the fact is, that Americans will pay more due to this unnecessary trade war.
https://www.nytimes.com/2019/05/13/us/politics/us-china-trade-tariffs.html

Economists differ in their forecasts of how much tariffs on both sides will reduce economic growth, but most agree that the cost of tariffs is passed on to businesses or consumers in the form of higher prices.

The president’s economic adviser, Larry Kudlow, on Sunday said that both the United States and China would “suffer” as a result of the tariffs.

Okay, well given that it's an anonymous forum, the fact that you are engaging means you are by default in acceptance of certain claims of facts. You are free to challenge them, and I'm willing to discuss my knowledge international trade in any way to establish my "bona fides".

Again, very few people wants to fight a war for the sake of the war itself, but rather people reluctantly enters war in order to achieve some goal after the war. People like you who keeps talking about the effects of the war itself is not convince those of us who are focused on the goals of the war, which is a more open and fair trading partner in China, to the benefit of both the US and China, and those free-loading Europeans who will obviously turn to China and say "I'll have what the US is having."

That's your opinion. Economists and other experts disagree. Most people would prefer not to fight wars where both sides end up worse off. Trump doesn't understand tariffs or foreign policy and even his own party is trying to get him to see reason as he attempts to drive the economy into the ground.

Sorry, what? Economists and other experts don't believe that a more open and fair trading China is a benefit to both US and China, as well as Europeans? Can you quote any of these economists and experts? I point to China's past 2 decades of impressive economic growth as proof that a more open and fairly trading china is beneficial to China, the US, and Europe.

You must have reading comprehension issues. Economist and other experts have noted that Americans will pay higher prices as a result of these trade wars. Including Trump's own chief economic adviser Larry Kudlow. You're assuming that the result of the trade war will be a China that trades more openly. But you haven't explained how that is going to happen when China just slapped tariffs on many American goods today.

Okay... how is what these economics have said at odds with what I've said? I'm in agreement that tariffs will result in higher prices for consumers. I'm not assuming that the result of the trade war will be a more openly trading China - again I am not a fortune teller, I don't know what's going to happen. I do know that this is the goal of the trade war, and my opinion is that it's a worthwhile goal to work towards, since a more openly trading China is good for the US and China - it will lift many more Chinese people out of poverty and bring about progress on the environment and political side of the equation as well, as economically secure people will invariably demand better environment and more personal freedoms.

So basically, you know these tariffs are harmful, that the outcome of a more open trading partner in China is uncertain, but you are willing to have millions of Americans pay higher prices and thousands of American workers lose their job because you're hopeful something good will happen. We need to have smarter policy than your "hopes." Trade wars aren't new. People know how they end, and it isn't pretty for either side.

+1 This is like Trump closing down the Government because he wanted to make people pay for his wall. At the end of 30 days workers were suffering, national parks had suffered irreparable harm and he still didn't get his wall funding. Yet he's going after China not realizing that they have plenty of leverage themselves.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’d love for more of our factories to come home.

I'd love to own a unicorn. But those jobs are gone, and they're not coming back to the US. If they leave China, they will go to India or Mexico or somewhere else where wages are cheap.

Mexico is billion times better than China, isn’t it?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

I'm the "above poster", I literally am in the middle of this trade war because I am engaged in international trade. I pay a portion of these tariffs that are going up. I'm putting my money where my mouth is.

Sure whatever. You can be whomever you want to be on the Internet. But the fact is, that Americans will pay more due to this unnecessary trade war.
https://www.nytimes.com/2019/05/13/us/politics/us-china-trade-tariffs.html

Economists differ in their forecasts of how much tariffs on both sides will reduce economic growth, but most agree that the cost of tariffs is passed on to businesses or consumers in the form of higher prices.

The president’s economic adviser, Larry Kudlow, on Sunday said that both the United States and China would “suffer” as a result of the tariffs.

Okay, well given that it's an anonymous forum, the fact that you are engaging means you are by default in acceptance of certain claims of facts. You are free to challenge them, and I'm willing to discuss my knowledge international trade in any way to establish my "bona fides".

Again, very few people wants to fight a war for the sake of the war itself, but rather people reluctantly enters war in order to achieve some goal after the war. People like you who keeps talking about the effects of the war itself is not convince those of us who are focused on the goals of the war, which is a more open and fair trading partner in China, to the benefit of both the US and China, and those free-loading Europeans who will obviously turn to China and say "I'll have what the US is having."

That's your opinion. Economists and other experts disagree. Most people would prefer not to fight wars where both sides end up worse off. Trump doesn't understand tariffs or foreign policy and even his own party is trying to get him to see reason as he attempts to drive the economy into the ground.

Sorry, what? Economists and other experts don't believe that a more open and fair trading China is a benefit to both US and China, as well as Europeans? Can you quote any of these economists and experts? I point to China's past 2 decades of impressive economic growth as proof that a more open and fairly trading china is beneficial to China, the US, and Europe.

You must have reading comprehension issues. Economist and other experts have noted that Americans will pay higher prices as a result of these trade wars. Including Trump's own chief economic adviser Larry Kudlow. You're assuming that the result of the trade war will be a China that trades more openly. But you haven't explained how that is going to happen when China just slapped tariffs on many American goods today.

Okay... how is what these economics have said at odds with what I've said? I'm in agreement that tariffs will result in higher prices for consumers. I'm not assuming that the result of the trade war will be a more openly trading China - again I am not a fortune teller, I don't know what's going to happen. I do know that this is the goal of the trade war, and my opinion is that it's a worthwhile goal to work towards, since a more openly trading China is good for the US and China - it will lift many more Chinese people out of poverty and bring about progress on the environment and political side of the equation as well, as economically secure people will invariably demand better environment and more personal freedoms.

So basically, you know these tariffs are harmful, that the outcome of a more open trading partner in China is uncertain, but you are willing to have millions of Americans pay higher prices and thousands of American workers lose their job because you're hopeful something good will happen. We need to have smarter policy than your "hopes." Trade wars aren't new. People know how they end, and it isn't pretty for either side.

Yes, wars have uncertain outcomes, but that doesn't mean we don't have some level of confidence about our chances for success. If we refused to enter into wars because the outcomes are uncertain, we'd all have an image of the crown on our passports right now.