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

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm stunned by how ignorant most Americans (and Trump supporters) are about how tariffs work. Trump lies blatantly and announces that the Chinese will pay for the tariffs our government imposes on Chinese imported goods. The public believes this lie. Don't schools teach basic history and commerce to kids anymore? It's frightening how stupid we've become.

Forget about most Americans, Trump doesn't understand how tariffs work. Larry Kudlow had to contradict him yesterday and note that both sides are going to suffer in this trade war.
https://www.cnn.com/videos/politics/2019/05/12/larry-kudlow-trump-china-trade-sot-vpx-nr.cnn

Please see 13:24. Now we know the absolute truth.

13:24 is a sock puppeting post. Learn something about markets before you post.
https://www.cnbc.com/2019/05/12/kudlow-says-us-will-pay-for-china-tariffs-contradicting-trump.html
White House economic adviser Larry Kudlow on Sunday acknowledged that the Chinese do not directly pay tariffs on goods coming into the U.S., contradicting President Donald Trump’s claims that China will pay for tariffs imposed by the U.S.
Kudlow said that “both sides will suffer on this,” but argued that China will suffer significant GDP losses as export markets are hit. The blow to U.S. GDP, on the other hand, won’t be substantial since the economy is “in terrific shape,” he said.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's ironic for China to call for mutual trust and respect when they are guilty of intellectual property thefts, forced technology transfers, and anti-competitive behaviors that block foreign goods/services from being competitive in the Chinese market. Tell me, can you hail an Uber in China?

Mutual trust and respect my @ss. What they want is for the US to go back being complacent like we were under Obama, to stay quiet while being bent over a barrel by China.

Well, okay. But you're only right if this works. If it stops China from stealing our IP, undercutting us globally, etc.

It has brought them to the table, hasn't it? Why any American would be against Trump making this effort to fight back against China is a mystery. If you can read Chinese, their discussion forums are a mixture of defiance and worry that the US has finally come to its senses and will substantially reduce the amount of free-loading that China has been able to get away with in the past.

Everyone plays Trump and the conman plays Americans for stupid, this is his REALITY TV. Coming to the table is just a time wasting tactic that everyone is deploying. NK came to the table and nothing happened. Canada and MX came to the table and NOTHING HAPPENED. China came to the table and nothing happened. But the conman has passed a tax cuts for the rich. YAY!

Really? We don't have a new NAFTA 2.0?

Tell us how different and/or better it is than the first NAFTA.

We'll wait.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm stunned by how ignorant most Americans (and Trump supporters) are about how tariffs work. Trump lies blatantly and announces that the Chinese will pay for the tariffs our government imposes on Chinese imported goods. The public believes this lie. Don't schools teach basic history and commerce to kids anymore? It's frightening how stupid we've become.

Forget about most Americans, Trump doesn't understand how tariffs work. Larry Kudlow had to contradict him yesterday and note that both sides are going to suffer in this trade war.
https://www.cnn.com/videos/politics/2019/05/12/larry-kudlow-trump-china-trade-sot-vpx-nr.cnn

Please see 13:24. Now we know the absolute truth.

13:24 is a sock puppeting post. Learn something about markets before you post.
https://www.cnbc.com/2019/05/12/kudlow-says-us-will-pay-for-china-tariffs-contradicting-trump.html
White House economic adviser Larry Kudlow on Sunday acknowledged that the Chinese do not directly pay tariffs on goods coming into the U.S., contradicting President Donald Trump’s claims that China will pay for tariffs imposed by the U.S.
Kudlow said that “both sides will suffer on this,” but argued that China will suffer significant GDP losses as export markets are hit. The blow to U.S. GDP, on the other hand, won’t be substantial since the economy is “in terrific shape,” he said.

Down, down, down goes the DOW.
https://www.cnbc.com/2019/05/13/us-markets-react-to-china-trade-war-news-and-more.html

Stocks fell sharply on Monday, with the S&P 500 and Nasdaq Composite having their worst day of the year, after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the world’s largest economies intensifies.

The Dow Jones Industrial Average dropped 643 points, or 2.5%, and was on pace for its biggest one-day loss since Jan. 3. The 30-stock index fell as much as 719 points. The S&P 500 fell 2.7% while the Nasdaq dropped 3.5%

“I think this is a prelude of things to come,” said Phil Blancato, CEO of Ladenburg Thalmann Asset Management. “We should expect more volatility for the foreseeable future.”

To stem the downturn, “you’d have to see China really come back to the table. The rhetoric we saw this morning tells you that’s not where they’re at,” he said.

[Anonymous]

The only people who win in a trade war are the trade attorneys. They’ve been raking it in since Trump took office, and this is pretty much just handing them more bags of cash.

[Anonymous]

Anonymous wrote:I'm stunned by how ignorant most Americans (and Trump supporters) are about how tariffs work. Trump lies blatantly and announces that the Chinese will pay for the tariffs our government imposes on Chinese imported goods. The public believes this lie. Don't schools teach basic history and commerce to kids anymore? It's frightening how stupid we've become.

Both sides are lying. As someone who engages in international trade and receives multiple invoices a week with tariff amounts paid, I know first hand how my little corner of the world is handling the tariffs: the Chinese suppliers are absorbing some, the US resellers are absorbing some, and end customers are seeing minimal price changes. So at least from my perspective, China is paying for *some* of the tariffs by way of lowered supply costs.

As to the macro effect of the tariffs, the analysis broadly agree: China is the one that stands to be hurt far more by them than the US. This is why whenever Trump has put in new tariffs, the US stocks have only dipped slightly and then recovered, while Chinese stocks dip and remain low. But no, the actions of seasoned analysts and investors who put their money where their mouth is are ignored. Instead we just have talking head son TV saying how the US is paying for all the tariffs. It is indeed frighteningly stupid.

[Anonymous]

Anonymous wrote:The only people who win in a trade war are the trade attorneys. They’ve been raking it in since Trump took office, and this is pretty much just handing them more bags of cash.

What in the world are you talking about?!?!?!

[Anonymous]

Anonymous wrote:I am no Trump fan, but trade war with China is needed!

---a former Chinese citizen and a current US citizen

No “sock puppet”. Sorry. You just don’t like hearing from someone who has actually lived in China under its oppressive control. I’m grateful that the former Chinese poster is here. You should be to.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm stunned by how ignorant most Americans (and Trump supporters) are about how tariffs work. Trump lies blatantly and announces that the Chinese will pay for the tariffs our government imposes on Chinese imported goods. The public believes this lie. Don't schools teach basic history and commerce to kids anymore? It's frightening how stupid we've become.

Both sides are lying. As someone who engages in international trade and receives multiple invoices a week with tariff amounts paid, I know first hand how my little corner of the world is handling the tariffs: the Chinese suppliers are absorbing some, the US resellers are absorbing some, and end customers are seeing minimal price changes. So at least from my perspective, China is paying for *some* of the tariffs by way of lowered supply costs.

As to the macro effect of the tariffs, the analysis broadly agree: China is the one that stands to be hurt far more by them than the US. This is why whenever Trump has put in new tariffs, the US stocks have only dipped slightly and then recovered, while Chinese stocks dip and remain low. But no, the actions of seasoned analysts and investors who put their money where their mouth is are ignored. Instead we just have talking head son TV saying how the US is paying for all the tariffs. It is indeed frighteningly stupid.

You should take an economics class and learn something about the "stickiness of prices". You may not see prices change immediately as traders absorb the hit in the short-term. But eventually prices go up, so that sellers can keep their margins robust.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's ironic for China to call for mutual trust and respect when they are guilty of intellectual property thefts, forced technology transfers, and anti-competitive behaviors that block foreign goods/services from being competitive in the Chinese market. Tell me, can you hail an Uber in China?

Mutual trust and respect my @ss. What they want is for the US to go back being complacent like we were under Obama, to stay quiet while being bent over a barrel by China.

Well, okay. But you're only right if this works. If it stops China from stealing our IP, undercutting us globally, etc.

It has brought them to the table, hasn't it? Why any American would be against Trump making this effort to fight back against China is a mystery. If you can read Chinese, their discussion forums are a mixture of defiance and worry that the US has finally come to its senses and will substantially reduce the amount of free-loading that China has been able to get away with in the past.

Everyone plays Trump and the conman plays Americans for stupid, this is his REALITY TV. Coming to the table is just a time wasting tactic that everyone is deploying. NK came to the table and nothing happened. Canada and MX came to the table and NOTHING HAPPENED. China came to the table and nothing happened. But the conman has passed a tax cuts for the rich. YAY!

Really? We don't have a new NAFTA 2.0?

Tell us how different and/or better it is than the first NAFTA.

We'll wait.

??? You can google for the differences yourself. The PP claimed that nothing happened. The fact that something happened shows that he is either ignorant, or was lying.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm stunned by how ignorant most Americans (and Trump supporters) are about how tariffs work. Trump lies blatantly and announces that the Chinese will pay for the tariffs our government imposes on Chinese imported goods. The public believes this lie. Don't schools teach basic history and commerce to kids anymore? It's frightening how stupid we've become.

Both sides are lying. As someone who engages in international trade and receives multiple invoices a week with tariff amounts paid, I know first hand how my little corner of the world is handling the tariffs: the Chinese suppliers are absorbing some, the US resellers are absorbing some, and end customers are seeing minimal price changes. So at least from my perspective, China is paying for *some* of the tariffs by way of lowered supply costs.

As to the macro effect of the tariffs, the analysis broadly agree: China is the one that stands to be hurt far more by them than the US. This is why whenever Trump has put in new tariffs, the US stocks have only dipped slightly and then recovered, while Chinese stocks dip and remain low. But no, the actions of seasoned analysts and investors who put their money where their mouth is are ignored. Instead we just have talking head son TV saying how the US is paying for all the tariffs. It is indeed frighteningly stupid.

That was on 10% seemingly short term tariffs. It's now 25% and seemingly long term.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am no Trump fan, but trade war with China is needed!

---a former Chinese citizen and a current US citizen

No “sock puppet”. Sorry. You just don’t like hearing from someone who has actually lived in China under its oppressive control. I’m grateful that the former Chinese poster is here. You should be to.

My above “sock puppet” post is addressed to whoever accused me of being a sock puppet. Liberals apparently don’t want to hear from someone who has actual experience with the Communist Chinese government. You Liberals should really put down your hatred, and seek the truth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's ironic for China to call for mutual trust and respect when they are guilty of intellectual property thefts, forced technology transfers, and anti-competitive behaviors that block foreign goods/services from being competitive in the Chinese market. Tell me, can you hail an Uber in China?

Mutual trust and respect my @ss. What they want is for the US to go back being complacent like we were under Obama, to stay quiet while being bent over a barrel by China.

Well, okay. But you're only right if this works. If it stops China from stealing our IP, undercutting us globally, etc.

It has brought them to the table, hasn't it? Why any American would be against Trump making this effort to fight back against China is a mystery. If you can read Chinese, their discussion forums are a mixture of defiance and worry that the US has finally come to its senses and will substantially reduce the amount of free-loading that China has been able to get away with in the past.

Everyone plays Trump and the conman plays Americans for stupid, this is his REALITY TV. Coming to the table is just a time wasting tactic that everyone is deploying. NK came to the table and nothing happened. Canada and MX came to the table and NOTHING HAPPENED. China came to the table and nothing happened. But the conman has passed a tax cuts for the rich. YAY!

Really? We don't have a new NAFTA 2.0?

Tell us how different and/or better it is than the first NAFTA.

We'll wait.

??? You can google for the differences yourself. The PP claimed that nothing happened. The fact that something happened shows that he is either ignorant, or was lying.

You do know that it hasn't actually been ratified yet, right?

(And no, you don't get to claim that it's substantially different without backing up your claim)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm stunned by how ignorant most Americans (and Trump supporters) are about how tariffs work. Trump lies blatantly and announces that the Chinese will pay for the tariffs our government imposes on Chinese imported goods. The public believes this lie. Don't schools teach basic history and commerce to kids anymore? It's frightening how stupid we've become.

Both sides are lying. As someone who engages in international trade and receives multiple invoices a week with tariff amounts paid, I know first hand how my little corner of the world is handling the tariffs: the Chinese suppliers are absorbing some, the US resellers are absorbing some, and end customers are seeing minimal price changes. So at least from my perspective, China is paying for *some* of the tariffs by way of lowered supply costs.

As to the macro effect of the tariffs, the analysis broadly agree: China is the one that stands to be hurt far more by them than the US. This is why whenever Trump has put in new tariffs, the US stocks have only dipped slightly and then recovered, while Chinese stocks dip and remain low. But no, the actions of seasoned analysts and investors who put their money where their mouth is are ignored. Instead we just have talking head son TV saying how the US is paying for all the tariffs. It is indeed frighteningly stupid.

You should take an economics class and learn something about the "stickiness of prices". You may not see prices change immediately as traders absorb the hit in the short-term. But eventually prices go up, so that sellers can keep their margins robust.

Isn't that exactly what I just said, that the costs are being absorbed by the layers in the supply chain for now. Both a more significant tariff rate and longer timeline will cause price to increase more noticeably. Not only do I have an education background in business, but I am actually doing international trading. It's all just talking points for you guys, but it hits me in the pocket books. I don't understand why people like you feel such a strong urge to revel in your ignorance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's ironic for China to call for mutual trust and respect when they are guilty of intellectual property thefts, forced technology transfers, and anti-competitive behaviors that block foreign goods/services from being competitive in the Chinese market. Tell me, can you hail an Uber in China?

Mutual trust and respect my @ss. What they want is for the US to go back being complacent like we were under Obama, to stay quiet while being bent over a barrel by China.

Well, okay. But you're only right if this works. If it stops China from stealing our IP, undercutting us globally, etc.

It has brought them to the table, hasn't it? Why any American would be against Trump making this effort to fight back against China is a mystery. If you can read Chinese, their discussion forums are a mixture of defiance and worry that the US has finally come to its senses and will substantially reduce the amount of free-loading that China has been able to get away with in the past.

Everyone plays Trump and the conman plays Americans for stupid, this is his REALITY TV. Coming to the table is just a time wasting tactic that everyone is deploying. NK came to the table and nothing happened. Canada and MX came to the table and NOTHING HAPPENED. China came to the table and nothing happened. But the conman has passed a tax cuts for the rich. YAY!

Really? We don't have a new NAFTA 2.0?

Tell us how different and/or better it is than the first NAFTA.

We'll wait.

??? You can google for the differences yourself. The PP claimed that nothing happened. The fact that something happened shows that he is either ignorant, or was lying.

You do know that it hasn't actually been ratified yet, right?

(And no, you don't get to claim that it's substantially different without backing up your claim)

Not ratified is very different from "nothing happened". I am not the original person making the claim that nothing happened. The person making that claim has the burden of proof that nothing was changed between the old and new NAFTA agreements, not for me to prove that something was changed. Again, the PP claimed that nothing happened, either he was ignorant of the facts, or was lying. It's up to the PP to provide proof that "nothing happened".

[Anonymous]

The stock market is not liking the Trump tarriffs.