Trade War with China

Status
Not open for further replies.

hkbc

Junior Member
Thanks Brother for the like, I really didn't expect any here, I do understand that everybody is upset, and to be honest, I'm NOT saying I think this is a winning strategy,, but it is at least a strategy,,, and while one commenter stated that Trump is likely "bluffing",, its NOT bluffing when those tariffs are actually imposed. A bluff is like the last administrations "red line in the sand", when you say something and have NO intention of following through..

As I stated previously, its fairly obvious that the President intends to reset what he feels are very poor trading terms.. to be honest, I think President Xi and President Trump likely respect one another, and I believe that they will "get it figured out",, I think the tariffs are honestly just the President calling a "foul".

It happens in every basketball game? (I know some of you are basketball fans),, sometimes the ref gives you the ball, other times he gives you a free throw or two? so in short, I'm sure President Trump and President Xi are talking,,, and I think before its all over, everybody might be more satisfied with the terms of our trade agreements..

that's all, I don't think this is "deal breaker", I think its a "deal maker", and I'm sure President Trump has a positive outcome in mind, lets wait and see??

Have to admit to never having watched an NBA game so may be it's different! but I don't remember anything in the rules of basketball where one of the coaches half way through a game can unilaterally decide the other team is too good at shooting from beyond the 3 point line, call them a bunch of cheats get some of his guys out and move the other team's 3 point line 25% further down the court to make it "fair" and "reset" the match. When the other team suggests you can't just change things yourself that's the referee's job and you should move your 3 point line too, if those are the rules, you just turn round and claim all the refs are biased so we had to do it our selves! Fans of sporting teams are a strange breed and I suppose if it got their team to win something it must be good, I mean all the previous loser coaches played by the same rules as everybody else and lost 'bigly'! Perhaps the issue is more to do with getting your team to hit the gym a bit harder, less donuts more quinoa.

As I said not seen an NBA game so don't know if that's the norm, but I'd hate to be bookmaker stateside if it was!
 

manqiangrexue

Brigadier
Thanks Brother for the like, I really didn't expect any here, I do understand that everybody is upset, and to be honest, I'm NOT saying I think this is a winning strategy,, but it is at least a strategy,,, and while one commenter stated that Trump is likely "bluffing",, its NOT bluffing when those tariffs are actually imposed. A bluff is like the last administrations "red line in the sand", when you say something and have NO intention of following through..

As I stated previously, its fairly obvious that the President intends to reset what he feels are very poor trading terms.. to be honest, I think President Xi and President Trump likely respect one another, and I believe that they will "get it figured out",, I think the tariffs are honestly just the President calling a "foul".

It happens in every basketball game? (I know some of you are basketball fans),, sometimes the ref gives you the ball, other times he gives you a free throw or two? so in short, I'm sure President Trump and President Xi are talking,,, and I think before its all over, everybody might be more satisfied with the terms of our trade agreements..

that's all, I don't think this is "deal breaker", I think its a "deal maker", and I'm sure President Trump has a positive outcome in mind, lets wait and see??
Yeah, it's at least a strategy, and so is slamming your head into a brick wall until the wall breaks LOL

Problem here is that Trump's not calling foul when the rules are broken; he's calling foul when the other team scores, and he's asking for "fair and reciprocal" basketball, where the two teams must take turns scoring so that the end result is a tie LOL
 
now I read
Chinese vice premier urges U.S. to maintain stability of bilateral trade
Xinhua| 2018-03-24 11:29:44
Please, Log in or Register to view URLs content!

Chinese Vice Premier Liu He had a phone conversation with U.S. Treasury Secretary Steven Mnuchin Saturday morning, urging concerted efforts to maintain the stability of China-U.S. trade ties.

During their conversation, Mnuchin briefed the Chinese side on the latest development of Section 301 investigation report released by the U.S. side.

Liu, for his part, noted the report violates global trade rules, and is detrimental to the interests of China, the United States as well as the whole world.

The Chinese side is ready and capable of safeguarding its national interests, said Liu, who is also a member of the Political Bureau of the Communist Party of China Central Committee, director of the General Office of the Central Leading Group for Financial and Economic Affairs and the leader of the Chinese side in the bilateral Comprehensive Economic Dialogue.

He expressed the hope that the two sides will stay rational and work together to maintain the overall stability of their economic and trade relations.

The two sides agreed to maintain communication over the issue.
 

Shaolian

Junior Member
Registered Member
I think America might be a gone case now. But to give them the benefit of the doubt, we could say it's just them doing what they think it's best for themselves.

But China, and the rest of the rational world cannot wait indefinitely for the US to wake up and smell the coffee. So, more focus for the Belt and Road. And prepare to push back any silly ideas that the US military might have.
 

ougoah

Brigadier
Registered Member
Yeah, it's at least a strategy, and so is slamming your head into a brick wall until the wall breaks LOL

Problem here is that Trump's not calling foul when the rules are broken; he's calling foul when the other team scores, and he's asking for "fair and reciprocal" basketball, where the two teams must take turns scoring so that the end result is a tie LOL

Well the US can't compete like for like in this game so taking this option is actually fair. They can refuse to engage in how trade is currently conducted, and they are entitled to setting up so called trade wars. The issue here is they want to change to rules to make it more favourable to the US and less so to China. However the ball is in China's court and China can retaliate and pull the rules back into China's favour. The main reason trade wars are disliked is because it ends up hurting both sides in different ways. But seeing as the US thinks it does not benefit them, they may as well call the foul since it's not going to be better either way. Seems like the US is increasingly getting tense re. China. Could be tough times ahead. Thucydides trap probably can't be evaded. This time, weapons have the potential to end the world. Most interesting Thucydides trap yet!
 

ougoah

Brigadier
Registered Member
I think America might be a gone case now. But to give them the benefit of the doubt, we could say it's just them doing what they think it's best for themselves.

But China, and the rest of the rational world cannot wait indefinitely for the US to wake up and smell the coffee. So, more focus for the Belt and Road. And prepare to push back any silly ideas that the US military might have.

US is far from a "gone case". So very far. We'll see more policies aimed at hindering China from the US in the future. There's much more ground for US to lose before they smell the coffee. Settle in, things are just starting.
 
now I read
Experts: Trump’s decision on trade tariffs ‘backward-oriented’
Updated 2018-03-25 21:59 GMT+8
Please, Log in or Register to view URLs content!

The US decision to increase tariffs on selected Chinese imports is a hot topic at this year’s China Development Forum (CDF) in Beijing.

One of the participants, Heinrich Hiesinger, CEO of German multinational conglomerate Thyssenkrupp, described the decision by President Donald Trump as “backward-oriented.”

"It’s a wrong decision because free trade is beneficial for all the major countries, China, Germany or the US. So I think it's a wrong statement," Hiesinger said.

Professor Michael Spence of New York University, a Nobel laureate in economics, holds a similar view, warning the situation could get out of hand.

Even though Spence holds a “cautiously optimistic” attitude on the China-US trade relationship, he admitted that “it’s not great.” From his perspective, Trump “hasn’t done anything much for the people who elected him.”

Spence is not the only one who feels Trump’s focus is wrong.

“There's a threat, but he's not surrounded by economists; he's surrounded by people who are concerned primarily about national security," Rob Johnson, president of the Institute of New Economic Thinking, told CGTN.

"I think that Trump has promised Americans that he’s going to address ‘foreign evils’ – that’s not really what’s going on here. ”

Based on Johnson’s words, China has moved up in the value chain, so the nature of the China-US relationship is changing.

Tariffs on imported aluminum or steel? It’s not the real focus, just a side effect, he said.

What’s the real story behind Trump’s decision? Technology transfer is the real focus, while concerns about national security and the dwindling gap between China and the US also add fuels to the flames, Johnson continued.

In his mind, there is frustration among American tech companies who've done the tech transfer to China without gaining market share as expected.

Hugo Shong, global chairman of IDG Capital, said that the US administration focuses more on resolving short-term issues, such as creating more jobs and eliminating trade deficit, while China prefers to look at long-term development. And that makes the divergence.

In that case, he said that the ongoing “confrontation” provides a good opportunity for both leaders to sit down and negotiate on friendly and equal terms.
 

navip635

New Member
Registered Member
Can't vouch for it's authenticity, haven't read it anywhere else.
Looks like lots of garbage jobs coming home to US
Please, Log in or Register to view URLs content!



US demands China reconsider ‘catastrophic’ ban on importing foreign garbage & recyclables
Published time: 25 Mar, 2018 02:12Edited time: 25 Mar, 2018 03:45
5ab7012edda4c8f35a8b4577.jpg

© Fred Prouser / Reuters
  • 3940
  • 6
Amid fears of a potentially devastating trade war between the US and China, Washington has urged Beijing not to implement the ban on US garbage and recyclable materials that Asia’s giant threatened to impose last July.
In an effort to battle the "illegal foreign garbage" influx into China, last July China’s Ministry of Environmental Protection
Please, Log in or Register to view URLs content!
the World Trade Organization (WTO) that it plans to ban imports of 24 types of solid waste materials, such as soda bottles, mixed paper, recycled steel and newsprint. Despite the threat to implement the ban by the end of the year, the document stated that the“proposed date of adoption” is “to be determined.”

Read more
Please, Log in or Register to view URLs content!

Concerned over the massive impact the ban could have on the US economy, on Friday the US trade representative urged China to re-examine its decision.

“We request that China immediately halt implementation and revise these measures in a manner consistent with existing international standards for trade in scrap materials, which provide a global framework for transparent and environmentally sound trade in recycled commodities,”the US spokesperson noted at the WTO Council for Trade in Goods session in Geneva.

“China’s import restrictions on recycled commodities have caused a fundamental disruption in global supply chains for scrap materials, directing them away from productive reuse and toward disposal,” the trade representative pointed out, according to Reuters.

Washington’s demand came a day after President Donald Trump ordered the US Trade Representative (USTR) to levy tariffs on at least $50 billion of Chinese imports. Although the USTR was given 15 days by Trump to propose a list of Chinese products that will be targeted, China’s commerce ministry has already threatened to take legal action against the US through the WTO. The country is also contemplating targeting 128 American products through an imposition of harsh import tariffs.

The Chinese Foreign Ministry also made clear that it has all the necessary means to engage in a trade war with the US but urged Washington to reconsider its aggressive economic policy. Beijing warned that “the American consumers and enterprises will bear the brunt” of a trade war with China.

China is by far the biggest importer of US recyclables. Banning US junk imports will have a catastrophic impact on the US labor market and will drive up waste management costs. According to the US Institute of Scrap Recycling Industries (ISRI), in 2016 alone American scrap exports to China totaled $5.6 billion and provided the industry with 155,000 jobs. While the Chinese representative at the meeting in Geneva on Friday agreed to relate the US-voiced concerns to Beijing, the envoy still noted that, ultimately, individual countries are responsible for their own waste.

If the Asian giant closes off its waste management market, recycling centers across the US will be faced with a hard choice. They can either hire a much more expensive workforce which would raise prices for their services, require households to sort their own waste or be forced to use more landfills across all fifty US states.

The most viable option would be to redirect the flows of US garbage into third countries, which, however, may not have facilities for safe recycling. This would raise concerns over potential environmental damage, the EU’s representative noted at the WTO meeting.

“In any given year, approximately one-third of the scrap recycled in the United States is prepared for shipment to the export market, and China is the recycling industry's largest customer,” ISRI President Robin Wiener
Please, Log in or Register to view URLs content!
China Daily earlier.“This includes more than $1.9 billion in scrap paper and $495 million in scrap plastics. A ban on imports of scrap commodities into China would be catastrophic to the recycling industry.”
 

manqiangrexue

Brigadier
Can't vouch for it's authenticity, haven't read it anywhere else.
Looks like lots of garbage jobs coming home to US
Please, Log in or Register to view URLs content!



US demands China reconsider ‘catastrophic’ ban on importing foreign garbage & recyclables
Published time: 25 Mar, 2018 02:12Edited time: 25 Mar, 2018 03:45
5ab7012edda4c8f35a8b4577.jpg

© Fred Prouser / Reuters
  • 3940
  • 6
Amid fears of a potentially devastating trade war between the US and China, Washington has urged Beijing not to implement the ban on US garbage and recyclable materials that Asia’s giant threatened to impose last July.
In an effort to battle the "illegal foreign garbage" influx into China, last July China’s Ministry of Environmental Protection
Please, Log in or Register to view URLs content!
the World Trade Organization (WTO) that it plans to ban imports of 24 types of solid waste materials, such as soda bottles, mixed paper, recycled steel and newsprint. Despite the threat to implement the ban by the end of the year, the document stated that the“proposed date of adoption” is “to be determined.”

Read more
Please, Log in or Register to view URLs content!

Concerned over the massive impact the ban could have on the US economy, on Friday the US trade representative urged China to re-examine its decision.

“We request that China immediately halt implementation and revise these measures in a manner consistent with existing international standards for trade in scrap materials, which provide a global framework for transparent and environmentally sound trade in recycled commodities,”the US spokesperson noted at the WTO Council for Trade in Goods session in Geneva.

“China’s import restrictions on recycled commodities have caused a fundamental disruption in global supply chains for scrap materials, directing them away from productive reuse and toward disposal,” the trade representative pointed out, according to Reuters.

Washington’s demand came a day after President Donald Trump ordered the US Trade Representative (USTR) to levy tariffs on at least $50 billion of Chinese imports. Although the USTR was given 15 days by Trump to propose a list of Chinese products that will be targeted, China’s commerce ministry has already threatened to take legal action against the US through the WTO. The country is also contemplating targeting 128 American products through an imposition of harsh import tariffs.

The Chinese Foreign Ministry also made clear that it has all the necessary means to engage in a trade war with the US but urged Washington to reconsider its aggressive economic policy. Beijing warned that “the American consumers and enterprises will bear the brunt” of a trade war with China.

China is by far the biggest importer of US recyclables. Banning US junk imports will have a catastrophic impact on the US labor market and will drive up waste management costs. According to the US Institute of Scrap Recycling Industries (ISRI), in 2016 alone American scrap exports to China totaled $5.6 billion and provided the industry with 155,000 jobs. While the Chinese representative at the meeting in Geneva on Friday agreed to relate the US-voiced concerns to Beijing, the envoy still noted that, ultimately, individual countries are responsible for their own waste.

If the Asian giant closes off its waste management market, recycling centers across the US will be faced with a hard choice. They can either hire a much more expensive workforce which would raise prices for their services, require households to sort their own waste or be forced to use more landfills across all fifty US states.

The most viable option would be to redirect the flows of US garbage into third countries, which, however, may not have facilities for safe recycling. This would raise concerns over potential environmental damage, the EU’s representative noted at the WTO meeting.

“In any given year, approximately one-third of the scrap recycled in the United States is prepared for shipment to the export market, and China is the recycling industry's largest customer,” ISRI President Robin Wiener
Please, Log in or Register to view URLs content!
China Daily earlier.“This includes more than $1.9 billion in scrap paper and $495 million in scrap plastics. A ban on imports of scrap commodities into China would be catastrophic to the recycling industry.”
Americans are funny as hell recently. First they ask Russia to not sell S-400 to China. Then, they ask China to come up with a plan to reduce its own trade surplus with the US by $1 billion, later revised to $100 billion. Now they have Lighthizer give a speech about designing tariffs to "inflict maximum damage" onto China while simultaneously asking China not to ban junk imports from the US because that would do too much damage to the US LOL. You can't make this up!
 

hkbc

Junior Member
Seems to be a story by Reuters,
Please, Log in or Register to view URLs content!


bit early for April's fool!

Can't vouch for it's authenticity, haven't read it anywhere else.

If the Asian giant closes off its waste management market, recycling centers across the US will be faced with a hard choice. They can either hire a much more expensive workforce which would raise prices for their services, require households to sort their own waste or be forced to use more landfills across all fifty US states.

But if true, you have to wonder what happens in a US recycling center do they just crate up the stuff and ship it abroad? hardly 'recycling'

Also that's a text book definition of a "first world problem" I mean what kind of world are we living in, when you're expected to sort your own crap instead of just dumping it abroad, really what is the world coming to. :)

But to the topic in question isn't this yet another prime example of unfair Chinese trade practices, I mean banning the import of Made in America goods! :rolleyes: Who knows, there's probably National Security issues and IP theft involved too!
 
Status
Not open for further replies.
Top