Trade War with China
- Thread starter Ultra
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but seriously they really love Trump
Well, it looks like the Chinese are going on the offensive:
China files complaint to WTO against U.S. proposed tariff on Chinese goods
Reuters Staff
BEIJING (Reuters) - China’s commerce ministry said on Monday it had filed a complaint to the World Trade Organization (WTO) regarding Washington’s proposed tariff list on $200 billion worth of Chinese goods on July 16.
On the other hand, the US has responded in the same way to China and also included other countries on its target list:
US files trade cases at WTO against five trading partners
BY - 07/16/18 12:39 PM EDT
7,465
The United States on Monday launched five separate trade disputes at the World Trade Organization (WTO) challenging trade partners' retaliatory tariffs.
U.S. Trade Representative said the U.S. is filing cases against China, the European Union, Canada, Mexico and Turkey after each imposed new tariffs on U.S. exports in response to slapping steep tariffs on aluminum and steel over national security interests.
China files complaint to WTO against U.S. proposed tariff on Chinese goods
Reuters Staff
BEIJING (Reuters) - China’s commerce ministry said on Monday it had filed a complaint to the World Trade Organization (WTO) regarding Washington’s proposed tariff list on $200 billion worth of Chinese goods on July 16.
On the other hand, the US has responded in the same way to China and also included other countries on its target list:
US files trade cases at WTO against five trading partners
BY - 07/16/18 12:39 PM EDT
7,465
The United States on Monday launched five separate trade disputes at the World Trade Organization (WTO) challenging trade partners' retaliatory tariffs.
U.S. Trade Representative said the U.S. is filing cases against China, the European Union, Canada, Mexico and Turkey after each imposed new tariffs on U.S. exports in response to slapping steep tariffs on aluminum and steel over national security interests.
At first, the US wants to leave the WTO (link to the report is ) and claimed that that the WTO can't handle their problems with China (link to the report is). Now, they want to use the WTO against China after the Chinese filed a complaint to them. In my opinion, the US's response to China's complaint shows how inconsistent and short sighted the Trump administration is. In addition, this also shows that the administration cannot handle China at all
Equation
Lieutenant General
Some knock offs are made in China, but I don't know about the rest.
Tariffs and Trade Intervention
Limiting the discussion of the impact of U.S. tariffs on U.S. consumers is usually the result of either a very poor understanding of trade or a tendency to treat trade ideologically. I have often argued that U.S. President Donald Trump’s proposed tariffs on Chinese and other foreign goods will not reduce U.S. trade imbalances and are unlikely to be positive for the U.S. economy. But to oppose these tariffs on the grounds that they will raise the cost of consumption is silly. That is not why they will prove ineffective.
In fact, it is precisely because tariffs will have so small a net impact on the cost of consumption that they will not benefit the U.S. economy. If tariffs could successfully reduce the U.S. trade deficit, only then would they raise consumer costs. But in that case, even with higher consumer prices, American households would overall still be better off because they would more than make up for higher consumer prices with lower unemployment, higher wages, less income inequality, and/or less debt.
Jura The idiot
General
how is it going?
I had enough
Trade War with China
after I had reported Ultra, Sunday at 2:57 PM
and nothing happened
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