antiterror13
Brigadier
But other president would be more predictable and sane than Trump. He is simply a very loose canon
Trade War with China
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But other president would be more predictable and sane than Trump. He is simply a very loose canon
Game plan for next president will be the same, try to empty out China supply chains by outsource elsewhere.
I am wondering when will China start to attack those US companies in China. Are they gonna wait will $200billion goods taxed at 25% or the next one, tariffed of remaining $267billion.
Alot of folks predict China going to target Apple, because it made the most money. But Apple has alot supply chains in China instead should target those US companies only have sales and application offices and have no manufacturing or design offices in China like Xilinx, Analog Devices, Micron, Microchip, skyworth, Triquint, Broadcom. slap bunch of anti monopoly fines on them.
I was thinking go after Microsoft but they wised up by ditching Intel and plan to use Huawei AI chips in China operation.
Qualcomm also wised up by using SMIC for some of their snapdragon manufacturing.
Alot of folks predict China going to target Apple, because it made the most money. But Apple has alot supply chains in China instead should target those US companies only have sales and application offices and have no manufacturing or design offices in China like Xilinx, Analog Devices, Micron, Microchip, skyworth, Triquint, Broadcom. slap bunch of anti monopoly fines on them.
I was thinking go after Microsoft but they wised up by ditching Intel and plan to use Huawei AI chips in China operation.
Qualcomm also wised up by using SMIC for some of their snapdragon manufacturing.
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Hendrik_2000
Lieutenant General
U.S. has most to lose from trade war, China would benefit: ECB
FRANKFURT (Reuters) - The United States would have most to lose if it started a trade war with other countries, while China would be better off after retaliating, a simulation by the European Central Bank showed on Wednesday.
U.S. President Donald Trump said trade wars were “good, and easy to win” in March as he started a dispute with China that has seen its administration impose tariffs on steel, aluminum and various Chinese products.
The ECB study simulates a 10 percent U.S. tariff on all imports and an equivalent retaliation from other countries. It suggests the United States would bear the brunt of diminished trade and of damage to consumer and investor confidence.
“Estimation results suggest that the United States’ net export position would deteriorate substantially,” the ECB said in the study. “In this model, U.S. firms also invest less and hire fewer workers, which amplifies the negative effect.”
(For a graphic on 'U.S. would bear brunt of trade war to China's benefit' click )
FRANKFURT (Reuters) - The United States would have most to lose if it started a trade war with other countries, while China would be better off after retaliating, a simulation by the European Central Bank showed on Wednesday.
U.S. President Donald Trump said trade wars were “good, and easy to win” in March as he started a dispute with China that has seen its administration impose tariffs on steel, aluminum and various Chinese products.
The ECB study simulates a 10 percent U.S. tariff on all imports and an equivalent retaliation from other countries. It suggests the United States would bear the brunt of diminished trade and of damage to consumer and investor confidence.
“Estimation results suggest that the United States’ net export position would deteriorate substantially,” the ECB said in the study. “In this model, U.S. firms also invest less and hire fewer workers, which amplifies the negative effect.”
(For a graphic on 'U.S. would bear brunt of trade war to China's benefit' click )
Yes, the next president could be more predictable and sane.
But given that Trump has demonstrated that populism now works, what is to say that the next President won't follow the same path?
Remember that the next President will likely start in 6 years time, when the US will have dropped even further down the pecking order. And the continued splintering of the media into numerous echo chambers means that US voters will be even more irrational.
Plus the continued relative decline of the USA will provide ample ammunition for such populism.
Yesterday, for the first time ever at the UN, a US President was publicly mocked and laughed at.
Most likely there won't be any retaliation until after the November elections in the USA.
And I don't see any point in publicly attacking US companies in China.
China is quietly working away to replace as many US products as possible as fast as it can. And the US is too big for Chinese attacks on American companies to succeed politically (unlike Korea or Japan for example)
And remember that those American companies in China are actually defying Trump's call for them to leave China
Maybe Trump's nosense hopefully lead to Bernie Sanders , who seems to be promising , progressive and has countable popoularity. Let's wait and see. Meanwhile , Go Trump Go!
Hendrik_2000
Lieutenant General
Self reliance is the key word harking back to the 50's when China was embargoed by the west Xi invoke the spirit of self reliance. Yup I said blessing in disguise
Xi Jinping says trade war pushes China to rely on itself and ‘that’s not a bad thing’
Factory workers and farmers in China’s rust belt first to hear how the country will respond to rising protectionism
PUBLISHED : Wednesday, 26 September, 2018, 7:45pm
UPDATED : Wednesday, 26 September, 2018, 11:27pm
Chinese President Xi Jinping says rising “unilateralism and protectionism” is forcing China to rely more on itself for development and “it’s not a bad thing”, reflecting a determination to fight a protracted trade war with the US if necessary.
Xi, the most powerful Chinese leader in decades, said it was time for China to cut its dependence on foreign technologies and others in his first clear statement on how China would cope with the trade war.
Speaking from one of China’s biggest state-owned factories, Xi emphasised the value of self-reliance, according to People’s Daily, the mouthpiece of the ruling Communist Party.
“Internationally, it’s becoming more and more difficult [for China] to obtain advanced technologies and key know-how. Unilateralism and trade protectionism are rising, forcing us to adopt a self-reliant approach. This is not a bad thing,” Xi said.
“Rising protectionism” is a euphemistic reference to the tariff conflict between Beijing and Washington.
“Ultimately, China depends on itself” for development, Xi said.
Xi’s comments came two days after Washington escalated the trade war by imposing tariffs on another US$200 billion of Chinese imports and China retaliated by covering US$60 billion US products with tariffs.
Trade talks originally scheduled for this week were called off as Beijing refused to talk when the US “is putting a knife to its throat”.
The Chinese government on Monday issued a lengthy white paper blaming Washington for trade bullying against China and denied US allegations that China has been using unfair trade practices or engaging in “theft” of technologies from US businesses.
Xi made the comments during a visit to China First Heavy Industries, a state-owned machinery maker in Qiqihar of the northeastern province of Heilongjiang – a factory which can trace its roots to the early 1950s, when it weathered China’s worst economic days of isolation from the rest of the world.
Ding Yifan, a senior researcher with Tsinghua University’s National Strategy Institute, said Xi’s emphasis on “self-reliance” showed that Beijing was ready to dig in its heels.
“The spirit of self-reliance is the same as the old days,” said Ding. “But the implications can be very different – if China can weather the trade war to secure a leading edge in technology and manufacturing, China will become number one and invincible.”
Xi said China was a big country which must “depend on itself for food supply, depend on itself for economic development, and depend on itself for manufacturing”.
According to pictures published by People’s Daily, Xi addressed a group of uniformed workers and was accompanied by his aides, including vice-premier Liu He, China’s chief trade negotiator.
Xi said China “has never been so close” to its two centenary goals to make China “a moderately prosperous society” by 2021, the 100th anniversary of the Chinese Communist Party, and “a modern socialist country that is prosperous and strong” by 2049, the 100th anniversary of the People’s Republic.
As China moved closer to its national rejuvenation goal, Xi said the country had also never encountered “so many challenges and difficulties”, People’s Daily reported.
Ding Shuang, chief China economist at Standard Chartered, said Xi's speech “sounds like a political oath to boost public confidence during the tough time of trade war” but it did not mean China would reverse its opening-up policy.
Ding said China had no choice but to rely more on itself in hi-tech fields since the doors for its acquisition of advanced technologies from others were closing.
Xi's emphasis on self-reliance did not contradict Beijing's advocacy of free trade and “China still needs to attract investment and apply its comparative advantages on exports,” Ding said.
The China First Heavy Industries visit was one leg of Xi’s tour to Heilongjiang, the province which borders Russia and is part of China’s Manchurian rust-belt. It is a cradle for China’s heavy industries and a “bread basket” for the whole country – the province accounts for half of China’s output of soybean, a key commodity for which China relies on imports to meet its domestic need.
“For farmers in Heilongjiang, they can actually gain from the trade war,” said Tsinghua University’s Ding.
“The soybean and corn farming there were hit hard by imported products, now the significance of local output is growing amid a trade war.”
Xi also toured the Qiche Group on Tuesday, a subsidiary of China’s state-owned railway car maker CRRC Group, and visited the railway freight car testing and research centre there.
Xi said equipment manufacturing was vital for the country and China must make its manufacturing capabilities stronger. In addition, Xi said the “Belt and Road Initiative” would offer opportunities for the local machinery and equipment making industry, according to People’s Daily.
On Monday, Xi visited one of the state-owned farms in Heilongjiang and inspected rice fields, according to the official Xinhua news agency.
He flagged the importance of self-reliance there as well, saying China must ensure a firm grip of its own “rice bowl”, – and mainly rely on domestic output for its food supply.
Separately, China’ s State Council on Wednesday decided to cut import tariffs on 1,585 items from November 1.
According to a government statement, China’s average tariff level will be reduced to 7.5 per cent after the new round of cuts from 9.8 per cent on last year.
Among the cuts, the average tariff rate on electromechanical equipment imports will be reduced to 8.8 per cent from 12.2 per cent while tariffs on textiles and building materials will be cut to 8.4 per cent from 11.5 per cent.
Xi Jinping says trade war pushes China to rely on itself and ‘that’s not a bad thing’
Factory workers and farmers in China’s rust belt first to hear how the country will respond to rising protectionism
PUBLISHED : Wednesday, 26 September, 2018, 7:45pm
UPDATED : Wednesday, 26 September, 2018, 11:27pm
Chinese President Xi Jinping says rising “unilateralism and protectionism” is forcing China to rely more on itself for development and “it’s not a bad thing”, reflecting a determination to fight a protracted trade war with the US if necessary.
Xi, the most powerful Chinese leader in decades, said it was time for China to cut its dependence on foreign technologies and others in his first clear statement on how China would cope with the trade war.
Speaking from one of China’s biggest state-owned factories, Xi emphasised the value of self-reliance, according to People’s Daily, the mouthpiece of the ruling Communist Party.
“Internationally, it’s becoming more and more difficult [for China] to obtain advanced technologies and key know-how. Unilateralism and trade protectionism are rising, forcing us to adopt a self-reliant approach. This is not a bad thing,” Xi said.
“Rising protectionism” is a euphemistic reference to the tariff conflict between Beijing and Washington.
“Ultimately, China depends on itself” for development, Xi said.
Xi’s comments came two days after Washington escalated the trade war by imposing tariffs on another US$200 billion of Chinese imports and China retaliated by covering US$60 billion US products with tariffs.
Trade talks originally scheduled for this week were called off as Beijing refused to talk when the US “is putting a knife to its throat”.
The Chinese government on Monday issued a lengthy white paper blaming Washington for trade bullying against China and denied US allegations that China has been using unfair trade practices or engaging in “theft” of technologies from US businesses.
Xi made the comments during a visit to China First Heavy Industries, a state-owned machinery maker in Qiqihar of the northeastern province of Heilongjiang – a factory which can trace its roots to the early 1950s, when it weathered China’s worst economic days of isolation from the rest of the world.
Ding Yifan, a senior researcher with Tsinghua University’s National Strategy Institute, said Xi’s emphasis on “self-reliance” showed that Beijing was ready to dig in its heels.
“The spirit of self-reliance is the same as the old days,” said Ding. “But the implications can be very different – if China can weather the trade war to secure a leading edge in technology and manufacturing, China will become number one and invincible.”
Xi said China was a big country which must “depend on itself for food supply, depend on itself for economic development, and depend on itself for manufacturing”.
According to pictures published by People’s Daily, Xi addressed a group of uniformed workers and was accompanied by his aides, including vice-premier Liu He, China’s chief trade negotiator.
Xi said China “has never been so close” to its two centenary goals to make China “a moderately prosperous society” by 2021, the 100th anniversary of the Chinese Communist Party, and “a modern socialist country that is prosperous and strong” by 2049, the 100th anniversary of the People’s Republic.
As China moved closer to its national rejuvenation goal, Xi said the country had also never encountered “so many challenges and difficulties”, People’s Daily reported.
Ding Shuang, chief China economist at Standard Chartered, said Xi's speech “sounds like a political oath to boost public confidence during the tough time of trade war” but it did not mean China would reverse its opening-up policy.
Ding said China had no choice but to rely more on itself in hi-tech fields since the doors for its acquisition of advanced technologies from others were closing.
Xi's emphasis on self-reliance did not contradict Beijing's advocacy of free trade and “China still needs to attract investment and apply its comparative advantages on exports,” Ding said.
The China First Heavy Industries visit was one leg of Xi’s tour to Heilongjiang, the province which borders Russia and is part of China’s Manchurian rust-belt. It is a cradle for China’s heavy industries and a “bread basket” for the whole country – the province accounts for half of China’s output of soybean, a key commodity for which China relies on imports to meet its domestic need.
“For farmers in Heilongjiang, they can actually gain from the trade war,” said Tsinghua University’s Ding.
“The soybean and corn farming there were hit hard by imported products, now the significance of local output is growing amid a trade war.”
Xi also toured the Qiche Group on Tuesday, a subsidiary of China’s state-owned railway car maker CRRC Group, and visited the railway freight car testing and research centre there.
Xi said equipment manufacturing was vital for the country and China must make its manufacturing capabilities stronger. In addition, Xi said the “Belt and Road Initiative” would offer opportunities for the local machinery and equipment making industry, according to People’s Daily.
On Monday, Xi visited one of the state-owned farms in Heilongjiang and inspected rice fields, according to the official Xinhua news agency.
He flagged the importance of self-reliance there as well, saying China must ensure a firm grip of its own “rice bowl”, – and mainly rely on domestic output for its food supply.
Separately, China’ s State Council on Wednesday decided to cut import tariffs on 1,585 items from November 1.
According to a government statement, China’s average tariff level will be reduced to 7.5 per cent after the new round of cuts from 9.8 per cent on last year.
Among the cuts, the average tariff rate on electromechanical equipment imports will be reduced to 8.8 per cent from 12.2 per cent while tariffs on textiles and building materials will be cut to 8.4 per cent from 11.5 per cent.
Couple effects
1)Still too many Chinese companies slow to adopt domestic tech. Banning US tech will fasten the adoption of domestic tech
2)To get even, take away Chinese market, half of US semiconductor tech companies will die.
For those US companies have only sales and application offices, what good is it for China??
Better for them to leave.
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