Trade War with China

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localizer

Colonel
Registered Member
This shows that every time in the past he said things were progressing smoothly, he was lying to the American public to project an image of success. He hoped that in the end, China would concede and all his lies would be covered but now, it's obvious that China will not. That or simply another feeble attempt to put pressure on the Chinese delegation. He should really stop trying to use tricks from his PUBLISHED BOOK written for him by a ghost writer.
Srsly tho the gang needs to be investigated for insider trading.
 
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For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars....

....of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!
 

Xizor

Captain
Registered Member
I don't understand much at this point. esp When Trump claims that China is infact footing the bills. How? Afaik, much of the companies that sell to the America are american companies or american allies's companies who uses China as their final assembly place and source less critical yet important components from. ( Correct me if i'm wrong here .There are bound to be some Chinese origin stuff in TV, Playstation, Alexa speakers, roomba, Cars etc)
So aren't the companies the ones who'd be paying the taxes ? ( who'd later shift the burden to the consumers with less discounts,offers, benefits or price cuts) ? Trump insists that Chinese state pays 21/25 of taxes of 10% of 250 billion worth goods. That translates about 21*0.1*10 = 21 billion. ( I round it to 25 Billion, why not ?)

Is this true? Does the chinese state actually contribute 25 billion as a payment to allow American companies/ American ally companies to maintain their assembly plants in China ? I can't seem to get a good idea about all this.
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But as per above link, this isn't the case. Why would th 45th potus lie? Is he being fed lies or partial ones ? Is there truths to his claim? Why would China want any of this shoddy unfair deal ? A lot many american MSM
claims the trade war to end with Trump actually losing unknowingly.
 

localizer

Colonel
Registered Member
I suppose you could argue that CNY depreciation means Chinese people are paying for it? But that would make China even more competitive in the non-tariffed areas.

Usually wallstreet reigns in crazy tactics, but we'll see.
 
Today at 7:43 PM
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For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars....

....of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!
related:
In abrupt move, Donald Trump says 10 percent China tariffs will rise to 25 percent on Friday
  • Trump announced the move on Twitter, suggesting he was not satisfied with the pace of negotiations
  • Chinese President Xi Jinping’s top trade envoy, Liu He, returns to Washington this week for what could be a closing round of trade talks
Updated: 1:43am, 6 May, 2019
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Tariffs on US$200 billion of Chinese imports will increase to 25 percent from 10 percent on Friday, and another US$325 billion in goods will “soon” be subject to tariffs, US President Donald Trump said on Sunday, in a warning to China as what could be a closing round of takes for a trade deal are set to start in Washington this week.

Trump suggested in announcing the move on Twitter that he was acting because he was not satisfied with the pace of progress in negotiations with China.

“The Trade Deal with China continues, but too slowly, as they attempt to renegotiate,” Trump said in his tweet. “No!”

Chinese President Xi Jinping’s top trade envoy, Liu He, returns to Washington this week for what could be a closing round of trade talks. The White House has ramped up pressure to reach a deal, warning it could still walk away from the months-long negotiations.

Sunday’s announcement casts into doubt previous expectations that China and the United States were closing in on a deal to end a months-long trade war that has slowed global growth and disrupted markets.

Trump and the Chinese president will decide after the negotiations this week whether they will meet to sign off on a pact. White House spokeswoman Sarah Sanders said on Thursday.

Trump imposed duties of 25 percent on an initial US$50 billion of Chinese goods last year and then 10 percent on an additional US$200 billion in products.

Those duties were set to rise to 25 percent on March 1, but Trump delayed that as talks continued.

Trump also said that tariffs paid by China “are partially responsible for our great economic results,” although it is companies that import Chinese goods, not China itself, that pay the bulk of the additional costs.
 

chlosy

Junior Member
Registered Member
Should Liu He and team still make their trip to Washington this week and "negotiate" under duress?
 

gelgoog

Lieutenant General
Registered Member
Another round of Chinese counter sanctions?

I was reading an article the other day stating that exports only made up 18% of the Chinese GDP.
The Chinese could simply cut US LNG and civilian aircraft purchases. Or even better add tariffs.

There is no lack of competition in LNG. Australia, Qatar, Russia, are increasing production facilities.
Saudi Arabia is supposed to start exports in the near future.
 
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