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Treasured Social Butterfly
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Re: Trade wars are good, and easy to win’

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Message 21 of 43

@NOTHAPPENING wrote:

@Richva wrote:

@gordyfl wrote:

China allowing their currency to de-value will hurt the Chinese people a little. Not so much if they buy products Made in China, which they already do, and will probably do more so now.

With the Yuan lower, China will have an advantage over the US selling their goods to other countries (They'll be cheaper). This also applies to American companies in Taiwan, Vietnam, Mexico, and so on.

If the US Dollar de-valued it would be more of a shock for Americans since the American consumers rely heavily on imports - imports with American brand names.

China seems to be determined to win this trade war.


Yes. I am reading that China is convinced that Trump can not be trusted to actually make a deal.  Either through incompetence or because he lets Fox and his base determine the terms of any deal.  That changes daily. The Chinese are staying in a holding pattern until after the 2020 elections. They are patient and have long memories.  My guess is they will do all they can to cause Trump to look bad for reelection.  


There's no holding pattern since China knows that Trump will occupy the Presidency until 2024.  There's no chance of one of the giveaway artists winning!


Yep. no chance at all......unless China causes a ton more pain to our agricultural base or if they unfairly compete with other American exports.  Maybe when the flood our appliance and auto markets with products built with non-tariff steel (and thus cheaper)?

 

Maybe if Angela Merkel talks about what a moron Trump really is as part of her farewell speech.  Maybe if Emmanuel Macron talks about how untrustworthy he thinks Trump is.  Maybe after Nancy refuses to ratify the renamed NAFTA and Trump has to face all the constituents he screwed by not being able to complete any deals? 

 

Oh, the list of what is going to happen next year is endless. 

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Valued Social Butterfly
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Re: Trade wars are good, and easy to win’

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Message 22 of 43

@Richva wrote:

@gordyfl wrote:

China allowing their currency to de-value will hurt the Chinese people a little. Not so much if they buy products Made in China, which they already do, and will probably do more so now.

With the Yuan lower, China will have an advantage over the US selling their goods to other countries (They'll be cheaper). This also applies to American companies in Taiwan, Vietnam, Mexico, and so on.

If the US Dollar de-valued it would be more of a shock for Americans since the American consumers rely heavily on imports - imports with American brand names.

China seems to be determined to win this trade war.


Yes. I am reading that China is convinced that Trump can not be trusted to actually make a deal.  Either through incompetence or because he lets Fox and his base determine the terms of any deal.  That changes daily. The Chinese are staying in a holding pattern until after the 2020 elections. They are patient and have long memories.  My guess is they will do all they can to cause Trump to look bad for reelection.  


There's no holding pattern since China knows that Trump will occupy the Presidency until 2024.  There's no chance of one of the giveaway artists winning!

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Treasured Social Butterfly
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Re: Trade wars are good, and easy to win’

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Message 23 of 43

@gordyfl wrote:

China allowing their currency to de-value will hurt the Chinese people a little. Not so much if they buy products Made in China, which they already do, and will probably do more so now.

With the Yuan lower, China will have an advantage over the US selling their goods to other countries (They'll be cheaper). This also applies to American companies in Taiwan, Vietnam, Mexico, and so on.

If the US Dollar de-valued it would be more of a shock for Americans since the American consumers rely heavily on imports - imports with American brand names.

China seems to be determined to win this trade war.


Yes. I am reading that China is convinced that Trump can not be trusted to actually make a deal.  Either through incompetence or because he lets Fox and his base determine the terms of any deal.  That changes daily. The Chinese are staying in a holding pattern until after the 2020 elections. They are patient and have long memories.  My guess is they will do all they can to cause Trump to look bad for reelection.  

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Treasured Social Butterfly
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Re: Trade wars are good, and easy to win’

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Message 24 of 43

China allowing their currency to de-value will hurt the Chinese people a little. Not so much if they buy products Made in China, which they already do, and will probably do more so now.

With the Yuan lower, China will have an advantage over the US selling their goods to other countries (They'll be cheaper). This also applies to American companies in Taiwan, Vietnam, Mexico, and so on.

If the US Dollar de-valued it would be more of a shock for Americans since the American consumers rely heavily on imports - imports with American brand names.

China seems to be determined to win this trade war.

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Treasured Social Butterfly
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Re: ‘Trade wars are good, and easy to win’

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Message 25 of 43

Tariffs are taxes which are passed along to the American people in the form of higher prices.

Whenever we talk about establishing a living minimum wage, the Regressives claim every dollar (and more) will be passed along to the consumer. When Trump's trade war places tariffs on the same products, they seem to feel the Chinese will be hurt. 

 

Can't have economics both ways. 

 

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Trusted Social Butterfly
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Trade wars are good, and easy to win’

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Message 26 of 43

The following is targeted only at those who want to understand the true impact of tariffs. 

 

"What is the impact on countries targeted with tariffs?

 

Tariffs hurt exporters by making their products more expensive. They could struggle to maintain their sales, which could cause profits to fall and, potentially, the country’s economy to shrink"

 

"Tariffs also act as an economic drag in the countries using them. When consumers bear the brunt of tariff costs, it makes them effectively poorer because prices are higher. Many economists agree that this has been the result of the wave of U.S. tariffs implemented in 2018."

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Re: Trade wars are good, and easy to win’

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Message 27 of 43

CriticalThinking:   PanJ never learns her lesson, as she continually utilizes facts and logic when debating with Trump cult members. 

 

 

True, but one can hope that with enough repetition they will learn something.

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Trade wars are good, and easy to win’

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Message 28 of 43

PanJ never learns her lesson, as she continually utilizes facts and logic when debating with Trump cult members. 

 

"Nice fantasy Ed, but not true. American consumers end up paying, not the Chinese government as Trump wants you to believe."

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Re: ‘Trade wars are good, and easy to win’

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Message 29 of 43

Olderscout:   4. Cadet Bonespurs is so abysmally stupid he thinks the money comes from the Chinese.

 

 

Whether Trump is actually that stupid or not, he depends on his followers believing it. What does that tell you?

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Re: ‘Trade wars are good, and easy to win’

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Message 30 of 43

easyed598:  The 30 billion will be paid for by the billions paid by the chinese with the new tarrifs imposed on them.

 

 

 

 

Nice fantasy Ed, but not true. American consumers end up paying, not the Chinese government as Trump wants you to believe.

 

 

CHICAGO (Reuters) - With U.S. President Donald Trump’s announcement on Thursday of tariffs on another $300 billion of Chinese imports, nearly all goods from China will be subject to import taxes, and Trump says they generate billions of dollars in revenues for the U.S. Treasury from China.

 

But that is not how tariffs work. China’s government and companies in China do not pay U.S. tariffs directly. Tariffs are a tax on imported products and are paid by U.S.-registered firms to U.S. customs when goods enter the United States.

Importers often pass the costs of tariffs on to customers - manufacturers and consumers in the United States - by raising their prices. U.S. business executives and economists say U.S. consumers

foot much of the tariff bill.

 

https://www.reuters.com/article/us-usa-trade-china-tariffs-explainer/explainer-trumps-china-tariffs-...

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