I wonder if China's influence will prop up Mexico's economy if we decide to start trading more with them than the Americans.
If the man wasn't so stupid, I would say he was going out of his way to target his people
lol
Are Trump and GOP ready to be racist to Asians in response now?
Why do you think this happened in the first place?lol
Are Trump and GOP ready to be racist to Asians in response now?
If the man wasn't so stupid, I would say he was going out of his way to target his people
The Wall Street Journal @WSJ
China's countermeasures include levies targeting U.S. agricultural exports from Farm Belt states
Pig farming is big business around here. See plenty of Trump stickers around here. Whoops.
The Dow lost what, like 700 points today? Think we'll double that tomorrow?
probably in the next 30 days, tariffs won't be in effect immediatelyThe Dow lost what, like 700 points today? Think we'll double that tomorrow?
They know who buys what.Do those farmers know China buys their pork? Or do they just assume it's all Americans that are buying it? Do they even know their pork may be purchased by other countries?
Do those farmers know China buys their pork? Or do they just assume it's all Americans that are buying it? Do they even know their pork may be purchased by other countries?
Pig farming is big business around here. See plenty of Trump stickers around here. Whoops.
You have it backwards. They'd add the tariff to pork imported from the United States.Pork seems like a weird one. At a glance the US is not a major importer of Chinese pork.
Cue the leaked phone call of Trump telling Chinese president he's not actually going to raise tariff and asking him to tone it down because this is just a big show ala Mexican president phone call.
That's not how this works.Pork seems like a weird one. At a glance the US is not a major importer of Chinese pork.
China might demand their money back... all $1.17 trillion of it.
Haha you caught it before my edit, thought I had made it in time too.You have it backwards. They'd add the tariff to pork imported from the United States.
Pig farming is big business around here. See plenty of Trump stickers around here. Whoops.
Well, it's not as cut and dry, since the Chinese likes to import what you consider waste products: organs, ear, snout, feet. You're right that the pig farmers will lose the most from this though.Nah should be cheaper for us since there should be a surplus since they won't sell as much in China. We'll win the people selling the pork'll lose.
Nah should be cheaper for us since there should be a surplus since they won't sell as much in China. We'll win the people selling the pork'll lose.
Wait, I know US don't eat those parts but they just let it go to waste? I actually though that they will be turned into meat paste or something.Well, it's not as cut and dry, since the Chinese likes to import what you consider waste products: organs, ear, snout, feet. You're right that the pig farmers will lose the most from this though.
That's not how this works. They're not going to flood the market with pork to drive the price down on their own. They cut back production, which means less labor, which means fewer jobs.
Well, it's not as cut and dry, since the Chinese likes to import what you consider waste products: organs, ear, snout, feet. You're right that the pig farmers will lose the most from this though.
none of that stuff goes to waste but china was buying in big numbers which allowed them to raise prices. if china drops out they will have to lower the prices and make less money off of each pig now.Wait, I know US don't eat those parts but they just let it go to waste? I actually though that they will be turned into meat paste or something.
Also just realised that prices will likily drop for others countries due to oversupply, guess I will have cheaper bacon soon.
A large portion of that is illinois. Democrat country. Fuck. Our economy's in the shitter already...
A large portion of that is illinois. Democrat country. Fuck. Our economy's in the shitter already...
Granted, the parts hit hardest are the redder parts of the state, so this is still just, but man, this won't help the budget crisis.
Hell yeah getting in a trade war with the country that makes all the shit we buy, no way this can go wrong for us
lol
Are Trump and GOP ready to be racist to Asians in response now?
Nothing works the way it's posited in this post. China has had expensive labor over tons of other countries in the region for a long time now. The reason the production stays there is because either the supply chain is there or that's where a huge portion of the end customers or both.Getting in a trade war against the country that also is directly responsible for financing and investing and paying those workers to make that shit can also go wrong for them. What I don't get is how anyone is thinking the US as still the de facto largest world economy and with the largest corporations would lose in a trade war with China. Apple can go and get Vietnam and India and Mexico to make iPhones. Can China survive without US direct investment etc. Can they survive countries like Japan and South Korea who can't risk losing the US market abandoning China. For a lot of countries China is a bigger trade partner than the US. But that is why this is a lose lose scenario. Both China and the US will create trade war and recession but China is far more vulnerable here especially if the US plays some shenanigans with their dollar which China holds a lot of as foreign reserves.