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China may raise U.S. tariffs on aluminum, pork, other goods in response to Trump tariff hikes
- Thread starter Bandage
- Start date
They don't/can't/won't think that far ahead, he'll I didn't even know China had a big part in US pork.
My understanding was that he just signed a memo saying ' we should do 60 billion in tariffs'. The timeframe for actually figuring out what to tariffs and how was 15 days, so we should find out the full damage next week.
ah ok.
Thats enough time for adults to wrangle him. China/EU isn't going to fuck around with this. Hopefully, reality sinks in. Like his Wall.
Looks like it's official:
Bad google translation:
Bad google translation:
EU planed tariffs are well targeted at specific GOP related states and businesses and worked well as deterrents (at least temporarily). Are these anything like those?
Indeed they are.
Story from last week, WSJ: China to Target Trump's Base in Tariff Response
Plans for the retaliatory measures were laid out at a meeting last month convened by China's Commerce Ministry with Chinese importers of U.S. farm products, including China National Cereals, Oils and Foodstuffs Corp., a state-owned food-processing giant. These measures were prepared in anticipation of Trump administration moves.
At the meeting, Commerce Ministry officials sought the companies' views on the effects of scaling back U.S. agricultural imports, the people said. Since then the companies have been lining up alternatives sources—for soybeans, for instance, countries including Brazil, Argentina and Poland.
The potential retaliation is calibrated to hit states that helped elect Mr. Trump in 2016, the people said. Mr. Trump won eight of the top 10 soy and hog-producing states, and seven of the top 10 sorghum states.
At the meeting, Commerce Ministry officials sought the companies' views on the effects of scaling back U.S. agricultural imports, the people said. Since then the companies have been lining up alternatives sources—for soybeans, for instance, countries including Brazil, Argentina and Poland.
The potential retaliation is calibrated to hit states that helped elect Mr. Trump in 2016, the people said. Mr. Trump won eight of the top 10 soy and hog-producing states, and seven of the top 10 sorghum states.
I would all but assume so. It is what they did to Bush and Obama.
China(and most countries) tend to use proportionality and political precision as their first counter measures in perceived trade aggression.
The million dollar question that needs answering for how bad this could get, is what will Trump's response be?
That is actually a brilliant retaliation strategy, holy shit. I'm sorry to say this but I hope this hits these enablers hard. Maybe this way they'll learn. People keep saying Trump has the economy going in his favor so who better than turning around that positive thing than him?
Thanks Trump for fucking my retirement plans. I guess good thing I won't be retiring for another 30 years.
Master strategist.
Sadly, conservatives won't learn shit from this since Fox News will say this is either Hillary or Obama's fault (por que no los dos?)
Sadly, conservatives won't learn shit from this since Fox News will say this is either Hillary or Obama's fault (por que no los dos?)
Sorry for everyone impacted by this. This could get nasty, so I hope you can set aside a little money now, while things are semi in flux, so you can ride out any medium to long term impact.
This is the result of unilateral thinking and a misunderstanding of the market.
Also governments have pride they won't accept bullshit without a pushback.
Also governments have pride they won't accept bullshit without a pushback.
And they still have arrows in their quiver. If they really want to hurt us they can put tariffs on soy or stop/slow purchasing of US treasury bonds. Edit: the damage from such moves would be reciprocal as well but that's the type of danger that those involved in a trade war may feel forced into & it's why they're viewed (contra to what trump says) as lose/lose
Trump will just say the Chinese and EU are helping blue states and working against red states, and they'll all cheer for him, like coal workers.
Probably the craziest part of all this is that no matter what happens, Trump and the corporations he's kissing up to can use Fox to simply blame all this on foreigners. A certain segment of the American public will never, ever believe that a white person would do bad things to other white people, and their pride will never allow them to consider they've been conned into getting their rights trampled by people of the same skin color. No matter how bad it gets, Trump is trying to save them from evil colored people.
Then someone should tell China.
https://www.reuters.com/article/us-...urns-at-sea-after-china-tariffs-idUSKBN1HR03Z
We are officially in Bizzarro-world.
The US are putting illegal protectionist tariffs on Chinese's goods.
Meanwhile, the Communists are defending free trade and World Trade Organisation rules by ensuring their retaliation is merely returning US imports to "most favoured nation" status (i.e. suspending a tariff reduction scheme instead of adding new US-specific tariffs)
