China becomes a source of inflation for the US

[applesauce]

True, We all saw the result, CN look so pathetic.

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WASHINGTON—U.S. tariffs have led to a sharp decline in Chinese imports and significant changes in the types of goods Americans buy from China, new data show, with purchases of telecommunications gear, furniture, apparel and other goods shifting to other countries.

Nearly two-thirds of all imports from China—or roughly $370 billion in annual goods—were covered by tariffs imposed by the U.S. in 2018 and 2019. Tariffs now cover just half of Chinese exports to the U.S., or about $250 billion in goods annually, as U.S. companies buy more from other countries, according to a Wall Street Journal analysis of information from Trade Data Monitor.

WSJ News Exclusive | U.S. Tariffs Drive Drop in Chinese Imports

U.S. tariffs have led to a sharp decline in imports from China and significant changes in the types of goods Americans buy from China, new data show, with purchases of furniture, telecommunications gear, apparel and other goods shifting to other countries.

www.wsj.com

relax, cherry picking data doesnt mean much.

the 2020 decline due to the pandemic aside, its practically stable.
what your little article did is pick a high point in 2018, and compared it to a low point in 2020

 

[zectech]

This is correct.

While China supported dollar hegemony, it was impossible to truly defeat the USA because whenever China grows stronger the USA can simply print more dollars and buy Chinese goods.

Therefore, at some point China must let its currency rise and let the dollar collapse under its own weight. The question is "when" because China does not want to prematurely set the scene for an armed conflict.

The answer is: the right timing is when China has JL-3 SLBM. Therefore, now is the right time to open up the digital yuan DCEP, undermine the US dollar and let USA dollar hegemony collapse under its own weight.

China has to destroy bitcoin, or else the dollar is gonna be replaced by bitcoins.

Bitcoin Could Replace Gold as a Refuge, BlackRock Says

Bitcoin Could Replace Gold as a Refuge, BlackRock Says | Chief Investment Officer

The yellow metal now is in a funk, as the cryptocurrency keeps gaining.

www.ai-cio.com

The cia invented bitcoin for this very purpose. To be the new anti-dollar play.

The way to defeat bitcoin is never by shorting bitcoin. You lose your shorts and bitcoin investors get your money. You have to have another crypto defeat bitcoin, and make sure that crypto is hated by the jewish media proving it is anti-cia. That crytpo that was on path to defeat bitcoin was Etherum. And the jews crashed the whole crypto market recently to stop the rise of Etherum.

China has to allow Etherum to be bought and invested in China and only Etherum during this time when the cia bots in the crypto media and CNBC are pushing bitcoin and not Etherum.

The collapse of the dollar is designed by the cia to be worse for China than the usa. cia has bitcoins to be the replacement of the dollar.

Have Etherum destroy bitcoin, then have gold and silver destroy cryptos with the dollar collapse.

Already MC and Paypal take bitcoin. The us economy could be 100% bitcoin before China's full implementation of digital Yuan goes global.

Step 1: China supports Etherum
Step 2: Etherum beats cia bitcoin as top crypto
Step 3: China goes gold backed yuan
(((Step 4: West dumps their gold and silver crashing the price)))
Step 5: China buys up supply of gold using euros and other currencies
(((Step 6: usa block sales of gold and silver to China)))
Step 7: China uses covert means to buy up world's supply of silver and gold dumped at low prices.
Step 8: China owns the world money supply

 

[Viva_Viet]

relax, cherry picking data doesnt mean much.

the 2020 decline due to the pandemic aside, its practically stable.
what your little article did is pick a high point in 2018, and compared it to a low point in 2020

View attachment 750623

My article point out that the products that got 25% imported from CN are declining . U cant deny it

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Imports of non-tariffed items from China have begun to pick up in recent months, after a global downturn in trade triggered by the Covid-19 pandemic. Even so, imports from China overall were at $472 billion for the 12 months ended March 31, compared to a peak of $539 billion in 2018.


“The trade war has had a more enduring negative impact [on Chinese imports] than the pandemic,”

 

[AViet]

that’s not how it works. It hurts China more to let the yuan rise and make exports more expensive for the entire world. That’s why CCP is trying as hard as it can to devalue it again by increasing bank reserve to descrease dollars liquidity

www.scmp.com/economy/china-economy/article/3135919/chinas-yuan-slips-against-us-dollar-after-beijing-taps

www.cnbc.com/amp/2021/06/03/china-sets-yuan-rmb-weaker-vs-us-dollar-for-first-time-in-a-week.html

US labeled it a currency manipulator because US wants the yuan to rise because a rise in yuan is the only thing that can bring back outsourced jobs in China back to US. And slow chinas economic growth as other 3rd world countries start to look competitive

It is only a theory. If it did work, jobs from China would have been moved to Africa, South America or East Europe long times ago.

The US can become more competitive in some low value-added jobs, like assembly works (eg. assembly of Apple iPhone with Chinese parts), but US workers can never compete against Chinese workers in terms of high-quality jobs, once the Chinese counterparts have been trained and got necessary experience. Just look at the semiconductor industry. The US used to have all the advantages against China, Taiwan and Korea, but it failed to move forward at a same pace with these countries and has been left behind. I doubt these jobs will ever be moved back to the US again, even if US workers salary are only one third or one fourth of Chinese/Taiwanese/Korean workers.

 

[Han Patriot]

And 25% tariff still make manufactures massively out of China, million CNese become jobless :

Millions? Tell that to the worker shortage Foxconn is having now. Lol. You seriously need to understand economics, an entity the size of China can sustain its own domestic market. Our working age population is shrinking, AI and automation is the future, when that happens, what are low skilled uneducated poor Viets going to do? Sell pho? Lol

 

[Viva_Viet]

Millions? Tell that to the worker shortage Foxconn is having now. Lol. You seriously need to understand economics, an entity the size of China can sustain its own domestic market. Our working age population is shrinking, AI and automation is the future, when that happens, what are low skilled uneducated poor Viets going to do? Sell pho? Lol

You seriously need to understand economics instead, CN market is just 1,3 billion while the World market is 6 billion. CN market is cheap and too small, not worth to mention abt.


If Iphone got 25 % tariff, then they will flee to VN, like other CN suppliers who got 25% tariff, so they still can sell to the world market:

pls look at the chart and stop talking nonsense.

 

[Han Patriot]

You seriously need to understand economics instead, CN market is just 1,3 billion while the World market is 6 billion. CN market is cheap and too small, not worth to mention abt.


If Iphone got 25 % tariff, then they will flee to VN, like other CN suppliers who got 25% tariff, so they still can sell to the world market:

pls look at the chart and stop talking nonsense.

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The decline is in exports to US. It is reexported and rerouted through Vietnam. Don't you get it? You are nothing but a chess piece. Components and even machinery comes from China, operator training, remember the few dozen technicians stranded at the border? Those are machine specialist who were supposed to fine tune production and you guys think they are illegals trying to get your 20cents per hour rate. Just a market of 1.4 billion? Out of that 6 billion how many have Chinas buying power? You need to wake up. We don't just export to US.

Nonsense, it's been 4 years now? Chinese economy did not even buckle under covid nor trade war while numb numbs like you are losing country and begging for our vaccines. Lol

 

[Viva_Viet]

Components and even machinery comes from China, operator training, remember the few dozen technicians stranded at the border? Those are machine specialist who were supposed to fine tune production and you guys think they are illegals trying to get your 20cents per hour rate. Just a market of 1.4 billion? Out of that 6 billion how many have Chinas buying power? You need to wake up. We don't just export to US.

Nonsense, it's been 4 years now? Chinese economy did not even buckle under covid nor trade war while numb numbs like you are losing country and begging for our vaccines. Lol

Yes, Components and even machinery comes from China, bcs it help VN quickly can replace CN to manufacture those products that CN got 25% tariff, and we also need some CN technicians to operate those machines. But thats enough to make CN local government feel so worry, they dont want to lose the tax revenue, nor the employment the factories bring to local communities. Thats why they (CN local Officials) keep begging Iphone, BMW , General Motors Co. etc not leaving CN.

Of course u are not the local Officials, too. thats why u just keep talking nonsense like a cheap clown :

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But what Trump is doing now is making everyone panic, especially the smaller firms,” Zhou added.

Companies are also fearful of growing hostility from local governments in China, should they announce their plans to relocate. Officials do not want to lose the tax revenue, nor the employment the factories bring to local communities.

China's Sailun Hits All-Time High After Revealing Vietnam Tire Plant Plans

(Yicai Global) Dec. 11 – Shares of China’s Sailun Jinyu Group surged to an all-time high today after the Chinese tire maker said that it will expand its production in Vietnam. Sailun's stock price rose by 9.8 percent to CNY7.82 (USD1.20) by noon. The shares are almost 20 percent up this year...

defence.pk

 

[j20blackdragon]

You seriously need to understand economics instead

Ironic.

CN market is just 1,3 billion while the World market is 6 billion.

If Iphone got 25 % tariff, then they will flee to VN, like other CN suppliers who got 25% tariff, so they still can sell to the world market:

Answer this one simple question. Did all 6 billion people in the world put a 25% tariff on China, or was it only the US?

 

[Viva_Viet]

Answer this one simple question. Did all 6 billion people in the world put a 25% tariff on China, or was it only the US?

U dont even know the answer of this simple question ?? US's allies will avoid using CN's products when they got 25% tariff to avoid US's anger.

Just like Samsung, TSMC will open more factories in US, but not in CN bcs chips manufacturing in CN got 25% tariff and US also dont want Samsung, TSMC to manufacture chips in CN , too.

Thats why , CNese investors had to say: " But what Trump is doing now is making everyone panic, especially the smaller firms,” Zhou added. "

 

[Cheehg]

Thanks to Donald Trump's 25% tariffs, China now already tested that USA has no alternative to replace Chinese goods. At least in short term. Last time USA got away with printing money but this time China pushes back with increasing RMB value against USD. Other currencies are doing the same. So it will be only usd is worth less.
USA started hybrid war against China so this time there is no helper. China doesn't hope USA will change.