UserUnknown2025
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The US invited China for a trade talk. Who do you think is getting softer?
MOFCOM: China to respond to tariffs with retaliatory measures on US goods
- Thread starter TaiShang
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Daniel808
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Your economic knowledge is sucks, dude.
Yes, u.s can tax 500 billion, but China have antoher "Un-convventional" measure to make U.S hurt more.
Just look at how much U.S.A companies need Chinese market, much much more than Chinese company needs U.S market.
China Govt and people can easily Destroy Mcdonalds, A&W, Pizza Hut, Walmart, Apple, HP, GMC, Ford, Exxon Mobil business in the Largest Middle Class market in this World
I'll be waiting for that, lol.
Hi, that is correct. Previously US invited China twice for talks but nothing came out of it. Is thrice a charm. Or will the boy cry wolf again?
Viva_Viet
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in 1978, when CN GDP merely 300usd/year, 1billion Cnese had to eat insect to survive cos they didnt havr money to buy burger,pizza; McDonal, Pizza hut GMC have been so rich already.Your economic knowledge is sucks, dude.
Yes, u.s can tax 500 billion, but China have antoher "Un-convventional" measure to make U.S hurt more.
Just look at how much U.S.A companies need Chinese market, much much more than Chinese company needs U.S market.
China Govt and people can easily Destroy Mcdonalds, A&W, Pizza Hut, Walmart, Apple, HP, GMC, Ford, Exxon Mobil business in the Largest Middle Class market in this World
CN should remember that thanks for Deng'azz licking policy in 1978.Some Cnese now have money to buy buger and pizza. Its the Donative money from JP- US sending to starving Cnese peasants like u to buy Pizza, not the money u can earn by yourselves.
TaiShang
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Trade conflict backfiring on US workers as overseas investors start to look elsewhere
By Hu Weijia Source:Global Times Published: 2018/9/20
The founder of Chinese e-commerce giant Alibaba, Jack Ma Yun, has abandoned a promise to create 1 million jobs in the US. His move is just the beginning of bigger-than-estimated job losses in the US triggered by the ongoing trade tensions between China and the US.
In a recent interview with the Xinhua News Agency, Ma said his initial commitment to create employment in the US was made on the premise of a friendly China-US partnership. That premise no longer exists, so "our promise cannot be fulfilled," Ma said.
The warning came several hours after the US suddenly escalated the trade dispute by announcing it would impose a 10 percent tariff on September 24 on $200 billion worth of Chinese goods.
The US economy added 213,000 jobs in June as the unemployment rate remained at a low level, but the escalating trade conflict may dim the long-term picture for US employment. Ma's comments reminded US economists that they may have underestimated the negative effect of the China-US trade conflict on the American job market.
During the past four decades, China has gone from being a low-wage supplier to a center of many global value chains. As the trade conflict intensifies, retaliatory tariffs imposed by China have made some US exports less competitive in the Chinese market, thus weakening the US' position in the global value chain. The matter may have a long-lasting negative impact on US exports and export-oriented jobs.
Further, China is witnessing a boom in outbound investment, but much of that money may go to other markets than the US, instead of being used to stimulate US jobs. Ma's comments have drawn lots of attention amid the escalating trade conflict, but Alibaba will not be the only Chinese enterprise to lose interest in US investment. Such decisions will have a direct influence on the US job market in the foreseeable future.
The trade conflict has already made the US lose the chance of adding 1 million jobs but it seems that's only the beginning. It's possible that the trade dispute will become an ongoing conflict with a long-term negative impact on the US economy.
http://www.globaltimes.cn/content/1120436.shtml
By Hu Weijia Source:Global Times Published: 2018/9/20
The founder of Chinese e-commerce giant Alibaba, Jack Ma Yun, has abandoned a promise to create 1 million jobs in the US. His move is just the beginning of bigger-than-estimated job losses in the US triggered by the ongoing trade tensions between China and the US.
In a recent interview with the Xinhua News Agency, Ma said his initial commitment to create employment in the US was made on the premise of a friendly China-US partnership. That premise no longer exists, so "our promise cannot be fulfilled," Ma said.
The warning came several hours after the US suddenly escalated the trade dispute by announcing it would impose a 10 percent tariff on September 24 on $200 billion worth of Chinese goods.
The US economy added 213,000 jobs in June as the unemployment rate remained at a low level, but the escalating trade conflict may dim the long-term picture for US employment. Ma's comments reminded US economists that they may have underestimated the negative effect of the China-US trade conflict on the American job market.
During the past four decades, China has gone from being a low-wage supplier to a center of many global value chains. As the trade conflict intensifies, retaliatory tariffs imposed by China have made some US exports less competitive in the Chinese market, thus weakening the US' position in the global value chain. The matter may have a long-lasting negative impact on US exports and export-oriented jobs.
Further, China is witnessing a boom in outbound investment, but much of that money may go to other markets than the US, instead of being used to stimulate US jobs. Ma's comments have drawn lots of attention amid the escalating trade conflict, but Alibaba will not be the only Chinese enterprise to lose interest in US investment. Such decisions will have a direct influence on the US job market in the foreseeable future.
The trade conflict has already made the US lose the chance of adding 1 million jobs but it seems that's only the beginning. It's possible that the trade dispute will become an ongoing conflict with a long-term negative impact on the US economy.
http://www.globaltimes.cn/content/1120436.shtml
Viva_Viet
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Jack Ma is just staving dump peasant before 1978. He could not even buy a cheap burger from Mc Donal and had to eat insect to survive, so how can he create 1 million in US ??
TaiShang
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Sept 21, 2018 02:23 PM
China Manufacturers Rush to Get Toys, Car Parts to U.S. Before Tariffs
Chinese manufacturers are rushing to get everything from toys to bikes to car parts into American stores before tariffs hit.
(Bloomberg) — The race is on to get Chinese goods into the U.S. before U.S. President Donald Trump’s tariffs bite.
At sea and in the sky, the U.S. president’s trade war with China has ignited a freight frenzy. Hyundai Merchant Marine Co. Ltd.’s vessels leaving China for the U.S. are full, deliveries to California ports are surging, and cargo rates for journeys across the Pacific are at a four-year high.
The levies that kick in Monday have amplified the busy pre-holiday season as Chinese manufacturers rush everything from toys to bikes to car parts into American stores before tariffs hit. At Air China Ltd., freight to the U.S. is booming.
In East China’s Jiangsu province, E.D. Opto Electrical Lighting Co. Ltd. dispatched a batch of car lights by sea to Los Angeles in late August, earlier than planned.
“It takes about 25 days, so I hope we can make it,” said export manager Melissa Shu. The company is racing to complete an order for another U.S. customer who’s prepared to pay extra for air freight if it means dodging the new tariffs, she said.
Consumer benefit
Starting Monday, a 10% duty applies to $200 billion of Chinese imports — Trump’s biggest salvo yet in a trade war between the world’s largest economies that now directly hits U.S. consumers. After that, American importers have until the end of the year to stockpile Chinese products before the tariff leaps to 25%.
As companies accelerate shipments from China to beat those deadlines, American consumers could get a leg-up: anticipated price hikes on household goods at retailers like Walmart Inc. and Target Corp. might be held off in the short term. In China, this front-loading of exports helped push China’s trade surplus with the U.S. to a record in August.
Trump has threatened duties on a further $267 billion of made-in-China goods, which would hit nearly all other consumer products including mobile phones, shoes and clothes. That escalation could spur U.S. companies to preemptively load up on those goods, too, Deutsche Bank AG said in a report this week. The National Retail Federation in the U.S. warned that duties will lead to higher prices and even product shortages.
Toy shipments
In the industrial hub of Dongguan in southern China, toy maker Lung Cheong Group — which supplies Hasbro Inc. — is getting squeezed by American customers watching their calendars.
“More clients in the last two months are asking if we can deliver goods ahead of the scheduled time to avoid the upcoming tariffs,” said Chairman Lun Leung. For small high-tech toys that have higher retail selling prices, some clients are willing to upgrade from sea freight to air, he said.
Such expedited orders are helping to fill ports along the U.S. West Coast. Imports to northern California’s Port of Oakland surged 9.2% in August. That was the busiest August in the port’s 91-year history. At the Port of Long Beach, imports of containers rose 9.4% this year through August. That comes after a record 2017.
Spot freight rates from Shanghai to Los Angeles, the biggest U.S. port, reached $2,362 per 40-foot container in the week ended Sept. 13, the highest weekly level since December 2014, according to the Drewry World Container Index.
The threat of the looming tariffs is supercharging business at Hyundai Merchant Marine, South Korea’s biggest shipping company, and APL Ltd., one of the largest shippers on the trans-Pacific route, during the industry’s peak season, representatives for the companies said.
‘Rush game’
Concerns about the trade dispute is also spurring last-minute shipments across the Pacific for Ocean Network Express Pte., a combination of the container operations of Japan’s three biggest shipping firms, it said.
“We have a rush game with the tariff,” said Rahul Kapoor, an analyst at Bloomberg Intelligence in Singapore. He said he’d heard of cargo being left behind at Chinese docks because America-bound ships were so full.
While Monday’s tariff may come too soon for some U.S. companies importing Chinese products, they still have a window of more than three months before duties surge on Jan. 1.
Ralph Bradley, chief executive officer of a small automotive lighting manufacturer in Fort Worth, Texas, has more than $300,000 of products coming to the U.S. on a boat from China. There’s not much he can do about paying the 10% duty, or $30,000, on those vehicle-lighting parts.
But Bradley’s firm, Jammy Inc., is considering bringing extra goods into the U.S. from China before the tariffs more than double, he said. “I’m anxiously awaiting any word that Congress might fix this situation,” Bradley said.
For some businesses, there’s no way to sidestep Trump. Hannah Kain, CEO of Alom Technologies Corp., which helps companies manage their supply chains, said clients have been fast-tracking orders for months in an effort to avoid the tariffs. Yet, many products have lead times stretching to two years.
“There is really no way to navigate it,” said Kain, whose clients have included Ford Motor Co. “You just have to be very reactive, as far as you can.”
https://www.caixinglobal.com/2018-0...car-parts-to-us-before-tariffs-101328958.html
@qwerrty
China Manufacturers Rush to Get Toys, Car Parts to U.S. Before Tariffs
Chinese manufacturers are rushing to get everything from toys to bikes to car parts into American stores before tariffs hit.
(Bloomberg) — The race is on to get Chinese goods into the U.S. before U.S. President Donald Trump’s tariffs bite.
At sea and in the sky, the U.S. president’s trade war with China has ignited a freight frenzy. Hyundai Merchant Marine Co. Ltd.’s vessels leaving China for the U.S. are full, deliveries to California ports are surging, and cargo rates for journeys across the Pacific are at a four-year high.
The levies that kick in Monday have amplified the busy pre-holiday season as Chinese manufacturers rush everything from toys to bikes to car parts into American stores before tariffs hit. At Air China Ltd., freight to the U.S. is booming.
In East China’s Jiangsu province, E.D. Opto Electrical Lighting Co. Ltd. dispatched a batch of car lights by sea to Los Angeles in late August, earlier than planned.
“It takes about 25 days, so I hope we can make it,” said export manager Melissa Shu. The company is racing to complete an order for another U.S. customer who’s prepared to pay extra for air freight if it means dodging the new tariffs, she said.
Consumer benefit
Starting Monday, a 10% duty applies to $200 billion of Chinese imports — Trump’s biggest salvo yet in a trade war between the world’s largest economies that now directly hits U.S. consumers. After that, American importers have until the end of the year to stockpile Chinese products before the tariff leaps to 25%.
As companies accelerate shipments from China to beat those deadlines, American consumers could get a leg-up: anticipated price hikes on household goods at retailers like Walmart Inc. and Target Corp. might be held off in the short term. In China, this front-loading of exports helped push China’s trade surplus with the U.S. to a record in August.
Trump has threatened duties on a further $267 billion of made-in-China goods, which would hit nearly all other consumer products including mobile phones, shoes and clothes. That escalation could spur U.S. companies to preemptively load up on those goods, too, Deutsche Bank AG said in a report this week. The National Retail Federation in the U.S. warned that duties will lead to higher prices and even product shortages.
Toy shipments
In the industrial hub of Dongguan in southern China, toy maker Lung Cheong Group — which supplies Hasbro Inc. — is getting squeezed by American customers watching their calendars.
“More clients in the last two months are asking if we can deliver goods ahead of the scheduled time to avoid the upcoming tariffs,” said Chairman Lun Leung. For small high-tech toys that have higher retail selling prices, some clients are willing to upgrade from sea freight to air, he said.
Such expedited orders are helping to fill ports along the U.S. West Coast. Imports to northern California’s Port of Oakland surged 9.2% in August. That was the busiest August in the port’s 91-year history. At the Port of Long Beach, imports of containers rose 9.4% this year through August. That comes after a record 2017.
Spot freight rates from Shanghai to Los Angeles, the biggest U.S. port, reached $2,362 per 40-foot container in the week ended Sept. 13, the highest weekly level since December 2014, according to the Drewry World Container Index.
The threat of the looming tariffs is supercharging business at Hyundai Merchant Marine, South Korea’s biggest shipping company, and APL Ltd., one of the largest shippers on the trans-Pacific route, during the industry’s peak season, representatives for the companies said.
‘Rush game’
Concerns about the trade dispute is also spurring last-minute shipments across the Pacific for Ocean Network Express Pte., a combination of the container operations of Japan’s three biggest shipping firms, it said.
“We have a rush game with the tariff,” said Rahul Kapoor, an analyst at Bloomberg Intelligence in Singapore. He said he’d heard of cargo being left behind at Chinese docks because America-bound ships were so full.
While Monday’s tariff may come too soon for some U.S. companies importing Chinese products, they still have a window of more than three months before duties surge on Jan. 1.
Ralph Bradley, chief executive officer of a small automotive lighting manufacturer in Fort Worth, Texas, has more than $300,000 of products coming to the U.S. on a boat from China. There’s not much he can do about paying the 10% duty, or $30,000, on those vehicle-lighting parts.
But Bradley’s firm, Jammy Inc., is considering bringing extra goods into the U.S. from China before the tariffs more than double, he said. “I’m anxiously awaiting any word that Congress might fix this situation,” Bradley said.
For some businesses, there’s no way to sidestep Trump. Hannah Kain, CEO of Alom Technologies Corp., which helps companies manage their supply chains, said clients have been fast-tracking orders for months in an effort to avoid the tariffs. Yet, many products have lead times stretching to two years.
“There is really no way to navigate it,” said Kain, whose clients have included Ford Motor Co. “You just have to be very reactive, as far as you can.”
https://www.caixinglobal.com/2018-0...car-parts-to-us-before-tariffs-101328958.html
@qwerrty
hoangsa74
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How much? Not much considering the U.S have to give $400 billion of giving free cash to china every year just to appease ...McDonald. That's why the U.S won't give a fuking French about initiating this trade war while china has to go sue the U.S with the WTO. lolYour economic knowledge is sucks, dude.
Yes, u.s can tax 500 billion, but China have antoher "Un-convventional" measure to make U.S hurt more.
Just look at how much U.S.A companies need Chinese market, much much more than Chinese company needs U.S market.
China Govt and people can easily Destroy Mcdonalds, A&W, Pizza Hut, Walmart, Apple, HP, GMC, Ford, Exxon Mobil business in the Largest Middle Class market in this World
Zsari
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China Cancels Trade Talks With U.S. Amid Escalation in Tariff Threats
Move comes after U.S. announces to tariffs on $200 billion of Chinese goods
By
Lingling Wei
Updated Sept. 22, 2018 12:08 a.m. ET
China scotched trade talks with the U.S. that were planned for the coming days, according to people briefed on the matter, further dimming prospects for resolving a trade battle between the world’s two largest economies.
The decision to pull out of the talks follows the latest escalation in trade tensions.
On Monday, President Trump announced new tariffs on $200 billion in Chinese imports, prompting Beijing to retaliate with levies on $60 billion in U.S. goods. Mr. Trump then vowed to further ratchet up pressure on China by kicking in tariffs on another $257 billion of Chinese products.
Chinese officials have said they wouldn’t bend to pressure tactics. By declining to participate in the talks, the people said, Beijing is following up on its pledge to avoid negotiating under threat.
“Nothing the U.S. has done has given any impression of sincerity and goodwill,” Chinese Foreign Ministry spokesman Geng Shuang said at a news briefing Friday. “We hope that the U.S. side will take measures to correct its mistakes.”
The latest exchange of tariffs, which take effect this coming Monday, brings China and the U.S. closer to a full-blown trade war.
....
https://www.wsj.com/articles/china-...-amid-escalation-of-tariff-threats-1537581226
Move comes after U.S. announces to tariffs on $200 billion of Chinese goods
By
Lingling Wei
Updated Sept. 22, 2018 12:08 a.m. ET
China scotched trade talks with the U.S. that were planned for the coming days, according to people briefed on the matter, further dimming prospects for resolving a trade battle between the world’s two largest economies.
The decision to pull out of the talks follows the latest escalation in trade tensions.
On Monday, President Trump announced new tariffs on $200 billion in Chinese imports, prompting Beijing to retaliate with levies on $60 billion in U.S. goods. Mr. Trump then vowed to further ratchet up pressure on China by kicking in tariffs on another $257 billion of Chinese products.
Chinese officials have said they wouldn’t bend to pressure tactics. By declining to participate in the talks, the people said, Beijing is following up on its pledge to avoid negotiating under threat.
“Nothing the U.S. has done has given any impression of sincerity and goodwill,” Chinese Foreign Ministry spokesman Geng Shuang said at a news briefing Friday. “We hope that the U.S. side will take measures to correct its mistakes.”
The latest exchange of tariffs, which take effect this coming Monday, brings China and the U.S. closer to a full-blown trade war.
....
https://www.wsj.com/articles/china-...-amid-escalation-of-tariff-threats-1537581226
TaiShang
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Good. US regime (playing by Trump's best selling book on deal making) was hoping to corner China, first throw a stick and then invite for negotiations.
By dismissing the invitation, China has left the US with its own stick beating the air. The US regime now has little information in regards to what China thinks and plans to do next.
So, the only way for the US regime is to simply continue the economic warfare.
It is epic to watch a country that has a smaller trade penetration to try to punish world's largest trading nation with the broadest global trade penetration.
china should just wait and see. even with all these tariffs, amelika still import more from china. they basically just taxing their own people. lets just watch 'em fight each other
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