Trump threatens China with further $300 billion of tariffs

[Menthol]

Trump will give a role model for the future generation of politicians.

I think the trend of USA politicians will be like Trump style.

Until there's nothing to be done, the only option is to launch nuclear bombs toward enemies of USA.

There will be a lot of charismatic leaders with tiny brain, and drunk of party everyday in the USA.

China is definitely an enemy that very hard to kill.

 

[Zsari]

https://sg.yahoo.com/finance/news/trump-threatens-china-further-300-072008252.html

Trump threatens China with further $300 billion of tariffs
Reuters 14 minutes ago

• Reactions
  
• Reblog on Tumblr
  
• Share
  
• Tweet
  
• Email

U.S. President Donald Trump and first lady Melania Trump depart Shannon Airport in Shannon
SHANNON, Ireland (Reuters) - U.S. President Donald Trump threatened to hit China with "at least" another $300 billion of tariffs but said he thought both China and Mexico wanted to make deals in their trade disputes with the United States.

"Our talks with China, a lot of interesting things are happening. We'll see what happens... I could go up another at least $300 billion and I'll do that at the right time," Trump told reporters on Thursday, without specifying which goods could be impacted.

"But I think China wants to make a deal and I think Mexico wants to make a deal badly," said Trump before boarding Air Force One at the Irish airport of Shannon on his way to France for a D-Day commemoration.

(Reporting by Steve Holland, writing by Padraic Halpin; Editing by Gareth Jones)

At this point, it doesn't matter anymore as Chinese businesses are simply routing their goods through 3rd states like Vietnam and Mexico to get around the tariff. Just look at the trade data, Chinese export to these country & these countries exports to the US both spiked. It means the same goods are still coming out of China and end up in the US with added cost in freights absorbed by the US consumer.

 

[Viet]

The US wants to bring Iran oil exports to zero. They apparently want to bring China exports to US to zero, too.

The is most weird trade war ever.

 

[Viva_Viet]

The US wants to bring Iran oil exports to zero. They apparently want to bring China exports to US to zero, too.

The is most weird trade war ever.

US mainly make money and get rich by selling guns. CN is good market to sell gun to Cnese "rebels" who lost jobs in trade war and get angry wt CN Govt.

 

[Kai Liu]

Americans only see that we export a lot to America, but they don't realize that they also benifit even more from their investment and our huge market here like GM, Apple, HP, Tesla, Boeing, etc.... While we have less investment in the US... We will get every cent back from these companies... Ford has been fined, alot more to follow....

 

[Humble Analyst]

Some people like to play with fire and if they do not how the History will have the wars

 

[KAL-EL]

US mainly make money and get rich by selling guns. CN is good market to sell gun to Cnese "rebels" who lost jobs in trade war and get angry wt CN Govt.

There would have to be a lot of rebels for the US to have a good market.

You Honestly think there will be a lot of rebels?

 

[Viva_Viet]

There would have to be a lot of rebels for the US to have a good market.

You Honestly think there will be a lot of rebels?

Why in 2017 I said CN fall into chaos in 2023 ? Cos actually CN is too weak to fight against US.We fough against both of them, so we know the true strength of US and CN .

If u dont believe, just wait and see what will happen. Btw, CN economy is falling like Hwei now.

 

[Smarana Mitra]

In economic principles I agree with Paul Krugman, but in the real world things are not so straightforward because there are many other factors at play.

You know, he has the same view of Singapore in the early 1990s. Over-investment and low total factor productivity growth. And he had a debate with Lee Kuan Yew on the issue back then.











http://online.wsj.com/public/resources/MoneyInvesting/reference/a-krugma.html

History has proven who's right. Singapore continued to grow relatively fast compared to other developed economies, and went on to surpass the UK and US in real GDP per capita by accumulating capital.

But of course. Singapore's growth model may not be replicated in China due to the difference in size.

Singapore is a small city and reliant on international trade via Malacca Straits. As trade in Malacca rose, Singapore gained in wealth from the trade. It is incorrect to show the example of a small city like Singapore and make an economic theory out of it.

 

[ohmrlobalobayeh]

Yeah and I am saying to you that they are lying.

They desperately want to negotiate but they don't want to appear weak.

Mark my words, that negotiations will happen, and it will happen with the tariffs ON!

Like the last time.

Last time also the ministry said that they won't negotiate with tariffs on, but finally China did negotiate with American tariffs ON!

Quick US-China trade deal unlikely, says former Chinese commerce minister Chen Deming

BEIJING (BLOOMBERG) - Don't bet on a quick trade deal between the world's two largest
economies, according to a former top trade official for China.

Presidents Donald Trump and Xi Jinping are scheduled to join other world leaders at the Group of 20 summit in Osaka in late June.

The world will be watching to see if the event paves the way for breaking the current trade talk deadlock.

Mr Chen Deming, China's commerce minister from 2007 to 2013, told Bloomberg Television in an interview on Thursday (June 6) that he sees the chances as being low.

"If the US doesn't want to go to the (World Trade Organisation) and they talk with China with the current attitude, things will drag on," said Mr Chen, now serving as the head of the China Association of Enterprises with Foreign Investment.

"In that case, we'll see who can take it on the chin. China will have to endure that, the US will have to endure that, and the whole world will have to endure that, and the global economy will go backwards."The trade tensions between the US and China escalated last month, with the nations now exchanging barbs over who wrecked negotiations. The last time Mr Trump and Mr Xi met face-to-face was at the previous G-20 summit in Argentina. That meeting yielded a months-long truce.

What US-China trade war is really about: A Chinese perspective[/paste:font]
US has benefited richly from trade with China, says Beijing[/paste:font]

Economists at Morgan Stanley and JPMorgan are among those who have warned that deteriorating US-China relations threaten to take the world into a recession. The World Bank also dialled back its global outlook this week, citing trade.

Chinese officials, meanwhile, have emphasised the resilience of their economy, with Mr Xi giving an upbeat assessment this week. Domestic consumption accounted for 76 per cent of Chinese growth last year as the country becomes less dependent on exports, according to Mr Xi's comments published in the People's Daily newspaper.

Mr Chen echoed that sentiment. The trade conflict with the US will have an adverse effect on China, but will be controllable, he said. And the country should hit its growth target of 6 to 6.5 per cent this year, according to him.

Aside from tariffs, the Trump administration has also moved to curb Huawei Technologies' ability to sell equipment in the US and buy parts from American suppliers, potentially crippling one of China's national technology champions. But that blockade won't stop China's technological advance, Mr Chen said. It will instead make China stronger.

Many Chinese students have gone overseas to study, and in a few years, they can help China close the technology gap, according to Mr Chen.

"If you go forward to that time, we will thank President Trump, because it was his policies that led us to be able to make for ourselves all the things we used to purchase from around the world."

In the long run, however, Mr Chen still believes that the US and China will find a way to reconcile their differences because their economies are complimentary.







= Quick Deal?

More like the Chinese are digged in

 

[Han Patriot]

At this point, it doesn't matter anymore as Chinese businesses are simply routing their goods through 3rd states like Vietnam and Mexico to get around the tariff. Just look at the trade data, Chinese export to these country & these countries exports to the US both spiked. It means the same goods are still coming out of China and end up in the US with added cost in freights absorbed by the US consumer.

I was trying to say this all along, those spikes of exports from SEA is actually facilitated by the Chinese diasporas. They reroute these goods from China and re-export, there is basically no way to tell the country of origin. My cousin actually boards a ship and change the labels on the equipment to Made in Indonesia, Vietnam or whatever. The reason why Xi is so confident is because he knows he has leverage over this issue, on the surface it appears China will lose, but behind the doors, underground networks are working. Unless US close their borders, there is no way, Chinese goods cannot find it's way in.

25% tariff is borne by the US consumers, that's whythey don't get it. And we haven't even go to the WMD option yet.

 

[Viva_Viet]

I was trying to say this all along, those spikes of exports from SEA is actually facilitated by the Chinese diasporas. They reroute these goods from China and re-export, there is basically no way to tell the country of origin. My cousin actually boards a ship and change the labels on the equipment to Made in Indonesia, Vietnam or whatever. The reason why Xi is so confident is because he knows he has leverage over this issue, on the surface it appears China will lose, but behind the doors, underground networks are working. Unless US close their borders, there is no way, Chinese goods cannot find it's way in.

25% tariff is borne by the US consumers, that's whythey don't get it. And we haven't even go to the WMD option yet.

U can change the label to Made in VN, but million Cnese workers cant be changed to VNese worker, that why million Cnese lost jobs and hundred million Cnese also cant afford to buy enough fruit each day cos they cant find good jobs now.

 

[Mista]

Singapore is a small city and reliant on international trade via Malacca Straits. As trade in Malacca rose, Singapore gained in wealth from the trade. It is incorrect to show the example of a small city like Singapore and make an economic theory out of it.

Not exactly. So why does Paul Krugman, a Nobel laureate in economics, even try explaining Singapore's economic miracle with economic theories and made future predictions? In the same manner can you say that China is too large and therefore it's 'incorrect' to make an economic theory out of it?

Theories at the end of the day are simply just, theories.

Why does Egypt with 100 million people and blessed with the Suez Canal which collect fees from every ship passing has a smaller economy than Singapore with a free port?
Panama with the Panama Canal but only 1/5 the size of Singapore's economy?
Malaysia with ports along the Malacca Straits too and blessed with an abundance in natural resource?

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

If you want to explain in economic theories, high savings rate and thus capital accumulation is a major factor behind Singapore's economic growth, just like China and other East Asian countries.

http://www.china.org.cn/opinion/2015-03/24/content_35138381.htm

But like I said, these are just theories. In the real world many unique factors are at play in every country, whether it's Singapore or China.

 

[Smarana Mitra]

Why does Egypt with 100 million people and blessed with the Suez Canal which collect fees from every ship passing has a smaller economy than Singapore with a free port?
Panama with the Panama Canal but only 1/5 the size of Singapore's economy?
Malaysia with ports along the Malacca Straits too and blessed with an abundance in natural resource?

Singapore can't be compared to egypt or Panama. Egypt doesn't have food and is too big a country to import large quantities of food. Also, Egypt has Suez Canal shared by 100 million people but Singapore has Malacca shared by just 5 million people. Panama doesn't have as much of leverage as Singapore. Panama is next to USA and has only significance to trade with USA. Singapore has massive trade potential due to its trade with China and Europe and with oil supply route. Countries like Indonesia and Malaysia also are oil supplier countries next door yo Singapore. Also, Singapore is a financial hub whereas Panama is not financial hub due to USA being next door and not needing a second hub in Panama.

Singapore is an exception due to it being a city state and located in Malacca straits. If it was a country anywhere else, it would be like Madagascar.

Making up fake theory for Singapore is absurd. Singapore is an OUTLIER state and no theory can apply to it. Outliers are statistical exception and hence devoid of any theory. Anyone who makes theory on outlier data-points is a quack spreading fake news

 

[Dungeness]

Why in 2017 I said CN fall into chaos in 2023 ? Cos actually CN is too weak to fight against US.We fough against both of them, so we know the true strength of US and CN .

If u dont believe, just wait and see what will happen. Btw, CN economy is falling like Hwei now.

Will you just get lost from this forum, if China is still standing and growing by 2023? You are freaking annoying for repeating the same shxt over and over again for years. People here treat you like a bozo, don't you realize that? Honestly, you are really an insult to Vietnam's fairly good quality commie education system.