Trump ups ante to 200B in new tariffs to China

Originally Posted by 6oo9

I think China may do the following:

- manipulate its currency cheaper to make Trump tariffs ineffective
- stop buying American products (more effective than tariffs)
- sell off US debt to cause inflation
- increase trade with Canada and Mexico
- confiscate American companies in China
- stop Chinese tourists to the US

All of the above will increase trade deficit with China during Trump administration.

Now now, Trump and his sycophants are too stupid to understand that they do, in fact, not hold all the cards and that other countries are both willing and able to retaliate.

[jennifercheswold]

One thing I've realized is that we educate thousands from China every year in US universities. At the end of the day, many go back to China after the graduation and contribute their newly acquired knowledge to the betterment of China. Meanwhile, no one in the US ever goes to China for higher education. Could Trump impose a policy that prevents Chinese students from receiving Student-Visas to study in the United States?

In a way, The chinese students going back to China is an example of the theft of our intellectual property.

[Brave New World]

Originally Posted by jennifercheswold

One thing I've realized is that we educate thousands from China every year in US universities. At the end of the day, many go back to China after the graduation and contribute their newly acquired knowledge to the betterment of China. Meanwhile, no one in the US ever goes to China for higher education. Could Trump impose a policy that prevents Chinese students from receiving Student-Visas to study in the United States?

In a way, The chinese students going back to China is an example of the theft of our intellectual property.

Chinese students have a choice of destinations outside of the US and the Chinese are not a backward race, indeed they were the first great civilisation, well before Europe.

In terms of intellectual property, it is mainly stolen when US Companies go in to partnership with or use Chinese companies to make hi-tech goods, so the onus should be on the US and US Companies to be more careful as to what they share with countries such as China.

As for China, it wants to move beyond cheap manufacturing and towards a high end economy based on expensive goods and services (like the US Economy), and Chinese companies are increasingly manufacturing in Vietnam, India and other emerging locations. This is one of the ways China will use to get around any tariffs.

As for jobs, the US has record levels of employment and is going to have 8 million unfilled vacancies in coming years, and the current immigaration countrols could increase this figure further, so the need to bring low paid manufacturing jobs back to the US is not that pressing and will never be that succesful.

[Bettafish]

Originally Posted by jennifercheswold

One thing I've realized is that we educate thousands from China every year in US universities. At the end of the day, many go back to China after the graduation and contribute their newly acquired knowledge to the betterment of China. Meanwhile, no one in the US ever goes to China for higher education. Could Trump impose a policy that prevents Chinese students from receiving Student-Visas to study in the United States?

In a way, The chinese students going back to China is an example of the theft of our intellectual property.

Well, 21,975 American students studied in China in 2017.

Chinese students in the US pay international rate tuition in cash, which is a major source of funding for many American universities nowadays.

Most of the (undergraduate) students are not really top students in China. Instead, they could not go to top universities in China so they chose to go abroad. College admissions in China depend on test scores. A good family background does not help (unless your father is some high ranking official then that's another story).

There are some PhD students from China too. Many research labs depend on them to run. Otherwise there is no way to find well trained researchers in a short period of time.

[phma]

China is interfering in future American elections.
They have targeted states for tariffs that are Trump supporters. That is a clear attempt of a foreign power to involve its-self in our election and there is no investigation into it or even a call for an investigation.
How serious can Dems be when they do nothing about China and focus on Russia ?

Then we have Mexico who is interfering in our elections by aiding and assisting the Dems to build a larger voter base. The Dems don't want to do anything about that either.

How serious can the left be about foreign powers interfering in our election when they give a pass to those foreign powers that assist them in interfering with our election. ? Not very !!!

[BruSan]

Originally Posted by Skezo

They pretty much already do this.

Uuh, no, "they" pretty much don't.

[LordSquidworth]

Originally Posted by 6oo9

I think China may do the following:

- manipulate its currency cheaper to make Trump tariffs ineffective
- stop buying American products (more effective than tariffs)
- sell off US debt to cause inflation
- increase trade with Canada and Mexico
- confiscate American companies in China
- stop Chinese tourists to the US

All of the above will increase trade deficit with China during Trump administration.

They don't have to do any of that.

They don't have to do anything.

You, the American consumer, pay for these tariffs.

[Brave New World]

The Trade War properly explained.

[Mikala43]

One side effect of uneasy trade relations.

Chinese investment in the US drops 90% amid political pressure

• Chinese acquisitions and investments in the U.S. fell 92 percent to just $1.8 billion in the first five months of this year, consulting and research firm Rhodium Group says.
• Counting divestitures, net Chinese deal flow to the U.S. during that time was a negative $7.8 billion, the report says.
• Beijing is trying to limit capital outflows and excessive leverage, while the Trump administration is increasing scrutiny on Chinese investments in the U.S. amid concerns about intellectual property protection.

Counting divestitures, net Chinese deal flow to the U.S. during that time was a negative $7.8 billion, the report said.

The decline follows a sharp drop in the second half of last year as pressure from both Beijing and the Trump administration curbed a recent surge in cross-border investment. Completed Chinese deals in the U.S. hit a record $46 billion in 2016, and dropped to $29 billion in 2017, according to Rhodium.

https://www.cnbc.com/2018/06/20/chin...-pressure.html

[legalsea]

This was an interesting article about how the tariff war will adversely affect American cheese makers:




https://www.nytimes.com/2018/06/24/b...e-exports.html


One part that opened my eyes was how the European Union, China, Mexico and others are entering into trade agreements that exclude the United States, which will have an impact on American cheese makers (or are they call cheese mongers?). From the link:


"Just like Champagne can technically only come from France, the European Union has striven to enshrine so-called “geographic indications” for its cheeses. Under these rules, a cheese must be made in Greece to be labeled “feta.” Parmesan must be made near Parma, Italy, and asiago must be crafted near its eponymous Italian village. As the Europeans sign agreements with countries like South Korea, Vietnam and Canada, they are locking American cheese producers out of using these names."


"Mr. Schwager (a cheese maker interviewed) says these agreements create confusion for customers and tremendous expense for his company, which must market its cheeses under different names. In Mexico, because of ongoing litigation, it must now sell its asiago as “Sartiago,” a change Mr. Schwager says has led to a roughly 30 percent drop in revenue from Mexico in the last 90 days."


"“The consumer doesn’t know what this is,” Mr. Schwager says. “We can’t even put ‘used to be called asiago’ on the label.”


Of course, the article also cited a dairy farmer (in Wisconsin) that supports President Trump's efforts:


"Mr. Ditter said that Mr. Trump had the back of Wisconsin dairy farmers and that the president’s tariff threats were an effort to ultimately negotiate lower tariffs for American businesses.


“Sometimes you have to suffer a little to get what you want,” he said. “To me, it ain’t mean. I think it’s just business.”


Obviously, we all hope that everything works out. Nevertheless, this article was interesting in that, if it doesn't work out as Mr. Trump promises, cheese makers like those in Muenster, Texas, would no long be able to export Muenster cheese to Mexico or the EU under that name, since it was not made in Muenster, Germany.


You do learn a lot during tariff disputes.