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Basically agree with this ^ imho it's def not a good idea to underestimate China full stop. Particularly when it comes to long term planning. Currently, the US $ dollar remains the strongest world currency ...
You used a word that can get you banned from the US Government and the US in general....even many of our corporations.
"Long Term Planning". We don't do it. We don't do big things any longer. No money in it. More money in fixing things that shouldn't need to be fixed than prevention (health care being just one example)....
If Americans want long term planning they should vote for it.
The 10% tariffs are still in place and still pushing up prices for consumers and dragging on our economy. That Trump blinked hardly deserves praise. He makes a mess and partially cleans it up. You don't get praise for that unless you are really struggling with a difficult child.
President Trump agreed to hold off on new tariffs and President Xi Jinping pledged to increase Chinese purchases of American products. The two also set the stage for more painstaking negotiations to resolve deeply rooted differences over trade.
The countries set an ambitious deadline of 90 days to reach a broader trade agreement, with the White House warning that if they did not come to terms by then, Mr. Trump would raise the existing tariff rate to 25 percent.
Just to let the dumb trumpters know.....china pledging to buy more American products was china’s original offer.......the Chinese are not offering anything new. They offered this before the trump tariffs and now trump accepts this offer and put off tariffs temporarily. So who won?
You used a word that can get you banned from the US Government and the US in general....even many of our corporations.
"Long Term Planning". We don't do it. We don't do big things any longer. No money in it. More money in fixing things that shouldn't need to be fixed than prevention (health care being just one example)....
If Americans want long term planning they should vote for it.
I get you. Additionally, taking for granted that the US $ will remain the "world's most dominant reserve currency" is reckless:
Quote:
...By the end of the 20th century, the United States dollar was considered the world's most dominant reserve currency.[1] The world's need for dollars has allowed the United States government as well as Americans to borrow at lower costs, granting them an advantage in excess of $100 billion per year.[2]
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Quote:
Originally Posted by pennyone
Just to let the dumb trumpters know.....china pledging to buy more American products was china’s original offer.......the Chinese are not offering anything new. They offered this before the trump tariffs and now trump accepts this offer and put off tariffs temporarily. So who won?
MCGA......make china greater again. Lol
Exactly - China was more than willing to buy US Agriculture, indeed it only stopped buying Soy because of Trump's tariffs in the first place and US Farmers had to be compensated by US tax payers as a result.
In terms of Oil, Gas and other energy sources China would happily take all the energy supplies the US can offer and the same applies to other products.
This could all have been negotiated without all the drama, although Trump seems to thrive on drama and threats.
The 10% tariffs are still in place and still pushing up prices for consumers and dragging on our economy. That Trump blinked hardly deserves praise. He makes a mess and partially cleans it up. You don't get praise for that unless you are really struggling with a difficult child.
Of whom there are more than an adequate representation on these boards.
The stupid ignore the truth, the truth is, they're stupid.
Hopefully China stands by the deal. I highly doubt it.
they don't have a choice...
China has a third of the world population, they can't not trade with the US, we fill in too much of the world trade for them to cut out, there is literally no one else they can trade with for how much they need. one or two countries maybe able to compensate on a few items, but it would take a handful of them to equal the output of the US. it takes the entire EU for example to match the US. China trading with multiple partners with each setting their own conditions, or with a single US? logistics would say getting imports from the same place each time is more efficient and less costly.
maybe China can get their goods from the EU, but it won't happen... EU doesn't produce what China need in the amounts they need it. Example being US has the advantage of agriculture by land area, no one else has as much land for as long of a growing season. The ones who do, Africa/parts of China, are in a desert (dry/hot), or in places where winter takes most of the year, Canada or Russia. Brazil matches the US in soybean production, but they can't produce any other crop at the same time. it takes their entire capacity for soybeans. Brazil's other big export is coffee, China isn't a big coffee importer
Africa/South America? the economies there aren't as stable, every few decades, there is a change in government
Trump is the one who started the tariff escalation, offering to stop now is obviously a political defeat domestically. He’s just losing and losing, aren’t you loving it?
Stock market will welcome this change for less inflation and higher interest rate fears.
Maybe YOUR economy, but tell that to the many businesses and industries who are being killed by his stupid tariffs. Tell that to the knowledgeable experts who are predicting a serious downturn in the near future, and tell that to the thousands of people who are still struggling to make ends meet.
The economy is as good as it has been because of the previous administration, IN SPITE of the efforts by the Republicans to squash anything Obama tried to do. Of course, Trumpees will NEVER give Obama any credit, it is all because of Trump !
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