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I am sure there are other ways as well. I mean, all of that tariff stuff is illegal from the WTO's perspective anyway, so the Chinese might not limit themselves to tariffs. Makes me wonder, if China is so bad, why not file complaints with the WTO, which is responsible for those things? WTO fines can be quite hefty...
We've done that in the past countless times. It takes years to resolve and everyone ignores the rulings anyway. By then, the damage is done and the fines are a pittance relatively.
Also, communism and capitalism are the products of the West
No, private and publicly traded companies just like in the West. BBK for instance, one of the biggest manufacturers of cell phones and consumer electronics.
Weird statement. Official communism was the idea of a German philosopher, yes, but that has nothing to do with the West. Communism had been used long before that in many societies, just not under the name communism. Just like democracy existed before ancient Greece.
In fact, in my view China is not much different from the way it was 2000 or 1000 years ago, i.e. a strong state and a lot of state and private economic activity and trade. Society has also changed little since then. Chinese culture is surprisingly robust and consistent, which can be a good or a bad thing. China never was like the West.
There was a report on that just last night on the evening news. Eastern Europe, Netherlands, Germany, Austria, etc.
The Iberian Peninsula (where I live) is so far not affected, but who knows for how long in view of all the trading within the EU...
There was a report on that just last night on the evening news. Eastern Europe, Netherlands, Germany, Austria, etc.
The Iberian Peninsula (where I live) is so far not affected, but who knows for how long in view of all the trading within the EU...
all of those places? i can find nothing to that effect on the news. there's a single WaPo story about it reaching Europe but it's paywalled.
African swine fever is really horrible, like pig ebola. 100% mortality rate.
We've done that in the past countless times. It takes years to resolve and everyone ignores the rulings anyway. By then, the damage is done and the fines are a pittance relatively.
I don't agree. Airbus and Boeing are not happy about the billions of dollars they might have to pay soon.
After all, the tariffs against China are an ideological tool, not a financial one. The deficit is not really the problem, anyway:
You realize your hypothetical decline in growth from 6 to 4% is a 33% drop in economic growth. That is significant. Chinese company leveraging is at all time highs, the Chinese government tried a small deleveraging maneuver in January. They will need to do more soon, too. Margin buying of Chinese stocks by Chinese investors is up - 5.62B USD in February - another sign of addiction to growth.
China could not afford, hardly survive with a 33% decline in economic growth. Regime change would be in the offing.
Quote:
Originally Posted by Neuling
It might slow China's growth a bit in the short run (like, from 6 to 4%), but not more than that as demand increasingly comes from within the country and from other countries. China (like many other countries) faces much greater unemployment challenges from automation than from reduced US demand.
Trade war is a fake battle that the dotard started so he could crow about how he solved it. Wouldn't be the first time he tried such a stunt.
Only problem is the Chinese don't care about the short term. If America wants to raise prices on the goods which they import, China is not going to stop them.
So Trump is now left in a quandary. His gambit failed, and now he looks foolish except to those who believe that raising prices (tariffs) by $100 Billion (his figures) is somehow punishing China.
Kudlow spouted every day for a month about how great the negotiations were going. Except they weren't. Now China is here to "negotiate" and the whole mess has been kicked down the road for a month. The only war which remains is how America (well, the WH) is going to get themselves out of the mess they created.
I am reminded of "what if they started a war and nobody came"? That pretty much sums it up. Trump tried to muscle China, and they just stared at him like he is a fool. And to add insult, Kim fired a few missiles just to further muddy the waters. Think China had anything to do with that little charade to throw the dotard off his game (whatever that might be)?
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