Let's just say they and the most extreme Islamic fundamentalist deserve each other. What piss me off is they want to pull China into their craziness.
Trade War with China
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Let's just say they and the most extreme Islamic fundamentalist deserve each other. What piss me off is they want to pull China into their craziness.
This is next-level delusion.
Xi Jinping's remarks at Boao were not at all conciliatory. They were merely a restatement of China's commitment to further open up sectors of its economy. The White House is grossly misreading Chinese intentions and underestimating Chinese resolve. There is no way bilateral talks can resume if the Trump administration continues along this path.
Xi Jinping's remarks at Boao were not at all conciliatory. They were merely a restatement of China's commitment to further open up sectors of its economy. The White House is grossly misreading Chinese intentions and underestimating Chinese resolve. There is no way bilateral talks can resume if the Trump administration continues along this path.
All this year, the world kept saying China is a developing country, but now, once a trade dispute occur, America want China to act like a developed countries in one of its speeches.
Just like how the world kept saying China is polluting the world with its recycling facility, but when it stop accepting foreign garbage, the world now have to wake up and find way to deal with their own garbage
Just like how the world kept saying China is polluting the world with its recycling facility, but when it stop accepting foreign garbage, the world now have to wake up and find way to deal with their own garbage
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Quickie
Colonel
Trump and his advisers think that it's easy to win trade wars with China because of the big deficit and China not having enough ammunition. The only problem is the irony that the deficit may not be really that big (giving America more ammunition) when the amount of profits American companies makes in China is taken into account.
In Trade Spat, China Has a Secret Weapon
American companies could face a popular backlash.
By
Michael Schuman
19
April 13, 2018, 5:00 AM GMT+8
Watch out.
Photographer: Peter Parks/AFP
Markets are quivering as fears of a U.S.-China trade war ebb and flow. Thus far, they've mostly been focused on tariffs that President Donald Trump wants to impose on a range of Chinese goods, and China's threats to retaliate. But investors may be overlooking a bigger risk in this dispute.
It's true that duties on U.S. imports would hurt -- hands are already in farm country -- but there's a limit to how much pain they can really inflict. The persistent worry that China will dump its mammoth of Treasury bills is probably unfounded as well.
The risks for U.S. firms already operating in China, however, could be significant. Here Beijing can stab at the soft underbelly of a wide range of American companies, from Apple Inc. to General Motors Co. to Starbucks Corp. Although these companies have well-established brands, sizable businesses, and strong connections to Chinese consumers, they could still face serious harm if Beijing wants to turn up the heat on Trump.
In some cases, such as automobiles, these companies have been effectively forced to produce locally by China's trade policies. In others, the nature of the business makes it necessary to be close to Chinese consumers. Whatever the reason, tariffs will have a minimal impact on many of these U.S. operations.
GM offers a good example. It has imported a mere 150 Camaros from the U.S. into China this year; the rest of the cars it and its partners have sold -- in the first quarter alone -- were manufactured on the ground. If China really wanted to pressure a company like GM, it would have to resort to methods other than import barriers.
What might that look like? For one thing, bureaucrats wield tremendous control over the life and death of companies in China. Holding up the dizzying array of permits and licenses required of businesses would be one way to slow the expansion of American competitors in the Chinese market.
A more powerful -- and potentially devastating -- weapon would be a boycott of U.S. products. Beijing has used such campaigns in past disputes, sometimes with catastrophic consequences.
Six years ago, amid rising tensions with Japan over a batch of disputed islands, China used state media to rile up , who attacked Japanese cars and businesses. Sales of Toyotas, Hondas and Nissans all as a result.
More recently, China tried to pressure South Korea into ditching a U.S. missile-defense system that Beijing perceived as a threat. It K-pop stars from the mainland, Chinese firms boycotted Korean products, and Korean businesses under the strain. In 2015, Hyundai Motor Co. was the third-most popular passenger vehicle brand in China, with 5 percent of the market; last year, its share had slipped to 3.1 percent, ranking Hyundai 11th, according to LMC Automotive.
You might argue that pressuring U.S. companies in this manner could backfire. After all, those companies employ a ton of people: GM (including its joint ventures) has 58,000 workers in China. But Beijing has previously shown that it's willing to absorb such costs to meet its strategic goals. Amid the anti-Korea campaign, Kia Motors Corp. the working hours and pay of its Chinese employees as sales sunk.
in U.S.-China trade, however, there's a limit to how much Beijing can match Trump's tactics with tariffs alone. There are only so many American imports to tax. If (or when) the authorities choose to go after U.S. companies in China, they can whip up protests and boycotts at the drop of a Nike cap.
The fallout could be significant, and should seriously concern American executives. Imagine what would happen to GM if its sales in China -- which represent more than of its total -- fell in similar proportion to Toyota's in 2012. Or if Starbucks, which is opening a new store in China , saw its coffee shops ransacked by protesters.
Hopefully, things won't degenerate to that point. But in their apparent naivete, Trump and his advisers have stumbled into a wresting match with an authoritarian state capable of rallying far more public support for its positions than Trump could in a divided, democratic America. That's what investors should really worry about.
In Trade Spat, China Has a Secret Weapon
American companies could face a popular backlash.
By
Michael Schuman
19
April 13, 2018, 5:00 AM GMT+8
Watch out.
Photographer: Peter Parks/AFP
Markets are quivering as fears of a U.S.-China trade war ebb and flow. Thus far, they've mostly been focused on tariffs that President Donald Trump wants to impose on a range of Chinese goods, and China's threats to retaliate. But investors may be overlooking a bigger risk in this dispute.
It's true that duties on U.S. imports would hurt -- hands are already in farm country -- but there's a limit to how much pain they can really inflict. The persistent worry that China will dump its mammoth of Treasury bills is probably unfounded as well.
The risks for U.S. firms already operating in China, however, could be significant. Here Beijing can stab at the soft underbelly of a wide range of American companies, from Apple Inc. to General Motors Co. to Starbucks Corp. Although these companies have well-established brands, sizable businesses, and strong connections to Chinese consumers, they could still face serious harm if Beijing wants to turn up the heat on Trump.
In some cases, such as automobiles, these companies have been effectively forced to produce locally by China's trade policies. In others, the nature of the business makes it necessary to be close to Chinese consumers. Whatever the reason, tariffs will have a minimal impact on many of these U.S. operations.
GM offers a good example. It has imported a mere 150 Camaros from the U.S. into China this year; the rest of the cars it and its partners have sold -- in the first quarter alone -- were manufactured on the ground. If China really wanted to pressure a company like GM, it would have to resort to methods other than import barriers.
What might that look like? For one thing, bureaucrats wield tremendous control over the life and death of companies in China. Holding up the dizzying array of permits and licenses required of businesses would be one way to slow the expansion of American competitors in the Chinese market.
A more powerful -- and potentially devastating -- weapon would be a boycott of U.S. products. Beijing has used such campaigns in past disputes, sometimes with catastrophic consequences.
Six years ago, amid rising tensions with Japan over a batch of disputed islands, China used state media to rile up , who attacked Japanese cars and businesses. Sales of Toyotas, Hondas and Nissans all as a result.
More recently, China tried to pressure South Korea into ditching a U.S. missile-defense system that Beijing perceived as a threat. It K-pop stars from the mainland, Chinese firms boycotted Korean products, and Korean businesses under the strain. In 2015, Hyundai Motor Co. was the third-most popular passenger vehicle brand in China, with 5 percent of the market; last year, its share had slipped to 3.1 percent, ranking Hyundai 11th, according to LMC Automotive.
You might argue that pressuring U.S. companies in this manner could backfire. After all, those companies employ a ton of people: GM (including its joint ventures) has 58,000 workers in China. But Beijing has previously shown that it's willing to absorb such costs to meet its strategic goals. Amid the anti-Korea campaign, Kia Motors Corp. the working hours and pay of its Chinese employees as sales sunk.
in U.S.-China trade, however, there's a limit to how much Beijing can match Trump's tactics with tariffs alone. There are only so many American imports to tax. If (or when) the authorities choose to go after U.S. companies in China, they can whip up protests and boycotts at the drop of a Nike cap.
The fallout could be significant, and should seriously concern American executives. Imagine what would happen to GM if its sales in China -- which represent more than of its total -- fell in similar proportion to Toyota's in 2012. Or if Starbucks, which is opening a new store in China , saw its coffee shops ransacked by protesters.
Hopefully, things won't degenerate to that point. But in their apparent naivete, Trump and his advisers have stumbled into a wresting match with an authoritarian state capable of rallying far more public support for its positions than Trump could in a divided, democratic America. That's what investors should really worry about.
a scenario analysis on the China-US trade war, the financial front
in the tit for tat trade war, China will soon run out cards, so it may resort to its last weapon, the US treasury.
how much damage a sell down can do to the US financial market? actaully the impact is straight forward, because there's a one to one correspondence between the treasury price and the interest, interest is the inverse of bond price, that is:
1/P=R=1+r
China holds about 10% of the US treasury in circulation, if China dumps the treasury, a 20% nominal loss will push up the10-year treasury interest by 2%, and the 5-year interest by 4%, it's as simple as that. if America can stand a 2-4% interest hike in one go, that's Trump's business.
selling the treasury will get the dollar, that's no reason for China to swap one US paper for another, China will dump the dollar on the Forex market, that's the double-whammy.
the US cannot live without the international market, it need to raise a trillion every year to finance its deficit.
in the tit for tat trade war, China will soon run out cards, so it may resort to its last weapon, the US treasury.
how much damage a sell down can do to the US financial market? actaully the impact is straight forward, because there's a one to one correspondence between the treasury price and the interest, interest is the inverse of bond price, that is:
1/P=R=1+r
China holds about 10% of the US treasury in circulation, if China dumps the treasury, a 20% nominal loss will push up the10-year treasury interest by 2%, and the 5-year interest by 4%, it's as simple as that. if America can stand a 2-4% interest hike in one go, that's Trump's business.
selling the treasury will get the dollar, that's no reason for China to swap one US paper for another, China will dump the dollar on the Forex market, that's the double-whammy.
the US cannot live without the international market, it need to raise a trillion every year to finance its deficit.
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Jura The idiot
General
That's a little unfair, despite best propaganda efforts, Americans die like the rest of us, although, apparently, they all go to heaven while the rest of us rot in hell. There's always new generations that need to learn! Non of your liberal, expert, swamp infested, fakery here please
As there are sections of the American population that tend to pass on the more "important" things in life like 'Manifest Destiny, God, right to bear arms, liberty, freedom, immigrant bashing, lock her up, tiki torches blah blah blah" rather than godless things like science (global warming and evolution what's that all about!) to their offspring. So where would a mere social science like geography figure on the spectrum it's almost a liberal art....... This all seems to be another 'structural' issue, a bit like wanting sky high wages, not saving any of it but demanding to buy things really cheaply which must be made by the people demanding sky high wages, then threaten a trade war when you don't get it!
I think the US via it's various "military outreach programs" (aka wars and occupation) enables tens of thousands of otherwise deprived american youths to see the world engage in some of their favourite past times (shooting at things and checking out (female) talent ) without having to pay for their travel or in war zones even the need to apply for a passport, all this in order to address the short comings in basic education!
Although some of the countries where these 'field trips' have occurred seem to be suffering from social and economic issues as a result, its not a US problem, but a local issue after all the USA is not in the business of nation building!
Meanwhile the rest of world on the whole tends to make do with classrooms, maps and teachers and tend to pass those liberal expert tests of pointing correctly to countries on a map which you mention, but that's American exceptionalism for you!
To borrow yet another quaint Americanism
'The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.' - Thomas Jefferson
I guess in a section of the American psyche it goes beyond 'trees of liberty' to also apply to geography and perhaps the educational experience as a whole!
IMHO you have to worry when satire sounds like real life!!
Jura The idiot
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