Trade War with China

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AndrewS

Brigadier
Registered Member
People believe what they want to believe. It's human nature, very normal.

It's just that sometimes this kind of self-delusion can come at great costs. That's all.

No, it is the responsibility of the media to publish the truth.

Not for Fox News to publish and repeat lies in the media, just so they can make more money.
 

AndrewS

Brigadier
Registered Member
Yet another trade war?

India Raises Tariffs, Escalating Trade Fight With Trump
New York Times

MUMBAI, India — India announced late Saturday that it would raise tariffs on 28 categories of imports from the United States, the latest escalation in what has been a slow-motion trade fight between the two countries.

The increased tariffs, on $1.4 billion of goods, went into effect Sunday morning in India and cover almonds, walnuts, apples and finished metal items, among other products.

Unlike other trade battles that President Trump has waged, such as the increasingly bitter feud with China, the conflict with India threatens far less economic pain to either country.

Read more
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CMP

Senior Member
Registered Member
the debate you linked to also spells out pretty clearly how canada values strategic coordination with the americans much more than economic coordination with china. that being the case, i think china should jettison the economic relationship with canada entirely once the meng debacle is over, one way or the other.
 

AssassinsMace

Lieutenant General

I suggest people take with a grain of salt the noise coming from the media and those that repeat them regarding any pessimism on China in the trade war. Just because they say they report unbiased and truthful news, it doesn't mean a lighting bolt from the heavens will strike them down if they were lying.

All I see is a bunch of people trying to manipulate China into yielding to the US. Give everything the US wants and stick to their technology and operating systems. Sorry but it's typical that it's China that has to bow down because every else wants the easier road to travel. China must surrender to US demands so they don't have to spend resources adjusting to the new system. People wonder if China already had an operating system ready, why didn't they just switch over already before Trump's ban? And because they didn't, it must mean they don't have one ready. Maybe because before Trump, it would be an extra added expense not necessary before but for an emergency such as this. But because of Trump, they have to implement it now which they seem to be doing. Of course everyone else indirectly taking a hit because of Trump would rather have China surrender so it doesn't cost them. Yes it's time China go by its own standard in technology so it doesn't have to pay their license fees. That's the flip side of the coin that Trump as usual didn't even entertain this which is US companies won't be making money from selling products nor from license fees. A decade ago the West lobbied hard because Beijing was thinking of implementing its own standard in technology in general. Western companies didn't like it because again they would have to spend money on two separate standards in order for their products to work and to make money. They'll not spend time changing Trump's mind but they think it's easier to convince the Chinese into taking a bad deal.

The nightmare scenario for the West is China doing to them what Trump is doing to China right now. Trump and his minions and followers don't see it because they want to believe white people are superior and no one else can do anything without them. That's why they think China will eventually surrender because it has no other choice. But an independent China with a Chinese standard owned by Chinese... they have to follow in order to make money in the Chinese market and then at any time those countries start trouble like Canada can get banned from using that standard because it belongs to China just like what Trump is doing right now. That's why they cannot let Chinese technology dominate because they will be subject to what Trump is doing to China but China will be the one in control. That would certainly be happening to Canada right now if there was a Chinese standard in technology. It's not China that opened this Pandora's Box. Maybe they should spend all their time reigning in their master.

All the US's allies need to sell their products to other countries in order to maintain their 1st world living standards. The 2008 Western Financial Crisis exposed the problem the West is having where they don't make enough money on their own to maintain that 1st world living standard they like to brag that others vie for. They have to borrow money because they don't make enough. Trump thinks he just has to wave his hand and all US allies and the world will follow in line without any kind of reciprocity. Did Trump believe the old stereotypes that China buys nothing from the rest of the world especially the US to which it never even entered his minds that Western companies would lose making money from China?

By their logic Canada and Mexico would have far more leverage than China since they trade more with the US than China. Yet they folded so easily and still are vulnerable to the mood swings of Trump getting out of bed the wrong way in the morning.
 

AndrewS

Brigadier
Registered Member
the debate you linked to also spells out pretty clearly how canada values strategic coordination with the americans much more than economic coordination with china. that being the case, i think china should jettison the economic relationship with canada entirely once the meng debacle is over, one way or the other.

Canada does the vast majority of its trade and investment with the USA.
There's no way Canada can escape being 9x smaller than the USA.
Not can Canada avoid sharing a long land border with the USA.

They don't have any choice but to acquiesce to the US, and we should just recognise that reality.
 
here's Why New Balance turned on Trump over China tariffs
Updated 10:48 AM ET, Sun June 16, 2019
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American sneaker company New Balance welcomed
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tough trade stance in 2016 -- but now the athletic footwear manufacturer is strongly opposing the President's latest threat to expand tariffs on China.
New Balance boasts that it's the only major company to make more than four million pairs of athletic shoes a year domestically. It has five New England factories, with one more expected to open next year. The catch? It needs to import component parts from China that are no longer made in the United States.
"The
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will risk our company's overall financial health, which will in turn limit our ability to maintain and reinvest in our American factories," said a letter submitted by New Balance to the US Trade Representative's Office ahead of a hearing next week.
It's just one example of how many American corporations have built supply chains that span the globe, and why Trump's protectionist trade policies won't work to bring manufacturing back to the United States. It's just too hard to ding China without hurting American companies, workers and consumers along the way.
New Balance will join a chorus of opposition to a proposed new round of tariffs on Chinese goods at hearings this week. More than 300 company executives and trade group officials are scheduled to testify, from industries ranging from apparel and toys to fishing and fireworks.
Until now, New Balance has focused on fighting efforts to open up trade. The company fought the Trans-Pacific Partnership trade agreement, which would have phased out tariffs on shoes coming from Vietnam.
Shortly after Trump was elected, the company's vice president of public affairs, Matt LeBretton,
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with Trump as president, adding that the Obama administration had "turned a deaf ear" to New Balance in regards to the Trans-Pacific Partnership.
The comments sparked immediate outcry, and some
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Trump
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from the massive free trade deal as one of his first acts as president.
Now New Balance, which has fought counterfeit operations in China for years, says Trump's tariffs -- which Trump has argued will get China to agree to favorable terms in a new trade deal -- won't help the challenges it faces from abroad.
"Punitive tariffs on imports of footwear components from China will not further these important objectives, but they will threaten our ability to continue manufacturing and investing in our US footwear factories," Monica Gorman, New Balance's vice president of global compliance, is expected to say at the hearing, said the
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sent to the US Trade Representative's Office.
New Balance did not respond to calls from CNN for this story.
Trump put a first round of tariffs on $50 billion of Chinese-made goods nearly a year ago, amid negotiations for a broader trade deal that would address issues over intellectual property theft and forced technology transfers.
But the two countries have yet to strike a deal and Trump continues to use tariffs as a negotiating tactic. He put a 10% tariff on another $200 billion of Chinese goods in September, and then
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Now, he's considering imposing tariffs on an additional $300 billion of Chinese-made goods, which would effectively put a tariff on all imports coming in from China.
Last week, more than 600 companies and industry trade associations-- including Walmart, Costco, Target, Gap, Levi Strauss and Foot Locker --
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urging Trump to remove levies on China and end the ongoing trade war.
Footwear groups say that new tariffs won't bring back the suppliers of uppers (the part around your foot), soles or inserts. The US footwear industry produces just 25 million pairs of shoes a year, while importing 2.5 billion, despite existing tariffs on foreign-made shoes and materials.
"It will not happen. We've had high duty rates for 90 years and production still left," said Matt Priest, president and CEO of the Footwear Distributors and Retailers of America, which has opposed Trump's tariffs.
 

Hendrik_2000

Lieutenant General
Here is how trade war affect one industry namely Bike industry It just create chaos with no benefit Let face it the bike industry is not going to come back to US It is low profit business and with the high typical hourly rate in US it cant be built in US
 

Arkboy

New Member
Registered Member
The US doesn't actually want any trade deal at all, it is all about decoupling the two economies since they believe at this point that is the best strategic move is a quick untanglement. Hence everything is designed to intentionally irritate China in order to provoke it to retaliate and thus speed up the decoupling process even more, which is the true goal here. America views this as its crossing the Rubicon, since it knows that inaction will mean certain defeat. It believes right here and right now is the point of inflection and if it doesn't do whatever it takes to contain China using any and all means necessary it will forever lose the initiative and never get the chance again. For this reason, Huawei ban will never get reversed.

Also, Huawei could be just the tip of the iceberg, I'm sure right about now all the tech companies in China are getting together with the Chinese government to work out a plan forward. Huawei making its own Android alternative isn't just about Huawei anymore, it will be leveraged as an insurance policy against the credible threat of Trump administration putting more Chinese tech firms onto the list, such as Oppo, DJI, etc etc Once a homegrown OS or chip ability is developed, it will be adopted and used by all Chinese companies to help shelter the coming storms, the only hope and only way forward is for all of China to stick together. The Chinese domestic consumer market is surpassing that of the US, it no longer makes sense to prop up the unsustainable petrodollar hegemony at the expense of its own BRI plans... Geopolitically it is a zero sum game, and at the very least, Asians should be in charge of the affairs of Asia. This is why MIC2025 is more important than ever for China in terms of an existential perspective.

At a macroeconomic and geopolitical level it is a zero sum game. China rises at the expense of the American empire and vice versa. The focus now is on 5G, the Internet of Things, AI, big data, and the kind of next level automation and intelligence multiplier factor that comes with it. From self driving cars to helpdesk and call centers to all facets of the traditional workforce, increasingly neural networks/machine learning and AGI are able to do tasks better than humans, and in a much more scalable way, reducing many jobs from janitors to CEO high level decision making to mere electric or electricity costs to run the deep learning inference models and associated applications etc. This sort of efficiency in productivity should have brought about massive increases in standards of living if it were for the fact that globally we have approached and hit the ceiling to the limits of growth, and things like climate and environmental degradation, peak oil, diminishing eroei etc offest even the greatest productivity achievements that could be accomplished by a super AI. The basic premise of a UBI society is that artificial intelligence handles the bulk of the "work", ushering into massive abundance due to productivity, and we humans enjoy the resource allocation. But this ideal scenario is predicated upon an environment in which the global resources haven't yet hit hard constraints.

To but it bluntly, automation screwing people out of a job in masse could barely even cover for the hard constraints in limits to resource extraction/availability imposed upon us by the laws of physics, much less enable the sort of redistribution of abundance in that sort of utopia society that most people ideally are hoping for. AI screwing people out of a job will be a increasingly necessary thing to keep the lights on and the fabric of society and civilization tenable, but the displaced will never be given the reallocation of wealth that never even existed in the first place and doesn't in fact exists at all to give out. During Trumps first election campaign he mentioned zero about AI, it was always about China and bring jobs back due to outsourcing, but in truth the jobs are never coming back, even if all US companies left China and came back to the USA, their workforce will get replaced by robots and AI, human's run is over forever. This is why candidates like Andrew Yang is preaching UBI and giving everyone free money every month etc and running on the Humanity First motto. Even without AI, the underlying theme for the last quarter century has been one of undercutting and a sort of race to the bottom. Be it outsourcing or paying employees less salary and expecting more work, these are all symptoms of the larger disease of global resource constraints and optimization/cannibalization (like all the mergers/consolidations and whatnot) are the only form of means for survival... Right now China is offering the world a "better deal" like how Huawei is/was offering the market a "better deal" than Cisco or Apple or even Samsung, and a bipolar world or multi-polar world is good for overall competition giving the smaller nations an option to shop around, obviously America releases that once petrodollar hegemony is eroded it will lose its superpower status, but what is happening is the equalibrization of power and purchasing parity as West shifts East, China on the rise and "winning" (in relative comparison) because it is offering the world a better deal and by extension is undercutting USA, as part and parcel of the aforementioned "optimization" gains the world needs to keep functioning in light of the diminishing returns of resource constraints globally. Certainly in the US homeland, the trend of shrinking middle class will only continue accelerate until the elite and the concentration of power decide that it is in powers best interest to do a culling of sorts. The erosion of rights and civil liberties will certainly accelerate in that direction.
 
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