It is going to cost them more to buy U.S. politicians.
Nixon played the China card. Why can’t Trump play the Vietnam card? Seems to me that we have a trade partner that is willing and able to step into China’s shoes but under terms more favorable to the U.S.
10% can QUICKLY become 25% which can QUICKLY become 50% which can QUICKLY become 75%. LET IT BE SO. American companies and importers, remember the old maxim — YOU SNOOZE, YOU LOSE!
ChiComs all-in on creepy senile Joe Biden in 2020.
Close the ports.
Chinese thugs have never given a damn about their people starving to death. North Korea’s no different... As long as their effing elites are doing well they don’t care.
It’s gonna be the same here if democrats win.
You recently said: China has not made good on a promise to buy American agricultural goods in large quantities.
And also:
Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die! Trade talks are continuing.
So it is time to put the Mexican Squeeze on the Chicoms.
Recall the 26 people in Mexico that had their assets frozen, and using your EO of December 2017.
The conversation would go something like this:
Trump negotiator: You are delaying and prevaricating on your end of the agreement:
Chicoms:....more prevaricating
Trump Negotiator: So as a gesture of your sincerity here is a list of 26 people that are supplying Fentanyl to the USA and we would like you to freeze their assets within 24 hours
Chicoms:...more prevaricating
Trump negotiator: Then we have a similar list of 260 people and we we will freeze their assets world wide...maybe your name is on it....do you feel lucky punk?
Chicom negotiator: Yes Sir...please do it....its been so ordered straight away.
People have complained about China valuing their currency artificially low for a very long time. The only question is this: How low can you go?
And are we not trying to reduce our national debt by doing the same thing? Isn’t that the real reason behind the push for a high minimum wage - to monetize our debt?
Of course, there is a price to be paid for doing that, as Chinese citizens will discover.
This can’t be the free traitors and the anti-Trump media told us that Americans would be paying the tariffs.
They didn’t say China would devalue their currency to lower their product prices in response to the tariffs.
So wait, you mean that exchange rates adjust to compensate for tariff increases? That’s amazing, no one predicted this. Except for everyone.
I do not see how this is bad news. Raise tariffs even more and force them to even dump their currency. That will do a hit on their military and revenues while we get the cheapest deals on Chinese goods ever, at the same time funding our national debt with tariffs.
Maybe Vietnam or Mexico will not be able to export as much, who gives...
Trump is right. The devaluation of the Chinese Yuan and the Chinese companies eating the tariffs hurts China a great deal. They cannot sustain this policy for too long.
Overall, this is great news for U.S. consumers.
Wal-Mart purchasing managers have likely been telling their Chinese suppliers they “We don’t care about new or increased tariffs, we are not going to pay more for your products. If you don’t like it, we’ll buy from somewhere else.”
Other large buyers from other companies are likely telling the Chinese the same thing.
Trump is a great negotiator, but he has nothing on Wal-Mart when it comes to negotiating.
Note how the Yuan used to be very low, but it is under later Bush and throughout Obama that the Yuan went way up propping Chinese standard of living and stability there. Also think tanks tried to obviously screw currency traders telling them not to short Yuan...
Frankly this is a correction from the levels whose rise up seemed to coincide with a worsening of the banks before 2008.
Fine. Peg the tariff rate to the value of the yuan. If the yuan goes down then the tariffs go up.
China is the US’s biggest foreign creditor. China’s ownership of treasury notes, bills and bonds totals $1.11 trillion, according to the Treasury Department. Japan is next, with $1.1 trillion. Overall, US Treasury holdings by foreign nations is at a new all time high: $6.54 trillion. The previous record of $6.47 trillion was hit in March.
I’ll see your currency devaluation and raise you another 10% in tariffs.
The Government may want to strike a blow against tariffs by devaluing, but it also makes a lot of people want to get their money out of China, before it is devalued further.
If they roll tanks into Hong Kong to put down demonstrators, they could have full blown capital flight, and uncontrolled currency collapse.
Chinese Ghost Cities.
The country’s ambitious plans for urban growth have led to more than 50 abandoned cities whose empty buildings paint a dystopian landscape.
https://allthatsinteresting.com/chinese-ghost-cities