I went through the list and I'm puzzled. Who will this hurt most, China, Chinese citizens who consume these foods, Manufacturers that need many of these products to make cheap shit to send back to the US?
I don't know, but I think China just shot themselves in the foot.
Goods China imports from the US Tariffs
Fresh fruit, dried fruit and nut products
1 Dried coconut 15%
2 Coconut without inner shell 15%
3 Other coconut 15%
4 Unhulled Brazilian nuts 15%
5 Shelled Brazilian nuts 15%
6 Unshelled cashews 15%
7 Shelled cashew 15%
8 Unshelled almonds 15%
9 Shelled almonds 15%
10 Hazelnuts 15%
11 Unshelled hazelnuts 15%
12 Unshelled walnuts 15%
13 Walnut kernels 15%
14 Unhulled chestnut 15%
15 Other shelled chestnuts 15%
16 Unhulled pistachio fruit 15%
17 Hulled pistacchio nut 15%
18 Other unhulled macadamia nuts 15%
19 Roasted macadamia nuts 15%
20 Betel nut fruit 15%
21 Pine nuts 15%
22 Other fresh or dried nuts 15%
23 Fresh or dried plantain 15%
24 Other fresh or dried bananas, except for plantains 15%
25 Fresh or dried dates 15%
26 Fresh or dried figs 15%
27 Fresh or dried pineapple 15%
28 Fresh or dried avocado 15%
29 Fresh or dried guava 15%
30 Fresh or dried mango 15%
31 Fresh or dried mangosteen 15%
32 Fresh or dried orange 15%
33 Other citrus (including mandarin orange and satsuma orange) 15%
34 Clementine orange 15%
35 Virgin orange and similar hybrid citrus 15%
36 Grapefruit, including pomelo 15%
37 Lemons and limes 15%
38 Unlisted citrus fruits 15%
39 Fresh grapes 15%
40 Raisins 15%
41 Fresh watermelon 15%
42 Fresh cantaloupe 15%
43 Papaya 15%
44 Fresh apples 15%
45 Fresh pears and pears 15%
46 Other fresh pears 15%
47 Fresh sour cherries 15%
48 Other fresh cherries 15%
49 Peaches, including nectarines 15%
50 Fresh plum and prunes 15%
51 Fresh strawberries 15%
52 Fresh raspberry, blackberry, mulberry and loganberry 15%
53 Fresh cranberry and cowberry 15%
54 Kiwi 15%
55 Fresh durian 15%
56 Persimmon 15%
57 Fresh lychee 15%
58 Fresh longan 15%
59 Rambutan 15%
60 Fresh sweet lychee 15%
61 Fresh carambola 15%
62 Fresh lotus fog 15%
63 Fresh pitaya 15%
64 Fruits not listed 15%
65 Frozen strawberries 15%
66 Frozen raspberries, blackberries, mulberries, rose hips, currant and gooseberries 15%
67 Frozen fruits and nuts, not listed 15%
68 Temporarily preserved cherries 15%
69 Other temporarily preserved fruits and nuts 15%
70 Dried apricots 15%
71 Mei qiang and li gan 15%
72 Dried apples 15%
73 Dried longan and pulp 15%
74 Dried persimmons 15%
75 Red dates 15%
76 Dried lychee 15%
77 Unlisted dried fruit 15%
78 Assorted nuts or dried fruits 15%
Wine
79 Sparkling wine 15%
80 Other fresh brewed wines packed in containers of two liters or less, or brewed with alcohol inhibiting fermentation of grape juice 15%
81 Wines brewed with other fresh grapes packed in two-litre containers, but not more than 10 litres, or containing alcohol brewed from fermented grape juice 15%
82 Wines made from other fresh grapes packed in containers of 10 liters or more, or brewed with alcohol, which inhibits grape juice fermentation 15%
83 Other items from grape juice wine 15%
Modified ethanol
84 Modified ethanol and other alcohols of any concentration 15%
Ginseng
85 American ginseng 15%
86 Other fresh ginseng 15%
87 Unlisted ginseng 15%
Stainless steel pipes
88 Stainless steel oil and gas pipeline pipe, 215.9mm ≤ outside diameter ≤ 406.4mm 15%
89 Stainless steel oil and gas pipeline pipe, 114.3mm < outside diameter < 215.9mm 15%
90 Stainless steel oil and gas pipeline pipe, outside diameter ≤114.3mm 15%
91 Stainless steel oil and gas pipeline pipe, outside diameter > 406.4mm 15%
92 Other steel oil and gas pipeline pipes, 215.9mm ≤ outside diamteter ≤ 406.4mm 15%
93 Pipes for other steel, oil and gas pipelines, 114.3mm < outside diameter <215.9mm 15%
94 Pipes, other steel, petroleum and natural gas, outside diameter ≤ 114.3mm 15%
95 Other steel oil and gas seamless pipe, external diameter > 406.4mm 15%
96 Oil and gas drilling pipes made of stainless steel, outside diameter ≤ 168.3mm 15%
97 Oil and gas drilling pipes made of stainless steel, outside diameter>168.3mm 15%
98 Other steel drilling oil and gas drilling pipes, outside diameter ≤ 168.3mm 15%
99 Other steel drilled oil and gas drilling pipes, external diameter>168.3mm 15%
100 Seamless casing and conduits for drilled petroleum or natural gas made of stainless steel 15%
101 Other seamless steel casings for oil and gas drilling with a yield strength of less than 552 MPa catheter 15%
102 Other steel drilling oils with a yield strength of 552 MPa or more but less than 758 MPa and seamless casing and conduits for natural gas 15%
103 Seamless sets for oil and gas drilling of other steels with a yield strength of 758 MPa or more Tubes, catheters 15%
104 Seamless boiler tubes for cold drawn or cold rolled iron or ordinary steel 15%
105 Seamless or cold-rolled iron or common steel seamless geologic drill pipe, casing 15%
106 Undrawn or cold-rolled iron or plain steel seamless circular cross-section tubes 15%
107 Non-cold drawn or cold rolled iron or ordinary steel seamless boiler tubes 15%
108 Non-cold-drawn or cold-rolled iron or ordinary steel seamless geologic drill pipe, casing 15%
109 Non-cold drawn or cold-rolled iron or plain steel seamless circular cross-section tubes, not elsewhere specified 15%
110 Cold drawn or cold rolled stainless steel seamless boiler tubes 15%
111 Undrawn or cold-rolled stainless steel seamless circular cross-section tubes 15%
112 Non-cold drawn or cold rolled stainless steel seamless boiler tubes 15%
113 Non-cold drawn or cold rolled stainless steel seamless circular cross-section tubes 15%
114 Cold-drawn or cold-rolled other alloy steel seamless boiler tubes 15%
115 Seamless steel alloys, cold drawn or cold rolled 15%
116 Unalloyed cold-drawn or cold-rolled alloy steel seamless circular cross-section tubes 15%
117 Other alloy steel seamless boiler tubes, not drawn or cold-rolled 15%
118 Non-cold-drawn or cold-rolled seamless steel tubes and casings for other alloy steels 15%
119 Non-cold drawn or cold rolled alloy steel seamless circular cross-section tubes 15%
120 Other seamless steel tubes and hollow profiles (except cast iron) 15%
Pork products
121 Fresh or cold boned pig forelegs, hindquarters and their meat 25%
122 Other fresh or cold pork 25%
123 Other frozen whole head and half pork 25%
124 Frozen bone forelegs, pigs' legs and their meat 25%
125 Other frozen pork 25%
126 Frozen pork liver 25%
127 Other frozen pork chops 25%
Scrap aluminum
128 Aluminum scrap 25%
http://images.mofcom.gov.cn/www/201803/20180326085959196.pdf
Quote from: Solar on April 07, 2018, 01:25:16 PM
I went through the list and I'm puzzled. Who will this hurt most, China, Chinese citizens who consume these foods, Manufacturers that need many of these products to make cheap shit to send back to the US?
I don't know, but I think China just shot themselves in the foot.
Goods China imports from the US Tariffs
Fresh fruit, dried fruit and nut products
1 Dried coconut 15%
2 Coconut without inner shell 15%
3 Other coconut 15%
4 Unhulled Brazilian nuts 15%
5 Shelled Brazilian nuts 15%
6 Unshelled cashews 15%
7 Shelled cashew 15%
8 Unshelled almonds 15%
9 Shelled almonds 15%
10 Hazelnuts 15%
11 Unshelled hazelnuts 15%
12 Unshelled walnuts 15%
13 Walnut kernels 15%
14 Unhulled chestnut 15%
15 Other shelled chestnuts 15%
16 Unhulled pistachio fruit 15%
17 Hulled pistacchio nut 15%
18 Other unhulled macadamia nuts 15%
19 Roasted macadamia nuts 15%
20 Betel nut fruit 15%
21 Pine nuts 15%
22 Other fresh or dried nuts 15%
23 Fresh or dried plantain 15%
24 Other fresh or dried bananas, except for plantains 15%
25 Fresh or dried dates 15%
26 Fresh or dried figs 15%
27 Fresh or dried pineapple 15%
28 Fresh or dried avocado 15%
29 Fresh or dried guava 15%
30 Fresh or dried mango 15%
31 Fresh or dried mangosteen 15%
32 Fresh or dried orange 15%
33 Other citrus (including mandarin orange and satsuma orange) 15%
34 Clementine orange 15%
35 Virgin orange and similar hybrid citrus 15%
36 Grapefruit, including pomelo 15%
37 Lemons and limes 15%
38 Unlisted citrus fruits 15%
39 Fresh grapes 15%
40 Raisins 15%
41 Fresh watermelon 15%
42 Fresh cantaloupe 15%
43 Papaya 15%
44 Fresh apples 15%
45 Fresh pears and pears 15%
46 Other fresh pears 15%
47 Fresh sour cherries 15%
48 Other fresh cherries 15%
49 Peaches, including nectarines 15%
50 Fresh plum and prunes 15%
51 Fresh strawberries 15%
52 Fresh raspberry, blackberry, mulberry and loganberry 15%
53 Fresh cranberry and cowberry 15%
54 Kiwi 15%
55 Fresh durian 15%
56 Persimmon 15%
57 Fresh lychee 15%
58 Fresh longan 15%
59 Rambutan 15%
60 Fresh sweet lychee 15%
61 Fresh carambola 15%
62 Fresh lotus fog 15%
63 Fresh pitaya 15%
64 Fruits not listed 15%
65 Frozen strawberries 15%
66 Frozen raspberries, blackberries, mulberries, rose hips, currant and gooseberries 15%
67 Frozen fruits and nuts, not listed 15%
68 Temporarily preserved cherries 15%
69 Other temporarily preserved fruits and nuts 15%
70 Dried apricots 15%
71 Mei qiang and li gan 15%
72 Dried apples 15%
73 Dried longan and pulp 15%
74 Dried persimmons 15%
75 Red dates 15%
76 Dried lychee 15%
77 Unlisted dried fruit 15%
78 Assorted nuts or dried fruits 15%
Wine
79 Sparkling wine 15%
80 Other fresh brewed wines packed in containers of two liters or less, or brewed with alcohol inhibiting fermentation of grape juice 15%
81 Wines brewed with other fresh grapes packed in two-litre containers, but not more than 10 litres, or containing alcohol brewed from fermented grape juice 15%
82 Wines made from other fresh grapes packed in containers of 10 liters or more, or brewed with alcohol, which inhibits grape juice fermentation 15%
83 Other items from grape juice wine 15%
Modified ethanol
84 Modified ethanol and other alcohols of any concentration 15%
Ginseng
85 American ginseng 15%
86 Other fresh ginseng 15%
87 Unlisted ginseng 15%
Stainless steel pipes
88 Stainless steel oil and gas pipeline pipe, 215.9mm ≤ outside diameter ≤ 406.4mm 15%
89 Stainless steel oil and gas pipeline pipe, 114.3mm < outside diameter < 215.9mm 15%
90 Stainless steel oil and gas pipeline pipe, outside diameter ≤114.3mm 15%
91 Stainless steel oil and gas pipeline pipe, outside diameter > 406.4mm 15%
92 Other steel oil and gas pipeline pipes, 215.9mm ≤ outside diamteter ≤ 406.4mm 15%
93 Pipes for other steel, oil and gas pipelines, 114.3mm < outside diameter <215.9mm 15%
94 Pipes, other steel, petroleum and natural gas, outside diameter ≤ 114.3mm 15%
95 Other steel oil and gas seamless pipe, external diameter > 406.4mm 15%
96 Oil and gas drilling pipes made of stainless steel, outside diameter ≤ 168.3mm 15%
97 Oil and gas drilling pipes made of stainless steel, outside diameter>168.3mm 15%
98 Other steel drilling oil and gas drilling pipes, outside diameter ≤ 168.3mm 15%
99 Other steel drilled oil and gas drilling pipes, external diameter>168.3mm 15%
100 Seamless casing and conduits for drilled petroleum or natural gas made of stainless steel 15%
101 Other seamless steel casings for oil and gas drilling with a yield strength of less than 552 MPa catheter 15%
102 Other steel drilling oils with a yield strength of 552 MPa or more but less than 758 MPa and seamless casing and conduits for natural gas 15%
103 Seamless sets for oil and gas drilling of other steels with a yield strength of 758 MPa or more Tubes, catheters 15%
104 Seamless boiler tubes for cold drawn or cold rolled iron or ordinary steel 15%
105 Seamless or cold-rolled iron or common steel seamless geologic drill pipe, casing 15%
106 Undrawn or cold-rolled iron or plain steel seamless circular cross-section tubes 15%
107 Non-cold drawn or cold rolled iron or ordinary steel seamless boiler tubes 15%
108 Non-cold-drawn or cold-rolled iron or ordinary steel seamless geologic drill pipe, casing 15%
109 Non-cold drawn or cold-rolled iron or plain steel seamless circular cross-section tubes, not elsewhere specified 15%
110 Cold drawn or cold rolled stainless steel seamless boiler tubes 15%
111 Undrawn or cold-rolled stainless steel seamless circular cross-section tubes 15%
112 Non-cold drawn or cold rolled stainless steel seamless boiler tubes 15%
113 Non-cold drawn or cold rolled stainless steel seamless circular cross-section tubes 15%
114 Cold-drawn or cold-rolled other alloy steel seamless boiler tubes 15%
115 Seamless steel alloys, cold drawn or cold rolled 15%
116 Unalloyed cold-drawn or cold-rolled alloy steel seamless circular cross-section tubes 15%
117 Other alloy steel seamless boiler tubes, not drawn or cold-rolled 15%
118 Non-cold-drawn or cold-rolled seamless steel tubes and casings for other alloy steels 15%
119 Non-cold drawn or cold rolled alloy steel seamless circular cross-section tubes 15%
120 Other seamless steel tubes and hollow profiles (except cast iron) 15%
Pork products
121 Fresh or cold boned pig forelegs, hindquarters and their meat 25%
122 Other fresh or cold pork 25%
123 Other frozen whole head and half pork 25%
124 Frozen bone forelegs, pigs' legs and their meat 25%
125 Other frozen pork 25%
126 Frozen pork liver 25%
127 Other frozen pork chops 25%
Scrap aluminum
128 Aluminum scrap 25%
http://images.mofcom.gov.cn/www/201803/20180326085959196.pdf
Very interesting.
I can't help feeling that like all other political moves and even the freaking stock market, little guys like myself will just have to sit it out and watch it all 'settle out'.
Primarily food....not too smart since its everything they can do to feed themselves.
Here's how I see it. Everyone needs to eat, so that cancels out that nonsense.
As to the other materials? Watch some entrepreneur here in the US take up the slack and start building the things China wants to charge 25% more for.
In truth, this is a huge win in the long run for American industry. :thumbup:
Quote from: Solar on April 07, 2018, 05:23:47 PM
Here's how I see it. Everyone needs to eat, so that cancels out that nonsense.
As to the other materials? Watch some entrepreneur here in the US take up the slack and start building the things China wants to charge 25% more for.
In truth, this is a huge win in the long run for American industry. :thumbup:
Some on the right are shouting Free Trade and claiming that any tariffs overturn the magic of the free market. But it seems to me that American industry in general has been artificially repressed thru a combo of gvt regs and union demands, and now china has a crippling advantage over it. It stands to reason that once American manufacturing is allowed to spread its wings it will fly on its own and shld be able to naturally outcompete china...
China isnt really capitalist and so shldnt be able to outcompete us in most areas. (Unless dirty tricks are employed)
Quote from: T Hunt on April 07, 2018, 07:00:49 PM
Some on the right are shouting Free Trade and claiming that any tariffs overturn the magic of the free market. But it seems to me that American industry in general has been artificially repressed thru a combo of gvt regs and union demands, and now china has a crippling advantage over it. It stands to reason that once American manufacturing is allowed to spread its wings it will fly on its own and shld be able to naturally outcompete china...
China isnt really capitalist and so shldnt be able to outcompete us in most areas. (Unless dirty tricks are employed)
Spot On!!
Suspect Solar is on to something about Chinese character and temperament.
--------------------------------------------------------------------------------------
Their fan club, predictably globalist types, assert genius has always been the pervasive attribute of Chinese culture/society. Hmm......................really?
These stories from history should correct that impression:
* During his reign around 220 BC, Qin Emperor Zheng ordered the creation of full sized Clay (Terra Cotta) Soldiers w/metallic armaments, Horsemen and Chariots; numbering in excess of 20,000 to be buried surrounding the Tomb at his burial site.
Historians have documented that mass executions and hard labor were pervasive in China during his lifetime, while national chaos followed his death.
Further, economists estimate that the cost of creating his Clay Army exceeded $200 billion, in current dollars, within a then impoverished China.
* In 1755, Emperor Quinlong ordered the construction of the "Boat of Purity and Ease" in the lagoon at the Summer Palace in Beijing. It was built of Italian Marble and embedded in the shallow harbor water, rendering it immovable. Then in 1860, Anglo-French Forces destroyed the structure during the First Opium War. Years later in 1893, Empress Cixi ordered the Boat restored and at a two story level. The irony of all of this is telling.
The Naval threat from Japan had been grasped by the Chinese Military since the 18th century,
so they requested funding to reinforce their naval forces. But their leaders overruled them and confiscated these earmarked funds to satisfy their personal neuroses.
Some 21 centuries elapsed between Zhang and Cixi, yet did the Chinese learn anything over that span?????
So much for their genius!!!
Quote from: Walter Josh on April 07, 2018, 07:49:24 PM
Suspect Solar is on to something about Chinese character and temperament.
--------------------------------------------------------------------------------------
Their fan club, predictably globalist types, assert genius has always been the pervasive attribute of Chinese culture/society. Hmm......................really?
These stories from history should correct that impression:
* During his reign around 220 BC, Qin Emperor Zheng ordered the creation of full sized Clay (Terra Cotta) Soldiers w/metallic armaments, Horsemen and Chariots; numbering in excess of 20,000 to be buried surrounding the Tomb at his burial site.
Historians have documented that mass executions and hard labor were pervasive in China during his lifetime, while national chaos followed his death.
Further, economists estimate that the cost of creating his Clay Army exceeded $200 billion, in current dollars, within a then impoverished China.
* In 1755, Emperor Quinlong ordered the construction of the "Boat of Purity and Ease" in the lagoon at the Summer Palace in Beijing. It was built of Italian Marble and embedded in the shallow harbor water, rendering it immovable. Then in 1860, Anglo-French Forces destroyed the structure during the First Opium War. Years later in 1893, Empress Cixi ordered the Boat restored and at a two story level. The irony of all of this is telling.
The Naval threat from Japan had been grasped by the Chinese Military since the 18th century,
so they requested funding to reinforce their naval forces. But their leaders overruled them and confiscated these earmarked funds to satisfy their personal neuroses.
Some 21 centuries elapsed between Zhang and Cixi, yet did the Chinese learn anything over that span?????
So much for their genius!!!
Good job of pointing out Chinese history, considering they are mere children where Capitalism is concerned.
I suspect China is about to suffer a multi trillion dollar lesson for screwing with the market if they think they can screw with the US.
The American people have been pissed at our so-called "Representatives" for selling us out to China and will happily pay a bit more for American made products.
I can't wait to buy American made again.
Quote from: T Hunt on April 07, 2018, 07:00:49 PM
Some on the right are shouting Free Trade and claiming that any tariffs overturn the magic of the free market. But it seems to me that American industry in general has been artificially repressed thru a combo of gvt regs and union demands, and now china has a crippling advantage over it. It stands to reason that once American manufacturing is allowed to spread its wings it will fly on its own and shld be able to naturally outcompete china...
China isnt really capitalist and so shldnt be able to outcompete us in most areas. (Unless dirty tricks are employed)
It's just like the left's complaints that "free market" has failed the health care industry. Health care is the single most regulated industry in the world, but "free market" is what progs claim caused/are causing HC prices to spiral at 5-10 times the average rate of inflation. Sorry, fellas, you're prefrontal lobotomies are showing.
Then we have regulations for this industry, regulations for that one, laws favoring organized labor, laws pulling wages and benefits out of balance with the general economy, yet it's "free market" that is failing? Nope, it's government regulation and interference that is failing.
Free trade is similar. When only one side plays by the rules of free trade, it AIN"T FREE TRADE!!!!
Quote from: zewazir on April 07, 2018, 08:13:03 PM
It's just like the left's complaints that "free market" has failed the health care industry. Health care is the single most regulated industry in the world, but "free market" is what progs claim caused/are causing HC prices to spiral at 5-10 times the average rate of inflation. Sorry, fellas, you're prefrontal lobotomies are showing.
Then we have regulations for this industry, regulations for that one, laws favoring organized labor, laws pulling wages and benefits out of balance with the general economy, yet it's "free market" that is failing? Nope, it's government regulation and interference that is failing.
Free trade is similar. When only one side plays by the rules of free trade, it AIN"T FREE TRADE!!!!
Spot On Z.
Quote from: Solar on April 07, 2018, 08:11:38 PM
Good job of pointing out Chinese history, considering they are mere children where Capitalism is concerned.
I suspect China is about to suffer a multi trillion dollar lesson for screwing with the market if they think they can screw with the US.
The American people have been pissed at our so-called "Representatives" for selling us out to China and will happily pay a bit more for American made products.
I can't wait to buy American made again.
I agree in the long run this will be good for the American people and economy. Trump has rightfully stated there will be some short term pain. So now the question is will the folks have the patience to allow this scenario fully unfold. We can all be confident GOPe will be running for the hills.
Quote from: supsalemgr on April 08, 2018, 05:02:12 AM
I agree in the long run this will be good for the American people and economy. Trump has rightfully stated there will be some short term pain. So now the question is will the folks have the patience to allow this scenario fully unfold. We can all be confident GOPe will be running for the hills.
Yep. It's a tradeoff I know many would gladly make. I hate buying cheap Chinese shit, everything we buy today comes with low expectations, be it a power tool or replacement part, we have added in a percentage factor of expected failure.
When did we allow this this as acceptable? Those ordering from China place huge orders, all the while knowing 10% or more will expectedly fail, it's become a part of doing business on the cheap.
I just bought a backup generator to my backup generator (long story), it was sold as a 7000 watt 10K surge, first one ran like crap and burned oil, took it back, bought a different brand, same 7000 watt 10K surge, fired it up, ran like shit as well, turns out, the choke was not retracting when you returned it to its run position.
I did a search and found thousands of complaints with the same issue, so obviously they never did one Q/C inspection or just didn't give a damn.
But the worst part was the false advertisement claim that it produces 7000 watts, well it does, but not to one source.
There is no way to get that much wattage all at once, unless you divide it up with multiple draws.
It has 4 sources in addition to the one 30 amp outlet, so in total, you might get 7000 watts, but there is no physical way to make it give it up to one source that needs 6 to 7000 watts at a time.
Why did this become the norm? Because people quit complaining, they accepted a certain amount of failure, lies about a product, all because it was so cheap and you could always return it for a full refund.
Back in the 60s, QC saw to it that a part or product released passed expected parameters and wouldn't need returning, it was an expected trait of doing business in America.
I am so sick and tired of doing this kind of shitty business, I hope Trump can instill in industry, that doing business in the US means that a "Lifetime Warranty" means your life, not one with a 3 day life expectancy for a tool made in China by slave laborers trying to get attention to their plight.
:lol: :lol: :lol:
Trump Wins, Hell, we all win. :thumbup:
News of the sales, confirmed by the U.S. Department of Agriculture on Friday, helped to underpin benchmark Chicago Board of Trade soybean prices <0#S:> after U.S. President Donald Trump threatened to slap tariffs on an additional $100 billion of Chinese goods.
The USDA said 458,000 tonnes of U.S. soybeans were sold to undisclosed destinations, which traders and grains analysts said included EU soybean processors such as the Netherlands and Germany.
If the entire volume is confirmed to be going to the European Union, it would be the largest one-off sale to the bloc in more than 15 years, according to USDA data. The USDA could not immediately be reached for comment.
"We're seeing a realignment of trade," largely because the politics is driving up Brazilian soybean prices, said Jack Scoville, analyst with the Price Futures Group.
Traders and analysts said the unusual trade flows were likely to continue in the near term, benefiting U.S. Gulf Coast shippers and likely hurting exporters in the U.S. Pacific Northwest, the No. 2 bulk grain outlet that relies heavily on Chinese demand.
https://www.reuters.com/article/us-usa-trade-china-soybeans/as-u-s-and-china-trade-tariff-barbs-others-scoop-up-u-s-soybeans-idUSKBN1HF0FQ
Quote from: T Hunt on April 07, 2018, 07:00:49 PM
Some on the right are shouting Free Trade and claiming that any tariffs overturn the magic of the free market. But it seems to me that American industry in general has been artificially repressed thru a combo of gvt regs and union demands, and now china has a crippling advantage over it. It stands to reason that once American manufacturing is allowed to spread its wings it will fly on its own and shld be able to naturally outcompete china...
China isnt really capitalist and so shldnt be able to outcompete us in most areas. (Unless dirty tricks are employed)
If I have a work force made up of slaves who will work for crumbs (Nancy Pelosi :wink: ) and your workforce is made of workers who have a say in what they will do for whom, and for how much, I will win out in the economics of the deals almost every time.
Oh, BTW, why is China- #2 in world economy- still a "developing nation" with all the special considerations? Just wonderin'... :confused:
We're seeing a transient as the decisions ripple through globalist mindsets.
Our standards are different - we treat our workers much better than China. The tariffs are effectively a cost required to oppose the offset in standards.
Causing more of a balance will allow us to produce tangible materials and products again - something we sorely need to return to. You can't eat knowledge or service work; nor can you construct a building with it. A car won't run on art. You can't feed your family with a pound of Facebook. Innovation doesn't happen in universities ... it comes from trying ideas and solving new problems - and the most pressing problems are found when you construct something tangible. We need to move away from some of the pretend value.
With the tariffs, we will become more competitive in the long-run. Prices on some things will naturally rise because of tariffs or more labor costs. So I expect the "ringing in the system" to dampen out - but you never know in the contrived stock market totally driven by perception - more pretend value. I miss the days when you invested in a company because of what it was doing and it's value wasn't tied to the social and political winds.
But China forcing in-kind tariffs works against them. It will further drive the incentive not to work with China. They aren't helping their own cause. I expect a negotiation to take place eventually that gets rid of some of the imbalance - I think that's where Trump is headed.
Quote from: topside on April 08, 2018, 01:59:20 PM
We're seeing a transient as the decisions ripple through globalist mindsets.
Our standards are different - we treat our workers much better than China. The tariffs are effectively a cost required to oppose the offset in standards.
Causing more of a balance will allow us to produce tangible materials and products again - something we sorely need to return to. You can't eat knowledge or service work; nor can you construct a building with it. A car won't run on art. You can't feed your family with a pound of Facebook. Innovation doesn't happen in universities ... it comes from trying ideas and solving new problems - and the most pressing problems are found when you construct something tangible. We need to move away from some of the pretend value.
With the tariffs, we will become more competitive in the long-run. Prices on some things will naturally rise because of tariffs or more labor costs. So I expect the "ringing in the system" to dampen out - but you never know in the contrived stock market totally driven by perception - more pretend value. I miss the days when you invested in a company because of what it was doing and it's value wasn't tied to the social and political winds.
But China forcing in-kind tariffs works against them. It will further drive the incentive not to work with China. They aren't helping their own cause. I expect a negotiation to take place eventually that gets rid of some of the imbalance - I think that's where Trump is headed.
This is also where the Unions need to be held at bay. As the Unions will be jumping on this big time for more money.
Quote from: walkstall on April 08, 2018, 02:17:45 PM
This is also where the Unions need to be held at bay. As the Unions will be jumping on this big time for more money.
Maybe we could sent the union reps. over there.
Quote from: s3779m on April 08, 2018, 02:43:06 PM
Maybe we could sent the union reps. over there.
There would be no red carpet and he would be dead before getting to his hotel room.
Quote from: walkstall on April 08, 2018, 02:49:31 PM
There would be no red carpet and he would be dead before getting to his hotel room.
Yeah, I didn't see any down side either.
Quote from: s3779m on April 08, 2018, 03:02:16 PM
Yeah, I didn't see any down side either.
:lol: :thumbsup:
Quote from: s3779m on April 08, 2018, 03:02:16 PM
Yeah, I didn't see any down side either.
:lol: :lol: :lol:
ROFL!!!
https://www.cnbc.com/2018/04/09/chinese-president-xi-jinping-speaks-at-boao-forum-for-asia.html
Just a little tidbit I picked up on this morning. We will not see much about this in the MSM as it reflects Trump's actions may be having the positive impact he desires. I find it interesting the Chicom leader says China does not desire such a trade surplus. I read this as he understands greed is a terrible thing and does not want to kill the golden goose - the USA.
Quote from: supsalemgr on April 10, 2018, 04:46:48 AM
https://www.cnbc.com/2018/04/09/chinese-president-xi-jinping-speaks-at-boao-forum-for-asia.html
Just a little tidbit I picked up on this morning. We will not see much about this in the MSM as it reflects Trump's actions may be having the positive impact he desires. I find it interesting the Chicom leader says China does not desire such a trade surplus. I read this as he understands greed is a terrible thing and does not want to kill the golden goose - the USA.
:lol: :lol: :lol: :lol:
I knew China didn't have a leg to stand on. Thing is, China really isn't offering nearly enough and they know it.
I expect Trump to push even harder, and yes, China will concede, grudgingly.
China's Xi announces plans to 'open' China, including lowering tariffs on imported autos
Chinese President Xi Jinping speaks at the Boao Forum for Asia on Tuesday.
He discussed plans to further open up the Chinese economy, including "significantly" lowering import tariffs for autos, decreasing duties on other products, enforcing the legal intellectual property of foreign firms and improving the investment environment for international companies.
https://www.cnbc.com/2018/04/09/chinese-president-xi-jinping-speaks-at-boao-forum-for-asia.html
Donald J. Trump
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@realDonaldTrump
23m23 minutes ago
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Very thankful for President Xi of China's kind words on tarrifs and automobile barriers...also, his enlightenment on intellectual property and technology transfers. We will make great progress together!
Quote from: Solar on April 10, 2018, 11:15:33 AM
Donald J. Trump
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@realDonaldTrump
23m23 minutes ago
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Very thankful for President Xi of China's kind words on tarrifs and automobile barriers...also, his enlightenment on intellectual property and technology transfers. We will make great progress together!
Isn't Trump a lucky guy. He just seems to be getting things right.
Quote from: supsalemgr on April 10, 2018, 12:22:09 PM
Isn't Trump a lucky guy. He just seems to be getting things right.
Once in a while I try imagining the shock the world leaders- friend & foe, alike- are feeling when they discover that America actually has a leader instead of a spineless, grinnin', self-aggrandizing fool.
Quote from: supsalemgr on April 10, 2018, 12:22:09 PM
Isn't Trump a lucky guy. He just seems to be getting things right.
What's sad, is all of our previous leaders could have done what Trump is doing, but the truth is, they were all leftist since Reagan left.
Trump is the first POTIUS to actually do what the American people have been demanding for decades.
Quote from: Belenus on April 10, 2018, 12:33:28 PM
Once in a while I try imagining the shock the world leaders- friend & foe, alike- are feeling when they discover that America actually has a leader instead of a spineless, grinnin', self-aggrandizing fool.
You hit it on the head. I'm really starting to like this President.
Quote from: Solar on April 10, 2018, 12:53:03 PM
What's sad, is all of our previous leaders could have done what Trump is doing, but the truth is, they were all leftist since Reagan left.
Trump is the first POTIUS to actually do what the American people have been demanding for decades.
We need to make sure that after trump we dont have to wait around another 30 years for a decent patriot president.
Quote from: T Hunt on April 10, 2018, 09:26:19 PM
We need to make sure that after trump we dont have to wait around another 30 years for a decent patriot president.
That's why this forum exists, we're here to fight and make our opinions known.
Quote from: Solar on April 11, 2018, 04:25:46 AM
That's why this forum exists, we're here to fight and make our opinions known.
I love this place! :love: :thumbsup:
Quote from: Belenus on April 11, 2018, 11:07:32 AM
I love this place! :love: :thumbsup:
:biggrin: :thumbup: