Goods China will place tariffs on

Started by Solar, April 07, 2018, 01:25:16 PM

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Solar

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
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Belenus

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'.

"It's hard to predict... especially the future."

Billy's bayonet

Primarily food....not too smart since its everything they can do to feed themselves.
Evil operates best when under a disguise

WHEN A CRIME GOES UNPUNISHED THE WORLD IS UNBALANCED

WHEN A WRONG IS UNAVENGED THE HEAVENS LOOK DOWN ON US IN SHAME

IMPEACH BIDEN

Solar

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:
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T Hunt

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)
"Let's Go Brandon, I agree!"  -Biden

Solar

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!!
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Walter Josh

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!!!

Solar

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.
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zewazir

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!!!!

Solar

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.
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supsalemgr

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.
"If you can't run with the big dawgs, stay on the porch!"

Solar

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.
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Solar

 :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
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Belenus

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:
"It's hard to predict... especially the future."

topside

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.