Trade War

Started by Solar, May 10, 2019, 07:41:51 AM

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Solar

China Auto Sales Drop For 17th Straight Month In November

December 10, 2019

By Yilei Sun and Brenda Goh

BEIJING/SHANGHAI (Reuters) – Auto sales in China fell for a 17th consecutive month in November, with the number of new energy vehicles (NEVs) sold contracting for a fifth month in a row, data from its biggest auto industry association showed on Tuesday.

Total auto sales in the world's biggest auto market fell 3.6% from the same month a year earlier, the China Association of Automobile Manufacturers (CAAM) said.

That follows a drop of 4% in October and 5.2% in September. Car sales in the country contracted last year for the first time since the 1990s against a backdrop of slowing economic growth and a crippling Sino-U.S. trade war.

https://www.oann.com/china-auto-sales-drop-for-17th-straight-month-in-november/
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https://www.zerohedge.com/economics/china-mulls-eu-trade-dispute-plan-b-tariff-man-trump-delivers-wto-knockout-punch

QuoteTrump Shuts Down WTO Appeals Court, Sending EU, China Scrambling For 'Plan B'

Axios certainly has the best intro to today's bombshell development: "Internationalists have always dreamed of a court with jurisdiction over all the countries of the world. In 1995, the World Trade Organization was created — allowing the world's countries to press claims against one another for the first time."

But it won't survive the Trump presidency as on Tuesday his administration has effectively brought it to an end, neutering its ability to intervene in trade wars, having blocked all new appointments to its dispute-resolution court.

Starting two years ago the US administration began blocking appointments, and now Trump has run out the clock as the now paralyzed WTO's Appellate Body over that period declined from seven judges to three, and with two more terms expiring Tuesday, only one judge remains, thus without the ability to issue a binding ruling.

:lol: :lol: :lol: :lol: :lol: :lol: :lol:
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Solar

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https://www.reuters.com/article/us-usa-trade-handdryers/massachusetts-hand-dryer-maker-gets-helping-hand-from-u-s-china-trade-war-idUSKBN1YF19J

QuoteEAST LONGMEADOW, Mass. (Reuters) - The U.S.-China trade war is creating something William Gagnon once thought impossible - a 100% American-made bathroom hand dryer.

Gagnon's family-owned company, Excel Dryer Inc, sells about $40 million worth of dryers a year that mostly go into public bathrooms, including at airports and casinos as well as at Starbucks Corp (SBUX.O) and Walmart Inc (WMT.N) stores across the United States.

The Western Massachusetts company uses parts made in the United States at its 50-employee factory, except for the motors and electronic controllers at their core. They long sought a domestic supplier for those items, but nobody could beat China's low prices. Until now.

One challenge for manufacturers who want to produce Made in USA products is that their supply chains, especially for things like electronics and motors, have migrated overseas in search of cheaper alternatives - something the Trump administration vowed to address with tariffs.

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Quote from: Solar on December 11, 2019, 06:34:19 AM
:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

Proof, Trump came in with a solid plan to kill off the globalist incursion. :thumbup:

It's even more hilarious because they ruled for the US in that Airbus dispute....
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Solar

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Quote from: Solar on December 11, 2019, 06:42:14 AM
This is exactly what I was talking about. :thumbsup:

I love how the motor company is now handling production instead of just prototypes. It's going to be the wild west again.
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Solar

Quote from: taxed on December 11, 2019, 06:50:36 AM
I love how the motor company is now handling production instead of just prototypes. It's going to be the wild west again.
BINGO!!!!!
Right now as we speak, people are doing deals here in the US to be the main suppliers for other US manufacturers.
This is why there will NOT be a recession for at least a decade, too many want to succeed, so they ignore the leftist hype.
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Quote from: Solar on December 11, 2019, 06:55:38 AM
BINGO!!!!!
Right now as we speak, people are doing deals here in the US to be the main suppliers for other US manufacturers.
This is why there will NOT be a recession for at least a decade, too many want to succeed, so they ignore the leftist hype.
Well, that explains why the dims have always embraced china.

taxed

Quote from: s3779m on December 11, 2019, 07:05:39 AM
Well, that explains why the dims have always embraced china.

Here's President Trump talking to the globalists...

https://www.youtube.com/watch?v=786ZU1Qh8cE
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Solar

Don't panic, it's only the first phase and be assured, the next phase will be even harder, and the one after that. This is a far bigger win for Trump than China. :biggrin:

A couple of hours ago there were reports that a new trade agreement had been reached between the US and China which was just awaiting President Trump's approval. Now Politico is reporting Trump has signed off:

President Donald Trump has signed off on a mini-trade deal with China, two people familiar with the negotiations said on Thursday, marking another trade victory he can tout as he faces impeachment led by House Democrats.

The tentative agreement, which Trump refers to as "phase one" deal, codifies what was agreed to in principle in October. It will require China to significantly increase its purchases of U.S. agricultural goods, open its financial services sector and enact new intellectual property protections.

In exchange, Trump will cancel a 15 percent tariff that was scheduled for Sunday, people briefed on the matter said. The president is also expected to reduce duty rates already in place on about $250 billion worth of goods, including many consumer items such as footwear, clothing and flat panel TVs.

https://hotair.com/archives/john-s-2/2019/12/12/us-china-reach-tentative-trade-deal/
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Quote from: Solar on December 12, 2019, 04:26:36 PM
Don't panic, it's only the first phase and be assured, the next phase will be even harder, and the one after that. This is a far bigger win for Trump than China. :biggrin:

A couple of hours ago there were reports that a new trade agreement had been reached between the US and China which was just awaiting President Trump's approval. Now Politico is reporting Trump has signed off:

President Donald Trump has signed off on a mini-trade deal with China, two people familiar with the negotiations said on Thursday, marking another trade victory he can tout as he faces impeachment led by House Democrats.

The tentative agreement, which Trump refers to as "phase one" deal, codifies what was agreed to in principle in October. It will require China to significantly increase its purchases of U.S. agricultural goods, open its financial services sector and enact new intellectual property protections.

In exchange, Trump will cancel a 15 percent tariff that was scheduled for Sunday, people briefed on the matter said. The president is also expected to reduce duty rates already in place on about $250 billion worth of goods, including many consumer items such as footwear, clothing and flat panel TVs.

https://hotair.com/archives/john-s-2/2019/12/12/us-china-reach-tentative-trade-deal/

He keeps giving them hope.... then snatches it away...   :lol: :lol: :lol: :lol: :lol:
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Solar

Quote from: taxed on December 12, 2019, 04:28:03 PM
He keeps giving them hope.... then snatches it away...   :lol: :lol: :lol: :lol: :lol:
:lol: :lol: :lol: :lol: :lol:
I love how this is described in "Phases". How long did it take to hammer this out? Three years? :biggrin:
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Quote from: Solar on December 12, 2019, 04:32:01 PM
:lol: :lol: :lol: :lol: :lol:
I love how this is described in "Phases". How long did it take to hammer this out? Three years? :biggrin:

I'd LOVE to see the terms.........
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taxed

...and, we have BREXIT close, the Dems trying to push USMCA which Mitch is shelving until January, and now a China deal (where they buy ag and we don't choke them to  death)...

Fuckin' amazing.
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