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Trump imposes 25% Tariff on $200B Chinese Goods

By HonkpilledMaster following x   2019 May 6, 10:01am 1,093 views   46 comments   watch   nsfw   quote     share    




I love this President!

If !!!Jeb!!! was elected, he'd be saying how Trade Deficits are an "Act of Love" or "Compassion" or some bullshit.

If Hillary was elected, we'd probably be glowing at night from a nuclear winter.

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1   HonkpilledMaster   ignore (5)   2019 May 7, 10:04am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Trump playing Hardball, threatens to raise tariffs in the face of Chinese Backsliding/Balking at the last minute over Trade Policy changes:

Beijing (AFP) - China said Tuesday its top trade negotiator will visit the United States for talks with American counterparts this week even as Washington stepped up pressure with plans to hike tariffs and complaints that Beijing was backtracking on its commitments.

The commerce ministry confirmed in a brief statement that Vice Premier Liu He, President Xi Jinping's trade pointman, would visit the US on Thursday and Friday.

The trip is taking place a day later than expected after President Donald Trump jolted global markets by announcing that tariffs on $200 billion in Chinese merchandise will more than double to 25 percent on Friday.

"China always believes that mutual respect, equality and mutual benefit are the premise and the basis for reaching an agreement. Adding tariffs will not solve any problem," Chinese foreign ministry spokesman Geng Shuang said at a regular press briefing.

Confirmation of Liu's travel plans lifted Asian stock markets as his presence could raise hopes that a deal is still possible.

The tariffs announcement tanked stock markets worldwide on Monday and worried US farmers and businesses who have been banking on a resolution to the year-long conflict that has engulfed $360 billion in two-way trade.

US officials had said the world's two largest economies were close to an agreement but Beijing reversed course in recent days.

"Over the course of the last week or so, we've seen an erosion in commitments by China, I would say retreating from commitments that have already been made in our judgement," US Trade Representative Robert Lighthizer was quoted as saying in media reports on Monday.

He said the tariffs would increase at 12:01 am (0401 GMT) on Friday.

Treasury Secretary Steven Mnuchin described the negotiations as 90 percent complete but told reporters that in recent days the talks went "substantially backward", according to the media reports.

https://news.yahoo.com/trump-plays-hardball-china-ahead-key-talks-145934061--finance.html
2   zzyzzx   ignore (1)   2019 May 7, 10:34am   ↑ like (3)   ↓ dislike (0)   quote   flag        

FINALLY!!!
3   rdm   ignore (1)   2019 May 7, 12:58pm   ↑ like (1)   ↓ dislike (2)   quote   flag        

What a fucking idiot, Trump thinks China is paying the tariffs, totally incompetent and a nincompoop to boot. FYI genius, tariffs are paid by the buyer.
4   mell   ignore (2)   2019 May 7, 1:01pm   ↑ like (6)   ↓ dislike (0)   quote   flag        

rdm says
What a fucking idiot, Trump thinks China is paying the tariffs, totally incompetent and a nincompoop to boot. FYI genius, tariffs are paid by the buyer.


They are but they can make sense to stem trade imbalances and protect local manufacturing. For example most poor people are poor not because they cannot afford cheap Chinese manufacture clothes sold by Walmart but because of rent and healthcare and other services with runaway inflation for decades. So putting tariffs on Chinese junk to help the local US economy may be quite a valid and beneficial trade-off.
5   rdm   ignore (1)   2019 May 7, 1:08pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

mell says

They are but they can make sense to stem trade imbalances and protect local manufacturing


I agree, they have a place. I am simply astounded by the sheer stupidity and disingenuousness of his statements.
6   Nobody   ignore (0)   2019 May 7, 1:46pm   ↑ like (4)   ↓ dislike (0)   quote   flag        

This is awesome. Finally someone who stands up to China for stealing our technologies and dumping their products to drive our local economy to whither. We are not protecting our economy. We are protecting the fairness of the trade and preserve our way of life. Trust me, you don't want Chinese government taking control of our lives. Unless you like what happened to Tibet. Let me remind you China destroyed most of 6000 temples in Tibet.
https://en.m.wikipedia.org/wiki/Tibetan_monasticism

Do you remember 1989 Tiananmen Square?
How would you like some country who has no respect to other countries or their own people to be the super power?
7   EBGuy   ignore (0)   2019 May 7, 2:24pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Got pork?
8   OccasionalCortex   ignore (3)   2019 May 7, 2:49pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

rdm says
What a fucking idiot, Trump thinks China is paying the tariffs, totally incompetent and a nincompoop to boot. FYI genius, tariffs are paid by the buyer.


Not in this case. First, 25% tariffs not really 25% tariffs by the time it is collected here in the US. It is really 2.5%. Congress insisted on this after the Globalist Fucks lobby raised holy hell. And that is paid up front by the Chinese exporter, many who have been eating the cost out of his pocket instead of passing it along, so far.

Not in this case 2, where tariffs hurt is in loss of market for the importer -- particularly if this means other firms suddenly now competitive start filling that market void. This is where it hurts the Chinese far, far more than the US consumer, as Chinese goods are pretty replaceable via those other aforementioned sources whereas goods like oil and food are not. And the Chinese depend way more on exports of goods as an overall percentage of GDP than the US does. For example, what we can't insource production equivalents ourselves, we can import from Vietnam or Mexico, etc. instead.
9   komputodo   ignore (0)   2019 May 7, 2:50pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

rdm says
What a fucking idiot, Trump thinks China is paying the tariffs, totally incompetent and a nincompoop to boot. FYI genius, tariffs are paid by the buyer.

So for example, lets say that a chinese exporter sells a product to a USA buyer for $1....but now with a 25% tariff, the cost to the buyer will be $1.25....So now the buyer decides he can't make a decent profit with the cost being $1.25 so he won't buy it. The chinese exporter asks him why he canceled his order and the USA buyer tells him...Now the chinese exporter has the option to lower his price... maybe from $1 to 0.85 cents and with the 25% tariff, the new price will be a $1.06....they agree and the buyer now pays $1.06 and can still make a profit and the chinese exporter can still keep his business running...I think that is how business works but I could be mistaken.
10   SunnyvaleCA   ignore (0)   2019 May 7, 2:56pm   ↑ like (6)   ↓ dislike (0)   quote   flag        

I think China is just stalling and hoping Trump will lose in 2020. Then they can go back to business as usual.
11   Booger   ignore (3)   2019 May 7, 3:22pm   ↑ like (6)   ↓ dislike (0)   quote   flag        

rdm says
What a fucking idiot, Trump thinks China is paying the tariffs, totally incompetent and a nincompoop to boot. FYI genius, tariffs are paid by the buyer.


Why do you hate American workers?
12   OccasionalCortex   ignore (3)   2019 May 7, 3:38pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

SunnyvaleCA says
I think China is just stalling and hoping Trump will lose in 2020. Then they can go back to business as usual.


Yeah, like the open corruption of Joe Biden & Family?

A private equity firm managed by the son of former Vice President Joe Biden struck a deal with China's state-owned bank in 2013 at the same time that Biden was in the country to meet with Chinese President Xi Jinping.

Hunter Biden, who arrived in China aboard Air Force Two alongside the vice president and the rest of the U.S. delegation, was at the time in control of Rosemont Seneca Partners LLC., a private equity firm that would go on to strike a deal with the state-owned Bank of China to create a $1 billion joint investment fund..


https://www.thegatewaypundit.com/2018/03/dr-gorka-stunned-biden-china-deal-potentially-one-biggest-pay-play-scandals-outside-uranium-one/
13   Quigley   ignore (0)   2019 May 7, 3:44pm   ↑ like (4)   ↓ dislike (0)   quote   flag        

SunnyvaleCA says
I think China is just stalling and hoping Trump will lose in 2020. Then they can go back to business as usual.


Yes they hold out hope for the Democrat idiots to resume their incompetence shortly. But it’a interesting that Chuck Schumer started backing Trump on this. Maybe he’s tired of being the reason China won’t make a deal.
14   SunnyvaleCA   ignore (0)   2019 May 7, 4:07pm   ↑ like (3)   ↓ dislike (0)   quote   flag        

OccasionalCortex says
SunnyvaleCA says
I think China is just stalling and hoping Trump will lose in 2020. Then they can go back to business as usual.


Yeah, like the open corruption of Joe Biden & Family?
Yes, exactly.
15   Ceffer   ignore (1)   2019 May 8, 10:22am   ↑ like (3)   ↓ dislike (0)   quote   flag        

Pliant psychopaths like the Clintons who are willing to sell out the country for emoluments and personal grandiosity are our China preferred politicians.
16   rdm   ignore (1)   2019 May 8, 10:29am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Ceffer says
Pliant psychopaths like the Clintons who are willing to sell out the country for emoluments and personal grandiosity are our China preferred politicians.


Oh you mean like this: Feb. 14, 2017: After promising as a candidate to recognize Taiwanese independence, Trump reverses course, pledging to Chinese President Xi Jinping that the U.S. will uphold the “One China” policy. Five days later, the Chinese government finally grants Trump a long-sought trademark protection." Fucking Hillary
17   Quigley   ignore (0)   2019 May 8, 10:40am   ↑ like (5)   ↓ dislike (0)   quote   flag        

rdm says
Fucking Hillary


Eww!
18   Nobody   ignore (0)   2019 May 8, 11:10am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Guys, this is a bipartisan policy, not just Trump's. You guys are giving too much credit to Trump. It is amazing China got away with this much for as long as they did, thanks to Obama. Not any more. It won't make any difference if the Democrats would win the next election. I think it is pretty much the general consensus in US to fight China on this. Just don't choose a president who is too liberal.
19   HEYYOU   ignore (27)   2019 May 8, 2:40pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Nobody says
It is amazing China got away with this much for as long as they did, thanks to


Communist loving Democrats & Яepublicans that buy Communist China outsourced jobs/manufacturing crap.
Time to admit it,America loves Communism!
If not why are America haters buying Communist China shit.

I be lovin' me some fools' hypocrisy.
20   Booger   ignore (3)   2019 May 9, 2:57pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

China is going to have to stop lying, cheating, and spying .. and start getting serious about a trade deal. China's economy and 1 billion citizens depends on it.

Trump is on to their bullshit and ain't going to let them continue rolling the USA like they did with the past 4 Presidents and crooked af congresscunts.
21   Heraclitusstudent   ignore (2)   2019 May 9, 6:22pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

China will soon have the largest market on earth. US companies like Apple will beg to be able to sell there, regardless of cost to them. If they don't, large Chinese competitors will appear, with a larger base, and US companies won't hold to market positions.
Losing position, regardless of tariffs.
China will just steamroll the world now, just based on size.
22   Booger   ignore (3)   2019 May 9, 6:27pm   ↑ like (4)   ↓ dislike (0)   quote   flag        

Heraclitusstudent says
China will soon have the largest market on earth. US companies like Apple will beg to be able to sell there, regardless of cost to them.


You mean China will block the sale of Chinese made iPhones in China?
23   Dholliday126   ignore (0)   2019 May 9, 6:35pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Heraclitusstudent says
China will soon have the largest market on earth. US companies like Apple will beg to be able to sell there, regardless of cost to them. If they don't, large Chinese competitors will appear, with a larger base, and US companies won't hold to market positions.
Losing position, regardless of tariffs.
China will just steamroll the world now, just based on size.


If they survive the inevitable containment, encirclement, domestic ops and eventual war.
24   HonkpilledMaster   ignore (5)   2019 May 10, 11:08am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Moves and counter moves.

Trump slaps the Tariffs on China as the Chinese walk away.

https://www.usatoday.com/story/news/politics/2019/05/10/donald-trump-says-trade-talks-china-continue-despite-tariff-hike/1162002001/

Heraclitusstudent says
China will soon have the largest market on earth. US companies like Apple will beg to be able to sell there, regardless of cost to them. If they don't, large Chinese competitors will appear, with a larger base, and US companies won't hold to market positions.


China can't survive without US exports. Something like a quarter of their economy is exports. The US was never such, 5% for most of our history and most of that raw materials like copper and wheat, not finished goods like Radios and Cars. China is the opposite.

This is the most important thing we can be doing for our long term economic health. Wall Street does not want us to go on a diet to reduce our Chinese Import Obesity Blood Pressure, but to keep stuffing our faces and swiping the credit card on Junk Food Imports
25   Tenpoundbass   ignore (14)   2019 May 10, 11:09am   ↑ like (4)   ↓ dislike (0)   quote   flag        

This is only bad news if your life revolves around Shitting on Trump.
26   OccasionalCortex   ignore (3)   2019 May 10, 2:32pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

HonkpilledMaster says
The US was never such, 5% for most of our history and most of that raw materials like copper and wheat, not finished goods like Radios and Cars. China is the opposite.

THANK you! So many folks on here and in general believe myths otherwise. They thus don't realize that the screams of those impacted by the trade war (soybean farmers, for example) are those of just a narrow special interest group as a percentage of GDP.

Exports are going to increase when we become a net oil exporter within a few years. Already our net imports have dropped like a rock because that same expansion in oil production that both Biden and Obama SAID was impossible has reduced our need to import oil, except to mix with your light sweet fracked oil in our refineries.
27   OccasionalCortex   ignore (3)   2019 May 10, 2:35pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Booger says
China is going to have to stop lying, cheating, and spying .. and start getting serious about a trade deal. China's economy and 1 billion citizens depends on it.


Actually, that won't be enough. Because this is REALLY about stopping their rise to geopolitical rival status. Not mere containment, but outright stopping them.

Thucydides' Trap has been sprung...even for many Democrats. Hell, Bernie is even more with the program than that Beijing Puppet Biden is.

https://patrick.net/post/1324313/2019-05-07-thucydides-trap-a-primer
28   OccasionalCortex   ignore (3)   2019 May 10, 2:38pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Nobody says
It is amazing China got away with this much for as long as they did, thanks to Obama

Oh this goes all the way back to Nixon. Elder Bush served as US Ambassador to China shortly afterward (he would ride a bicycle to the Embassy and back, even). It was a Bretton Woods bribe to keep China permanently split from the Soviets. It worked brilliantly.

Only prob is that the Cold War has been over since 1992. So what is amazing is that it took America this long to start re-aligning things back more to its interest.
29   rdm   ignore (1)   2019 May 10, 3:53pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Tenpoundbass says
bad news if your life revolves around Shitting on Trump.


I thought he was more a golden shower guy...
30   HonkpilledMaster   ignore (5)   2019 May 10, 5:43pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Nobody says
Guys, this is a bipartisan policy, not just Trump's


Which major Dem leaders have seriously pushed for big fat tariffs on China? Pelosi? Schumer? Harris?

Trump starting an "OMG! Horrible Trade War! Let's keep taking it in the ass instead! Only way forward!" was the major Dem talking point against Trump in 2016.
31   HonkpilledMaster   ignore (5)   2019 May 10, 5:45pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

OccasionalCortex says
THANK you! So many folks on here and in general believe myths otherwise. They thus don't realize that the screams of those impacted by the trade war (soybean farmers, for example) are those of just a narrow special interest group as a percentage of GDP.


Yes Sir! And Globalization has been horrible for the Food Consumer. Beef in particular: Way down in quality, way up in price vs. early 1990s. Pink Slime!
32   HonkpilledMaster   ignore (5)   2019 May 13, 11:44am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Tough President!

"I haven't decided whether to place more tariffs on the remaining few hundred billion in imports yet."
https://www.cnbc.com/2019/05/13/trump-says-he-will-meet-with-xi-and-putin-at-g20-summit.html

Amplify!
33   OccasionalCortex   ignore (3)   2019 May 13, 11:54am   ↑ like (3)   ↓ dislike (0)   quote   flag        

rdm says
I thought he was more a golden shower guy...


Only in that Steele Dossier that is now proven to be 100% fiction paid for by Hillary and the DNC.
34   OccasionalCortex   ignore (3)   2019 May 13, 12:00pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

China on Monday announced tariff increases on $60 billion of US imports.


https://news.yahoo.com/escalating-us-china-trade-war-141808329.html

So, $60 billion out of a $21 TRILLION economy is: so damn small a percentage it is practically a rounding error.

Yawn!
35   HonkpilledMaster   ignore (5)   2019 May 13, 12:06pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Bwahahahahaha

...completely avoided if you buy from a non-Tariffed Country, or you buy the product inside the USA (the best idea). That’s Zero Tariffs. Many Tariffed companies will be leaving China for Vietnam and other such countries in Asia. That’s why China wants to make a deal so badly!...— Donald J. Trump (@realDonaldTrump) May 13, 2019



He isn't wrong!
36   RC2006   ignore (1)   2019 May 13, 12:54pm   ↑ like (3)   ↓ dislike (0)   quote   flag        

60 billion, china is going to run out of things to tariff long before we do they can fuck off. We export 1 billion for every 5 we import, China will loose. Enough with transferring out wealth and technology to China.
38   zzyzzx   ignore (1)   2019 May 14, 1:03pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

RC2006 says
60 billion, china is going to run out of things to tariff long before we do they can fuck off. We export 1 billion for every 5 we import, China will loose.


I don't understand why the Chinese haven't figured this out yet.
39   HEYYOU   ignore (27)   2019 May 14, 1:28pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Trump's just a loser.
Where are the 35% tariffs the fool talked about?

How much Republican SOCIALIST tax dollars will Rep/Con trash send to farmers.
Rustbelters & coal miners,how much will you get?

There are no Republicans on any part of Obamacare, right?

Republicans - SSS- Slimy Scummy Socialists
At what point will they transform to Communism? They buy plenty of Communist China crap. Are they just in the closet?
40   HEYYOU   ignore (27)   2019 May 14, 1:29pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

How many nuclear weapons does China have?

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