China to Trump: You Want To Start a Trade War, Go Ahead We'll Go Tit For Tat

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:mindblown: What the fukk are you talking about "my way" for?

You think I support that bullshyt????????????????? :why:

"your way" :dahell:
I don't support any of these trade agreements. Hell I wouldn't of made any trade agreements or stuck my nose in other countries business. But what's done is done...


the usa can't take those hits right now, unless prepared for. For atleast a 10yr period.

In 10-20 years machines will be doing all of these jobs. In the meantime, we keep the rich richer, and help prepare the Chinese for the upcoming paradigm shift in labor by handing them over our technology, labor, investment money, and leeway in currency manipulation.

Sounds like a great plan. We can't even call bullshyt on them because you guys are scared of making them upset.
 

The Fukin Prophecy

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:yeshrug: And Cook will shrug his shoulders and automate his production so he can get those benefits and reduced transportation costs while simultaneously avoiding high labor costs


Short sighted ass nikka :mjlol:
The post you quoted was clearly in response to manufacturing jobs returning home...Cook would be able to avoid the proposed import tariff and transportation costs by opening a plant in the states but automated production involves minimal to no human intervention...So how the fukk does your mental midget ass come to the conclusion he'd be able to claim job creation benefits by not creating jobs? :what:

Be honest, do you suffer from cerebral palsy son? It sure does explain a lot of your posting...:patrice:
 

Harry B

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The republican party is obviously against this, the funny thing is that their official agenda says that they want to deregulate financial markets. Yet these bum ass crackers stay talking about establishment, GOP is the ultimate establishment party. They don't want to change shyt. Instead of investing in education and taking advantage of what we have, they'll rather put people back in factories for Chinese salaries.
Trump and the republicans are fukking over the working class as usual :mjlol:.


The only thing these people want is lower taxes, christian BS, guns, keep away people who don't look like them from themselves and no government cushion.

To bring companies back to the US you have to set tariffs as high as the profit they make from being in another country. So that could be like say 300 % on an iPhone :mjlol:. What are they gonna do set 300 % tariffs on electronics now? Either that or reduce salaries to Foxconn levels (320 bucks per month at 15 hours a day in a shytty ass factory). Then have all the other countries retaliating.

And Trump? He doesn't give two fukks, he's a dikkriding fakkit who loves the attention.


In 4 years I'll have invented a new cocktail called White Tears to celebrate the new president.
 

WhereIsTheLove

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Lol at Chinese students...they are the new minorities in academia and take away scholarship opportunies from black students..fukk em

Actually the Chinese government, rich families and companies pay for these kids to go to school in full. Universities are making bank on them.
The difference between a dumb poster and smart poster is night and day.
 

levitate

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China talks tough but they are 25 trillion in debt compared to our 18 trillion. We buy ALL of Chinas shyt so if we pulled out the rug they would would collapse, on the other hand we owe China trillions of dollars. We basically have guns to eachothers heads at this point.

I'm late breh and I'm gonna let you finish but nah, Breh.

Get those stats right, Breh.
 

BaggerofTea

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The post you quoted was clearly in response to manufacturing jobs returning home...Cook would be able to avoid the proposed import tariff and transportation costs by opening a plant in the states but automated production involves minimal to no human intervention...So how the fukk does your mental midget ass come to the conclusion he'd be able to claim job creation benefits by not creating jobs? :what:

Be honest, do you suffer from cerebral palsy son? It sure does explain a lot of your posting...:patrice:
:skip: You know how they determine job creation dumbass motherfukker

A business can claim job creation just off having goods transported via a worker already working within the state
 

Trece

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I'm late breh and I'm gonna let you finish but nah, Breh.

Get those stats right, Breh.


WTF???
:what:

You trying to kick some knowledge at me son??

Some estimate 28 trillion-i was trying to be nice

IMF tells China: Fix your debt problem now

At $25 trillion, China's debt stands at about 254% of GDP, according to data from the Bank for International Settlements. Even though that's high, it's actually pretty close to some other indebted countries in the world.
 

ill

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http://www.nytimes.com/2016/11/11/business/international/trump-china-us-trade-war.html?_r=0

China is more vulnerable given the sheer amount of stuff it sells to America. For more than a decade, China has consistently exported about $4 worth of goods to the United States for each $1 of goods that it imports. Exports to the United States represent about 4 percent of the Chinese economy; American exports to China are only about two-thirds of 1 percent of the United States economy.

Chinese goods have long helped keep prices down for Americans. But Chinese exports play a shrinking role in holding down prices as labor costs rise in China and as rivals like Indonesia, Vietnam and India expand manufacturing.


Obama Front-Runs Trump on China

Obama has already started the trade war. We seem to be doing fine. I highly doubt an actual tariff on China would be a blanket 45%. It would be targeted at specific industries just like its always been. There are cheaper places to manufacture so they can't hold us hostage.
 

ill

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FACT SHEET: The Obama Administration’s Unprecedented Trade Enforcement Record | United States Trade Representative

For example, since 2009 the U.S. has won significant cases that affect aircraft ($18 billion in illegal EU subsidies), autos and SUVs (illegal Chinese taxes on over $5 billion annual U.S. exports), steel (illegal Chinese taxes on exports once worth $250 million annually), agriculture (India’s illegal ban on U.S. poultry), clean energy technologies, services exports, and access to raw materials and rare earth elements that are key to production of advanced electronic products and other high-quality U.S. products.

The Obama Administration has brought 11 trade enforcement challenges against China, three against India, and several other complaints against a series of major economies including Indonesia, Argentina, the Philippines, and the European Union. To ensure the greatest economic benefits for American workers and exporters, the Obama Administration has used our trade enforcement actions to emphasize opening these large, strategic markets to which the United States exports a diverse array of products and services.

Due to our stepped-up trade enforcement efforts, the Obama Administration has significantly increased the rate at which the U.S. brings cases against China.

And in 2011, the United States successfully defended, for the first time ever in the WTO, a trade safeguard to stop disruption of our domestic market, which upheld President Obama's decision to impose tariffs on Chinese tires.

China

Presidential Safeguard Action on Tires from China: In September 2009, President Obama directed the imposition for three years of additional tariffs to stop a harmful surge of imports of Chinese tires for passenger cars and light trucks. The surge caused production of U.S. tires to drop, domestic tire plants to close, and Americans to lose their jobs. Acting on behalf of American manufacturers and workers, President Obama invoked a law that had never before been used to give the United States the right under WTO rules to address harm caused by imports from China. USTR successfully defended China’s WTO challenge to the President’s action, resulting in WTO findings that rejected China’s challenge in its entirety.

Chinese AD/CVD Duties on Autos from the United States: In July 2012, USTR challenged China’s anti-dumping and countervailing duties on certain automobiles from the United States. The WTO agreed with the United States that China’s duties breached numerous international trade rules. Following the U.S. challenge and before issuance of the panel’s report, China announced the termination of its AD and CVD duties. In 2013, those duties had been imposed on exports of over $5 billion of American-made cars and sport-utility vehicles (SUVs). Through this dispute, the Administration is ensuring the right of American companies to fair treatment in antidumping and countervailing duty investigations in China.

Export Restraints on Rare Earths: In March 2012, the United States challenged China’s export restraints on rare earths, tungsten and molybdenum products. China is the world’s leading producer of rare earths, producing an estimated 130,000 metric tons of rare earth oxide, which accounted for approximately 97 percent of global production in 2011. In all, China’s export restraints on the materials at issue in this dispute cover approximately 100 tariff codes. The United States brought this dispute to create a level playing field for U.S. workers and businesses that manufacture many important downstream products in the United States, including hybrid car batteries, wind turbines, energy-efficient lighting, steel, advanced electronics, automobiles, petroleum and chemicals. In late 2014, the WTO agreed with the United States and found that China’s export restraints are inconsistent with WTO rules. China announced that it has eliminated WTO-inconsistent export duties and quotas on these products. The United States is closely monitoring China’s actions to ensure that these illegal policies are in fact discontinued and that China fully complies with its obligations.

Export Restraints on Raw Materials: In June 2009, the United States challenged China’s export restraints on nine raw materials to create a level playing field for U.S. workers and businesses that manufacture downstream products in the steel, aluminum and chemical sectors. The export restraints enabled China's downstream producers to obtain a dramatic competitive advantage by significantly decreasing their input costs. For example, in 2008, the input cost for coke was 36 percent less for Chinese domestic steel producers than their foreign counterparts. In 2011, the WTO found China’s quotas and duties to be inconsistent with its WTO commitments. In December 2012, China eliminated the offending measures.

Chinese AD/CVD Duties on High Tech Steel from the United States: In September 2010, the United States challenged China's imposition of antidumping (AD) and countervailing duties (CVD) against U.S. exports of grain oriented flat-rolled electrical steel (GOES). This action cut off more than $250 million in U.S. exports of this high-tech steel product. In July 2012, the WTO found China’s measures to be inconsistent with its WTO commitments. In 2014, USTR challenged China’s failure to comply with WTO rules in the WTO’s first ever compliance proceeding brought against China. The WTO concluded that China’s actions following the WTO findings in 2012 were inconsistent with WTO rules. China revoked the AD and CVD duties on GOES from the United States.

Electronic Payment Services: In September 2010, the United States challenged China’s restrictions and requirements on electronic payment services (EPS) for payment card transactions and the suppliers of those services. Each year well over one $1 trillion worth of electronic payment card transactions are processed in China. In 2012, the WTO agreed with the United States that China’s measures discriminate against U.S. suppliers. China has taken some steps to address the problems identified by the WTO, and the Administration continues to work with U.S. stakeholders and China to ensure American credit and debit card companies’ fair access to China’s market.

Wind Power Equipment: In December 2010, following a petition from the United Steelworkers, the United States initiated a WTO case challenging subsidies that China provided to manufacturers in its wind power equipment sector. The subsidies appeared to require the use of local content, at the expense of foreign manufacturers’ products. At the time of the dispute, grants provided under this program from 2008 to 2010 totaled several hundred million dollars. In response to USTR’s challenge, China terminated the challenged subsidy program.

Chinese AD/CVD Duties on Poultry from the United States: In September 2011, the United States challenged China’s AD/CVD duties on U.S. exports of chicken “broiler products.” According to industry estimates at the time, the U.S. poultry industry stood to lose approximately $1 billion in sales to China by the end of 2011. In June 2013, the WTO agreed that China’s measures were inconsistent with its WTO commitments. China issued a new measure in response to the WTO finding in 2014. The United States is reviewing that measure.

Chinese Export Bases for Autos and Auto Parts: In September 2012, the United States challenged a Chinese export subsidies program to auto and auto parts enterprises in China that severely distort competition. In the years 2002 through 2011, the value of China’s exports of autos and auto parts increased more than nine-fold, from $7.4 billion to $69.1 billion, and China rose from the world’s 16th largest to the 5th largest auto and auto parts exporter during this period. U.S. efforts to address this important program are ongoing.

China Demonstration Bases for Common Service Platform: In February 2015, USTR requested WTO consultations on China’s measures that appear to establish a program of prohibited export subsidies. China is directing a variety of service providers to offer discounted or free services to producers across a wide range of industries, including agriculture, light industry, new materials (including ferrous and non-ferrous alloys), pharmaceuticals, textiles, hardware and building materials, and specialty chemicals. These producers are clustered in designated export regions called “Demonstration Bases.” In addition, producers may also receive subsidies such as cash grants, grants for research and development, subsidies to pay interest on loans, and preferential tax treatment for exporting. The WTO established the dispute settlement panel in April 2015 at the request of the United States. Through this action, USTR is challenging Chinese subsidies that provide an unfair advantage to businesses located in China, distorting competition with American-made products.
 

BaggerofTea

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http://www.nytimes.com/2016/11/11/business/international/trump-china-us-trade-war.html?_r=0




Obama Front-Runs Trump on China

Obama has already started the trade war. We seem to be doing fine. I highly doubt an actual tariff on China would be a blanket 45%. It would be targeted at specific industries just like its always been. There are cheaper places to manufacture so they can't hold us hostage.

Why do you think China has built their own TPP?

So they could consolidate those countries exports and control them as well
 

ill

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Why do you think China has built their own TPP?

So they could consolidate those countries exports and control them as well

We have the largest consumer market in the world. Theres nothing to worry about. Every third world country on the come up with cheap manufacturing only thrives with Americans purchasing their products.
 
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