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China lays down marker.

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  • China lays down marker.

    The official mouth of the Chinese government makes it clear what they think about President Elect Trumps Trade talk.

    http://thehill.com/policy/technology...inst-trade-war

    China will retaliate “tit-for-tat” if President-elect Donald Trump seeks to start a trade war, according to the Chinese Communist party-controlled newspaper, The Global Times.

    In an op-ed reported on by The Guardian, the paper called Trump’s promise to impose a 45 percent tariff on Chinese imports “campaign rhetoric,”
    First hit, states that he's bluffing and has no intention of following through. Most likely what will happen.

    but said that if the president-elect were to impose significant tariffs on Chinese goods, that China would fight back.
    “A batch of Boeing orders will be replaced by Airbus,” the Global Times wrote. “US auto and iPhone sales in China will suffer a setback, and US soybean and maize imports will be halted.”
    The editorial was published shortly after Trump’s Sunday night phone call with Chinese President Xi Jinping.
    In other words trade war that we can't win.
    “The time has come,” the Walrus said,
    “To talk of many things:
    Of shoes—and ships—and sealing-wax—
    Of cabbages—and kings—
    And why the sea is boiling hot—
    And whether pigs have wings.”
    ― Lewis Carroll

  • #2
    In one of those, we can...

    Stopping soybean and corn imports will cause massive increases in Chinese food prices. That will lead to both inflation and people having less to eat. Those can't be easily made up from somewhere else.

    The US is still the world's bread basket...

    Comment


    • #3
      Originally posted by T. A. Gardner View Post
      In one of those, we can...

      Stopping soybean and corn imports will cause massive increases in Chinese food prices. That will lead to both inflation and people having less to eat. Those can't be easily made up from somewhere else.

      The US is still the world's bread basket...

      Wrong.

      Global Grain supplies and forecast. Russia, Canada and others could easily replace it.

      http://www.usda.gov/oce/commodity/wasde/latest.pdf
      “The time has come,” the Walrus said,
      “To talk of many things:
      Of shoes—and ships—and sealing-wax—
      Of cabbages—and kings—
      And why the sea is boiling hot—
      And whether pigs have wings.”
      ― Lewis Carroll

      Comment


      • #4
        Not soy and corn. The US is a big leader in those two. Those are not big Canadian or Russian crops.

        Comment


        • #5
          Might be interesting to see how long China could hold out, given their enormous theft of American technical and intellectual properties.

          We have many markets for our extra food, and our durable goods as well.
          Quis Custodiet Ipsos Custodes? Who is watching the watchers?

          Comment


          • #6
            It would send manufacturing jobs back to the USA. And the PRC's economy is not that healthy right now, as their stock market shows.
            Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

            Comment


            • #7
              Originally posted by Arnold J Rimmer View Post
              It would send manufacturing jobs back to the USA. And the PRC's economy is not that healthy right now, as their stock market shows.
              Nope, they'll go to Vietnam, Thailand, Singapore etc... Fact is that they are never coming back.
              “The time has come,” the Walrus said,
              “To talk of many things:
              Of shoes—and ships—and sealing-wax—
              Of cabbages—and kings—
              And why the sea is boiling hot—
              And whether pigs have wings.”
              ― Lewis Carroll

              Comment


              • #8
                Originally posted by Combat Engineer View Post
                Nope, they'll go to Vietnam, Thailand, Singapore etc... Fact is that they are never coming back.
                I think you're right abut that, but that doesn't make it any easier for China - it makes it worse with that many alternative sources.

                China is trying to change to a service economy from a manufacturing one, but not having much success at it.
                Quis Custodiet Ipsos Custodes? Who is watching the watchers?

                Comment

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