Trump,US are Losing in Trade War With China

[HankD]

Same with vutures but me still thinks turkey is a better choice for my Thanksgiving meal, thank you very much.

I'll agree on that one...

I am a gluten for punishment though - I love to watch Andrew Zimmern and Bizarre Foods.
Andrew eats ANYTHING that moves sometimes while it is still moving!

 

[Agent47]

#1 Lobsters are dirty nasty bottom dwellers that feed and grow on eating dead rotting fish and fish poop and I would just as soon lick the inside of a garbage can as eat one of those things!

#2 No one EVER claimed that a trade war with China would not have ANY consequences so "your point" of showing two industries with some hardship is ABSOLUTELY LOGICALLY MEANINGLESS!

Learn some basic Logic and Critical Thinking Skills.

That's a business falling.

Have you seen what Soy farmers are saying?

It'll get nasty

 

[Yeshua1]

He is uneconomical with the truth as is his custom

Chinese Tariffs Rock US Lobster Exports

Farm equipment maker Deere's dealers reel from trade war, bad weather - Reuters

Strange, as China recently confirmed that they experience after 26 straight YEARS of growth a negative turn down now in their economy!

 

[Agent47]

China did not intervene? The yuan weakening is Trump's doing?

Over the weekend, China deployed another arrow in its quiver, allowing the value of its currency, the yuan, to drop against the dollar by 2%. The current value is about 7.05, meaning that a dollar could buy 7.05 yuan, rather than the previous roughly 6.9 yuan to the dollar, the first time it has fallen to that level since April 2008.
Behind China's 'Momentous' Decision to Weaponize the Yuan


The Chinese government devalued the yuan to fall below its 7-to-1 ratio with the US dollar for the first time in a decade Monday. A weaker currency could soften the tariff blow the United States has dealt China.
Dow plunges 767 points after China devalues its currency - CNN

Repeating exactly what I said. How did they 'allow the value of its currency the Yuan to drop'? By non-intervention or by not artificially manipulating it

Trump should get basic Economics lessons and stop relying on idiots as advisors

 

[Agent47]

Strange, as China recently confirmed that they experience after 26 straight YEARS of growth a negative turn down now in their economy!

Above your paygrade but I will look down on you with mercy of you backed this up with proof and data.

China is one of the world's fastest growing economies. It slows down and the world catches a fever.

 

[Agent47]

We can consume them domestically. The price will fall and more people in USA will be able to eat lobster.
US steel industry is booming.

If you could then you'd have done it already. China is poorer than America and they consume lobsters. Bad argument.

All industries with Chinese customers are bleeding bad, and they have more employees than the ones 'gaining'. Net effect? A bloodied nose and a bludgeoned ego

 

[InTheLight]

Repeating exactly what I said. How did they 'allow the value of its currency the Yuan to drop'? By non-intervention or by not artificially manipulating it

They have been artificially manipulating it for years, propping it up. They would declare how much the yuan was worth on a weekly basis (sometimes daily). That's intervening. That's not market forces at work. Now they "let it drop". By letting it drop they are admitting they are being hurt by US tariffs on Chinese goods. "Letting it drop" after a decade of setting its value artificially is intervening.

Hope this helps.

 

[InTheLight]

Another thing is they've been buying US bonds for years with the yuan value artificially set to say, for example, 14 yuans per dollar. Now they "let the yuan drop" or devalue the yuan so it's now worth 16 yuans to the dollar. Now they can't buy as many US bonds as they had been doing before.

 

[InTheLight]

I'll agree on that one...

I am a gluten for punishment though - I love to watch Andrew Zimmern and Bizarre Foods.
Andrew eats ANYTHING that moves sometimes while it is still moving!

Let's eat the tail of the giant sea bug.

That's near the butt of the lobster.

M-m-m-m-m good...

 

[Reynolds]

If you could then you'd have done it already. China is poorer than America and they consume lobsters. Bad argument.

All industries with Chinese customers are bleeding bad, and they have more employees than the ones 'gaining'. Net effect? A bloodied nose and a bludgeoned ego

The rich class in China are very rich and live in extreme luxury.

 

[HankD]

Let's eat the tail of the giant sea bug.

That's near the butt of the lobster.

M-m-m-m-m good...

yes and garlic and butter really helps,

 

[HankD]

A dish that i make at Christmas time is a little bit New England a little bit Cajun

Louisiana Shrimp and Lobster Gumbo on Rice!

Yes Okra but you have to add your own hot sauce because everyone's requirement is different (0 alarm to 5 alarm).

 

[Agent47]

Tariffs on electronics postponed till December. Trump knows he is losing this


Trump delays tariffs on Chinese-made laptops, cell phones, toys and video games

 

[InTheLight]

Tariffs on electronics postponed till December. Trump knows he is losing this


Trump delays tariffs on Chinese-made laptops, cell phones, toys and video games

Trump knows he needs to get all the Chinese toys, video games, and electronics landed in the US tariff free in time for the Christmas season. Once December rolls around and those Chinese goods are safely imported into the US he can announce new tariffs on Chinese toys. It's a shrewd political move. Plus these goods will be cheaper since China devalued their currency. Winning.

 

[HankD]

Trump knows he needs to get all the Chinese toys, video games, and electronics landed in the US tariff free in time for the Christmas season. Once December rolls around and those Chinese goods are safely imported into the US he can announce new tariffs on Chinese toys. It's a shrewd political move. Plus these goods will be cheaper since China devalued their currency. Winning.

good point.

 

[InTheLight]

Here are the major stock indexes of the US and China for the past year. Trump imposed some tariffs on China in early July 2018. Then he added some more on August 2, 2018. China retaliated on August 3, 2018. More tariffs from Trump on August 7th. China retaliates back on same day, August 7th. So this chart nicely covers the past year of the trade war, almost to the day.

The iShares China Total Return ETF vs. the SPDR US S&P 500 Total Return ETF, since August 9, 2018.

I wonder who is winning?

 

[Agent47]

They have been artificially manipulating it for years, propping it up. They would declare how much the yuan was worth on a weekly basis (sometimes daily). That's intervening. That's not market forces at work. Now they "let it drop". By letting it drop they are admitting they are being hurt by US tariffs on Chinese goods. "Letting it drop" after a decade of setting its value artificially is intervening.

Hope this helps.

I’m not saying they are not manipulating, I’m saying it’s funny that the US labeled them manipulators when they refused to manipulate

 

[Yeshua1]

Above your paygrade but I will look down on you with mercy of you backed this up with proof and data.

China is one of the world's fastest growing economies. It slows down and the world catches a fever.

Lord Satanis (Character) - Comic Vine
China is doing much worse as an economy than we are in this so called trade war!

 

[Benjamin]

#2 No one EVER claimed that a trade war with China would not have ANY consequences so "your point" of showing two industries with some hardship is ABSOLUTELY LOGICALLY MEANINGLESS!

Learn some basic Logic and Critical Thinking Skills.

That's a business falling.

Have you seen what Soy farmers are saying?

#2 No one EVER claimed that a trade war with China would not have ANY consequences so "your point" of showing two industries (or a couple of soy farmers) with some hardship is ABSOLUTELY LOGICALLY MEANINGLESS!

Learn some basic Logic and Critical Thinking Skills.

 

[Agent47]

Trump knows he needs to get all the Chinese toys, video games, and electronics landed in the US tariff free in time for the Christmas season. Once December rolls around and those Chinese goods are safely imported into the US he can announce new tariffs on Chinese toys. It's a shrewd political move. Plus these goods will be cheaper since China devalued their currency. Winning.

wishful thinking. He only delayed this under pressure.He is basically delaying hoping China will blink but they are not about to. Devaluation renders the tariffs pointless while the US can’t afford to reciprocate.