You don't know what you are talking about.
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Trump,US are Losing in Trade War With China
- Thread starter Agent47
- Start date
You don't know what you are talking about.
ttps://www.foxnews.com/politics/china-announces-it-seeks-end-to-trade-war-as-markets-tank-and-currency-hits-11-year-flatline
Method to Trumps so called madness!
Trump, and not China started it, and they have ALWAYS been clear they were not interested. Of course they want out but they are not begging. So they are not about to bend to Trump’s stupidity any time soon
China is getting hurt far more than we are from this so called War, and they will be seeking to resolve it rather quickly!
Your fantasies are valid
RighteousnessTemperance&
Well-Known Member
Communist Chinese claim escalation is not beneficial to them, yet they are the ones who escalated. Hmm.
China’s exports to US fell 16% in August as Trump escalates trade war
China’s exports unexpectedly fell in August as shipments to the United States slowed sharply, pointing to further weakness in the world’s second-largest economy and underlining a pressing need for more stimulus as the Sino-U.S. trade war escalates.
Beijing is widely expected to announce more support measures in coming weeks to avert the risk of a sharper economic slowdown as the United States ratchets up trade pressure, including the first cuts in some key lending rates in four years.
Among its major trade partners, China’s August exports to the United States fell 16% year-on-year, slowing sharply from a decline of 6.5% in July.
Many analysts expect export growth to slow further in coming months, as evidenced by worsening export orders in both official and private factory surveys. More U.S. tariff measures will take effect on Oct. 1 and Dec. 15.
“China-U.S. trade friction has led to a sharp decline in China’s exports to the United States,” said Steven Zhang, chief economist and head of research at Morgan Stanley Huaxin Securities.
China reported a trade surplus of $34.84 billion last month, compared with a $45.06 billion surplus in July. Analysts had forecast a surplus of $43 billion for August.
China’s trade surplus with the United States stood at $26.95 billion in August, narrowing from July’s $27.97 billion.
China's exports to US fell 16% in August as Trump escalates trade war
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China's exports to the US are dropping sharply. They are devaluing their currency. China is loosening the reserve requirements at their banks so banks will lend more money. They are lowering interest rates. The US trade imbalance with China is being reduced.
This is what Agent47 calls "the US losing the trade war."
China’s exports unexpectedly fell in August as shipments to the United States slowed sharply, pointing to further weakness in the world’s second-largest economy and underlining a pressing need for more stimulus as the Sino-U.S. trade war escalates.
Beijing is widely expected to announce more support measures in coming weeks to avert the risk of a sharper economic slowdown as the United States ratchets up trade pressure, including the first cuts in some key lending rates in four years.
Among its major trade partners, China’s August exports to the United States fell 16% year-on-year, slowing sharply from a decline of 6.5% in July.
Many analysts expect export growth to slow further in coming months, as evidenced by worsening export orders in both official and private factory surveys. More U.S. tariff measures will take effect on Oct. 1 and Dec. 15.
“China-U.S. trade friction has led to a sharp decline in China’s exports to the United States,” said Steven Zhang, chief economist and head of research at Morgan Stanley Huaxin Securities.
China reported a trade surplus of $34.84 billion last month, compared with a $45.06 billion surplus in July. Analysts had forecast a surplus of $43 billion for August.
China’s trade surplus with the United States stood at $26.95 billion in August, narrowing from July’s $27.97 billion.
China's exports to US fell 16% in August as Trump escalates trade war
-------
China's exports to the US are dropping sharply. They are devaluing their currency. China is loosening the reserve requirements at their banks so banks will lend more money. They are lowering interest rates. The US trade imbalance with China is being reduced.
This is what Agent47 calls "the US losing the trade war."
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I don’t know how else to put this.
First, give us comparative stats for US exports to China affected by the trade war.
second, ever heard of supply chains?
Why U.S.-China Supply Chains Are Stronger Than the Trade War - Knowledge@Wharton
RighteousnessTemperance&
Well-Known Member
The US and its allies cannot assemble their own components for an Apple iPhone because they haven’t the engineering expertise or the advanced tooling? Anyone else see a problem with that?
The war is already on, is being waged economically but is of a decidedly political nature. The issue is hegemony and those who value basic rights and freedoms understand that they cannot afford Communist China to dominate the USA. Are there many such people left? I suspect there are, but they are not on the left, who are misled by the likes of Bernie, who admires Mao.
Those stats are in the article. Our economy is roaring. China's economy is in shambles. We are winning this trade war.
Sent from my Nexus 7 using Tapatalk
Google to move Pixel smartphone production out of China into Vietnam, Nikkei reports
The U.S. internet giant plans to move most of its American-bound hardware out of China, including the Pixel phones and its smart speaker Google Home,
Nikkei saidThe move comes as labor costs are rising in China along with added pressure from spiraling tariffs due to the ongoing Sino-U.S. trade tensions.
Google to move Pixel smartphone production out of China into Vietnam, Nikkei reports
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Winning!
Sent from my Nexus 7 using Tapatalk
Hard to see China still "winning"
Farmers prosper in spite of Trump's trade battle with China
Anti-Trumpers agree: The president’s trade battle with China is hurting our economy and, in particular, America’s farmers. We are told that the tariff tiffs have caused a collapse in U.S. agricultural exports to China, and consequent heartbreak in our heartland.
It isn’t true.
As with most criticisms lodged against the Trump White House, this oft-repeated narrative is way overblown. Turns out, far from suffering what CNBC recently described as “a devastating year for farmers” the farmers of America overall are doing quite well.
The Department of Agriculture recently forecast that net farm income will rise nearly 5 percent this year, to $88 billion. That growth comes on top of increases in both 2017 and 2018 and is, just for the record, faster than the overall growth of the economy.
For sure, times could be better. The forecast for this year means that real net farm income would come in 36 percent below its peak of $136.5 billion in 2013 and slightly below its 2000-18 average ($90.1 billion). Farmers suffered a severe drop in total revenues during the Obama years, collapsing from $484 billion in 2013 to $412 billion in 2016. Weirdly, I don’t remember the media paying much attention.
Farmers prosper in spite of Trump's trade battle with China
Anti-Trumpers agree: The president’s trade battle with China is hurting our economy and, in particular, America’s farmers. We are told that the tariff tiffs have caused a collapse in U.S. agricultural exports to China, and consequent heartbreak in our heartland.
It isn’t true.
As with most criticisms lodged against the Trump White House, this oft-repeated narrative is way overblown. Turns out, far from suffering what CNBC recently described as “a devastating year for farmers” the farmers of America overall are doing quite well.
The Department of Agriculture recently forecast that net farm income will rise nearly 5 percent this year, to $88 billion. That growth comes on top of increases in both 2017 and 2018 and is, just for the record, faster than the overall growth of the economy.
For sure, times could be better. The forecast for this year means that real net farm income would come in 36 percent below its peak of $136.5 billion in 2013 and slightly below its 2000-18 average ($90.1 billion). Farmers suffered a severe drop in total revenues during the Obama years, collapsing from $484 billion in 2013 to $412 billion in 2016. Weirdly, I don’t remember the media paying much attention.
Farmers prosper in spite of Trump's trade battle with China
RighteousnessTemperance&
Well-Known Member
Also from the article...
"Turns out, Democrats don’t seem to care about farmers that much after all."
But farmers are an especially important target, given that 62 percent of the nation’s farmers and ranchers voted for Trump in 2016, helping to swing some important states in his direction.
It is ironic that even as Democrats in Congress scold Trump for hurting farm exports, they resolutely sit on the USMCA, the revised NAFTA deal, which could provide a boost to U.S. dairy shipments to Canada. Who might benefit? Dairy producers in Wisconsin, among others.
Since Wisconsin has been identified by some political analysts as the ultimate swing state, the state that could determine whether President Trump gets four more years in the White House, it’s not shocking that Democrats are blocking the USMCA.
Turns out, Democrats don’t seem to care about farmers that much after all.
It is ironic that even as Democrats in Congress scold Trump for hurting farm exports, they resolutely sit on the USMCA, the revised NAFTA deal, which could provide a boost to U.S. dairy shipments to Canada. Who might benefit? Dairy producers in Wisconsin, among others.
Since Wisconsin has been identified by some political analysts as the ultimate swing state, the state that could determine whether President Trump gets four more years in the White House, it’s not shocking that Democrats are blocking the USMCA.
Turns out, Democrats don’t seem to care about farmers that much after all.
who said China is crawling?
Just about everybody. Except you, apparently.
Never confuse wishful thinking and reality
Everybody.
To make the "everybody" substantive, read the Wall Street Journal sometime.
China's economic growth slumps to lowest in 27 years as the trade war hits
China GDP growth slumps to lowest in 27 years as the trade war hits - CNN
China tipped to start rate cutting ‘road map’ as early as next week, as economic slowdown deepens
Beijing wants businesses and consumers spend more and save less, with consumption growth remaining anaemic in the world’s second largest economy
China tipped to start on rate cut ‘road map’ as early as next week by state media