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US Trade Wars (15 June 2018 – present)

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Re: Trade Wars

Postby Symmetry on Sun Jun 03, 2018 3:35 am

HitRed wrote:Trump doesn't care about tariffs. Doesn't want a trade war either. They are a means to an end. Wants deals.


Indeed, but deals with the US or with Trump? He folded pretty quickly on the China stuff against US national interests when China agreed to invest in his business, and approved some licences for his daughter.
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Re: Trade Wars

Postby saxitoxin on Sun Jun 03, 2018 4:03 am

waauw wrote:
Paul Krugman wrote:First, while we export less than we import, we still export a lot; tit-for-tat trade retaliation will hurt a lot of American workers (and especially farmers), quite a few of whom voted for Trump and will now find themselves feeling betrayed.

Second, modern trade is complicated – it’s not just countries selling final goods to each other, it’s a matter of complex value chains, which the Trump trade war will disrupt. This will produce a lot of American losers, even if they aren’t directly employed producing exported goods.

Third, if it spirals further, a trade war will raise consumer prices. At a time when Trump is desperately trying to convince ordinary families that they got something from his tax cut, it wouldn’t take much to swamp whatever tiny gains they received.

Finally – and I think this is really important – we’re dealing with real countries here, mainly democracies. Real countries have real politics; they have pride; and their electorates really, really don’t like Trump. This means that even if their leaders might want to make concessions, their voters probably won’t allow it.

Consider the case of Canada, a small, mild-mannered neighbor that could be badly hurt by a trade war with its giant neighbor. You might think this would make the Canadians much more easily intimidated than the EU, which is just as much an economic superpower as we are. But even if the Trudeau government were inclined to give in (so far, top officials like Chrystia Freeland sound angrier than I’ve ever heard them), they’d face a huge backlash from Canadian voters for anything that looked like a surrender to the vile bully next door.

https://www.nytimes.com/2018/05/31/opinion/oh-what-a-stupid-trade-war-very-slightly-wonkish.html?rref=collection%2Fcolumn%2Fpaul-krugman


LOL Paul Krugman. In the new era he's taken as seriously as the comically bumbling FBI.* He's desperately trying to convince people to cling to the old order as he used to know it, before the national reorganization. This isn't even an analysis, it's just a "Rah Rah!" I Wish scenario, in which he expresses a desperate hope the EU Clown Car can come to an agreement on which gear to drive in for more than five minutes and stand-up to Trump even as their own federation is breaking apart; in which he valiantly predicts that Canadians will rally behind their hysterically unpopular prime minister and let their currency collapse just to score an "I Told You So" moment on Trump. And the most hilarious part is that, despite the string of failures of his past predictions, he's still peddling them - knowing they offer a hope to the hopeless who will cling to the fantasy he spins no matter how off-kilter it is.

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Re: Trade Wars

Postby mrswdk on Sun Jun 03, 2018 7:40 am

But saxi, real countries have pride and they have democracy!
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Re: US Trade Wars (15 June 2018 – present)

Postby GoranZ on Fri Jun 15, 2018 2:17 pm

And the trade wars have officially started

US-China trade tensions escalate as Trump approves $50bn of tariffs

US President Donald Trump is pressing ahead with plans to impose 25% tariffs on $50bn of Chinese imports, raising the prospect of a trade war between the world’s two largest economies.

Before closing up for the day, let’s take another look at European markets. Losses have escalated since the US confirmed a 25% tariff would be imposed on $50bn of Chinese imports.
FTSE 100: -1.1% at 7,682
Germany’s DAX: -0.7% at 13,021
France’s CAC: -0.2% at 5,518
Italy’s FTSE MIB: -1% at 22,272
Spain’s IBEX: -1.2% at 9,837
Europe’s STOXX 600: -0.7% at 390
The bell has gone on Wall Street and US markets are down:
Dow Jones: -0.5% at 25,047
S&P 500: -0.3% at 2,774
Nasdaq: -0.4% at 7,727

It hasn’t taken Beijing long to respond to Trump’s decision to impose a 25% tariff on $50bn of Chinese imports. As expected, it plans to retaliate.
China’s commerce department has issued a statement:
"China is unwilling to have a trade war, but the Chinese side has no choice but to strongly oppose this, due to the United States’ myopic behaviour that will harm both parties.
We will immediately introduce tariff measures of the same scale and strength. All the results from the previously reached by the two parties will be invalid.
"

US-China trade tensions escalate as Trump approves $50bn of tariffs
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Re: Trade Wars

Postby HitRed on Fri Jun 15, 2018 2:24 pm

Symmetry wrote:
HitRed wrote:Trump doesn't care about tariffs. Doesn't want a trade war either. They are a means to an end. Wants deals.


Indeed, but deals with the US or with Trump? He folded pretty quickly on the China stuff against US national interests when China agreed to invest in his business, and approved some licences for his daughter.



Hmm, Trump folded? Why are the trade wars back on Sym?
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Re: US Trade Wars (15 June 2018 – present)

Postby DoomYoshi on Fri Jun 15, 2018 5:24 pm

Excellent. I hate markets.
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Re: US Trade Wars (15 June 2018 – present)

Postby GoranZ on Sat Jun 16, 2018 10:47 am

Russia has held a major selloff of US Treasury bonds, dumping some $47bn-worth of papers and momentarily dropping six places on a list of major foreign holders of US securities, recently released statistics for April have shown.
In just one month, Russia proceeded to sell $47.4 billion out of the $96.1 billion the country had in US treasury bonds in March. The latest statistics released by the US Treasury Department on Friday showed that, in April, Russia had only $48.7bn in American assets, occupying 22nd place on the list of “major foreign holders of Treasury securities.”

Russia dumps half of its US Treasury bonds

I guess they will invest those money into something profitable. Will the Chinese do the same? That will sink the US Dollar to the bottom of the sea.
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Re: US Trade Wars (15 June 2018 – present)

Postby Bernie Sanders on Sat Jun 16, 2018 11:06 am

GoranZ wrote:
Russia has held a major selloff of US Treasury bonds, dumping some $47bn-worth of papers and momentarily dropping six places on a list of major foreign holders of US securities, recently released statistics for April have shown.
In just one month, Russia proceeded to sell $47.4 billion out of the $96.1 billion the country had in US treasury bonds in March. The latest statistics released by the US Treasury Department on Friday showed that, in April, Russia had only $48.7bn in American assets, occupying 22nd place on the list of “major foreign holders of Treasury securities.”

Russia dumps half of its US Treasury bonds

I guess they will invest those money into something profitable. Will the Chinese do the same? That will sink the US Dollar to the bottom of the sea.

You again prove your ignorance.

The Chinese keep their money safe by keeping it in the USA. China's economy will tumble into chaos if Trump decides to escalate the trade war. Tit for tat....China needs America than the other way around.



Russia is a minor player in currency markets.


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Re: US Trade Wars (15 June 2018 – present)

Postby GoranZ on Sat Jun 16, 2018 2:16 pm

Bernie Sanders wrote:
GoranZ wrote:
Russia has held a major selloff of US Treasury bonds, dumping some $47bn-worth of papers and momentarily dropping six places on a list of major foreign holders of US securities, recently released statistics for April have shown.
In just one month, Russia proceeded to sell $47.4 billion out of the $96.1 billion the country had in US treasury bonds in March. The latest statistics released by the US Treasury Department on Friday showed that, in April, Russia had only $48.7bn in American assets, occupying 22nd place on the list of “major foreign holders of Treasury securities.”

Russia dumps half of its US Treasury bonds

I guess they will invest those money into something profitable. Will the Chinese do the same? That will sink the US Dollar to the bottom of the sea.

You again prove your ignorance.

The Chinese keep their money safe by keeping it in the USA. China's economy will tumble into chaos if Trump decides to escalate the trade war. Tit for tat....China needs America than the other way around.

I guess we will see who needs who very soon ;) I'm sure by the time this will be all over you will adopt a Chinese or Russian name.


China has fired back in a trade feud with US President Donald Trump by raising import duties, having turned a deaf ear to Trump’s threats of further counter-measures; and now it’s known which US products will be hardest hit.

China's Tariffs on E-Cars, Whiskey, Soya Designed to Penalize US 'Provocateur'


India joins the trade war
India's move comes in response to Washington's decision to impose tariffs on steel and aluminum imports, which, according to media forecasts, is likely to have an impact of about $241 million on the Indian economy.

India will increase duties on 30 goods from the US in response to Washington's move to impose tariffs on steel and aluminum imports, New Delhi's notification to the World Trade Organisation (WTO), cited by the ANI news agency, reads.

India Hits Back at Washington Over US Metal Tariffs
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Re: US Trade Wars (15 June 2018 – present)

Postby armati on Sat Jun 16, 2018 2:34 pm

America Loses When The Trade War Becomes A Currency War

Without a massive resurrection of American manufacturing and production, we enter into a trade war with little ammunition because we remain dependent on foreign production and goods, while other nations like China can easily expand into alternative markets and retain their own production capabilities. Trump could have launched a new renaissance of production in the U.S. if he had given corporations incentive to bring manufacturing back home. Instead, he gave them a sizeable tax cut without asking for anything in return. Those tax cuts, instead of creating jobs or luring factories back to the U.S., have instead been spent where we all knew they would be spent — on stock buybacks to prop up a flailing equities market.

This is a pce of an article @ Silver Doctors
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Re: US Trade Wars (15 June 2018 – present)

Postby HitRed on Sat Jun 16, 2018 2:38 pm

Are these Americans?

If we do anything we loose??? Is that what you tell your kids? There is a future. We can get better deal and better trade balances.

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Re: US Trade Wars (15 June 2018 – present)

Postby mrswdk on Sat Jun 16, 2018 2:44 pm

People on the Titanic told their kids to get onto the lifeboat because if they stayed on the ship they were going to drown.
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Re: US Trade Wars (15 June 2018 – present)

Postby Bernie Sanders on Sat Jun 16, 2018 7:56 pm

armati wrote:America Loses When The Trade War Becomes A Currency War

Without a massive resurrection of American manufacturing and production, we enter into a trade war with little ammunition because we remain dependent on foreign production and goods, while other nations like China can easily expand into alternative markets and retain their own production capabilities. Trump could have launched a new renaissance of production in the U.S. if he had given corporations incentive to bring manufacturing back home. Instead, he gave them a sizeable tax cut without asking for anything in return. Those tax cuts, instead of creating jobs or luring factories back to the U.S., have instead been spent where we all knew they would be spent — on stock buybacks to prop up a flailing equities market.

This is a pce of an article @ Silver Doctors



Agreed, the tax cut to the wealthy made them even wealthier and increase our deficit.
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Re: US Trade Wars (15 June 2018 – present)

Postby GoranZ on Sun Jun 17, 2018 5:03 pm

By the time trade war ends US will sell nothing to China, and will still buy a lot :shock:

Just as China topped the list of nations buying US oil, Beijing - retaliating to unilateral Trump economic threats - sent jitters through energy markets on Friday by threatening new tariffs on natural gas, crude oil and many other energy products.

On Friday, Beijing threatened to impose tariffs on US energy products in response to $50 billion in tariffs imposed by US President Donald Trump. Such tariffs would inhibit Chinese refiners from buying US crude imports, potentially crashing US energy markets and hitting the fossil fuel industry where it hurts the most: in shareholder approval.

According to US Energy Department figures, China imports approximately 363,000 barrels of US crude oil daily. The country also imports about 200,000 barrels a day of other petroleum products including propane.

The US energy industry has seen its profits boosted by fracking in domestic shale fields, which produce some 10.9 million barrels of oil per day.

The US is also exporting a record 2 million barrels per day, and encouraging countries like China to import more US energy products instead of those from Iran, after Trump recently withdrew from the historic Joint Comprehensive Plan of Action (JCPOA) 2015 nuclear arms deal with Tehran.

China is currently the largest buyer of Iranian oil as well, purchasing some 650,000 barrels daily during the first quarter of 2018.

Didn’t See That Coming: China Threat of New Crude Oil Tariff a Surprise in US
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Re: US Trade Wars (15 June 2018 – present)

Postby Bernie Sanders on Sun Jun 17, 2018 6:55 pm

GoranZ wrote:By the time trade war ends US will sell nothing to China, and will still buy a lot :shock:

Just as China topped the list of nations buying US oil, Beijing - retaliating to unilateral Trump economic threats - sent jitters through energy markets on Friday by threatening new tariffs on natural gas, crude oil and many other energy products.

On Friday, Beijing threatened to impose tariffs on US energy products in response to $50 billion in tariffs imposed by US President Donald Trump. Such tariffs would inhibit Chinese refiners from buying US crude imports, potentially crashing US energy markets and hitting the fossil fuel industry where it hurts the most: in shareholder approval.

According to US Energy Department figures, China imports approximately 363,000 barrels of US crude oil daily. The country also imports about 200,000 barrels a day of other petroleum products including propane.

The US energy industry has seen its profits boosted by fracking in domestic shale fields, which produce some 10.9 million barrels of oil per day.

The US is also exporting a record 2 million barrels per day, and encouraging countries like China to import more US energy products instead of those from Iran, after Trump recently withdrew from the historic Joint Comprehensive Plan of Action (JCPOA) 2015 nuclear arms deal with Tehran.

China is currently the largest buyer of Iranian oil as well, purchasing some 650,000 barrels daily during the first quarter of 2018.

Didn’t See That Coming: China Threat of New Crude Oil Tariff a Surprise in US

A drop in price of crude oil is a big boost for consumer spending America.
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Re: US Trade Wars (15 June 2018 – present)

Postby GoranZ on Tue Jun 19, 2018 5:22 pm

Bernie Sanders wrote:A drop in price of crude oil is a big boost for consumer spending America.

It all depends how much will the dollar drop also ;)

Russia announced its intentions to join in the trade war.
"Because the US continues to apply protective measures in the form of additional import duties on steel and aluminum and refuses to provide compensation for Russia's losses, Russia is using its WTO rights and introducing balancing measures with respect to imports from the United States," Oreshkin said in a comment circulated by the ministry’s press service.

Moscow to Introduce Import Duties on US Products in Response to Tariffs

In the mintime Trump Administration is Exploring Tariffs on Another $200 Billion Worth of Chinese Goods. To me this will create inflation in US, and the prices on everyday items will go up. Question remains if US is able to function without trade with other countries.
US President Donald Trump has reportedly directed US Trade Representative Robert Lighthizer to identify some $200 billion in Chinese goods to subject to a 10 percent trade tariff.

The new tariffs follow a set imposed Friday and would go into effect "if China refuses to change its practices and also if it insists on going forward with the new tariffs that it has recently announced," Trump told reporters Monday. Tariffs at a 25 percent rate, worth $50 billion, came Friday and targeted China's technology imports from the United States.

The tit-for-tat measures between the countries follow Trump's derision of the US' trade deficit with China, which he has cited as being in excess of $500 billion per year.

China's proposed measure in response to Friday's tariffs "creates a lot of market uncertainty that makes it harder to sell cargoes or sign long-term [trade] deals," Bernadette Johnson, of the energy consultancy firm Drillinginfo, told Reuters.
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Re: US Trade Wars (15 June 2018 – present)

Postby Bernie Sanders on Tue Jun 19, 2018 5:34 pm

GoranZ wrote:
Bernie Sanders wrote:A drop in price of crude oil is a big boost for consumer spending America.

It all depends how much will the dollar drop also ;)

Russia announced its intentions to join in the trade war.
"Because the US continues to apply protective measures in the form of additional import duties on steel and aluminum and refuses to provide compensation for Russia's losses, Russia is using its WTO rights and introducing balancing measures with respect to imports from the United States," Oreshkin said in a comment circulated by the ministry’s press service.

Moscow to Introduce Import Duties on US Products in Response to Tariffs

In the mintime Trump Administration is Exploring Tariffs on Another $200 Billion Worth of Chinese Goods. To me this will create inflation in US, and the prices on everyday items will go up. Question remains if US is able to function without trade with other countries.
US President Donald Trump has reportedly directed US Trade Representative Robert Lighthizer to identify some $200 billion in Chinese goods to subject to a 10 percent trade tariff.

The new tariffs follow a set imposed Friday and would go into effect "if China refuses to change its practices and also if it insists on going forward with the new tariffs that it has recently announced," Trump told reporters Monday. Tariffs at a 25 percent rate, worth $50 billion, came Friday and targeted China's technology imports from the United States.

The tit-for-tat measures between the countries follow Trump's derision of the US' trade deficit with China, which he has cited as being in excess of $500 billion per year.

China's proposed measure in response to Friday's tariffs "creates a lot of market uncertainty that makes it harder to sell cargoes or sign long-term [trade] deals," Bernadette Johnson, of the energy consultancy firm Drillinginfo, told Reuters.

As long as the Chinese rather hide their money in America, the dollar will remain strong.

Ooops, Chinese stock markets is falling as we speak.

Guess who gets hurt more in trade war between America and China?

Granted what Trump is doing against Europe, Mexico and Canada will effect America adversely.

Trump is a moron and has no clue about world economics.

BTW, Russia has no effect on the American economy.
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Re: US Trade Wars (15 June 2018 – present)

Postby waauw on Wed Jun 20, 2018 9:04 am

Bernie Sanders wrote:BTW, Russia has no effect on the American economy.


Russia had an effect on Trump, and Trump...
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Re: US Trade Wars (15 June 2018 – present)

Postby Bernie Sanders on Wed Jun 20, 2018 9:43 am

waauw wrote:
Bernie Sanders wrote:BTW, Russia has no effect on the American economy.


Russia had an effect on Trump, and Trump...


I stand corrected.
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Re: US Trade Wars (15 June 2018 – present)

Postby armati on Wed Jun 20, 2018 11:05 am

Jun 16 Donald Trump's "Madness" Hugo Salinas Price plata
I dont no if that link will work or not, i got it from "321 gold".

Mr Price explains how/why concerning the U.S. trade deficit.

Because the U.S. is the world reserve currency the U.S. must run deficits, thats how other countries build their dollar reserves.
The deal was made at bretton woods 1944.

Im sure Trump understands all this, how is it possible a person make billions without understanding? but possible i guess.

Anyway, if we assume that Trump is not a complete imbecile we should be asking our selves what he is trying to accomplish.

Is it simply to hasten the reserve currency change? because the dollar is being dropped like a hot tater.
To change how the states works? the U.S. is isolating itself...

I dont believe 1 word the U.S. government says about anything and I dont know what this deficits garbage is about, other than its not about trade deficits.
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Re: US Trade Wars (15 June 2018 – present)

Postby armati on Wed Jun 20, 2018 11:11 am

the children being separated from parents is the same, why all the publicity now? The U.S gov has been separating parents and kids for decades.
Now they decide to have the media bring it to peoples attention, I dont know what its about but I doubt very much it has to do with kids and parents being separated.

Maybe its a test run for the fema camps, no idea of course but it wouldnt surprise me.
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Re: US Trade Wars (15 June 2018 – present)

Postby armati on Wed Jun 20, 2018 11:12 am

oops, not a test of the camps themselves, a test of the people reaction to them.
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Re: US Trade Wars (15 June 2018 – present)

Postby mrswdk on Wed Jun 20, 2018 11:21 am

It's so that the US can quietly drop its ridiculous self-harming second round of tariffs while everyone is fixated on its institutionalized child abuse instead.
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Re: US Trade Wars (15 June 2018 – present)

Postby GoranZ on Sun Jun 24, 2018 12:09 pm

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Re: US Trade Wars (15 June 2018 – present)

Postby GoranZ on Mon Jul 02, 2018 5:30 pm


The United States could get a new round of retaliatory tariffs worth as much as $300 billion, if it moves ahead with new duties on European cars, the EU has warned.
In a written statement to the US Department of Commerce Brussels reportedly warned that imposing tariffs on European cars “will be harmful first and foremost for the US economy.”

The $300 billion figure identified by the EU is roughly equivalent to the value of US imports of automobiles and parts, which reached $330 billion in 2017.

Europe threatens US with new tariffs worth $300bn as trade war escalates

Europe is not kidding, retaliation tariffs will affect 90% of 2017 automobiles exports to Europe. Or in other words there wont be any new US automobile on European roads until Americans repent their sins.
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