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Thread: Trump's Tariff Threats Are Working On China

  1. #1

    Trump's Tariff Threats Are Working On China

    Trump's Tariff Threats Are Working On China



    https://www.forbes.com/sites/kenrapo.../#4a779fb47c86



    The market owes a lot of today's bounce to Chinese president Xi Jinping. He has conceded that tariffs on U.S. cars and trucks coming into his country are too high. They are coming down.


    Threats of trade tariffs work. Removing the threat of adding extra costs to foreign exporters is like going into a fistfight in handcuffs. You can still win that fight if you're really crafty and great at kicking, but all things being equal, you're probably going to down in the first round.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."



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  3. #2
    Sounds like lower taxes.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  4. #3
    Worth noting: https://www.npr.org/2018/04/10/60107...rriers-xi-says

    Now, that seems on the surface a big thing for U.S. carmakers, but it's worth pointing out here that U.S. automakers like GM and Ford now make nearly all the cars they sell in China at factories inside of China. So this likely won't have a very big impact.
    and:

    but this is not the first time the Chinese have vowed to reduce tariffs on foreign cars, or even to lift limits on foreign ownership of companies inside of China.
    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    "Truth isn't truth"- Rudy Giuliani

    "China has total respect for Donald Trump and for Donald Trump's very, very large brain," - Donald Trump.

    I am Zippy and I approve of this post. But you don't have to.



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