China urges more trade talks as tariffs on US goods begin

[Sonea 138]

1 minute ago, Il Mango Dulce said:

The tariffs will make US products less attractive and Chinese consumers will turn to other sources.  

And? Not sure how that address my question.

[Amica Nostra 4,803]

11 minutes ago, Sonea said:

Canada creates its steel from its own vast iron ore deposits.

my statement was for the concept only, but in fact 1/3 of Duluth iron exports land in Quebec.

 

[Amica Nostra 4,803]

1 minute ago, Sonea said:

And? Not sure how that address my question.

You are assuming that the economic impact of  tariffs imposed will not the exceed the amount of tariffs collected.  If you are in a high value added product area ( Boeing) and your trading counterpart is in a low valued added product area (blue jeans), you will never come out ahead in that war.

[Sonea 138]

2 minutes ago, Il Mango Dulce said:

You are assuming that the economic impact of  tariffs imposed will not the exceed the amount of tariffs collected.  If you are in a high value added product area ( Boeing) and your trading counterpart is in a low valued added product area (blue jeans), you will never come out ahead in that war.

It looks like China has only targeted low value agricultural products. (and lets be honest - China already has massive tarrifs on western high value goods including the auto industry).

Edited April 2, 2018 by Sonea

[jg121783 3,921]

21 minutes ago, Il Mango Dulce said:

The tariffs will make US products less attractive and Chinese consumers will turn to other sources.  

If that's true isn't it also true that Chinese products with tariffs on them will become less attractive? Either its true in both cases or neither case. Either way we still come out ahead as far as tarrifs are concerned.

[Sonea 138]

13 minutes ago, jg121783 said:

If that's true isn't it also true that Chinese products with tariffs on them will become less attractive? Either its true in both cases or neither case. Either way we still come out ahead as far as tarrifs are concerned.

What the sweet mango is getting at is that a higher end company is more sensitive to the loss of individual contracts. In this case though its about pork and wine

Edited April 2, 2018 by Sonea

[Amica Nostra 4,803]

50 minutes ago, jg121783 said:

If that's true isn't it also true that Chinese products with tariffs on them will become less attractive? Either its true in both cases or neither case. Either way we still come out ahead as far as tarrifs are concerned.

The first part is dead on.  The second part not so much.  
 

[jg121783 3,921]

3 hours ago, Il Mango Dulce said:

The first part is dead on.  The second part not so much.  
 

How so?

[Amica Nostra 4,803]

52 minutes ago, jg121783 said:

How so?

"Either its true in both cases or neither case"

 

is a fallacy of logic since China and it's output A is not equal to US and it's output B , and the tarrifs will be targeted to maximize the impact on each party you can never tell who will come out ahead. Just like a war the skirmishes and battles can appear as tactical victories but in fact be strategic blunders.

 

"Either way we still come out ahead as far as tarrifs are concerned. "

It depends who you mean by "we"

the Tarrifs have three effects: A tax on goods and increase in prices to the consumer,  temporary protection to the taxed country to help their industry recover or develop and, the importing consumers will look to other sources to satisfy demand.

So steel costs rise and US Mills open = good for steel workers in the US

Steel costs rise and GE pays more to build engines making us engines less competitive bad for GE workers

China retaliates with a Tarrifs on pistachios bad for farmers, pickers and shippers in central California. Good for me because I love pistachios and the price will drop. 

 

Markets and investors, business and workers even consumers hate uncertainty. The US pistachio farmers cannot swallow a 15% hit on their prices. GE may choose to move production to better supply location and in the long run we have no guarantee that US steel wll recover which is our original goal.

 

But hey if you trust the federal government to take that tarrif money and make the farmers, shippers, GE workers whole with subsidies and worker relief....

[Jacque67 7,328]

https://www.washingtonpost.com/world/asia_pacific/china-fires-back-at-trump-with-tariffs-on-106-us-products-including-soybeans-cars/2018/04/04/338134f4-37d8-11e8-b57c-9445cc4dfa5e_story.html

this will hit red states. $50B of tariffs on US goods. 

Trump will sort this out no doubt  

[Jacque67 7,328]

Or perhaps not. Pass the buck, contradict previous statements. That's Don the Con!

 

We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!

DJT

[Amica Nostra 4,803]

16 minutes ago, Jacque67 said:

https://www.washingtonpost.com/world/asia_pacific/china-fires-back-at-trump-with-tariffs-on-106-us-products-including-soybeans-cars/2018/04/04/338134f4-37d8-11e8-b57c-9445cc4dfa5e_story.html

this will hit red states. $50B of tariffs on US goods. 

Trump will sort this out no doubt  

Ag state congressmen will help him...

[Jacque67 7,328]

We're not in a trade war with China but...

https://www.vox.com/policy-and-politics/2018/3/15/17119708/trump-tariffs-trade-war-dan-dimicco-ustr

[jg121783 3,921]

You are way out of touch with reality if you don't think we have been in a trade war with China for decades. I know it doesn't seem like much of a war because up until now we have done little to nothing to fight back and have allowed China to walk all over us. If you think Trump is all of a sudden starting a trade war you don't even have a basic understanding of economics or geopolitics.

[Jacque67 7,328]

But, but, Trump just stated "We are not in a trade war with China" 

His own words.

Rebecca Dallet.