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| China-Japan-Koreas |
| China raises tariffs on $50B of US soybeans, other goods |
| 2018-04-04 |
| [Breitbart] BEIJING (AP) ‐ China on Wednesday issued a $50 billion list of U.S. goods including soybeans and aircraft for possible tariff hikes in an escalating technology dispute with Washington that companies worry could set back the global economic recovery. The country’s tax agency gave no date for the 25 percent increase to take effect and said that will depend on what President Donald Trump does about U.S. plans to raise duties on a similar amount of Chinese goods. Beijing’s list of 106 products included the biggest U.S. exports to China, reflecting its intense sensitivity to the dispute over American complaints that it pressures foreign companies to hand over technology. The clash reflects the tension between Trump’s promises to narrow a U.S. trade deficit with China that stood at $375.2 billion last year and the ruling Communist Party’s development ambitions. Regulators use access to China’s vast market as leverage to press foreign automakers and other companies to help create or improve industries and technology. |
| Posted by:Besoeker |
| #19 >Think of it as equalizing out for the base prices of Labo(u)r.> I would, except that I have been formally trained in economics. Trade is the source of all wealth, and comparative advantage is the foundation of trade. Raising prices on goods you can't produce competitively is just that -- raising prices. No thanks. |
| Posted by: Iblis 2018-04-04 21:45 |
| #18 >Tariffs never work, and consumers pay the bill. That's only true if the Cost of Living is the same in both countries. Think of it as equalizing out for the base prices of Labo(u)r. |
| Posted by: Bright Pebbles 2018-04-04 18:11 |
| #17 You can get an array of Chink made shoes at Walmart for $10 a pair. Uh-huh. I saw a pair of Ni-kes approaching $232, and people were buying them. Tariffs don't mean much to many. |
| Posted by: Skidmark 2018-04-04 16:54 |
| #16 Tariffs never work, and consumers pay the bill. That's why our high end defense equipment is so expensive? Should buy foreign, right? |
| Posted by: Procopius2k 2018-04-04 16:48 |
| #15 Tariffs never work? WTF? They've been working fantastically well for China. Their domestic markets are shielded from malevolent forces and their own people are employed and create wealth. Who cares if a pound of peaches is $1.79 instead of $1.59? Maximizing GDP growth over benefiting your own people is wrong. People can't buy cheap goods if they have no jobs. Better to have expensive goods that people can afford than cheap garbage they can't pay for. |
| Posted by: Herb McCoy 2018-04-04 16:02 |
| #14 China targets US beef also, which means beef prices here should drop. |
| Posted by: Omeger Gray6606 2018-04-04 15:14 |
| #13 I remember twenty years ago when computers were much more expensive, and I could afford one. |
| Posted by: Thing From Snowy Mountain 2018-04-04 14:06 |
| #12 Tariffs never work, and consumers pay the bill. |
| Posted by: Iblis 2018-04-04 13:58 |
| #11 Will Trump be able to stand up to the all powerful soybean cartel? The suspense is killing me, so wake me when it's over. |
| Posted by: regular joe 2018-04-04 13:55 |
| #10 Stock market panicked again. |
| Posted by: 3dc 2018-04-04 12:16 |
| #9 China may shoot itself in the foot. Top 10 soybean producing countries, USA, by far grows the most soybeans. |
| Posted by: JohnQC 2018-04-04 12:13 |
| #8 You can get an array of Chink made shoes at Walmart for $10 a pair. If the tarrifs cause the price to go up to $11 or $12 dollars a pair, that is still lower than what US manufacturers can make a pair for. Buys a little breathing room but at least it is a start. |
| Posted by: Omeger Gray6606 2018-04-04 09:33 |
| #7 The 'Amish of the Orient.' These people were 'trading' thousands of years before 'temple doves' went on sale. Whom do you think you are dealing with? Come on people, let's get our heads out of our arses. |
| Posted by: Besoeker 2018-04-04 09:31 |
| #6 The bean farmers around here are quite nervous about this. Almost 35% of the local crop heads to China. U.S. farmers are always bitching and moaning about something. Too wet to plant, too dry to plant, too cold, too hot, beef, pork, corn and soy bean prices too low...on and on it goes. Farming b-hard. Always has been. |
| Posted by: Besoeker 2018-04-04 09:03 |
| #5 China is super vulnerable to tariffs. This retaliation won't hurt America while our tariffs are going to really hurt them. This should have been done decades ago but our traitorous State Department decided to screw the American people on trade deals. Good job putting us out of work, assholes. |
| Posted by: Lumpy Jones3477 2018-04-04 08:58 |
| #4 The bean farmers around here are quite nervous about this. Almost 35% of the local crop heads to China. |
| Posted by: Mullah Richard 2018-04-04 08:56 |
| #3 ...more likely relabeling in Central America. Who really checks that stuff? You'd think the union cabals would find it in their own interest to do so, but the leadership is all proggie now and embarrassing 'new' arrivals. |
| Posted by: Procopius2k 2018-04-04 08:48 |
| #2 Raise the prices to cover the increase in tariffs and drive on. If the Chinese decline to purchase, find new customers and markets. In fact, begin the search for new customers and markets now. Suggest to Walmart, Home Depot, Lowes, J.C. Penny, and Target that they may wish to begin looking for Made In America products, just in case. Don't bother telling Sears, Montgomery Ward, Schwinn Bicycle, Brown Shoe Co., or K-Mart to 'Buy American'....too late for them. |
| Posted by: Besoeker 2018-04-04 08:43 |
| #1 Guess we’ll need to tariff Fentanyl. |
| Posted by: Skidmark 2018-04-04 08:37 |