Fun with tariffs...China edition...
https://finance.yahoo.com/news/china-imposing-tariffs-us-meat-fruit-other-products-200629692--finance.html
If you need help seeing the added comedy in this response this might help:
https://en.wikipedia.org/wiki/Smithfield_Foods
Founded in 1936 as the Smithfield Packing Company in Smithfield, Virginia, by Joseph W. Luter and his son, the company is the largest pig and pork producer in the world.[3]
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Then known as Shuanghui Group, WH Group purchased Smithfield Foods in 2013 for $4.72 billion, more than its market value.[7] It was the largest Chinese acquisition of an American company to date.[8] The acquisition of Smithfield's 146,000 acres of land made WH Group, headquartered in Luohe, Henan province, one of the largest overseas owners of American farmland.[9]
Comments
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I don't usually buy Smithfield and I'll make sure I never do!
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Generally, The Throbber is in favor of a good porking.
Henceforth, will need to be more judicious.
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It's all a negotiating ploy. Art of the deal.insinceredawg said: -
You've grown stale.2001400ex said:
It's all a negotiating ploy. Art of the deal.insinceredawg said: -
Actually if you look at the list its very telling...in order to get to $50 billion they are pretty desperate to find anything to put on the list because the trade balance is so out-of-wack with them. Its a long list because the $$ amounts on most of the stuff is pretty small. For 2017 we exported $130 billion to them (how much owned by Chinese firms...aka pork being a good example?) and imported $506 billion from them (https://www.census.gov/foreign-trade/balance/c5700.html). If they are going to try and match $ for $ they are going to run out of room pretty soon...insinceredawg said:
On top of that the stuff that is significant $$$ screws them as bad as it does us. As an example look at soybeans...they have no option but to buy from us. Just isn't enough supply out there. They can put a tariff on it, but all that does is drive up food prices there which hits their population a lot harder than it does ours.
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A lot of words to then actually agree the tariffs are fucktarded. But you won't actually come out and say it.HoustonHusky said:
Actually if you look at the list its very telling...in order to get to $50 billion they are pretty desperate to find anything to put on the list because the trade balance is so out-of-wack with them. Its a long list because the $$ amounts on most of the stuff is pretty small. For 2017 we exported $130 billion to them (how much owned by Chinese firms...aka pork being a good example?) and imported $506 billion from them (https://www.census.gov/foreign-trade/balance/c5700.html). If they are going to try and match $ for $ they are going to run out of room pretty soon...insinceredawg said:
On top of that the stuff that is significant $$$ screws them as bad as it does us. As an example look at soybeans...they have no option but to buy from us. Just isn't enough supply out there. They can put a tariff on it, but all that does is drive up food prices there which hits their population a lot harder than it does ours.
Shill -
God you are fucking moron. Like Huuge, as Trump would say.
Tariffs between equal or even similar trading partners suck.
Helpful hint...US trade to China is not equal or even similar to China trade to the US. Add to that all of the intellectual property theft, regulations on investments, etc. They declared a trade war on us years and years ago...we just decided to kick back a little. We haven't come even close to responding in kind, and I doubt we ever will.
Tariffs suck, but letting the status quo continue on and get worse sucks even more. Its not a difficult concept for anyone to at least understand (agree or disagree)...unless of course you are HondoFS.
You ought to go back to your stick figure drawings...they are more in line with your level of understanding of things... -
And yet it's a consensus among economists that tariffs are a race to the bottom. What an enigma.HoustonHusky said:God you are fucking moron. Like Huuge, as Trump would say.
Tariffs between equal or even similar trading partners suck.
Helpful hint...US trade to China is not equal or even similar to China trade to the US. Add to that all of the intellectual property theft, regulations on investments, etc. They declared a trade war on us years and years ago...we just decided to kick back a little. We haven't come even close to responding in kind, and I doubt we ever will.
Tariffs suck, but letting the status quo continue on and get worse sucks even more. Its not a difficult concept for anyone to at least understand (agree or disagree)...unless of course you are HondoFS.
You ought to go back to your stick figure drawings...they are more in line with your level of understanding of things... -
Trump said we had the best economy ever just a month ago. We were booming from the tax cuts. But now the status quo sucked? What exactly was wrong with our economy where tariffs were necessary?HoustonHusky said:God you are fucking moron. Like Huuge, as Trump would say.
Tariffs between equal or even similar trading partners suck.
Helpful hint...US trade to China is not equal or even similar to China trade to the US. Add to that all of the intellectual property theft, regulations on investments, etc. They declared a trade war on us years and years ago...we just decided to kick back a little. We haven't come even close to responding in kind, and I doubt we ever will.
Tariffs suck, but letting the status quo continue on and get worse sucks even more. Its not a difficult concept for anyone to at least understand (agree or disagree)...unless of course you are HondoFS.
You ought to go back to your stick figure drawings...they are more in line with your level of understanding of things...
