Huge China trade policy reversal

RaceBannon said:

CNN?

I'll wait for a mainstream report

Babylonbee?

MikeDamone said:

A

greenblood said:

MikeDamone said:

Chintresting https://www.ibtimes.com/infographic-us-china-trade-deficit-widens-despite-tariffs-2752756

The deficit is getting larger because of the slow down in the Chinese economy. They aren't importing as much raw materials as they had previously. Hopefully the president isn't stuck on deficit vs surplus in this trade war, because they are irrelevant in the grand scheme of things. This trade war should be about one thing and one thing only, and that's intellectual property theft. China is putting a hard line on intellectual property theft, because it is the only way they can continue to grow. The Chinese economy is so overburdened with debt, that they can not afford their businesses to invest resources on R&D. The Chinese debt to GDP ratio as of mid-2017 was hovering around 256% (Figure taken from Bloomberg). To put this in perspective...We? talk about how bad our? debt ceiling is... well...The U.S Debt to GDP ratio as of the same time was at 107%. So basically, China's debt problem is 2.5 times worse than the U.S.

China has also promised to double their economy by 2025. They can't do that by playing fair, unless they take out a shit load of new debt, which they realistically can't. The only way to have any chance of achieving this goal is to do things business as usual. The tariff's were designed (at least I hope) to put pressure on this idea.

I can’t tell you how many trumpeters who try to tell the the trade deficit must be “solved”. It fucking drives me nuts

I agree, and I admittedly used to think that way.

Then I actually used common sense and realized it all balances out in the end. Even if China has a trade surplus, it means U.S citizens get to buy cheaper shit, and thus have more disposable income to buy more shit. I have no problem with China profiting off of the manufacturing of cheap shit. That is exactly what the free market is all about. However, making knock offs of higher priced foreign products and selling them as direct competition without any initial investment (R&D) giving them a built in price advantage is not following the principles of the free market. That in itself is grounds for terminating free market trade and installing tariffs, then escalating if necessary.

Facts are facts. China depends on the U.S. market much more than the U.S. depends on China. The U.S. can and already outsource cheap manufacturing to Taiwan, Singapore, Vietnam, etc. There is no bigger market in the world than the United States. The U.S. customer buys more foreign crap than any other customer base in the world. China might have more people, but the U.S. has the most people with money. If China ever ran into difficulty selling their goods to the U.S., they would be less than 10 years away from total collapse.

UW_Doog_Bot said:

Greenblood doing work in this thread.

I'll have to find it but I read some stuff by some higher up economists that the white house knows the trade deficits are meaningless. It's just a talking/selling point to get the American Public to buy off on the trade war. This is about bigger fish than "manufacturing jerbs".

• Government sponsored corporate espionage(including IP theft)
  
• Election meddling, Elected official capture, and shell lobbying
  
• International debt capture
  
• Investment manipulation including sanctions violations(NK and Iran)
  

Just to name a few things. Think of how a call for "sanctions" against China would go. Re-framing it as a "trade war" gives the white house a lot more room to dictate terms.

I didn't think of those other angles. Definitely a possibility

PurpleThrobber said:

RaceBannon said:

PurpleThrobber said:

China is busy jailing Canadians right now.

And?

https://www.theglobeandmail.com/opinion/article-for-the-security-of-canadians-huawei-should-be-banned-from-our-5g/


In recent days, we have seen a Canadian, Robert Schellenberg, sentenced to death by a Chinese court in a hasty retrial for a drug smuggling offence. The sentence, which has been characterized as “arbitrary” by Prime Minister Justin Trudeau, seems clearly intended as retaliation for the recent arrest in Vancouver of Huawei executive Meng Wanzhou on charges related to the violation of sanctions on Iran. Allies such as Australia and the United States have issued statements condemning the death sentence.

With at least two other apparently innocent Canadians detained by China in relation to the Meng case, China’s ambassador to Canada, Lu Shaye, seems to be doing everything in his power to escalate this tense situation with regular missives accusing Canada of “backstabbing,” “white supremacy” and “mocking and trampling the rule of law,” when, of course, Canada was simply upholding the rule of law by arresting Ms. Meng on a U.S. warrant in accordance with our extradition treaty with the United States.

Trudeau cowering? Color me surprised

Always fuck China

Trudy is a bitch. Need some tuff quebecois

2001400ex said:

UW_Doog_Bot said:

Greenblood doing work in this thread.

I'll have to find it but I read some stuff by some higher up economists that the white house knows the trade deficits are meaningless. It's just a talking/selling point to get the American Public to buy off on the trade war. This is about bigger fish than "manufacturing jerbs".

• Government sponsored corporate espionage(including IP theft)
  
• Election meddling, Elected official capture, and shell lobbying
  
• International debt capture
  
• Investment manipulation including sanctions violations(NK and Iran)
  

Just to name a few things. Think of how a call for "sanctions" against China would go. Re-framing it as a "trade war" gives the white house a lot more room to dictate terms.

So what you are saying is. Trump has to lie to his base. And his base has to be Dumb enough to believe it. To sell the China tariff war.

I appreciate your honesty.

If I like my doctor can I keep him?