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Re: Trump's Trade Follicy

Posted: Fri Jul 12, 2019 12:56 pm
by Volkonski
So much winning. ;)

China imports from US plunge 31% in June amid tariff war

https://abcnews.go.com/Business/wireSto ... r-64286836
Imports of U.S. goods fell 31.4% from a year earlier to $9.4 billion, while exports to the American market declined 7.8% to $39.3 billion, customs data showed Friday. China's trade surplus with the United States widened by 3% to $29.9 billion, potentially giving its critics ammunition to demand Washington take a hard line with Beijing.

Re: Trump's Trade Follicy

Posted: Fri Jul 12, 2019 2:35 pm
by Notorial Dissent
Yes, winning so ever bigly.....

Re: Trump's Trade Follicy

Posted: Fri Jul 12, 2019 3:48 pm
by RTH10260
Speculative: how high would tariffs on Chinese goods need to be set to discourage the US markets form purchasing ?

TYOP woulf wuff wuff

Re: Trump's Trade Follicy

Posted: Fri Jul 12, 2019 4:10 pm
by Dan1100
RTH10260 wrote:
Fri Jul 12, 2019 3:48 pm
Speculative: how high woulf tariffs on Chinese goods need to be set to discourage the US markets form purchasing ?
I don't think you can make a general number. Every commodity would be different.

There would be 2 factors. How much would it cost to get the commodity someplace else (if you can get it someplace else) and the elasticity of demand for the commodity.

Re: Trump's Trade Follicy

Posted: Tue Jul 16, 2019 11:26 am
by Addie
Business Insider: Trump's trade war appears to be costing the US more money than it's saving

Re: Trump's Trade Follicy

Posted: Tue Jul 23, 2019 6:22 am
by RTH10260
Many new job opportunities... :sarcasm:
Huawei's U.S. research arm slashes jobs as trade ban bites
Jane Lanhee Lee, Sijia Jiang

SANTA CLARA, Calif./HONG KONG (Reuters) - China’s Huawei Technologies laid off more than two-thirds of the 850-strong workforce at its Futurewei Technologies research arm in the United States, after being blacklisted by the government.

Futurewei, which has offices in Silicon Valley and the greater Seattle, Chicago and Dallas areas, said it cut more than 600 jobs. The unit, set up in part to work with universities and researchers, recorded $510 million in operating costs last year.

Huawei is the world’s largest telecommunications equipment manufacturers. The U.S. Commerce Department in May placed the firm on its “entity list” of organizations that pose security risks. The Justice Department has filed charges against the firm alleging theft of trade secrets and other crimes.

Huawei said the job cuts, effective July 22, were “due to the curtailment of business operations” caused by the U.S. government’s actions.

The trade blacklist has made it illegal for Futurewei to transfer sensitive technologies to its parent. The blacklist also restricts Huawei from purchasing products from U.S. technology companies.


https://www.reuters.com/article/us-huaw ... SKCN1UH23D

Re: Trump's Trade Follicy

Posted: Tue Jul 23, 2019 9:31 am
by Slim Cognito
Indulge me a bit of my very late night musings. I'm putting it here because of trump's trade war. Apologies if it's not appropriate.

We know Russia interfered to elect trump and will interfere again.

China is most likely waiting him out.* If Russia can sabotage our elections, China can sabotage our elections.

What happens if new best buds, Putin and Xi, find themselves on opposite ends of their desired 2020 election outcome?

*and if my not-expert opinion is incorrect, I'm sure somebody will let me know. I'm a good listener.

Re: Trump's Trade Follicy

Posted: Tue Jul 23, 2019 6:04 pm
by Addie
Reuters
U.S. to pay $15 minimum per acre to farmers hurt by China trade war

WASHINGTON (Reuters) - The U.S. government will pay a minimum of $15 per acre to farmers hurt by President Donald Trump’s trade war with China under an aid package to be unveiled before the end of the week, Agriculture Secretary Sonny Perdue said on Tuesday.

U.S. farmers, a key Trump constituency, have been among the hardest hit in the trade war between the world’s two largest economies. Soybeans are the most valuable U.S. farm export, and shipments to China dropped to a 16-year low in 2018.

A new aid program would be the second round of assistance for farmers, after the Department of Agriculture’s $12 billion plan last year to compensate for lower prices for farm goods and lost sales stemming from trade disputes with China and other nations.

The USDA has redesigned last year’s aid program based on feedback. The new package will have a single payment rate per county, calculated by the damages in that area, instead of a rate for every commodity across the nation.

Re: Trump's Trade Follicy

Posted: Tue Jul 23, 2019 6:16 pm
by much ado
Slim Cognito wrote:
Tue Jul 23, 2019 9:31 am
Indulge me a bit of my very late night musings. I'm putting it here because of trump's trade war. Apologies if it's not appropriate.

We know Russia interfered to elect trump and will interfere again.

China is most likely waiting him out.* If Russia can sabotage our elections, China can sabotage our elections.

What happens if new best buds, Putin and Xi, find themselves on opposite ends of their desired 2020 election outcome?

*and if my not-expert opinion is incorrect, I'm sure somebody will let me know. I'm a good listener.
Someone should write a screenplay based on that scenario right now.

Re: Trump's Trade Follicy

Posted: Wed Jul 24, 2019 12:24 pm
by Slim Cognito
Just a personal note.

Hubs inherited some farm land which he leases out. His current tenant has been very reliable but his annual lease payment is late. He called last week to tell Hubs he's quitting the farming business and he'll send the money as soon as he can.

I wonder if he voted for trump (it's a blood-red state, so probably). I wonder how he feels about that now.

Re: Trump's Trade Follicy

Posted: Wed Jul 24, 2019 1:32 pm
by Hurtzi
Slim Cognito wrote:
Wed Jul 24, 2019 12:24 pm
Just a personal note.

Hubs inherited some farm land which he leases out. His current tenant has been very reliable but his annual lease payment is late. He called last week to tell Hubs he's quitting the farming business and he'll send the money as soon as he can.

I wonder if he voted for trump (it's a blood-red state, so probably). I wonder how he feels about that now.
Rub in the salt and ask him. Be cruel. He may deserve it.

Re: Trump's Trade Follicy

Posted: Wed Jul 24, 2019 10:58 pm
by Mikedunford
Hurtzi wrote:
Wed Jul 24, 2019 1:32 pm
Slim Cognito wrote:
Wed Jul 24, 2019 12:24 pm
Just a personal note.

Hubs inherited some farm land which he leases out. His current tenant has been very reliable but his annual lease payment is late. He called last week to tell Hubs he's quitting the farming business and he'll send the money as soon as he can.

I wonder if he voted for trump (it's a blood-red state, so probably). I wonder how he feels about that now.
Rub in the salt and ask him. Be cruel. He may deserve it.
That's kind of fucked up.

Re: Trump's Trade Follicy

Posted: Thu Jul 25, 2019 12:25 am
by HST's Ghost
Someone mentioned the #noplant19 hashtag on Twitter if you want to hear directly about the farmers' plight -which I think is a good idea...There seems to be a lot of chatter about rising food prices...All of this is no good for anybody in the US, so yeah, y'all need to gather these people as the scales fall from their eyes regarding the Drumpf Non-Administration. Everything seems set for a real implosion sometime before the end of year, both economically, diplomatically and politically...sigh...

Re: Trump's Trade Follicy

Posted: Thu Jul 25, 2019 7:13 am
by Hurtzi
Mikedunford wrote:
Wed Jul 24, 2019 10:58 pm
Hurtzi wrote:
Wed Jul 24, 2019 1:32 pm
Slim Cognito wrote:
Wed Jul 24, 2019 12:24 pm
Just a personal note.

Hubs inherited some farm land which he leases out. His current tenant has been very reliable but his annual lease payment is late. He called last week to tell Hubs he's quitting the farming business and he'll send the money as soon as he can.

I wonder if he voted for trump (it's a blood-red state, so probably). I wonder how he feels about that now.
Rub in the salt and ask him. Be cruel. He may deserve it.
That's kind of fucked up.
Caedite eos. Novit enim Dominus qui sunt eius.

Re: Trump's Trade Follicy

Posted: Thu Jul 25, 2019 8:33 am
by RTH10260
HST's Ghost wrote:
Thu Jul 25, 2019 12:25 am
Someone mentioned the #noplant19 hashtag on Twitter if you want to hear directly about the farmers' plight -which I think is a good idea...There seems to be a lot of chatter about rising food prices...All of this is no good for anybody in the US, so yeah, y'all need to gather these people as the scales fall from their eyes regarding the Drumpf Non-Administration. Everything seems set for a real implosion sometime before the end of year, both economically, diplomatically and politically...sigh...
I just watchd a rant on a Youtube video where the author listed how many precentage of crops are produced in California for the US home market. And that the farmers start to miss their illegal workers who don't come for work, have left or have been picked up by ICE raids. The guy predicts rising food prices just cause there will be a shortage of produce without hard working labour in the fields. This government has done nothing to make it easier to get crop workers legalized.

Re: Trump's Trade Follicy

Posted: Thu Jul 25, 2019 8:37 am
by Volkonski
Lack of farmworkers is also a big problem here on the North Fork. :(

Re: Trump's Trade Follicy

Posted: Thu Jul 25, 2019 9:11 am
by Mikedunford
Hurtzi wrote:
Thu Jul 25, 2019 7:13 am
Mikedunford wrote:
Wed Jul 24, 2019 10:58 pm
Hurtzi wrote:
Wed Jul 24, 2019 1:32 pm


Rub in the salt and ask him. Be cruel. He may deserve it.
That's kind of fucked up.
Caedite eos. Novit enim Dominus qui sunt eius.
A classical reference to one of the less civilized periods in the European history doesn't make the idea less fucked up now. If anything, it makes it worse - one would hope we'd have learned something by now.

Re: Trump's Trade Follicy

Posted: Thu Jul 25, 2019 9:12 am
by RoadScholar
Hurtzi wrote:
Thu Jul 25, 2019 7:13 am
Mikedunford wrote:
Wed Jul 24, 2019 10:58 pm
Hurtzi wrote:
Wed Jul 24, 2019 1:32 pm


Rub in the salt and ask him. Be cruel. He may deserve it.
That's kind of fucked up.
Caedite eos. Novit enim Dominus qui sunt eius.
Nihil enim est occidere aut mori, quod nulla religio est.

Re: Trump's Trade Follicy

Posted: Thu Jul 25, 2019 11:18 pm
by woodworker
HST's Ghost wrote:
Thu Jul 25, 2019 12:25 am
Someone mentioned the #noplant19 hashtag on Twitter if you want to hear directly about the farmers' plight -which I think is a good idea...There seems to be a lot of chatter about rising food prices...All of this is no good for anybody in the US, so yeah, y'all need to gather these people as the scales fall from their eyes regarding the Drumpf Non-Administration. Everything seems set for a real implosion sometime before the end of year, both economically, diplomatically and politically...sigh...

Time for a war to distract the masses and to try to force the Dems to rally behind him.

Slightly OT question for the FB: If Trump ordered the use of nukes, (a) would the military comply, (b) would the cabinet implement the 25th and (c)(1) would the House immediately impeach and (2) the Senate convict (all assuming that Iran doesn't go batshit first and attack us)? Also, international response??? I may start a new thread for this.

Re: Trump's Trade Follicy

Posted: Fri Jul 26, 2019 11:02 am
by Volkonski

Re: Trump's Trade Follicy

Posted: Fri Jul 26, 2019 11:20 am
by Hurtzi
Shit when you have to pray for a steep recession to get rid of the madman.

Re: Trump's Trade Follicy

Posted: Fri Jul 26, 2019 5:33 pm
by Gregg
It would be like, 30% or more, if it wasn't for the Very Bad Fed who keeps rates at historical highs!

/crazy

Re: Trump's Trade Follicy

Posted: Fri Jul 26, 2019 7:40 pm
by Addie
BBC News
Trump threatens tariffs against 'foolish' Macron

US President Donald Trump has accused French President Emmanuel Macron of "foolishness" over a digital services tax, and hinted that he would tax French wine in retaliation.

Mr Trump voiced his anger in a Tweet on Friday, in response to French plans to tax multinational firms like Google.

French authorities argue that the firms pay little or no corporate tax in countries where they are not based.

The Trump administration has said the tax unfairly targets US tech giants.

"France just put a digital tax on our great American technology companies. If anybody taxes them, it should be their home Country, the US," Mr Trump wrote on Twitter.

"We will announce a substantial reciprocal action on Macron's foolishness shortly. I've always said American wine is better than French wine!"

Re: Trump's Trade Follicy

Posted: Fri Jul 26, 2019 8:44 pm
by Gregg
I thought a few or more of these companies were actually Irish based for tax purposes.

Re: Trump's Trade Follicy

Posted: Sun Jul 28, 2019 1:24 pm
by Addie
Business Insider: The US economy slowed sharply in the 2nd quarter as Trump's trade war raged