A bunch of certifiable idiots in the US elected as their leader, one of the dumbest humans ever to stalk the earth.
Fucking amazing.
Fucking amazing.
People are making money shipping depressed price US soybeans to Argentina who sells their soybeans to China at a higher price. I wouldn't be surprised if they just do something like switching the labels.
Actually, China tariffs were 25%. They lowered them to 15% at the start of the trade tensions and this was because of Trump pushing for it. They then raised them to 40% for the USA in retaliation, but that does not change the fact that the 15% came from the trade war.
That type of transship and relabel is a common tariff dodge. Usually the Chinese send foods through a place like Malaysia and change the paperwork to say it is Malaysian in origin. Probably Chinese doing the reverse to generate some additional profits.
I almost did not post again as my first post for me a 100% negative score and I was thinking of quitting while on the top.
That’s a fair point, good to note! It should be noted though that reductions of that sort (and far more) were ones he probably could have gotten through China having to deal with the TPP anyway.
I doubt it, I lived there for 5 years and China has never done more than make promises they did not keep. TPP does not really change much on automotive tariffs. This is the first significant confrontation on trade since China moved past "developing" to a major world economy. The government did a good job of uplifting the average Chinese citizen and carefully protected segments of their economy from foreign competition, but it is time for them to open up.
I doubt it, I lived there for 5 years and China has never done more than make promises they did not keep. TPP does not really change much on automotive tariffs. This is the first significant confrontation on trade since China moved past "developing" to a major world economy. The government did a good job of uplifting the average Chinese citizen and carefully protected segments of their economy from foreign competition, but it is time for them to open up.
Sorry but what he did is absolutely the correct move here. They literally reneged on every single thing that was previously agreed. That isn't negotiating. That is being an ignorant piece of shit country.No deal. Tariffs go to 25%. Trump threatening the remainder of Chinese imports which are not subject to tariffs yet. Every last person in finance I've talked to for the last several months had banked on this getting done so going to be an interesting ride.
Here is his utter lunacy this morning:
View attachment 6186
Sorry but what he did is absolutely the correct move here. They literally reneged on every single thing that was previously agreed. That isn't negotiating. That is being an ignorant piece of shit country.
Want to play games? Fine, fuck off.
Sorry but what he did is absolutely the correct move here. They literally reneged on every single thing that was previously agreed. That isn't negotiating. That is being an ignorant piece of shit country.
Want to play games? Fine, fuck off.
No, this was a stupid fight Trump picked to begin with because he doesn’t understand how international trade works.
He should have gone the Obama route with TPP to rein China in but because The Black Guy did it we are stuck with this stupidity.
This whole process has been a motherfucking disaster. A comprehensive deal with China was never going to be easy nor would getting them to make significant concessions that they'd adhere to be a simple matter. Trump misled everyone because of his own incompetence about what was possible and likely, not to mention the minor fact that he has no idea what a trade imbalance actually is/means (as opposed to a corporate balance sheet). Now he's double and tripling down in order to look tough. The real repercussions of these poor decisions won't be able to be bullshitted around much longer though.
Ironically since the rest of the TPP countries went ahead and ratified the pact US AG exports to much of Asia are now at a huge disadvantage to products from Canada and Australia. The US AG sector has gotten epically reamed by Trump's stupidity and it looks to get worse.
First yes, Trump made unrealistic promises because he doesn’t understand the topic and is too lazy to learn. Also important though is that Trump is not a reliable negotiator so other countries are reluctant to make significant concessions to him. After all, we got to where we are now because Trump decided to unilaterally rip up other trade deals the US pledged to honor. He has a reputation earned over a lifetime for reneging on deals he made. Why would anyone believe a word he says?
Even more ironic, Trump is now complaining about how the other countries in the TPP are enjoying lower tariffs than the US and how it’s totally unfair to the US that we don’t get the same preferential rates.
Durrrrrrrrr.
Being unreliable AND untrustworthy is probably not a recipe for productive negotiating. There is a reason Trump was down to basically selling his name for stuff before he ran for office.
You should be ashamed of yourself. We can all hear the slurping sounds.Sorry but what he did is absolutely the correct move here. They literally reneged on every single thing that was previously agreed. That isn't negotiating. That is being an ignorant piece of shit country.
Want to play games? Fine, fuck off.
No, this was a stupid fight Trump picked to begin with because he doesn’t understand how international trade works.
He should have gone the Obama route with TPP to rein China in but because The Black Guy did it we are stuck with this stupidity.
This whole process has been a motherfucking disaster. A comprehensive deal with China was never going to be easy nor would getting them to make significant concessions that they'd adhere to be a simple matter. Trump misled everyone because of his own incompetence about what was possible and likely, not to mention the minor fact that he has no idea what a trade imbalance actually is/means (as opposed to a corporate balance sheet). Now he's double and tripling down in order to look tough. The real repercussions of these poor decisions won't be able to be bullshitted around much longer though.
You know, I keep hearing this - prices are going to skyrocket (1 year ago... now any day now... sometime...)... Hasn't happened.
Meanwhile, our GDP just recently shot up and is expected to beat expectations @ 3.2%. So I mean... any day now those tariffs will gut it, right? The US has literally gone 10 years without 3% or higher GDP and were expected to finally hit it this year. Buuuut tariffs! Any day now will crush our economy. Aaaaaaaaaaaanyday now.
This whole fearmongering messaging isn't working - and there has been zero proof of it really hindering us.
In fact - the only news I've heard related to tariffs hurting us, has been China's retaliatory tariffs hurting our farming sector.
Sorry but what he did is absolutely the correct move here. They literally reneged on every single thing that was previously agreed. That isn't negotiating. That is being an ignorant piece of shit country.
Want to play games? Fine, fuck off.