Franklin
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Besides hammering the stock market, has anyone seen first hand the effects of tariffs? Ive read a list of products that might be affected but have not seen how this effects the cost. Anyone with examples?
I think the stock market is way over reacting and it's going to provide some good bargains.
NBC news reported it will cost the average family about $750 a year in added costs. I think the stock market is way over reacting and it's going to provide some good bargains. The Chinese just can't afford to let their inventory pile up and it will if they don't capitulate soon. They have tariffs on US goods for many years and we had none. This will hopefully provide some negotiating room for US to straighten out the trade deficit with them.
One of the nice things about being older is that I am not outfitting a home like younger folks are. I have all my appliances, don't need much new clothing or any other of their products for at least a year or so. Agriculture will find new markets and that will really hurt the Chinese when they are ready to sit back down at the neg. table.
Another interesting tidbit re agriculture. China's agricultural imports in 2017 totaled 124 billion dollars. The US sent 24 billion of that or 19% of total Chinese imports (interestingly China Purchased an equal amount from Brazil in that year). It seems to me that China will have no difficulty purchasing from Brazil, Argentina, Canada, Australia and so on and the danger of course is that this loss of the Chinese market for our farmers will then become a permanent one as China finds other, more reliable trading partners. It has been mentioned in the news that the US taxpayer then will make up for this loss of a market via government subsidies to farmers. I'm sure that our farmers would much rather sell their products legitimately rather than subsist from the public dole.<snip>
Agriculture will find new markets and that will really hurt the Chinese when they are ready to sit back down at the neg. table.
Good point.Another interesting tidbit re agriculture. China's agricultural imports in 2017 totaled 124 billion dollars. The US sent 24 billion of that or 19% of total Chinese imports (interestingly China Purchased an equal amount from Brazil in that year). It seems to me that China will have no difficulty purchasing from Brazil, Argentina, Canada, Australia and so on and the danger of course is that this loss of the Chinese market for our farmers will then become a permanent one as China finds other, more reliable trading partners. It has been mentioned in the news that the US taxpayer then will make up for this loss of a market via government subsidies to farmers. I'm sure that our farmers would much rather sell their products legitimately rather than subsist from the public dole.
That is a very good point. Please correct me if I'm wrong but it seems to me that the forced technology transfer only occurs when one of our companies wants to build something in China in order to have access to their cheap labor and facilities so that our company can make more money. Then the Chinese force us to give them (or steal) our technology. So if our company doesn't build something in China, there is no possibility of forced technology transfer isn't that so?<snip>
Also curious why we don't hear more about forced technology transfer or theft of intellectual property.
The Chinese economy is centrally controlled to a far, far higher degree than the US economy. They can do whatever they like for longer than any US President can be in office.The Chinese just can't afford to let their inventory pile up and it will if they don't capitulate soon.
That's not what the soybean farmers are saying these days. The Chinese have already found other sources of soybeans and wheat. They may never need to purchase US soybeans again.Agriculture will find new markets and that will really hurt the Chinese when they are ready to sit back down at the neg. table.
It's due to lack of focus.Also curious why we don't hear more about forced technology transfer or theft of intellectual property.
Unfortunately for us the food the Chinese need can be purchased from Brazil, Argentina, Canada, Australia, etc, as they have been doing since the trade war started.It's hard to figure out what would happen in the long run. Much of the stuff coming in from China we can live without. The food the U.S. is sending into China is really, really needed.
I just fear the stubbornness of the Chinese government. They don't want to lose face.
There are 194 pages of items affected by the tariffs. https://ustr.gov/sites/default/file..., as amended and modified by 83 FR 49153).pdfBesides hammering the stock market, has anyone seen first hand the effects of tariffs? Ive read a list of products that might be affected but have not seen how this effects the cost. Anyone with examples?
The US may not have the upper hand many think. Plus throw into the equation Chinese president Xi doesn't have to worry about democratic elections. Should be an interesting ride and it is a pretty common consensus among economists that tariffs and trade wars are not good for economies.
My thoughts exactly. Chinese president Xi could wait it out for a possible regime change in the US in less than two years. In the meantime, regular folks feel the pinch one way or another .
OK another interesting question....who is exactly paying the bill when we import these goods. Seriously, does the manifest say (tariff charge 25%?). Lets assume the US buyers pays this.....so where is all this new tariff tax money going? Any accounting for that....it must be large?