mrl

So much (even more) economic winning :rolleyes:

Rate this topic

23 posts in this topic

PT Barnum was right- as shown yet one more time- and you guys **still** keep going for this hook, line, and sinker.   Just because Trump says the Chinese are paying doesn't make it true.

 

Goldman Sachs said the cost of tariffs imposed by President Donald Trump last year against Chinese goods has fallen "entirely" on American businesses and households, with a greater impact on consumer prices than previously expected.

 

The bank said in a note that consumer prices are higher partly because Chinese exporters have not lowered their prices to better compete in the US market.

 

Trump has repeatedly — and inaccurately — claimed that China will pay for tariffs imposed by the U.S.

 

"One might have expected that Chinese exporters of tariff-affected goods would have to lower their prices somewhat to compete in the US market, sharing in the cost of the tariffs," Goldman said.

"However, analysis at the extremely detailed item level in the two new studies shows no decline in the prices (exclusive of tariffs) of imported goods from China that faced tariffs."

In addition, US producers have "opportunistically" hiked prices in response to protection from Chinese competitors, the bank said.

 

Goldman also said the risk of a final round of tariffs on the roughly $300 billion of remaining imports from China has now risen to 30%.

 

Further escalation of the trade war could also result in a 0.4% hit to GDP, and if trade tensions instigated a sell-off in the equity market, the growth impact could worsen, Goldman said.

 

"Our baseline expectation is that the U.S. and China will strike a deal later this year. We think this would come in the form of a gradual, staggered reduction in tariffs on a last-in, first-out schedule," the bank said.

 

"There is, however, a risk of further escalation," Goldman said.

 

Investors have been grappling with whether the trading relationship between the U.S. and China will actually worsen.

 

The most recent round of trade talks, which ended on Friday with no final agreement, was overshadowed by President Donald Trump's decision to more than double tariffs on $200 billion of Chinese goods, from 10% to 25%.

 

White House Economic Adviser Larry Kudlow on Sunday said that Trump and Chinese President Xi Jinping will likely meet at the June G-20 summit in Japan. He said that he expects China to retaliate against the U.S., and acknowledged that the U.S. will pay for China tariffs.

Edited by mrl

Share this post


Link to post
Share on other sites

We have one vote for the continued bending over of the US in Chinese trade deals. Any more?

Short term pain for long term gain is what we are going through.

Might as well get used to it.

Share this post


Link to post
Share on other sites

"...Just because Trump says the Chinese are paying doesn't make it true..."

 

Here is a tip:  if Trump says something, chances are it isn't true.

 

Lotta suckers out there... 

Share this post


Link to post
Share on other sites
15 mins ago, dena said:

We have one vote for the continued bending over of the US in Chinese trade deals. Any more?

Short term pain for long term gain is what we are going through.

Might as well get used to it.

It's sad that a trade war could actually be won if a Democrat was in the Whitehouse.   

If that were the case, the networks and social media would be plastered with consumer boycotts of Chinese goods, investors would be pressured to divest and business that buy and sell Chinese products would be boycotted.   

 

China would be under enormous pressure if a Democrat was behind this trade war.  The Chinese arent though.  They read the writing on the wall.  They know they have like minded socialists here.  They can shoot protestors in Hong Kong and **** us in a trade war ....because Democrats are only patriotic when they are in power.  So instead they keep buying their cheap Chinese crap and they mock the whole concept and root for China to win and China will wait.

 

Share this post


Link to post
Share on other sites
2 mins ago, JimG said:

It's sad that a trade war could actually be won if a Democrat was in the Whitehouse.   

If that were the case, the networks and social media would be plastered with consumer boycotts of Chinese goods, investors would be pressured to divest and business that buy and sell Chinese products would be boycotted.   

 

China would be under enormous pressure if a Democrat was behind this trade war.  The Chinese arent though.  They read the writing on the wall.  They know they have like minded socialists here.  They can shoot protestors in Hong Kong and **** us in a trade war ....because Democrats are only patriotic when they are in power.  So instead they keep buying their cheap Chinese crap and they mock the whole concept and root for China to win and China will wait.

 

China is using our divided house against us, smartly so.

They can afford to wait us out, hoping their influence will tilt our country toward them in the coming elections.

Democrats are rooting for them to succeed. 

Share this post


Link to post
Share on other sites

whether you support getting tough on China or not......

(I do)

It's pathetic that Trump 

1. Keeps lying about how tariffs work and the economic impact they have

or

2. doesn't understand how tariffs work and the economic impact they have.

 

money isn't flowing in from China to pay for Tariffs.....

Share this post


Link to post
Share on other sites

If you are paying more for Chinese crap stop freaking buying it!

That's HOW China pays for it. 

 

When their exports slow down enough because American consumers actually care more about their own country more than they care about Trump losing something.

 

Share this post


Link to post
Share on other sites
1 hour ago, dena said:

We have one vote for the continued bending over of the US in Chinese trade deals. Any more?

Short term pain for long term gain is what we are going through.

Might as well get used to it.

Exactly. China owns us. Literally. Popular or not, the tariffs should be in place. It's the only good choice to keep negotiations flowing. 

Share this post


Link to post
Share on other sites
1 hour ago, dena said:

We have one vote for the continued bending over of the US in Chinese trade deals. Any more?

Short term pain for long term gain is what we are going through.

Might as well get used to it.

Agreed

Share this post


Link to post
Share on other sites

Even with the Chinese trade war we have the lowest unemployment in 50 years and wages continue to rise.

 

Really bad news for the dims.

 

After lying about everything for three years the folks are ignoring them. The fact the polls show that that most folks wants Biden/Obama's Ukraine and Chinese corruption investigated pretty much says it all. They know the whistle blower stuff is a made up pack of lies.

 

As the Trump Administration comes closer to uncovering the Democrat collusion and corruption with foreign actors Shifty and the Democrats are becoming desperate and sloppy.

Edited by Jay Blair

Share this post


Link to post
Share on other sites
58 mins ago, JimG said:

If you are paying more for Chinese crap stop freaking buying it!

That's HOW China pays for it. 

 

When their exports slow down enough because American consumers actually care more about their own country more than they care about Trump losing something.

 

LOL

nobody is questioning the economic impact that tariffs have,

I was addressing Trump's repeated assertions that are patently false.

do you guys even care about the truth any more?

Share this post


Link to post
Share on other sites
9 mins ago, fish'nmagician said:

LOL

nobody is questioning the economic impact that tariffs have,

I was addressing Trump's repeated assertions that are patently false.

do you guys even care about the truth any more?

:point:

Share this post


Link to post
Share on other sites

NFIB: Small Business Optimism Declines but Remains Historically High 

October 8, 2019, 9:38 am | in 

 

WASHINGTON, D.C. (October 8, 2019) — The small business Optimism Index maintained a historically solid reading, but took a dip in September, falling 1.3 points to 101.8. September’s figure falls within the top 20% of all readings in the Index’s 46-year history. The survey shows no sign of a recession and indicated continued job creation, capital spending, and inventory investment, all consistent with solid, but slower growth. The Uncertainty Index rose 2 points, revisiting high levels of concern.

 

“As small business owners continue to invest, expand, and try to hire, they’re doing so with less gusto than they did earlier in the year, thanks to the mixed signals they’re receiving from policymakers and politicians,” said NFIB President and CEO Juanita D. Duggan. “All indications are that owners are eager to do more, but they’re uncertain about what the future holds and can’t find workers to fill the jobs they have open.”

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to register here in order to participate.

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.