Trump seeking tariffs on up to $60 billion Chinese goods; targets tech, telecoms
17 replies, posted
[quote]WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports and will target the technology and telecommunications sectors, two people who had discussed the issue with the Trump administration said on Tuesday. [/quote]
[url]https://www.reuters.com/article/us-usa-trump-china/trump-seeking-tariffs-on-up-to-60-billion-chinese-goods-targets-tech-telecoms-idUSKCN1GP2X8[/url]
Yes, because pissing off China right when we may need to have them as a potential ally in the North Korea situation is such a good idea :downs: :hammered:
Not surprising. Russia's biggest enemy is China right now.
[QUOTE=GrizzlyBear;53199504]Not surprising. Russia's biggest enemy is China right now.[/QUOTE]
... how so?
[QUOTE=Judas;53199528]... how so?[/QUOTE]
Once you take America out of the equation, it's China all the way up.
[QUOTE=Judas;53199528]... how so?[/QUOTE]
China has military, industrial, and economic power along with a landmass and population base capable of rivalling Russia in every way. Not to mention that it's one of few nations that would be able to fight a stand-up trad war with Russia with decent chances.
I mean to be fair tariffs on Chinese imports was one of Bernie Sanders' promises...
I don't agree with getting stuff from China as much as we do, but with the current climate this kind of stuff might be a bad idea that very much needs deep consideration
[QUOTE=Helix Snake;53199819]I mean to be fair tariffs on Chinese imports was one of Bernie Sanders' promises...[/QUOTE]
Citation needed.
[QUOTE=TheNerdPest14;53199859]Citation needed.[/QUOTE][QUOTE]
[B]Establish a currency manipulation fee on China and other countries.[/B] As almost everyone knows, China is manipulating its currency, giving it an unfair trade advantage over the United States and destroying decent paying manufacturing jobs in the process. If we imposed a currency manipulation fee on China and other currency manipulators, the Economic Policy Institute has estimated that we could raise $500 billion over 10 years and create 1 million jobs in the process.[/QUOTE]
[url]https://www.sanders.senate.gov/top10[/url]
[QUOTE]
Along with NAFTA, Sanders said he also would rewrite CAFTA, permanent normal trade relations with China, and the Korean Free Trade Agreement.
He didn’t specify what changes he would make but said U.S. workers shouldn't be forced to compete against people making “pennies an hour.” He also criticized deals that lead corporations to move to countries such as China where there are “virtually no environmental standards” compared to the U.S.
“That is not fair competition,” he said.
His campaign says Sanders also would impose countervailing tariffs on imports from China and Japan “until they stop dumping steel into the United States and stop manipulating their currencies.”[/QUOTE]
[URL]https://www.usatoday.com/story/news/politics/onpolitics/2016/03/31/bernie-sanders-pledges-rewrite-disastrous-trade-deals/82473012/[/URL]
[QUOTE=Chris Morris;53199745]China has military, industrial, and economic power along with a landmass and population base capable of rivalling Russia in every way. Not to mention that it's one of few nations that would be able to fight a stand-up trad war with Russia with decent chances.[/QUOTE]
They're also right next door.
China wants to maintain their protectionist policies and still export to countries who are significantly less protectionist, not very fair at all. Their exports would struggle immensly if their main export partners adopted the same trade policies as them.
They want special trading privileges but cry when we do the same as them (not even close to what they do, in fact).
Yeah, that's something I've never understood. We get yelled at for protectionism and yet China had some of the harshest protectionist policies.
[QUOTE=Anteep;53201573]China wants to maintain their protectionist policies and still export to countries who are significantly less protectionist, not very fair at all. Their exports would struggle immensly if their main export partners adopted the same trade policies as them.
They want special trading privileges but cry when we do the same as them (not even close to what they do, in fact).[/QUOTE]
then go to the WTO and get the actions approved and enacted unilaterally instead of screeching that it's being done to SAVE AMERICAN STEEL CHINA IS A YUGE JOB KILLER
[QUOTE=thelurker1234;53202205]then go to the WTO and get the actions approved and enacted unilaterally instead of screeching that it's being done to SAVE AMERICAN STEEL CHINA IS A YUGE JOB KILLER[/QUOTE]
Why [i]shouldn't[/i] we domestically enforce economic measures against China's deliberate manipulation of our economy? Why should we have to go to the WTO first?
[url=https://www.wto.org/english/tratop_e/dispu_e/dispu_by_country_e.htm]Also it's not like we ignore the WTO.[/url]
[QUOTE=catbarf;53202340]Why [i]shouldn't[/i] we domestically enforce economic measures against China's deliberate manipulation of our economy? Why should we have to go to the WTO first?[/QUOTE]
Because that's what it means to be a responsible participant in global trade? Because that's what forms the basis of international cooperation? Because if one of the biggest and most important economies in the world refuses to play by the rules agreed upon, then who the hell are they to say that others should do so?
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