|
|
We appreciate your help
in keeping this site going.
|
|
04-10-2018, 05:33 AM
|
|
Senior Member
|
|
Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
|
|
Quote:
Originally Posted by finnbow
The Chinese hold ~$1.2 trillion in US debt. They could flood the capital markets with $100-200 billion in US Treasuries and thereby increase interest rates on US debt obligations, costing us untold billions in increased costs for debt service.
|
Instead, the Chinese agree to cut tariffs on autos and, maybe even more critical, improve protections on intellectual property.
https://www.apnews.com/45e28f10baa2460fb17a0b101c366067
Xi blinked?
|
04-10-2018, 06:48 AM
|
|
Reformed Know-Nothing
|
|
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,919
|
|
Quote:
Originally Posted by whell
|
I'm not sure that the auto tariffs are particularly meaningful, as I don't think China really imports many American cars. They're manufacture them there. It remains to be seen what they indeed do in the area of intellectual property.
__________________
As long as the roots are not severed, all will be well in the garden.
|
04-10-2018, 12:50 PM
|
|
Senior Member
|
|
Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
|
|
Quote:
Originally Posted by finnbow
I'm not sure that the auto tariffs are particularly meaningful, as I don't think China really imports many American cars. They're manufacture them there. It remains to be seen what they indeed do in the area of intellectual property.
|
I think that's the point, don't you? Higher tariffs depress demand.
|
04-10-2018, 01:25 PM
|
|
Reformed Know-Nothing
|
|
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,919
|
|
Quote:
Originally Posted by whell
I think that's the point, don't you? Higher tariffs depress demand.
|
Maybe, if there's pent-up demand for that item to begin with. Most countries outside of North America have little desire to drive American cars. Hell, most Americans don't even want to drive American passenger cars (in favor of light trucks). In fact, American manufacturers generally lose (or make very little) money on the sales of passenger cars, but make it up with SUV's and pickup trucks. However, SUV's and pickup trucks have little market in Japan, China or Europe. In short, we don't build the kind of vehicles the rest of the world (outside North America) wants to buy.
__________________
As long as the roots are not severed, all will be well in the garden.
Last edited by finnbow; 04-10-2018 at 01:29 PM.
|
04-12-2018, 12:41 PM
|
|
Reformed Know-Nothing
|
|
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,919
|
|
Trump Now Wants Back into TPP
President Trump told top administration officials Thursday to look at rejoining the Trans-Pacific Partnership, the multination trade agreement he pulled the United States out of shortly after taking office.
Rejoining the pact would be a major reversal as Trump escalates a trade conflict with China. The 11-nation Pacific rim trade deal was intended by the Obama administration as a way to counter China’s influence, but Trump criticized the pact as a candidate and pulled the United States out of the pact in early 2017.
Trump gave the new orders to U.S. Trade Representative Robert E. Lighthizer and National Economic Council Director Larry Kudlow during a meeting with lawmakers and governors on trade issues, according to two GOP senators in attendance.
https://www.washingtonpost.com/busin...1cc_story.html
__________________
As long as the roots are not severed, all will be well in the garden.
|
04-16-2018, 05:25 AM
|
|
Jigsawed
|
|
Join Date: May 2009
Posts: 10,580
|
|
Quote:
Originally Posted by finnbow
President Trump told top administration officials Thursday to look at rejoining the Trans-Pacific Partnership, the multination trade agreement he pulled the United States out of shortly after taking office.
Rejoining the pact would be a major reversal as Trump escalates a trade conflict with China. The 11-nation Pacific rim trade deal was intended by the Obama administration as a way to counter China’s influence, but Trump criticized the pact as a candidate and pulled the United States out of the pact in early 2017.
Trump gave the new orders to U.S. Trade Representative Robert E. Lighthizer and National Economic Council Director Larry Kudlow during a meeting with lawmakers and governors on trade issues, according to two GOP senators in attendance.
https://www.washingtonpost.com/busin...1cc_story.html
|
Nothing firm from Trump.
|
04-16-2018, 05:57 AM
|
|
Reformed Know-Nothing
|
|
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,919
|
|
Quote:
Originally Posted by Dondilion
Nothing firm from Trump.
|
Nothing is ever firm from Trump other than racism and misogyny.
__________________
As long as the roots are not severed, all will be well in the garden.
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -5. The time now is 01:05 AM.
|