Crap if you believed that Dotard govt got paid in Billions of Tariffs! Fat Hopes!
The silly policies does not generate even 5% of the intended Tariffs, if not ZERO!
It only caused the usual imports to be CANCELED. Sales and imports Blocked, nothing to take place, no Tariff paid at all.
Unless these imports were absolutely luxurious items which rich people will be buying regardless of increased prices, the Tariffs only act as an IMPORT $$$FINE$$$ which forces orders to be canceled to avoid payments to Dotard's government. Most of the categories of items are not such kind of items, and are mostly very price conscious and competition sensitive products, which causes Total Cancellations or Drastic Reductions in import volumes. Hence just only a tiny fraction will really go into payments in Tariffs.
In the reality the Dotard impose Tariffs are on the Lowest Cost Products which American Bankrupted Beggars could mostly just afford to buy. Tariffs caused the cheapest sources to be cutt-off and hence the poorest American pesants will be only going out WITHOUT the products, or settle for less affordable ones, or less acceptable bad quality ones! At the very least, they are left with only a tiny fraction of original choices or no choice at all, or NO AFFORDABLE PRODUCT TO BUY & hence Deprived!
The USA will only sink itself faster and deeper in the global economic scene which is already a shit scene. Dotard-land will sink into deep shit.
Basically in the world China is roughly 1500X the USA in export figure, and China is a rapidly increasing exporter and USA is a declining exporter. ($2263T vs $1.55T)
https://www.statista.com/topics/1456/export-in-china/
https://www.statista.com/topics/1715/us-export/
Dotard policy only caused USA to be a smaller and smaller player in global scene. China on the other hands caused to be a bigger and bigger player in global scene. US strength and ability to play punk with China is only diminishing further and further by Dotard's trade war.
Chinese goods if not exported to USA will go else where in the world, and this will be for long term! USA import by owing world's highest debts, Chinese sales to others are better in not as much debt owing in comparison! US is dependent on Chinese to sell them goods purchased by debts, others may not be able to sell to USA by lending USA so much money to buy. Thus Dotard is only self-defeating.
Will Xijinping lend Dotard the same monies to buy from Japan or EU instead of buying from China? LOL! Go and borrow from IMH!
https://www.bloomberg.com/news/arti...ised-to-publish-200-billion-china-tariff-list
politics
U.S. Poised to Publish $200 Billion China Tariff List
By
Jenny Leonard
and
Andrew Mayeda
July 11, 2018, 4:51 AM GMT+8 Updated on July 11, 2018, 5:06 AM GMT+8
Email
President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter.
The list could be released as soon as Tuesday, and likely this week, according to the people, who spoke on condition of anonymity because the matter isn’t public. The publication of the list starts a weeks-long process that includes a public-comment period and hearings.
Stock futures fell and yields on 10-year Treasuries declined on concern of a widening trade war.
What's in a Trade Gap?
The U.S. imports hundreds of billions of dollars more than it exports to China
Source: U.S. Department of Commerce
Note: Data are for goods and services
The Trump administration on July 6 imposed 25 percent duties on $34 billion in Chinese imports, the first time the president has implemented tariffs directly on Beijing after threatening to do so for months. China immediately retaliated with duties on the same value of U.S. goods, including soybeans and cars.
The U.S. is currently considering levying duties on a further $16 billion in Chinese goods, after a public hearing later this month. China has vowed to retaliate dollar-for-dollar to any further U.S. tariffs.
The new list would mark the latest escalation of the trade war between the world’s two biggest economies. Financial markets have so far shrugged off the first round of tariffs, which were long-telegraphed, with U.S. stocks up since Friday.
The press offices for the U.S. Trade Representative’s office and White House didn’t immediately comment when Bloomberg News contacted them.
Broad Upswing
The International Monetary Fund has warned that a full-blown trade war could undermine the broadest global upswing in years.
Trump last month asked the U.S. Trade Representative’s office to identify $200 billion of Chinese goods that could be hit with 10 percent tariffs. Since then, the president has said his administration could impose duties on virtually all Chinese imports into the U.S.
Industry would be given time to comment on any new levies before they take effect.
Trump has been considering tariffs against China since his officials concluded in March that Beijing violates U.S. intellectual-property rights, such as by forcing American firms to hand over technology.
— With assistance by Justin Sink, and Randy Woods
(Updates with market reaction in third paragraph.)
https://www.independent.co.uk/news/...y-tariffs-hyundai-alabama-plant-a8443551.html
News › World › Americas Trump trade war could cost Alabama car industry 20,000 jobs, warns union
US president has threatened to impose 25 per cent auto tariffs
Click to follow
The Independent US
Trump is currently at the Nato summit in Brussels ( EPA )
Touted US auto tariffs could cost tens of thousands of American jobs, Hyundai Motor Company's labour union has warned, echoing concerns of the global auto industry as spiralling trade conflicts between the US and other major economies heat up.
The labour union at South Korea’s largest auto company said in a statement that if President Donald Trump goes ahead with imposing 25 per cent auto tariffs, it will hurt Hyundai’s US sales and jeopardise some 20,000 jobs at the firm's factory in Alabama.
The labour union, which has 51,000 members in South Korea, said its contracts with Hyundai Motor, mandate Hyundai to shut down overseas factories first before closing its plants in South Korea in the event that restructuring becomes inevitable.
Senate protests Trump trade war by demanding more say over tariffs
“If South Korean car exports to the US get blocked and hurt sales, the US factory in Alabama that went into operation in May 2005 could be the first one to be shut down, putting some 20,000 American workers at risk of layoffs,” the statement said. The union said it expects South Korea to win an exemption from auto tariffs.
The union also said that South Korean carmakers were already penalised during the renegotiations of the bilateral trade agreement. Seoul and Washington agreed to postpone the removal of tariffs on Korean pickup trucks by another 20 years, a measure that the auto industry was unhappy with but won South Korea an exemption from US steel tariffs.
Hyundai Motor is the world’s fifth-largest automaker along with Kia Motors.
The silly policies does not generate even 5% of the intended Tariffs, if not ZERO!
It only caused the usual imports to be CANCELED. Sales and imports Blocked, nothing to take place, no Tariff paid at all.
Unless these imports were absolutely luxurious items which rich people will be buying regardless of increased prices, the Tariffs only act as an IMPORT $$$FINE$$$ which forces orders to be canceled to avoid payments to Dotard's government. Most of the categories of items are not such kind of items, and are mostly very price conscious and competition sensitive products, which causes Total Cancellations or Drastic Reductions in import volumes. Hence just only a tiny fraction will really go into payments in Tariffs.
In the reality the Dotard impose Tariffs are on the Lowest Cost Products which American Bankrupted Beggars could mostly just afford to buy. Tariffs caused the cheapest sources to be cutt-off and hence the poorest American pesants will be only going out WITHOUT the products, or settle for less affordable ones, or less acceptable bad quality ones! At the very least, they are left with only a tiny fraction of original choices or no choice at all, or NO AFFORDABLE PRODUCT TO BUY & hence Deprived!
The USA will only sink itself faster and deeper in the global economic scene which is already a shit scene. Dotard-land will sink into deep shit.
Basically in the world China is roughly 1500X the USA in export figure, and China is a rapidly increasing exporter and USA is a declining exporter. ($2263T vs $1.55T)
https://www.statista.com/topics/1456/export-in-china/
https://www.statista.com/topics/1715/us-export/
Dotard policy only caused USA to be a smaller and smaller player in global scene. China on the other hands caused to be a bigger and bigger player in global scene. US strength and ability to play punk with China is only diminishing further and further by Dotard's trade war.
Chinese goods if not exported to USA will go else where in the world, and this will be for long term! USA import by owing world's highest debts, Chinese sales to others are better in not as much debt owing in comparison! US is dependent on Chinese to sell them goods purchased by debts, others may not be able to sell to USA by lending USA so much money to buy. Thus Dotard is only self-defeating.
Will Xijinping lend Dotard the same monies to buy from Japan or EU instead of buying from China? LOL! Go and borrow from IMH!
https://www.bloomberg.com/news/arti...ised-to-publish-200-billion-china-tariff-list
politics
U.S. Poised to Publish $200 Billion China Tariff List
By
Jenny Leonard
and
Andrew Mayeda
July 11, 2018, 4:51 AM GMT+8 Updated on July 11, 2018, 5:06 AM GMT+8
- Trump on Friday imposed duties on $34 billion of Chinese goods
- President has threatened duties on virtually all China imports
President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter.
The list could be released as soon as Tuesday, and likely this week, according to the people, who spoke on condition of anonymity because the matter isn’t public. The publication of the list starts a weeks-long process that includes a public-comment period and hearings.
Stock futures fell and yields on 10-year Treasuries declined on concern of a widening trade war.
What's in a Trade Gap?
The U.S. imports hundreds of billions of dollars more than it exports to China
Source: U.S. Department of Commerce
Note: Data are for goods and services
The Trump administration on July 6 imposed 25 percent duties on $34 billion in Chinese imports, the first time the president has implemented tariffs directly on Beijing after threatening to do so for months. China immediately retaliated with duties on the same value of U.S. goods, including soybeans and cars.
The U.S. is currently considering levying duties on a further $16 billion in Chinese goods, after a public hearing later this month. China has vowed to retaliate dollar-for-dollar to any further U.S. tariffs.
The new list would mark the latest escalation of the trade war between the world’s two biggest economies. Financial markets have so far shrugged off the first round of tariffs, which were long-telegraphed, with U.S. stocks up since Friday.
The press offices for the U.S. Trade Representative’s office and White House didn’t immediately comment when Bloomberg News contacted them.
Broad Upswing
The International Monetary Fund has warned that a full-blown trade war could undermine the broadest global upswing in years.
Trump last month asked the U.S. Trade Representative’s office to identify $200 billion of Chinese goods that could be hit with 10 percent tariffs. Since then, the president has said his administration could impose duties on virtually all Chinese imports into the U.S.
Industry would be given time to comment on any new levies before they take effect.
Trump has been considering tariffs against China since his officials concluded in March that Beijing violates U.S. intellectual-property rights, such as by forcing American firms to hand over technology.
— With assistance by Justin Sink, and Randy Woods
(Updates with market reaction in third paragraph.)
https://www.independent.co.uk/news/...y-tariffs-hyundai-alabama-plant-a8443551.html
News › World › Americas Trump trade war could cost Alabama car industry 20,000 jobs, warns union
US president has threatened to impose 25 per cent auto tariffs
- Youkyung Lee
- 1 day ago
- 11 comments
Click to follow
The Independent US
Trump is currently at the Nato summit in Brussels ( EPA )
Touted US auto tariffs could cost tens of thousands of American jobs, Hyundai Motor Company's labour union has warned, echoing concerns of the global auto industry as spiralling trade conflicts between the US and other major economies heat up.
The labour union at South Korea’s largest auto company said in a statement that if President Donald Trump goes ahead with imposing 25 per cent auto tariffs, it will hurt Hyundai’s US sales and jeopardise some 20,000 jobs at the firm's factory in Alabama.
The labour union, which has 51,000 members in South Korea, said its contracts with Hyundai Motor, mandate Hyundai to shut down overseas factories first before closing its plants in South Korea in the event that restructuring becomes inevitable.
- Read more
Senate protests Trump trade war by demanding more say over tariffs
“If South Korean car exports to the US get blocked and hurt sales, the US factory in Alabama that went into operation in May 2005 could be the first one to be shut down, putting some 20,000 American workers at risk of layoffs,” the statement said. The union said it expects South Korea to win an exemption from auto tariffs.
The union also said that South Korean carmakers were already penalised during the renegotiations of the bilateral trade agreement. Seoul and Washington agreed to postpone the removal of tariffs on Korean pickup trucks by another 20 years, a measure that the auto industry was unhappy with but won South Korea an exemption from US steel tariffs.
Hyundai Motor is the world’s fifth-largest automaker along with Kia Motors.
