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10-05-2019, 08:40 AM | #1 | |||
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Internet modems, furniture,
lighting products, car parts, vacuum cleaners and building materials are all affected by the hike. Donald Trump has increased tariffs on $200bn (£153bn) of Chinese imports - heightening tensions with Beijing. The tariff hike came despite American and Chinese negotiators meeting for last-ditch talks in Washington on Thursday. Import taxes on products from 5,700 categories rose from 10% to 25% at 12.01am Washington time (5.01am UK time). China needs to back down and negotiate a deal with President Trump. https://news.sky.com/story/us-china-...riffs-11715875 |
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10-05-2019, 10:03 AM | #2 | |||
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Oh no, I'm English
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All that happens with this, is that the Chinese increase the costs of these things to avoid a loss in profit, which means the American people pay for them, so these tariffs are basically an extra tax for Americans to pay.
He's killing farming in the US with his tariffs in that industry, it's so bad the government is now having to subsidise farmers to help them throuh the trade war their own government created. Chinese are making more money on their products and the people of the us pay for it, so explain how this forces China to the negotiating table.
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10-05-2019, 03:28 PM | #3 | |||
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Quote:
https://www.google.com/amp/s/amp.ft....c-6eeb837566c5 |
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10-05-2019, 03:29 PM | #4 | |||
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Oh no, I'm English
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Quote:
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10-05-2019, 03:37 PM | #5 | |||
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Refresh the page on the link it should work then, it did for me.
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10-05-2019, 03:42 PM | #6 | |||
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Oh no, I'm English
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Doesn't work.
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10-05-2019, 04:06 PM | #7 | |||
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10-05-2019, 10:09 AM | #8 | |||
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שטח זה להשכרה
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I never knowingly buy anything Chinese. I know there are hidden components in things that probably were made in China... but I would never buy a product marked made in China. I'm very choosy over which regimes I send money to.
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10-05-2019, 10:18 AM | #9 | |||
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self-oscillating
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Trump has shown that he doesnt understand the simplest of economics around trade tariffs so it's a bit of a non starter really. I do think China have had it too easy for too long, so something had to be done about them, but i'm not sure sending the world into recession (which these tariffs will do) is the smartest solution.
Just to explain a little further, the world needs China to be in a position of growth to avoid recession, because it is it's economy that drives growth on the worlds. If China's economy shrinks ... we end up in recession. Simple economics. Last edited by bitontheslide; 10-05-2019 at 10:26 AM. |
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10-05-2019, 10:31 AM | #10 | |||
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Senior Member
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Quote:
Yes we are close to that And Germany |
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10-05-2019, 02:00 PM | #11 | |||
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Oh no, I'm English
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When the government subsidises industry, that's the socialism that they all rail against. Are you for Trumps socialist policies, Arista?
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10-05-2019, 02:12 PM | #12 | |||
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10-05-2019, 02:54 PM | #13 | |||
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POW! BLAM!
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Pfft. He's usually been good for the wallets of Joe Public with generally lower taxes and stuff, this ain't a good move.
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10-05-2019, 02:59 PM | #14 | |||
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Oh no, I'm English
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Joe public are actually worse off under Trump. His tax cut was for the wealthy, and the recent tax fillings from those not at the top highlight this as a fact.
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11-05-2019, 12:00 PM | #15 | |||
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POW! BLAM!
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Quote:
Quote:
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13-05-2019, 10:48 AM | #16 | |||
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Oh no, I'm English
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Quote:
That's propaganda not details.
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13-05-2019, 03:09 PM | #17 | |||
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POW! BLAM!
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Quote:
Do you have any sourced details? Last edited by Oliver_W; 13-05-2019 at 03:10 PM. |
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10-05-2019, 09:11 PM | #18 | |||
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Senior Member
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All it is is posturing during discussions.
In the short term America and it's consumers actually benifit from this tariff. This tariff has solid support from both sides of the house and will be being used as a bargaining tool in the next round of discussions. |
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11-05-2019, 06:04 AM | #19 | |||
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self-oscillating
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where do you get that americans benefit from it? You do understand that it is americans that pay this tariff, right?
Last edited by bitontheslide; 11-05-2019 at 06:06 AM. |
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11-05-2019, 09:38 AM | #20 | |||
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Itv news last night..I almost posted it word for word.
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