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arista · 10-05-2019, 08:40 AM

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

The Slim Reaper · 10-05-2019, 10:03 AM

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.

Livia · 10-05-2019, 10:09 AM

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.

bots · 10-05-2019, 10:18 AM

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.

arista · 10-05-2019, 10:31 AM

Quote:

Originally Posted by bitontheslide

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.

Yes we are close to that
And Germany

The Slim Reaper · 10-05-2019, 02:00 PM

When the government subsidises industry, that's the socialism that they all rail against. Are you for Trumps socialist policies, Arista?

arista · 10-05-2019, 02:12 PM

Quote:

Originally Posted by The Slim Reaper

When the government subsidises industry, that's the socialism that they all rail against. Are you for Trumps socialist policies, Arista?

Yes I am
Slim

The Slim Reaper · 10-05-2019, 02:30 PM

Quote:

Originally Posted by arista

Yes I am
Slim

Why didn't you highlight the socialist part? You do understand what he's doing is socialism, right?

arista · 10-05-2019, 02:33 PM

Quote:

Originally Posted by The Slim Reaper

Why didn't you highlight the socialist part? You do understand what he's doing is socialism, right?

No I fully understand socialism
that's why Labour lost the UK General Election
in 1979.

The Slim Reaper · 10-05-2019, 02:41 PM

Quote:

Originally Posted by arista

No I fully understand socialism
that's why Labour lost the UK General Election
in 1979.

I don't even know what you mean there, my friend.

arista · 10-05-2019, 02:45 PM

Quote:

Originally Posted by The Slim Reaper

I don't even know what you mean there, my friend.

A Example of Socialism
and why it does not work

The Slim Reaper · 10-05-2019, 02:48 PM

Quote:

Originally Posted by arista

A Example of Socialism
and why it does not work

But you support this socialist policy from Trump, which is paid by taxpayers to cover up his complete misunderstanding of tariffs and how they work.

Oliver_W · 10-05-2019, 02:54 PM

Pfft. He's usually been good for the wallets of Joe Public with generally lower taxes and stuff, this ain't a good move.

The Slim Reaper · 10-05-2019, 02:59 PM

Quote:

Originally Posted by Oliver_W

Pfft. He's usually been good for the wallets of Joe Public with generally lower taxes and stuff, this ain't a good move.

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.

arista · 10-05-2019, 03:02 PM

Quote:

Originally Posted by The Slim Reaper

But you support this socialist policy from Trump, which is paid by taxpayers to cover up his complete misunderstanding of tariffs and how they work.

Its a Necessary Funding

user104658 · 10-05-2019, 03:03 PM

Quote:

Originally Posted by arista

Its a Necessary Funding

It's necessary government funding to keep farmers afloat. That is a socialist policy...

The Slim Reaper · 10-05-2019, 03:04 PM

Quote:

Originally Posted by arista

Its a Necessary Funding

So why is it necessary?

arista · 10-05-2019, 03:04 PM

Quote:

Originally Posted by The Slim Reaper

So why is it necessary?

USA Farmers matter

The Slim Reaper · 10-05-2019, 03:07 PM

Quote:

Originally Posted by arista

USA Farmers matter

Then why did he introduce tariffs in the first place? Anyone who knows anything about this, understands a trade war only forces your own citizens to pay more tax.

Remember on the campaign trail when he said "trade wars are so easy to win" How do you think that is working out for him?

Beso · 10-05-2019, 03:28 PM

Quote:

Originally Posted by The Slim Reaper

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.

https://www.google.com/amp/s/amp.ft....c-6eeb837566c5

The Slim Reaper · 10-05-2019, 03:29 PM

Quote:

Originally Posted by parmnion

https://www.google.com/amp/s/amp.ft....c-6eeb837566c5

I can't see what that says. Any chance you can post it in, please? Cheers.

arista · 10-05-2019, 03:32 PM

Quote:

Originally Posted by The Slim Reaper

Then why did he introduce tariffs in the first place? Anyone who knows anything about this, understands a trade war only forces your own citizens to pay more tax.

Remember on the campaign trail when he said "trade wars are so easy to win" How do you think that is working out for him?

Yes
Trade Wars
he likes.

Markets Down

Markets Up

Life In The City.