We will never understand the oriental mind....a year in Vietnam convinced me of that. If this was a "war", we'd have already painted our asses white and run with the antelopes. This is grinding....China can't face 25% tariffs for long, especially on another $300B in goods. They've already hit us with their best shot...we spit a tooth, laughed, and came back at them. China is so over-leveraged they're only a major disruption away from collapse...don't care if you believe that...people smarter than me and obviously smarter that you agree. Trump is giving them enough rope to hang themselves....and they will.
All they need to do is Stonewall for 18 months or so. The next president will.be smart enough not to try to fight a trade war everyone concerned will lose.
That is China’s only hope, for a Dem to be elected who will happily go back to bending over for China. I wonder how much China is going to interfere in this next election. Probably even more than they did in the 1990’s when they paid the Clintons millions.
We will never understand the oriental mind....a year in Vietnam convinced me of that. If this was a "war", we'd have already painted our asses white and run with the antelopes. This is grinding....China can't face 25% tariffs for long, especially on another $300B in goods. They've already hit us with their best shot...we spit a tooth, laughed, and came back at them. China is so over-leveraged they're only a major disruption away from collapse...don't care if you believe that...people smarter than me and obviously smarter that you agree. Trump is giving them enough rope to hang themselves....and they will.
All they need to do is Stonewall for 18 months or so. The next president will.be smart enough not to try to fight a trade war everyone concerned will lose.
That is China’s only hope, for a Dem to be elected who will happily go back to bending over for China. I wonder how much China is going to interfere in this next election. Probably even more than they did in the 1990’s when they paid the Clintons millions.
Lol, nobody has been "bending over" for china. Get outta yer echo chamber and look around.
I think you're barking up the wrong tree.
China has been bending over for everybody else. But not for free. When you go to Walmart and buy that Waring blender you're not paying for it with your money you're paying for it with your job. When Trump says the Chinese are paying billions in to the system to sell goods here he doesn't mean they're cutting a check and sending it to the department of commerce....the tariffs are remitted via sales tax and yes it is fresh Fiat that ultimately sources from the original transaction on the Chinese mainland.
Trump is absolutely right about being pro active...the real question is not about the Chinese...the real question is just how badly addicted are we to cheap Chinese labor? Own a smart phone? Well then you are also an American Imperialist buyer of financial opium.
Jo
Ok, now explain how tariffs are related to sales tax (other than obviously effecting the final price) and how sales taxes, which are state levied, have any effect on china?
The Tariffs are not collected in state they are collected at 328 ports of entry by customs who then remits to the treasury department.
Yes the states will also benefit from the higher shelf price...and you are correct in assuming that China is essentially insulated from that process. But the commerce department adds that loss number into it's final calculations. China will only feel the pain when the Tariff increases the shelf cost to the point where the consumer begins to make other choices which may take some time.
Let's say you're at Harbor freight and you want an impact wrench. The Makita ( still partially Chinese) is $169.00 and the Black and Decker ( practically all Chinese ) that used to be $79.00 is now ( tariff ) $109.00...
You're closer to buying the higher quality tool....but still may buy the B and D. Either way the US wins....because the Treasury has taken the potential difference up front.
This is an extremely simplified version btw
Jo