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We will discuss that when it happens.
Trump's First 100 Days By The Numbers
- Thread starter ChemEngineer
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This is not about me mr. Democrat. It is about Trump beating up China and putting China's economy in peril. China must move fast to solve it.
Crepitus
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We are far from their only customer.
g5000
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You are correct. But China is in serious trouble as shipping reports prove.
g5000
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The American Association of Port Authorities, which represents over 80 public ports across the country, said if the proposal isn’t modified, it would “raise prices for consumers and businesses, lead to chaos across the nation’s port and transportation industries and would not reduce the international shipping industry’s reliance on Chinese shipyards.”
More damaging for ports, according to Cary Davis, AAPA’s CEO, the fees could encourage ocean carriers to divert their traffic to larger ports, cutting out small and medium-sized ports from their routes. “This would cause significant congestion at large ports and the collapse of business lines at small and medium-sized ports,” he said. “The results would be higher inflation, more unemployment and higher trade deficits.”
He added that the fees will also undermine years of investments made by the federal government to allow small and medium ports along the East Coast to dredge their harbors and install new cargo-handling equipment to receive the larger ships that are now transiting the Panama Canal.
Davis and other witnesses cited a study by Trade Partnership Worldwide, an economic analysis firm, which concluded that if USTR’s remedies are fully implemented, there would be a “net negative impact on the U.S. economy,” with overall exports declining 12%. Agriculture and farmers would take a big hit, while exports of petroleum and coal would drop by 8%, hurting U.S. energy markets and the maritime transportation networks involved in their transport.
www.workboat.com
Just like Trump's first failed tariff war, where farmers had to be bailed out by the American taxpayer because of his idiocy, farmers are already experiencing a crisis in this far left tariff war.
More damaging for ports, according to Cary Davis, AAPA’s CEO, the fees could encourage ocean carriers to divert their traffic to larger ports, cutting out small and medium-sized ports from their routes. “This would cause significant congestion at large ports and the collapse of business lines at small and medium-sized ports,” he said. “The results would be higher inflation, more unemployment and higher trade deficits.”
He added that the fees will also undermine years of investments made by the federal government to allow small and medium ports along the East Coast to dredge their harbors and install new cargo-handling equipment to receive the larger ships that are now transiting the Panama Canal.
Davis and other witnesses cited a study by Trade Partnership Worldwide, an economic analysis firm, which concluded that if USTR’s remedies are fully implemented, there would be a “net negative impact on the U.S. economy,” with overall exports declining 12%. Agriculture and farmers would take a big hit, while exports of petroleum and coal would drop by 8%, hurting U.S. energy markets and the maritime transportation networks involved in their transport.
Will imposing port fees on Chinese-built vessels cause global shipping chaos?
The U.S. Trade Representative’s proposal to slap heavy port fees on Chinese-made vessels arriving at American ports and use the funds to rebuild the domestic shipbuilding industry ran into rough
www.workboat.com
Just like Trump's first failed tariff war, where farmers had to be bailed out by the American taxpayer because of his idiocy, farmers are already experiencing a crisis in this far left tariff war.
g5000
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U.S. vessel operators said the fees on Chinese-linked vessels also would push more U.S. cargo to foreign-owned ocean shipping companies that have resources to better weather the change.
According to the USTR, China's share of the shipbuilding market grew from less than 5% in 1999 to more than 50% in 2023.
U.S. shipyards turn out fewer than 10 ships annually while China's produce 1,000, speakers said.
According to the USTR, China's share of the shipbuilding market grew from less than 5% in 1999 to more than 50% in 2023.
U.S. shipyards turn out fewer than 10 ships annually while China's produce 1,000, speakers said.
g5000
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China has about $14 trillion of debt. All but about $2 trillion of that is owned internally.
The US has about $36 trillion of debt, a quarter of which is owned by foreigners, including more than $800 billion by China.
Someone in Asia has been selling our debt, which has driven up interest rates on Treasuries, which means we have to pay more interest on our outstanding debt and any new debt.
And it only took a few billion dollars of sales to move the peg.
China has a lot of leverage to fuck with our economy.
ChemEngineer
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- Feb 5, 2019
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- Thread starter
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No matter how good the news is, Democrats will always weasel their cynicism and catastrophic predictions for the future when Republicans control events. No matter how stupid a Democrat is (Biden, AOC, Kamala Harris), Democrats will stand by them, make excuses for them, defend illegal immigrants, and high gasoline prices which spread their costs everywhere.
You should never expect anything decent from indecent people who promote abortion any time for any reason, homosexuality foisted on grade school children in public schools, and they even defend rapists and murderers.
You should never expect anything decent from indecent people who promote abortion any time for any reason, homosexuality foisted on grade school children in public schools, and they even defend rapists and murderers.
- Sep 9, 2022
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Our shipping is fine Chinas is not. A signal China is in deep trouble and closing factories daily. They are in a hell of a mess.
g5000
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Actually, 142 EOs, and you say that as if it is a good thing.
Wow. Just...wow. How quickly you tards have forgotten how much you used to whine about EOs.
Like I keep saying. You have memories like that of a goldfish.
Despite having a completely submissive Congress willing to do whatever he demands, Il Duce has issued a record number of Executive Orders in his first 100 days.
Here is how the Mussolini wannabe compares to his predecessors:
Raging hypocrite says what?
- Sep 9, 2022
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What is the highest grade you spent time in?Actually, 142 EOs, and you say that as if it is a good thing.
Wow. Just...wow. How quickly you tards have forgotten how much you used to whine about EOs.
Like I keep saying. You have memories like that of a goldfish.
Despite having a completely submissive Congress willing to do whatever he demands, Il Duce has issued a record number of Executive Orders in his first 100 days.
Here is how the Mussolini wannabe compares to his predecessors:
Raging hypocrite says what?
g5000
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A third grader is more informed than you cultists.
Trump can't even recognize an obvious Photoshop job.
- Sep 9, 2022
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The lawyer in my video says it was not on his fists.
A third grader is more informed than you cultists.
g5000
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Trump insisted over and over that "MS13" was tattooed on Garcia's fist.
We have a blooming idiot at the reins.
- Sep 9, 2022
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So one is not a gang member unless they have MS13 tattooed on their fist?
Anyway, the lawyer I posted of says the photo was not genuine. Feel better?
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