LOL!! He had already imposed 25% on $250 Billion worth of imports and added another 10% on $300 B. Donald already did what he said. Why are you disappointed if it does not affect you?
The trade war is on going.... . It is just matters how fast it is moving iirrespective whether Xi or Trump still in office. Basically, key deciding factor still is feeling of Anti China Sentisement in USA on the persist threat from China.
Xi misguided by his advisor on China on vast market, thought all country will not miss its market. USA hide his stretegy on Technology Strength well in the past & not let his enemy know. EU better (especially French & Germany) better surrender to US fast. US can simply break EU using divide and Rule stretegy. Also, EU also is depend on US on persist military threat from Russia.
Trade war mean more us rate cut. Same for here. It is matters of time for BNM to cut rate again.
Trump later told reporters he could further ratchet up the tariff rate - even beyond 25 percent - depending on progress in talks with Chinese President Xi Jinping.
“I think President Xi ... wants to make a deal, but frankly, he’s not going fast enough,” Trump said.
greedy with no brain, die die must with massive debts as slave or hibernation with cash under pleasure,....Maddump human saddist edi no soul,lets make US n world grave further
Slow death ? What slow death ? China is laughing all the way to the bank
To understand why china yawns at trump's tariff , you need to look at figures
In 2018, china total export is USD2,300 bil
Export to US is USD500 bil
Meaning 22% of its total export is to US, while 78% (USD1,800 bil) is to the rest of the world
In 2018, when trump attacked china by imposing tariff , RMB to USD exchange rate declined from 6 to 7, a drop of 15%
What is the implication ?
Fair enough, its USD500 bil export to US suffered. Let's say it suffered by 25% x USD500 bil. It is equivalent to USD125 bil
But due to decline in RMB,the profit margin of its remaining export to the rest of the world experience huge expansion. For simplistic comparison purpose, 15% x USD1,800 bil = USD270 bil
Let me sum it up for you : Penalty by US is USD125 bil, while gain from rest of the world is USD270 bil
If you are China, won't you yawn at Trump's tariff ?
nvr ever fooling around with the america Cartel that controls 30% of the global economy. This Cartel is so powerful that most of the presidents/prime ministers of super economies hv no choice but to kow-tow to them for survival. ==========
your calculation is wrong because China is huge and is united..........and the largest domestic economy in the world.
Huawei boss secured a 5G deal from Slovenia president during G20
He asked the Slovenia president why he chose huawei ? The president told him "last time I didn't know much about Huawei, but now I saw US bashed huawei like this, huawei must be very good"
"PRC Scraps US Pork Orders in Record Scale". China is drawing back her booking orders for 14,700 tonnes of U.S. pork, scheduled for shipment in 2019 and 2020, said foreign media.
This was said to be the largest booking withdrawal by China since 2013, according to the statistics of U.S. Department of Agriculture.
In 2018, when trump attacked china by imposing tariff , RMB to USD exchange rate declined from 6 to 7, a drop of 15%
What is the implication ?
Fair enough, its USD500 bil export to US suffered. Let's say it suffered by 25% x USD500 bil. It is equivalent to USD125 bil
But due to decline in RMB,the profit margin of its remaining export to the rest of the world experience huge expansion. For simplistic comparison purpose, 15% x USD1,800 bil = USD270 bil
Let me sum it up for you : Penalty by US is USD125 bil, while gain from rest of the world is USD270 bil
If you are China, won't you yawn at Trump's tariff ?
Spot on, Icon8888. In fact, PRC did not manipulate RMB. They just let RMB slide by itself. The issue then was "no forex intervention by PRC could mean forex intervention ? "
Posted by Icon8888 > Aug 2, 2019 2:33 PM | Report Abuse
Huawei boss secured a 5G deal from Slovenia president during G20
He asked the Slovenia president why he chose huawei ? The president told him "last time I didn't know much about Huawei, but now I saw US bashed huawei like this, huawei must be very good"
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DickyMe
14,887 posts
Posted by DickyMe > 2019-08-02 11:03 | Report Abuse
FANTASTIC!! Good job Donald Trump. Please increase it to 25%.