The (trade) war has started

[Beregond]

The US importer die die must buy from one seller ? Got happy ending ? Adidas and Nike are making shoes in Vietnam, no tariffs. 

very true, but that would be under 'impact of the tariffs'.

 

in fact its already happening some time ago.

 

1 example i mention last time, china tyres make in thailand to sell in US.

[Kusje]

The US importer die die must buy from one seller ? Got happy ending ? Adidas and Nike are making shoes in Vietnam, no tariffs. 

 

Short term gotta keep buying. Pain will be shared between buyer and seller. 

 

But if tariffs are expected to last for the long term, then production will start to move to other countries. In such a case, china gets nothing, US will pay more for their products. Vietnam, PH and Myanmar gets a boost. US domestic producers also gets a slight boost as there will always be concerns that tariffs would be applied on viet, ph, etc.

[Albeniz]

For more than 10 years, consumer products have been manufactured and sold cheaply that many people in the world adopt a “use-and—throw” mentality.

 

Now with this trade war, goods will not be as cheap as before.  Would that promote stronger recycling notion among the people? 

 

Hopefully in terms of resource sustainability, the trade war can bring about a positive impact, resulting in a greener Earth.

[Jamesc]

For more than 10 years, consumer products have been manufactured and sold cheaply that many people in the world adopt a âuse-andâthrowâ mentality.

 

Now with this trade war, goods will not be as cheap as before. Would that promote stronger recycling notion among the people?

 

Hopefully in terms of resource sustainability, the trade war can bring about a positive impact, resulting in a greener Earth.

Yes

 

Last time people change cars after 3 years.

 

Now people use until COE.

 

And some even renew COE.

 

 

Dyson smart make cars in Singapore.

 

Can sell in US and A.

 

US no trading wars with us.

 

If Dyson make cars in China . . .

Edited May 14, 2019 by Jamesc

[Jamesc]

30 years ago China had the bicycles and we had the cars.

 

Now we have the bicycles and China have the cars.

 

Today Americans drive Buicks and China have the sweat shops.

 

In 10 years China will drive the Buicks and America will have the sweat shops.

 

Edited May 14, 2019 by Jamesc

[Angcheek]

ya china seller discount $10

 

then china govt absorb another $10 

 

then us buyers only see $5 increase

 

 

[Jman888]

mean no more good deal on Amazon's Black Friday?

[Lala81]

wah trump administration is happily collecting billions in taxes

 

china meanwhile reduced VAT to 13% already while maintaining export rebates

 

china reserves can sustain how long?

 

They own 1.2 trillion in us treasuries alone yeah.

[Lala81]

as i said...difficult but not impossible

 

which country or combination of countries can pick up the slack if 195 factories in china shut?

 

it would be a supply chain nightmare though

 

I agree. Hahaha just see the selection of items u can buy on taobao and actually damn a lot of the factories r located in guangzhou itself.

[Wind30]

Short term gotta keep buying. Pain will be shared between buyer and seller. 

 

But if tariffs are expected to last for the long term, then production will start to move to other countries. In such a case, china gets nothing, US will pay more for their products. Vietnam, PH and Myanmar gets a boost. US domestic producers also gets a slight boost as there will always be concerns that tariffs would be applied on viet, ph, etc.

 

The pain is on china only if US keeps buying from China. UNLESS china can hike their selling price by 33% to cover the the 25% tariffs. 

 

Anything less than a 33% price increase is net gain for US, no pain at all. 

 

It is actually obvious from the first round of tariffs where the market reacted badly for China and barely anything for USA. It is a foregone conclusion China will lose at least short term in a trade war. 

 

Prices for some things might rise in USA but it will be much less than the amount of money they collect from the tariffs. 

 

Of course if china retaliates, it is a different matter but how much can they retaliate. 

Edited May 14, 2019 by Wind30

[Somewhat1975]

 

 

Trump or in general US politic nowadays can be very unpredictable. Imagine you have moved your production line out of China, and trump or the next president suddenly decides to cease fire with China or charge the same tariff to your new host country......

This kind of uncertainty is a nightmare for international supply chain.

Edited May 14, 2019 by Somewhat1975

[Lala81]

For more than 10 years, consumer products have been manufactured and sold cheaply that many people in the world adopt a âuse-andâthrowâ mentality.

 

Now with this trade war, goods will not be as cheap as before. Would that promote stronger recycling notion among the people?

 

Hopefully in terms of resource sustainability, the trade war can bring about a positive impact, resulting in a greener Earth.

most of the world population will have their employment disrupted if the retail economy built on relentless consumerism (as we know it) ends.

Reduce is more important than recycle. Cos recycle doesn't really work.

 

 

If goods cost more dear, the lower economic class will find it harder to make a living. When u r facing financial stress, your decisions will become more self centered. Cos u r just looking to survive.

Similarly why slums tend to develop in low income neighborhoods. Cos they can't see the bigger picture in keeping common spaces tidy or free of graffiti.

Definitely u won't give much thought to such global issues. But yes maybe the cost might make u use electrical or white goods longer. But I won't hold high hopes.

[Albeniz]

most of the world population will have their employment disrupted if the retail economy built on relentless consumerism (as we know it) ends.

Reduce is more important than recycle. Cos recycle doesn't really work.

 

 

If goods cost more dear, the lower economic class will find it harder to make a living. When u r facing financial stress, your decisions will become more self centered. Cos u r just looking to survive.

Similarly why slums tend to develop in low income neighborhoods. Cos they can't see the bigger picture in keeping common spaces tidy or free of graffiti.

Definitely u won't give much thought to such global issues. But yes maybe the cost might make u use electrical or white goods longer. But I won't hold high hopes.

Yes, reduce would be more appropriate than recycle.

[Jamesc]

They own 1.2 trillion in us treasuries alone yeah.

 

China own 1.2 trillion in US T bills.

So who has the power - US or China?

Firstly I don't how many million is a trillion but it really doesn't matter.

 

If this question was asked in 1967 then the power is with China

Since this question is asked in 2019 then its US that has the power.

In 1968 Nixon took the US dollar off the gold standard.

 

So if in 1967 China converted their 1.2 trillion of T bills into 1.2 trillion in US dollars

and went to the Federal Reserve and presented the 1.2 trillion to them they would 

have to give the Chinese 1.2 trillion dollars worth of gold.

 

In 1968 Nixon took the US dollar off the gold standard and so in 2019 if China took

their 1.2 trillion of US dollars to the Fed the Fed don't have to give them even 1 cent of gold.

 

Its Iike someone owe you $100 and they wrote an I owe U $100 on a piece of toilet paper

and you never saw the guy again at least you can use the toilet paper.

 

The 1.2 trillion the Chinese own they can stop buying hell money and burn for their ancestors

and just burn the 1.2 trillion USD.

 

The best thing for the US is when China present their T bills for conversion to USD the US

just have switch on the printers and print 1.2 trillion USD.

 

I have a colour printer at home and I can print any currency you like. Is it worth anything?

Its not worth anything just like USD is also not worth anything.

 

 

US currency is called a Fiat currency because like the old rusty and broken down car its junk.

 

 

Like the licence plate China will one day say Oh Fack die die die T bills.

Edited May 14, 2019 by Jamesc

[Lala81]

China own 1.2 trillion in US T bills.

So who has the power - US or China?

Firstly I don't how many million is a trillion but it really doesn't matter.

 

If this question was asked in 1967 then the power is with China

Since this question is asked in 2019 then its US that has the power.

In 1968 Nixon took the US dollar off the gold standard.

 

So if in 1967 China converted their 1.2 trillion of T bills into 1.2 trillion in US dollars

and went to the Federal Reserve and presented the 1.2 trillion to them they would

have to give the Chinese 1.2 trillion dollars worth of gold.

 

In 1968 Nixon took the US dollar off the gold standard and so in 2019 if China took

their 1.2 trillion of US dollars to the Fed the Fed don't have to give them even 1 cent of gold.

 

Its Iike someone owe you $100 and they wrote an I owe U $100 on a piece of toilet paper

and you never saw the guy again at least you can use the toilet paper.

 

The 1.2 trillion the Chinese own they can stop buying hell money and burn for their ancestors

and just burn the 1.2 trillion USD.

 

The best thing for the US is when China present their T bills for conversion to USD the US

just have switch on the printers and print 1.2 trillion USD.

 

I have a colour printer at home and I can print any currency you like. Is it worth anything?

Its not worth anything just like USD is also not worth anything.

 

 

US currency is called a Fiat currency because like the old rusty and broken down car its junk.

 

 

Like the licence plate China will one day say Oh Fack die die die T bills.

U r right. Its not a liquid asset at the amounts they own and the cash they have on hand.

To move in any big way, they would risk devaluation of their own investment. Lose lose situation. And the dollar will weaken which may play into trumps hands.

They can only cutback the buying of t bills which they have done.

 

Well China poorer or richer will still be around. So will the USA. So both have to live with each other heh.

A lot of people are saying Donald Trump started all these. Actually, Obama was already trying to address it but he was too weak. He could talk very diplomatically, but could not get things done. It would be miscalculation to think it is only a Republican issue. The political divide in D.C. is more to do with domestic policy than foreign policy.

Yes. Absolutely.

I did mention before. Being tough on China is bipartisan. The only difference between the two sides and individuals is how tough and how far u want to go.

 

So trump actually is supported by both sides. So this won't be a short affair.

[Scion]

China own 1.2 trillion in US T bills.

So who has the power - US or China?

Firstly I don't how many million is a trillion but it really doesn't matter.

 

If this question was asked in 1967 then the power is with China

Since this question is asked in 2019 then its US that has the power.

In 1968 Nixon took the US dollar off the gold standard.

 

So if in 1967 China converted their 1.2 trillion of T bills into 1.2 trillion in US dollars

and went to the Federal Reserve and presented the 1.2 trillion to them they would 

have to give the Chinese 1.2 trillion dollars worth of gold.

 

In 1968 Nixon took the US dollar off the gold standard and so in 2019 if China took

their 1.2 trillion of US dollars to the Fed the Fed don't have to give them even 1 cent of gold.

 

Its Iike someone owe you $100 and they wrote an I owe U $100 on a piece of toilet paper

and you never saw the guy again at least you can use the toilet paper.

 

The 1.2 trillion the Chinese own they can stop buying hell money and burn for their ancestors

and just burn the 1.2 trillion USD.

 

The best thing for the US is when China present their T bills for conversion to USD the US

just have switch on the printers and print 1.2 trillion USD.

 

I have a colour printer at home and I can print any currency you like. Is it worth anything?

Its not worth anything just like USD is also not worth anything.

 

 

US currency is called a Fiat currency because like the old rusty and broken down car its junk.

 

 

 

Like the licence plate China will one day say Oh Fack die die die T bills.

 

no.. if China dumps its T bills, it will cause the T bill prices to crash and their yields spike

 

dun forget there are other countries who are big holders of T bills

 

how will US going to pay the dividends?

 

you can say they can print endless USD, but that will cause a massive inflation that will crash their own economy

 

of cos, by doing that, China will crash also.... so it's a lose lose (or die together) situation

[Angcheek]

 

 

China like lugi lel ...... 

[Wt_know]

obviously, duakee white house imports a lot from yanxi palace ... lol

Edited May 14, 2019 by Wt_know