China announces it's imposing new tariffs on 128 US products

It remains to be seen if the price of those commodities drops or if they get sold to some other country willing to pay market price. It's only detriment might be to the Chinese consumer.

 

These 128 product represent less than 3% of our exports to China, It is all fluff and bullshit rhetoric just like this thread . The US markets overreact to everything, still waiting for a sizeable correction.

Is there anything that we export to China without a tariff ?

 

China has tariffs on US products already

And it has more to lose than Ametica does

 

The trade war started decades ago when our trading partners started putting tariffs on imports and we didn't. We are a little slow. At last we are beginning to level the playing field.

 

I dont think China taxing food imports from the USA is a good idea for their citizens.

 

Liberals pretend to be terrified at the thought of a trade war with china

But if cheap junk from china is that vital for America its all the more evidence we need to return to production in this country

 

pretty optimistic aren't you, ur thinking is lose the top customer, oh well we find more. not everyone gonna need that much pork meat/soybeans.

 

they tax US good, meaning S.American/SE asia export more. same with auto or planes

 

with globalism all the stuff we make HAS Chinese/mexico/other countries parts in it, a lot stuff we can't even make it anymore and require billions reinvestment, time and less competitive due to price. which ultimate result in high cost, and less competitive, do you think consumer will buy that.

 

Irony is when you attempt to come of as an expert but can't spell.

 

I'm an engineer. It's a requirement.

 

I think our national economic policy cannot be drive be the absolute lowest price to the consumer

We must retain the capacity to produce what we need in America

 

And if every country had that idea, what do you think would happen.
That ship sailed long ago.
US companies now do about 50% of their business with foreign countries.
Edit:
https://www.usatoday.com/story/money/markets/2017/05/03/wall-street-earnings/101168864/

 

What American companies do in china does not concern me as much as what they do in America

We import far more from china than they buy from America

 

Looks to me like this is going to end up harming US farmers. Red states are largely agrarian..

 

Some red states are more agricultural than others

But we cannot allow china to dictate our economic policy

 

Obviously, but..

http://money.cnn.com/2018/04/03/news/economy/us-tariffs-china/index.html

...
US business advocates said the administration diagnosed the problem with China correctly, but had the wrong remedy.

"The administration is rightly focused on restoring equity and fairness in our trade relationship with China. However, imposing taxes on products used daily by American consumers and job creators is not the way to achieve those ends," said Myron Brilliant, executive vice president of the US Chamber of Commerce, an advocacy group that has long been opposed to Trump's trade policy.

A lobbying group for US farmers pleaded with the administration not to go forward with the tariffs, fearing retaliation by China, one of the largest buyers of US crops.

"We continue to urge the administration to listen to farmers across rural America who can't afford new taxes on their exports," Max Baucus, a former Democratic senator from Montana and co-chairman of Farmers for Free Trade, said in a statement.

The list came hours after China's Foreign Ministry insisted it would respond with equal measure to any US tariffs. China said it has its own list of American exports that it will target if the United States goes through with its plan.

"We have been saying that China wouldn't start a trade war," a Foreign Ministry spokesperson said in Beijing. "But we are not afraid of it, and we will resolutely fight to the end if someone insists on a war."
...
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I'm afraid that there will be a lot of hardship for a lot of us while Trump and the Chinese fight over the rather distant issue of intellectual property rights and the rights of US corporations operating in China, the reason given for these tariffs by the Trump Admin. These issues don't affect the people Trump ran on a platform of helping, and the tariffs from this burgeoning trade war absolutely will.

 

Every form of gental ersuasion up to npw has failed to remedy the problem

China thinks they own the US and can treat us like a babana republic

Weening ouraelves off cheap imports matpy be painful at first

Like a junkie in withdrawall

but it has to be done

 

Some of the articles I've read and economists on the radio I've heard says any trade war would hurt China far more than us. And that is because of the extreme trade imbalance we have.

 

its basically they lost 2 leg, we lost 1 leg situation. Of course trump wont get affected, he probably already sold off hes stock and betting short on stock. But the rest of normal American lost 1000ss in 401k.

also China is authoritative govt, they can do anything they want. also our price of goods go up, they can make their own cheap good for their population. and import more stuff from EU/Aussie/S.America. Tariff on goods is Taxing consumer. and millions middle class American just lost thousands in their 401k etc. but the bright side is all the ppl I know who vote for trump had change of heart lately after watching their 401k lose 10grand or more.

China just announce another $50 billion tariff on US export to china, this was retailiation from trump announcement of $50B good.

http://money.cnn.com/2018/04/04/news/economy/china-tariffs-us-goods-soybeans/index.html

 

The latest news I heard is China isn't doing anything yet, just posturing while they request for the US to negotiate with them. The hit to people's 401k is just a temporary set back, it most likely needed a correction after the extreme climb it took lately.

 

Who, in a sober mind and good memory, could imagine 20-25 years ago that China would impose sanctions and protective duties on American goods? that "backward and ridiculous" PRC will dictate terms (as the feeble-minded American politicians themselves called) -the "only victorious superpower"?
Любые Fukuyamas hastily declared "the end of history," and other similar "thinkers" no less solemnly proclaimed "the beginning of the American century," and individual supporters of the theory of the golden billion wrote that the civilization and technological backwardness of the world from the United States was insurmountable, and now division into civilization and barbarians fixed forever (there were usually multi letters, but the meaning is approximately this).
And China, in fact became the first economy of the world, introduces lists of 128 American goods, which are subject to protective duties. And, if you read it, it turns out that duties are imposed on all sorts of banalities - wines, nuts, some types of agricultural products and so on.
Nothing high-tech. Do you know why? Because nothing high-tech that would be produced in the United States, in China is simply not sold. "Shining hail on the hill" and "a country of unattainably high technology" in fact turned into a Chinese homestead where they grow any secondary garbage that Chinese themselves produce just laziness.

The world has changed. "An exceptional nation," as it has always been in history and in any country, has failed. We must honestly admit this. And build a mutually beneficial relationship. But unfortunately the US and EU governments were occupied by crazy people. Who are ready to start a nuclear war.

By the way, Turkey said that the French, who recently expressed their intention to deploy their "peacekeeping contingent for the protection of the Kurds" in Syria, have nothing to do in a sovereign country, especially since "the fight against the remains of ISIS in Syria is almost complete.".... But not so long ago the French expeditionary corps with impunity wandered about Mali, the Central African Republic and a number of other states. Now they were publicly snapped by the nose with the words "Do not bother".

Another touch to the new picture of the world.

The lesser-known group "Syrian People's Resistance" said that its units attacked the American military base in Raqqa at night on April 3 (and posted a corresponding video of the shelling). And they will continue to attack the Americans.
Can you imagine what this opens up for maneuver? Anyone (Russian, Syrians, Iranians, Kurds - yes, anyone, even Palestinians!) Can now shell the Americans with grenade launchers and mortars, explode with land mines and kill with snipers - all this can be attributed to an unknown grouping.

Not without reason, Trump the other day, speaking before the military, said: "We can leave Syria not quickly, but very quickly. Very fast".

Once again - the world has changed. And the sooner the crazy in the EU and the US understand this, the sooner the world will become stable and it will be possible to tackle the development of the economies of the countries of the world.

 

we don't export much high tech to china, which could reduce 35% trade deficit if we do. We don't cause we afraid they gonna reverse it, and sell it much cheaper. But the hit list does have auto and planes. Also china hit the agriculture mainly because that's where most trump supporter at, Midwest.

 

Russia increased food supplies to the world market by 20% compared to last year (by the way, this is about positive impact of sanctions for Russian agriculture). The main buyers are China, Egypt, and a number of other countries. Therefore, China is absolutely calm about food and military protection (China and Russia are now on the way to creating a military alliance in opposition to NATO). And so China says calmly that it is not afraid of a trade war.

If we talk about technology ... I think the technology that the US has, China also has. China produced all - from rockets to iPhones.

 

as soon as tariff go through its Tax on consumer, and company will just move to cheaper place if they have too, will not come back to US. So basically you get more expensive goods from china for while, until company can setup shop like Vietnam. meanwhile stock market tanks. This affect American directly
you mean economy policy that drop S&p by 7% now, and tax consumer