Slump in China's Yuan will offset US tariffs

Discussion in 'Economics & Trade' started by fullmetaljack, Nov 1, 2018.

  1. fullmetaljack

    fullmetaljack Well-Known Member

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  2. Josephwalker

    Josephwalker Well-Known Member

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    Looks like Trump's plan is working and dragging down China's economic growth. Time for round two, increase tarrifs and keep the pressure on.
     
    Last edited: Nov 1, 2018
  3. fullmetaljack

    fullmetaljack Well-Known Member

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  4. webrockk

    webrockk Well-Known Member Past Donor

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    It is not the American citizen's responsibility to help other country's economies at the expense of America's.

    globalists would have you believe otherwise.
     
  5. mdrobster

    mdrobster Well-Known Member

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    i guess trump is going to have dole out more money to those people hit by the maga tariffs.
     
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  6. Borat

    Borat Well-Known Member

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    Worst case scenario is the US government will collect tens of billions in tariffs. It's a good start... and the collapse of the Chinese currency is making everyone in China poorer and is thus not sustainable long term. Don't take my word for it though, ask Zimbabwe or Venezuela.
     
  7. Pollycy

    Pollycy Well-Known Member

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    The 'tipping point' is identified as a 7-to-1 ratio between the Chinese Yuan and the U. S. Dollar. At this moment, the ratio is 6.95-to-1, and has been climbing steadily since President Trump was sworn in in January of this year.

    My question which has gone unanswered by anybody since the Great Recession is -- WHY is the euro so high in value versus the U. S. Dollar? That is the thing that makes absolutely no sense at all.... Right now the one euro is 'worth' 1.14 U. S. Dollars. Ridiculous!
     
    Last edited: Nov 1, 2018
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  8. Jestsayin

    Jestsayin Well-Known Member Donor

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    The currency of China is not and always has been manipulated by the government. Let them run their own currenct into the crapper.
    President Trump is a flippin' genius.
     
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  9. s002wjh

    s002wjh Well-Known Member

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    it mean anything made in china is cheaper, and they make a lot stuff. its how they did it in early 2000s in order to export stuff. Country like japan/china/Skorea and other do it intentional in order to lower the cost of items.
     
  10. s002wjh

    s002wjh Well-Known Member

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    this time they didn't do it, it was cost my market, but it benefit china as good they export become cheaper, good they import become more expensive, which mean less import from US but more export to US.
     
  11. TrueScotsman

    TrueScotsman Well-Known Member

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    Trump supporters are complete fools. China was intentionally printing more, in order to buy up American debt, they created a loop which essentially makes their goods cheaper and interest rates in the US lower as well as more cash so we could buy more for them. Trump didn't understand this is why China was doing such currency manipulation, and is now torpedoing global capitalism with his stupid trade war and brain dead economic nationalist policies. Way to go MAGA!
     
    Last edited: Nov 1, 2018
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  12. TrueScotsman

    TrueScotsman Well-Known Member

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    They lowered the Yuan in order to boost our cash and spending, but of course Trumpanzees don't actually understand the economy. They just are xenophobes whose preferences align with Trump's terrible nationalist policies.
     
  13. Pollycy

    Pollycy Well-Known Member

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    Trump's plan may be too-little, too-late. He's trying to overcome decades of stupid, utterly negligent trade policies in a matter of mere months, with nothing but tariffs, and it's quite a gamble. Meanwhile, China's "Belt and Road" program is tremendously successful everywhere in the world it has been started, everywhere from Europe to Africa, and throughout Asia.
     
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  14. trucker

    trucker Well-Known Member Donor

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    Europe inflation rate is rising also they look like they are getting closer to stagflation to me
    https://www.bloomberg.com/amp/news/...ion-accelerates-even-as-economic-growth-cools
    [​IMG]
     
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  15. MissingMayor

    MissingMayor Well-Known Member

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    Pretty sure the Euro started out as a much higher ratio to the US dollar.

    I am absolutely sure that you have no rationale for the Euro to US dollar ratio besides you want the US dollar to be worth more because... 'Murica.
     
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  16. TrueScotsman

    TrueScotsman Well-Known Member

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    The trade policy might not be the best, but Trump's "solutions" shows us he never understood the intention of US trade policy around the globe. America intentionally ran a trade and budget deficit in order to stimulate development and demand around the world, as well to create new markets for the US to exploit for manufacturing more and more consumer goods. The US would then balance this by taking in 70% of global profits through Wall Street. Trump wants to make the US both an industrial and consumer based economy, not understanding that workers wages would not afford the cost of domestically produced consumer goods, and this would drive down aggregate demand and cause perhaps an economic downturn.

    China under Xi has become more adversarial and they have a long history of being exploited and humiliated by the West, so I am doubtful they will open up to American investment. But they have been integral to saving the global economy during the last recession, but it has caused them to take on so much debt that they are now a major risk. We risk aggravating those risks by this trade war.
     
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  17. jay runner

    jay runner Well-Known Member

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    Lowest sustained unemployment claims since 1973. Now's the time to punch harder.
     
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  18. Josephwalker

    Josephwalker Well-Known Member

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    You obviously haven't been paying attention. Currency manipulation by china is one of Trump's biggest complaints.
     
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  19. Josephwalker

    Josephwalker Well-Known Member

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    What you forget is domestically producing consumer goods will drive up wages commensurate with prices
     
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  20. jay runner

    jay runner Well-Known Member

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    It's been a big complaint for a long time. But until now nobody would do anything about it.
     
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  21. TrueScotsman

    TrueScotsman Well-Known Member

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    Trump is an idiot, he doesn't understand why they are doing it.
     
  22. TrueScotsman

    TrueScotsman Well-Known Member

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    Because they were doing such in a way that also helped lower interest rates, and gave us more cash to buy consumer goods. It was in many ways a mutually advantageous arrangement, but Trumpanzees arent educated on the global economy.
     
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  23. Borat

    Borat Well-Known Member

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    They have been doing this for decades indeed.... but now we collect tens of billions in tariffs which is great for the budget... and we can double and triple and quadruple these tariffs if we have to until they either stop playing dirty and level the playing field for the American companies or keep destroying their currency until it reaches the level of Zimbabwe dollar or Venezuela's bolivar.
     
  24. Zorro

    Zorro Well-Known Member

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    And every sale includes a tip to the US Treasury. Weren't you just feigning concern over the Federal Deficit?

    Trump has the Chinese paying US taxes and you say he's the dummy?!?!

    [​IMG]
     
    Last edited: Nov 1, 2018
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  25. jay runner

    jay runner Well-Known Member

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    Consumerism is bad. I thought democrats all knew that. Go to the yard sales and see all the Chinese clothes and goods for a nickel on the dollar six months after being bought at retail.

    More and more jobs are good. Less sucking the government teat is good.
     
    Last edited: Nov 1, 2018

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