US-China Trade "Truce--?

actually they do. the companies in china are there to make money, and they will do anything they can to do that including gain tech illegally to give them competitive edge in the market. one example is fuaya, a Chinese company operate in US. They did it due to business consideration not politic. many Chinese company offshore their factories to SE asia or Africa to lower cost too.

 

What country are you in?

 

US

 

Who cares about all products, you mean they don't place a duty on food and raw goods that they use to produce products? How much are Cars- Electronics- auto parts you know - value added stuff. And I don't care about what they import from other countries- who are a lot tougher on china than we are.

 

I am talking wages and benefits and please consider medical benefits of the workers.

Everything does not need to be made here. And if you remember the 70s you understand that Japan dumped cars and Electronics on the US at costs that were less than they were sold in Japan.

 

Chinese companies exist to serve the state

They do allow privilaged individuals - often good communist party members or family - but the ult8mate goal is chinese economic domination of the world economy

 

just show how little you know about there, they exist to make $$ and gain brand recognation . , Chinese are know for their materialism.. I doubt you never talk to a Chinese or travel there or did any study on the subject except watch on fox news. The current CCP want economy growth, and top tech, they can't do that if they doing soviet style.

 

Thats how mercantilism works

And china is doing that not only to the US but everywhere in the world

 

Are you sure you are a native born American?

Your English suggests you are not

 

you should check Skorea on that. they are the current one dumping appliance etc

 

didn't we have the same conversation before, no English is my 2nd language, I grow up in US wasn't born here. and you are off topic.

 

S korea is a smaller nation building itself up from abject poverty

Or at least it was 20 years ago

Today its a top-tier economy and society

Sure the erected tariffs against US products while at the same time seeking to export to the US inder low tariffs

And we allowed them to because of their geographic location and political support for US policy

 

There so many non Americans posting here I sometimes forget who is who

 

you never read how SKorea dumb its item in US?

here is a link of one example.

https://www.foxbusiness.com/features/whirlpool-to-ask-u-s-for-broad-barriers-on-washer-imports

Skorea subside many of its electronic and appliance etc, just like how japan did it before. if it weren't Skorean government support and subside etc, they would never earn a top place in today market, let alone drive out japan electronic industry.

the fact is even US subside industry, so does China and others.

here is paper publish how Skorea subside its industry for export.

http://www.lawanddevelopment.net/img/mah.pdf

 

I don't disagree with you, but given that there has been, at least since the 1990's, a sizable jump in the low income portion of the population, I'm saying that the people who can least afford to lose a source of low priced goods are the people who the Chinese tariffs will hurt first and the most. That said, what you said about American workers being paid more, and the loss of good paying jobs damaging American cities and neighborhoods is dead on correct.

NO to all of what you said here. I am very, very close to the U.S. auto industry - I've been a supplier most of my adult life. Bottom-line, China is now the largest new car market in the world, and as such, Chinese consumers tastes influence all manufacturers, including European and Japanese, design and engineering decisions.

 

S korea is a mature capitalist economy today and that is why we are pressuring them for more fair trade practices

But they are not the mortal threat to our economy and national security that china is

The two are in no way comparable

 

Yep, and these losses are all self-inflicted.

 

I would think the objective of a Chinese CEO is to maximize the profits. Am I wrong?

The government control which you promote is actually similar to the Chinese model.

 

national security sure, economy its the same, both korea/china are doing the same thing, subside their products till their own brand are mature. China doing exactly as japan did in 70-80, Skorea did in 80-90.

 

You could be wrong

An American CEO is a slave to the quarterly earnings reports

A chinese CEO can think more longterm

And under a communist dictatorship waging a mercantilist war of aggression against private US companies and industries the profit objdctive may be years from now

 

Korea does not want to rule the world and defeat the US giant

China does

Have you ever heard of Made in China 2025?

The germans btw hav3 had much the same goal since 2010

https://www.washingtonpost.com/news...to-trumps-trade-goals/?utm_term=.7dc0df6c4b16

 

We have a rising poor population because of free trade with china and unrestricted migration of poor people to America

 

yes I heard made in china 2025, and make in india 2020. and? they both have ambition to be an economic and tech power house, so does every large country. Skorea/Japan/German already doing that, its tech already top notch, and that's what china and india want. the only difference is china is a rising power and near peer competitor to US, so thucydides trap apply here. if SK or Japan has same land mass and people, then they will be treated like china.

did you know we shift army apache helicopter production line to india, Lockheed plan shifting its F16 assembly line to india. the reason is because india also want to become a economic/tech powerhouse in the future, so they force foreign company to build factories there or don't get access to their market, sound familiar? 20-30yrs from now when india become like china now, we gonna feel threaten by them, cause they have their own agenda as well their own geo political strategy that's not necessary align with ours. again thucydides trap

 

Did I say that? No. What I said was that many companies, if not financially able to survive, will close or leave.

 

Record imports push U.S. trade deficit to $55.5 billion

https://www.pbs.org/newshour/economy/record-imports-push-u-s-trade-deficit-to-55-5-billion