White House criticises China for $3bn tariffs on US imports

[Gunny]

The White House has criticised China after it imposed retaliatory tariffs against the US on a range of goods including pork and wine.
Beijing has introduced duties of up to 25% on 128 American imports following President Donald Trump's decision to slap tariffs on steel and aluminium.
China said the move was intended to safeguard its interests and balance losses caused by the new US tariffs.
US stock markets plunged (http://www.bbc.co.uk/news/business-43622434), partly on fears the duties will escalate.
Technology stocks (http://www.bbc.com/news/world-us-canada-43622862#) were among Monday's biggest losers including Amazon, after President Trump stepped up his Twitter attacks against the online retailer.
In its statement about the tariffs, the White House accused Beijing of "distorting global markets".
"China's subsidisation and continued overcapacity is the root cause of the steel crises," spokeswoman Lindsay Walters said.
"Instead of targeting fairly traded US exports, China needs to stop its unfair trading practices which are harming US national security and distorting global markets."
The back-and-forth reflects rising tensions between the US and China, which President Trump has described as an "economic enemy".

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https://pbs.twimg.com/profile_images/874276197357596672/kUuht00m_normal.jpg (https://twitter.com/realDonaldTrump)Donald J. Trump
✔@realDonaldTrump
(https://twitter.com/realDonaldTrump)

(https://twitter.com/realDonaldTrump/status/969525362580484098)


When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!
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End of Twitter post by @realDonaldTrump






US winemakers feel crushed by China tariffs (http://www.bbc.com/news/business-43560477)
Five reasons why trade wars aren't easy to win (http://www.bbc.com/news/business-43262278)
What could China do in a US trade war? (http://www.bbc.com/news/business-42798941)

What is this fight about?The US has taken two major steps recently that have triggered tension with China.
On 8 March, it announced global steel and aluminium tariffs saying the measures were necessary to protect US producers and critical to national security. (Certain allies such as Canada, Mexico and the European Union, are in line for exemptions, pending talks.)
China challenged the US use of national security (https://www.wto.org/english/news_e/news18_e/good_23mar18_e.htm) to justify the tariffs and announced retaliatory tariffs on $3bn (£2.1bn) worth of US products.
Those tariffs went into effect on Monday, targeting US goods including frozen pork, nuts, fresh and dried fruit, ginseng (http://www.bbc.com/news/world-us-canada-43622862#) and wine.
https://ichef-1.bbci.co.uk/news/624/cpsprodpb/10301/production/_98950366_presentational_grey_line464-nc.jpgWho will blink first?By Stephen McDonell, BBC News, Hong Kong
China's theft of foreign intellectual property is what sparked all this in the first place, according to Washington. If international companies want to operate in China they must hand over their intellectual property for the privilege, thus delivering the likes of German high-speed rail technology into the hands of Chinese engineers.
Yet now that China's retaliatory tariffs have kicked in, there are also those sympathetic with that argument who are worried that launching a potential tariff war is not the way to fix the problem. Naturally others say China has been getting away with this for years and tough measures were needed in order to force change.
There is also the overall imbalance in US-China trade but a large Chinese surplus, of course, means it is potentially much more exposed during a trade war than America. For this reason Beijing will want to negotiate a way out of this escalating tariff showdown.
Its first set of tariffs are relatively mild but they come in response to the first round of US tariffs and a second has already been announced. There are plenty more American companies to be hit and other nations, especially those in Europe and Asia, could soon find themselves dragged into this conflict.
https://ichef-1.bbci.co.uk/news/624/cpsprodpb/10301/production/_98950366_presentational_grey_line464-nc.jpg
That dispute, however, is a preview of a bigger showdown between the two countries.
A few weeks after announcing the steel and aluminium tariffs, the White House said it would impose additional tariffs on as much as $60bn in Chinese imports over intellectual property violations.
It said China has practices that put US firms at a disadvantage and unfairly pressure them to share technology, especially in fields such as robotics and telecommunications.
The two sides are now negotiating over the issues, though the White House has also said previous talks have failed, necessitating tariffs.


What is a trade war and why should I worry? (http://www.bbc.com/news/world-43512098)
Reality Check: Is Trump right about US trade deficit? (http://www.bbc.com/news/world-43336599)

What's the reaction?American businesses caught up in the dispute have raised alarm, noting that China is a large market for certain goods, including pork, soybeans and aircraft.
For example, last year China was the third largest market for US pork, receiving about $1.1bn worth of products, according to the National Pork Producer Council.
"Any restriction on export markets is not a good development for US pork producers," Jim Monroe, a spokesman for the National Pork Producers Council, told the BBC.
US companies have said that while they share some of the Trump administration's concerns, they are worried that threatening tariffs is not the best way to resolve the problems.
"The direction (http://www.bbc.com/news/world-us-canada-43622862#) of what the US government is doing, and that is to apply some pressure, use some leverage, to level the playing field is the right one, although I don't think tariffs is the best way to go," said William Zarit. chairman of the American Chamber of Commerce in China.
Mr Zarit told the BBC that members of his organisation, which represents more than 900 companies operating across China, including Intel, Dell (http://www.bbc.com/news/world-us-canada-43622862#), Honeywell and Coca-Cola, were encouraged to hear that top officials have started talking again.
"I think it shows that both sides want to solve this before it gets out of hand," he said.
https://ichef.bbci.co.uk/news/624/cpsprodpb/DEAE/production/_100660075_918497fc-0441-4d36-9bcf-0d5ff347bbee.pnghttp://www.bbc.com/news/world-us-canada-43622862

If any of y'all like bacon might as well go get some now. It's already expensive for what it is. We're about to pay China's tariff to eat any.

[High_Plains_Drifter]

It's as if all these countries we have such massive trade imbalances with feel as though the only way it's supposed to work is SCREW AMERICA. When the tables are turned and the imbalance addressed they have a cow.

I say let them have a cow. I'm tired of hearing about America being the whipping post for the world to screw in trade deals.

[Gunny]

It's as if all these countries we have such massive trade imbalances with feel as though the only way it's supposed to work is SCREW AMERICA. When the tables are turned and the imbalance addressed they have a cow.

I say let them have a cow. I'm tired of hearing about America being the whipping post for the world to screw in trade deals.Problem is, somebody is going to pay for the retaliation. In cash. The US consumer. We win nothing if everything is priced out of our reach.

[pete311]

Considering US consumption levels, I don't see how there couldn't be trade imbalances. You want smaller or much poorer countries to import as much goods as the US does? Right...

[LongTermGuy]

It's as if all these countries we have such massive trade imbalances with feel as though the only way it's supposed to work is SCREW AMERICA. When the tables are turned and the imbalance addressed they have a cow.

I say let them have a cow. I'm tired of hearing about America being the whipping post for the world to screw in trade deals.
Your got that right ..Im tired of it also...We do what we got to do....and No fucking apology tours to countries that keep screwing us....Lets get it all equal....and Ignore the scared... American Liberal / socialist... we are the world bitches who complain about our President trying to save our country...

[High_Plains_Drifter]

Problem is, somebody is going to pay for the retaliation. In cash. The US consumer. We win nothing if everything is priced out of our reach.
What possibly is going to be "priced out of your reach?" I think you're laying it on a little thick, there Gunny. You going to pay $2.37 for that made in china spatula at walmart instead of $1.97?

If the chinks wanna trade war, WE can hurt THEM a hellova lot worse than THEY can hurt US, because they're ALREADY screwing us. THEIR economy hasn't FELT what we can do to them YET. Let them get a taste of a dip in THEIR economy. Let them LOSE that American consumer money and then see how willing they are to PLAY this game then. They don't have any wiggle room... WE DO.

[pete311]

What possibly is going to be "priced out of your reach?" I think you're laying it on a little thick, there Gunny. You going to pay $2.37 for that made in china spatula at walmart instead of $1.97?

If the chinks wanna trade war, WE can hurt THEM a hellova lot worse than THEY can hurt US, because they're ALREADY screwing us. THEIR economy hasn't FELT what we can do to them YET. Let them get a taste of a dip in THEIR economy. Let them LOSE that American consumer money and then see how willing they are to PLAY this game then. They don't have any wiggle room... WE DO.

And yet we somehow own China over a trillion dollars.

[Gunny]

What possibly is going to be "priced out of your reach?" I think you're laying it on a little thick, there Gunny. You going to pay $2.37 for that made in china spatula at walmart instead of $1.97?

If the chinks wanna trade war, WE can hurt THEM a hellova lot worse than THEY can hurt US, because they're ALREADY screwing us. THEIR economy hasn't FELT what we can do to them YET. Let them get a taste of a dip in THEIR economy. Let them LOSE that American consumer money and then see how willing they are to PLAY this game then. They don't have any wiggle room... WE DO.I got news for for you ... I'm laying nothing on thick. I'm telling it like it IS.

We arbitrarily jack up imports to force US customers to buy our products at inflated prices. In the meantime, we, the consumers are paying for the jacked up import tariffs slapped on us in retaliation.

They aren't going to lose the American consumer money. You see this as an "us or them" thing and refuse to see WHO EXACTLY is going to pay for all these jacked up prices. The American consumer. You don't think businesses are going to import stuff at a higher price at THEIR expense, do you? And you don't REALLY think we aren't going to pay for the jacked up price of steel in our country when US steel went out of business because it couldn't compete on the global market? That alone tells you the steel can be bought by foreign consumers on the foreign market minus Trump's tariff to prop up a failed US industry.

We, the consumers, are going to pay for all this shit. And The employers in this country aren't going to come rushing to the aid of employees to help out their consumer costs.

I really don't give a fuck about America winning some bullshit war where the American people, me being one of them, are the losers. I don't give a damn if these corporations can't make their profit margins. That's THEIR problem. Not the US consumer's and not the US government's business. Simple rule of capitalism: You can't compete you go out of business.

On the global market, it has nothing to do with being American. Our industries suck because of the spoiled brats that work in them and the unions that run them. Other countries are not going to pay to keep our unions fat dumb and happy when they can buy from countries that don't have that overhead.

[Black Diamond]

I got news for for you ... I'm laying nothing on thick. I'm telling it like it IS.

We arbitrarily jack up imports to force US customers to buy our products at inflated prices. In the meantime, we, the consumers are paying for the jacked up import tariffs slapped on us in retaliation.

They aren't going to lose the American consumer money. You see this as an "us or them" thing and refuse to see WHO EXACTLY is going to pay for all these jacked up prices. The American consumer. You don't think businesses are going to import stuff at a higher price at THEIR expense, do you? And you don't REALLY think we aren't going to pay for the jacked up price of steel in our country when US steel went out of business because it couldn't compete on the global market? That alone tells you the steel can be bought by foreign consumers on the foreign market minus Trump's tariff to prop up a failed US industry.

We, the consumers, are going to pay for all this shit. And The employers in this country aren't going to come rushing to the aid of employees to help out their consumer costs.

I really don't give a fuck about America winning some bullshit war where the American people, me being one of them, are the losers. I don't give a damn if these corporations can't make their profit margins. That's THEIR problem. Not the US consumer's and not the US government's business. Simple rule of capitalism: You can't compete you go out of business.

On the global market, it has nothing to do with being American. Our industries suck because of the spoiled brats that work in them and the unions that run them. Other countries are not going to pay to keep our unions fat dumb and happy when they can buy from countries that don't have that overhead.
Interestingly trumps approval rating is climbing. This could be an election ploy but he has been talking like this for 30 years.

[FakeNewsSux]

"Originally posted by pete311
And yet we somehow own (sic) China over a trillion dollars.


​Not surprising since they needed to park their excess cash in a reliable economy. This isn't such a bad situation though. An old dictum learned in an econ class at the University of Wisconsin back in the day, "If you owe your banker $1000 dollars, he's got you by the balls. If you owe your banker $1 million dollars, you've got him by the balls." Which means he is as invested in your success as you are since his bottom line depends on it. Kind of provides a weird kind of stability to the situation.

[FakeNewsSux]

I was brought up as a "free trader" and in a classic sense I still believe that, if practiced universally, it is the best situation globally. Unfortunately, all countries set trade policies to look after their own particular interests. The WTO has had a long standing principle of avoiding reciprocity as a means of more quickly lowering trade barriers. Sadly, over the years numerous 'exceptions' have been allowed which have resulted in the more principled 'free trade' countries being left holding the bag and eating ever increasing trade deficits. I wonder, if the US set its' own tariff policy strictly reciprocal to each particular trading partner, wouldn't that help eliminate cheating and eventually lead to free trade since no advantage could be gained without equal harm being applied?

[LongTermGuy]

I was brought up as a "free trader" and in a classic sense I still believe that, if practiced universally, it is the best situation globally. Unfortunately, all countries set trade policies to look after their own particular interests. The WTO has had a long standing principle of avoiding reciprocity as a means of more quickly lowering trade barriers. Sadly, over the years numerous 'exceptions' have been allowed which have resulted in the more principled 'free trade' countries being left holding the bag and eating ever increasing trade deficits. I wonder, if the US set its' own tariff policy strictly reciprocal to each particular trading partner, wouldn't that help eliminate cheating and eventually lead to free trade since no advantage could be gained without equal harm being applied?
http://i.huffpost.com/gen/2978876/images/h-OBAMA-432x243.jpg
http://static1.businessinsider.com/image/546218546bb3f750291952f5-1190-625/obamas-landmark-pacific-trade-deal-could-make-or-break-his-foreign-policy-vision.jpg
http://sharedmedia.grahamdigital.com/photo/2016/02/11/Donald-Trump-looking-up-jpg_2173382_ver1.0_1280_720.jpg

[Gunny]

Interestingly trumps approval rating is climbing. This could be an election ploy but he has been talking like this for 30 years.Was wondering when this would come out. I don't care about Trump. He just happens to be the guy doing it. This is about WHAT IS BEING DONE. I'd say the same thing if Captain Kangaroo was doing it.

His approval ratings according to whoever mean nothing to me. They also mean nothing to this issue. Yet. Nothing has sunk in and the effects don't hit the second the order is signed. I really don't care who approves. I don't approve of paying more for the same crap just so the US government can dictate who gets to get rich. That IS what it amounts to. Trump is forcing a failing industry on the the rest of the world, and us as consumers. Somebody has to pay for it and "somebody" is us.

[Kathianne]

Was wondering when this would come out. I don't care about Trump. He just happens to be the guy doing it. This is about WHAT IS BEING DONE. I'd say the same thing if Captain Kangaroo was doing it.

His approval ratings according to whoever mean nothing to me. They also mean nothing to this issue. Yet. Nothing has sunk in and the effects don't hit the second the order is signed. I really don't care who approves. I don't approve of paying more for the same crap just so the US government can dictate who gets to get rich. That IS what it amounts to. Trump is forcing a failing industry on the the rest of the world, and us as consumers. Somebody has to pay for it and "somebody" is us.

Same thing with gasoline, getting prices higher to make US oil competitive-which I'm unsure is necessary. Fracking is creating a surplus, but it's not fast enough for the administration. Using it to gain more $$ for beautiful infrastructure.

https://www.cnbc.com/2018/02/15/trumps-gas-tax-hike-tests-a-third-rail-in-politics.html

http://www.newsweek.com/trump-administration-raise-gas-tax-pay-infrastructure-says-gary-cohen-693776

[Black Diamond]

Was wondering when this would come out. I don't care about Trump. He just happens to be the guy doing it. This is about WHAT IS BEING DONE. I'd say the same thing if Captain Kangaroo was doing it.

His approval ratings according to whoever mean nothing to me. They also mean nothing to this issue. Yet. Nothing has sunk in and the effects don't hit the second the order is signed. I really don't care who approves. I don't approve of paying more for the same crap just so the US government can dictate who gets to get rich. That IS what it amounts to. Trump is forcing a failing industry on the the rest of the world, and us as consumers. Somebody has to pay for it and "somebody" is us.
Was just stating a fact. Was wondering why it had climbed


also trump is the only American politician who would dare do this.

[aboutime]

https://aseemrastogi2.files.wordpress.com/2015/10/life-love-quotes-what-goes-around-comes.jpg

As the President has said, many times:
https://www.washingtonpost.com/resizer/7WHOGstv0URfHmgQfmDlIbKzy28=/480x0/arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/YTBYWYUNRU3URHLJJIF3MJCMGM.jpg

https://i.ytimg.com/vi/mmnp_kfrNoU/hqdefault.jpg

[Black Diamond]

https://aseemrastogi2.files.wordpress.com/2015/10/life-love-quotes-what-goes-around-comes.jpg

As the President has said, many times:
https://www.washingtonpost.com/resizer/7WHOGstv0URfHmgQfmDlIbKzy28=/480x0/arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/YTBYWYUNRU3URHLJJIF3MJCMGM.jpg

https://i.ytimg.com/vi/mmnp_kfrNoU/hqdefault.jpg




I love the bottom one.

[Gunny]

Same thing with gasoline, getting prices higher to make US oil competitive-which I'm unsure is necessary. Fracking is creating a surplus, but it's not fast enough for the administration. Using it to gain more $$ for beautiful infrastructure.

https://www.cnbc.com/2018/02/15/trumps-gas-tax-hike-tests-a-third-rail-in-politics.html

http://www.newsweek.com/trump-administration-raise-gas-tax-pay-infrastructure-says-gary-cohen-693776I can see only one reason to mess with the oil market and it's strategic, not economic. I would steal Russia's European market and Iran's markets. Otherwise, I'm wondering if anyone in a decision-making capacity knows we DO have to live with the rest of the world.

If we don't, pull us off the World market. Doing to others what we're bitching about them doing to us doesn't seem real kosher. But that seems to be US politics these days.

[aboutime]

I can see only one reason to mess with the oil market and it's strategic, not economic. I would steal Russia's European market and Iran's markets. Otherwise, I'm wondering if anyone in a decision-making capacity knows we DO have to live with the rest of the world.

If we don't, pull us off the World market. Doing to others what we're bitching about them doing to us doesn't seem real kosher. But that seems to be US politics these days.


Gunny. As tough as it sounds. It's long past time when WE have to start using THEIR tactics, used against us for so long, to even the so-called playing field. Right now, and I suspect Trump already knows it. WE have the capacity, and endless supply of Natural Gas, Coal, Oil, and Gasoline WE MANUFACTURE, and MINE right here in the USA.
Truth is. TODAY. We are nearly totally Independent with our own ENERGY supplies, that Europe, and even China can get a huge break on...with price, compared to PUTIN's blackmail marketing.
Too many of our Democrat politicians stand to LOSE BIG BUCKS if we stop buying OIL from other countries that HATE US, and WANT TO DESTROY US.

[Gunny]

Gunny. As tough as it sounds. It's long past time when WE have to start using THEIR tactics, used against us for so long, to even the so-called playing field. Right now, and I suspect Trump already knows it. WE have the capacity, and endless supply of Natural Gas, Coal, Oil, and Gasoline WE MANUFACTURE, and MINE right here in the USA.
Truth is. TODAY. We are nearly totally Independent with our own ENERGY supplies, that Europe, and even China can get a huge break on...with price, compared to PUTIN's blackmail marketing.
Too many of our Democrat politicians stand to LOSE BIG BUCKS if we stop buying OIL from other countries that HATE US, and WANT TO DESTROY US.Sorry. Disagree. If I wanted to act like one of "them", I could just join. Doesn't seem to high a standard to meet.

I refuse to become the thing I hate. It keeps me sane. Otherwise I'm just another murdering bastard with a gun. No better than what I'm shooting.

[reedak]

... It's long past time when WE have to start using THEIR tactics, used against us for so long, to even the so-called playing field. Right now, and I suspect Trump already knows it. WE have the capacity, and endless supply of Natural Gas, Coal, Oil, and Gasoline WE MANUFACTURE, and MINE right here in the USA.
Truth is. TODAY. We are nearly totally Independent with our own ENERGY supplies, that Europe, and even China can get a huge break on...with price, compared to PUTIN's blackmail marketing.
Too many of our Democrat politicians stand to LOSE BIG BUCKS if we stop buying OIL from other countries that HATE US, and WANT TO DESTROY US.

My dear aboutime,

Very true, it's about time for Uncle Sam to stop others from treating him like a mother pig.
It's about time for Uncle Sam to reverse his role by sucking others like a hungry piglet. :pigfly:

P.S. America has not only have endless supply of gasoline but also endless supply of milk for "breastfeeding" others. :)

https://www.bing.com/images/search?view=detailV2&ccid=juE4g9Fc&id=6A3B4E4CCDF77C1953207B5A0BF4963696BDF0D3&thid=OIP.juE4g9FcU2jDdykqwTIPMQHaDz&mediaurl=http%3a%2f%2fagritech.tnau.ac.in%2fanimal _husbandry%2fimages%2fMother%2520Pig.jpg&exph=524&expw=1019&q=photo+of+mother+pig+feeding+piglets&simid=608038243156626481&selectedIndex=0&ajaxhist=0

[aboutime]

My dear aboutime,

Very true, it's about time for Uncle Sam to stop others from treating him like a mother pig.
It's about time for Uncle Sam to start sucking others like a hungry piglet. :pigfly:

https://www.bing.com/images/search?view=detailV2&ccid=juE4g9Fc&id=6A3B4E4CCDF77C1953207B5A0BF4963696BDF0D3&thid=OIP.juE4g9FcU2jDdykqwTIPMQHaDz&mediaurl=http%3a%2f%2fagritech.tnau.ac.in%2fanimal _husbandry%2fimages%2fMother%2520Pig.jpg&exph=524&expw=1019&q=photo+of+mother+pig+feeding+piglets&simid=608038243156626481&selectedIndex=0&ajaxhist=0

reedak. The only thing you prove to all of us here is..How NUCKING FUTS you really are.
Either get your head out of your ass, or open a window to allow all of the dangerous FUMES you are manufacturing in your METH lab with a keyboard.https://i3.cpcache.com/product/604948112/Nucking_Futs_Puzzle_300x300.jpg?height=300&width=300&qv=90&side=front&Filters=[{%22name%22:%22background%22,%22value%22:%22ddddde %22,%22sequence%22:2}]

[reedak]

reedak. The only thing you prove to all of us here is..How NUCKING FUTS you really are.
Either get your head out of your ass, or open a window to allow all of the dangerous FUMES you are manufacturing in your METH lab with a keyboard....

My dear aboutime,

It's about time you stop talking with your head in the cloud and your mouth at your very bottom. :)

[reedak]

.... Otherwise I'm just another murdering bastard with a gun. No better than what I'm shooting.

Beware! Your rootin', tootin', "merciless & cruel" gunslinging talks have attracted the attention of the police. You are under close observaion now. :)

[Gunny]

reedak. The only thing you prove to all of us here is..How NUCKING FUTS you really are.
Either get your head out of your ass, or open a window to allow all of the dangerous FUMES you are manufacturing in your METH lab with a keyboard.https://i3.cpcache.com/product/604948112/Nucking_Futs_Puzzle_300x300.jpg?height=300&width=300&qv=90&side=front&Filters=[{%22name%22:%22background%22,%22value%22:%22ddddde %22,%22sequence%22:2}]That's what I was thinking ....

[Gunny]

Beware! Your rootin', tootin', "merciless & cruel" gunslinging talks have attracted the attention of the police. You are under close observaion now. :)Your head's under water. You don't know what you're talking about. And I could care less what the police think. If I did, you wouldn't be reading it.

They know where they can find me. Maybe.

[reedak]

Your head's under water. You don't know what you're talking about. And I could care less what the police think. If I did, you wouldn't be reading it.

They know where they can find me. Maybe.

You can continue talking with your head in the cloud and your mouth at your very bottom.

Not "maybe". Surely they can find you here. :)

[aboutime]

reedak. Ever heard this? It fits you. "CHUCK U FARLEY..GO BACK OFF IN YOUR OWN JACK YARD!"
Please call this number: https://i1.wp.com/aclnys.org/wp-content/uploads/2016/09/11.png

or...http://www.mentalhealthportland.org/wp-content/uploads/2011/11/Crisis-line-billboard.jpg

[reedak]

reedak. Ever heard this? It fits you. "CHUCK U FARLEY..GO BACK OFF IN YOUR OWN JACK YARD!"...


My dear aboutime,

It's about time for you to drag an old fat sow into your toilet so that you can be "breastfed" for the rest of your life. :)

https://www.bing.com/images/search?view=detailV2&ccid=juE4g9Fc&id=6A3B4E4CCDF77C1953207B5A0BF4963696BDF0D3&thid=OIP.juE4g9FcU2jDdykqwTIPMQHaDz&mediaurl=http%3a%2f%2fagritech.tnau.ac.in%2fanimal _husbandry%2fimages%2fMother%2520Pig.jpg&exph=524&expw=1019&q=photo+of+mother+pig+feeding+piglets&simid=608038243156626481&selectedIndex=0&ajaxhist=0

[aboutime]

My dear aboutime,

It's about time for you to drag an old fat sow into your toilet so that you can be "breastfed" for the rest of your life. :)

https://www.bing.com/images/search?view=detailV2&ccid=juE4g9Fc&id=6A3B4E4CCDF77C1953207B5A0BF4963696BDF0D3&thid=OIP.juE4g9FcU2jDdykqwTIPMQHaDz&mediaurl=http%3a%2f%2fagritech.tnau.ac.in%2fanimal _husbandry%2fimages%2fMother%2520Pig.jpg&exph=524&expw=1019&q=photo+of+mother+pig+feeding+piglets&simid=608038243156626481&selectedIndex=0&ajaxhist=0

Sharing your family photo....https://tse1.mm.bing.net/th?id=OIP.juE4g9FcU2jDdykqwTIPMQHaDz&pid=Api

[Black Diamond]

Sharing your family photo....https://tse1.mm.bing.net/th?id=OIP.juE4g9FcU2jDdykqwTIPMQHaDz&pid=Api
Why insult pigs ?

[High_Plains_Drifter]

And yet we somehow own China over a trillion dollars.
Link?

[aboutime]

Why insult pigs ?


Right you are. My apologies to all in the world's pig family. Reedak's family photos are often mistaken for SWINE.:laugh::laugh::laugh:

[High_Plains_Drifter]

I got news for for you ... I'm laying nothing on thick. I'm telling it like it IS.

We arbitrarily jack up imports to force US customers to buy our products at inflated prices. In the meantime, we, the consumers are paying for the jacked up import tariffs slapped on us in retaliation.

They aren't going to lose the American consumer money. You see this as an "us or them" thing and refuse to see WHO EXACTLY is going to pay for all these jacked up prices. The American consumer. You don't think businesses are going to import stuff at a higher price at THEIR expense, do you? And you don't REALLY think we aren't going to pay for the jacked up price of steel in our country when US steel went out of business because it couldn't compete on the global market? That alone tells you the steel can be bought by foreign consumers on the foreign market minus Trump's tariff to prop up a failed US industry.

We, the consumers, are going to pay for all this shit. And The employers in this country aren't going to come rushing to the aid of employees to help out their consumer costs.

I really don't give a fuck about America winning some bullshit war where the American people, me being one of them, are the losers. I don't give a damn if these corporations can't make their profit margins. That's THEIR problem. Not the US consumer's and not the US government's business. Simple rule of capitalism: You can't compete you go out of business.

On the global market, it has nothing to do with being American. Our industries suck because of the spoiled brats that work in them and the unions that run them. Other countries are not going to pay to keep our unions fat dumb and happy when they can buy from countries that don't have that overhead.
We could go round and round about this, Gunny, but I'll just say I think you're flat out wrong.

What we'll do is WE'LL SEE. We'll see how this turns out. I think we're ALREADY being fucked. We BEEN getting fucked, and I don't see it as any way that it's been giving us CHEAPER GOODS at the store. I just don't see it.

But whether you're right or I'm right, we'll see... time will tell. I know I'm not going to change your mind and you're not going to change mine. But one thing is for sure, whatever we're importing from overseas, WE can make HERE, and SKIP all that cost of shipping it around the world. All we have to do is make it AFFORDABLE to MAKE HERE, and that's what president Trump is TRYING to do, eliminate the strangling regulations and taxes on American businesses, and I'll tell you what, I don't give a crap if something costs me a little more, if I know it's MADE IN AMERICA, I'll spend the extra money to buy it. I like America, and I also like the idea of spending my money on things made in America to benefit my country.

[aboutime]

https://www.thebalance.com/u-s-debt-to-china-how-much-does-it-own-3306355

US ECONOMY NATIONAL DEBT
U.S. Debt to China: How Much Does It Own?
Exactly How Much U.S. Debt Does China Own? And Why?
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u.s. debt to china
•••
BY KIMBERLY AMADEO Updated March 22, 2018
The U.S. debt to China is $1.17 trillion as of January 2018. That's 19 percent of the $6.26 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $21 trillion national debt is owned by either the American people or by the U.S. government itself.

China holds more than the $1.07 trillion held by Japan. China increased its holdings from $1.05 trillion in January 2017.

Japan decreased its holdings from $1.10 trillion. One reason is because the dollar's value declined in 2017. China could buy more dollars for the same amount of yuan.

In November 2013, China held $1.3 trillion in U.S. debt. China reduced its holdings between then and 2017to allow its currency, the yuan, to rise. To do that, China had to loosen its peg to the dollar. That made the yuan more attractive to forex traders in global markets.

Long-term, China wants the yuan to replace the U.S. dollar as the world's global currency. China is also responding to accusations of manipulation. Most countries want their currency values to fall so they can win the global currency wars. Countries with lower currency values export more. Their products cost less when sold in foreign countries.

Before February 2014, China had been strengthening the yuan to dollar conversion in response to U.S. pressure. But it reversed course when the dollar rose 25 percent in 2014 and 2015, creating an asset bubble.

Sine the yuan was pegged to the dollar, the increase dragged the yuan's value with it. China had to lower the yuan to remain competitive with other emerging markets that had free-floating currencies. In 2018, the dollar began weakening again. China can allow the yuan to rise without hurting its competitiveness with its neighbors.

China has consistently held more than $1 trillion in U.S. debt every year since 2010. That's when the Treasury Department changed how it measures the debt. Before July 2010, Treasury reports show China held $843 billion in debt. This makes it difficult to make long-term comparisons.

How China Became One of America's Biggest Bankers
China is more than happy to own almost a fifth of the U.S. debt owned by foreigners. Owning U.S. Treasury notes helps China's economy grow by keeping its currency weaker than the dollar. It keeps Chinese exports cheaper than U.S. products. China's highest priority is creating enough jobs for its 1.4 billion people.

The United States allowed China to become one of its biggest bankers because the American people enjoy low consumer prices. Selling debt to China funds federal government programs that allow the U.S. economy to grow. It also keeps U.S. interest rates low. But China's ownership of the U.S. debt is shifting the economic balance of power in its favor.

Why China Owns So Much U.S. Debt
China makes sure the yuan is always low relative to the the U.S. dollar. Why? Part of its economic strategy is to keep its export prices competitive. It does this by holding the yuan at a fixed rate compared to a "currency basket" of which the majority is the dollar.

When the dollar falls in value, the Chinese government uses dollars it has on hand to buy Treasuries. It receives these dollars from Chinese companies that receive them as payments for their exports. China's Treasury purchases increases demand for the dollar and thus its value.

Also, China promises to redeem dollars for yuan at the fixed rate. It must keep a good supply of Treasury notes in reserve to do that.

China's position as America's largest banker gives it some political leverage. Now and then, China threatens to sell part of its debt holdings. It knows that if it did so, U.S. interest rates would rise. That would slow U.S economic growth. China often calls for a new global currency to replace the dollar, which is used in most international transactions. China does this whenever the United States allows the value of the dollar to drop.

That makes the debt China holds less valuable.

What Happens If China Called in Its Debt Holdings
China would not call in its debt all at once. If it did so, the demand for the dollar would plummet like a rock. This dollar collapse would disrupt international markets even more than the 2008 financial crisis. China's economy would suffer along with everyone else's.

It's more likely that China would slowly begin selling off its Treasury holdings. Even when it just warns that it plans to do so, dollar demand starts to drop. That hurts China's competitiveness. As it raises its export prices, U.S. consumers would buy American products instead. China could only start this process if it further expands its exports to other Asian countries and increases domestic demand.

China's Debt-Holder Strategy Is Working
China's low-cost competitive strategy worked. Its economy grew 10 percent annually for the three decades before the recession. Now it's growing at 7 percent, a more sustainable rate. China has become the largest economy in the world. It's outpaced the United States and the European Union. China also became the world's biggest exporter in 2010. China needs this growth to raise its low standard of living. Despite its threats, China will continue to be one of the world's largest holders of U.S. debt.

[Gunny]

We could go round and round about this, Gunny, but I'll just say I think you're flat out wrong.

What we'll do is WE'LL SEE. We'll see how this turns out. I think we're ALREADY being fucked. We BEEN getting fucked, and I don't see it as any way that it's been giving us CHEAPER GOODS at the store. I just don't see it.

But whether you're right or I'm right, we'll see... time will tell. I know I'm not going to change your mind and you're not going to change mine. But one thing is for sure, whatever we're importing from overseas, WE can make HERE, and SKIP all that cost of shipping it around the world. All we have to do is make it AFFORDABLE to MAKE HERE, and that's what president Trump is TRYING to do, eliminate the strangling regulations and taxes on American businesses, and I'll tell you what, I don't give a crap if something costs me a little more, if I know it's MADE IN AMERICA, I'll spend the extra money to buy it. I like America, and I also like the idea of spending my money on things made in America to benefit my country.I'm not wrong. We, the consumers, are going to pay for it. Watch. The winners will be the corporations the government puts under its umbrella of protection. That's not us. Our role in the play is to bankroll it.

[Black Diamond]

I'm not wrong. We, the consumers, are going to pay for it. Watch. The winners will be the corporations the government puts under its umbrella of protection. That's not us. Our role in the play is to bankroll it.
Would you pay a little more to have more American jobs ? Or better American jobs ?

[High_Plains_Drifter]

I'm not wrong. We, the consumers, are going to pay for it. Watch. The winners will be the corporations the government puts under its umbrella of protection. That's not us. Our role in the play is to bankroll it.
Aaaaah c'mooon, man, we don't know you're not wrong yet... :rolleyes:

We'll see...

[aboutime]

I TRUST DONALD TRUMP. He sounds more like all of us, than every other American, Lying Politician. The Democrats hate him, and Liberals hate him. The Hate Trumpers hate him, BECAUSE....THEY CANNOT STAND TO BE TOLD, OR SHOWN THE TRUTH.
https://i.pinimg.com/736x/73/b1/af/73b1afb2bd830f916bafc2a65f34298e--truth-hurts-liberalism.jpg
https://i.pinimg.com/736x/23/5d/dd/235ddddd14a584941c171e2c02a66fe9--political-views-political-satire.jpghttps://2.bp.blogspot.com/-hQ044yT6eXg/VFGeVkma_8I/AAAAAAAAAdI/lK1Z-T7_cmc/s1600/Truth.jpghttps://pics.esmemes.com/the-truth-is-hate-speech-for-those-who-hate-the-31461399.png