Murka. China. IT'S ON. [US Dials Up On Another $200 Billion Plus Another Possible $200B For $450B]

[V-2]

 

[V-2]

"It's one thing to retaliate with $50 billion here and $50 billion there but when the US President trots out another $200 billion, that's quite concerning," Max Baucus, former U.S. ambassador to China under President Barack Obama, told CNBC.

"This reminds me little bit of an old western... If there's a gunfight trade war, somebody's going to get hurt," he continued: "Trump is going to have to find some way to back down and let China save face so that both sides can back down gradually and respectfully."

How about $450 billion indefinitely.

Shut down ZTE and Huawei too.

 

[V-2]

U.S. Lawmakers Warn Canada About Chinese Telecom Giant Huawei

Huawei Issues Open Letter To Australia Over Security Concerns

 

[V-2]

A list of Trump's demands, not exactly face saving:

China will unilaterally increase its imports of U.S. goods by at least $100 billion.

China will immediately cease protections and subsidies for any sectors related to its Made in China 2025 central economic plan, as well as eliminate tariff and non-tariff barriers on those sectors.

China will accept that it is a non-market economy under WTO rules (which would allow the United States to apply protective tariffs against Chinese exports).

China will accept American restrictions on Chinese investment-led acquisitions in the United States.

China will cease all technological/cyber theft as well as cease any and all policies which aim to force American firms to share technologies with China.

China will accept American quarterly reviews on all trade policies, and pre-commit to cooperation with American findings.

China will submit rosters of goods shipped to third countries so that China may not do end-runs around American import restrictions.

China will abandon all WTO cases it has prosecuted against the United States as regards any of the above issues and preemptively agree to launch no new ones.

 

[V-2]

https://qz.com/1247295/the-man-behind-trumps-trade-war-once-negotiated-with-a-paper-airplane/amp/

US trade representative Robert Lighthizer is the man lurking in the shadows of Donald Trump’s trade offensive on China.

The veteran international trade lawyer is known to share several traits with the US President, not least of all his skepticism of free trade, his belief that the US has been treated unfairly in trade agreements, and his belligerence.

These qualities are seen clearly in a story about Lighthizer from 1985, when he was the deputy trade representative under Ronald Reagan. Negotiating on steel imports, the rep showed his disdain for an offer from the Japanese by sending it flying back. According to the Wall Street Journal, after that, Lighthizer became known as “the missile man” in Japan.

Bloomberg described the moment:

"The trade talks on steel imports were dragging on, and Robert Lighthizer didn’t care for the Japanese offer. So he folded it into a paper airplane and launched it across his desk at Japan’s lead negotiator… The 1985 deal capped weeks of negotiations in which Lighthizer, then the deputy U.S. Trade Representative, shocked his Japanese counterparts with rough-hewn jokes and wore them out with his disdain for their proposals, former colleagues recalled. During one Japanese presentation, he devoted his attention to playfully disassembling his microphone."

 

[Cojopi Extomino]

Got a good hand and now, boom: “all in, and the rest in my wallet. And I raise my shoes and my car too. Go ahead, CALL. I dare you.”

Waiting for China’s response will be exciting, in a ‘cop driving the car you were going to jail in just died’ kinda way.

 

[pinger]

Bye China.

How The US Plans To Replace China As The World's Largest Manufacturer

The United States, the world's second largest manufacturer with a 2017 industrial output reaching a record of approximately $2.2 trillion, will reportedly apply Industry 4.0 technologies to replace China as the world's largest manufacturer. This is what leading research firm Industry 4.0 Market Research reveals in its new report

The United States, the world's second largest manufacturer with a 2017 industrial output reaching a record of approximately $2.2 trillion, will reportedly apply Industry 4.0 technologies to replace China as the world's largest manufacturer. This is what leading research firm Industry 4.0 Market Research reveals in its new report.

The report forecasts that the US Industry 4.0 market will grow at a CAGR of 12.9% during 2016-2023, in hopes of dominating the manufacturing race against China once again. China displaced the United States as the largest manufacturing country in 2010.

In the US, every dollar earned in manufacturing reportedly contributes $1.4 to the economy and for every manufacturing job created, approximately 2 jobs are created in other fields. Therefore, the US considers growth of the manufacturing sector a major success for the economy and is ready to invest considerable budgets to achieve it. It is understood that any efforts to reinvent US manufacturing by leveraging Industry 4.0 technologies to create smart factories will have a substantial impact on US economic growth.

Restoring manufacturing jobs to the United States struggling Rust Belt communities and corporate tax cuts were two of President Donald Trump's biggest campaign promises. It is expected that Trump's administration will follow Obama's Industry 4.0 policy (2011): the formation of the Advanced Manufacturing Partnership (AMP), a national effort bringing together industry and the federal government to invest in Industry 4.0 technologies.

The Industry 4.0 transformation holds immense potential. Smart factories allow individual customer requirements to be met, so that even one-off items can be manufactured profitably. In Industry 4.0, dynamic business and engineering processes enable last-minute changes to production and deliver the ability to respond flexibly to disruptions and failures on behalf of suppliers. With more efficient and optimized production in manufacturing, the entire sector is likely to thrive and rise again as a frontrunner of the US economy.

NOTE: The US 'Industrial Output' mentioned in the article doesn't take into account mining (oil and gas extraction) nor construction from what I can tell, which would actually bring the 2017 GDP output figure to around $3.65 trillion which is consistent with the CIA World Factbook.

That article is hilarious.

Written by a lobby group (who no doubt donated Bigly to Trump) reckons they will soon be winning when Trump adopts their proposals (no doubt with some massive tax and cost benefits for the lobby groups members) . It is all so simple.

Who thought winning could be so easy? All they need is to download the Industry 4.0 Update (TM) and China is BTFO.

 

[cincymma79]

Tariffs are and when the us does it but everyone should have hem against the us. That’s fine

 

[V-2]

That article is hilarious.

Written by a lobby group (who no doubt donated Bigly to Trump) reckons they will soon be winning when Trump adopts their proposals (no doubt with some massive tax and cost benefits for the lobby groups members) . It is all so simple.

Who thought winning could be so easy? All they need is to download the Industry 4.0 Update (TM) and China is BTFO.

The article is separate from the global research firm's report, the policy is a continuation of Obama's 2011 Advanced Manufacturing Partnership initiative and the image at the top is actually related to neither, but instead a different report predicting roughly the same outcome from Boston Consulting Group like six years ago that just simply had a fitting ring to it. The US will be the most competitive manufacturing country by 2020, which was explained largely by another separate and accompanying article but yeah, partisan politics is so awesome.

 

[Orgasmo]

Well "easy to win" trade war just wiped out all DOW gains in the past 12 months. Thanks to that orange idiot in office and his legion of equally stupid minions.

 

[High Altitude]

Exciting time to be an American. Shit is getting interesting.

 

[V-2]

Well "easy to win" trade war just wiped out all DOW gains in the past 12 months. Thanks to that orange idiot in office and his legion of equally stupid minions.

EZ. China's a glass-jawed Do Nothing Bitch.

www.cnbc.com/amp/2018/06/19/jim-mellon-market-sell-off-in-us-stocks-start-of-major-correction.html

Freshly announced trade tariffs from the White House may be sending stocks into a tailspin, but a market correction is inevitable even without them, billionaire investor Jim Mellon told CNBC's "Worldwide Exchange" on Tuesday.

The trade war worries are "certainly having an effect on the market, but the market is reacting because it's already far too expensive," Mellon said. "The U.S. is selling at 32 times cyclically adjusted price-to-earnings (PE) ratio, which is an all-time high. Surely it's time for a major correction anyway."

Mellon is not alone in suggesting that today's stock market is the most overvalued on record — more so than in 1929, 2000 and 2007.

The chairman of asset management fund Burnbrae Group also pointed to over-complacency in markets and disproportionate buying of what he considered to be highly-inflated assets like tech stocks.

And according to the investing mogul, the trade fears are just an excuse for market players who were already looking to sell.

"There has been far too much complacency, far too many buybacks by corporations of their stock which have supported the market, far too much concentration of ownership, particularly in tech stocks in the U.S. And it's time for a very major correction, which is I think what we're embarking on."

 

[Beechwood]

The trade talks and tariffs on China have been popular. Imagine they will remain so for some time. Wish the stock market was doing better, but seems all markets form the US, China and elsewhere are taking a hit at the moment. I'm guessing the markets will rebound nicely in the near future.

 

[V-2]

http://cepr.net/blogs/beat-the-press/will-china-go-nuclear-on-patent-and-copyrights

Since Donald Trump has apparently discovered that the US imports more than it exports from China, we can put tariffs on more goods than China can. This means that China has to look to other measures to counter Trump's trade war. Most coverage of this issue has neglected to mention China's strongest alternative measure.

The nuclear option, in this case, would be to stop honoring US patents and copyrights. This would be hugely costly to US corporations, especially if they began to export items, like prescription drugs, to the rest of the world. This would likely violate WTO rules, but I suspect China will care about violating WTO rules as much as Trump does.

Anyhow, given this can mean massive savings on drugs and other items for billions of people and a big hit to shareholders in Apple, Pfizer, Microsoft and other high-flying companies, it would go far towards reversing the upward redistribution of income. Like Trump said, it's easy to win a trade war.

 

[V-2]

Exciting time to be an American. Shit is getting interesting.

Where in the fuck is the United States Congress to step in and even attempt to block any of this shit?

Absolutely nowhere to be seen in any tangible way, aside from introducing a bill to reinstate the supply ban on ZTE and shut their global operations back down with renewed sights on another Chinese telecom giant Huawei. Got Chuck Schumer over here backing Trump to the hilt and demanding blood.

 

[Quequeg]

Just wait till China decides to stop buying our debt.

 

[Orgasmo]

EZ. China's a glass-jawed Do Nothing Bitch.

Easy? Most predicted the S&P would hit 3,000 this year, instead we're hovering in mid 2,700. Most of the drops were caused either by Trump's comments or policies, because that idiot couldn't keep his mouth shut. Stocks are at a worse place than at the start of the year, which certainly isn't reflective of corporate earnings. The only logical conclusion? The orange idiot and his fans. Only piss poor morons with no investment portfolio whatsoever would cheer a trade war, since they're broke in the first place.

 

[Cojopi Extomino]

Tariffs are and when the us does it but everyone should have hem against the us. That’s fine

I just wanna take a little time out to let everyone know an actual adult typed out the above, and posted it thinking he had said something insightful. Be scared people. That's what's voting.

 

[Strychnine]

Just wait till China decides to stop buying our debt.

That's when the rubber will meet the road.

 

[Gunny]

Only piss poor morons with no investment portfolio whatsoever would cheer a trade war, since they're broke in the first place.

* Or people who run US factories that are adversely affected by China’s merchantilistic trade practices. Or the people who work in those factories. Or their suppliers and the people who work for their suppliers. Or the service providers who rely on the presence of the those factories and their suppliers for their own businesses. Or the communities (I.e. the schools, retailers, restaurants, movie theaters, etc.) that rely on the economic base -wages, tax revenue, etc. - provided by those factories and supply chain.