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

hiya Sohei my friend,

we'll see if he's correct.

i don't have the same faith in the mettle of US citizens in this matter. in a war of economic attrition between China and the US, i'm worried that we'll cry "uncle" first.

this may be a humiliating experience for my country.

- IGIT

The US will only cry uncle if it fucks all of its major trade partners at the same time. Pulling out of the TPP was the first major mistake, but then fucking around in its own backyard with NAFTA and its biggest allies in the Eurasian continent.
 
It’s funny people criticizing trump on the basis that he might not be tough enough on China...when he is the only president to make any attempt whatsoever to stop China from eclipsing us in every facet.

If it wasn’t for trump we wouldn’t even be discussing it...I’d say trump is just the man to take on China

We're still pissed off about this, because it was so glorious and he let them off the hook.

Ars Technica: The Trump Administration Just Forced Smartphone Maker ZTE To Shut Down

One of the leading Chinese smartphone makers, ZTE, is shutting down global operations in the face of crippling sanctions levied by the US government. ZTE is China's number-two smartphone maker, and as recently as last year it was the number-four smartphone vendor in the US.

"The major operating activities of the Company have ceased," ZTE wrote (PDF) in a Wednesday announcement to stock market traders in Hong Kong.

ZTE's business became untenable after a US government order banned American companies from exporting technology to the Chinese smartphone maker. ZTE is heavily dependent on US-made components, especially Qualcomm chips and Google's Android software stack.

Last year, ZTE admitted to an elaborate multi-year scheme to sell US-made technology to Iran and North Korea in violation of US sanctions laws. ZTE paid $890 million in penalties and said it was in the process of disciplining dozens of senior company officials who had orchestrated a scheme to violate US sanctions laws.


But last month the Trump administration accused ZTE of continuing to lie to the US government even after last year's guilty plea. The company told the US government that the guilty executives had received letters of reprimand and had had their 2016 bonuses reduced. But the US now says that was a lie—many of the employees received full bonuses, and they didn't receive letters of reprimand until early 2018—after the US government challenged ZTE on the issue.

In the April 15 order activating the export ban against ZTE, US Commerce Department official Richard Majauskas wrote that ZTE had demonstrated a "pattern of deception, false statements, and repeated violations." A July 2017 letter to US officials was "brimming with false statements," he said.


For the love of fuck, kill that cockroach.

Ari-Gold-Get-The-Fuck-Out.gif
 
The US will only cry uncle if it fucks all of its major trade partners at the same time. Pulling out of the TPP was the first major mistake, but then fucking around in its own backyard with NAFTA and its biggest allies in the Eurasian continent.

hi there Rod1,

that appears to be President Trump's game plan.

this is why i am worried this will lead to a humiliating outcome for Americans.

- IGIT
 
China has already bought $2+ trillion in US real estate in the last decade. It's a bit silly to tax $50b in goods if the point is to challenge or reduce China's control on America- way too late for that.

We should confiscate non-citizen Chinese-owned properties by the thousands if the point is to hurt them(which will have a dual benefit of opening up the seller's market to American buyers).

Fuck China. Fuck Chuck Schumer. Fuck Donald Trump. Fuck the DNC. Fuck the RNC. They all have one thing in common: they're the enemy of the American middle class.
 
Peter Zeihan stays killing it.

"The T-bill bomb that many have suggested is China’s supposed ace is utter rubbish. The logic is that in a real spat the Chinese, the second-largest foreign holder of U.S. government debt, could just dump some of the U.S. T-bills it holds on the market and crash the U.S. economy. That’s not how things work.

You cannot just walk up to the U.S. Treasury building and demand your money back; it’s a fixed term note.

Any interim sale of a T-bill to another party has to have a buyer. No buyer, no sale.

China could theoretically try and sell its T-bills whenever the U.S. Treasury was trying to sell new debt and that would raise the cost of U.S. financing. But not only is the U.S. T-bill market the largest in the world so it would have to be a big sale, but what would “massive” success bring? It would push down the value of the U.S. dollar.

Considering the Chinese regularly intervene in their markets to push the U.S. dollar up so that they can sell more goods into the U.S. market, it would work at cross purposes to the set of Chinese policies that make the Chinese economy possible.

And of course, the U.S. Federal Reserve can simply mop up the T-bill market if it chooses by printing currency. It’s a perk of running the global currency."
 
I think we have leverage to bend China to our will, but we should he honest about the cost. China is not without recourse.

Playing hardball with China will leave our SE Asian allies with their asses hanging in the wind.


Not if we helped them out. But having allies seems to be the opposite of the goal of trump
 
The Semiconductor Industry Association (SIA) is understandably shaken by all this aggressive trade war rhetoric and action. Just as with US agriculture it won't come without some blows, but the short term losses are beyond worth the long term cause and benefit here, this shit cannot continue. There's a lot of talk about Boeing (America's biggest exporter that keeps 90% of its global workforce based in the US) getting caught in the crossfire, but as CNBC pointed out there are literally a dozen airline purchasers who would love to get in the queue if China drops out. They've also got countless billions in DoD and NASA contracts to fall back on.
 
Peter Zeihan stays killing it.

"The T-bill bomb that many have suggested is China’s supposed ace is utter rubbish. The logic is that in a real spat the Chinese, the second-largest foreign holder of U.S. government debt, could just dump some of the U.S. T-bills it holds on the market and crash the U.S. economy. That’s not how things work.

You cannot just walk up to the U.S. Treasury building and demand your money back; it’s a fixed term note.

Any interim sale of a T-bill to another party has to have a buyer. No buyer, no sale.

China could theoretically try and sell its T-bills whenever the U.S. Treasury was trying to sell new debt and that would raise the cost of U.S. financing. But not only is the U.S. T-bill market the largest in the world so it would have to be a big sale, but what would “massive” success bring? It would push down the value of the U.S. dollar.

Considering the Chinese regularly intervene in their markets to push the U.S. dollar up so that they can sell more goods into the U.S. market, it would work at cross purposes to the set of Chinese policies that make the Chinese economy possible.

And of course, the U.S. Federal Reserve can simply mop up the T-bill market if it chooses by printing currency. It’s a perk of running the global currency."

Good to see you finally saw the light on your "Bretton-Woods still being relevant" non-sense.
 
I can't help but feel that throwing out tariffs on everyone is going to hurt your cause, surely you have to pick and choose on some kind of strategy.

But perhaps the strategy is to have none at all, and they can't know what you're about to do if you don't know either.
 
Good to see you finally saw the light on your "Bretton-Woods still being relevant" non-sense.

In what way? There's no alternative to the USD as the reserve currency even if America goes isolationist which has been happening at an extraordinary rate almost exactly as predicted -- and before Trump won the election at that.
 
There's all kinds of other domestic fuckery going on.

https://www.bloomberg.com/amp/news/...de-hearing-hinges-on-5g-and-national-security

Apple Inc. must persuade a U.S. trade judge that iPhones that contain Intel Corp. chips should be allowed into the country, even if they infringe a Qualcomm Inc. patent. That’s the challenge facing the world’s largest publicly-traded company, laid out Friday in a U.S. International Trade Commission hearing in Washington, part of a long-running legal battle between Apple and Qualcomm.

Staff lawyers with the ITC recommended that Judge Thomas Pender rule that Apple violated one of three Qualcomm patents -- for a battery-saving feature. However, the staff also said Intel-based iPhones that have next-generation technology known as 5G should be allowed into the country to not cede ground to China.

Lawyers for the two tech giants squared off Friday in one of some four dozen legal cases pending worldwide, all of them linked to a licensing dispute over the technology that allows mobile devices to communicate. A victory for either side in this case could help tilt negotiating power in the others. Pender said he thought the companies were “crazy” for letting it get to this point. He will issue his findings in the fall and a final ruling isn’t expected until early next year.

The ITC has the authority to block products from entering the country that infringe U.S. patents, though it also has to consider the broader impact on the economy and the public. Staff lawyer Lisa Murray said that iPhones with Qualcomm chips -- which Apple already sells -- could replace those with Intel chips in the market. A bigger question, she said, was how a ban would affect the U.S.’s race to stay ahead of China in 5G and whether that would be in the nation’s best interest.

“If Intel is taken out of the 5G race, this would slow the pace of U.S. innovation,” Murray said. She recommended that future iPhones with 5G be exempt from any import ban, saying that “Apple and Intel would have continued incentive to invest in 5G.”

Pender said he tends to agree with the staff lawyers, who act as third parties in these cases.

Qualcomm has said the chipmaker was forced to take action when Apple ordered its suppliers to stop paying their licensing fees, which bring in the bulk of its profit; Apple wants to cut its costs as the global smartphone market slows.
 
How dare he protect America's interest and stop the lowering of the bar for humanity.. Who does he think he is, a Democrat from 5-20 years ago with the balls to actually stop the "world economy" from scamming America and screwing over American workers?
 
America First you losers. How many times I gotta tell yeah.
 
In what way? There's no alternative to the USD as the reserve currency even if America goes isolationist which has been happening at an extraordinary rate almost exactly as predicted -- and before Trump won the election at that.

You posted an individual that acknowledges the fact that the Fed can simply finance the deficit through money printing.
 
You posted an individual that acknowledges the fact that the Fed can simply finance the deficit through money printing.

I don't think I ever denied that though? Only that there are burdensome aspects to being the world's reserve currency (like running a trade deficit) which no other country is willing or even realistically capable of taking on. The Fed can do a lot of things that have tremendous impact on the global economy at large, particularly as it pertains the liquidity of financial markets.
 
Peter Zeihan stays killing it.

"The T-bill bomb that many have suggested is China’s supposed ace is utter rubbish. The logic is that in a real spat the Chinese, the second-largest foreign holder of U.S. government debt, could just dump some of the U.S. T-bills it holds on the market and crash the U.S. economy. That’s not how things work.

You cannot just walk up to the U.S. Treasury building and demand your money back; it’s a fixed term note.

Any interim sale of a T-bill to another party has to have a buyer. No buyer, no sale.

China could theoretically try and sell its T-bills whenever the U.S. Treasury was trying to sell new debt and that would raise the cost of U.S. financing. But not only is the U.S. T-bill market the largest in the world so it would have to be a big sale, but what would “massive” success bring? It would push down the value of the U.S. dollar.

Considering the Chinese regularly intervene in their markets to push the U.S. dollar up so that they can sell more goods into the U.S. market, it would work at cross purposes to the set of Chinese policies that make the Chinese economy possible.

And of course, the U.S. Federal Reserve can simply mop up the T-bill market if it chooses by printing currency. It’s a perk of running the global currency."

I don’t get why this point is so rarely made.
 
Piss off all your allies before a looming trade war with China is some grandmaster 4D chess strategy. I assume Murica plans to fight everybody at the same time?
 
Can anyone explain why I can buy a useless $0.50 item from ebay with free shipping to north America.. yet if I try to ship the same item back to China it costs 10x as much?

There seems to be MASSIVE amounts of trade inequality. China as a manufacturer and exporter is being propped up hard no?
 
Trump should have taken Trudeau's approach of preaching about equality, diversity and feminism to China. It worked out really well for Canada.


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