sup Jow Forums
whats your take on the trade war between the US and China?
When will China announce their measures of retaliation? Which goods will be affected?
What do you think will happen to indices, crude oil, FX markets in the next days/weeks?
Trade Wars, Markets
John Lewis
Matthew Robinson
>When will China announce their measures of retaliation?
They already did! They are going for tit for tat measures, no more, no less - which is smart.
>Which goods will be affected?
Remains to be seen.
US Leverage
>Importing less net goods means they can put more tarriffs than China. Full Stop.
>More than half of Chinese Forex Reserves are in USD, making securities sell off a double edged sword
>Trade War is potentially politically popular in marginal constituencies
>Trump could trash North Korea concessions, China wants peace on the Peninsula more than US wants it. (Having U.S. Troops on your doorstep isn't fun)
Chinese Leverage
>Many U.S. companies depend on Chinese companies for components, China could start putting tariffs on EXPORTS to U.S. disrupting US businesses
>Building on from that point: Chinese Dictatorship means that they can make politically unpopular or short-term economically devastating decisions where as Apple and Koch Brothers will lobby US congress hard if their bottomlines are clipped too much
>Possibility of artificially devaluing the Yuan to mollify effects of Tarrifs
Thomas Watson
wait scratch that 'remains to be seen' - I misread your posts. I'm looking for the specific goods they've announced retaliatory tariffs on.
Luis Bell
Trump wins he wants to build a space army.
Caleb Thompson
It's good.
America's trade deals are basically foreign aid. Just look at the US' trade deficit.
Jacob Jones
wow, didnt expect such an elaborate answer
thanks bro
Jeremiah Lee
No worries.
>Which goods will be affected?
>China said it will impose additional tariffs on 659 U.S. goods, with duties on 545 of them to kick in on July 6, after Trump said Washington will impose tariffs on $50 billion of Chinese products.
>Beijing’s planned tariffs would add to duties it had already slapped on 128 U.S. goods, such as pork, fruits and nuts, in reaction to Trump’s earlier move to impose taxes on Chinese steel and aluminum.
>The U.S. goods affected on July 6 also include pork and fruit, as well as basedbeans, autos and a wide array of marine products.
reuters.com
>Hours later -- early Saturday in China -- the nation’s Finance Ministry issued a list of 545 product categories, also covering about $34 billion in exports from the U.S., to be subject to an additional 25 percent tariff starting July 6. They included a variety of agricultural products, including basedbeans, corn and wheat along with beef, pork and poultry, plus automobiles. A second set of tariffs to begin at a later date spanned other goods including coal, crude oil, gasoline and medical equipment.
bloomberg.com
Asher Foster
you mean the US trade war with China, EU, and Canada.
trump will chicken out as soon as shit hits the fan and then take credit for bringing peace
Daniel Gomez
Damn wordfilter
>s()ybeans
No word on what effect this will have on American estrogen levels, hue hue hue
Jayden Thompson
will read through that thx