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  • hangook77
  • The Legend

    • 3671

    • September 14, 2017, 09:10:12 am
    • Near Busan
China says 'it is only polite to reciprocate' to US tariffs.
« on: April 04, 2018, 02:41:34 pm »
China says 'it is only polite to reciprocate' to US tariffs - https://www.cnbc.com/2018/04/03/china-says-it-is-only-polite-to-reciprocate-to-us-tariffs.html


Ha ha.  Good luck China.  You're slapping tarriffs on pork, soybeans, etc.  You don't produce enough food to feed your billion people.  Also Chinese people don't trust the food production in China.  So you just screwed yourself with that boneheaded move.  It hurts you more than America.  Ha ha.


  • Kyndo
  • Moderator LVL 1

    • 2293

    • March 03, 2011, 09:45:24 am
    • Gyeongsangbuk-do
Re: China says 'it is only polite to reciprocate' to US tariffs.
« Reply #1 on: April 04, 2018, 03:13:36 pm »
You're not wrong, but China is relatively self-sufficient compared to most European and Asian countries.
China is reliant on external sources for about 3-8% of their national calories and potable water (while the US is sitting on a comfortable 0%).
     However their potential production is more than enough to provide total sulf-sufficiency in the case of an all out trade-war.(Source)
   It would hurt them economically, definitely, but it's not exactly a Sword of Damocles.
« Last Edit: April 04, 2018, 03:16:01 pm by kyndo »


  • gogators!
  • The Legend

    • 4831

    • March 16, 2016, 04:35:48 pm
    • Seoul
Re: China says 'it is only polite to reciprocate' to US tariffs.
« Reply #2 on: July 08, 2018, 11:26:05 am »
China says 'it is only polite to reciprocate' to US tariffs - https://www.cnbc.com/2018/04/03/china-says-it-is-only-polite-to-reciprocate-to-us-tariffs.html


Ha ha.  Good luck China.  You're slapping tarriffs on pork, soybeans, etc.  You don't produce enough food to feed your billion people.  Also Chinese people don't trust the food production in China.  So you just screwed yourself with that boneheaded move.  It hurts you more than America.  Ha ha.
Wrong. They'll buy more soybeans from Brazil and even Russia and lots more pork from the EU.

Jamon iberia is tasty stuff.

The real worry is that US exporters won't be able to win back overseas customers once they find other suppliers.

Winning?!?


  • Adel
  • Hero of Waygookistan

    • 1127

    • January 30, 2015, 12:50:26 am
    • The Abyss
    more
Re: China says 'it is only polite to reciprocate' to US tariffs.
« Reply #3 on: July 08, 2018, 12:21:20 pm »
They voted for Donald Trump. Now soybean farmers could get slammed by the trade war he started.

Quote
Bret Davis voted for Donald Trump in 2016, as did many of his fellow farmers in central Ohio. But as a brewing Chinese trade war begins to threaten U.S. exports, Davis fears his fifth-generation farm will suffer.

The farm, where Davis and his stepson grow 1,300 acres of soybeans, corn and wheat for Ritz crackers, may not withstand the long-term drop in crop prices a trade war could bring, Davis said. And although he supports President Trump's goal of making foreign trade more “balanced,” he's increasingly concerned that Trump's methods could harm the rural Americans who helped put him in office..........

https://www.washingtonpost.com/news/wonk/wp/2018/04/05/they-voted-for-president-trump-now-soybean-farmers-could-get-slammed-by-the-trade-war-he-started/?utm_term=.87d2175a76a8


Re: China says 'it is only polite to reciprocate' to US tariffs.
« Reply #4 on: July 08, 2018, 05:34:22 pm »
They voted for Donald Trump. Now soybean farmers could get slammed by the trade war he started.

Quote
Bret Davis voted for Donald Trump in 2016, as did many of his fellow farmers in central Ohio. But as a brewing Chinese trade war begins to threaten U.S. exports, Davis fears his fifth-generation farm will suffer.

The farm, where Davis and his stepson grow 1,300 acres of soybeans, corn and wheat for Ritz crackers, may not withstand the long-term drop in crop prices a trade war could bring, Davis said. And although he supports President Trump's goal of making foreign trade more “balanced,” he's increasingly concerned that Trump's methods could harm the rural Americans who helped put him in office..........

https://www.washingtonpost.com/news/wonk/wp/2018/04/05/they-voted-for-president-trump-now-soybean-farmers-could-get-slammed-by-the-trade-war-he-started/?utm_term=.87d2175a76a8
And they'll continue to support him because he's only doing what he'd said he'd do, even though they probably didn't fully understand the ramifications of those actions.  On the other hand, they might be just fine.
Quote
President Donald Trump’s aides are looking at ways to use the Commodity Credit Corporation (CCC), a division of USDA created in 1933, to offer a financial backstop for farmers. Another option is “Section 32” funds. The possible aid would be a way to protect farmers if China and/or other countries officially implement tariffs on U.S. agricultural products.

CCC can borrow up to $30 billion from the Treasury Department and extend that money to farm groups. If U.S. farmers see orders from China plummet because both countries create new layers of tariffs on imports, the White House previously said it wants to set up an assistance program for the U.S. ag sector, including the livestock industry, row crop producers and fruits and vegetable farmers impacted.
https://www.agweb.com/article/trump-administration-considering-tariff-payments-to-farmers/


Re: China says 'it is only polite to reciprocate' to US tariffs.
« Reply #5 on: July 08, 2018, 06:33:21 pm »
Even more farming subsidies; That’s precisely the American Greatness they’ve been clamouring for!

End social services! Give me a Subsidy!


  • gogators!
  • The Legend

    • 4831

    • March 16, 2016, 04:35:48 pm
    • Seoul
Re: China says 'it is only polite to reciprocate' to US tariffs.
« Reply #6 on: July 09, 2018, 01:00:41 am »
Brother, can you spare a few billion? I can't make a living on these 1,000 acres.