Tuesday, 11 December, 2018

Why China is confident it can beat Trump in a trade war

China and US trade war goes heavy duty			
				 
   by Joe Mcdonald 
  Published China and US trade war goes heavy duty by Joe Mcdonald Published
Andrew Cummings | 08 April, 2018, 01:14

"If dramatic changes in its trade policy regime aren't made, China's approach to seizing advantage in the marketplace will put United States businesses at a competitive disadvantage, threatening the long-term prosperity, economic growth and job creation here at home", he said. China wasted no time saying it would punch back with $50 billion in tariffs on 106 products it imports from America.

Pres. Trump said the stock market might endure "a little pain" as he protects USA trade interests, and Treasury Secretary Mnuchin told CNBC he was not focused on short-term market swings and conceded the possibility of a trade war with China.

China's list names cars, aircraft, soybeans, corn, sorghum, whiskey, beef, tobacco, cotton and plastic products, according to a CNBC translation. "The president has said enough is enough". Also at risk are foreign firms that produce in the U.S. Germany-based BMW sends 89,000 vehicles annually from the U.S.to China, the Associated Press reported, while Daimler AG's Mercedes-Benz ships 65,000.

Trump imposed the first set of tariffs on Chinese goods to punish the country for intellectual property theft that he says has caused the US economic damage.

USA citizens will pay plenty for it.

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We have also created an interactive dashboard analysis which outlines our expectations for Tesla over 2018. What took our team five years for S/X, took only nine months for Model 3.

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The White House blamed China on Friday for trade practices it said were illegal and unfair.

US farmers, too, stand to lose their biggest trading partner.

Brazilian economy sectors whose products were affected by higher taxes imposed by China on American goods are still calculating their gains.

A second point to be considered is the large export capacity of the United States, which Brazil will not be able to replace. The central bank official also noted that the United States labor market appeared close to full employment, which could spell an inflationary period that would elevate price levels.

The public has until May 11 to submit comments on the proposed list of USA tariffs, with a hearing scheduled for May 15.

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