Half trillion tariff! No matter how you look at it, China golden age are goner!

Posted by ... Tom > 2018-07-11 14:43 | Report Abuse

Once upon a time, Japan was so great we really thought Japan would take over the world! But then, Japan can't compete with China in term of cost and price! Today, Japan has lost out! Today we anticipate China to take over the world! China is so wealthy now, even Xi has super expensive hobby of militarization the whole world! Well, once half trillion tariff kicks in, i doubt think China has enough money to keep that little island in South China Sea! Hence drastic scale down of it's military bases around the world! Eventually, China will blink and they will have to compete with new competitors from Latin America, Indonesia, Phillipines and so forth because they are cheaper! For MNCs, it's all about cost! And China is getting expensive, with tariff, China is just too expensive! So don't believe those well paid mainsteam media! They are only doing what they are paid for!

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4 comment(s). Last comment by Up_down 2018-07-11 15:17

... Tom

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Posted by ... Tom > 2018-07-11 14:51 | Report Abuse

During Obama times, China play US so bad, they treat Obama like dirt! China even gave public snub to Obama because they think US was very weak and lame! Today, China face their greatest opponent! Donald don't give face to China! That's why China willing to spend billions to mainstream media and US lobbyists to fight Donald Trump! It's just huge ego thingy that China so used to getting away! Not anymore!

Up_down

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Posted by Up_down > 2018-07-11 15:05 | Report Abuse

10% tariff on China products would do nothing much damage to China since manipulation can be done through depreciation of currency. CNY has depreciated from 6.27 in Apr 2019 to 6.66 until now or 6%. It could drop further to maintain competitiveness in the market. If Trump really want to go for a destructive trade wars, he would have imposed 25% on US 200 billion value of goods. lol

... Tom

888 posts

Posted by ... Tom > 2018-07-11 15:09 | Report Abuse

Updown! Yup! So the panic today is just knee jerk reaction! But bare in mind, Donald Trump already said that this is just the beginning! So 25% across board may materialize!

Up_down

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Posted by Up_down > 2018-07-11 15:17 | Report Abuse

.... Tom. Not to forget Chinese are quite patriotic when their government medias heat up and call for boycott against US big corporations ie Starbuck, Macdonald, Apple.... It would have huge impact to US too.

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