How is it not a trade issue when an entire industry is banned from competing? It’s literally a ban on trade which is worse than a tariff.
Do you think agreeing to allow other countries to have more and higher tariffs on US goods while doing nothing about it was putting America first?
That’s false dichotomy:
Either we do what Trump is doing, or we do nothing.
Here’s a golden rule: if the stock market goes up because of an action, then it is something well-intended. If it goes down, then it’s a fool’s move.
I don’t care if America is right or wrong or should put itself first. I only care about how the stock market perceives each move.
I thought you don’t care about daily movements and only care about long term?
@manch I’m not seeing any proposals from people. Just criticism that Trump is wrong. For Trump to be wrong, then you need to propose something better. The status quo wasn’t working, and we’ve seen the results over the last 2 decades.
Tariffs and Trump are bad for long term.
Tariffs aren’t the end goal. If there were zero tariffs between US/China and US/Mexico, would the market go higher or lower?
This is a wrong assumption. Trump is using tariffs to punish China and Mexico not because of their tariffs, but because of other things. He will eliminate tariffs only if China and Mexico agree to those things and not to eliminate mutual tariffs.
Trump is a disaster for the global economy because he harms it as a mean to further his own political agenda.
TPP was the best way to go. To this date smaller nations like Australia still feel betrayed by the US.
There’s no strategy from Trump. This new Mexico tariff is beyond stupid. So the way to get China back to the negotiating table is to open another front? Huawei ban is also stupid. The only thing it did is to infuriate the Chinese. The hardliners in China won the argument: US can’t be trusted.
Trump is an evil monster. Someone please go assassinate him.
Do you agree with the statement below?
A company operating in a country should comply with whatever regulations of that country.
The country bans them from even competing, so it’s not an option.
Trump just opened one more front in trade war. It’s Trump vs World.
Would be hysterical if China joins TPP and shuts US out.
That statement includes whether to open the market, pace and extent because of its stage of development and other macro considerations.
RChina can NEVER EVER be a free market economy , within its current form of government. If it does, it will lose control.
So China banning entire sectors is ok, but the US banning Huawei is wrong? That seems to be the consensus here. That fails even the most basic checks for logic and sanity.
There are different meanings of “banning”, something you refused to consider.
Banning can mean not allowing a company to operate in a country. China doesn’t allow its citizens to access Facebook and Google is one example. US doesn’t allow the big 4 American telecom companies to use Huawei gears is another.
Banning can also mean not allowing any companies to do business with the banned company. The term sanction is actually a better word. The recent US ban on Huawei is a prominent example. US doesn’t allow any American companies to supply to huawei. It also doesn’t allow any foreign companies that do business in America to supply to Huawei.
It would be like China doesn’t allow Lenovo to sell computers to Google and Facebook, which China didn’t do.
That is a big difference in circumstances and actions (refer to @manch later post), surprise you make this statement. I won’t parallel this way. Frankly, I believe China will open the financial market eventually, just not at the pace that US insists. US is too use to telling other nations what to do, didn’t realize that they are behaving like Neo-colonists.
In other words, forcing China to be a free market economy is forcing China to change its form of government. This is interfering with China internal affairs. So Trump action is akin to a Neo-colonial behavior.
A company operating in a country should comply with whatever regulations of that country.
US’s ban on Huawei to enter US market was not a big issue for Huawei. Actually Huawei’s presence in US is negligible to begin with due to Cisco’s lobby. The real issue is the “entity list” which cut off Huawei from many major components and software.
Let me try another way to explain the difference.
China banning Google and Facebook doesn’t hinder Google and Facebook’s operations in other countries. China merely says we don’t want you to be in our country. You are free to do business elsewhere.
US banning Huawei is trying to destroy Huawei. It’s designed to cripple Huawei’s operation anywhere in the world.
Still don’t see the difference?
China is ok with FB/Goog dominating the world outside China. US is not ok with Huawei domination outside America.