Trading wars impact

Yes, I agree, he is an idiot.

MAGA!

So what? Many people do things to hurt themselves.

Looks like tariff on imported steel wont work unless the same tariff is imposed on the steel products as well. Will need another $20 Billion addition in the tariff list!! Expect it soon!

MAGA!

Same news as the one you posted yesterday…what am I missing? :face_with_raised_eyebrow:

I just like saying the word MAGA. MAGA! :smile:

Not as much as “TSLA is a death trap”…:joy:

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Old people :older_man: tend to repeat themselves…

Reminder that China has more tools in its toolbox in a trade war. Don’t just look at headline numbers.

That’s why I was worried about you repeating your mistakes over and over again.

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I’d love to know:

  1. What percent of the cost of a nail is steel?
  2. People have to get nails from somewhere. If 50% of the supply vanishes, where will people get nails? I doubt other manufacturers have enough spare capacity to make up the difference.
  • Tell Chinese consumers to shun US goods - Best of luck with that. What next? Tell Chinese not to invest in US real estate, Yeah, thats gonna work!
    -Create regulatory nightmares for US companies in China - China doesn’t need to do that. Its already much worse for US corporates there. Why expose yourself by making it official.
    -Undermine Trump’s efforts to conclude nuclear deal with N. Korea - Yup, come to the point baby. Remember it’s not about trade

Chinese should paying money to write such kind of analysis!

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Chinese has slowed down re investments lately.
And us corps hve no chance in china anyway, like you said.

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Maybe that nail factory is paying.

China is going to be a net loser. If they aren’t they would not be waiting to match trump actions but taking proactive actions themselves. Absence of such actions itself prove that they have no option but to create a show of force (old communist way die hard). Trump knows that. He is calling that bluff.

I am not for trade wars. I am just curious what Trump wants China to do? Give up the aggression in South China sea without firing a single shot? May be. Bring the little Kim to table to give up Nukes and stop threatening Japan? May be. Any of these actions will get him a Nobel Peace prize for sure.

Chinese growth story built of internal investment fueled by trade surplus is going to get hit where it hurts the most. The trade surplus. Putting pressure on Yuan and bleeding the dollar reserve fast. May be that’s what the intention is.

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They are waiting for a tariff on finished steel goods. US can pay 20% higher for nails. But they wont pay that for the brand that is selling them 20% higher whereas the one next in the shelve is 20% cheaper. It’s not a differentiated product.

Just hike the tariff on imported nails by 50%. Wait for the CEO to sing praises again.

Yup. And then companies that use nails will get screwed.

MAGA!

Good analysis, @Ironduke! That kind of explains why Trump is starting the trade war.

Apple is doing very well in China. GM is doing very well in China. Many more, do some web search.

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