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posted by Fnord666 on Monday August 19 2019, @12:26PM   Printer-friendly
from the wouldn't-want-to-impact-Christmas dept.

https://www.npr.org/2019/08/13/750770595/trump-administration-delays-some-china-tariffs

The Trump administration is postponing some of its new tariffs on Chinese imports — a significant retreat in the trade war that has rattled financial markets on both sides of the Pacific.

The Office of the U.S. Trade Representative announced on Tuesday that 10% tariffs on certain popular consumer items — including cellphones, laptop computers, video game consoles, computer monitors and some toys, shoes and clothing — will be postponed until Dec. 15.

'What we've done is we've delayed it, so they they[sic] won't be relevant to the Christmas shopping season,' President Trump told reporters.

I guess it really is easy to win a trade war: just saber-rattle but never actually do things.


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  • (Score: 5, Interesting) by Lester on Monday August 19 2019, @06:42PM (7 children)

    by Lester (6231) on Monday August 19 2019, @06:42PM (#882258) Journal

    USA has less robust domestic market than ten years ago, and China a robuster domestic market than ten years ago. Middle class in China is scarce but growing, salaries are very very low, but growing. Middle class in USA is still big, but it shrinks year by year. And salaries are lower every year.

    China doesn't depend on domestic market but on foreign market. USA is a big market for China, but Europe is more important.

    China is a dictatorship so it can demand its people food and goods restrictions and any sacrifice. USA can't.

    You are right, the CCP does not want the advantages America has, and USA wants to keep that gap as wide as it can.

    About supporting USA or China. It depends for what. If USA says "With me or against me. Boycott China products". And China says "Do what ever you want. You can trade with USA if you want". Probably I will ignore USA, keep trading with who I ever want, and unite with many others to stand USA retaliations. Nobody likes to be threatened. Nevertheless Trump thinks it's a good strategy to threaten and insult friends.

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  • (Score: 2) by Gaaark on Monday August 19 2019, @09:20PM (6 children)

    by Gaaark (41) on Monday August 19 2019, @09:20PM (#882332) Journal

    AND China is growing it's influence: the belt and road initiative (friendly growth economically and influentially) and in the south China sea area (not so friendly growth both militarily and tactically).

    China's military and economy is growing AND they have a lot of resources (rare earth minerals, etc).

    Meanwhile, as you say, Trump is going around puffing his chest out and making HIMSELF important by making enemies of everyone except fucking North Korea.

    Let's see: a war against China and Russia with NK as your ally in the region.....smooth move, Exlax.

    --
    --- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
    • (Score: 2) by Phoenix666 on Monday August 19 2019, @10:22PM (5 children)

      by Phoenix666 (552) on Monday August 19 2019, @10:22PM (#882351) Journal

      Uh huh. And if you hear the Africans speak about their new-found friends the Chinese, you'll find the bloom is already off that particular rose. Same with the belt and road project. Central Asia is happy to milk the Chinese for all they're worth, and then to tell them to get lost. The Chinese will get mad, but ultimately can't do a thing about it because both Russia and the US check them.

      For all the propaganda the MIC is pushing about a resurgent China, the truth is that country has feet of clay. Europe and the US have their problems, to be sure, but Beijing is not even in the same league. That is one fractious country.

      Europe doesn't like being asked to shoulder more of the cost of mutual defense. After all, they've had a 70-yr free ride to invest those resources in social programs instead. How dare the American taxpayers balk at continuing their gravy train? But at the end of the day, are they really willing to side with an expansionist communist dictatorship over the US, with whom they share so many ties on so many levels? I just don't see it.

      --
      Washington DC delenda est.
      • (Score: 1, Insightful) by Anonymous Coward on Tuesday August 20 2019, @03:14AM (1 child)

        by Anonymous Coward on Tuesday August 20 2019, @03:14AM (#882461)

        Translation: We could either spend hundreds of billions every year blowing up brown people, or we could have social programs.

        Americans choose blowing up brown people, because "there is no money."

        Conclusion: Americans lack fuzzy dice and must compensate for it by waving their tightly circumcised military dick over the entire planet.

        • (Score: 0) by Anonymous Coward on Tuesday August 20 2019, @03:32AM

          by Anonymous Coward on Tuesday August 20 2019, @03:32AM (#882463)

          It is called the welfare-warfare state, and it is deservedly despised by anyone who knows what they are talking about not profiting greatly from it.

      • (Score: 2) by Lester on Tuesday August 20 2019, @04:46PM (2 children)

        by Lester (6231) on Tuesday August 20 2019, @04:46PM (#882673) Journal

        In Africa there is a cold war between France and USA. They use proxy governments, bribe, threaten, support a dictator or support insurgents etc. On the other hand, China is gentle.

        China is also moving in South America. And once again China offers win-win deals, while USA bribes police, politicians to make laws that protect its corporations and allow them export natural resources without almost paying taxes and control protests against their abuses.

        China uses honey and USA uses the stick. USA says "China is attracting you with honey, but do you really want a world dominated by China?" No, I don't. You are right. But, have you tried, my dear USA, to use honey? I'm a little sick of being robed, blackmailed, abused, spied and all your bully ways.

        • (Score: 2) by Phoenix666 on Tuesday August 20 2019, @10:49PM (1 child)

          by Phoenix666 (552) on Tuesday August 20 2019, @10:49PM (#882835) Journal

          The US gives about $50 billion/yr in foreign aid [wikipedia.org]. About $10.5 billion of that goes to African countries. That's a pretty good amount of honey.

          A quick search finds a 2015 report from the World Economic Forum [weforum.org] which reports the US is the top donor of foreign aid in the world, followed by Germany, the UK, France, Japan, and Sweden. China is not even on that list.

          Also, in the first source cited the US has been given large amounts of foreign aid since WWI, which is a century ago. I don't know what the total is in 2019 dollars for that last 100 years, because I'm tired of googling. But the data, you know, facts, not feelz, have already cast doubt on your assertion that the US only uses the stick and never the honey, or that China is so, so much more generous than America is.

          In short, balderdash!

          --
          Washington DC delenda est.
          • (Score: 2) by Lester on Wednesday August 21 2019, @07:17AM

            by Lester (6231) on Wednesday August 21 2019, @07:17AM (#883004) Journal

            First, I have talked about fair deals. Getting 1 billion in resources and then giving 10 millions is not what I would call generous. Giving in exchange of political decisions is not what I call donation.

            Second, I've seen reports where those donations include millitary aid, that were half budget. Some of this donations include building infrastructures, but only those that American companies need in the country.

            It doesn't make sense to give a fish when the last year your father has made a deal with the local boss to have exclusive rights for fishing in the river.