[Video] - In retaliation on Trump's Tariffs of 50% on top of 34% on top of 20% on China, Xi retaliates with 84% on top of 34% on USA

jsctan said:

Just need a car to move from points to point b. These additional features are just marketing putting icing on the cake. Car is their least problem. That's why car makers worried.

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jsctan said:

Communist vs Democracy.
Choose.

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Rogue Trader said:

Oversized American cars drink petrol like their obese drivers drink mountain dew.

My point is there's nothing US produces today that the rest of the markets want. That's the reason for the trade deficit with countries Trump relabeled as 'tariffs'.

The only thing left to "buy" is US debt. China (and sinkapore) bought lots of US bonds after 2008 to help America escape financial ruin. But right after the Fed reserve started printing trillions of dollars again (quantitative easing) and devalued the USD sharply. You think by now other countries don't know this is a bottomless pit they are forced to fill?

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ftan42 said:

China has now imposed a 50% tariff on US imports in response to the US tariffs. The situation remains unresolved, pending further action from the US.

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jsctan said:

USA opens their markets for their people to buy from the rest of the world but it doesn't mean they are not self sufficient. China was a closed economy & they opened. USA is now telling everyone especially China they want to close. Now factories will be flushed with stock & no US as a customer.

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jsctan said:

Looks like the bottomless pit is what trump is trying to fix. After seeing what other countries had been imposing & scalping USA, he is just protecting his local companies & now those affected actually have trade surplus & if USA closes up their economy, where else can they sell?

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Rogue Trader said:

You do realise US only make up 13.4% of total China exports right? And like I've said before, tariffs hurt Americans more than Chinese. The Chinese have the highest savings rates in the world. Let's see how the American consumer reacts to stagflation.


The problem is clear. But no one is sure about Trump's solution. Their problem has been snowballed since W Bush. Then every administration kept kicking the can down the road

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