China Threatens Trade War

reply to post by SLAYER69


They'd better be quick with the bill to get it in before any implosion in the EU.

Chinas largest trading partner = European Union
ec.europa.eu...

From the numbers I have seen the EU imports $372b of goods from China to Americas $364b

So does America really need a trade war as it seems to me when(or if) the EU implodes the knock on effects in China will be vast.

Ok to be fair Americas largest trading partner = European Union
ec.europa.eu...

So that would be Americas 2 largest competitors down the drain.

I have oft wondered if this period is Americas version of Britains 1820s rather than the decline that is often speculated.

reply to post by thoughtsfull


Excellent information. I had honestly not considered it this way at all.

So....EU heading down the drain. There have been many ATS posts regarding this in the past few weeks. There have been many mainstream media articles regarding this in the past few weeks.

China is facing (possible) tariffs from the US, and maybe some other of their trading partners, having a negative affect on their income from exports.

....America major trading partners go "down the drain" ....America rises to the top.... Might this be the plan?

reply to post by Ameilia


I lean towards that being the plan as I have grave doubts that America would go down as easily as some suggest.

Using history as a guide and looking at Britain (as a comparable top dog) I have oft wondered where we all really are... are we at the decline of the top dog or simply one of the blips on the way?

Britain has had a few blips, most notably in the early 1800s where foreign wars drove Britain into economic depression but she still clung onto being top dog for over another century.

I personally feel that this is one of those blips rather than a full on decline (which will hopefully be followed by another industrial revolution) but what we are seeing in my opinion is a 3 way economic war between America, the EU and China..

The EU is the weakest point and the loss of their largest market would cripple China then add a trade war with the US and it feels like China is being backed into a corner.

Lets hope it doesn't turn nasty..

The best thing that could happen to the US would be a trade war with China.

The one that would be hurt the most would be American companies that shipped jobs to China.

And American companies that shipped jobs to china deserve every thing that happens to them.

Originally posted by ANNED
The best thing that could happen to the US would be a trade war with China.

The one that would be hurt the most would be American companies that shipped jobs to China.

And American companies that shipped jobs to china deserve every thing that happens to them.

Yep. If we can't hang CEOs for treason, the companies who don't hire Americans anymore should be screwed.

reply to post by thoughtsfull


Putting all of that together, everyone declines in economic output relative to their previous states.

Another industrial revolution is impossible, because of the environmental degradation which would ensue.

We would, collectively, be digging our own grave.

This is a decline in civilization as a whole.

Before the lights go out, there will be fireworks.

I don't know why so many have been playing down all if these events lately on ATS.

It's sort of bizarre.

reply to post by SLAYER69


Oh, it's you again with your lack of economic sense.

If China floats her currency, that'll increase her...buying power.

This would suck for a while, more expensive goods, but the up shot of it is maybe we will bring all the manufacturing base back to the US, make MADE in the USA mean something again.

in the end I think we would be better off for it.

reply to post by unityemissions


True, but it does depend on the type of industrial revolution that takes place.. I used a term loosely to make a point that we might not be in full on decline, but that we might actually be verging on another leap forward.

That leap could in theory could give us the ability to undo the damage being wrought or we might finally have the means to end the geostrategic resource based reasons we are where we are today.

I do accept that the leap could equally be backwards, I hope not, but historically from what I have read those leaps have generally been forward and that is what I hope will happen.

reply to post by thoughtsfull


Well I do have a sliver of hope left.

Am doing everything I can to build up sustainable infrastructure that can be replicated worldwide.

After I get a patent for this prototype that's in the works, and cut a check, I'll be buying arid land to experiment in permaculture, and tapping into an aquifer, using duckweed to feed fish, and fish poo to grow hydroponics, ie aquaponics.

It's a start. We need a new agricultural revolution, IMO. That is the new sustainable industry if it's done just right.

reply to post by DragonTattooz
name one steel plant , name one manufacturing corp that makes from scratch all materials, making a product that is sold in the USA made in the USA, can you? Post the corp if you can.

reply to post by unityemissions


I would certainly like to see that kind of change (but then again I am biased living in a rural environment)

Good luck with you plans, I really, and I do mean this, really hope it all works out perfectly for you

As of this morning, this bill is already causing friction in the House.

"I think it's pretty dangerous to be moving legislation through the United States Congress forcing someone to deal with the value of their currency," said U.S. House of Representatives Speaker John Boehner. He was speaking a day after the Senate voted to open debate on a bill that calls for tariffs on exports from countries with deliberately undervalued currencies.

And in the Obama Administration:

In a possible sign of misgivings about the legislation in the White House, a top U.S. official said the Obama administration has begun discussions with the Senate about whether the bill is "the right approach" to the long-running currency issue.

Regardless, it seems to have popular support in the House:

Despite Boehner's expressed doubts about the bill, backers of the legislation in the House said the measure now has 225 co-sponsors, including 61 Republicans.

Read the updated information at Reuters

Ultimately it would hurt china the most. US can make what it needs but that wont be true fore ever if china continues to drain the world manufacturing from ithercountries. I believe it would create jobs in US and rezt of world. China has nit yet eached a point it could win a trade war wit the US.

Originally posted by bekod
China "HA HA HA, you Americans think you so smart you try to fill Wal mart shelves, you go broke over night, we come and by you out and then sell cheep to you."
America ,"we can build, but first we need to buy all the steel from china, at the coast of.. how much do we owe them? 900 billion... what 4 trillion!!!!, oh that's right to cover the war, the tax breaks, the health care, the trips to..." just how would win?? like I have to ask... Trade war

ok it's no joke, but you got to laugh.

edit on 4-10-2011 by bekod because: editting

We'll see who gets the last laugh. BTW, get involved in some Econ classes - spelling and grammar as well!

The US can make BETTER QUALITY everything compared to the utter crap coming out of China. Bring on the trade war. China's economy, which btw is the BIGGEST bubble ever created, would unwind so fast, they wouldn't know what happened to them. And if they stupidly tried to crash the US economy by leveraging our debt to them, they further crash their own economy by devaluing their only assets. Sorry, we have China by the short and curlies on this one. Glad to see our politicans are finally growing a pair of their own.

Originally posted by bekod
reply to post by DragonTattooz

 

name one steel plant , name one manufacturing corp that makes from scratch all materials, making a product that is sold in the USA made in the USA, can you? Post the corp if you can.

edit on 4-10-2011 by bekod because: editting

I'll just start with a tiny little entity called U.S. Steel Corp. - look it up!

IGNORANT!

All you peeps that want to bring manufacturing back to america.. If that ever happens your standard of living is going to plummet, because you will not be able to afford to buy the goods you make..why do you think manufacturing left america in the first place..

and if you cannot afford them who will.

Originally posted by UniverSoul
reply to post by Ameilia

 

please do it china, the west deserves it so bad
they have all the power to f us up, its just a matter of when enough is enough
bye bye america

Your ignorance is dangerous. China is open about its human rights violations against its own people. How do you think they will treat the world if they were the only super power?

reply to post by purplemer


No, we will go back to buying higher quality stuff and less of it.

reply to post by kozmo


That's funny considering china lost 20 million factory jobs in 2008 crisis, yet they continued throttling ahead. And the US buys a mere 20% of China's exports each year and most of it kitchenware, cotton thingies and cheapo electronics. Pathetic, really.