China is set to lose £60bill. The "young god" Donald Trump at it again. Watch

The PoliticalGuy
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China is set to lose out after the trump administration unveils tariffs worth just under $60bill on Chinese imports by Friday, targeting technology, telecommunications and intellectual property, two officials briefed on the matter said Monday.

The young god is at it again. This guy is a legend and no-one can deny it, he isn't scared of anything, standing up to the elite globalists in China who taking advantage of the USA ; creating more jobs for people.

He is (without a doubt) the best President the US has had.

https://uk.reuters.com/article/us-us...-idUKKBN1GV31E
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Bulletzone
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Not sure if been sarcastic or not...
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Bang Outta Order
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no offense but oh well China. Trump is probs gonna work on Japan next lol.
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DetectivePeralta
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Lol the tariffs will hurt both countries, not just China. Trump doesn't understand that free trade benefits both parties because of comparative advantage.
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AngeryPenguin
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(Original post by Trapz99)
Lol the tariffs will hurt both countries, not just China. Trump doesn't understand that free trade benefits both parties because of comparative advantage.
You are acting as though China is a first-rate free market, when in fact it is a famously protectionist country.
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Napp
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(Original post by The PoliticalGuy)
China is set to lose out after the trump administration unveils tariffs worth just under $60bill on Chinese imports by Friday, targeting technology, telecommunications and intellectual property, two officials briefed on the matter said Monday.

The young god is at it again. This guy is a legend and no-one can deny it, he isn't scared of anything, standing up to the elite globalists in China who taking advantage of the USA ; creating more jobs for people.

He is (without a doubt) the best President the US has had.

https://uk.reuters.com/article/us-us...-idUKKBN1GV31E
How is starting a trade war the mark of a good president?
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Gofre
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And when all those products subject to tariffs get a price hike to cover their maker's losses, I'm sure Trump will use his dealmaking expertise to convince US retailers to absorb these new costs and cut into their profit margins and not just let the American public pay higher prices on an enormous range of products.
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username1738683
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The US have a massive trade deficit with China and have for years trying to get them to let go of the pegging of their currency to the dollar, which is an unfair commercial advantage for the Chinese (that's why they have it, see). It probably takes someone like Trump to change any of that and it's hard to see what is so terrible about it if you're american.
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username1738683
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(Original post by Gofre)
And when all those products subject to tariffs get a price hike to cover their maker's losses, I'm sure Trump will use his dealmaking expertise to convince US retailers to absorb these new costs and cut into their profit margins and not just let the American public pay higher prices on an enormous range of products.
Yeah, let's close down our industry and just import cheap stuff from China. Maybe we should forget hiking the minimum wage in the UK too, it does just the same to prices.
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Gofre
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(Original post by zhog)
Yeah, let's close down our industry and just import cheap stuff from China. Maybe we should forget hiking the minimum wage in the UK too, it does just the same to prices.
Do you disagree that the tariffs are highly likely to result in the cost of goods increasing for american consumers?
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999tigger
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(Original post by The PoliticalGuy)
China is set to lose out after the trump administration unveils tariffs worth just under $60bill on Chinese imports by Friday, targeting technology, telecommunications and intellectual property, two officials briefed on the matter said Monday.

The young god is at it again. This guy is a legend and no-one can deny it, he isn't scared of anything, standing up to the elite globalists in China who taking advantage of the USA ; creating more jobs for people.

He is (without a doubt) the best President the US has had.

https://uk.reuters.com/article/us-us...-idUKKBN1GV31E
I'm assuming this is sarcastic?
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username1738683
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(Original post by Gofre)
Do you disagree that the tariffs are highly likely to result in the cost of goods increasing for american consumers?
Not necessarily, no. To apply your reasoning fully, let's close Port Talbot steelworks tomorrow.
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999tigger
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(Original post by zhog)
Yeah, let's close down our industry and just import cheap stuff from China. Maybe we should forget hiking the minimum wage in the UK too, it does just the same to prices.
Do you ever buy stuff made in China?
Do you think either the US or UK would win a trade war and that tariffs will work? Feel free to explain why.
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username1738683
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(Original post by 999tigger)
Do you ever buy stuff made in China?
Do you think either the US or UK would win a trade war and that tariffs will work? Feel free to explain why.
Or China, would they win this trade war? It's all a lot more complex than we make it sound and let's just wait and see.
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999tigger
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(Original post by zhog)
Or China, would they win this trade war? It's all a lot more complex than we make it sound and let's just wait and see.
You obviously dont understand about trade wars.

It isnt that complex and you dont appear t understand the basics..
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username1738683
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(Original post by 999tigger)
You obviously dont understand about trade wars.

It isnt that complex and you dont appear t understand the basics..
That's right, I didn't before but I do now and all thanks to you. It would be hard not to, after your well-crafted and cogent thoughts on the subject.
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AperfectBalance
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(Original post by 999tigger)
You obviously dont understand about trade wars.

It isnt that complex and you dont appear t understand the basics..
actually yes trade is very complex, sure the base idea of trade is pretty simple but it can be very deep and neither of us can fully understand it.

We may lose out in the short term as prices go up but it may force Europe and the rest of the world to start building these things ourselves in a far more sustainable manner than china, it could actually lead to very very good things.

Another point is that we sanction Russia for its actions mainly because doing so does not cripple us too much but with china we dont even though they do awful things because they are very useful.

If we could turn that around and increase the production or even start the production in Europe or other parts of the world we may actually end up with something that benefits everyone. I am very happy that Trump is standing up to China and I hope that he goes even further
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999tigger
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(Original post by zhog)
That's right, I didn't before but I do now and all thanks to you. It would be hard not to, after your well-crafted and cogent thoughts on the subject.
I was waiting for you to answer some of the questions Gofre and I asked you, but as usual you dodge them.
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username1738683
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(Original post by 999tigger)
I was waiting for you to answer some of the questions Gofre and I asked you, but as usual you dodge them.
Get lost, you're just wasting my time now.
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999tigger
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(Original post by AperfectBalance)
actually yes trade is very complex, sure the base idea of trade is pretty simple but it can be very deep and neither of us can fully understand it.

We may lose out in the short term as prices go up but it may force Europe and the rest of the world to start building these things ourselves in a far more sustainable manner than china, it could actually lead to very very good things.

Another point is that we sanction Russia for its actions mainly because doing so does not cripple us too much but with china we dont even though they do awful things because they are very useful.

If we could turn that around and increase the production or even start the production in Europe or other parts of the world we may actually end up with something that benefits everyone. I am very happy that Trump is standing up to China and I hope that he goes even further
This is about tariffs and general economics.. If you want higher prices and lower economic activity then go for it.
We havent put sanctions in place yet, just a diplomatic response. Should we do trade sanctions, then they will just reply in kind.
You dont jusr magic whole industries out of nothing.. The consequences are merely going to be less trade and a rise in prices for the consumer.
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