rubl
Crazy Mango Extraordinaire
The wondering type
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Post by rubl on May 6, 2019 10:07:54 GMT 7
As some might remember trade wars are easy to win, our great, real great man Trump said so. He knows, he's a brilliant negotiator and no surprise then that he tweets "We're nearly done". Pity he seems to need to tweet that at least once a month for the last half year or so, but that's tactics of course. Brilliant  6th of May, 2019 "Global stocks, commodities tumble after Trump vows China tariff hike" finance.yahoo.com/news/global-stocks-commodities-tumble-trump-vows-china-tariff-024950337--finance.html1st of May, 2019 "Data Sheet–Trump Could Throw Tech Under the Bus to Get a Trade Deal with China" fortune.com/2019/05/01/data-sheet-trump-china-trade-tech/4th of April., 2019 "Trump says U.S.-China trade deal may be reached in four weeks" March 3rd, 2019 "Trump and Xi are close to a new US and China trade deal: report" 26 February, 2019 ""Trump: US and China 'very very close' on deal |
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AyG
Crazy Mango Extraordinaire
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Post by AyG on May 6, 2019 10:22:28 GMT 7
Sigh. Where are John Wilkes Booth, Charles J. Guiteau, Leon Czolgosz and Ted Cruz's father when you really need them?
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rubl
Crazy Mango Extraordinaire
The wondering type
Posts: 23,528
Likes: 8,892
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Post by rubl on May 6, 2019 11:10:56 GMT 7
Trump: "For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars...." "The Tariffs paid to the USA have had little impact on product cost, mostly borne by China." Reality: "Despite Trump’s claim that China pays these tariffs, they are actually paid by US companies when they import goods. Those firms can choose to pass the cost on to their customers through high prices, absorb the cost and lower their profits, or try to negotiate the cost of the goods down." Double check: "Trade in Goods with China, 2019 and 2018" www.census.gov/foreign-trade/balance/c5700.html |
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rubl
Crazy Mango Extraordinaire
The wondering type
Posts: 23,528
Likes: 8,892
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Post by rubl on May 25, 2019 13:18:30 GMT 7
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rubl
Crazy Mango Extraordinaire
The wondering type
Posts: 23,528
Likes: 8,892
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Post by rubl on Jun 1, 2019 11:56:59 GMT 7
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rubl
Crazy Mango Extraordinaire
The wondering type
Posts: 23,528
Likes: 8,892
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Post by rubl on Jun 3, 2019 16:09:52 GMT 7
Rumour has it the Australian PM thanked President Trump for putting Australia on the map "Trump Administration Considered Tariffs on Australia The Trump administration considered imposing tariffs on imports from Australia last week, but decided against the move amid fierce opposition from military officials and the State Department, according to several people familiar with the discussions. Some of President Trump’s top trade advisers had urged the tariffs as a response to a surge of Australian aluminum flowing onto the American market over the past year. But officials at the Defense and State Departments told Mr. Trump the move would alienate a top ally and could come at significant cost to the United States. The administration ultimately agreed not to take any action, at least temporarily." www.nytimes.com/2019/06/02/business/trump-australia-tariffs.html |
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AyG
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Post by AyG on Jun 3, 2019 17:11:34 GMT 7
Ain't no such thing. In Australia they speak English and mine aluminium. And as for "flowing onto the American market", I'm pretty sure it's a solid (at least at normal temperatures for Earth), so it doesn't flow anywhere - not least onto the American market. |
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rubl
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The wondering type
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Post by rubl on Jun 3, 2019 17:39:38 GMT 7
Ain't no such thing. In Australia they speak English and mine aluminium. And as for "flowing onto the American market", I'm pretty sure it's a solid (at least at normal temperatures for Earth), so it doesn't flow anywhere - not least onto the American market. Well, it would seem they mine bauxiet. Following they do some magic in Alumina Refineries and/or Aluminium Smelters to get liquid Aluminium. Sometimes just let cool down, sometimes passed through a Rolling Mill which make it easier to make nice rolls of Aluminium. Depending on the Aluminium content of the bauxiet more-or-less extraction processing is required. Availability of lots and lots of (cheap) electricity helps to keep the price down. PS I wonder if the 1000++C hot aluminium had been allowed to flow into the sea at the point nearest to NewZealand would we have a dam, a real nice dam to NZ by now? PPS regarding bauxiet, part of Dutch colonial history "During World War II, on 23 November 1941, under an agreement with the Netherlands government-in-exile, the United States occupied Suriname to protect the bauxite mines to support the Allies' war effort." en.wikipedia.org/wiki/Surinameen.wikipedia.org/wiki/Brokopondo_Reservoir |
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rubl
Crazy Mango Extraordinaire
The wondering type
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Post by rubl on Jun 3, 2019 18:14:48 GMT 7
The latest twit on the trade war with China
"China is subsidizing its product in order that it can continue to be sold in the USA. Many firms are leaving China for other countries, including the United States, in order to avoid paying the Tariffs. No visible increase in costs or inflation, but U.S. is taking Billions!"
I guess we won't tell Trump Americans are paying those billions, neither will we mention the US$ 12 billion of Farmer Support the American taxpayers Government handed over in 2018 nor the $15 billion for 2019 (till now that is)
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rubl
Crazy Mango Extraordinaire
The wondering type
Posts: 23,528
Likes: 8,892
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Post by rubl on Jun 29, 2019 18:57:52 GMT 7
Back on track. Not sure what track though. 25% tariffs imposed before by Trump are still there and I don't think China is paying it as dearDonaldTrump suggested a few times. Somehow it would seem Trump backed off. Probably strategy, somehow No clear comments from China yet, but why should they. "The United States will keep in place a 25 percent duty on $250 billion of Chinese goods that Trump imposed earlier. It will also give China a list of U.S. products to buy, Trump said. In what appears to be a concession to Xi, Trump said he would loosen a trade ban that his administration recently imposed on Chinese telecommunications giant Huawei. The president indicated he thought the restrictions were too tight because Huawei is a major customer for many U.S. technology products." www.politico.eu/article/trump-china-talks-right-back-on-track/ |
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