Support NeoGAF

[Nocty]

Perhaps unsurprisingly... China's response to US tariffs is being misreported..

Many headlines state that China is conceding because they said they will no longer raise tariffs if the US responds...

What China actually said..

China will ignore further tariff increases because "it's already impossible for the Chinese market to accept US imports at the current tariff level."

China also, once again, said they will "fight to the end."

this doesn't end well for anyone.

 

[Project EVE]

Perhaps unsurprisingly... China's response to US tariffs is being misreported..

Many headlines state that China is conceding because they said they will no longer raise tariffs if the US responds...

What China actually said..

China will ignore further tariff increases because "it's already impossible for the Chinese market to accept US imports at the current tariff level."

China also, once again, said they will "fight to the end."

this doesn't end well for anyone.

It is not being misreported.

It is the signal for the end of the escalation. They are not fighting to the end as we all feared, this shows that they are not going to escalate any further.

They can now sit down and negotiate for a deal.

That's what the market want.

 

[Vlodril]

It is not being misreported.

It is the signal for the end of the escalation. They are not fighting to the end as we all feared, this shows that they are not going to escalate any further.

They can now sit down and negotiate for a deal.

That's what the market want.

In the US dreams perhaps. At this point they both embargoed each other realistically due to the prices make it impractical to do business. We will see how it plays out.

 

[Rentahamster]

Interestingly enough, the guy talking about this 30 years ago was an independent who didn't belong to either major political party.

I actually referenced that earlier in the thread.

I didn't see that but 1996 was a long time ago and we would have had much more leverage back then. Ross Perot's comments about NAFTA during his debate with Clinton and Bush are also interesting in light of history. Since that time we've transformed our economy for better or worse (arguably better for rich people and worse for everyone else) so that we leave the "shit" work to them and make bank on the value added product ourselves. Those decades of change are nearly impossible to undo in one presidential term. While it may or may not have been a good idea both back then and now, it is definitely much more unfeasible now compared to back then.


edit: I still didn't watch the video but I would assume that upon closer inspection, the kinds of tariffs that Pelosi is talking about are specifically targeted tariffs to strategically protect certain vulnerable sectors of the domestic market. Which is a lot different than the current tariffs, which are more like trade deficit calculated tariffs that are less surgical and more chainsaw-y.



The same political party of unfettered capitalism and globalism that you blame for the problem is same one trying to sell you the solution.

 

[Wildebeest]

I wouldn't be too alarmed about the Dollar yet.

All signs are that it's primarily due to the unwinding of Yen carry trades yet again (the same thing that sank markets last August).

It's if the current surge in the Euro fails to subside that you need to be worried.

Surely Yen carry trade unwinding is more serious than a few market jitters. A lot of that Japanese money was spent on US Treasuries.

 

[Nocty]

trump busting Uturns already

 

[GHG]

The U-turn is almost complete.

He's been very silly in all of this.

 

[Kittehkraken]

Massive win for China.

The phone calls from Tech CEOs that made him swallow his pride must have been brutal.

 

[IntentionalPun]

trump busting Uturns already

Jesus this is all so stupid.

Just cancel the damn tariffs and continue to work to get some manufacturing sector growth in other ways.

 

[Nocty]

Jesus this is all so stupid.

Just cancel the damn tariffs and continue to work to get some manufacturing sector growth in other ways.

he can't because it will make him look stupid - trumps fragile ego cant handle that

 

[dave_d]

Jesus this is all so stupid.

Just cancel the damn tariffs and continue to work to get some manufacturing sector growth in other ways.

At this point I’m surprised he hasn’t gotten rid of sugar tariffs so we can have that in soda. (Oh wait, he drinks Diet Coke doesn’t he?)

 

[Nocty]

look at the bright side guys, we probably get a tech short squeeze next week

 

[Great Auk]

Massive win for China.

The phone calls from Tech CEOs that made him swallow his pride must have been brutal.

Yea, those calls to the president came right after Xi called said CEOs and conversed with them in Mandarin ala John Cena.

Remember during COVID when they skipped the Greek letter Xi so as to not offend Xi?