DeepInYourMind
Elder Lister
Establishing a framework towards a deal
China and the US approaching a deal
- Thread starter DeepInYourMind
- Start date
Us to retain 30% tarrif and China to retain 10% tarrif
Tommy Kwesule.
Senior Lister
Whoa! Look at all those shelves full of products manufactured or processed in the spanking new American factories employing American people. Such a win.
San Dan Glokta
New Lister
So China gets American goods and American people pay top dollar for Chinese goods?
San Dan Glokta
New Lister
Temporary.
Mwalimu-G
Elder Lister
China already has alternative source markets for what they were buying from yUes.
A pig mega farm in China. Many of these have come up both in China and abroad since Trump's first tariffs in 2018. F*ck the farmers in Michigan who grew pigs and soya beans for export to China.
So guys, should we be selling our avocados to the US or china?
Mwalimu-G
Elder Lister
China is a better bet. Would the yUes get the fruits from Kenya when they are abundant in neighbouring Mexico and Panama?
DeepInYourMind
Elder Lister
Problem is where China sells its products. The US by far leads in consumption and China cannot find an alternative market with similar demand.
Mwalimu-G
Elder Lister
China is a better bet. Would the yUes get the fruits from Kenya when they are abundant in neighbouring Mexico and Panama?
China reckons that instead of allowing yUes to arm twist it it could forfeit selling to the US market (about 15 PC of its total exports) for the time being. This will lead to supply driven inflation, a bad thing for governments that are determined by votes.
DeepInYourMind
Elder Lister
It is unsustainable for China to forfeit the US market, their economy is very fragile and has been the past few years. The tariffs have already triggered social unrest because the economy is grinding to a halt.
DeepInYourMind
Elder Lister
If it were up to me, a desert country that doesn't export anything to us. So that we reduce the trade deficit