iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,892 Blog Posts

FLASH: Chinese Tariffs Could Go to 100%!

This just in fuckers. Looks like trade talks are going swimmingly.

And for the Chinese side.

DEVELOPING…

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6 comments

  1. soupbone

    The orange fella (soon to be grey) threw the first punch. Good luck and all that. I suppose not getting 8 years will be a huge insult to be avoided at any cost.

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  2. tradingnymph

    Hi Fly, Not sure why no one understands…China doesn’t want a Deal, they need to slow their economy and no Deal increases the chance of no Trump. Win/Win for China. Yes, they might agree to buy more Pork cuz of their Swine Flu Deaths. But they are just smiling when USA talks “tough” cuz they will just use that as Propaganda to blame USA when China slows..again win/win. Bottomline, since 2009 it’s been China Stimulus buying Copper, Companies, etc that has Grown this Bubble, QE around the world helped, but when China leaves the Cocaine Party…the Party is over.

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  3. donnie wads

    It’s all about the battle for hearts and minds…however, If anyone believes China would survive a 100% tariff unscathed they are just kidding themselves. That would effectively be a boycott and I wouldn’t put it past Trump to do it despite the repercussions to the US economy.

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    • soupbone

      The USA will not survive that trade war you described.

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      • donnie wads

        Care to explain?

        It seems to me that we have plenty of magin.

        What would cause the collapse? Paying more for toys and other plastic junk?

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    • numbersgame

      The US can easily “survive with zero trade with any single country in the world, because of our unique blessings of large, diverse population, excellent natural resoruces, and isolation from hot-spots (as shown in WW II).

      That being said, many US companies rely on Chinese imports, as do American consumers. A 100% tariff on Chinese goods if enacted (not just threathened) within the next 6 months, would cause massive inflation in the US leading to a Depression. In China, it may lead to an overthrow of their governement as their population starves (there’s a reason they dropped the tariff on prok and it has *nothing* to do with goodwill).

      Currently, the tariffs aren’t brining back jobs to the US. Howver, they *are* bringing jobs to Mexico, which is literally the next best thing
      1) More/better payign job in Mexico -> Less immigration -> morejobs avaialble for Americans
      2) Lower trasnportations costs and less environmental impact
      3) Improving Mexican market for US exports.

      However, this is a gradual trasnsition, and tariffs above 50% would be couterproductive, as manufacturing in North America (or elsewhere) could not ramp up fast enough. Trump may be stupid enopugh to *want* to do that if China bruises his fragile ego, but he will get too much push back from all sides for any tariff that high to actualyl go into effect.

      ievery country in the

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