politics

China lists U.S. pork, apples, other goods for possible retaliation in tariff dispute

34 Comments
By JOE McDONALD

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Strange how the sign in the Chinese supermarket contains Japanese. Perhaps many expats shop there. And notice how the 衆 of 合衆国 is in a different font? - the other two kanji also exist in Chinese, but 衆 is written 众 or 们, so I guess their PCs couldn't handle it.

-1 ( +2 / -3 )

The Commerce Ministry said higher duties on pork, apples, steel pipe and other goods would offset Chinese losses due to Trump's tariff hike on steel and aluminum imports. It urged Washington to negotiate a settlement but set no deadline.

This is a totally illogical statement.  what "Chinese losses"????   How will this "offset" those?/  will Chinese government pay what they get on these tariffs thru to steel and aluminium exporters who have lost sales in the US?

This whole thing is idiotic.

1 ( +2 / -1 )

If China tries to escalate a trade war, the US should dump the One-China policy.

-4 ( +4 / -8 )

I noticed chicken feet were not on their banned import list. Ever wonder where all those chicken feet go from US processing plants -- you guessed it.

1 ( +4 / -3 )

5000 year old culture vs. 250 year old cultureless. This will be fun to watch.

-7 ( +3 / -10 )

Laguna, also 'Rice Country' Beikoku 米国 in Japanese, is 'Beautiful Country' Meiguo 美国 in Chinese. Both Bei and Mei sounds probably approximated the MEI heard in A-mei-rica.

Somewhere I read that the Chinese referred to Britain as 米国 at first because the Union Jack on British ships resembled the Chinese character for rice.

1 ( +1 / -0 )

China's top economic official, Premier Li Keqiang, appealed to Washington on Tuesday to "act rationally" and said, "we don't want to see a trade war."

I don’t think they know Trump. Their image of a US president/leader is more like Carter, JFK, and even Al Gore. There is such a gap between that and Trump.

1 ( +2 / -1 )

Japanese heavy steel industries will buy iron from China from now on? Also alminum? Japanese companies in Japan will stop buying from USA. Cheaper to buy materials from China. Trump will try to swell cars to Asia. He was too. late in getting into TPP.

-2 ( +2 / -4 )

"U.S. stocks sank. In Asia, Tokyo's benchmark tumbled by an unusually large 4.6 percent while the Shanghai Composite index fell 4.5 percent."

Remember, Trump said he is responsible for the economy. Now it's tanking faster than ever.

"The dollar dipped to 104.85 yen as investors shifted into the Japanese currency, which is viewed as a "safe haven" from risk."

And Japan is hurting AGAIN from Trump doing this, despite Toshiko and others on another thread claiming it would not hurt Japan. And all this despite Abe's intentional deflation of the yen to try and decrease value and increase exports!

-5 ( +2 / -7 )

toshiko: " Trump will try to swell cars to Asia."

he'll succeed in Japan. Abe will do literally ANYTHING Trump tells him to if it means Abe getting his ego stroked slightly by him.

-4 ( +1 / -5 )

China is literally telling Trump, "How ya like them apples?"

1 ( +1 / -0 )

Let the chips fall where they may. Need to correct the unbalance so that there is a win win situation. Again, the onus is on Beijing to keep things stable & safe. They fear instability from a possible trade war because they know that’s how they can legitimize their policies within their boundaries.

0 ( +0 / -0 )

The US gets 2% of its steel from China. Big deal. This is just for the consumption of Trump's base. It gets 50% of its steel from countries that are exempted. It get's 5% of its steel from Japan, and Japan gets a tariff. But the Japanese steel is very specialized steel that only Japan can make. So the US will suffer. And now China imposes tariffs. Two can play that game.

0 ( +1 / -1 )

I’ve read much about Japanese steel in these remarks and the one thing I have to agree with above all else is that Japan produces the highest quality steel sought after the world over, for knifes especially. They do not utilize Chinese lower grade steel because of it impurities and prefer US steel because of its purer qualities. China is between a rock and a hard spot in trade due to her “over extension” in the world markets. For all her mineral wealth she must depend upon the world’s agriculture, quality machinery, and automotive products n addition she is a subsidiary source provider for a wide variety of cheap components for every conceivable thing. The world is to far advanced to believe a so called “Trade War” could destroy our economies, as any economist can tell you — prices are set in-accordance - with perceived value and no more or less than any consumer is willing to pay. If you don’t believe that — ask any OPEC representive.

0 ( +0 / -0 )

I thought China holds USA debt, so it doesn't need to do anything, just stop propping it up.

0 ( +0 / -0 )

toshiko

with the new CPTPP agreement, Canada could supply Japan with the steel it needs at the quality level required versus China

0 ( +0 / -0 )

When trade stops, war starts.

1 ( +1 / -0 )

No more ginseng for China. That's $200M/yr and some softer willies.

0 ( +0 / -0 )

LagunaToday 05:04 pm JST

Strange how the sign in the Chinese supermarket contains Japanese. Perhaps many expats shop there. And notice how the 衆 of 合衆国 is in a different font?

Did JT change the photo? All I see are two customs-like guys examining Candian pork...of all things.

nandakandamandaToday 07:20 pm JST

Laguna, also 'Rice Country' Beikoku 米国 in Japanese, is 'Beautiful Country' Meiguo 美国 in Chinese. Both Bei and Mei sounds probably approximated the MEI heard in A-mei-rica.

"Bei" doesn't sound much like "mei". Since 米 can be read "mai" I suspect that it came from the early name for Americans - "meriken". Flour still being called メリケン粉 by really old people. Just my speculation.

3 ( +3 / -0 )

 pork, apples, steel pipe and other goods would offset Chinese losses due to Trump's tariff hike on steel and aluminum imports.

So that's for the steel and aluminum? I wonder how they're going to retaliate with the $60 billion one?

If China tries to escalate a trade war, the US should dump the One-China policy.

There's nothing the Chinese would love more than for someone else to break the status quo between the strait.

-2 ( +0 / -2 )

Trump want to sell left side handled American cars to Japan and Asia. It is not going to wrk. @smith: Do you live in Japan? Do you own a car? Look at inside. Which side steering handle is. In USA, driver seat is on left side. Japanese car makers manufacture cars in USA differently than in Jappan. Trump has been urging car makers in USA to export cars to Japan.

-1 ( +0 / -1 )

@sf2k: There are delicious Canadian frozen vegetables in zip lock bags in American super marketers. Canadians use brain. Trump. Is out of dated.

-1 ( +0 / -1 )

Trump opposed TPP because Obama was promoting. Anything Obama promoted he was against.

China stopped to purchase US debt bonds and Japan. Is still buying.

US is short on budget money. Last time China rescued. This time, China is not going to rescue.

Read about US budget.

0 ( +0 / -0 )

Japan purchase aluminum. and transform into board called almaito. It is golden colored.

0 ( +0 / -0 )

This US temporary budget, Trump was opposing because there is no border wall plan but Republican congressmen convinced him that needed to operate USA. This happens when a country is too busy creating wars.

0 ( +0 / -0 )

The Commerce Ministry said higher duties on pork, apples, steel pipe and other goods would offset Chinese losses due to Trump's tariff hike on steel and aluminum imports.

Like to know how this is gonna work for Pork because the Chinese purchased one of America's biggest pork producers, secondly the Chinese export more to the USA and Western Economies in general than what these countries export into China.

DT is correct the Chinese have been stealing western technology for years, which confirms the fact that the bulk of innovation still comes out of the West.

0 ( +0 / -0 )

This trade war, China will. win because. Chia buy US products more than it sells its products. Chinese products in USA are inexpensive clothes. made by Ivanka's factories in. China. Socks. Unaware T shirts etc.

China can import TV,, bike etc from Japan.

1 ( +1 / -0 )

Trump started the trade war and the Chinese will finish it!

-2 ( +0 / -2 )

This trade war, China will. win because. Chia buy US products more than it sells its products.

In this trade war, like most trade wars, both party will lose.

Look at EU, united they stand. They stood together and threatened USA that they will retaliate massively like they did in 2002 so the US backed off and gave them exemption.

In North East Asia, South, Japan and China is divided so the USA can do what they like and extracts favors and upper hands from these countries.

-1 ( +1 / -2 )

I think the concept of a trade war is seriously outdated. If the US imposes high tariffs on "Electronics from China" what will be the effect on Apple, whose iPhone use components from various countries but are finally assembled in China? Likewise if China imposes high tariffs on "Pork from the U.S." what happens to pork exports by the largest pork producer in the U.S.- Smithfield, which owned by Henan Luohe Shuanghui Industry Group LLC?

GoodlucktoyouMar. 23 06:19 pm JST

5000 year old culture vs. 250 year old cultureless. This will be fun to watch.

The country with the 5000 years of culture threw it all out with the Cultural Revolution. The comparison would be a country with 69 years of culture vs one with 250 years.

2 ( +3 / -1 )

I don't get this tariff thing.

Rather than 'punish' the exporting country, isn't it simply a tax on consumers in the importing country? By imposing tariffs on imported goods, the govmint is essentially telling its own people what they should/shouldn't or can/can't buy. Not something a country that touts itself as the 'Land of the Free' should be doing, surely.

Add in what other posters have pointed out about iPhones, pork etc., and it seems both countries are playing a stupid game of Poke Yourself In The Eye Till The Other Guy Cries Stop.

1 ( +1 / -0 )

Sadly nothing is "free". There is a "cost", price to pay for everything. But every nation "adjusts" and "cope" with such changes that "raise" or "lower" prices of goods and services. And in today's world commerce, when one country will not provide something at a reasonable cost, then one gets it from another source.

Till recently China has been the "cheap" source for almost everything and they dominated much of the consumer products market, primarily because of the extremely cheap labor costs in production and to some extent very "low" government control for quality of production. That in essence is "price control" by a government on a global scale.

And by allowing cheap labor China attracted foreign investments but with heavy "control" via regulations and "high taxes" assuring Chinese companies to benefit with technology and "high skill training" for the Chinese citizens, all "paid" for by foreign investors. Meanwhile, China "taxed" the "sale" of foreign made products at a higher rate than what was produced domestically. That in itself is a tariff.

But probably worse was that China allowed the "copying" of foreign products and allowing them to be produced and sold domestically and internationally disregarding copyrights and patents. With a massive market that China has domestically and internationally, that was and still is worse than having any tariff.

So tariffs already existed. It was hidden to the world only because the world was able to get things "cheap" from China... that is till how.

0 ( +0 / -0 )

Basically Trump is trying to put people within the USA back to work. Tariffs provide an opportunity for companies that could compete at least within the domestic market with those imported. That is exactly what Japan has been doing with beef and rice. Just happens that the Japanese consumers are willing to pay a higher prices for Japanese beef and rice than foreign beef and rice, so the tariffs were really ineffective after a while. The purchasing was not so much for "quantity" as much as "quality".

Something similar is happening in China but in the reverse. Many Chinese are now wealthy and willing to pay a higher price for foreign rather tha domestic products. So such tariffs may sound devastating, but may not be exactly as planned by the Chinese government, other than to make more money from taxation in the form of tariffs. Higher priced import products may continue to be sold in China.

0 ( +0 / -0 )

Cheaper pork and apple(sauce) to go with it for us! I like it! Bacon. How can anyone live without it? The chinese will cave...

0 ( +0 / -0 )

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