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© 2018 AFPChina says it can't hold US trade talks with 'knife to the throat'
By Ryan McMorrow BEIJING©2024 GPlusMedia Inc.
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© 2018 AFP
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Chip Star
How much more welfare will Trump distribute to those affected by his asinine trade war?
Will Trump accept responsibility for the taxes in the form of increased costs that are passed to consumers because of his ill-considered trade war?
Schopenhauer
China should thank U.S. and other free world members. Their economic success owes greatly to those countries. China rode free on the trade and economic system of the capitalism world. They copied, stole or took forcefully technologies from businesses that operate in China. By providing cheap labor of their huge population and offering state owned or seized large land, China grew to the world factory under strong control of the communist party limiting the freedom of people widely.
JeffLee
Whereas China, the great communist mercantilist dictatorship, has always maintained "this type of large-scale trade restrictions."
Triring
PRC has some nerves, if you read about what they are doing in Zambia, Sri Lanka, Maldives Isles, Malyasia,etc. first providing loans under the name of economic aids beyond their means and then take away the property as collateral once the countries are not able to pay.
Basically they are committing a new form of colonialism.
Chip Star
This is pretty much what the IMF and World Bank do.
Hung Nguyen
To be clear, China does not have to talk with the US if it does not feel comfortable with the shadow of Trump's knife.
sf2k
China appears to be asking if there is someone reasonable in the White House
Wakarimasen
Agree. Tibet. Taiwan. South China Sea. All examples of China holding a large knife to smaller countries' throats.
Serrano
"tariffs that are like "holding a knife to someone's throat".
Oh, so the tariffs ARE having an effect. I believe Trump has their full attention now.
US on a collision course with China: Gen. Jack Keane
https://www.youtube.com/watch?v=o79KjRHSCeU
Blacklabel
Thought Trump is an idiot and that these tariffs have no impact and are useless? China will just laugh at him and put tariffs on the same amount of our stuff, no?
Well well well.,...
Chip Star
He is.
You seem to be jumping to conclusions. It is too early to determine the value of the tariffs. China cannot put tariffs on the same amount of our stuff because they do not import the same amount of our stuff as we do their stuff.
We have seen the impact of China's tariffs already in the form of billions of dollars of welfare going farmers, who are mostly conservative. It's beyond hilarious that conservatives are taking government handouts given they constantly rail against them.
Blacklabel
Aha exactly what I told all the liberals who told me China was just ignore this. Glad you finally realized this.
Miyam_Musashi
When the US unilaterally revokes China's MFN (Most Favored Nation) status made "permanent" under Clinton, then yes, it would be cause for complaint.
Lest that happen, China should quickly learn to deal fairly with the USA, most importantly in terms of unregulated theft of intellectual property, not only of the US, but of Japan and the entire world, along with one-sided trade tariffs and onerous regulations imposed on companies and goods as a barrier to entry to the Chinese market, inter-alia.
Blacklabel
Yeah that idiot Trump and his record breaking economy and winning the trade wars. Obama was so smart he designed his economic plan to show growth only 2 years after he was out of office. Genius, I say.
ClippetyClop
You been reading 'The Donald Trump Book of Facts' again chum?
Blacklabel
Then tell me how Obama gets credit for an ecomony now when he was elected nearly 10 years ago?
and the farmers? Doing fine despite the China tariffs.
https://thehill.com/homenews/state-watch/408187-economy-recovers-in-trump-country-but-can-it-last
Blacklabel
“Since President Trump took office, counties that voted for him in 2016 have seen faster job growth than have counties that voted for Hillary Clinton.”
meanwhile all China can do is cry to the world about being “bullied” on trade. Winning!
ClippetyClop
But he didn't leave office 10 years ago, did he? Is it ridiculous to consider that the policies of a previous government may have some effect after that government has left? Why are you so obsessed with one man claiming complete and total credit for an entire nation's effort?
Let me ask you again; is this statement true?
Chip Star
Aha, I never once said this. Glad to see you lumping everyone together.
You clearly have no idea about economics. Try doing a little research and you'll see there is always a lag between policy implementation and effects thereof.
Let's see if this is due to Trump? From the article:
But rising commodity prices have injected a new optimism into the region.
. . .
Some of the successes in rural America have come from things outside a president’s control. Oil and gas prices, which bottomed out after the recession, have helped turn on pumps that were left idle.
Nope. Commodity prices are outside a president's control. Reading comprehension is difficult.
theFu
I can't think of anything made in China that I absolutely must have. Hold the line until they fix:
their corporate law
biases against dealing with foreign companies
censorship, freedom of speech, assembly, travel, & religion
govt spying
single-party rule / dictatorship of Xi
South China Sea disputes
Tibet
TaiwanThe USA needs to step up checks for manufactured goods from nearby nations owned by Chinese companies too. Skirting the spirit of the law shouldn't be allowed.
Don't forget with whom we are dealing.
Triring
Chip StarToday 05:26 pm JST
Care to provide us with some examples?
By the way, IMF is not a development bank and only provides money to nations that had defaulted so they can't seize any collateral in the first place. Greece and SK are a prime examples.
Blacklabel
So he totally ignored the economy for 8 entire years then did something the last week he was in office that is just paying off now? It’s ridiculous. Give it up. Winning the trade wars and winning the economy.
Blacklabel
A 10 year lag? Didn’t he do anything as soon as he got elected? What year was something done that has caused the current economy? And what was that something, exactly? The tariffs against China are going very well thank you.
wtfjapan
China will just laugh at him and put tariffs on the same amount of our stuff, no?
Well well well.,...
China hasnt even started to target US companies manufacturing in China yet, if / when they do that's when US growth will fall. Moving production to more expensive countries will just put US companies at a disadvantage to foreign rivals that also manufacture in China, there's a reason why China is the world's factory.
oyatoi
In the finest tradition of Sun Tzu, the Chinese game plan in response to Trump’s demands; stall, make promises that they have no intention of keeping, then stall some more, all the while letting the clock run down until Trump eventually loses office and things return to how they used to be. How richly ironic that a country so implacably opposed to availing its own people of democratic rights has no compunction about depending on the American people to rescue them from misfortune that was very much of their own making.
Udondashi
Good job Mr. Trump. I wish Japan had a leader like him.
wtfjapan
what many fail to realise is that China entire export sector accounts for just 18.5% of it whole GDP of this 18.5%
19% of all its exports went to the US. this means that all of Chinese exports to the US account for about 3.5% of its entire GDP. So while a tarriff war isnt favourable for either the US or China, China can easily survive and tarriffs the US throws at it and it certainly wont crash its economy as many think it will. Vast majority of Chinas GDP is domestic, US or any other country doesnt want to be shut of of this massive market and soon to be the largest in the world.
ClippetyClop
You're right Black, that is ridiculous. He presided over a steadily growing economy for almost his entire two terms. But he didn't have to lie about the statistics, or boast that it was all his own doing. It's called 'doing your job'. So I'll give it up if you get a grip.
I'll try a third time. Was there economic growth when Obama was President, or are you making things up again?
CrazyJoe
Speaking of "knives to the throat".
How about China's requirement that businesses give the Chinese government an equity stake to do business in China?
How about China's requirement that tech companies give the Chinese government free use of the companies patents?
How about China's requirement that ALL tech equipment sold in China have a back door for the Chinese government?
How about China's requirement that all internet services have both back doors and censorship functions.
I probably missed some but these are probably the top 5 knives.
Netgrump
A 'new form of colonialism' is just the perception it's just a bilateral deal. China is not ruling those countries and although some African countries showed concern about the Chinese influence it's way preferable above the colonialism of the old days as they gain too by the projects.
Netgrump
When one has some understanding of the economy, stats and figures it's clear.
But it requires some basic knowledge of math, text interpretation etc.
Yea, Juncker offered to take over the soybeans destinated for China. The EU faced higher prices for Brazilian soybeans as China demanded more and got cheap beans from the US instead...
US multinationals involved in that biz are thriving..the best margins ever..globalization with a Z !
It was a great deal settled by some Juncker kisses on Trumps cheek :)
Trade is beautiful !
starpunk
Yes, and the Uighur ethnic group in Western China too. The PRC has a lot of room to talk.
The PRC isn't going to negotiate anything with that obnoxious orangutan in the White House. The Chinese government won't even talk with that immature fool. And his daughter pulled out her fashion line interests from China anyway. Nobody wants to buy that crap, even if they could afford it.
theFu
Yes there is.
Cheap labor.
Few to ZERO enforced labor laws. https://www.economist.com/china/2017/08/17/chinas-labour-law-is-no-use-to-those-who-need-it-most
Constant and continuous stealing of the intellectual property from others. https://www.bloomberg.com/news/articles/2018-03-22/what-s-intellectual-property-and-does-china-steal-it-quicktake
Few to ZERO environmental laws. https://cjal.columbia.edu/article/explaining-the-failure-of-environmental-law-in-china/ They are getting better and trying, but the level of corruption is so huge to make cheating a way of life.
Yep. There is a reason.