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China threatens retaliation if U.S. tariff hikes go ahead

30 Comments
By JOE McDONALD

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30 Comments
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The U.S., Japan, Europe and other partners complain Chinese plans...

So most of the free world has a problem with China's trade practices, but Trump is still wrong for standing up to them. You guys would hate him if he cured cancer.

3 ( +9 / -6 )

Beijing will take unspecified "necessary countermeasures," the Cabinet said in a one-sentence statement.

Nothing like vague threats to showcase that you don't have good plan of action.

Go ahead devalue the currency, it will make your exports more attractive and bring increase sales

,but on the other hand, it kill your any growth that you have since the cost capital will increase significantly and also your foreign debt.

What's that you say? We have large dollar reserves.

Go ahead and use it, but defeats the purpose of having those reserves. Which were meant to use in extreme global uncertainty/ like a government overthrow or a full financial meltdown.

So either Chinar is really nervous or they don't know what their doing.

2 ( +4 / -2 )

extanker: You guys would hate him if he cured cancer.

Trump would make cancer worse and his fans would say, "At least he's doing something!"

2 ( +5 / -3 )

It’s a good thing that trade wars are so easy to win.

Still never actually seen one won, but Dear Leader told us they are, so it must be true, right? Trumpets? Is winning trade wars as easy as Dear Leader says it is?

2 ( +3 / -1 )

I guess according to all the brilliant posters on this site, the U.S.A. should just live on her knees, never try to re-negotiate anything with any country and just suck it up and be grateful that the world takes advantage of us.

2 ( +3 / -1 )

The moron and chief has already folded and is now asking for a behind the scenes closed meeting to sell out the US again in exchange for some good publicity for himself.

He will sell off the entire country just, so he won't lose the next election.

1 ( +7 / -6 )

Again, for those that bash Trump on this issue, what would YOU do about China?

Diplomacy with China is a non-starter. China breaks virtually every contract/international law out there and will continue to do so.

I don't agree with Trump on many issues, but I do agree with his stance on China.

1 ( +8 / -7 )

One nice thing about Trump:

conservatives will never be able to live him down.

1 ( +3 / -2 )

So Trumpets - what do you think, did Trump know what he was talking about when he said that winning trade wars was easy? And if he did know what he was talking about, then what is behind not having won any yet? Is it strategy? And what exactly would that strategy be?

1 ( +1 / -0 )

Zero progress. Trump is ineffective at this level.

0 ( +5 / -5 )

 You guys would hate him if he cured cancer.

Trump will never to anything that groundbreaking , firstly doesnt have the intelligence second he doesn't do anything unless he can make a buck from it. So lets stop pretending that Trump would do anything for the greater good of humanity like curing cancer.

The USA will do just fine without China. It's 20 trillion dollar economy is not going to go away.

and Im sure China will do the same , Chinas economy will surpass the US eventually nothing short of nuclear war will stop that.

0 ( +5 / -5 )

So most of the free world has a problem with China's trade practices, but Trump is still wrong for standing up to them.

Absolutely incorrect. We completely disagree with the bumbling way Donny is going about this, not that he's addressing the issue. To understand this, you'd have to understand nuance though.

You guys would hate him if he cured cancer.

Only if he did it in a bumbling way that hard far more people than it helped.

0 ( +2 / -2 )

The rest of the world is on our side. But Trump decided to go at it alone because he's unable to form coalitions. Wasted opportunity.

0 ( +1 / -1 )

Chinas ecomnomy will be the largest in the world within 20yrs and any country that want to get shut out of the massive profits from their growing 300million middle class is just plain stupid

You're right, at current trajectory it is a mathematical certainty that they will surpass the united states.

Do you know why?

Its not because they have ingenuity (they have none), or because of incredible strategic management (there is none), but it's simply because they have more people

more= more production = more consumption = more inputs

But I have incredible faith that Chinar will mess it up, like they way they handled the financial situation from a couple years ago when the Shanghai Composite dropped to its lowest level. The world was baffled the way they handled that situation.

If the currency is devalued then profits will shrink significantly from and foreign perspective and doing business in that market will not be as attractive.

But I think ulterior motive is to create strong demand from local products by making foreign imports incredibly expensive lessening consumer choices.

0 ( +0 / -0 )

I have incredible faith that Chinar will mess it up

If centuries of Chinese history have shown us anything, it's that the Chines are poor at building foundations. They build amazing things, but without the foundation, they quickly fall.

The Chinese economy may have been booming for the past few decades, but that's a short blip in history, and the collapse due to a weak foundation is inevitable.

0 ( +1 / -1 )

The Chinese economy may have been booming for the past few decades, but that's a short blip in history, and the collapse due to a weak foundation is inevitable.

100 percent correct!

0 ( +0 / -0 )

Too bad Obama didn't take care of this China problem during his eight years. It's getting done now.

0 ( +1 / -1 )

Too bad Obama didn't take care of this China problem during his eight years. It's getting done now.

I'm sure all those farmers, steelworkers and construction folks are saying that exact thing - as they lose their jobs...

And how come none of the Trumpers here will explain if China is such an unfair trader, why Donnie and Ivanka get their clothes, ties and shoes made in Chinese sweatshops, cheating US workers out of a job?

https://www.nbcnews.com/politics/donald-trump/trump-event-touted-made-america-goods-lot-his-merchandise-couldn-n893656

0 ( +0 / -0 )

So Trumpets - what do you think, did Trump know what he was talking about when he said that winning trade wars was easy? And if he did know what he was talking about, then what is behind not having won any yet? Is it strategy? And what exactly would that strategy be?

Mueller? Mueller?

0 ( +0 / -0 )

DOW plunged some 600 points in one day. Trump owns it all. Now he's admitting that it's hurting the American people -- his trade war that is "easy to win".

-1 ( +7 / -8 )

The USA will do just fine without China. It's 20 trillion dollar economy is not going to go away.

-1 ( +4 / -5 )

So either Chinar is really nervous or they don't know what their doing.

China knows what theyre doing, if the trade war gets really bad then they can bascially shut out US companies doing business in China. Chinas ecomnomy will be the largest in the world within 20yrs and any country that want to get shut out of the massive profits from their growing 300million middle class is just plain stupid. Chinas exports account for 20% of its economy of that 4% go to the US. 80% of its economy is domestic and growing yearly.

-1 ( +3 / -4 )

It's interesting how he's backtracking now, after all the talk about China paying for the tariffs.

You guys would hate him if he cured cancer.

Liars and charlatans tend to be inventive, sure. But their medicine shows don't sell cures.

-1 ( +1 / -2 )

KC-130’s rule the sky...

-1 ( +0 / -1 )

Japan should step in and ask both the US and China to not go any further, especially the new 10% tariff that would affect almost all goods coming in to US.

China just buy the soybeans like Trump needs you to buy. They back down on Huawei. I know it's tempting to be like North Korea and get a better deal but you'll suffer a lot more in the end.

-1 ( +0 / -1 )

DOW plunged some 600 points in one day. Trump owns it all.

Bounced back again. DOW looking good again as the S&P 500, you’re right he owns it.

Now he's admitting that it's hurting the American people -- his trade war that is "easy to win".

He never said it didn’t. Everyone knew it was going to be painful, but look on the bright side, spending is up, what a relief and Walmart is making a nice profit.

-1 ( +0 / -1 )

Too bad Obama didn't take care of this China problem during his eight years. It's getting done now.

Yes, how dare Obama not have fixed every problem in the world in his eight years.

I can't wait to blame Trump for every unsolved problem when his presidency is done. How dare he not solve al the world's problems?

Every president has the responsibility to fix everything, always, right Serrano? That makes sense, right?

...right?

-1 ( +0 / -1 )

Everyone knew it was going to be painful

Trump didn't. He said, and I quote, "winning trade wars is easy".

Why hasn't he won yet? I don't get it, didn't he say it was easy?

-1 ( +0 / -1 )

the U.S.A. should just live on her knees, never try to re-negotiate anything with any country 

Yes, I believe that is a European point of view.

-3 ( +0 / -3 )

Go China... on this issue.Bullies don't like it when they get it back. With an election to worry about and farmers to appease,he will fold soon enough because he's all foam,no beer

-4 ( +4 / -8 )

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