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China warns Washington's trade actions will hurt U.S. workers

7 Comments
By Yawen Chen and Se Young Lee

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7 Comments
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But then it will hurt Chinese workers more.

Wake up world.., this is macro-economics that is being used and touted as if that affects micro-economic conditions directly and immediately.

Even with Amazon and Walmart, the small mama-papa stores still survive.

Even with hundreds of instant "ramen" brands and types in the market, the original brand still sells by the cases.

Spend time figuring out how best to meet the new trade conditions where tariffs can and will make a difference. For the US, China is NOT the ONLY market.

Japan's "kawara", the traditional Japanese ceramic roof tiles are losing market share in Japan, but increasing in Russia and other European nations even with tariffs.

There is always an option and an out to trade inconveniences such as tariffs.

2 ( +4 / -2 )

china and their usual fear-mongering and threats.

0 ( +3 / -3 )

"Washington's trade actions will hurt U.S. workers"

Not in the long run.

-1 ( +2 / -3 )

China's commerce ministry on Thursday accused the United States of being "capricious" over bilateral trade issues

They should check first if they aren't using words that Trump does't know.

4 ( +4 / -0 )

The current trade imbalance has been gradually hurting American workers for decades. Just eliminate all tariffs and compete. China doesn’t need its mercantile trade policies- it only hurts their workers.

0 ( +1 / -1 )

Kazetsukai, “But then it will hurt Chinese workers more.” How so? China’s trades are the most diversified and flexible, it’s traded with more countries than the US. China is the US’ largest trading partner but not the other way around. Why do you think Trump wants to apply only 10% of the duties and not 25% for all the Chinese products? Wouldn’t slap more duties hurt China more? Ultimately it will hurt US consumers and workers more because a lot of products are also owned by the US partners. When the profits are squeezed they will lay off workers in the US first because of unfavourable labour costs and the Chinese workers are more hard-working and also needed for other markets. Poor people will be hurt the most in the US and the effect of the recent tax cuts will be muted. Spiralling effects will be more intense in the US than China which is a controlled and more flexible economy. If the trade war is really on, the US stock markets will be more affected because it does not have much controls or the money to ease the impact unlike China.

The objective of what Trump is trying to do is to prevent China from moving up the value chain and being in control of the future technology products. He is using trade deficits and IP thefts, etc as excuses. It’s all because of “Made in China 2025,” the US is so afraid of it. Trump is fooling the people to think that China is bad because the US has huge trade deficit with China, but he doesn’t blame his own people who are the ones buying stuff from China. China doesn’t force them to buy, and China even helps them by supplying the products with low prices. The US only wants to sell the agricultural products to China and then blame China for not buying more. Blaming China for everything to gain political points is low and not the right way for a country to progress.

0 ( +1 / -1 )

Donald John Trump only understands the use of force and being influenced by force. His perception of weakness is his signal to use more force. Thus China needs to stand up to Trump and thus stand up for the other nations of the world like Japan. If China does not place tariffs, Trump will go even further in his efforts to destroy world peace.

0 ( +0 / -0 )

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