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Chinese state media slams Trump's 'gang of hoodlums'

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By Michael Martina and David Lawder

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"Trump's 'gang of hoodlums'

So say the stealers of American technology.

-1 ( +9 / -10 )

Coming from China??? Oh, that’s rich. They have NO room to talk!

-3 ( +0 / -3 )

Serrano: "So say the stealers of American technology."

American technology made in China, maybe. But then, you guys never do like to admit that all your "Made in America" goods are not that at all, do you? I mean, amidst this trade war which Trump created, with companies on both sides already losing orders, did you know one Chinese company's output is actually INCREASING? Yup, it's the company that is getting orders to make Trump's 2020 campaign goods.

https://edition.cnn.com/2018/07/05/politics/china-trade-trump-2020-flags/index.html

3 ( +9 / -6 )

The irony is that the Chinese government actually is a 'gang of hoodlums' but they are made to look good by Trump over this cretinous tariff issue. He has handed them credibility.

9 ( +11 / -2 )

Ill be fine. Not so much for the farmers.

9 ( +9 / -0 )

theeastisred: "The irony is that the Chinese government actually is a 'gang of hoodlums' but they are made to look good by Trump over this cretinous tariff issue. He has handed them credibility."

I'm not sure that is irony, since the comment comes from Chinese media (about hoodlums), but you are otherwise bang on. And to add, Trump has made Xi look like an absolute genius, and given him more power than ever.

0 ( +0 / -0 )

theeastisred: "The irony is that the Chinese government actually is a 'gang of hoodlums' but they are made to look good by Trump over this cretinous tariff issue. He has handed them credibility."

Ok, that’s one opinion.

I'm not sure that is irony, since the comment comes from Chinese media (about hoodlums), but you are otherwise bang on. And to add, Trump has made Xi look like an absolute genius, and given him more power than ever.

You think so? Uh-ok.

-1 ( +0 / -1 )

Coming from China??? Oh, that’s rich. They have NO room to talk!

Even a broken clock is correct twice a day.

1 ( +3 / -2 )

Interesting to see China interfere in the currency markets, it was bolting, and shut down the stock exchange, again. It was getting pummeled. Mind you at just $5 trillion compared to $25 trillion market cap there is not so much risk for China on that side.

At the end of this I hope the U.S is on the path to shrinking its deficit with China. Specifically there is an opportunity for the U.S to poach Taiwanese expertise as I have said elsewhere in developing a consumer electronics manufacturing industry in the U.S, both due to this trade war, uncertainty going forward after and the fact that Taiwan might be invaded. It could help to radically shrink the deficit in trade and along with more low end apparel and footwear purchases from the rest of Asia and even South America perhaps, instead of China, could see the U.S make genuine headway.

https://atlas.media.mit.edu/en/visualize/tree_map/hs92/export/chn/usa/show/2016/

If the U.S can see the green and the teal shrink significantly over the medium term-long term, that would be a very solid step in the right direction. If they can build some high end, highly automated manufacturing plants for tech that would be an opportunity to not just shrink the deficit with China but perhaps actually export that sort of product to the rest of the world, like Europe, in which they ran a $150 billion deficit in 2017.

https://www.census.gov/foreign-trade/balance/c0003.html

-4 ( +1 / -5 )

At least one family member in the TrumpKushner syndicate is a convicted felon. Accusations of their involvement in money laundering and other crimes are currently being investigated. Trump has long been said to have dealings with members of organized crime in the US and several other countries.

However, it's still rich that China is name calling - something about people in glass houses should STFU. But when the US-name-caller-in-chief has dragged the US and its international relations to arguably the lowest level ever, this is to be expected.

2 ( +3 / -1 )

Ill be fine. Not so much for the farmers.

The breadth of China's retaliation in terms of products is more restricted with as you say, U.S farmers taking the brunt of it which should enable the U.S to target that perhaps in terms of some short term aid?

-3 ( +0 / -3 )

It’s amazing that China has become the adult in the room.

0 ( +4 / -4 )

However, it's still rich that China is name calling - something about people in glass houses should STFU.

I agree.

But when the US-name-caller-in-chief has dragged the US and its international relations to arguably the lowest level ever, this is to be expected.

At the same time I am happy that this president for trying to fix the wrongs of the last 4 presidents that have bungled trade over the last 30 years.

-3 ( +3 / -6 )

The recent Chinese government approvals concerning Ivanka's business probably isn't helping. It makes the Trumps look like tough talkers but it's business as usual behind the scenes.

The Trump brand will increase their investment and manufacturing in China in the near future. Look for Trump to attack American companies and put the squeeze on the farmers and working class. They will sacrifice while Trump expands his business in China and imports more foreign workers for his resorts.

And I'm fine with that. They voted for him, they can leave me out of it. You reap what you sow.

3 ( +4 / -1 )

Foreign companies accounted for $20 billion, or 59 percent, of the $34 billion of exports from China that would be subject to new U.S. tariffs, with U.S. firms accounting for a significant part of that 59 percent, Gao said.

This is a part of the article worth highlighting - Chinese companies aren't even the ones going to be paying the majority of the tariffs, foreign and particularly American ones are.

Trump really is running the stupidest trade war strategy in history here.

4 ( +4 / -0 )

Nixon was the first Chinese president, yes? The 37th President

I wasn’t talking about that meaning going all the way back to you know from Bush 41 and on up to Obama administration’s have completely underestimated and allowed with disregard for The American working class.

And I'm fine with that. They voted for him, they can leave me out of it. You reap what you sow.

Funny as if liberals could do better, but then again, they can always create more government jobs to help more government workers. Ahh, the party of globalism. Smh.

-6 ( +1 / -7 )

Day One... China Currency Manipulator!!!.... Oh, sorry, smoke up the bung to get elected :)

-Quoth Trump Supporters (and odd-million excuses)

Thanks for the wife's trademark approvals ahead of schedule, thanks for the Indonesian investment, don't worry, even in light of violating the USA's interests, I will save ZTE's existence.

-Quoth in Paraphrase would-be-king-tiny-hands

Sorry Trumpettes, too little too late. Love and worship your idol. You would and have sold America to the CCP, you would and have catered to Putin and North Korea. You Trumpettes can whine and wheeze all you want, but you have and would use the USA's constitution as toilet paper to achieve quick profits for corporate America.

Trump's inveterate love of the CCP (to his own corporation's advantages... Not the general American's) is all you need to know about him. Have fun with that, Trumpettes. Happy you and your master are making money off of the middle class. Cheers!

But, to be fare, its nothing knew... And the Trumpettes love to use as much socialism as they can to save money and then bag on everyone irrationally and claim ... Fill in the blank.

So... Remember, accordning to Trumpettes... The CCP is a currency manipulator... But its Trump's manipulator... So its OK. Cheer!

Trump... The ultimate "communist"... Dictate, work with dictators, whine, and make sure, at the end of the day, you made yourself rich at the expense of other people. Just like Chinese dictators...

2 ( +2 / -0 )

This is a part of the article worth highlighting - Chinese companies aren't even the ones going to be paying the majority of the tariffs, foreign and particularly American ones are.

Which when maintained forces those companies to look outside of China for what they need.

That is part of the calculation on this issue. Its as much designed to force the hand of U.S companies as it is designed to punish Chinese ones....

Its all very, VERY early days. The long term consequences of this might take years to play out and I don't think it ends with Trumps presidency either. Sooner or later the U.S will realize you can't keep sending $500 billion in sales to what is suppose to be your primary strategic competitor forever. That really is the definition of stupid.

-2 ( +0 / -2 )

Except that would be the American corps and business which took themselves out of the country and into Asia. They didn't give a damn about the worker, like cattle fodder.

When U.S Inc starts complaining about the impacts of these tariffs, that is a card that Trump should play.

He should remind people that many of the same U.S companies that moved offshore and cut U.S workers are the same winging now.

-2 ( +0 / -2 )

Which when maintained forces those companies to look outside of China for what they need.

And they'll just find it in Vietnam or Indonesia or somewhere else, shifting part of the trade imbalance to other countries. I fail to see how that benefits the US at all, and it undermines the effectiveness of tariffs against the Chinese government in particular when the costs are mostly borne by US rather than Chinese companies.

That is part of the calculation on this issue. Its as much designed to force the hand of U.S companies as it is designed to punish Chinese ones....

It obviously isn't well designed based on any such calculations since as I said above, those companies can freely move to Vietnam, etc. This is just hamfisted nonsense of a policy.

Its all very, VERY early days. The long term consequences of this might take years to play out and I don't think it ends with Trumps presidency either. Sooner or later the U.S will realize you can't keep sending $500 billion in sales to what is suppose to be your primary strategic competitor forever. That really is the definition of stupid.

I agree that it is early days, but I have little doubt that the consequences will play out within the next year or two if Trump continues down the path of escalating the tariff war.

2 ( +2 / -0 )

Wow can't believe all the Chinese haters on here. The US should be careful of biting the hand that feeds. Corporate America abandoned its workers years ago, not only for huge profits and to satisfy its shareholders but for cheaper labour in China and Asia, but first there was Japan let us not forget. Not only the US but Europe as well, they got tired of fighting the unions. But lets get back to the US, Japanese and Chinese are huge investors in America, building plants creating jobs, buying US debt, but that's not mentioned, Here is a link to one such Chinese investor, at the moment he has created 2000 jobs with a possible 1500 more to be added, and all in a closed down General Motors plant that laid of 1100 workers, without shedding a tear. https://news.vice.com/en_us/article/paz5gy/meet-the-chinese-billionaire-who-chose-to-open-shop-in-ohio.

So please stop bashing the Chinese and look at what the US government is doing to America under Trump, and don't give me , Oh look at the unemployment rate, that was started under Obama and was growing steadily. Facts or out there if you care to look, the world of the internet is drowning in knowledge and facts. I have no political agenda, I think all governments are incompetent and corrupt, political leaders are all graduates of the University of BS. The bigger problem is , we know that and we still elect them into office. Well that's my opinion done for today. See ya.

1 ( +3 / -2 )

yes China a very credible source... (not)

-1 ( +1 / -2 )

And they'll just find it in Vietnam or Indonesia or somewhere else, shifting part of the trade imbalance to other countries.

Firstly whether its a deficit or surplus depends on the countries we are talking about. Secondly, that would be a fine outcome. That gives the U.S more clout with countries that are more likely to play reasonably fair. It gives the U.S more leverage in forming bilateral trade agreements. It also allows the U.S to influence their behavior to be more fair in trade. Vietnam and Indonesia are also not global strategic threats, which China is according to their recent defense review. Again, I come back to the point. Why give $500 billion a year to a country that the Pentagon considers a potentially massive threat? Do you disagree with that conclusion? If not, what is your answer? Its not like that conclusion doesn't have a level of bipartisan support either.

It obviously isn't well designed based on any such calculations since as I said above, those companies can freely move to Vietnam, etc. This is just hamfisted nonsense of a policy.

Answered. I agree, I dont think its particularly elegant and its not the path I would choose even though I see the need for the U.S to take action. But thats Trump. He is not grand, details oriented strategic planner and he also can't dictate what companies in the U.S do, unlike China, which suggests that micro management is probably wasted effort anyway.

-2 ( +0 / -2 )

,” unless countries stand together to oppose it."

LoL........ yeah, the countries (including Japan) who have great trade surpluses with US each fiscal year. Must be nice.

-2 ( +0 / -2 )

Except that would be the American corps and business which took themselves out of the country and into Asia. They didn't give a damn about the worker, like cattle fodder.

As if the left cared at all about the middle class, when you have a working class that’s neglected in States that have voted historically blue and vote for the Republican, you know you just hit the fan.

-4 ( +0 / -4 )

Dango bong

yes China a very credible source... (not)

And the US is?

1 ( +1 / -0 )

Go for it Trump, when China loses much of the glutinous American market and starts closing factories, then and only then, will they be willing to talk about fair trade.

-4 ( +0 / -4 )

Firstly whether its a deficit or surplus depends on the countries we are talking about. Secondly, that would be a fine outcome. That gives the U.S more clout with countries that are more likely to play reasonably fair. It gives the U.S more leverage in forming bilateral trade agreements. It also allows the U.S to influence their behavior to be more fair in trade. Vietnam and Indonesia are also not global strategic threats, which China is according to their recent defense review. Again, I come back to the point. Why give $500 billion a year to a country that the Pentagon considers a potentially massive threat? Do you disagree with that conclusion? If not, what is your answer? Its not like that conclusion doesn't have a level of bipartisan support either.

This is getting circular, the US isn’t giving China 500 billion a year, as stated above most of the purchases are going to foreign firms.

If you want to alter the trade imbalance with China this isn’t the way to do it. Making China play by WTO rules would help, but Trump is intent on destroying those. Building consensus with allies with similar concerns and taking coordinated actionwould help, but Trump has made them into de facto allies of China by declaring trade wars against them too. Forming a regional trade block to contain Chinese influence would help but Trump pulled out of that tooo because Obama.

So you are left with tariffs that will hurt your own economy and the only cogent argument being advanced by Trump supporters is that China will suffer more. It’s stupid. Trump hasn’t even put forward any demands which would form the basis of negotiations.

2 ( +2 / -0 )

China band US companies:

http://www.datacenterdynamics.com/content-tracks/security-risk/chinese-government-bans-purchase-of-cisco-and-apple-products/93460.fullarticle

They also demanded source code: https://www.nytimes.com/2015/01/29/technology/in-china-new-cybersecurity-rules-perturb-western-tech-companies.html

Cisco gave in: https://www.computerworld.com/article/2937240/networking-hardware/cisco-to-make-10b-investment-in-china.html

Just a few months ago, China threatened companies not including "China" in the Taiwan names: https://foreignpolicy.com/2018/04/27/china-threatens-u-s-airlines-over-taiwan-references-united-american-flight-beijing/

So what the US is doing isn't without precedent. China HAS been raping non-Chinese tech companies for decades. Who made their high-speed rail possible?

If China doesn't drop their Great-Firewall, allow uncensored comments on the internet, we should cut them off. Poo Bear should like that.

0 ( +0 / -0 )

While China announced 'Made in China 2025' plan for high tech and science, Trump announced 30% cut for National Science Foundation. 

If Trump were to have any vision, he would have proposed something like "Made in USA 2025", increases funding for science and R&D instead of cutting it. Protectionism will not bring back jobs but innovation will.

5 ( +5 / -0 )

Well if Trump can't stop Trump from manufacturing in China, what makes you think Obama could have done it?

2 ( +2 / -0 )

If Trump were to have any vision, he would have proposed something like "Made in USA 2025", increases funding for science and R&D instead of cutting it. Protectionism will not bring back jobs but innovation will.

Nah, "vision" is not gonna happen for someone who wants to return to previous decades of the 50s~80s... When corporate Japan was a "threat".

True, though that innovation and scientific advancement is what needs to be focused on [Fist bump]. But herp-a-durp Trump only things about immediate profit with a joke corporate mindset.

1 ( +1 / -0 )

China is definitely not one to talk in the long run though. It's like watching 2 pigs in a mud-slinging contest except one is spewing a bit more manure than it used to.

1 ( +1 / -0 )

Go for it Trump, when China loses much of the glutinous American market and starts closing factories, then and only then, will they be willing to talk about fair trade.

The T clowns having a hard one again. Export makes up 19.4 % of the Chinese GDP.

Countries more depending of export will be hit harder

American companies with huge interests in China are possible the first to be hurt. Companies in the US face more expensive parts from China with the consumer paying the difference. Foreign car companies active in the US might be hit twice, more expensive imported parts and possible sales drops in the export to China.

When a factory in China is closing down the employees go back to their villages of origin and go after the pigs and feed the chickens again. Laid off US employees may end up in a tent camp. No winners in a trade war.

2 ( +2 / -0 )

Protectionist dumping countries ignore WTO to keep their large unfair trade surpluses.

-2 ( +0 / -2 )

Protectionist dumping countries ignore WTO to keep their large unfair trade surpluses.

Nah, your Leader has his own view on the WTO...

http://fortune.com/2018/06/29/trump-wto-withdrawal/

0 ( +0 / -0 )

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