The Foreign Trade Thread

[carlos86]

 

[Velo Vol]

This is a pretty good podcast on the imbalance with China.

The guest says the way to ultimately resolve it is not with tariffs, but by getting China to restructure its domestic economy.

Chinese Financial Repression

 

[Velo Vol]

Moving the goalposts.

 

[carlos86]

 

[Velo Vol]

Desperate to make a deal . . .

 

[Big Gucci Sosa]

Less than 12 hours here? Lol Chinese propaganda

 

[Big Gucci Sosa]

 

[UT_VOLS13]

US-China reach trade war 'pause'

 

[Velo Vol]

 

[BigOrangeD]

 

[BigOrangeD]

 

[Velo Vol]

 

[Velo Vol]

About that deal . . .

 

[0nelilreb]

About that deal . . .

I see it this way , if China is willing to deal before the 2020 election they are showing some confidence in Trump being around to deal . I don’t see any reason for them to deal until after they see how it turns out unless they are hurting way more than anyone is telling us and they can’t wait that long . Makes zero sense for them to deal now .

 

[Velo Vol]

I see it this way , if China is willing to deal before the 2020 election they are showing some confidence in Trump being around to deal . I don’t see any reason for them to deal until after they see how it turns out unless they are hurting way more than anyone is telling us and they can’t wait that long . Makes zero sense for them to deal now .

It is hurting to some extent--slow growth, food inflation.

As with most negotiations, whether or not they agree to a deal depends on what's offered. If the US continues to insist on hard domestic structural reforms (a "grand" deal), I don't see it happening. If the US offers a smaller deal (China buys more stuff), then maybe.

 

[Velo Vol]

 

[NEVolFan]

There you have it... f the economy, lets get Trump. You libs are special.

What is House Speaker Nancy Pelosi (D-Calif.) waiting for? Is she in? Or isn't she? Almost everyone agrees the USMCA would pass the House by a comfortable margin, if rank-and-file members are allowed to take a vote, and it would pass easily in the Senate.

Pelosi is said to be pushed by her hardline “Never Trump” caucus to avoid giving this president any economic or foreign policy victory, even if it helps their own workers and districts.

 

[n_huffhines]

Told you this would happen:

"A trade deal with China could finally be here! It's a good one, too, according to President Donald Trump, who said last week, "So, we just made what, I guess, is one of the biggest deals that's been made in a long time, with China." He added, "If you look at the deal, the deal is so incredible. The deal is a great deal." Then we learned that there isn't actually a real deal yet, just a tentative proposal. It's also far from the comprehensive deal that Trump once promised.

Either way, one must ask: Was it worth it?

The president is understandably eager to make the case for his tariff strategy. Yet, objectively, the deal is at best a mini-deal. At worst, it's a joke that pretty much fails to accomplish the goals Trump was trying to achieve. Most noticeably, it fails to get a commitment from the Chinese government to give up its protectionist and authoritarian grip on its economy. It's also unclear as to whether the deal will succeed in forcing China to stop asking foreign companies to hand over trade secrets. And China will undoubtedly continue to use its state-owned enterprises to artificially direct resources toward—and subsidize—favored industries.

​

Worst of all, the deal would actually reinforce these Chinese behaviors. For instance, the deal in question would require that China use its state-owned enterprises to buy $40 billion to $50 billion worth of American agricultural products annually—instead of the roughly $20 billion it bought previously. That's no victory. That's a concession China already agreed to more than two years ago. And that's pursuing the very sort of top-down, government-directed policy Trump claimed he wanted to change in the first place."

Trump Is Still Losing His Own Trade War

 

[n_huffhines]

There you have it... f the economy, lets get Trump. You libs are special.

What is House Speaker Nancy Pelosi (D-Calif.) waiting for? Is she in? Or isn't she? Almost everyone agrees the USMCA would pass the House by a comfortable margin, if rank-and-file members are allowed to take a vote, and it would pass easily in the Senate.

Pelosi is said to be pushed by her hardline “Never Trump” caucus to avoid giving this president any economic or foreign policy victory, even if it helps their own workers and districts.

The libs are f-ing up the economy by playing politics and rejecting a new trade deal?...the only reason the USMCA is up for a vote is because Trump was playing politics and rejected the existing trade deal. Very, very little would actually change from deal to deal and the changes aren't good. Why let Trump have a political win when no good will come of it?

 

[1972 Grad]

Yawn...……...…...

 

[Velo Vol]

Almost everyone agrees the USMCA would pass the House by a comfortable margin, if rank-and-file members are allowed to take a vote, and it would pass easily in the Senate.

According to whom?

 

[NEVolFan]

According to whom?

Me.... next question.

 

[BigOrangeD]

 

[Velo Vol]

Who can remember that far back, anyway?

 

[Matt2496]

Farm Bankruptcies Rise in Over Half of States