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‘The US has backtracked’: China releases official document blaming America for the trade war

By CNBC

China on Sunday took a firm official stance against the U.S. on trade, issuing a paper that illustrates a widening gap between the two sidesRead full story

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  • Tarrifs are again a distraction, they make China lose the advantage. But does not kill the trading permanently, just reduce it for the time being.

    The real agenda behind the trade war is just that, war itself, political war to slow down China's blatant dominance on the South East Asia Seas and military fluxing.

    This should be hurting a great deal and should impact future planned expansions and base constructions.

  • Having spent more than 3 decades going to China (several hundred trips), with fluency in Chinese and set up multiple businesses as a consultant and or within a bank, trained dozens of Wall Street analysts in and on China, I can assure you that this is not a trade battle that we as Americans are really ready to go into, much less turn into a protracted war.

    China already has some of the most sophisticated internet and network technologies (why else is everyone so nervous on Huawei) but it also has

    Having spent more than 3 decades going to China (several hundred trips), with fluency in Chinese and set up multiple businesses as a consultant and or within a bank, trained dozens of Wall Street analysts in and on China, I can assure you that this is not a trade battle that we as Americans are really ready to go into, much less turn into a protracted war.

    China already has some of the most sophisticated internet and network technologies (why else is everyone so nervous on Huawei) but it also has very advanced artificial intelligence and machine learning to complement the most developed digital ecosystems in the world. Moreover it's dominance across Asia continues all the while it is growing it's presence in Europe and Africa and LatAm. As we close ourselves off, developing nations continue to open their arms and embrace China for all of the above. We are facing a dire challenge in needing to upskill a population that is not enthusiastic and barely understands the need. The displacement and anomie from the last two decades of neglect of our education systems needs to be desperately addressed for our innovation and competitive advantage as a nation. A bipartisan alignment of the challenges China is presenting is great but a more strategic and structured approach is needed.

  • The relative cost advantages in managing the supply chain out of China are fast diminishing. China knows this. What they also know is that any supply chain that does move out is permanently lost. This white paper is buying time when the reality is that China has little leverage. Ignore all the partisan politics, because when it comes to China politics are bipartisan. President Xi’s entire support system is predicated on economic health. China has to end up caving, for its own good.

  • I just read the whole white paper (not that long) Nothing new really if you’ve been paying attention, but these were a few good quotes:

    “The US government should bear the sole and entire responsibility for this severe setback to the China-US economic and trade consultations “

    “China will continue to deepen reform and opening up... Measures to be taken include expanding market access for foreign investment in broader areas, strengthening international cooperation on intellectual property protection

    I just read the whole white paper (not that long) Nothing new really if you’ve been paying attention, but these were a few good quotes:

    “The US government should bear the sole and entire responsibility for this severe setback to the China-US economic and trade consultations “

    “China will continue to deepen reform and opening up... Measures to be taken include expanding market access for foreign investment in broader areas, strengthening international cooperation on intellectual property protection, increasing imports of goods and services, implementing more effective international coordination on macro-economic policies, and putting more focus on the implementation of opening-up policies. A more open China will have more positive interactions with the world, which in turn will advance the development and prosperity of both China and the world.”

  • Not sure the geniuses in Washington grasp the fact that tariffs are paid by the importer

    and not the exporter resulting in higher prices the consumer pays...only real option is to

    find another source for the products...I’m all for good trade deals but we have been bullying

    to a point of late....strike a deal so Wall Street can settle down, ugh

  • I fully believe the USA is on the right track and China will be forced to capitulate. Their success has been based upon dominance of the market within the USA. Consider their cost conditions regarding their labor force. I do believe our position is based upon our importers finding other sources for goods. Much of the trade war, I believe, is as a result in part due to recent presidential trips to other Asian countries. I'm convinced talks in Vietnam, Singapore and south Korea resulted in approaches

    I fully believe the USA is on the right track and China will be forced to capitulate. Their success has been based upon dominance of the market within the USA. Consider their cost conditions regarding their labor force. I do believe our position is based upon our importers finding other sources for goods. Much of the trade war, I believe, is as a result in part due to recent presidential trips to other Asian countries. I'm convinced talks in Vietnam, Singapore and south Korea resulted in approaches but potential trading partners in those countries. China knows this and understands their relationships have not gone well with those countries. They understand others will gladly supply us with our needs. The last line regarding their willingness to have the dispute last for decades is purely a bluff.

  • Interesting, but fails to capture how Chinese businesses have moved their factories and production to countries like Vietnam thereby bypassing many of the tariffs. There was a way to handle China and it's economic gymnastics, but this was not the way. These are the methods of a bully and the latest attacks on Mexico, India and possibly the EU won't break them, but will break the US's dwindling middle class.

  • Anyone who believes that China will back down I believe will be disappointed. They didn't back down from the Russians when the ammunition was real and not bombast. The leverage that China has is large unless the United States defaults on its public debt and that would be very dangerous. Once the belt and road initiative is realized there will be little any government could do to contain China.

  • The only country that will lose in this trade war is the USA. USAhas been increasingly dependent on china for lowering their costs, and increasing corporate profits thereby market caps of corporations. These increased profits and rising market caps increased tax revenues.

    China was dependent on the USA tp grow their economy. However, they've taken measures to diversify their dependence by growing their markets globally and developing technologies domestically. The USA has become dependent on the

    The only country that will lose in this trade war is the USA. USAhas been increasingly dependent on china for lowering their costs, and increasing corporate profits thereby market caps of corporations. These increased profits and rising market caps increased tax revenues.

    China was dependent on the USA tp grow their economy. However, they've taken measures to diversify their dependence by growing their markets globally and developing technologies domestically. The USA has become dependent on the low wages, the weak environmental, labor and other overheads. It will be impossible to shift production economically back to the USA. Even shifting it to other low cost producers will be a challenge.

    The chinese consumer markets ste growing and this trsde war jeopardizes any opportunities for USA companies to participate in the chinese markets.

    We are dighing a hole in which we will have to lie down.

  • Trump can wave his economy banner all he wants, but China’s growth is double ours! So who can really wait the other out. Why does this isolationist admin not join Japan, EU, Canada, and Auz to go after China. Because of his “America First,” mentality. Only makes us weaker in our “war!”

  • No wonder. Look who/ what is in charge here

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