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'The fool builds walls': China takes aim at Trump trade war threats

Rogue Valley

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'The fool builds walls': China takes aim at Trump trade war threats

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6/18/18
Chinese state media has attacked the White House for escalating the prospect of a trade war, calling the administration of president Donald Trump “selfish” and “rude” and “mundane” in its capriciousness. “The unpredictability of [the] Trump administration has become mundane, or even boring for China,” an editorial in the state-run tabloid Global Times said on Sunday. “It reinforces the difference in images of the two countries: one challenges the foundation of global trade through sudden attacks; and one that is prepared to defend itself in a trade war that it cannot avoid.” After months of negotiations, China and the US are on the brink of an all-out trade war. On Friday, the US unveiled a list of $50bn in Chinese goods to target with 25% tariffs, pledging more duties if China retaliated. Within hours China released its own list of retaliatory tariffs to place on $50bn in US imports. “The unpredictability of [the] Trump administration has become mundane, or even boring for China,” an editorial in the state-run tabloid Global Times said on Sunday. “It reinforces the difference in images of the two countries: one challenges the foundation of global trade through sudden attacks; and one that is prepared to defend itself in a trade war that it cannot avoid.” After months of negotiations, China and the US are on the brink of an all-out trade war. On Friday, the US unveiled a list of $50bn in Chinese goods to target with 25% tariffs, pledging more duties if China retaliated. Within hours China released its own list of retaliatory tariffs to place on $50bn in US imports.

An editorial in the People’s Daily on Saturday said the latest trade provocations allowed China “to see more clearly the face of the Trump administration, one that is rude, unreasonable, selfish and headstrong”. China’s official Xinhua news agency added: “The wise man builds bridges, the fool builds walls. With economic globalization there are no secluded and isolated islands.” China’s proposed tariffs on more than 500 categories of US goods, a list more extensive than the one it released in April, appear aimed at hurting Trump’s Republican base before the US midterm elections in November. The list includes beef, poultry, pork, dairy products, seafood, tobacco and soybeans. China is the largest buyer of US soybeans. Beijing said it would also target $16bn of US products like coal, crude oil, natural gas, and medical equipment at a later date. Chinese state media still left room for the possibility of negotiations. “Given the frequent flip-flopping of the Donald Trump administration, it is still too early to conclude that a trade war will start,” said an English-language editorial in the China Daily.

The Chinese are digging their heels in. And no, winning trade wars is not easy. This could be a long, tough slog.

Related: Opinion: China is not alone in the self-defense trade war
 
'The fool builds walls': China takes aim at Trump trade war threats

161215111807-trump-xi-jinping-slipt-getty-exlarge-169.jpg




The Chinese are digging their heels in. And no, winning trade wars is not easy. This could be a long, tough slog.

Related: Opinion: China is not alone in the self-defense trade war

Yes, but it won't impact regular people at all. Many Presidents and Congresses had passed laws and regulation and it never impacts the day to day of the average citizen. Trump's erratic and politically dangerous behavior, his trade wars with pretty much everyone on the planet, won't impact the average citizen. We'll be fine and when Trump wins the Trade War, America will be flush with cash and everyone will prosper, and we can afford all those detention centers to throw kids into when their families sneak across the boarder.

It's going to be fine, it's going to be great.

#Winning
 
'The fool builds walls': China takes aim at Trump trade war threats

161215111807-trump-xi-jinping-slipt-getty-exlarge-169.jpg




The Chinese are digging their heels in. And no, winning trade wars is not easy. This could be a long, tough slog.

Related: Opinion: China is not alone in the self-defense trade war

No one other than fools think it would be easy. That's why the other presidents didn't do anything about it. They want to be loved, server eight years, go home and build a library, and live on the taxpayers dime. They have enough money that the only threat the feel from China the read about in the Wall Street Journal.

I can't believe the arrogance of Americans to believe China can not crush us economically, and refuse to accept the fact that we have to make changes or exactly that is exactly what is going to happen. First it will be IT, robotics, pharma, aircraft, and so on. It's one thing if China allows more domestic consumption, but it's entire another if they continue to use unfair trade and technological theft to advance their goals.

Trump's trade war is directed a correcting the imbalance in these industries.

It's going to be hard to continue the current US lifestyle when our high tech, high paying jobs disappear. But hey, I will only happen to the "other guy".

Top Ten Cases of Chinese IP Theft - CPA

1. The Wind Turbine Case
2. The Oreo White Case
3. The Motorola Case
4. The Iowa Seed Corn Case
5. The Tappy the Robot Case
6. The CLIFBAW case
7. The Allen Ho TVA/Nuclear Power case
8. The File Storage and China National Health case
9. The Unit 61398 Case
10. The Great Firewall Case

It's obvious that we need stiffer penalties. Like twenty years in prison for starters.


We should have a massive savings account not a massive debt account before engaging in trade wars.


Dude, we'd be happy just to break even!
 
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How long before that policy "runs out of the other (poor) People's money"; the rich already got their permanent tax cuts.
 
How long before that policy "runs out of the other (poor) People's money"; the rich already got their permanent tax cuts.

Oh don't worry, if rich people or banks ever get in trouble, we'll just "too big to fail" bail them out.
 
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