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Top aide: China must end 'Seven Deadly Sins' to stop trade war

chuckiechan

chuckiechan

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Top aide: China must end 'Seven Deadly Sins' to stop trade war | TheHill

White House trade adviser Peter Navarro on Sunday identified what he called the “seven deadly sins” that China must stop doing before the ongoing trade war with the U.S. will come to an end.

“Stop stealing our intellectual property, stop forcing technology transfers, stop hacking our computers, stop dumping into our markets and putting our companies out of business, stop state-owned enterprises from heavy subsidies, stop the [importation of] fentanyl [and] stop the currency manipulation,” Navarro told host Chris Wallace on "Fox News Sunday."
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This what it is about.
 
Roadvirus said:
Apparently the Anti-Trumpers don't get it. China's been allowed to walk all over us for decades and the Anti-Trumpers apparently get off on it and are upset that someone is finally fighting back against the Chinese.
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Look, are there some people who purely see this through a partisan lens, sure.

But while I’m not some economic expert I think I do understand this much, most people do not understand the complexity of the global economy and the complex supply chains that put all the crap in your local stores.

The extent to which this could spiral out of control and drive up the cost of a ton of daily items is not insignificant, not a lot of those supply chains that get disrupted can be easily replaced overnight, certainly not in a cheaper way.

And since you’ve decided to pick a trade fight with everyone at the same time and not pick your battles, you may have completely shot yourselves in the foot.

Time will tell but to casually dismiss the potential catastrophic consequences of what Trump is doing is not wise and for good reason one must question if he really knows what he’s doing, he hasn’t demonstrated an actual working knowledge of just about anything he’s involved in and that should concern any good, thinking citizen.
 
chuckiechan said:
Top aide: China must end 'Seven Deadly Sins' to stop trade war | TheHill



This what it is about.
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Yeah. And that idiot Trump praised Xi and China for putting drug traffickers to death. What about us subsidizing our farmers? What currency manipulation (you do know that Trump is considering just that)? In business, if somebody says you have to give them your technology to do business, why would you? Dumping? China produces half of the world's steel. When the US put tariffs on China steel, the US steel companies RAISED their prices to match so that they could increase profits rather than lower prices and be truly competitive. What a load.
 
Roadvirus said:
Apparently the Anti-Trumpers don't get it. China's been allowed to walk all over us for decades and the Anti-Trumpers apparently get off on it and are upset that someone is finally fighting back against the Chinese.
Click to expand...

Is this our future from now on? Your side just gets to make **** up and put it on blast where all the faithful peons hear it and believe it?
Okay then.
 
Jetboogieman said:
Look, are there some people who purely see this through a partisan lens, sure.

But while I’m not some economic expert I think I do understand this much, most people do not understand the complexity of the global economy and the complex supply chains that put all the crap in your local stores.

The extent to which this could spiral out of control and drive up the cost of a ton of daily items is not insignificant, not a lot of those supply chains that get disrupted can be easily replaced overnight, certainly not in a cheaper way.

And since you’ve decided to pick a trade fight with everyone at the same time and not pick your battles, you may have completely shot yourselves in the foot.

Time will tell but to casually dismiss the potential catastrophic consequences of what Trump is doing is not wise and for good reason one must question if he really knows what he’s doing, he hasn’t demonstrated an actual working knowledge of just about anything he’s involved in and that should concern any good, thinking citizen.
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One big reason prices will go up is that American and other trade partners producers will be supplying the goods at honest, fair market prices. Trade with China has created a false economy in the USA.

I do not feel China has the ethnic or historic understanding that you can’t just steal with impunity. The excuse they give to the other Asia nations the bully is “We are China, you are not. We are big, you are small”. That is their basis of understanding about the world.

If we are smart, we will mostly cease to buy from China. It will be inflationary in the short run, but good for our economy in the long run. It took us 20 years of negligence to get here v
 
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