Trump says China could face more than $500 billion in US tariffs

[zhaoyun]

I'm all for it. The US needs to reshape its economic relations with the rest of the world. This is as much a war on corporate America as it is on trade with China or Europe or Mexico or Canada. A lot of the imports being sent in are American products built overseas because the supply chains have all been sent overseas for the last several decades. The actions only seem drastic now because American politicians have actively conspired with corporate America to send all of the industries overseas.

[Óttar]

I'm all for it. The US needs to reshape its economic relations with the rest of the world. This is as much a war on corporate America as it is on trade with China or Europe or Mexico or Canada. A lot of the imports being sent in are American products built overseas because the supply chains have all been sent overseas for the last several decades. The actions only seem drastic now because American politicians have actively conspired with corporate America to send all of the industries overseas.

This is causing a headache for my stock trading. I should be able to take advantage of it, but it doesn't seem to work out that way. I tend to be on the wrong side.

[Dragoon]

Mixed opinions.

I recognize China as civilization on its own with its huge population. They had their "Century of humiliation" as they call it. Dont mind them getting richer. If they are fairly peaceful and keep a balance of powers/superpowers thats fine. Maybe they can quit the "Communist" thing and go Confucian or something.

At the same time US needs to make themselves "great again" at least in infrastructure, creating jobs, less homeless, and reducing crime rates and also a shift to better social and culture views.
Whats happened in the last couple decades was bad on those two fronts.

Read a study that US will start seeing slow improvements in a couple years if things go along.

Not sure how the the trade war will end and what the consequences will be.

[zhaoyun]

This is causing a headache for my stock trading. I should be able to take advantage of it, but it doesn't seem to work out that way. I tend to be on the wrong side.

I wouldn't place any bets on stocks at this point. It's still too unpredictable how things will go. I think there will be agreements made on some fronts, but on other fronts, it would be impossible to come up with an agreement. I think part of this is Trump's motivation to bring back certain industrial supply chains back to the US, which will be a long drawn out fight, (like think decades). The major losers at this point would be multinational corporations, whether American, Korean, Japanese, European who build in China and export to the US.

[Joso]

Mixed opinions.

I recognize China as civilization on its own with its huge population. They had their "Century of humiliation" as they call it. Dont mind them getting richer. If they are fairly peaceful and keep a balance of powers/superpowers thats fine. Maybe they can quit the "Communist" thing and go Confucian or something.

At the same time US needs to make themselves "great again" at least in infrastructure, creating jobs, less homeless, and reducing crime rates and also a shift to better social and culture views.
Whats happened in the last couple decades was bad on those two fronts.

Read a study that US will start seeing slow improvements in a couple years if things go along.

Not sure how the the trade war will end and what the consequences will be.

Japan will always be the boss of Asian.

[zhaoyun]

Mixed opinions.

I recognize China as civilization on its own with its huge population. They had their "Century of humiliation" as they call it. Dont mind them getting richer. If they are fairly peaceful and keep a balance of powers/superpowers thats fine. Maybe they can quit the "Communist" thing and go Confucian or something.

At the same time US needs to make themselves "great again" at least in infrastructure, creating jobs, less homeless, and reducing crime rates and also a shift to better social and culture views.
Whats happened in the last couple decades was bad on those two fronts.

Read a study that US will start seeing slow improvements in a couple years if things go along.

Not sure how the the trade war will end and what the consequences will be.

Free trade has been great for American corporations. Not so great for American workers. For example, American corporations make a killing in China. If you compare what American corporations make there, vs Chinese corporations make in the US, it'd be like a $1 trillion to $50 billion game, with a huge deficit on the side of the American corporations. The consequences is that the US has lost a lot of supply chains, not just to be China, but to many other countries from Mexico to Vietnam. The US barely makes most of it's own consumer goods anymore, and even though you can argue that many of those goods don't have huge profit margins, they support a chain of smaller industries as well. They also boost the overall business environment, which is why China likes to host these supply chains even though they don't make a huge profit on an iphone, they still create an overall industrial ecosystem that helps with the development of other industries.

[zhaoyun]

Japan will always be the boss of Asian.

Maybe during 1880 to 1995. That's not the case anymore, and wasn't the case before that period.

[KMack]

The U.S. is 'winning' the trade war, says Mohamed El-Erian
As trade tensions continue, Mohamad El-Erian, chief economic advisor at Allianz, says the U.S. "will win the trade war."
Investors have been on edge with some fearing that Trump has gone too far with his nontraditional negotiating tactics.
"One of the upside risks, is that you may end up changing, the global landscape in a way that favors the U.S.," he says.

As trade tensions continue, Mohamed El-Erian told CNBC that the U.S. is winning the trade war.

"In relative terms, we are winning and we will win the trade war," El-Erian, chief economic advisor at Allianz, said Monday on "Fast Money." El-Erian is considered one of the most influential financial market thinkers in the world.

"Just look at the performance of U.S. markets relative to China and relative to others," said El-Erian, who was CEO of Pimco. "That is consistent."

President Donald Trump first proposed tariffs in March to correct what he deemed were unfair trading practices. Last week, the administration imposed duties on $34 billion worth of Chinese goods. Beijing immediately retaliated with tariffs of its own and accused the U.S. starting the "largest trade war in economic history."

Meanwhile, investors have been on edge amid the trade tensions. All three major indexes closed up Monday, leading some to conclude that trade fears are waning.

Pedestrians carrying an American flag umbrella pass in front of the New York Stock Exchange.
Michael Nagle | Bloomberg | Getty Images
Pedestrians carrying an American flag umbrella pass in front of the New York Stock Exchange.
"The tit for tat continues, but ultimately it doesn't lead to a full-blown trade war," El-Erian said.

"When people realize that at the end of the day, the U.S. will prevail, because [China] is a less open economy, because [the U.S.] is a more dynamic economy, that ultimately you may end up in a situation where the U.S.' position in global economic terms is better off," he said.

Still, some fear that Trump's nontraditional negotiating tactics may have gone too far. El-Erian said as long as the risks are managed, "One of the upside risks, is that you may end up changing the global landscape in a way that favors the U.S. Because countries will realize, if we slip into a trade war, while everybody suffers, [the] U.S. does better in relative terms," he said.

"The rest of the world is less solid than the U.S.," El-Erian said.
https://www.cnbc.com/2018/07/09/the-...r&par=sharebar