China retaliates against Trump tariffs by targeting US food imports

[CHARBACK]

China steals $400-$500 billion in intellectual property rights from the US EVERY YEAR.

Source? (and not a random article that claims it) I am pretty sure all this IP stealing is bullchit propaganda. All the upper level STEM courses are filled with Chinese nationals including the professors lol.

[p100]

Only luxury items will be affected. I don't think Chinese people will be happy with food prices going up, and they can't boycott food.

Farmers in America are mainly funded with subsidies that won't be affected by import/export. If anything gas prices will decrease when less corn is sold to China and more is kept in the US. This in turn would lower meat prices and shipping prices within the US.

Chances are Chinese buy American luxury products because they are better than their Chinese counterparts. The upper class Chinese probably won't care about a price increase.

On the other hand the majority of US purchases from China are cheap junk; and so many other countries manufacture clothing and electronics now that China can be replaced by investors in 4-5 other countries.

[WrestlingFan123]

Source? (and not a random article that claims it) I am pretty sure all this IP stealing is bullchit propaganda. All the upper level STEM courses are filled with Chinese nationals including the professors lol.

http://money.cnn.com/2018/03/23/tech...eft/index.html

The United States Trade Representative, which led the seven-month investigation into China's intellectual property theft and made recommendations to the Trump administration, found that "Chinese theft of American IP currently costs between $225 billion and $600 billion annually."

[Jrd86]

http://money.cnn.com/2018/03/23/tech...eft/index.html

Hey bro, all thats "bullchit propaganda because all upper level STEM courses are filled with Chinese nationals including the professors" lol...

Its a pretty well known fact that Chinese intellectual property theft, numbers in the hundreds of billions. And China is a major abuser of patents.

[CHARBACK]

http://money.cnn.com/2018/03/23/tech...eft/index.html

The only example of stolen property provided in the article is of some very small company AMSC worth fraction of a billion, stolen by some Chinese company (so not state sponsored).

Its a pretty well known fact that Chinese intellectual property theft, numbers in the hundreds of billions. And China is a major abuser of patents.

I just want to get some more proof of these 100s of billions of dollars of stolen IPs and patents. If they have proof of this, they should be suing the fuk out of China in international court.

[swoleyo]

I'm half-Chinese and live in China.

I believe that China is much more prepared to win a trade war than the United States. Nationalism is growing like crazy here. Chinese are increasingly proud of their country, and rightfully so. Even as little as 10 years ago, foreign products, especially things like cars and phones were all the rage, but more and more, Chinese, especially young people, are buying Chinese made products.

I just recently bought a Chinese SUV over here that rivals any Ford or GM I have ever driven. They are nice cars and less and less people are looking to buy Chinese things first.

A lot of the things that America exports and sells to China; airplanes, cars, phones, are things that Chinese are and will increasingly buy Chinese brands in the future. It is true that China has stolen a lot of American IP, who wouldn't? American businesses make the best products in the world. Usually. But the truth is is that China has surpassed the USA in many ways, and many Chinese like myself now prefer China over the USA. Mobile payment is more convenient, our transportation system completely owns the USA's, cost of living is lower, bicycle sharing is convenient and infrastructure vastly superior.

The truth is is that most Chinese believe that this is finally our time, and our country is now powerful enough to stand center in the world again. Even Chinese students who study in the US can't wait to come back here, and tell me how boring the USA and Canada is.

I'm very confident that China will surpass the USA in most ways and become the superpower again. 300 million Americans cannot stand up to 1.4 billion Chinese. Chinese culture values education, obedience and harmony, and it will increasingly win out in a world that values hard-work and intelligence.

So you're basically saying what everyone on this forum already suspects. America needs to cut its ties to China now and work on becoming self reliant, instead of contributing to a country that is going to buy less and less American made products. I think Americans are also becoming more proud and patriotic, they won't mind spending a little more money to support their fellow man

[Lloyd Braun]

So you're basically saying what everyone on this forum already suspects. America needs to cut its ties to China now and work on becoming self reliant, instead of contributing to a country that is going to buy less and less American made products. I think Americans are also becoming more proud and patriotic, they won't mind spending a little more money to support their fellow man

USA can't cut its economic ties to the USA. The world's manufacturing supply chain exists in China because you cannot replicate it anywhere else. You would have to combine several countries to do that, and it would be orders of magnitude more difficult.

To be honest, I think China's political system is just more pragmatic and better suited for the economy of the future. In the US, politicians will spend and spend, trading their future away for re-election. It's why the US has such a massive debt problem. American politicians just keep kicking the can. That, combined with how unrestrained social media is tearing apart American society by race, identity politics and tribalism.

[Lloyd Braun]

Are you typing that out with a knife to your throat? The world is aware of how the Chinese government monitors and deals with its citizens and public officials.

I have American citizenship but live in China. They don't care. Believe it or not, most Chinese people will defend their government and their way of life, even when they know about some of its problems.

Chinese are incredibly patriotic of the system that China has. The CCP has done something that has never been done in the history of the world, lift over 600 million Chinese out of poverty in 30 years.

As China increasingly develops, most Chinese believe that this system is much more suitable, and perhaps even better, than the Western system.

[ToPHeR35]

In what regard? Does China want to invade us? Have they been invading other countries? In what way is China 100X the threat Russia is?

That's enough CNN for you today. How does "enemy" automatically mean war to you simpletons?

[Weightaholic]

I think Americans are also becoming more proud and patriotic, they won't mind spending a little more money to support their fellow man

ROFLMAO!

Srsly?

[swoleyo]

ROFLMAO!

Srsly?

You **** posting Australians. You realize when America defaults you're coming with us to hell right?

[IH8RICE]

You **** posting Australians. You realize when America defaults you're coming with us to hell right?

He has a point though. Most Americans love their country but the system isn’t set up to help out the consumer. How long would it take before those making the median would realize they’re the only ones losing money while xyz company posted profits in the hundreds of millions?

[|ceman]

So you're basically saying what everyone on this forum already suspects. America needs to cut its ties to China now and work on becoming self reliant, instead of contributing to a country that is going to buy less and less American made products. I think Americans are also becoming more proud and patriotic, they won't mind spending a little more money to support their fellow man

have you looked around or even read this forum?

every individual american is only out for themselves and will screw their fellow american to save a buck.

want proof? how many people praised the trump tax cut even though it will massively blow up the debt? almost everyone. why? they universally said 'as long as I'm getting more, the impact to the country as a whole is not my problem'

[SillieBazzillie]

have you looked around or even read this forum?

every individual american is only out for themselves and will screw their fellow american to save a buck.

want proof? how many people praised the trump tax cut even though it will massively blow up the debt? almost everyone. why? they universally said 'as long as I'm getting more, the impact to the country as a whole is not my problem'

This. Look at how Trump voters act at Walmart during black friday. They'll tear each other apart in order to get that $150 40inch lcd tv.

[swoleyo]

have you looked around or even read this forum?

every individual american is only out for themselves and will screw their fellow american to save a buck.

want proof? how many people praised the trump tax cut even though it will massively blow up the debt? almost everyone. why? they universally said 'as long as I'm getting more, the impact to the country as a whole is not my problem'

I don't think that's a valid way to measure it. We'll see what happens at the polls after this trade war starts and how it affects Trumps re-elect ability and his popularity. If his popularity shrinks and he loses the next election we'll both know American's don't have the stomach for a trade war.

Trump needs to articulate that we can't keep kicking the bucket down the hill

[|ceman]

Trump needs to articulate that we can't keep kicking the bucket down the hill

he's 0 for 2 on that point.

- enacted sweeping tax changes to benefit the rich and kick the debt can down the road
- signed 2018 spending omnibus bill into law with massive deficits and kicking the deficit can down the road


don't expect the self proclaimed "king of debt" to articulate a message of fiscal responsibility.

[x-trainer ben]

http://www.businessinsider.com/china...-states-2018-4

China is retaliating to Trump's massive tariffs by aiming directly at his supporters

China has announced new tariffs on imports of soybeans from the US.
Soybeans are the largest agricultural export to China from the US, totaling $14.2 billion in 2016.
President Donald Trump won eight of last year's top 10 soybean-producing states in the 2016 election — meaning China is taking a shot at his political base.

[FFailed]

This. Look at how Trump voters act at Walmart during black friday. They'll tear each other apart in order to get that $150 40inch lcd tv.

Those videos are extremely entertaining to watch but lets be honest those aren't all Trump voters lol

[Streetbull]

China is purposely targeting republican states so their constituents feel it and blame trump

https://www.bloomberg.com/news/artic...risk-trade-war
https://www.washingtonpost.com/news/...=.aeae2681fd67

Don’t think it will work. More and more farms are huge corporate farms. The family farm is vanishing, especially for commodities that export, like beans and corn. Most people don’t care if these megafarms get hurt.

Prices today are about the same as they were 40 years ago, because of mass production by corporate farms.

[Skezo]

I have American citizenship but live in China. They don't care. Believe it or not, most Chinese people will defend their government and their way of life, even when they know about some of its problems.

Chinese are incredibly patriotic of the system that China has. The CCP has done something that has never been done in the history of the world, lift over 600 million Chinese out of poverty in 30 years.

As China increasingly develops, most Chinese believe that this system is much more suitable, and perhaps even better, than the Western system.

Yeah because if they don't they disapear.
Or of they are a more public/wealthy figure they get brought up on corruption charges (This was instrumental in Xi's rise to power)

[Skezo]

he's 0 for 2 on that point.

- enacted sweeping tax changes to benefit the rich and kick the debt can down the road
- signed 2018 spending omnibus bill into law with massive deficits and kicking the deficit can down the road


don't expect the self proclaimed "king of debt" to articulate a message of fiscal responsibility.

While I understand reducing the debt there is another side to it. China has much larger debt levels and they are using the debt to take market share and industries away from other countries as they want to be leaders in them.

[Cleveland33]

have you looked around or even read this forum?

every individual american is only out for themselves and will screw their fellow american to save a buck.

want proof? how many people praised the trump tax cut even though it will massively blow up the debt? almost everyone. why? they universally said 'as long as I'm getting more, the impact to the country as a whole is not my problem'

This is America vs the rest of the world - which plays huge to his base and they will sacrifice to MAGA

Tax cuts can be offset with reduced spending, which his base also wants to see. Took a hit with the omnibus but if he comes back with a legit budget, all things forgiven.

[|ceman]

This is America vs the rest of the world - which plays huge to his base and they will sacrifice to MAGA

Tax cuts can be offset with reduced spending, which his base also wants to see. Took a hit with the omnibus but if he comes back with a legit budget, all things forgiven.

everyone loves the idea of "reduced spending" until the spending cuts hit you or your family. and usually the people who believe this lack the foresight to understand the impact that the "reduced spending" will have on their lives.


case in point - what's happening right now in Oklahoma, Arizona, Kentucky, West Virginia, etc - for years the Republican controlled state governments cut taxes and cut spending including spending on education and other necessary programs. Oklahoma in particular has the worst education program out of all the states and the teachers and citizens are making this known.

Now the teachers in those states are demanding not only better wages and benefits but also more funding for school supplies and programs in general. And they have support from the population in those states. Which puts the republican controlled governments in a tight spot as they are now having to raise taxes because there is no more spending to cut.

[Cleveland33]

like not understanding the difference between reduced spending and misspending

[|ceman]

like not understanding the difference between reduced spending and misspending

is funding for educational programs and teacher's salaries an example of good or wasteful spending?

[Cleveland33]

is funding for educational programs and teacher's salaries an example of good or wasteful spending?

There is a lot of wasteful spending within educational budgets AND teachers' salaries.

That is not to say that teachers are overpaid, but the protection that fired teachers receive is disgusting.

[|ceman]

There is a lot of wasteful spending within educational budgets AND teachers' salaries.

That is not to say that teachers are overpaid, but the protection that fired teachers receive is disgusting.

everyone loves to say that but reality is a different story.

in many of these red states, teachers (who already make pennies) are forced to buy school supplies out of their own pocket. tell me, where is the wasteful spending in kentucky or oklahoma on education?

and if there is wasteful spending, why don't the politicians in those states target the wasteful spending instead of voting to increase taxes like they did in west virginia?

[x-trainer ben]

everyone loves the idea of "reduced spending" until the spending cuts hit you or your family. and usually the people who believe this lack the foresight to understand the impact that the "reduced spending" will have on their lives.


case in point - what's happening right now in Oklahoma, Arizona, Kentucky, West Virginia, etc - for years the Republican controlled state governments cut taxes and cut spending including spending on education and other necessary programs. Oklahoma in particular has the worst education program out of all the states and the teachers and citizens are making this known.

Now the teachers in those states are demanding not only better wages and benefits but also more funding for school supplies and programs in general. And they have support from the population in those states. Which puts the republican controlled governments in a tight spot as they are now having to raise taxes because there is no more spending to cut.

So true, and they just witnessed what a multi day walk out will do in West Virginia. The teachers there got what they wanted.

[Icemaing]

So you're basically saying what everyone on this forum already suspects. America needs to cut its ties to China now and work on becoming self reliant, instead of contributing to a country that is going to buy less and less American made products. I think Americans are also becoming more proud and patriotic, they won't mind spending a little more money to support their fellow man

This is exactly what I got from that post as well lol.

If the products from China becomes more expensive in the US with these tariffs, won't it just cause more people in the US to buy products made in the US instead of China since their prices will now be around the same or maybe even cheaper now? Since we buy much more from China than they buy from the US, just like that poster Lloyd Braun just said, the Chinese are now all starting to buy Chinese made products, won't this tariff war just hurt Chinese much more than the US, especially in the longterm? Won't increased prices from Chinese products cause more companies that are in China to come back to the US or invest in other countries instead which will also further hurt China even more? Sorry I don't know much about this field but this is what I think understood from it so far.

[Cleveland33]

everyone loves to say that but reality is a different story.

in many of these red states, teachers (who already make pennies) are forced to buy school supplies out of their own pocket. tell me, where is the wasteful spending in kentucky or oklahoma on education?

and if there is wasteful spending, why don't the politicians in those states target the wasteful spending instead of voting to increase taxes like they did in west virginia?

I have not done a forensic investigation of their budgets but if you do not believe there is wasteful spending in a Government organization, especially something like school districts where they tend to hire educators instead of procurement professionals, I don't know what to tell you.
But again, I think every area has bloat paying fired educators that are protected by their unions.