This Will Be the Answer From China On U.S. Tariffs

Chinese officials, facing punitive U.S. trade policies are preparing to respond with their own tariffs focused on U.S. exports of soybeans, sorghum and live hogs.The U.S. is among the top suppliers of these products to China. This is not only front in trade war between these countries. China’s plans for retaliatory measures were laid out at a meeting last month convened by China’s Commerce Ministry with Chinese importers of U.S. farm products, including China National Cereals, Oils and Foodstuffs Corp., a state-owned food-processing giant. Now, literally, nothing's not same like yesterday:)
 

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This will not end well. I'm not sure in happy end. 

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So quick to claim war, corporations and politicians once again display themselves to be much more than repugnant and far less than representative. Btw.  U.S. pork would be ‘easy target’ for China in trade war. China, the world’s top pork consumer, is one of the leading buyers of U.S. agricultural goods and is the second-largest market for the meat by volume...

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3 minutes ago, damirUSBiH said:

..... Btw.  U.S. pork would be ‘easy target’ for China in trade war. China, the world’s top pork consumer, is one of the leading buyers of U.S. agricultural goods and is the second-largest market for the meat by volume...

Didn't China buy a large pork producer in the US a year or so ago? Wouldn't that mean restrictions on US pork imports to China would also hurt China...Smithfield Foods.

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No winner in this war. As every war, a trade war between China and the United States would only cause pain...

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If a trade war with China escalates the U.S. farm sector could be hit hardest. Each analyst emphasizes this.

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 Boeing (NYSE: BA) taking a hit on that news, - 2.4%

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2 hours ago, Pavel said:

If a trade war with China escalates the U.S. farm sector could be hit hardest. Each analyst emphasizes this.

Because China is going to get their pork and soybeans from somewhere else? Who?

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2 hours ago, Petar said:

No winner in this war. As every war, a trade war between China and the United States would only cause pain...

Actually, there is always a winner in a monetary war. The money is merely shifted between players, and someone comes out on top. 

As for losing, I'm not sure the US could be bigger losers than we already are here.The US saw hundreds of billions in trade deficit last year with China. 

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Any thoughts on this tariff war escalating to include US Crude Oil to China?

USA exports now rapidly becoming Chinas leading supplier of Crude. Russia building pipeline infrastructure to China. If Russia were to fill the gap what would that do to OPEC cap agreements?

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18 hours ago, Rodent said:

As for losing, I'm not sure the US could be bigger losers than we already are here... 

It can always be worse. History has shown it so many times so far. Time will also show  who is right.

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1 hour ago, Petar said:

It can always be worse. History has shown it so many times so far. Time will also show  who is right.

China's response was not worrisome. They gave a response aimed at telling the world it still had teeth. For show. https://www.wsj.com/articles/china-unveils-retaliatory-tariffs-on-3-billion-worth-of-u-s-goods-1521767240 

$3bn vs. $60bn. 

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23 hours ago, Petar said:

Chinese officials, facing punitive U.S. trade policies are preparing to respond with their own tariffs focused on U.S. exports of soybeans, sorghum and live hogs.The U.S. is among the top suppliers of these products to China. This is not only front in trade war between these countries. China’s plans for retaliatory measures were laid out at a meeting last month convened by China’s Commerce Ministry with Chinese importers of U.S. farm products, including China National Cereals, Oils and Foodstuffs Corp., a state-owned food-processing giant. Now, literally, nothing's not same like yesterday:)
 

The Chinese actually talked about this before Trump's order on Thursday. This is a game, and now we'll see negotiations. This isn't over. China is a bully--and while many disapprove with Trump's actions on a number of levels and across multiple issues, in this particular case, it might actually work. I see indications that China might budge on some key things. Trade with China is massively unfair and it's gone on for far too long. This might actually force a change. If it goes to trade war, both are to blame and the consequences will be severely detrimental to all. 

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What indications do you see, exactly, that China is going to play ball here?

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53 minutes ago, Rodent said:

China's response was not worrisome. They gave a response aimed at telling the world it still had teeth. For show. https://www.wsj.com/articles/china-unveils-retaliatory-tariffs-on-3-billion-worth-of-u-s-goods-1521767240 

$3bn vs. $60bn. 

Each medals has a two sides: $3 bn as a fist step = they go on to say they are not afraid of a trade war? 

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no idea what "each medals" means, but here's one indication that China might 'play ball': 

Even on Thursday, the Chinese were offering up something big: They said they would open the market to foreign investment, let banks on equal footing. This is huge ... It means the negotiations have begun. Let's not jump to trade war right away. Panic sells headlines, but ..

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China will not announce its retaliation.  The first rule of war is not to disclose your position to the enemy.  China will act behind the scenes in unannounced actions.  Maybe buying Airbus over Boeing.  Maybe allowing more European car makers into the country over US.  Maybe 'extra' paperwork for US imports of machinary.  Maybe selling some UST.  Who knows, but they will not publicize their actions.  US already dropped the ball 10 years ago and now they realize their precarious position as they realize China has caught up and will soon pass them.

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I'm calling it ... I think there won't actually be a trade war. Or ... that this IS the trade war. It's the battle before the battle and it will be resolved before it gets to the tipping point. Anyone want to start a poll?

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36 minutes ago, Kate Turlington said:

no idea what "each medals" means, but here's one indication that China might 'play ball': 

Even on Thursday, the Chinese were offering up something big: They said they would open the market to foreign investment, let banks on equal footing. This is huge ... It means the negotiations have begun. Let's not jump to trade war right away. Panic sells headlines, but ..

Generally, each decision has to be well-balanced and rational to bring the result.  I need to remind on tariffs of steel. At first, they were tariffs against all: from yesterday President Trump suspended tariffs on steel and aluminum imports for Argentina, Australia, Brazil, Canada, Mexico, South Korea, and member countries of the European Union.... So,  I just wanna to say: in trade war there are no winners, especially when you enter a war in which your strong allies can be indirectly hurt  (example Japan and S. Korea)

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exactly. you watch what he did with the steel and aluminum tariffs: it was a negotiation, not a war. it was a message to china. 

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Yep. Conversations/negotiations not blackmail. Then things get harder and more dangerous.

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On 3/22/2018 at 11:50 AM, Pavel said:

If a trade war with China escalates the U.S. farm sector could be hit hardest. Each analyst emphasizes this.

 

We don't need China to declare war on the U.S. farm sector--the Bayer-Monsanto merger is doing that all on their own.

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It's starting:  China urges WTO members: put U.S. tariff 'beast back in the cage'! 

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China is all about money and ownership, to show how they dominate the world financial markets. But they won't abide by anyone's rules but their own. All big players have similar behaviors.

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