China Tariff Threatens U.S. LNG Boom

[ceo_energemsier + 1,818]

8 hours ago, ronwagn said:

I think the "Ugly Chinese" will take the place of the "Ugly Americans" in many places. 

 

8 hours ago, KevinH said:

Be Afraid, be Very Afraid !

And it seems like China and Russia must look to Donny ( You're Fired !!) Trump as the gift that just keeps giving.

No one pretending to be polite anymore,, they just laugh ?

https://www.9news.com.au/2018/09/26/01/14/us-president-donald-trump-addresses-un-general-assembly-new-york?ocid=edm-nine.com.au-ninedaily--180926&mktg_scr=edm-ninedaily

https://www.cnn.com/2018/09/25/politics/chinese-agent-us-intl/index.html

[Dan Warnick + 6,100]

9 hours ago, ceo_energemsier said:

https://www.scmp.com/business/global-economy/article/2081771/be-afraid-china-path-global-technology-dominance

Good article.  Never under estimate Chinese engineering skills.  Yes, they do reverse engineering on such a scale and in such an open, unashamed way that is stunning to witness.  But, they are usually just doing that to leapfrog up, or what you might call going after cash cows to bridge gaps, while their engineers work hand in hand with their financial people to bring in the long term new technology.  That, together with real long term planning, makes for an awe inspiring wake up call for many naysayers.  Like I say, there are so many facets to any discussion that involves the China of today vs the China of a few decades ago.

[ceo_energemsier + 1,818]

On 9/24/2018 at 10:33 PM, KevinH said:

And this:

https://www.smh.com.au/national/let-me-buy-rio-tinto-china-s-brazen-bid-to-buy-our-companies-20180910-p502rz.html

http://www.abc.net.au/news/2018-09-24/hong-kong-political-party-banned/10298836

Bye bye Hong Kong

Hong Kong, Taiwan...

https://www.cnn.com/2018/09/25/asia/uss-wasp-us-china-sanctions-intl/index.html

[Guillaume Albasini + 851]

For the last decades, China was heavily dependent on exports to US and European markets but this is evolving. The Chinese domestic market is growing and regional trade in Asia is also absorbing an increasing share of Chinese exports. The less they rely on exports to the US the more they can sustain a trade war with the US.

[Dan Warnick + 6,100]

10 hours ago, KevinH said:

Be Afraid, be Very Afraid !

And it seems like China and Russia must look to Donny ( You're Fired !!) Trump as the gift that just keeps giving.

No one pretending to be polite anymore,, they just laugh ?

https://www.9news.com.au/2018/09/26/01/14/us-president-donald-trump-addresses-un-general-assembly-new-york?ocid=edm-nine.com.au-ninedaily--180926&mktg_scr=edm-ninedaily

Nah.  Well, America need not be afraid, but the rest of the free world?  Maybe more so.

Yes, I watched President Trump's speech.  There was laughter in about the very first minute or so when he did one of his "I'm the greatest president ever" bits.  But nobody laughed after that, did they?  He spoke largely in facts, largely in facts about what the United States has been doing since he last spoke to the U.N. body in front of him. 

The German delegation absolutely acted normal, for the German delegation, when presented with an outside opposing view of their carefully crafted society and its decisions, namely their future energy supply probabilities.  Last I read they are already at 70% gas coming in from Russia.  Is that right, or is it another number?

The jab at socialism was spot on, with the possible exception of a couple of European nations in attendance.  So sorry he hurt your feelings (not yours, KevinH) when stating the overwhelming evidence of the "success" of socialism throughout history, both in the past and the current time frame.

I will say that Mr. Trump doesn't give a very uplifting speech, but his message to the rest of the world could not have been more clear: the U.S., by his election, has decided we need to focus on the U.S., and the rest of you had better start listening if you want to succeed in this era.

By the end of the speech I had to question those that laughed at the President of the most successful country in the world.  What had they accomplished since Trump last spoke to them?  Had he not followed through on a long list of what he said the United States was going to do?  Has the Paris Agreement since been proven a money spending/wasteful folly that once again the U.S. was largely being tasked with funding?  Does anyone truly know what the Iranians are doing with nuclear weapons?  Do you lean towards believing the Iranians?  Was he wrong about the dangers that immigration and migration pose?  Was he wrong about the fact that people from all the countries represented in that room should be taking care of their own societies and citizens first, that they should be patriots themselves?

The president had just spent a half hour going over the United States' positions and actions taken on thorny issues around the globe, and nobody in that audience had even a fraction as much to list of their own actions.  Quite the opposite, really.  It seems that the rest of the delegates spend most of their time criticizing the U.S. and belittling its president, rather than taking leadership roles themselves and taking care of their own issues.

Edited September 26, 2018 by Dan Warnick

[Dan Warnick + 6,100]

8 hours ago, KevinH said:

God Save America ? ( I'm right, You're wrong, You're fired ) The Scariest Revelations About Trump and Trade From Bob Woodward’s ‘Fear’   Kimberly Ann Elliott | Tuesday, Sept. 25, 2018       I was hoping that Bob Woodward’s new book would help me understand the strategy behind President Donald Trump’s trade policy. But like much of the rest of Washington, I found the “revelations” in the book, in a sense, shocking but not surprising. On trade policy, it largely confirmed what we already knew—the president just doesn’t like trade and will not listen to anything that contradicts his long-held views. Beyond the broad distrust of trade and trade agreements, specific policy decisions were disturbingly random, often depending on nothing more than who had last managed to catch the president’s ear. So, the lesson seems to be to expect continued chaos. In one of the most telling moments in the book, Woodward reports that Trump wrote “TRADE IS BAD” in the margins of a speech he was revising. When asked by Gary Cohn, the then-chair of the National Economic Council, why he had such negative views on trade, Trump responded, “I just do. I’ve had these views for 30 years.” On another occasion, he insisted that when it came to the importance of trade deficits and the use of tariffs, “I know I’m right. If you disagree with me, you’re wrong.” ...

I always pay very close attention when one author reviews another author that writes about something that he/she has not witnessed themselves and relies solely on hearsay to sell a book that is screaming to be written at this moment in time.  Maybe I shouldn't, I just don't know.  (sarcasm intended, in case anyone wasn't clear on that)

[Dan Warnick + 6,100]

4 hours ago, ceo_energemsier said:

G'Day Mate,

I am not biased against China or a Chinaphobe either.

I make statements about the Chinese desire to garner influence and yield power across the globe, portray events and issues to their population through an act of smoke and mirrors and always making themselves look better and stronger based on their history.

I would personally prefer the US-Chinese trade issues get resolved sooner than later for the benefit of all.

Chinese have been buying resources globally, and you are correct they are all over Africa buying up minerals, metals, hydrocarbons, food, agri land, timber, livestock, and doing the same in LATAM and Canada as well and yes certainly Australia.

 

As usual, well said/written and I like your approach to these complex issues.

[Dan Warnick + 6,100]

57 minutes ago, ceo_energemsier said:

 

https://www.cnn.com/2018/09/25/politics/chinese-agent-us-intl/index.html

And one more, where GE was the target, as if GE needed any more problems right now:

https://beforethetrade.com/2018/08/13/chinese-american-engineer-arrested-for-stealing-ge-secrets/

[Dan Warnick + 6,100]

49 minutes ago, Guillaume Albasini said:

For the last decades, China was heavily dependent on exports to US and European markets but this is evolving. The Chinese domestic market is growing and regional trade in Asia is also absorbing an increasing share of Chinese exports. The less they rely on exports to the US the more they can sustain a trade war with the US.

Hi Guillaume.  There is some truth to what you write, but there is not even close to enough domestic market to make up for even half of what they export, maybe not even 1/4.  That said, if China gets to the point where they want to stop doing business with the U.S. they can, as can other nations and companies, and the U.S. will keep chugging along.  For the moment, and some say for quite some time into the future, the U.S. economy can absorb goods and services from outside the U.S., or leave them.  The figure on how much of the U.S. GDP is generated from international trade is about 7%, as has been stated time and again.  One must not mistake pain caused to individual U.S. corporations, or even select industries, with pain caused to the U.S. economy.  Would some adjustments need to be made inside the U.S.?  Yes, undoubtedly, but many would argue that those adjustments are long overdue.

[Guillaume Albasini + 851]

Some Chinese firms hit by US tariffs will try to sell their products on the domestic market.

https://www.bloomberg.com/news/articles/2018-08-09/china-s-exports-are-homeward-bound

 

 

Edited September 26, 2018 by Guillaume Albasini

[ceo_energemsier + 1,818]

https://finance.yahoo.com/news/china-announces-fresh-import-tariff-cuts-amid-brewing-105921598--business.html

China trying to save face with its people and not create an outcry and public dissent..... well signs of that....

 

https://finance.yahoo.com/news/us-china-trade-war-winner-brazil-soybean-exports-192832131.html

Seems Brazil is not happy for the long term with selling a large volume to China

[ronwagn + 6,290]

Those with commercial interests in China, of course, support trade with China. Those who want more jobs in America want more production in America with free and fair trade with everyone. China's Hang Seng and the Shanghai indexes have been drifting downward since President Trump started negotiating with China on trade. Our stock market has continued to be bullish. On other fronts, China continues an aggressive stance in the South  "China" Sea, Taiwan, and around the world.

https://docs.google.com/document/d/1cPTBQkK34HqsaYp7Msg16SVR1KFlSnqTL1SkgDsKn-M/edit Foreign Trade

[ceo_energemsier + 1,818]

29/09/2018

 

South Korea has emerged as a major importer of U.S. energy resources amid the Donald Trump administration’s strong push for resource exports such as LNG.

According to the U.S. Energy Information Administration, the U.S. exported 110.4 billion cubic feet of LNG to South Korea in the first half of this year, equivalent to 22.5% of the nation’s total LNG imports. In that period, South Korea became the largest importer of U.S. LNG by beating Mexico, which imported 105.5 billion cubic feet. Mexico was followed by China (61.9 billion cubic feet), Japan (44.2 billion cubic feet), and India (31.5 billion cubic feet).

Last year, South Korea’s LNG imports from the U.S. totaled 130.2 billion cubic feet. In 2016, the amount had been merely 10.2 billion cubic feet. This year’s imports are estimated to exceed 200 billion cubic feet given that the highest demand for natural gas is generated in winter.

The Korea Gas Corporation signed a long-term contract in 2012 to import 2.8 million tons of LNG a year from the Sabine Pass Terminal located in Louisiana. The actual delivery was initiated last year. From next year onwards, private companies such as GS EPS and SK E&S are going to import U.S. LNG as well.

According to industry sources, the Henry Hub, which is an index of the U.S. LNG price, is independent of oil prices, unlike most of the LNG previously imported by South Korea and, as such, U.S. LNG can be an effective tool against high oil prices. In the first half of this year, the reference LNG price in Asia was US$9 to US$10 per MMBtu, but the U.S. LNG price has remained at US$3 or so for years.

Likewise, crude oil imports from the U.S. are on the rise. According to the Korea National Oil Corporation, 9.7% of the crude oil imported by eight South Korean oil refining companies, such as SK Energy and GS Caltex, was from the American continent in July this year. The ratio had been 4.5% in February this year.

This has to do with the price competitiveness of U.S. shale oil, which is rising along with international oil prices, production limitation by OPEC member countries, and U.S. sanctions on Iran. In the futures market, the WTI and Dubai Crude Oil prices were US$72.28 and US$77.14 per barrel on September 25, respectively.
Source: BusinessKorea

[KevinH + 11]

Oops !!

http://www.abc.net.au/news/2018-09-30/china-sweden-diplomatic-spat-deepens-after-vicious-comedy-skit/10312174

[ceo_energemsier + 1,818]

1 hour ago, KevinH said:

Oops !!

http://www.abc.net.au/news/2018-09-30/china-sweden-diplomatic-spat-deepens-after-vicious-comedy-skit/10312174

I thought the so gentle Swedish police didnt attack people LOL😀

[KevinH + 11]

21 hours ago, ceo_energemsier said:

I thought the so gentle Swedish police didnt attack people LOL😀

You have to laugh.

Its a standard ploy in China, fall over and wail away pretending to be the victim.

Put on a Holleywoodesque Emmy Award winning performance to get some attention.

Then demand compensation from the person that went to help you.

We are sometimes our own worst enemies and Chinese people are no different..

[ceo_energemsier + 1,818]

23 minutes ago, KevinH said:

You have to laugh.

Its a standard ploy in China, fall over and wail away pretending to be the victim.

Put on a Holleywoodesque Emmy Award winning performance to get some attention.

Then demand compensation from the person that went to help you.

We are sometimes our own worst enemies and Chinese people are no different..

https://finance.yahoo.com/news/china-manufacturers-feeling-pain-trade-011055386.html

[ceo_energemsier + 1,818]

https://finance.yahoo.com/news/china-widens-income-tax-exemption-161754951.html

[KevinH + 11]

https://gcaptain.com/chinas-sinopec-halves-iran-oil-loadings-under-u-s-pressure-sources/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Gcaptain+(gCaptain.com)&goal=0_f50174ef03-ef17c1092a-169618253&mc_cid=ef17c1092a&mc_eid=1ca6ea8d7f

[Tom Kirkman + 8,860]

China blinks.

China to cut import tariffs on wide range of products

BEIJING (Reuters) - China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday.

Beijing has pledged to take steps to increase imports this year amid rising tension with some of its biggest trade partners, such as the United States.

... China’s cabinet has announced plans to cut tariffs on machinery, electrical equipment and textile products beginning on Nov. 1, as the country braces for an escalating trade war with the United States.

The overall tariff level will be reduced to 7.5 percent in 2018 from 9.8 percent in 2017 as a result, the cabinet has said.

[ceo_energemsier + 1,818]

https://www.yahoo.com/news/china-manufacturing-activity-slows-trade-war-rages-061413596--finance.html

[Dan Warnick + 6,100]

14 hours ago, KevinH said:

You have to laugh.

Its a standard ploy in China, fall over and wail away pretending to be the victim.

Put on a Holleywoodesque Emmy Award winning performance to get some attention.

Then demand compensation from the person that went to help you.

We are sometimes our own worst enemies and Chinese people are no different..

Actually, I have spoken to this issue before:  China's one-child policy created what one would expect, spoiled brats!

[ceo_energemsier + 1,818]

On 9/30/2018 at 7:11 PM, Tom Kirkman said:

China blinks.

China to cut import tariffs on wide range of products

BEIJING (Reuters) - China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday.

Beijing has pledged to take steps to increase imports this year amid rising tension with some of its biggest trade partners, such as the United States.

... China’s cabinet has announced plans to cut tariffs on machinery, electrical equipment and textile products beginning on Nov. 1, as the country braces for an escalating trade war with the United States.

The overall tariff level will be reduced to 7.5 percent in 2018 from 9.8 percent in 2017 as a result, the cabinet has said.

Trying to reduce the bad optics to their people!

[Tom Kirkman + 8,860]

1 hour ago, ceo_energemsier said:

Trying to reduce the bad optics to their people!

"They Are Worried About Panic": China Blocks Bad Economic News As Economy Slumps

China's Shadow-banking system is collapsing (and with its China's economic-fuel - the credit impulse), it's equity market has become a slow-motion train-wreck, its economic data has been serially disappointing for two years, and its bond market is starting to show signs of serious systemic risk as corporate defaults in 2018 hit a record high.

But, if you were to read the Chinese press, none of that would be evident, as The New York Times reports a government directive sent to journalists in China on Friday named six economic topics to be "managed," as the long hand of China's 'Ministry of Truth' have now reached the business media in an effort to censor negative news about the economy.

The New York Times lists the topics that are to be "managed" as:

• Worse-than-expected data that could show the economy is slowing.
• Local government debt risks.
• The impact of the trade war with the United States.
• Signs of declining consumer confidence
• The risks of stagflation, or rising prices coupled with slowing economic growth
• “Hot-button issues to show the difficulties of people’s lives.”

[ceo_energemsier + 1,818]

48 minutes ago, Tom Kirkman said:

"They Are Worried About Panic": China Blocks Bad Economic News As Economy Slumps

China's Shadow-banking system is collapsing (and with its China's economic-fuel - the credit impulse), it's equity market has become a slow-motion train-wreck, its economic data has been serially disappointing for two years, and its bond market is starting to show signs of serious systemic risk as corporate defaults in 2018 hit a record high.

But, if you were to read the Chinese press, none of that would be evident, as The New York Times reports a government directive sent to journalists in China on Friday named six economic topics to be "managed," as the long hand of China's 'Ministry of Truth' have now reached the business media in an effort to censor negative news about the economy.

The New York Times lists the topics that are to be "managed" as:

• Worse-than-expected data that could show the economy is slowing.
• Local government debt risks.
• The impact of the trade war with the United States.
• Signs of declining consumer confidence
• The risks of stagflation, or rising prices coupled with slowing economic growth
• “Hot-button issues to show the difficulties of people’s lives.”

Exactly!

They have been trying to manage their "trade war fiasco" for several months now. Their heavy financial markets losses upwards of 5 trillion! they are now back peddling fast on a large number of imported goods taxes, reducing those ... What else lets see, oh yes they are using proxies to buy US crude and co-loading with crude oils of other origins.

They are having a financial melt down and trying very hard to keep up the Asian (wanna be  global) Tiger.

Nothing against them, lets make deals , sell and buy products and good and services and make money while people get  what they want but on fair terms!!!