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The Chinese are doing everything they can to make sure US tariffs don't affect US consumers. And discourage factory work to leave for other countries (Vietnam,
by hourislate 7y ago
The Chinese are doing everything they can to make sure US tariffs don't affect US consumers.
And discourage factory work to leave for other countries (Vietnam, Mexico, Taiwan, Thailand, etc).
- b_tterc_p 7y agoIs it easy for blue collar Chinese to leave and work in other countries?
- freehunter 7y agoI didn't read their comment as "preventing Chinese citizens from leaving to work in other countries" but rather "preventing factories in China from closing and moving to other countries". The workers wouldn't be going with the factories, the workers would just be unemployed.
- codehalo 7y agoI think the person meant the work, not the workers.
- chrisjc 7y agoDoesn't the increase in cost of supplying the money that Americans need to buy Chinese goods (buying TBonds) just offsetting making goods cheaper?
- jussij 7y agoFor many years the value of the Chinese exports to the USA have been much greater than it's USA imports. This large trade surplus basically means China earns a lot of USD and it uses those US dollars to buy US T-Bonds. So for T-Bonds the USD/Yaun exchange rate does not come into the picture. But that low USD/Yaun exchange rate does help to keep Chinese exports cheap and that then helps to protect their trade surplus.
- Fjolsvith 7y agoIts win/win for the USA. Trump gets to push the Chinese around and American consumers get to keep buying cheap Chinese goods.