4 ms·

Pointed it out in the other thread, but this is a capitulation. China imposed retaliatory tariffs that remain in effect! There are a handful of businesses tha

by ajross 2y ago

Pointed it out in the other thread, but this is a capitulation. China imposed retaliatory tariffs that remain in effect! There are a handful of businesses that do indeed export to China, and the net effect here is that they've all been thrown under the bus. China gets to kill/pick/control them at will now.

dave4420 2y ago
How will China react to this, I wonder.
- ajross 2y ago
  The horrifying thing is that they don't have to. They hold all the cards now. They can drop their new trade barriers at will. Maybe they'll ask for concessions. Maybe they'll leave them in place to kill off troublesome competitors. Maybe they'll coerce the affected companies into selling to Chinese-owned interests at a steep discount. Maybe they'll just take a bunch of bribes. This is how a trade war looks. And we're losing. Badly.
  - foobarian 2y ago
    > They hold all the cards now What do you mean "now?" With the amount of trade imbalance they had the ability to simply block exports at any time. It perhaps only works once but it's a very powerful lever.
    - pests 2y ago
      Isn’t that the lever that we pulled on ourselves?
- seanmcdirmid 2y ago
  They will either ignore it or double down with an export tax on items in that class.
- est 2y ago
  China waits paitiently for the big BOOM of US treasury bond in June.
- marcosdumay 2y ago
  As a result of that, they got into some really successful negotiations with a lot of countries in Asia, Africa, Europe and America. I think they want to keep the subject on the news for as long as possible. And then I imagine they'll probably silently drop the tariffs, because those are harmful for them.