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Author Topic: America threatens China with $500 billion in US trade tariffs  (Read 121 times)
v_Harley
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July 13, 2018, 04:53:46 PM
 #21

This will have an impact on China's economy and the experience of the United States. The financial system in the world will also be hit, so I think this will have a bad impact on the BTC.

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July 13, 2018, 05:09:58 PM
 #22

If the us china trade war happens in earnest, it will look like a messy divorce.   Undecided

I'm wondering if we'll notice a fluctuation in the price of cheap goods from china listed on amazon? If weeks or months from now I look at my amazon wishlist and there isn't a noticeable difference in prices--maybe it won't be a big deal after all?

There could be some exaggeration as to how much the cost of goods will increase. Unless a business has a monopoly or heavily centralized market with a dominant marketshare there is a limit to how much the cost of tariffs can be passed on to consumers. While there is some negative commentary in the media, it is possible tariffs will be hiked and the damage to consumers will be negligible. Chinese enterprise could be forced to eat a substantial portion of tariff hikes.

It will be interesting to see what the effects are as I remember the cost of 2 liter bottles of soda at the store roughly doubling from $1 to $2 over the past 10 or so years which would seem to indicate near to 10% price inflation per year. Will we likely price hikes anywhere near approaching that? I wonder.

I think what will happen is that a lot of manufacturing will just relocate to other countries like Vietnam, Malaysia, Bangladesh. No one country will get all the business, but all will get some, the cost of goods will remain low, and only China will lose out.

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July 13, 2018, 07:21:17 PM
 #23

This will have an impact on China's economy and the experience of the United States. The financial system in the world will also be hit, so I think this will have a bad impact on the BTC.

Surem, it will, but it's a bluff by Trump. He has weaker cards but is trying to look strong and push China into submission, but it won't work. Whole world is doing business with China. I've been in a stupid home depot today and they had a bunch of boxes standing in the corner. All the boxes had "country of origin: China" printed on them. And I'm not located in the US. I believe that the US ban will only make prices of Chinese goods for the rest of the world go down as they will be able and willing to export more.
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July 13, 2018, 10:08:02 PM
 #24

USA will lose this war. China is the biggest producer and exporter of goods nowadays. And they can produce all kinds of quality goods.
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July 13, 2018, 10:17:14 PM
 #25

This will have an impact on China's economy and the experience of the United States. The financial system in the world will also be hit, so I think this will have a bad impact on the BTC.
I again think that when the economy is unstable and unbalanced, Bitcoin and cryptocurrency will be the markets that investors will aim to protect their assets. So I hope that will have a positive impact on the cryptocurrency market.

Semosuchi Tesongrato
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July 15, 2018, 08:37:19 AM
 #26

I would not take Trump's statements too seriously, which are essentially done to please his electorate.
We will see at the appropriate moment what will actually remain of these proclamations.

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July 15, 2018, 08:55:46 AM
 #27

It is an open secret that China makes use of the manipulations with the national currency (Chinese Yuan), in order to gain unfair trade advantage with the other nations. Therefore I applaud Trump for taking such courageous decision.

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leavefifa
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August 18, 2018, 01:45:05 PM
 #28

It is not just a threat. That is the truth that the United States will do to curb the expansion of China. The US has introduced a tariff policy on Chinese imports. And China did not respond well. Trade between the United States and China will hurt both sides and affect the economies of many countries around the world.
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August 18, 2018, 01:48:56 PM
 #29

I would not take Trump's statements too seriously, which are essentially done to please his electorate.
We will see at the appropriate moment what will actually remain of these proclamations.
No one can understand Trump's thoughts as well as what he will do. The Chinese president is virtually incapable of taking the initiative in Trump's decisions, only to be able to respond after Trump made the decision. But maybe they will only do so in a short amount of time, and then the reconciliation handshake? The two major economic powers of the United States and China do not want to harm themselves. Sure.
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