China hits back at Canada with fresh agriculture tariffs

[ety]

The average world exports as percentage of GDP is 29.27%, EU is 52.69% and that of China is only 19.74%. So China is not even up to the world average, quite far, China is not really an export oriented country. Don't know why some countries make big fuss of Chinese exports.

List of countries by trade-to-GDP ratio - Wikipedia

en.wikipedia.org

 

[dabbu]

Chimese are panicking, cant be a bad sign.

 

[ety]

Chimese are panicking, cant be a bad sign.

That's your country already surrendered kneeled down to your adopted bully country.

 

[Beijingwalker]

That's your country already surrendered kneeled down to your adopted bully country.

They have "unconditional love" for US masters, even after being badly hurt as well. Stockholm syndrome

 

[EugeneP]

US has huge services trade surplus with China

Why is that? What are these U.S. services China needs?

 

[ety]

Why is that? What are these U.S. services China needs?

The US exports various services to China, including travel, intellectual property, financial services, business management and consulting, and miscellaneous business, professional, and technological services.

Specific examples such as US export Microsoft and Android products to China.

 

[Jaeger]

With 34% tariffs on both sides when they are already de facto cut off from trade, adding another 50% doesn't really make much sense. But Trump needs to keep giving his fans a mental boost, and they need it.

China will not ride him or negotiate. China will wait until the tariffs are in place and then announce another 50% reciprocal tariff increase.

And this time it will probably add the services sector, which China's government media is already building public opinion for the services tariffs.

Actually it does make a difference. An additional 50 percent tarrif will make a lot of difference.

In first round US Imposed tarrifs on all countries not just China ..some more.. some less. But nearly 20 -30 percent tarrifs on all major countries that exported to US.

So even with 34 percent tarrifs on it goods, Chinese imports to US would still been competitive compared to other countries, given their lower cost of manufacturing.

But now with an additional 50 percent tarrif ..there is not a chance any Chinese product can compete with any product being sold in US either imported or domestic.

Hence China will loose its biggest export market, a country which imports nearly half a trillion dollars Chinese goods every year.

 

[liuzhengdong]

Why is that? What are these U.S. services China needs?

U.S.-China services trade surplus reaches $290 billion

 

[SolarWarden]

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Xi is scrambling. There really is no good solution other than bending the knee to Orange man everything else leads to economic turmoil.

 

[liuzhengdong]

Actually it does make a difference. An additional 50 percent tarrif will make a lot of difference.

In first round US Imposed tarrifs on all countries not just China ..some more.. some less. But nearly 20 -30 percent tarrifs on all major countries that exported to US.

So even with 34 percent tarrifs on it goods, Chinese imports to US would still been competitive compared to other countries, given their lower cost of manufacturing.

But now with an additional 50 percent tarrif ..there is not a chance any Chinese product can compete with any product being sold in US either imported or domestic.

Hence China will loose its biggest export market, a country which imports nearly half a trillion dollars Chinese goods every year.

By the end of 2024, the total assets of the United States in China will exceed 10 trillion US dollars ‌‌

. In addition, by the end of 2024, the number of US-invested enterprises in China will reach 73,000, with a total investment of more than 1.2 trillion US dollars ‌

 

[Jaeger]

By the end of 2024, the total assets of the United States in China will exceed 10 trillion US dollars ‌‌

. In addition, by the end of 2024, the number of US-invested enterprises in China will reach 73,000, with a total investment of more than 1.2 trillion US dollars ‌

So ?

Is China planning to sieze those assets ..if not then what ?

On the other hand doesn't China hold a lot of US treasury bonds, what will happen to those?

 

[Michael]

The US exports various services to China, including travel, intellectual property, financial services, business management and consulting, and miscellaneous business, professional, and technological services.
Specific examples such as US export Microsoft and Android products to China.

Your view is incorrect.

April 6. “Roundtable for U.S.-Funded Enterprises”, speech by Ling Ji, Vice Minister of Commerce of China. (Official News Link) The original text is as follows:

我们将坚决贯彻落实习近平主席重要讲话精神，不论国际风云如何变幻，中国推进改革开放坚定不移，多边主义是解决世界面临困难挑战的必然选择，中国开放的大门只会越开越大，利用外资的政策没有变也不会变。商务部将一如既往为包括美资企业在内的在华外资企业提供保障，依法保护外资企业合法权益，积极推动解决外资企业问题诉求。中国过去是、现在是、将来也必然是外商理想、安全、有为的投资沃土。​

I explained it in a language that ordinary people can understand. What he meant was: The China-U.S. tariff war is a matter between the two governments. China will continue to abide by the open policy it promised before. For those U.S.-Funded Enterprises that have already taken root in China, don't worry at all. The Chinese government will never retaliate against you because of the tariff war.

In fact, according to China's latest laws and regulations, the products of many foreign-funded enterprises are already Chinese domestic products. They are almost unaffected by the tariff war, or the degree of impact is very small.

The impact of China's counterattack on the United States is mainly concentrated in the agricultural and energy of the United States. The impact on American agriculture in particular will be huge.

 

[ety]

Your view is incorrect.

April 6. “Roundtable for U.S.-Funded Enterprises”, speech by Ling Ji, Vice Minister of Commerce of China. The original text is as follows:

我们将坚决贯彻落实习近平主席重要讲话精神，不论国际风云如何变幻，中国推进改革开放坚定不移，多边主义是解决世界面临困难挑战的必然选择，中国开放的大门只会越开越大，利用外资的政策没有变也不会变。商务部将一如既往为包括美资企业在内的在华外资企业提供保障，依法保护外资企业合法权益，积极推动解决外资企业问题诉求。中国过去是、现在是、将来也必然是外商理想、安全、有为的投资沃土。​

I explained it in a language that ordinary people can understand. What he meant was: The China-U.S. tariff war is a matter between the two governments. China will continue to abide by the open policy it promised before. For those U.S.-Funded Enterprises that have already taken root in China, don't worry at all. The Chinese government will never retaliate against you because of the tariff war.

In fact, according to China's latest laws and regulations, the products of many foreign-funded enterprises are already Chinese domestic products. They are almost unaffected by the tariff war, or the degree of impact is very small.

The impact of China's counterattack on the United States is mainly concentrated in the agricultural and energy of the United States. The impact on American agriculture in particular will be huge.

The list is what services US exports to China, not US companies in China.

 

[Michael]

The list is what services US exports to China, not US companies in China.

I understand what you mean.
But, the focus of the China-US tariff war is on the real industry rather than the service industry.
The business of US companies such as Microsoft, IBM, and BlackRock in China will not be directly affected by the tariff war. Of course, there will definitely be some associated impact, but it will not be too big.

 

[liuzhengdong]

So ?

Is China planning to sieze those assets ..if not then what ?

On the other hand doesn't China hold a lot of US treasury bonds, what will happen to those?

If trade is cut off, what is the point of keeping US assets? ?

If you don't let me make money, why should I let you make money?

US debt is sold directly