China warns US not to open Pandora's Box, unleash trade ills on world
 

China warns US not to open Pandora's Box, unleash trade ills on world

China could target a broad range of U.S. businesses and even services if the trade conflict with the United States escalates, the China Daily newspaper said in an editorial.

The China Daily on Thursday quoted Chinese Premier Li Keqiang as telling a U.S. Congressional delegation this week that China was open to dialogue but "fully prepared with countermeasures"

China warned the United States on Thursday not to open Pandora's Box and spark a flurry of protectionist practices across the globe, even as Beijing pointed to U.S. goods that it could target in a deepening Sino-U.S. trade dispute.

China could target a broad range of U.S. businesses from agriculture to aircraft, autos, semiconductors and even services if the trade conflict escalates, the official China Daily newspaper said in an editorial on Thursday.
https://www.cnbc.com/2018/03/28/chin...rade-spat.html

Trade tensions reflect US-China battle for 21st century world order
The arms race was a defining element of the Cold War between the U.S., its allies and the Soviet Union. President Trump’s recent proposal for $60 billion in unilateral actions against China presages a pitched 21st-century battle over technological supremacy, with fateful consequences for the world order.
Trade tensions reflect US-China battle for 21st century world order | TheHill

Would these be US businesses manufacturing in China?

A battle China will lose if the West stops buying its goods.

Many US businesses linked with China. Trump wants to move production in the USA, big business lost - workers will get a job. Of course they not like it, and Chinese not like it too.
If production will move this trade will be stopped. Trump even can zero the national debt through bankruptcy.

‘Vulnerable’ Stocks and Record U.S. Debt Sales Dominate the Week
https://www.bloomberg.com/news/artic...inate-the-week

China's US debt holdings a strong card in any trade war
https://asia.nikkei.com/Politics-Eco...-any-trade-war

US Borrowing Nearly $300 Billion This Week
US Borrowing Nearly $300 Billion This Week | The Fiscal Times

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh:1orglaugh

yes yes paul...people are standing in line to NOT buy cheap shit...

when are you moving to expensive UK again? oh right...your not :1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Robotisation gives more cheap production.

A battle the west will win if it can manufacture goods for the cost / quality that the Chinese manage effortlessly.

When do you predict that will occur Paul ?

:1orglaugh

until then paul is going to move back to the UK to buy expensive goods :1orglaugh:1orglaugh:1orglaugh

Yes it is interesting what will do with millions(billions) unemployment after robotization

we are heading for interesting times this is for sure :2 cents:

You pretend that the US doesn't have any bargaining power...like we exist because China (the lowly labor) is making our cheap shit. Who do you think will be hurt more - Americans paying a little more for cheap shit they don't really need or 10's of millions of chinamen getting laid off?

Why do you think China backed off?

you pretend like you are the only market in the world and like no jobs in the USA rely on exports of competitive goods made with china parts...

the biggest lie americans are telling themselves is that politicians before trump were "too stupid" to do this...like there is some easy miracle pill for your situation...keep telling yourself this...it is very amusing indeed...deep down you know its not that easy...

for example the semiconducters they will now buy from the USA they will not buy from your allies S.Korea and Jap...guess who is a good buyers of US goods? ---> south Korea and Jap! :2 cents: guess who now has less money to buy your goods? :1orglaugh:1orglaugh

its not that simple my snip dick friend...not that simple at all...fat people do not win races...

I never said we're the only market, we're just the only one that matters. And those semiconductors were stolen intellectual property the Chinese won't be stealing again (thanks Trump!) and with ever changing technology, where will the Chinese be if they can't steal it anymore? Laugh all you want, but the ball is in our court. And with Trump as pres, China is at our mercy now...you know it, they know it and I know it :)

Fucking Ning Nongs.. those dam japs just copy everything and then sell us back to total crap that breaks in 2 seconds, about the only thing they make good is those dam annoying transistor radios. Jap Crap!

Yep.. we heard it all before... back in 1974

the only market that matters is any market with money...all money matters, this is not up for debate...now the problem is the US dollar is going down the shitter...petro yuan etc...not looking good for you guys :2 cents:

as for "US tech superiority" look:

jap tech > US tech
korea tech > US tech
china tech > US tech

I am happy to point that out to you and remind you that the USA has no advantage in tech any more...other than the one in your imagination...china has 60% of the worlds supercomuting power and research dollar in china/india goes waaaaay further than a research dollar in the USA...for example india went to mars on a 10x smaller budget than the USA and they succeeded in their first try...

fat people do not win races...

wow ...

987654

I predict the worker- Class of the UK will be getting a pay rise, they will be able to spend more and people will have to cut back on the quantity they buy. There will be lower debt, higher tax revenues and overall we will be better off.

The exodus of jobs started in the early 70s and pretty well exclusive to the clothing manufacturing industry. But everyone had a job, working classes were able to afford a home apart from the miners wanting to be subsidised by the taxpayers' everything was fine.

Fast forward to today and what do you buy that was "Made in England"? What prospects do young people have? What prospects do people who want a home face? How much debt do we have?

China and a few others will take whatever production it can and then sell the goods back to us. Until enough of their own and other cheap labour countries have enough people to sustain their output. While the West slowly sinks.

Imagine having millions more people who could afford to buy what you're selling. Those Just About Managing aren't exclusive to the UK.

https://ourworldindata.org/income-inequality

https://voxeu.org/article/brief-hist...lass-economics

Our 99 percent | Branimir Jovanovic

There's loads more proof of the devastation that has occurred over the last 50 years that the Third World has been used by the 1% to make themselves richer and the rest poorer.

The advance of China and other countries has been to the detriment of the West. And it's an ongoing process. There's no doubt that China has no respect for our IP rights and then sell the goods we invented back to us.

https://www.google.com/search?q=grow... =579&dpr=1.1

https://www.google.com/search?biw=12....0.NaVzQfIHcdk

You can also check Third World growth to see other countries stealing our jobs.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh:1orglaugh:1orglaugh:1orglaugh

just like paul cut back on the quantity of things he can buy and moved back to the UK with his pension


oh paul...your alzheimers is so amusing