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BANGKOK 19 June 2019 15:00
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Expectations low for Trump-Xi talks, preparations limited

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8 hours ago, ExpatOilWorker said:

Xi is kind of in a tough spot on this one. The longer he waits the more of an anti-China feeling will build up in the US and that might be hard to reverse once it settle in.

A few companies, Chinese and US, are starting the relocate manufacturing outside China. If this trend pick up speed, it will be a permanent loss for China.

On the other hand, if Xi cave in, he will look like a weak leader domestically.

 

We hear so much noise from Washington, but all is quiet on the Eastern front.

The average American doesn't much care about where there products come from.   A lot would buy American if it were available and reasonably priced.   Quality counts and the US tended to have good quality products.   

Chinese markets need to be cultivated and it has taken a long time to gain access to those markets.   China is a vast market and losing it will be a major loss for the US.   They are also a competitive market.   There isn't a lot that the US makes that China doesn't make or can't get elsewhere.   

 

 

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13 hours ago, Boon Mee said:

Yeah, he sure caved on Mexico and Iran didn't he! 555 

Would that be the same Mexico that will be paying for the wall?... :coffee1:

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He is starting to fold on China won’t set deadline for more sanctions of course maybe he will have a (gut) feeling and things will change just pathetic 

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Posted (edited)
1 hour ago, Tug said:

He is starting to fold on China won’t set deadline for more sanctions of course maybe he will have a (gut) feeling and things will change just pathetic 

 

It isn't like Xi has some pretty serious problems at home after all. The sanctions thus far have had very little affect on the American consumer as the Yuan has gone down and it has been China absorbing it for the most part. I live in the USA and shop here everyday and prices have not gone up or at least not to the point anybody could notice it.

 

Add to this the fact that gasoline is at a pretty steep decline in price and I don't think anybody could argue this is hurting the average American so far.

 

The protests in HK are now full blown riots. 

Edited by Cryingdick
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3 hours ago, Cryingdick said:

I live in the USA and shop here everyday and prices have not gone up or at least not to the point anybody could notice it.

 

 

Have you really been shopping "everyday" for major appliances, furniture, bedding, floor coverings, auto parts and building materials? Because that's where the tariffs have been mostly targeted:
 

1790609272_tarifschart.PNG.eb957b5abbf711f661a4a0ae26a1eed8.PNG

 

As we move into the late summer and fall, the impact of new tariffs is going to be felt on more of the average consumer goods like electronics and staples like peanuts, sugar, wheat, chicken & turkey.

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1 hour ago, attrayant said:

 

Have you really been shopping "everyday" for major appliances, furniture, bedding, floor coverings, auto parts and building materials? Because that's where the tariffs have been mostly targeted:
 

1790609272_tarifschart.PNG.eb957b5abbf711f661a4a0ae26a1eed8.PNG

 

As we move into the late summer and fall, the impact of new tariffs is going to be felt on more of the average consumer goods like electronics and staples like peanuts, sugar, wheat, chicken & turkey.

Clearly visible?

They cherry picked 9 tariff impacted categories and made a cute little graph showing prices are marginally higher than 2015.

Despite he sad name,  cryingD is of course right.

Every single central banker around the world have been on their knees praying for 2% inflation since 2008, now we are finally getting just a little bit of inflation.

 

 

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Posted (edited)
34 minutes ago, ExpatOilWorker said:

Clearly visible?

They cherry picked 9 tariff impacted categories and made a cute little graph showing prices are marginally higher than 2015.

Despite he sad name,  cryingD is of course right.

Every single central banker around the world have been on their knees praying for 2% inflation since 2008, now we are finally getting just a little bit of inflation.

 

 

Central bankers were and are praying for that level of inflation as a natural consequence of economic activity. Not as a consequence of tariffs which are economically equivalent to taxes.

Edited by bristolboy

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5 hours ago, Cryingdick said:

 

It isn't like Xi has some pretty serious problems at home after all. The sanctions thus far have had very little affect on the American consumer as the Yuan has gone down and it has been China absorbing it for the most part. I live in the USA and shop here everyday and prices have not gone up or at least not to the point anybody could notice it.

 

Add to this the fact that gasoline is at a pretty steep decline in price and I don't think anybody could argue this is hurting the average American so far.

 

The protests in HK are now full blown riots. 

Economists have estimated that if you total up the effect of the first and second round of tariffs that Trump has imposed, it would average out to $1244 per household. Oddly enough, this analysis is somewhat at odds with Trump's claim that it's China paying for the tariffs.

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17 hours ago, sfokevin said:

Yeah he has Mexico all squared away...

#YouveBeenConned

 

Wouldn't it be nice if China had a similar satirical program, then we could all laugh of Winnie the Pooh, but I guess he is too afraid to speak up.

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15 hours ago, Credo said:

Quality counts and the US tended to have good quality products.   

 

Somebody didn't buy many durable goods, manufactured in the U.S., in the 70's and 80's: total crap.

 

Jobs that are gone are not coming back. Get over it, move on. Or maybe re-open that buggy whip factory?

 

 

3 hours ago, bristolboy said:

Economists have estimated that if you total up the effect of the first and second round of tariffs that Trump has imposed, it would average out to $1244 per household.

Yes, whatever tax cut benefit trickled down to the lower depths have all been more than offset by trump's tariff policies.

 

And on the other side, American firms/farms exporting to China are also caught in the trump tariff vise. Lose/lose.

 

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