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  • China Commerce Ministry says China has fully prepared to respond after Trump's new threat of tariffs

Added at 8:38am
Added at 8:38am

  • China will not hesitate with 'major response' to new tariffs: Ministry of Commerce

    From cnbc.com

    The comments came at briefing by China's Commerce Ministry Friday in Beijing. U.S. President Donald Trump said late Thursday he instructed the United States Trade Representative to consider $100 billion in additional tariffs against China. Stock index futures fell sharply after the news, with Dow futures off more than 200 points, on fears of retaliation by China. Thursday's announcement follows the Trump administration's late Tuesday proposal for 25 percent tariffs on imports of roughly 1,300 Chinese product lines valued at $50 billion, ranging from machinery to vaccines. Less than 24 hours later, China's Ministry of ... (full story)

Good timing for a news flash- right on NFP
If you look back at the news recently you will see that this has been happening frequently when major news announced. More than a coincidence
Sellers will be on the way
Now this week Fx mkt drive by US - China Trade war.
Why is this new to anyone? This was quite obvious so far.
Trade smart because it will never be a fair market with this stuff, and they wonder why people are trading currencies like they used to LOL
I traded the usd/cad because of cad good news see what happens
Bring out the popcorn!
Perfect timing.... of course.
$ down, stocks down. buy oil.
  •  Guest
  • | IP XX.XX.125.41
Quoting jegas
Now this week Fx mkt drive by US - China Trade war.
Lets hope this does escalate to impact Treasury purchases by China.
A weaker demand for US debt from a major buyer would impact both Administration and economy.
With budget deficits rising and tax cuts approved in December expected to hurt revenue, the US has to sell more securities to pay the government’s expenses. That kind of move would also compromise Feds scaling back purchases of Treasuries as it gradually reduces its $4.4 trillion balance sheet.
  •  Guest
  • | IP XX.XX.125.41
sorry Typo.. ment " Lets hope this does NOT escalate to impact Treasury purchases by China.
(No edit facility for guest posts)
Looks like China's Commerce Ministry is another Trump. LOL
Quoting Forexia
Looks like China's Commerce Ministry is another Trump. LOL
They are not like Trump. Trump is a master level businessman while those people at China's side are master level politician. Trump targeted tariff at product, they targeted tariff at Trump's support base in an attempt to undermine Trump's support. Those produce that China targeted come from states which has strong support for Trump. Trump fight an economic battle while the Chinese fight a political battle. One is not like the other. Let see how much the US media will run down Trump in coming days, it will show you the extent of influence the Chinese side has infiltrated the US media. So far, the media has been pretty tame.
Quoting Hareii
{quote} They are not like Trump. Trump is a master level businessman while those people at China's side are master level politician. Trump targeted tariff at product, they targeted tariff at Trump's support base in an attempt to undermine Trump's support. Those produce that China targeted come from states which has strong support for Trump. Trump fight an economic battle while the Chinese fight a political battle. One is not like the other. Let see how much the US media will run down Trump in coming days, it will show you the extent of influence...
And Wall Street has been pretty resilient too so far to this trade war. Everything about China is political and about ego and face-saving but that's what's going to backfire on China. The media will pick Trump apart on his bad business decisions, but once it turns personal and political, that's when the country will rally behind Trump and support him a bit cuz it's not just business anymore, it's USA vs. China now and targeting specifically the Trump-Supporting states is like an assassination attempt almost. USA is not going to have that.
  • Post #16
  • Quote
  • Edited at 10:57am Apr 6, 2018 10:47am | Edited at 10:57am
Quoting Forexia
{quote} And Wall Street has been pretty resilient too so far to this trade war. Everything about China is political and about ego and face-saving but that's what's going to backfire on China. The media will pick Trump apart on his bad business decisions, but once it turns personal and political, that's when the country will rally behind Trump and support him a bit cuz it's not just business anymore, it's USA vs. China now.
That is because China is a one-party rule and now a one-person rule. They don't have the legitimacy to represent the Chinese people because no Chinese people appoint them to that leadership position. Therefore, maintaining a 'wholesome' strong image is ultra important to their survival as leaders in China. If given the choice, the Chinese people will opt for more power sharing system instead of the current system, so the leadership in China is always edgy and is paranoid in all things (can be seen in their censorship of all things in China and tight control of dissent). To me this is not sustainable. Instead of focusing on progress, the leadership would spent more time on self-preservation than anything. This tit-for-tat trade war is an example self-preservation because Xi cannot be seen to "lose" out to US now that he suffer a serious setback from the Chinese people when he remove the term limit on President service term. Xi's enemies whom he has removed systemically over the past years are laying in wait to tear him apart. The scene in Chinese politics is very ugly and cruel. A loss of leadership position in China potentially is a life-and-death matter not just concerning the leader but to all his family members and associates unlike Trump who if he lost the president post, is just a loss of political career. Something that not many people outside China would ever know. The Chinese leader's real battle is internal to China and all these posturing to International community is just a show to the Chinese people.
So says an American.... lol.
  •  Guest
  • | IP XX.XXX.206.133
Quoting Hareii
{quote} That is because China is a one-party rule and now a one-person rule. They don't have the legitimacy to represent the Chinese people because no Chinese people appoint them to that leadership position. Therefore, maintaining a 'wholesome' strong image is ultra important to their survival as leaders in China. If given the choice, the Chinese people will opt for more power sharing system instead of the current system, so the leadership in China is always edgy and is paranoid in all things (can be seen in their censorship of all things in China...
thumbs up#1 very true and decent observation of China. Nothing has changed there - nothing will. System will implode sooner or later
Quoting Hareii
{quote} That is because China is a one-party rule and now a one-person rule. They don't have the legitimacy to represent the Chinese people because no Chinese people appoint them to that leadership position. Therefore, maintaining a 'wholesome' strong image is ultra important to their survival as leaders in China. If given the choice, the Chinese people will opt for more power sharing system instead of the current system, so the leadership in China is always edgy and is paranoid in all things (can be seen in their censorship of all things in China...
Yes I totally agree and it's such a shame as Xi is actually a decent leader and a good person and yet he has to deal with all those internal political s*** which must be so distracting to him when he's trying to concentrate on managing a country. Personally, I don't think the removal of term limit, a backward step to the continuous democratizing of China was Xi's choice; he probably did it just to stay alive even not just to stay in power. Losing power being equivalent to losing ones' lives and your families' lives is something from China's 5000 years of dynasty past, and it's just disappointing to realize that this "tradition" is still manifesting itself in many ways just in a different form.

And this is something that probably Europe who's had experience with absolute monarchy system would understand a little bit but for countries like USA who's founded on democracy right from the start is not going to understand that but then again even if they DO understand, it's going to bear very little impact on their action.
It is still a debate whether Xi is a 'good' leader. On the surface, he cleaned up alot of corruption and sentence to death a huge number of high ranking officials. But Chinese observers also noted that those whom he targeted are his political enemies and none of his own political allies and associates are touched so far. To assume that all his own political allies and associates are all corrupt-free is a stretch to imagine. The Chinese people know all too well because they are on the ground. They know who are the corrupted one. We outsiders cannot understand in that detail depth but the verdict is still unclear whether Xi is using corruption to eliminate his political enemies or is he sincere in cleaning up the system.

The other debate on the excuse that he is removing the term limit to stay in power as long as possible so that he can stay alive considering so many of his enemies had been eliminated by him, the Chinese observer say that instead of staying in sole power control, he should have move faster towards a democratic system and let people put him in power as first elected president and which will guarantee his survival as no one will dare touch the people elected representative. Now he elect to self rule as long as possible, certain segment of the people has change their support for him into distrust. This is worse for him in terms of survival. I note that we are off-topic. So I will end here.
Quoting Forexia
{quote} Yes I totally agree and it's such a shame as Xi is actually a decent leader and a good person and yet he has to deal with all those internal political s*** which must be so distracting to him when he's trying to concentrate on managing a country. Personally, I don't think the removal of term limit, a backward step to the continuous democratizing of China was Xi's choice; he probably did it just to stay alive even not just to stay in power. Losing power being equivalent to losing ones' lives and your families' lives is something from China's...
Actually, the U.S.A. is not a democracy. It is actually a Republic.
what is the difference between democracy and republic? I'm a US citizen who votes every time. Am I participating in democracy? Thanks!


Quoting Pair-me-up
{quote} Actually, the U.S.A. is not a democracy. It is actually a Republic.
Quoting Guest
{quote} Lets hope this does not escalate to impact Treasury purchases by China...
Achilles heel of US economics.
Quoting mnwind
what is the difference between democracy and republic? I'm a US citizen who votes every time. Am I participating in democracy? Thanks! {quote}
Read this. Warning its quite boring.

https://www.washingtonpost.com/news/...=.b68f53d0a3f7


Quoting Pair-me-up
{quote} Actually, the U.S.A. is not a democracy. It is actually a Republic.
USA is a democracy, a free world, a superpower, beacon of the light.
Quoting Guest
{quote} Lets hope this does escalate to impact Treasury purchases by China. A weaker demand for US debt from a major buyer would impact both Administration and economy. With budget deficits rising and tax cuts approved in December expected to hurt revenue, the US has to sell more securities to pay the government’s expenses. That kind of move would also compromise Feds scaling back purchases of Treasuries as it gradually reduces its $4.4 trillion balance sheet.
Add to that: a weakening of the global business cycle and continued volatility in the equity markets.
  • Post #27
  • Quote
  • Edited at 3:19pm Apr 6, 2018 2:00pm | Edited at 3:19pm
Quoting Hareii
It is still a debate whether Xi is a 'good' leader. On the surface, he cleaned up alot of corruption and sentence to death a huge number of high ranking officials. But Chinese observers also noted that those whom he targeted are his political enemies and none of his own political allies and associates are touched so far. To assume that all his own political allies and associates are all corrupt-free is a stretch to imagine. The Chinese people know all too well because they are on the ground. They know who are the corrupted one. We outsiders cannot...
Nobody is ever corruption-free even in a democratic system but Xi can only kill off so many people especially when he's still fighting for survival. Even though his power is solidified a bit but you don't know what's going on in the inside. The fact that he's increasing term limit might be a signal that he's still struggling for power more than anything else; none of his previous predecessors have ever had to do that and they were all much more conservative than him. All those internal political forces once entrenched are very hard to be removed even after a leader is long gone as they don't have term limit either and are not democratically elected either unlike the Senators and House of Representatives in the US Congress. So if they are not democratically elected and don't have a term limit, WHY should he, the President have a term limit? The cosmetic appearance just to appease the West is way too overrated. The whole point of the term limit is to have change, but if the inner central party members that dictates how a country is run never leaves and never changes, why should he leave when he obviously still has so much to accomplish? Doesn't make sense.

Xi is long regarded as someone who's more open-minded to reform and democracy. If somebody like Xi who just has some "democratic" ideas who's been approved and appointed by the central government have to struggle so much to stay in power, you can imagine how well he can stay in power if he was truly elected by the Chinese people via a true democratic open voting system if democratic system is really installed in China. Having a democratic system installed is one thing but keeping it stable and strong and well-running is another story. There is no point electing another Gorbachev and then have a country run into turmoil or become a militarist regime like those South American countries. And this is China's main concern. China WANTS democracy and sees it's an eventuality now that the economic system is a more free-running market economy model. It knows the current dynastic one-party, one-person rule is not sustainable in the long run but how to transition into an equally sustainable democratic system smoothly for a population of 1.4 billion people (and growing) is the key.
Quoting Guest
{quote} Lets hope this does escalate to impact Treasury purchases by China.
Treasury purchase is NOTHING. LOL China at its highest amount holding of US's debt was 25% of 1% of US's debt. Without China there, US can still borrow all he wants.
So many experts here on China and how their political system works. Amazing.
Quoting Ken A
{quote} USA is a democracy, a free world, a superpower, beacon of the light.
Get your facts straight again. USA is NOT a democracy.

Google it up.

For those who are lazy...

"The key difference between a democracy and a republic lies in the limits placed on government by the law, which has implications for minority rights. Both forms of government tend to use a representational system — i.e., citizens vote to elect politicians to represent their interests and form the government."
Tongue in cheek

Look it up
Quoting Jr123
{quote} Read this. Warning its quite boring. https://www.washingtonpost.com/news/...=.b68f53d0a3f7
Please read this article on republic or democracy. Bit of both sounds to me.
How hard is it for China to be nice to Trump. America can get products made in other countries instead or make it themselves. With cheaper US electricity and robotics China has minimal competitive advantage as human labor costs are removed. Being a cheap assembly plant won't win in this situation.
Quoting Ken A
So many experts here on China and how their political system works. Amazing.
  •  Guest
  • | IP XX.XX.125.41
Quoting Hareii
{quote} The Chinese leader's real battle is internal to China and all these posturing to International community is just a show to the Chinese people....
Interesting..
I wonder if the reverse also hold true..
That the US leader's real battle is internal to the US and all these posturings to the International community is just a show for the US people..?
Quoting Aussi
{quote}
Don't worry about it just a bunch of septics blowing their trumpets. Come on really, whinging about corruption in other countries from people who don't even have a national identity. My fellow Americans, does that include Canadians, Mexicans not to mention all those south of the canal. I do think the US political system is better though, don't like em then they just shoot em up.
  •  Guest
  • | IP XX.XXX.27.85
Quoting Ken A
So many experts here on China and how their political system works. Amazing.
Everybody's a China expert after watching some CNN!
  •  Guest
  • | IP XX.XXX.243.114
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  • Story Stats
  • Posted: Apr 6, 2018 8:34am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 37  /  Views: 7,763