| He's insane! 18:32 - Apr 9 with 4741 views | BanksterDebtSlave |
Trump also said he would be raising tariffs on China to 125%, also effective immediately, citing the “lack of respect that China has shown to the world’s markets”.
Edit....the madman's statement in full....
"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.
Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.
Thank you for your attention to this matter!" [Post edited 9 Apr 18:34]
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| He's insane! on 22:06 - Apr 9 with 676 views | BlueBoots |
| He's insane! on 18:58 - Apr 9 by Lord_Lucan |
That will cause many businesses to fold.
Of Walmarts imports China accounts for 60% at a cost of $60 billion
Walmart sales of American made goods is about 5% but Trump doesn't understand that USA cannot produce a GI Joe for a dollar. |
Not just GI Joe's...
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| He's insane! on 22:11 - Apr 9 with 653 views | Lord_Lucan |
| He's insane! on 22:02 - Apr 9 by DJR |
The BBC reported this morning that Chinese exports to the US are 2% of Chinese GDP. |
Which is still around £500 billion.
fact remains though - trump can't treat China like he does many others. |  |
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| He's insane! on 22:16 - Apr 9 with 628 views | TractorWood |
| He's insane! on 22:11 - Apr 9 by Lord_Lucan |
Which is still around £500 billion.
fact remains though - trump can't treat China like he does many others. |
Basically the only country he needs on side with the EU.
He's scarily incompetent. |  |
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| He's insane! on 22:25 - Apr 9 with 610 views | Bugs |
From something I have read, it's not the Chinese tariffs that are going to hurt the USA so much, but it is the requirement for licences to export rare earth minerals to the USA from China. At least for the short to medium term.
You can't build a modern fighter jet without them, let alone an iPhone (if apple want to start building factories in the US).
I'm aware that the USA is trying to try and become less dependent on China for these minerals, but don't pis5 off the Canadians, who are sitting on a good amount of some of these minerals, if you're serious about finding new sources for these minerals away from China. [Post edited 9 Apr 22:26]
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| He's insane! on 07:24 - Apr 10 with 464 views | BanksterDebtSlave |
“In my case, I like to take a nice shower to take care of my beautiful hair,” Trump said as he signed the executive order......." | |
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| He's insane! on 08:13 - Apr 10 with 403 views | BloomBlue |
| He's insane! on 22:25 - Apr 9 by Bugs |
From something I have read, it's not the Chinese tariffs that are going to hurt the USA so much, but it is the requirement for licences to export rare earth minerals to the USA from China. At least for the short to medium term.
You can't build a modern fighter jet without them, let alone an iPhone (if apple want to start building factories in the US).
I'm aware that the USA is trying to try and become less dependent on China for these minerals, but don't pis5 off the Canadians, who are sitting on a good amount of some of these minerals, if you're serious about finding new sources for these minerals away from China. [Post edited 9 Apr 22:26]
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Greenland apparently has huge volumes of these rare minerals but nobody has actually started full production yet for various reasons. If only somebody could get the US to look at working with Greenland........ |  | | |
| He's insane! on 08:21 - Apr 10 with 369 views | NthQldITFC |
| He's insane! on 08:13 - Apr 10 by BloomBlue |
Greenland apparently has huge volumes of these rare minerals but nobody has actually started full production yet for various reasons. If only somebody could get the US to look at working with Greenland........ |
Penguinland is full of 'em too, but the penguins won't lie down now. (Not sure they ever would to be honest, with those feet.) |  |
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| He's insane! on 09:36 - Apr 10 with 295 views | DJR |
| He's insane! on 20:43 - Apr 9 by Guthrum |
One of the problems for Trump's position is that it's all very well to demand people come and set up factories in the US, but that takes a considerable time, for construction and equipping. Not to mention recruiting and training staff. It can't be turned on like a tap. In the meantime, vendors and assembly plants are cut off from their supply chains.
Another is that not all raw materials are obtainable in country. Particularly foodstuffs which grow in other climates. They simply cannot be replaced with domestic production. |
This from the Guardian.
Axios reported on Tuesday comments Steve Jobs made, in Walter Isaacson’s biography, during conversations with Barack Obama, that the US lacked the quantity of highly trained personnel the company would need.
Apple had 700,000 factory workers employed in China, Jobs said, and that was because it needed 30,000 engineers on-site to support those workers.
“You can’t find that many in America to hire,” he said.
More recently, Cook, whom Trump memorably referred to as “Tim Apple” during his first term, was just as forthright, Axios reported. Cook told Fortune in 2017 that companies like his relied on countries such as China not for cheap labor, but the quality of trained employees.
“The reason is because of the skill and the quantity of skill in one location, and the type of skill,” he said.
“[Our] products require really advanced tooling. The precision that you have to have in tooling, and working with the materials that we do, are state-of-the-art, and the tooling skill is very deep here.
“In the US you could have a meeting of tooling engineers, and I’m not sure we could fill the room. In China you could fill multiple football fields.” |  | | |
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