Tarrifs On China...
This is how you know it is an election year. This is how you know the politicians are feeling the heat of a pissed off electorate for the 12th consecutive year. Normally you hear YOU CAN’T POSSIBLE HAVE TARRIFFS….TARRIFS ARE BAD…..TARRIFFS KILL THE ECONOMY….But in an election year suddenly tariffs are a great idea. No what we should do….Tariffs. How nice! If they did the same thing all the other years maybe we could fix this never ending catastrophe. Unfortunately they only get serious for a couple of months every 4 years.
The move by the
Commerce Department is certain to infuriate Chinese officials.
Good!!! If they are
upset I am happy.
The antidumping
decision is among the biggest in American
history, covering one of the largest and fastest-growing categories
of imports from China, the world’s largest exporter.
It’s really
dangerous.” Mr. Li said that Chinese companies would “certainly” retaliate by
filing a trade case at China’s commerce Yeah…this is
perfect. A trade war. We will stop importing stuff from China and make it all
in the USA. China can stop importing from the USA which is NOTHING. We will
see who wins.
a similar case against China and
Vietnam over the manufacture of steel towers for wind
turbines, charging that steep government subsidies were giving
foreign companies an unfair advantage over American
manufacturers.
“China’s method is
straightforward: it sets forth industry-specific Five-Year Plans and then uses
all forms of national and local subsidies and other governmental support to
quickly transfer jobs, supply chains, intellectual property and wealth, to the
permanent detriment of U.S. and global manufacturers,” he said. “China’s ability
to ramp up and overwhelm an industry is unique and particularly devastating with
new and emerging technologies, where global competitors may be less established
and can be knocked out more easily and quickly.”
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