Barmy Trump attacks world trade in rage at China

[JohnD]

The story is so familiar that you'll think you've seen it before.

To Trump's rage, China did not cave in to his previous attacks. Instead, they imposed export controls, including on minerals and metals that US wants to buy, and China produces. Some might call their policies "responses" or "reciprocal."

Trump threatens to impose import taxes on their goods, to make them even more expensive for American buyers and manufacturers.

China doesn't need him. They have a world to trade with, and an enormous internal market.

Can you guess what happened to US stock exchange indices today?

"Demetri Sevastopulo and Aime Williams in Washington
Published YESTERDAY
Updated 22:06

Donald Trump has said he will impose additional tariffs of 100 per cent on China and threatened to cancel his planned summit with President Xi Jinping, reigniting trade tensions between the countries.

The US president on Friday accused Beijing of taking an “extraordinarily aggressive position on trade”, and said he would impose “large scale Export Controls on virtually every product they make” as well as on “all critical software”.

The new measures would be imposed from November 1, or sooner, depending on China’s actions, he added in a post on Truth Social.

China this week unveiled a package of export controls that will disrupt global supplies of rare earths and critical minerals. Under the new rules, foreign companies would have to obtain Beijing’s permission to export critical magnets and other products that contain even small amounts of rare earths sourced from China."

FT.com

 

[JohnD]

"Trump’s new levies on China raises the prospect of the two countries returning to the full-blown trade war that erupted earlier this year when he hit Beijing with 145 per cent tariffs and Xi retaliated by slapping 125 per cent levies on goods coming from the US.

The average US tariff on imports from China is near 58 per cent, according to analysis from the Peterson Institute for International Economics. China’s average tariff on US goods is about 37 per cent."

FT.com

 

[noseall]

"Trump’s new levies on China

TACO Trump? I bet China are quaking in their boots, like last time, lol. As said, China has a robust trading partnership with the rest of the world.

 

[SPLINE]

Watch as the DIYNOT commies side with China over America.

 

[carmanmemoranda]

Watch as the DIYNOT commies side with China over America.

Moving onto another thread because you lost the argument on the other 1.

Nobody is siding with China.

 

[Knave of Hearts]

I'm quite content with Trump's mad tariffs, especially when he U-turns.
Late May this year I invested £10k (at £5.47 per share) in Vietnam Enterprise Investment Limited, (VEIL)
I was a couple of weeks late to the party, but I'm more than satisfied with my investment.
In April, the share price slumped due to Trump's tariffs imposition.
But when he backtracked (on Vietnam tariffs) in May, the share price recovered their losses, and some.
Nearly 5 months later, and I'm over £4k to the good (at £7.85 per share).
At this rate I might see a doubling of my investment over 12 months.
Long live Trump and his wild random ideas.

Despite the recovery, and some, I'll probably continue to drip feed into this investment.
It appears to be going from strength to strength, although like all such investments, it goes through periods of calm.

Other Vietnam investment trusts are not doing so well. (VNH and VOF)

 

[fillyboy]

I'm quite content with Trump's mad tariffs, especially when he U-turns.
Late May this year I invested £10k (at £5.47 per share) in Vietnam Enterprise Investment Limited, (VEIL)
I was a couple of weeks late to the party, but I'm more than satisfied with my investment.
In April, the share price slumped due to Trump's tariffs imposition.
But when he backtracked (on Vietnam tariffs) in May, the share price recovered their losses, and some.
Nearly 5 months later, and I'm over £4k to the good (at £7.85 per share).
At this rate I might see a doubling of my investment over 12 months.
Long live Trump and his wild random ideas.

Despite the recovery, and some, I'll probably continue to drip feed into this investment.
It appears to be going from strength to strength, although like all such investments, it goes through periods of calm.

Other Vietnam investment trusts are not doing so well. (VNH and VOF)

As I've said to others, you'd have done better in Rolls Royce. Still not too late, they were recently awarded the Govt contract for small nuclear reactors although it will probably be 4 years at least before that's monetised. I'm hoping for £15 per share by end 2026.

 

[Notch7]

Watch as the DIYNOT commies side with China over America.

Please go away and grow up a bit.

 

[Notch7]

Donald Trump has said he will impose additional tariffs of 100 per cent on China

What that actually means is he will impose additional 100% tariffs on American citizens.

Trumps import tariffs are taxes on ordinary American citizens and the money is going to pay for tax cuts for the wealthy

 

[Knave of Hearts]

As I've said to others, you'd have done better in Rolls Royce. Still not too late, they were recently awarded the Govt contract for small nuclear reactors although it will probably be 4 years at least before that's monetised. I'm hoping for £15 per share by end 2026.

Hardly!!!

The gain on VEIL shares over 5 months has been nearly £4,300
A similar time frame for RR would only have yielded a gain of about £1,650.

VEIL does not pay dividends, whereas RR do, but even at £15 per share would only produce about £2,160. That plus the gain (£1650) would still total only total £3,810, over 5 months.

They don't call Vietnam the rising tiger for nothing.

Then there's the moral aspect to consider of what your money is doing.

You're backing the wrong horse..............as usual.
And your morals have taken a back seat..............as usual.

 

[carmanmemoranda]

What that actually means is he will impose additional 100% tariffs on American citizens.

Trumps import tariffs are taxes on ordinary American citizens and the money is going to pay for tax cuts for the wealthy

I'm amazed that some of those people that present themselves as intelligent don't see this.

Until USA production costs are as low as "the cheapest place to produce" then prices for the consumer will be dearer if tariffs are imposed

 

[SPLINE]

Only those Americans who buy Chinese crap.

 

[fillyboy]

Hardly!!!

The gain on VEIL shares over 5 months has been nearly £4,300
A similar time frame for RR would only have yielded a gain of about £1,650.

VEIL does not pay dividends, whereas RR do, but even at £15 per share would only produce about £2,160. That plus the gain (£1650) would still total only total £3,810, over 5 months.

They don't call Vietnam the rising tiger for nothing.

Then there's the moral aspect to consider of what your money is doing.

You're backing the wrong horse..............as usual.
And your morals have taken a back seat..............as usual.

Your maths is a little out but I acknowledge yours has done better. I bought in March at £6.26 and was comparing to that, RR was £8.75 end of May.
Was less than a pound during covid, wish I'd bought then.

 

[Notch7]

Only those Americans who buy Chinese crap.

childish troll

 

[noseall]

Only those Americans who buy Chinese crap.

What do you suggest? That folks dismantle all their goods try and identify and throw out all the Chinese components?