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China Trade War - Tarrifs, Tarrifs and more Tarrifs

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  1. #121

    7.05 CNY per USD - will be interesting to see where it goes from here.

    https://www.x-rates.com/graph/?from=USD&to=CNY&amount=1


  2. #122

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    hullexile and shri like this.

  3. #123

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    U.S. farmers lost one of their biggest customers after China officially cancelled all purchases of U.S. agricultural products, a retaliatory move following President Donald Trump’s pledge to slap 10% tariffs on $300 billion of Chinese imports.

    China’s exit piles on to a devastating year for farmers, who have struggled through record flooding and an extreme heat wave that destroyed crop yields, and trade war escalations that have lowered prices and profits this year.

    “It’s really, really getting bad out here,” said Bob Kuylen, who’s farmed for 35 years in North Dakota.
    https://www.cnbc.com/2019/08/10/trum...----china.html

  4. #124

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    Pork prices in China are up 27% yoy, fresh fruit 39% and they are almost running out of Brazilian soy beans, factory prices are down. They won't let the RMB appreciate to offset the prices, doesn't look like winning to me.


  5. #125

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    Quote Originally Posted by mrgoodkat:
    Pork prices in China are up 27% yoy, fresh fruit 39% and they are almost running out of Brazilian soy beans, factory prices are down. They won't let the RMB appreciate to offset the prices, doesn't look like winning to me.
    Its about who can can bear the pain more. China can absorb the blows better because Xi does not have to face re-election like Trump. If the trade war results in a US recession, Trump's chance of a second term will disappear.
    mrgoodkat and huja like this.

  6. #126

    When I first arrived in China 25 years ago breakfast of choice was still plain congee with fermented tofu and peanuts. Lunch was vegetables and an egg over rice. Except for the current crop of young people they are used to doing without. If meat and grain go up 50% they’ll just do with less which is still more than they had a generation ago.


  7. #127

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    And someone blinked....


    Trump delayed tariffs in part to avoid a recession during 2020 election, says US Chamber of Commerce president Donohue -

    https://www.cnbc.com/2019/08/13/trum...s-donohue.html


  8. #128

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    Step 1: Bluster
    Step 2: Bluff
    Step 3: Back down
    Step 4. Declare victory.


  9. #129

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    Who knows what will be next week


  10. #130

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    Best negotiator ever! Who cares about actual results if he just keeps repeating his rhetoric? Sigh. The world we live in.


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