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The current time is Mon Jun 01 23:53:24 2020
Utopia Talk / Politics / China retaliates
| Mon May 13 08:36:26|
Boeing shares fall
* China may “reduce Boeing orders” as a tactic in the trade war with the U.S., the editor of Chinese newspaper Global Times said on Monday.
* China retaliated in the trade war on Monday morning, hiking tariffs on $60 billion of U.S. imports.
* The Buckingham Research Group cautioned investors on Boeing’s stock, saying in a note on Monday that the trade dispute continues to be one of the biggest risks facing the company.
Boeing shares fell more than 3% in premarket trading Monday after the editor of Chinese newspaper Global Times speculated that the country may single out the aircraft maker in the trade war with the U.S.
“China may stop purchasing US agricultural products and energy, reduce Boeing orders and restrict US service trade with China. Many Chinese scholars are discussing the possibility of dumping US Treasuries and how to do it specifically,” Hu Xijin, editor-in-chief of the Global Times, said in a tweet. The Global Times is a state-affiliated organization, with close connections to the government. The outlet tends to be more outspoken in contrast to other state media.
China retaliated in the trade war on Monday morning, hiking tariffs on $60 billion of U.S. imports, beginning June 1. The move comes after President Donald Trump last week raised U.S. tariffs on $200 billion to 25%, up from 10%.
I think it is a mistake by China to hike tariffs on U.S goods with ONLY $60 billion.
Trump raised tariffs on $200 billion of Chinese goods!
China should have retaliated by doubling that. $400 billion on U.S goods. To teach the U.S mafia regime a lesson – that it will be fking painful to be a bully.
On top of that $400 billion China should not just talk about it but really do:
* stop purchasing US agricultural products and energy
* reduce Boeing orders and restrict US service trade with China
* dump US Treasuries
...and then create trade benefits for all other countries: EU, Russia, south American countries, Asian countries, African countries. This will make the U.S mafia regime feel isolated, and then maybe they will start to behave better towards the rest of the world.
| Mon May 13 13:16:44|
g damn, u just got rekted.
god bless China
| Mon May 13 13:26:00|
china exports more to usa than vice versa
so they simply can't match level of usa tariffs in retaliation
trump knew this was easy battle to win from the beginning
| Mon May 13 13:58:00|
Trump having no understanding of tariffs & economics, but a full willingness to make shit up is really helping him too
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