Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
To post in this sub-forum you must have made 100 posts or have Trust status or have completed our ID Verification

Filter this topic showing only the reply marked as answer View this topic in a long page with up to 500 replies per page Create new topic
1 | ... | 567 | 568 | 569 | 570 | 571 | 572 | 573 | 574 | 575 | 576 | 577 | ... | 1990
tdgeek
28824 posts

Uber Geek

Trusted
Lifetime subscriber

  #1982175 23-Mar-2018 15:06
Send private message quote this post

Fred99:

 

tdgeek:

 

Fred99:

 

fears over a trade war he looks like starting.

 

 

 

 

yes, it is all on now, China has responded with comment and its own tariffs on the US.

 

It is all on now.

 

 

From Bloomberg - ANZ economists wade in:

 

"Although the face value of the US tariff will be small, President Trump may push other countries to take sides, resulting in a divided world. The scale of the trade war would be broadened. This is the biggest risk lying ahead."

 

Trump's annual $60 billion PA tariff figure isn't small - it's actually approx 10% of total US import value from China.

 

I did have a quick read of Trump's executive order, there's a clause "loosely worded" (ie "if possible") for the US to work within WTO guidelines.

 

That's somewhat reassuring, but also an indication of a coming endless sh!t-fight with a China that can and will bear economic pain just to prove a point.

 

NZ winemakers should get moving - China just imposed a 15% tariff on US wine imports.

 

 

Funny you quote that as I was thinking that when I posted, a divided world trade wise. Safer to side with China by far. If countries get treated less fairly by the US, then so be it, the US wont look after its supporters, they are well down the list of charities


Pumpedd
1759 posts

Uber Geek
Inactive user


  #1982189 23-Mar-2018 15:37
Send private message quote this post

TPP without USA looks to be quite sensible.


Fred99
13684 posts

Uber Geek


  #1982259 23-Mar-2018 16:36
Send private message quote this post

Ah my bad - not $60 billion in tariffs, but $50 billion in trade to the US subject to say 25% tariffs = $15 billion.

 

Yeah - "fortuitous" the USA is out of TPP, though who'd have the USA anyway as under present leadership they're threatening to dishonour so many treaties and deals that they can't be trusted.


blakamin
4431 posts

Uber Geek
Inactive user


  #1982303 23-Mar-2018 17:16
Send private message quote this post

Does the US still owe China billions?

 

This is from last year...

 

https://www.theguardian.com/business/2017/apr/09/us-owes-china-billion-dollars-problem-beijing-trump-knows

 

 


Fred99
13684 posts

Uber Geek


  #1982423 24-Mar-2018 08:18
Send private message quote this post

blakamin:

 

Does the US still owe China billions?

 

This is from last year...

 

https://www.theguardian.com/business/2017/apr/09/us-owes-china-billion-dollars-problem-beijing-trump-knows

 

 

$1.3 trillion - I think they're the largest foreign (to US) holder of debt.  Total US debt is now over $21 trillion.

 

If they stop buying the debt (love that term - should be "lending the money"), then the US would need to finance it elsewhere, that would drive interest rates up and the US dollar up.  The USA isn't "going broke" - most of their debt is domestic - loaned by private citizens etc.

 

When the US had relatively sane government, they understood that this worked ok, keeping the dollar down against the yuan - so that keeps the price of Chinese made goods up which should work to reduce the trade deficit, but keeping interest rates down in the US, which keeps the US economy growing.

 

Trump is a moron.  Issues WRT Chinese trade have been there for a long time - declaring economic war on China is beyond stupid.


tdgeek
28824 posts

Uber Geek

Trusted
Lifetime subscriber

  #1982428 24-Mar-2018 08:37
Send private message quote this post

Am I missing something, isnt a trade deficit not the fault of in this case China? The American citizens are buying the goods, its not China's fault they are a lower price. Most of the MANY T shirts I buy on trips there are made in Honduras, so the same issue. Just because Honduras is small, doesnt make China at fault just because its much larger.

 

Tell Americans to reduce buying foreign. Tell Americans to manufacture more products that consumers want. Tell Americans to export more to China!  Yes, I know all three cannot happen, whose fault is that? 


Fred99
13684 posts

Uber Geek


  #1982437 24-Mar-2018 09:31
Send private message quote this post

Here's one reason why there should be concern about Trump's appointment of Bolton as National Security Adviser:

 

https://www.gatestoneinstitute.org/

 

He's chairman of a fake news far right anti-muslim hate group.

 

 


freitasm
BDFL - Memuneh
76827 posts

Uber Geek

Administrator
ID Verified
Trusted
Geekzone
Lifetime subscriber

  #1982445 24-Mar-2018 09:45
Send private message quote this post

tdgeek:

 

Tell Americans to reduce buying foreign. Tell Americans to manufacture more products that consumers want. Tell Americans to export more to China!  Yes, I know all three cannot happen, whose fault is that? 

 

 

Every single computer, tablet, smartphone, router, TV, stereo they buy...





Please support Geekzone by subscribing, or using one of our referral links: Dosh referral: 00001283 | Sharesies | Goodsync | Mighty Ape | Backblaze

 

freitasm on Keybase | My technology disclosure

 

 

 

 

 

 


SaltyNZ
7184 posts

Uber Geek

Trusted
2degrees
Lifetime subscriber

  #1982453 24-Mar-2018 09:56
Send private message quote this post

freitasm:

 

tdgeek:

 

Tell Americans to reduce buying foreign. Tell Americans to manufacture more products that consumers want. Tell Americans to export more to China!  Yes, I know all three cannot happen, whose fault is that? 

 

 

Every single computer, tablet, smartphone, router, TV, stereo they buy...

 

 

 

 

And Americans also complain 'China is stealing our IP!' No, mostly you're giving it to them. When you supply the parts, the plans, the tools, the processes and the training to someone so that they can build you an iPhone, they can't help but learn about iPhones along the way. I mean yes, there is definitely some out and out theft, but the process of China catching up is greatly accelerated by the fact that we ask them to build everything for us.





iPad Pro 11" + iPhone 15 Pro Max + 2degrees 4tw!

 

These comments are my own and do not represent the opinions of 2degrees.


SJB

SJB
2655 posts

Uber Geek

Trusted
Lifetime subscriber

  #1982484 24-Mar-2018 11:21
Send private message quote this post

Fred99:

 

Here's one reason why there should be concern about Trump's appointment of Bolton as National Security Adviser:

 

https://www.gatestoneinstitute.org/

 

He's chairman of a fake news far right anti-muslim hate group.

 

 

 

 

He's also a nut job.


wsnz
640 posts

Ultimate Geek


  #1982540 24-Mar-2018 13:28
Send private message quote this post

tdgeek:

 

Am I missing something, isnt a trade deficit not the fault of in this case China? The American citizens are buying the goods, its not China's fault they are a lower price. Most of the MANY T shirts I buy on trips there are made in Honduras, so the same issue. Just because Honduras is small, doesnt make China at fault just because its much larger.

 

Tell Americans to reduce buying foreign. Tell Americans to manufacture more products that consumers want. Tell Americans to export more to China!  Yes, I know all three cannot happen, whose fault is that? 

 

 

Yes, that's right. Trump clearly doesn't understand what a trade deficit is nor how one is incurred. Less than a month ago, Trump called for the Chinese Government to supply a report on how they are going to reduce the trade deficit, spoke volumes about said understanding.

 

Trump also clearly does not understand that the US economy has transformed from a manufacturing based economy to one which is based primarily on services. When you add the service-based figures back into the mix, the deficit looks very different.


Fred99
13684 posts

Uber Geek


  #1982775 25-Mar-2018 10:42
Send private message quote this post

Oh dear - I truly hope this DVD exists - but I never ever want to see it:

 


Fred99
13684 posts

Uber Geek


  #1982788 25-Mar-2018 11:00
Send private message quote this post

 

 

 

The good thing about John Bolton, President Trump’s new national security adviser, is that he says what he thinks.

 

The bad thing is what he thinks.

 

There are few people more likely than Mr. Bolton is to lead the country into war.

 

Editorial in NY Times


DaveB
1139 posts

Uber Geek
Inactive user


  #1982790 25-Mar-2018 11:16
Send private message quote this post

Fred99:

 

Oh dear - I truly hope this DVD exists - but I never ever want to see it:

 

 

 

 

 

It must be an awful time for his wife. Just imagine the humiliation. I guess love is blind when it comes to the almighty $$$'s. 


Sideface
8625 posts

Uber Geek

Trusted
DR
Lifetime subscriber

  #1982853 25-Mar-2018 13:12
Send private message quote this post

The Hill - John Bolton plans to fire dozens of White House officials

 

 

President Trump’s new national security adviser is reportedly planning major staffing changes at the National Security Council.

 

Sources close to the situation told Foreign Policy that John Bolton is preparing to “clean house” and remove nearly all of the political appointees brought in by his predecessor.

 

By hiring Bolton, many have speculated that Trump is moving to the right on foreign policy issues.

 

 





Sideface


1 | ... | 567 | 568 | 569 | 570 | 571 | 572 | 573 | 574 | 575 | 576 | 577 | ... | 1990
Filter this topic showing only the reply marked as answer View this topic in a long page with up to 500 replies per page Create new topic



News and reviews »

Synology Introduces BeeStation
Posted 23-Feb-2024 14:14


New One UI 6.1 Update Brings Galaxy AI to More Galaxy Devices
Posted 23-Feb-2024 10:50


Amazon Echo Hub Available in New Zealand
Posted 23-Feb-2024 10:40


InternetNZ Releases Internet Insights 2023
Posted 20-Feb-2024 10:31


Seagate Adds 24TB IronWolf Pro Hard Drives for Multi-user Commercial and Enterprise RAID Storage Solutions
Posted 19-Feb-2024 16:54


Seagate Skyhawk AI 24TB Elevates Edge Security Capacity and Performance
Posted 9-Feb-2024 17:18


GoPro Releases Quik Desktop App for macOS and Introduces Premium+ Subscription Tier
Posted 9-Feb-2024 17:14


Ring Introduces New Ring Battery Video Doorbell Pro
Posted 9-Feb-2024 16:51


Galaxy AI Transforms the new Galaxy S24 Series
Posted 18-Jan-2024 07:00


D-Link launches AI-Powered Aquila Pro M30 Wi-Fi 6 Mesh Systems
Posted 17-Jan-2024 20:02


Newest LG 4K Lifestyle Projector Doubles as Art Objet
Posted 9-Jan-2024 15:50


More LG Smart TV Owners Set To Enjoy the Latest webOS Upgrade
Posted 9-Jan-2024 15:45


Panasonic Announces the Z95A and Z93A With Fire TV Built In
Posted 9-Jan-2024 15:30


Amazon Echo Pop Review
Posted 8-Jan-2024 14:22


Samsung Tab S9 FE Review
Posted 17-Dec-2023 08:26



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.