Thursday, May 23, 2019

China's Tariff List Advertises Its Trade War Weakness

I agree.  It's like when you have to look at electricity usage there to find out how well or badly their industry is doing.

What’s even more revealing about China’s choices are the U.S.-made products that haven’t made any tariff list. They include civilian aircraft and their engines and parts, which had a 2018 export total of $17.73 billion. They include semiconductors and their components, which last year had China shipments that totaled several billion additional dollars. They include the equipment needed to manufacture and inspect semiconductors and their parts, which racked up at least $850 million in 2018 exports to China; devices for conducting chemical and physical analyses (with $912 million in China exports last year); laser equipment ($304 million), motor vehicles, auto parts, and plastics resins and polymers (which each produced billions in exports to China); and billions of dollars’ worth of other products that the Chinese either can’t (yet) make or can’t make in the amounts that they need—or that consist of goods preferred by Chinese consumers over their Made in China counterparts.

They are in a corner.  They need us far more than we need them ( we need them not at all, in reality).  

Trump's called this one correctly.  Let's hope he can get enough support here to win, and not have his "allies" stab him in the back while he pursues this important goal.

1 comment:

  1. and they're about to need all that pork our farmers were crying about. their's are being culled due to an African swine flue outbreak. and they love their pork.