Posted on Aug 9, 2019
The US-China trade war is creating winners out of Brazil, Australia, Mexico and Canada
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The US-China trade war continues to accelerate. America has put 25% tariffs on $250 billion worth of Chinese imports, and is slated to add an additional 10% tariff on the remaining $300 billion. China currently collects tariffs between 5% and 50% on about $113 billion of US imports.
Some worry about the long-term negative effects the trade war could have on the global economy, but in the short term, the bi-lateral tariff fight has brought benefits to many other countries.
Some worry about the long-term negative effects the trade war could have on the global economy, but in the short term, the bi-lateral tariff fight has brought benefits to many other countries.
The US-China trade war is creating winners out of Brazil, Australia, Mexico and Canada
Posted from qz.com
International Trade
Rio de Janeiro
Australia
Mexico
Canada
Posted >1 y ago
Responses: 3
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Many US corporations are reluctant to make strategic business decisions due to the uncertainty of the markets.
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MAJ James Woods
But the market is doing so great. The economy has never been so great. Sorry I’ve been watching too much Fox News and Trump tweets.
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MAJ Ken Landgren
MAJ James Woods - Just imagine if there was less infusion of stock buy backs. You sound like a Trumpster. Great, never been better, never been higher, etc. I never disparaged the markets. I extolled the virtues of having more of a stable market.
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MAJ James Woods
MAJ Ken Landgren LMAO! I’ve never been accused of being a Trumpster before. Clearly you didn’t see the sarcasm and haven’t seen much of my criticism on RP before. Thanks for the laugh. But yes I was feigning like a Trumpster that watches a lot of Fox News. Cause those are the talking points they use to counter the reality that majority of of non stock, non 401k working Americans are struggling.
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I know the farmers and ranchers here in the northern plains are certainly not happy about it. There are never any winners in trade wars.
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PO1 William "Chip" Nagel
MSG Stan Hutchison I can tell You that the Soybean Famers Outside the KC Metro are Not Enjoying "Not Even the Common Courtesy of a Reach Around"
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MSG Stan Hutchison
PO1 William "Chip" Nagel - Yep. And when soybeans suffer, everything else suffers. My son-in-law said they are debating if they will even sell off steers this fall as they usually do. The price of feed is so high, feeder cattle won't bring much.
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MAJ James Woods
That’s pretty much across the midwest but some of them are diehard Republicans that have told pollsters and media panels they still never vote for a Democrat. They’re worst than the Monty Python Black Knight.
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MSG Stan Hutchison
MAJ James Woods - I do see them in a quandary. A Republican is in charge, the economy is doing pretty well, and yet they are about bankrupt.
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