1 percent from China .. Who the 99% ? 😂😂😂 and US blame China . WTF

@willengel2458

2 ай бұрын

that 1% is special steel that's not economical to produce here in the states

@crazyqqq3

2 ай бұрын

Japan? Mexico? Don't USA has inflation problem? Still want to buy expensive goods?

@chiakeesame972

2 ай бұрын

I need a Bogeyman, always.

@icebaby6714

2 ай бұрын

Biden is ignorant and nobody advised him. Katherine Tai failed to advise him on this.

@yeetian2774

2 ай бұрын

The largest one is Canada. Second is Mexico

US imports about 2% of Steel and 4% of Aluminum from China.

@reivell3699

Ай бұрын

Yes but China's steel is spying on the Americans!!!!

@mujur9101

Ай бұрын

And where is the other 98% came from? 😅😅😅

Google "US steel imports by country" ,China was not listed on top 10, LMAO!

@tommas2674

2 ай бұрын

we have all the natural resources we should not import anything.

@satriojumeneng7055

2 ай бұрын

@@tommas2674 If you don't import, then what is the price of your product? Can Americans afford to buy it?

@wongcy713

2 ай бұрын

​@@tommas2674spot on mate. Then what the hell is your trade rep groaning about? The 5 watt bulb intelligence of US government shinning through.

@jacksmith-mu3ee

2 ай бұрын

​@@tommas2674 then stop telling china what to do

@davidwong325

2 ай бұрын

But half a year later, you have to choose Trump or Biden，哈哈

Sounds like the plaza accords all over again, except it's not Japan this time

@registerhand4720

2 ай бұрын

And China doesn't give a sh**

@drscopeify

2 ай бұрын

Yeah about the same thing, Japan also over produced steel and exporting cheap cars around the globe, it's just a currency imbalance. They will figure it out as China moves away from industry and in to advanced economy like Japan.

@LanNguyen-vd4zt

2 ай бұрын

It’s that the plaza your mom work at ?

@jacksmith-mu3ee

2 ай бұрын

​@@drscopeify no its the plaza tower in u

@Coffeeholic1740

2 ай бұрын

@@jacksmith-mu3eeomg best comment 😂

Stop crying. Build your industrial capacity instead of instigating and waging wars.

@drscopeify

2 ай бұрын

The USA is the consumer that lifted over 500 million Chinese out of poverty and lead to the advanced modern economy that China has today and the USA has been able to maintain low inflation and switch to an advanced economy thanks to Chinese exports so both sides need each other but even the USA and Japan which are very friendly with each other had trade wars in the 1980s-90s so just because there are trade issues does not mean the 2 are enemies but instead can be very friendly and have close and strong relations even with a trad war, it's not a big deal as it seems.

@drscopeify

2 ай бұрын

Also one more comment, remember that China is blocking American tech companies like this website you are right now on, this website is blocked in China to promote Chiense tech industry so the USA doing the same in return and you are crying about the USA? Come on man.

@Andromeda365

2 ай бұрын

​@@drscopeify the US was also part of the eight nation alliance that tried to subjugate and carved up china let's not left that history out.

@tommas2674

2 ай бұрын

@@drscopeify smh

@platocai8874

2 ай бұрын

usa destory everything and china build everything

Basically the US can't compete so comes up with any ruse to excuse further tariffs.

@johnkanji8588

2 ай бұрын

Yeah that is normal for relations between countries even if they are very close friends like USA and Japan in the 1980s-90s even between countries inside of the EU they have such issues like food production, it's just normal part of trade relations so the USA and China can still have good relations regardless it's just normal trade dealings

@pikachus5m166

2 ай бұрын

@@johnkanji8588 But the difference is the US forced Japan into the Plaza Accord, in effect stifling its own economy for the next three decades. It can't do that with China, hence the hostilities.

@drscopeify

2 ай бұрын

China has done the same thing by blocking USA software and applications as well, so both sides are fighting a trade war. But the USA had the same with Japan in the 1980 and even India now is blocking Chinese imports also Pakistan is blocking and so its pretty normal.

@Andromeda365

2 ай бұрын

​@@drscopeify before china blocking America software and applications. Let's talk about the thousands of chinese companies under US sanctions dating back to the 80s.

@tommas2674

2 ай бұрын

@@drscopeify globalism isn't good for anyone, it is also, to crush citizens around the globe. they have all their despot get together organization for that end.

They should thank china for bring down inflation not bitching about it.

@tommas2674

2 ай бұрын

lol.

I can't believe what I am hearing consistently from the US. Have they finally realized how far ahead China is?

@ibrahimkuyumcu2649

2 ай бұрын

They do. They're just dancing around the subject, in public.

@chillxxx241

2 ай бұрын

China is not far ahead. It’s sad that you don’t understand what’s going on.

@NeostormXLMAX

2 ай бұрын

american exceptionalism ironically is their downfall

@Nate12-

18 күн бұрын

They don’t care. The democrats and republicans are a uniparty bought out by countries and corporations to do their bidding. The USA is a service economy. When economics headwinds appear people cut services and manufacturers keep manufacturing. We are in trouble along with Europe

This people will blame China for everything but never reflected on their own policy and mistakes. How do you as a parent blame other parent that their kids are doing better than your kid?

@platocai8874

2 ай бұрын

The U.S. presidential election is coming, so Detroit’s votes are needed

@melvinbarnett1910

2 ай бұрын

And how do you as that parent tell the other parents to put their child at a disadvantage?

@hink0027

2 ай бұрын

@@melvinbarnett1910 if my kid lose from other kid , i will tell my kid to learn and work more harder

So she is saying that raising tariffs on Chinese goods is a way to fight inflation? Did she go to college?

@sleo3720

2 ай бұрын

She finds it very difficult to speak truthfully

@hizbawiginbarginbarghinda3872

2 ай бұрын

Have some sympathy! She is doing her job. People get paid to say what she is saying.

@Didmasela

2 ай бұрын

@hizbawiginbarginbarghinda3872: very true. She is like one of the members of US congress who voted for more weapons to Israel despite evidence of genocide bu Israe

@Didmasela

2 ай бұрын

@hizbawiginbarginbarghinda3872: very true. She is like one of the members of US congress who voted for more weapons to Israel despite evidence of genocide commtties by Israel.

If China dominates the production and the technologies as a company, it could have lowered the production and raised the price for higher profits. This is what an American company (Apple, Tesla, Microsoft, etc.) would do. But, there are so many companies in China competing against each other. This cause the dropping prices. But, they are still making profits. In fact, it is an exact market driven economy to cause this efficiency boost. Mrs. Tai said it is a non-market approach only because she (and Biden administration) conveniently views China as ONE company. If you ever visit China, you will know how strong domestic competitions in China. It is really a market driven approach. The only issue is that US fails to develop new technologies or products taking advantages of low-cost Chinese products. Instead, we force TSMC to transfer their semiconductor technology back to US. TSMC has made it clear that TSMC in US will make products 50% more expensive than in Taiwan. I guess, US government will have to force US companies to purchase more expensive semiconductor products from TSMC US. This example is just to show how weak US industries have become.

@jayden5798

2 ай бұрын

Actually not, China can easily destroy US industrial, all those companies in EV , solar panel, etc. is deeply backed by government of unlimited financial support, it’s advantage of socialism.

@platocai8874

2 ай бұрын

75% of the cars produced locally in Germany are sold to other countries, 70% to South Korea, 50% to Japan, and only 15% to China

@Kentalot

2 ай бұрын

Also shows how it's actually the USA that is not market based.

@merrick6484

2 ай бұрын

It took less than two years for TSMC to built a mega semi-conductor chip factory in Taiwan, even in Japan. But the factory in US has been building almost 3 years now, without completion date. The trouble with US workforce is enormous. US should give up manufacturing once for all, its hopeless even if you try.

@greaterbayareahero1401

2 ай бұрын

This lady really has no knowledge of China. There are over 100 EV Car companies in China. As you said there is so much competition itself in China. It's not like in the US there is only one company like Tesla doing EV cars. Tesla would be ranked about 65 if compared to the China EV market.

Basically she was saying China is wrong for being efficient?

Fine ban any import with Chinese supply chain, lets see howw high inflation can go. it will be a very ineresting social experiment

@SinoLAX

2 ай бұрын

Pretty sure that’s what Argentina is doing right now.

@lolcatjunior

2 ай бұрын

​@SinoLAX Argentina isn't doing that. Milei walked back his comments on trading with communist countries isn't communist. Chinese are the biggest consumers of Argentinian agriculture. Argentina' economy depends on china.

@merrick6484

2 ай бұрын

Many leaders need to go back to colleges and start "Economic 101", they really got no clue about how economic works.

@thefourthrabbit9516

2 ай бұрын

Forget about inflation, that would probably knock the country back to the 1950s

@TD-uh3wi

2 ай бұрын

@@SinoLAX Oh yeah and look at their economy! They are back tracking going back begging China for the Credit line!

She said absolutely nothing.

@johnsullivan8673

2 ай бұрын

She's gonna talk about US solar without talking about Solyndra? Lol.

@willengel2458

2 ай бұрын

well, she should be the WH spokesperson instead.

@rhena229

2 ай бұрын

And our tax money pays her salary and top line Heath insurance. So who’s the real loser here? We the American taxpayers.

@merrick6484

2 ай бұрын

US citizens has been blinded fold and high-jacked by Duel citizenship Jhews. There is no hope for US.

@joonwonlee1567

2 ай бұрын

Her smiling is creepy

HAHAHAHA predatory. having more affordable options is predatory.

@drscopeify

2 ай бұрын

Good point, however its important to remember that both China and the USA manipulate trade, in China it is the usage of Dollars to maintain a Yuan value that benefits export and for the USA it is using tariffs to maintain local industry that costs more than Chinese exports. That is overall very small issue and both sides can take actions like this and still have a very friendly and large trade and relations, it's important to remember that this is very normal, the USA and Japan had the same issues in the 1980s-90s, and now China and the USA, it's not a surprise and is not a problem for still having very good relations.

@jetli740

2 ай бұрын

@@drscopeify US destroy japan industries when they about to over take US is that a fair practice. if fare practice then Iphone tariff should applied too as it not made in US

@drscopeify

2 ай бұрын

@@jetli740 That is not true at all, Japan is a major industry nation today. However cheap manufacturing left Japan and moved to China like electronics but that has nothing to do with the USA.

@jetli740

2 ай бұрын

@@drscopeify you really need to learn history. give you a clue "plaza accords"

@drscopeify

2 ай бұрын

@@jetli740 Yes it reduced the high value of the Dollar and raised the value of the YEN. China will have to do the same thing eventually as their manipulation of the Dollar-Yuan trade will run out of steam. China has already liquidated 700 billion dollars and only has another 700 billion left so time is running out. That last 700 billion can vanish pretty fast.

The world's largest EV battery maker, Chinese company CATL just promised to reduce battery cost by 50% this year. This is why Chinese EV battery maker is leading the world by relentless innovation and improving efficiency. If you cannot compete with this, that's your problem. Blaming the winner does not help anyone in this case. The world should thank China for making green products affordable to everyone.

Isn't that the American saying ,If You can't stand the heat stay out the kitchen.

@drscopeify

2 ай бұрын

China does the same by blocking USA tech companies like Google and Facebook. Its the same thing. Trade relations are not like that, the USA had the same issue with Japan in the 1980s-90s but that does not stop them having very good relations, trade is always going to have that kind of affairs even between EU countries you have some trade wars and they are all inside the EU so its just normal activity

@tjinc002

2 ай бұрын

@drscopeify Those are social media tech American Threaten to band ticktock also, isn't it? I'm talking about the manufactured tech. Didn't American just ban Huawei not too long ago?

Crooked politicians don't want the cost of living to go down for their people

*Was this a problem when we were exporting almost everything to the rest of the world?* Of course not, we thought that was great & normal! *There's nothing worse than a sore loser!*

Cheaper product means lower inflation, is that not what US want?

A 100% tariff on all Chinese imports would add another 30% inflation to the cost of living. Losing 3 months of purchasing power would destroy the working class. Imagine the general public cutting out all purchases/payments made every October November December; Not only would the general public not make it, many businesses would go bankrupt.

American politicians don't know what is "Shame"!!!

@ibrahimkuyumcu2649

2 ай бұрын

"lie, cheat, steal."

First … decouple and than de-risking now, overcapacity… What next ………😂😂😂

@Dcage13

2 ай бұрын

Invade

The US steel used to make alot of money by importing lower grade steel from China. The lower grade steel was refined to higher grade steel and exported back to China. This was how the US steel used to make money in the good old days. Nowadays, China can make high grade steel and they can sell it at cheaper price. Why all the complain now you asked? That's stupid!

European share of Chinese auto market is 20%. Chinese share of European market is only 8% China only exports 15% of the cars it manufacturers. Germany and Japan exports 75% of all cars they manufacture. Yes there is overcapacity. You can see by who?

iPhone, Tesla, windows, Oracle, office , weapons, military base, debt etc are overcapacity too

@skininthegame3809

2 ай бұрын

Only China has overcapacity.... USA companies are efficient and leaders in their markets.

@johnkanji8588

2 ай бұрын

That is not the same thing, the USA does not over produce these items and crash the global prices. however, even with trade issues between the USA an China it is not a problem, most countries have some trader issues between them and other counties it is just part of how trade and the world works. Does not mean the countries cannot be close friends and allies.

@drscopeify

2 ай бұрын

@@johnkanji8588 Also China is blocking USA tech companies with the Firewall like no Google services in China and even this website KZread is blocking in China to promote local Chinese tech, its the same thing really only fair for the USA to also use that tactic to protect industry .

@Andromeda365

2 ай бұрын

​@johnkanji8588 The US doesn't crash the market they just dominate the market and force countries not to business with china. Let call a spade a spade. The US is not innocent when it comes to trading.

@oka2046

2 ай бұрын

Especially US exceptionalism

Automobile export data: Germany exported 75%, Korea 70%, Japan 50%, China only 15%

If you cut out cheaper stuffs, what is going to happen to inflation?

Let say the US places 100% tariffs on china's steel imports, which are like around only 1% of the US total imports . Also they place 100% tariffs on chinese EVs. Steel and EVs manufactured in the US is dead on arrival in the international market. Telsas that are manufactured in the US cannot compete with teslas that are manufactured in Shanghai in the global market. The US steel industry and Detroit big 3 are basically domestic companies at this point.

@davidwong325

2 ай бұрын

But half a year later, you have to choose Trump or Biden

@benshengju167

2 ай бұрын

Good points!

😂😂😂 everything China do better US complain …. 😂😂😂

@KayyHong

2 ай бұрын

The U.S. needs to talk MORE about America and LESS about China.

But US has overproduction of US debt (& military bases) all over the world. Isnt that more detrimental to future economies of US?

@drscopeify

2 ай бұрын

USA Debt is funding China's economy, every time an American buys a Chinese made good with debt that funds the Chinese economy. The USA is the one that lifted 500 million Chinese out of poverty not the Communist Party. Remember that, it is the USA that made China what it is today not the Communist Party.

@minhoonoon9443

2 ай бұрын

Yupe, IMF MD just said it a couple of minutes after this interview. Slap slap.

@drscopeify

2 ай бұрын

The US dose not produce debt it sells Treasury notes just like China as well and Japan has about 2x more than the USA but that is not an issue. China however is over producing goods and using foreign money to manipulate exchange rates but the USA and Japan had the same issues in the 1980s-90s so even with such issues that does not prevent the 2 countries from working together and being friendly and having very good relations. Trade issues are even normal between countries inside the European Union so again, it's not a big deal.

@minhoonoon9443

2 ай бұрын

Listen to the interview with IMF MD Gopinath.

@drscopeify

2 ай бұрын

@@minhoonoon9443 China also blocks USA such as blocking US applications and software to promote Chinese technology. Both sides are doing it so it's just normal. Japan and the USA had the same thing in the past 1980s

Why didn't you stop your business leaders when they were outsourcing?

@melvinbarnett1910

2 ай бұрын

Faaacts

The US is behaving woke, telling another country to fail so you can succeed is ridiculous. For decades the US told other countries compete or die, seems they ignored their own memo.

The facts: German exports 75% of its cars, S Korea exports 50% of its cars, Japan exports of its 45%. China exports much less percentage wise. Where is the over capacity?

The US messaging is all over the place. You can't talk about "fairness" at one point and then talk about Western lead international order the next.

@drscopeify

2 ай бұрын

So why is China blocking KZread this website and Google services in China? Its the same thing they want to promote Chinese tech instead of American so then USA can ban Chinese steel to promote American steel same thing and only fair if both sides can do it. Keep in mind that India and Pakistan are blocking Chinese imports too so its just normal not a big deal

Next topic coming up : " 1.4 billion Chinese's fart creating air pollution and threatening mankind "

@richardhuang1194

2 ай бұрын

More true than EV overcapacity

"Comparative advantage" is what I learned in school, back in the day when it was to the U.S.'s advantage. Anyone know what HBS is promoting now in its stead?

Without googling i bet she is Taiwanese. She doesn't have us in her mind. She just want to protect her motherland.

@hink0027

2 ай бұрын

you know TAI in my language mean sh!t

The term "overproduction" only seems to apply to industries that China dominates. Odd coincidence.

@drscopeify

2 ай бұрын

Well it's not just over production but the export of it and the manipulation over currency values but the USA and Japan had the same issues in the past so it does not mean the two can't be friend and have strong relations even countries in EU have between them trade wars and issues like dumping grain and blocking imports it's actually pretty normal. Also India has blocked many Chinese imports to maintain local industry. Even China block USA tech software for the same reason to support local tech.

@Andromeda365

2 ай бұрын

​@@drscopeifydoes the US have an over capacity in agricultural export that floods the chinese market? How about operating system for PCs? 10 years ago chinese street was littered with American and western car and their business raked in billions . I didn't hear a peep out of the US and Europe.

@fang166

2 ай бұрын

@@drscopeify I like products that are cheap and easy to use

@donkeychan491

2 ай бұрын

@@drscopeify Is there any type of industrial policy that China could pursue that wouldn't justify being described as "overproduction"? ...say, like the Inflation Reduction Act - would that be ok? :-)

@drscopeify

2 ай бұрын

@@fang166 Sure but China already has been doing that to the USA for like 15 years by blocking American companies from operating technology platforms in China like this website KZread is blocked in China and all google services, in order to promote Chinese companies instead that is the same policy just in the technology space. China used the excuse of Google not complying to some policy just how the USA is also using the excuse of saving US steel industry, same tactic. However even among the closest of friendly nations you have issues like this so it does not prevent having good relations, the USA had this with Japan in the 1980s-90s and all over the world you can find these situation even inside the EU between member nations you can have trade issues and wars between UK and EU as well, it's just the way trade is but courtiers can still be close friends anyway.

Low prices are bad for the consumer like me, how? And, so, but it's OK to cut off semiconductor chips to China in order for the US to 'dominate' that industry? Why is China bad if they dominate an industry, but its ok for the US to dominate?

@platocai8874

2 ай бұрын

good question,dude

@merrick6484

2 ай бұрын

Here are the accusation: - Communism, - Human rights issues, - Intellectual theft, - National Security, - Over capacities, US is running out of excuses for their own laziness.

@billinsf88

2 ай бұрын

Hypocrisy? Double standard?

@KayyHong

2 ай бұрын

That, my friend, is America's "Rules-Based Global Order!"

@thefourthrabbit9516

2 ай бұрын

You still have an easy way out. Don't vote for the current administration in the coming election. China will always be China (1.4 billion people got to eat). The US should also put its act together to take care of its people.

bro forgot her ECON 101 back in college about the comparative advantage and market efficiency

@drscopeify

2 ай бұрын

So why is China blocking KZread and American Tech companies from China, same thing. Its only fair if America can also block China in return in this case it is steel but its not just the USA also India and Pakistan are blocking Chinese imports too and Europe soon as well.

I do not understand the problem to have cheap prices (The only good form of depression that comes in my mind now...) for consumers especially in useful technology like sun panels and electric cars.

@johnkanji8588

2 ай бұрын

Good point.

@drscopeify

2 ай бұрын

Well China is also blocking the USA like AMerican software, applications and even movies are blocked in China to promote local technology and movie making so China is doing the same against the USA so its only fair and even India and Pakistan are both blocking Chinese Imports as well its just how trade relations work.

@jeffjones114

2 ай бұрын

The problem is that American politicians protect business interests. If there are cheaper prices it is good for the consumer, but bad for businesses. They will always protect businesses first.

@trumpbuddha1053

2 ай бұрын

She hates Americans, her great grandfather was from China anyway, so she "help" Brendon to impose sanstions on cheap Chinese products.

@platocai8874

2 ай бұрын

The U.S. presidential election is coming, so Detroit’s votes are needed

I think its funny, they have a 1st gen American with Chinese heritage to call china on their policy.

@samliew6610

2 ай бұрын

Shameful

@NeostormXLMAX

2 ай бұрын

lots of these gordan chang types

For 3 decades, the US economy had made Trillions of dollars in profits buying cheap Chinese products. How are you going to tell Americans that they have to pay a lot more for everything when real salaries had not increased for a decade?

Name calling when you can’t compete.

75% of the cars produced locally in Germany are sold to other countries, 70% to South Korea, 50% to Japan, and only 15% to China. So how did you come to this conclusion?

By raising tariffs, the US will only make its companies less competitive, hastening its economic decline.

When you lose, its unfairly!

One question that you never asked: "How much is the price of American products? Can Americans afford to buy it?

@platocai8874

2 ай бұрын

The U.S. presidential election is coming, so Detroit’s votes are needed

China internally and in fact much of the Global South countries are quite happy to buy cheaper yet fully capable products that are made in China. It is fine that the US doesn't want to buy them but the Global South can easily absorb the demand. Many of these countries don't even have the peer-for-peer like industries therefore no competition and not causing any unemployment concerns, so what is the problem here??

@KayyHong

2 ай бұрын

America is "concerned" about its market share in the Global South.

@seowkhoontan9534

2 ай бұрын

I am from SE Asia. The other day, l bought 10 packs of different types of hardware supplies from a local discount chain store. It costs me less than US5.00 . I was happy. So, less export to the US would be good for us in SE Asia.

Steel making industry in USA under threat?? It has been comatose for years now. 😂😂😂

American agricultural industry must be over capacity too

Yeah let’s keep our inflation high! Thank you!

@drscopeify

2 ай бұрын

Inflation is important, the USA had 15 years of low inflation, too low which lead to inflated house prices due to lower interest rates which were set in order to fight the low inflation issue. So yes higher inflation is a good thing in the USA

@ssuwandi3240

2 ай бұрын

Too bad that was supported by China's job growth😊 Now we're on divorce battles... Democrats got no clues on macro headwinds

@mycastlex

2 ай бұрын

@@drscopeify Come back to this comment when full decoupling happenes, and start work on your commitment by quit buying chinese stuff.

@drscopeify

2 ай бұрын

@@mycastlex Well China is already doing that for 20 years blocking this website KZread in China and all Google services are blocked in China so why is the USA blocking some imports of steel a problem? China has been doing that to American tech companies for 20 years my friend..... Listen, we all need to play fair and there is a reason India and Pakistan are also blocking Chinese imports.

@platocai8874

2 ай бұрын

@@drscopeify the true is U.S. presidential election is coming, so Detroit’s votes are needed

That's why we cannot have cheap stuffs here and why inflation goes higher -- politicians are in bed with business with tariffs so we pay more to the businesses.

Chinese consume over 60% of the world's steel for decade, they are importer.

US shouldn't be a country that needs to blame other countries for its under capacity of production. The fact she is talking like this is a disgrace and sad reflection of what is going on in this country.

In high school, those lazy bullies always complain other kids' good performance. 🤣

Dream of your imperialism and colonialism day dream dreams with low efficiency and productivity, blame your mistakes on others. You are lucky now you can still twist the US dollar as a weapon

So maybe it is time to the US to spend less on Military and wars and more in industrial production

@drscopeify

2 ай бұрын

That's not how it works, the USA advanced economy depends on military spending as well, which is also happening now in China with large spending on military. Both need such spending to maintain advance economy. However the USA and Japan had the same issues in the 1980s and 1990s and they had tariffs and trade wars but that does not stop them from being very friendly countries even with such issues and the same can be between the USA and China there is no reason they can't have strong friendly relations even with trade issues. It's really not a big deal and pretty similar to US and Japan in the 1980s-1990s. Not a big deal.

@platocai8874

2 ай бұрын

​@@drscopeify U.S. spends $800 billion a year on its military compared to China's $200 billion

Ok so how is lower price bad for average consumers like me? Please explain

we should be grateful for the deflationary efforts to bring prices down..

I am wondering if she really understand what she is talking about😂

@308_Negra_Arroyo_Lane

2 ай бұрын

She said absolutely nothing.

Didn't they beat us fair and square?

kishore mahbubani. "Has china won". Definitely YES.😂😂😂😂

This shows how weak is the United States in manufacturing Inexpensive products from China wud bring lots of benefits to people in America (low inflation)

@drscopeify

2 ай бұрын

No this shows how China is manipulated trade, the USA is the consumer and China is the manufacturer and this is a very stable long term relations that has lifted 500 million Chinese out of poverty and made China a developed country but China is taking advantage of this too much so the USA will use policy to block specific things like Steel imports but that's not a surprise, China also uses the Dollars it gets to artificially manipulate the value of the Yuan so both sides are doing that but it can still be a friendly and strong economic relations, just because there are a few issues like this is not such a big deal.

@drscopeify

2 ай бұрын

So why did China block this website KZread and Google services and many American tech companies? To promote Chinese local tech so now I am going to say, Chinese Tech is weak, like you comment. It is only fair if USA can do that in return for steel imports. Ask yourself why is India and Pakistan blocking Chinese imports as well?

@tommas2674

2 ай бұрын

everyone should make for their own.

@user-et1vi6jo3w

2 ай бұрын

@@drscopeify Tesla can be bought in China while BYD cannot be bought in the US. LOL

She is making zero sense.

Making price cheaper = unfair trade practice. Business 1 Consumer 0

Walmart needs your overcapacity to keep infaltion down.

Many countries and companies got into making sokar panels when it started. They all gave up, as they couldn't get the price per watt low enough. China stuck with it, even paying companies wages and all, to stick with it. China finally got the price lowered, and the rest is history.

This woman has a special talent. You listened to her for 15 minutes and realized that she did not say anything meaningful. What a shame.

Who does not like good and cheap products

Very sharp and well spoken Katherine Tai. Unfortunately she is shackled by legacy mindsets surrounding her. History has shown Tariffs don't work. Inflation keeps rolling along and how in the world are lower priced high quality products not a good thing for consumers?? Well I surmise when Big Corps get their way as Wall Street drives public policy. Small and Medium sized businesses getting hammered with inflation with no recourse.

It'll backfire

@drscopeify

2 ай бұрын

Well the USA had the same issues with Japan in the 1980s-90s so not a big deal. You can still have very friendly relations while having trade isssues.

@user-et1vi6jo3w

2 ай бұрын

​@@drscopeify Which aspects are the same?

She meant China Over Capability😂😂😂😂😂

I don't see any problem on "over produced". Nothing in this world is "over" produced. If it's too much it would be cheap and benifits the global consumers. Just other competitiors would feel unhappy. That's all. Trash product will be disused by the market. US government also invests and subsidies thier agricultrual industries and other industries. As a customer, I really hope every commodity is "over" produced so that it will be cheap for me.😄

when US can not competition, US made a new rule, funny rule... Where is free trade????

Why did it take so long to recognize the destruction of US manufacturing by these trade practices. As if we are just now figuring it out. Part of the problem has been business channels like this one. It was very one sided when companies were gouging on the Chinese economy. Now the perspective has changed. A little late to start complaining … after the US middle class has been hollowed out.

@tommas2674

2 ай бұрын

the destruction was by Regulations.

Who's standard market practices (ie prices) is she referring to? US 's?

Where do parts for Boeing aircraft come from? The Boeing Machine Fabrication Manufacturing Business Unit (MBU) in Auburn, Washington

nobody in biden's administration has ever read an econ book

@drscopeify

2 ай бұрын

That's why the USA has a Treasury Department and Central Bank that does all that work not the administration.

@tommas2674

2 ай бұрын

I study economics and it is mostly corp. nazi economics and we know what they did for their failures.

@user-et1vi6jo3w

2 ай бұрын

@@drscopeify I don’t think you’ve ever read a book on economics either.

@platocai8874

2 ай бұрын

when sleep joe wake up, the whole world will be shaked

@drscopeify

2 ай бұрын

@@user-et1vi6jo3w I know far more than you do. The world order is not changing becasue if China were to stop exporting to the west, the hundreds of millions of Chinese lifted out of poverty would go back in to poverty and that would make them very angary people which would lead to civil war inside of China so the Communist Party cannot allow that to happen and as such will never attack Taiwan as long as trade with the west continues, on top of this, Russia and BRICS nations depend on selling resources to China in order to manufacture with it goods for the west, if China were to invade Taiwan, then the trade with the west would collapse and lead to a dramatic collapse of Chinese demand for BRICS and Russian resources leading to their collapse as well. The risk of a Taiwan invasion to BRICS, Russia and China is far too great which is why it will never happen. Only if Nationalist Chinese take over the Chinese Government by force, then everything can change, but as long as the Communist party of China remains in power there is no risk of Taiwan invasion.

The threat of 100+% tariffs will keep Chinese EV makers out of the US. Who will invest in a dealership if suddenly there'll be 100% tariffs? But in the end legacy US automakers will lose the rest of the world. German, US, Japanese car maker's biggest market is in China. Those will go bankrupt in a few years. US automakers (especially the big 3) will slowly fade away. Without the global market they will fall farther and farther behind. The theat of tariffs will turn into real tariffs and will give the auto-industry only a couple more years.

Only Bloomburg, such rogue station frame such subject, China export to America is only 7%, put 10,000% tariff please

The U.S.A did the same with agricultural goods destroying farmers in many developed countries. Example Jamaica!

We as consumers love to buy things that good quality and reasonable price

As a consumer, thanks to Chinese products, lower price, excellent quality!

the United States should address it's over capacity in aircraft carriers

China has been exporting anti inflation for almost 3 decades until the US interrupts now. Better quality at lower price of Made in China is still the best weapon against inflation outside the US. The US is now paying $1T a year on interest expenses on its $35T national debts for its own doing. China can now just sit back and divest more US national debts. And watches the crumbling down of the US.

How about US learn to make product more efficiency?

@drscopeify

2 ай бұрын

Well China is blocking USA software and applications with the Chinese Firewall so both sides are doing the same thing its just part of trade, India and Pakistan are also blocking Chinese imports as well its just normal part of trade relations

@tommas2674

2 ай бұрын

@@drscopeify do you know how many people live in our home USA, and what do those people need every day.

@tommas2674

2 ай бұрын

We did. for pay offs of money and perversions and bogus royalty the Regulated our industries n MFG OUT AND the left wants more regs to "finish the job" of finishing us off. there so wanting even monopolies traitor joe flew to Germany for baby formula, a Real politician for America / Americans would have opened up school cafeterias and got every type of baby formula made by HMM our American home less and growing.

@user-et1vi6jo3w

2 ай бұрын

@@drscopeify How about US learn to make product more efficiency?

Jai Hind. We Indians must also have overcapacity to export to US and 5Eyes

@NeostormXLMAX

2 ай бұрын

first based indian

US should just produce agricultural products and export energy. Let PRC do the manufacturing. Its more efficient thus..

I'm confused. Is Catherine on our side ?

"predatory pricing" = lowering prices LOL

Everything cost more, that's why you can't have good things.

Japan Steel, which is going to merge US Steel provides high end steel products, so that competition will be circumvented, I hope. As Toyota produce hyrid cars in US, Japanese companies will likely act as saviors?

@tommas2674

2 ай бұрын

saviors. US STEEL was building an additional facility in the Pittsburgh PA area till traitor joe installed = Stopped.

What about US Military Shock and its "nonmarket strongarm longarm practices" ?

Overcapacity - The newest terminology US would love to preach to like-minded economies. Hold on a sec, what the heck is like-minded economies😢

She is very smart in every word she speak.She will not be hurt but those small businesses and the simple ordinary people will suffer most.Price goes up, mortgage rise HOMELESSNESS everywhere, health goes up, education is morally degraded with border issues and the 34 trillion in debt.😢😢😢😢😢

Tariff’s mean higher prices for US citizens

decoupling, derisking, overcapacity... More new terms are coming.

US : We have used de coupling and de risking but nothing works to stop China from rising. What other ways can we do? Lets use overcapacity this time. Sure this is going stop them!