china threatens trump over import tariff

[cheka.]

this is my key issue...since trump wont take on frbny or the middle east terrists. my great white hope is that he is true to his word on import tariff

china calling him out. how big a boy are ya?

https://www.theguardian.com/world/2016/nov/14/china-threatens-to-cut-sales-of-iphones-and-us-cars-if-naive-trump-pursues-trade-war

China threatens to cut sales of iPhones and US cars if 'naive' Trump pursues trade war

President-elect ‘will be condemned for his recklessness, ignorance and incompetence’ if he imposes tariffs, says Communist party-controlled paper

[cheka.]

'south korean' globalist corps worried too

http://www.androidheadlines.com/2016/11/lg-samsung-worried-about-trump-tariffs.html

As Business Korea reports, South Korean tech companies such as LG and Samsung have recently been moving a lot of their production facilities to China and Vietnam to reduce labor costs and obviously aren’t too thrilled about the likely possibility of paying increased tolls on the products they import to the United States.

As the North American sales amount to almost one-third of total sales of both LG and Samsung, high tariffs would almost certainly significantly lower their revenue and profits. Given how most of the final assembly sites of the South Korean tech giants are located in China, Trump’s promise of 45% tariffs on Chinese goods certainly isn’t good news for these companies. In addition to that, the new administration will likely scrap the Trans-Pacific Partnership (TPP), a major trade deal negotiated by the US under President Obama and 11 other Pacific countries. The ultimate goal of the TPP was to slash tariffs and foster trans-Pacific trade to create a unified market similar to that of the European Union. While the Korean tech giants would obviously profit from such a partnership, the fact that it’s yet to be ratified means that Trump’s administration can and likely will scrap it in a relatively simple manner.

On the other hand, the South Korean IT industry could also see some benefit from Trump’s economic policy which also wants to prevent Chinese companies from taking over US firms. This is significant because acquiring American chip makers has so far been China’s primary method of competing with Korean semiconductor manufacturers.

[cheka.]

3 ways to get it done

http://money.cnn.com/2016/11/14/news/economy/trump-tariffs-china-mexico-trade-war/index.html

President-elect Donald Trump has threatened to slap big tariffs on China and Mexico to help bring jobs back to America.

At first glance, it may seem hard to do without backing from Congress. But actually, Trump doesn't even need Congress to approve it.

True, the Constitution gives Congress the right to impose tariffs on other nations. However, several complicated laws have been passed in the last 100 years that delegate that power from Congress to the president.

Trump has several options -- each open to interpretation -- but here are three key ways he can go after China and Mexico.

1. Trump's biggest weapon: Unlimited tariffs 'during time of war'

Trump could invoke the "Trading with the Enemy Act of 1917" to hit Mexico and China with tariffs as high as he wants. Under the law, the president can restrict all types of trade "during time of war." That definition is very loose though.

America doesn't have to be at war with China or Mexico -- it just has to be "at war" somewhere in the world in order to apply tariffs against China or Mexico.

Experts believe U.S. special forces in Syria and Libya would suffice to meet that requirement for Trump to hit China and Mexico with tariffs.

In 1971, President Richard Nixon used this act to impose a 10% import tariff (not directed at any particular nation) citing the Korean War, which had ended nearly two decades prior. Technically, America was still in a state of emergency which had not lifted.

All to say: the excuse of war has very loose meaning for the President to raise tariffs of any kind.

2. Trump's next best weapon: unlimited tariffs during 'national emergency'

Think that law is too outdated for Trump to use? There's another -- the International Emergency Economic Powers Act of 1977.

It gives the president authority to use tariffs on another country during a "national emergency." Again, defining an emergency is vague. Losing manufacturing jobs to Mexico and China would suffice as one and courts have never rejected a president's reasoning.

"You say 'it's an emergency, we've lost a lot of jobs and now I've got to act. I declare an emergency.' I think it's really that simple," says Doug Irwin, a trade expert at Dartmouth. "If he wants to threaten China or Mexico, he has a lot of leverage."

The big difference between this Act and the one from 1917 is that Trump can't seize assets using this one, but that's not his aim anyway.

This law has been invoked against Nicaragua, Panama, Sierra Leone and Somalia, according to the Peterson Institute of International Economics. It was used "in circumstances that few observers would characterize as an 'unusual or extraordinary threat," says Gary Hufbauer, an economist at PIIE.

3. Trump's limited options: hit specific industries or low tariffs on everyone

Trump can also impose tariffs on everything under another law -- the Trade Act of 1974, Section 122. It gives him authority to impose across-the-board tariffs.

Trump just needs to find "an adverse impact on national security from imports." Lost jobs could be an adverse impact.

The caveat: The tariff can only be up to 15% on all goods and it's only good for 150 days. Then Congress needs to approve it. So, it's a blunt rule that could have a severe short term impact but it expires after five months, unless it is extended by Congress.

Trump can also use the Trade Expansion Act of 1962. Ronald Reagan used this one. It allows Trump to slap targeted tariffs on certain industries, like steel. It's not as broad, but Trump can raise tariffs as high as he wants on specific things.

If tariffs are imposed, what comes next:

Trump would undoubtedly face resistance within his administration, from members of Congress, U.S. companies and countries. But time is on his side. Court appeals would take months, even years, to work their way through.

In short order, if he wants, Trump can raise tariffs of 35% on Mexico and 45% on China. It's easier for him to go after China first because he would need to tear up NAFTA before he could slap stiff tariffs on Mexico.

However, if Trump hits these countries with tariffs, it shouldn't be a surprise if they retaliate with trade barriers of their own against America.

"If he imposes high tariffs, even as a threat or tactical maneuver, foreign countries will soon retaliate," says Hufbauer, the trade expert.

That defines a trade war, which can hurt both countries and its citizens in unforeseen ways.

[cheka.]

mega unions that endorsed the globalists and their job killing...urging their membership to vote globalist.....now changing their tune. i bet because their membership is waking up to the mega unions' support for exporting their jobs. need to break up the big unions -- there has been a massive consolidation that handed over all union power to nyc.dc.

http://www.freep.com/story/money/cars/auto-leadership/2016/11/10/uaw-seeks-join-trump-effort-dismantle-nafta/93604280/

UAW seeks to join Trump in effort to dismantle NAFTA

For years, the UAW has railed against NAFTA and other free trade agreements while Republicans have generally supported free trade deals. This year, Trump turned Republican politics upside down

UAW President Dennis Williams said Thursday the union hoped to work with the incoming President-elect Donald Trump to change, fix or dismantle the North American Free Trade Agreement.

"I am prepared to sit down and talk to him about trade. NAFTA is a problem. It is a huge problem to the American people," Williams said today in Detroit.

[crimethink]

Oh noes, the hipster trash wouldn't be able to buy their Chinese slave labor-made iPhones!!

But, this won't come to fruition, either. He will backtrack on most if not all of the promises he made to get elected. "Business leaders" will tell him "it wouldn't be wise" to follow through. Watch.

[Cebu_4_2]

This will bring new opportunities for US manufacturing. Prices on imports will be higher making it easier to compete. Downside is all this import crap will cost more.

[Hitch]

Oh noes, the hipster trash wouldn't be able to buy their Chinese slave labor-made iPhones!!

Our society is so addicted to Iphones and gadgets, no iphones would probably cause more civil unrest than if the EBT cards stopped working.

[Horn]

This will bring new opportunities for US manufacturing. Prices on imports will be higher making it easier to compete. Downside is all this import crap will cost more.

I were pretty sure it was intended to be a penalty policy if importers did not play ball.

Though i do not think you could do enforce it very well, China would just find a proxy to supply through, it would have to be a global U.S. policy if a tariff imo.

[singular_me]

this OP points to the real problem un-fixable by man: the subjectivity of value. Regardless of the currency use' fiat or hard, who or what does determine value? Fiat distorts value even more.

When free markets speak of the flexibility of value regulated by demand and supply, a fancy terminology, they really do mean and refer to subjectivity.

The subjectivity of value is the main challenge people must come to term with, and for a money-free society to win over. ;D

[Cebu_4_2]

Lose the iphones and gadgets, I dont use them cause they radiate your brain. WIFi does the same. the less we have the less we have of the hilary likes and the empowerment of Fred.

[Horn]

this OP points to the real problem un-fixable by man: the subjectivity of value. Regardless of the currency use' fiat or hard, who or what does determine value? Fiat distorts value even more.

When free markets speak of the flexibility of value regulated by demand and supply, a fancy terminology, they really do mean and refer to subjectivity.

The subjectivity of value is the main challenge people must come to term with, and for a money-free society to win over. ;D

Trump could be a long detour in a money free society.

What needs happen imo first is real world market for building block raw materials. The price of which has been manipulated down for centuries by first world nations.

Nobody in the first world (the environmentals even) never mention it.

Well the ones setting those prices and directing the enviromentalz are "first underworlders"

Stuff would not be mass produced half way around the world if raw materials were piced properly. Oil is what made the U.S. what it is into empire, and Oil monopoly needs to be broken for a real world to be made.

[cheka.]

the one-offs will rise in price - i-shit, hammers, garden hoses, tv's, etc

the daily purchases will not - fuel, food, health care, housing, etc

nyc has been crying out in pain about tariff since trump flopped it on the table - their scary claim -- more expensive i-shit. bfd. how much i-shit does one buy per yr?

[Horn]

TPTB banks play the human race the entire way, that's all I know.

Take this Climate Change funding,, all that was played out to the world with dollar contract and support, now it appears all bets will be called in.

We all know who is living off of that blood.

I'm not saying it shouldn't be, just sayin the world got played hard on that one, there's gonna be some flak comin back from it. Adding a tariff on top off that and all of China probably will drop from the skies..

http://vignette3.wikia.nocookie.net/fallout/images/c/cb/FO4IntroScene3.png/revision/latest?cb=20151107124504

[singular_me]

free energy already exists... but is the antithesis to a money-free society.


"

Stuff would not be mass produced half way around the world if raw materials were piced properly. Oil is what made the U.S. what it is into empire, and Oil monopoly needs to be broken for a real world to be made.