China will take a tit-for-tat approach then. A batch of Boeing orders will be replaced by Airbus. US auto and iPhone sales in China will suffer a setback, and US soybean and maize imports will be halted. China can also limit the number of Chinese students studying in the US.
Trump as a shrewd businessman will not be so naive. None of the previous presidents were bold enough to launch an all-out trade war against China. They all opted for a cautious line since it’s most consistent with the overall interests of the US, and it’s most acceptable to US society.
That’s China’s state-run newspaper, threatening to hit – among others – Apple where it hurts.
I don’t think American companies are going to, uh, just allow Trump and his administration to carry out this promise he made to voters – one of his core promises, I might add.
Nothing a little bribery wouldn’t sort…. Whoops. Sorry, I believe ‘lobbying’ is the politically correct term.
Impose a few billion for every ton of CO2 that China produces over the US – they need to convert to nuclear, and all drive Teslas. And it would do more than the nonsense treaties that thousands of people fly in private jets somewhere like Davos to discuss.
What we build here in the US doesn’t have to be transported and will be built under our stricter environmental standards.
It make China respect intellectual property. Now they even copy products from Kickstarter it Indygogo.
Per capita China still puts less CO2 into the air than the USA (7.6 vs. 16.5, EU: 6.7 t/a). So it is you who should pay – if there was anyone in the world who could impose such fines, but there is no one. Converting to nuclear isn’t feasible, only 2% of the world energy consumption is nuclear right now and neither the construction capacity or the fuel to change that exists. Davos has nothing to do with climate treaties.
This is the sort of clumsy loud speaker diplomacy that the Chinese have been using for decades. It is really nothing more than blustering intended for domestic consumption.
It is a double-sided blade, isn’t it? That might hints Apple that by building a fully-automated factory in, say, US, they could secure themselves from vulnerability to political climate.
That’s a good long term strategy for Apple. Trump and his version of nationalism might help to enable this reality. And of course China won’t like that.
Apple might assemble some of their products in the USA if they have to in order to avoid high tariffs but the production of the parts won’t magically shift back to the US from Asia after decades just because of an imbecile in the white house.
“imbecile” …… Really ?
Or, should we have just voted for the “war criminal” ?
Not just an imbecile, also a fascist scumbag and sorry excuse for a human being.
Oh, don’t worry, the victor will commit atrocities soon enough. Probably first week in power.
Let’s hope so. That could literally create 10’s of jobs.
Look at Foxcon’s recent layoffs because of automation. Look how huge Tesla’s Gigafactory is and how little people it would employ.
Not saying we shouldn’t bring manufacturing here, but to think we don’t need a long term solution to the fact that almost all jobs are being automated away is naive
That’s exactly what a lot of people don’t seem to understand. Yes, we’ve lost millions of manufacturing jobs but not just to child labor elsewhere but to advancement in technology & automation. There is no bringing those jobs back, period. What jobs could be brought back here would still have to be competitive and we’ll lose every time thanks to globalization and the world economy.
If people want jobs for Americans, we better start pouring money into education in STEM areas and rebuilding everything. It’s either that or Americans get used to the changing/changed world they live in. The days of the American Dream, being able to own a home and support a family with a regular 9-5 are long gone. 2016 is a far cry from the 1950’s.
ilovebeer,
It is a far cry from that period. We’re making about the same level of family income adjusted for (official) inflation, but back then family income was earned by a single worker whereas today’s families need to have two in the workforce to earn the same amount. Productivity increased, GDP increased, we’re more efficient than ever, large corporations are flourishing, yet the middle class lost salary, lost their retirement pension plans, are increasingly straddled with debt from medical/housing/education expenses. All the benefits go to corporations and the wealthy, many paying even less tax their own employees.
And yet, being the idiots that we are, we just voted in a candidate who promises to lower taxes on the ultra wealthy even further while decreasing middle class benefits. There’s always been an element of “class warfare”, but this is going to take economic inequality to unprecedented levels in the US.
Some of us want to believe, “oh he’ll do the right thing when the time comes”, but why would he start now? He’s always been about himself: exploit people that support him, while shaming those who don’t. I don’t think he’s going to change. Trump’s enemies will be his greatest assets, he’ll use them as scapegoats for why things aren’t working and justification for even more drastic measures. He’s already overtly hostile to the media. He’s filling his administration with people having shady backgrounds, I just don’t trust his intentions are good and I don’t think he gives a crap about anybody in the middle class.
I mostly agree with you save one point: you act like Chump’s the only one who is out for himself. I got news for you: they’re all out for themselves. Without that, they do not get that far up the political pecking order. Plain and simple.
And I might add that we did not vote in anyone. They did, the politicians themselves. How many times do you need it explained that our vote for the president means absolutely zero?
Apple just going to sell all iPhone to China via Hong Kong and let the smugglers do the importation.
It has been much more profitable for Apple to sell an iPhone in Hong Kong than in China anyway, due to stricter after sales service requirement in China and tax.
oh boy …
What currency do the Chinese use to buy stuff…..?
lol.
Don’t worry. Most if not all of what Trump rambled about during his campaign he has either reversed his position on or can’t do without the support of congress. Yes, republicans hold the majority (for now), but yes a whole ton of them still don’t like Trump and aren’t going to let him destroy things for themselves and their rich friends. And that’s assuming they don’t impeach him so they can get their real republican pal Pence into the #1 slot.
There are a lot of climate change deniers in the Republican party, that’s what’s most worrying to me. I don’t mean to sound hyperbolic, but Trump could cause permanent damage to the Earth if he does what he promised. I find that a lot scarier than any economic damage.
I do have some serious concerns as well and didn’t mean to give the impression that we shouldn’t. My top 3 are easily climate change, science, and the supreme court. Trump can impact those areas directly and that could have dire consequences.
It’s also very worrying that my 100% factual comment has been voted down, as if it’s untrue.
People commenting on the status of their own comments reminds me of waiters asking for tips in that it’s a sure way to annoy everyone and derail the discussion. With that in mind…
This comment reminds me of religious people complaining about the content of a game, film, or novel. Everyone knows that all they’re doing is putting more attention on it, and that if they really wanted it to go away the best thing for them to do is ignore it. In those cases, and with you, the primary motivation is in attempting to make themselves appear to be better than others.
Besides.
Where does it say only the Chinese have the authority to make stuff?
Well, given the way American society generally looks down on and despises those “menial jobs”… Seriously, the attitude here towards people who actually physically make products or structures is downright nasty. I think we should manufacture products again, and I think we should treat those who do this with the respect they deserve. Good luck convincing most Americans of that though, particularly the ruling elite and the company executives that actually have to pay those people what they’re really worth.
I do think the US looks down on menial jobs, but not all manufacturing is menial. Welders, electricians, trade skills still get respect.
They should get respect. Often times though, skilled or otherwise, our society looks down on them anyway save perhaps the electrician.
Why? Its not like there are many high paying jobs in manufacturing. There are high skilled manufacturing jobs that require math and constructive problem solving, but not that many.
Edited 2016-11-16 05:28 UTC
China is positioning for negotiations…that’s how it works.