Chinas trade surplus with the USA sets new record in September.

Everyone looks at the trade deficit with China. But what they overlook is that US companies do have access to their market. US companies sell about 250 billion dollars a year into china from US companies based in China.

 

We had import tariffs on goods imported from China LONG BEFORE Dirty Donald chose to get into politics check the U.S.InternationalTrade Commission(USITC).Some examples Sneakers 48%,Leather Shoes 37.5%,Wool Clothes 25%,Polo Shirts 25%,Shelled Peanuts 131.8%,Unshelled Peanuts 163.8%,Tobacco 350%,Canned Tuna 35%,Brooms 32% and the list goes on and on.

 

Immaterial. Imports increased because personal and business incomes increased. When the economy is better, we buy more regardless of the origin of what we buy.

 

What, are you including the mandatory joint ventures with Chinese firms?. And once they have the technology it is given to other wholly owned Chinese companies. And even if you include that the only thing we pretty much sell them is food and raw materials to make finished goods. Not a lot of valued added items.

 

And why does it matter? Our economy is at full employment so they aren't taking jobs from us so why does it matter if they have a surplus?

 

And that's exactly THAT IS what I said straight away many weeks ago, because the White House jerk here rates 140,000 steel workers higher than many millions of metalworking workers, including Ford among many other.

The reason is quite simple: The price of steel in the USA is 350 USD / metric ton higher than in Europe because it is heavily used in the USA because of the punitive tariffs!
The US steel industry is not able to meet its own national needs and therefore they have raised prices ... Simple market economy 1st semester: High demand but low supply makes prices rise!

And since imported steel is just as expensive, Ford and all the others such as John Deer, Boring, the shipyards, the construction industry has a significant problem. If Ford in the US has to pay 350 USD more than, for example, Mercedes in Germany, then that can quickly cost many American jobs!
And besides that, it also makes the corresponding products more expensive for US citizens in the US!

So please say "Thank you Mr. President"!

 

I suspect that it's the same in most developed countries. There are some groups which have a political influence well beyond what their employment numbers and GDP contribution would predict, typically heavy industry, agriculture and other "old economy" employers, and other industries seem to punch well below their weight.

Agriculture, Fishing and Car Manufacturers have managed to obtain multi-billion pound subsidies as a result of Brexit. The service sector which is more than ten times the size has got diddly-squat so far and looks to be being excluded from the future proposed "free trade" deal with the EU.

It's the same in the US, there's a public emotional connection to steelworkers and coal miners which doesn't seem to exist for web designers, actuaries or retail workers despite there being far more of them and despite their larger contribution to GDP.

 

Well ... with us closes on 31.12.2018 the last hard coal mine, since imported hard coal is cheaper than ours. has also been a centuries-old long tradition in the Ruhr area, which now no longer exists.
Is just the way ...

Only here, we have just the case that Trump has shot a huge own goal or the US economy with the punitive tariffs on steel and aluminum f.

 

It seems to be working in reverse. Chinese counter tariffs are reducing US exports to China, which is making the deficits worse, while we are still importing from them, and being taxed while doing it.

 

ppl love their cheap goods, especially during holiday season. beside Yuan are lower against dollar, which make up the tariff.

 

Where did you get this? $350 higher! you understand that cold rolled steel use in auto is is $500 per ton in the US and just steel scrap is $320. Now if your saying that the 10% tarif on steel imported from Germany means that steel is $3500 per metric ton in Germany.

How can you even post this $350 amount without just checking steel prices on the net. Metal commodities are sold on the Londonn Market Exchange. Then all you do is google CRS sheet prices in both Germany and US and you can see that you are full of it.

 

does Trump have to pay a tariff when his product reach the USA now?

let's use Trump's own businesses as an example of how this is really effecting jobs, is it bringing the Trump jobs back to America or is Trump still outsourcing jobs

Trump needs to lead by example... America first right?

or with Trump is it still Trump first?

 

Everything.
It's one of my fears that if we push them to hard they will nationalize these companies.

American & International Corporations In China-

NOTATION- even though this is a very long list of American and other foreign corporations in China,
it is certainly not a complete listing. We have only included a few of the names you may recognize.

This is a list of companies who either own factories, or have contract factories producing their products
in China. Some of the companies produce 100% of their products there, and others only produce parts,
or certain ingredients for their products. The list below is approximately 1% of the actual Corporate list.

Companies such as Avon, GE, and AT&T for example, have been in China and manufacturing products
for 20 to 30 years. Most American consumers simply had no idea. Previously their source was Japan.

http://www.jiesworld.com/international_corporations_in_china.htm

 

Use Google ...

https://www.stahlpreise.eu/

https://www.scrapmonster.com/steel-prices/united-states

 

http://steelbenchmarker.com/files/history.pdf

 

No, that is the cost of US manufactured steel. Not the price of steel in the US. Trumps 10% Tariffs on German steel would be would the effect of 10% of $622 or an additional $62 not $350. And why even use a Cost of Hot rolled Bar steel when it is not even used in autos. That is why I used CRS which is used in autos.
I did not even know that US manufactures even made much Hot rolled stock, as the uses are restricted due to strength issues. Whis is probably the reason for the cost differential

 

If your going to try and discuss this topic you should probably study a bit first.
The US tariff on steel is 25% not 10%.

 

The above graph indicates the huge $300 plus spike up in U.S.Steel prices since the tariffs took effect.

 

So no one is asking you to buy us Steel at 875 vs German Steel at 622 + 10%

 

No the tariff on German/Eurpean Steel is 10% the tariff on steel from china is 25%

edit, corrected to be 25%. However the tariffs are not in effect.

 

Really?
Last I heard Trump changed his mind when he found out we have tariffs on imported trucks.
Maybe your confused with the trade deal the EU did with Japan.

 

No ... the price of in the US maufactured stell is with thank to the punitative tariffs on imports the same as imported steel! Or what was Trump's intention with the punitive tariffs, eh?

 

I don't understand why people don't get what Trump is getting at. For years EU had much larger tariffs on us cars than US had on Euro models, likewise foodstuffs. We have over the last 15 years attempted to rectify this situation. EU has dragged their feet, the only recourse is then tariffs. Trump does not want tariffs to be permanent and neither does Bernie. But they are put into place to force real negotiations and get concessions. Americans are being hurt now for a better good later. EU leaders are not going to readily give up protections for their workers to benefit Americans until they are forced to.

No one wants to pay a price for anything anymore, this generation of Americans would not have fought the Nazis and Japan and rebuilt Europe.

 

I don't understand why people like you are so easy to be fooled by Trump!

True is that in the EU is a 10% tariff on import of foreign cars manufactured outside the EU ... when it is in the US only 2.5%!

B U T ...

1.
Conversely, the US levies far higher tariffs on other EU products than EU does on US products! If we stay with cars as an example, the US levies 28% on European pickups, the EU only 14% on US pickups!

2.
The 10% are due on all cars built outside the EU and not just on US cars ... so for example on Japanese cars when they come from Japan!
And the production location is the important benchmark here! For example, you may know that each of the BMW X Series SUVs is made exclusively at the American BMW plant in Spartenburgh and nowhere else in the world? Every BMW SUV that sells for sale in Europe has the same 10% tariff as any Dodge, Chrysler, Jeep, Chevy etc.!

And more than that ... China has imposed tariffs on cars made in the USA in the US-Chinese-Chinese trade ... and thus on all BMW SUVs!

BMW is just one example, others have factories in the US as well. But do you know who 2017 is the biggest exporter of cars "Made in the USA by US workers"? Not General Motors, not Ford, not Chrysler ... not even Toyota ... it's BMW!

3.
The 10% tariff are also no competitive disadvantage or the reason why not so many US cars are sold in the EU as the other way round! The reason has 2 main causes:

a) The fuel consumption of US cars is often much higher than the European models and since we have a fuel price 2 to 3 times higher in the EU than you in the US, this is an important reason that speaks against US cars the enduser!
b) The network of dealers for US cars is very thin and therefore also what service, etc. is concerned!

The latter has partially improved because Chrysler and the Italian manufacturer FIAT have merged. Deitdem there is in the dense FIAT dealer and service network also everything from Chrysler and since then drive more jeeps and Dodge etc. in the EU. So indebtedness of the US companies?
It has always been better at Ford, because Ford has had its own factories in Europe for almost 100 years, making US models like the Mustang easy to get and aösp very popular is!