US rise in tariffs may move supply chains away from China

[Locutus]

Good plan - the rise of Ghina fueled by globalist capitalists has made Ghina a powerful military adversary to the West, something that could have been forseen and avoided.

From the BBC on the G20 summit:

"If the meeting fails to deliver a truce, then the US will almost certainly hike tariff rates [on $200bn of existing Chinese goods] in January, and a further expansion in tariffs is quite likely," says Mr Evans-Pritchard.

A rise in those tariffs would see many multinational firms accelerate their plans to move supply chains away from China, while tariffs on additional Chinese imports would pose "a significant political and economic risk for Trump", says Michael Hirson, Asia director at Eurasia Group.

"Remaining US imports from China are more heavily tilted towards consumer items. American households, especially those from lower income brackets, will feel the impact more than they have over tariffs on previous rounds," he adds.

No pain, no gain. Get some back bone.

Full text:

https://www.bbc.com/news/business-46312845

 

[Locutus]

More from the G20:

For decades, US policy on China has been premised on drawing the rising giant into a rules-based international system, on the basis that greater economic opening would inevitably lead to political liberalization.

But that goal, pursued by Democratic and Republican administrations, proved futile. Instead, and especially under the strongman leadership of Xi, China has stuck to market economics but clamped down on political freedoms.

Beijing is now seeking to impose its weight on its own region and beyond, making sweeping territorial claims in the South China Sea, sparking concerns of accidental clashes between the US and Chinese navies.

Full article on C aN eNemy:

https://www.cnn.com/2018/11/30/politics/us-china-donald-trump-xi-jinping-trade/index.html