Read more at https://www.channelnewsasia.com/news/asia/china-us-agree-to-abandon-trade-war-china-s-vice-premier-10251524
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Ricky Lim ·
Thank goodness that the trade war between US and China is averted.
This will prevent a prosperity, business and job destructive act - and thankfully avoid collateral damages from the 2 giant trade war.
This will prevent a prosperity, business and job destructive act - and thankfully avoid collateral damages from the 2 giant trade war.
Like · Reply · 1m
Ricky Lim ·
More trade between China and US - also means that both Economies are more tightly integrated with one another and mutual dependant become stronger.
This means that both China and US will want to work more closely together - rather than more friction.
This will contribute to more Peace in the World.
This means that both China and US will want to work more closely together - rather than more friction.
This will contribute to more Peace in the World.
Tommie Vale
Now you can see how brilliant Trump is as a negotiator. The Chinese have surrendered before the trade war begins.
Ricky Lim ·
Actually on the surface, you may think that Trump is brilliant as a negotiator.
But overall to US business, consumers - they are in fact suffering.
US business cost has went up due to higher material costs and higher price of locally made products due to higher cost base.
US consumers are paying a high prices for their products and services.
US business are losing competitive edge in the World market.
US are also losing out on many multi-lateral trade deal.
So on the surface, reducing trade deficit seems to be a winner for Trump --- but the overall trade landscape will in long run prove a negative gain for US.
Because Trump is only forcing China to buy more agricultural and energy goods from US - which China actually need anyway due to growing domestic demand.
But US business need to buy steel, aluminium and other material at high price from its own domestic plants - where other market offer a lower price.
When this happen US final products will have to price higher to cover cost - and is no longer competitive in the World market - which will cause reduction in overseas demand for US goods whereas US consumers will have to buy US products at higher price.
But overall to US business, consumers - they are in fact suffering.
US business cost has went up due to higher material costs and higher price of locally made products due to higher cost base.
US consumers are paying a high prices for their products and services.
US business are losing competitive edge in the World market.
US are also losing out on many multi-lateral trade deal.
So on the surface, reducing trade deficit seems to be a winner for Trump --- but the overall trade landscape will in long run prove a negative gain for US.
Because Trump is only forcing China to buy more agricultural and energy goods from US - which China actually need anyway due to growing domestic demand.
But US business need to buy steel, aluminium and other material at high price from its own domestic plants - where other market offer a lower price.
When this happen US final products will have to price higher to cover cost - and is no longer competitive in the World market - which will cause reduction in overseas demand for US goods whereas US consumers will have to buy US products at higher price.
Like · Reply · 1m
Tanya Roberson ·
Sounds like it was the other way around. The way you will know who won is by looking at the trade deficit a year from now.
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