Trump says tariffs making companies leave China, a deal can't be '50-50'
U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a "50-50" deal.
Read more at https://www.channelnewsasia.com/news/business/trump-says-tariffs-making-companies-leave-china--a-deal-can-t-be--50-50--11547754 (Updated: )
Trump added that he believed that China would eventually make a deal with the United States "because they're getting killed with the tariffs, China' getting totally killed." --- (1) China's Economy GDP is US$13 trillion.
(2) Trump say his tariff on China US$500 billion goods will kill China. Is this fake news?
(3) China trade with US is 3.8% of the total GDP - will this tariff war kill China? Seriously? Something wrong with Trump's math.
Trump is only telling ONE QUARTER of the story. In fact Russia is the biggest beneficiary of the trade war as China is turning to Russia to buy soya beans and LNG which amount to billion dollar of losses suffered by the American company. Even Boeing lost 300 billion dollars aircraft deal to the France airbus. For those factories that moved out of China, they are loosing the domestic market which is half of their business, who will be so stupid to do such silly things. What they will do is setting up some new facilities in Vietnam but still keeping the factory in China. Anyway Vietnam can only produce low end products which China intended to phase out.
Boeing will soon bankrupt because of the 737max problem. If United States is willing to talk peace with China, China may be willing to close one eye on the BOEING 737MAX problem, otherwise China will have good reasons to reject 737max and Boeing will be in shit. The trade inbalance between United States and China is largely because the United States export to China is faced with competition from other develop countries but the China export to united states is cheap and good and faced no competitor.
TO 黄柏安 Trump is only telling ONE QUARTER of the story.CHINA is telling THREE QUARTER of lies and Roberry . Can the EU be wrong also to said CHINA FORCED Technology Transfer ? ! So you are saying the World is Wrong.CHINA is very Honest and ethical ?
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