China warns of countermeasures if US passes trade bill »
Posted By Aidenag 1 year, 4 months ago in Business & FinanceChina warned Tuesday of unspecified countermeasures if the US Congress adopts a bill on Beijing's foreign exchange regime that could lead to higher US tariffs on Chinese imports.
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Aidenag
Photographer by day, news junkie by night. My main areas of interest are politics and the environment. If you have any questions, problems, or suggestions ...
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Harbeas1 year, 4 months ago
We have a track record of giving away the store in free trade agreements. If the country is willing to give us free and unfettered access to their markets, we will do the same. Unfortunately, we have failed to get this kind of agreement with these countries. It's about time we started demanding it!
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usavet1 year, 4 months ago
i think tariffs are a good idea getting tired of chinese junk cant find anything they make that last for long i work in a machine shop an have seen the quality{ or lack of} of there goods we could bring prices down of our own goods if we would buy more of our own goods made in this country
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OnionHeadComment removed: User banned.
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Aidenag1 year, 4 months ago
Me, im just boycotting all things chinese. Its really REALLY hard, but well worth it.. Better for the Environment, Better for US economy, Better for human rights.. Its pretty much a win win win situation, Minus the fact im spending more money buying from countries that actually make good products that last. But then it can be argued, im saving money, as what i buy lasts longer.
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deathray1 year, 4 months ago
I believe that one third of all the things we use in our daily lives are imported at this point, and much of that is Chinese made.
China is using our addiction to low cost to leverage themselves as a superpower. They are doing this at our own expense.
We are creating, as we often do, our own rival.
I boycott Chinese imports as well.
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aceofspades11 year, 4 months ago
China holds more T-Bills than any other country how would a change in the valuation of the yuan effect the status of this debt?
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FRICKANDFRACK1 year, 4 months ago
Pretty much drop the real value of American currency in China,US goods cost fewer yaun and commie Chinese goods cost more dollars.A 5% change in the exchange rate would mean $1 would be worth 7.22 yuan and a Yuan would be worth 0.08 Dollar.Not sure if I think this is the best road to travel but it might be one of the few left to America,might lower the trade imbalance a little maybe and to a certainty force them to convert dollars to try to cut exposure probably to Euros driving our currency even lower worldwide so who wins?
Approxamate values
todays rate $1 = 7.66Yuan
yuan=$0.13
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deathray1 year, 4 months ago
Lowering the value of the dollar doesn't change relative to the yuan; the yuan trades on a .5% value difference a day to the dollar. If the dollar were to drop precipitously in value prices in the US would go up for imported goods; it woul be a great thing for US manufacturers, but things would get very expensive for consumers.
We export a lot of energy, engineering, agricultural technology, high teck to China. The problem is that they don't buy enough of it to balance our trade imbalance.
There's also some chicanery on the valuation of the items that are exported to the US from CHina, so the real value is less than the reported figure.
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MarkeD1 year, 4 months ago
China could call in all the money its lent America and you could see the value of the dollar plummet? A short article.
http://www.theatlantic.com/doc/prem/200401/schw...
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deathray1 year, 4 months ago
If you want to know what a trade dispute with CHina would be like, read this:
http://www.sci-tech-today.com/story.xhtml?story...
The Chinese are now complaining about US food exports to China, preemptively.
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