Now they see Trump's point of view.

The fake news have called Trump a dumbass for many moons but today all of sudden they see the point of his tariffs.

They see the genius. :D:D

Today they want to advice him on what other “tools” he can use… as if they were on his side all along.

[SIZE=7]Explainer: What tools could Trump use to get U.S. firms to quit China?[/SIZE]

[ul]

[/ul]
https://s4-reutersmedia-net.cdn.ampproject.org/i/s/s4.reutersmedia.net/resources/r/?m=02&d=20190824&t=2&i=1422130915&w=640&fh=&fw=&ll=&pl=&sq=&r=LYNXNPEF7N00X
FILE PHOTO: U.S. President Donald Trump answers questions from reporters as he meets with Romania’s President Klaus Iohannis in the Oval Office of the White House In Washington, U.S. August 20, 2019.
REUTERS/KEVIN LAMARQUE

(Reuters) - Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to "start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.".

The stakes are high: U.S. companies invested a total of $256 billion in China between 1990 and 2017, compared with $140 billion Chinese companies have invested in the United States, according to estimates by the Rhodium Group research institute.

Some U.S. companies had been shifting operations out of China even before the tit-for-tat tariff trade war began more than a year ago. But winding down operations and shifting production out of China completely would take time. Further, many U.S. companies such as those in the aerospace, services and retail sectors would be sure to resist pressure to leave a market that is not only huge but growing.

Unlike China, the United States does not have a centrally planned economy. [SIZE=5]So what legal action can the president take to compel American companies to do his bidding? :D:D. [/SIZE][SIZE=5][COLOR=rgb(226, 80, 65)]( Reuters has become Trump’s advisor. The irony.)[/SIZE]

Trump does have some powerful tools that would not require approval from U.S. Congress:

[SIZE=6]MORE TARIFFS [/SIZE]
[COLOR=rgb(226, 80, 65)][SIZE=5](now they see the point in tariffs. SMH)[/SIZE]

Trump could do more of what he’s already doing, that is hiking tariffs to squeeze company profits enough for them to make it no longer worth their while to operate out of China.

Trump on Friday boosted by 5 percentage points the 25% tariffs already in place on nearly $250 billion of Chinese imports, including raw materials, machinery, and finished goods, with the new higher 30% rate to take effect on Oct. 1.

He said planned 10% tariffs on about $300 billion worth of additional Chinese-made consumer goods would be raised to 15%, with those measures set to take effect on Sept. 1 and Dec. 15.

In addition to making it more expensive to buy components from Chinese suppliers, tariff hikes punish U.S. firms that manufacture goods through joint ventures in China.

[SIZE=6]“NATIONAL EMERGENCY”[/SIZE]

Trump could treat China more like Iran and order sanctions, which would involve declaring a national emergency under a 1977 law called the International Emergency Economic Powers Act, or IEEPA.

Once an emergency is declared, the law gives Trump broad authority to block the activities of individual companies or even entire economic sectors, former federal officials and legal experts said.

For example, by stating that Chinese theft of U.S. companies’ intellectual property constitutes a national emergency, Trump could order U.S. companies to avoid certain transactions, such as buying Chinese technology products, said Tim Meyer, director of the International Legal Studies Program at Vanderbilt Law School in Nashville.

Trump used a similar strategy earlier this year when he said illegal immigration was an emergency and threatened to put tariffs on all Mexican imports.

Past presidents have invoked IEEPA to freeze the assets of foreign governments, such as when former President Jimmy Carter in 1979 blocked assets owned by the Iranian government from passing through the U.S. financial system.

“The IEEPA framework is broad enough to do something blunt,” said Meyer.

Using it could risk unintended harm to the U.S. economy, said Peter Harrell, a former senior State Department official responsible for sanctions, now at the Center for a New American Security. U.S. officials would need to weigh the impact of China’s likely retaliation and how U.S. companies would be affected.

Invoking IEEPA could also trigger legal challenges in U.S. courts, said Mark Wu, a professor of international trade at Harvard Law School.

[SIZE=6]FEDERAL PROCUREMENT CURBS[/SIZE]

Another option that would not require congressional action would be to ban U.S. companies from competing for federal contracts if they also have operations in China, said Bill Reinsch, a senior adviser at the Center for Strategic and International Studies think tank.

Such a measure might be targeted specifically at certain sectors since a blanket order would hit companies such as Boeing (BA.N), which is both a key weapons maker for the Pentagon and the top U.S. exporter.

Boeing opened its first completion plant for 737 airliners in China in December, a strategic investment aimed at building a sales lead over its European arch-rival Airbus (AIR.PA).

Boeing and Airbus have been expanding their footprint in China as they vie for orders in the country’s fast-growing aviation market, which is expected to overtake the United States as the world’s largest in the next decade.

[SIZE=6]1917 TRADING WITH THE ENEMY ACT[/SIZE]

A far more dramatic measure, albeit highly unlikely, would be to invoke the Trading with the Enemy Act, which was passed by Congress during World War One.

The law allows the U.S. president to regulate and punish trade with a country with whom the United States is at war. Trump is unlikely to invoke this law because it would sharply escalate tensions with China, said Wu.

“It would be a much more dramatic step to declare China to be an enemy power with which the U.S. is at war, given the president has at times touted his friendship with and respect for President Xi (Jinping),” said Wu.

“That would amount to an overt declaration, while IEEPA would allow the Trump administration to take similar actions without as large of a diplomatic cost.”

(Reporting by Andrea Shalal, Joel Schectman, Jason Lange, Eric M. Johnson and Jan Wolfe; Editing by Sonya Hepinstall)

Just accept that in this trade war even the USA won’t become winners. And companies can’t look for alternatives because china offers very cheap labour.

:D:D

“The reality is many companies have been thinking about leaving, anyway,” Reinsch said.

“Labor costs are going up in China, the regime is repressive, and American companies continue to suffer discrimination,” he added.

https://www.washingtonpost.com/business/2019/08/23/trump-hereby-orders-us-business-out-china-can-he-do-that/

Typical Europeans. They wait for Trump to do all the heavy lifting and then use that opportunity to also leave China. While Trump was making all the noise wao wanajifanya friendly to China but deep inside they are also planning to leave.

67% of European companies in China set to leave China :

https://www.google.com/url?q=https://www.forbes.com/sites/kenrapoza/2019/07/16/europe-joins-us-companies-moving-out-of-china/&sa=U&ved=2ahUKEwjf4MiP75rkAhVFU1AKHUkrCQwQFjADegQICBAB&usg=AOvVaw31zW1vjs0Pat_nu43demKM

“I’m trying to keep my cool and not get worried and upset, but it’s becoming hard,” said Magi Raible, founder of LiteGear Bags, a luggage maker based in Vallejo, Calif.

She has a meeting next week with an industry colleague to discuss moving more of her manufacturing from China to India or South Africa, she said.

“I don’t know how much faster I can move or how much more urgency I can have,” she said.

[MEDIA=tumblr]did=da39a3ee5e6b4b0d3255bfef95601890afd80709;id=186603184504;key=1sSjVc7IYQR15zZ_g87xpA;name=chillcomedy[/MEDIA]

:D:D

America is very lucky to have Trump. Can you imagine if someone else was leading America, it would be the usual bending over to China, which only makes them stronger and more arrogant by the year. Spare a thought for most European countries which China has committed terrible economic rape; they have no say over anything. When China calls they go running. Ndio bwana.:confused:

Trump is rapidly increasing America’s dignity and economic supremacy, but that window was closing down fast. The other frontier where China has been left vulnerable is emerging markets debt. I sincerely hope those countries which China lent development money refuse to pay and they end up bankrupt. Emerging market debt ETF’s are not doing well which signals the future of debt repayment is abysmal. China is finally going down for good! Trump reminds me of Kibaki: no one appreciated kibaki when he was in power, least of them his foes, but today everyone agrees that he was kenya’s best president. Ungrateful Dems! They shall rue the day Trump retires in 2024.

Very soon naona Xi Jinping akiambiwa na communist party elders atoke kwa kiti. He has too much on his plate. Emerging market debts, Hong Kong, Tariffs, an economy that is slowing…

And like you have said who is this who will pay all these Chinese loans? Will China take over all the ports on earth?

Sindio…ama mtado nini?

But doesn’t that go against the Chinese policy of FRIENDLY development and cooperation?

Yaani they try to pretend to be friends and not colonialists.

Si kunyakua…ni kushikilia warudishe angalau 50% investment…io ingine xi jinping anaSamehea/waive maskini ajiSaidie

Sri Lanka lost their port for 99 years. Pakistan lost theirs for 45 years.

:smiley: hizo port zao ziko kalahari desert patricia banae…hazinanga traffick…
Wachanga kiherehere

i would never imagine there exists ‘other’ trump supporters except rednecks and KKK,and his sons,and that botoxed ladyhttps://i.pinimg.com/originals/77/9e/18/779e189a2b031640faf869897e9b5631.jpg

and this guy

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQpgo7hy3HvhlZa3OeR3tnFHRn6G6O5AsI3R5WdiqvO_nZqRETGLQ

and this cat
[ATTACH=full]255977[/ATTACH]

this goat
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQYtinvGBmkegLYamPDH6vtcPLmnanjKQipypPLjM-XoBgN4CmPkQ

[ATTACH=full]255982[/ATTACH]

[ATTACH=full]255984[/ATTACH]

Moving the factories to the US (or any other country) will not be so easy.

The advantage China has is not just cheaper labour. In fact Chinese labour has not been cheap for a while now. Their advantage is in the entire logistics of production.

The way places like Shenzhen are set up, the supply chain is very tight, meaning that anything required in a manufacturing process is within a day’s delivery.

That’s why nobody is in much of a hurry to move production elsewhere on a large scale despite the potential savings on labour costs.

Weaning themselves from China is going to be very difficult, and not a “quick win” as Trump would like it to be.

yeah iknow,it’s yyyyyyiuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuge ,iknow

[ATTACH=full]256026[/ATTACH]

[ATTACH=full]256027[/ATTACH]
[ATTACH=full]256028[/ATTACH]
[ATTACH=full]256029[/ATTACH]
[ATTACH=full]256030[/ATTACH]

https://i.pinimg.com/originals/f4/71/9f/f4719f0f328ce3711db1d0929f4bbb1b.jpg