Economy Trade War is Here - USA vs. China

cincymma79 said:
England is 2.6 roughly
So minus that one
And are you saying that Europe would act against our interest while not finding their military and relying on us to protect them?
How should we respond to that then
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I'm saying the entire world economy has more than enough trade opportunities for China and they don't have to put up with us if they don't want to.
 
PainIsLIfe said:
Iran cant supply the oil they need and Russia is busy supplying the EU and has openly said that they need investment in the industry.

Basically Russia would have to divert oil from Europe to feed China and the little that Iran could spare needs to be at market rate - ie @ $5-9 higher than they pay US companies.


EDIT- its a sign of desparation that China went after oil. They're hoping to send the US into recession and get a democrat elected
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Iran has the fourth largest proven oil reserves in the world behind Canada and Russia is just a few place behind them.

Iran has 4x the oil reserves than the US and Russia has 2x.
 
I'd say that Trump made a fatal blunder in starting to threaten the EU at the same time as he started with China. Even though he stopped after the EU just spoke back and just focuses on China right now it would be a so much more advantageous situation if he had tried to get the EU and the US to make a combined effort of reestablishing the trade balance with China. We can't know exactly how that would have turned out but as it is he rather made the EU want to weigh their options with China as the US is seen as a less reliable partner than before.
 
Rational Poster said:
Trump doesn't have a plan. He's the Mike Perry of Geo-politics.
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More like the Dick Cheney of geo-politics "Cheney:6 months Iraq will greet us as liberators". President was under the assumption that China would have quickly caved an Europe would have aligned themselves towards this effort.

Now President Trump never one to take blame throws blame at Powell an the Fed. Even farmers have given up in many areas because Countries like Brazil an Australia have filled some of the void.
 
PEB said:
More like the Dick Cheney of geo-politics "Cheney:6 months Iraq will greet us as liberators". President was under the assumption that China would have quickly caved an Europe would have aligned themselves towards this effort.

Now President Trump never one to take blame throws blame at Powell an the Fed. Even farmers have given up in many areas because Countries like Brazil an Australia have filled some of the void.
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Hey guys I know how to deal with China.

Let's give up on our global markets.
 
Rational Poster said:
Iran has the fourth largest proven oil reserves in the world behind Canada and Russia is just a few place behind them.

Iran has 4x the oil reserves than the US and Russia has 2x.
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Crude oil
 
Squarechoke said:
We can't know exactly how that would have turned out but as it is he rather made the EU want to weigh their options with China as the US is seen as a less reliable partner than before.
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Sometimes you gotta pick a side. Their choice.
 
Rational Poster said:
Iran has the fourth largest proven oil reserves in the world behind Canada and Russia is just a few place behind them.

Iran has 4x the oil reserves than the US and Russia has 2x.
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It's gotta come out of the ground before it can be sold. Iran can only spare around 2m bbl/day. China currently imports 9.5m/day. And Iran want the price high to prop up their economy.

Russia will be happy to sell them oil, but its going to cut into the supply that currently goes to Europe which will likely drive the price a little higher. And from their pleas for investment I dont know if they get an extra 7m bbl/day.
 
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PainIsLIfe said:
It's gotta come out of the ground before it can be sold. Iran can only spar around 2m bbl/day. China currently imports 9.5m/day. And Iran want the price high to prop up their economy.

Russia will be happy to sell them oil, but its going to cut into the supply that currently goes to Europe which will likely drive the price a little higher. And from their pleas for investment I dont know if they get an extra 7m bbl/day.
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Seems like a fair deal to not have to deal with a hostile trade partner slapping you with tariffs.

Also don't think China would mind investing in Iranian oil to have a more domestic source that doesn't have to rely on ocean travel.
 
Whippy McGee said:
They have been using Slave Labor, Currency Manipulation, Predatory Trade Practices, and now Aggressive International moves to attack the West and our Economies. If we don't deal with them soon, it will be too late as they open up new initiatives in Central America, South America, and Africa. If we let it continue, our children will know a world of Chinese dominance and Globalism where their freedoms and liberties evaporate.
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whats up with all the capital letters in your first sentence?

oh, and...

Wont somebody PLEASE think of the children?!?!
 
Rational Poster said:
Seems like a fair deal to not have to deal with a hostile trade partner slapping you with tariffs.

Also don't think China would mind investing in Iranian oil to have a more domestic source that doesn't have to rely on ocean travel.
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Id expect them to invest in the Rusdian markets first, but bottom line is that this will increase cost for China who's economy is already slowing.

And they may increase market share in other countries, but we're 20% of all China's trade.
 
source.gif
 
@Rational Poster

You hate America and want to see it burn.

Why?

Why can't you get on our team?

Why isn't America first in your mind?

LOL just kidding. IDGAF what you think.

@kpt018

Even less so.
 
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