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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: TobagoJack who wrote (140792)	4/18/2018 1:17:18 AM
From: louel	Read Replies (2) of 218573

The tariffs were not intended to harm China. O'bama was afraid to open discussion on Trade with China. So why would Xi He had the favorable position. The Steel Tariff by Trump was well thought out. Probably discussed with Xi before the move. And was simply put an opening statement from which trade talks could proceed. Xi would not looked good or working in China's interests if he had without reason began raising prices to the Chinese consumers by Tariffing imports without cause. With that in mind consider Steel being the product chosen, 80+% of Chinas Steel production is consumed in China itself. The remaining 20% is distributed around the globe. Only a minuscule 1% of the remaining 20%, is sold to the USA which is hit by a tariff. The other 19% of what is exported to countries where Trumps tariffs have absolutely no effect. Does no damage to China. On the other hand, Canada sells steel to the US tariff exempt while it buys steel from China for it's own use. If the US needs more steel they up the imports from Canada. Then Canada replaces any shortfall with added imports from China. The Xi's reaction of counter tariffs on US goods as retaliation was justified and accepted in the minds of his people, A feeling of Patriotism ! The US won't get away with doing that to the Chinese people they felt. Unaware that is exactly the reaction which was sought. A 25% levy on only 1% of " Exports" will not even be noticed. That is why steel was chosen. It is probably the lowest volume product China exports to the USA. It was used as an excuse to open trade talks. Made it sound more important than it really is and it worked. A renowned truth; " What is said is not near as important, As what the listener Hears" The United States ranked 26th as a destination for China’s steel exports, receiving just 1.1 percent of exports (0.8 mmt) in 2017

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