Experts warn consumers may start to feel pinch during next phase of Trump trade war with China

Experts warn consumers may start to feel pinch during next phase of Trump trade war with China


POINTED THE LEADERS OF THEM. PROTESTS THERE CONTINUE. EXPERTS ARE WARNING CONSUMERS MIGHT START TO FEEL THE PINCH DURING THE NEXT PHASE OF PRESIDENT TRUMP’S TRADE WITH CHINA. GARY FROM THE PETERSON INSTITUTE SAYS SO FAR THE RIPPLE EFFECT HAS NOT BEEN FELT BY CONSUMERS AND PRICES AT WALMART OR WHEREVER. AS WE GO TO THE NEXT INSTALLMENT OF TARIFFS, THAT WILL SURELY SHOW UP IN THE PRICES. JOINING ME NOW, DIRECTOR OF THE CENTER FOR CHINESE STRATEGY, MICHAEL PILLSBURY. GREAT TO HAVE YOU. WHAT’S THE HOLDUP BECAUSE WE KNOW THEY’RE SUPPOSED TO BE ANOTHER ROUND OF TALKS IN SEPTEMBER. PEOPLE ARE GETTING VERY NERVOUS. WHAT IS THE BLOCKADE?>>IT’S GOOD NEWS THAT TALKS OR EVEN SCHEDULED FOR SEPTEMBER. I REMAIN SLIGHTLY OPTIMISTIC THAT WE CAN GET A DEAL FAIRLY SOON. THE BIG HOLDUP IS THE CHINESE APPARENTLY THOUGHT 150 PAGES THEY AGREED TO WAS ONLY IN SOME SENSE VOLUNTARY OR IT WAS KIND OF A GUIDANCE AND THAT IN THE FUTURE THEY WOULD TRY TO DO BETTER AND NOT STEAL AS MUCH INTELLECTUAL PROPERTY OR FORCE AS MUCH TECHNOLOGY TRANSFER AS THEY HAD IN THE PAST. THEY CAME TO REALIZE NO, IT WAS LEGALLY BINDING. LAWSUITS COULD BE FILED IN CHINA OR IN THE UNITED STATES. IT WOULD BE KIND OF A THREE LAYERED COURT SYSTEM WITH PUPILS AND TARIFFS, THEIR PUNISHMENT COULD BE ADMINISTERED IF ANYBODY IN CHINA, INCLUDING THE GOVERNMENT, BUT ALSO THEIR COMPANIES, WERE CAUGHT VIOLATING THIS 150 PAGE DRAFT. I THINK THEY BALKED AT THAT. THAT MADE PRESIDENT TRUMP ANGRY BECAUSE HE THOUGHT — LEGALLY BINDING.>>Shannon: IS THIS –>>RAISED THE TARIFFS NEEDS GOT MORE THINGS HE CAN DO. IF THE SEPTEMBER TALKS DON’T GO WELL.>>Shannon: THEIR APPROACH TO THIS, SAYING WE WERE TALKING ABOUT THE STUFF BUT WE DIDN’T KNOW YOU’RE GOING TO ENFORCE IT, IS THAT BECAUSE THEY’VE GOTTEN AWAY WITH SO MUCH OF THE PAST AND THERE’S A NEW SHERIFF IN TOWN?>>IT’S PARTLY PRESIDENT TRUMP. THEY UNDERESTIMATED HIS DETERMINATION. THIS IS SOMETHING PRESIDENT TRUMP HAS WRITTEN ABOUT AND SPOKE ABOUT FOR ALMOST — MORE THAN 20 YEARS. MORE THAN 20 YEARS. HE NOT ONLY HAS SUPPORTED THE VOTERS BUT HE HAS HIS OWN LIFETIME QUEST TO MAKE CHINA GO STRAIGHT, YOU MIGHT SAY. THE TREND IS VERY MUCH UNDERESTIMATED THAT. THEY THOUGHT IT WAS ANOTHER SAME OLD PRESIDENT. AN AGREEMENT IN PRINCIPLE THAT WE WILL DO BETTER AND THAT WILL BE THAT.>>Shannon: “NEWSWEEK” THIS WEEK, TRUMP THREATENED TARIFFS COULD CAUSE RECESSION IN NINE MONTHS IF EMBLEMATIC. THEY ARE CITING MORGAN STANLEY ECONOMIST SAYING THAT IF THE U.S. WERE TO IMPLEMENT 25% TARIFFS ON ALL IMPORTS FROM CHINA AND CHINA WERE TO RESPOND WITH COUNTERMEASURES, WE BELIEVE WE WOULD SEE THE GLOBAL ECONOMY ENTERING RECESSION IN THREE QUARTERS.>>RIGHT, THAT’S PROBABLY EXCESSIVELY NIGHTMARISH. THE PRESIDENT HASN’T GONE THAT HIGH. HASN’T GONE THE FULL 25%. SOME COMPANIES ARE GOING TO GET WAIVERS. THEY ARE MEETING WITH THE EXECUTIVE BRANCH AND SAYING THEY SHOULD BE EXEMPT. THE CHINESE HAVEN’T REALLY RESPONDED AS MUCH AS A CODE YET. I THINK IT’S A LITTLE PREMATURE TO BE SO NIGHTMARISH. THE OPTIMISTIC SIDE IS THE DEAL IS REACHED IN THE NEXT TWO OR THREE MONTHS BY WHAT I HAD PROPOSED AS KIND OF A LOW-HANGING FRUIT. GO AFTER THE THINGS THEY UNDERSTAND THEIR LEGALLY BINDING, COLORED PART ONE OR PHASE ONE OF THE AGREEMENT. GET THAT SIGNED AND GET THE PANIC DOWN AND HAVE THE WORLD STOCK MARKETS AND GROWTH RATE GO UP, AND THEN TACKLE THE HARDER ISSUES LATER, MAY BE IN THE PRESIDENT’S SECOND TERM.>>Shannon: THEY ARE HOPING –>>THAT’S ONE IDEA I POINTED OUT. IT’S KIND OF LIKE COMMON SENSE.>>Shannon: FOLKS ACROSS THE CONTINENTS ARE HOPING HE DOESN’T HAVE A SECOND TERM MAY BE IN RELATION TO SOME OF THESE AGREEMENTS.>>I THINK THE PRESIDENT IS RIGHT ABOUT THAT. THEY CLEARLY THINK BIDEN IS GOING TO WIN. SOME CHINESE FRIENDS OF MINE TOLD ME BUYING THIS GOING TO WIN FOR SURE.

Author:

100 thoughts on “Experts warn consumers may start to feel pinch during next phase of Trump trade war with China”

  • It takes time for factories in the USA and other non-Chinese industry to get production going to replace Chinese production!

  • I haven't felt the pinch yet. I don't plan on feeling the pinch. There really isn't anything I need from China right now.

  • Are these the same experts that told us the previous round of tariffs would raise prices by 3%. Nothing burgers!

  • AGREE James Moore, China has been sticking it to the USA for decades, the only one with the balls to try and rectify the situation is President Trump.

  • Thomas Morningstar says:

    Look for the underlying truth as pointed up by Dan Bongino. Manufacturers are pulling up stakes and moving the factory to Vietnam, Indonesia. Trump's plan is brilliant. The currency devaluation of the Yuan only makes it more favorable for multinationals to pull their manufacturing from China and set up in countries that do not play the idiotic China rip off game.

  • If Michael Pillsbury is right then it should work both ways for it to work. ie. It must be enforced in both US and China. So either side can not go back on what they signed unlike what has happened now where both side just reverse what they promised/said.

  • let's try to not act like children that are told they can't have anymore candy, we had enough candy, time to eat our vegetables now, do you support slave labor or not? do you think that buying American is good for this country or not? things gotta change, but just because withdrawals suck it doesn't mean quitting the drug isn't worth it, sometimes you need tough love

  • The American consumer need to make purchases that are beneficial and needed. Impulse buying needs to stop. Look at the proliferation of storage units. American's have too much crap. Why pay $80+ a month to store stuff you haven't used in 2-3 years ? Why is your 20-40K car sitting in the driveway with 2K or less crap taking space in your garage ?

  • So in other words China found out it was a real deal and backed out. They are playing for time. It is an old communist tactic. They did it during the vietnam war. At the negotiating table to make us believe they want and agreement. When the are just working to make themselve stronger. Never any real intention to actually do a deal. I am pretty sure Trump is well aware of this. China is hoping Trump wont be re-elected. They hear CNN and MSNBC attacking him constantly and propably think he won't be able to take it. China would probably be more willing to deal if they new Trump was going to be there but you got the leftstream media saying he won't. They were so right about Russian collusion. The leftist MSM is weakening our position around the world.

  • Qwickkill Martin says:

    Stop buying their junk. If its made in china it goes back on the shelf. Why people would buy any products that aren't made in your own country over the junk made in china is beyond me.

  • These so called experts told us the stock market would crash when Trump was elected. They have been crying a recession is just around the corner for almost three years now. So take their warnings with a grain of salt.

  • 😀🤴🏼😀🤴🏼😀🤴🏼😀🤴🏼😀🤴🏼😀🤴🏼😀🤴🏼💙🤴🏼💙LOVE🤴🏼💙🤴🏼💙🤴🏼💙🤴🏼💙🤴🏼💙🤴🏼💙TRUMP🤴🏼💙🤴🏼💙🤴🏼💙🤴🏼💙GOD BLESS🤴🏼💙🤴🏼💙🤴🏼💙🤴🏼💙🤴🏼💙🤴🏼🤴🏼💙🤴🏼💙💙🤴🏼🤴🏼

  • I'm willing to feel the pinch and change my habits in order to confront China. There's nothing coming from China that can't be manufactured here or elsewhere.

  • Notice the media ALWAYS calls is “trumps” trade war… REALLY? Been going on for 30 YEARS. Trump is the only one with the balls to do something about it

  • Randomfully Wonderful says:

    Biden shall win the trophy of loser … to the only winner in American history … President Donald J,. Trump.

  • Stop buying Apple Devices like the $3000-$5000 Laptop, Stop buying a $1200 + iPhone from Apple… I am pissed because Apple wants to use China cheap labor… have you seen the housing/sleeping arrangements, very little in their rooms, central showering spot for all the workers.. they look like they are treated like slaves with no life. Timothy Cook is the CEO of Apple.

  • I don't think America should be afraid China has way more to lose than us and it's good to hit them now than in the future.

  • alvin chipmunk says:

    A permanent boycott of anything made or distributed by/thru China ( as well as other country's ) should have alway's been in place by all TRUE PATRIOTS of the U.S.. The U.K./EU & most Arab natiobs have always done so via against the U.S./ their country's. Yet, we here in the U.S. do not?

  • Bantham Nobilis says:

    Experts also said Trump wasn't going to win in 2016, and they said the trump economy was going to fail, you STILL listening to experts?

  • Trump put himself in a bowl of Chinese Tarriff Soup.
    Only Chinese Chopsticks can pick Trump up from this Trump made Tarriff Soup.
    Pick Trump up Hanging ,
    Take bite or Drop Trump.

  • butterfly life says:

    dont sleep on china , china is making big deals and moves in many countries of africa , so can be that this war trade affect more to united state

  • He’s probably selling our country to them or discussing the transition fckn lying sneak I don’t have loyalty to the point of retardation

  • hopeCafe' anew says:

    Big nothingness. Before China was entered into the world trade organization , we did what we always did….. Work it out. …..The sun will rise and set without a deal.
    …………….And lots of time to get it right………….
    The man with the plan loves his country….. Unlike the others that are willing to roll over and be dead , not a game.
    Many stupid liars filled the office of the President ,but when a real President shows up the world gets put in proper order.

    Some people are awesome , and others stand back in awe.

  • Years have passed and one politician after another has bow down or bow away from the deceptive trade practices of China (theft of intellectual property, trademark infringement, hacking as well as manipulation of money and aggressive trade or punishment of rival business. This president is the only that’s doing anything about it. Trump reminds us that we are a foe that you don’t want on the best of days and one that you will regret having on the worst of days. These experts don’t have a clue and hasn’t spoken up at all with what’s been done by the Chinese for years.

  • xl2beerz Gaming says:

    Kinda hard to feel "the pinch" when you don't buy Chinese made crap in the first place. I haven't bought Chinese made crap since I stopped going to Walmart in 2008. I'm doing great ANNNNNND my purchases last longer than 1 month.

  • olderthangranite says:

    The many people who will no longer be unemployed might not be feeling such a pinch. Communists lie constantly. No such thing as a treaty.

  • Too bad! Cannot win a war mentally, phys, militarily if not back enemy into a corner & take authority over & defeat. So it takes sacrifice to back them up! USA can take care of itself without China & businesses can bring manufacturing back to USA & create more jobs here.

  • Россия если вы являются прослушивание. Релиз мочиться мочиться ленты

  • One Stop Design says:

    Same experts that claimed the stock market would crash with Trump as president! These people are not only inept but also lack an adequate IQ

  • Richard Schaefer says:

    I have a plan…Don't buy Chinese crap. They treat their citizens like slave labor; and that is their plan for the rest of the world as well.

  • Somebody answer please. If US purchase Chinese products with a tariff and the rest of the world purchase without a tariff, who is the winner?

  • "Feel the pinch" lol, at worst you'll pay $.02 more for toothpaste at Walmart or something… The end result of a strong agreement will be well worth a year or 2 of pain.

  • China is NOT the only country in the world that makes cheap consumer products. There are a dozen other countries that produce products just as cheap as China. In 12 months all trade from China could stop 100% and consumers would not notice a thing in terms of prices as other countries would step in to build and sell products that were once made in China.

  • The Ragged Fringe says:

    This is typical of China where contracts are regularly ignored and rules are bent. Laws are seen as a ‘suggestion’ unless they are enforced with an iron fist.

  • I thought The President was a smart and savy businessman!!?? Why are we going to feel the pinch??? I am confused! Trump 2020 …. ??

  • Experts warn that consumers may feel the pinch is what liberals have warned two years ago. This isn’t news, this is common sense.

  • Sea shadowbanned N.Christopher says:

    NUKE CHINA…”PINCH”..? LIKE RESTARTING THE MANUFACTURING HERE AT HOME?… Think America will be fine..WORLDS BETTER OFF ACTUALLY…WITHOUT SOCIALIST CHINA… I HATE CHINA!

  • It's not going to happen there's a near 100% markup on the crap coming out of China how do you think department stores like Kohl's can give you anywhere from 5 to 30% off of a item that has already been marked down 50%

  • So far, Trump's tariffs on Chinese goods have cost Americans only 0.2% of the prices, according experts. It means Americans pay additional 0.2 cent for anything that costs $100. If Trump's tariffs go up to 100%, US consumers still pay less than $1 on any $100 item. By contrast, Chinese consumers and companies have to pay a hefty price for Trump's tariffs. China has been stealing us blind for 20 years. Both the trade deficit with China and the Chinese espionage on American soil have cost the US about $1 trillion each year, which is considered the greatest transfer of wealth in history. The beautiful thing here is that the tariffs on Chinese imports can be as unlimited as China’s president for life Xi Jinping. We might pay a little more from beginning, but it'll be all worth it. It's our country and for us all.

  • Democrats keep trying to say it'll cost Americans. But I'm not seeing any costs that aren't fully justified and worth paying.

  • ☝️ a country & people must prioritize and protect its own products or products from co- territories / friends… 👍
    ☝️ a Government & Media must protect its own people and promote legal laws & sense of equality & balance…

  • ☝️ a country & people must prioritize and protect its own products or products from co- territories / friends… 👍
    ☝️ a Government & Media must protect its own people and promote legal laws & sense of equality & balance…

  • Boy, you guys are DUMB!!!
    80% of what's in your house RIGHT now came from China.
    Turn it over and Look at it!!!
    Your spoiled little brat children are gonna have slim pickens of toys come this Christmas.
    Enjoy the Tariffs !!!!

  • Before any expert says anything… Go to college for 5 years get master's degree and come back and tell me Trump's policy is good….

  • HEY FOLKS, if you wear MAGA hats and chant AMERICANS FIRST, then support raising minimum wage to $15/hour and support your fellow American workers, SUPPORT your LOCAL TEACHERS as well. They deserve decent and living wage too.

    WITHOUT IMPORT tariffs, YOU ALL can still buy made in USA and pay extra without complaining.

    We're so sick of pandering hypocrites pretending as the patriots. Please walk your own talks, will you ?

  • Democrats blame Russia, Republicans blame China. Americans never look in the mirror, only at others, even when it comes to their fellow citizens.

  • Finally Donald Trump admits that his trade war actually causes more burden and extra spending on American taxpayers and American people!

Leave a Reply

Your email address will not be published. Required fields are marked *