tag:blogger.com,1999:blog-2761684730989137546.post2554348239807042673..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: China tariffs its own products..mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2761684730989137546.post-6993201181673681622018-04-05T17:50:08.454-04:002018-04-05T17:50:08.454-04:00It’s just too radical...It’s just too radical...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-12406309562802788742018-04-05T17:48:36.857-04:002018-04-05T17:48:36.857-04:00It’ll go up too much... they might be able to add ...It’ll go up too much... they might be able to add an additional ration of dog brain soup to export workers daily compensation if that happens...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-89499343674075792442018-04-05T16:00:32.532-04:002018-04-05T16:00:32.532-04:00A tariff is like a tax or fee (in this case a &quo...A tariff is like a tax or fee (in this case a "fine" for putatively bad behavior) collected from domestic importers based on the prices they pay in the currency zone. US importers will pay a tariff to the US government in USD and Chinese importers will pay a tariff in CNY to the Chinese government.<br /><br />As long as China pegs CNY to USD, there won't be a significant adjustment in exchange rate.<br /><br />China needs to float that sucker.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-53454335338633222682018-04-05T11:13:56.643-04:002018-04-05T11:13:56.643-04:00Yeah but what currency is the Chinese tariff in?
...Yeah but what currency is the Chinese tariff in?<br /><br />We know it is x%. But in what currency?Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-12530021619595316402018-04-05T09:47:17.030-04:002018-04-05T09:47:17.030-04:00"Squeezing" should be "squealing.&q..."Squeezing" should be "squealing."Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-12777889062078557842018-04-05T09:45:36.178-04:002018-04-05T09:45:36.178-04:00The Last Refuge is out to lunch. The amount of por...The Last Refuge is out to lunch. The amount of pork that is produced by Smithfield is minuscule in comparison to the amount of pork and soybeans produced by American (Iowan) farmers — you know, Trump voters. This is targeting Trump's rural base with serious pain and living in Iowa, I can tell you that they are already squeezing. The loses are projected in the hundreds of millions already as prices have adjusted downward in expectation of lower demand from China, which will either produce more pork domestically or import elsewhere. They also know that once a market is lost, it never comes back as alternative supply is forthcoming.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.com