Skip to main content

Both country win temporarily from the trade war

1. The Trump administration plans to raise the tariff of goods worth $20 billion to the United States to 25% from January 1. After the meeting with the Chinese side on December 1, the negotiation process was started and the time was extended to March 1st; later at the end of February, the time was delayed again. The negotiations did not have any results at the end, but the time was greatly extended. From this point of view, the Chinese side is a winner.
2. Judge from Trump's Twitter, it was because the Chinese attempted to withdraw some of the promises, which led to the breakdown of the negotiations, thus the process of raising tariffs is opening up . However, the punishment is not enough. The time for these tariff increases is pushed back. Now there are some deceptive factors superimposed and more punishments should be imposed.
3. The United States has obtained tariffs on the Chinese side and the taxation procedures for the remaining products imported from China is started. There is no strong resistance in China. American agricultural products, high-tech parts and so on are all what China just needed. They may be not be imported for a while, and they will be imported sooner or later because there is no alternative.

Comments

Popular posts from this blog

span[class~="sr-only"]

  The  span[class~="sr-only"]  selector will select any  span  element whose  class   includes   sr-only . Create that selector, and give it a  border  property set to  0 . span [ class ~= "sr-only" ] {    border:   0 ; }

An Australian Pelican feast that lasted more than two decades

Why are you so focused? It turned out that the pelicans were all waiting to eat fish with their heads up, hahahaha! In the Central Coast area north of Sydney, there is a beautiful and famous town called The Entrance, which has the title of "Australian Pelican Capital". What makes a town so honored? The reason is these cute toucans. Every afternoon, the pelicans fly here from near and far, and there are no obstacles 365 days a year. As soon as 3:30, a staff member will push a large box full of fish to the small square where the pelicans gather, and the pelicans have long been eager to wait. This white-haired grandpa came to feed today. I saw the grandfather skillfully put on rubber gloves, while taking a fish out of the box and throwing it at the pelican, he interacted with the onlookers and introduced the knowledge of the pelican. The noise of the pelicans competing for the fish and the exclamation of the onlookers crowded into one, the atmosphere was warm. A clever pelican s...

Low risk, high reward: the asymmetric black swan trade

Cornwall Capital was founded in 2003 by two young people who were not in the mainstream - Charlie Ledley, and Gammy Mak. I say they were out of the mainstream because they were not financial professionals from a scientific background, but they were full of imagination, and a keen insight into the market. Their insight is evident in the transactions of First Capital Financial. Case Background Before betting that the subprime mortgage market would collapse, Cornwall Capital first noticed a credit card business company, First Capital Financial. Throughout the 1990s and early 2000s, First Capital Financial claimed that it had better tools than other firms for analyzing the creditworthiness of subprime credit card users and pricing the risk of lending to them, and the market bought that claim. But in July 2002, First Capital Financial's stock fell 60% in two days after the company voluntarily disclosed a disagreement between them and two government regulators: How much capital did they ...