China to hit U.S. auto imports with duties

Dec. 14 - China says it will slap anti-subsidy duties on imported American cars. Deborah Lutterbeck reports.

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[kojikik]

May the best capitalist country win

[existentialvoid]

@chrisjiang89 its not engineers, its under-payed factory workers - big difference. And its not even that, its because the making of high-end technology products cost a lot in energy and generate a lot of waste - china has a lot of energy (coal power) for industry and almost not environmental regulation.

[existentialvoid]

lose lose trade war - it will hurt china a lot more the nthe U.S. since US industry has been on the back foot since the 80s and it does not rely on industry while china is wholly reliant on industry export for its revenue.

[chrisjiang89]

@MrCorey282 Actually, i agree with this tariff on an objective point of view. China solar industry are too aggressive and try to monopoly the whole industry, which is not right. US company cannot compete china on the price with the same product. US need green tech to support the future, from this point, to protect the local firm by posting tariff is make sense. However, by taking a trade war risk with the second top trading pastern? I say this: the leader in Washington is totally playing fire.

[MrCorey282]

@chrisjiang89 Obama gave many solar panel companies stimulous, and some took the money and moved to China. If this is the case, I am all for the tariff. At last there's something about Obama I agree with.

[chrisjiang89]

@MrCorey282 For example, you know why apple build factory in china but not ameria? because they cannot find 30 thousand engineer in US to support the producing line. it is not china is cheating or us is cheating, everyone is cheating now, the only difference is: everyone is getting more competitive while US is reducing this education funds and stuck in its old “ we are number 1 " dream. 

[chrisjiang89]

@MrCorey282 about the competitive, how long didnt US invent something new? when china is building new racket and supercomputer, US is cutting funds from education. at the same time, chinese college produce 6.3 million undergraduates in 2010. Now, china ranked top among the amount of new Patent and new research papers. shanghai ranked top among reading,science and math. If you think US lost their job just because US gov. It wrong, US people do have their own fault.

[chrisjiang89]

@MrCorey282 the best way to get the job back is simple. like Germany did in 2000,

1. reduce your payment, and reduce the your 401k. I believe you will be the first one to fight this.

2. American regard them a hard workers when they eat a 3 dollar meal and do not drive to factory. Imagine this, Indian are work for 10dollar/day and eat 40 cent meal and live in the factory. Hard worker? what a comic?

[chrisjiang89]

@MrCorey282 1. leadership is not dumb, if they are dumb, they will never get to this position.

2. the Largest currency monopoly is US, US run Q1 and Q2 which largely under value it currency, this action indirectly make the EURO crisis. If you dont know the capital market, go review the Q1 and Q2 by fed, then you know how it works. briefly, it print money based on no value. you know why the price goes up and up? yep, it is Q1 and Q2, go blame the Fed not china.

[chrisjiang89]

@MrCorey282 obviously you dont know the truth, us just take a 25% tariff on chinese made solar panel last month. i truly believe this is a response from china to US. so, the trade war is on. everyone will heart.