tag:blogger.com,1999:blog-4900303239154048192.post989019482101044111..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: China's Economic Nationalism?Unknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4900303239154048192.post-24087725746102968442010-03-19T22:45:12.880-04:002010-03-19T22:45:12.880-04:00john c. halasz said...
Something very intelligent...john c. halasz said...<br /><br />Something very intelligent. Import duties should be applied slowly and increased slowly. But I will add that the proceeds of the tax should be held in a trust account for providing quarterly economic stimulus checks to the American people. That trust account can also be the recipient of the funds from the Cantwell-Collins carbon tax/permits.<br /><br />The tax and rebate system is designed to dodge the "taxes are burned in a furnace" morons, and to allow the market to work out the micro econ stuff.TheTruckerhttps://www.blogger.com/profile/10346127768102862741noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-42023511497093029562010-03-19T15:07:39.419-04:002010-03-19T15:07:39.419-04:00Barkley Rosser:
Though pressure on already tight ...Barkley Rosser:<br /><br />Though pressure on already tight export-manufacturing SME margins might tempt the Chinese, (since it's actually the platforming MNCs that reap the lion's share of the gains), to devalue the RMB, just why would they want to accumulate still more U.S. bonds, which involves eventually realizing still more capital losses? Seems the Chinese are in as much of a pickle as we are. The RMB does need to appreciate vs. $ and RoW, though it should be gradual, to permit mutual re-adjustment and not a sudden leap of +25%, since these are long-run processes of import/export penetration and production supply organization. I'd start a ppp tariff at 5% and add on 5% every 6 months, if the Chinese fail to respond, (though similar tariffs should apply to other currency manipulators, in East Asia or elsewhere).john c. halasznoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-45993833980743778382010-03-19T11:22:59.681-04:002010-03-19T11:22:59.681-04:00"According to the Zhejiang notice, 48 out of ..."According to the Zhejiang notice, 48 out of 85 samples of imported clothing from 30 international brands failed to meet Chinese product quality standards."<br /><br />I'm curious to know where they were able to find such clothing that had not been manufactured in China. Checking through the labels at my local dept stores it seems unlikely that one can still buy any Euro manufactured clothing,<br />and cdertainly none in the USA. Leather goods seem not to be available from any where but China, with some little supply coming in from India.Jackhttps://www.blogger.com/profile/12971442888151627894noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-66508832106439544472010-03-18T09:22:49.585-04:002010-03-18T09:22:49.585-04:00Michael,
Well, there is a disturbing piece of new...Michael,<br /><br />Well, there is a disturbing piece of news in this, the effort to block imports. China is already running a huge trade surplus that is being accused of disrupting the world economy, with none other than Paul Krugman demanding that the US violate its treaty obligations by arbitrarily imposing a 25% tariff on Chinese imports in order to get them to revalue their currency upwards. So, this stuff just aggravates what appears to be a rising conflict. I, for one, am not keen on a Cold War II with China.<br /><br />BTW, it should be noted that the yuan/rmb has risen in value against the dollar by over 20% since 2005. Furthermore, my bet is that if this piece of nonsense were implemented, rather than caving, the Chinese would go back to buying lots of US bonds, which are plentifully available, thereby devaluing the yuan/rmb back to where it was in 2005 or so.Barkley Rosserhttps://www.blogger.com/profile/13114257724762074636noreply@blogger.com