We are on our own....

[errolanderson]

jazz, you are right . . . Fox News would never offer this perspective of the trade war.

[Klause]

I hear the Chinese are going to retaliate by stopping rare earth elements being exported. Surprise china, those go into all the junk components you make and 2nd surprise we have massive deposits of them here in NA. We have every resource you have and one you don't - affluent consumers to buy it.

Data centers in Canada are closing because power is too expensive in the areas that have good network interconnects (Toronto, Vancouver, Montreal)

Canada has some incredible engineering talent, working on molten salt reactors, quantum computing, and other thibgs that would blow a farmers mind. However, we have no cohesive mechanism to embrace this technology or get it into the world. Always has been a problem even dating back to the Avro Arrow.

A lot of investment is in pot right now. And web 2.0/3.0 startups which is another bubble.

But to put everything into perspective:

[Oliver88]

he hasnt got a vote to lose in western canada

That will be a factor for sure.

Bombardier, SNC-Lavalin, Loblaws all big in Liberal ridings.

[MBgrower]

MFP 2.0 announcement today by USDA.
$15 billion to be paid out

2019 is an election year in Canada, interesting to see if anything similar happens in Canada.

he hasnt got a vote to lose in western canada

[jazz]

I hear the Chinese are going to retaliate by stopping rare earth elements being exported. Surprise china, those go into all the junk components you make and 2nd surprise we have massive deposits of them here in NA. We have every resource you have and one you don't - affluent consumers to buy it.

[Oliver88]

MFP 2.0 announcement today by USDA.
$15 billion to be paid out

2019 is an election year in Canada, interesting to see if anything similar happens in Canada.

[jazz]

Interesting perspective of why Trump's trade war hasn't gone well . . . .

Errol, not CNN. You cant be serious about those guys as any reliable source of news.

Look for the alternative media to find out what the real deal is. They will tell you about the real pain on the ground in china. Their GDP was shaved more than a point before the trade war.

Remember the main factors in this dispute, the difference in export numbers, currency controls, the fed, the reserve currency and the wide income disparity between the two countries. US house hold income is 8 times higher. Logically do the math and who weathers the storm better?

[errolanderson]

Interesting perspective of why Trump's trade war hasn't gone well . . . .

https://www.cnn.com/2019/05/22/perspectives/us-china-trade-war-tpp/index.html"]



My apologies, if my attempt fails to get this article to go live on the balloon setting.

[ajl]

There is no other market for it. Period.

That there is the key to understanding world trade. Funny how many just don't get it. China is a supernova not an emerging superpower. Bottom line is trade deals with the US matter, nothing else does.

[jazz]

Soon as the china US dispute got hot, what did chinese consumers do, switched to domestic brands. Time we got our eyes off the cheap junk and start supporting our own industries and get this sh*t made here. We got mexican labour to compete and canadian resources to back it all and the US might to hammer it all home.

[jazz]

You guys are falling for a lot of propaganda. China is a total paper tiger. Sure they cna get food from Khazakstan if they want, but they have to sell their junk here. There is no other market for it. Period. And with a billion people who still dont know what a toilet is, they are a long way from starting their own cosumer led economy. They are riddled with debt, corruption and state control apparatus. They are in the losing position clearly. Sure they can try to wait it out eat grass or whatever. The deal wont get better. Trump can impoverish them in the meantime.

US companies operating there will be given a good deal to repatriate and they better take it.

[furrowtickler]

Me thinks China don’t need te US as much as experts say ..
as far as food goes , they are cracking deals all over with Argentina, Brazil, Australia, Russia , Kasikstan , Ukraine and many others as well as buying huge areas in Eastern Africa to control food production.
If we think we are even on their radar, we’ll go down a 40 if rum and call yourself captain obvious.
China , Japan , India , and other major importers have absolutely zero respect for our current liberal government. So close to zero trade will happen.
If you believe otherwise, Santa 🎅 will be at your door in the morning.

[errolanderson]

Jazz, I think you misunderstand China. It's an entity that's been around since the beginning of time. It's a unit, all for one - in for the long haul. Unlike the US which has been led in recent times by a peanut farmer, a red neck from Arkansas and now a reality TV star. There is no comparison between them as countries and no doubt who will be the winner in the dispute - and it isn't the US.

The Chinese people now see the U.S. as a direct threat to their development as an emerging superpower. Their resentment of Humiliation may go back as far as the Opium wars. To attempt to humiliate China and force a deal via tariffs in this culture, well, good luck with that one. It’s doomed to fail (IMO). China has stated that they will meet with the U.S. again, but the trade deal may be back to square one. Trump doesn’t understand China and it shows.

U.S. business in China are now in for difficult times. Trump is now in a corner on how to handle this economic fallout from these tech companies that is now backtracking it’s way into the U.S. economy. Recent stock market tweets show this incoming dilemma. As for China, they have intense resolve. They will be hurt economically, but regardless, global trade patterns are now forever changed . . . .

[Oliver88]

It was John Manley who made the original comment. Neither of us has been inside Cabinet but he has. I'm inclined not to believe him because he's a Lib but according to him it happens all the time. That has the ring of truth because I don't remember many high profile extradition cases. Nobody here really knows but what the current Libs did clearly isn't working.

Trudeau managed to make trade with China the worst it possibly could be. (And India and several other countries as well.)

If Bombardier sales or SNC-Lavalin contracts were on the line an arrest would of never happened. She would of been sent gifts and told to stay out of Canada.

[bobofthenorth]

Yes, and then someone leaks the story to the press and I'd bet there would have been cries of outrage on here reneging on our treaty obligations with the Americans to help out the Chinese. This certainly was a no-win or damned if you do, damned if you don't scenario for the Canadian Government.

It was John Manley who made the original comment. Neither of us has been inside Cabinet but he has. I'm inclined not to believe him because he's a Lib but according to him it happens all the time. That has the ring of truth because I don't remember many high profile extradition cases. Nobody here really knows but what the current Libs did clearly isn't working.