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US - China Trade war
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2012
#1 Posted : Saturday, October 20, 2018 8:40:29 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Now China, the largest exporter of US oil stops importing from there.
We know China is the most hungry country for oil, so I'm sure the US will feel this one.

The war continues... Let's see who will hurt the most.

BBI will solve it :)
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Angelica _ann
#2 Posted : Saturday, October 20, 2018 9:18:11 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
2012 wrote:
Now China, the largest exporter of US oil stops importing from there.
We know China is the most hungry country for oil, so I'm sure the US will feel this one.

The war continues... Let's see who will hurt the most.


http://www.worldstopexpo...oil-suppliers-to-china/

China’s Top Providers of Imported Crude Oil

Below are the top 15 countries that supplied 89.2% of the crude oil imported into China during 2017:

Russia: US$23.7 billion (14.6% of China’s total crude oil imports)
Saudi Arabia: $20.5 billion (12.6%)
Angola: $19.8 billion (12.2%)
Iraq: $13.8 billion (8.5%)
Oman: $12.2 billion (7.5%)
Iran: $11.9 billion (7.3%)
Brazil: $8.8 billion (5.4%)
Kuwait: $7.1 billion (4.4%)
Venezuela: $6.6 billion (4%)
United Arab Emirates: $4.1 billion (2.5%)
United Kingdom: $3.6 billion (2.2%)
Congo: $3.44 billion (2.1%)
Colombia: $3.37 billion (2.1%)
United States: $3.2 billion (2%)
Malaysia: $2.6 billion (1.6%)

Together, five of China’s leading crude petroleum suppliers (Russia, Saudi Arabia, Angola, Iraq plus Oman) represent over half (55.5%) of overall Chinese crude oil imports for 2017.

China’s top 10 crude petroleum providers supply about four-fifths (79.2%) of its imported crude oil.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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limanika
#3 Posted : Sunday, October 21, 2018 3:36:22 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
2012 wrote:
Now China, the largest exporter of US oil stops importing from there.
We know China is the most hungry country for oil, so I'm sure the US will feel this one.

The war continues... Let's see who will hurt the most.

Trump main focus is to prevent China from overtaking US GDP wise - (some experts had predicted this would happen in less than 10yrs, when trump could still be in office). So, Trade war is just a means to an end. That's why he will make deals with everyone else..EU, Japan, North America, etc but not China.
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obiero
#4 Posted : Sunday, October 21, 2018 4:34:13 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,256
Location: nairobi
limanika wrote:
2012 wrote:
Now China, the largest exporter of US oil stops importing from there.
We know China is the most hungry country for oil, so I'm sure the US will feel this one.

The war continues... Let's see who will hurt the most.

Trump main focus is to prevent China from overtaking US GDP wise - (some experts had predicted this would happen in less than 10yrs, when trump could still be in office). So, Trade war is just a means to an end. That's why he will make deals with everyone else..EU, Japan, North America, etc but not China.

Considering the population size and aggressiveness on the Chinese end on all major economic fronts. It's a given that they will overtake USA. That's why we must posture, like how Dr Njoroge this week announced use of the Yuan as reserve

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Angelica _ann
#5 Posted : Sunday, October 21, 2018 4:43:33 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
obiero wrote:
limanika wrote:
2012 wrote:
Now China, the largest exporter of US oil stops importing from there.
We know China is the most hungry country for oil, so I'm sure the US will feel this one.

The war continues... Let's see who will hurt the most.

Trump main focus is to prevent China from overtaking US GDP wise - (some experts had predicted this would happen in less than 10yrs, when trump could still be in office). So, Trade war is just a means to an end. That's why he will make deals with everyone else..EU, Japan, North America, etc but not China.

Considering the population size and aggressiveness on the Chinese end on all major economic fronts. It's a given that they will overtake USA. That's why we must posture, like how Dr Njoroge this week announced use of the Yuan as reserve


US will sweat this one out, China has factors of production and global market access on their side. Those Trump bully tactics will not work here.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Ericsson
#6 Posted : Sunday, October 21, 2018 8:22:29 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
Angelica _ann wrote:
obiero wrote:
limanika wrote:
2012 wrote:
Now China, the largest exporter of US oil stops importing from there.
We know China is the most hungry country for oil, so I'm sure the US will feel this one.

The war continues... Let's see who will hurt the most.

Trump main focus is to prevent China from overtaking US GDP wise - (some experts had predicted this would happen in less than 10yrs, when trump could still be in office). So, Trade war is just a means to an end. That's why he will make deals with everyone else..EU, Japan, North America, etc but not China.

Considering the population size and aggressiveness on the Chinese end on all major economic fronts. It's a given that they will overtake USA. That's why we must posture, like how Dr Njoroge this week announced use of the Yuan as reserve


US will sweat this one out, China has factors of production and global market access on their side. Those Trump bully tactics will not work here.


China has already feeling the pain.
China is finding it difficult to find an economy that has a huge consumer mkt like USA.
Economic growth was slower in 2018 Q3 compared to Q1 & Q2
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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limanika
#7 Posted : Sunday, October 21, 2018 8:34:37 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
Ericsson wrote:
Angelica _ann wrote:
obiero wrote:
limanika wrote:
2012 wrote:
Now China, the largest exporter of US oil stops importing from there.
We know China is the most hungry country for oil, so I'm sure the US will feel this one.

The war continues... Let's see who will hurt the most.

Trump main focus is to prevent China from overtaking US GDP wise - (some experts had predicted this would happen in less than 10yrs, when trump could still be in office). So, Trade war is just a means to an end. That's why he will make deals with everyone else..EU, Japan, North America, etc but not China.

Considering the population size and aggressiveness on the Chinese end on all major economic fronts. It's a given that they will overtake USA. That's why we must posture, like how Dr Njoroge this week announced use of the Yuan as reserve


US will sweat this one out, China has factors of production and global market access on their side. Those Trump bully tactics will not work here.


China has already feeling the pain.
China is finding it difficult to find an economy that has a huge consumer mkt like USA.
Economic growth was slower in 2018 Q3 compared to Q1 & Q2

It will be no walk in the park for china. It's a matter of when, not if, the American and European companies who invested in china start moving factories elsewhere, to escape the tariffs. And it's time for countries like Kenya to start recalibrating her global outlook once again
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  | | Edit by user: Sunday, October 21, 2018 8:42 PM | Reason: Not specified
Angelica _ann
#8 Posted : Sunday, October 21, 2018 8:40:14 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Time US owned the world is over. Trump is daydreaming.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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limanika
#9 Posted : Sunday, October 21, 2018 9:13:43 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
Angelica _ann wrote:
Time US owned the world is over. Trump is daydreaming.

The US will continue to dominate for the foreseeable future. China has been surely slowed down, though not stopped altogether
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Metaur
#10 Posted : Wednesday, April 17, 2019 12:12:59 AM
Rank: New-farer

Joined: 2/12/2019
Posts: 58
US needs to be made great again;))) On a serious note I remember old US catalogs with some prices. Those were the times. Many were made in USA. Even cars still. China still have a lot of opportunities while US reminds 3rd world country = production for many things are not located there.
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