Yale's Roach Sees U.S. China hits back in trade 2 days ago   06:18

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Bloomberg Markets and Finance
May.13 -- Yale Professor Stephen Roach and Bloomberg's Marty Schenker discuss the state of U.S.-China trade talks amid the escalation of a tariff war between the two nations. They speak on "Bloomberg Surveillance."

Comments 847 Comments

Sung Yoon
Understand this, US does NOT back off until a crisis that effects US; however, that crisis will likely be in centered in China. By the time US backs off, China will be devastated. This could also mean US backs off too late & the world will be a gigantic hell. Just play this game, as none of can change the outcome. Canned goods anyone?
d a n i e l
Roach is incredibly intelligent and insightful on this issue.
Mark Stephen
87
Hoong Yip Tham
don't worry about that, US can't hurt the world by this mistake again. China, EU & Japan already grow strong enough to operate world business without US.
Chris Yee
Wow! Professor Roach's speech is totally different from what banana chang's claim. Banana is very much in favour of a economy decoupling.
Harry
brilliant man
aaron gao
这老头真的诠释了没有调查就没有发言权,做学术的确要学他这样的
Xiao Gao
Exactly, Chinese won't be happy sell 5 dollars Tshirt and 20 dollars DVD player to US forever. They want to sale 2000 dollars mobile phone and 20M telecom equipments to us. Chinese people naturally believe they can achieve anything and they have the confidence and ability proved by the history.
nicholas tan
US economy are built to trade freely. It will go down if it build its own wall. The congress in rare agreement because the president is having under table agreement with the democrat.
Adu K
China would never kowtow to the USA ....This trade war will affect the USA the most.
かんぐちあき
Great point professor Roach makes here in contrast to another analyst Stephen Moore interview I just watched on YouTube where he tells about how he believes Trump will "won the trade war" with China. Trump and Co. accessing China thru the Western lens when we should really think from Chinese standpoint of looking about future world economy and it's country's survival as a whole. Like Prof. Roach says, China thinks in very long generational terms whereas America tends to be so short-sighted (and with flawed optimism) about the economy. (When the Moore guy spewed about how everyone grabbing U.S.Treasury bills, it's hot 🔥 commodity now, I had to roll my eyes and took everything else he had to say with grain of propaganda salt.)That's where we got to the huge trade deficits, unpayable mortgage & loans, stocks crashing, credit card Hell, etc. American lifestyle of sustaining everything on "credit", not even thinking about the future when there'll be time to PAY UP all our debts. China on the other hand looking to invest what could happen in the future, change lifestyles, business styles, etc to accommodate for rainy days. Making win-win governmental infrastructure investments in Europe and Africa, making huge investments there for their economic future down the road. And these countries want to deal with China as business partner in the future. Maybe that's difference between a country that's survived for over 5000 years vs a young country that only existed less than 300 years.
Anyway, what will happen when countries all over the world start dumping the U.S.Treasury bonds back for payment and U.S.needs to pay up, or give away our economic power as world international trade currency? That's what's been happening now, last year many country in world like China (holding 100s of billions in U.S.bonds) dumping U.S.petrol backed currency, bonds. The world as whole see U.S. on decline as world economic power. U.S. Government starting to panic and taking hardline approach to China lately because they actually knows the "living on credit" party's coming to an end. I bet you there really NO security concerns of Huawei phones, Google been spying same surveillance on us & those around world, if anyone remembers how European nations got together legally complained back in May last year against Google about leaked privacy. U.S.also meddling with Venezuela and Iran to keep economy afloat thru their "war machine" tactics. That's because wars make U.S.economy boom. You all know U.S.was the biggest economic winner in WW1&2 right? Weren't involved in the front lines into the end but was biggest producers of weapons etc.made lots of profit as a country. We're fighting regime change in Venezuela and want war on Iran declaring their state military as "terrorist" organization for same reasons to keep petrol-backed dollar afloat to keep status as world economic currency (and keep Saudis happy as exchange). U.S. Government IS in bad shape right now if they can't any longer completely "hide" behind "democracy" lingo and starting to play hard line with big countries like Iran & China, resorting to bullying tactics to shove nothing-but-debt-backed U.S.dollars down the world's throat as International currency of exchange still. I FEEL BIG TROUBLE BREWING AHEAD IN THE WORLD IF THIS KEEPS UP TOO LONG.... 😒😡
KL CHAI
UNDER A WELL KNOWN SHAMELESS
PRESIDENT, US GOVERNMENT IS CURRENTLY, UNPRECEDENTEDLY TAKING OFF ALL THEIR
CLOTHES, SHOWING THEIR UGLY BARE BODIES TO THE WHOLE WORLD, EVEN A CHILD OR AN
IQ ZERO PERSON KNOWS EASILY HOW EVIL THIS PEOPLE ARE, SOME MORE, THEY STILL
THINK THAT THEY ARE DOING SOMETHING ULTRA HONORABLE, UNFORTUNATELY, THEY WILL
SURE LOSE, JUST BECAUSE THEIR OPPONENT IS NONE OTHER BUT CHINESE, BESIDES
OVERALL TECHNOLOGICALLY LAG BEHIND US, NONE OF OTHER THING US IS BETTER THAN
CHINESE, SUCH AS PERSONALITY, CULTURE WHICH INCLUDE MEDICINE, MUSIC,
LITERATURE, DRAWING, EMBROIDERY, CERAMICS, BUILDING, IQ, POPULATION, HISTORY,
WELL KNOWN INVENTION IN THE OLD TIME, HARDWORKING, POLITICAL SYSTEM, IDEOLOGY
ETC ETC, CHINESE IS MUCH MORE ADVANCE THAN US, SO WE CAN CONCLUDE, US WILL SURE
LOSE, NOT ONLY LOSE TO CHINESE, BECAUSE OF ALL THESE SHAMELESS BEHAVIORS, US
WILL FALL EVEN FASTER THAN EVER, TRUMP IS NOT A SAVIOR OF USA, JUST OPPOSITE,
HE IS THE EVIL NOT ONLY CAN'T MAKE USA GREAT AGAIN, BUT LEADS USA TO HELL AND
FALL DOWN TO THE BOTTOM AND THERE WILL BE NO CHANCE FOR USA TO WAKE UP SOME
MORE, CHINA----WILL LEAD THE WHOLE WORLD JUST BECAUSE THEIR IDEOLOGICAL BASIS
IS BASED ON THE INTERESTS OF ALL HUMAN BEING RATHER THAN THEIR OWN COUNTRY AND PEOPLE
LIKE USA AND UK PRACTICED IN THE PASS CENTURIES.
solomon king
This guy is out of touch maybe maybe Weds some reeducation
Paopaowell Pao
in chinese word said the good show always in behind just wait and see hong meng huawei home grow os is coming up very soon
Kuroda Yuto
trump 2020 fuck demo
Grace
This guy clearly has a vested interest in China. What a traitor
Ho Yoon Fatt
China steal technologies ...but why U. S companies can not protect itself? China force technologies transfer... Why a much weaker nation can do to a Great US firms? I guessed a willing seller buyer sort.
Peter Love
That was so understandable thanks professor roach
何智
1. Factories are not so easy to move between countries, even if they decide to move, it always takes years. The larger, the longer.
2. some of the costs(especially labor) in America is way higher than in China, and all costs (including tariffs) will eventually go to retail price.
3. History has proven that tariffs will benefit NEITHER American economy NOR American consumers. Look into what happended after The Smoot-Hawley Tariff Act and you know what will happen next.
4. Prices of non-tariffed products will go up with tariffed products. Unreasonable but true!
5. There are just so many parts in almost every ordinary product that are made in China that you cannot easily escape the effect of tariffs.
6. THERE SHOULD BE NO MISUNDERSTANDING THAT U.S CONSUMERS PAY FOR TARIFFS ON PRODUCTS THAT ARE IMPORTED. IT'S AN UNAVOIDABLE FACT!
7. Happy enjoying your tariffs. It's your support in Trump that has made this catastrophe come true.
Dennis Nelson
Unfortunately these are the same men who got us here? Right? Let's do like they say again? Hunger Games is real. Sure Corporate Democrats an save rhe Union?
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China hits back in trade Yale's Roach Sees U.S. 2 days ago   09:20

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China has hit back against the US as the trade war between the world's largest economies escalates. (Subscribe: https://bit.ly/C4_News_Subscribe)

Donald Trump had warned China not to retaliate after he doubled tariffs on Chinese goods worth $200 billion on Friday. US-produced meat, fruit juice and beer are among items now likely to jump in price for Chinese consumers.

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