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jmg257

(11,996 posts)

7. We buy $482 Billion dollars of Chinese goods - why would they do that?

Reply to DemocratSinceBirth (Original post)

Tue Dec 6, 2016, 10:07 AM

Dec 2016

I guess they could always take over all those US owned factories we have over there.

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How badly would it roil the markets if China recalls their ambassador and closes their embassy here [View all] DemocratSinceBirth Dec 2016 OP

Or, if Trump really pisses them off... JaneQPublic Dec 2016 #1

Loans have call dates. I don't think they can be arbitrarily called in. DemocratSinceBirth Dec 2016 #2

That's good to know. JaneQPublic Dec 2016 #8

They could however dump all the bonds they own on the open market GummyBearz Dec 2016 #24

They could dump though n/t TubbersUK Dec 2016 #29

Please explain to me how that would work? DemocratSinceBirth Dec 2016 #30

Sufficient political tension and/or US economic factors TubbersUK Dec 2016 #48

China is not going to stop buying or rolling over the US Bonds that it holds. Sam1 Dec 2016 #64

Would Walmart go out of business? world wide wally Dec 2016 #3

Without Chinese goods many retail stores would go out of business. DemocratSinceBirth Dec 2016 #5

Financial armageddon I would say. In fairness that's just an indication they they are very upset el_bryanto Dec 2016 #4

Pretty bad, but it's not like China can kick us to the curb Calista241 Dec 2016 #6

China has other means of financial retaliation. DetlefK Dec 2016 #9

People will still buy less Chinese goods, which threatens their own economy. Calista241 Dec 2016 #12

You think, people would stop buying cheap crap? DetlefK Dec 2016 #20

You can't call in a treasury bond GummyBearz Dec 2016 #26

How would it hurt us if they dumped our bonds. We still don't have to pay until the call date. DemocratSinceBirth Dec 2016 #31

If they were to dump all our bonds it would flood the market... GummyBearz Dec 2016 #34

Thank you. That makes sense. DemocratSinceBirth Dec 2016 #36

Another thing on this topic... GummyBearz Dec 2016 #49

China also holds some of Trump's loans. DemocratSinceBirth Dec 2016 #13

"Give us $100 billion." dumbcat Dec 2016 #38

Thanks, Dumbcat! ProfessorGAC Dec 2016 #54

China cannot say "Give us $100 billion." hack89 Dec 2016 #40

We buy $482 Billion dollars of Chinese goods - why would they do that? jmg257 Dec 2016 #7

There are no US-owned factories over there. China only allows joint ventures for foreign investors. DetlefK Dec 2016 #10

Ah - thanks! jmg257 Dec 2016 #17

They own 51% of such factories Demsrule86 Dec 2016 #41

Precisely Sherman A1 Dec 2016 #16

China is used to privation. We aren't DemocratSinceBirth Dec 2016 #19

well, then the donald-elect could stop making payments on his chinese loans spanone Dec 2016 #11

What if the financial world hears that the new US-policy is to not pay debts? DetlefK Dec 2016 #22

The trump administration is playing a very dangerous game. They are interferring with still_one Dec 2016 #14

The strategic ambiguity of the One China policy has kept the peace for nearly fifty years. DemocratSinceBirth Dec 2016 #15

I understand that, not unlike Hong Kong, but if they continue to push China using still_one Dec 2016 #23

I am sympathetic to the Taiwanese position but not to the point of going to war to defend it. DemocratSinceBirth Dec 2016 #27

I agree still_one Dec 2016 #28

It would end the Walmart Empire randr Dec 2016 #18

Exactly Johonny Dec 2016 #37

It would end a lot more than the Wal Mart empire. It would end a lot of retail DemocratSinceBirth Dec 2016 #42

We should manufacture those things though. Demsrule86 Dec 2016 #44

You would have to give working class Americans huge raises to afford them. DemocratSinceBirth Dec 2016 #45

Probably very bad, but it could be bad for China too treestar Dec 2016 #21

US markets would crash for starters. beachbum bob Dec 2016 #25

IF we make it through heaven05 Dec 2016 #32

Worry when the Chinese start calling in the debt malaise Dec 2016 #33

there will be no way heaven05 Dec 2016 #35

+1,000 malaise Dec 2016 #50

Don't worry he already said he'd repay them "less" than we owe. Say 5 cents on the dollar Johonny Dec 2016 #39

And that is my worry malaise Dec 2016 #52

They can't just start "calling in the debt". hack89 Dec 2016 #43

We know but when one side changes the terms hell breaks lose n/t malaise Dec 2016 #51

No terms were broken hack89 Dec 2016 #55

Yet malaise Dec 2016 #56

How exactly did he do that? hack89 Dec 2016 #57

I wish people would learn how bonds and debt work before spouting off about "calling debt" Dreamer Tatum Dec 2016 #46

It will be bad enough for our economy as China takes over the new Asian-Pacific trade that will Sunlei Dec 2016 #47

It would signal the start of a trade war, not good Warpy Dec 2016 #53

The Chinese own us. Someone should remind ManBaby. Vinca Dec 2016 #58

An economic war would hurt both of us. DemocratSinceBirth Dec 2016 #59

So China gets to tell U.S. Presidents (or President-Elects) former9thward Dec 2016 #60

Should the Chinese government open up lines of communication DemocratSinceBirth Dec 2016 #61

The separatists you refer to do not hold state power. former9thward Dec 2016 #62

We fought a civil war that killed 600,000 Americans to resist southern secession. DemocratSinceBirth Dec 2016 #63