On the grape vine, nothing concrete yet but that's the word, you heard it here first. This is only vaguely targeting Australia as it applies world wide Anything over 15.9 micron will be face 260% plus tarrif from developed economies. However from limited developing countries they will accept up to 19,7 microns tariffs free. China is moving up the wool stack and no longer want to process medium grade wool from foriegn countries.
I have already done my part against this shyte - 100% banned myself from purchasing anything Chinese (except takeaway , because it's actually made in Australia ......I hope). Even if I have to go without, I reckon I am probably better off since their quality is rubbish.
more like Australian banned wool, Australian made got the banned in China lol Australian rubbish export had long been banned too lol
What sort of takeaway do you eat? Real chinese food is not suitable for the western palate. It has to be trained from young. Even chinese babies when you give them chips and nuggets, they won't eat rice and pork after that. That's why we restrict eating at mcdonalds to only once a month.
Having travelled asia extensively, I know authentic Chinese food is a rare commodity here in Australia. Assuming I have a western palate, I don't agree that real Chinese food is not suited - I love it! (well, I love the flavours.... not the bats and other weird shit). I actually don't eat much Chinese takeaway here - it is dumbed down too much for the western palate. I also try and restrict my McDonald's eating to once a month.
Lol there's 100s of thousands of Australians who've been eating real Chinese food longer than you've been alive @sgbuyer.
Where do you draw the line..... ie percentages, doubt any house, car, computer, tablet/mobile, electronic tool or appliances can be built without chinese made parts?
Ditto. Specifically, not buying any groceries labeled made or grown in China. But their polluted foodstuffs are everywhere, also coming in via NZ (Made in NZ from imported ingredients).
Good. So more businesses take their factories to e.g., Vietnam, which then exports their goods to China. (I only have the y-o-y figures for January, but Vietnam's exports grew 50%+ and industrial output over 22%... and exports to China 112%.)
Put a 50% extra on cost of exported iron ore to China.They have declared war economically,give them retaliation..
There is our problem. All we have going for us is digging holes in the ground to the point where our economy would falter if it stopped. Thereby giving us no power with which to use it as leverage in such circumstances. China want it and they know we need to sell it.
I'd say they're bluffing. Brazil's production has been significantly impacted as a result of their tailings dam failures/disasters and Covid. Certain things will obviously improve once Covid is under control there, but the ban on upstream raised tailings dams will add massive ongoing costs to most of their operations. Africa has a long way to go to ramp up their iron ore production and compete with us for a number of reasons, but obviously if a few miracles happen over there.....you just never know. In any case, if China really could get it elsewhere as you say, surely they would have done so already?!
Draw the line wherever I can. Food/groceries/homewares is an easy one. Cars is easy... I'd never buy a Chinese car. Electronics becomes difficult if you include componentry.... I just wont buy Chinese brands etc.
True China is actively developing and investing vast amounts of cash access comodities from South America and Africa. But we still have thrree to five years of boom times left for common commodities like iron, alumina and copper etc before alternate supplies means we become price takers, not price makers. We really need for India to develop, potentially the rise of India and its needs for raw material coinsides with China pivot and cushions the downside.
Did you also say that for German, Japanese and Koreans brands as you grew up or the anti chinese is it extra potent because China will become the biggest economy? What of Indian products in the next 25 to 50 years, they will be number two economy surpassing USA too. In a few years lots of biggest companies will be Chinese, there is no denying that, in a free market. I remember all the hoopla about cheap crap from Korea as I was growing up. Absolutely everything cheap in the 80's was made in Korea, just like everything cheap is made in China now. If we go back further say 130 years, the cheap crap was made in America.
99% of DPRK resources are exported to them. Look how they are doing? Only 1 fat man surrounded by 20 million undernourisheds. From a strategic point of view, you want your supplier to be desperate, poor so you can depress prices and control them. It's just business tactic, no personal feelings. That's why all businesses diversify. Even the MBS wants to build nuclear power plants and export vegetables.