<story><title>Canada Is Preparing Steel Quotas, Tariffs on China and Others</title><url>https://www.bloomberg.com/news/articles/2018-06-26/canada-said-to-prepare-steel-quotas-tariffs-on-china-others</url></story><parent_chain><item><author>Simulacra</author><text> Fascinating. I&amp;#x27;ve always wanted something to be done about China&amp;#x27;s trade abuses, particularly dumping, but also the human rights issues.  I really don&amp;#x27;t know enough about trading tariffs but I am very curious: do these tariffs have any chance of improving China&amp;#x27;s behavior?</text></item></parent_chain><comment><author>gotdangloch</author><text>Xi Jing Ping is running scared. The stock market has fallen 25% this year. Yuan has fallen 10%. There&amp;#x27;s a 400 billion tariff coming his way, and because of &amp;#x27;saving face&amp;#x27;, there&amp;#x27;s no way he will back down. He has to also unwind China&amp;#x27;s 12-18T shadow banking, China&amp;#x27;s version of subprime loans similar to 2008 crisis (but way bigger). He has to figure out how to steal IP to move up the chain when US and the rest of the world has upped their defense, restricting Chinese tech investments and resisting hacking attempts. He also needs to deal with the tariffs encouraging manufacturers to leave China and go to southeast asia or back home via reshoring or automation. There is also the matter of a lack of consumer market in China, after it gets shut out of US and europe. Not much Chinese consumers can buy after $800&amp;#x2F;month income, after paying most of it to mortgage and inflated food prices.&lt;p&gt;He also has to prop up the real estate bubble:&lt;p&gt;&amp;quot;price rose 31 percent to nearly $202 per square foot. That&amp;#x27;s 38 percent higher than the median price per square foot in the U.S., where per-capita income is more than 700 percent higher than in China.&amp;quot; &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;view&amp;#x2F;articles&amp;#x2F;2018-06-24&amp;#x2F;why-china-can-t-fix-its-housing-bubble&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;view&amp;#x2F;articles&amp;#x2F;2018-06-24&amp;#x2F;why-china...&lt;/a&gt;</text></comment>
<story><title>Canada Is Preparing Steel Quotas, Tariffs on China and Others</title><url>https://www.bloomberg.com/news/articles/2018-06-26/canada-said-to-prepare-steel-quotas-tariffs-on-china-others</url></story><parent_chain><item><author>Simulacra</author><text> Fascinating. I&amp;#x27;ve always wanted something to be done about China&amp;#x27;s trade abuses, particularly dumping, but also the human rights issues.  I really don&amp;#x27;t know enough about trading tariffs but I am very curious: do these tariffs have any chance of improving China&amp;#x27;s behavior?</text></item></parent_chain><comment><author>hrktb</author><text>Arm chair economist here as well. Historically trade abuses are resolved throught the WTO.&lt;p&gt;That&amp;#x27;s what happened when the US had a dispute with Brazil over cotton tarifs protection [0], or countless other trade disputes countries have with each other. Even recently there was a chicken dispute case with China [1].&lt;p&gt;That&amp;#x27;s not perfect in any way, and that&amp;#x27;s crazy slow, but doesn&amp;#x27;t seems worse than playing chicken run through twitter announcements. If the point was really to do something about China&amp;#x27;s trading behavior, I think it would be done through the WTO, and in particular it would need more buying from the other main countries.&lt;p&gt;[0] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Brazil–United_States_cotton_dispute&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Brazil–United_States_cotton_di...&lt;/a&gt;&lt;p&gt;[1]&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.reuters.com&amp;#x2F;article&amp;#x2F;us-usa-china-wto-chicken&amp;#x2F;united-states-wins-wto-chicken-ruling-against-china-idUSKBN1F722C&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.reuters.com&amp;#x2F;article&amp;#x2F;us-usa-china-wto-chicken&amp;#x2F;uni...&lt;/a&gt;</text></comment>