{"id":178393,"date":"2018-12-12T20:04:00","date_gmt":"2018-12-13T01:04:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/12\/12\/did-china-just-blink\/"},"modified":"2018-12-12T20:04:00","modified_gmt":"2018-12-13T01:04:00","slug":"did-china-just-blink","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/12\/12\/did-china-just-blink\/","title":{"rendered":"Did China Just Blink?"},"content":{"rendered":"<p>With all the gloom and doom about the upcoming trade war with China, the fact that <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-12-11\/china-is-said-to-move-on-u-s-car-tariff-cut-trump-tweeted-about\">China has cut tariffs on US autos<\/a>.<\/p>\n<p>This does seem to be a bit of a climb-down on their side.<\/p>\n<blockquote><p><span style=\"color: blue;\">Progress toward easing the steep tariffs China imposed on U.S. vehicle imports this year lifted carmaker stocks across the globe, as investors wagered on a thawing of tensions that have damaged the world\u2019s biggest automotive market.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Toyota Motor Corp. and Hyundai Motor Co. tracked earlier gains for Daimler AG, General Motors Co. and Tesla Inc. after Bloomberg News reported that a proposal to eliminate the 25 percent surcharge slapped onto U.S.-made cars this year has been submitted to China\u2019s cabinet. The plan would be reviewed in coming days, people familiar with the matter said.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">The levy forms the backbone of China\u2019s response to a trade war instigated by President Donald Trump as he seeks to reset trade relations and spur manufacturing in the U.S. Car sales in China have fallen for six straight months after decades of almost uninterrupted growth, and while there are other factors, the tit-for-tat jabs between the world\u2019s biggest economies have played a role.<\/span><\/p><\/blockquote>\n<p>As <a href=\"https:\/\/www.nakedcapitalism.com\/2018\/12\/links-12-12-18-2.html\">Yves Smith observes<\/a>, &#8220;Um, this does not look like Trump is losing the trade war.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With all the gloom and doom about the upcoming trade war with China, the fact that China has cut tariffs on US autos. This does seem to be a bit of a climb-down on their side. Progress toward easing the steep tariffs China imposed on U.S. vehicle imports this year lifted carmaker stocks across the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[817],"class_list":["post-178393","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178393"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=178393"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178393\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=178393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=178393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=178393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}