Cramer on Trump’s Tariffs: “China is So Ready for the US it’s Embarrassing

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This is what happens when you elect a president who doesn’t know a damn thing but thinks he does. All of this president’s advisers pleaded with him not to enact the tariffs. Dumbfuck listens to no one.


China's response to President Donald Trump's tariffs was so swift that it was actually quite embarrassing for the United States, according to CNBC's Jim Cramer.

Earlier Friday, China announced plans for reciprocal tariffs on 128 U.S. products, including pork, wine, fruit and steel. It came a day after Trump's announcement of tariffs on up to $60 billion in Chinese imports.

Chinese President Xi Jinping "had a list that was so ready of what they're blocking," Cramer said on "Squawk on the Street" Friday. "They are so ready for what we do, it's embarrassing."


"Do you think that [China] has not figured this stuff out," asked Cramer. "They've got a game plan."

Cramer on Trump's China tariffs: Beijing is so ready for the US 'it's embarrassing'
 
So if tariffs don’t work, then why is China doing it?

China loses in any trade war, they are far more dependent on our willingness to buy their crap.
 
This is what happens when you elect a president who doesn’t know a damn thing but thinks he does. All of this president’s advisers pleaded with him not to enact the tariffs. Dumbfuck listens to no one.


China's response to President Donald Trump's tariffs was so swift that it was actually quite embarrassing for the United States, according to CNBC's Jim Cramer.

Earlier Friday, China announced plans for reciprocal tariffs on 128 U.S. products, including pork, wine, fruit and steel. It came a day after Trump's announcement of tariffs on up to $60 billion in Chinese imports.

Chinese President Xi Jinping "had a list that was so ready of what they're blocking," Cramer said on "Squawk on the Street" Friday. "They are so ready for what we do, it's embarrassing."


"Do you think that [China] has not figured this stuff out," asked Cramer. "They've got a game plan."

Cramer on Trump's China tariffs: Beijing is so ready for the US 'it's embarrassing'
and the good news is china is targeting red states and undecided ones Maybe drumph will change his mind once he hears the squeals of those who voted for him
 
So if tariffs don’t work, then why is China doing it?

China loses in any trade war, they are far more dependent on our willingness to buy their crap.

All we need to do is make deals with other countries waiting for our business....we lose nothing but liberals can't understand that
 
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  • #5
So if tariffs don’t work, then why is China doing it?

China loses in any trade war, they are far more dependent on our willingness to buy their crap.
China is already kicking our ass.
Trump doesn’t read. Doesn’t understand history.
Has no idea Hoover’s tariffs helped cause the Great Depression.
I see you have no response to those who know 1000 times more than Trump begged him not to do it.
But you’re good. You blindly defended the indefensible which is your cult’s duty.
 
  • Thread starter
  • Banned
  • #7
So if tariffs don’t work, then why is China doing it?

China loses in any trade war, they are far more dependent on our willingness to buy their crap.

All we need to do is make deals with other countries waiting for our business....we lose nothing but liberals can't understand that
Simplistic thinking to back up a simpleminded President. What you do best..
On one side we have
1. Economics 101
2. best economists in the country
3. All of Trump’s advisers
4. History
On the other side is the know nothing president who says,” I alone can fix it.”

DEPLORABLES were never known for their common sense.
 
So if tariffs don’t work, then why is China doing it?

China loses in any trade war, they are far more dependent on our willingness to buy their crap.

All we need to do is make deals with other countries waiting for our business....we lose nothing but liberals can't understand that
In a two-week span, U.S. President Donald Trump ordered up an array of tariffs against numerous countries, blocked Chinese takeovers of U.S. companies and sought new restrictions on future Chinese investment. Economists are warning that the world is on the verge of an all-out trade war, featuring tit-for-tat reprisals, heated rhetoric and appeals to the World Trade Organization, which may be ill-equipped to respond. If Trump’s trade provocations mushroom out of control, dozens of border-opening trade deals negotiated over several decades could be shoved aside. The prospect of slower economic growth has stock markets worldwide reeling.



1. What is a trade war?
The dictionary says it’s “an economic conflict in which countries impose import restrictions on each other in order to harm each other’s trade.” Trump’s tariffs and the threatened retaliation from other countries meet this definition, but so do centuries of protectionist skirmishes by numerous countries in countless sectors. The recent escalation is stoking fears that Trump has touched off a full-blown trade war by singling out of China for retaliation for intellectual property theft. The quid-pro-quo actions by the U.S. and China over steel tariffs, Trump’s invocation of national security to justify some of his moves -- which could open a Pandora’s Box of similar claims by other nations -- and Trump’s threat to further punish the EU if it imposes counter-duties also add to the trade-war atmospherics.



2. What happened in previous trade wars?
One of the most notorious examples is the Smoot-Hawley Act passed by Congress in 1930 and often blamed for deepening the Great Depression. The law hiked U.S. tariffs by an average of 20 percent, initially to protect American farmers but then broadened as other industries lobbied for protections. As demand collapsed, countries scrambled to maintain their gold reserves by devaluing their currencies or imposing even more trade barriers. Global trade fell off a cliff.



3. Who wins in trade wars?
No one, if history is any guide. When President George W. Bush raised steel tariffs in 2002, U.S. gross domestic product declined by $30.4 million, according to the U.S. International Trade Commission. The U.S. lost about 200,000 jobs, about 13,000 of which were in raw steel-making, by one estimate. A report by the pro-free trade Peterson Institute for International Economics estimated that Bush’s tariffs cost about $400,000 for every steel-industry job saved. The World Trade Organization also ruled that the Bush tariffs were illegal.



4. What has Trump done so far?
He’s imposing tariffs on up to $60 billion of as-yet unspecified products imported from China in retaliation for what he calls decades of intellectual property theft. He imposed tariffs of 25 percent and 10 percent, respectively, on steel and aluminum imports, which prompted China to say it could hit back with tariffs of its own. While he temporarily exempted allies, including the European Union, from the metals tariffs, he expects them to grant concessions to the U.S. to maintain the exemption.

5. Why did Trump invite this fight?
In a March 2 Twitter post, he declared trade wars “good, and easy to win.” His focus remains reducing the U.S. trade deficit, which shows the country imports hundreds of billions of dollars more than it exports. Stepping back from trade deals like the North American Free Trade Agreement and the Trans-Pacific Partnership also appeals to Trump’s base of voters in America’s Rust Belt. But talk of a trade war is alarming to many U.S. business leaders, who largely support existing trade deals, and the securities markets, which fear lower profits and slower economic growth if the U.S. turns protectionist and other countries retaliate.

6. Who has retaliated?
So far, China said it would hit $3 billion of U.S. wine, fruit, steel pipe and other exports with tariffs. The bigger worry for the U.S. is that China, the U.S.’s biggest creditor, will scale back purchases of Treasuries in retaliation. China’s ambassador to the U.S. doesn’t rule out the option. Other countries haven’t retaliated for the steel and aluminum tariffs, which took effect March 23, largely because Trump temporarily exempted many of them. Still, the EU is unhappy and warned it will respond with its own 25 percent tariffs on $3.5 billion of American goods, particularly iconic U.S. brands produced in states that are part of Trump’s political base. The list includes motorcycles, blue jeans and bourbon whiskey. In turn, Trump warned that he would impose a 25 percent penalty on European car imports if the EU carried out its threat.

7. When does the WTO get involved?
The U.S. took the first step on March 23, filing a "request for consultations" with China at the WTO on technology licensing. China also notified the WTO how it could respond to the steel tariffs with levies of its own. But retaliatory actions that unfold quickly can test the WTO’s somewhat ponderous deliberative process. The arbiter of international trade disputes was born in 1995 out of a set of agreements struck by countries trying to reduce trade barriers. If a government’s complaint about another nation’s trade barriers is seen as grounded, the WTO recommends acceptable retaliation. In the case of steel, Trump is invoking a seldom-used clause of a 1962 U.S. law that gives him the authority to curb imports if they undermine national security. Under WTO rules, countries can take trade actions to protect “essential security interests.” Other nations could challenge the validity of the U.S. use of that clause. They also could copy the U.S. move by citing national security to block imports themselves.
 
Maybe Jim Cramer should be running for office instead of shilling for CNBC. Who cares what Cramer thinks?
He doesn’t “ shill “ for CNBC. He works for them and his opinion is very similar to the best financial minds this country has, of course Trump not being one of them.

But you should feel proud you did your duty for your cult leader for the day..
 
Maybe Jim Cramer should be running for office instead of shilling for CNBC. Who cares what Cramer thinks?
Larry Kudlow of CNBC just got named by Trump as his #1 economic guru. Don't they both have or had pretty much the same jobs on CNBC?
 
Maybe Jim Cramer should be running for office instead of shilling for CNBC. Who cares what Cramer thinks?
Larry Kudlow of CNBC just got named by Trump as his #1 economic guru. Don't they both have or had pretty much the same jobs on CNBC?
Kudlow is on Fox and has a long history of always being wrong.
Trump: you're hired.
 
Maybe Jim Cramer should be running for office instead of shilling for CNBC. Who cares what Cramer thinks?
He doesn’t “ shill “ for CNBC. He works for them and his opinion is very similar to the best financial minds this country has, of course Trump not being one of them.

But you should feel proud you did your duty for your cult leader for the day..
speaking of trump ,,where is he today on a day millions of new voters are marching against the nra and gun violence... Is the coward playing golf?
 
Maybe Jim Cramer should be running for office instead of shilling for CNBC. Who cares what Cramer thinks?
He doesn’t “ shill “ for CNBC. He works for them and his opinion is very similar to the best financial minds this country has, of course Trump not being one of them.

But you should feel proud you did your duty for your cult leader for the day..
we know trump gets his talking points from faux
 
Maybe Jim Cramer should be running for office instead of shilling for CNBC. Who cares what Cramer thinks?
He doesn’t “ shill “ for CNBC. He works for them and his opinion is very similar to the best financial minds this country has, of course Trump not being one of them.

But you should feel proud you did your duty for your cult leader for the day..
speaking of trump ,,where is he today on a day millions of new voters are marching against the nra and gun violence... Is the coward playing golf?
He's getting a colonic in preparation for tomorrow's 60 Mins interview with Stormy.
 
This is what happens when you elect a president who doesn’t know a damn thing but thinks he does. All of this president’s advisers pleaded with him not to enact the tariffs. Dumbfuck listens to no one.


China's response to President Donald Trump's tariffs was so swift that it was actually quite embarrassing for the United States, according to CNBC's Jim Cramer.

Earlier Friday, China announced plans for reciprocal tariffs on 128 U.S. products, including pork, wine, fruit and steel. It came a day after Trump's announcement of tariffs on up to $60 billion in Chinese imports.

Chinese President Xi Jinping "had a list that was so ready of what they're blocking," Cramer said on "Squawk on the Street" Friday. "They are so ready for what we do, it's embarrassing."


"Do you think that [China] has not figured this stuff out," asked Cramer. "They've got a game plan."

Cramer on Trump's China tariffs: Beijing is so ready for the US 'it's embarrassing'


You mean this Jim Cramer?
Bam! Jim Cramer Gets It Wrong » The Stacking Benjamins Network
 
So if tariffs don’t work, then why is China doing it?

Because they're communist fuck heads and we shouldn't be like them.

The EU uses them too. In fact African, Asian, Islamic, and Latin American countries use them too.

The US always used tarifffs since the revolutionary war until after WWII. The only reason we dropped them after WWII was because the economy of every other country was destroyed at that time.

Since then all those economies have rebuilt and recovered, yet we’re still stuck in policies from the era of the US being the only major economic power.
 

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