How in hell didn't this man get reelected.
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The Chinese beat him at his own game.
Nonsense....you really should do as I told you....stick to comedy and let the big boys handle the serious stuff.
Irregardless.....'President Trump’s goal was to renegotiate the unfair trade agreements so that they encouraged free as well as fair trade. Fair meant that if countries charged a tariff, then the tariff should be the same whether importing or exporting.
But all of the trading partners did not want to renegotiate. Trump, being a business person and not a politician, knew that when negotiations are required and the partner is unwilling to negotiate, a sense of urgency must be created. Even though every conservative economist objected to large tariffs, Trump imposed punishing tariffs on our trading partners.
The purpose of the tariffs, in the short term, was to bring the partners to the negotiating table. In the long term, the goal was to have new trade agreements that were truly fair to both sides.
China was extremely reluctant to change the very favorable to China, trade deal. Trump imposed punishing tariffs. American critics warned Trump that we need China, which produces hundreds of billions of dollars of goods that are sent to the U.S. American citizens purchase many consumer goods at much lower prices because they are made in China. Critics also warned that China will retaliate by imposing tariffs on U.S. goods sold in China thereby harming American manufacturers.
Trump stood firm even with all Democrats, nearly the entire media, many conservative economists, and even some of his closest advisors saying the tariffs would be a disaster for the U.S. economy.
Exactly the opposite occurred. Trump realized that China needed us more than we needed them, putting the U.S. in a strong position. However, complicating a deal with China was their refusal to honor intellectual property rights, the closure of Chinese financial markets to U.S. firms, technology transfer issues and the sharing of innovation.
Even with those issues, a new deal was reached because the tariffs placed on Chinese goods
crippled the Chinese economy. Their very strong growth rate was cut in half. When they retaliated by placing tariffs on U.S. agricultural products, the cost of food increased for Chinese citizens. Since workers are mostly very low paid (that’s why U.S. companies manufacture in China), the higher food cost created burdens for the average Chinese citizen.
Although many criticize his tactics and cringe when they read his tweets, no one can argue with his results. Trump placed the interests of the country above all else. He won the trade war as U.S. consumers, workers and taxpayers all came out ahead'.
But then along came the Chinese Virus..........which was what destroyed our economy....now some very knowledgable people say that China intentionally released the virus.....if that is true then one can say that China beat us.
COVID-19 has caused an economic shock three times worse than the 2008 financial crisis - but the worst is probably behind us, according to Nariman Behravesh.
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