Are you reading what I posted or you are just staring at it?
So let me repeat it again for you.
Explain why hundreds of major companies are blasting Trump dumb trade wars.
Explain why there are no single well known or unknown economist support this orange clown.... except people like you.
Since when Americans stop buying cheap Chinese products? Are you going to close Walmart your favorite store?
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"Explain why hundreds of major companies are blasting Trump dumb trade wars. "
Because they are looking at the short term impact on their bottom line for the upcoming quarter. This is long term
Where and when these companies said that?
What is the long term goal of achievement?
Please explain. I’m waiting
Cellblock ........ I’m still waiting. Or you just keep blabbing like your homey bear here that doesn’t know what he is talking about.
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Trump's Trade Wars — The End Game
So what is Trump’s game plan? What is the end state he is looking for? “Free trade” and a policy that puts America first or, at the very least, on a level playing field.
To be blunt, this is President Trump doing what Trump does best. For anyone who has read Trump’s book “
The Art of the Deal,” you know that Trump always starts negotiations from a “strong” position and “forces” people to the negotiation table. And his current approach to trade is pretty much par for the course.
Recently, Trump imposed tariffs on many of our trade partners in direct response to the unfair trade practices with which the American taxpayer has been burdened for decades. Of course, we now know that this triggered a run of retaliatory actions by these same trade partners.
If you recall, last week I wrote an
article about the current “trade war” between the US and China. It would now appear that this war has spilled over into Europe and Canada. So what gives? To be blunt, this is President Trump doing what Trump does best. For anyone who has read Trump’s book “
The Art of the Deal,” you know that Trump always starts negotiations from a “strong” position and “forces” people to the negotiation table. And his current approach to trade is pretty much par for the course.
Recently, Trump imposed tariffs on many of our trade partners in direct response to the unfair trade practices with which the American taxpayer has been burdened for decades. Of course, we now know that this triggered a run of retaliatory actions by these same trade partners. For example, his aluminum and steel tariff policies triggered retaliatory tariffs from Canada and the European Union.
But of course, that did not stop Trump. During the first week of July, Trump imposed new tariffs on China. This new tariff assesses more than $30 billion on Chinese electronic equipment and consumer goods. And of course, China is now threatening to retaliate. This all went exactly like I said it would in the aforementioned article.
But here is the interesting twist to the story…and I am stunned (sarcasm) that there is little to no opposition by liberals about this obvious and blatant attempt by China to manipulate and meddle in our elections. Let me explain.
China is implementing a “tit-for-tat” retaliatory trade tariff policy. But if you look closely you will see that their sanctions are intentionally targeting those industries in Midwestern and Southern states. Why? To specifically antagonize Trump voters. They are using these tariffs as a political weapon. But of course, you hear nothing out of the left. No surprise there. The left actually seems to champion and applaud the moves by China.
China’s intent is to inflict the maximum amount of economic pain on top agricultural producers and various manufacturers in order to force Trump to rescind his tariffs and, if they’re lucky, get him to go back to the status quo.
But what they fail to realize is that this is never going to happen. First, it’s not Trump’s style to retreat. Further, there is such a huge trade imbalance affording Trump a lot more wiggle room than China. In short, it is a game China can’t win. Even if they executed
their “nuclear” option it would cause such a disruption on the world economic stage that would create more problems than resolutions.
How might this play out? First of all, Trump is going to reclaim the moral high ground and show and explain to the American people how our trading partners have been hoodwinking us for decades. According to a report from the White House Council of Economic Advisers, China’s tariffs are on average about 10 percent while our tariffs are closer to 3.5 percent, and we buy three times as much from China as they buy from us.
