“When you are weak, appear strong. When you are strong appear weak”
President Trump is running a masterclass in dealmaking and the left are praying the Chinese will win. Won’t happen!
Trump is turning country into socialism one subsidy at a time
aoc would be proud
Lol, I don’t think the Frisians of the world have an inkling of the economic relationship with China and couldn’t point out Henan from Shandong on a map. There’s a reason for all their differences Pelosi and Schumer are openly backing Trump on this after years of sincere but failed attempts using every other mechanism available to us to get fair business in China. This is a battle for long term, structural change in the trade relationship (to compete on equal terms in China) that is having short term pain. Anybody who hasn’t worked themselves in an estrogen fueled frenzy over the orange man could see this. Partisanship aside, this is a one time shot and if we blink we’ll be reaping the negative consequences for decades under the status quo, I don’t think we’ll get to this place again and negotiating in good faith has failed every administration in turn since Clinton.
Schumer Tweet:
@SenSchumerHang tough on China, President @realDonaldTrump. Don’t back down. Strength is the only way to win with China.
You’re projecting here – Trump doesn’t have an understanding on the historical trade relationship between the US and China, nor on how trade works between countries. Trump doesn’t understand who pays for the tariffs and why they’ll eventually be pushed onto the consumer. Trump can’t explain the difference between a current account and a capital account, probably can’t name where the WTO is located or what the current issues facing the WTO are. Hell, I’d be surprised if he could identify Xi from some random old-ish Chinese dude grabbed off of the street and thrown into a suit. Trump got it into his head something straightforward and simple - China is taking advantage of the United States and that tariffs are the way to do it. There’s no more depth than that. You’re right, China is a problem and needs to come in line with international expectations. That they’re no longer a freshly developing country and need to stop stealing IP and subsidizing massive corporations.
But don’t start drinking the Maga kool-aid just because Trump fell ass-backwards into a reasonable position.
when china and britain had a trade war. the british won! look up opium! ahahaha
Honestly, you’re making a ton of assumptions that you don’t know factually. You’re actually the one projecting.
I never assumed Trump had any sort of heightened intelligence on the topic. He may for all intensive purposes be an idiot or he may know more than he lets on. For someone so clueless, he has a manner of pulling off improbable wins and holding is ground with China. In any case, I’m perfectly fine with that in this situation because even if just by coincidence, I think he has made all the right moves with China. I’d rather not have the Euro fight right now and NAFTA could have been handled better but on the big one, I’m fully on board. My view is that if we can just get this one important thing right under this administration, I’ll be happy to watch it sail off into the sunset for someone less annoying to everybody.
I know Schumer and Pelosi are probably not idiots and there’s a wide array of people with a history doing business selling into China that all tell the same story. I grew up in a family business that’s been on the ground selling into China since the 80’s and have been on those trips.
Ultimately that doesn’t change what I said above, which I definitely strongly believe. Ideally we could have a better person I guess, but we’ve demonstrated the negotiations approach will not work. I think that if Clinton, Bush and Obama could not pull it off with any success, then we need a new track. Instead, this is the person we have for the coercive approach and he may not be ideal but right now we’re in a pretty decent spot and if we blink, I don’t think we’ll have another good opportunity.
I think it takes a lot for Schumer or Pelosi to publicly back Trump. I keep bringing it up, because I think if you read between those lines, you can arrive at the same conclusion that they see this the same way, with the same risks if we fail.
I guess I assumed that by you posting a picture of him like someone would do of Jesus, that you had some sort of positive feelings towards him or ‘faith’ in his ability. Idk, now I don’t know what i’m supposed to take away from your God picture.
I think they’re funny. It’s a meme. I do have positive feelings towards his approach to trade with China.
So fortunate to have a leader with a business acumen that can only be recognized by the great financial minds of our time!
Glad we have Trump leading these trade talks and not Crooked H, she’s sell out the country and the media would back her 100%, sad!
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from a graph i saw. it looks like 10% tariffs have had no dramatic effect on chinese imports when comapred to the last 5 yrs. so in that regard. it was paid solely by us consumers. so it hasnt had the desired effect he wanted. imo doesnt really matter. if idiots want to keep supporting china, our biggest competitor, then tehy should do so while helping the us fix its deficit. the incentive principal will prolly have a more dramatic effect now that we have higehr tariifs.
People don’t really understand this (not surprising). It’s not about making China pay some nominal amount (contrary to what Trump says). The tariffs still have the desired effect. Anybody in research covering either consumer or industrials/materials has heard the litany of management teams repositioning supply chains in response to this. The structural shift was already underway because the rise of Chinese labor costs (middle class) has changed the economics to either supporting peripheral Asian supply markets (Phillipines, Vietnam, etc) or near sourcing to Mexico/LatAm. The shift has been well documented and visible and is now accelerating with a lot of teams treating this as a wake up. This is accelerating the structural move that will have long term detrimental impacts to China. You don’t have to look far to see the volatility and the amount of government support amidst flagging private sector FAI these past few years. Hence the increasing support from a lot of the better economic minds for this policy. Consumers may be bearing the cost, but it definitely encourages a supply chain shift in the process.
To Nerdy’s point, if you want to support our rival, ok fine, pay the tax.
Unsurprising the Orange Man Bad’s of the world think that headline means anything.