The trade war with China and Wall Street

China is winning the war hands down while driving the US into a recession.

 

Your solution is to simply surrender. Whether it be North Korea - "Just leave them alone and let them have their nuclear ICBMs. And actually talking to their leader is out of the question."

Or NATO - "Trump has alienated our allies." Yeah right ... by demanding that they pay for their own defense. You would just accept the status quo. In other words, let America bear the burden for their defense. "But, oh god, don't offend them!"

And on trade - "Don't fight back. Tariffs are horrible." I'll bet you would like for the next president - Republican or Democrat - to lift all tariffs on Chinese goods and, of course, just surrender to a totally unfair trade situation.

Surrender, Surrender, Surrender. This is your policy, Sandy.

Some American you are! You should be ashamed of yourself.

Cowardly and disloyal.

 

What Trump is doing is not working, Seth.

 

CNBC reports, "The Trump administration’s latest round of tariffs on Chinese imports took effect early Sunday, potentially raising prices Americans pay for some clothes, shoes, sporting goods and other consumer goods in advance of the holiday shopping season.

"The 15% taxes apply to about $112 billion of Chinese imports. All told, more than two-thirds of the consumer goods the United States imports from China now face higher taxes. The administration had largely avoided hitting consumer items in its earlier rounds of tariff hikes."

The National Retail Federation, the Consumer Technology Association, Association of Equipment Manufacturers, the Toy Association and American Petroleum Institute all urged Trump to postpone his tariffs, citing concerns about cost increases for U.S. manufacturers and farmers.

With the exception of Seth here, who refuses to deal with what Trump is doing, preferring to assail me as being un-American, those who voted for Trump will not discuss what Trump is doing. Those who voted for Trump are largely ignoring the issues on this thread and several others that are critical of Trump. Those who voted for Trump largely now ignore Trump and prefer to talk about the Democrats.

Using Seth's reasoning, the National Retail Federation, the Consumer Technology Association, Association of Equipment Manufacturers, the Toy Association and American Petroleum Institute are also un-American.

 

If Putin had managed to install a GRU agent (Russian military intelligence) in the Oval Office, said agent could not do any better at suiting Putin's interests than the current occupant of the Oval Office. Putin is quite pleased with what Trump is doing, creating chaos at he highest levels of the American government and threatening the American economy.

 

In terms of the future of the Republican Party, Trump made a very serious mistake, but he never admits a wrongdoing.

Where is the GOP leadership? Where is Mitch? Did they lose their tongues when they went on recess?

 

Yeah, Shanks, only a matter of time now till these tariffs really dampen consumer spending and, thus, slow the U.S. economy further.

Wouldn't be surprised if the market takes another hit on Tuesday now the donnie hoover's latest round of tariffs are in effect.

China could really **** the reckless republican assh*le's re-election prospects by absorbing the hit to their economy and refusing to play ball with him.

Despite his tough talk, donnie hoover DESPERATELY needs a trade deal with China or he could go DOWN HARD in next year's election.


https://www.cnbc.com/2019/09/02/china-economy-caixin-markit-manufacturing-pmi-for-august-2019.html
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Oh sure, that's been the claim the whole time, that it would spike inflation and end Consumer spending. Instead, inflation is tamer than ever while consumer spending remains very strong.

Consumers keep at it, spending strong

The American Consumer is alive, well and spending.

Personal spending in July rose 0.6 percent, the best month since April.

“Consumers remain in good shape, continuing to push the U.S. economy forward,” said PNC chief economist Gus Faucher.

Walmart and Target also recently signaled shoppers are doing their thing.

Now we are assured that with the latest round of tariffs that the sky will finally fall!

It won't. If you want to avoid the tariff, don't buy their goods. When you buy from Red China, you pay for the tanks waiting to roll into Hong Kong.

 

Lololol..... you are hilarious ....

 

Well, we should at least let him try.
You can never win any argument without a risk of losing something. Can’t win a war without the risk of losing it.
Or, like they say, to make an omelette, you got to break some eggs.

In my opinion, Trump has many faults, but he does get an A for confronting China. At least for the effort.

 

We'll talk after the upcoming holiday season, Zero.

By the way, things were lookin' pretty good in the summer of '07 too.

Consumer spending up … and inflation relatively tame

From the Fed's June '07 Beige Book...

… Consumer spending and retail sales were generally up in late April and May, with a number of Districts reporting that luxury items were selling better than lower-end merchandise. …


Official start of the Great (Bush-Cheney-GOP) Recession … six months later … December 2007...

https://www.federalreserve.gov/fomc/beigebook/2007/20070613/default.htm

 

Any talk of "surrender" is childish nonsense. Facts are facts. On the surface, consumer spending looks all rosy sparkly. Other indicators, not so hot. Farms are going belly up at an alarming rate and the manufacturing sector is declining. That doesn't speak well for future orders. In short, things look very mixed right now, stock market be damned. It's cross your fingers time. The darkest cloud on the horizon is China. Xi is unlikely to capitulate, especially to Trump. With a moron in the White House, the U.S. looks like easy pickings.

Farm market losses are especially troubling because a significant percentage of those international agricultural sales are not coming back. China has found alternate sources of supply. Overall, Trump's trade war is pure Trump, act quick and on your own without a second thought of unintended consequences. That's Trump's policy in a nutshell and America is paying the price. Things on the trade front will only get worse. Other sectors???? BTW, Trump surrendered to China the day he walked out of TPP. China couldn't have been happier at that move.

 

I think maybe you have depression lust, because your claim that this looks just like the lead up to the 2008 crash, well, the data's below. Consumption spending had been on a downward trend for quite awhile before it went into the 2008 recession.



As for your claim that this looks "just like" the summer before the end of the year 2007 crash, that's wish-casting, not data based, and what a hell of a thing to long for. Do you feel no sense of community with your fellow Americans?

 

Anyone who is saying ignore the recession storm signals in front of us can be ignored on the topic.

 

I wouldn't be surprised, either. The buying of inventory will likely go way down, and that could mean loss of employment.

Trump is extremely vulnerable. He is the least popular President in modern American history, and Xi knows that. All Xi has to do is wait him out and Trump will begone.

Trump's own party and many prominent Republicans are strongly opposed to what Trump is doing. Time is on China's side.

Trump put himself in that position with his shoot first, ask questions later approach.

 

Wishful thinking will lead you nowhere we want to go

 

Trump is vulnerable

So he’s obviously doing what best for the country rather than himself

 

S&P 500 futures are (predictably) down hard.

Could be a rough September for global markets

They inherit a strong, stable economy from BO and the Dems, and in just 2.5 years this reckless, incompetent republican administration has all kinds of recession flashing red lights and sirens going off...

https://www.cnbc.com/2019/09/02/heres-a-list-of-recession-signals-that-are-flashing-red.html

 

Unfortunately, your chart stops at the end of 2018. Convenient.

A far more important point is the fact that since Trump started his trade war with China, the Dow has actually lost ground.

On Jan. 29, 2018, the Dow hit its 2018 high of 26,439. As of August 30, 2019, the Dow stood at 26,403, a net loss of 36 points.

 

That is because Trump has largely hidden his trade war from the consumer. He has not taxed popular consumer items.

"The 15% taxes apply to about $112 billion of Chinese imports. All told, more than two-thirds of the consumer goods the United States imports from China now face higher taxes. The administration had largely avoided hitting consumer items in its earlier rounds of tariff hikes." https://www.cnbc.com/2019/09/01/tru...112-billion-in-chinese-goods-take-effect.html

That has now changed.

Absolute silence from GOP leaders. Surely they realize Trump is squashing their hopes for reelection.

Record number of Republicans quit before the 2018 elections. The GOP may surpass that record. So far 13 have quit and its early.

 

Threatening our powerful economy is a way to confront China? I don't think so, but Putin loves it.

We have the largest most successful economy in the history of the world. Our economy is 20% larger than our nearest competitor, China. We have virtual full employment. The trade deficit we have with China is goods Americans buy and goods American companies sell for profit, all of which contributes to our vibrant economy. It is not cash going out of the country. That is a Trump lie only his gullible base could believe.

What exactly is the problem?

Trump's trade war and harsh tariffs are solutions looking for a problem.

Besides, this is battle Trump can't win. He is the least popular President in modern American history facing an election 15 months from now. China is not known for backing down. The patient Xi just has to wait it out.

 

And what is that exactly?

A far more important point is the fact that since Trump started his trade war with China, the Dow has actually lost ground.

On Jan. 29, 2018, the Dow hit its 2018 high of 26,439. As of August 30, 2019, the Dow stood at 26,403, a net loss of 36 points.

Please answer my question.

Why is it with Trump, good things are all sometime in the future. That's getting a little old after 2 1/2 years.

For example, he has yet to sign a major trade deal.

 

Another factor is this, if he was smart, if he really wanted to wage a successful trade war with China, he would have gotten the assistance of our allies. They don't like China's trade practices, either.

Instead, Trump pisses off our allies on multiple levels and hits them with harsh tariffs, too. So much for a cooperative effort.

Nobody said Trump was smart.

 

I think it is more accurate to say we are both losing. That's the way it is with wars, trade or otherwise.

Thank you, Mr. President. Effective, Nov. 3, 2020, you're fired.

 

Trump is the weakest link.