Is Trump ready to give up on his trade war?

Discussion in 'Political Opinions & Beliefs' started by ronv, Sep 12, 2019 at 12:17 PM.

  1. ronv

    ronv Well-Known Member

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    Trump is watching his popularity fall as his trade war threatens the economy.
    His next options for tariffs will make it obvious to consumers that China is not paying for the tariffs as they will by necessity hit consumer products.
    My bet is that soon he will strike some watered down deal like NAFTA 2.0 where china drops some tariffs and agree to buy more pork and soybeans. Things they need to buy anyway.
    Your thoughts?
     
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  2. Mac-7

    Mac-7 Well-Known Member

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  3. Polydectes

    Polydectes Well-Known Member

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    Tariffs aren't about our economy.
     
  4. ronv

    ronv Well-Known Member

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    Really?
     
  5. Polydectes

    Polydectes Well-Known Member

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    Yes.
     
  6. DennisTate

    DennisTate Well-Known Member Past Donor

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    Actually.... it is not his trade war.... it looks to me like China, Russia, Iran, Soros and their allies in all nations
    want to devalue the USA petrodollar......... partly because it is the key to the military dominance of the USA
    over the world.......
    partly so that they can get a bigger piece of the thirty five trillion dollars worth of oil and natural gas reserves in the warming Arctic.




    GLOBAL INVESTING HOT SPOTS
    Russia and China vie to beat the US in the trillion-dollar race to control the Arctic


     
  7. ronv

    ronv Well-Known Member

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    Maybe we could buy Canada.
     
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  8. DennisTate

    DennisTate Well-Known Member Past Donor

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    Last edited: Sep 12, 2019 at 8:50 PM
  9. ronv

    ronv Well-Known Member

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    Do tell.
     
  10. Marine1

    Marine1 Well-Known Member Past Donor

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    Democrats need to look at short term pain can lead to long term gain like Trump and at least Schumer are.

    Democratic Sen. Chuck Schumer on Sunday praised President Trump for slapping tariffs on $50 billion worth of Chinese products and said he urged the chief executive to do this “three weeks ago.”

    “Not only do they steal our intellectual property, they keep our good companies out, and say the only way you’re going to be able to sell your American products in China … is if you come to China, make them there, and give us the techniques and intellectual property,” the New York lawmaker told John Catsimatidis on his AM-970 radio show.

    The Senate minority leader said he urged Trump to hit China with the penalties because the US would eventually prevail in any trade war.

    “It’s going to take a little bit of toughness at the beginning. China will bark back. But they need us more than we need them — President Trump is right about that — and we should be strong. So I thought what he did on China is right,” Schumer said.
    https://nypost.com/2018/06/17/schumer-says-he-told-trump-to-impose-china-tariffs-3-weeks-ago/


    Trade War Casualties: Factories Shifting Out Of ... - Forbes
    https://www.forbes.com/.../2018/07/30/trade-war-casualties-factories-shifting-out-of-china
    Jul 30, 2018 · Trade War Casualties: Factories Shifting Out Of China. A full scale trade war, wherein Trump’s high-water mark of $500 billion in tariffs is reached, is forecast to take at least a half-percent off of Chinese GDP, based on research by Matthews Asia, a San Francisco-based mutual fund company.
     
  11. Marine1

    Marine1 Well-Known Member Past Donor

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    Hasbro is to start making play-doh in the U.S. Again.

    U.S. Hasbro, Inc. Is returning to the U.S. And will make the beloved children’s modeling clay in a Massachusetts factory rather than in China or Turkey.




    Newscentermaine.com | Why Apple is bringing billions back home
    www.newscentermaine.com/article/news/nation-now/...
    A second corporate campus, an additional 20,000 workers and a $350 billion commitment. That's Apple's pledge to the U.S. As the tech giant announced a sweeping set of moves Wednesday to bring back billions of its offshore cash and spur economic growth. The plan also includes paying $38 billion in taxes.


    Stanley Black and Decker closing China plant.... Moving to ...
    https://www.tigerdroppings.com/rant/politics/stanley-black-and-decker-closing-china-plant-moving-to/83525376/ · Jun 21, 2019

    Chinese Co, moving to Ohio
    His company, Fuyao Glass, has invested over $1 billion stateside, according to the Post, the most significant move of which is opening its U.S. Factory in the Ohio town of Moraine, a suburb of Dayton, back in October. The glass maker is re-purposing the town’s former General Motors assembly that had been standing empty since late 2008, as the Dayton Daily News reports.

    According to Ohio TV station WDTN, the plant now employs a workforce of almost 2,000, and Cao expects that the fully operational facility will employ up to 3,000 workers.

    https://fortune.com/2016/12/22/us-china-manufacturing-costs-investment/




    Tianyuen Garments Co.
    In October of last year, Tianyuan Garments Co. Acquired a defunct 100,000-square foot metal fabrications plant in Little Rock, Arkansas and announced a $20 million investment that will make them the first Chinese manufacturing company to manufacture clothing in the US. The company is refurbishing the facility set to open later this year and plans to employ 400 workers to produce clothes for brands like Adidas, Reebok, and Armani.

    Sun Paper Industry
    Another big announcement from a Chinese manufacturing company in the past year is from Chinese paper products maker, Sun Paper Industry. They recently announced a $1 billion investment that will create 250 US jobs at their new bio-products mill in South Arkansas.

    Local and state governments in the US are able to offer incentives to foreign companies that tip the scales in favor of moving from China to the US. Many Chinese manufacturing companies are now realizing that the lower transportation costs and taxes are making it more profitable to do business in North America than in Asia. As the trend grows, the Chinese companies who provide so many manufactured goods to the North American market are finding that employing American workers is the most profitable method of production.



    Tariffs are forcing Big Tech to move production out of China
    https://www.engadget.com/2019/06/12/tech-companies-move-manufacturing-china-trade-wars
    Jun 12, 2019 · Tariffs are forcing Big Tech to move production out of China Though China previously warned against cooperating with US trade restrictions. Christine Fisher , @cfisherwrites
     
  12. ronv

    ronv Well-Known Member

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    Yeah, It's almost a crime what Schumer and Pelosi do to poor old Trump.
     
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  13. Marine1

    Marine1 Well-Known Member Past Donor

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    Do you still think Trump should cave in
     
  14. garyd

    garyd Well-Known Member

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    I certainly hope not a failure in the trade war will guarantee a shooting war down the line.
     
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  15. Marine1

    Marine1 Well-Known Member Past Donor

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    Not one dime for the wall. He colluded with the Russians, no doubt about it. We have him this time. Yes, they have been after him from day one, but Trump keeps on winning. A red hot economy, the lowest unemployment for Blacks, Hispanics and Asians.
     
  16. Marine1

    Marine1 Well-Known Member Past Donor

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    The way China is threatening us over Taiwan and telling us to stay out of the S. China Sea, by their land made islands, you could be right if they think they are finally strong enough. Doesn't help where they have joined up with Russia against us.
     
  17. ronv

    ronv Well-Known Member

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    I was thinking more about I will gladly accept responsibility for shutting down the government.
     
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  18. ronv

    ronv Well-Known Member

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    To be honest with you, I don't know what he should do now. It's a lose lose.
    But I think he will cave because he wants a chance in 2020.
     
  19. Marine1

    Marine1 Well-Known Member Past Donor

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    Not if he holds fast. One of two things are going to happen. China will finally give in rather than keep losing factories. Or they will hold out till the election, hoping Trump loses and they can get the Democrats to cave in. They already want Trump to do it.
     
  20. Marine1

    Marine1 Well-Known Member Past Donor

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    But your right, Trump has to worry how many people will not want to bear the little pain they would have to to win, and turn against him. I would hate to see Trump cave in for that reason. I would much rather see him address the nation on the importance of sticking with the tariffs on China.
     
  21. JakeStarkey

    JakeStarkey Well-Known Member

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    China will hold out, hoping Trump caves in or loses the election.

    China can then deal with a rational American government.
     
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  22. ronv

    ronv Well-Known Member

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    Yeah, I think Trump will lose if he implements his tariffs on consumer goods. He may lose anyway, but that will ice it.
    And yes, I think the dems will zoom in on a couple of important items and drop the rest.
     
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  23. ronv

    ronv Well-Known Member

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    Xi poked Trump with a sharp stick when he beat him to tariffs on the last 56 billion, and Trump rage tweeted himself into a corner. :)
     
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  24. Polydectes

    Polydectes Well-Known Member

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    It's about China's economy.
     
  25. hudson1955

    hudson1955 Well-Known Member Past Donor

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    No. It is obvious China is going to hold out as long as they can to see if he is re-elected.

    Which is why we must re-elected him. It is our only chance to stop China's bad trade policy and stealing our technology. Not to mention bringing our jobs back. But we also need to win back the house and keep the Senate.
     
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