1. Donald Trump is in a tough spot. You see, his trade war with China is hurting the economy just like everyone said it would, which is threatening to push the United States into a recession.... And while we would never suggest that the president was lying to give the markets hope after single-handedly tanking the Dow on Friday and then laughing about it, others are not so trusting..... 2. Sure enough, the Dow's 121 points drop on Tuesday proved the writer is right in her assessment that Trump "describes fictional phone calls with Beijing and claims that a trade deal is all but in the bag". Whenever the Dow falters, Trump or his aides would come out to calm the stock markets by claiming that China has no choice but to come back to the negotiating table. To Donald Trump, the performance of the stock markets is synonymous with the health of the economy. Unless Donald Trump, Peter Navarro, Republican Latino Senator Marco Rubio and other US extremists learn a bitter lesson that they can never force their Asian rival into submission by whatever means, the so-called trade war will continue amid seemingly endless trade talks that give false hope and optimism to the stock markets.
I believe that is your opinion, not necessarily established fact. I don't feel this is the thread though to argue about weather a trade war necessarily has a harmful economic effect. The US certainly has the upper hand in any trade dispute between the two countries. I don't believe you'll disagree with that. China has much more to lose than the US. Well, at least that would certainly have been true 15 years ago, might be just a little less clear cut now.
Just ask that Navarro guy whether he really believes that the US has the upper hand. For instance, if you are winning in a duel, why should you hold talks to "hash out a deal" with your opponent? Just send him faster to Hell with all your might. Again, if Trump, Navarro and other top aides are confident that "China has much more to lose than the US", why should they keep phoning to their Chinese counterparts to pester them for talks?
So are you of the opinion we should just give up and allow China to continue to have its way with us? Roll over, is that your strategy? When the stock market was exploding and people made money hand over fist... it had nothing to do with Trump. But since the market fell 121 points (srsly?) Tues, it's all his fault. Got it. P.S. There IS NO recession.
It is an established fact that "nobody ‘wins’ in a trade war". I agree with the writer Bess Levin that Donald Trump's trade war with China is hurting the US economy. That's why Trump was lying about receiving two phone calls from China in his attempt to calm the faltering US stock markets. In case you have not read the full article by Bess Levin, the following are some excerpts for your perusal: (Begin excerpts) Donald Trump is in a tough spot. You see, his trade war with China is hurting the economy just like everyone said it would, which is threatening to push the United States into a recession. Even Trump, whose brain short-circuited years ago, knows this would be bad, particularly for a guy whose campaign slogan is, “You have no choice but to vote for me because your 401(k), everything is going to be down the tubes [if you don’t].” The problem is, China appears unlikely to budge and has met every single round of tariffs with retaliatory measures of their own. But if Trump called the whole thing off now, without a deal, he’d look pretty stupid—even stupider than he looked when he said wind turbines cause cancer, or that we should use nuclear bombs to stop hurricanes. Sure, he could put the health of the economy before his infantile obsession with “winning,” but that would require an emergency personality transplant..... (End excerpts)
Take for example, when you are watching a boxing match, I am sure you won't like to see the two fighters pause to shake hands all the time. Like all spectators, you certainly want to see a decisive outcome in the match, if not seeing them fighting to death. Are you blaming the market fall on speculation instead of the "broken brain"? There IS NO recession!? Keep sleeping, Rip Van Winkle!
China thought it would be cute to tariff our pork. "I've Never Seen Anything Like This": China Reels As Pork Prices Explode To Record Levels Prices of China's favorite protein have surged 18% in China in just two weeks, and the people are not happy. Ooops! For those folks claiming China is playing 3 dimensional chess, uh, looks more like they are playing marbles. Pork prices in China have soared to record highs in the past two weeks, adding pressure on a government trying to contain food-price inflation during the trade war with the U.S., even as the country's Producer Price index posted its first negative print in 3 years, putting China in a bind: contain soaring food inflation, or stimulate the economy and risk an angry public backlash. Prices of China's favorite protein - used in dishes such as lunchtime dumplings and spicy mapo tofu — have surged 18% in China in just two weeks, since the week ended Aug. 9 and are up more than 50% in the past year. The average price of pork, excluding offal, in the week ended Aug. 23 was 31.77 yuan a kilogram ($2.02 a pound), according to data from China’s Ministry of Commerce. African swine fever, which has been raging across China, and Asia, has decimated pork supplies. China’s pig herd had fallen 32% on year in July, according to data released by the Ministry of Agriculture and Rural Affairs. Some analysts expect 2019 production could fall as much as 50% by the time the "pig ebola" is contained.
My great friend, you have mixed up the US-Sino trade war with swine fever. If all the Chinese on the mainland are converted to Muslims overnight, they can give you all the remaining pigs as present.
