Trump Started Trade War Because He Was Angry

[Chicks]

Oh, won’t BMW, with its 10,000 US workers in Red State SC, respond well to that! What a moron Donny is. Well, at least he’s finally making lots of Repube enemies. Impeachment getting closer...

[finnbow]

Originally Posted by Chicks

Oh, won’t BMW, with its 10,000 US workers in Red State SC, respond well to that! What a moron Donny is. Well, at least he’s finally making lots of Repube enemies. Impeachment getting closer...

Not to mention a large Mercedes plant near Tuscaloosa, AL and a VW plant in Chattanooga. Somehow I'm starting to think Lying Donnie Dotard isn't a stable genius.

[nailer]

Originally Posted by finnbow

Not to mention a large Mercedes plant near Tuscaloosa, AL and a VW plant in Chattanooga. Somehow I'm starting to think Lying Donnie Dotard isn't a stable genius.

In addition, many Japanese vehicles are manufactured here and the Japanese actually have some relatively high trade barriers. Der Trumpenfuhrer will find it hard to resist a two front trade war.

[Oerets]

"Jimmy Kimmel Says He’s Filing A Federal Complaint Against The Trumps"

https://www.huffingtonpost.com/entry...b0600b830004f6

""Most of the merchandise Kimmel purchased was made abroad, and two items didn’t list a country of origin at all. Kimmel said such an omission could lead to potential fines of up to $500,000 if it turns out these products were made overseas.""




Barney

[whell]

So, what's the answer then? We put a 2.5% import tax on vehicles imported into the US that are manufactured overseas. Compare that, for example, to the 10% that is applied to vehicle imports in Germany. Its OK for Germany to apply taxes to protect its auto manufacturing, but not OK for the US to protect its interests in a similar manner?

For the record, I don't agree that imposing / increasing tariffs are the answer. I think no tariffs imposed by any country is the right answer, but I don' think that's a realistic scenario. I also don't think T-TIP was the right answer either, and T-TIP was made less relevant with the future of the EU in question.

However, encapsulating trade in the political process gets pretty ugly. The closer we can get to free trade without gov't interference - which results in special interests being well served but creates havoc elsewhere - is the best bet. Will it ever happen? Skeptical.

[nailer]

Originally Posted by whell

So, what's the answer then? We put a 2.5% import tax on vehicles imported into the US that are manufactured overseas. Compare that, for example, to the 10% that is applied to vehicle imports in Germany. Its OK for Germany to apply taxes to protect its auto manufacturing, but not OK for the US to protect its interests in a similar manner?

For the record, I don't agree that imposing / increasing tariffs are the answer. I think no tariffs imposed by any country is the right answer, but I don' think that's a realistic scenario. I also don't think T-TIP was the right answer either, and T-TIP was made less relevant with the future of the EU in question.

However, encapsulating trade in the political process gets pretty ugly. The closer we can get to free trade without gov't interference - which results in special interests being well served but creates havoc elsewhere - is the best bet. Will it ever happen? Skeptical.

Good point in your first paragraph.

Regarding free trade. Countries want free trade for products/commodities where they have an economic advantage. When the opposite condition exists not so much.

[Chicks]

The dotard just tanked the markets with his trade wars. He ignores the best advice to please his idiot base. When will the Repubes wake up and throw him out on the street, or in the Pen, where he really belongs. You know they have enough evidence on him, when will they finally turn on the moron?

[Chicks]

Shiller: The dotard’s trade wars will bring economic crisis.

Another highly respected economist who Whell will now call a “lefty”, lol.

https://www.google.com/amp/s/www.cnb...ent-forum.html

The Yale economist criticized U.S. President Donald Trump during a Saturday interview in Beijing, calling the U.S. commander-in-chief "a showman" who "obviously relishes" celebrity, but acts in a way that's "totally unbecoming for a president."

[whell]

Originally Posted by Chicks

Shiller: The dotard’s trade wars will bring economic crisis.

Another highly respected economist who Whell will now call a “lefty”, lol.

https://www.google.com/amp/s/www.cnb...ent-forum.html

The Yale economist criticized U.S. President Donald Trump during a Saturday interview in Beijing, calling the U.S. commander-in-chief "a showman" who "obviously relishes" celebrity, but acts in a way that's "totally unbecoming for a president."

Yawn. Another day, another case where a faux crisis is skewered:

Stocks traded sharply higher on Monday, bouncing back from strong losses in the previous session as trade tensions between the U.S. and China appeared to ease.

The Financial Times reported China has offered to buy more semiconductors from the U.S. to help cut its trade surplus with the U.S. The Wall Street Journal also reported that U.S. and Chinese officials are working to improve U.S. access to China's markets.

Investors "have apparently recognized that a trade war is in no one's best interests and therefore extremely unlikely," said Jeremy Klein, chief market strategist at FBN Securities, in a note. "Specifically, the President merely wants to fulfill a campaign promise while China will only enact token countermeasures to appease its citizens."

We now return you to your regularly scheduled faux angst.

[Rajoo]

Originally Posted by whell

Yawn. Another day, another case where a faux crisis is skewered:

Stocks traded sharply higher on Monday, bouncing back from strong losses in the previous session as trade tensions between the U.S. and China appeared to ease.

The Financial Times reported China has offered to buy more semiconductors from the U.S. to help cut its trade surplus with the U.S. The Wall Street Journal also reported that U.S. and Chinese officials are working to improve U.S. access to China's markets.

Investors "have apparently recognized that a trade war is in no one's best interests and therefore extremely unlikely," said Jeremy Klein, chief market strategist at FBN Securities, in a note. "Specifically, the President merely wants to fulfill a campaign promise while China will only enact token countermeasures to appease its citizens."

We now return you to your regularly scheduled faux angst.

Faux News!
Stocks trading higher is to do with Dotard backing off on the steel and aluminum tariffs on trade with N. Korea. One word for you, Samsung.