Trump Started Trade War Because He Was Angry

[Chicks]

Originally Posted by Dondilion

The old China game is up even if Trump loses the next election. The shift is broad.

It must be bliss to be so simple minded that complex issues can be distilled down to such simple, meaningless, fact-free homilies.

[Pio1980]

The major immediate threat to US security is the vainglorious incompetent babbling nitwit in the Oval, not China or any other external adversary.

[JONRID]

Originally Posted by finnbow

According to two officials, Trump's decision to launch a potential trade war was born out of anger at other simmering issues and the result of a broken internal process that has failed to deliver him consensus views that represent the best advice of his team.

On Wednesday evening, the president became "unglued," in the words of one official familiar with the president's state of mind.

A trifecta of events had set him off in a way that two officials said they had not seen before: Hope Hicks' testimony to lawmakers investigating Russia's

interference in the 2016 election, conduct by his embattled attorney general and the treatment of his son-in-law by his chief of staff.

Trump, the two officials said, was angry and gunning for a fight, and he chose a trade war, spurred on by Commerce Secretary Wilbur Ross and Peter Navarro, the White House director for trade — and against longstanding advice from his economic chair Gary Cohn and Treasury Secretary Steve Mnuchin.
Feckin' Dotard.

TRUMP WAS HARPING ABOUT THE USA BEING SCREWED BY CHINA BEFORE HE ANNOUNCED HE WAS RUNNING FOR PRESIDENT. Our bad trade deals were a major campaign theme.

Revising our bad trade treaties was a major campaign promise.

Unfortunately "novice politician" started out with a leaky white house staff who like to make themselves feel important talking to reporters.

[Dondilion]

Originally Posted by JONRID

TRUMP WAS HARPING ABOUT THE USA BEING SCREWED BY CHINA BEFORE HE ANNOUNCED HE WAS RUNNING FOR PRESIDENT. Our bad trade deals were a major campaign theme

Our bad trade deals.

[donquixote99]

What was so bad about them?

[Dondilion]

Originally Posted by donquixote99

What was so bad about them?

They are weighted heavily against the working class.

Here is a fair distillation from Stiglitz.

https://www.cnbc.com/2019/04/22/jose...t-workers.html

What Stiglitz fails to amplify is Trump major gripe re China and intellectual property. That is the area where the US really got snookered.

[Pio1980]

Originally Posted by Dondilion

They are weighted heavily against the working class.

Here is a fair distillation from Stiglitz.

https://www.cnbc.com/2019/04/22/jose...t-workers.html

What Stiglitz fails to amplify is Trump major gripe re China and intellectual property. That is the area where the US really got snookered.

I can entertain the idea, I've thought so myself, but I don't trust this vainglorious babbling incompetent nitwit to do anything but turn it to his own glory regardless of the outcome.

[donquixote99]

Originally Posted by Dondilion

They are weighted heavily against the working class.

Here is a fair distillation from Stiglitz.

https://www.cnbc.com/2019/04/22/jose...t-workers.html

What Stiglitz fails to amplify is Trump major gripe re China and intellectual property. That is the area where the US really got snookered.

Will look into what Mr. Stiglitz has to say. But the intellectual property thing, I think, is not a 'trade-deal defect.' It was never spelled out in some deal that 'we have to give China all the tech it wants.' It's a late-stage capitalism defect, in which maximizing gain now is the only thing that counts. China took advantage of the individual firms, playing htem off against one another, as they found them willing to give away the store to get the deal they 'needed' now.

[Dondilion]

Originally Posted by Pio1980

but I don't trust this vainglorious babbling incompetent nitwit to do anything but turn it to his own glory regardless of the outcome.

A reasonable reaction.

[Chicks]

While you weren't looking, the trade war with China went off the rails

https://amp.businessinsider.com/trum...eaning-2019-11

America's trade war with China has lost its way.

Instead of pushing for structural change in China's managed economy, the Trump administration is negotiating to get US-China trade where it was before the tit-for-tat tariffs started.

This story is starting to sound like a loop, and it's unclear how the Trump administration will get out of it.