Trump Started Trade War Because He Was Angry

[Chicks]

A war is brewing between Trump and corporate America

https://finance.yahoo.com/news/a-war...130242396.html

...the honeymoon is ending as a tariff-happy Trump disrupts supply chains all over the world and threatens some U.S. companies outright. Businesses are responding to Trump’s escalating tariffs on imports from China, Mexico and other countries by curtailing investment, which will weaken the economy as Trump is heading for reelection in 2020. And investors unnerved by trade and immigration wars are selling stocks and other risky assets, signaling concern about economic damage Trump may be causing—and even a possible recession. The S&P 500 stock index is down 7% since the end of April, largely on trade worries.

Who will the Trumpkins side with when they start losing their jobs over Donny’s incompetence? Will the Whell idiots stick with Donny?

[donquixote99]

In speaks volumes about the complicated motives in human brains that the CEOs have put off this war as long as they have. But they love Trump for his tax cuts and general anti-liberalism, so they sat on their hands as he steered the economy toward disaster via trade war insanity.

[Chicks]

Head of manufacturers group calls Mexico tariffs 'a Molotov cocktail'

https://finance.yahoo.com/news/mexic...173806402.html

When you conflate immigration, tariffs and trade, you really do create this recipe, frankly, for a disaster when it comes to U.S. manufacturers,” Jay Timmons, president and CEO of the National Association of Manufacturers, said on Yahoo Finance’s “The First Trade.”

Last week both the National Association of Manufacturers and the American Automotive Policy Council came out strongly against the threat of tariffs.

The tariffs appear to be harming Trump’s base, farmers and working-class Americans in manufacturing jobs, the most. Those are the same people who helped push him to victory* in the 2016 election.

According to an analysis by Deutsche Bank, 8 of the 10 states most adversely affected by the current China tariffs voted for Trump in 2016. Just Washington and Oregon did not.

Anyone else wondering why the resident Trumpkins have been so quiet lately? Morons.

[Chicks]

GOP lawmakers warn White House they’ll try to block Trump’s Mexico tariffs

https://www.washingtonpost.com/world...8fb_story.html

...some Republicans said the opposition to Trump’s proposed levies on Mexico runs so deep that enough GOP Senators would be willing to defy the president on any disapproval vote involving the tariffs.

“I sure do,” Sen Kevin Cramer (R-N.D.) said when asked whether he thought there would be at least 20 Republican votes to reject Trump’s tariffs on Mexico — which would constitute a veto-proof margin in combination with Democratic opposition. “I think in light of every ball that’s up in the air whether it’s USMCA, China ... in light of all of that stuff and in light of all of that tariff activity which threatens to stifle the tremendous economic growth we now get to take credit for, particularly in the down commodity cycle with agriculture, there’s just a weariness of tariffs as the only tool in the tool kit that gets used.”

Big talk while Donny’s out of the country. Let’s see if the cowards have actually grown a pair when the moron in chief starts nasty-tweeting them, lol.

[Chicks]

Economist: Trump's tariffs, policies 'are looking more like a soci@list state'

https://finance.yahoo.com/news/trump...175849995.html

”Tariffs are already having a deleterious effect on trade flows even before they grow to much higher levels that could virtually destroy world trade between nations,” MUFG Union Bank Chief Financial Economist Bank Chris Rupkey wrote in a note.

And as “trade in and out of the US is slowly grinding to a halt… Tariff man could bring down the entire world economy all to bring back America to the days when it made all its own automobiles,” he added.

Blasting Trump’s “America First” mantra, Rupkey said the president’s policies “are looking more like a planned soci@list state where governments tell corporations what they can and cannot do. Doesn't sound like capitalism.”

So Whell helped elect a lefty soci@list. Poetic justice, lol.

This guy obviously is a whole lot smarter and more qualified than Donny’s fake “economists”.

[donquixote99]

Confusion of fascist and soci@list again. Yes, both involve state exercising power over econony, but all in all they are rather different.

Of course I understand the guy was mainly out to use the right wing's bad word against them....

[Chicks]

CEO optimism drops for fifth straight quarter: survey

https://finance.yahoo.com/news/surve...144730918.html

“The second quarter CEO survey was in the field during a turbulent few weeks for U.S. trade relations with China and Mexico. Business leaders are ready and eager to invest and hire in the United States. Yet, the uncertainty over trade policy is making it more difficult for companies to invest and operate confidently,” said Joshua Bolten, president and CEO of the Business Roundtable.

Hey Whell, are you tired of all this winning?

[Chicks]

Two companies petitioned for Donny's solar tariffs—now they’re both out of business

https://qz.com/1644846/two-companies...t-of-business/

Two companies begged the US government to raise tariffs on imported solar panels in 2017. “Stop the bleeding,” implored panel maker Suniva in its petition (pdf) to the US International Trade Commission (ITC), joined by a second manufacturer, SolarWorld. Domestic solar panel manufacturers, they argued, needed import taxes to “grow and thrive.” These tariffs, Suniva insisted, would generate at least 114,800 new jobs in the US.

They got their wish. The US trade commission ruled in 2017 that domestic solar manufacturers had been harmed by cheap imports. The next year, the Trump Administration slapped a 30% tax on imported solar cells and panels (also known as modules).

Today, both firms out of business. SolarWorld Americas, actually a US subsidiary of a German company, was bought out of bankruptcy by SunPower in October. Chinese-owned Suniva filed for bankruptcy this month. The company told a judge it plans to exit the solar panel business as soon as it offloads its inventory of panels stockpiled in warehouses.

MAGA!

[Chicks]

China Is Cutting Tariffs—For Everyone Else
As Donny focuses on disruption, Beijing is evidently operating on a higher level.

https://amp.theatlantic.com/amp/article/591877/

Tariff Man is such a stable genius, lol. He's playing checkers while China plays multi-dimensional chess. He's losing. Idiots STILL support him. Sigh.

[nailer]

Checkers is multi-dimensional too.