Communism 1, Capitalism 0?

Quote:Donald Trump is sticking to his tariff guns and, by all indications, things are not going well. In the U.S., Trump is getting all sorts of pushback, from all sorts of directions. Midwestern farmers are angry, and are calling for Trump to back down. So too are Maine lobstermen, who have lost a big chunk of their export business (which has to thrill Sen. Susan Collins, R-ME, who already faces a tough re-election battle). This week, Nike and Adidas joined Walmart in announcing that if the tariffs stay in place, their prices will rise significantly. Experts are predicting the same for Apple. American businesses located in China were polled this week, and the great majority (74.9%) said that they are already feeling the pinch, in terms of more inspections, longer waits for customs clearance, higher manufacturing costs, and reduced demand.

Meanwhile, the Chinese are doing a pretty convincing job of digging their heels in. President Xi Jinping visited the 1930s starting point of the Communist revolution on Tuesday, laid a wreath, and announced that a "New Long March" was beginning. On top of that, the hottest song in China right now is an anti-U.S. trade war song. Its opening verse is: "Trade war! Trade War! Not afraid of the outrageous challenge! Not afraid of the outrageous challenge! A trade war is happening over the Pacific Ocean!" Not exactly "Hey Jude, don't make it bad," or "There's a lady who's sure all that glitters is gold," but it's better than anything Nickelback has put out. Anyhow, all of this could be for show, but we wouldn't bet on it. In China, what Xi wants, Xi generally gets.

At risk of repeating ourselves, there is just no way to know where this is headed. It's true that Donald Trump tends to back down when he's challenged, or when he thinks he will pay a steep political cost for his actions. However, he has shown no sign of wavering on this issue, and he may not blink here. It could be Senate Republicans who blink and yank Trump's tariff authority, or it could be Xi, but the greatest likelihood seems to be that this game of chicken is going to keep going through the next year. If so, then the GOP is going to pay a price at the polls, maybe even a steep price. (Z)

ElectoralVote.com -- Trump Appears to Be Losing the Trade War

(May 22, 2019 at 8:50 am)Jehanne Wrote: Communism 1, Capitalism 0?

China isn't communist (it is arguable if anybody ever was, outside of the period between October 1918 and around March 1919 when the Bolsheviks suppressed the Soviets). It's a form of mixed market crony oligarchy.

(May 22, 2019 at 8:50 am)Jehanne Wrote: Communism 1, Capitalism 0?

Quote:Donald Trump is sticking to his tariff guns and, by all indications, things are not going well. In the U.S., Trump is getting all sorts of pushback, from all sorts of directions. Midwestern farmers are angry, and are calling for Trump to back down. So too are Maine lobstermen, who have lost a big chunk of their export business (which has to thrill Sen. Susan Collins, R-ME, who already faces a tough re-election battle). This week, Nike and Adidas joined Walmart in announcing that if the tariffs stay in place, their prices will rise significantly. Experts are predicting the same for Apple. American businesses located in China were polled this week, and the great majority (74.9%) said that they are already feeling the pinch, in terms of more inspections, longer waits for customs clearance, higher manufacturing costs, and reduced demand.

Meanwhile, the Chinese are doing a pretty convincing job of digging their heels in. President Xi Jinping visited the 1930s starting point of the Communist revolution on Tuesday, laid a wreath, and announced that a "New Long March" was beginning. On top of that, the hottest song in China right now is an anti-U.S. trade war song. Its opening verse is: "Trade war! Trade War! Not afraid of the outrageous challenge! Not afraid of the outrageous challenge! A trade war is happening over the Pacific Ocean!" Not exactly "Hey Jude, don't make it bad," or "There's a lady who's sure all that glitters is gold," but it's better than anything Nickelback has put out. Anyhow, all of this could be for show, but we wouldn't bet on it. In China, what Xi wants, Xi generally gets.

At risk of repeating ourselves, there is just no way to know where this is headed. It's true that Donald Trump tends to back down when he's challenged, or when he thinks he will pay a steep political cost for his actions. However, he has shown no sign of wavering on this issue, and he may not blink here. It could be Senate Republicans who blink and yank Trump's tariff authority, or it could be Xi, but the greatest likelihood seems to be that this game of chicken is going to keep going through the next year. If so, then the GOP is going to pay a price at the polls, maybe even a steep price. (Z)

ElectoralVote.com -- Trump Appears to Be Losing the Trade War

oh wait...your a moron let me look and research for myself...

  silly me got worked up for nothing.... forgot you people are the fakenews types anddon't ever want to heard anything good trump is doing. soyou stick to news sources that tickle you ears even at the expense of truth like: https://www.nytimes.com/2019/05/12/busin...idies.html

In talks and in an exchange of documents, Chinese negotiators surprised their American counterparts by calling at the start of this month for numerous changes, people familiar with the negotiations said. While the requests covered everything from intellectual property to currency manipulation, the hardened Chinese stance against limiting government subsidies poses a particular challenge.

Bottom line is china has one real customer in the world market that they can not afford to loose, like we have one supplier we can ot loose either. the rest is a game as to who will pay more or sell for less.

(May 23, 2019 at 11:24 am)Drich Wrote:

(May 22, 2019 at 8:50 am)Jehanne Wrote: Communism 1, Capitalism 0?





ElectoralVote.com -- Trump Appears to Be Losing the Trade War

oh wait...your a moron let me look and research for myself...

  silly me got worked up for nothing.... forgot you people are the fakenews types anddon't ever want to heard anything good trump is doing. soyou stick to news sources that tickle you ears even at the expense of truth like: https://www.nytimes.com/2019/05/12/busin...idies.html

In talks and in an exchange of documents, Chinese negotiators surprised their American counterparts by calling at the start of this month for numerous changes, people familiar with the negotiations said. While the requests covered everything from intellectual property to currency manipulation, the hardened Chinese stance against limiting government subsidies poses a particular challenge.

Bottom line is china has one real customer in the world market that they can not afford to loose, like we have one supplier we can ot loose either. the rest is a game as to who will pay more or sell for less.

China are in a much stronger position. Their economy is doing better than the US's, in fact you know that national debt you have! Do you know who you borrowed from?
If Trump keeps adding tarifs the below scenario could come to pass.

https://www.youtube.com/watch?v=T1dDIrOCbUo

16 Billion in U.S. taxpayers money allocated to farmers today to offset losses caused by Trumpanomics. What was wrong with buying shit cheaper to begin with? Trade deficits will always exist for the U.S. because we buy more shit than any other country.

(May 23, 2019 at 12:51 pm)downbeatplumb Wrote:

(May 23, 2019 at 11:24 am)Drich Wrote:

oh wait...your a moron let me look and research for myself...

  silly me got worked up for nothing.... forgot you people are the fakenews types anddon't ever want to heard anything good trump is doing. soyou stick to news sources that tickle you ears even at the expense of truth like: https://www.nytimes.com/2019/05/12/busin...idies.html

In talks and in an exchange of documents, Chinese negotiators surprised their American counterparts by calling at the start of this month for numerous changes, people familiar with the negotiations said. While the requests covered everything from intellectual property to currency manipulation, the hardened Chinese stance against limiting government subsidies poses a particular challenge.

Bottom line is china has one real customer in the world market that they can not afford to loose, like we have one supplier we can ot loose either. the rest is a game as to who will pay more or sell for less.

China are in a much stronger position. Their economy is doing better than the US's, in fact you know that national debt you have! Do you know who you borrowed from?
If Trump keeps adding tarifs the below scenario could come to pass.

https://www.youtube.com/watch?v=T1dDIrOCbUo

But all that is fake news he doesn't like is .

(May 23, 2019 at 11:24 am)Drich Wrote:

(May 22, 2019 at 8:50 am)Jehanne Wrote: Communism 1, Capitalism 0?





ElectoralVote.com -- Trump Appears to Be Losing the Trade War

oh wait...your a moron let me look and research for myself...

  silly me got worked up for nothing.... forgot you people are the fakenews types anddon't ever want to heard anything good trump is doing. soyou stick to news sources that tickle you ears even at the expense of truth like: https://www.nytimes.com/2019/05/12/busin...idies.html

In talks and in an exchange of documents, Chinese negotiators surprised their American counterparts by calling at the start of this month for numerous changes, people familiar with the negotiations said. While the requests covered everything from intellectual property to currency manipulation, the hardened Chinese stance against limiting government subsidies poses a particular challenge.

Bottom line is china has one real customer in the world market that they can not afford to loose, like we have one supplier we can ot loose either. the rest is a game as to who will pay more or sell for less.

China’s total foreign trade in 2018:  $4.55 trillion

China’s total trade with the US in 2018: $557 billion

China’s total trade with the US as percentage of china’s total trade with the rest of the world:  12.2%

For the knowledge and arithmetically challenged like Drich, for each dollar of trade China does with the good old US of A, China does 8 dollars of trade with parts of the world that is not the US.

China’s trade with the US accounts for 3.2% of china’s GDP, and China’s Trade with the US accounts for 2.9% of US GDP.

China’s ecomomy in 2018 grew 6.6%.   US economy in 2018 (best of all time according to loofa faced El Presidente) grew at 2.8%

If China loses all of sino-American trade, her economy would still grow at 3.4 %, 0.6% better than best of all time by Trampian standard for the US.

If the US loses all of sino-American trade, our economy will shrink by 0.1%.  We would be in recession.

President Xi is President for life and he doesn’t do elections.

El Presidente shit gibbon is counting on “best economy of all time” to not get impeached. 

Any questions?

(May 23, 2019 at 10:52 pm)Anomalocaris Wrote: Any questions?

Is Drich a traitor?

---

Seems everybody in US is losing in Trump's trade war:

Quote:Trump gives American families $72 billion tax hike with his trade war

Families across the country are getting the equivalent of a $72 billion tax increase, thanks to Trump's ill-advised trade war, according to a Thursday report from CNBC.

Using data calculated by the nonpartisan Tax Foundation, CNBC concluded that the impact of Trump's trade war with countries including China and Canada is "equivalent to one of the largest tax increases in decades."

A former Bush-era Treasury official told CNBC that a typical household making $61,000 per year will end up paying $500 to $550 more every year because of Trump's actions. And that's on top of any harm many families felt from the GOP tax scam.

What's worse, when Trump talks about the trade wars and tariffs he is implementing, he blatantly lies about who is paying for it.

Trump says China and other countries pay the tariffs, but in reality, companies pass along the cost to teachers, firefighters, farmers, and anyone else who purchases goods made in those countries, say economic experts.

Trump "continues to either not understand how tariffs actually work or deliberately mislead people on how they work," Ben White, Politico's chief economic reporter, said in September 2018. "China doesn't pay us anything. Importers of the products pay the tariffs and either eat the extra cost or pass it on to consumers."

American families now pay the equivalent of a $100 tax on washing machines.  Soon, cars could cost up to $2,200 more.

Even Trump's own economic advisers admit families across the country "will suffer" because of the trade wars.

Trump's response to consumers paying higher prices? "Enjoy!"

https://shareblue.com/trump-72-billion-t...trade-war/

In the meantime...

Quote:President Donald Trump's 2020 reelection banners are being made in haste at one Chinese flag factory as the fear of more tariffs loom



Workers in Fuyang, China have been busy at work, leaning over sewing machine tables, hemming the edges of Trump's "Keep America Great!" banners and shipping them off. While the summer is usually the slow season at Jiahao Flag Co Ltd, the factory has packaged more than 90,000 of the iconic red, white and blue banners since March, according to Reuters.


https://eu.usatoday.com/story/news/polit...844226002/

(May 23, 2019 at 10:52 pm)Anomalocaris Wrote: Any questions?

@Drich Why won't you reply to this?

Quote:Beer industry loses 40,000 jobs thanks to Trump's trade war

The beer industry is blaming Trump's disastrous trade war for the loss of 40,000 jobs between 2016 and 2018. Two beer industry trade groups said the increased cost of aluminum, thanks to Trump's tariffs, have caused brewers large and small to cut back their investment, resulting in the massive job loss, Bloomberg reported on Thursday.

https://shareblue.com/beer-industry-4000...trade-war/