Trump will raise tariff rates on Chinese goods in response to trade war retaliation

The threat isn't from dissidents, but from the rich and powerful.

You shouldn't be so gleeful at the thought of the US losing the tradewar. If Xi can damage the US through economic means, he can damage any democracy in the world through economic means.

 

No, Not critisizing. Threatining to sanction German Corporation for working on German Energy Projects. Do you understand how He greatly oversteps His authority in that regard?

 

Why anyone should care about China.
US should return industrial base back to the country, that is all.
It is cleary not enough to produce dollars, wars and stupid laws.

 

It has never been a question of whether, or not, there should be a trade war with China. It has only been a question of WHEN.

Who do we have to thank for this? Let's look at the beginning.

Bill Clinton opened the door to China's entry in the world markets with the US-China Relation Act, in 2000. Congress went along. This was not solely a democrat decision, or a republican decision; but was just a STUPID decision for anyone who voted for it and Bill Clinton has his name on it.

Let's discuss this.

When this deal was signed, Clinton claimed on national television this deal was a good one for America. He promised that Chinese markets would open, create millions of American jobs and lead to democracy for the Chinese people. After 20 years what have these promises lead to?

1. Millions of American jobs were shipped overseas for peasant wages. Corporate profits jumped while middle class was crushed

2. China tilted the playing field their way to the tune of a $500 billion yearly trade deficit.

3.Instead of democracy, China's leader is now dictator (excuse me, president for life) over 1.2 billion people. That would make him dictator over more people than any man in history--more than Hitler, Stalin and Mao combined.

Clinton, Bush and Obama looked the other way while all of this played out. Maybe they crossed their fingers hoping for a fair shake from a communist nation, or maybe they saw some greater good in all this.

Trump did not and he will not let it continue on his watch.

Anyone want to pile on?


Apparently, Donald Trump decided not to cross his fingers, or look for the silver lining.

Anybody want to pile on, or defend this craziness?


.

 

do not worry Trade wars are easy for Donald.....

 

A few people understand what happens when politicians cut deals too good to be true.....like NAFTA and the China trade deals.

Ross Perot wasn't an economic genius, he just had common sense. If you do a bad trade deal with a shithole, don't be surprised by the giant sucking sound of your wealth and jobs fleeing the country.

I honestly don't think you have a clue.

Let's see, he's fixed NAFTA, fixed the deal with South Korea, and got concessions from EU countries already.

He waved his magic wand and manufacturing jobs are coming back/unemployment is down to its lowest point in half a century.

I suppose the great messiah obongo was too busy race baiting and overseeing Hillary's insurance plan to give a damn about America.

 

what a dumb crap, China open up since nixon. No one force US company move, the corp did that with their own will. Trump file 3 bankruptcy, he gonna bankrupt US too.

 

And 0.2% devaluation falls well short of offsetting a 25% tax.

You are till repeating the government propaganda.........

 

Hello Adumfun;

Greed makes the world go around?

Thank you for pointing out the obvious..

Now back to the real discussion.

The trade agreements you think Trump should bless like Clinton, Bush and Obama did are tiltled in the favor of our competition and they have been for decades.

Trump wants the playing field leveled and with the incredible strength of the Trump Economy, this is the best time in 50 years to demand it.

 

-002wyh:

I see someone else is pointing out that greed makes the world go around.

Simple platitudes fill space, but they don't inform.

Nixon went to China in 1972, well before later presidents shot the middle class in the head through stupid trade deals like NAFTA and the US-China deal.. He actually went there to drive a wedge between China and the Soviet Union.

Prior to Nixon, every Cold War president thought the Soviets and the Chinese were a united front against the West. Nixon was the first president to realize the fallacy of that idea. He saw they didn't trust each other. His warm reception by the Chinese proved it--a big step toward winning the cold war.

Later presidents like Clinton had the silly idea that we could trust Communist China to act fairly in world trade. US companies who fired their employees by the millions and ran to China for cheap labor got lousy deals. Meanwhile, entire industries in the US were staggered.

(On a personal note, I have met a few businessmen who went to China to open factories and got screwed by their (mandatory) Chinese partners. One American built a dish factory and was then told the factory was next to a river with no bridge.He lost everything and saw his product at Costco a few years later.)

Trump is trying to bring good-paying manufacturing jobs home, or at least get them out of China.

I think someone has a kid out there that will get a good paying job in the future thanks to Trump policies (unless an illegal alien/scab doesn't undercut him).

 

If not china then it's India or elsewhere those job are not coming back. No one gonna pay high salary for low skill works. What happened is trade war benefits Vietnam India EU the most at the expense of US recession

 

Its a complicated issue

 

You could say the same about democrats who pretend to care about the downtrodden

But I would remind you that the material wealth of even the poorest people in America has advanced considerably over the past 100 years thanks to corporations

 

I disagree

America was largely protectionist during the first 200 years of our republic

 

Your view of the world is myopic

Corporate execs were capable of being good businessmen and patriots at the same time

But it may be that the current generation of business execs who were rased post liberal revolution care only about the bottom line and to hell with America

Thats why the are so welcoming to the advances of red china

 

I agree with osbornterry

Clinton bush and obama allowed china to grow their economy at the expense of American workers

 

India and vietnam are not our strategic enemies

China is

If india benefits then china loses

 

agree, this is one issue I though Trump could do at first, now I am not so sure

now I am wondering if Trump will just break it, they try to get it back to where it was and call it a win

he said he was gonna ban 5g from china, then not ban it, he doesn't stick to his own words

Trump's ego is fragile, and he is easily manipulated by the last person he talks to or sees on tv

 

I think you'd have a hard time backing up your claims, which it probably why you haven't even tried.

Can you name few companies whose profits were not top priority.

 

Yes. Look at the banking industry for example. A global monopoly was ALWAYS their dream and goal. Other industries followed suite as soon as it became physically possible.

Who pushed for free markets? Conservatives. That being the case it's rich it is suddenly being sold as some kind of liberal conspiracy.