CHINA retaliates with tariffs on $75Billion of U.S.imports.

Discussion in 'Political Opinions & Beliefs' started by 61falcon, Aug 23, 2019.

  1. 61falcon

    61falcon Well-Known Member

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    In the tit for tat tariff war between Dirty Donald and China, today China has retaliated by placing tariffs on $75 billion of U.S.manufactured goods which are sold in China.This is something which may potentially hurt American employment.Dirty Donald has also been tweeting up a storm including trying to order American companies to boycott China.He definitely dreams of being a dictator like his friends Putin and L'il Kim.
     
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  2. 61falcon

    61falcon Well-Known Member

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    DOW is not responding well to the news as we are down 420 points as of 11:40 A.M.
     
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  3. Lee Atwater

    Lee Atwater Well-Known Member Past Donor

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    Baby Donald put out another impulsive tweet "ordering" (which he has no right to do) American companies to pull out of China. The market is down 400 on that stupendously stupid tweet.
     
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  4. 61falcon

    61falcon Well-Known Member

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    He definitely has dictator envy!!!
     
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  5. Lee Atwater

    Lee Atwater Well-Known Member Past Donor

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    Can you imagine the tightrope his trade advisers must be walking trying to explain to a petulant moron that he's a petulant moron without using those words.
     
  6. Lee S

    Lee S Moderator Staff Member Past Donor

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    To put things in perspective, The Dow Jones Average when Trump was inaugurated was at 19,827.25. Today it is at 25,821.38. That is an enormous 30.23 percent increase since Trump took office. Is a 400 point drop in the market a big thing? Not comparatively to the economy under other presidents. A 400 point drop with the current market is a relatively small 1.55% drop in the market. If there was a 400 point drop in the stock market when Obama was president and the Dow Jones Average was at 7,550.29, then that would represent a significant 5.3% drop. With a bigger economy, one would expect bigger fluctuations. The 400 point number should be a whole lot less sifnificant than the 1.55% figure. Since the market is at unprecedented highs, then the frame of referrence is skewed and looking at raw number drops without the context of the overall market isn't a productive use of one's time.
     
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  7. Spim

    Spim Well-Known Member Past Donor

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    I've been trying my best to avoid any Chinese products for some time now, long before the potus suggested it.

    once again, ahead of my time.
     
  8. Lee Atwater

    Lee Atwater Well-Known Member Past Donor

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    It's not the magnitude of the drop that matters. It's the erratic behavior of a POTUS who reflexively responds to what China is doing with proclamations outside of his authority. The idiot is all over the map on everything. He says the economy is incredibly strong yet is calling for a rate cut and is considering another tax cut........both things are designed to be stimulative. What's the need if the economy is "fantastic?"
    Yes, the market has done well. That's what happens when you take an economy already growing at a trend rate of around 2% and juice it with a tax cut that boosts corporate profits and a de-regulatory regime that is allowing for more chemical and carbon pollution.
     
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  9. Lee S

    Lee S Moderator Staff Member Past Donor

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    Donald Trump is a mercantilist by nature as opposed to being a politician, libertarian, conservative, or any other name anyone cares to label him. If you look at the President in terms of mercantilism, everything he does is really predictable, and consistent. If you do not understand the President is a mercantilist or if you do not understand what mercantilism is, and most people who have never run a business have no clue what mercantilism is, then his behavior could be seen as erratic.
     
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  10. Texas Republican

    Texas Republican Well-Known Member Past Donor

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    China needs us far more than we need them. If we have a spine, we’ll win the trade war and get FAIR trade with China.
     
    Last edited: Aug 23, 2019
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  11. yardmeat

    yardmeat Well-Known Member

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    I'm not sure we've had a President, at least in modern history, more ignorant of basic economics or more hostile to facts.
     
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  12. 61falcon

    61falcon Well-Known Member

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    I disagree China has 3 times plus our population and therefore offers a vastly larger customer base than we have.They have more to offer every country in the world than we do.
     
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  13. Moonglow

    Moonglow Well-Known Member

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    Donald is trying to throw his weight around this morning and is only embarrassing himself and showing his tyrant side yet again...Fortunately we don't have to listen to what the dawg is barking..
     
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  14. Moonglow

    Moonglow Well-Known Member

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    The Don has proven yet again he is all mouth and zero substance..
     
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  15. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Once again leverage.

    The US imports far more goods than China does from the US.

    They want to go toe to toe... ok. They will lose.
     
  16. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Yeah 3 times more people that cant afford a ford.
     
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  17. 61falcon

    61falcon Well-Known Member

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    Then why does GM sell more cars in China than in the USA????
     
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  18. Lee S

    Lee S Moderator Staff Member Past Donor

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    This is exactly the point that needs to be understood when analyzing trade with China. China has a government which stifles wealth creation and individual initiative. As long as China remains communist, they will never have what it takes to get the majority of its people out of crushing poverty. The Chinese government is brutal enough and willing enough to use that brutality to be in power for a very long time. Governments matter.
     
  19. yardmeat

    yardmeat Well-Known Member

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    But we benefit from those imports. This is all based on mercantilist nonsense. No one wins a trade war. At best, maybe there is something to using leverage to get China to do something about IP rights. At best. But Trump is doing this to other countries too. Our businesses are suffering because Trump apparently slept through Econ 101.
     
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  20. 61falcon

    61falcon Well-Known Member

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    GM 's largest market place has been China for the past 9 or 10 years,so someone in China can buy their cars year after year.
     
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  21. 61falcon

    61falcon Well-Known Member

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    Have any of you people looked at TV video of China??Have you noticed how clean and MODERN most of their cities are in comparison to ours????
     
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  22. StarFox

    StarFox Banned

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    Tsk, tsk, using facts and real numbers only serve to confuse the dimwit party. A waste of time.
     
  23. Sandy Shanks

    Sandy Shanks Banned

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    Trump did it again. This is surreal.

    President Donald Trump appears to have sent the stock market into a dive with a few flicks of his fingers, as the Dow Jones Industrial Average plunged over 200 points in just five minutes following a series of unhinged tweets attacking China and Federal Reserve Chairman Jerome Powell.

    At 10:57 Friday morning, Trump posted a tweet in which he asked “who is our bigger enemy, Jay Powell or Chairman Xi?”

    Then two minutes later, Trump posted a series of tweets ranting against China in which he said, among other things, that “We don’t need China and, frankly, would be far better off without them,” and that American companies are “hereby ordered to immediately start looking for an alternative to China.”


    [​IMG]
    https://www.mediaite.com/news/stock...5-minutes-after-trumps-stunning-china-tweets/

    We are reminded that Putin wanted this man to become our President. No doubt, Putin is quite happy with his choice.
     
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  24. yardmeat

    yardmeat Well-Known Member

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    I hereby order Trump to start taking his meds.
     
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  25. 61falcon

    61falcon Well-Known Member

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    The 25% tariff on American made vehicles sold in China will really hurt U.S.automakers especially GM.
     
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