Are trade wars good and easy to win?

Discussion in 'Asia' started by reedak, Oct 10, 2018.

  1. reedak

    reedak Well-Known Member

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    Donald Trump tweeted on Mar 2, 2018:

    "When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!"

    However, his unbridled optimism was dashed on October 11, 2018 when the words BREAKING NEWS continually flashed across the television screen:

    "Dow sheds over 800 points (-831.83), worst drop since February. Worst day for US tech stock since August 2011."

    https://twitter.com/realDonaldTrump/status/969525362580484098

    https://money.cnn.com/data/markets/dow/
     
    Last edited: Oct 10, 2018
  2. reedak

    reedak Well-Known Member

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    2. Another day of bloodbath in the stock market, or rather, "waterbath" -- very wet, from the standpoint of water.

    Wall Street posts second day of steep losses, falling over 500 points (-545.91).

    Instead of threatening he has "a lot more to do" on China trade, Trump should realise he has "a lot more to do" on his own country's economy, otherwise Wall Street can keep falling like "Trumpty Drumpty".

    https://money.cnn.com/data/markets/dow/

    https://www.reuters.com/article/us-...e-has-a-lot-more-to-do-on-china-idUSKCN1ML1TF

    http://www.politicalforum.com/index...man-of-the-mountain-1.530840/#post-1068961728
     
  3. yiostheoy

    yiostheoy Well-Known Member

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    Trade war is the only solution to unfair trade.

    Trump has got that right.

    Xi's days of cheating are over.
     
  4. reedak

    reedak Well-Known Member

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    Are you sure or not?

    If the trade war continues, it could have a serious impact on the political fortunes of Trump and his party.

    Source: https://www.outsidethebeltway.com/how-will-trumps-trade-war-impact-american-politics/

    Whether you have the right or not, once you jump down from a skyscraper, that is the end of you. Like the law of gravity, market forces work in the same way for everybody whatever his nationality or right.

    As shown in the recent US market bloodbath, or rather, "waterbath" (very wet, from the standpoint of water), Trump and his countrymen are not exempted from the disastrous consequences of trade wars. Moreover, it is questionable whether Trump and his country have got that right, as claimed by you.

    (c) If a population of over 329,800,000 (and you are one of them) can be "cheated" by one man, as claimed by you, that country absolutely has no hope in the future.
    Don't forget, Senator Marco Rubio had warned Americans that Donald Trump Is a con man, and you are so dumb and gullible to believe in a con man ! :xd:

    https://countrymeters.info/en/United_States_of_America_(USA)

    http://prospect.org/article/marco-rubio-right-donald-trump-con-man
     
    Last edited: Oct 12, 2018
  5. yiostheoy

    yiostheoy Well-Known Member

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    Yah @reedak I am positive.

    You should have learned this too in American History back in the 8th Grade.
     
    Last edited: Oct 13, 2018
  6. reedak

    reedak Well-Known Member

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    My great friend, you seem to have gone beyond the 8th grade. Unfortunately, talented people like you seem never have the luck to be elected into the White House. Instead, a dude with the mentality of a third-grader was chosen to run the country.

    If you run for the next presidential election in 2020, I shall support you sky-high with my hands and legs. :angel:

    https://www.politico.com/magazine/story/2015/08/donald-trump-talks-like-a-third-grader-121340
     
  7. yiostheoy

    yiostheoy Well-Known Member

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    Yes, way beyond 8th Grade, which you yourself seem to have slept through, because 8th Grade is where American students are first taught about protective tariffs -- the pro's and the con's.
     
    Last edited: Oct 13, 2018
  8. reedak

    reedak Well-Known Member

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    Unfortunately, your idol or cult leader is still wallowing in the wet mud of third grade -- wet, from the standpoint of water.

    That's why if you run against him in the next presidential election, I shall support you sky-high with my hands and legs. :angel:
     
  9. yiostheoy

    yiostheoy Well-Known Member

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    I did not vote for Trump.

    You should write that down somewhere so you can remember it.

    Or better yet tatoo it on your forehead.
     
  10. reedak

    reedak Well-Known Member

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    I know you only voted for yourself.

    That's why I am going to support you sky-high with my hands and legs in the next election whether there is wet rain or not -- wet, from the standpoint of water. :xd:
     
  11. yiostheoy

    yiostheoy Well-Known Member

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    Iggy list for you then.

    I don't have time to read your crap.
     
  12. jay runner

    jay runner Well-Known Member

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    China's economy is in the tank. USA economy keeps getting gooder and gooder.

    Lowest US unemployment in 50 years. Bamm!
     
  13. reedak

    reedak Well-Known Member

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    Yes, your English keeps getting "gooder" and "gooder" just like the stock market which fell -89.44 or -0.35% on 15 October 2018.

    P.S. Continue jay running across the street. :xd:
     
    Last edited: Oct 15, 2018
  14. reedak

    reedak Well-Known Member

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    Look forward to seeing your return soon. :xd:

    By the way, didn't you notice that your so-called "crap" is not plucked out of the thin air by me but originates from countless sources of American "crap"?
     
    Last edited: Oct 15, 2018
  15. reedak

    reedak Well-Known Member

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    1. Dominic Rushe is business editor for Guardian US. He was part of the Guardian team that won the 2014 Pulitzer prize for public service journalism. The following are excerpts from his 20 November 2018 news report under the headline "US stock markets continue to fall, erasing 2018 gains" with the subheading "Technology stocks slid again and fears of a trade war with China worried investors".

    (Begin excerpts)
    US stock markets continued to fall on Tuesday, wiping out all of 2018’s gains as a side in technology stocks grew into a wider selloff and fears of a trade war with China worried investors.

    The Dow Jones Industrial Average lost 555 points in New York, a slide of 2.2% and the Nasdaq, home to Amazon, Facebook and many other tech giants, was down another 1.7% following sharper falls on Monday.

    The leading tech companies have now lost a combined $1trn in value since their year highs.

    But what started as a sell-off of high-flying tech companies spread on Tuesday as the oil price tumbled and investors sold investments in retailers, energy companies and bitcoin. US markets rallied briefly but have now erased all the gains they have made this year.

    Analysts said there were likely to be more wild swings to come. “I don’t think Santa Claus is going to waltz in and give us a rally for Christmas,” said Michael Antonelli, managing director of institutional sales trading at Robert W Baird in Milwaukee.

    ....stock markets are often a leading indicator of economic trends and investors see trouble ahead.

    “Many of the metrics are already at the extremes,” said Jack Ablin, chief investment officer of Cresset Capital. “In many respects we are at the North Pole. No matter what step we take it’s going to be south.”....

    Investors have been “throwing growth stocks and tech in the trash”, said Antonelli. “It’s not that there is new news. It’s tension and nervousness.”

    The sheer size of the tech companies had propped up the stock market rally and their recent wobbles were exposing “deterioration” in the wider market, said Ablin. Corporate America has been buying its own shares, and boosting share prices as a result, at a record-setting rate – $115bn of stock in the first three-quarters of 2018. The Federal Reserve’s decision to keep rates rising is likely to cap that trend, said Ablin.... (End excerpts)

    Source: https://www.theguardian.com/business/2018/nov/20/us-stock-markets-continue-fall-erasing-2018-gains

    2. Meanwhile Cryptocurrencies continued to fall on November 20, 2018. Bitcoin, the big daddy of cryptos, had been trading at $4,444, a price last seen in October last year. By the way, 4 and the word "die" have the same pronunciation in Mandarin and some southern Chinese dialects. Hence 4444 sounds like "Die! Die! Die! Die!"

    P.S. In his constant braggadocio on March 2, 2018, Donald Trump tweeted that "trade wars are good, and easy to win".

    https://www.ofwealth.com/huge-corporate-debts-finally-worrying-stocks/

    https://money.cnn.com/data/markets/dow/
     
  16. modernpaladin

    modernpaladin Well-Known Member

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    Its not good, its just trade war or get screwed. Trade war is the better option.

    Nor is it easy. Just easier than getting screwed, if you have any sense of self determination.

    Trump is oversimplifying, as usual, but as usual, is ultimately correct.
     

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