US manufacturing survey shows worst reading in a decade

Trump outperformed his polling by an average of about 1%.

 

Soybean exports to china were down 90% at one point. Its kind of s silly asking for such an example because exports to a given country - rise and fall on a regular basis depending on the product.

 

Food is the only thing they buy in quantity that comes from here. There are a few other thing but not in large quantity

 

They buy a fair bit of oil - with good potential for buying more..

what is your point though ?

 

My point is come winter they "may" have a change of heart.

 

<Rule 2>

You forgot to mention that small businesses also got a nice tax break. You also might like to know that the majority of workers in this country work for small businesses.

 

Well .. China needs lots of pork soy and other things. Market factors have also been ganging up on China with respect to disease outbreak in their pork industry.

Long term though - China could have other options. At the end of the day it would be nice to play in that market so I hope Trump ends this war and gets a deal done soon. The sooner the better. Protectionism hurts economies that engage in it ...

Building barriers to entry into competitive markets is a dangerous game. And this is what protectionism does .. When there are barriers to for our companies - but not for the companies of other nations (as is the case right now in China) ... this puts us at a competitive disadvantage.

We can sustain this against one nation - even a market as big as China and while this is undesirable - what we don't want is to engage in protectionism - and have a trade war going - with much of the rest of the world at the same time.

This sets up a situation where we have a competitive disadvantage over too much of the pie .. where these other nations are at an advantage relative to the US in terms of trade with each other.

This situation - having a war with much of the world at the same time - also significantly weakens our leverage over China.. in fact it gives China incentive to keep the war going longer because while they are at a competitive disadvantage with the US .. they are at an advantage in enough markets to represent a larger piece of the pie than what the US constitutes.

For this - and other reasons - is why it is ill advised and very dangerous to go to economic warfare with most of the world at the same time.

But, this is exactly what Trump is doing - and we are getting into very dangerous territory.

 

I get all that, so if not tariffs, then what?

 

I don't think you did get it. I never said "no tariffs" I said don't go to economic war with the whole world at the same time.

We have tariffs with many nations - and they on us but - it is not "economic war" - distinguished in my post as being where tariffs on our goods are greater than tariffs for other countries on that same good .. in some country.

If a tariff on Oil is 10% - but applies across the board to all imports .. we are not at a competitive disadvantage against other nations.

Also - economic war involves more than just tariffs .. so why you would restrict your definition of "economic war" to tariffs - I do not know ?

Clearly we are not on the same page here.

Trump is engaging in economic warfare by threatening to block nations banks and corporations out of the US system of international payments should they not comply Trump's unilateral Iran Sanctions.

This is turning the nations of the world against us - in ways that puts up barriers to our corporations with respect to competitive advantage/disadvantage.

Trump has some of our strongest allies - speaking out against Trump and by inference the US - in the strongest possible language.

"you are messing with our sovereignty" - not in private - but in public on the international stage.

Trump using the 'nuclear option - described above" has also expedited the efforts of nations to come up with a valid competitor to the sole reserve currency status of the US dollar.

Make no mistake - the day that a valid competitor exists to the US dollar - is the day the History books will mark as the defacto end of the US economic empire.. Full Stop.

 

Two weeks before the election he was down 10 points. Yes I would say he outperformed your poll. lol

 

T

you dont know anything below the headline

So its useless information

 

Soybeans are not a manufactured product

 

...and?

My point remains. The small business owners who got that tax break (because it surely did not suddenly appear in the hands of those workers) were not given any new incentive to spend their new found wealth on any large segment of the population.

 

And the day before he was down by 3.4%. He ended up winning by a few thousand.

Like I said, across the board, trump outperformed his polling by about an average of 1%.

 

With the country being torn apart by impeachment and government at a standstill. With it appearing a Democrat might be sitting in the White House and a Democrat congress in the very near future.......nope. We'll be lucky to maintain what we have. I've already lowered my exposure.

 

The self-proclaimed patriots already betting against America. LOL!

 

Ah, so if the GOP tax cut had just a liiiittttttllllleee longer to work before trump engaged in impeachable conduct, then all of his promises on this issue would not have failed.

Great talking point.

 

Confidence in the economy would certainly be higher.

Tell me what are the Democrats offering to get us into that 3%+ growth and cutting the deficit?

 

It's not a bet. Convience me the Democrats have a plan to lower the deficit and hit 3%+ growth.

 

Raise taxes on the wealthy, end the trade wars, and cut military spending while simultaneously finding smarter and more efficient manners of handling some of the largest expenses, like medical bills.

 

Oh.............so you are looking for free stuff?

A hand out?

Small businesses create wealth through jobs and the goods they create.

But, but, but.............they owe you?

 

Which is to be used for NEW even HIGHER spending. Which candidate has said they will use that to cut the deficit?

And lose more jobs overseas?

And use that money on NEW even HIGHER spending.

By increasing government spending.

So how are they going to grow the economy when they want to tax all that capital out of the markets?

 

Tax rates have little to do with GDP. If anything we should be higher.