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Trump threatens tariffs on all $500 billion of Chinese imports

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14 minutes ago, mtls2005 said:

 

This is truly shocking, and relatively recent swing away from the traditional Republican/conservative positions on free trade.

 

I think I said almost exactly the same thing the other day in a different thread on poll results AFTER Trump's Summit speech where something like two-thirds of Republicans still don't believe Russia interfered with the 2016 U.S. presidential election.  Pass the Kool-Aid, please!

 

Same exact total and complete about-face by today's Republicans on their stance toward Russia.  As I mentioned in the other thread, past Republicans must be turning over in their graves at today's Reps...

 

--Abandoned free trade

--Abandoned Russia is an adversary

--Abandoned balanced budget

etc etc...

 

 

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Trump's global trade war (2018), fits in wonderfully with:

Trump Mortgage (2006 - 2007)
Trump Steaks (2007)

Trump Vodka (2006 - 2011)

Trump: The Game (1989 - 1990, 2005)

Trump Ice (2010)

GoTrump.com (2006 - 2007)
Trump Magazine (2007 - 2009)
Trump: The New Jersey Generals (1983 - 1985)
Trump Airlines (1989 - 1992)
Trump Entertainment Resorts (1991,2004, 2009, 2014)
Trump Tower Tampa (2006- 2007)

Trump University (2005 - 2011)

The only thing where Trump has earned money was with the laundry of black money of Russian oligarchs in his construction projects.
 

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They will need shiploads of antidepressiva when American farmers (already the occupational category with the highest suicide rate) and workers in the manufacturing sector, will learn about China's counter measures.

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The US has a gargantuan (and ultimately unsustainable) debt, financed mostly by Asia.

The US buys a lot more from Asia than the other way round.

Maybe the US should first learn to live within its means before blaming Asia????

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4 hours ago, AYJAYDEE said:

Time to start dumping US treasuries!! The Chinese will unload in a big way!

You just shift the US debt to another country. There's plenty of demand for US T-bills, ie., Russia, Canada, Mexico, etc. to maintain its value as a debt instrument.

So what's the point?

If you mean by "dumping" to sell off US T-bills at a deep discount for quick sale, China takes a loss and the buyer makes more than the stated interest rate on the bond.

So again, what's the point?

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1 minute ago, Srikcir said:

You just shift the US debt to another country. There's plenty of demand for US T-bills, ie., Russia, Canada, Mexico, etc. to maintain its value as a debt instrument.

So what's the point?

If you mean by "dumping" to sell off US T-bills at a deep discount for quick sale, China takes a loss and the buyer makes more than the stated interest rate on the bond.

So again, what's the point?

china will need the money so they will start dumping, the price will fall. I'm gonna dump first

 

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26 minutes ago, whatsupdoc said:

The US has a gargantuan (and ultimately unsustainable) debt, financed mostly by Asia.

The US buys a lot more from Asia than the other way round.

Maybe the US should first learn to live within its means before blaming Asia????

They buy a lot more from Asia due to being cheap with no import taxes

Where as they can't sell anything abroad due to import taxes 

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Donald, do not start a war if you're not sure of winning it

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1 hour ago, tomacht8 said:

Trump: The New Jersey Generals (1983 - 1985)

 

He still harbors a grudge against the NFL, part of the reason for his idiotic comments on the players kneeling (that, and whipping up his 'base').

 

The Dallas Cowboys are now estimated to be worth $ 4.8 BILLION dollars.

 

Trump once had the chance to buy that storied franchise for $ 50 Million dollars.

 

https://www.cbssports.com/nfl/news/donald-trump-once-had-the-chance-to-buy-the-cowboys-at-a-dirt-cheap-price/

 

TRUMP BUILDING THE GENERALS IN HIS OWN STYLE

 

Real-estate developer, new owner of the New Jersey Generals of the United States Football League, at the 68-story Trump Tower on Fifth Avenue:

 

One does not see Donald Trump right away, though; one first must see the eight-minute slide show about Trump Tower and Donald Trump.

 

One is ushered into a plush room - but everything about Trump Tower is plush, from the six-story-high atrium with waterfall in the marble lobby, to a pink marble football on a bronze tee in his office. (There is, however, a sense of style, and the lobby has a pianist and violinist playing in tuxedos, and the marble football has white cotton laces.)

 

 

https://www.nytimes.com/1984/01/01/sports/trump-building-the-generals-in-his-own-style.html?pagewanted=all

 

 

 

But, but, but he's such a successful businessman. Reminds me more Vincent Adultman, a "businessman" on BoJack Horseman.

 

 

 

trump-cowboys.jpg

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2 hours ago, BuaBS said:

Depends on which news you believe .

china-weaponizes-yuan-weakens-fix-most-2016

us-monitoring-china-currency-manipulation-mnuchin-confirms-trumps-concerns

No doubt I trust ZH much , much more than bloomberg.

I guess if you believe in Zero Hedge Fund (the guy in charge is a fan of Steve Bannon's economic analysis) you'll believe anything.  To be blunt, Zero Hedge Fund is a fake news source. No question about it.

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2 hours ago, mtls2005 said:

 

This is truly shocking, and relatively recent swing away from the traditional Republican/conservative positions on free trade.

 

 

 

 

Here are a few countries and circumstances that have changed the attitude to the US to the negative.
Thanks to Trump's insults to countries and individuals.

All of Africa (54 African states) – shithole countries.
Mexico - Criminals and rapists (Trade war)
Canada - has really stabbed us in the back somehow (Trade war)
EU (28 states) – the foe – (Trade war)

G7 - Breach of contract within 24 hours (Trade war)
China – took advantage of us (Trade war)
NATO (29 States) - Good breakfast- (betrayal of trust)

Paris Climate Protocol (197 Nations) - a blatant minus business. (US isolation)

Süd Korea - Undisclosed commitments from Trump (betrayal of trust)
Iran - Exit from the nuclear contract - Malicious system – (US isolation)
and many more.
 

And here the never ending list from 487 People, Places and Things Donald

Trump has insulted so far.

https://www.nytimes.com/interactive/2016/01/28/upshot/donald-trump-twitter-insults.html

 

And more than 70 percent of Republican and Republican-leaning U.S. adults believe  that will be good for the Country?
Who are those people?
Are they completely isolated from world news or what?

 

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2 hours ago, TallGuyJohninBKK said:

 

Let's see... who should I believe....   head in the sand Republicans, or the world's economists??

 

Tough choice, but in this case, I think the head in the sanders are NOT going to get my vote!

 

This is not a game Trump and Co. are going to win, at least the confrontational way they're playing now. And in the end, I'm afraid it's average Americans (and others elsewhere) who will end up really losing.

 

 

But they'll blame Democrats, and Trump cs will come out shining. They believe him, whatever happens, whatever he says. Other Repu8blicans are afraid they'll lose, so also have to be seen supporting him.

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20 hours ago, FritsSikkink said:

Consumer prices in the USA through the roof, well done.

You've got a long way to go before you start paying what the rest of the developed world does for most stuff.

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10 minutes ago, tropo said:

You've got a long way to go before you start paying what the rest of the developed world does for most stuff.

well as they no longer make stuff and tariffs are gonna affect imports, they'll soon catch up!

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1 minute ago, AYJAYDEE said:

well as they no longer make stuff and tariffs are gonna affect imports, they'll soon catch up!

They better get cracking then (making stuff). It was never going to happen overnight.

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