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Trump threatens tariffs on all $500 billion of Chinese imports


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Just now, tropo said:

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

too late. training wasnt done, skills lost,  corporates more interested in financial derivatives than manufactures, infrastructure deteriorated, education system out of date

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2 minutes ago, AYJAYDEE said:

too late. training wasnt done, skills lost,  corporates more interested in financial derivatives than manufactures, infrastructure deteriorated, education system out of date

It's time to find out. A new America!! 

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8 minutes ago, tropo said:

It's time to find out. A new America!! 

China and Arabic cultures both tried insulating themselves from the outside world and sank into irrelevance as a result. it will be a new america alright! Mediocre America!

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7 minutes ago, AYJAYDEE said:

China and Arabic cultures both tried insulating themselves from the outside world and sank into irrelevance as a result. it will be a new america alright! Mediocre America!

Or maybe a GREAT America. Don't send back the illegal immigrants, forget the wall. Invite them in and put them to work.

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6 minutes ago, tropo said:

Or maybe a GREAT America. Don't send back the illegal immigrants, forget the wall. Invite them in and put them to work.

that would have worked for china and arab society too.But america is proving that the ultra conservative, nationalists  are cohesive while the progressives are not and will cut off their noses to spite their faces. Trump isnt causing this, he is simply a mirror reflecting what america has become. education and expertise are condemned, gut reaction and this hilarious respect for "the school of hard knocks" is the feeling of the day! China and India and probably Europe and Russia as well are gearing up to leave little old america in the backwaters of economic growth.

 

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4 hours ago, AYJAYDEE said:

too late. training wasnt done, skills lost,  corporates more interested in financial derivatives than manufactures, infrastructure deteriorated, education system out of date

You forgot wages too high, worker protection, workers not interested in low paying jobs, etc.

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4 hours ago, AYJAYDEE said:

that would have worked for china and arab society too.But america is proving that the ultra conservative, nationalists  are cohesive while the progressives are not and will cut off their noses to spite their faces. Trump isnt causing this, he is simply a mirror reflecting what america has become. education and expertise are condemned, gut reaction and this hilarious respect for "the school of hard knocks" is the feeling of the day! China and India and probably Europe and Russia as well are gearing up to leave little old america in the backwaters of economic growth.

 

Man nothing in this post is true. Sometimes I just cant comprehend why you guys insist on completely inventing an alternate reality and then feel pleased about this parallel universe you just made up so that you can hope for the demise of the United States. 

 

Capitalism and necessity drive innovation so as long as the Democrats stay far away from being the major legislative body we will be just fine. America is a massive country with an absolutely massive economy that isnt going to be crushed by the Chinese. 

 

Free trade isnt free when the other country charges tarriffs, on top of their intellectual property theft, copyright theft, bootlegging, counterfeiting, and use of extremely low wage labor to produce terribly non-QC'd products for mass export. It isnt a level playing field, and it certainly isnt free trade. 

 

You approach this from a position of wanting to see the USA decline, and thats fine, up to you, but if you'd rather have a wholly united Russia and China and Iran controlling world economics and trade, all because you're butthurt that the USA straight owns wherever you're from, then there is something entirely messed up in that noggin of yours, and thats entirely your problem, and luckily that will never happen. 

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13 minutes ago, UncleTouchyFingers said:

 

Man nothing in this post is true. Sometimes I just cant comprehend why you guys insist on completely inventing an alternate reality and then feel pleased about this parallel universe you just made up so that you can hope for the demise of the United States. 

 

Capitalism and necessity drive innovation so as long as the Democrats stay far away from being the major legislative body we will be just fine. America is a massive country with an absolutely massive economy that isnt going to be crushed by the Chinese. 

 

Free trade isnt free when the other country charges tarriffs, on top of their intellectual property theft, copyright theft, bootlegging, counterfeiting, and use of extremely low wage labor to produce terribly non-QC'd products for mass export. It isnt a level playing field, and it certainly isnt free trade. 

 

You approach this from a position of wanting to see the USA decline, and thats fine, up to you, but if you'd rather have a wholly united Russia and China and Iran controlling world economics and trade, all because you're butthurt that the USA straight owns wherever you're from, then there is something entirely messed up in that noggin of yours, and thats entirely your problem, and luckily that will never happen. 

As you say, nothing in this post is true.

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1 minute ago, stevenl said:

As you say, nothing in this post is true.

 

Lmao, yeah, uh huh, its far more likely that this is the beginning of the end of the biggest democratic capitalist country the world has ever known, that has the strongest economy, strongest military, some of the best universities globally, all because.... Trump and Chinese tariffs. 

 

Im really not sorry at all to tell you that you're going to be extremely disappointed to know that the USA has everything going for it, and is extremely well footed to both negotiate and weather the storm here. 

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9 minutes ago, UncleTouchyFingers said:

 

Lmao, yeah, uh huh, its far more likely that this is the beginning of the end of the biggest democratic capitalist country the world has ever known, that has the strongest economy, strongest military, some of the best universities globally, all because.... Trump and Chinese tariffs. 

 

Im really not sorry at all to tell you that you're going to be extremely disappointed to know that the USA has everything going for it, and is extremely well footed to both negotiate and weather the storm here. 

keep whistlin past that graveyard pal! lol

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The responsibility for the trade deficits and dependence upon China lies with the US consumer. It is that consumer who demanded low prices and accepted the accompanying poor quality. It is the US  based companies which moved their production to China, and it is the US public that looked the other way when the pollution and toxic waste created by the production poisoned and killed the Chinese. Greed and selfishness has a cost. Pay the price or change your ways.

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13 minutes ago, UncleTouchyFingers said:

 

Lmao, yeah, uh huh, its far more likely that this is the beginning of the end of the biggest democratic capitalist country the world has ever known, that has the strongest economy, strongest military, some of the best universities globally, all because.... Trump and Chinese tariffs. 

 

Im really not sorry at all to tell you that you're going to be extremely disappointed to know that the USA has everything going for it, and is extremely well footed to both negotiate and weather the storm here. 

I don't necessarily believe you, but why the conclusion that I am going to be disappointed if the USA does well?

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Just now, geriatrickid said:

The responsibility for the trade deficits and dependence upon China lies with the US consumer. It is that consumer who demanded low prices and accepted the accompanying poor quality. It is the US  based companies which moved their production to China, and it is the US public that looked the other way when the pollution and toxic waste created by the production poisoned and killed the Chinese. Greed and selfishness has a cost. Pay the price or change your ways.

too late, the horse is outta the barn

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7 minutes ago, stevenl said:

I don't necessarily believe you, but why the conclusion that I am going to be disappointed if the USA does well?

 

Your constant negativity and desire for a "gotcha/told-you-so" moment combined with your defense of some of the most ridiculous and negative takes on this board regarding the topic. 

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On 7/21/2018 at 2:11 AM, AYJAYDEE said:

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

you are a big Trump !!

 

you think the world is so easy??

 

dumping us tresuarys means

- big losses for chinese bcs the value shrinks, the us dollar  devalued, 

-intrest in us would go up

- rezession in us  and lower export for china would leed them to rezession, both the us and china , and whats with chinese depts ?? they are hudge,and the biggest financial bubble in history ,china ,would imploed

-and whats with all the rest ..a big turmoil on the stockmarket would give the rest

 

forward thinking is not a stronghold  for you, your better than TRump

 

the fact is

 

The US manufacturing sector had 70% part on the BIP in the 70s, today only 16% ,a country without manufacturing cant survive in longterm.

 

and the world was always in anger, that the US live on depts and consumption, now trump want to change it, and the world angry again...................

 

a lot of trumps ideas make sense. and inminimum trump is changing something, to good or bad , is open... but thats even better, than this consesus goverments of the past

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1 minute ago, lapamita said:

you are a big Trump !!

 

you think the world is so easy??

 

dumping us tresuarys means

- big losses for chinese bcs the value shrinks, the us dollar  devalued, 

-intrest in us would go up

- rezession in us  and lower export for china would leed them to rezession, both the us and china , and whats with chinese depts ?? they are hudge,and the biggest financial bubble in history ,china ,would imploed

-and whats with all the rest ..a big turmoil on the stockmarket would give the rest

 

forward thinking is not a stronghold  for you, your better than TRump

 

the fact is

 

The US manufacturing sector had 70% part on the BIP in the 70s, today only 16% ,a country without manufacturing cant survive in longterm.

 

and the world was always in anger, that the US live on depts and consumption, now trump want to change it, and the world angry again...................

 

a lot of trumps ideas make sense. and inminimum trump is changing something, to good or bad , is open... but thats even better, than this consesus goverments of the past

I dont understand ESL

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52 minutes ago, UncleTouchyFingers said:

 

Your constant negativity and desire for a "gotcha/told-you-so" moment combined with your defense of some of the most ridiculous and negative takes on this board regarding the topic. 

Negativity? Only about Trump. I am a very optimistic person, a pity really since optimists live a shorter life than pessimists. I think it is a happier life though.

 

Looks like you'll have a very long life.

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On ‎7‎/‎21‎/‎2018 at 5:35 AM, FritsSikkink said:

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

Soooo, it's all right to exploit the poor in China rather than pay proper wages to make stuff in the US? All so the 1% can get even more wealthy, while screwing the workers of the US.

I hope he does it, 500% tariffs on everything from China that enters the US. Almost everything I've bought made in China ( because it's almost impossible to buy anything else now ) is junk, and breaks way too soon.

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52 minutes ago, thaibeachlovers said:

500% tariffs on everything from China

It's not 500% tariff but a 10% tariff on $500 billion worth of Chinese products.

That's likely not enough to stop American consumers from still purchasing Chinese goods but still low enough not to shift manufacturing those same products in the US anytime in the near future.

 

But the tariffs will be high enough to diminish American purchasing power and cause inflation. The FED just recently raised its benchmark short-term interest rate a quarter percentage point  and indicated that two more increases are likely this year. The move pushed the funds rate target to 1.75% to 2% to slow inflation.

https://www.cnbc.com/2018/06/13/fed-hikes-rate-by-a-quarter-point.html

 

Trump ripped the FED for this and planned rate increases.

“I don’t like all of this work that we’re putting into the economy and then I see rates going up,”

“Chinese currency was dropping like a rock” and the strong U.S. dollar “puts us at a disadvantage.”

https://www.reuters.com/article/us-usa-trump-fed/trump-criticizes-federal-reserve-interest-rate-policy-despite-strong-economy-idUSKBN1K92KC

Wait until Trump sees the next two FED rate increases. While the FED is trying to remove economic fuel that is overheating the economy, Trump's economic policies if continued will add more fuel to economic inflation.

In the meantime if China's currency is indeed "dropping like a rock," it can find willing substitute buyers in places like the EU, South America and Africa. Then who wins Trump's tariff war?

 

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