Trump's Trade Wars - another disaster
POSTED BY: captaincrunch
UPDATED: Tuesday, July 7, 2020 08:51
VIEWED: 14929
PAGE 17 of 17
Quote:
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by THG:
T
Deep state describes dedicated, educated professionals.]
Racist
You really don't know much about anything do you Jack?
Chinese dragons are powerful and benevolent symbols in Chinese culture,
with supposed control over watery phenomenon, e.g.
summoning rain during a drought. Dragons are everywhere in China —
in legends, festivals, astrology, art, names, and idioms.
https://www.chinahighlights.com/travelguide/article-chinese-dragons.ht
m
T
Deep state describes dedicated, educated professionals.
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Yep.
Trump's disastrous Trade Deal with China has forced the Dow to drop all the way down to All-Time Record Highs, above 29K.
Genius, author of this thread.
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Trump Roars, and Davos Shrugs
DAVOS, Switzerland—Two years ago President Donald Trump flew here and took the gathering of elites at the World Economic Forum by storm. Every conversation seemed to revolve around the American leader and his signature brand of political disruption.
Trump came back this year, and was greeted with a shrug.
https://www.msn.com/en-us/news/opinion/trump-roars-and-davos-shrugs/ar
-BBZdZTW?ocid=msn360
The world is done with Trump...
T
Deep state describes dedicated, educated professionals.
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Quote:
Originally posted by THG:
Trump Roars, and Davos Shrugs
DAVOS, Switzerland—Two years ago President Donald Trump flew here and took the gathering of elites at the World Economic Forum by storm. Every conversation seemed to revolve around the American leader and his signature brand of political disruption.
Trump came back this year, and was greeted with a shrug.
https://www.msn.com/en-us/news/opinion/trump-roars-and-davos-shrugs/ar
-BBZdZTW?ocid=msn360
The world is done with Trump...
T
Deep state describes dedicated, educated professionals.
I think the world is done with America.
They're just pissed off now that they don't have a president that literally bends down and kisses everybody's ring like Obama did.
Do Right, Be Right. :)
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Quote:
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by THG:
Trump Roars, and Davos Shrugs
DAVOS, Switzerland—Two years ago President Donald Trump flew here and took the gathering of elites at the World Economic Forum by storm. Every conversation seemed to revolve around the American leader and his signature brand of political disruption.
Trump came back this year, and was greeted with a shrug.
https://www.msn.com/en-us/news/opinion/trump-roars-and-davos-shrugs/ar
-BBZdZTW?ocid=msn360
The world is done with Trump...
T
Deep state describes dedicated, educated professionals.
I think the world is done with America.
They're just pissed off now that they don't have a president that literally bends down and kisses everybody's ring like Obama did.
I am not posting this in response to you, Jack. I am posting it to show others who read it, the contrast between your understandings of the world and how ignorant you are. An ignorance shared by Trump and his Trumpets.
Trump is destroying Americas’ influence globally. Influences that took generations to create. Those influences allowed us to marshal the world’s powers to promote American interests. It began with the destruction of the Trans-Pacific Partnership.
You stupid, ignorant loser.
"China has overtaken the US with the largest diplomatic network in the 2019 Lowy Institute Global Diplomacy Index.
The 2019 Global Diplomacy Index, released on Wednesday by the Lowy Institute, takes stock of how the world’s diplomatic networks are expanding and shrinking. Of the 61 countries covered in the Index – among them all OECD, G20, and most Asian countries – 34 grew their networks between 2017 and 2019.
With a hollowed-out State Department – only 73% of key positions are filled, according to the Washington Post’s tracker set up for this purpose – and the Trump administration’s attempts to cut the State Department and USAID budgets by up to 23%, American diplomacy is looking rudderless."
https://www.lowyinstitute.org/the-interpreter/world-diplomacy-stocktak
e-shifting-ranks
T
Deep state describes dedicated, educated professionals.
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This morning's Trump tweet:
Donald J. Trump @realDonaldTrump
The United States cannot, & will not, become such a difficult place to deal with in terms of foreign countries buying our product, including for the always used National Security excuse, that our companies will be forced to leave in order to remain competitive. We want to sell product and goods to China and other countries. That’s what trade is all about. We don’t want to make it impossible to do business with us. That will only mean that orders will go to someplace else. As an example, I want China to buy our jet engines, the best in the World.
I have seen some of the regulations being circulated, including those being contemplated by Congress, and they are ridiculous. I want to make it EASY to do business with the United States, not difficult. Everyone in my Administration is being so instructed, with no excuses...
....THE UNITED STATES IS OPEN FOR BUSINESS!
8:37 AM · Feb 18, 2020·Twitter for iPhone
https://twitter.com/realDonaldTrump/status/1229776842644709378
Very smart Trump has found a clever way to put Boeing out of business and replace it with Made-In-China planes:
Trump blasts proposed U.S. restrictions on sale of jet parts to China
www.reuters.com/article/us-usa-trade-china/trump-blasts-proposed-u-s-r
estrictions-on-sale-of-jet-parts-to-china-idUSKBN20C1ZV
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Carmakers Choose Mexico Over U.S., Despite Trump's Claim NAFTA Would Create Jobs
The new NAFTA, known as the U.S.-Mexico-Canada Agreement (USMCA), requires at least 40 percent of vehicles to be manufactured where workers earn at least $16 an hour in order for the vehicles to be tariff-free within the region. The condition was aimed at helping boost production in the U.S., where hourly wages are higher than in Mexico. Rather than move jobs back to America, the manufacturers raised wages in Mexico to $16 per hour.
Several carmakers, who had previously laid out their production bases according to the old NAFTA deal, are willing to raise labor costs or pay the tariffs to keep operations running in Mexico and ultimately avoid the cost of moving production.
Keihin, a Japanese car parts maker associated with Honda, is reportedly raising its hourly wages for factory workers in Mexico to the required $16 minimum this month, which is triple the average pay rate of a parts factory in Mexico.
Despite Keihin tripling labor costs, raising wages was reported to be cheaper than the cost of moving following the financial impact of the COVID-19 pandemic, Nikkei reported.
Japanese car parts maker Piolax is also planning to raise the hourly wage at its Mexican plant to $16 within this year to meet the USMCA requirements. The company is also installing robots to help curtail the increasing labor costs, Pilolax President Yukihiko Shimazu confirmed.
Around 13 to 14 percent of all cars sold in the U.S. are expected to be subject to tariffs, according to U.S. research agency the Center for Automotive Research. Consumers may foot the bill of these tariffs should carmakers pass on the cost to consumers by hiking car prices, which could rise by $470 to $2,200.
The center also estimated 70,000 to 360,000 jobs will be lost, leading to a $6 billion to $30.4 billion reduction in GDP (about $85,000 per job lost), while U.S. car sales will drop by up to 1.3 million units annually due to the Trump administration's trade policy, including sanctions on China.
Back in January, Trump noted that renegotiating NAFTA was "probably the number one reason that I decided to lead this crazy life that I'm leading right now," while signing the USMCA. "I keep my promises, and I'm fighting for the American worker," Trump said. Too bad you destroyed 360,000 American jobs, Trump, to keep your promise, but you did make Mexicans richer. That would count for something if Mexicans could vote for an American President.
More at www.newsweek.com/carmakers-choose-mexico-over-us-despite-trumps-claim-
nafta-would-create-jobs-1515637
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Nobody cares.
Do Right, Be Right. :)
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Quote:American auto workers care that Trump killed 360,000 jobs. Mexican auto workers care that they will get $13.50/hour pay increase because of Trump.
Originally posted by 6IXSTRINGJACK:
Nobody cares.
Do Right, Be Right. :)
According to AlixPartner data, Mexican workers at parts plants make around $1.50 an hour, with those on an automotive assembly line earning $2.50. Work in the U.S. varies from company to company, but even low-end parts jobs generate 10 times the pay, with assembly lines at a Ford or General Motors plant worth $70 an hour or more in pay and benefits.
www.nbcnews.com/business/business-news/it-s-already-been-rough-year-au
tomakers-was-usmca-n1232641
Fewer jobs in America. More jobs in Mexico. Trump should be proud of what he did.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Fake news.
Do Right, Be Right. :)
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