Trump's Trade Wars - another disaster
POSTED BY: captaincrunch
UPDATED: Tuesday, July 7, 2020 08:51
VIEWED: 14929
PAGE 7 of 17
Quote:Goddamn it, 6ix, you always focus on the trivial and insignificant. Nobody but Trump and you gives a shit about the difference between how the Chinese understand MOA and Trump's and your understanding. When the American negotiator is talking with the translator for the Chinese delegation, the American uses China's understanding of MOA, not yours or Trump's. And the bigger picture, beyond your ego, is that you never see Trump, at least if you look only at the numbers, is a big fat failure. Failure meaning everything he claims to have accomplished would have happened without Trump if Trump went golfing 24/7 for the last 2 years and left everything drifting in whatever direction the GOP controlled Congress pushed it.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by second:Quote:6ixStringJack, let’s cut through your superiority complex crap. This is the trade deficit with China for the last three years.
Originally posted by 6IXSTRINGJACK:
I'm just going to end this conversation now because your partisanship is effecting your credibility about anything else you have to say on the matter.
$346,996,500,000 2016
$375,576,400,000 2017
$382,331,500,000 2018 The final number will be larger when Dec 2018 deficit is included. It is not yet known.
www.census.gov/foreign-trade/balance/c5700.html
Do you see the trend?
The Chinese trade deficit is getting bigger and bigger under Trump. He said it would get smaller and smaller. Trump is a disaster when you look at the numbers.
Now that I think of it, Trump said the National Debt would get smaller and smaller. It is getting bigger and bigger, faster and faster. Trump is a disaster if you look at his numbers rather than listen to the sound of his voice.
“If you were against President Obama’s deficits and now you’re for the Republican deficits isn’t that the very definition of hypocrisy? Don’t you remember when Republicans howled to high heaven that President Obama was spending us into the gutter, spending us into oblivion?”
www.foxnews.com/politics/gop-lawmakers-seek-to-declare-22t-national-de
bt-a-security-threat
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
DID I STUTTER!
I don't give a shit about whatever it is you keep bringing up.
I'm talking about one simple article written about one stupid thing that one stupid guy said, who's stupid author's stupid point was predicated on the FALSE notion that the other stupid guy said something that wasn't stupid.
Quit changing the subject and just say "You're right, 6ix. That article was stupid.".
Do Right, Be Right. :)
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Will Robert Lighthizer restrain Donald Trump’s impulse to take a headline-grabbing and self-defeating China deal? On Monday, Trump crowed to a White House gathering of the nation’s governors that “we’re going to have another summit, we’re going to have a signing summit, which is even better, so hopefully we can get that completed, but we’re getting very, very close.” The more Trump trumpets success before true game-changing progress has been agreed to, however, the more he creates pressure for a bad deal, and the more he undercuts his own negotiators.
Ever since China was admitted to the World Trade Organization in 2001, the trade imbalance between the United States and China has become more and more lopsided. In 2001, the deficit stood at $83 billion. In 2017, it reached $375 billion. Rather than moving toward a more open economy, as enthusiasts of WTO membership predicted, China has intensified its policies of state-led capitalism and protectionism. Combined with its outright technology theft, these policies have enabled China to achieve domination in industry after industry, with grave economic and geopolitical consequences for the U.S.
Robert Lighthizer, the U.S. trade representative, aims to change that. He is dead serious about using America’s economic and political leverage to reset the U.S.-China relationship.
There’s only one person who can undermine what Lighthizer is trying to achieve. That would be Donald Trump. Why? Because in the next few days or weeks, Trump is looking for a quick deal that gives him bragging rights, while Lighthizer is playing a long game for systemic change. The president’s predictably failed summit with North Korea’s Kim Jong Un, as he comes home to face the aftermath of the Michael Cohen hearings, only increases the pressure for a successful “signing summit” on trade with China’s Xi Jinping.
Should that happen, it will be a stunning defeat for America. To date, says China journalist and scholar James Mann, “Lighthizer has been the driving force in persuading Trump not to take deals that would generate headlines but not alter China’s system.” It will take something close to a miracle for Lighthizer to prevail again this time.
More at https://prospect.org/article/trumps-one-good-appointee
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:And yet again today Dow climbed above 26,000 - and here we have another bump of the thread.
Originally posted by JEWELSTAITEFAN:
Why does this thread seem to get bumped when the Markets are climbing? This time to the highest point in almost 4 months.
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Quote:The good news the markets were reacting to is the trade deficit with China will break $400 billion in December 2018, biggest deficit in history. But Trump had promised the smallest deficit. The markets realized the President is weak and ineffectual, a eunuch to be ignored.
Originally posted by JEWELSTAITEFAN:
And yet again today Dow climbed above 26,000 - and here we have another bump of the thread.
www.census.gov/foreign-trade/balance/c5700.html
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:
Originally posted by second:Quote:Goddamn it, 6ix, you always focus on the trivial and insignificant.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by second:Quote:6ixStringJack, let’s cut through your superiority complex crap. This is the trade deficit with China for the last three years.
Originally posted by 6IXSTRINGJACK:
I'm just going to end this conversation now because your partisanship is effecting your credibility about anything else you have to say on the matter.
$346,996,500,000 2016
$375,576,400,000 2017
$382,331,500,000 2018 The final number will be larger when Dec 2018 deficit is included. It is not yet known.
www.census.gov/foreign-trade/balance/c5700.html
Do you see the trend?
The Chinese trade deficit is getting bigger and bigger under Trump. He said it would get smaller and smaller. Trump is a disaster when you look at the numbers.
Now that I think of it, Trump said the National Debt would get smaller and smaller. It is getting bigger and bigger, faster and faster. Trump is a disaster if you look at his numbers rather than listen to the sound of his voice.
“If you were against President Obama’s deficits and now you’re for the Republican deficits isn’t that the very definition of hypocrisy? Don’t you remember when Republicans howled to high heaven that President Obama was spending us into the gutter, spending us into oblivion?”
www.foxnews.com/politics/gop-lawmakers-seek-to-declare-22t-national-de
bt-a-security-threat
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
DID I STUTTER!
I don't give a shit about whatever it is you keep bringing up.
I'm talking about one simple article written about one stupid thing that one stupid guy said, who's stupid author's stupid point was predicated on the FALSE notion that the other stupid guy said something that wasn't stupid.
Quit changing the subject and just say "You're right, 6ix. That article was stupid.".
Do Right, Be Right. :)
I'm looking for you to say that the article you posted was bullshit.
Quote:
Nobody but Trump and you gives a shit about the difference between how the Chinese understand MOA and Trump's and your understanding.
Maybe Trump does. I don't.
Quote:
When the American negotiator is talking with the translator for the Chinese delegation, the American uses China's understanding of MOA, not yours or Trump's.
How do you know that the Chinese got it wrong? How do you know that the Chinese view an MOA differently?
YOUR ARTICLE NEVER ONCE SAID THAT IT DID!!!!!!!!
It just quoted Lighthizer, an American who SHOULD HAVE FUCKING KNOWN WHAT AN MOA IS GIVING A DEFINITION FOR AN MOA THAT IS THE COMPLETE FUCKING OPPOSITE OF WHAT AN MOA IS!!!!!
Quote:
And the bigger picture, beyond your ego, is that you never see Trump, at least if you look only at the numbers, is a big fat failure. Failure meaning everything he claims to have accomplished would have happened without Trump if Trump went golfing 24/7 for the last 2 years and left everything drifting in whatever direction the GOP controlled Congress pushed it.
Meh...
All Presidents I've ever voted for or against were big fat failures. He's yet to do anything that would make me think he was in the top 3.
I'm not defending him here. He ain't my Daddy.
I'm just waiting for you to admit that your article you posted was bullshit.
Do Right, Be Right. :)
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Quote:Okay, it is bullshit. So what did you win? Ignore the article, but I saw the video of Trump castigating Robert Lighthizer in front of the Chinese negotiators. What somebody should have done is made Trump leave the room because clients don't treat their lawyers like that in front the opposite lawyers. Well, Trump does. That is why Trump will lose this negotiation with China. He will declare a victory, but it won't be. China sees who is the weakling (Trump) who knows nothing about how to negotiate, probably because he had a ghost writer for Trump's The Art of the Deal.
Originally posted by 6IXSTRINGJACK:
I'm just waiting for you to admit that your article you posted was bullshit.
Do Right, Be Right. :)
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:
Originally posted by second:Quote:Okay, it is bullshit. So what did you win? Ignore the article, but I saw the video of Trump castigating Robert Lighthizer in front of the Chinese negotiators. What somebody should have done is made Trump leave the room because clients don't treat their lawyers like that in front the opposite lawyers. Well, Trump does. That is why Trump will lose this negotiation with China. He will declare a victory, but it won't be. China sees who is the weakling (Trump) who knows nothing about how to negotiate, probably because he had a ghost writer for Trump's The Art of the Deal.
Originally posted by 6IXSTRINGJACK:
I'm just waiting for you to admit that your article you posted was bullshit.
Do Right, Be Right. :)
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
I win the ability to quote this.
It's good for you too. I've never seen you admit something like that before.
I'm proud of you, buddy.
Do Right, Be Right. :)
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Quote:I have told many people over the years that they win. They won nothing; they understood nothing. I didn't give them anything tangible, but they sure as hell lost my interest because they couldn't grasp even the simplest things in the world I was telling them.
Originally posted by 6IXSTRINGJACK:
I win the ability to quote this.
It's good for you too. I've never seen you admit something like that before.
I'm proud of you, buddy.
Do Right, Be Right. :)
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:
Originally posted by second:Quote:I have told many people over the years that they win. They won nothing; they understood nothing. I didn't give them anything tangible, but they sure as hell lost my interest because they couldn't grasp even the simplest things in the world I was telling them.
Originally posted by 6IXSTRINGJACK:
I win the ability to quote this.
It's good for you too. I've never seen you admit something like that before.
I'm proud of you, buddy.
Do Right, Be Right. :)
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
Cool man.
Do Right, Be Right. :)
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“I am a Tariff Man,” said Trump.
He also claimed that foreigners pay the tariffs he has been imposing.
Now, that last claim is something you can test. The results?
Foreigners paid approximately none of the bill.
U.S. companies and consumers paid all of it.
And the losses to U.S. consumers exceeded the revenue from the new tariffs, so the tariffs made America poorer overall.
Over the course of 2018 Trump imposed tariffs on about 12 percent of total U.S. imports, and many of those tariffs have been in effect long enough that we can get a first read on their consequences.
On Saturday economists from Columbia, Princeton, and the New York Federal Reserve released a paper, “The impact of the 2018 trade war on U.S. prices and welfare,” that used detailed import data to assess the tariffs’ impact. (The paper, by the way, is a beautiful piece of work.)
www.princeton.edu/~reddings/papers/CEPR-DP13564.pdf
How did they get this result? The U.S. government collects data on the prices and quantities of many categories of imports. Many of these categories faced new tariffs, but many others didn’t. So you can compare what happened to the tariffed imports to the de facto control group of untouched imports; this tells you the impact of the tariffs.
Under Trump’s vision, in which foreigners would have paid the tariffs, what you would have expected to see is falling prices for tariffed goods, offsetting the tariff, so that consumer prices didn’t change. What you actually see, however, is no visible effect of the tariffs on import prices. So foreign suppliers don’t seem to have absorbed any of the tariffs, which were fully passed on to consumers; tariff-inclusive prices (Figure 3, page 28 of the paper) have risen by the full amounts of the tariffs.
A simplified explanation of the paper’s conclusion that the tariffs have made America poorer is here:
www.nytimes.com/2019/03/03/opinion/how-goes-the-trade-war.html
By the way, in practice any manufacturing jobs added by the Trump tariffs are probably offset by losses of other manufacturing jobs.
Beyond that, the tariffs have probably contributed to a rising dollar, which makes U.S. exports less competitive.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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