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Thread: China is winning Trumps trade war

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    Default China is winning Trumps trade war

    “China is winning Trump’s trade war,” ran the mocking headline atop Heather Long’s Sunday story in The Washington Post, which observed that Trump and his top economic adviser, Larry Kudlow, had gotten no specific promises from the Chinese on reducing the trade deficit, prosecuting intellectual property theft (meaning the theft of patents and business secrets), limits on Chinese investment in the U.S. or much of anything else. If anything, the administration retreated on all fronts: Kudlow told reporters on Friday that Chinese negotiators had agreed to reduce the deficit by “at least” $200 billion, but the Chinese immediately denied it and the official statement released by the White House the next day mentioned no such number.

    Sen. Marco Rubio, R-Fla., a onetime Trump primary opponent who is clearly trying to position himself as lead carrion bird of the post-Trump GOP, tweeted, “Why do U.S. officials always fall for China trickery?” (Which reads a lot like an actual Trump tweet, with superior literacy skills.) Former steel industry executive Dan DiMicco, who has tried to shore up Trump’s rearguard flank with the Bannonite “economic nationalism” crowd, tweeted plaintively, “Did president just blink?” (If you have to ask, Dan, you know the answer.

    Things were no better to Trump’s left, where Senate Minority Leader Chuck Schumer — whose views on trade are largely Republican-lite — accused him of selling out “for a temporary purchase of goods.” Sen. Ron Wyden of Oregon, a pro-union Democrat who had largely held fire on the tariff policy, issued a statement saying that after “the tough-guy rhetoric, the administration is simply getting rolled on trade with China.”

    Of course it’s no surprise that Chinese state media proclaimed this result a great victory, in which “China didn’t ‘fold’” to Trump’s so-called pressure but “stood firm,” in the words of a China Daily editorial. But I’m not aware of anyone, anywhere, in the Western press who seriously suggests that’s a misinterpretation.

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    I'm Shocked ...
    ONE-N-DONE, YOU GOT PLAYED; Time To Play-On
    Remember ... ELECTIONS HAVE CONSEQUENCES ... So STFU Bitch

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    Clearly. I heard the other day that $16B more is being doled out to Farmers. Amazing how Trump supporters have no problem with this form of welfare….

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    Trump is a moron. His supporters are idiots.

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    Quote Originally Posted by floridafan View Post
    “China is winning Trump’s trade war,” ran the mocking headline atop Heather Long’s Sunday story in The Washington Post, which observed that Trump and his top economic adviser, Larry Kudlow, had gotten no specific promises from the Chinese on reducing the trade deficit, prosecuting intellectual property theft (meaning the theft of patents and business secrets), limits on Chinese investment in the U.S. or much of anything else. If anything, the administration retreated on all fronts: Kudlow told reporters on Friday that Chinese negotiators had agreed to reduce the deficit by “at least” $200 billion, but the Chinese immediately denied it and the official statement released by the White House the next day mentioned no such number.

    Sen. Marco Rubio, R-Fla., a onetime Trump primary opponent who is clearly trying to position himself as lead carrion bird of the post-Trump GOP, tweeted, “Why do U.S. officials always fall for China trickery?” (Which reads a lot like an actual Trump tweet, with superior literacy skills.) Former steel industry executive Dan DiMicco, who has tried to shore up Trump’s rearguard flank with the Bannonite “economic nationalism” crowd, tweeted plaintively, “Did president just blink?” (If you have to ask, Dan, you know the answer.

    Things were no better to Trump’s left, where Senate Minority Leader Chuck Schumer — whose views on trade are largely Republican-lite — accused him of selling out “for a temporary purchase of goods.” Sen. Ron Wyden of Oregon, a pro-union Democrat who had largely held fire on the tariff policy, issued a statement saying that after “the tough-guy rhetoric, the administration is simply getting rolled on trade with China.”

    Of course it’s no surprise that Chinese state media proclaimed this result a great victory, in which “China didn’t ‘fold’” to Trump’s so-called pressure but “stood firm,” in the words of a China Daily editorial. But I’m not aware of anyone, anywhere, in the Western press who seriously suggests that’s a misinterpretation.

    I know how important it is for someone like you to be uneducated but reality is both sides lose in a trade war. This is econ 101 you couldn't even bother to take that course?

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    Quote Originally Posted by katzgar View Post
    I know how important it is for someone like you to be uneducated but reality is both sides lose in a trade war. This is econ 101 you couldn't even bother to take that course?
    Maybe you can enlighten us, oh intelligent (LOL!!) one.
    Common sense is not a gift, it's a punishment because you have to deal with everyone who doesn't have it.

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    Quote Originally Posted by RB 60 View Post
    Maybe you can enlighten us, oh intelligent (LOL!!) one.

    you really are a moron

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    China is getting trade deals and spreading its financial influence across the globe. Trump is pulling in . I can see who wins in the end, and it is not America. America is by far the largest financial power on the globe, but Trump is weakening us . He is squandering our power.

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    Quote Originally Posted by katzgar View Post
    you really are a moron
    I think you have that covered.
    Common sense is not a gift, it's a punishment because you have to deal with everyone who doesn't have it.

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    Quote Originally Posted by RB 60 View Post
    I think you have that covered.

    you must mean the part about you being a moron

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    How China Became One of America's Biggest Bankers

    China is more than happy to own almost a fifth of the U.S. debt owned by foreigners. Owning U.S. Treasury notes helps China's economy grow. It keeps the yuan weak relative to the dollar. As a result, Chinese exports are less expensive than U.S. products. China's highest priority is creating enough jobs for its 1.4 billion people.

    The United States allowed China to become one of its biggest bankers because Americans enjoy low consumer prices. Selling debt to China pays for federal spending that spurs U.S. economic growth. It also keeps U.S. interest rates low. But China's ownership of the U.S. debt is shifting the economic balance of power in its favor.
    Why China Owns So Much U.S. Debt

    China makes sure the yuan is always low relative to the U.S. dollar. Why? Part of its economic strategy is to keep its export prices competitive. It does this by holding the yuan at a fixed rate compared to a "currency basket" of which the majority is the dollar. When the dollar falls in value, the Chinese government uses dollars it has on hand to buy Treasuries. It receives these dollars from Chinese companies that receive them as payments for their exports. China's Treasury purchases increase demand for the dollar and thus its value.

    China's position as America's largest banker gives it some political leverage. Now and then, China threatens to sell part of its debt holdings. It knows that if it does, U.S. interest rates would rise, slowing U.S economic growth. China often calls for a new global currency to replace the dollar, which is used in most international transactions. China does this whenever the United States allows the value of the dollar to drop. That makes the debt China holds less valuable.

    And personally for Donald Trump- China's manipulation with their own currency exchange rates makes what Donald Trump personally owes China- a larger personal business debt for him as well. And he seems to be worried more about that than any trade deficit here in the United States with China.

    You people should be smart enough to know what personally motivates Donald Trump. Donald Trump is looking after his own ass and started a trade war for all the wrong reasons..
    Last edited by Adolf_Twitler; 05-26-2019 at 12:29 PM.

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    Quote Originally Posted by katzgar View Post
    I know how important it is for someone like you to be uneducated but reality is both sides lose in a trade war. This is econ 101 you couldn't even bother to take that course?
    you're just propagandized and retarded.

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    Quote Originally Posted by AssHatZombie View Post
    you're just propagandized and retarded.

    you are just a knuckle dragger

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    Quote Originally Posted by katzgar View Post
    you are just a knuckle dragger
    fine. slavery should be used to put all free people out of work. I capitulate. hail satan.

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    Quote Originally Posted by AssHatZombie View Post
    fine. slavery should be used to put all free people out of work. I capitulate. hail satan.
    You mean hail Trump and Koch.

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