Trump jabbed first, and now world hits back in trade fight

Bibi Haniffa posted:
ksazma posted:
Bibi Haniffa posted:
cain posted:

The sad part of this is, there is still a small percent of those still standing in line to get on this ride even as they see some riders being tossed off by the Head Conductor himself...a few sadly, wind up in prison. 

Demerara_Guy posted:

Trump will get bumps from around the world and his head will be buried deeper up his rear end.

What if Trump’s strategy is to use these children to get world attention to the billion dollar immigration problem that America has been fetching for decades?  The same way those parents were using their children to gain entry into the US.  There might be a method to the madness here known as the Art of the Deal.

Trump doesn’t know anything about strategy. He just exists from one chaotic action to another.

If he didn't know anything about strategy, how did he become a billionaire and President of the United States?  Trump always come out of left field when everyone else is looking at right field.  That's his strategy.  He is unconventional.  He is the most powerful man in the world.

Esteemed and honourable Lady Bibi Haniffa.

"Doffs my hat and bows with a slight incline."

Billionaire ... well the records show that the business was owned by his parents.

President of the US_of_A ... he received less of the popular votes than by his opponent.

Prince posted:

Anti-Trump campaigners seem to be whining more than Trump. Why is the Trump effect getting at all-you?

The shrill screams and bawling you hear is from the same crowd here that roots against America every chance they get. Closet socialists / communists carrying Cheddi's non functional "torch" ( Burnham ban he batteries). Deep grudges against America for deposing Cheddi and installing teefman Burnham. It's in their souls.

Then there are the clueless ones, like the "abie gat nuff stores" man who can't stop vomiting shit. Talk shit just for the sake of talking shit and sounding important.

For example, Germany has an annual $22 billion surplus for autos. But these people believe America must "tek it" and like it. The mere suggestion by any American (President) that this imbalance needs to be corrected so America doesn't continue to LOSE money is treasonous to these "new" patriots. No need to revive the American auto industry and increase production in America according to these American Guyanese "patriots"

Smart people know better. German automakers KNOW they have been screwing America for decades. So now they are now BEGGING Merkel to remove taxes on US autos. But Trump is the stupid one. LMFAO

https://www.cnbc.com/2018/06/2...us-autos-report.html

 

ksazma posted:
Dave posted:

As it turns out, running the most powerful country on Earth is much harder work than inheriting millions, declaring multiple bankruptcies, getting blacklisted by every respectable bank in the world, running a sham charity and pretending to be a real-estate magnate on TV.

You forgot the university.

Thanks for the addition!!!

FC posted:

Hail to the Trump financial markets down triple digits on Trade war theats. 

Trump one success - Tax cuts will be cancelled by increased tariffs.  

 

The Dow is up approximately 30% since Trump took office (look in alyuh 401K to know what this means to you). It is down approximately1.5% today. A man like you that using trading talk like "lock down positions" and all dem big ting muss know markets don't go straight up every day, right? Didn't see you screaming hysterically when there were straight days of triple digit rises a few weeks ago.

The fact is the gains was not due to Trump as he inherited a very good hand from the Obama administration. True the markets have been up and markets do go up and down. That is nor a revelation to me. My point is this sell off is directly related to Trump’s idiocy in wanting to start a trade war which not only will adversely impact markets but the economy and consumers negatively.

FC posted:

The fact is the gains was not due to Trump as he inherited a very good hand from the Obama administration. True the markets have been up and markets do go up and down. That is nor a revelation to me. My point is this sell off is directly related to Trump’s idiocy in wanting to start a trade war which not only will adversely impact markets but the economy and consumers negatively.

Statments like this "The fact is the gains was not due to Trump as he inherited a very good hand from the Obama administration" diminish you. Certainly administrations build on one another but look at the boom in the market after January 2017 when Trump was sworn in and after the tax cuts. This sort of political pandering is counter productive to any discussion.

You then go on to say "My point is this sell off is directly related to Trump’s idiocy in wanting to start a trade war which not only will adversely impact markets". Idiocy???????? Nothing wrong with America importing close to $500 billion from them while exporting a mere $150 billion to them????????

If you're really worried about impacts on consumers and economy you would be concerned about such a large trade deficit and it's impact on the working people of America, especially Guyanese living in the US who could use the blue collar jobs that are lost. 

The Chinese don't consider Trump's position idiocy. They signed an agreement in May 2018 to renegotiate fairer trade deals, details pending. Trump is tightening the screws now to speed up negotiations during the details. 

The Chinese markets have LOST value in light of the possibility of losing much of $500 billion in exports. Their markets are at all time lows for the year.  They know they have reason to worry and who holds the upper hand while you agitate about a1.5% drop in the Dow after a 30% run up.

Iguana posted:
FC posted:

The fact is the gains was not due to Trump as he inherited a very good hand from the Obama administration. True the markets have been up and markets do go up and down. That is nor a revelation to me. My point is this sell off is directly related to Trump’s idiocy in wanting to start a trade war which not only will adversely impact markets but the economy and consumers negatively.

Statments like this "The fact is the gains was not due to Trump as he inherited a very good hand from the Obama administration" diminish you. Certainly administrations build on one another but look at the boom in the market after January 2017 when Trump was sworn in and after the tax cuts. This sort of political pandering is counter productive to any discussion.

You then go on to say "My point is this sell off is directly related to Trump’s idiocy in wanting to start a trade war which not only will adversely impact markets". Idiocy???????? Nothing wrong with America importing close to $500 billion from them while exporting a mere $150 billion to them????????

If you're really worried about impacts on consumers and economy you would be concerned about such a large trade deficit and it's impact on the working people of America, especially Guyanese living in the US who could use the blue collar jobs that are lost. 

The Chinese don't consider Trump's position idiocy. They signed an agreement in May 2018 to renegotiate fairer trade deals, details pending. Trump is tightening the screws now to speed up negotiations during the details. 

The Chinese markets have LOST value in light of the possibility of losing much of $500 billion in exports. Their markets are at all time lows for the year.  They know they have reason to worry and who holds the upper hand while you agitate about a1.5% drop in the Dow after a 30% run up.

Sir, I do not agitate about the 1.5 % drop in the Dow, I do know how to deal with this phenomenon, but rather with  the adoption of protectionist strategy by the Trump administration. America is one of the most protectionist country in the world yet they have a trade deficit with China. How come? Because protectionist strategy does not work to reduce deficits. Tariffs have an insignificant impact on exports and trade deficits. The size of trade deficits are determined by macroeconomic forces including savings, investments, government deficits and exchange rates rather than trade conditions with individual countries.

Look, I agree that the trade deficit is a concern but starting a trade war is not going to reduce the deficit.

Unfortunately because Trump is given the green light to create turmoil and turn everything he touches into shit, it is my belief other companies will threaten to follow Harley Davidson's lead and move their business out of the US.

Agree. Harley-Davidson first allegiance is to shareholders. They are going to produce products where cost of production is lower and which would enable them to report higher profits. That is the basis of capitalism. That is what started the whole production offshoring to jurisdictions with cheaper labor costs such as China. Plus they have a supply of skilled workers and infrastructure that does not exist in the USA e.g semiconductor business. For example, they can produce IPhone at a much lower cost than in the US.

 

cain posted:

Unfortunately because Trump is given the green light to create turmoil and turn everything he touches into shit, it is my belief other companies will threaten to follow Harley Davidson's lead and move their business out of the US.

Lots, lots ...lots everywhere.

FC posted

Sir, I do not agitate about the 1.5 % drop in the Dow, I do know how to deal with this phenomenon, but rather with  the adoption of protectionist strategy by the Trump administration. America is one of the most protectionist country in the world yet they have a trade deficit with China. How come? Because protectionist strategy does not work to reduce deficits. Tariffs have an insignificant impact on exports and trade deficits. The size of trade deficits are determined by macroeconomic forces including savings, investments, government deficits and exchange rates rather than trade conditions with individual countries.

Look, I agree that the trade deficit is a concern but starting a trade war is not going to reduce the deficit.

Agree with you on savings, investments etc. having an impact. Re the bolded part I bolded in your post, not many options left. Can't suddenly expect Americans to save. Read an article recently that said 1 in 4 don't have even 3 months living expenses saved.

Perhaps they debase the USD, which throws the whole petro dollar thing into chaos. Dunno. Nothing wrong with trying to renegotiate trade deals. I think these tariffs Trump is imposing are just meant to bring people to the table to work better trade deals. To some extent he has already had  some success with the Chinese on paper, we'll see in July. 

BTW...yesterday's knee jerk reaction in the markets wasn't to tariffs, but to some "news" that Trump was curtailing Chinese investment in the US.

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