Trump signs tariffs

[reckless]

The 'intelligentsia' on here has repeatedly said that Trump knows nothing about trade. And once again Trump is showing the know-nothings ... basically all the geniuses on here and in the left wing media ... that he knows exactly what the poop is.

Never forget, everything you guys uttered about Trump, his lack of expertise and his leadership, etc., has been proven incorrect.

Well, you guys may want to forget but sound thinking people won't forget.

Keep getting annoyed by Trump, I personally love it.

Oh yeah, the Chinese boss blinked, like it or not. Deny all you wish.

[elysiantraveller]

Originally Posted by reckless

The 'intelligentsia' on here has repeatedly said that Trump knows nothing about trade. And once again Trump is showing the know-nothings ... basically all the geniuses on here and in the left wing media ... that he knows exactly what the poop is.

Never forget, everything you guys uttered about Trump, his lack of expertise and his leadership, etc., has been proven incorrect.

Well, you guys may want to forget but sound thinking people won't forget.

Keep getting annoyed by Trump, I personally love it.

Oh yeah, the Chinese boss blinked, like it or not. Deny all you wish.

The intelligentsia around here hasn't been proven wrong on anything. Imports duties are still in place. The steel tariffs have been retaliated upon. Meanwhile we get more posturing from Chinese as they also lodge a WTO protest against the US on the same day.

https://www.politico.com/story/2018/...e-trump-475612

You do realize the United States does in fact have a 25% import tax on all Trucks, Vans, and SUVs right?

[Clocker]

Originally Posted by elysiantraveller

Meanwhile we get more posturing from Chinese as they also lodge a WTO protest against the US on the same day.

Xi also blew a lot of smoke up the media's collective butt. Everything that he announced today was things they were already phasing in or had already committed to do. Not that their commitment is worth a pair of used chopstick, but its the image that counts. And Xi gave China a big image boost today as Asian stocks rallied and he appeared calm and professional.

Xi pledged to reduce restrictions on imported cars by the end of the year, bolster intellectual property rights, and allow greater access to financial markets — all White House grievances. A day before Xi's speech, Trump tweeted about the injustice of China's 25% tariffs on foreign cars.

"We want the outcomes of our opening-up efforts to deliver benefits as soon as possible to all enterprises and people in China and around the world," Xi said.

Chinese officials and state media, in the lead-up to Tuesday, breathlessly billed his speech as a major announcement about the country's reforms. And yet few of his pledges signaled much change. China has previously agreed to strengthen intellectual property protections and make it easier for foreign companies to operate. Officials have gradually reduced taxes on auto imports and discussed chopping them further.

China said in November that it would ease restrictions on foreign ownership of financial institutions. It's still not clear when that will happen.

But Xi's vows, made in a cavernous room full of global investors and state dignitaries, carry greater weight. They may also help appease leaders frustrated by Trump's erratic behavior on trade. Stocks rallied across Asia on Tuesday and European shares rose in morning trading.

http://www.latimes.com/world/la-fg-c...410-story.html

[elysiantraveller]

The Dean from Trumps famed Wharton...

In the past, I have argued that it is best to view things like trade spats between China and the U.S. as well-choreographed theater designed to appease domestic political audiences without threatening the underlying big economic win-wins between the two countries. It is easy to fit “steel for soybeans” tit-for-tat tariffs into that frame.

And how Trump sells the sizzle... not a good thing.

The problem with this thinking in the current situation is that the economic competition bleeds quickly over into concerns about military/security competition — and the rising power (China) versus incumbent power (U.S.) dynamic more generally.

[Clocker]

Trump's tariffs are taking a big hit on the US agriculture industry.

Throughout U.S. farm country, where Trump has enjoyed strong support, tariffs on steel and aluminum imports are boosting costs for equipment and infrastructure and causing some farmers and agricultural firms to scrap purchases and expansion plans, according to Reuters’ interviews with farmers, manufacturers, construction firms and food shippers.

The impact of rising steel prices on agriculture illustrates the unintended and unpredictable consequences of aggressive protectionism in a global economy. And the blow comes as farmers fear a more direct hit from retaliatory tariffs threatened by China on crops such as sorghum and soybeans, the most valuable U.S. agricultural export.

https://www.reuters.com/article/us-u...-idUSKBN1HK0GV

[elysiantraveller]

Originally Posted by Clocker

Trump's tariffs are taking a big hit on the US agriculture industry.

https://www.reuters.com/article/us-u...-idUSKBN1HK0GV

All those fields of unsold sorghum... pheasant hunting paradise!

"Thanks Trump"

- Togo (My dog)

[FantasticDan]

Originally Posted by Clocker

Trump's tariffs are taking a big hit on the US agriculture industry.

Twitter

[Clocker]

Originally Posted by elysiantraveller

All those fields of unsold sorghum... pheasant hunting paradise!

"Thanks Trump"

- Togo (My dog)

Your dog may be the only one around that thinks this is good news: China just announced a 179% tariff on U.S. sorghum.

https://www.zerohedge.com/news/2018-...orghum-imports

[elysiantraveller]

He's a big fan of these Dr. Evil type plans...

[incoming]

Originally Posted by Clocker

Your dog may be the only one around that thinks this is good news: China just announced a 179% tariff on U.S. sorghum.

https://www.zerohedge.com/news/2018-...orghum-imports

Over 5 million workers have received raises, bonuses and increased retirement incentives. Clearly, these companies foresee lots of growth. Companies are coming back home and bringing their cash with them. Foreign companies are planning to build new plants in USA. President Trump is in Florida negotiating a better deal with Japan as we type. I'm wondering why all of a sudden are we worried about deficits and tariffs the budgets has not been balanced since 1994.

All we hear from the snowflakes.....WOE IS ME!!!!

Where is that porn star when you need her.

[Clocker]

Originally Posted by incoming

I'm wondering why all of a sudden are we worried about deficits and tariffs the budgets has not been balanced since 1994.

Anyone with any grasp of reality (which leaves out most politicians) has been worried about deficits for some time. We are hearing more about it now because the Republicans, who have long postured against deficits, are not only not making any attempt to fix the problem, they are making it worse.

We have not been very worried about tariffs for some time because this country was gradually moving in the right direction. Trump wants to change that, to the detriment of American consumers and most businesses.

[fast4522]

Originally Posted by Clocker

Anyone with any grasp of reality (which leaves out most politicians) has been worried about deficits for some time. We are hearing more about it now because the Republicans, who have long postured against deficits, are not only not making any attempt to fix the problem, they are making it worse.

We have not been very worried about tariffs for some time because this country was gradually moving in the right direction. Trump wants to change that, to the detriment of American consumers and most businesses.

People like yourself know only one thing, what they want. Several Presidents of late only advance the liberal agenda inches at a time while doing absolutely nothing with big issues of the day. This President has rolled back the liberal agenda significantly and is willing to take a stab at solving problems that have been with us for decades. So you do not like the head on approach and prefer the cowardly route, guess what you people lost the election so suck it up. I say keep the pressure on these people and maybe even increase the pressure as needed. China will blink and maybe even get rid of Kim Jong-un and his blood line forever. Completely ridding us of that NK threat would indeed be something that no President has ever come close to.

[Clocker]

Originally Posted by fast4522

guess what you people lost the election so suck it up.

You people?

You need to pay attention if you want to follow along in the discussion. I have said many times here that I considered Trump to be the lesser of two evils, but not lesser enough to vote for him. So I didn't vote for either of them.

We all lost that election. Some of us just haven't figured it yet.

[fast4522]

Do not expect me to agree with you, I viewed the one who lost as a criminal.

[FantasticDan]

Originally Posted by Clocker

We all lost that election. Some of us just haven't figured it yet.

That's positively poetic!