Trump's tariffs are working like a charm and the Chinese are panicking

The National Sentinel ^ | 1/22/19 | USA Features

[SleeperCatcher]

Headline: CEO: POTUS Trump’s tariffs like ‘gun to the head’ of China, forcing Beijing to negotiate or suffer MASSIVE recession and unrest

The CEO of a U.S.-based global investment firm said Tuesday that POTUS Donald Trump’s tariff regime against China is having the desired effect of both slowing Beijing’s economy while “holding a gun to the head” of a county that is used to enormous economic growth.

On Monday, the Chinese government announced in response to its slowest economic growth since 1990 that it was willing to spend as much as $1 trillion to close the yawning trade deficit with the United States, something that provides the Trump administration with a huge amount of new leverage with which to win concessions with Beijing over the imbalance, Fox Business reported.

“You gotta remember one thing, a strong man like [Chinese] President-for-Life Xi Jinping would not even be negotiating with President Trump, they wouldn’t even come to the table if we weren’t holding a knife to their throat, a gun to their head, if they weren’t in danger because of what we’re doing,” said Donald Luskin, head of TrendMacro.

[fruser1]

"like a charm"

Not just any old charm, but a grizzly-bear liver charm.

[butlerweave]

China is screwing with it’s numbers trying to affect the Stock markets of the World ,LOL

[scottinoc]

Doing EXACTLY what he campaigned on. What is so complicated about this to the mainstream media? Of course China is cheating. They always have. And political candidates from both parties have always raged about it. Finally someone is doing exactly what he said he was going to do. With the predictable results:

China is pushing back. Duh. What do you expect them to do. President Trump has balls, just like Reagan had balls against the Soviets. Take a moment to thank God for this president. Seriously.

[Chad_the_Impaler]

Xi Jinping must come to Washington to kowtow.

[ChildOfThe60s]

I have personal experience with China’s flagrant disregard for US copyright and patent laws. AND with the spineless turds in congress being totally unwilling to do anything about it. Just disgusting beyond belief. Not the Chinese, the US congress and Trump’s predecessors.

[DoughtyOne]

This isn’t just about trade imbalances either.

China is scrambling due to cash flow problems.

They thought this lopsided trade would never end. They thought they’d see large growth ever year off into the future.

Well, guess what. They aren’t. Even at 6% and something, the last quarter was a lot less than they planned for. There is a lot of debt, and they still have to service it.

They’ve looked at layoffs, and that could cause civil unrest.

Trump is resolving a military problem by his actions on trade.

China cannot be as adventurous with money getting more tight. I don’t think the screws have been fully implemented either.

The Spratleys and other places around the world may become much less troublesome as reality comes home to China’s leadership.

About time...

Trump is a clever guy.

[freeangel]

I thought the “summit” was called off by China. It didnkt like the intellectual property terms that were coming.

[jimmygrace]

China can fund the wall!

[max americana]

I’ve told this story before: I work for Universal Studios and one of my buds (a non-active Freeper) also works for Universal but it’s for the Theme Park division.

They go to China a few years back and being an engineer he could explain what it would take to create a theme park. Along with them was a copyright and property-infringement expert who works for the studio.

By the time they entire the Commie Offices, they get straight to the point: we want this ride, that ride etc. No problem...

THEN they go “we want to put characters of Hulk, Spiderman, Tweety, Sylvester, daffy Duck..’ Obviously these are Warner and Marvel properties. THEY DIDNT CARE. They had NO concept of property theft. They just want to steal those rival characters..which obviously will get the studio in trouble.

[poconopundit]

Hey DoughtyOne,

A few weeks back somebody on FR pointed me to a video about China’s ghost cities that are fully built but nobody lives there.

Are NEW Chinese buildings really FALLING DOWN?
https://www.youtube.com/watch?v=XopSDJq6w8E

Apparently President Xi flipped the progress made in privatizing the economy. During his reign the government has instituted a much bigger government run economy.

Big mistake. Hey Dems and Fake News, this is where you’re trying to take us. No thanks!

[DoughtyOne]

Those cities have been out there for three or four years. They may have been there before that. That’s when I became aware of them.

I wondered if they were prepared for being inhabited after a retaliation strike after a first strike.

It is an interesting dynamic, all those empty buildings, nice roads.

What’s your take on it?

[DoughtyOne]

Wow, I hadn’t see he damaged facilities. Yikes!

[DoughtyOne]

I hadn’t realized there were stacked right next to existing cities. The one’s I saw seemed to be in remote locations on first blush.

[poconopundit]

These are easy mistakes to make when nobody has “skin in the game”.

The beauty of free enterprise is that investors bear the risks of losing it all and that’s what protects the investments.

Nassim Taleb talks about the IYI’s — Intellectuals Yet Idiots — and China has a lot more of those than we do because they still can’t shake the Communist planning and no-skin-in-the-game way of running a country.

This whole fiasco should be turned into a mandatory class at liberal arts colleges: Why does China have Ghost Cities?

Ask that question and see if students start thinking for themselves...

[DoughtyOne]

Good suggestion, and your skin in the game comments were timely as well.

[poconopundit]

Later in the documentary they said this crumbling city is an hour and a half drive from China's biggest high-tech capital, Shenzhen. Ironically 10 years ago I actually visited Shenzhen and attended a meeting hosted by none other than Huawei. Later on they bought a telecom research report from me and were causing me to jump through hoops to get paid.  They actually told me I had to send them an invoice with a corporate seal on it. Well, I ended that problem when I told them if I didn't get paid I would send a nasty letter to every telecom editor in the world explaining how Huawei was trying to screw me. I got paid before I had to send that letter.  Leverage!  Trump card #9 in The Art of the Deal :- )

[poconopundit]

Nassim Taleb is one of the funniest and perceptive commentators. In this story he calls out some British IYIs who didn’t understand his book.

Intellectual Yet Idiot
https://medium.com/incerto/the-intellectual-yet-idiot-13211e2d0577

Think I’ll read it again :- )

[DoughtyOne]

Good one...

I did watch the whole video. The said that Shenzhen was not experiencing the downward pressure other areas were with regard to real estate.

[DoughtyOne]

He’s right. I didn’t read it all right now, but his lead-in paragraphs are right on target.

These are intellectual know-nothings.