Posted on 04/05/2025 11:39:50 AM PDT by Miami Rebel
President Donald Trump, in his post, highlighted that China has been hit harder in the ongoing trade war between the world nations and the United States. He also said that the reciprocal tariffs imposed on the nations are a result of them treating the US badly with their tariff rates.
“China has been hit much harder than the USA, not even close. They, and many other nations, have treated us unsustainably badly. We have been the dumb and helpless ‘whipping post,’ but not any longer,” said Trump in his Truth Social post.
The President also attempted to reassure the people of America and investors that the $5 trillion lost in the US stock market crash on Friday was a form of investment which is aimed at making “America great again”. However, he also addressed that this trade war route will not be easy for the nation.
“Already, more than FIVE TRILLION DOLLARS OF INVESTMENT, and rising fast! THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN. HANG TOUGH, it won’t be easy, but the end result will be historic. We will, MAKE AMERICA GREAT AGAIN!!!” said Donald Trump in his post on Truth Social.
China on Saturday flagged that the United States should to stop doing the “wrong things” and work to resolve its differences with its trading partners.
“Now is the time for the U.S. to stop doing the wrong things and resolve the differences with trading partners through equal-footed consultation,” said the Chinese Foreign Ministry's spokesperson, Guo Jiakun, in a Facebook post.
(Excerpt) Read more at livemint.com ...
As I said on post #14:
“Trump is saying that there has been $5T dollars of investments based on companies and countries announcing said investments. Saudi Arabia, Taiwan, Apple, TSMC, Honda, Hyundai, the Stargate Project, etc, etc, etc.”
That doesn’t pass muster.
First of all, pledges don’t mean real money will change hands. Google “wisconsin foxconn.”
Second, the examples you cite don’t come close to $5 trillion....AND THEY WERE ALL PLEDGED WELL BEFORE OUR TRADE WAR. They have NO correlation to raising tariffs astronomically. The Saudis...who I’d trust as far as I can throw...pledged $600 billion. Hyundai pledge $15 billion, Apple $500 billion, Honda $1 billion, Taiwan Semi $100 billion, Stargate $500 billion. All are multi-year pledges which can delayed, extended, or withdrawn at any time.
I get that you are questioning Trump’s claim. As I have posted before, we should all be skeptical of any claims, even (especially) if they are “saying what we want to hear”. But your characterization of Trump’s post as claiming “stock market losses = $5B investment” is clearly wrong, and you know it.
https://x.com/WhiteHouse/status/1907431997263217007
Volker tamed inflation in the early 80s with long term rates of 15%. But he did so with a debt/GDP of 30% - not at 124% where it is now. Reagans prosperity came with falling interest rates, but also large budget deficits and large current account deficits.
The same interest would be absolutely impossible today. We have blown such a debt bubble with our fiat, printed currency, the Government would be bankrupted.
You meant 5 trillion, not 5 billion, but I DON’T know that I’m clearly wrong. If it’s not stock market losses, what exactly is it? Because we absolutely know that five trillion in new investment hasn’t been committed.
Yes, I meant Trillion. I gave you an official White House source in post 22 that shows exactly what Trump meant. We can agree that the “$5 Trillion in commitments” is nothing more than promises at this time, and we should all be skeptical. Trump is obviously trying to put a positive spin on the situation.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.