Posted on 08/05/2019 12:35:20 PM PDT by con-surf-ative
How are you getting decimated?
Believe he mishandled the situation from a political perspective. It is true that the Chinese have stolen intellectual property, limited access to their own markets, have indulged in pervasive industrial spying and have cozy self serving, unethical relationships with American corporations such as Google and Disney. Clearly action was necessary. It would have been better , especially during his first term, to have taken an aggressive legal approach through the department of Justice and State. Lawsuits, criminal indictments and the arrest of Chinese spies , as well as the voiding of useless, ineffective, unequal trade agreements, voiding export licenses of sensitive materials should have been the first, definitive order of business. The Chinese would have immediately understood that they were no longer dealing with Bush or Obama. The use of punitive tariffs is a crude weapon that causes inordinate damage to your own economy.It has a huge domestic, political downside. If Trump loses some close states such as Michigan and Ohio because he has damaged agricultural and export industries, the country will be far more hurt if the Democrats take the executive branch. If destructive tariffs were indeed necessary to deal with China, it would have been far better to do it early in a second term. Also do not think that Trump analyzes trade policy correctly. He seems far more concerned that the import and export numbers don’t match or even out. The nature of trade, the wealth generated and the economic benefit is far more complicated.
To piggyback on my own post: Aside from the imminent aging crisis in China, they have a well-known gender disparity crisis.
Additionally, China makes up 20% of the world’s population, but has only about 7% of the world’s fresh water. As much as a third of all fresh water lakes in China are polluted to the point of being unfit for humans (no EPA in Beijing).
China has some serious health and demographic issues it will have to face within the next 20 years.
As long as China continues to offset tariffs with currency deviation we are in a Mexican standoff.
First fallacy. Private sector unions are basically dead in the USA. Only 9% of the manufacturing sector workforce is even in a union.
The social costs of offshoring industry are way higher than the 2-3% increase in productions costs caused by making it here.
Madness was NOT imposing import tariffs for 40+ years while industry dies on the vine in the USA.
You aren’t an investor you are an American first. Remember that.
I believe the real objective here is to push as much industrial capacity out of China as possible -- back to the U.S. for some industries (a very small number), but to other smaller Asian countries for most of them.
Trump is using U.S. trade policy to keep most of Asia out of Chinese hands.
What other options are available? What would you do differently?
I got hit pretty hard today, too. Not a happy camper right now. (Don’t tell my wife!)(Net worth under 100K)
This is my trading strategy: Buy high and sell low. !!!!:(
Thank G-d I sold out most of it with a trailer stop in the morning. Otherwise the carnage would have been worse. I’m out. In Cash. -What’s left of it.
My theory is that they must crash the markets to get Trump out.
Whenever he brags about it, I cringe.
‘Cause I know that any market can go down in a panic.
And I love my president, but he should not be bragging about the Stock market, of all things.
No, just some. To have all companies relocate here again is just wishful thinking, IMO.
The goal is to work toward re balancing the trade deficit.And to work on re leveling the playing field.
Fair trade.
You tariff our goods, then we tariff yours. Equal.
This is the most under-reported article in the field of national security cybersecurity in history.
This is called a ‘supply chain vulnerability” and is a well known possible hole in secure systems.
Sadly, I have to agree with you. Trump is not playing a very smart hand at this. This is a long term problem that took decades to develop to this point just like being over weight. It will not be solved in weeks by starvation and that tactic risks sickness of the economy just as it would for a person.
Someone asked how anyone was getting hammered in the markets. Here is how, the markets have plunged repetitively in days on trade fears and clawed their way back to where they were before the plunge. This last move was the first in two years of real gain instead of just clawing back. Retirees are harvesting bone when this happens and savers are treading water just like we did for years under barky.
Some sage will come along on this board soon and say how stupid this discussion is since, “The market is not the economy.” Absurd. They probably also believe that diversity is our strength.
Trump is playing a short term slugfest strategy in a very very long term game. One team will be exhausted before they even get a chance to win and that is not the chicoms. They can require that their people suffer and probably survive. We can’t.
Reagan breaking the Soviet Union in an arms race took longer than he was in office. The damage to US was no apparent and so we went along with it. The Soviet were on thin ice already. It takes a lot of time to swing an economy. The Chicoms are not the Soviet. It will take a lot longer to break them than two terms and a little. Trump should know this. He should also know whatever he does will be rapidly undone when the rats take over and it will have been all for ZiP.
When you enthusiastically lead a headlong charge be well advised to keep looking around to see if your troops are still with you.
——So what is Trump’s end game?——
To create fairer competition, to level the playing field for two way trade. If China is to place tariffs and trade barriers against American goods, then there will be similar barriers on Chinese goods.
Additionally, He has stated that China steals trade secrets. He wants to end (which he will not be able to do) or ameliorate the blatent practices. I’m pretty sure Taiwan has no qualms disregarding copy rights as well.
This business of industrial espionage is a very difficult nut to crack.
It would be helpful if the American Progressive enemies were all to die this afternoon instead of helping China and other American enemies
China is approaching the nationalization of American assets.
or even feed its citizens.
I totally agree. Unlike some of the implications here, I love the US and believe something has to be done about Chinese industrial espionage and trade abuses. My complaint is about the random and arbitrary nature of Trump’s approach, as well as using twitter to announce government trade policy. A more orderly approach could have avoided a lot of market turmoil.
I think there is more to the story than fighting a trade war. It doesn’t need to create this much random havoc.
Like all Free Traitors™ I doubt that is really true. Your allegiance lies elsewhere, I think with your wallet.
Just because a Free Traitor™ thinks it is random and arbitrary doesn't make it so. He gave the gooks 6 months to get their act together.
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