Posted on 05/01/2020 10:14:14 AM PDT by Leaning Right
President Donald Trump said his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and he threatened new tariffs on Beijing, as his administration crafted retaliatory measures over the outbreak.
Trump's sharpened rhetoric against China reflected his growing frustration with Beijing over the pandemic, which has cost tens of thousands of lives in the United States alone, sparked an economic contraction and threatened his chances of re-election in November.
(Excerpt) Read more at newsmax.com ...
MAGA!
MRCP!
MRCP = Make Red China Pay
Do the same thing we did with German assets during both WWs....seize their US assets and put them up for sale
What was done was an act of war, tariffs just aint gona cut it. Complete isolation of china from the WTO would be a good start.
Has the TARIFFS ARE TAXES mob chimed in yet?
Yes, but not now. If done, it will bring on a depression, and eliminate Trump’s chance for re-election.
How about stopping China from buying up assets and importing goods back into the US? Where is the BIG PLAN to return manufacturing and incentivize manufacturing to move out of CHINA?
> Yes, but not now. If done, it will bring on a depression, and eliminate Trump’s chance for re-election. <
That’s a fair point. But I still say do it now, even if it’s only a 1% tariff. Call it the “Virus Damage Tariff”. Make it obvious. As I noted earlier, I think 90% of the country would support this. So it would actually help Trump get re-elected.
That's one way of making sure nobody buys U.S. debt anymore. Then how do you finance the deficit?
> That’s one way of making sure nobody buys U.S. debt anymore. <
I actually think seizing the US debt held by China is a good idea. We can’t let Red China get away with what they have done.
But there is a danger in doing that, as you have noted. Perhaps the Chinese-held debt can just be frozen for now, not cancelled. Then take the case before the World Court. Other nations could join the suit as well.
Make it all nice and legal.
Trump has a simple political choice here.
Let people start to get mad at him.
OR.....
Focus the anger on China, where frankly it rightly belongs.
Campaign strategy is now clearly the latter. Democrats are in a very weak position to defend because they’ve been sucking-up to the ChiComs for decades.
The reassuring thing is that apparently he now feels secure enough in our medical supply situation that he can afford to start torking them off.
Trident MIRVs would be far more appropriate.
Why not just default on all the loans the Chinese hold?
Market hated it. Yieks!
And still no definitive info on Kim Gluton Un
Maybe in the long run not being able to secure debt is a good thing? Make the government pull up pants and buckle up.
kim is just hiding from the virus, everything else you’ve heard is just a cover story.
> Market hated it. <
I noticed that. Most folks there are playing the short game. Trump is playing the long game (just as the Red Chinese do, by the way).
I know for a fact that ain’t true
Unless the debt buyer was going to coverup a pandemic, causing 70K people to die, 30 million jobless and trillions in damages, why would they not want to buy the debt??
Because it can be cancelled at will.
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