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Trump says ‘pain’ from China tariffs will make US ‘much stronger’
The Hill ^ | April 6th, 2018 | By John Bowden

Posted on 04/06/2018 11:43:15 AM PDT by Mariner

President Trump says in a new interview that tariffs targeting China over intellectual property theft could cause some "pain" in the U.S. economy, but promised that America would emerge stronger as a result.

"I'm not saying there's not gonna be any pain," Trump said Friday in an interview with "Bernie & Sid in the Morning" on 77 WABC in New York City.

He also acknowledged the initial reaction from markets is likely to be negative.

They “could lose a little bit," he said.

Dow Jones industrial average futures plummeted on Thursday after news broke that Trump has asked officials in the administration to prepare tariffs on another $100 billion of imports from China, escalating a fight with Beijing.

Futures on the index fell 222 points, suggesting the market would open down 271.22 points on Friday, CNBC reported.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Foreign Affairs; Front Page News; News/Current Events
KEYWORDS: china; jim0216; trumpasia; trumptrade
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To: usconservative

Right. That is actually a good article that describes how, starting in earnest with Clinton, we allowed China to buy up important businesses. This has been going on virtually unchecked.

I remember years ago reading how China was going all over the world, but particularly in Africa, and very strategically buying up all the rare earth mines while the US did... nothing. Some wrote about this troubling trend but nothing was done.

Trump is exactly right that the trade war with China was lost long ago. Either we fix it now or we simply become subservient to China and wave to them as they pass us by economically — and it will happen.


21 posted on 04/06/2018 12:09:40 PM PDT by Obadiah (Truth is hate speech to those who hate truth.)
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To: Buckeye McFrog

“American business has to see the long-term value in not allowing China to continue to steal our stuff.”

They only care about “their” stuff. Their very narrow piece of the pie.


22 posted on 04/06/2018 12:11:18 PM PDT by Mariner (War Criminal #18)
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To: Mariner

Which would take YEARS to do. That’s the problem.


23 posted on 04/06/2018 12:13:00 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Obadiah
If we were able to very quickly ramp up our own rare earth mining and refining capabilities here in the US, I frankly wouldn't be concerned about a looming trade war and the impacts it's going to have globally.

Problem is, it'll take YEARS to get mining operations up and running, refining facilities built and operational and more. YEARS I don't think we have.

I think PDJT is exactly correct in his assessment of the problem and his statement that the trade war was lost "long ago" I remain to be convinced that his approach in running us into a potential military showdown with China over all this (which is exactly where China is getting ready to take all this) is the right approach.

24 posted on 04/06/2018 12:17:29 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Dapper 26

Agreed

until Nixon closed the gold window in 1971 we always had a trade surplus.

since then ; never

honest money is the way to bring jobs home

end the fed


25 posted on 04/06/2018 12:23:29 PM PDT by vooch (America First Drain the Swamp)
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To: usconservative

No, it would not.

https://en.wikipedia.org/wiki/Mountain_Pass_rare_earth_mine


26 posted on 04/06/2018 12:24:36 PM PDT by Mariner (War Criminal #18)
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To: usconservative

” potential military showdown with China over all this (which is exactly where China is getting ready to take all this)”

China is not that stupid.

They have zero chance of defeating US Forces anywhere in the world.


27 posted on 04/06/2018 12:26:34 PM PDT by Mariner (War Criminal #18)
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To: usconservative

It took, what, 8 years from idea to completion to put men on the moon and bring them back? And we used computers that weren’t as powerful as our cell phones today. It can be done fairly quickly. The question is: how bad do we want to?


28 posted on 04/06/2018 12:28:01 PM PDT by trublu
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To: Mariner

Pain huh? Predictions are now at best a 40% hit! I don’t know about anyone else, but that wipes out our retirement!


29 posted on 04/06/2018 12:31:59 PM PDT by SeekAndFind
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To: usconservative

If I recall correctly, we have rare earth mines in the US in Nevada or California and years back the government shut them down because the mining was dirty or something like that - time to reopen them.


30 posted on 04/06/2018 12:32:42 PM PDT by PMAS (All that is necessary for the triumph of evil is that good men do nothing)
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To: Mariner

Are you paying attention to what’s going on in the South China Sea?


31 posted on 04/06/2018 1:01:20 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: usconservative

theweek.com is a far-left website whose lead article today is: http://theweek.com/articles/765439/scott-pruitt-corrupt-corrupted

I would take anything they said and assume the complete opposite.


32 posted on 04/06/2018 1:07:05 PM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: usconservative

“Are you paying attention to what’s going on in the South China Sea?”

Yes. Well aware.

China still cannot defeat US forces in any theater.


33 posted on 04/06/2018 1:12:25 PM PDT by Mariner (War Criminal #18)
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To: SeekAndFind

Part of me wonders if Trump is TRYING to get booted out.


34 posted on 04/06/2018 1:26:46 PM PDT by redgolum
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To: Mariner

The US Navy seems to have trouble avoiding supertankers.

Care to revise that statement?


35 posted on 04/06/2018 1:27:27 PM PDT by redgolum
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To: redgolum

“Care to revise that statement?”

Because a couple of affirmative action watch standers failed, does not mean the US Navy is not the best, most deadly navy in the world.

Unchallenged on the seas. By anyone.

Anyone who believes otherwise is stupid.


36 posted on 04/06/2018 1:37:47 PM PDT by Mariner (War Criminal #18)
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To: Mariner

China doesn’t have to invade LA to win.

And those “affirmative action watch standers” are a significant portion of the military now. How would they perform once the shooting starts?


37 posted on 04/06/2018 1:43:48 PM PDT by redgolum
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To: redgolum

” How would they perform once the shooting starts?”

How about you just make your assertion?

Are you saying the Chinese can defeat the US Navy in the south China Sea?


38 posted on 04/06/2018 1:48:52 PM PDT by Mariner (War Criminal #18)
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To: central_va

...and stupid.


39 posted on 04/06/2018 2:31:08 PM PDT by Jim W N
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To: Obadiah

“He has never had a fireside chat with Americans. Why not. Now is the time for Trump to get in Prime Time and lay out for the American people what he is doing and why it is vital to the country. Right now Trump has ceded the narrative to those in this country who despise Trump and are more than willing to allow our country get seriously damaged.”

Very well put!


40 posted on 04/06/2018 2:55:44 PM PDT by MplsSteve
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