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Trump's trade war advantage: The US economy is 'firing on all cylinders,' says expert
CNBC ^ | August 13, 2018 | Weizhen Tan

Posted on 08/12/2018 11:06:29 PM PDT by 2ndDivisionVet

• "We have to realize that perhaps China isn't as strong as when we at first think. China is still figuring out also how to deal with this trade situation, how to ensure the stability of its domestic economy," said Curtis Chin, an Asia fellow at the Milken Institute.

• Speaking to CNBC's "Squawk Box," Chin also "totally" disagreed with the view that U.S. President Donald Trump's policies are backfiring.

China's power may have been overrated and the U.S. economy is staying strong, meaning that U.S. President Donald Trump has an advantage in the trade war, according to one expert.

"We have to realize that perhaps China isn't as strong as when we at first think. China is still figuring out also how to deal with this trade situation, how to ensure the stability of its domestic economy," said Curtis Chin, an Asia fellow at economic think tank the Milken Institute.

"And that works to the advantage of President Trump, and I think what's really working to the advantage of President Trump is the state of the U.S. economy right now. Really, the U.S. economy is firing on all cylinders," he told CNBC's "Squawk Box" on Monday.

That economic strength would give Trump a "backstop" if the trade situation deteriorates in the long run, Chin said.

Chin told CNBC he "totally" disagreed with the view that the White House's policies are backfiring. The Milken expert, who was also U.S. ambassador to the Asian Development Bank, said Trump has made it clear he's been elected as "president of Americans, not of the world."(continued)

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


TOPICS: Business/Economy; Canada; Constitution/Conservatism; Culture/Society; Foreign Affairs; Front Page News; Government; Mexico; Politics/Elections
KEYWORDS: 2018election; 2020election; bitcoin; canada; china; cnbc; cryptocurrency; curtischin; economy; election2018; election2020; energy; equities; erdogan; europeanunion; hydrocarbons; incometaxes; iran; kurdistan; maga; mediawingofthednc; mexico; milkeninstitute; nafta; nato; nbc; opec; partisanmediashills; petro; presstitutes; receptayyiperdogan; sanctions; smearmachine; squawkbox; stockmarket; tariffs; taxcutsandjobsact; taxreform; tcja; trade; tradewar; trump; trumpwinsagain; turkey; venezuela; weizhentan
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1 posted on 08/12/2018 11:06:29 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

OK so they sell us 5 times as muc stuff. And we don’t buy it from them any more. How does that hurt us? I mean what happens if their factories have to close. I bet that won’t be good.


2 posted on 08/12/2018 11:13:31 PM PDT by poinq
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To: poinq

They are running huge trade surplus amounts with America, because China now has lots of factories, which used the be American.

Bring them back.


3 posted on 08/12/2018 11:19:18 PM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: 2ndDivisionVet

Bump!


4 posted on 08/12/2018 11:22:57 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!)
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To: 2ndDivisionVet
Speaking to CNBC's "Squawk Box," Chin also "totally" disagreed with the view that U.S. President Donald Trump's policies are backfiring.

Whose "view" is that...the Democrats?

5 posted on 08/12/2018 11:36:27 PM PDT by Cowboy Bob ("Other People's Money" = The life blood of Liberalism)
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To: cba123
They are running huge trade surplus amounts with America, because China now has lots of factories, which used the be American.

Bring them back.

Start with electronics (TVs and Computers, Cell Phones), and Appliances (Washing machines, Refrigerators, etc.)

6 posted on 08/12/2018 11:38:44 PM PDT by Cowboy Bob ("Other People's Money" = The life blood of Liberalism)
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To: AdmSmith; AnonymousConservative; Berosus; Bockscar; cardinal4; ColdOne; Convert from ECUSA; ...
Thanks 2ndDivisionVet. It doesn't fit the narrative (DNC talking points, which is all the Partisan Media Shills regurgitate), but the narrative doesn't fit reality, and most people (and most voters) have to live with reality.

7 posted on 08/12/2018 11:39:53 PM PDT by SunkenCiv (www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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To: poinq

Don’t forget, the Communist Chinese government owns all those factories. They’re making a huge profit by using slave labor not having strangling government regulations and that huge profit is being used to build their military. And that military is aimed directly at us. We’re taking a double or triple whammy on this trade deficit.


8 posted on 08/12/2018 11:48:17 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!)
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To: Jim Robinson

Most fail to think strategically Jim.


9 posted on 08/13/2018 12:17:44 AM PDT by datura
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To: Jim Robinson

Perhaps a saving grace is that a military force is a net drag on an economy...


10 posted on 08/13/2018 2:18:21 AM PDT by SteveH
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To: SteveH
Perhaps a saving grace is that a military force is a net drag on an economy...

Not in a Communist country where the military is also the local police and just about everyone "joins" the military.

In those countries, they understand that the military and national defense is one of the true and purposeful functions of a national government. Granted, the costs are still there, but most Communists countries are willing to kill their own people to maintain their military costs, so they never see these expenditures as a "drag" or "negative;" at least not from their point of view!
11 posted on 08/13/2018 4:07:02 AM PDT by ExTxMarine (Diversity is tolerance; diverse points of views will not be tolerated!)
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To: 2ndDivisionVet

Try reading Tom Clancy’s “The Bear and the Dragon.” That man had a pretty good handle on Chinese thinking.


12 posted on 08/13/2018 4:11:46 AM PDT by New Jersey Realist ( (Be Nice To Your Kids. They Will Pick Out Your Nursing Home))
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To: Cowboy Bob

Whose “view” is that...the Democrats?

And the media but I repeat myself


13 posted on 08/13/2018 4:30:01 AM PDT by gbaker
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To: poinq
I mean what happens if their factories have to close.

We, as a people, need to stop thinking about "them" and concentrate on "us". I personally don't give a sh!t about China, their economy, or their fascist state run media-society. F them all.

14 posted on 08/13/2018 4:35:09 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: datura
Most fail to think strategically Jim.

Fixed.

15 posted on 08/13/2018 4:36:00 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: 2ndDivisionVet

“Less cheap junk” isn’t the worst economic policy in the world either.


16 posted on 08/13/2018 4:49:17 AM PDT by HiTech RedNeck (Tryin' hard to win the No-Bull Prize.)
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To: Jim Robinson

In fact it looks like a downright recipe for wickedness.


17 posted on 08/13/2018 4:50:28 AM PDT by HiTech RedNeck (Tryin' hard to win the No-Bull Prize.)
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To: 2ndDivisionVet

It’s a small thing, but I wish Trump would do something about the international mail agreement that gives the Chinese a huge advantage in mail order business. It’s not just the price of the postage, it shuts the American sellers out of the market. For a one dollar item, it might cost me a few dollars to ship; it would cost a chinaman a few dimes. Guess who gets the business.
http://dailycaller.com/2015/06/16/international-agreement-forces-usps-to-lose-money-on-foreign-mail/


18 posted on 08/13/2018 6:08:17 AM PDT by Born to Conserve
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To: 2ndDivisionVet

“Trump’s trade war advantage: The US economy is ‘firing on all cylinders,’ says expert”

Trump deliberately got the economy going like gangbusters BEFORE taking actions to force our trading partners into engaging in truly fair trade ...


19 posted on 08/13/2018 8:23:03 AM PDT by catnipman ((Cat Nipman: Vote Republican in 2012 and only be called racist one more time!))
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To: ExTxMarine

From an economics pov not some psychological pov— soldiers with guns are not farmers with plows


20 posted on 08/13/2018 9:00:54 AM PDT by SteveH
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