Steel and aluminum tariffs...

[boutons_deux]

Saying Chris is a troll is compliment.

[DMC]

https://media.giphy.com/media/26ueZTC5WqUK49N8k/giphy.gif

:lol

[BD24]

Don't @ me faggot.
No surprise you don’t understand what @me means.

I’ll add it to the list of shit simple Chris doesn’t know about

[Chris]

https://twitter.com/realDonaldTrump/status/1104121030862237696

:tu

[Pavlov]

:lol taxes good now

[midnightpulp]

https://twitter.com/realDonaldTrump/status/1104121030862237696

:tu


While Trump’s figure is mostly accurate, as far as the price of the metal traded on the London Metal Exchange is concerned, the president failed to point out that the impact of tariffs was reflected mostly in the added cost U.S. buyers pay to have the metal delivered. Those premiums have soared 26 percent since he announced the levies on shipments on March 1, 2018, muting the impact of lower global prices.

:lmao citing London Metal Exchange prices.

Chris, always look up the facts. You're a natural skeptic believing in all these conspiracy theories and such (which can sometimes be a good thing. You should always question). Hate to see you propagandized by this idiot.

[Chris]

:lmao citing London Metal Exchange prices.

Chris, always look up the facts. You're a natural skeptic believing in all these conspiracy theories and such (which can sometimes be a good thing. You should always question). Hate to see you propagandized by this idiot.

Not sure where you got that quote, but I'm guessing it's anti-Trump propaganda.

[midnightpulp]

Not sure where you got that quote, but I'm guessing it's anti-Trump propaganda.

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2019-03-08/trump-touts-lower-aluminum-prices-but-americans-still-pay-more

[Chris]

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2019-03-08/trump-touts-lower-aluminum-prices-but-americans-still-pay-more

Ah, former New York mayor,globalist, and never-Trumper Michael Bloomberg. The guy who called Trump 'totally imcompetent.'

[midnightpulp]

Ah, former New York mayor,globalist, and never-Trumper Michael Bloomberg. The guy who called Trump 'totally imcompetent.'

Ah, when you can't attack the argument, attack the source. Doesn't matter here as the "source" cites independent data:

http://oi64.tinypic.com/11j7qfr.jpg

I think it's more prudent to look for facts, than just rely on what people tweet, don't you think? Another example is you tweeting some no-name Ryan Saavedra (sp?) about drug seizures, when the latest report from the DEA contradicts his assertion. DEA out to get Lord Trump, too?

[Chris]

"While Trump’s figure is mostly accurate" we're gonna shit on him anyway!

[midnightpulp]

"While Trump’s figure is mostly accurate" we're gonna shit on him anyway!

:lol They were referring to his claim about the 12% price drop of aluminum since the tariffs, which is accurate. But Lord Trump made no mention of the rising shipping costs that have, in total, raised the overall price of aluminum. Looks like Lord Trump's own department of commerce is out to get him, too (deep state?):


In March 2019, the U.S. Department of Commerce stated that in 2018 the trade deficit reached $621 billion, the highest it had been since 2008.[144]

https://www.npr.org/2019/03/06/700650144/despite-trumps-promises-the-trade-deficit-is-only-getting-wider

That said, there's no such thing as a "trade deficit," unless we aren't receiving goods paid for. Politicians of both stripes need to stop using the trade deficit as a political talking point.

[Winehole23]

Not sure where you got that quote, but I'm guessing it's anti-Trump propaganda.The underlying facts should be checkable if you don't trust Bloomberg.

[RandomGuy]

"While Trump’s figure is mostly accurate" we're gonna shit on him anyway!


After the Trump administration slashed taxes on corporations, American companies spent a record $1.1 trillion on share repurchases last year.
https://www.cnbc.com/2019/03/11/big-banks-earnings-growth-is-almost-entirely-fueled-by-buybacks.html

No pay raises... no big bump to the economy. Just a lot of EPS growth not driven by new business, but by a math trick of subtracting from the denominator.

So now we get de facto taxes on all construction, trillion dollar deficits, and he wants to cut to Medicare and Social Security to pay for the money we are borrowing from China,... who we are in a trade war with.

[spurraider21]

:lmao citing London Metal Exchange prices.

Chris, always look up the facts. You're a natural skeptic believing in all these conspiracy theories and such (which can sometimes be a good thing. You should always question). Hate to see you propagandized by this idiot.
this doesnt make any sense. he never questions the conspiracy theories. brushes off any contradicting information as anti-trump propaganda or satanic influence or some shit

[CosmicCowboy]

:lol 'but shipping aluminum costs more"

Electronic log books and driver shortages have driven up the cost of shipping everything.

[midnightpulp]

:lol 'but shipping aluminum costs more"

Electronic log books and driver shortages have driven up the cost of shipping everything.

Yes, all of that magically exploded in cost in half-a-month following the tariffs. Did you even look at the graph? Shipping costs rose 25% from the beginning of March to mid-March. You're telling me in that half-month, the shipping industry changed to such a degree that it resulted in a 25% cost increase?

[midnightpulp]

this doesnt make any sense. he never questions the conspiracy theories. brushes off any contradicting information as anti-trump propaganda or satanic influence or some shit

I'm trying to appeal him to here. Catch more flies with honey...

[spurraider21]

I'm trying to appeal him to here. Catch more flies with honey...
while embarrassingly quoting the Big Bang Theory...

you can catch even more flies with manure, what's your point?

[midnightpulp]

while embarrassingly quoting the Big Bang Theory...

you can catch even more flies with manure, what's your point?

:lol I don't watch that shit. "Catch more flies with honey than vinegar," is a centuries old saying. I simply try the friendly tactic at times over the "I need to win this debate, you're so stupid!" tactic. The latter way often further entrenches your opponent into their position.

[spurraider21]

:lol I don't watch that shit. "Catch more flies with honey than vinegar," is a centuries old saying. I simply try the friendly tactic at times over the "I need to win this debate, you're so stupid!" tactic. The latter way often further entrenches your opponent into their position.
I haven’t in years, but watched it a bit during college.

I know the expression, and the quote is a somewhat funny retort

[Chris]

:lol I don't watch that shit. "Catch more flies with honey than vinegar," is a centuries old saying. I simply try the friendly tactic at times over the "I need to win this debate, you're so stupid!" tactic. The latter way often further entrenches your opponent into their position.

I don't do the troll thing. This tactic is quite common for the Left on this board.

[Chris]

I will admit I have called other posters stupid, but never to prove a point or "win a debate."

[midnightpulp]

I don't do the troll thing. This tactic is quite common for the Left on this board.

I just say be objective and follow the facts. Don't trust ANY politician. They're all full of shit. We just have to grin and bear it and hope the side we pick is the lesser of two evils. I also dislike celebrating politicians as "leaders." They are not. They're our (we the people) fuckin' employees.

[Chris]

I just say be objective and follow the facts. Don't trust ANY politician. They're all full of shit. We just have to grin and bear it and hope the side we pick is the lesser of two evils. I also dislike celebrating politicians as "leaders." They are not. They're our (we the people) fuckin' employees.

That's why I voted for Trump. He's not a career politician. Obama/Bush/Clinton - all these people are actually related, and represent duality and Globalism.

[midnightpulp]

That's why I voted for Trump. He's not a career politician. Obama/Bush/Clinton - all these people are actually related, and represent duality and Globalism.

He's acting like one. The guy is a compulsive liar and backtracker (where's our "second to none" world class infrastructure? Not one dollar has been spent. He had all 3 branches for two years to get started. Vowed to never cut medicare and SS. Floating the idea now, as he bumps up the defense budget. Actually supported the idea of universal healthcare on the campaign trail. What if I voted for him believing he would make it happen?


https://www.youtube.com/watch?v=XyLR9Xcm--w)

[Spurminator]

That's why I voted for Trump. He's not a career politician.

List the specific traits you dislike about career politicians.

[Chris]

List the specific traits you dislike about career politicians.

Eat a dick.

[Spurminator]

Eat a dick.

Serious question. I don't think you're capable of giving a serious answer, but thought I'd give it a shot anyway. Prove me wrong.

What specific traits do you dislike about career politicians?

[Chris]

Serious question. I don't think you're capable of giving a serious answer, but thought I'd give it a shot anyway. Prove me wrong.

What specific traits do you dislike about career politicians?

You are a loathsome creature. There's a serious answer for you.

[Pavlov]

No Trumpista can answer simple questions about their political beliefs.

It's a cult.

[Spurminator]

You are a loathsome creature. There's a serious answer for you.

K.

I'm not a back-and-forth repeat-the-question kind of guy, so I'll just move on to my point.

People usually dislike "career politicians" because they believe they sell out their constituencies to be a team player or to enrich themselves. They craft their positions and their words carefully to promise things they can't fulfill. They belong to the power and wealth class and they cater to special interests and help enrich their friends. This is why people don't like politicians.

Do you disagree with any of this? Which of these traits does Trump not embody tenfold over other modern leaders?

The reason you like Trump isn't because he's not a career politician. You don't care about him using his office to enrich himself, his family, and his friends. You don't care that he's a partisan Republican instead of an independent. You don't care that he promises things that are objectively impossible. You don't care that he thinks he's above the law. You don't care that he treats truth as an inconvenience; in fact, you welcome and participate in the charades. You like Trump because you're antisocial and his antisocial tendencies appeal to you. Hell, they validate you.

You're a useful idiot, a clown, a liar, and a piece of shit. At least be honest with yourself, if not with the rest of us. Donald Trump isn't an ideological lighthouse for you. He's a fucking sports team. You're going to support every stupid draft pick, every dumb trade, every ridiculous contract because you wear the colors, and fuck the haters.

You don't have the integrity nor the brainpower to support a leader on ideological grounds. You're just here to provide propaganda, for free, because why not? What else do you have going on?

:lol

[Chucho]

Eat a dick.

How exactly dont you do the troll thing?

[Chris]

How exactly dont you do the troll thing?

I would say it to his face. The stuff this guy has come at me with on this board? Next level vitriol, but inane blather at the end of the day. He's not worth a serious response. Im not a malicious person i.e.: I don't do the troll thing.

[Chris]

As you can see he has to edit his blather.

[RandomGuy]

No Trumpista can answer simple questions about their political beliefs.

It's a cult.

Eyup. Groupthink, secret language and everything. It is kind of scary.

[Spurminator]

I would say it to his face. The stuff this guy has come at me with on this board? Next level vitriol, but inane blather at the end of the day. He's not worth a serious response. Im not a malicious person i.e.: I don't do the troll thing.

I'm not malicious and I would say everything above to your face as well. What's your point?


As you can see he has to edit his blather.

Edit smack. 2/10 trolling.

[Chris]

I'm not malicious and I would say everything above to your face as well. What's your point?



Edit smack. 2/10 trolling.

So yeah, go eat a dick faggot. Until then, you can go back and fuck your mother some more.

[spurraider21]

So yeah, go eat a dick faggot. Until then, you can go back and fuck your mother some more.


Im not a malicious person i.e.: I don't do the troll thing.

[Spurminator]

All this anger because you couldn't describe what you dislike about career politicians. Hardly seems worth it.

[Chris]

All this anger because you couldn't describe what you dislike about career politicians. Hardly seems worth it.

You're not worth it.

[Spurminator]

You're not worth it.

I agree, I'm not worth the anger you've displayed.

You should get some fresh air. Ask your mom to take you to the park or something. Tell her I said hi.

[Winehole23]

tariffs an economic loser, the consumer pays:


President Donald Trump (https://www.bloomberg.com/billionaires/id/1252249) regularly declares that he’s winning his trade wars. Yet evidence is growing that the U.S. economy is a net loser so far.


In two separate papers published over the weekend, some of the world’s leading trade economists declared Trump’s tariffs to be the most consequential trade experiment seen since the 1930 Smoot-Hawley tariffs blamed (https://www.bloomberg.com/news/articles/2018-07-27/lessons-learned-and-forgotten-from-last-trade-war-quicktake) for worsening the Great Depression. They also found the initial cost of Trump’s duties to the U.S. economy was in the billions and being borne largely by American consumers.
https://www.bloomberg.com/news/articles/2019-03-04/evidence-grows-that-trump-s-trade-wars-are-hitting-u-s-economy

[RandomGuy]

He's acting like one. The guy is a compulsive liar and backtracker (where's our "second to none" world class infrastructure? Not one dollar has been spent. He had all 3 branches for two years to get started. Vowed to never cut medicare and SS. Floating the idea now, as he bumps up the defense budget. Actually supported the idea of universal healthcare on the campaign trail. What if I voted for him believing he would make it happen?


https://www.youtube.com/watch?v=XyLR9Xcm--w)

Anybody who voted for this guy thinking he would do anything but grift ... well, you were warned.

[Winehole23]

So yeah, go eat a dick faggot. Until then, you can go back and fuck your mother some more.Chris straight trollin.

Again.

[boutons_deux]

Trapped in tariffs, lobster-gear industry looks for way out


https://www.csmonitor.com/Business/2019/0319/Trapped-in-tariffs-lobster-gear-industry-looks-for-way-out

[Chris]

Chris straight trollin.

Again.

I'm not allowed to fire back because why?

[Winehole23]

You're totally allowed to fire back, but don't pretend telling someone to eat a dick isn't trolling.

Spurminator said a lot of other things you didn't respond to

[Winehole23]

Plus, you do it when you merely disagree.

[Chris]

I don't do the troll thing. If someone wants to talk shit, I will usually oblige. What you're doing is definitely trolling, and you enjoy it because you're a malicious person. That's you.

[Winehole23]

You do the troll thing. All. The. Time.

[Winehole23]

Not that there's anything wrong with that. Just own it.

Don't be a hypocrite.

[RandomGuy]

I don't do the troll thing. If someone wants to talk shit, I will usually oblige. What you're doing is definitely trolling, and you enjoy it because you're a malicious person. That's you.

Dude trolling is litererally the ONLY thing you do. I haven't seen you actually engage in anything approaching debate more than a couple of times.

[Chris]

Dude trolling is litererally the ONLY thing you do. I haven't seen you actually engage in anything approaching debate more than a couple of times.

Dude like literally I don't do the troll thing.

Sorry dude.

[boutons_deux]

Trump tariffs costing Americans $1.4 billion a month, have "no impact" on foreign exporters

Trump's trade war means higher prices for American consumers,

with no visible impact on overseas exporters

https://www.salon.com/2019/03/26/trump-tariffs-costing-americans-1-4-billion-a-month-have-no-impact-on-foreign-exporters/ (https://www.salon.com/2019/03/26/trump-tariffs-costing-americans-1-4-billion-a-month-have-no-impact-on-foreign-exporters/)

[RandomGuy]

Dude like literally I don't do the troll thing.

Sorry dude.

Repeating the lie, even to yourself, isn't going to make it true the 9th time any more than the first time.

You are patently incapable of doing anything but trolling.

When it comes time to debate, whether it is for the magic fairy tales about magic man in the sky poofing the universe into existence using a spell, or what shape the earth is, or how shitty the current president is for the country, you can't hang with any discussion.

Just stop lying man, you're just embarassing yourself here.

[RandomGuy]

Monumentally stupid. Trump is tripping off the deep end.

https://www.forbes.com/sites/chuckjones/2019/03/30/2019-is-the-year-farmers-will-feel-the-pain-from-trumps-trade-wars

About to get worse, just like climate change.

[RandomGuy]

FWIW. I have a firm that does my marketing for me. I was feeling heavily oversold on soybeans. We talked about tariffs on southerns a few weeks ago and she replied it would be unfortunate (we all knew it was coming, US doesn't make anything worthwhile to China outside of Ag) but much needed in the long run. Her firm is one of the more successful ones and she is one of the better ones at that location.

I saw a market experts story on it this morning, he brought up that no date was mentioned to enact the tariff and China has started they will continue to buy.


So they just cut themselves a big coupon on the products they want to buy.


2019 Is The Year Farmers Will Feel The Pain From Trump's Trade Wars
https://www.forbes.com/sites/chuckjones/2019/03/30/2019-is-the-year-farmers-will-feel-the-pain-from-trumps-trade-wars
Soybeans were about $10.50 per bushel before Trump’s trade wars started. They fell substantially over the next two plus months to as low as $8.25 per bushel since China was a huge customer and decreased its purchases substantially. They somewhat recovered and were helped in December when Trump postponed additional tariffs. Their price has largely moved sideways since then but fell to a recent low of $8.85 per bushel on Friday.

Forward selling soybeans looks even worse than corn. The CME doesn’t have soybean futures getting back to $9.25 until January next year. Unless there is a good upturn in price, soybean farmers will be in a world of hurt. For every $1 lower in the average price per bushel U.S. soybean farmers will see their revenue decrease by over $4 billion or about 10% of total revenue. Since costs don’t decrease, or at least very much, as revenue declines this lost revenue essentially drops to the bottom line.

[Chris]

Repeating the lie, even to yourself, isn't going to make it true the 9th time any more than the first time.

You are patently incapable of doing anything but trolling.

When it comes time to debate, whether it is for the magic fairy tales about magic man in the sky poofing the universe into existence using a spell, or what shape the earth is, or how shitty the current president is for the country, you can't hang with any discussion.

Just stop lying man, you're just embarassing yourself here.

^That's 2+ years of MUH RUSSIA talkin'

[Pavlov]

^That's 2+ years of MUH RUSSIA talkin'That's a troll post.

[Chris]

That's a troll post.

It was apropos for his vile diatribe.

[Pavlov]

It was apropos for his vile diatribe.It's a troll post.

[Chris]

It's a troll post.

That's your opinion, and posting from a troll account isn't lending you an ounce of credibility.

[Winehole23]

When other posters do it, it's trolling; when you do it it's neutral description.

[boutons_deux]

Trash's tariffs and trade war absolutely destroying the Chinese economy

China economy: First quarter growth beats expectations at 6.4%

https://www.bbc.com/news/business-47957685 (https://www.bbc.com/news/business-47957685)

[Chris]

https://twitter.com/realDonaldTrump/status/1124064507930849291

TRUMP

[a777pilot]

I wonder who would "win" if Trump declared that the United States will no longer sell any American products directly to China or indirectly if that produce has more than 10% American made/manufactured/grown content.

Additionally, the United Staes would no longer buy any products/produce made in China directly, or indirectly if the content has more than 10% Chain made/manufactured/grown content.

If we are going to have a war, let's have a war.

In that light, make it known that any Chinese military/spy vehicles closer to three nautical miles of US Naval/Air Force in inter national waters would be viewed as a hostile act and be shot from the sky, blow up in the water, or sunk beneath the surface.

In other words.....Fuck'um. They can't win a war with US and we and they know it.

[a777pilot]

Trash's tariffs and trade war absolutely destroying the Chinese economy

China economy: First quarter growth beats expectations at 6.4%

https://www.bbc.com/news/business-47957685 (https://www.bbc.com/news/business-47957685)

ROFLMAO!

You believe the Chinese? Just how stupid are you.

[RandomGuy]

I wonder who would "win" if Trump declared that the United States will no longer sell any American products directly to China or indirectly if that produce has more than 10% American made/manufactured/grown content.

Additionally, the United Staes would no longer buy any products/produce made in China directly, or indirectly if the content has more than 10% Chain made/manufactured/grown content.

If we are going to have a war, let's have a war.

In that light, make it known that any Chinese military/spy vehicles closer to three nautical miles of US Naval/Air Force in inter national waters would be viewed as a hostile act and be shot from the sky, blow up in the water, or sunk beneath the surface.

In other words.....Fuck'um. They can't win a war with US and we and they know it.

The American people would lose, and lose badly, as would the Chinese people, as runaway inflation would erode standards of living. The rich, as always, would continue to profit.

Such a statement as yours is only possible with ignorance of trade economics, no offense. I would highly recommend reading up a bit on it.

[boutons_deux]

Stung by Trump’s Trade Wars, Wisconsin’s Milk Farmers Face Extinction

The flagship industry in a pivotal swing state faces an economic crisis.

https://www.nytimes.com/2019/04/26/us/politics/trump-trade-war-wisconsin-dairy.html (https://www.nytimes.com/2019/04/26/us/politics/trump-trade-war-wisconsin-dairy.html)

=====================

Wisconsin dairy farms have been hit hard by Republican governance. Now there's 1,400 fewer of them (https://www.dailykos.com/stories/2019/5/4/1854947/-Wisconsin-dairy-farms-have-been-hit-hard-by-Republican-governance-Now-there-s-1-400-fewer-of-them)

At heart, it is an oversupply problem. Former (Republican) Gov. Scott Walker set a goal of overtaking (Democratic) California in milk production, for no particular reason other than personal pride and/or spite

On top of that, the new Republican fury against immigrants—and, especially, the Trump administration's efforts against them—have dried up the supply of immigrant farm labor.

And then came the Trump trade war. Trump's new tariffs meant to cut metals imports have resulted in a bevy of retaliatory tariffs. Among the most devastating to these particular farmers: a new 25% Mexican tariff on American cheese.

The Times pegs expected lost farm revenue from dairy tariffs at about $16.6 billion—

—far above what Trump's one-check subsidies to farmers are even pretending to cover.

Trump is still assuring farmers that his still-theoretical modifications to NAFTA will make all the current market pain worthwhile and then some.

https://www.dailykos.com/stories/2019/5/4/1854947/-Wisconsin-dairy-farms-have-been-hit-hard-by-Republican-governance-Now-there-s-1-400-fewer-of-them (https://www.dailykos.com/stories/2019/5/4/1854947/-Wisconsin-dairy-farms-have-been-hit-hard-by-Republican-governance-Now-there-s-1-400-fewer-of-them)

[ElNono]

The American people would lose, and lose badly, as would the Chinese people, as runaway inflation would erode standards of living. The rich, as always, would continue to profit.

Such a statement as yours is only possible with ignorance of trade economics, no offense. I would highly recommend reading up a bit on it.

Yeah, but what about ‘Murcia, Yeeehaaawww

[boutons_deux]

Trash gonna fuck people up even better

In abrupt turn, Trump vows higher U.S. tariffs on China goods

https://www.reuters.com/article/us-usa-trade-china/in-abrupt-turn-trump-vows-higher-u-s-tariffs-on-china-goods-idUSKCN1SB0KP?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29 (https://www.reuters.com/article/us-usa-trade-china/in-abrupt-turn-trump-vows-higher-u-s-tariffs-on-china-goods-idUSKCN1SB0KP?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29)

[Chris]

https://twitter.com/EpochTimesChina/status/1125170811151818752

:tu

[boutons_deux]

Trump slams China on trade, says won't lose to Beijing

U.S. President Donald Trump on Monday slammed China over its trade practices, saying the United States was losing billions to Beijing and vowing to protect American commerce as tension escalated following his weekend threat to hike tariffs.

citing the trade deficit between the United States and China. “Sorry, we’re not going to be doing that anymore!”

he would impose tariffs of 25 percent on $325 billion of Chinese goods “shortly,” which would essentially mean all goods imported from China into the United States would be blanketed by duties.

https://www.reuters.com/article/us-usa-china-trade-trump/trump-slams-china-on-trade-says-not-going-to-lose-to-beijing-idUSKCN1SC10V?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29 (https://www.reuters.com/article/us-usa-china-trade-trump/trump-slams-china-on-trade-says-not-going-to-lose-to-beijing-idUSKCN1SC10V?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29)

Trash's punishing of China caused China's 2018 GDP growth of 6.6% :lol

[Winehole23]

https://twitter.com/EpochTimesChina/status/1125170811151818752

:tuYou and me pay the tariff, Chris.

It's a tax on us, laid by DJT, collected from US businesses, passed on to US consumers.

[boutons_deux]

rightwingnutjobs are so fucking stupid, ignorant, cheering for the Repugs and getting screwed

[RandomGuy]

You and me pay the tariff, Chris.

It's a tax on us, laid by DJT, collected from US businesses, passed on to US consumers.

Chris stopped caring about anything other than posting pro-regime propaganda a long time ago. You are casting pearls before swine here.

[Winehole23]

Chris stopped caring about anything other than posting pro-regime propaganda a long time ago. You are casting pearls before swine here.I don't expect Chris to acknowledge his bullshit, lies and propaganda, but maybe others will.

[boutons_deux]

Trash played by NK and CN, they are laughing at his simplistic bullying that's costing American $10Bs in import-tax price rises

Exclusive: China backtracked on nearly all aspects of U.S. trade deal - sources

https://www.reuters.com/article/us-usa-trade-china-backtracking-exclusiv/exclusive-china-backtracked-on-nearly-all-aspects-of-u-s-trade-deal-sources-idUSKCN1SE0WJ?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29 (https://www.reuters.com/article/us-usa-trade-china-backtracking-exclusiv/exclusive-china-backtracked-on-nearly-all-aspects-of-u-s-trade-deal-sources-idUSKCN1SE0WJ?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29)

So what's Trash's "trade wars are easy to win" response? Hurt Americans even more.

========================
Trump Denies Tesla Tariff Exemption For Autopilot ECU
https://cleantechnica.com/2019/05/05/trump-denies-tesla-tariff-exemption-for-autopilot-ecu/ (https://cleantechnica.com/2019/05/05/trump-denies-tesla-tariff-exemption-for-autopilot-ecu/)

[RandomGuy]

I don't expect Chris to acknowledge his bullshit, lies and propaganda, but maybe others will.

Nah. Seems like that train left a long time ago for the current cast of charactors. Kudos for you on trying though. :toast

[CosmicCowboy]

I still say these tariffs are fucking stupid.

[boutons_deux]

I still say these tariffs are fucking stupid.

takes one to know one

[CosmicCowboy]

takes one to know one

you like the tariffs?

[RandomGuy]

you like the tariffs?

At this point, I have come to grudging "fuck it, let's take the hammer to them, if it will force them to finally do something about intellectual property theft".

I know the damage it is going to do, but we have been nice, and this one case I think Trump has the balance of power calculus right.

Yeah, you read that right. It is a Trump policy that I halfway support.

Problem is that Trump has so isolated us from our allies, even this will get fucked up, since we aren't doing it in sync with the EU or other trading blocks. A half-good idea, executed poorly.

[boutons_deux]

The US war on Mexican tomatoes has begun and consumers will pay

After 22 years, the US Department of Commerce just terminated the Tomato Suspension Agreement (https://www.commerce.gov/news/press-releases/2019/05/us-department-commerce-announces-termination-suspension-agreement-fresh), which governs fresh tomatoes from Mexico.

With the trade deal’s end on May 7 comes a 17.5% tariff on the fresh fruit,

a tax that will likely be passed on to American consumers.

More than half of tomatoes sold in the states come from Mexico.

The popular fruit is the nation’s largest agricultural export to the US. Some American farmers argue (https://newfoodeconomy.org/tomato-suspension-agreement-mexico-tomatoes-treaty/?utm_source=3DNew+Food+Economy+Subscribers&utm_campaign=3D5a3f6cebd1-EMAIL_CAMPAIGN_2019_05_07_05_51&utm_medium=3Demail&utm_term=3D0_75a28a0eaf-5a3f6cebd1-511595781) that Mexican tomatoes have been so successful in the US partly because their neighbors violate the countries’ trade agreement.

withdrew its agreement with Mexico at the request of “representatives of the domestic tomato industry.”

It did not specify who those representatives were, but the pressure is most likely coming from Florida.

The state grows the most tomatoes (https://www.statista.com/statistics/193242/top-10-fresh-market-tomato-producing-states-in-the-us/) in the US, followed by California and Ohio, and local cultivators and politicians have been vocal about their displeasure with Mexican tomato farmers.

the Florida industry is in an existential crisis,”

https://qz.com/1614050/the-us-war-on-mexican-tomatoes-has-begun-and-consumers-will-pay/

==============

Remember? junk food chains pay shit for FL's tomato pickers

Burger King Resists Pay Increase for Tomato Pickers (https://www.npr.org/templates/story/story.php?storyId=89750307)

https://www.npr.org/templates/transcript/transcript.php?storyId=89750307 (https://www.npr.org/templates/transcript/transcript.php?storyId=89750307)

FL tomato pickers are obviously stealing jobs from Americans, right?

And of course, the tariff revenue to the govt will go to pay down the massive deficit caused by the Repug tax scam that enriched the billionaires who own the junk food chains.

btw, I don't think any fresh food has a profit margin of 17.5%, which is why BigFood MUST "add value" by heavily processing (aka killing) food into non-fresh, packaged food.

Repugs always putting citizens preferences first.

[RandomGuy]

I still say these tariffs are fucking stupid.

The Curious Case of the Vanishing Economists


olitico reports that a whole lot of economists are quitting the US Department of Agriculture due to -- BIG SURPRISE -- the hostile tone toward expertise set by the Trump administration. Top administration officials are pissed off that several reports from the agency's Economic Research Service (ERS) haven't cast Trump policies -- especially his trade wars and tax policies -- in a sufficiently flattering light. In response to the perception they're facing retaliation, ERS economists are skedaddling for private industry at a rate that's much higher than normal turnover, including six economists who all quit on the same day last month.
https://www.wonkette.com/agriculture-department-throwing-away-perfectly-good-economists


Your president's administration has, to a shocking degree, has placed political correctness over data and science in every part of the government where the two are important.

Feel free to criticize this at any time, and demand better.

[boutons_deux]

political correctness over data and science

incompetent political hacks, stooges. there't nothing "correct" about perverting govt

Perry and Repugs did, and do, the same purging of competence in TX.

No doubt, all Repug state govts have done, are doing the same.

St Ronnie signalled the oligarchy's strategy: "govt IS the problem" (for the oligarchy) so destroying good govt with oligarchy's kakistrocrats is the strategy.

Dramatically, blatantly displayed by the oligarchy's kakistocrats handed to Trash for his Exec.

America is fucked and unfuckable.

Hard and long to build a nation, but easy and fast to destroy it.

[boutons_deux]

Trump's trade war: Where American workers are hit hardest


https://www.rawstory.com/wp-content/uploads/2019/05/Screen-Shot-2019-05-09-at-3.04.50-PM.png

https://www.axios.com/trumps-trade-war-where-american-workers-are-hit-hardest-eb1dec7b-e415-4f07-90b4-65d8b87a93c8.html

[boutons_deux]

U.S. Customs agency issues tariff increase notice, allows grace period

U.S. Customs and Border Protection said on Thursday it

would begin collecting a 25 percent tariff on a $200 billion category of Chinese imports at 12:01 a.m. EDT (0401 GMT) on Friday,

the final step toward activation of President Donald Trump’s planned tariff increase.

But a spokeswoman for the agency said the increase to 25 percent from 10 percent for over 5,700 product categories could still be stopped if the Trump administration orders a halt before midnight.

The guidance notice published on CBP’s website also allows for a grace period for U.S-bound cargoes already in transit or departing in the next few hours.

Affected goods cargoes that have left China before 12:01 a.m. EDT on Friday will be considered exported to the United States and subject to the lower, 10 percent duty rate, a CBP spokeswoman confirmed.

https://www.reuters.com/article/us-usa-trade-china-tariffs/u-s-customs-agency-issues-tariff-increase-notice-allows-grace-period-idUSKCN1SF2DV?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29 (https://www.reuters.com/article/us-usa-trade-china-tariffs/u-s-customs-agency-issues-tariff-increase-notice-allows-grace-period-idUSKCN1SF2DV?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29)

[RandomGuy]

https://twitter.com/EpochTimesChina/status/1125170811151818752

:tu

Well, get ready to pay more for everything you buy.

[KenMcCoy]

Well, get ready to pay more for everything you buy.

Thanks for the tip.

[Winehole23]

Thanks for the tip.You should thank Donald Trump. In his sagacity, things are better this way.

[KenMcCoy]

You should thank Donald Trump. In his sagacity, things are better this way.

Cheaper isn't always better. I'm all for it.

[Pavlov]

Cheaper isn't always better. I'm all for it.You're all for paying more for the same cheap stuff?

Why?

[KenMcCoy]

If it helps protect, retain, or create jobs in the US, why wouldn't you?

[Pavlov]

If it helps protect, retain, or create jobs in the US, why wouldn't you?Have they done any of that?

The only result I've seen is that we've borrowed more money from China to give handouts to farmers who can't sell to China.

[boutons_deux]

Grizzly machines has added a line item to their on-line prices showing how many $$$ Trash's bullshit has added to their imported products' prices.

[RandomGuy]

If it helps protect, retain, or create jobs in the US, why wouldn't you?

Because it costs us collectively more than any benefit a few of us would get.

The estimated cost of the jobs created so far in on the order of 800,000 each, if memory serves. It is basically taxing everybody in the country and giving that money to the people whose jobs are created. Which is why Republicans tend not to like tarriffs.

It is funny watching the gutless cowards in the GOP go along with it though. :lol

[RandomGuy]

Have they done any of that?

The only result I've seen is that we've borrowed more money from China to give handouts to farmers who can't sell to China.

There is that. For ever US job that might be created... is offset by jobs lost through retaliation. Every loses.

(shrugs)
On the whole, if we can finally force China to do something about our long-standing concerns of intellectual property, it might actually be worth it. Not holding my breath. Such theft is part of their overall strategy, so I view it as unlikely to change.

[boutons_deux]

money from China to give handouts to farmers who can't sell to China.

China holds only about $1T of US national debt

https://www.google.com/search?q=china+unload+us+bonds&oq=china+unload+us+bonds&aqs=chrome..69i57.8862j0j7&sourceid=chrome&ie=UTF-8



most US debt is held by Americans

https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124

[boutons_deux]

Trump incoherently claims China trade policy is based on him losing re-election in 2020 — even though they ‘know’ he’ll win

Donald J. Trump
(https://twitter.com/realDonaldTrump)✔@realDonaldTrump
(https://twitter.com/realDonaldTrump)
I think that China felt they were being beaten so badly in the recent negotiation that

they may as well wait around for the next election, 2020,

to see if they could get lucky & have a Democrat win -

in which case they would continue to rip-off the USA for $500 Billion a year....

5:18 PM - May 11, 2019 (https://twitter.com/realDonaldTrump/status/1127337211777757191)

https://www.rawstory.com/2019/05/trump-incoherently-claims-china-trade-policy-is-based-on-him-losing-re-election-in-2020-even-though-they-know-hell-win/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29

[boutons_deux]

TV so-called economist accidentally correct

Kudlow Contradicts Trump, Admits U.S. Businesses and Consumers Pay for China Tariffs

https://slate.com/news-and-politics/2019/05/kudlow-admits-that-u-s-consumers-and-companies-shoulder-the-burden-for-tariffs.html (https://slate.com/news-and-politics/2019/05/kudlow-admits-that-u-s-consumers-and-companies-shoulder-the-burden-for-tariffs.html)

Trash will not be pleased

[boutons_deux]

Trump says the U.S. is 'right where we want to be with China' :lol

https://www.reuters.com/article/us-usa-trade-china-trump/trump-says-the-u-s-is-right-where-we-want-to-be-with-china-idUSKCN1SI0O4?feedType=RSS&feedName=politicsNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FPoliticsNews+%28Reu ters+Politics+News%29 (https://www.reuters.com/article/us-usa-trade-china-trump/trump-says-the-u-s-is-right-where-we-want-to-be-with-china-idUSKCN1SI0O4?feedType=RSS&feedName=politicsNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FPoliticsNews+%28Reu ters+Politics+News%29)

"we" excludes US companies and citizens.

[boutons_deux]

As Farmers Go Under, Trump Goes Socialist And Offers A Bribe

Trump campaigned against foreign aid.

He has complained about foreign aid as president,

but now that his trade war is pushing farmers to bankruptcy,

the president suddenly wants to use taxpayer money to buy the crops and

give them away as foreign aid.

Donald Trump’s desperation is transparent (https://www.politicususa.com/2019/05/12/trump-advisors-worry-that-trade-war-will-hurt-him-in-2020.html), as

Mr. Capitalist is now proposing a socialist program to bribe farmers

so that they don’t give him the boot in 2020.

https://www.politicususa.com/2019/05/12/as-farmers-go-under-trump-goes-socialist-and-offers-a-bribe.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29 (https://www.politicususa.com/2019/05/12/as-farmers-go-under-trump-goes-socialist-and-offers-a-bribe.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29)

[Winehole23]

Mr. Capitalist is now proposing a socialist program to bribe farmersagain?

https://www.agweb.com/article/us-farmers-to-get-billions-in-aid-by-september-perdue-says/

[boutons_deux]

$12B so far wasn't nearly enough, and $15B (starting in 3 months, if farmers make it that far) more.

[boutons_deux]

A $12 Billion Program to Help Farmers Stung by Trump’s Trade War Has Aided Few

a $12 billion bailout program Mr. Trump created to “make it up” to farmers has done little to cushion the blow, with red tape and long waiting periods resulting in few payouts so far.

just $838 million has been paid out to farmers since the first $6 billion pot of money was made available in September.

Another pool of up to $6 billion is expected to become available next month.

The program (https://www.usda.gov/media/press-releases/2018/08/27/usda-announces-details-assistance-farmers-impacted-unjustified), which is using a Depression-era fund, allows farmers earning less than $900,000 a year to receive money if they produce one of the agricultural products that has faced retaliation.

Different types of commodities receive different rates — for instance, hog farmers get $8 per head for 50 percent of their herd, while dairy farmers get 12 cents for every hundred pounds of milk.

The government also plans to purchase about $1.3 million :lol

worth of certain products, such as apples, oranges and pork (https://www.usda.gov/media/press-releases/2018/08/27/usda-announces-details-assistance-farmers-impacted-unjustified), which it will distribute through nutrition assistance programs.

many are disappointed as the subsidies have not made up for their losses.

The milk federation expects dairy farmers to lose $1.5 billion from the tariffs in the second half of this year and it has received only $127 million in aid.

bailout has also benefited two United States senators who continue to run active farms: Charles E. Grassley (https://www.desmoinesregister.com/story/news/politics/2018/10/03/iowa-chuck-grassley-donald-trump-trade-farm-china-bailout-cash-federal-soybeans/1512757002/), the Republican of Iowa, and Jon Tester, a Montana Democrat.

city residents who own shares in farms and relatives of farmers have been capitalizing on the bailout and that some farmers appear to have been paid large sums of money.

The program caps the amount (https://www.usda.gov/media/press-releases/2018/08/27/usda-announces-details-assistance-farmers-impacted-unjustified)farmers can receive, limiting payments to $125,000 per person or legal entity. But farms are often structured as partnerships, meaning that people who are not physically working on farms can still receive subsidies.

Mr. Grassley, who owns a farm in Iowa but spends most of his time in Washington, told The Des Moines Register (https://www.desmoinesregister.com/story/news/politics/2018/10/03/iowa-chuck-grassley-donald-trump-trade-farm-china-bailout-cash-federal-soybeans/1512757002/) last month that he planned to split his subsidy with his son, who operates the 750-acre farm with him.

1,142 farmers in the nation’s 50 largest cities have received bailout payments.

Farmers who want payments must fully complete their harvests before they can apply for aid — presenting a challenge for some crops that have been delayed by bad weather.

if he gets 1,000 bushels of beans, he may be entitled to about $800 in return from the government.

has not been enough to keep many farmers from feeling the pain of Mr. Trump’s trade war.

“We were all really supportive at the beginning,” she said.

“We figured we didn’t know all the facts and something would happen and this won’t be a long-term thing.

Now it looks like this is

going to be a several-year thing and people are getting frustrated."

Weak pricing, tight credit and corporate monopolies "free enterprise to fuck everybody"

have put pressure on farms in recent years, and new trade barriers have exacerbated their economic problems.

https://www.nytimes.com/2018/11/19/us/politics/farming-trump-trade-war.html?ncid=newsltushpmgnews__TheMorningEmail__0 51319&login=smartlock&auth=login-smartlock

[midnightpulp]

DOW dropped 600 points :wow.

https://www.msn.com/en-us/money/markets/the-us-china-trade-war-could-hit-these-consumer-goods/ar-AABbBfF?ocid=spartandhp

Buy up your cheap, Chinese shit while you still can.

[boutons_deux]

China retaliates with $60B tariff on US shit

[boutons_deux]

https://ci5.googleusercontent.com/proxy/2lTKgowXqSBGDiQULAFdMuaNsq03_HIWZX-O17qVIJ7Uf8sv9rnevLanbC6ywapfM-0W8uQ99dm4Uh2dXs9i3jVXKkdpe4T3ffUwmZF7VXADm43hWkx8 8bbE5Mp-UKXd09V2c1CwFyuJtZxRLS5IfIiApWVGextOnw2zbsz1LGMC8Q =s0-d-e1-ft#https://media.newyorker.com/photos/5cd9954f8168305a82504e89/1:1/w_1040%2Cc_limit/Borowitz-TrumpChinaWalmart.jpg


(http://link.newyorker.com/click/16875239.23541/aHR0cHM6Ly93d3cubmV3eW9ya2VyLmNvbS9odW1vci9ib3Jvd2 l0ei1yZXBvcnQvdHJ1bXAtdXJnZXMtYW1lcmljYW5zLXRvLWJv eWNvdHQtY2hpbmVzZS1nb29kcy1hbmQtanVzdC1idXktdGhpbm dzLWF0LXdhbG1hcnQ_dXRtX2NhbXBhaWduPWF1ZC1kZXYmdXRt X3NvdXJjZT1ubCZ1dG1fYnJhbmQ9dG55JnV0bV9tYWlsaW5nPV ROWV9Cb3Jvd2l0el8wNTEzMTkmdXRtX21lZGl1bT1lbWFpbCZi eGlkPTViZDY3OTU1MjRjMTdjMTA0ODAyMmZjYyZjbmRpZD00Mz c1ODU0OSZlc3JjPWJvdW5jZVg/5bd6795524c17c1048022fccBa3bce5df)

Trump Urges Americans to Boycott Chinese Goods and Just Buy Things at Walmart


(http://link.newyorker.com/click/16875239.23541/aHR0cHM6Ly93d3cubmV3eW9ya2VyLmNvbS9odW1vci9ib3Jvd2 l0ei1yZXBvcnQvdHJ1bXAtdXJnZXMtYW1lcmljYW5zLXRvLWJv eWNvdHQtY2hpbmVzZS1nb29kcy1hbmQtanVzdC1idXktdGhpbm dzLWF0LXdhbG1hcnQ_dXRtX2NhbXBhaWduPWF1ZC1kZXYmdXRt X3NvdXJjZT1ubCZ1dG1fYnJhbmQ9dG55JnV0bV9tYWlsaW5nPV ROWV9Cb3Jvd2l0el8wNTEzMTkmdXRtX21lZGl1bT1lbWFpbCZi eGlkPTViZDY3OTU1MjRjMTdjMTA0ODAyMmZjYyZjbmRpZD00Mz c1ODU0OSZlc3JjPWJvdW5jZVg/5bd6795524c17c1048022fccBa3bce5df)


“If you go to a GREAT AMERICAN STORE like Walmart,

you’ll find lots of cheap sportswear, shoes, and other items for you and your family to enjoy,” the President tweeted.


(http://link.newyorker.com/click/16875239.23541/aHR0cHM6Ly93d3cubmV3eW9ya2VyLmNvbS9odW1vci9ib3Jvd2 l0ei1yZXBvcnQvdHJ1bXAtdXJnZXMtYW1lcmljYW5zLXRvLWJv eWNvdHQtY2hpbmVzZS1nb29kcy1hbmQtanVzdC1idXktdGhpbm dzLWF0LXdhbG1hcnQ_dXRtX2NhbXBhaWduPWF1ZC1kZXYmdXRt X3NvdXJjZT1ubCZ1dG1fYnJhbmQ9dG55JnV0bV9tYWlsaW5nPV ROWV9Cb3Jvd2l0el8wNTEzMTkmdXRtX21lZGl1bT1lbWFpbCZi eGlkPTViZDY3OTU1MjRjMTdjMTA0ODAyMmZjYyZjbmRpZD00Mz c1ODU0OSZlc3JjPWJvdW5jZVg/5bd6795524c17c1048022fccBa3bce5df)
https://www.newyorker.com/humor/borowitz-report/trump-urges-americans-to-boycott-chinese-goods-and-just-buy-things-at-walmart?utm_campaign=aud-dev&utm_source=nl&utm_brand=tny&utm_mailing=TNY_Borowitz_051319&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&esrc=bounceX&utm_term=TNY_Borowitz (https://www.newyorker.com/humor/borowitz-report/trump-urges-americans-to-boycott-chinese-goods-and-just-buy-things-at-walmart?utm_campaign=aud-dev&utm_source=nl&utm_brand=tny&utm_mailing=TNY_Borowitz_051319&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&esrc=bounceX&utm_term=TNY_Borowitz)

[Chris]

https://twitter.com/realDonaldTrump/status/1127681373966409730

:tu

[SpursforSix]

Trump Urges Americans to Boycott Chinese Goods and Just Buy Things at Walmart


(http://link.newyorker.com/click/16875239.23541/aHR0cHM6Ly93d3cubmV3eW9ya2VyLmNvbS9odW1vci9ib3Jvd2 l0ei1yZXBvcnQvdHJ1bXAtdXJnZXMtYW1lcmljYW5zLXRvLWJv eWNvdHQtY2hpbmVzZS1nb29kcy1hbmQtanVzdC1idXktdGhpbm dzLWF0LXdhbG1hcnQ_dXRtX2NhbXBhaWduPWF1ZC1kZXYmdXRt X3NvdXJjZT1ubCZ1dG1fYnJhbmQ9dG55JnV0bV9tYWlsaW5nPV ROWV9Cb3Jvd2l0el8wNTEzMTkmdXRtX21lZGl1bT1lbWFpbCZi eGlkPTViZDY3OTU1MjRjMTdjMTA0ODAyMmZjYyZjbmRpZD00Mz c1ODU0OSZlc3JjPWJvdW5jZVg/5bd6795524c17c1048022fccBa3bce5df)


“If you go to a GREAT AMERICAN STORE like Walmart,

you’ll find lots of cheap sportswear, shoes, and other items for you and your family to enjoy,” the President tweeted.


(http://link.newyorker.com/click/16875239.23541/aHR0cHM6Ly93d3cubmV3eW9ya2VyLmNvbS9odW1vci9ib3Jvd2 l0ei1yZXBvcnQvdHJ1bXAtdXJnZXMtYW1lcmljYW5zLXRvLWJv eWNvdHQtY2hpbmVzZS1nb29kcy1hbmQtanVzdC1idXktdGhpbm dzLWF0LXdhbG1hcnQ_dXRtX2NhbXBhaWduPWF1ZC1kZXYmdXRt X3NvdXJjZT1ubCZ1dG1fYnJhbmQ9dG55JnV0bV9tYWlsaW5nPV ROWV9Cb3Jvd2l0el8wNTEzMTkmdXRtX21lZGl1bT1lbWFpbCZi eGlkPTViZDY3OTU1MjRjMTdjMTA0ODAyMmZjYyZjbmRpZD00Mz c1ODU0OSZlc3JjPWJvdW5jZVg/5bd6795524c17c1048022fccBa3bce5df)
https://www.newyorker.com/humor/borowitz-report/trump-urges-americans-to-boycott-chinese-goods-and-just-buy-things-at-walmart?utm_campaign=aud-dev&utm_source=nl&utm_brand=tny&utm_mailing=TNY_Borowitz_051319&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&esrc=bounceX&utm_term=TNY_Borowitz (https://www.newyorker.com/humor/borowitz-report/trump-urges-americans-to-boycott-chinese-goods-and-just-buy-things-at-walmart?utm_campaign=aud-dev&utm_source=nl&utm_brand=tny&utm_mailing=TNY_Borowitz_051319&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&esrc=bounceX&utm_term=TNY_Borowitz)

:rollin

[CosmicCowboy]

:rollin

You realize that's one of Boutons fake posts? right? See the teeny tiny white print at the bottom where he hid the link?

[CosmicCowboy]

The Yuan is getting killed.

[koriwhat]

fuck china and the rest of the world tbh

[Pavlov]

https://twitter.com/realDonaldTrump/status/1127681373966409730

:tu:lol pure socialism

What was the deal the Chinese broke, Chris?

[SpursforSix]

You realize that's one of Boutons fake posts? right? See the teeny tiny white print at the bottom where he hid the link?

Thanks for the heads up.

Sad that it's not unbelievable that he'd say that.

[boutons_deux]

South Dakota's GOP governor says Trump's trade has 'devastated' her state. State still loves Trump (https://www.dailykos.com/stories/2019/5/13/1857290/-South-Dakota-s-GOP-governor-says-Trump-s-trade-has-devastated-her-state-State-still-loves-Trump)

https://www.dailykos.com/stories/2019/5/13/1857290/-South-Dakota-s-GOP-governor-says-Trump-s-trade-has-devastated-her-state-State-still-loves-Trump

[boutons_deux]

Arkansas senator shrugs off farmers going belly up from Trump tariffs: 'Some people will sacrifice' (https://www.dailykos.com/stories/2019/5/13/1857266/-Arkansas-senator-shrugs-off-farmers-going-belly-up-from-Trump-tariffs-Some-people-will-sacrifice)

https://www.dailykos.com/stories/2019/5/13/1857266/-Arkansas-senator-shrugs-off-farmers-going-belly-up-from-Trump-tariffs-Some-people-will-sacrifice

[midnightpulp]

:lol pure socialism

What was the deal the Chinese broke, Chris?

"Taxes good now." :lol

I actually wouldn't be against any tariff revenue being put toward social programs, but we all know that's not where the cash is headed. It ain't headed to starving nations, either. BigAgriculture will probably get more subsidies: "Speaking to reporters Monday, Trump said he would use some of the tariff revenue -- which is paid by US importers -- to help subsidize farmers." <aka, welfare. What happened to bootstraps? Can't these farmers succeed on their own without handouts? Maybe they just needed to work harder and smarter?

https://www.cnn.com/2019/05/13/politics/farmers-china-tariffs-trump/index.html

And of course the military will get another unneeded bump, especially with this fracas going on with Iran.

[boutons_deux]

Can't these farmers succeed on their own without handouts? Maybe they just needed to work harder and smarter?


If they are not making money, it's because they are bad people unloved by God.

They should send "seed" of $39 to evangelical teevee grifter pastors that will grow back to them 1000 times.

and we, our "hearts going out", should all send "our thoughts and prayers" to the farmers, works every time.

[CosmicCowboy]

If they are not making money, it's because they are bad people unloved by God.

They should send "seed" of $39 to evangelical teevee grifter pastors that will grow back to them 1000 times.

well, now we know Boot's retirement strategy.

[boutons_deux]

‘Patience is wearing thin’: Vulnerable GOP senators are finally getting fed up with Trump’s trade war


https://www.rawstory.com/2019/05/patience-is-wearing-thin-vulnerable-gop-senators-are-finally-getting-fed-up-with-trumps-trade-war/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2019/05/patience-is-wearing-thin-vulnerable-gop-senators-are-finally-getting-fed-up-with-trumps-trade-war/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)

[boutons_deux]

U.S. leaves rare earths, critical minerals off China tariff list



BEIJING (Reuters) - The United States has again decided not to impose tariffs on rare earths and other critical minerals from China,

underscoring its reliance on the Asian nation for a group of materials used in everything from consumer electronics to military equipment.

https://www.reuters.com/article/us-usa-trade-china-rareearths/u-s-leaves-rare-earths-critical-minerals-off-china-tariff-list-idUSKCN1SK1R5?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29 (https://www.reuters.com/article/us-usa-trade-china-rareearths/u-s-leaves-rare-earths-critical-minerals-off-china-tariff-list-idUSKCN1SK1R5?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29)

[Chris]

https://twitter.com/BreitbartNews/status/1128382538198716416

:tu

[RandomGuy]

Trump incoherently claims China trade policy is based on him losing re-election in 2020 — even though they ‘know’ he’ll win

Donald J. Trump
(https://twitter.com/realDonaldTrump)✔@realDonaldTrump
(https://twitter.com/realDonaldTrump)
I think that China felt they were being beaten so badly in the recent negotiation that

they may as well wait around for the next election, 2020,

to see if they could get lucky & have a Democrat win -

in which case they would continue to rip-off the USA for $500 Billion a year....

5:18 PM - May 11, 2019 (https://twitter.com/realDonaldTrump/status/1127337211777757191)

https://www.rawstory.com/2019/05/trump-incoherently-claims-china-trade-policy-is-based-on-him-losing-re-election-in-2020-even-though-they-know-hell-win/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29

Dang. Dude is seriously losing his mind.

[boutons_deux]

Dang. Dude is seriously losing his mind.

it's been long gone, along with the group mind of his cult mob.

and still Pelosi dithers ...

[Pavlov]

https://twitter.com/BreitbartNews/status/1128382538198716416

:tuChris, who pays the tariffs?

[boutons_deux]

BY JOSEPH E. STIGLITZ (https://www.vanityfair.com/contributor/joseph-e-stiglitz)

FEBRUARY 17, 2017

TRUMP’S MOST CHILLING ECONOMIC LIE

A so-called trade war with China would be an absolute disaster for the United States and its citizens.

https://media.vanityfair.com/photos/58a5c8eef19288649b1c92e7/master/w_1920,c_limit/donald-trump-xi-jinping-china-america.jpg

Donald Trump (http://www.vanityfair.com/people/donald-trump) has threatened to upend the post-World War II geopolitical order.

What he finds most vexing about that order is the rise of China.

Today, China is the largest trading economy in the world.

In terms of purchasing-power parity, it

actually became the largest economy in the world in September 2015 (http://www.vanityfair.com/news/2015/01/china-worlds-largest-economy).

Like it or not,

there is simply nothing that Trump can do to change these facts.

What he can do is make America’s economic position worse—possibly far worse (http://www.vanityfair.com/news/2016/12/a-nobel-laureate-explains-how-trump-could-nuke-the-economy).

President Trump sees the world in transactional and zero-sum terms—

if something is good for China, it must be bad for the U.S

China’s government has far more control over the country’s economy than our government has over ours;

and it is moving from export dependence to a model of growth driven by domestic demand.

Any restriction on exports to the U.S. would simply accelerate a process already underway.

Moreover, China’s government has the resources (it’s still sitting on some $3 trillion of reserves) and instruments

to help any sector that has been shut out—and

in this respect, too, China is better placed than the U.S.

Trump seems to have succumbed to several fallacies in negotiations

Trump seems to think that by insulting your opponent, you will make your opponent feel weaker—and you yourself will do better.

He also seems to think that strutting like a peacock and explaining how great you are will likewise make your opponent feel weaker—and, again, you yourself will do better.

https://www.vanityfair.com/news/2017/02/donald-trump-china-economics-trade?mbid=nl_th_5cdacb401d6b8739f44c2e74&CNDID=43758549&utm_source=nl&utm_brand=vf&utm_mailing=VF_Hive_051519&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&hasha=992d608214b505003aa04bf10a595031&hashb=542eb31d958e85ddd5a4c3ccf3faae18526a77bd&hashc=54b3612ab970ce13a64a16665b1987080ca5b72e2ee7 62b722fbba6ab378f2f5&esrc=bounceX&utm_campaign=VF_Hive_051519&utm_term=VYF_Hive

Observer's of dickless Trash's business career say

his artless deal making was always about, not just doing a deal, but hurting the other side, making them lose, rather than a deal of mutual benefit.

Trash ain't gonna hurt China, but is hurting USA

[Chris]

https://twitter.com/IngrahamAngle/status/1128763373984808965

[Pavlov]

https://twitter.com/IngrahamAngle/status/1128763373984808965It's such a small amount it won't affect China's trade policies at all!

[boutons_deux]

Donald Trump is short-circuiting the electronics industry


The latest round of tariffs are a nightmare scenario for manufacturers

Previous rounds of tariffs had been marginal enough that companies could simply eat the difference,

but a 25 percent charge on marquee items like phones and laptops could be too much to bear.

Experts say companies will have little choice to raise prices in response, adding hundreds of dollars to price tags.

“Certainly for competitively priced products like PCs, there will be price increases, particularly in the short run,” says Brad Setser, a senior fellow at the Council on Foreign Relations.

“It’s likely to be a fairly considerable shock to consumer prices.”

That shock could add up to hundreds of dollars for consumers. On Tuesday (https://www.cnbc.com/2019/05/14/apple-would-need-to-raise-iphone-prices-significantly-to-offset-new-tariffs-analysts-say.html) JPMorgan estimated that,

for Apple, countering the cost of the tariffs would mean raising the price of the iPhone XS from $1,000 to $1,142,

More price-conscious companies like Lenovo and HP would have fewer options.

Versions of this price hike have already happened in other industries that were hit by earlier rounds of tariffs.

The price of a washing machine has risen an average of $86 as a result of the tariffs announced in September, according to one study (https://www.latimes.com/business/la-fi-tariffs-consumer-price-effect-20190514-story.html),

while luggage prices rose 5 to 10 percent.

The total price tag for US consumers since November could be as high as $18 billion (https://www.washingtonpost.com/politics/2019/05/14/trump-is-taxing-americans-support-farmers-struggling-his-trade-war/?utm_term=.9c7375cf0c73).

“It’s not a one-year process,” says Setser. “It’s a five-year process. And it’s expensive. But a 25 percent tariff incentivizes that kind of investment.”

Because the process is so slow, that shift away from China-based manufacturing is likely to stay in place even if the tariffs are repealed.

In effect, supply chain managers will be betting about the trade rules likely to be in place five years from now, which still look risky.

“The safe forecast is that there’s going to be a lot more uncertainty,” says Setser

“Even if the tariffs come off, it seems optimistic to assume that the friction between the US and China is going to permanently be put to bed.”

There are long-term costs of shifting away from China, too. A dense, localized network of suppliers and manufacturers makes the gadget business much easier.

if you’re a hardware company that isn’t Apple or Samsung, the next few years just got a lot tougher.

https://www.theverge.com/2019/5/15/18624690/trump-import-tax-tariff-laptop-smartphone-manufacturers (https://www.theverge.com/2019/5/15/18624690/trump-import-tax-tariff-laptop-smartphone-manufacturers)

sicko Trash's macho man trade war hurts ONLY America. China is doing great, 6% GDP growth in 2018, and will keeping doing great.

Trash is a fucking loser

This what all you rednecks, bubbas, Bible humpers, gun fellators, MAGAtts voted for, right?

[tlongII]

Tariffs on Chinese goods are long overdue.

[Pavlov]

Like shoes?

[RandomGuy]

https://twitter.com/IngrahamAngle/status/1128763373984808965

So who pays the tarriffs, Chris?

[RandomGuy]

Tariffs on Chinese goods are long overdue.

I'm sure the bankrupt patriot farmers are happy.

I'm also sure the administration's determination as to who who gets waivers is being determined solely on a complex algorithm of campaign donations, and whether the company is from a state that votes reliably Republican.

[Pavlov]

I'm sure the bankrupt patriot farmers are happy.Well, the corrupt foreigners are happy....

The Trump administration has forked over more than $62 million — taxpayer cash that was supposed to be earmarked for struggling American farmers — to a massive meatpacking company owned by a couple of corrupt Brazilian brothers.

The Department of Agriculture cut a contract in January to purchase $22.3 million worth of pork from plants operated by JBS USA, a Colorado-based subsidiary of Brazil’s JBS SA, which ranks as the largest meatpacker in the world.

The bailout raised eyebrows from industry insiders at the time, as it was sourced from a $12 billion program meant for American farmers harmed by President Trump’s escalating trade war with China and other countries.

But previously undisclosed purchase reports obtained by the Daily News this week reveal the administration has since issued at least two more bailouts to JBS, even as Trump’s own Justice Department began investigating the meatpacker, whose owners are Joesley and Wesley Batista — two wealthy brothers who have confessed to bribing hundreds of top officials in Brazil.

Both brothers have spent time in jail over the sweeping corruption scandal.


https://www.nydailynews.com/news/politics/ny-trump-administration-bailout-farmers-brazilian-criminals-20190516-6rdb3ithvfec7fttem7qrny54y-story.html

:lol rubes

[CosmicCowboy]

The narrative that the china tariffs are responsible for low worldwide agricultural commodity prices is fucking ridiculous, but typical of TDS. Soybean prices were going down long before the tariffs. It's always been about supply and demand.

[Winehole23]

The narrative that the china tariffs are responsible for low worldwide agricultural commodity prices is fucking ridiculous, but typical of TDS. They were low long before the tariffs. It's always been about supply and demand.which posters in this thread are guilty of running that narrative?

[Pavlov]

The narrative that the china tariffs are responsible for low worldwide agricultural commodity prices is fucking ridiculous, but typical of TDS. They were low long before the tariffs. It's always been about supply and demand.Is there more or less demand when markets are closed off to sellers?

[CosmicCowboy]

Is there more or less demand when markets are closed off to sellers?

Worldwide demand is exactly the same and soybeans are a worldwide commodity.

[RandomGuy]

The narrative that the china tariffs are responsible for low worldwide agricultural commodity prices is fucking ridiculous, but typical of TDS. Soybean prices were going down long before the tariffs. It's always been about supply and demand.

No one is saying that. Demand for US soybeans is definitely down.

Your TDS is really making you say some stupid shit these days.

[Pavlov]

Worldwide demand is exactly the same and soybeans are a worldwide commodity.Why did the price go down then?

[CosmicCowboy]

No one is saying that. Demand for US soybeans is definitely down.

Your TDS is really making you say some stupid shit these days.

The US will export more soybeans this year than they did last year.

https://www.usda.gov/oce/commodity/wasde/wasde0519.pdf

[CosmicCowboy]

Why did the price go down then?

Primary reason is that Brazil had a huge crop. Brazil burning rain forests to turn into cropland has been the biggest factor in soybean prices over the last 20 years.

[Winehole23]

which posters in this thread are guilty of running that narrative?Are you pointing the finger, CC, or just strawmanning it up, as usual?

[CosmicCowboy]

Are you pointing the finger, CC, or just strawmanning it up, as usual?


I'm sure the bankrupt patriot farmers are happy.

Its' a narrative that tariffs are causing farmers to go bankrupt as just expressed by RG..

[Pavlov]

Primary reason is that Brazil had a huge crop. Brazil burning rain forests to turn into cropland has been the biggest factor in soybean prices over the last 20 years.They had a huge crop last month?

[CosmicCowboy]

They had a huge crop last month?

From the USDA link I provided previously:


Brazil’s soybean production is projected at a record 123.0 million tons, up 6.0 million on higher area and trend yield.

[Pavlov]

From the USDA link I provided previously:But overall production is down according to the link you provided previously.

Global soybean production is forecast at 355.7 million tons, down 6.4 million


Wouldn't that mean the price would go up, not down? I guess it went up a bit after this report, but that completely contradicts your point.

[boutons_deux]

‘It’s Been Insane’: Farmer Tells Fox News That Trump Trade War is Driving Bankruptcies, Suicides

https://www.mediaite.com/tv/its-been-insane-farmer-tells-fox-news-that-trump-trade-war-is-driving-bankruptcies-suicides/ (https://www.mediaite.com/tv/its-been-insane-farmer-tells-fox-news-that-trump-trade-war-is-driving-bankruptcies-suicides/)

[RandomGuy]

The US will export more soybeans this year than they did last year.

https://www.usda.gov/oce/commodity/wasde/wasde0519.pdf


export share is expected to rise to 35 percent from the 2018/19 record
low of 32 percent on higher supplies and competitive prices

Shocking. It will revert to the mean.

"competitive prices" = lower prices.

So we are going to export more because we have had to lower selling prices because of "high inventories".


The 2019/20 U.S. season-average
soybean price is projected at $8.10 per bushel, down 45 cents from the 2018/19 forecast


China’s soybean imports are
projected at 87.0 million tons, up only 1.0 million from the revised 2018/19 projection and significantly lower
than growth seen in prior years. With stagnant trade and a 2 percent increase for crush offsetting the higher
global supply, ending stocks at 113.1 million tons are forecast to decline slightly from 2018/1

China has planted more of its own, and taken steps to teach farmers how to use less soy, while pretty much not buying from the US.

This stuff is to a degree fungible, but US growers are not getting the demand they might have otherwise, absent business as usual with China, and every buyer of US soy knows they have pricing power.

Pretty plain. More Chinese imports = more demand = more money.

[pgardn]

Metal Tariffs lifted as Canada and Mexico agree to lift their retaliatory tariffs.
The dazed Orange idiot gets poked in the eye and claims victory.

China is on his mind. The idiot had to back down on the stupidity with other countries.
We got a fckn idiot as a president.






Chris again with the biting wit...
V

[Chris]

ORANGE MAN BAD!

[Nbadan]

https://static.politico.com/dims4/default/ab5813d/2147483647/resize/1160x%3E/quality/90/?url=https%3A%2F%2Fstatic.politico.com%2Fd7%2F47%2 Fb964faec4b02b63bdb1b38633929%2F2-michael-ramirez-creators.jpg

[boutons_deux]

Toyota Upset Trump Wants to Undermine Its US Sales


Instead of very aggressively challenging the order, Toyota responded (https://pressroom.toyota.com/releases/toyotas-statement-re-wh-proclamation-on-232.htm):


Toyota has been deeply engrained in the U.S. for over 60 years.

Between our R&D centers,

10 manufacturing plants,

1,500-strong dealer network,

extensive supply chain and other operations,

we directly and indirectly employ over 475,000 in the U.S.,

and have invested over $60 billion in this country,

including over $1 billion in philanthropic and community-outreach efforts.

Today’s proclamation sends a message to Toyota that our investments are not welcomed, and

the contributions from each of our employees across America are not valued.


https://247wallst.com/autos/2019/05/18/toyota-upset-trump-wants-to-undermine-its-us-sales/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2FRyNm+%2824%2F7+Wall +St.%29

[boutons_deux]

HOW MUCH WILL THE US-CHINA TRADE WAR COST YOU?

the “full incidence” of the tariffs has fallen on domestic consumers so far.

This had imposed a so-called deadweight loss to the U.S. —

a drain on the economy beyond the direct cost of the levies —

of $1.4 billion a month by the end of last year.

And that’s likely to worsen. According to one estimate,

the latest tariffs could increase that deadweight to $6.6 billion per month.

adding that once payments of tariffs to the federal government were included

the total cost of said tariffs would double, from $4.4 billion a month at the end of last year to $8.8 billion a month once the new tariffs were implemented.

if Trump targets the rest of China’s exports to the U.S. Consumer goods account for only 25 percent of the items targeted by the increased tariffs, according to Goldman Sachs, but as much as 60 percent of the remaining imports from China.

U.S. retailers would push up prices on Chinese consumer products subject to tariffs by between 3 and 8 percent in response to the latest wave of levies.

the highly competitive nature of the retail sector would constrain the industry’s ability to pass higher import costs on to shoppers.

Rising commodity, labor and transport costs have encouraged consumer product manufacturers and retailers to push up prices.

the potential drain on confidence among businesses, financial markets and consumers from a worsening trade war could damage growth,

The key question now is the repercussions from trade tensions for the stock market, corporate confidence and household sentiment,

“The tariffs are a stealth tax on American businesses and consumers,”

“American consumers will be on the front line of the trade war.”

https://www.ozy.com/acumen/how-much-will-the-us-china-trade-war-cost-you/94461?utm_term=OZY&utm_source=Sailthru&utm_medium=email&utm_campaign=DailyDose_05192019&utm_content=A (https://www.ozy.com/acumen/how-much-will-the-us-china-trade-war-cost-you/94461?utm_term=OZY&utm_source=Sailthru&utm_medium=email&utm_campaign=DailyDose_05192019&utm_content=A)

[Pavlov]

:lol Trump bragging about raising taxes on people and US companies....

[RandomGuy]

Metal Tariffs lifted as Canada and Mexico agree to lift their retaliatory tariffs.
The dazed Orange idiot gets poked in the eye and claims victory.

China is on his mind. The idiot had to back down on the stupidity with other countries.
We got a fckn idiot as a president.






Chris again with the biting wit...
V

That is the thing, we got a trade deal, and pretty much the same one we would have gotten without the sanctions.

[boutons_deux]

Trump's Huawei Ban Could End Android As We Know It and Damage Apple

Google is complying with Trump’s administration banning of Huawei (https://www.tomsguide.com/us/google-suspends-huawei-android-access,news-30111.html), the world’s second biggest smartphone (https://www.tomsguide.com/us/best-smartphones,review-2223.html) manufacturer.

If this isn’t remedied in the short term, it may open a divide that

may prove fatal to the platform and also have a lasting effect on other companies, like Apple.

the move will most surely have repercussions in the form of Chinese government retaliation — perhaps targeting Apple — and a potential division of the Android operating system.

effectively puts Huawei out of business outside of China.

“Huawei cannot sell smartphones outside China without Google’s Android operating system, Google’s PLAY store, and regular software and security updates. Inside China, Huawei can use the portions of Android that are open source and its own app store.”

Huawei cannot sell laptops (https://www.laptopmag.com/best-laptops) without Microsoft’s Windows operating system and Intel chips.

, Huawei’s Consumer Device Business unit brought over $50 billion in revenues in 2018. “It sold 208 million phones only last year, approximately 80 million of them outside China,” according to Greengart, “and it’s the fastest growing company in Europe, with over 20% market share.”

“Technology companies that count Huawei as a large customer will lose out on revenue and growth,” says Greengart, “Huawei’s device sales have been rising rapidly, which ripples throughout its supply chain.”

https://www.tomsguide.com/us/huawei-ban-impact-android-apple-google,news-30116.html (https://www.tomsguide.com/us/huawei-ban-impact-android-apple-google,news-30116.html)

[boutons_deux]

Nike, Adidas Join Footwear Brands Urging Trump to Drop ‘Catastrophic’ Tariffs on Shoes Made in China

173 companies signed an open letter to the president, dated Monday and posted on the industry trade association’s website.

the U.S. Trade Representative’s office released a list of about $300 billion worth of products that could see higher import duties,

including all types of footwear, from sneakers to sandals.

http://time.com/5592467/nike-adidas-tariffs-open-letter/?utm_term=OZY&utm_source=Sailthru&utm_medium=email&utm_campaign=PDB_05212019 (http://time.com/5592467/nike-adidas-tariffs-open-letter/?utm_term=OZY&utm_source=Sailthru&utm_medium=email&utm_campaign=PDB_05212019)

[boutons_deux]

China's gonna win, proving that Trash is a perennial Biggest Loser and Liar

[boutons_deux]

Intel, AMD, Other US Suppliers Expecting Losses From Huawei Ban


https://www.tomshardware.com/news/intel-amd-us-suppliers-huawei-ban-impact,39397.html (https://www.tomshardware.com/news/intel-amd-us-suppliers-huawei-ban-impact,39397.html)

[boutons_deux]

ARM Cuts Off Huawei in Devastating Move

There’s a difference between setbacks and catastrophes. Huawei losing Google (https://www.tomshardware.com/news/report-google-cuts-ties-huawei-android,39383.html), Intel, and Qualcomm as suppliers is a setback (https://www.tomshardware.com/news/american-semiconductor-companies-stop-supplying-huawei,39385.html). ARM reportedly cutting ties with the company, on the other hand, could be a bona fide catastrophe.

The BBC today reported that (https://www.bbc.com/news/technology-48363772) ARM told employees to suspend "all active contracts, support entitlements, and any pending engagements” with Huawei because of the company’s addition to a blacklist (https://www.tomshardware.com/news/us-bans-huawei-foreign-adversaries,39356.html) by the U.S. Department of Commerce.

It might seem

weird for a Japanese-owned company based in the UK to cut ties with a Chinese firm because of U.S. trade restrictions.

But ARM said its products rely on tech from the U.S., so it has to abide by its regulations.

But losing ARM (no word on LEG) effectively scuttles Huawei’s plans to design its own chips,

because those processors would almost certainly rely on ARM designs, just like pretty much every smartphone and tablet on the market.

China’s semiconductor industry simply isn’t prepared to design and manufacture chips that aren’t based on American tech.

Huawei would have to work a miracle to be unaffected by losing the ability to build on top of ARM’s foundation.

https://www.tomshardware.com/news/arm-huawei-chips-ban-us,39404.html (https://www.tomshardware.com/news/arm-huawei-chips-ban-us,39404.html)

[boutons_deux]

The Global Slowdown Has Divided Corporate America’s Fortunes

At companies in the S&P 500 that draw more than half their revenue from abroad, first-quarter profits fell about 12 percent

By contrast, earnings at firms that generate most of their sales within the United States grew about 6 percent.

https://www.nytimes.com/2019/05/28/business/dealbook/china-economy-us-corporate-profits.html?emc=rss&partner=rss

[boutons_deux]

Putin says Russia will supply soy beans, poultry meat to China

President Vladimir Putin said on Wednesday that Russia would supply soy beans and poultry meat to China and

that the United States had effectively given up on that market.

https://www.reuters.com/article/us-russia-meat-china-putin-idUSKCN1NX1C4?fbclid=IwAR0tUAzL6v3dfh9zSo9pv4vwJY_ tNNGCL8PAfuDHjSMBOHZaP2kOgU5ZjWs (https://www.reuters.com/article/us-russia-meat-china-putin-idUSKCN1NX1C4?fbclid=IwAR0tUAzL6v3dfh9zSo9pv4vwJY_ tNNGCL8PAfuDHjSMBOHZaP2kOgU5ZjWs)

Trash sucking Pootin's manly dick at every opportunity

[boutons_deux]

Rich farmers, not mom-and-pop farms, will collect most of Trump’s tariff bailout

The lone valiant farmer struggling to eke an existence from his hardscrabble farm —

that’s the image President Trump wants you to think about

when contemplating the $28 billion in bailouts he’s spending to cover farm losses from his trade war.

Think again.

The vast majority of the dollars flowing to the agriculture industry via the bailouts is likely to go to farms with annual revenues of several million dollars.

Most of them are major beneficiaries of federal crop support programs that steer billions in subsidies and low-priced crop insurance — including insurance that already covers some of their losses in the trade war.

https://www.latimes.com/business/hiltzik/la-fi-hiltzik-trump-farm-bailout-20190528-story.html (https://www.latimes.com/business/hiltzik/la-fi-hiltzik-trump-farm-bailout-20190528-story.html)

[RandomGuy]

Here's a post that didn't age well. :rollin

Dow closing Apr 9 2018: 23,979

Dow current Dec 19 2018 23,380



https://twitter.com/gatewaypundit/status/1075484675420942336

Federal Reserve runs this shit son, and Trump has been fighting them since his inception.

Feb 1, 2018 dow closes at 25,029

May 31, 2019 dow at 24,815

So the stock market has done pretty much zero since Trump took office, with an inverted yield curve looming.

[spurraider21]

Feb 1, 2018 dow closes at 25,029

May 31, 2019 dow at 24,815

So the stock market has done pretty much zero since Trump took office, with an inverted yield curve looming.
when do you think trump took office?

unless the metric you're going for is the tax cut

[boutons_deux]

5 Ways Trump’s New Plan to Seal the Border by Putting Tariffs on Mexico Could Backfire

1. They could prevent Trump from winning approval of his new version of NAFTA before the 2020 election.

2. The tariffs could actually hurt American exporters.

3. Trump could end up squandering his top political asset.

4. The United States just demonstrated that its allies cannot trust it to honor the terms of trade deals — so why would China?

5. AMLO may now be less inclined to help the U.S. with its asylum “problem.”

http://nymag.com/intelligencer/2019/05/trump-mexico-tariffs-asylum-migrants-usmca-backfire-trade-war-explained.html (http://nymag.com/intelligencer/2019/05/trump-mexico-tariffs-asylum-migrants-usmca-backfire-trade-war-explained.html)

[boutons_deux]

President Lopez Obrador of Mexico responds to Trump's tariff threat & it’s a beautiful thing (https://www.dailykos.com/stories/2019/5/31/1861779/-President-Lopez-Obrador-of-Mexico-responds-to-Trump-s-tariff-threat-it-s-a-beautiful-thing)

Mexico City, May 30, 2019President Donald Trump,

...

I express to you that I don’t want confrontation. The peoples and nations that we represent deserve that we resort to dialogue and act with prudence and responsibility, in the face of any conflict in our relations, serious as it may be.

...

, we frame our policy on immigration. Human beings do not leave their villages for pleasure but out of necessity. That’s why, from the beginning of my government, I proposed opting for cooperation in development and aid for the Central American countries with productive investments to create jobs and resolve this painful situation.

...

social problems are not resolved by tariffs or coercive measures like turning a neighboring country overnight into a ghetto, an enclosed place for the migrants of the world, where they’re stigmatized, abused, persecuted, and excluded and the right to justice is denied to those who seek to work and to live free from want. The Statue of Liberty is not an empty symbol.

...

the slogan "United States First" is a fallacy because universal justice and fraternity will prevail until the end of time, even over national borders.

...

I propose to deepen our dialogue, and seek alternatives to the immigration problem. And, please remember that I do not lack courage, that I am not cowardly or timorous, but that I act on principles.


...

Nothing by force. Everything by reason and human rights.
Your friend,
Andrés Manuel López Obrador

President of México
https://lopezobrador.org.mx/wp-content/uploads/2019/05/30-05-2019-Carta-al-presidente-Trump.pdf

https://www.dailykos.com/stories/2019/5/31/1861779/-President-Lopez-Obrador-of-Mexico-responds-to-Trump-s-tariff-threat-it-s-a-beautiful-thing?utm_campaign=trending?detail=emaildkre

AMLO sounds like a stateman, Trash IS a fucking ignorant paranoid illegit mentally ill President, supported by mentally ill Americans.

[boutons_deux]

Trump’s Crazy Mexico Tariff Is Stoking a Meltdown on Wall Street

On Thursday evening, Senator Chuck Grassley, the chairman of the Senate Finance Committee, called (https://thehill.com/homenews/senate/446278-grassley-slams-trump-tariffs-on-mexico) Trump’s threat a “misuse” of his Presidential powers, pointing out that trade policy and border security are separate issues.

Senator Joni Ernst, Grassley's Iowa colleague, warned (https://www.politico.com/story/2019/05/31/trump-mexico-tariffs-trade-deal-1494055) that Trump’s move could derail congressional approval of a new trade deal with Canada and Mexico.

He has grown used to Republicans and corporate trade groups carping (https://www.rollcall.com/news/politics/gop-reaction-trump-tariffs-fast-furious-negative) about his various trade wars, and he knows that there won’t be any meaningful follow-through, as long as his base of supporters and his right-wing-media allies back him up.

The only real constraints on Trump’s actions are the courts, the opinion polls, and the financial markets.

On Friday, the U.S. Chamber of Commerce, which represents Fortune 500 companies, like General Motors and Ford, whose businesses are dependent on imports from Mexico, said (https://www.reuters.com/article/us-usa-trade-mexico-chamberofcommerce/u-s-chamber-of-commerce-mulls-challenge-of-trump-tariffs-on-mexican-goods-idUSKCN1T11YI?il=0) that

it was considering legal action. “We have no choice but to pursue every option available to push back,”

Trump was relying on the International Emergency Economic Powers Act, of 1977,

which gives the President broad authority (https://fas.org/sgp/crs/natsec/R45618.pdf) to respond to an “unusual and extraordinary threat” to the national security, foreign policy, or economy of the United States. the legislation has never been invoked to impose tariffs, and

Mexico is an ally, not an adversary.

If the new tariffs do go into effect, they will raise the prices for consumers on a wide range of goods, which could produce a popular backlash.

fifty-three per cent of respondents said that they disapproved of Trump’s handling of trade,

forty-seven per cent of respondents disapproved of Trump’s immigration policies, and

forty-four per cent approved.

eighty-two per cent of self-identified Republicans approve of Trump’s trade policies.

eighty-five per cent of Republicans expressed support for his immigration policies.

seems unlikely that it will prompt Trump’s backers to desert him en masse.

That leaves the stock market, which Trump watches closely, and which could yet prove to be the most effective constraint on his actions.

Based on his experience of the last two years,

Trump seems to believe that he can target anybody for his bullying, acting as arbitrarily as he wants, and

he still won’t suffer any consequences,

because the economy and the stock market will continue to power ahead.

the economy has already slowed (https://www.marketwatch.com/story/us-firms-grow-at-slowest-pace-since-before-trump-election-amid-china-trade-tensions-ihs-markit-survey-finds-2019-05-23) in the second quarter of the year, which leaves it more vulnerable to negative shocks,

this latest Trump power play is so extreme and potentially self-destructive that, according to the Wall Street Journal (https://www.wsj.com/articles/trumps-top-trade-adviser-opposed-mexican-tariffs-11559320692?mod=hp_lead_pos1),

even his own hard-line trade adviser, Robert Lighthizer, opposed it.

“I keep reading [that] Trump views the stock market as a real-time indicator of how he's doing,”

“Either that’s wrong, or

he’s going to have to blink on tariffs, because

the market can’t live with this level of crazy.”

https://www.newyorker.com/news/our-columnists/trumps-crazy-mexico-tariff-is-stoking-a-meltdown-on-wall-street?utm_campaign=aud-dev&utm_source=nl&utm_brand=tny&utm_mailing=TNY_Daily_060119&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&esrc=&utm_term=TNY_Daily (https://www.newyorker.com/news/our-columnists/trumps-crazy-mexico-tariff-is-stoking-a-meltdown-on-wall-street?utm_campaign=aud-dev&utm_source=nl&utm_brand=tny&utm_mailing=TNY_Daily_060119&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&esrc=&utm_term=TNY_Daily)

[boutons_deux]

DONALD TRUMP’S WAR ON CARS IS PUSHING THE US CLOSER TO A RECESSION

New taxes on Mexican goods would be the latest blow to automakers, and would come at a precarious time

https://cdn.vox-cdn.com/thumbor/aTYnsL6ccQAnWu0pheUq_KPB2LA=/0x0:5568x3712/1310x873/cdn.vox-cdn.com/uploads/chorus_image/image/63933181/GettyImages_656981768.0.jpg


When President Donald Trump announced new tariffs on Mexican goods this week (https://www.whitehouse.gov/briefings-statements/statement-president-regarding-emergency-measures-address-border-crisis/), he delivered the latest blow in a war he’s waged on automakers since before he was elected.

as he continues to escalate his fight against foreign-made cars, some experts think the US will move closer to another recession.

The tariffs are on “all goods” coming to the US from Mexico, but they’d likely hit the auto industry hard.

If they escalate to the 25 percent cap Trump proposed, and the automakers absorb the entire cost so as not to pass it onto consumers,

it could cost General Motors (GM) $6.3 billion,

Fiat Chrysler Automobiles (FCA) $4.8 billion, and

Ford $3.3 billion,

By the end of Friday, the threat of the tariffs alone had already wiped out about $17 billion of market value from the world’s biggest automakers (https://www.bloomberg.com/news/articles/2019-05-31/japanese-automobile-stocks-drop-on-trump-s-mexico-tariff-tweet).

https://www.theverge.com/2019/6/1/18647215/donald-trump-mexico-tariffs-cars-recession-jobshen

[boutons_deux]

Trump’s stunning decision to escalate trade wars with China and Mexico signals a turning point for U.S. policy

President Trump’s plan to slap new tariffs on Mexican imports, weeks after escalating his trade war with China, leaves the United States fighting a multi-front campaign that threatens more instability for manufacturers, consumers and the global economy.

“In our view, if the U.S. is willing to impose tariff and non-tariff barriers on China and Mexico,

then the bar for tariffs on other important U.S. trading partners, including Europe, may be lower than we previously thought,”

“We think trade tensions could escalate further before they de-escalate,”

Trump’s move against Mexico a turning point for financial markets and the U.S. economy.

investors spooked by new tariff threats sought safety in German government bonds and the Euro rather than their customary dollar-denominated havens.

This “seems to me an indicator that the concerns about the U.S. are rising,”

“A lot of companies feeling pressure to get out of China are looking at Mexico if they want to serve the US market, Vietnam if they’re more focused on Asia,”

“Trump’s action yesterday scrambles all those plans.”

few have reported returning production to the United States, despite the president’s stated aim of using trade policy to help bring jobs back home.

Many are still seeking alternative locations overseas, where labor is cheaper.

If no solution is found, Mexico is certain to impose retaliatory tariffs on U.S. goods, with likely targets including U.S. pork, beef, wheat and dairy products,

the about-face treatment of Mexico would damage Trump’s ability to negotiate trade deals it is pursuing with other partners, including China and Europe.

“You can’t negotiate a trade agreement with someone and then turn around and whack them,”

“The drag to the US economy could be meaningful, especially if the tariffs reach 25%,”

Even if the tariff remains at 5 percent, the effective cost could be higher because many parts cross the border several times as products are assembled, and the tariff must be paid upon each crossing into the United States.

U.S. automakers will be among the principal casualties.

Last year, the United States imported roughly $350 billion in merchandise from Mexico, including about $85 billion in vehicles and parts,

“The auto sector – and the 10 million jobs it supports – relies upon the North American supply chain and cross border commerce to remain globally competitive,”

Consumers could pay up to $1,300 more per vehicle if the tariffs are implemented,

https://www.washingtonpost.com/business/economy/trumps-stunning-decision-to-escalate-trade-wars-with-china-and-mexico-signals-a-turning-point-for-us-policy/2019/05/31/d1e28270-83da-11e9-95a9-e2c830afe24f_story.html?utm_term=.255406911491&wpisrc=nl_most&wpmm=1 (https://www.washingtonpost.com/business/economy/trumps-stunning-decision-to-escalate-trade-wars-with-china-and-mexico-signals-a-turning-point-for-us-policy/2019/05/31/d1e28270-83da-11e9-95a9-e2c830afe24f_story.html?utm_term=.255406911491&wpisrc=nl_most&wpmm=1)

[boutons_deux]

Chinese playing hard ball, not yielding anything to, not intimidated or bullied by Trash, throwing his own words back at him

Chinese brutally taunt Trump over his failing trade war: He has ‘not made America great again’

the Chinese government claims it has made its last offer on a trade agreement with the U.S.,

while at the same time ridiculing President Donald Trump for being on the losing end of the trade war he began (https://www.businessinsider.com/china-us-trade-talks-negotiation-g20-2019-6).

a senior Chinese official made a series of statements outlining the Chinese government’s terms for negotiation and pushed back on the United States’ use of pressure to force concessions,”

“During the consultations, China has overcome many difficulties and put forward pragmatic solutions. However, the U.S. has backtracked, and when you give them an inch, they want a yard.”

https://www.rawstory.com/2019/06/chinese-brutally-taunt-trump-over-his-failing-trade-war-he-has-not-made-america-great-again/?utm_source=push_notifications&utm_source=&utm_medium=email&utm_campaign=278 (https://www.rawstory.com/2019/06/chinese-brutally-taunt-trump-over-his-failing-trade-war-he-has-not-made-america-great-again/?utm_source=push_notifications&utm_source=&utm_medium=email&utm_campaign=278)

China knows the 21st Century is the Chinese century, not the American century

[Winehole23]

https://cfrd8-files.cfr.org/sites/default/files/styles/large_s/public/image/2019/05/todays%20blog%20post.jpg

The grey bar, US revenue from the tariffs, is paid by US businesses and consumers; the red bar is cash subsidies to farmers who lost Chinese contracts because of the the tariffs. Revenue from the tariffs doesn't cover the subsidies. let alone lost opportunities and relationships.

Trump's trade war looks like a loser any way you slice it.

[boutons_deux]

Trash looking around for other allies to piss on or piss off

Trump Administration Considered Tariffs on Australia

officials at the Defense and State Departments told Mr. Trump the move would alienate a top ally and could come at significant cost to the United States.

https://www.nytimes.com/2019/06/02/business/trump-australia-tariffs.html?emc=rss&partner=rss

[boutons_deux]

US recession odds jump as Trump’s trade wars take a bite out of the economy

The odds of a US recession by next year have increased sharply,

with mounting protectionism continuing to pose the greatest economic threat, according to a business economic survey Monday.

Nearly all the respondents to the quarterly survey from the National Association for Business Economics predicted growth would slow in 2019 but were moderately less gloomy about the risks to their outlook.

“Increased trade protectionism is considered the primary downside risk to growth by a majority of respondents,

followed by financial market strains and a global growth slowdown,”

“Recession risks are perceived to be low in the near term but to rise rapidly in 2020.”

The panelists put the odds at 60 percent for a US recession before the end of 2020 — nearly double the 35 percent forecast in the survey three months ago.

Nearly 90 percent of respondents said they had cut their growth forecasts in recent months due to US trade policy,

which has involved battles with all major US trading partners,

https://www.rawstory.com/2019/06/us-recession-odds-jump-as-trumps-trade-wars-take-a-bite-out-of-the-economy/?utm_source=&utm_medium=email&utm_campaign=281 (https://www.rawstory.com/2019/06/us-recession-odds-jump-as-trumps-trade-wars-take-a-bite-out-of-the-economy/?utm_source=&utm_medium=email&utm_campaign=281)

[Chris]

https://twitter.com/ChuckCallesto/status/1135342835153088513?s=19

[Pavlov]

https://twitter.com/ChuckCallesto/status/1135342835153088513?s=19Not one thing about begging in that article.

[Winehole23]

Chris brings the pure propaganda, as usual.

[boutons_deux]

Not one thing about begging in that article.

ask = beg in rightwingnutjob vocab

[boutons_deux]

Mexico draws red line on asylum as Trump tariff risk rises


Mexico said on Monday it would reject a U.S. idea to take in all Central American asylum seekers :lol

if it is raised at talks this week with the Trump administration,

which has threatened to impose tariffs if Mexico does not crack down on illegal immigration.


https://www.reuters.com/article/us-usa-trade-mexico-deal/mexico-draws-red-line-on-asylum-as-trump-tariff-risk-rises-idUSKCN1T41KU?feedType=RSS&feedName=politicsNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FPoliticsNews+%28Reu ters+Politics+News%29

[boutons_deux]

Trump Makes America Irresponsible Again

Why “tariff” isn’t a “beautiful word.”

Donald Trump’s plan to impose tariffs (https://www.nytimes.com/2019/06/01/us/politics/trump-mexico-tariffs.html?module=inline) on Mexican exports ... almost surely illegal: U.S. trade law gives presidents discretion to impose tariffs for a number of reasons, but curbing immigration isn’t one of them.

It’s also a clear violation of U.S. international agreements.

And it will reduce the living standards of most Americans,

destroy many jobs in U.S. manufacturing,

and hurt farmers.

let’s put all of that to one side and talk about the really bad stuff. :lol

the actual history of U.S. tariffs isn’t pretty

Trump’s tariffs will more than wipe out (https://www.forbes.com/sites/howardgleckman/2019/05/14/for-many-households-trumps-tariffs-could-wipe-out-the-benefits-of-the-tcja/#7f3127b03fca) whatever breaks middle-class Americans got from the 2017 tax cut.

until the 1930s, tariff policy was a cesspool of corruption and special-interest politics.

Trump’s erratic trade actions, unconstrained by what we used to think were the legal rules, have brought the capriciousness back, and good old-fashioned corruption #— if it isn’t happening already — won’t be far behind.

tariff policy is inextricably linked with America’s role as a global superpower.

Central to that role is the expectation that the U.S. will be both reliable and responsible

— that it will honor whatever agreements it makes, and

more broadly that it will make policy with an eye to the effects of its actions on the rest of the world.

Trump is throwing all that away.

His Mexican tariffs violate both Nafta,

and our obligations under the World Trade Organization, which, like U.S. law, permits new tariffs only under certain specified conditions.

So America has become a lawless actor in world markets, a tariff-policy rogue state.

Trump is returning America to the kind of irresponsibility it displayed after World War I

America also took a sharply protectionist turn long before the infamous 1930 Smoot Hawley Act.

In early 1921, Congress enacted the Emergency Tariff Act (https://eh.net/encyclopedia/the-fordney-mccumber-tariff-of-1922/), soon followed by the Fordney-McCumber Tariff of 1922.

These actions more than doubled (https://www.usitc.gov/documents/dataweb/ave_table_1891_2016.pdf) average tariffs on dutiable imports.

Like Trump, the advocates of these tariffs claimed that they would bring prosperity to all Americans.

They didn’t.

Farmers, however, spent the 1920s suffering from low prices for their products and high prices for farm equipment, leading to a surge in foreclosures (https://eh.net/encyclopedia/the-u-s-economy-in-the-1920s/).

Part of the problem was that U.S. tariffs were met with retaliation; even before the Depression struck, the world was engaged in a gradually escalating trade war.

the trade war/debt nexus created a climate of international distrust and bitterness that contributed to the economic and political crises of the 1930s.

am I saying that Trump is repeating the policy errors America made a century ago? No.

This time it’s much worse.

while Warren Harding wasn’t a very good president, he didn’t routinely abrogate international agreements in a fit of pique.

While America in the 1920s failed to help build international institutions, it didn’t do a Trump and actively try to undermine them.

And while U.S. leaders between the wars may have turned a blind eye to the rise of racist dictatorships,

they generally didn’t praise those dictatorships and compare them favorably to democratic regimes.

There are, however, enough parallels between U.S. tariff policy in the 1920s and Trumpism today for us

to have a pretty good picture of what happens when politicians think that tariffs are “beautiful.”

And it’s ugly.

https://www.nytimes.com/2019/06/03/opinion/trump-tariffs.html?action=click&module=Opinion&pgtype=Homepage (https://www.nytimes.com/2019/06/03/opinion/trump-tariffs.html?action=click&module=Opinion&pgtype=Homepage)

btw, Repugs are pushing back hard against Trash's MX tariff, while Trash tells Schumer that he's not bluffing.

:lol Schumer may be baiting Trash into implementing the MX tariffs to beat him with it in the campaign.

And America of the 1920s didn't have a economic powerhouse as Trash does with China.

[boutons_deux]

For the U.S. and China, it’s not a trade war anymore — it’s something worse

now threatens to become a far wider and more ominous confrontation.

the conflict with China has widened beyond the original trade-based issues.

Officials on both sides of the Pacific have begun to portray

the U.S.-China relationship in nationalistic and emotion-charged terms that suggest a much deeper conflict.

a member of the Chinese Politburo harangued them for almost an hour, describing the

U.S.-China relationship as a “clash of civilizations” and

boasting that China’s government-controlled system was far superior to the “Mediterranean culture” of the West,

a senior State Department official, during a forum last month (https://www.newamerica.org/conference/future-security-forum-2019/#about) in Washington, warned of a deepening confrontation with China that she cast in something close to racial terms.

whether either leader is interested in a stand-down is unclear.

Attitudes have hardened in recent days after the Trump administration blacklisted the telecom firm Huawei (https://www.commerce.gov/news/press-releases/2019/05/department-commerce-announces-addition-huawei-technologies-co-ltd), essentially blocking one of China’s most successful global companies from buying crucial components and software from U.S. firms.

The White House is preparing similar actions against other Chinese high-tech firms (https://www.nytimes.com/2019/05/21/us/politics/hikvision-trump.html),

https://www.latimes.com/politics/la-na-pol-us-china-trade-stalemate-20190531-story.html#nws=mcnewsletter (https://www.latimes.com/politics/la-na-pol-us-china-trade-stalemate-20190531-story.html#nws=mcnewsletter)

[boutons_deux]

China Warns Tourists Against U.S. Travel Amid ‘Shootings, Robberies and Thefts’

China is cautioning its citizens against traveling to the U.S., citing safety concerns and telling tourists to look out for harassment by American law enforcement as tensions between the two countries continue to build.

In a public notice issued Tuesday, the Chinese Ministry of Culture and Tourism (https://www.mct.gov.cn/ggfw/cxts/201906/t20190604_844146.htm) stated that “shootings, robberies and thefts have occurred frequently in the United States.”

https://www.huffpost.com/entry/china-us-tourism-safety-warning_n_5cf6a9d8e4b0a1997b724e60?ncid=newsltushp mgnews__TheMorningEmail__060619 (https://www.huffpost.com/entry/china-us-tourism-safety-warning_n_5cf6a9d8e4b0a1997b724e60?ncid=newsltushp mgnews__TheMorningEmail__060619)

Trash/Miller have also killed ALL tourism by requiring visa applicants to turnover 5 years of social media postings and 5 years of emails.

[boutons_deux]

Manufacturing falls to lowest level of Trump presidency;

tariffs take the blame

Factory output hits three-year low,

thanks to erratic tariff policy and

"president who understands very little"


Manufacturing in the United States fell to its lowest level since President Donald Trump took office, according to two industry analyses.

The U.S. Manufacturing Purchasing Managers Index fell to its lowest level in April since October 2016, according to the Institute for Supply Management (https://www.instituteforsupplymanagement.org/ISMReport/MfgROB.cfm?SSO=1).

The ISM survey also found that its factory employment index had fallen by 11 percent since October 2016 and factory output fell to its lowest point since August 2016

Business owners were quick to point to Trump’s trade wars with China and other countries as

the leading cause for the slump in American manufacturing

https://www.salon.com/2019/06/05/manufacturing-falls-to-lowest-level-of-trump-presidency-tariffs-take-the-blame/ (https://www.salon.com/2019/06/05/manufacturing-falls-to-lowest-level-of-trump-presidency-tariffs-take-the-blame/)

[boutons_deux]

China imposes $23.6 million fine on Ford amid Trump’s trade war
https://www.rawstory.com/2019/06/china-imposes-23-6-million-fine-on-ford-amid-trumps-trade-war/

[boutons_deux]

Yes, Republicans can stand up to Trump — when their big donors insist on it

Senate Republicans are willing to defy Trump, and even override a veto —

because big business hates his tariffs

https://www.salon.com/2019/06/05/yes-republicans-can-stand-up-to-trump-when-their-big-donors-insist-on-it/ (https://www.salon.com/2019/06/05/yes-republicans-can-stand-up-to-trump-when-their-big-donors-insist-on-it/)

the oligarchy always gets its preferences, the citizens almost never

[boutons_deux]

U.S. trade adviser Navarro: Mexico tariffs may not have to take effect (http://feeds.reuters.com/~r/reuters/topNews/~3/1tADt0ncj-s/u-s-trade-adviser-navarro-mexico-tariffs-may-not-have-to-take-effect-idUSKCN1T61PN)

White House trade adviser Peter Navarro said on Wednesday that U.S. tariffs on Mexican goods may not have to take effect because Washington now has Mexico's attention on the issue.

https://www.reuters.com/article/us-usa-trade-mexico-navarro/u-s-trade-adviser-navarro-mexico-tariffs-may-not-have-to-take-effect-idUSKCN1T61PN?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29

:lol

[boutons_deux]

Yes, Republicans can stand up to Trump — when their big donors insist on it

Senate Republicans are willing to defy Trump, and even override a veto —

because big business hates his tariffs

https://www.salon.com/2019/06/05/yes-republicans-can-stand-up-to-trump-when-their-big-donors-insist-on-it/ (https://www.salon.com/2019/06/05/yes-republicans-can-stand-up-to-trump-when-their-big-donors-insist-on-it/)

the oligarchy always gets its preferences, the citizens almost never

[Winehole23]

Are you for or against the tariffs on Mexico, boutons_deux?

Why or why not?

[boutons_deux]

Are you for or against the tariffs on Mexico, boutons_deux (https://www.spurstalk.com/forums/member.php?u=16047)?

Why or why not?

G F Y

[Winehole23]

G F Yboutons angrily sits on the fence.

[boutons_deux]

More Than 117,000 Texans Will Lose Their Jobs If Trump Imposes Mexico Tariffs, Economist Warns


https://www.sacurrent.com/the-daily/archives/2019/06/05/more-than-117000-texans-will-lose-their-jobs-if-trump-imposes-mexico-tariffs-economist-warns (https://www.sacurrent.com/the-daily/archives/2019/06/05/more-than-117000-texans-will-lose-their-jobs-if-trump-imposes-mexico-tariffs-economist-warns)

[boutons_deux]

Huawei and ZTE 5G ban would cost telecom industry $62 billion

Excluding China’s Huawei Technologies Co. and ZTE Corp. from the next generation of mobile networks would lumber European phone companies with 55 billion euros ($62 billion) in extra costs, the wireless industry’s main lobby group said.

A global ban advocated by U.S. President Donald Trump would also delay the rollout of the high-speed 5G networks by at least 18 months and deprive the European Union of around 45 billion euros in productivity growth,

https://mybroadband.co.za/news/telecoms/309317-huawei-and-zte-5g-ban-would-cost-telecom-industry-62-billion.html

[boutons_deux]

Trump blasted for placing foreign manufacturers on government ban list reserved for terrorist nations

In an examination into how Donald Trump is waging multi-front trade wars that are roiling the world’s economy,

an intelligence analyst pointed out that the president is placing foreign manufacturers on an official government list reserved for terrorist-supporting nations (https://www.nytimes.com/2019/06/08/business/trump-economy-national-security.html?action=click&module=Top%20Stories&pgtype=Homepage).

According to the New York Times,

the Trump administration has “added the telecom gear maker Huawei to what is known as an Entity List,

which effectively cuts the company off from buying American technology,”

adding that Trump “had previously placed two other big Chinese companies — the telecom giant ZTE and a memory chip maker, Fujian Jinhua Integrated Circuit — on the list and is now considering adding HikVision, a Chinese video surveillance giant.”

“The Entity List is reserved for our most dangerous opponents,” Lewis explained.

“It used to be you had to be a terrorist supporting nation or a proliferator, so this is a new chapter.”

https://www.rawstory.com/2019/06/trump-blasted-for-placing-foreign-manufacturers-on-government-ban-list-reserved-for-terrorist-nations/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2019/06/trump-blasted-for-placing-foreign-manufacturers-on-government-ban-list-reserved-for-terrorist-nations/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)

https://www.nytimes.com/2019/06/08/business/trump-economy-national-security.html?action=click&module=Top%20Stories&pgtype=Homepage

Does Trash and his team of dick-sucking sycophants have any idea of what they are doing, why are they doing it, what the consequences are and will be?

[boutons_deux]

China Summons Tech Giants to Warn Against Cooperating With Trump Ban

The Chinese government this past week summoned major tech companies

including Microsoft and Dell from the United States and Samsung of South Korea,

to warn that they could face dire consequences

if they cooperate with the Trump administration’s ban on sales of key American technology to Chinese companies,

Beijing’s announcement that it was assembling a list of “unreliable (https://www.nytimes.com/2019/05/31/business/china-list-us-huawei-retaliate.html?action=click&module=inline&pgtype=Homepage)” companies and individuals.

That list was widely seen as a way of hitting back at the Trump administration for its decision to cut off Huawei (https://www.nytimes.com/2019/05/20/technology/google-android-huawei.html?module=inline),

The breakneck unraveling of the world’s most important trade relationship has left companies and governments around the world scrambling.

While the dispute had already been nettlesome for Chinese-U.S. relations,

the sudden ban on Huawei last month caught many by surprise,

raising the stakes by striking at the heart of China’s long-term technological ambitions.

https://www.nytimes.com/2019/06/08/business/economy/china-huawei-trump.html?emc=rss&partner=rss (https://www.nytimes.com/2019/06/08/business/economy/china-huawei-trump.html?emc=rss&partner=rss)

Trash and his sycophants have no fucking idea of the damage they are doing TO THE USA

[boutons_deux]

WSJ slaps Trump over ghastly jobs report — and blames his disastrous tariffs

saying his interference in markets and trade policy is damaging the economy and he needs to butt out (https://www.wsj.com/articles/a-jobs-warning-for-trump-11559945631?mod=hp_opin_pos2).

Noting a meager 75,000 jobs created, the editorial gets right to the point:

“President Trump understandably talks up the job creation on his watch,

so he should heed Friday’s Labor report that showed a sharp pullback in hiring.

The labor-market warning reinforces other evidence that the

uncertainty caused by scattershot tariffs is now hurting employment as well as investment.”

https://www.rawstory.com/2019/06/wsj-slaps-trump-in-the-face-over-ghastly-jobs-report-and-blames-his-disastrous-tariffs/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2019/06/wsj-slaps-trump-in-the-face-over-ghastly-jobs-report-and-blames-his-disastrous-tariffs/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)

[DMX7]

WSJ slaps Trump over ghastly jobs report — and blames his disastrous tariffs

saying his interference in markets and trade policy is damaging the economy and he needs to butt out (https://www.wsj.com/articles/a-jobs-warning-for-trump-11559945631?mod=hp_opin_pos2).

Noting a meager 75,000 jobs created, the editorial gets right to the point:

“President Trump understandably talks up the job creation on his watch,

so he should heed Friday’s Labor report that showed a sharp pullback in hiring.

The labor-market warning reinforces other evidence that the

uncertainty caused by scattershot tariffs is now hurting employment as well as investment.”

https://www.rawstory.com/2019/06/wsj-slaps-trump-in-the-face-over-ghastly-jobs-report-and-blames-his-disastrous-tariffs/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2019/06/wsj-slaps-trump-in-the-face-over-ghastly-jobs-report-and-blames-his-disastrous-tariffs/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)




You don’t know how negotiations work. You’ve probably never even read The Art of The Deal.

[boutons_deux]

China to curb some technology exports to U.S.

the measures suggest Beijing would retaliate over U.S. restrictions imposed on Shenzhen-based Huawei Technologies Co Ltd due to what Washington said were national security issues.

In a tweet, the pro-CCP paper’s editor-in-chief Hu Xijin said that China “is building a management mechanism to protect China’s key technologies.”

“This is a major step to improve its system and also a move to counter U.S. crackdown,” he added. “Once taking effect, some technology exports to the U.S. will be subject to the control.”

https://www.reuters.com/article/us-china-tech-export-restrictions/china-to-curb-some-technology-exports-to-u-s-global-times-editor-idUSKCN1T90D8?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29 (https://www.reuters.com/article/us-china-tech-export-restrictions/china-to-curb-some-technology-exports-to-u-s-global-times-editor-idUSKCN1T90D8?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29)

[boutons_deux]

China Telecom Swallows Huge Amount of European Mobile Traffic For Over Two Hours (https://gizmodo.com/china-telecom-swallows-huge-amount-of-european-mobile-t-1835337994)

For more than two hours on Thursday, one of China’s largest internet providers forced a huge chunk of European mobile traffic to be rerouted through its own servers (https://www.zdnet.com/article/for-two-hours-a-large-chunk-of-european-mobile-traffic-was-rerouted-through-china/).

in April 2010, roughly 15 percent (https://arstechnica.com/information-technology/2010/11/how-china-swallowed-15-of-net-traffic-for-18-minutes/) of the world’s internet traffic suddenly traversed through Chinese servers.

This included traffic flowing to and from U.S. government and military websites, including NASA. Commercial sites for companies such as Dell and Microsoft were similarly affected.

the duration of the episode is unusual, experts say, and such incidents can be malicious.

fingered China Telecom’s behavior as

highly suspicious, revealing that the company had seamlessly “hijacked the domestic US and cross-US traffic and redirected it to China over days, weeks, and months.”

“Two hours is a long time for a routing leak of this magnitude to stay in circulation, degrading global communications,”

a major data center in Switzerland, Safe Host, leaked more than 70,000 routes to China Telecom, which in turn announced the routes on the global internet, causing huge amounts of traffic destined for European networks to be rerouted through its own servers.

https://gizmodo.com/china-telecom-swallows-huge-amount-of-european-mobile-t-1835337994?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+gizmodo%2Ffull+%28Gizmodo%29 (https://gizmodo.com/china-telecom-swallows-huge-amount-of-european-mobile-t-1835337994?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+gizmodo%2Ffull+%28Gizmodo%29)


No doubt, Trash and his trade warriors were prepared for Chinese cyberwar

[Winehole23]

2010?

[boutons_deux]

2010?

Yes last Thursday and in 2010 China stealing data from the West

[boutons_deux]

As trade war with U.S. grinds on, Chinese tourists stay away

A new battlefront has opened in the trade war between the United States and China:

the $1.6 trillion U.S. travel industry.

Industry professionals worry that the drop-off is picking up speed this year,

affecting not just airlines, hotels and restaurants,

but also retailers and attractions like amusement parks and casinos.

https://www.bizjournals.com/albany/news/2019/06/12/as-trade-war-with-u-s-grinds-on-chinese-tourists.html?ana=e_sant_bn_breakingnews&mkt_tok=eyJpIjoiTmpnMVlUYzVaRE00WkdRMSIsInQiOiJWNV liQjFwemorZkQ3XC9Yb3B5eklPK0x4dFMxUU5cLzltbmtOQ1gr dFJUTDhnM3VFZmcxNXpSRTRiUkJnTGQxZ0ZcL0tSN01kOGtuMW xWVVNmWDJXUk1OTkdCVG1PTGpCamcwNTAwUWk2ZGwxMGZmTTdy S2VTbFVaYzhFbnJKbnFsSFlkYXZ2K01TUjVncHl2dmtJRWdlN0 E9PSJ9

Combined with Stephen Miller's visa barrier of 5 years of social media posts and emails before a visa is granted,

and WHO THE FUCK is going to vet each of 100Ks of tourists' 5 years of info? and how long will it take?

Foreign tourism very probably will drop disastrously? to whose benefit?

[boutons_deux]

U.S. denies Tesla, GM, Uber 25% Chinese tariff relief

The Trump administration is expanding efforts to block the use of Chinese technology in advanced vehicles,

denying additional requests by Tesla Inc for tariff relief on key components of its electric vehicles, and

rejecting ride-hailing company Uber’s petition to waive tariffs on electric scooters and

at least 50 separate requests by General Motors Co.

https://www.reuters.com/article/us-usa-trade-china-tesla/u-s-denies-tesla-gm-uber-25-chinese-tariff-relief-idUSKCN1TE2AM?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29 (https://www.reuters.com/article/us-usa-trade-china-tesla/u-s-denies-tesla-gm-uber-25-chinese-tariff-relief-idUSKCN1TE2AM?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29)

[boutons_deux]

Over 600 U.S. companies urge Trump to resolve trade dispute with China
https://www.politicususa.com/2019/06/13/over-600-u-s-companies-urge-trump-to-resolve-trade-dispute-with-china.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29 (https://www.politicususa.com/2019/06/13/over-600-u-s-companies-urge-trump-to-resolve-trade-dispute-with-china.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29)

[Winehole23]

The Trump negotiating plan is to demand capitulation, then to claim victory when the opposing side does whatever it was going to do anyway. Michael Hudson sketches out the main problem with this approach:


Catalyzing Asian and European trade independence, financial independence, food independence and IT independence from the threat of U.S. sanctions will leave the U.S. isolated in the emerging multilateralism.https://www.nakedcapitalism.com/2019/06/michael-hudson-trumps-trade-threats-are-really-cold-war-2-0.html

[boutons_deux]

China's growth is lowest in 17 years, all the way down to 5 fucking %, so excruciatingly bad that USA hasn't achieved that high in 25 years.

Trash and his so-called economic advisor sycophants have no idea what they are doing, and even less idea when and how to stop doing it.

[boutons_deux]

India imposes tariffs on $1.5B of US imports

[boutons_deux]

U.S. chipmakers quietly lobby to ease Huawei ban

Qualcomm and Intel, are quietly pressing the U.S. government to ease its ban on sales to the Chinese tech giant

Intel and Xilinx Inc attended a meeting in late May with the Commerce Department to discuss a response to Huawei’s placement on the black list,

“This isn’t about helping Huawei. It’s about preventing harm to American companies,”

Out of $70 billion that Huawei spent buying components in 2018, some $11 billion went to U.S. firms including Qualcomm, Intel and Micron Technology Inc.

Google, which sells hardware, software and technical services to Huawei, has also advocated so it can keep selling to the company

“They’re doing it by their own desire because, for many of them, Huawei is one of their major customers,” he said, adding that chipmakers knew that cutting Huawei off could have “catastrophic” consequences for them.

the ban has had real repercussions.

Broadcom, which has not been lobbying the Commerce Department, sent a shockwave through the global chipmaking industry when it forecast that

the U.S.-China trade tensions and the Huawei ban would knock $2 billion off its sales this year.

https://www.reuters.com/article/us-huawei-tech-usa-lobbying/u-s-chipmakers-quietly-lobby-to-ease-huawei-ban-sources-idUSKCN1TH0VA (https://www.reuters.com/article/us-huawei-tech-usa-lobbying/u-s-chipmakers-quietly-lobby-to-ease-huawei-ban-sources-idUSKCN1TH0VA)

No doubt, Trash and his trade warriors knew exactly how their war on China would affect US companies. :lol

[boutons_deux]

Laptop Prices Will Jump 19% Due to Tariffs

United States-based customers can expect about a $120 increase on a laptop (https://www.tomshardware.com/reviews/gaming-laptop-buying-guide,5689.html) priced at the national average - currently, $622.

As a result, the report suggests, consumers will be forced to reduce their overall purchases of laptops and tablets by 35%.

https://www.tomshardware.com/news/cta-report-predicts-surging-laptop-prices,39677.html

[boutons_deux]

Apple, Keurig Dr Pepper, Dollar Tree press U.S. to drop China tariff plan

their opposition to a Trump administration plan for more U.S. tariffs on Chinese goods, including iPhones, Macbooks, and single-serve coffee brewers.

The new round of tariffs would reduce Apple’s competitiveness and

reduce the contribution it could make to the U.S. Treasury, :lol :lol :lol BIG tax avoider, evader!! :lol

Apple said in an online filing on Thursday.

Air conditioner maker Carrier Inc, a unit of United Technologies, said the latest round of tariffs on air conditioner parts “will result in significant price increases for U.S. consumers of U.S.-manufactured HVAC equipment,”

The company said it would take 12 to 18 months to find alternative parts sources, and higher costs may force it to exit lower-priced segments of the air conditioning market.

Companies such as Dell Technologies Inc, HP Inc, and Walmart Inc have already voiced their opposition.

The tariffs could also hit Christmas sales hard, particularly cellphones, computers, toys and electronic gadgets.

https://www.reuters.com/article/us-usa-trade-china-apple/apple-keurig-dr-pepper-dollar-tree-press-u-s-to-drop-china-tariff-plan-idUSKCN1TL1RZ?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29

Trash, and his team of disk suckers have no fucking idea of what they are doing

[boutons_deux]

U.S. Will Add AMD's China Joint Venture to Entity List, Cut Access to U.S. Technology

Reports emerged today that the United States Department of Commerce will add AMD's THATIC Joint Venture to the entity list, saying Sugon (https://s3.amazonaws.com/public-inspection.federalregister.gov/2019-13245.pdf),

which has an ownership stake in the venture through its subsidiaries,

is "acting contrary to the national security or foreign policy interests of the United States." :lol

The action would cut off the joint venture's access to US technology, and

while the report does not specify a date for the action to go into effect,

it comes a week before President Trump's scheduled trade talks with China President Xi Jinping at the G20 summit as the two countries remain embroiled in a trade war.

The ruling also has an impact on Intel and Nvidia, as Sugon has developed 10 of China's 20 fastest supercomputers, and continues to develop more based on AMD, Nvidia, and Intel components.

Given the company's deep involvement in developing supercomputers for China, it could also put a large dent in the country's exascale ambitions.

https://www.tomshardware.com/news/amd-joint-venture-partner-banned-us-trade-war,39703.html (https://www.tomshardware.com/news/amd-joint-venture-partner-banned-us-trade-war,39703.html)

[boutons_deux]

How Trump tariffs are hurting U.S. consumers

Walmart is among the retailers who plan to raise prices because of the Trump administration's tariffs on Chinese-made goods.

There already have been a record number of bankruptcies for Midwest farmers.

Soybean futures have hit the lowest price levels in a decade.

Commodity prices for pork and cotton also are spiraling down.

consumers may be forced to pay higher prices for shoes and clothing at stores like Walmart and Target.

Walmart imports 26% of its products from China, while Target imports 34% of its merchandise from China.

prices for washing machines already are up 12% because of the tariffs.

When Trump regularly threatens to impose more tariffs on Chinese goods, raise existing tariffs, or impose tariffs on other countries, such as India and Mexico, U.S. businesses can’t plan on future manufacturing with any certainty, so they order fewer supplies.

Already, steel production is down, and plants are closing.

The total tariffs would mean that the average family could expect to pay $2,294 more annually for goods,

U.S. Steel is halting production at plants near Detroit and in Gary, Indiana.

According to a Washington Post story:
Despite initially surging under the tariffs, steel prices have fallen dramatically amid weakening demand from key consumers, including the auto industry, energy industry and agricultural industry, said Phil Gibbs, a steel industry analyst at KeyBanc Capital Markets. …

Trump’s steel tariffs are costing U.S. consumers and businesses more than $900,000 a year for every job created, according to a report by the Peterson Institute for International Economics, a think tank that supports free market policies.

From Fortune:


Steel and aluminum tariffs have increased production costs for manufacturers, which translates into higher prices for consumers.

The Peterson Institute for International Economics found that tariffs last year increased the price of steel products by nearly 9%, pushing up costs for steel users by $5.6 billion.

The outdoor recreation industry.

A new analysis from the Outdoor Industry Association estimates that current and potential tariffs could cost the companies that distribute and sell outdoor clothing and recreational equipment an estimated extra $1.5 billion in costs per month.



Retailers depend heavily on China in their supply chain. China accounted for about 41% of all apparel, 72% of all footwear, and 84% of all travel goods imported into the United States in 2017.

Executives of more than two dozen American companies have made it clear they will raise prices on consumer goods to protect their profit margins and stay competitive. Citi estimates that a 25% tariff would increase inflation by more than three times what the estimated effect of the current tariffs are.

“The production of some items, like cashmere and silk garments, is virtually impossible to move out of China in part because of where the delicate materials come from,”

officials from the two countries have worked on this issue for more than a year—and failed.

According to Yahoo Finance:
If they fail to reach an agreement, there’s a good chance Trump will follow through on his threat to place additional 25% tariffs on $300 billion worth of Chinese goods.

https://www.dailykos.com/stories/1865658

[boutons_deux]

Trump demands withdrawal of India's 'unacceptable' tariff hike :lol

U.S. President Donald Trump on Thursday demanded India withdraw retaliatory tariffs imposed by New Delhi this month,

calling the duties “unacceptable” in a stern message that signals trade ties between the two countries are fast deteriorating.

India slapped higher duties on 28 U.S. products after the United States withdrew tariff-free entry for certain Indian goods.

Washington is also upset with New Delhi’s plans

to restrict cross-border data flows and

impose stricter rules on e-commerce that hurt U.S. firms operating in India.

https://www.reuters.com/article/us-usa-india-trade-trump/trump-demands-withdrawal-of-indias-unacceptable-tariff-hike-idUSKCN1TS0DF?utm_term=OZY&utm_source=Sailthru&utm_medium=email&utm_campaign=PDB_06272019 (https://www.reuters.com/article/us-usa-india-trade-trump/trump-demands-withdrawal-of-indias-unacceptable-tariff-hike-idUSKCN1TS0DF?utm_term=OZY&utm_source=Sailthru&utm_medium=email&utm_campaign=PDB_06272019)

bully, dickless Trash's ignorance confirmed, yet again.

[boutons_deux]

Nintendo, Sony and Microsoft Rail Against Trump's Console Tariffs

submitted a joint letter to the United States government expressing concerns over proposed tariffs that would impact manufacturing their game consoles in China.

In the letter (https://www.regulations.gov/document?D=USTR-2019-0004-1869), dated June 17 and addressed to Joseph Barloon at the Office of the United States Trade Representative (USTR),

the industry leaders explain how tariffs on video game consoles hurt consumers, developers, retailers, and manufacturers alike.

The USTR’s tariffs also “risk job losses in the industry,” and “stifle innovation.”
https://www.tomsguide.com/us/microsoft-nintendo-sony-write-letter-trump-administration,news-30459.html (https://www.tomsguide.com/us/microsoft-nintendo-sony-write-letter-trump-administration,news-30459.html)

[boutons_deux]

Trash shooting his mouth off w/o thought, w/o clearing with anybody else in govt

Trump appears to soften his tone on Huawei

US President Donald Trump has appeared to soften his tone on Chinese communications giant Huawei, suggesting that he would allow the company to once again purchase US technology.

Speaking at a press conference in Osaka, Saturday, Trump said that the US sells a "tremendous amount of product" to Huawei. "That's okay, we will keep selling that product," said Trump.

"The (US) companies were not exactly happy that they couldn't sell." :lol

The US Commerce Department formally added Huawei to the list of companies the US government considers to be undermining US interest in May. (https://edition.cnn.com/2019/05/15/tech/trump-executive-order-telecom-security/index.html)

It effectively meant that companies would need to apply for a US export license to sell to Huawei, cutting off its primary supply chain.

https://edition.cnn.com/politics/live-news/g20-june-2019-intl-hnk/h_6f86ba7a80e65af7ce7ab2984e5058c7 (https://edition.cnn.com/politics/live-news/g20-june-2019-intl-hnk/h_6f86ba7a80e65af7ce7ab2984e5058c7)

As is usual with corrupt politicians abusing tariffs, corrupt Trash/Repugs are now in position to shakedown the US exporters for (dark money, of course) campaign contributions before granting export licenses.

[boutons_deux]

Japan and SK tariffs over disagreement of WWII stuff

[boutons_deux]

Trump Is Losing His Trade Wars

The pain is real, but the coercion isn’t.

Donald Trump’s declaration that “trade wars are good, and easy to win (https://www.nytimes.com/2018/03/02/business/trump-calls-trade-wars-good-and-easy-to-win.html?module=inline)” will surely go down in the history books as a classic utterance — but not in a good way.

Instead it will go alongside

Dick Cheney’s prediction, on the eve of the Iraq war, that “we will, in fact, be welcomed as liberators (http://www.nbcnews.com/id/3080244/ns/meet_the_press/t/transcript-sept/).”

That is, it will be used to illustrate the arrogance and ignorance that so often drives crucial policy decisions.

Trump isn’t winning his trade wars.

True, his tariffs have hurt China and other foreign economies. But they’ve hurt America too; economists at the

New York Fed estimate that the average household will end up paying more than $1,000 a year (https://libertystreeteconomics.newyorkfed.org/2019/05/new-china-tariffs-increase-costs-to-us-households.html?mod=article_inline) in higher prices.

there’s no hint that the tariffs are achieving Trump’s presumed goal,

it’s only a “trade war” if the goal of the tariffs is coercion —

imposing pain on other countries to force them to change their policies in our favor.

the pain is real, the coercion just isn’t happening.

why can’t Trump impose his economic will?

There are, I’d argue, three reasons.

First, belief that we can easily win trade wars reflects the same kind of solipsism that has so disastrously warped our Iran policy.

Second, Trump’s “tariff men (https://www.nytimes.com/2018/12/06/business/william-mckinley-trump-tariffs.html?module=inline)” are living in the past, out of touch with the realities of the modern economy.

Finally, Trump’s trade war is unpopular — in fact, it polls remarkably poorly (https://www.foxnews.com/politics/fox-news-poll-tariffs-hurt-economy-trump-has-gone-too-far-on-immigration) — and so is he.

leaves him politically vulnerable to foreign retaliation.

The light-truck tariffs America imposed in 1964 in an unsuccessful effort to force Europe to buy our frozen chickens are still in place (https://www.businessinsider.com/american-trucks-chicken-tax-explains-domination-2018-6), 55 years later.

Trump’s casual trashing of past trade agreements has

badly damaged American credibility, and

weakened the international rule of law.

McKinley offered what sounds like a direct response to — and rejection of — Trumpism, declaring that

“commercial wars are unprofitable,” and

calling for “good will and friendly trade relations.”

https://www.nytimes.com/2019/07/04/opinion/trump-trade-wars.html?action=click&amp;module=Opinion&amp;pgtype=Homep age

TRASH = LOSER

[Chris]

https://twitter.com/realDonaldTrump/status/1148573632869875712?s=19

[boutons_deux]

Why Trump Caved to China and Huawei

It is likely that Trump’s administration will withdraw its request that China extradite Meng Wanzhou.

In December, Trump said that if he thinks it is good for the United States, then he will intervene with the U.S. Justice Department to no longer pursue the extradition.

This statement—made to Reuters—

suggests that Trump is not committed to using family pressure against Huawei.

It suggests that Trump now realizes that he can try to twist Ren Zhengfei’s arm as tightly as possible, but

that Huawei and China are unlikely to blink. They have the upper hand.

https://www.laprogressive.com/huawei/ (https://www.laprogressive.com/huawei/)

[boutons_deux]

Wall Street banks bailing on troubled U.S. farm sector

JPMorgan grew its farm-loan portfolio by 76 percent, to $1.1 billion, between 2008 and 2015, according to year-end figures, as other Wall Street players piled into the sector.

Total U.S. farm debt is on track to rise to $427 billion this year,

up from an inflation-adjusted $317 billion a decade earlier and approaching levels seen in the 1980s farm crisis, according to the U.S. Department of Agriculture.

But now - after years of falling farm income and an intensifying U.S.-China trade war - JPMorgan and other Wall Street banks are heading for the exits,

according to a Reuters analysis of the farm-loan holdings they reported to the Federal Deposit Insurance Corporation (FDIC).

The agricultural loan portfolios of the nation’s top 30 banks fell by $3.9 billion, to $18.3 billion,

between their peak in December 2015 and March 2019, the analysis showed. That’s a 17.5% decline.

https://www.reuters.com/article/us-usa-farmers-lending-insight/wall-street-banks-bailing-on-troubled-u-s-farm-sector-idUSKCN1U618F?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29 (https://www.reuters.com/article/us-usa-farmers-lending-insight/wall-street-banks-bailing-on-troubled-u-s-farm-sector-idUSKCN1U618F?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29)

[Chris]

https://twitter.com/realDonaldTrump/status/1149661694735474688
https://twitter.com/realDonaldTrump/status/1149661698829234176

[Pavlov]

https://twitter.com/realDonaldTrump/status/1149661694735474688
https://twitter.com/realDonaldTrump/status/1149661698829234176Funny, you've completely shut the fuck up about the trade deficit.

Why?

[TSA]

https://twitter.com/realDonaldTrump/status/1149661694735474688
https://twitter.com/realDonaldTrump/status/1149661698829234176

China's June exports, imports fall as trade war takes heavier toll
https://mobile.reuters.com/article/amp/idUSKCN1U70X8?utm_campaign=trueAnthem%3A%2BTrendin g%2BContent&utm_content=5d2887f70ca7240001cb2b5e&utm_medium=trueAnthem&utm_source=twitter&__twitter_impression=true

[Chris]

China's June exports, imports fall as trade war takes heavier toll
https://mobile.reuters.com/article/amp/idUSKCN1U70X8?utm_campaign=trueAnthem%3A%2BTrendin g%2BContent&utm_content=5d2887f70ca7240001cb2b5e&utm_medium=trueAnthem&utm_source=twitter&__twitter_impression=true

"The trade war could be one of the factors but the bigger problem is actually China's domestic demand - this summer is weaker than last year."

[boutons_deux]

China ain't gonna blink. They know this century belongs to them, not USA.

Trash will cave, or get voted out, and the Dems have to cancel all trade war.

Trash is costing every USA family an avg of $1000/year with his fucking "easy to win" trade war.

[spurraider21]

Funny, you've completely shut the fuck up about the trade deficit.

Why?
hasn't gotten those marching orders in a while

[Pavlov]

China's June exports, imports fall as trade war takes heavier toll
https://mobile.reuters.com/article/amp/idUSKCN1U70X8?utm_campaign=trueAnthem%3A%2BTrendin g%2BContent&utm_content=5d2887f70ca7240001cb2b5e&utm_medium=trueAnthem&utm_source=twitter&__twitter_impression=true

Hope it makes up for this:

The U.S. trade deficit widened by more than forecast to a five-month high as imports surged the most since 2015, illustrating how President Donald Trump’s trade policies are weighing on the economy.

The gap increased 8.4% in May to $55.5 billion and April’s level was bigger than previously reported, Commerce Department data showed Wednesday. The median estimate of economists surveyed by Bloomberg called for a deficit of $54 billion. Imports jumped 3.3% and exports rose 2%, the most in a year, while the goods- trade gap with China widened to $30.1 billion.

https://www.bloomberg.com/news/articles/2019-07-03/u-s-trade-gap-widens-by-more-than-forecast-to-highest-in-2019

[boutons_deux]

...

[boutons_deux]

Tariffs on China Don’t Cover the Costs of Trump’s Trade War

President Trump on Monday portrayed America as being on the winning end of his trade war,

saying tariffs are punishing China’s economy while generating billions of dollars for the United States,

an economic victory that will allow him to continue his fight without domestic harm.

“We’ve taken in tens of billions of dollars in tariffs from China,” :lol goddamn, Trash and his supporoters are fucking stupid

government figures show that the revenue the

United States has collected from tariffs on $250 billion worth of Chinese goods

is not enough to cover the cost of the president’s bailout for farmers,

let alone compensate the many other industries hurt by trade tensions.

Mr. Trump’s tariffs on Chinese imports raised $20.8 billion through Wednesday, according to data from United States Customs and Border Protection.

Mr. Trump has already committed to paying American farmers hurt by the trade war $28 billion. :lol

https://www.nytimes.com/2019/07/15/business/trade-war-tariffs-revenue.html?emc=rss&partner=rss (https://www.nytimes.com/2019/07/15/business/trade-war-tariffs-revenue.html?emc=rss&partner=rss)

I have NO DOUBT that Trash will stiff the farmers.

Tariffs cost the avg American household $1000/year, eating the trivial savings for the oligarchy's tax scam.

[boutons_deux]

Trump’s policies created a record-setting trade deficit in 2018

A key aspect of Donald Trump’s “America First” policy is that a trade deficit represents a “rip off” of the US.

the results haven’t matched the rhetoric. :lol Trash was LYING

New data (https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services) out today showed a record-high US trade deficit in goods of $891 billion in 2018, Trump’s first full year in office.

It’s also a deficit more than $100 billion bigger than the high during Barack Obama’s term, in 2015.

The politically sensitive US trade deficit with China also hit a new high last year, of $419 billion.

Trump’s trade tariffs had cost American consumers $19.2 billion thus far (https://qz.com/1564566/trumps-trade-war-has-cost-the-us-at-least-19-billion/).

tax cuts passed boosted demand for imported goods among US consumers and businesses,

while weakening economies abroad pushed up the value of the dollar, making American exports less competitive. :lol as planned! :lol

https://qz.com/1566493/trumps-policies-created-record-setting-trade-deficit-in-2018/?utm_source=email&utm_medium=daily-brief (https://qz.com/1566493/trumps-policies-created-record-setting-trade-deficit-in-2018/?utm_source=email&utm_medium=daily-brief)

[boutons_deux]

Larger Farms Find Way to Get Around Limits on Trump Tariff Aid Package. (https://www.dailykos.com/stories/2019/7/15/1872036/-Larger-Farms-Find-Way-to-Get-Around-Limits-on-Trump-Tariff-Aid-Package)

the farmers with larger farms figured out how to get around those federal caps. (https://time.com/5619801/trump-farmers-aid-package-loopholes/)


About 83 percent of the aid under the Market Facilitation Program has gone to soybean farmers because they’ve suffered most under China’s retaliatory tariffs.

The program sets a $125,000 cap in each of three categories of commodities:

one for soybeans and other row crops,

one for pork and dairy, and

one for cherries and almonds.

But each qualified family member or business partner gets their own $125,000 cap for each category.

Farmers who produce both soybeans and hogs, for example, would have separate caps for each and could thus collect $250,000.


Guess what this loophole allows larger farmers to do?

You can have multiple “partners” claim compensation for the same farm. Same address.

At Peterson Farms in Loretto, Kentucky, eight members of the family partnership collected a total $863,560 for crops grown on over 15,000 acres, including wheat and corn used at the nearby Maker’s Mark bourbon distillery.

Co-owner Bernard Peterson said it didn’t make up for all their losses at a time when it was already hard to be profitable.

The $1.65 per bushel aid payments for soybeans fell well short of losses he estimated at $2 to $2.50 per bushel.


And Peterson isn’t even the worst offender, but you get the idea.

And it doesn’t even have to be family members, just partners.

https://www.dailykos.com/stories/2019/7/15/1872036/-Larger-Farms-Find-Way-to-Get-Around-Limits-on-Trump-Tariff-Aid-Package?detail=emaildkre

[boutons_deux]

Is it police work or racial profiling?

U.S. crackdown puts Chinese scholars on edge

https://ca-times.brightspotcdn.com/dims4/default/5fb3694/2147483647/strip/true/crop/4032x2268+0+0/resize/840x473!/quality/90/?url=https%3A%2F%2Fca-times.brightspotcdn.com%2Fdd%2F83%2F62f65f6a45488a d7731cb3b15ec6%2F20170427-134150.jpg


With three patents and more than 300 research papers to his name, Xiaoxing Xi was the respected chairman of Temple University’s physics department.

That is until May 2015, when FBI agents burst into his home outside Philadelphia with guns drawn and accused him of being a spy. He was hauled away in handcuffs in front of his wife and young daughters, fingerprinted and strip-searched. He also was threatened with 80 years in prison and a $1-million fine.

Four months later, federal prosecutors dropped the charges

after experts provided affidavits that the information Xi sent to scientists in China was widely known and publicly available on the internet. Federal authorities offered no apology, no explanation and no compensation — leaving Xi struggling to rebuild his shattered life.

Xi’s case, and several others like it, have sparked widespread fears that the

federal government’s recent crackdown on China

is leading to racial profiling of ethnic Chinese students and scholars.

https://www.latimes.com/california/story/2019-07-21/trump-china-racial-profiling-university-fbi-spy?utm_source=Today%27s+Headlines&utm_campaign=adc8dd8848-EMAIL_CAMPAIGN_2016_12_12_COPY_01&utm_medium=email&utm_term=0_b04355194f-adc8dd8848-80027601 (https://www.latimes.com/california/story/2019-07-21/trump-china-racial-profiling-university-fbi-spy?utm_source=Today%27s+Headlines&utm_campaign=adc8dd8848-EMAIL_CAMPAIGN_2016_12_12_COPY_01&utm_medium=email&utm_term=0_b04355194f-adc8dd8848-80027601)

[boutons_deux]

Chinese Investment in the U.S. Drops 90%

The steady flow of money that China once poured into the U.S. has shrunk 90 percent since President Trump took office,

showing how frosty relations have become between the two countries.

Some of the reasons, according to Alan Rappeport of the NYT (https://www.nytimes.com/2019/07/21/us/politics/china-investment-trade-war.html?dlbk=&module=inline):

• Tougher regulatory scrutiny by the U.S. government, including on national security grounds.
• Mr. Trump’s tariffs, which have scared off many businesses.
• Beijing’s limits on foreign investment, along with China’s slowing economy.
• China may also be turning off the investment spigot as retaliation for the tariffs.

it’s also hurting industries and states.

The real estate sector has tumbled as Chinese buyers evaporated.

And states like Michigan that have wooed Chinese investment to create new factories and jobs are feeling pinched.

https://www.nytimes.com/2019/07/22/business/dealbook/china-us-investment.html?emc=rss&partner=rss (https://www.nytimes.com/2019/07/22/business/dealbook/china-us-investment.html?emc=rss&partner=rss)

Trash "patriotically" screwing America to show what a tough guy he is, which costs him nothing personally.

[boutons_deux]

Trump says Apple won't get tariff relief for Mac Pro parts made in China


https://www.cnet.com/news/trump-says-apple-mac-pro-wont-be-excluded-from-china-tariffs/#ftag=CAD590a51e

[boutons_deux]

Trump tweets about retaliation against France's tax on tech giants

President Donald Trump has tweeted in response to a French law passed two weeks ago that will see American tech giants pay higher taxes (https://www.cnet.com/news/france-passes-tech-tax-despite-us-investigation/) in France.

Trump hinted that French wine could be the subject of a new tariff thanks to what he called French President Emmanuel Macron's "foolishness."

https://www.cnet.com/news/trump-tweets-about-retaliation-against-frances-tax-on-tech-giants/#ftag=CAD590a51e (https://www.cnet.com/news/trump-tweets-about-retaliation-against-frances-tax-on-tech-giants/#ftag=CAD590a51e)

[boutons_deux]

How Donald Trump is sanctioning the U.S. economy

Trump’s greatest success: The drying up of U.S. investment.

Data revisions released Friday wiped away what had been a prized talking point for the White House:

G.D.P. grew 2.5 percent for all of 2018, down from the 3 percent previously reported.

It also turns out that inflation accelerated in the second quarter, with consumer prices rising at a 2.3 percent rate.

We saw

increases in household consumption spending,

federal government spending, and

state and local government spending.

That was offset by reductions in exports, in business investment, and in residential investment.

In other words,

the basic supply-side dynamics of the American economy where businesses invest in improving the long-term productive capacity of the economy got worse.

It’s not entirely clear why.

To me, it’s pretty clear: Trump has unwittingly sanctioned the U.S. economy.

economic sanctions (https://www.cnas.org/publications/reports/the-new-tools-of-economic-warfare-effects-and-effectiveness-of-contemporary-u-s-financial-sanctions), the key pathway through which they affect a target’s economy is by scaring away both domestic and foreign investment

Investment is a bet on the future of an economy.

Sanctions inject major uncertainty into any economic forecast.

If the sanctions endure, then the investment gets delayed further.

Trump, in starting trade war after trade war,

has made himself the uncertainty engine for those interested in investing in the United States.

In the second quarter, business investment was -0.6 percent (https://twitter.com/byHeatherLong/status/1154731811232202752). As in, negative.

part of the problem is the drying up of foreign direct investment:

two teeny weeny little problems.

First, for Trump, the damage has already been done.

Second, for this strategy to work, Trump has to display some degree of impulse control — and he can’t, he just can’t.

Trump might be the victim of some bad economic timing (https://www.politico.com/newsletters/morning-money/2019/06/24/trump-bad-economic-timing-449875).

The perpetrator of this political crime? That would be one Donald J. Trump.

https://www.washingtonpost.com/outlook/2019/07/29/how-donald-trump-is-sanctioning-us-economy/?noredirect=on&utm_campaign=Special-Briefing_2019-08-02&utm_medium=email&utm_source=Sailthru&utm_term=.a373412fd1c3

[boutons_deux]

Nearly 100 percent of Trump funds designed to help farmers went to white farmers

based on newly acquired data on federal subsidies from the U.S. Department of Agriculture,

his administration may not have been thinking of all farmers —

mostly just the rich, white ones.

the Trump administration funneled 99.5 percent of funds from its approximately year-old Market Facilitation Program,

the largest current source of federal farm subsidies,

to white farm operators.

the distribution of funds still reveals disparities between white and black farmers in certain regions.

In Mississippi, :lol duh for instance,

where 38 percent of the state’s population is black,

about 14 percent of farms have a black principal operator,

only 1.4 percent of the $200 million in MFP funds distributed to farmers in the Magnolia state went to black operators.

...

https://grist.org/article/trump-trade-war-usda-farmer-subsidy-race-disparity/ (https://grist.org/article/trump-trade-war-usda-farmer-subsidy-race-disparity/)

=========================

The Real Story of Racism at the USDA

The USDA's real race problem is its

history of discrimination against African-American, Native American and other minority farmers

who were pushed off their land.

https://www.thenation.com/article/real-story-racism-usda/ (https://www.thenation.com/article/real-story-racism-usda/)

[boutons_deux]

China lets yuan break key 7 level for first time in decade as trade war worsens

in a sign Beijing might be willing to tolerate more currency weakness that could further inflame a trade conflict with the United States.

The sharp 1.4% drop in the yuan comes days after

U.S. President Donald Trump stunned financial markets by vowing to impose 10% tariffs on the remaining $300 billion of Chinese imports from Sept. 1,

the yuan move could unleash a dangerous new front in the trade hostilities - a currency war.

https://www.reuters.com/article/us-china-markets/china-lets-yuan-slump-past-7-per-dollar-for-first-time-in-over-decade-as-trade-war-escalates-idUSKCN1UV061 (https://www.reuters.com/article/us-china-markets/china-lets-yuan-slump-past-7-per-dollar-for-first-time-in-over-decade-as-trade-war-escalates-idUSKCN1UV061)

Trash fucking up everything, blowing up the economy, just what you Trash fellators voted for, right?

[Winehole23]

DJIA dropped 800 points on the news of Yuan devaulation and the rumor Chinese companies would cease US agriculture purchases.

We'll see how Mr Market reacts to the news tomorrow.

https://www.cnbc.com/amp/2019/08/05/china-confirms-it-is-suspending-agricultural-product-purchases-in-response-to-trumps-new-tariffs.html

[Thread]

DJIA dropped 800 points on the news of Yuan devaulation and the rumor Chinese companies would cease US agriculture purchases.

We'll see how Mr Market reacts to the news tomorrow.

https://www.cnbc.com/amp/2019/08/05/china-confirms-it-is-suspending-agricultural-product-purchases-in-response-to-trumps-new-tariffs.html

Fine. In the meantime can you please uncross your fingers & toes. That's how I ended up with a white shooter instead of a non white shooter, not once, but, twice!

[boutons_deux]

Trump vows to help farmers as

China halts U.S. agricultural purchases

to provide further aid if needed,:lol

“Our great American Farmers know that China will not be able to hurt them

in that their President has stood with them :lol

and done what no other president would do :lol-

And I’ll do it again next year if necessary!” :lol

Trump tweeted

https://www.reuters.com/article/us-usa-trade-china-trump/trump-vows-to-help-farmers-as-china-halts-u-s-agricultural-purchases-idUSKCN1UW1B9?feedType=RSS&feedName=politicsNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FPoliticsNews+%28Reu ters+Politics+News%29 (https://www.reuters.com/article/us-usa-trade-china-trump/trump-vows-to-help-farmers-as-china-halts-u-s-agricultural-purchases-idUSKCN1UW1B9?feedType=RSS&feedName=politicsNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FPoliticsNews+%28Reu ters+Politics+News%29)

[boutons_deux]

LEFT BEHIND

Farmers fight to save their land in rural Minnesota as trade war intensifies

https://mail.google.com/mail/u/0?ui=2&ik=c5ffe9fe07&attid=0.1&permmsgid=msg-a:r379719079978385424&th=16c699e948061509&view=fimg&sz=s0-l75-ft&attbid=ANGjdJ-tIxv_H8aBT__z7a77QNvrDQJQ4_1XTocIansEF_gVnJnnT5lyH n3ochTPJhiPcLh2XbccrCJd491JRBoKGKGLsvnnb7DId-VPvQtwCKifaNIypSg64YMEIUA&disp=emb&realattid=ii_jz0jzv9d0

https://www.washingtonpost.com/graphics/2019/national/farm-bankruptcies-rise-as-trumps-trade-war-grinds-on/?noredirect=on (https://www.washingtonpost.com/graphics/2019/national/farm-bankruptcies-rise-as-trumps-trade-war-grinds-on/?noredirect=on)

[boutons_deux]

WALL STREET FEARS TRUMP MAY BE TOO DUMB TO END TRADE WAR BEFORE 2020

In a note to clients sent Monday, Goldman Sachs warned (https://www.cnn.com/2019/08/06/business/goldman-sachs-trade-war-2020-election/index.html) that a trade deal—

the one the president lied (https://www.vanityfair.com/news/2018/12/trump-admits-his-incredible-deal-with-china-is-bullshit) about having struck last December—

may not get done until after the 2020 election.

That means that the additional tariffs Trump has threatened (https://www.cnn.com/2019/08/01/economy/new-china-tariffs-threat-trump/index.html) to impose on popular consumer goods like iPhones, beginning September 1, could be in place for an awfully long time.

“While we had previously assumed that President Trump would see making a deal as more advantageous to his 2020 re-election prospects,” the bank’s chief economist wrote in the report,

“we are now less confident that this is his view.”

Ed Yardeni, president of investment advisory Yardeni Research, echoed that fear in an interview with CNN Business, saying that

“Trump perceives the U.S. economy is strong enough to withstand even 25% tariffs across-the-board on everything we import from China.”

Jerome Powell’s rationale for last week (https://www.vanityfair.com/news/2019/07/federal-reserve-interest-rates-donald-trump)’s quarter-point cut was to safeguard against “downside risks” like

a shitty businessman in the White House whose policies are hurting an otherwise strong economy.

experts say it might not be enough to stop a recession of the president’s own making.

“Recession odds probably go over even,” Mark Zandi, chief economist at Moody’s Analytics said (https://www.vanityfair.com/news/2019/08/donald-trump-new-china-tariffs) last week, “and I think

it would be pretty hard to avoid a downturn, regardless of what the Fed does.”

Yellen told (https://www.vanityfair.com/news/2019/02/janet-yellen-donald-trump-interview) Marketplace that it was clear Trump has no understanding of

macroeconomics,
international trade,
business, or
the very purpose of the Federal Reserve, and

... remarked that his “comments about Chair Powell and about the Fed” concerned her.

https://www.vanityfair.com/news/2019/08/donald-trump-trade-war-2020?utm_source=nl&utm_brand=pol&utm_campaign=aud-dev&utm_mailing=Thematic_Ballot_08072019&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&utm_term=Thematic_Ballot_Subscribers (https://www.vanityfair.com/news/2019/08/donald-trump-trade-war-2020?utm_source=nl&utm_brand=pol&utm_campaign=aud-dev&utm_mailing=Thematic_Ballot_08072019&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&utm_term=Thematic_Ballot_Subscribers)

[Thread]

WALL STREET FEARS TRUMP MAY BE TOO DUMB TO END TRADE WAR BEFORE 2020

In a note to clients sent Monday, Goldman Sachs warned (https://www.cnn.com/2019/08/06/business/goldman-sachs-trade-war-2020-election/index.html) that a trade deal—

the one the president lied (https://www.vanityfair.com/news/2018/12/trump-admits-his-incredible-deal-with-china-is-bullshit) about having struck last December—

may not get done until after the 2020 election.

That means that the additional tariffs Trump has threatened (https://www.cnn.com/2019/08/01/economy/new-china-tariffs-threat-trump/index.html) to impose on popular consumer goods like iPhones, beginning September 1, could be in place for an awfully long time.

“While we had previously assumed that President Trump would see making a deal as more advantageous to his 2020 re-election prospects,” the bank’s chief economist wrote in the report,

“we are now less confident that this is his view.”

Ed Yardeni, president of investment advisory Yardeni Research, echoed that fear in an interview with CNN Business, saying that

“Trump perceives the U.S. economy is strong enough to withstand even 25% tariffs across-the-board on everything we import from China.”

Jerome Powell’s rationale for last week (https://www.vanityfair.com/news/2019/07/federal-reserve-interest-rates-donald-trump)’s quarter-point cut was to safeguard against “downside risks” like

a shitty businessman in the White House whose policies are hurting an otherwise strong economy.

experts say it might not be enough to stop a recession of the president’s own making.

“Recession odds probably go over even,” Mark Zandi, chief economist at Moody’s Analytics said (https://www.vanityfair.com/news/2019/08/donald-trump-new-china-tariffs) last week, “and I think

it would be pretty hard to avoid a downturn, regardless of what the Fed does.”

Yellen told (https://www.vanityfair.com/news/2019/02/janet-yellen-donald-trump-interview) Marketplace that it was clear Trump has no understanding of

macroeconomics,
international trade,
business, or
the very purpose of the Federal Reserve, and

... remarked that his “comments about Chair Powell and about the Fed” concerned her.

https://www.vanityfair.com/news/2019/08/donald-trump-trade-war-2020?utm_source=nl&utm_brand=pol&utm_campaign=aud-dev&utm_mailing=Thematic_Ballot_08072019&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&utm_term=Thematic_Ballot_Subscribers (https://www.vanityfair.com/news/2019/08/donald-trump-trade-war-2020?utm_source=nl&utm_brand=pol&utm_campaign=aud-dev&utm_mailing=Thematic_Ballot_08072019&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&utm_term=Thematic_Ballot_Subscribers)



[[[Trump has no understanding of]]]

​But, he does understand we've been getting our teeth kicked in for decades. At least now we're not alone.

[boutons_deux]

Farm Discontent Spills Over as Ag Secretary Is Confronted in Minnesota

Farmers’ discontent over President Donald Trump’s escalating trade war with China erupted into the open Wednesday as his agriculture secretary was confronted at a fair in rural Minnesota.

president of the Minnesota Farmers Union,

drew applause as he leveled criticism of the administration’s trade policy

at a forum with Agriculture Secretary Sonny Perdue in front of thousands of farmers

Trump’s “go-it-alone approach” and the trade dispute’s “devastating damage not only to rural communities.”

the assistance is already being pilloried “as a welfare program, as bailouts.”

president of the Minnesota Corn Growers Association, complained about Trump statements that farmers are doing “great” again.

“We are not starting to do great again,” he said. “We are starting to go down very quickly.”

American producers are in danger of long-term losses in market share in China, the world’s largest importer of soybeans.

Perdue told reporters afterward that ”the ball is in China’s court” on the trade dispute and no additional trade assistance is currently planned for farmers

U.S. farm income dropped 16% last year to $63 billion, about half the level it was as recently as 2013.

U.S. Agricultural exports to China dropped by more than half in 2018 after the trade war began,

falling from $19.5 billion in 2017 to $9.2 billion in 2018.

China announced it was halting U.S. agriculture imports.

the import cut-off “a body blow to thousands of farmers and ranchers who are already struggling to get by.”

Trump’s “strategy of constant escalation and antagonism” has “just made things worse.”

Trump’s overwhelming support in rural America was crucial to his narrow 2016 election victory :lol

In June, 54% of rural voters approved of Trump’s job performance :lol

compared with a national approval rating of 42%,

https://www.bloomberg.com/news/articles/2019-08-07/farm-discontent-bubbles-over-as-perdue-confronted-in-minnesota (https://www.bloomberg.com/news/articles/2019-08-07/farm-discontent-bubbles-over-as-perdue-confronted-in-minnesota)

[boutons_deux]

“Stealing Intellectual Property” is Fake News

The claim that the Chinese are stealing our intellectual property—chiefly production technologies—is largely bogus

Trump uses the fake news of “intellectual property theft” to justify his tariff war on China.

He boasts that he is going to stop the Chinese stealing that victimizes Americans.

The claim that the Chinese are stealing our intellectual property – chiefly production technologies - is largely bogus.

All economic development across the millennia has included the dissemination of new technologies from those who have them to those who want them.

The dissemination works via buying and selling products, copying production processes and products, sharing production facilities, exchanging access to resources and markets for access to technology,

and yes, no doubt, some downright stealing too.

Disseminators include workers and bosses, merchants and manufacturers, students and professors, journalists and politicians, and just plain travelers.

Demagogues, especially the nationalist variety, try to make political capital out of recycling stories of awful “foreigners stealing” our technologies.

It allows them profitably to pretend that they can “protect the nation and its economy.”

Dissemination happens, one way or the other, and

never more easily than now with the global internet, world trade, and jet travel.

The fakery of proclaiming against it has never been more glaring.

https://www.commondreams.org/views/2018/09/19/stealing-intellectual-property-fake-news (https://www.commondreams.org/views/2018/09/19/stealing-intellectual-property-fake-news)

[boutons_deux]

China Signals It Will Continue to Weaken Its Currency as Trade War Rages

China signaled on Thursday that it might continue to weaken its currency, a move that threatens to again escalate the trade war with the United States.

China’s central bank set the midpoint of the renminbi’s daily trading range above 7 to the American dollar for the first time in more than a decade.

Thursday’s move in effect tells financial markets that Beijing expects the renminbi to continue to weaken versus the dollar, perhaps well past the 7-to-the-dollar level.

That is likely to provoke more ire from the Trump administration. :lol

A weaker currency helps Chinese factories offset the higher costs of Mr. Trump’s tariffs when selling their goods to the United States.

https://www.nytimes.com/2019/08/07/business/china-currency-yuan-renminbi.html?emc=rss&partner=rss (https://www.nytimes.com/2019/08/07/business/china-currency-yuan-renminbi.html?emc=rss&partner=rss)

"Trade wars are EASY to win" :lol