Steel and aluminum tariffs...

[boutons_deux]

Will Pootin reward his orange puppet with that Trash Hotel in Moscow?


Trump's currency war and the end of the American-led global trading system


America wants China to open its markets to fair competition from American companies,

accept American rules about intellectual property, and

stop engaging in piracy and requiring technology transfer.

China wants not to do these things, :lol

but to continue on the path that has both enriched the Chinese people and strengthened the Chinese state.


What if the objective was always less to get China to liberalize, as we say officially it is, and

more to disentangle America from China permanently, the better to contain China's rise and "beat" it economically?

But is it even possible to disentangle from China without shredding the existing system of international trade?

it would be impossible to bring America's trade into long-term balance without giving up the dollar's status as global reserve currency.

As in so many areas, there's a choice to be made between balance and dominance. You can have one or the other, but not both.


China is too large and important to the world economy to be contained, and

the other participants in the global trading system have too diverse interests to form a united front

even if America were led by someone more globally congenial.

ironic if the advocates of Making America Great Again were

the ones to finally bring about the end of the America-led trading system. :lol Vlad would love that! :lol

https://theweek.com/articles/857657/trumps-currency-war-end-americanled-global-trading-system

[boutons_deux]

Look to the Solar Industry for Answers About the Trade War’s Impact

https://assets.greentechmedia.com/assets/content/cache/made/assets/content/cache/remote/https_assets.greentechmedia.com/content/images/articles/US_China_Trade_War_Tension_XL_721_420_80_s_c1.jpg

The long-running solar trade wars hold painful but important lessons for this fraught moment in geopolitics

the rise of the Chinese solar PV manufacturing industry in the 2000s changed the global solar PV supply landscape: The market share of U.S.-made solar panels decreased significantly as Chinese brands rose to prominence.

What followed was seven years of solar trade wars.



In 2012, the U.S. Department of Commerce imposed the first round of antidumping and countervailing duties (AD/CVD) on imported solar panels from China.
In 2014, further tariffs (https://www.greentechmedia.com/articles/read/solarworld-wins-again-big-anti-dumping-tariffs-in-us-china-solar-panel-tra#gs.uep5j2) were imposed on Chinese manufacturers, and new tariffs were imposed on Taiwanese solar cell manufacturers as they were seen as a back door for Chinese manufacturers to circumvent the 2012 tariffs.
In January 2018, soon after President Trump took office, he imposed a 30 percent tariff (https://www.greentechmedia.com/articles/read/breaking-trump-admin-issues-a-30-solar-tariff#gs.ueww4i) with a four-year stepdown on solar panel imports from China under Section 201 of the Trade Act of 1974.


Three lessons



Tariffs raise prices on U.S. consumers.

Tariffs not only increase the purchase prices of goods, but they also create a supply shortage, which can further drive up prices



Tariffs are effective in delivering the original promise: hurting the target country’s exports.

With tariffs in place, Chinese and Taiwanese solar panel makers found it uneconomical to sell directly to the U.S.



trade wars are like a game of tug-of-war — tariffs invite more tariffs.

Shortly after the U.S. imposed the first round of AD/CVD tariffs, the Chinese retaliated by imposing tariffs on U.S.-made polysilicon (https://www.greentechmedia.com/articles/read/china-retaliates-in-solar-trade-war#gs.ueussy), a key feedstock for solar panel manufacturing.

Trade wars are costly, for both the countries that initiate them and the target countries.

Consumers are often left to pay the bill;

companies will have to engage with unintended strategic pivots to stay afloat;

industries will be caught in the crossfire and could lose a sizable chunk of the market.

Worse, they could lose competitive advantages in certain markets altogether in just a few years' time.
Trade wars vividly illustrate the interdependent nature of the modern global economy.

A zero-sum mindset results in a lose-lose situation.

https://www.greentechmedia.com/articles/read/look-to-the-solar-industry-for-answers-about-trade-wars-impact?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+GreentechMedia+%28Greentech+M edia%29#gs.v1d7fq

[boutons_deux]

A great opportunity for American pig factories, but Trash has provoked China into not buying any US ag products

A Vicious Disease Is Wiping Out China’s Pig Population

It’s estimated that African swine fever could kill half of China’s pigs by the end of 2019

https://mail.google.com/mail/u/0?ui=2&ik=c5ffe9fe07&attid=0.1&permmsgid=msg-a:r2105362486852498984&th=16c77189551e1113&view=fimg&sz=s0-l75-ft&attbid=ANGjdJ9hx_829KCMuFQoGAQoxeM49K3bn72Zi5AcAXN x7XfeX16bDY3VBadZO1zK9vl0nSGnt1LzZZCxx6OyB5ssJiPuM JXOfEACH9b4nypNGEduSR-Ke4uha0bts3Y&disp=emb&realattid=ii_jz4alzq10

https://onezero.medium.com/a-vicious-disease-is-decimating-chinas-pig-population-and-could-change-how-the-world-eats-bf740263d690 (https://onezero.medium.com/a-vicious-disease-is-decimating-chinas-pig-population-and-could-change-how-the-world-eats-bf740263d690)

I'm with Jules Winnfield, I don't that shit

[boutons_deux]

Fears rise that Trump’s trade war is leading to recession

Goldman Sachs Group Inc said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that

Goldman no longer expects a trade deal between the world’s two largest economies before the 2020 U.S. presidential election.

“We expect tariffs targeting the remaining $300bn of US imports from China to go into effect,”

Goldman Sachs said it lowered its fourth-quarter U.S. growth forecast by 20 basis points to 1.8% on a larger than expected impact from the developments in the trade tensions.

“Overall, we have increased our estimate of the growth impact of the trade war,”

Rising input costs from the supply chain disruption could lead U.S. companies to reduce their domestic activity,

Such “policy uncertainty” may also make companies lower their capex spending,

https://www.politicususa.com/2019/08/11/fears-rise-that-trumps-trade-war-is-leading-to-recession.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29 (https://www.politicususa.com/2019/08/11/fears-rise-that-trumps-trade-war-is-leading-to-recession.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29)

"Heckuva job, Trashie"

[boutons_deux]

Farmers Lash Out At Trump After Latest Trade War Blow From China

“Trump is ruining our markets,” said a North Dakota farmer. Another criticized the president’s “constant escalation and antagonism.”

American farmers are attacking President Donald Trump (https://www.huffpost.com/news/topic/donald-trump) in the wake of a new hit from China (https://www.huffpost.com/topic/china), which comes as part of the lingering trade war between the countries.

Trump’s “strategy of constant escalation and antagonism” has worsened the situation,

Family farmers and ranchers “can’t withstand this kind of pressure much longer,”

“It’s really, really getting bad out here,”

“Trump is ruining our markets.”

China canceled all purchases of U.S. agricultural products last weekend.

China’s move is a “body blow to thousands of farmers and ranchers who are already struggling to get by,”

American agricultural exports to China dropped by half last year due to Trump’s trade war, and

farm income fell 16%, Time reports (https://time.com/5646774/minnesota-farmers-agriculture-secretary-trade-war/).

And over the last five years,

net farm income has plunged by nearly half (https://www.washingtonpost.com/graphics/2019/national/farm-bankruptcies-rise-as-trumps-trade-war-grinds-on/),

from $123.4 billion in 2013 to $63 billion last year.

https://www.huffpost.com/entry/farmers-trump-trade-war-china-sonny-perdu_n_5d50b653e4b0820e0af74aef?fbclid=IwAR3S_707 ftcDd1Fxn07JqwY3QCpx1H7OHM997xPh59k1LTAHAnKbyoJSQB 0 (https://www.huffpost.com/entry/farmers-trump-trade-war-china-sonny-perdu_n_5d50b653e4b0820e0af74aef?fbclid=IwAR3S_707 ftcDd1Fxn07JqwY3QCpx1H7OHM997xPh59k1LTAHAnKbyoJSQB 0)

My guess is Trash won't do $300B more in tarifs 1 Sep.

[boutons_deux]

Recession warning signs are ‘flashing bright red’ — and Trump could make it worse: Moody’s economist

Moody’s chief economist Mark Zandi told CNN’s Erin Burnett that he is gravely worried about the risk of recession amid ongoing trade fears, massive deficit spending, and uncertainty.

“Given the massive tax cuts that the president put in place last year, and

given the large increases in government spending that policymakers agreed to just a few weeks ago,

this trillion-dollar deficit that we’re going to get this year,

it’s on track for a trillion dollars this fiscal year,

is as small as it is going to be for many, many years to come.”

if he follows through on his threats,

slaps more tariffs on Chinese goods,

the total amount of tariffs that people will pay in the coming year come in close to $100 billion.

$100 billion, just for context, is about a half a percent of GDP.

It’s about half the size of the tax cut last year. It’s sizable.

With an economy starting to struggle, that could do a lot of damage.”

“I think if the president follows through on his threats,

I think the odds of a recession are better than even,” added Zandi.

“We talked about the tariffs and the higher tax increase that would be.

The real damage would come because of the uncertainty created by the tariffs.

Are the tariffs 10 percent? 25 percent?

This is going to do a lot of damage.”

https://www.rawstory.com/2019/08/recession-warning-signs-are-flashing-bright-red-and-trump-could-make-it-worse-moodys-economist/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2019/08/recession-warning-signs-are-flashing-bright-red-and-trump-could-make-it-worse-moodys-economist/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)

[boutons_deux]

businesses LOVE stability :lol

Trump Blinks on Tech Tariffs,

Apple Stock Soars (Update)

The USTR issued a pause on pricier tech

https://www.tomsguide.com/news/ustr-delays-trump-china-tariffs?utm_source=tg-newsletter&utm_medium=email&utm_campaign=20190813-tg (https://www.tomsguide.com/news/ustr-delays-trump-china-tariffs?utm_source=tg-newsletter&utm_medium=email&utm_campaign=20190813-tg)


Anybody wanna guess that Trash/mafiya passed insider info to contributors to buy Apple stock yesterday?

[Thread]

businesses LOVE stability :lol

Trump Blinks on Tech Tariffs,

Apple Stock Soars (Update)

The USTR issued a pause on pricier tech

https://www.tomsguide.com/news/ustr-delays-trump-china-tariffs?utm_source=tg-newsletter&utm_medium=email&utm_campaign=20190813-tg (https://www.tomsguide.com/news/ustr-delays-trump-china-tariffs?utm_source=tg-newsletter&utm_medium=email&utm_campaign=20190813-tg)


Anybody wanna guess that Trash/mafiya passed insider info to contributors to buy Apple stock yesterday?




He's hunting way(s) to forego the regularly scheduled recession.

Bully, bully for him.

[Pavlov]

:lol Trump folds

Did anyone expect anything different?

Really?

[boutons_deux]

Wall Street panicking: There’s a 1-in-3 chance of a recession by 2020 thanks to Trump’s trade meddling

Monday’s 400-point Dow slide (https://www.thestreet.com/markets/stocks-fall-sparked-as-trade-war-concerns-spark-global-recession-fears-15053092) was far from the worst single day stock market performance under President Donald Trump.

But it represents a lasting and growing fear on Wall Street that the massive, uninterrupted stretch of economic growth over the past decade could finally be drawing to a close.

economists at large institutions are increasingly worried that a recession will hit before the 2020 presidential election — and

they put the blame squarely on Trump’s trade policies.

“We now have a number of early indicators starting to signal heightened risk of recession.

Our official model has the probability of a recession over the next 12 months only pegged at about 20 percent,

but our subjective call based on the slew of data and events leads us to believe it is closer to a 1-in-3 chance.”

economists at Goldman Sachs, led by Jan Hatzius, said on no uncertain terms that the real problem is the trade war.

“We expect tariffs targeting the remaining $300 billion of U.S. imports from China to go into effect and

no longer expect a trade deal before the 2020 election.”

https://www.rawstory.com/2019/08/wall-street-panicking-theres-a-1-in-3-chance-of-a-recession-by-2020-thanks-to-trumps-trade-meddling/?utm_source=&utm_medium=email&utm_campaign=1113 (https://www.rawstory.com/2019/08/wall-street-panicking-theres-a-1-in-3-chance-of-a-recession-by-2020-thanks-to-trumps-trade-meddling/?utm_source=&utm_medium=email&utm_campaign=1113)

[boutons_deux]

Trump is driving us toward a big recession: It will be ghastly — but is it deliberate?

I have a theory that Trump and his cronies may be manipulating and shorting the markets,

reaping vast profits off the declines.

Every time Trump tweets or blurts new tariff threats or economic bellicosity aimed at China, the market takes a dump.

As we all know, Trump hasn’t divested from his business interests.

We also know that

Trump has manipulated the markets before,

based on a massive investigation in the New York Times (https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html) indicating that Trump engaged in a scheme with his dad, Fred Trump, known as “greenmailing.”


During the 1980s, Donald Trump became notorious for leaking word that he was taking positions in stocks, hinting of a possible takeover, and

then either selling on the run-up or trying to extract lucrative concessions from the target company to make him go away.

It was a form of stock manipulation with an unsavory label: “greenmailing.” The Times unearthed evidence that Mr. Trump enlisted his father as his greenmailing wingman.


Seriously, ask around. Even some of his supporters have to concede that

Trump is entirely capable of exploiting the bully pulpit to enrich his family fortune, not to mention the fortunes of his buddies.

If he wasn’t interested in all that, he would have divested from his business. He didn’t.

Now his tweets move the entire market up or down on a predictable and routine basis, making Wall Street ripe for exploitation.
For example:

Just before he tweets something incendiary about China,

it’s entirely possible he gives his boys a subtle heads up,

triggering brokers to swing into action,

betting against the market with short positions on whatever could take the most damage from his trade-war posturing.

Not only does it drive down those stock prices,

but the entire market, including your retirement savings, takes a colossal hit.

it’s unlikely he’d reveal any breadcrumbs in those disclosure forms, and

it’s possible that his manipulations and short sales are made through trusted third parties.

A serious investigation by the FTC :lol

or the House of Representatives might be in order, especially given that

Trump could be betting against the American economy.

Why else would he so gratuitously destabilize the markets with his trade war?
Bottom line:

Trump’s tweets and pronouncements do, in fact, trigger market movement.

The open questions are: Is it intentional, and does he profit from it?

https://www.rawstory.com/2019/08/trump-is-driving-us-toward-a-big-recession-it-will-be-ghastly-but-is-it-deliberate/?utm_source=&utm_medium=email&utm_campaign=1113 (https://www.rawstory.com/2019/08/trump-is-driving-us-toward-a-big-recession-it-will-be-ghastly-but-is-it-deliberate/?utm_source=&utm_medium=email&utm_campaign=1113)

[boutons_deux]

Trump’s War on China Catches Silicon Valley’s Chinese Community in the Crossfire

Silicon Valley is increasingly uncomfortable for Chinese immigrants and Chinese Americans. That’s a problem for the United States.

She considers herself both an immigrant and a Chinese American. And like many Chinese tech workers caught in the crossfire of geopolitical tensions, she is not particularly enthusiastic about talking to a reporter.

But she makes no attempt to hide her exasperation at the current state of affairs.

“I feel angry at the whole situation,” she says

In July 2018, Politico reported that President Trump declared to a group of business leaders in the White House that

“almost every student that comes over to this country [from China] is a spy,” and

in mid-July 2019, Peter Thiel, the Silicon Valley investor and entrepreneur, gave a speech asking whether

“Google’s senior management” had been “infiltrated by Chinese intelligence.”

Thiel’s accusation of treason was promptly tweeted by President Trump.

The wide net cast by hostile trade war rhetoric catches everyone with a connection to China, whether they’ve been in the U.S. for generations or arrived in Menlo Park on an H1B visa last year.

President Trump’s singularly erratic approach to policy implementation

is a nightmare for individuals who just want to know what the rules are. For engineers who want to build things, the whole mess is extraordinarily frustrating.

Other Silicon Valley veterans insist there couldn’t be a worse way to handle it.

They believe Trump’s trade war is threatening to smash one of the United States’ crown jewels,

an innovation hub that has

benefited tremendously from Chinese technical talent and

China-based manufacturing facilities.

“It is crazy. Cutting off ties, both academically and in the supply chains, is about

the worst thing you could do to Silicon Valley.”

Ever since the relaxation of American immigration laws in the 1960s,

the brightest minds in technology have been moving here from around the world.

“You look at Google, Facebook, Intel, whatever,” says Gee.

“In most companies, engineering is 40 to 50% Asian, and half that is Chinese.”

Immigrants make up 69% of the Valley’s “highly technical workers.”

A full 38% of the Valley, which includes four different counties, encompassing nearly 2,000 square miles and 3.1 million people, is foreign-born.

“Ninety percent of technology, 90% of innovation,” says Gee, “is just the little tweaks, the incremental fixes that solve the little problems that make things work a little bit faster, or make things a little bit smaller.

That’s 90% of the progress.

If we don’t have those Chinese engineers here working on those tweaks, we are just speeding up the rate that China is going to catch us.”

“If they want China to catch up with the U.S., this is the biggest thing they can do.”

https://onezero.medium.com/i-feel-angry-trump-s-war-on-china-catches-silicon-valley-s-chinese-community-in-the-crossfire-257fff6fd2c

Blue California, and progressive Silicon Valley DETEST Trash, because they are high-wage, high-ed, so he plans to hurt them for his personal political vengeance, no matter what the massive collateral damage is.

[boutons_deux]

EVERYONE IN THE WHITE HOUSE THINKS TRUMP’S TRADE WAR SUCKS

Other than the president and his deranged mail order economist Peter Navarro.

Like an overgrown child who’s never taken responsibility for

his innumerable failures when it comes to
casinos (https://www.vanityfair.com/news/2019/01/trump-is-turning-america-into-another-bankrupt-casino),
steaks (https://thinkprogress.org/a-definitive-history-of-trump-steaks-e0e6fc31b689/),
airlines (https://www.businessinsider.com/donald-trump-airline-shuttle-transportation-pan-am-eastern-new-york-2019-1),
magazines (https://www.politico.com/magazine/story/2016/08/donald-trump-magazine-employee-confessional-bankrupt-2016-214155),
marriages (https://www.vanityfair.com/news/2019/06/marla-maple-prenup-donald-trump-marriage),
child (https://www.vanityfair.com/news/2019/04/mueller-report-confirms-don-jr-too-stupid-to-collude-with-russia)-rearing (https://www.vanityfair.com/news/2019/07/ivanka-trump-g20-clip), and
the website GoTrump.com (https://time.com/4343030/donald-trump-failures/),

Donald Trump was never going to acknowledge his role in harming the U.S. economy via a self-defeating trade war

he’s selected Fed chairman Jerome Powell as his fall guy,

“Our problem is with the Fed,“

“Raised too much & too fast.

Now too slow to cut.

Spread is way too much as other countries say

THANK YOU to clueless Jay Powell and the Federal Reserve.…

We should easily be reaping big Rewards & Gains, but the Fed is holding us back.” the consensus in the White House is that it’s not Powell who’s holding us back but

the big orange elephant in the room—

the same one whose

business acumen resulted in him once losing (https://www.vanityfair.com/news/2019/05/donald-trump-new-york-times-losses) “more money than nearly any other individual American taxpayer,”

and who somehow

still doesn’t know how tariffs work. :lol
“the overriding belief in the White House is that the rate hikes”—which haven’t occurred since (https://www.cnbc.com/2018/12/19/fed-hikes-rates-by-a-quarter-point-.html) December 2018—

“are not the main source of the problem.”

Instead, two senior administration officials say,

“it is Trump’s trade war and tariffs against China that began more than a year and a half ago holding back growth.”
(https://www.vanityfair.com/news/2019/08/donald-trump-trade-war-white-house-detractors)
https://www.vanityfair.com/news/2019/08/donald-trump-trade-war-white-house-detractors (https://www.vanityfair.com/news/2019/08/donald-trump-trade-war-white-house-detractors)

[boutons_deux]

Federal Reserve undercuts Trump with data showing manufacturers and consumers are hardest hit by his tariffs

manufacturers are admitting that tariffs instituted by President Donald Trump are

cutting into their bottom lines (https://www.bloomberg.com/news/articles/2019-08-16/fed-survey-finds-tariffs-pushing-up-prices-pinching-profits) and some of the

costs are being passed along to consumers in the form of increased pricing.

new questions about costs and tariffs and the results paint a damning portrait of

the damaging effect on companies affected by the president’s trade war with China among other countries.

“…showed a clear increase in the number of respondents who reported tariffs raising input costs,

compared to their answers in August 2018.

About two-thirds of manufacturers saw an upward effect on prices paid and

some 45% saw an upward effect on selling prices.

The numbers were slightly lower but similar in the services sector.”

“among manufacturers,

51 percent perceive a negative effect in 2019, and

47 percent anticipate a negative effect in 2020.”

“The New York Fed survey findings also chime with a report Friday from

Deere & Co. that it is seeking cost savings amid a 24% fall in operating profit from its agriculture machinery unit,

which was hit with higher production costs and lower shipping volumes.

That makes sense, given U.S. farmers complain that they’ve been big losers in the trade war.”

https://www.rawstory.com/2019/08/federal-reserve-undercuts-trump-with-data-showing-manufacturers-and-consumers-are-hardest-hit-by-his-tariffs/?utm_source=&utm_medium=email&utm_campaign=1160 (https://www.rawstory.com/2019/08/federal-reserve-undercuts-trump-with-data-showing-manufacturers-and-consumers-are-hardest-hit-by-his-tariffs/?utm_source=&utm_medium=email&utm_campaign=1160)

China is paying all the tariff costs, while Mexico is paying for the wall.

Trash is one sicko motherfucker, lost in a fantasy world and incapable of "reality testing", which of course indicts his 10Ms of approvers, supporters as equally FUCKED UP

[boutons_deux]

https://pbs.twimg.com/profile_images/874276197357596672/kUuht00m_bigger.jpg (https://twitter.com/realDonaldTrump)Donald J. Trump (https://twitter.com/realDonaldTrump)
✔@realDonaldTrump
(https://twitter.com/realDonaldTrump)
(https://twitter.com/realDonaldTrump)The United States is now, by far, the Biggest, Strongest and Most Powerful Economy in the World, it is not even close!

As others falter, we will only get stronger.

Consumers are in the best shape ever, plenty of cash. :lol household debt at all time high $1.5T+

Business Optimism is at an All Time High! :lol

(https://twitter.com/intent/like?tweet_id=1162022701457989635)10:26 AM - Aug 15, 2019 (https://twitter.com/realDonaldTrump/status/1162022701457989635)

:lol

Household debt hit another all-time high. Is it poised to level off?

https://www.americanbanker.com/list/household-debt-hit-another-all-time-high-is-it-poised-to-level-off (https://www.americanbanker.com/list/household-debt-hit-another-all-time-high-is-it-poised-to-level-off)

[DMX7]

They should adjust the number for people who simply payoff their credit cards every month and don't carry balances... I'm sure they could figure out some type of reasonable adjustment for that. Although I'm not sure how much it actually amounts to.

[boutons_deux]

They should adjust the number for people who simply payoff their credit cards every month and don't carry balances... I'm sure they could figure out some type of reasonable adjustment for that. Although I'm not sure how much it actually amounts to.

why?

card issuers appear to report how much they are owed, and that's all that counts.

the $$$ of debts paid off is probably minuscule compared to the $1.5T debt being carried.

[boutons_deux]

U.S. Farmers Stung by Tariffs Now Face a $3.5 Billion Corn Loss

now face billions of dollars in potential losses as controversial data (https://www.bloomberg.com/news/articles/2019-08-12/head-scratching-u-s-corn-planting-data-is-still-incomplete) from the U.S. government snuffs out a rally in corn.

The Agriculture Department on Monday said (https://www.bloomberg.com/news/terminal/PW4Y0WDWLU6V) farmers planted a bigger corn area than analysts estimated and

pegged crop yields that also exceeded expectations, sparking the biggest rout in futures since 2013.

That was a blow to growers who were holding back supplies, hoping a rally that started in May due to delayed sowing would extend through the fall.

The decline represents a potential loss of almost $3.5 billion for U.S. farmers, according to the American Farm Bureau, and

is another setback for them after prices fell following the USDA’s previous acreage report, which was widely criticized for containing outdated data.

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iBLOQN4BR9Lc/v2/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/-1x-1.png

“A lot of people were banking on the opportunity to sell at much higher prices. This report now really brings that into question.”

Crashing corn prices are an additional stress for growers facing huge farm debt,

which the USDA estimates will rise 3.9% this year to $427 billion.

Last year, farm debt-to-income was at the highest level since 1984.

https://www.bloomberg.com/news/articles/2019-08-13/u-s-farmers-stung-by-tariffs-now-face-a-3-5-billion-corn-loss (https://www.bloomberg.com/news/articles/2019-08-13/u-s-farmers-stung-by-tariffs-now-face-a-3-5-billion-corn-loss)

"Some" trust the Repugs more for NatSec, so we get 9/11 WTC attack, then botched Iraq/Afghan wars

"Some" trust the Repug more for economic management, and we get the Banksters Great Depression and self-harm trade war.

iow, fuck the Repugs to hell.

[boutons_deux]

Trump suggests hitting France with 100 percent tariff on wine over dispute with Macron

https://www.rawstory.com/wp-content/uploads/2019/07/Trump-Macron-1.jpg

the president recently made the suggestion as part of

his trade war that has crippled American manufacturers and farmers

while at the same time hitting American consumers’ wallets.

his unhappiness with President Emmanuel Macron and his tax on multinational technology companies.

“The law signed by Macron imposes a 3% tax on the revenue of technology giants such as Facebook Inc. and Amazon.com Inc.

Trump is a frequent critic of those companies but

bristled at the idea of a foreign government setting their terms of trade.

‘We tax our companies, :lol :lol :lol

they don’t tax our companies,’

https://www.rawstory.com/2019/08/trump-suggested-hitting-france-with-100-percent-tariff-on-wine-over-dispute-with-macron/ (https://www.rawstory.com/2019/08/trump-suggested-hitting-france-with-100-percent-tariff-on-wine-over-dispute-with-macron/)

[boutons_deux]

Americans overwhelmingly support free trade as concern grows about Trump’s economy

By a narrow 49%-46% margin, Americans still approve of Trump’s handling of the economy. But that’s down from 51%-41% approval in early May and an even more robust 50%-34% in July 2018. trending DOWN

At the same time, Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That’s up from 57%-37% early in Trump’s presidency, and 51%-41% near the end of President Obama’s tenure.

Trump’s overall approval ticked down slightly in the survey to 43% from 45% in July. That remains within the range of earlier results for a president whose ratings with a sharply-polarized electorate have stayed remarkably stable.

https://www.cnbc.com/2019/08/18/americans-support-free-trade----and-are-worried-about-the-trump-economy-poll.html

[boutons_deux]

The latest casualty of Trump’s trade war with China? California wine

Since April 2018, in response to U.S. tariffs, China has slapped retaliatory taxes on $110 billion (https://www.latimes.com/world/la-fg-china-trade-war-tariffs-20190513-story.html)in U.S. imports — products as varied as electronics and soybeans.

For wine, taxes and tariffs now amount to a 93% surcharge on every U.S. bottle.

That’s double the amount on French wine, long favored by well-to-do Chinese.

At the same time, wines from Australia and Chile, which recently signed free trade agreements with the Asian giant, are flooding into China, taxed at just 26%.

Global exporters view China as a barely tapped opportunity, given its exploding middle class and growing appetite for the quality and prestige of imported wine. The U.S. exported $1.46 billion in wine last year, 95% of it from California.

China was the fifth-largest destination after the European Union, Canada, Hong Kong and Japan.

“China was our fastest-growing export market,”

“We were heavily ramping up our activities there, adding restaurant promotions and cultivating relationships with key retailers.”

But U.S. wine exports to China were down by 33% in the first half of this year compared with the same period in 2017. As the trade conflict drags on,

“Chinese importers will buy from a different country,”

“We’ve worked on building those relationships for two decades. Now all of that time is basically a loss.”

https://www.latimes.com/business/story/2019-08-16/california-wine-in-china-trade-war (https://www.latimes.com/business/story/2019-08-16/california-wine-in-china-trade-war)

[boutons_deux]

Morning Joe uses Fox News report to ridicule Trump’s business skills in coming trade deal with China

Scarborough first mocked President Donald Trump’s business acumen before predicting that

he will cobble together a bad deal with China in hopes of slowing down the economic slide before the 2020 election.
Using a report he heard on Fox News, which predicted that same scenario,

the MSNBC host noted that China knows they have the president over a barrel.

“on Fox News last week. somebody expressing real concern that the Chinese already know that, for Donald Trump,

the only sort of economic trick he has left in his bag is to come to a resolution on the trade war with China to get the economy going,”

“Well, if we all know that, then the Chinese leaders know that. Xi [Jinping] knows that.”

“And so Xi will drive a harder bargain with Donald Trump,”

“And at the end of the day, the man who

wrote a book on ‘The Art of the Deal’ while he was losing more money than any American alive

will have to strike another bad deal with the Chinese because

they know he’s timing all this for his re-election.”

https://www.rawstory.com/2019/08/morning-joe-uses-fox-news-report-to-ridicule-trumps-business-skills-in-coming-trade-deal-with-china/?utm_source=&utm_medium=email&utm_campaign=1168

[boutons_deux]

Support for free trade reaches new high in NBC/WSJ poll

Amid the ongoing trade war with China,

nearly two-thirds of Americans say they support free trade

https://www.nbcnews.com/politics/meet-the-press/support-free-trade-reaches-new-high-nbc-wsj-poll-n1043601?cid=public-rss_20190818 (https://www.nbcnews.com/politics/meet-the-press/support-free-trade-reaches-new-high-nbc-wsj-poll-n1043601?cid=public-rss_20190818)

[boutons_deux]

U.S. Steel plans to lay off hundreds of workers in Michigan


United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks,

it expects to let go fewer than 200 workers following its decision to halt production at the Michigan facility.

In mid-June, the company said it would idle two blast furnaces at its Great lakes and Gary Works plants, citing lower steel prices and softening demand.

U.S. Steel said the lay-offs at the Michigan plant could last beyond six months.

They will impact nearly every area of the facility, from blast furnace to finishing operations,

https://www.reuters.com/article/us-u-s-steel-layoffs/u-s-steel-plans-to-lay-off-hundreds-of-workers-in-michigan-idUSKCN1V91XQ?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-u-s-steel-layoffs/u-s-steel-plans-to-lay-off-hundreds-of-workers-in-michigan-idUSKCN1V91XQ?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29)

helluva job, Trashie

[boutons_deux]

China retaliates again in Trump’s trade war —

and sends the stock market plunging

China on Friday announced that it was levying tariffs on $75 billion worth of American goods in the latest retaliation

China also said it would resume enforcing duties against American automobiles.

sent stock market futures plunging downward

the economy is slowing down and could fall into a recession in the near future.

The U.S. Treasury bonds yield curve inverted again on Thursday,

the American manufacturing sector actually contracted in August, marking the first time the sector has shrunk since 2009 in the midst of the Great Recession.

https://www.rawstory.com/2019/08/china-retaliates-again-in-trumps-trade-war-and-sends-the-stock-market-plunging/?utm_source=&utm_medium=email&utm_campaign=1222 (https://www.rawstory.com/2019/08/china-retaliates-again-in-trumps-trade-war-and-sends-the-stock-market-plunging/?utm_source=&utm_medium=email&utm_campaign=1222)

I hear bullshit that Trash has the world by the short-n-curlies,

but Xi has Trash by Trash's apocryphal balls, and Xi is squeezing hard :lol

Just another war the USA will lose.

[boutons_deux]

Fox’s Chris Wallace stunned as ‘flailing’ Trump tries to order around US companies while the stock market plunges

seemed stunned by a series of angry tweets from Donald Trump on Friday morning, first attacking Fed Chair Jerome Powell for not lowering interest rates than exploding at China over a new round of tariffs.

Speaking with host Sandra Smith, Wallace sat and listened as she read off the president’s Twitter complaints about economic events beyond his control, including one telling U.S. companies to take their manufacturing business elsewhere.

Noting Trump’s inflammatory comments about Powell, calling him a “enemy” and comparing him to China’s leader Xi Jinping, Wallace said

the president’s comments about one of his own appointees were concerning. :lol just concerning? :lol

“When you have the president of the United States sort of flailing around this way and

ordering companies to move back to the U.S. and

saying that the head of the Federal Reserve is the enemy of the country,

is that going to create more consumer confidence about the state of the economy or not?”

https://www.rawstory.com/2019/08/foxs-chris-wallace-stunned-as-flailing-trump-tries-to-order-around-us-companies-while-the-stock-market-plunges/?utm_source=&utm_medium=email&utm_campaign=1234 (https://www.rawstory.com/2019/08/foxs-chris-wallace-stunned-as-flailing-trump-tries-to-order-around-us-companies-while-the-stock-market-plunges/?utm_source=&utm_medium=email&utm_campaign=1234)

[Thread]

Fox’s Chris Wallace stunned as ‘flailing’ Trump tries to order around US companies while the stock market plunges

seemed stunned by a series of angry tweets from Donald Trump on Friday morning, first attacking Fed Chair Jerome Powell for not lowering interest rates than exploding at China over a new round of tariffs.

Speaking with host Sandra Smith, Wallace sat and listened as she read off the president’s Twitter complaints about economic events beyond his control, including one telling U.S. companies to take their manufacturing business elsewhere.

Noting Trump’s inflammatory comments about Powell, calling him a “enemy” and comparing him to China’s leader Xi Jinping, Wallace said

the president’s comments about one of his own appointees were concerning. :lol just concering? :lol

“When you have the president of the United States sort of flailing around this way and

ordering companies to move back to the U.S. and

saying that the head of the Federal Reserve is the enemy of the country,

is that going to create more consumer confidence about the state of the economy or not?”

https://www.rawstory.com/2019/08/foxs-chris-wallace-stunned-as-flailing-trump-tries-to-order-around-us-companies-while-the-stock-market-plunges/?utm_source=&utm_medium=email&utm_campaign=1234 (https://www.rawstory.com/2019/08/foxs-chris-wallace-stunned-as-flailing-trump-tries-to-order-around-us-companies-while-the-stock-market-plunges/?utm_source=&utm_medium=email&utm_campaign=1234)




Wallace has always been a wolf in sheep's clothing. At least his father didn't hide his shit.

[boutons_deux]

shitshow GAME ON!

"Trump at 5 p.m. sent out a string of tweets announcing

he'd increase the current 10 percent tariff rate on $300 billion of Chinese goods

to 15 percent starting Sept. 1.

He also announced that, starting Oct. 1,

the 25 percent tariff on $250 billion in Chinese goods would be upped to 30 percent."

https://theweek.com/speedreads/860866/trump-follows-dow-drop-another-round-retaliatory-tariffs-china (https://theweek.com/speedreads/860866/trump-follows-dow-drop-another-round-retaliatory-tariffs-china)

[dabom6]

Trump Tariffs is a tax on people. What a fucking con man. I'm done with this orange shit. :lmao

[dabom6]

So Trillion dollars in tax cuts to the super rich, increase taxes on the medium incomes and now the government collects more of our money through these tariffs. :lmao :lmao

[dabom6]

He thinks we aren't paying attention. :lol

[Winehole23]

Wallace has always been a wolf in sheep's clothing. At least his father didn't hide his shit.I know it's hard for you to forgive Chris Wallace for acting like a journalist, taking what DJT says seriously and asking tough follow ups. Being professional instead of a personally loyal toady to DJT gets you branded as fake by the likes of you.

[midnightpulp]

DOW down 600, farmers getting creamed :tu.

https://www.msn.com/en-us/money/markets/soybeans-sink-as-china-hikes-tariffs-on-american-farm-products/ar-AAGdYvQ?ocid=spartanntp

And again, no :cry. Fuck these idiots for thinking that moron was their "champion." And sadly, many of these farmers are still looking up at the sky waiting for him to drop the cargo. Trump might be the most persuasive cult leader in human history. They, as Cub would say, won't "forsake" him.

[midnightpulp]

:lol


Rolling Stone: From the American farmer’s perspective, how has it been watching this trade war develop with China?

John Heisdorffer (Keota, IA): Well, this kind of news is not only financially draining when the markets go down but it’s also emotionally draining, thinking, “Oh my gosh, this is going to go along again for how long?” I thought we were close to a settlement, but that didn’t happen I guess.

Bill Gordon (Worthington, MN): It’s crazy. You sit there and try to raise a crop and do everything you can. You fight mother nature like we did last year and again this year, and then you come to find out, “Oh, hey, by the way, the government got in the way and you don’t have a market. They took the market away.” Soybean farmers have sunk their own money, blood, sweat and tears for the last 40 years into building the Chinese market up and getting trade partners and building this two-way relationship, then it gets taken away overnight.

Bret Davis (Delaware, OH): I understand what the president is trying to do in bringing them to the table, but we’ve been a year at this and nothing’s happened. We’ve heard from trade representatives that we’re just a couple weeks away and we’ve heard that for months now. With adding more tariffs, I feel like it’s throwing more fuel on the fire. The tariffs haven’t worked and it’s completely crushed our market. We went from a year ago being able to sell beans at this time for $10.30 and we’re at $7.50-$7.60 right now. It’s been a complete detriment to the farmer. And to the rural economy, too.

Even if a trade deal gets worked out, do you feel this has been damaging to future trade relationships with China?

Gordon: Absolutely, we already know it is. They’ve already shifted more of their purchasing power to the South American market.

Krista, many farmers like yourself sell to a local merchandiser who then sells to China. Are you worried the market effects are going to trickle down and start impacting you?

Krista Swanson (Oneida, IL): If you look at the prices, you would say it already is impacting us, the price that we can sell for. It’s a direct factor in our income. China is still buying soybeans [from the U.S.]; that’s an important point to make — but losing even 20 percent of the market there is a really big deal because they’re such a big customer.

https://www.rollingstone.com/politics/politics-features/what-soybean-farmers-think-of-trumps-trade-war-837492/

[Thread]

I know it's hard for you to forgive Chris Wallace for acting like a journalist, taking what DJT says seriously and asking tough follow ups. Being professional instead of a personally loyal toady to DJT gets you branded as fake by the likes of you.

"journalist" HA! Nothing but a coven of liars, cheats & thieves. I spit on them.

What did the old man do to 'em late last night before boarding AF1 to go see those dead beat fucks at the (G)? Turned his back on 'em.

---45---

[Winehole23]

"journalist" HA! Nothing but a coven of liars, cheats & thieves. I spit on them.

What did the old man do to 'em late last night before boarding AF1 to go see those dead beat fucks at the (G)? Turned his back on 'em.

---45---Yep.

Loyalty to the cacique is all that counts for you.

[Thread]

Yep.

Loyalty to the cacique is all that counts for you.

I've wanted to do to Media what the old man is doing to Media since 1/2-a-century. I'll take this, this I will take to the grave.

[Winehole23]

Media?

That’s Trump’s best friend.

Trump wouldn’t be where he is without the media’s breathless coverage of Trump’s jackassery

[Thread]

Media?

That’s Trump’s best friend.

Trump wouldn’t be where he is without the media’s breathless coverage of Trump’s jackassery

But, they wanted to tease & torment Him with Her sitting in that House. At the end of every single day when their heads that pillow...He is President....& always will be.

[Winehole23]

For thine is the Kingdom, the Power, and the Glory, for ever, amen.

[boutons_deux]

He thinks we aren't paying attention. :lol

100M? Americans support him, and maybe 100M others are watching TV.

[Thread]

100M? Americans support him, and maybe 100M others are watching TV.

It's that private ballot, that thin membrane of curtain material pulled across the voter's backside that will save & deliver the Messiah.

[boutons_deux]

Trump expresses regret about escalating China trade war, then reverses course and says he wishes he raised tariffs higher

● The White House said President Trump’s earlier suggestion that he regretted escalating the trade war with China was “misinterpreted” and that what he regrets is not raising tariffs higher.

●Trump and Japanese Prime Minister Abe announced that they have reached an agreement in principle on a trade deal covering agriculture, technology and other issues. No details were provided.

●Trump said it is “certainly possible” :lol he will invite Russian President Vladimir Putin to next year’s Group of Seven meeting in the United States, a move that would almost certainly be opposed by allies.

https://www.washingtonpost.com/politics/trump-for-first-time-signals-regret-china-trade-war-has-escalated/2019/08/25/c942ea78-c67a-11e9-b5e4-54aa56d5b7ce_story.html?noredirect=on&wpisrc=nl_most&wpmm=1 (https://www.washingtonpost.com/politics/trump-for-first-time-signals-regret-china-trade-war-has-escalated/2019/08/25/c942ea78-c67a-11e9-b5e4-54aa56d5b7ce_story.html?noredirect=on&wpisrc=nl_most&wpmm=1)

And still the Dems do nothing, and his sycophantic Cabinet/Repugs do nothing.

[boutons_deux]

Legal Experts Worry Trump Doesn’t Understand His Own Threat to China :lol of course, doesn't :lol

While it’s not entire clear what the President’s initial “order” entailed, a number of legal and international affairs experts pointed out that under the IEEPA,

Trump words have no legal authority :lol

unless he first decides to declare that trade with China constitutes national emergency – a move that would have a significant effect on the U.S. economy.

https://www.theatlantic.com/ideas/archive/2019/08/all-food-will-be-delivered/595222/

[Thread]

Legal Experts Worry Trump Doesn’t Understand His Own Threat to China :lol of course, doesn't :lol

While it’s not entire clear what the President’s initial “order” entailed, a number of legal and international affairs experts pointed out that under the IEEPA,

Trump words have no legal authority :lol

unless he first decides to declare that trade with China constitutes national emergency – a move that would have a significant effect on the U.S. economy.

https://www.theatlantic.com/ideas/archive/2019/08/all-food-will-be-delivered/595222/





Boiled down:::

- "This is an obscure law."

- CNN

[boutons_deux]

Trump’s presser confirms it: He has no idea why he’s losing trade war

“It’s the way I negotiate. It’s done very well for me over the years, and it’s doing even better for the country.”

there has seldom been clearer proof that Trump is in fact the world’s worst negotiator.

And the price Americans are paying for his weakness keeps getting higher.

he labors under a series of misconceptions,

bred by ignorance and what appears to be a complete lack of interest in grasping how the trade war appears from China’s perspective.

The theory of mounting a trade war is that while both countries will inevitably suffer,

the other country will be less able to sustain the damage and will give in to your terms.

China has an authoritarian political system, its leaders are much more insulated from short-term public anger than the leaders of a democracy are.

Trump has to worry about being reelected in 2020; Xi Jinping may well be president for life (https://www.cnn.com/2018/03/11/asia/china-presidential-term-limits-intl/index.html).

If Xi wants to extend this trade war for another year or two or three, he can do it.

If Trump does, it greatly raises the likelihood that he will no longer be president seventeen months from now.

Trump is convinced that China is hurting more than we are.

the second part of Trump’s argument:

America’s economy is so spectacular that we can absorb more economic pain than the Chinese.

the broader economic consequences that could affect all Americans if the trade war pushes us toward a recession.

“My style of deal-making is quite simple and straightforward. I aim very high, and then I just keep pushing and pushing and pushing to get what I’m after.”

Understanding the other side is not part of his calculation.

So when “pushing and pushing” fails, he learns nothing.

We saw that in his multiple failed legislative initiatives

he showed no evidence that he knew anything about the members of Congress whose votes he needed, nor cared what incentives and fears they faced.

And every time he lost.

https://www.washingtonpost.com/opinions/2019/08/26/trumps-presser-confirms-it-he-has-no-idea-why-hes-losing-trade-war/ (https://www.washingtonpost.com/opinions/2019/08/26/trumps-presser-confirms-it-he-has-no-idea-why-hes-losing-trade-war/)

Xi: https://www.youtube.com/watch?v=_BRv9wGf5pkand

Xi can't been seen to be caving to USA in The Chinese Century,

and Trash's cards are weak

[Thread]

Trump’s presser confirms it: He has no idea why he’s losing trade war

“It’s the way I negotiate. It’s done very well for me over the years, and it’s doing even better for the country.”

there has seldom been clearer proof that Trump is in fact the world’s worst negotiator.

And the price Americans are paying for his weakness keeps getting higher.

he labors under a series of misconceptions,

bred by ignorance and what appears to be a complete lack of interest in grasping how the trade war appears from China’s perspective.

The theory of mounting a trade war is that while both countries will inevitably suffer,

the other country will be less able to sustain the damage and will give in to your terms.

China has an authoritarian political system, its leaders are much more insulated from short-term public anger than the leaders of a democracy are.

Trump has to worry about being reelected in 2020; Xi Jinping may well be president for life (https://www.cnn.com/2018/03/11/asia/china-presidential-term-limits-intl/index.html).

If Xi wants to extend this trade war for another year or two or three, he can do it.

If Trump does, it greatly raises the likelihood that he will no longer be president seventeen months from now.

Trump is convinced that China is hurting more than we are.

the second part of Trump’s argument:

America’s economy is so spectacular that we can absorb more economic pain than the Chinese.

the broader economic consequences that could affect all Americans if the trade war pushes us toward a recession.

“My style of deal-making is quite simple and straightforward. I aim very high, and then I just keep pushing and pushing and pushing to get what I’m after.”

Understanding the other side is not part of his calculation.

So when “pushing and pushing” fails, he learns nothing.

We saw that in his multiple failed legislative initiatives

he showed no evidence that he knew anything about the members of Congress whose votes he needed, nor cared what incentives and fears they faced.

And every time he lost.

https://www.washingtonpost.com/opinions/2019/08/26/trumps-presser-confirms-it-he-has-no-idea-why-hes-losing-trade-war/ (https://www.washingtonpost.com/opinions/2019/08/26/trumps-presser-confirms-it-he-has-no-idea-why-hes-losing-trade-war/)

Xi: https://www.youtube.com/watch?v=_BRv9wGf5pkand

Xi can't been seen to be caving to USA in The Chinese Century,

and Trash's cards are weak

Boiled down:::

Now, instead of before both our teeth are kicked in.

[Chris]

https://twitter.com/SaraCarterDC/status/1165956546678939648?s=19


:)

[Pavlov]

https://twitter.com/SaraCarterDC/status/1165956546678939648?s=19


:)When were they not ready to talk, Qhris?

[Thread]

When were they not ready to talk, Qhris?

...when their teeth weren't kicked in.

[boutons_deux]

TRUMP’S TRADE WAR ISN’T JUST A US–CHINA PROBLEM

other countries are being drawn into a conflict that might have no winners.

Trump claimed (https://www.npr.org/2019/08/25/754159657/president-trump-walks-back-statements-on-china-white-house-reverses-him) that he could use emergency powers to force private companies to relocate out of China, but said he has no current plans to do so. :lol I could do this really bad thing, but won't, so suck my gorgeous dick

many companies based both in the US and abroad already are looking for alternatives to China due to the trade war.

Plenty of countries offer attractive options—although, it seems, not so much the US.

isn't an entirely new phenomenon.

With wages in China rising higher, companies have been exploring other parts of the world in search of cheap manufacturing labor for years now.

Exports out of Vietnam have risen from about $176.6 billion worth of goods in 2016 to $290.4 billion last year,

last year Vietnam had a $39.5 billion trade imbalance with the US, in Vietnam's favor

Mexico passed China this year to become the US's largest trading partner,

though the US still imports more products from China than Mexico.

the US trade deficit hit a record high (https://www.bea.gov/news/2019/us-international-trade-goods-and-services-december-2018) of $891.3 billion for 2018.

it’s clear that Trump’s attempts at lowering the deficit haven’t worked. :lol Loser!

Germany, one of the largest manufacturing economies outside of China, is feeling the sting as China imports fewer German-made automobiles (https://www.nytimes.com/2019/08/14/business/german-economy.html). :lol Trash's bullshit war hurts Germany? Pootin smiles

For countries like Vietnam and Mexico, success in the wake of the US–China trade war risks bringing renewed scrutiny to their own trade imbalances with the US.

The trade war has created uncertainty for companies and economies around the world, and the volatility of the Trump administration makes things worse.

"Companies don't know where they should relocate,"

"They don't know which country will be the next target.

That leads businesses to slow investments, slow decisions."

https://www.wired.com/story/us-china-trade-war-spills-over/?bxid=5bd6795524c17c1048022fcc&cndid=43758549&utm_brand=biz&utm_campaign=aud-dev&utm_content=A&utm_mailing=Thematic_Business_08262019%20w/%20Dek&utm_medium=email&utm_source=nl&utm_term=Thematic_Business (https://www.wired.com/story/us-china-trade-war-spills-over/?bxid=5bd6795524c17c1048022fcc&cndid=43758549&utm_brand=biz&utm_campaign=aud-dev&utm_content=A&utm_mailing=Thematic_Business_08262019%20w/%20Dek&utm_medium=email&utm_source=nl&utm_term=Thematic_Business)

[Thread]

TRUMP’S TRADE WAR ISN’T JUST A US–CHINA PROBLEM

other countries are being drawn into a conflict that might have no winners.

Trump claimed (https://www.npr.org/2019/08/25/754159657/president-trump-walks-back-statements-on-china-white-house-reverses-him) that he could use emergency powers to force private companies to relocate out of China, but said he has no current plans to do so. :lol I could do this really bad thing, but won't, so suck my gorgeous dick

many companies based both in the US and abroad already are looking for alternatives to China due to the trade war.

Plenty of countries offer attractive options—although, it seems, not so much the US.

isn't an entirely new phenomenon.

With wages in China rising higher, companies have been exploring other parts of the world in search of cheap manufacturing labor for years now.

Exports out of Vietnam have risen from about $176.6 billion worth of goods in 2016 to $290.4 billion last year,

last year Vietnam had a $39.5 billion trade imbalance with the US, in Vietnam's favor

Mexico passed China this year to become the US's largest trading partner,

though the US still imports more products from China than Mexico.

the US trade deficit hit a record high (https://www.bea.gov/news/2019/us-international-trade-goods-and-services-december-2018) of $891.3 billion for 2018.

it’s clear that Trump’s attempts at lowering the deficit haven’t worked. :lol Loser!

Germany, one of the largest manufacturing economies outside of China, is feeling the sting as China imports fewer German-made automobiles (https://www.nytimes.com/2019/08/14/business/german-economy.html). :lol Trash's bullshit war hurts Germany? Pootin smiles

For countries like Vietnam and Mexico, success in the wake of the US–China trade war risks bringing renewed scrutiny to their own trade imbalances with the US.

The trade war has created uncertainty for companies and economies around the world, and the volatility of the Trump administration makes things worse.

"Companies don't know where they should relocate,"

"They don't know which country will be the next target.

That leads businesses to slow investments, slow decisions."

https://www.wired.com/story/us-china-trade-war-spills-over/?bxid=5bd6795524c17c1048022fcc&cndid=43758549&utm_brand=biz&utm_campaign=aud-dev&utm_content=A&utm_mailing=Thematic_Business_08262019%20w/%20Dek&utm_medium=email&utm_source=nl&utm_term=Thematic_Business (https://www.wired.com/story/us-china-trade-war-spills-over/?bxid=5bd6795524c17c1048022fcc&cndid=43758549&utm_brand=biz&utm_campaign=aud-dev&utm_content=A&utm_mailing=Thematic_Business_08262019%20w/%20Dek&utm_medium=email&utm_source=nl&utm_term=Thematic_Business)

That's just 1 of the reasons why China kicked our teeth is because we're worried about these cocksuckers instead of our land & people. I just like that piece of shit Merkle bitching & bellyaching about Russia & at the same time running that pipeline up there to get that black gold. Big shot/Big Ass/Big Mouth.

Let these pricks put up their own children at war, suffer their teeth getting kicked in, spending their money on defense. Fuckin' dead beat bastards. Fuck them.

Trump President.
Nobody else.

---

ADDENDUM:::& this French fuck Macron acting like he ain't got a care in the world, playin' Big Shot, while his people would just love to do to him what they did to Marie A. Media won't touch that area during the (G). No fuckin' way.

Bunch a fuckin' fakers & panhandlers the bunch of 'em.

[dabom6]

That's just 1 of the reasons why China kicked our teeth is because we're worried about these cocksuckers instead of our land & people. I just like that piece of shit Merkle bitching & bellyaching about Russia & at the same time running that pipeline up there to get that black gold. Big shot/Big Ass/Big Mouth.

Let these pricks put up their own children at war, suffer their teeth getting kicked in, spending their money on defense. Fuckin' dead beat bastards. Fuck them.

Trump President.
Nobody else.

---

ADDENDUM:::& this French fuck Macron acting like he ain't got a care in the world, playin' Big Shot, while his people would just love to do to him what they did to Marie A. Media won't touch that area during the (G). No fuckin' way.

Bunch a fuckin' fakers & panhandlers the bunch of 'em.

Still sucking that pudding cock? :lmao :lmao

[Thread]

Still sucking that pudding cock? :lmao :lmao

I side a man, that's it---be it Kobe, the old man, et al.

You couldn't drag me away.

[dabom6]

I side a man, that's it---be it Kobe, the old man, et al.

You couldn't drag me away.

Putin is your man here. :lmao :lmao

[Thread]

Putin is your man here. :lmao :lmao

Poot is included in the (et al).

Without his Russia, Hitler's grandson would be running Europe, lock, stock & 2 smoking barrels, you turdhound, you.

[dabom6]

Poot is included in the (et al).

Without his Russia, Hitler's grandson would be running Europe, lock, stock & 2 smoking barrels, you turdhound, you.

:lmao :lmao :lmao

[Chris]

...when their teeth weren't kicked in.

China's currency just fell to an 11 year low.

Three of their biggest banks have failed in the past 3 months.

Donald Trump is winning the trade war.
.

[boutons_deux]

TRASH APPEARS ??:lol weasel words
TO BE LYING, AGAIN,
TO SAVE HIS OWN ASS

The Dow rallied on the news of the

president’s alleged call with China, which Beijing flatly denied.

https://www.vanityfair.com/news/2019/08/donald-trump-china-phone-call (https://www.vanityfair.com/news/2019/08/donald-trump-china-phone-call)

[boutons_deux]

Farmers’ Frustration With Trump Grows as U.S. Escalates China Fight

https://www.nytimes.com/2019/08/27/us/politics/trump-farmers-china-trade.html

BigAg loves, since when farmer's land gets repossessed and sold to pay defaulted loans, BigAg sweeps in to the land cheaply.

The 1930s All Over Again.

[boutons_deux]

Trump’s Trade War Linked To Amazon Rainforest Destruction

As U.S. soybeans sit in silos, Brazilian farmers push to break new ground to satisfy the Chinese market.

As unsold U.S. soybeans are stored in silos across the farm belt, Brazilian farmers and corporations scramble to satisfy the voracious Chinese market.

The push to break new ground amid President Donald Trump (https://www.huffpost.com/news/topic/donald-trump)’s trade war with China is putting increasing

pressure on the Amazon (https://www.huffpost.com/impact/topic/amazon) rainforest and is likely linked to the region’s devastating fires, according to experts.

“There is concern that market pressures related to the disruptions in global trade contributed to the fires in the Amazon,”

Brazil is America’s biggest soybean competitor

and has stepped up its production now that China has slashed its purchases of U.S. crops in retaliation for Trump’s tariffs on Chinese imports.

Soy shipments from Brazil jumped 27% from 2017 to 2018 (https://www.bloomberg.com/graphics/2019-why-amazon-rainforest-is-on-fire/).

Chinese imports from Brazil in the 12 months through April amounted to 71 million tons —

nearly as much as China imported from the entire world in 2014 (https://www.bloomberg.com/opinion/articles/2019-08-25/china-s-soybean-demand-in-trade-war-could-fuel-amazon-fires),

the devastating fires in Brazil, potentially started to clear land for crops and cattle,”

Not only do American farmers have soybeans to sell, but also the crops are generally grown under far more stringent environmental standards than in Brazil,

Trump skipped the G-7 meeting on climate change (https://www.cnn.com/2019/08/26/politics/donald-trump-g7-climate-change/index.html) on Monday.

The president claimed he had other meetings with the leaders of Germany and India.

But both German Chancellor Angela Merkel and Indian Prime Minister Narendra Modi were in the climate change meeting. :lol

https://www.huffpost.com/entry/trump-trade-war-china-brazil-amazon-rainforest-fires_n_5d649783e4b008b1fd1fcf09?ncid=newsltushpmg news__TheMorningEmail__082719 (https://www.huffpost.com/entry/trump-trade-war-china-brazil-amazon-rainforest-fires_n_5d649783e4b008b1fd1fcf09?ncid=newsltushpmg news__TheMorningEmail__082719)

Fuck Trash, fuck his mafiya, fuck all Repugs and fuck all Repug voters to hell

[Thread]

Trump’s Trade War Linked To Amazon Rainforest Destruction

As U.S. soybeans sit in silos, Brazilian farmers push to break new ground to satisfy the Chinese market.

As unsold U.S. soybeans are stored in silos across the farm belt, Brazilian farmers and corporations scramble to satisfy the voracious Chinese market.

The push to break new ground amid President Donald Trump (https://www.huffpost.com/news/topic/donald-trump)’s trade war with China is putting increasing

pressure on the Amazon (https://www.huffpost.com/impact/topic/amazon) rainforest and is likely linked to the region’s devastating fires, according to experts.

“There is concern that market pressures related to the disruptions in global trade contributed to the fires in the Amazon,”

Brazil is America’s biggest soybean competitor

and has stepped up its production now that China has slashed its purchases of U.S. crops in retaliation for Trump’s tariffs on Chinese imports.

Soy shipments from Brazil jumped 27% from 2017 to 2018 (https://www.bloomberg.com/graphics/2019-why-amazon-rainforest-is-on-fire/).

Chinese imports from Brazil in the 12 months through April amounted to 71 million tons —

nearly as much as China imported from the entire world in 2014 (https://www.bloomberg.com/opinion/articles/2019-08-25/china-s-soybean-demand-in-trade-war-could-fuel-amazon-fires),

the devastating fires in Brazil, potentially started to clear land for crops and cattle,”

Not only do American farmers have soybeans to sell, but also the crops are generally grown under far more stringent environmental standards than in Brazil,

Trump skipped the G-7 meeting on climate change (https://www.cnn.com/2019/08/26/politics/donald-trump-g7-climate-change/index.html) on Monday.

The president claimed he had other meetings with the leaders of Germany and India.

But both German Chancellor Angela Merkel and Indian Prime Minister Narendra Modi were in the climate change meeting. :lol

https://www.huffpost.com/entry/trump-trade-war-china-brazil-amazon-rainforest-fires_n_5d649783e4b008b1fd1fcf09?ncid=newsltushpmg news__TheMorningEmail__082719 (https://www.huffpost.com/entry/trump-trade-war-china-brazil-amazon-rainforest-fires_n_5d649783e4b008b1fd1fcf09?ncid=newsltushpmg news__TheMorningEmail__082719)

Fuck Trash, fuck his mafiya, fuck all Repugs and fuck all Repug voters to hell



Though Merkel had nary concern as she tore up the land twixt Germany & Russia to lay that pipe down to get some of that "black gold" that "Texas tea."

Her hands are just as dirty as the next asshole in the line.

[spurraider21]

China's currency just fell to an 11 year low.

Three of their biggest banks have failed in the past 3 months.

Donald Trump is winning the trade war.
.
https://i.imgflip.com/390ild.jpg

[Thread]

https://i.imgflip.com/390ild.jpg

Look at ya, diggin' in an old man's shit. Shame on ya, 21.

[boutons_deux]

Trump Said Japan is"Going to be Buying All of That Corn" That China Isn't. Here are the Facts. (https://www.dailykos.com/stories/2019/8/26/1881544/-Trump-Said-Japan-was-Going-to-be-Buying-All-of-That-Corn-That-China-Isn-t-Here-are-the-Facts)

https://images.dailykos.com/images/711669/story_image/by-David-Rhodes.jpg?1566859537

We have excess corn in various parts of our country with our farmers because

China did not do what they said they were going to do. :lol

And Prime Minister Abe Shinzo on behalf of Japan, they're going to be buying all of that corn." :lol

https://images.dailykos.com/images/711671/large/Table-1.-Corn-Consumption-Trends-1.jpg?1566860220

As the table above shows

China’s domestic consumption of corn, in 2016, stood at 231 Million Metric Tons while

Japan consumed a rather paltry 15 MMTs.
And Japan’s consumption of corn is actually trending down.

As always, every freaking word that proceeded out of loudmouth’s corn-hole above was a lie.

China is not a market that can be replaced.

https://www.dailykos.com/stories/2019/8/26/1881544/-Trump-Said-Japan-was-Going-to-be-Buying-All-of-That-Corn-That-China-Isn-t-Here-are-the-Facts?detail=emaildkre (https://www.dailykos.com/stories/2019/8/26/1881544/-Trump-Said-Japan-was-Going-to-be-Buying-All-of-That-Corn-That-China-Isn-t-Here-are-the-Facts?detail=emaildkre)

[Thread]

Trump Said Japan is"Going to be Buying All of That Corn" That China Isn't. Here are the Facts. (https://www.dailykos.com/stories/2019/8/26/1881544/-Trump-Said-Japan-was-Going-to-be-Buying-All-of-That-Corn-That-China-Isn-t-Here-are-the-Facts)

https://images.dailykos.com/images/711669/story_image/by-David-Rhodes.jpg?1566859537

We have excess corn in various parts of our country with our farmers because

China did not do what they said they were going to do. :lol

And Prime Minister Abe Shinzo on behalf of Japan, they're going to be buying all of that corn." :lol

https://images.dailykos.com/images/711671/large/Table-1.-Corn-Consumption-Trends-1.jpg?1566860220

As the table above shows

China’s domestic consumption of corn, in 2016, stood at 231 Million Metric Tons while

Japan consumed a rather paltry 15 MMTs.
And Japan’s consumption of corn is actually trending down.

As always, every freaking word that proceeded out of loudmouth’s corn-hole above was a lie.

China is not a market that can be replaced.

https://www.dailykos.com/stories/2019/8/26/1881544/-Trump-Said-Japan-was-Going-to-be-Buying-All-of-That-Corn-That-China-Isn-t-Here-are-the-Facts?detail=emaildkre (https://www.dailykos.com/stories/2019/8/26/1881544/-Trump-Said-Japan-was-Going-to-be-Buying-All-of-That-Corn-That-China-Isn-t-Here-are-the-Facts?detail=emaildkre)

The old man called Hussein a "disgrace."

ha, ha.

[boutons_deux]

Trump is lying to farmers’ faces, and they’re finally getting angry about it

One of the worst habits among the D.C. commentariat is the tendency to treat President Trump’s lies as if they possess magical qualities. We are constantly told that Trump’s lying “works,” a claim that rests on the idea (https://twitter.com/davidaxelrod/status/1165945753560391680) that no matter what Trump says, his supporters will believe him.

It’s true that Trump supporters generally accept what he tells them. But the reverence accorded to Trump’s powers of deception sometimes seems to imply they have an almost paranormal quality. And this takes things way too far.

Case in point: American farmers. There are indications that they are now getting genuinely angry over Trump’s efforts to gaslight them so shamelessly over the impact of his trade war with China.

The New York Times has a good report that fleshes out the damage (https://www.nytimes.com/2019/08/27/us/politics/trump-farmers-china-trade.html) that farmers are sustaining right now — and their reaction to it. China’s retaliatory tariffs are closing off the biggest export market in the world — leading to a massive drop in exports of soybeans, pork, wheat and other agricultural products.


The administration has rolled out billions and billions (https://www.nytimes.com/2019/05/23/us/politics/farm-aid-package.html?module=inline) of dollars in aid to farmers.

But farm loan delinquencies and bankruptcies are rising (https://www.fb.org/market-intel/farm-loan-delinquencies-and-bankruptcies-are-rising), and

the ripple effects are spreading,

with one major manufacturer of agricultural equipment cutting its profit outlook this month (https://www.nytimes.com/aponline/2019/08/16/business/ap-us-earns-deere.html?module=inline).

And Trump’s trade war is only escalating: Trump has increased tariffs on Chinese products (https://www.washingtonpost.com/business/2019/08/23/china-hits-us-with-tariffs-billion-worth-goods-reinstates-auto-levies-state-media-report/?tid=lk_inline_manual_9) yet again, and

China slapped new tariffs (https://www.washingtonpost.com/business/2019/08/23/china-hits-us-with-tariffs-billion-worth-goods-reinstates-auto-levies-state-media-report/?tid=lk_inline_manual_9) on $75 billion in U.S. exports. As the Times puts it, “farmers are beginning to panic.”

farmers’ representatives are growing angry about what Trump is telling them about all this.

Trump frequently makes such claims as (https://twitter.com/realdonaldtrump/status/1153634372442107904) “farmers are starting to do great again.”
That’s a lie.

But don’t take my word for it.

The New York Times reports that the head of a major farm group forcefully challenged that claim at a recent gathering with Trump’s agriculture secretary, Sonny Perdue:

https://beta.washingtonpost.com/opinions/2019/08/27/trump-is-lying-farmers-faces-theyre-finally-getting-angry-about-it/?noredirect=on&wpisrc=nl_most&wpmm=1 (https://beta.washingtonpost.com/opinions/2019/08/27/trump-is-lying-farmers-faces-theyre-finally-getting-angry-about-it/?noredirect=on&wpisrc=nl_most&wpmm=1)

[SnakeBoy]

https://twitter.com/SaraCarterDC/status/1165956546678939648?s=19


:)

China clamps down on capital flight risk as yuan weakens
https://www.fxstreet.com/news/china-clamps-down-on-capital-flight-risk-as-yuan-weakens-asian-review-201908291948

China realizing they can't make to 2021 in hopes of a Democratic patsy in the WH

Big Dog playing 3D chess for 2020

China capitulates to Trump - in progress
Fed capitulates to Trump - in progress

Meanwhile the left is arguing tariffs are a tax on corporations which gets passed on to consumers which hurts the economy therefore we should elect them so they can raise taxes on corporations.

[Spurminator]

China clamps down on capital flight risk as yuan weakens
https://www.fxstreet.com/news/china-clamps-down-on-capital-flight-risk-as-yuan-weakens-asian-review-201908291948

China realizing they can't make to 2021 in hopes of a Democratic patsy in the WH

Big Dog playing 3D chess for 2020

China capitulates to Trump - in progress
Fed capitulates to Trump - in progress

Meanwhile the left is arguing tariffs are a tax on corporations which gets passed on to consumers which hurts the economy therefore we should elect them so they can raise taxes on corporations.

SnakeBoy going derp to own the libs.

[Thread]

China clamps down on capital flight risk as yuan weakens
https://www.fxstreet.com/news/china-clamps-down-on-capital-flight-risk-as-yuan-weakens-asian-review-201908291948

China realizing they can't make to 2021 in hopes of a Democratic patsy in the WH

Big Dog playing 3D chess for 2020

China capitulates to Trump - in progress
Fed capitulates to Trump - in progress

Meanwhile the left is arguing tariffs are a tax on corporations which gets passed on to consumers which hurts the economy therefore we should elect them so they can raise taxes on corporations.

Tell it, Snake. Testify!!!

[boutons_deux]

Has President Trump's trade war cost China three million jobs? :lol LIAR

Claim: President Trump says three million jobs have been lost in China as a consequence of the trade war with the United States.

Verdict: While estimates for China's employment vary widely, they do not generally support Mr Trump's claim. When asked, the White House directed us to a survey that gave a lower figure.

Job losses in manufacturing have been part of a longer-term trend

as China moves towards a more service-based economy with the creation of jobs in finance and technology, and this transition began even before the trade war started.

So, losses in the industrial sector need to be balanced against gains elsewhere across the economy.
China's manufacturing sector also faces pressure from countries in the region with cheaper labour costs.

The Chinese government has also given a particular emphasis to increasing employment in urban areas.

"Urban services have absorbed much of the labour from closed factories.

There is also reverse migration going from coastal provinces to their origin provinces like Anhui, Sichuan and Henan, where local industries are growing,"

https://www.bbc.com/news/world-asia-49441689

simpleton Trash lying to his simpleton supporters

[Spurminator]

Is three million just a magic bullshit number for this clown?

[Chris]

China clamps down on capital flight risk as yuan weakens
https://www.fxstreet.com/news/china-clamps-down-on-capital-flight-risk-as-yuan-weakens-asian-review-201908291948

China realizing they can't make to 2021 in hopes of a Democratic patsy in the WH

Big Dog playing 3D chess for 2020

China capitulates to Trump - in progress
Fed capitulates to Trump - in progress

Meanwhile the left is arguing tariffs are a tax on corporations which gets passed on to consumers which hurts the economy therefore we should elect them so they can raise taxes on corporations.

well said :bobo Spurms went to namecalling quick on that one.

[boutons_deux]

AIDES ADMIT TRUMP WAS FAKING THOSE “PHONE CALLS” WITH CHINA

The president was reportedly “eager to project optimism that might boost markets,” which should hearten the Chinese.

https://www.vanityfair.com/news/2019/08/donald-trump-china-call-fake?mbid=nl_th_5d6862de7879ee000816bb10&CNDID=43758549&utm_source=nl&utm_brand=vf&utm_mailing=VF_Hive_83019&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&hasha=992d608214b505003aa04bf10a595031&hashb=542eb31d958e85ddd5a4c3ccf3faae18526a77bd&hashc=54b3612ab970ce13a64a16665b1987080ca5b72e2ee7 62b722fbba6ab378f2f5&esrc=bounceX&utm_campaign=VF_Hive_83019&utm_term=VYF_Hive (https://www.vanityfair.com/news/2019/08/donald-trump-china-call-fake?mbid=nl_th_5d6862de7879ee000816bb10&CNDID=43758549&utm_source=nl&utm_brand=vf&utm_mailing=VF_Hive_83019&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&hasha=992d608214b505003aa04bf10a595031&hashb=542eb31d958e85ddd5a4c3ccf3faae18526a77bd&hashc=54b3612ab970ce13a64a16665b1987080ca5b72e2ee7 62b722fbba6ab378f2f5&esrc=bounceX&utm_campaign=VF_Hive_83019&utm_term=VYF_Hive)

Faking? :lol Trash was L Y I N G

[boutons_deux]

‘It’s all starting to unravel’:

Trump’s trade war debacle has Wall Street and farmers turning on him

Donald Trump is

rapidly losing the support of businesses and business-friendly chambers of commerce

over his trade policies, which could doom his 2020 re-election prospects.

his trade disagreements with China that have

roiled markets,

hurt manufacturing and

created chaos for America’s farmers

Trump is also crippling his plan to return to the Oval Office after 2020.

Calling what Trump is doing, “economic self-immolation,” Robinson added,

“He’s clearly hurting the U.S. economy and China’s economy and to what end?”


“The self-proclaimed artist of the deal has given his adversaries enormous power of Donald Trump’s own political future,” he added.

worried the president will make a terrible deal in order to just do something.

“People are worried he’s going to cut a bad deal just to get himself out of this situation, to get the headlines out,”

it’s a disaster for manufacturers and farmers of this country,” she added.

“The chambers of commerce and business groups are not happy with this trade war.

Nor are they happy with the president’s immigration policies because they also need workers. ”

https://www.rawstory.com/2019/08/its-all-starting-to-unravel-trumps-trade-war-debacle-has-wall-street-and-farmers-turning-on-him/?utm_source=&utm_medium=email&utm_campaign=1303 (https://www.rawstory.com/2019/08/its-all-starting-to-unravel-trumps-trade-war-debacle-has-wall-street-and-farmers-turning-on-him/?utm_source=&utm_medium=email&utm_campaign=1303)

[dabom6]

AIDES ADMIT TRUMP WAS FAKING THOSE “PHONE CALLS” WITH CHINA

The president was reportedly “eager to project optimism that might boost markets,” which should hearten the Chinese.

https://www.vanityfair.com/news/2019/08/donald-trump-china-call-fake?mbid=nl_th_5d6862de7879ee000816bb10&CNDID=43758549&utm_source=nl&utm_brand=vf&utm_mailing=VF_Hive_83019&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&hasha=992d608214b505003aa04bf10a595031&hashb=542eb31d958e85ddd5a4c3ccf3faae18526a77bd&hashc=54b3612ab970ce13a64a16665b1987080ca5b72e2ee7 62b722fbba6ab378f2f5&esrc=bounceX&utm_campaign=VF_Hive_83019&utm_term=VYF_Hive (https://www.vanityfair.com/news/2019/08/donald-trump-china-call-fake?mbid=nl_th_5d6862de7879ee000816bb10&CNDID=43758549&utm_source=nl&utm_brand=vf&utm_mailing=VF_Hive_83019&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&hasha=992d608214b505003aa04bf10a595031&hashb=542eb31d958e85ddd5a4c3ccf3faae18526a77bd&hashc=54b3612ab970ce13a64a16665b1987080ca5b72e2ee7 62b722fbba6ab378f2f5&esrc=bounceX&utm_campaign=VF_Hive_83019&utm_term=VYF_Hive)

Faking? :lol Trash was L Y I N G




Chrissy girl. :lol

[Chris]

Chrissy girl. :lol

Don't @ me faggot.

[dabom6]

Don't @ me faggot.

Giving me an order, faggot. :lmao :lmao

[Chris]

vanity fair :lol
"reportedly" :lol
wasting time on boot's shitty articles :lol

[boutons_deux]

Trump blames companies impacted by his trade war

President Donald Trump on Friday appeared to accuse companies of falsely claiming that they've been hurt by his escalating trade war with China, instead

saying they're mismanaging their businesses. :lol

“Imposing tariffs in September on the majority of all footwear products from China —

including nearly every type of leather shoe —

will make it impossible for hardworking American individuals and families to escape the harm that comes from these tax increases,”

“This uncertainty the China trade war has brought to our industry is stifling U.S. growth and halting capital investment in jobs, infrastructure, technologies, and more competitive pricing for our customers.”

https://www.politico.com/story/2019/08/30/donald-trump-china-trade-war-1479012 (https://www.politico.com/story/2019/08/30/donald-trump-china-trade-war-1479012)

[boutons_deux]

Retailers howl as U.S. trade agency locks in 15% tariffs on September 1

hundreds of U.S. retail, footwear, toy and technology companies to warn of price hikes.

This initial tranche includes smartwatches, Bluetooth headphones, flat panel televisions and many types of footwear.

U.S. Customs and Border Protection will also start collecting a 15% tariff on Dec. 15 on the remainder of the $300 billion list, including cellphones, laptop computers, toys and clothing

More than 200 U.S. footwear companies on Wednesday said the added 15% duties on shoes would come on top of tariffs that already average 11% and reach 67% on some shoes, boosting costs for consumers by $4 billion every year.

More than 160 other business groups, including the National Retail Federation, Retail Industry Leaders Association and Association of Equipment Manufacturers, also urged Trump to postpone the tariffs, warning they would hit Americans in the middle of the busy holiday shopping season.

https://www.reuters.com/article/us-usa-trade-china-tariffs/retailers-howl-as-u-s-trade-agency-locks-in-15-tariffs-on-sept-1-idUSKCN1VI1PG?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/retailers-howl-as-u-s-trade-agency-locks-in-15-tariffs-on-sept-1-idUSKCN1VI1PG?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]

Trump’s Trade War Raised Taxes By $30 Billion

Trump’s trade war is going to cost American taxpayers an additional $30 billion taxes a year, according to a new analysis (https://www.cbo.gov/publication/55580) released Thursday by the nonpartisan Congressional Budget Office (CBO).

“CBO estimates that all tariffs enacted under Trump are raising taxes by about $30 billion annually ($315B 2020-2029),” noted (https://twitter.com/econwonk/status/1167172866468667396) Zach Moller, deputy director of Third Way’s Economic Program.

“This would rise to about $45 billion a year if announced tariffs go into effect.”

The trade war tax hike would add to Trump’s already weak record on taxes.

Trump has claimed that the tax cut enacted by him and congressional Republicans in 2017 would be “rocket fuel” for the economy, but instead economic growth slowed (https://shareblue.com/trump-gop-tax-bill-economy-slows-down/).

Farmers have been filing bankruptcies at a record rate (https://shareblue.com/trump-trade-war-farmer-bankruptcy-record/) as Trump’s tariffs have kept them out of the global marketplace.

The government has now paid more than $1 million in interest to those farmers who haven’t received their payments on time.

Even when those payments are made, they will not make up for the shortfall from the trade war,

Trump (https://shareblue.com/trump-is-out-of-control-on-china-and-its-hurting-american-businesses/) and his Republican allies continue to insist (https://shareblue.com/lindsey-graham-shrugs-off-concerns-about-trade-war-layoffs-in-his-own-state/) they are

dug in for the long haul, no matter the harm. :lol multi-millionaire Trash and Repugs
https://www.nationalmemo.com/trumps-trade-war-raised-taxes-by-30-billion/?cn-reloaded=1 (https://www.nationalmemo.com/trumps-trade-war-raised-taxes-by-30-billion/?cn-reloaded=1)

US can't stop China's rise as China continues to dominate the 21st China, pitting mythical "free market" capitalism against state-managed economy.

[boutons_deux]

As Trump Escalates Trade War, U.S. and China Move Further Apart With No End in Sight

President Trump’s trade war with China entered new territory on Sunday as his next round of tariffs took effect, changing the rules of trade in ways that have no recent historic precedent and driving the world’s two largest economies further apart.

American tariffs on foreign goods had already climbed higher than any time since the 1960s before Sunday, when the United States imposed a new 15 percent tariff.

The move will bring average tariffs on Chinese imports to 21.2 percent, up from only 3.1 percent

China has responded by raising barriers to American companies and their products, while easing them for other nations.

American companies that once believed the trade war would blow over are now scrambling to limit their exposure to China, in some cases shifting production to other countries, like Vietnam, to avoid tariffs that will soon reach as much as 30 percent.

after months of stalled negotiations and China’s refusal to give in to America’s demands,

his strategy has taken a more punitive turn.

Mr. Trump, who has emphasized his view of the two countries as economic enemies and geopolitical rivals since his presidential campaign,

has more recently advocated a rapid “decoupling” between nations that have become economically dependent on each other over the past two decades.

https://www.nytimes.com/2019/09/01/world/asia/trump-trade-war-china.html?emc=rss&partner=rss# (https://www.nytimes.com/2019/09/01/world/asia/trump-trade-war-china.html?emc=rss&partner=rss#)

China is too big, too tightly managed by the govt, and is unstoppable.

Trash can't bully China, who can hit back 10 times harder and sell their stuff everywhere else.

Fake Macho Man is getting his fat ass, and his reelection fantasy, masochistically beaten down.

[boutons_deux]

Trump’s trade mayhem hurts the working-class people he claims to love

Truck drivers, railway workers and other blue-collar workers are bearing the brunt of his trade policies

The poorly educated are about to learn just how little Donald Trump loves them.

His gratuitous trade mayhem is damaging the global economy.

That means workers in jobs requiring no more than a high school diploma may soon get let go from jobs moving goods.

Longshoremen, railroad workers, teamsters, the lumpers who load trailers, warehouse workers, and retail clerks are all at risk of being forced into unemployment.

Will these millions of workers grasp that Trump is abusing them to satisfy his whims?

Or will they react more like battered spouses who keep returning for more abuse because they cannot see the harsh reality of their situation?

During the 2016 primary races, Trump declared “I love the poorly educated.” :lol self-love!

At rally after rally he used the word “love” to sell the idea that

he would champion what he later called the “forgotten man.” :lol

Team Trump’s actions worsen the safety, health and long term financial interests of workers, while being a lucrative boon to polluters and financial predators.

https://www.salon.com/2019/09/01/trumps-trade-mayhem-hurts-the-working-class-people-he-claims-to-love_partner/ (https://www.salon.com/2019/09/01/trumps-trade-mayhem-hurts-the-working-class-people-he-claims-to-love_partner/)

[boutons_deux]

Here’s how much you’re paying for Trump’s trade war

“All told, more than two-thirds of the consumer goods the United States imports from China now face higher taxes. The administration had largely avoided hitting consumer items in its earlier rounds of tariff increases.”

the average cost that will be passed on to American consumers will be around $1,000 annually for each household.

each family will spend over $460 on average for each family. An average doesn’t take into account families that purchase large and expensive products like cars or electronics,

“Across the income spectrum, the tariffs may cost up to $970 for America’s wealthiest households and as low as $340 for its poorest. These estimates include tariffs enacted so far as well as proposed increases for later this year,”

This does not take into account the president’s 25 percent tax increase on a different group of $250 billion of Chinese imports that are scheduled to increase to 30 percent on Oct. 1.

There’s also an additional increase that will occur on Dec. 15.

Trump told the public that he didn’t want his tariffs to hurt “Black Friday” and other holiday-related spending. :lol

If Trump’s tariffs weren’t being paid for by Americans,

it’s unclear why he would need to hold off his tariffs until after the holiday shopping season. :lol

https://www.rawstory.com/2019/09/heres-how-much-youre-paying-for-trumps-trade-war/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2019/09/heres-how-much-youre-paying-for-trumps-trade-war/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)

[boutons_deux]

Donald Trump hardens his tone on China — despite his trade war rattling US economy

President Donald Trump on Tuesday sent stern warnings to China, urging the Pacific power not to drag its feet in trade negotiations.

“While I am sure they would love to be dealing with a new administration… 16 months PLUS is a long time to be hemorrhaging jobs and companies,” Trump said, :lol

“And then, think what happens to China when I win. :lol Deal would get MUCH TOUGHER!” :lol

the US manufacturing sector — which Trump has long championed — had contracted last month for the first time in three years.

https://www.rawstory.com/2019/09/donald-trump-hardens-his-tone-on-china-despite-his-trade-war-rattling-us-economy/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2019/09/donald-trump-hardens-his-tone-on-china-despite-his-trade-war-rattling-us-economy/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)

[boutons_deux]

Poll: Voters want US to confront China over trade

More than two-thirds of American voters want the U.S. to confront Beijing over its trade policies despite believing that they are suffering more from tariffs than China,

The poll showed 63 percent of registered voters said that tariffs imposed on Chinese products ultimately hurt the U.S. more than China,

while 74 percent said that American consumers are shouldering most of the burden of those tariffs.

But 67 percent said that it is necessary to confront China over its trade practices,

Fifty-three percent said that they do not think Trump will be able to sign a trade deal before Election Day in 2020,

while 47 percent said they believe he will get it done, :lol Get WTF "done", what deal, terms? :lol

most U.S. voters think a Democratic president would be either more effective or just as effective as Trump

https://thehill.com/policy/finance/459746-poll-voters-want-us-to-confront-china-over-trade (https://thehill.com/policy/finance/459746-poll-voters-want-us-to-confront-china-over-trade)

What is Trash asking China for? :lol

[boutons_deux]

Trump’s Trade War Hits Sporting Goods

Karsh owns California Pro Sports in Harbor City, California, where invoices for big customers now include a caveat:

Prices are up due to the Trump administration’s tariffs on Chinese imports, and they could rise further on short notice.

“We have to explain to our customers that the trade war affects them as it does us,” Karsh said.

“We can pass on pretty much everything to the consumer. The problem is, now they will shop lower-quality items. Some understand, and other people don’t.”

duties set to kick in soon will affect all manner of sports equipment that hasn’t been made in America for decades,

baseball enthusiasts are perhaps affected most because so many items are needed to play the game.

Baseball caps were hit first (https://www.americanheadwearalliance.com/) by the third round of China tariffs that went into effect at 10 percent last September and rose to 25 percent in January, on top of the 7.5 percent base tariff. Those added about a dollar to the cost of a hat, Karsh said. Trump’s tariff will rise to 30 percent in October, bringing the total to 37.5, and possibly causing another price increase.

Retail prices for metal bats have already risen $5 to $10 each

Since the sporting goods industry has become so dominated by Chinese imports, teams have little ability to shop around.

“Baseball is struggling. The expense of playing the game has gone up sky high,”

“It’s a tax on top of a tax. They’re discouraging people from playing the game of baseball.”

https://www.nationalmemo.com/trumps-trade-war-hits-sporting-goods/?cn-reloaded=1 (https://www.nationalmemo.com/trumps-trade-war-hits-sporting-goods/?cn-reloaded=1)

[boutons_deux]

Recession Hits US Manufacturing Sector In Trade War

U.S. factories are struggling so badly that the manufacturing sector is officially in a recession

It’s thanks in large part to Trump’s trade war with China.

shrinking orders, production, and hiring in the manufacturing industry, hitting a three-year low.

The news follows worrisome data from August showing new manufacturing orders and exports hit a 10-year low (https://shareblue.com/manufacturing-slow-despite-trump-claim-restoring-glory/).

“In our view, a continued decline … will be hard to spin as anything but a manufacturing recession,”

And whatever costs those companies don’t absorb, they pass along to buyers, meaning the tariffs are nothing more than a tax on American consumers,

China has stopped buying U.S. agricultural products, pushing American farmers into bankruptcy (https://shareblue.com/midwest-farm-bankruptcies-up-45-percent-trump-trade-war-china/) at record rates.

“Trade tensions have pushed corporate confidence and global growth to multi-year lows,”

“manufacturing is likely to have again acted as a significant drag on the economy in the third quarter,”

Trump vowed (https://www.whitehouse.gov/briefings-statements/remarks-president-trump-american-energy-manufacturing-monaco-pa/) to restore “the glory of American manufacturing.” :lol

But that’s not what is happening. Instead, the American manufacturing sector is experiencing a recession.

https://www.nationalmemo.com/recession-hits-us-manufacturing-sector-in-trade-war/?cn-reloaded=1 (https://www.nationalmemo.com/recession-hits-us-manufacturing-sector-in-trade-war/?cn-reloaded=1)

[dabom6]

Recession Hits US Manufacturing Sector In Trade War

U.S. factories are struggling so badly that the manufacturing sector is officially in a recession

It’s thanks in large part to Trump’s trade war with China.

shrinking orders, production, and hiring in the manufacturing industry, hitting a three-year low.

The news follows worrisome data from August showing new manufacturing orders and exports hit a 10-year low (https://shareblue.com/manufacturing-slow-despite-trump-claim-restoring-glory/).

“In our view, a continued decline … will be hard to spin as anything but a manufacturing recession,”

And whatever costs those companies don’t absorb, they pass along to buyers, meaning the tariffs are nothing more than a tax on American consumers,

China has stopped buying U.S. agricultural products, pushing American farmers into bankruptcy (https://shareblue.com/midwest-farm-bankruptcies-up-45-percent-trump-trade-war-china/) at record rates.

“Trade tensions have pushed corporate confidence and global growth to multi-year lows,”

“manufacturing is likely to have again acted as a significant drag on the economy in the third quarter,”

Trump vowed (https://www.whitehouse.gov/briefings-statements/remarks-president-trump-american-energy-manufacturing-monaco-pa/) to restore “the glory of American manufacturing.” :lol

But that’s not what is happening. Instead, the American manufacturing sector is experiencing a recession.

https://www.nationalmemo.com/recession-hits-us-manufacturing-sector-in-trade-war/?cn-reloaded=1 (https://www.nationalmemo.com/recession-hits-us-manufacturing-sector-in-trade-war/?cn-reloaded=1)

The last bit about the farmers. :lol

[boutons_deux]

Irate at China, Trump had to be talked off his crazy ledge by advisers and 'multiple CEOs' (https://www.dailykos.com/stories/2019/9/3/1883261/-CNBC-Irate-at-China-Trump-had-to-be-talked-off-his-crazy-ledge-by-advisers-and-multiple-CEOs)

Donald Trump was reportedly so enraged at China after the country announced $75 billion in tariffs on U.S. goods back in August that he wanted to double existing tariffs on the country.

He also appears to have been surprised by China’s move,

despite having personally precipitated the perpetual pud-punching contest that has seen China respond in kind every damn time.

CNBC: (https://www.cnbc.com/2019/09/03/trump-wanted-to-double-china-trade-tariffs-after-latest-retaliation.html)


Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer then

enlisted multiple CEOs to call the president and

warn him about the impact such a move would have on the stock market and the economy.

He settled on a 5% hike in tariff rates on about $550 billion in Chinese products, which he announced in an Aug. 23 tweet after the market close.


Needless to say,

the trade war isn’t working out as planned.

And that might be because

Trump still seems shocked every time China raises tariffs in response to our pointless tariffs.

I mean, who could have ever anticipated that?

I thought we’d just hold China down while we gave them a vigorous pink belly.

But, no. Trump appears to have singlehandedly stalled the global economy because — and I can’t stress this enough —

HE DOESN’T KNOW WHAT THE FUCK HE’S DOING.

And will he see the devastation he’s wrought and relent,

knowing that further escalation of our trade war will only make things worse

for our economy and everyone else’s?

If you believe that, you don’t know Donald Trump.


Donald J. Trump
(https://twitter.com/realDonaldTrump)✔@realDonaldTrump
(https://twitter.com/realDonaldTrump)
(https://twitter.com/realDonaldTrump)....And then, think what happens to China when I win.

Deal would get MUCH TOUGHER!

In the meantime, China’s Supply Chain will crumble and businesses, jobs and money will be gone!

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

If you re-elect Donald Trump, he’s going to take this smoldering garbage fire of an economic policy and douse it with kerosene.

What could possibly go wrong? Yeah, more of this brilliant tactic. Please!

https://www.dailykos.com/stories/2019/9/3/1883261/-CNBC-Irate-at-China-Trump-had-to-be-talked-off-his-crazy-ledge-by-advisers-and-multiple-CEOs?detail=emaildkre

[Winehole23]

Trump's tariff war will have cost the US hundreds of billions in lost economic output by early next year, according to the Federal Reserve.

https://www.reuters.com/article/us-usa-fed-trade/trade-uncertainty-to-trim-850-billion-global-output-fed-paper-idUSKCN1VQ2KH

[boutons_deux]

Trump's tariff war will have cost the US hundreds of billions in lost economic output by early next year, according to the Federal Reserve.

https://www.reuters.com/article/us-usa-fed-trade/trade-uncertainty-to-trim-850-billion-global-output-fed-paper-idUSKCN1VQ2KH

Can anybody find what Trash wants the Chinese to do?

Stocks jump on trade war meeting announced, but nobody expects any progress.

[boutons_deux]

Trump’s trade war is a disaster — and the numbers prove it: WSJ editorial board

blasted (https://www.wsj.com/articles/the-trade-uncertainty-principle-11567810888?mod=hp_opin_pos_1) President Donald Trump for kneecapping the U.S. economy with an open-ended, sweeping trade war — and warned that the “trade uncertainty principle” is wiping out the economic gains of the previous few years.

“President Trump tweeted Friday that ‘The Economy is great. The only thing adding to ‘uncertainty’ is the Fake News!’ Sorry, sir.

The economy is fair to good, but it’s no longer as great as it was last year, and a major reason is the uncertainty caused by Mr. Trump’s trade policy,” wrote the board.

“Friday’s labor-market report for August shows that job creation in the goods-producing economy has slowed to a trickle,”

manufacturing produced a mere 3,000, after only 4,000 in July.

This reflects declining demand for U.S. goods around the world due to slower growth abroad

caused in part by Mr. Trump’s protectionist shock to the global trading system.”

new Federal Reserve data supports the idea that protectionism is causing major pain.

“The economists did a statistical analysis of newspaper articles and earnings-call transcripts to measure what they call ‘trade policy uncertainty,’ or TPU.

They then used that and other data to estimate the impact of TPU on economic growth and industrial production in the U.S. and the world,”

“‘We find that the rise in TPU in the first half of 2018 accounts for

a decline in the level of global GDP of about 0.8 percent by the first half of 2019,’

That damage would be diminishing now if trade tension had abated

https://www.rawstory.com/2019/09/trumps-trade-war-is-a-disaster-and-the-numbers-prove-it-wsj-editorial-board/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2019/09/trumps-trade-war-is-a-disaster-and-the-numbers-prove-it-wsj-editorial-board/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)

https://www.wsj.com/articles/the-trade-uncertainty-principle-11567810888?mod=hp_opin_pos_1 (https://www.wsj.com/articles/the-trade-uncertainty-principle-11567810888?mod=hp_opin_pos_1)


Trash and his sycophantic mafiya are the ONLY supporters of his silly, destructive trade war without end.

WTF does Trash want China to do?

Should be a very good football/Christmas TV selling season for Taiwan and S Korea.

[boutons_deux]

Trump is losing much more than just a trade war — he’s losing America’s future

China is using Trump’s gratuitous trade war to expand its economic, diplomatic and military influence.

And it is succeeding, diminishing America’s influence, especially in the Western Pacific and India.

The long-term cost to America in lost opportunities and ultimately diminished economic growth will be catastrophic.

China can reduce its reliance on America, which takes only one-fifth of its exports.

The drop in the value of the yuan makes Chinese goods less expensive for Americans while imports from the United States will cost the Chinese more, encouraging a shift to suppliers from other nations.

Trump’s erratic behavior needlessly injects uncertainty into business decisions, while

the Chinese communists promote their stable leadership and long-term perspective to build strong commercial alliances.

The simple truth is that China no longer needs America (https://www.wsj.com/articles/china-finds-it-can-live-without-the-u-s-11567551458) to buy its goods.

The calculating and highly educated communist dictators in Beijing are lowering trade barriers, cutting tariffs with other countries and strengthening their 16 existing trade alliances.

Americans must endure crazed rants from a know-nothing leader who makes up claims that China bears the burden of tariffs when in fact the tariffs are a tax on American consumers.

America Crumbles While China Builds

While American passenger rails are slower than during the Civil War (https://twitter.com/DavidCayJ/status/1166030742423527426), China’s official news agency brags about the expansion of its 18,000-mile network of high-speed rails (http://www.xinhuanet.com/english/2019-01/03/c_137715444.htm)

America Falls to No. 2

China is already the world’s largest economy, one-fifth larger than the United States (https://data.worldbank.org/indicator/ny.gdp.mktp.pp.cd?view=map) when measured on a Purchasing Power Parity basis


Trump promised to rebuild America’s crumbling infrastructure.

Trump’s failure to produce anything on this front makes our economy less efficient.

Bond investors can double their income by selling the U.S. 10-year bond and then buying 10-year Chinese bonds.

The 10-year Chinese government bond (https://www.marketwatch.com/investing/bond/ambmkrm-10y?countrycode=bx) was yielding 3.1% last week, more than double the 1.5% return on the 10-year United States bond (https://www.bloomberg.com/markets/rates-bonds/government-bonds/us).

While Trump ran for office claiming he would rev up the economy,

pay off the national debt in eight years and would negotiate such great deals that Americans would get tired of winning so much, none of that has happened.

Indeed, the annual budget deficit (https://www.cbo.gov/topics/budget) is now nearly $1 trillion a year and will stay that way for a decade under current policy.

Under Trump, real Gross Domestic Product growth (https://fred.stlouisfed.org/series/GDPC1) has averaged 1.2% per quarter, well below the 1.6% average since 1947.

Trump will continue his crazy-making behavior, like the Sharpie line across Alabama to justify a nonsense claim about Hurricane Dorian, but

what we should watch more closely is how he is, however unintentionally, helping China in its goal to become the dominant global power.

https://www.rawstory.com/2019/09/trump-is-losing-much-more-than-just-a-trade-war-hes-losing-americas-future/ (https://www.rawstory.com/2019/09/trump-is-losing-much-more-than-just-a-trade-war-hes-losing-americas-future/)

Trash is not alone. The entire Repug party, craven, bootlicking, ass kissing whores to the oligarchy, support Trash 100% and staffed his Exec with Christian Taliban and corporate hatchet men who are destroying govt and enshrining White Male Christian Nationalism.

[boutons_deux]

Trump proposes 100% tariff that would double the cost of European wine, cheese and olive oil

New frontier in "owning the libs": Doubling prices on European wine, cheese, olive oil and other gourmet products

The Trump administration has proposed a tariff of up to 100 percent on $25 billion of European products, including cheese, wine, meats, olive oil and pasta,

The newest front of Trump’s trade war is related to a years-long dispute (https://www.cnn.com/2019/04/09/business/us-eu-tariffs-airbus/index.html) between the U.S. and the European Union over subsidies for airplane manufacturers.

Retailers say that the tariffs would result in soaring prices that could cripple thousands of American businesses. Roughly 14,000 specialty food retailers and 20,000 other food retailers could be hit by the tariff,

"Products that we sell are already kind of expensive,” he explained. “For instance, Parmigiano Reggiano and Grana Padano. These are cheeses that sell between $15 and $20 a pound. Could I get $30 and $40 a pound for this cheese? It's going to be very difficult.”

https://www.salon.com/2019/09/10/trump-proposes-100-tariff-that-would-double-the-cost-of-european-wine-cheese-and-olive-oil/ (https://www.salon.com/2019/09/10/trump-proposes-100-tariff-that-would-double-the-cost-of-european-wine-cheese-and-olive-oil/)

[boutons_deux]

:lol Trash talks Macho Man vengeful asshole, then caves, repeatedly

Trump again delays his trade war escalation as fears of a recession grow


https://www.rawstory.com/2019/09/trump-again-delays-his-trade-war-escalation-as-fears-of-a-recession-grow/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29

what about Trash's 100% tariffs on European wine, cheese, meat? :lol

[boutons_deux]

Why should China do a deal? Trash keeps caving! :lol

China can hang on til 21 Jan 2021 when America flushes shitbag Trash down the toilet of history.

[boutons_deux]

Congress Is Bailing Out Trump’s Farm Bailout

The top Democrat on the House Agriculture Committee insists farmers need the money.

Democrats (https://www.huffpost.com/news/topic/democratic-party) are doing the Trump administration a favor that Republicans (https://www.huffpost.com/news/topic/republican-party) wouldn’t have done for Obama.

President Donald Trump (https://www.huffpost.com/news/topic/donald-trump) has given so much extra money to American farms harmed by his trade policy that the U.S. Department of Agriculture is nearing a legal limit.

, boosting the USDA’s borrowing authority so it can continue to pay farmers who are unable to sell soybeans and other crops to Chinese buyers because of the Trump trade war.

The broader funding bill could have been a point of leverage for Democrats battling the Trump administration for all manner of testimony and documents — but Democrats have declined to use it.

President Barack Obama used the same bailout authority in 2010,

sending $348 million to farmers hurt by heavy rains in Arkansas, Louisiana and Mississippi.

Republicans got mad. They accused Obama (http://www.washingtonpost.com/wp-dyn/content/article/2010/08/21/AR2010082102517.html)

of illegally trying to help struggling Sen. Blanche Lincoln (D-Ark.) win an election.

And then they imposed new restrictions (https://www.huffpost.com/entry/congress-aid-farmers-trump-obama_n_5b7713b8e4b018b93e93a59e) on the USDA’s ability

to use its so-called Commodity Credit Corporation authority ― restrictions that remained in place until 2018, when Trump needed help.

https://www.huffpost.com/entry/trump-farmer-bailout-democrats_n_5d83aa99e4b070d468c8ec4a?ncid=newsltus hpmgnews__TheMorningEmail__092019

[Winehole23]

Trump mulls capital controls, market is spooked:


Trump administration officials are discussing ways to limit U.S. investors’ portfolio flows into China in a move that would have repercussions for billions of dollars in investment pegged to major indexes, according to people familiar with the internal deliberations.https://www.bloomberg.com/news/articles/2019-09-27/white-house-weighs-limits-on-u-s-portfolio-flows-into-china-k12ahk4g

[boutons_deux]

Trash's booming economy, bringing steel back to USA

376 Steelworkers Just Got Tired of Winning (https://www.dailykos.com/stories/2019/10/1/1889220/-376-Steelworkers-Just-Got-Tired-of-Winning)

Bayou Steel announced this morning that it is shutting its La Place, Louisiana mill, leaving 376 actual American steelworkers abruptly unemployed with no explanation.

There is an explanation, of course, though you won’t hear it from the firm’s

private equity owners, Connecticut-based Black Diamond Capital Management.

everyone quoted in the piece blamed one thing: the president’s trade war.

"I am really surprised because it was a 'mini mill' and they are so much more efficient than other mills,"

Ricchiuti said, explaining that they take in old cars, refrigerators and the like, melt them down and turn the metal into "long products."

Also, he said, because the plant was on the Mississippi River, it was able to receive scrap metal from cheap sources, like the Caribbean, in the most cost-effective way.“

“I think the tariffs just killed them," he said.

"And if they threw in the towel, there have to be a lot of traditional steel mills out there where they're thinking the same thing in the executive boardrooms."

https://www.dailykos.com/stories/2019/10/1/1889220/-376-Steelworkers-Just-Got-Tired-of-Winning?detail=emaildkre

[boutons_deux]

Key manufacturing index drops to lowest level since Great Recession, stocks swoon (https://www.dailykos.com/stories/2019/10/1/1889365/-Key-manufacturing-index-drops-to-lowest-level-since-Great-Recession-stocks-swoon)

https://www.dailykos.com/stories/2019/10/1/1889365/-Key-manufacturing-index-drops-to-lowest-level-since-Great-Recession-stocks-swoon?detail=emaildkre (https://www.dailykos.com/stories/2019/10/1/1889365/-Key-manufacturing-index-drops-to-lowest-level-since-Great-Recession-stocks-swoon?detail=emaildkre)

It's Obama's fault

[RandomGuy]

Key manufacturing index drops to lowest level since Great Recession, stocks swoon (https://www.dailykos.com/stories/2019/10/1/1889365/-Key-manufacturing-index-drops-to-lowest-level-since-Great-Recession-stocks-swoon)

https://www.dailykos.com/stories/2019/10/1/1889365/-Key-manufacturing-index-drops-to-lowest-level-since-Great-Recession-stocks-swoon?detail=emaildkre (https://www.dailykos.com/stories/2019/10/1/1889365/-Key-manufacturing-index-drops-to-lowest-level-since-Great-Recession-stocks-swoon?detail=emaildkre)

It's Obama's fault



Couple the manufacturing data with the retail apocolypse... we are in for a doozy.

[vy65]

The survey from the Institute for Supply Management (ISM) on Tuesday came on the heels of data last week showing a cooling in consumer spending in August. The economy’s fading fortunes have been attributed to the Trump administration’s 15-month trade war with China, which has sapped business confidence and undermined manufacturing.

Ironically, manufacturing has borne the brunt of the trade tariffs, which the White House says are necessary to protect industries from what it says is unfair foreign competition. President Donald Trump blames the Federal Reserve, in particular Chair Jerome Powell, for the manufacturing sector’s malaise.

https://www.reuters.com/article/us-usa-economy/us-manufacturing-dives-to-10-year-low-as-trade-tensions-weigh-idUSKBN1WG47G

Who would've thought a totally unnecessary trade war would buttfuck the manufacturing sector? Only silver lining is that this directly harms rust belt trump supporters - too bad they're too fucking stupid or ideological to realize it.

[boutons_deux]

"Sales at Costco (COST (https://finance.yahoo.com/quote/COST?p=COST&.tsrc=fin-srch)) were up last quarter, but the rising cost of tariffs is taking a toll on the retailer. In-store sales were up 5% while online sales jumped 22%. The company's CFO said on the earnings call that Costco is trying to speed up certain shipments to avoid new tariffs."

"HP (HPQ (https://finance.yahoo.com/quote/HPQ?p=HPQ&.tsrc=fin-srch)) plans to cut 16% of the company's workforce. The personal computer and printer maker says it expects to drop 7,000 to 9,000 people from its global workforce of about 55,000 by 2020."

https://finance-yahoo-com.cdn.ampproject.org/c/s/finance.yahoo.com/amphtml/news/costcos-weak-quarter-hp-slashing-jobs-bp-getting-new-ceo-142955377.html

[boutons_deux]

U.S. importers stockpile Parmigiano, Provolone as tariffs on EU cheeses loom

The Trump administration on Wednesday slapped

25% tariffs on cheese and other European Union products ranging from whisky to woolens,

in retaliation for EU subsidies on large aircraft. Both sides say they are open to negotiations, but trade experts see little chance of averting
the duties - at least in the short run.

Importers began ordering millions of dollars of extra wheels of Parmigiano Reggiano and other harder cheeses after the U.S.

Trade Representative’s office in July added cheese to its list of EU products potentially facing tariffs due to the dispute over aircraft subsidies.

https://www.reuters.com/article/us-wto-aircraft-hoarding/u-s-importers-stockpile-parmigiano-provolone-as-tariffs-on-eu-cheeses-loom-idUSKCN1WK0BP?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-wto-aircraft-hoarding/u-s-importers-stockpile-parmigiano-provolone-as-tariffs-on-eu-cheeses-loom-idUSKCN1WK0BP?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]

Why the Manufacturing “Recession” Matters

America’s manufacturers are not well.

On Wednesday, a key measure of industrial activity—the Institute of Supply Management’s Purchasing Manager’s Index—

sank to its lowest level (https://www.vox.com/2019/10/2/20893767/manufacturing-contracting-trump-trade-war) since June of 2009 (when the Great Recession was just winding down) and

showed that the sector had been shrinking for two straight months.

The bad news continued with Friday’s jobs report, which showed that

manufacturers had shed 2,000 workers from their payrolls in September.

After growing through most of Donald Trump’s presidency, total employment in manufacturing has effectively flatlined.

it is clear that the country’s factories are in a bit of a slump,

which could have wider political and economic consequences.

After all, Donald Trump campaigned on a promise to bring American manufacturing back to life by getting tough on unfair competition from countries like Mexico and China.

But as writers like Paul Krugman (https://www.nytimes.com/2019/10/03/opinion/trump-economy.html?action=click&module=Opinion&pgtype=Homepage) have been quick to point out this week,

the president’s trade war has evidently backfired by driving up costs for U.S. manufacturers

that use imported goods in production while creating a massive amount of economic uncertainty that’s hurt domestic business investment.

The trade war has also contributed to a wider global slowdown (https://www.nytimes.com/2019/10/01/business/wto-global-trade.html?module=inline) that’s likely taking a bite out of U.S. factory (https://www.census.gov/foreign-trade/Press-Release/current_press_release/ft900.pdf?mod=article_inline)exports (https://www.wsj.com/articles/u-s-trade-gap-widened-in-august-11570192406).
https://slate.com/business/2019/10/manufacturing-recession-matters-factory-jobs-trade-war.html

Are We All SICK OF WINNING?

[Winehole23]

Incompetent policy compounds economic adversity, who would have guessed?

[boutons_deux]

US blacklists 28 Chinese companies and government agencies over Uighur repression

Xinjiang Police College and video surveillance company Hikvision among those blacklisted for implications in human rights violations

https://www.theguardian.com/world/2019/oct/08/us-blacklists-28-chinese-companies-and-government-agencies-over-uighur-repression (https://www.theguardian.com/world/2019/oct/08/us-blacklists-28-chinese-companies-and-government-agencies-over-uighur-repression)

US concentration camps OK!

but Chinese concentration camps bad

[boutons_deux]

Trump’s Trade War: a Report From the Front (https://www.counterpunch.org/2019/10/09/trumps-trade-war-a-report-from-the-front/)

in 2016, the last year of the Obama administration, the trade deficit was $518.8 billion, or 2.8 percent of GDP.

The trade deficit expanded in both 2017 and 2018, reaching $638.2 billion in 2018, or 3.1 percent of GDP.

It looks to come in slightly higher in 2019, with the deficit averaging $648.3 billion in the first half of 2019.

if Trump’s goal was to bring the trade deficit closer to balance,

he’s been going the wrong way in the first two and half years of his administration.

Starting with China, in the last year of the Obama administration,

the trade deficit (https://www.census.gov/foreign-trade/balance/c5700.html) in goods with China was $346.8 billion.[1] (http://cepr.net/blogs/beat-the-press/donald-trump-s-trade-war-report-from-the-front#_ftn1)

This had increased to $419.6 billion last year.

It looks like the trade deficit is coming down somewhat in 2019, with the deficit for the first eight months at $231.6 billion, compared to just over $260.0 billion last year.

Nonetheless, we are still likely to end up with a higher deficit with China in 2019 than we had in the last year of the Obama administration.

If Trump’s battle with China is not going well, he seems to be doing even worse with other trade combatants.

The trade deficit (https://www.census.gov/foreign-trade/balance/c2010.html) with Mexico was $63.3 billion in 2016. It hit $80.7 billion last year, and is virtually certain to come in even higher in 2019.

The trade deficit (https://www.census.gov/foreign-trade/balance/c0003.html) with the European Union $146.7 billion in 2016. It had risen to $168.7 billion last year and is on a path to come in $10-$15 billion higher in 2019.

The deficit (https://www.census.gov/foreign-trade/balance/c1220.html) with Canada rose from $11 billion in 2016 to $19.1 billion last year. It is likely to be roughly $1 billion higher in 2019.

the trade war doesn’t look like it is going well for Donald Trump, at least by his chosen measure of success.

If trade deficits mean other countries are ripping us off,

then they are ripping us off considerably more under Trump :lol :lol

than when Barack Obama was in the White House.

https://www.counterpunch.org/2019/10/09/trumps-trade-war-a-report-from-the-front/

[boutons_deux]

Port of Los Angeles September imports fall as trade war roils trade

The Port of Los Angeles, the busiest for ocean trade with China,

processed fewer containers of imported goods in September as

the prolonged U.S.-China trade war whipsaws global trade.

Imports fell 2.9% to 402,320 TEUs, or 20-foot equivalent units, in September - the first decline at the Port of Los Angeles since February. Exports dropped 11% to 130,769 TEUs - the 11th consecutive monthly fall.

TEU is a standardized maritime measurement for counting cargo containers.

The “U.S.-China trade war continues to wreak havoc on American exporters and manufacturers,”

https://www.reuters.com/article/us-usa-trade-imports/port-of-los-angeles-september-imports-fall-as-trade-war-roils-trade-idUSKBN1WP2YM?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-imports/port-of-los-angeles-september-imports-fall-as-trade-war-roils-trade-idUSKBN1WP2YM?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F +US+%2F+Top+News%29)

Trash For The Sickening Win

[boutons_deux]

U.S.-China tariffs drag global growth to lowest in a decade: IMF

The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned on Tuesday, but said output would rebound if their dueling tariffs were removed.

The IMF said its latest World Economic Outlook projections here (https://www.imf.org/en/Publications/WEO) show 2019 GDP growth at 3.0%, down from 3.2% in a July forecast, largely due to increasing fallout from global trade friction.

https://www.reuters.com/article/us-imf-economy-outlook/u-s-china-tariffs-drag-global-growth-to-lowest-in-a-decade-imf-idUSKBN1WU1TO?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-imf-economy-outlook/u-s-china-tariffs-drag-global-growth-to-lowest-in-a-decade-imf-idUSKBN1WU1TO?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]

US-China Mini-Trade Deal: Trump Takes the Money and Runs (https://www.counterpunch.org/2019/10/16/us-china-mini-trade-deal-trump-takes-the-money-and-runs/)

the US and China agreed to a partial deal on their trade dispute last week.

is this the end of the US-China trade conflict?

Will phase 2, to begin after the signing of Phase 1 five weeks from now, wrap up the remaining issues?

Or will Phase 1 just announced be all that the parties will agree to over restructuring their trade relations (and money capital flows)?

Other questions of import include:

who got the better end of the Phase 1 deal—China or Trump?

Why did Trump settle for the partial deal that China was calling for, and not the ‘big deal’ that Trump was declaring publicly he wanted or else there’d be no deal?

Why did Trump concede to a lesser partial deal now instead of pressing for his ‘big deal’?

Not least, what is the likelihood the remaining, unresolved issues will be concluded before the US 2020 elections?

https://www.counterpunch.org/2019/10/16/us-china-mini-trade-deal-trump-takes-the-money-and-runs/ (https://www.counterpunch.org/2019/10/16/us-china-mini-trade-deal-trump-takes-the-money-and-runs/)

[boutons_deux]

https://img.grunge.com/img/gallery/political-cartoons-that-got-people-fired/intro-1572810652.jpg

[boutons_deux]

American Farm Bankruptcies Jump 24% Amid Trump Trade War, Weather Challenges

Meanwhile, government insurance and subsidies will provide nearly 40% of farm income this year. :lol socialism?

https://www.huffpost.com/entry/farm-bankruptcies-up-china-trade-war_n_5dc0e879e4b0615b8a985a19?ncid=newsltushpmgne ws

Farmers are bankrupting, but BigAg / BigChem keeps on trucking

[boutons_deux]

Another HUGE FAILURE for Trash and his corrupt mafiya

Trade gap: The U.S. deficit widened to nearly $500 billion (https://nl.nytimes.com/f/newsletter/jeDwNKdh1Nhb5mGVwAtHHQ~~/AAAAAQA~/RgRfpTb9P0T8aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAxOS 8xMS8wNS91cy9wb2xpdGljcy91cy10cmFkZS1kZWZpY2l0Lmh0 bWw_dGU9MSZubD1tb3JuaW5nLWJyaWVmaW5nJmVtYz1lZGl0X0 5OX3BfMjAxOTExMDYmc2VjdGlvbj13aGF0RWxzZT9jYW1wYWln bl9pZD05Jmluc3RhbmNlX2lkPTEzNjQ5JnNlZ21lbnRfaWQ9MT g1NTcmdXNlcl9pZD05OTJkNjA4MjE0YjUwNTAwM2FhMDRiZjEw YTU5NTAzMSZyZWdpX2lkPTgwODIxNzk3aW9uPXdoYXRFbHNlVw NueXRCCgAd_bHCXcw0xM5SE2Rhcm5vY25lbEBnbWFpbC5jb21Y BAAAAAA~) in the first nine months of 2019, suggesting that

the trade wars haven’t had the desired effect.

https://www.nytimes.com/2019/11/05/us/politics/us-trade-deficit.html?te=1&nl=morning-briefing&emc=edit_NN_p_20191106&section=whatElse?campaign_id=9&instance_id=13649&segment_id=18557&user_id=992d608214b505003aa04bf10a595031&regi_id=80821797ion=whatElse (https://www.nytimes.com/2019/11/05/us/politics/us-trade-deficit.html?te=1&nl=morning-briefing&emc=edit_NN_p_20191106&section=whatElse?campaign_id=9&instance_id=13649&segment_id=18557&user_id=992d608214b505003aa04bf10a595031&regi_id=80821797ion=whatElse)

mfg jobs down, Big Beautiful Clean Coal companies bankrupting, coal miners dying without govt aid, red states killing poor people with no Medicaid, suicides dramatically increasing, esp teen suicide.

America The Sick

Expect the extreme rightwing ideologues (dubya's Priscilla Owen! :lol) of the 5th Circuit to agree with Texas to kill ACA

[Winehole23]

“Huawei has been gaining market share in China and overseas despite US trade war frictions and may become the leading smartphone maker in the next two quarters,” said Nitin Soni, director of corporate ratings at Fitch Ratings.https://www.asiatimes.com/2019/11/article/numbers-show-joke-is-on-the-us-not-huawei/

[boutons_deux]

While you weren't looking, the trade war with China went off the rails

https://image.businessinsider.com/5ac667037ec3bbbe018b4770?width=1300&format=jpeg&auto=webp



America's trade war with China has lost its way.
Instead of pushing for structural change in China's managed economy, the Trump administration is negotiating to get US-China trade where it was before the tit-for-tat tariffs started.
This story is starting to sound like a loop, and it's unclear how the Trump administration will get out of it.


https://www.businessinsider.com/trump-trade-war-us-china-tariffs-lost-no-meaning-2019-11 (https://www.businessinsider.com/trump-trade-war-us-china-tariffs-lost-no-meaning-2019-11)

The trade war has hurt China and USA.

Trash thinks China is in a mood to help Trash? :lol

[boutons_deux]

Americans are paying $40 billion a year in import taxes thanks to Trump’s tariffs

a new study (https://libertystreeteconomics.newyorkfed.org/2019/11/who-pays-the-tax-on-imports-from-china.html) from the New York Federal Reserve,

Chinese businesses have not lowered prices in a significant way when it comes to exports in response to President Trump’s trade wars,

leaving Americans to absorb additional import taxes levied by the Trump administration, to the tune of around $40 billion per year.
“The continued stability of import prices for goods from China means US firms and consumers have to pay the tariff tax,”

https://www.rawstory.com/2019/11/americans-are-paying-40-billion-a-year-in-import-taxes-thanks-to-trumps-tariffs-study/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2019/11/americans-are-paying-40-billion-a-year-in-import-taxes-thanks-to-trumps-tariffs-study/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)

[boutons_deux]

US proposes tariffs on French products following France's digital tax

Trump administration says the tax rules discriminate against US companies.

following an investigation into France's recently passed digital taxation laws.

The tax discriminates against US companies, especially Google, Facebook, Apple and Amazon (https://ustr.gov/about-us/policy-offices/press-office/press-releases/2019/december/conclusion-ustr's-investigation#),

There are 63 tariffs suggested in total, with a trade value of around $2.4 billion.

The proposed tariffs target French products across

cheese,
sparkling wine,
perfume,
handbags (https://ustr.gov/sites/default/files/Notice_of_Determination_and_Request_for_Comments_C oncerning_Action_Pursuant_to_Section_301_France's_ Digital_Services_Tax.pdf),
yogurt,
butter,
beauty and makeup,
manicure and pedicure,
soap,
porcelain, and
bone china.

(https://www.cnet.com/news/us-proposes-tariffs-on-french-products-following-frances-digital-tax/)https://www.cnet.com/news/us-proposes-tariffs-on-french-products-following-frances-digital-tax/

[boutons_deux]

Trump Says U.S. Will Impose Metal Tariffs on Brazil and Argentina

The president, in a move that would shatter previous agreements with those countries, accused them of weakening their currencies and hurting American farmers.

Mr. Trump’s announcement on steel and aluminum was particularly jarring to Brazil’s conservative populist president, Jair Bolsonaro, who had gone to great lengths to strengthen ties with the Trump administration, with little to show for it.

Dante Sica, Argentina’s minister of production, called the move “completely unexpected.”
“I was in Washington last week, and I talked to a lot of people, and there was no sign whatsoever that there would be any kind of change,”

the American economy continues to face significant headwinds.

Economists and government officials have rejected the idea that Brazil and Argentina are intentionally manipulating their currencies.

China has shifted to purchasing products from Brazil and Argentina instead, a move that has rankled Mr. Trump and other American officials.

the tariffs stand to do considerable damage to South America’s two biggest economies as Argentina is in recession and Brazil confronts high unemployment and anemic growth.

neither Brazil nor Argentina was manipulating its currency. In fact, both countries had been selling foreign exchange reserves to prop the value of their currencies up.

The tariffs have also angered American manufacturers of automobiles, machinery, food packaging and other products, who must pay more for the metal they purchase.

“The decision will end up harming the American steel producing companies, which need the semi-finished products exported by Brazil to operate its plants,”

https://www.nytimes.com/2019/12/02/business/economy/trump-tariffs-brazil-argentina-metal.html?te=1&nl=morning-briefing&emc=edit_NN_p_20191203&section=topNews?campaign_id=9&instance_id=14228&segment_id=19238&user_id=992d608214b505003aa04bf10a595031&regi_id=80821797tion=topNews (https://www.nytimes.com/2019/12/02/business/economy/trump-tariffs-brazil-argentina-metal.html?te=1&nl=morning-briefing&emc=edit_NN_p_20191203&section=topNews?campaign_id=9&instance_id=14228&segment_id=19238&user_id=992d608214b505003aa04bf10a595031&regi_id=80821797tion=topNews)

And of course, Trash's tariffs will transfer, "confiscate", $10Bs from citizens and companies to the govt.

[Winehole23]

Stock market dives on Trump's plan to put off a trade deal for a year, but don't worry: Trump plans to punish China by raising prices for consumers and US companies:

https://www.bloomberg.com/amp/news/articles/2019-12-03/trump-says-no-deadline-for-china-deal-may-come-after-election

[boutons_deux]

The overwhelming majority of 'farmer bailout' money is going to big business

https://www.dailykos.com/stories/2019/12/2/1903039/-The-overwhelming-majority-of-farmer-bailout-money-is-going-to-big-business?detail=emaildkre (https://www.dailykos.com/stories/2019/12/2/1903039/-The-overwhelming-majority-of-farmer-bailout-money-is-going-to-big-business?detail=emaildkre)

[boutons_deux]

Dallas Fed: Texas subprime borrowers increasingly rely on unconventional home loans


There has been a significant drop in the number of subprime borrowers in Texas who have a mortgage as traditional lenders have become more risk averse after the housing crisis that spurred the Great Recession.

And riskier borrowers who do get a mortgage are increasingly turning to non-traditional lenders for loans.

https://www.bizjournals.com/sanantonio/news/2019/12/10/dallas-fed-texas-subprime-borrowers-increasingly.html?ana=e_mc_prem&j=90329661&t=Morning&mkt_tok=eyJpIjoiTkdFNVlUZGhOREl4TkRabSIsInQiOiI1dG ViREVnM1VXaXJTXC9zNGJYZUdCdmpTN3dPdjRjbWdxOXVcL05E TzdkOWQrUGt0R01sdzFNQVBhWGRoS1JOdjd1cmNkbWU5a3M2am tzRmJ2SVgxdE5taEp3MlY2YXJvVCtoc2xiV3lvOUJUeU12YURn bVZUeXBYSTIrckJ4VXJ1M1FCaFgrcmhkWmx6WEtMd1ZIQ2s5UT 09In0%3D (https://www.bizjournals.com/sanantonio/news/2019/12/10/dallas-fed-texas-subprime-borrowers-increasingly.html?ana=e_mc_prem&j=90329661&t=Morning&mkt_tok=eyJpIjoiTkdFNVlUZGhOREl4TkRabSIsInQiOiI1dG ViREVnM1VXaXJTXC9zNGJYZUdCdmpTN3dPdjRjbWdxOXVcL05E TzdkOWQrUGt0R01sdzFNQVBhWGRoS1JOdjd1cmNkbWU5a3M2am tzRmJ2SVgxdE5taEp3MlY2YXJvVCtoc2xiV3lvOUJUeU12YURn bVZUeXBYSTIrckJ4VXJ1M1FCaFgrcmhkWmx6WEtMd1ZIQ2s5UT 09In0%3D)


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

Dallas Fed Reserve Bank Chief Has Concerns About the Texas Economy


he doesn’t expect a recession next year, but that he does have concerns about the how Texas uses low taxes and limited regulation to attract new business; he said it may not be enough moving forward.
https://express-images.franklymedia.com/6616/sites/274/2019/11/08075300/download3.jpg
Kaplan also believes that Texas must invest in its

all residents :lol —

specifically at-risk residents :lol —

with education programs, :lol

expanded health care :lol

and workforce training :lol

to keep the state’s economy thriving.

https://www.bizjournals.com/sanantonio/news/2019/12/10/dallas-fed-texas-subprime-borrowers-increasingly.html?ana=e_mc_prem&j=90329661&t=Morning&mkt_tok=eyJpIjoiTkdFNVlUZGhOREl4TkRabSIsInQiOiI1dG ViREVnM1VXaXJTXC9zNGJYZUdCdmpTN3dPdjRjbWdxOXVcL05E TzdkOWQrUGt0R01sdzFNQVBhWGRoS1JOdjd1cmNkbWU5a3M2am tzRmJ2SVgxdE5taEp3MlY2YXJvVCtoc2xiV3lvOUJUeU12YURn bVZUeXBYSTIrckJ4VXJ1M1FCaFgrcmhkWmx6WEtMd1ZIQ2s5UT 09In0%3D

[boutons_deux]

Krug saying Trash got rolled by the tough-hanging Chinese and

MX may agree to labor rules in NAFTA 2.0

1206223091053088769

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

U.S.-China trade deal: 3 fundamental issues remain unresolved

The game is far from over.


Government subsidies

Protecting intellectual property

Military concerns

https://www.salon.com/2019/12/14/u-s-china-trade-deal-3-fundamental-issues-remain-unresolved_partner/ (https://www.salon.com/2019/12/14/u-s-china-trade-deal-3-fundamental-issues-remain-unresolved_partner/)

[boutons_deux]

Trump’s top economic aide just made a stunning admission about the president’s dealings with China

“I asked if Kissinger is playing a back channel role in trade talks,” Javers said.

“Well, now you’re getting into the family jewels,” Kudlow responded.

Kudlow said President Xi told Kissinger that

he would rather “deal with President Trump, who will focus more on trade in the economy,

rather than Democrats who won't talk about key trade issues, but instead will go on about human rights and other things.”

He added:

“Now, let me be careful here. President Trump made it very clear that

we favor freedom and democracy :lol

and a peaceful solution in Hong Kong, :lol

and that we oppose, of course, the maltreatment of the Muslims and the Uigurs.” :lol

it’s no secret that Trump doesn’t care about human rights abuses in China — or anywhere.

Nothing about his moves on foreign policy or his public statements have given any indication that he genuinely cares about countering authoritarian regimes, promoting democracy, or empowering the rights of minorities.

And Trump openly embraces and lauds brutal rulers like

Xi,

Russia’s Vladimir Putin, and

North Korea’s Kim Jong-un, (and Philippines Duterte and Turkey Erdogan)

while often spurning the leaders of democratic allies of the United States.

it was remarkable for a top adviser to the president to admit on the record that

the Chinese prefer Trump over Democrats because

he doesn’t “go on about human rights and other things.”

https://www.rawstory.com/2019/12/trumps-top-economic-aide-just-made-a-stunning-admission-about-the-presidents-dealings-with-china/?utm_source=&utm_medium=email&utm_campaign=3274&recip_id=298460&list_id=1 (https://www.rawstory.com/2019/12/trumps-top-economic-aide-just-made-a-stunning-admission-about-the-presidents-dealings-with-china/?utm_source=&utm_medium=email&utm_campaign=3274&recip_id=298460&list_id=1)

[boutons_deux]

Federal Reserve study:

Trump’s tariffs backfired —

leading to job losses and higher prices

“We find that the 2018 tariffs are associated with relative

reductions in manufacturing employment and

relative increases in producer prices,” concluded Fed economists

“While the longer-term effects of the tariffs may differ from those that we estimate here, the results indicate that

the tariffs, thus far, have not led to increased activity in the U.S. manufacturing sector,”

the top ten industries affected by Trump’s tariffs were:

aluminum sheet,
steel product,
boilers,
forging,
primary aluminum production,
secondary aluminum smelting,
architectural metals,
transportation equipment,
general purpose machinery, and
household appliances.

https://www.rawstory.com/2019/12/trumps-tariffs-backfired-leading-to-job-losses-and-higher-prices-federal-reserve-study/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29

https://www.federalreserve.gov/econres/feds/files/2019086pap.pdf

[boutons_deux]

TRUMP’S “PHASE ONE” TRADE DEAL LEAVES CHINA WITH MASSIVE ADVANTAGE

One of the key reasons Trump launched his trade war has yet to be resolved.

Like most Trump proclamations, though, this one turned out to be a lie.

We knew this both in real time, as news outlets reported that

China wanted another round of talks before even thinking about signing “phase one” of the trade deal

and on Tuesday,

it was made yet more clear when Trump again announced striking a phase one deal—

more than two months after he’d already claimed one had been clinched:

at this point, there’s no suggestion that he is, once again, just making shit up as he goes along. That’s the good news. The less-good news?

His big, terrific phase one deal appears to accomplish very little, and :lol other than attempt to deflect from impeachment :lol

on a matter that both the president and his top advisers have said is crucial to bringing fairness to the markets,

literally no progress has been made.

President Trump’s trade deal with Beijing

leaves untouched the marriage of business and government known as China Inc.

that American executives for nearly two decades have said tilted global markets against them.

As late as September, he rejected talk of a partial agreement, :lol

Chinese officials resisted making structural changes, and

by the time officials settled this month on an 86-page partial accord, any commitments to reduce subsidies had been excised.

government subsidies were a major element of China’s plan to surpass the U.S on technological leadership. China is “grossly subsidizing and taking over our markets,”

acknowledged that some key issues remain unresolved. :lol

“a lot of hard things” have been left to future talks, :lol

the commercial conflict has only convinced Xi to accelerate efforts to become self-sufficient — no matter the cost.

one of the major reasons Trump launched his trade war has yet to be resolved,

, it’s not at all clear that President Art of the Deal will be able to advance :lol

https://www.vanityfair.com/news/2019/12/donald-trump-phase-one-china-deal?utm_source=nl&utm_brand=vf&utm_mailing=VF_Hive_010220&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&hasha=992d608214b505003aa04bf10a595031&hashb=542eb31d958e85ddd5a4c3ccf3faae18526a77bd&hashc=54b3612ab970ce13a64a16665b1987080ca5b72e2ee7 62b722fbba6ab378f2f5&esrc=bounceX&utm_campaign=VF_Hive_010220&utm_term=VYF_Hive (https://www.vanityfair.com/news/2019/12/donald-trump-phase-one-china-deal?utm_source=nl&utm_brand=vf&utm_mailing=VF_Hive_010220&utm_medium=email&bxid=5bd6795524c17c1048022fcc&cndid=43758549&hasha=992d608214b505003aa04bf10a595031&hashb=542eb31d958e85ddd5a4c3ccf3faae18526a77bd&hashc=54b3612ab970ce13a64a16665b1987080ca5b72e2ee7 62b722fbba6ab378f2f5&esrc=bounceX&utm_campaign=VF_Hive_010220&utm_term=VYF_Hive)

[boutons_deux]

How Trump’s Trade War Is Making Lobbyists Rich And Slamming Small Businesses

Washington’s influence industry, including former Trump officials and allies, has made big money helping companies get exemptions from tariffs — sometimes by undercutting small business owners like Mike Elrod.

Low-level staffers with limited industry knowledge issuing seemingly arbitrary decisions that can save or smash a company’s bottom line.

Every few weeks, a list comes out with a new batch of lucky winners, and losers. “Non-electrical wall candelabras, of wood, each with 3 wrought iron candle holders” received a pass (https://ustr.gov/sites/default/files/enforcement/301Investigations/%24200_Billion_Exclusions_Granted_December.pdf), for example, but none with one or two candles.

There is no mechanism for appeals.

Overall, Trump’s tariffs have not had the effect that the self-described “Tariff Man (https://twitter.com/realDonaldTrump/status/1069970500535902208?ref_src=twsrc%5Etfw%7Ctwcamp%5 Etweetembed%7Ctwterm%5E1069970500535902208&ref_url=https%3A%2F%2Fwww.vox.com%2Fpolicy-and-politics%2F2018%2F12%2F4%2F18126061%2Ftariff-man-trump-china-tweets-memes-stock-market)” promised.

Companies have moved manufacturing out of China — and it has mostly gone to Vietnam, Taiwan and Mexico (https://unctad.org/en/PublicationsLibrary/ser-rp-2019d9_en.pdf).

Tariffs are chiefly behind a months-long decline (https://fred.stlouisfed.org/graph/?g=pF4K) in domestic manufacturing,

The total loss of jobs across the economy may be as high as 300,000 (https://www.moodysanalytics.com/-/media/article/2019/trade-war-chicken.pdf).

constantly up-in-the-air trade agreements and

the byzantine, opaque exclusion process has been a blessing for one set of players:

Washington’s influence industry, including the firms of former Trump officials and allies

four of Varian’s five exclusion requests have been approved — which, the company said in an SEC filing, boosted revenues by $23 million (http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=114464969&type=HTML&symbol=VAR&companyName=Varian+Medical+Systems+Inc.&formType=8-K&dateFiled=2019-10-23&CK=203527).

Lobbying records show (https://www.opensecrets.org/federal-lobbying/clients/hired-firms?cycle=2018&id=F316719) that Primex paid Priebus’ firm, Michael Best Strategies, $85,000 in 2018 and 2019 for its services. “I’m not selling access,” Priebus once told Politico (https://www.politico.com/story/2017/11/08/trump-bannon-priebus-spicer-flynn-244667).

“I’m merely providing strategic advice and helping them handle their problems.”

the number of clients lobbying on tariffs (https://www.opensecrets.org/lobby/issuesum.php?id=TRF&year=2019) and other trade issues (https://www.opensecrets.org/lobby/issuesum.php?id=TRD&year=2019) are higher than any year on record.

In 2018, the number jumped by 28% to 1,372, and 2019 will significantly exceed that once final figures are in.

how companies that have hired lobbyists have fared compared with those that haven’t. But there is evidence that agencies have bent the rules.

Companies with enough resources and savvy can not only push their own cases,

they can work to undermine those of competitors

With new tariffs being announced and lifted on a few days notice and trade agreements constantly being renegotiated, companies have scrambled to protect themselves.

Tariff exclusions are highly sought after because they offer a huge competitive advantage — especially if a rival still has to pay.

Trump’s new tariffs amount to an $88 billion (https://taxfoundation.org/tariffs-trump-trade-war/) annual tax increase for U.S. companies,

https://talkingpointsmemo.com/news/how-trumps-trade-war-is-making-lobbyists-rich-and-slamming-small-businesses?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+tpm-news+%28TPMNews%29 (https://talkingpointsmemo.com/news/how-trumps-trade-war-is-making-lobbyists-rich-and-slamming-small-businesses?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+tpm-news+%28TPMNews%29)

[boutons_deux]

U.S. consumers and businesses—not China—are paying 'approximately 100%' of Trump's tariffs

“Approximately 100 percent” of the cost of tariffs from Donald Trump’s trade war with China is being paid by U.S. consumers and businesses (https://www.nytimes.com/2020/01/06/business/economy/trade-war-tariffs.html?smtyp=cur&smid=tw-nytpolitics), despite

Trump’s repeated insistence that the U.S. is “taxing the hell out of China.” :lol

”U.S. tariffs continue to be almost entirely borne by U.S. firms and consumers,”

“We’re just not seeing foreigners bearing the cost”

“The steel industry isn’t getting that much protection.”

https://www.dailykos.com/stories/2020/1/7/1910002/-U-S-consumers-and-businesses-not-China-are-paying-approximately-100-of-Trump-s-tariffs

[boutons_deux]

Just removing the dead wood

Wisconsin lost 10% of dairy farms last year amid Trump’s trade war with China

It’s the biggest one-year loss on record, and highlights the impact of Trump’s trade wars.

China, the country slashed its purchases of American dairy products in half,

throwing many farmers out of business as a result, making the already shaky economic environment for small dairy farms even worse.

https://www.rawstory.com/2020/01/wisconsin-lost-10-of-dairy-farms-last-year-amid-trumps-trade-war-with-china/ (https://www.rawstory.com/2020/01/wisconsin-lost-10-of-dairy-farms-last-year-amid-trumps-trade-war-with-china/)

[boutons_deux]

Former AT&T CEO unloads on Trump for ‘stiffing’ rural America in scathing column for Iowa’s 2nd-largest newspaper

Leo Hindery Jr. ... laid out a damning indictment of Trump’s economic policies

“The dirty secret of the economy under Trump is that while major corporations have had reasons to celebrate, rural communities in the heartlands have gotten stiffed,”

“Case in point: Iowa,” he added.

“Research shows that in the state

the bulk of the economy’s benefits are being enjoyed by the richest one percent of Iowans, and

much less so by the state’s small businesses and farmers who are fighting for scraps.”

The Republican tax cuts were merely handouts to the wealthy, Hindery wrote,

“A recent analysis conducted by the Iowa Policy Project found that the wealthiest Iowans have benefitted most from the Trump administration’s Tax Cuts and Jobs Act,” Hindery wrote.

“These findings indicate that

the richest one percent – those Iowans with an average income of more than $1 million per year – captured 24 percent of all tax cut gains.

The poorest 20 percent of Iowans – those making less than $13,700 per year – saw only about one percent of the total.”

The tax cuts have failed to help smaller farm and small business owners

“Even Trump’s $16 billion emergency aid package for farmers

who’ve been hung out to dry by the misguided trade war with China has proven to be just another goody bag for the wealthy,”

most of the $8.4 billion given out as a part of the aid package has gone to wealthy farmers.

The top one percent of recipients received on average roughly $183,000

while the bottom 80 percent of farmers received less than $5,000.”

https://www.rawstory.com/2020/01/former-att-ceo-unloads-on-trump-for-stiffing-rural-america-in-scathing-column-for-iowas-2nd-largest-newspaper/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29

[Winehole23]

Details of Phase 1. Lots of promises, but, if kept, sounds pretty good.

https://mobile.reuters.com/article/amp/idUSKBN1ZE2IF

[SnakeBoy]

Details of Phase 1. Lots of promises, but, if kept, sounds pretty good.

https://mobile.reuters.com/article/amp/idUSKBN1ZE2IF

Have to give Trump credit for knowing when to chill and take what he could get. I thought he was going to overplay his hand and bump tariffs more.

[Winehole23]

Have to give Trump credit for knowing when to chill and take what he could get. I thought he was going to overplay his hand and bump tariffs more.Proof isn't in the pudding, but the eating.

[SnakeBoy]

Proof isn't in the pudding, but the eating.

lol I forgot it is forbidden to give him credit even when it's due.

[Winehole23]

lol I forgot it is forbidden to give him credit even when it's due.
:lol

I just gave him credit, silly.

[baseline bum]

lol I forgot it is forbidden to give him credit even when it's due.

So he deserves credit for setting a fire and then putting a little of it out?

[Winehole23]

Blowing Trump in public like you do is another thing entirely, Snake Boy

[Winehole23]

So he deserves credit for setting a fire and then putting a little of it out?Good point, but it is a better deal than I expected. I thought Trump would screw it up even worse before it started to get better.

[SnakeBoy]

Blowing Trump in public like you do is another thing entirely, Snake Boy

Nothing comes close to having Bernie's dick in your ass, Ron Paul's in your mouth, while you tickle Gary Johnson's balls. All to pretend you're an intelligent independent thinker when really you just gravitate to whatever is never going to happen.

[SnakeBoy]

So he deserves credit for setting a fire and then putting a little of it out?

Well he inflicted enough pain on China to get them to bend the knee without breaking the economy. It's better than the last two administrations who both tried a small tariff and then folded immediately when China said fuck you.

[TSA]

Nothing comes close to having Bernie's dick in your ass, Ron Paul's in your mouth, while you tickle Gary Johnson's balls. All to pretend you're an intelligent independent thinker when really you just gravitate to whatever is never going to happen.

https://i.kym-cdn.com/photos/images/original/001/267/319/860.jpeg guy

[Winehole23]

Nothing comes close to having Bernie's dick in your ass, Ron Paul's in your mouth, while you tickle Gary Johnson's balls. All to pretend you're an intelligent independent thinker when really you just gravitate to whatever is never going to happen.

I seem to have touched a nerve

:lol

[Winehole23]

https://i.kym-cdn.com/photos/images/original/001/267/319/860.jpeg guyLol you ran and hid in the other open threads, take your puny solace here.

[Winehole23]

Lol Snake Boy red assed because I didn't praise Trump hard enough.

[boutons_deux]

Make America Bankrupt Again:

Farm bankruptcies up 20% in 2019

the rise in Chapter 12 bankruptcies is the highest our country has seen since the year after the Great Recession

the Farm Bureau says 595 family farms filed for bankruptcy in 2019, and this rise in bankruptcies has been growing for “five consecutive quarters.”

Wisconsin was hit hardest with 57 of those filings in 2019, followed by Georgia.

While the Trump administration made a big deal of publicizing how much money it was throwing at farms, it turns out that giving most of that money to already-wealthy, big agricultural companies (https://www.dailykos.com/stories/2019/12/2/1903039/-The-overwhelming-majority-of-farmer-bailout-money-is-going-to-big-business) doesn’t help the smaller, family-run farms

the Trump administration telling audiences that conservatives don’t really care about small business (https://www.dailykos.com/stories/2019/10/3/1889366/-Farmers-are-being-hit-from-all-sides-by-Trump-Now-Perdue-says-their-family-farms-are-going-out).

. Numerous articles have highlighted the deteriorating relationship between the Trump’s farming voters and the Trump administration. (https://www.dailykos.com/stories/2019/9/2/1881802/-Trump-s-ties-with-farm-country-are-starting-to-fray)

https://www.dailykos.com/stories/1915224 (https://www.dailykos.com/stories/1915224)

[Chris]

https://twitter.com/Breaking911/status/1225276718291783681?s=19

[boutons_deux]

Trump’s trade war is making American family incomes decrease by $1,277 a year: government report

https://www.rawstory.com/2020/02/trumps-trade-war-is-making-american-family-incomes-decrease-by-1277-a-year-government-report/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2020/02/trumps-trade-war-is-making-american-family-incomes-decrease-by-1277-a-year-government-report/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)

[boutons_deux]

‘Like a Bad Horror Movie’:

U.S. Weighs Reinstating Canadian Aluminum Tariffs

The step, which could incite retaliation from Canada, comes as the countries are preparing
to ring in a new trade agreement July

https://www.nytimes.com/2020/06/23/business/economy/usmca-canada-aluminum-tariffs.html

Trash will vengefully fuck up everything he can reach between now and 20 Jan 21

[Winehole23]

Trump's steel tariffs have been been bad for the US steel industry so far, perhaps the future will thank him.


Nationally, the steel industry has been shedding jobs for the past year - since before the wider economic downturn caused by the COVID-19 pandemic - and now employs 1,900 fewer workers than it did when Trump took office, according to U.S. Labor Department data. (For a graphic on steel jobs, click tmsnrt.rs/2SRIEaF (https://tmsnrt.rs/2SRIEaF))

While the tariffs failed to boost overall steel employment, economists say they created higher costs for major steel consumers - killing jobs at companies including Detroit-based automakers General Motors Co and Ford Motor Co. Nationally, steel and aluminum tariffs resulted in at least 75,000 job losses in metal-using industries by the end of last year, according to an analysis by Lydia Cox, a Ph.D. candidate in economics at Harvard University, and Kadee Russ, an economics professor at the University of California, Davis. In all, they estimated, the trade war had caused a net loss of 175,000 U.S. manufacturing jobs by mid-2019.

In Michigan, steelmakers have served layoff notices to nearly 2,000 workers since the tariff took effect, according to a Reuters analysis of the notices steel companies filed with the state. The state’s primary metals manufacturing industry, which includes iron and steel mills, employed about 7,300 fewer workers in August than in March 2018, when Trump announced metal tariffs, according to data from Federal Reserve Bank of St. Louis.
https://www.reuters.com/article/us-usa-election-steel-insight/trump-steel-tariffs-bring-job-losses-to-swing-state-michigan-idUSKBN26U161

[Winehole23]

Ditto for coal, but coal was already swirling around the bowl



Since Mr. Trump was inaugurated, 145 coal-burning units (https://int.nyt.com/data/documenttools/trump-era-coal-fueled-retirements/fa1493b53a43fbd0/full.pdf) at 75 power plants have been idled, eliminating 15 percent of the nation’s coal-generated capacity, enough to power about 30 million homes (https://www.nrc.gov/docs/ML1209/ML120960701.pdf).

That is the fastest decline in coal-fuel capacity in any single presidential term, far greater than the rate during either of President Barack Obama’s terms. An additional 73 power plants have announced their intention to close additional coal-burning units this decade, according to a tally by the Sierra Club.

An estimated 20 percent (https://int.nyt.com/data/documenttools/2020-09-short-term-energy-outlook/6611c4a514242d59/full.pdf#page=26) of the power generated in the United States this year is expected to come from coal, down from 31 percent in 2017.

In part because of the coronavirus-induced recession, total coal production is expected to drop this year to 511 million tons (https://www.eia.gov/outlooks/steo/data/browser/#/?v=18&f=A&00000000000000000000000000000000000000000000000000 0000000000000000000000000000000000g000000000000000 00000000000000400000000000000000000000000000000000 00000000000000000000000000000000000000000000000000 00000000000000000000000000000000000000000000000000 000000000000000000000000000000000000000000&start=1997&end=2021&linechart=CLPRPUS_TON&maptype=0&ctype=linechart), down from 775 million tons in 2017. That 34 percent decline is the largest four-year drop in production since at least 1932.

Far from bringing back jobs, the downturn has translated into 5,300 coal mining jobs, or nearly 10 percent, being eliminated (https://fred.stlouisfed.org/series/CES1021210001) since Mr. Trump took office.


https://www.nytimes.com/2020/10/05/us/politics/trump-coal-industry.html

[Winehole23]

it ain't all about us

1329036632931115013

[boutons_deux]

it ain't all about us

1329036632931115013

Exactly as Pootin wanted, Trash disengaging USA from international relations, annulling USA soft power (Dept of State destroyed).

And of course, Xi is thrilled to have USA excluded, as China moves relentlessly to make the 21st Century the century of China.

USA is a failed state, just as the oligarchy wants, so the oligarchy can rape and pillage America

with no pushback for the weakened, dysfunctional Federal govt

where the "destruction of the administrative state" (Bannon) is nearing completion.

[Winehole23]

1358751476928118784

[spurraider21]

Trade deficits aren’t inherently bad, but just goes to show how dumb 45’s rhetoric was

[boutons_deux]

1358751476928118784

notice the real dive was 2001-2009 under the "pro business" "strong dollar" Repugs and especially their beloved company and job exporting "giant sucking sound" NAFTA

[Winehole23]

Brandon is using the Trump steel tariffs as leverage against UK threats to dissolve its deal with the EU and renege on the Good Friday Agreement.


Westminster is worried that instead of improving trade between the U.K. and the U.S., Brexit is making it more difficult.U.S. President Joe Biden has warned the U.K. to tread with caution on the pact governing trade between Northern Ireland, Great Britain and the EU in the wake of Brexit, and fears an upset could imperil the hard-fought peace in the nation. But the British government has been threatening to trigger a nuclear clause in the protocol that could bring it crashing down.


Meanwhile, the U.S. has kept in place punishing tariffs on steel and aluminum first imposed during the Donald Trump administration. Britain has been unable to shake the tariffs off — despite Washington doing a deal to end the same war with Brussels a month ago — but will make a fresh appeal when its top trade minister visits Washington next week.


“This is yet another example of British industry paying the price for Boris Johnson’s botched Brexit deal,” said Shadow Foreign Minister Stephen Kinnock, who represents the steel-making seat of Aberavon in Wales. He said the tariffs were a simple method of inflicting pain on the U.K. over the protocol….


Trade expert Sam Lowe of Flint Global agreed that the protocol is putting an extra spanner in the works. “While it’s not the only reason the U.K. is finding it difficult to agree a deal with the U.S. to remove steel and aluminum tariffs, as the EU has done,” he said, “the ongoing standoff over Northern Ireland is certainly making it more difficult.”

https://www.politico.eu/article/fears-of-brexit-hold-up-over-uk-us-steel-spat/

[RandomGuy]

Bet better trade deals

1493253710817943554


:rollin

[RandomGuy]

971854184613122050

1493253710817943554

:rollin

[Winehole23]

China bans iPhone for government workers. They're also banned in government buildings.

Aside, there's a lot of continuity between Biden and Trump on China policy, leaving wholly to one side Trump's personal admiration for Xi.

1699596927094943795

[Winehole23]

continuity, not change

economic nationalism is a bipartisan joint, and so is the burden of price inflation imposed on you and me.

1790335378370539802

[Winehole23]

protectionism is apparently just fine when other countries compete for price and innovation

[MultiTroll]

Nice to be able to read some on topic posts before Parrot awakens and starts his whack-a-mole.

[Winehole23]

a pragmatic gloss: Biden can't pass industrial policy in Congress, so he has to do stuff like this

1790327250778247671

[CosmicCowboy]

Biden will do anything to try to buy votes. Trumps tariffs were bad and his are infinitely worse.

[Winehole23]

Biden will do anything to try to buy votes. Trumps tariffs were bad and his are infinitely worse.infinitely worse how and whose votes is Biden trying to buy?

[Winehole23]

"selling" policy to voters is plain vanilla politics, but big timers like Trump straight up offer to let the oil and gas patch write the laws for $1 billion in campaign cash.

[Thread]

Nice to be able to read some on topic posts before Parrot awakens and starts his whack-a-mole.

Mornin', been waitin' on ya's all.

[Thread]

continuity, not change

economic nationalism is a bipartisan joint, and so is the burden of price inflation imposed on you and me.

1790335378370539802

tee, hee. When President Trump did it you called him everything but a White man and and tried to assassinate him. tee, hee.

[Thread]

protectionism is apparently just fine when other countries compete for price and innovation

But not when Trump is President and did it.

Just shows ta go ya.

[Thread]

Biden will do anything to try to buy votes. Trumps tariffs were bad and his are infinitely worse.

Tell it, CC. Testify!!!

[Thread]

infinitely worse how and whose votes is Biden trying to buy?

Anything that is alive, wet, or dry.

[Thread]

"selling" policy to voters is plain vanilla politics, but big timers like Trump straight up offer to let the oil and gas patch write the laws for $1 billion in campaign cash.

..."whatever it takes."

Mornin'.

[Thread]

a pragmatic gloss: Biden can't pass industrial policy in Congress, so he has to do stuff like this

1790327250778247671

When Trump tried same they refused to accept and threatened him with court and/or assassination.

[CosmicCowboy]

infinitely worse how and whose votes is Biden trying to buy?

US steel industry is the most inefficient in the world. Only way to keep them in business is to fuck the US steel consumers by forcing it down their throat with tariffs on foreign steel. its Biden's usual pandering to the unions. Same with Biden opposing Nippon Steel buying US Steel. Nippon was prepared to guarantee union jobs and benefits while upgrading the facilities to make them more efficient but it was Biden politics as usual.

[Thread]

US steel industry is the most inefficient in the world. Only way to keep them in business is to fuck the US steel consumers by forcing it down their throat with tariffs on foreign steel. its Biden's usual pandering to the unions. Same with Biden opposing Nippon Steel buying US Steel. Nippon was prepared to guarantee union jobs and benefits while upgrading the facilities to make them more efficient but it was Biden politics as usual.

CC testifying of a Tuesday morning. He's teaching the Winester.

CC

[CosmicCowboy]

Here is a good example for you winester...

This is a US made 1" 300# Union. Machining is always iffy and definitely inferior to forged steel unions. $41.20

https://www.buyfittingsonline.com/search.php?search_query=300%23+black+malleable+1%2 2+union&section=content

This is an imported 3000# forged steel union (after 7.5% tariff) $22.18

https://www.buyfittingsonline.com/pipe-fittings-forged-carbon-steel-unions-3000-lb-1-in-npt-threaded-astm-asme-fitting/

US steel industry sucks

[CosmicCowboy]

And Biden wants everyone to go to "alternative renewable energy" and then slaps massive tariffs on the worlds most economical producer of the components?

Everything he is doing is inflationary.

[CosmicCowboy]

April PPI came in hot at .5% (6% annualized)

https://www.bls.gov/news.release/ppi.nr0.htm

[Thread]

And Biden wants everyone to go to "alternative renewable energy" and then slaps massive tariffs on the worlds most economical producer of the components?

Everything he is doing is inflationary.

...The fuckin' fuck.

[Blake]

And Biden wants everyone to go to "alternative renewable energy" and then slaps massive tariffs on the worlds most economical producer of the components?

Everything he is doing is inflationary.

Preach on, Bloomberg podcast!

[Thread]

Preach on, Bloomberg podcast!

Oh, please. When Bloomberg suits you, Blake, it's 100% aces.


I've seen ya, ya little shit, you.

[CosmicCowboy]

Preach on, Bloomberg podcast!

Right on schedule...Rent Free Beta Blake chimes in with another stupid post. No wonder he is such a loser.

[Thread]

Right on schedule...Rent Free Beta Blake chimes in with another stupid post. No wonder he is such a loser.

Him & bene both are the sites biggest losers.

[Ef-man]

What happened to America first, tariffs to protect American jobs from subsidized foreign industry, and being against Chyna?

Guess magas gonna maga

[Thread]

What happened to America first, tariffs to protect American jobs from subsidized foreign industry, and being against Chyna?

Guess magas gonna maga

...Biden too, Effy. You're nary room, son. Nary.

[CosmicCowboy]

What happened to America first, tariffs to protect American jobs from subsidized foreign industry, and being against Chyna?

Guess magas gonna maga

You guys really like to put people in narrow little boxes of left and right. I'm pretty much straight down the middle. Economic conservative and social liberal. As far as I'm concerned the less government interference the better. On this specific subject I'm ok with not giving the Chinese the latest and greatest chip technology and American technology in general, but disagree with protectionist tariffs. Nobody wins trade wars.

[CosmicCowboy]

Plus we are in a world economy. China is good at building cheap electric vehicles and solar power stuff. What good does it do the average American to raise the cost of these items?

[Thread]

Plus we are in a world economy. China is good at building cheap electric vehicles and solar power stuff. What good does it do the average American to raise the cost of these items?

...ask that cocksucker a squattin' in the White House. He must know.

[Ef-man]

You guys really like to put people in narrow little boxes of left and right. I'm pretty much straight down the middle. Economic conservative and social liberal. As far as I'm concerned the less government interference the better. On this specific subject I'm ok with not giving the Chinese the latest and greatest chip technology and American technology in general, but disagree with protectionist tariffs. Nobody wins trade wars.

I get you but we are already in trade wars as other countries heavily subsidize their industries. Countervailing duties are necessary not only to protect US jobs but also serve to ensure US is not beholding/dependent on foreign monopolies.




Plus we are in a world economy. China is good at building cheap electric vehicles and solar power stuff. What good does it do the average American to raise the cost of these items?

Solar is good example of how Chyna screwed US and other countries. We got cheaper products at the cost of losing our solar industry (also killed by red states like Texas hating on solar).

https://www.nytimes.com/2024/03/07/business/china-solar-energy-exports.html

[Winehole23]

US steel industry is the most inefficient in the world. Only way to keep them in business is to fuck the US steel consumers by forcing it down their throat with tariffs on foreign steel. its Biden's usual pandering to the unions. Same with Biden opposing Nippon Steel buying US Steel. Nippon was prepared to guarantee union jobs and benefits while upgrading the facilities to make them more efficient but it was Biden politics as usual.That decision didn't make sense to me, either, but who knows? I have no idea how things stand b/w the US and Japan.

But COVID made supply chain autarky a desirable thing. The opposite of globalization. There are strong nationalists on both sides of the aisle, tbh.

Nativism sells.

I think the rest of the world is not so impressed with our octogenarian overlords, jmo.

[Winehole23]

Plus we are in a world economy. China is good at building cheap electric vehicles and solar power stuff. What good does it do the average American to raise the cost of these items?We agree on this.

Biden announced a 100% tariff on cheap Chinese EVs at roughly the same time Trump announced his intention to do the very same thing.

Continuity, not change.

[CosmicCowboy]

I get you but we are already in trade wars as other countries heavily subsidize their industries. Countervailing duties are necessary not only to protect US jobs but also serve to ensure US is not beholding/dependent on foreign monopolies.





Solar is good example of how Chyna screwed US and other countries. We got cheaper products at the cost of losing our solar industry (also killed by red states like Texas hating on solar).

https://www.nytimes.com/2024/03/07/business/china-solar-energy-exports.html

What do you call the chips act except US government subsidizing industries? US was never going to be competitive in basic tech stuff like solar panels. Labor costs and environmental regs were prohibitive.

[Winehole23]

And Biden wants everyone to go to "alternative renewable energy" and then slaps massive tariffs on the worlds most economical producer of the components?

Everything he is doing is inflationary.Biden's betting on the USA. Are you betting against it?

is inflation scaring you again?

:lol

[CosmicCowboy]

I'm ok. My business is killing it. My stock market investments are doing OK and I just rolled a 3 month jumbo CD at 5%. You are the one that should be worrying about inflation and interest rates.

[Winehole23]

BTW, CC never said whose votes Joe Biden is trying to buy with stiff tariffs on very competitive commies.

[CosmicCowboy]

BTW, CC never said whose votes Joe Biden is trying to buy with stiff tariffs on very competitive commies.

Biden would be happy if 90% of work force was union. Who the fuck did you think he was paying off? The fine print in the chips act was written by unions.

[Winehole23]

Biden would be happy if 90% of work force was union. Who the fuck did you think he was paying off? The fine print in the chips act was written by unions.Put a number on it.

How many heads?

[CosmicCowboy]

Put a number on it.

How many heads?

It is a requirement for the federal dollars in the chips act. Don't you read?

[Winehole23]

How big is this mighty electoral cohort?

[CosmicCowboy]

How big is this mighty electoral cohort?

Seriously dude...is that the best you can do?

Biden knows he needs the rust belt "blue wall" and the latest polling has him shitting his adult pampers.

[Winehole23]

Seriously dude...is that the best you can do?

Biden knows he needs the rust belt "blue wall" and the latest polling has him shitting his adult pampers.I notice you ducked the question.

The polls don't bother me, but do ramble on, you do it so well!

[CosmicCowboy]

I notice you ducked the question.

The polls don't bother me, but do ramble on, you do it so well!

Your argumentative question was totally irrelevant. It's political posturing 101.

[CosmicCowboy]

And Trump winning 6 of 7 critical swing states in the polling doesn't bother you? I guarantee it bothers old Joe and his handlers.

[Winehole23]

Your argumentative question was totally irrelevant. It's political posturing 101.you said Biden's buying votes. I asked how many?

You say me asking is posturing, but you haven't established that the members are electorally significant.

How many in the can Biden voters are we talking about here?

[Winehole23]

And Trump winning 6 of 7 critical swing states in the polling doesn't bother you? I guarantee it bothers old Joe and his handlers.It should.

Part of me hopes both of them expire of natural causes beforehand, but another part hopes that Trump will lose again. He was just about the worst ever.

[CosmicCowboy]

you said Biden's buying votes. I asked how many?

You say me asking is posturing, but you haven't established that the members are electorally significant.

How many in the can Biden voters are we talking about here?

Doesn't need many in those swing states. Probably less than 200,000 will decide the 2024 election.

[Winehole23]

Doesn't need many in those swing states. Probably less than 200,000 will decide the 2024 election.ok, that sounds very specific.

did you base that figure on something?

I wouldn't want to accuse you falsely of false precision!

[Blake]

I'm ok. My business is killing it. My stock market investments are doing OK and I just rolled a 3 month jumbo CD at 5%. You are the one that should be worrying about inflation and interest rates.

:lol big timing right on schedule

[CosmicCowboy]

:lol big timing right on schedule

Oh look! Rent free Beta Blake with a stupid comment right on schedule!!!! He just can't help himself. The butthurt is strong with this one!

[CosmicCowboy]

ok, that sounds very specific.

did you base that figure on something?

I wouldn't want to accuse you falsely of false precision!

Go back to the seven swing states in 2020 and look at the margins. 200,000 votes in seven states will probably do it.

[Winehole23]

Seriously dude...is that the best you can do?

Biden knows he needs the rust belt "blue wall" and the latest polling has him shitting his adult pampers.Yeah, well, we all get old, if we're lucky and rich, right?

[CosmicCowboy]

Yeah, well, we all get old, if we're lucky and rich, right?

Better than being terminally dumb like Beta Blake. You will be ok with your wife's teachers retirement. Isnt it indexed for inflation? If I have you confused with someone else I apologize

[Winehole23]

So now you're worried about about people with fixed incomes.

Ok.

Are you running for political office, CC?

[CosmicCowboy]

So now you're worried about about people with fixed incomes.

Ok.

Are you running for political office, CC?

LOL not a chance. I have a good reputation in the community and don't want to spoil it. I do, however educate myself on business and the economy. My reservations for you younger guys are justified. You can make fun of them if you want.

[Blake]

LOL not a chance. I have a good reputation in the community and don't want to spoil it. I do, however educate myself on business and the economy. My reservations for you younger guys are justified. You can make fun of them if you want.

Everyone makes fun of you for fucking up facts and figures.

[CosmicCowboy]

Everyone makes fun of you for fucking up facts and figures.

Another predictable stupid response from Butt hurt Beta Blake. Stupid is as stupid does. Beta Blake is the poster child.

[Ef-man]

What do you call the chips act except US government subsidizing industries? US was never going to be competitive in basic tech stuff like solar panels. Labor costs and environmental regs were prohibitive.

Thanks for making my point.

Taiwan worked hard to be indispensable to US (and world) on microchips and their gov invested heavily in that.

With Chyna threat to Taiwan, US is now investing in microchip industry as it should have done long ago.

Chinese solar panels of comparable quality to US are about 20% cheaper. Big part is scale of Chinese gov investment in the industry to become monopoly. Did not hurt they stole foreign patents and ipr. Having cheaper labor and fewer regs does not account for 20% difference, it is having Chinese gov oversight of maintaining monopoly (about 80% of world’s supply). Europeans are also taking steps to counter china’s fuckery in the industry.

[Blake]

Another predictable stupid response from Butt hurt Beta Blake. Stupid is as stupid does. Beta Blake is the poster child.

Posting like a teary eyed 7th grader that got his lunch money taken. Right on cue.

[CosmicCowboy]

Posting like a teary eyed 7th grader that got his lunch money taken. Right on cue.

Another predictable stupid response from Butt hurt Beta Blake. Stupid is as stupid does. Beta Blake is the poster child.

[boutons_deux]

Mr. Trash lost by 7 million in 2020, he will lose by more in 2024

[Thread]

Mr. Trash lost by 7 million in 2020, he will lose by more in 2024

He never lost in '20,,,you crooked him out of it. And where in the fuck have you been, bouts? I ain't seen you around here in 2 months of Sundays.

Now, shut up.

[CosmicCowboy]

Mr. Trash lost by 7 million in 2020, he will lose by more in 2024

Politics 101. Electoral College. Popular vote is irrelevant.

[scott]

What do you call the chips act except US government subsidizing industries? US was never going to be competitive in basic tech stuff like solar panels. Labor costs and environmental regs were prohibitive.

If you're going to subsidize anything, chip manufacturing and semiconductors is a pretty good place to start since they are pretty critical infrastructure in the modern economy. So, at least there is a national security argument around it (whether one agrees or not). Trade wars and subsidies on shit like cheese and wine are what bother me more, personally.

[Thread]

Politics 101. Electoral College. Popular vote is irrelevant.

He's just playin' possum on ya, CC. He learned that the hard-way in '16. Remember they was gonna change it to the popular vote exclusive the day after. They was gonna move off the North American continent. They was gonna stop having babies. They was gonna kill him come Hell or high water. They was gonna sue him for divorce if Mel didn't within' 72 hours of him getting sworn, OR, help Madonna mine their new digs. They was gonna indict him for breathing if he lived thru Madonna's TnT badgering.

On & on.

[Winehole23]

1792557310784766109

[Winehole23]

1792557318665822350

[Thread]

1792557318665822350

Yet when Trump announced tariffs you called him everything but a White man.

[Winehole23]

Sorry, come again?

[Thread]

Sorry, come again?

You heard me, Winester.

[Ef-man]

Thanks for making my point.

Taiwan worked hard to be indispensable to US (and world) on microchips and their gov invested heavily in that.

With Chyna threat to Taiwan, US is now investing in microchip industry as it should have done long ago.

Chinese solar panels of comparable quality to US are about 20% cheaper. Big part is scale of Chinese gov investment in the industry to become monopoly. Did not hurt they stole foreign patents and ipr. Having cheaper labor and fewer regs does not account for 20% difference, it is having Chinese gov oversight of maintaining monopoly (about 80% of world’s supply). Europeans are also taking steps to counter china’s fuckery in the industry.

The Solar Breakthrough That Could Help the U.S. Compete With China

The biggest investor in U.S. solar manufacturing is embracing a new technology that reduces the cost of producing the panels, potentially bolstering efforts to build a supply chain outside of China for an industry crucial to the energy transition.

The new technology comes from an Israeli startup that promises to simplify one of the most cumbersome steps in solar manufacturing and cut costs by reducing the amount of silver needed to capture sunlight on the panels.

The startup, called Lumet, is the brainchild of Benny Landa, who founded the company that developed the first digital printing press. That company was sold to HP for $830 million in the early 2000s. Lumet is working with Bank of America to raise hundreds of millions of dollars in the coming months, Landa said.
South Korea’s Hanwha Group says it will be the first company to use Lumet’s technology. Hanwha’s Qcells unit, one of the biggest solar-panel makers outside China, is building a multibillion-dollar solar supply chain in Georgia. The company expects the financial savings and performance gains to help it compete with low-cost products from the world’s biggest producer.

Plummeting costs have made solar power one of the cheapest and fastest-growing sources of energy globally. Further advances can reduce the need for fossil fuels to meet rising demand for electricity and help limit climate change.

Solar panels account for a small portion of overall project costs, but bigger contributors like labor, permitting and financing expenses are less flexible.

paywall
https://www.wsj.com/the-solar-breakthrough-that-could-help-the-u-s-compete-with-china (https://www.wsj.com/business/energy-oil/the-solar-breakthrough-that-could-help-the-u-s-compete-with-china-1ebe9c76?mod=hp_lead_pos4)

[Winehole23]

In the 1980s they said the Japenese can make cars cheaper but couldn't innovate; there's a similar derogatory impulse at work here.


1796780301043294379

[Winehole23]

Boiled down, Trump's 2024 ruminations on taxation and tariffs boil down to how shift the burden from rich people to everyone else.

[Thread]

Boiled down, Trump's 2024 ruminations on taxation and tariffs boil down to how shift the burden from rich people to everyone else.

Horseshit.

[pgardn]

Boiled down, Trump's 2024 ruminations on taxation and tariffs boil down to how shift the burden from rich people to everyone else.


If anyone knows how to cheat and take short cuts its Trump.
Profit NOW at the expense of the future of others.
His claim to fame in Business.

[Thread]

If anyone knows how to cheat and take short cuts its Trump.
Profit NOW at the expense of the future of others.
His claim to fame in Business.

1 of only 44 others across 4 centuries to make President.

That ain't whistlin' Dixie, bu.

[Ef-man]

If anyone knows how to cheat and take short cuts its Trump.
Profit NOW at the expense of the future of others.
His claim to fame in Business.

magas at walmart aint going to like that :lol

[Thread]

magas at walmart aint going to like that :lol

Hunter Biden would LHAO if Trump hadn't done that to him. Trump did that.

[Tyronn Lue]

Hunter Biden would LHAO if Trump hadn't done that to him. Trump did that.
18>17. Biden did that.

[Thread]

18>17. Biden did that.

Grow up, squirt.

[Ef-man]

18>17. Biden did that.

Dollar Stores will change their names to the $5.99 Stores withe new tariffs on Chyna :lol

[Thread]

Dollar Stores will change their names to the $5.99 Stores withe new tariffs on Chyna :lol

...& American will apologize for it.

[UNT Eagles 2016]

18>17. Biden did that.

you mean 18 > 16.01

[Ef-man]

18>17. Biden did that.

War Chief Biden needs a bigger White House to hang all his maga scalps for sure.

It can't even fit the Yam Tits section which includes the 2020 scalp with the 8 million plus voter cluster, 34 felony scalps, 1 sexual assault scalp, $88M defamation scalps, and $480M fraud scalps, etc., etc., etc.

[Thread]

War Chief Biden needs a bigger White House to hang all his maga scalps for sure.

It can't even fit the Yam Tits section which includes the 2020 scalp with the 8 million plus voter cluster, 34 felony scalps, 1 sexual assault scalp, $88M defamation scalps, and $480M fraud scalps, etc., etc., etc.

+ Trump's latest...

Biden's boy's scalp upon our tee-pee lodge pole.

Trump did that.

[CosmicCowboy]

Thanks for making my point.

Taiwan worked hard to be indispensable to US (and world) on microchips and their gov invested heavily in that.

With Chyna threat to Taiwan, US is now investing in microchip industry as it should have done long ago.

Chinese solar panels of comparable quality to US are about 20% cheaper. Big part is scale of Chinese gov investment in the industry to become monopoly. Did not hurt they stole foreign patents and ipr. Having cheaper labor and fewer regs does not account for 20% difference, it is having Chinese gov oversight of maintaining monopoly (about 80% of world’s supply). Europeans are also taking steps to counter china’s fuckery in the industry.


TSM says they are still going to make Nvidia's fast chips in Taiwan even though they are building another plant in the US.

[Thread]

TSM says they are still going to make Nvidia's fast chips in Taiwan even though they are building another plant in the US.

Absolutely. And nary risk for (their) children if all get out goes haywire. It'll be (our) children sent to the Taiwan slaughter. We coulda made 'em here the entire time, but why waste a perfectly good MIC? Can't think of a single reason.

[Ef-man]

TSM says they are still going to make Nvidia's fast chips in Taiwan even though they are building another plant in the US.

Duh, TSMC's $40 billion Arizona project has been pushed back to 2025 due to a shortage of local expertise, with the second factory now slated for operation between 2027 and 2028.

[Thread]

Duh, TSMC's $40 billion Arizona project has been pushed back to 2025 due to a shortage of local expertise, with the second factory now slated for operation between 2027 and 2028.

Damned! Missed it by that much.