LOL Trump" "trade wars are easy"

[RandomGuy]

In a move that should surprise no one with a clue:

----------------------------------------------------------------

Trump signals trade deal with China could be delayed until after 2020 election

LONDON – President Donald Trump signaled Tuesday that the White House's trade war with China could drag on for some time after he said it might be better to wait to sign an agreement with Beijing until after the 2020 presidential election.

"In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now, and we will see whether or not the deal is going to be right," Trump told reporters in London, where he is taking part in two days of NATO meetings that coincide with the military alliance's 70th anniversary.

The election is in November next year.

"I have no deadline, no. ... In some ways I think it is better to wait until after the election, if you want to know the truth," Trump said when pressed about whether he had a deadline for the deal that, while it is being worked out, has seen the U.S. and China impose billions of dollars of tariffs on each other's goods since 2018.

https://www.usatoday.com/story/news/world/2019/12/03/us-china-trade-deal-trump-2020-election/2594157001/


------------------------------------------------------

He had no clue what he was getting into, and no idea how to get out of it. They have decided to run out the clock. As the election nears, fewer and fewer will want to deal with him. He is a lame duck, last year president that no one thinks will be around after the election.

[basquetbol]

Is Trump still handing out welfare to soy farmers? China already punked Trump once with soy beans, Trump slapped a tariff on soy beans then China decided to buy soy beans from Brazilian farmers instead of American farmers.

[RandomGuy]

Is Trump still handing out welfare to soy farmers? China already punked Trump once with soy beans, Trump slapped a tariff on soy beans then China decided to buy soy beans from Brazilian farmers instead of American farmers.

Pretty much.

Bankruptcies have reached record levels, even so. Most of the bailout money is going to huge corporate farms.

[RandomGuy]

Is Trump still handing out welfare to soy farmers? China already punked Trump once with soy beans, Trump slapped a tariff on soy beans then China decided to buy soy beans from Brazilian farmers instead of American farmers.

Reaction to the tarriffs was that China put a huge effort into more efficient methods of feeding that, when fully implemented avoid 25% of what they currently consume, permanently reducing their overall demand per pound of pork produced. (most soy in China is used to feed animals).

Trumps defenders here said that "demand would just shift elsewhere" and grew remarkably silent when it didn't pan out.

[hater]

Congress hijacked any trade talk with their hong kong bills

thats why Dump threw his hands and gave up

this actually might help him get reelected as he is great at demonizing china

:lol demofrats

[DMC]

Good bump material

[boutons_deux]

China decided to buy soy beans from Brazilian farmers instead of American farmers.

Trash then punished Brazil and Argentina with tariffs on steel and aluminum for selling ag products to China that Trash won't.

[CosmicCowboy]

Reaction to the tarriffs was that China put a huge effort into more efficient methods of feeding that, when fully implemented avoid 25% of what they currently consume, permanently reducing their overall demand per pound of pork produced. (most soy in China is used to feed animals).

Trumps defenders here said that "demand would just shift elsewhere" and grew remarkably silent when it didn't pan out.

Half their pig population has died of Swine Fever. Dead pigs don't eat soybeans.

[RandomGuy]

Half their pig population has died of Swine Fever. Dead pigs don't eat soybeans.

Even worse for US farmers, since the demand has gone down faster on the short term. Long term "demand destruction" is what they were aiming for, so this suits them.

[RandomGuy]

Good bump material

France vows strong retaliation after U.S. threatens sanctions
https://news.yahoo.com/france-vows-strong-retaliation-u-121116729.html

[spurraider21]

Dead pigs don't eat soybeans.
Do living cows fart?

[SpursforSix]

Do living cows fart?

:lol

[DMC]

France vows strong retaliation after U.S. threatens sanctions
https://news.yahoo.com/france-vows-strong-retaliation-u-121116729.html

oooh strong retaliation from France. What are they going to do, surrender en masse? Smoke a cigarette and glare in our direction? Raise a nose en passant to the stoopeed American homosexualles?

[ChumpDumper]

Half their pig population has died of Swine Fever. Dead pigs don't eat soybeans.Pork prices in China have gone down for the past month.

[Winehole23]

oooh strong retaliation from France. What are they going to do, surrender en masse? Smoke a cigarette and glare in our direction? Raise a nose en passant to the stoopeed American homosexualles?
Do you think Trump's mania for tariffs is improving things for the USA?

If so, how so?

[DMC]

Do you think Trump's mania for tariffs is improving things for the USA?

If so, how so?
Do you still beat your wife? If so, why?

[DMC]

Pork prices in China have gone down for the past month.

:lol because farmers are afraid they are going to lose everything so they sold off.
:lol you'll pull anything from your ass to try to argue...

[Winehole23]

Do you still beat your wife? If so, why?Trump not improving things?

What''s your point?

[Winehole23]

You said this was bump worthy.

What's bump worthy?

[DMC]

Trump not improving things?

What''s your point?

Ask a legit, unloaded question.

[DMC]

You said this was bump worthy.

What's bump worthy?

I never said that. I said it was good bump material. Like in December next year if Trump is still Potus... bump.

These kinds of threads that make predictions often make good bump material.

[Winehole23]

Ah yes, predictions make such a target rich environment for rigorous fence-sitters like you.

Have you developed a sideways groove in your ass, DMC?

[ChumpDumper]

:lol because farmers are afraid they are going to lose everything so they sold off.
:lol you'll pull anything from your ass to try to argue...
:lol no

You'll make up any lie just to try to argue....

You know fuck all about this. :lol

[pgardn]

We got a real businessman now making deals and borrowing from Deutschebank.

[boutons_deux]

We got a real businessman now making deals and borrowing from Deutschebank.

the DB manager who oversaw DB loans to Trash committed suicide

[RandomGuy]

oooh strong retaliation from France. What are they going to do, surrender en masse? Smoke a cigarette and glare in our direction? Raise a nose en passant to the stoopeed American homosexualles?

or push the EU into harder lines in negotiating with the US, or at the WTO.

[RandomGuy]

Ask a legit, unloaded question.

Are the tariffs improving the US trade position?

Don't see how that is a "loaded question".

[DMC]

Ah yes, predictions make such a target rich environment for rigorous fence-sitters like you.

Have you developed a sideways groove in your ass, DMC?

At least you understand the simple concept now that I had to draw it out for you. Your snarky quip doesn't recuse you of your ignorance.

[DMC]

Are the tariffs improving the US trade position?

Don't see how that is a "loaded question".

Of course, now that you moved the goalpost. Try quoting the actual question.

[DMC]

:lol no

You'll make up any lie just to try to argue....

You know fuck all about this. :lol

Yet still I shut you down that quick.

[Winehole23]

At least you understand the simple concept now that I had to draw it out for you. Your snarky quip doesn't recuse you of your ignorance.of what?

[DMC]

of what?

The simple concept. Are you really that dense?

[ChumpDumper]

Yet still I shut you down that quick.

:lol no

[RandomGuy]

Of course, now that you moved the goalpost. Try quoting the actual question.

Not really moving the goalpost. You have used the term incorrectly here.

Let me rephrase then simply, disregarding any previous question.

Are the tariffs improving the US trade position?

[DMC]

Not really moving the goalpost. You have used the term incorrectly here.

Let me rephrase then simply, disregarding any previous question.

Are the tariffs improving the US trade position?
Quote the post. Why is that too difficult for you?

[RandomGuy]

Do you think Trump's mania for tariffs is improving things for the USA?

If so, how so?


Ask a legit, unloaded question.


Are the tariffs improving the US trade position?

Don't see how that is a "loaded question".


Of course, now that you moved the goalpost. Try quoting the actual question.


Not really moving the goalpost. You have used the term incorrectly here.

Let me rephrase then simply, disregarding any previous question.

Are the tariffs improving the US trade position?


Quote the post. Why is that too difficult for you?

No thanks. I prefer my own question. You asked for a legit, unloaded question, I provided one. I can talk about either Trump's affinity for tariffs being harmful or not, or are the tariffs actually causing harm. I prefer the latter for the moment. I can even talk about the underlying assumption, i.e. does Trump have an affinity for tariffs.

For the moment though:

Are the US tariffs improving the US trade position?

[ChumpDumper]

:lol DMC is afraid to state an opinion.

[Winehole23]

The simple concept. Are you really that dense?Still clearing your throat?

You seem to have a little trouble saying what you mean to say.

[DMC]

No thanks. I prefer my own question. You asked for a legit, unloaded question, I provided one. I can talk about either Trump's affinity for tariffs being harmful or not, or are the tariffs actually causing harm. I prefer the latter for the moment. I can even talk about the underlying assumption, i.e. does Trump have an affinity for tariffs.

For the moment though:

Are the US tariffs improving the US trade position?
You butted in with a paraphrase. I didnt ask anything. If you cannot recalibrate in fear of losing ground, you arent worth the effort.

[DMC]

Still clearing your throat?

You seem to have a little trouble saying what you mean to say.

I don't know if you're trolling or just stupid. It's laid right out there in the post you quoted, idiot.

[DMC]

:cry please pick a side so I can spend all night asking loaded questions

[ChumpDumper]

None of this is your business, DMC.

:lol

[RandomGuy]

:lol DMC is afraid to state an opinion.

That would require effort. The kind of thing he tends not to do. (https://www.spurstalk.com/forums/showthread.php?t=281855&page=3&p=9975963&viewfull=1#post9975963)

[RandomGuy]

... You asked for a legit, unloaded question, I provided one. ...

For the moment though:

Are the US tariffs improving the US trade position?


You butted in with a paraphrase. I didnt ask anything. If you cannot recalibrate in fear of losing ground, you arent worth the effort.


Ask a legit, unloaded question.

You literally asked for an unloaded question, now are bitching about being given one. FFS

[DMC]

You literally asked for an unloaded question, now are bitching about being given one. FFS

There's no question there at all. I didn't ask for anything.

[RandomGuy]

There's no question there at all. I didn't ask for anything.

:lmao

Stuff a potato in your ass.

See how I didn't ask? :rollin

[RandomGuy]

...I can talk about either Trump's affinity for tariffs being harmful or not, or are the tariffs actually causing harm. I prefer the latter for the moment. I can even talk about the underlying assumption, i.e. does Trump have an affinity for tariffs...


You butted in with a paraphrase. I didnt ask anything. If you cannot recalibrate in fear of losing ground, you arent worth the effort.

Pick a lane then. Which one do you want to talk about?

Or are you going to run away from taking a stand again? :lol

[ChumpDumper]

Pick a lane then. Which one do you want to talk about?

Or are you going to run away from taking a stand again? :lol

:lol he's just a chickenshit when it comes down to it.

[RandomGuy]

:lol he's just a chickenshit when it comes down to it.

It would seem so.

"but I didn't ask for what I asked for". :rollin

You can't make this stuff up.

[DMC]

Some of you need a target. You insist someone pick a side so you can launch your shit balls at them. I don't need to pick a side. I can be objective. Don't go into shock.

[RandomGuy]

Some of you need a target. You insist someone pick a side so you can launch your shit balls at them. I don't need to pick a side. I can be objective. Don't go into shock.

So objective you don't have a take. That is some next level chess, Sir DMC.

https://i.pinimg.com/736x/e8/db/6e/e8db6ebd8dd82b63dfad49026060566c.jpg

The vicious chicken of Bristol is that way... :lol

[ChumpDumper]

Some of you need a target. You insist someone pick a side so you can launch your shit balls at them. I don't need to pick a side. I can be objective. Don't go into shock.:lol just making excuses for your being a chickenshit. Don't go into shock because we pointed it out, chickenshit.

[ChumpDumper]

So objective you don't have a take. That is some next level chess, Sir DMC.

https://i.pinimg.com/736x/e8/db/6e/e8db6ebd8dd82b63dfad49026060566c.jpg

The vicious chicken of Bristol is that way... :lol:lmao pretending it's impossible to have an objective opinion about the effect of tariffs on the US trade position.

[DMC]

So objective you don't have a take. That is some next level chess, Sir DMC.

https://i.pinimg.com/736x/e8/db/6e/e8db6ebd8dd82b63dfad49026060566c.jpg

The vicious chicken of Bristol is that way... :lol
I have a take. Unlike you I realize no one really gives a shit.

[DMC]

:lmao pretending it's impossible to have an objective opinion about the effect of tariffs on the US trade position.

:lol Pretending I said that.
:lol Chumpy an expert now on US trade relations

[ChumpDumper]

:lol Pretending I said that.
:lol Chumpy an expert now on US trade relations:lol Pretending I said that.

So what is your objective opinion about the effect of tariffs on the US trade position?

[DMC]

:lol Pretending I said that.

So what is your objective opinion about the effect of tariffs on the US trade position?

I will not be pawed at.

[ChumpDumper]

I will not be pawed at.:lmao why are you so terrified to give your opinion?

Such a big talker when you're biting ankles....

This is a discussion board, after all.

[DMC]

:lmao why are you so terrified to give your opinion?

Such a big talker when you're biting ankles....

This is a discussion board, after all.
You don't seem to be able to get anyone to talk to you. Maybe look inward?

[ChumpDumper]

You don't seem to be able to get anyone to talk to you. Maybe look inward?Plenty of people talk to me here.

You're talking to me right now.

Why are you so afraid?

Maybe look inward?

[DMC]

Plenty of people talk to me here.

You're talking to me right now.

Why are you so afraid?

Maybe look inward?

:lol

I've seen the multiple pages of 2 or three word back and forth in all these "plenty of people talk to me here" exchanges. Your reputation for conversation is less than stellar. For that reason, I'm out.

[ChumpDumper]

:lol

I've seen the multiple pages of 2 or three word back and forth in all these "plenty of people talk to me here" exchanges. Your reputation for conversation is less than stellar. For that reason, I'm out.:lol Just say you're terrified to express your opinion after all your tough guy acting.

It's not a crime.

Embarrassing, maybe.

[RandomGuy]

I have a take. Unlike you I realize no one really gives a shit.

Nearly fought the fierce dragon of Angnor...

:rollin

[TSA]

https://mobile.twitter.com/LouDobbs/status/1205525576167149569

[pgardn]

Basic WSJ take since this business is difficult:

Trump creates a problem to solve.
Calls it Progress.

This is his basic foreign policy modus operandi as well.

[ChumpDumper]

https://mobile.twitter.com/LouDobbs/status/1205525576167149569

:lol rube

[boutons_deux]

https://mobile.twitter.com/LouDobbs/status/1205525576167149569

Lou FUCKING GREASEBAG Dobbs? Just another Fox opionator asshole

historic? :lol

I'll wait for the analyses that will probably show the oligarchy winning, and the non-oligarchy losing

[DMC]

Basic WSJ take since this business is difficult:

Trump creates a problem to solve.
Calls it Progress.

This is his basic foreign policy modus operandi as well.
Sure, idiot. There was no issue before that.

[ElNono]

Incredible capitulation by the POTUS... but you could see it coming entering election season. The whole farmers subsidy wasn’t going to fly during the campaign and he was also hurting big tech bottom line.

[boutons_deux]

Incredible capitulation by the POTUS...

Trash created a godawful disaster that killed jobs, bankrupted farmers, etc, and costs Amerians $10Bs.

When he "says" he fixes HIS problem, he brags he's The Best President Ever.

As always with Trash, HE'S FUCKING LYING, same with NAFTA 2.0

[ElNono]

Trash created a godawful disaster that killed jobs, bankrupted farmers, etc, and costs Amerians $10Bs.

When he "says" he fixes HIS problem, he brags he's The Best President Ever.

As always with Trash, HE'S FUCKING LYING, same with NAFTA 2.0

oh ok

[Winehole23]

Incredible capitulation by the POTUS... but you could see it coming entering election season. The whole farmers subsidy wasn’t going to fly during the campaign and he was also hurting big tech bottom line.Are there any hard details on this deal, or is it more diplomacy by press release?

[TSA]

https://mobile.twitter.com/Breaking911/status/1208921659765338112

[ChumpDumper]

https://mobile.twitter.com/Breaking911/status/1208921659765338112Which ones?

The ones they put tariffs on after the war started?

[TSA]

https://mobile.twitter.com/Breaking911/status/1208921659765338112

Next year, China will implement temporary import tariffs, which are lower than the most-favored-nation tariffs, on more than 850 products, the finance ministry said on Monday. That compared with 706 products that were taxed at temporary rates in 2019.

https://mobile.reuters.com/article/amp/idUSKBN1YR02Z?__twitter_impression=true

[boutons_deux]

typical bullshit "victory" that Trash and his mafiya will LIE about.

$20B that Americans paid for Trash's tariffs, who pays that back?

bankrupt farmers?

70K solar jobs lost?

[ElNono]

China knows that entering a trade deal will inevitably include the inability to manipulate their currency, so they won’t be making any deals until at least the next election. Notice how the current patch work don’t penalize them at all for their last round of manipulation, despite being called out for it.

This is the flaw of having a unipersonal trade policy vs a national strategy. People inevitably come and go.

[RandomGuy]

China knows that entering a trade deal will inevitably include the inability to manipulate their currency, so they won’t be making any deals until at least the next election. Notice how the current patch work don’t penalize them at all for their last round of manipulation, despite being called out for it.

This is the flaw of having a unipersonal trade policy vs a national strategy. People inevitably come and go.

China is waiting out Trump. They tend to take the long view in a lot of cases.

[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.

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.

White House officials have acknowledged that some key issues remain unresolved. :lol

Lighthizer has said

“a lot of hard things” have been left to future talks, :lol

which most analysts say will be arduous and unlikely to bear fruit before the November election. :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)

I'm sure China wants Trash gone, and will not give him any sickening WINS before Nov 2020.

iow, Trash Phase One is total bullshit, a huge turd fed to his cult mob who will eat anything he says as Bible "truth"

[DMC]

China also knows that there's a possibility that Trump will not be around in December 2020. If that happens, the US returns to business as usual and China's current options are likely off the table.

[Winehole23]

China also knows that there's a possibility that Trump will not be around in December 2020. If that happens, the US returns to business as usual and China's current options are likely off the table.That's what RG and El Nono just said.

Lol sloppy seconds.

[DMC]

That's what RG and El Nono just said.

Lol sloppy seconds.

No, RG says they are waiting out Trump. El says they are waiting for the next election.

The sloppy seconds was your asshole.

[ChumpDumper]

No, RG says they are waiting out Trump. El says they are waiting for the next election.

The sloppy seconds was your asshole.You're gay.

[Winehole23]

lol hairsplitting

lol homoerotic tuff guy fantasies

[Winehole23]

Wine related, a 100% tariff on some European wines and sparkling wines will go into effect on January 15.

There's an embedded link @ the link if you'd like to give the US trade rep a piece of your mind.

Seems silly to emphasize, but many Trumpistas are unclear on the concept. US tariffs are collected from US companies in the biz, and ultimately by US consumers, who will now be looking at a price tag 100% bigger for the covered products.



The Fine Wine Alliance in the US estimates that if the 100% tariff is implemented, likely losses would be more than $2 billion in revenue and 10,000 jobs – in America. Seems a strange way to try to make Europe suffer...https://www.jancisrobinson.com/articles/prevent-yet-more-us-tariffs-european-imports

https://www.regulations.gov/document?D=USTR-2019-0003-2518

Deets on the tariff:

https://ustr.gov/search?q=Wine+tariff

[Winehole23]

1213393899374268416

[DMC]

lol hairsplitting

lol homoerotic tuff guy fantasies

Bend over, I'll split your fuckin' hair.

[DMC]

Wine related, a 100% tariff on some European wines and sparkling wines will go into effect on January 15.

There's an embedded link @ the link if you'd like to give the US trade rep a piece of your mind.

Seems silly to emphasize, but many Trumpistas are unclear on the concept. US tariffs are collected from US companies in the biz, and ultimately by US consumers, who will now be looking at a price tag 100% bigger for the covered products.

https://www.jancisrobinson.com/articles/prevent-yet-more-us-tariffs-european-imports

https://www.regulations.gov/document?D=USTR-2019-0003-2518

Deets on the tariff:

https://ustr.gov/search?q=Wine+tariff
Is Thunderbird or Maddog affected?

[Winehole23]

Bend over, I'll split your fuckin' hair.You only wish.

[TSA]

US Trade Deficit Hits 3-Year Low: ‘Trump’s China Hard Line Is Working,’ Expert Says

The United States’ November 2019 trade deficit fell to its lowest point in more than three years, suggesting the Trump administration’s agenda to recalibrate international flows of goods and services is having an impact.

The trade deficit fell 8.2 percent to $43.1 billion, the lowest since October 2016, the Commerce Department said on Jan. 7

“As of this morning’s figures, the total U.S. trade deficit is heading for its first year-over-year decline since 2013, when U.S. growth was a good deal lower than what’s likely for this year,” trade expert Alan Tonelson told The Epoch Times.

The goods trade deficit with China, the focus of the White House’s “America First” agenda, decreased 15.7 percent to $26.4 billion, with imports decreasing 9.2 percent and exports increasing by 13.7 percent.



Tonelson argued that the trade figures, which pertain to November flows of goods and services, “show that Trump’s China hard line is working.” He urged the administration to maintain its pressure in the trade dispute and take further steps to decouple the two countries’ economies.

“Decoupling the U.S. economy from China’s is crucial for U.S. prosperity because the pre-Trump policy of expanding trade and commerce with the People’s Republic has been such a net loser for the American economy,” Tonelson said.

“And it’s crucial for U.S. national security because the pre-Trump policies recklessly transferred so much in the way of resources and defense-related technology to an increasingly hostile and aggressive China.”

The Commerce Department figures also show that the goods trade gap with the European Union fell 20.2 percent to $13.1 billion.

Though Washington and Beijing in December hammered out a “phase one” trade deal, uncertainty remains about the details of the agreement. Trump wrote on Twitter on Dec. 31, 2019, that the partial deal would be signed on Jan. 15 at the White House.

While the 18-month-long U.S.–China trade war is widely reported as having dampened business investment, the new Commerce Department figures show a slight rise in capital expenditures.

“Thanks to the new November final numbers, U.S. core capex turned positive again year-over-year,” Tonelson said. “The increase is just 0.4 percent, but the monthly improvement was the second straight and the eighth this year, despite all the trade war uncertainty caterwauling.”

U.S. financial markets were little moved by the decline in the trade deficit, which was flagged in an advance report published on Dec. 30, 2019.

Trump has made reducing the trade deficit a major priority of his administration.

Economists expect trade will add at least 1.5 percentage points to GDP growth in the fourth quarter after being a drag for two straight quarters.

The Atlanta Federal Reserve is forecasting GDP increasing at a 2.3 percent annualized rate in the fourth quarter. The economy grew at a 2.1 percent pace in the third quarter.

https://m.theepochtimes.com/us-trade-deficit-hits-3-year-low-trumps-china-hard-line-is-working-expert-says_3196222.html/amp?__twitter_impression=true

[RandomGuy]

US Trade Deficit Hits 3-Year Low: ‘Trump’s China Hard Line Is Working,’ Expert Says

The United States’ November 2019 trade deficit fell to its lowest point in more than three years, suggesting the Trump administration’s agenda to recalibrate international flows of goods and services is having an impact.

The trade deficit fell 8.2 percent to $43.1 billion, the lowest since October 2016, the Commerce Department said on Jan. 7

“As of this morning’s figures, the total U.S. trade deficit is heading for its first year-over-year decline since 2013, when U.S. growth was a good deal lower than what’s likely for this year,” trade expert Alan Tonelson told The Epoch Times.

The goods trade deficit with China, the focus of the White House’s “America First” agenda, decreased 15.7 percent to $26.4 billion, with imports decreasing 9.2 percent and exports increasing by 13.7 percent.



Tonelson argued that the trade figures, which pertain to November flows of goods and services, “show that Trump’s China hard line is working.” He urged the administration to maintain its pressure in the trade dispute and take further steps to decouple the two countries’ economies.

“Decoupling the U.S. economy from China’s is crucial for U.S. prosperity because the pre-Trump policy of expanding trade and commerce with the People’s Republic has been such a net loser for the American economy,” Tonelson said.

“And it’s crucial for U.S. national security because the pre-Trump policies recklessly transferred so much in the way of resources and defense-related technology to an increasingly hostile and aggressive China.”

The Commerce Department figures also show that the goods trade gap with the European Union fell 20.2 percent to $13.1 billion.

Though Washington and Beijing in December hammered out a “phase one” trade deal, uncertainty remains about the details of the agreement. Trump wrote on Twitter on Dec. 31, 2019, that the partial deal would be signed on Jan. 15 at the White House.

While the 18-month-long U.S.–China trade war is widely reported as having dampened business investment, the new Commerce Department figures show a slight rise in capital expenditures.

“Thanks to the new November final numbers, U.S. core capex turned positive again year-over-year,” Tonelson said. “The increase is just 0.4 percent, but the monthly improvement was the second straight and the eighth this year, despite all the trade war uncertainty caterwauling.”

U.S. financial markets were little moved by the decline in the trade deficit, which was flagged in an advance report published on Dec. 30, 2019.

Trump has made reducing the trade deficit a major priority of his administration.

Economists expect trade will add at least 1.5 percentage points to GDP growth in the fourth quarter after being a drag for two straight quarters.

The Atlanta Federal Reserve is forecasting GDP increasing at a 2.3 percent annualized rate in the fourth quarter. The economy grew at a 2.1 percent pace in the third quarter.

https://m.theepochtimes.com/us-trade-deficit-hits-3-year-low-trumps-china-hard-line-is-working-expert-says_3196222.html/amp?__twitter_impression=true

Meh. Tax imports, you get less of them. This is not difficult.

Raise taxes on the middle class to pay for this spectacular achievement, right after massive budget busting cuts for the wealthy.

smh.

Keep clapping, useful idiot.

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs (https://news.yahoo.com/trump-tariffs-cost-consumers-163409804.html)

[boutons_deux]

Trash's bullshit trade war has cost Americans about $20B and cost 300K jobs.

[RandomGuy]

That's what RG and El Nono just said.

Lol sloppy seconds.

No Take McGurk strikes again. "it might rain, but then again, it might not".

[RandomGuy]

Trash's bullshit trade war has cost Americans about $20B and cost 300K jobs.


American consumers and businesses paid at least $42 billion for the tariffs as of October 2019, according to an analysis from Tariffs Hurt the Heartland (THH). In October 2019, the trade war cost an additional $7.2 billion through tariffs, an $1 billion increase from October 2018.
https://news.yahoo.com/trump-tariffs-cost-consumers-163409804.html

20 is a bit on the low end. Not sure about the quoted think tank, but it is likely a fair amount higher than that from the majority of serious reporting I have been reading.

[boutons_deux]

https://news.yahoo.com/trump-tariffs-cost-consumers-163409804.html

20 is a bit on the low end. Not sure about the quoted think tank, but it is likely a fair amount higher than that from the majority of serious reporting I have been reading.

businesses and consumers pay the "tarif tax" straight to the govt, yet still the budget deficit is exploding.

And Trash still thinks China pays the tariffs, and therefore so does his cult mob.

[RandomGuy]

businesses and consumers pay the "tarif tax" straight to the govt, yet still the budget deficit is exploding.

And Trash still thinks China pays the tariffs, and therefore so does his cult mob.

Dude, you are assuming stupidty (doesn't know), without ruling out evil (knows but doesn't care he is lying).

Pretty sure the latter is more accurate.

[boutons_deux]

Dude, you are assuming stupidty (doesn't know), without ruling out evil (knows but doesn't care he is lying).

Pretty sure the latter is more accurate.

I don't assume. I know, from 4? years of Trash, that is he stupid (illiterate, uneducated, unread, incurious), ignorant, and evil.

Fils pourri par excellence but of course, he racist, predatory, slum lord father was pere pourri

[SnakeBoy]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs (https://news.yahoo.com/trump-tariffs-cost-consumers-163409804.html)

I thought your side wanted businesses to pay more taxes

[RandomGuy]

I thought your side wanted businesses to pay more taxes

https://www.nytimes.com/2016/01/24/magazine/why-are-corporations-hoarding-trillions.html

[RandomGuy]

I thought your side wanted businesses to pay more taxes

Not really all that bothered about corporations paying more taxes, if it is offset by tax cuts on the middle class. It isn't.

Is it ok with you that Golfer in Chief is lying about who is really paying for it?