Like I Predicted Trade War Lasts For Months

Well, for those who were hoping that the trade war would be over soon, sorry but it has lasted for months. I predicted it would go on for months here:

I Predict The US/China Trade War Will Last For Months

Of course for those who are follow Trump because he has duped them into believing that he is a part of their downtrodden lot, one can only feel pity. What will be interesting to watch is the reaction of their elite masters who are going along with Trump's nonsense for the sake of their self-aggrandizement whether it be in the economic, political, or militaristic realm. They will be forced to watch while Trump, due to foolishness, destroys the source of their power.

Interesting

 

BTW, probably a good time to buy gold.

 

Ammo, can goods and other non-perishable items..

 

We've been in a trade war with China for 20 years. Up until Trump, we've just been sitting on our asses taking a beating. FYI

 

Exactly and Trump is finally punching back

 

It will last thru the election.
When Biden kills it, it will be a major stimulus.

 

FOR CHINA

 

Take a little pain now to ensure a future for the USA.

Every time the MSM fights Trump on trade it just means more pain for Americans. The MSM should support Trump and win for Americans. AMERI CAN if the MSM will get the hell out the way.

 

Not a bad idea in the long run

 

No, it won't last that long. Sometime in September it will start to bite US consumers which is why I said it would last at least three months in my original thread. However, by about June of next year, it will be intolerable. It won't go on any longer than somewhere around this time next year, if that long.

Trump has made a big mistake. Typical for an arrogant rookie who does not know how to think.

Kind of reminds me of chess. At one time there was a style of chess based on what is known as the Queen's Gambit. Basically it more or less revolves around an aggressive attack on the center in the early stages led by the Queen's pawn. For a while, this style dominated chess strategy. However, in response, there arose a style of chess known as Hypermodernism, which more or less revolved around laying back in the center, but focusing on defensive weakness created by the aggressive attack on the center by the opposition.

Part of the problem that Trump has is that he does not realize that although he has been able to leverage division along racial, ethnic, and economic lines in American society, he is simultaneously creating serious weakness in American society because of the divisions that are the result of his strategy. He, and the political and economic elites who are going along with his nonsense, will see their power start to erode when the effects of this trade war start to hit the weakened American society that he his presidency has fractured. They will be forced to concede. Trump should have thought this one out better.

Just like in the chess analogy, it might appear that some early gains are being made because of an aggressive attack, however the attack exposes weaknesses that an opponent who positions himself well defensively, while simultaneously attacking the weaknesses, exploits to his advantage.

Very bad move on Trump's part. He is no more than a shallow rookie who can't think.

 

You are probably right.
He will come out and say China has agreed to buy all our pigs feet so we have won.
Edit:
Actually I will be surprised if Trump goes thru with this next phase. He does know the average joe will see it.

 

Although the MSM is a problem, in this case its Trump who is the problem, not MSM.

Let me be more precise, IF Trump is stupid enough to actually impose tariffs on an additional $300 billion in consumer goods imported from China, he will concede by about this time next year.

Trump's stupidity will only result in needless suffering for US consumers. The problem is that to actually deal with the problem in this fashion, it would need to be done across the board, no exceptions, to places like Vietnam where some Chinese business is fleeing. Which brings us to the damn point. Trump and his elite enablers simply don't have the backbone for such bold action. They can't do it, even if they wanted to because, as I indicated earlier in the thread, Trump's power is based on creating division in American society. Therefore this is no more than a stupid, ill conceived plan. Time will expose it for what it is, the stupidity of a shallow conman.

 

Yep, he will come out an put forward some of his typical BS hubris, which his base will eat it up like suckers. Sad.

 

It's more important to have more people working and paying income taxes than have people consuming stuff that ends up in yard sales and garage sales in a few months, or is sold as bulk rags to industries by Goodwill.

Every time somebody escapes out of public assistance and goes to work the US Treasury gets a double boost.

 

Although it is important to have people working and paying taxes, what you have ignored is that you can't SUSTAIN people working and paying taxes if you don't have a solid manufacturing base. It is as simple as that. Trump and his elite enablers are not going to create a solid manufacturing base by putting tariffs on China, while not doing in kind to places like Vietnam. And like I said, Trump and his elite enables simply don't have the backbone for such bold action. They can't do it because they have severely fractured American society for the sake of acquiring some short term political power.

Like I said, it is merely a bunch of BS and time will expose it as such.

 

Do you check anything before you post? You claim Trump has "severely fractured American Society" through tariffs on China for their corporate espionage and excessive trade surplus that harms the American Worker, when US GDP continues to surprise to the upside, as do wage gains, as does manufacturing all while consumer prices are near inflation free and billions in tariffs are flowing to the US Treasury, thanks to Trump.



The Chinese Communists flood American Universities, DC Think Tanks, and politicians with cash, and as a result, the Swamp and much of the Left take China's side in every dispute.

As for 3rd world production shifting to Vietnam and other Asian nations, none of these other nations are building a military specifically to challenge the US military. Did you bother to consider that?

Trump HAS taken China down a few pegs: China’s decline is undeniable, as is President Trump’s contribution to it:

Donald Trump’s trade war with Beijing, including 25 percent tariffs on nearly half of China’s exports to the United States, accelerated China’s economic decline. The country’s growth rate last quarter was the slowest in nearly three decades, since its economy took off in the early 1990s. Even if the 6.2 percent growth figure can be trusted, it reveals not only the effect of Trump’s trade actions but the general weakness of an economy in which meaningful reform has stalled and inefficiencies are as prevalent as ever.

Chinese exports to America have collapsed. Its exports to the rest of the world have shrunk, too. Meanwhile, dozens of major companies, from Google to Dell, are reducing or eliminating their production in China, exacerbating the slowdown and reshaping global supply chains.

Worse for China’s economic future, perhaps, is a recent report that the country’s total debt, from corporations, households, and the government, now tops 300 percent of GDP—and much of it is caught up in opaque and complicated transactions that could become a ticking time bomb.​

 

I think I have pointed this out to you before, but your impressive graph is for annualized rates. So in reality Spanking is only collecting about 3 billion a month. Hardly a game changer.
In addition you are incorrect on the inflation caused by the tariffs. They are real even though the numbers are small - just like the tax receipts.

Ahh. And here I thought it was going to bring jobs back to America.

Let's think about this.... China's last quarter GDP was down3% over the previous quarter, while ours was down 30% - But Trump's killing who?

Everyone's trade has shrunk. The US exports are down 6 billion from the first 6 months of last year. Let's face it Trump broke it.

China has a lot of wiggle room on debt since it has a private savings rate of over 20% of GDP while we sit here at 5%.
I'm not trying to defend China, but you can't solve a problem if you don't know what the problem is.

 

We may be hurting, but China is hurting more so its a win. Plus this is more than just China. Its Indian, EU, and Canada too. Those countries have been benefitting so much from the US that if all teade comes toba halt we'd be better off net.

 

You are so wrong to place China in the same category with Canada, Europe and India.
China is an oppressive totalitarian regime and everything it does serves its goal to undermine and subvert the free world. It's the biggest threat to America.

 

The problem is not that I did not "check anything" before I posted, but rather that you, PERHAPS in your eagerness to defend your Republican party standard bearer, Trump, have inserted fiction into what I said.

This is an interesting case of projection because IF YOU HAD CHECKED AND THEREFORE READ THE THREAD WITH COMPREHENSION BEFORE YOU POSTED, you would have seen that I said this

To 'draw pictures/spoon feed' it to you, Trump is exacerbating fault lines and thus fracturing American society by doing things like this:



Now perhaps you love that type of thing, but there are others who find that type of behavior in a public speech by the president to be low class, stupid, childish, and offensive.

Futhermore



Damn!! Its like we have trailer trash as president.

You can't unite and lead a society through a trade war, while at the same time engaging in such petty, low class, stupid bickering.

 

No its not a win, its a lose. Xi Jinping has thought the matter out properly, he started preparing for just this type of thing when Trump took office. He's going to play defense and wait for the pressure to force Trump to concede. Its as simple as that.

 

Incoherent nonsense. You are on a topic about tariffs and engaging in elitist bleating about how the President refuses to be intimidated by "progressives" and the massive left-wing propaganda mega-corps.

The Left may feel like Trump put a star-drill through their brain by beating fat drunk Hillary, but no one else is "fractured". You are really projecting. You should study the teachings of Marianne, she could probably help you with this.

 

Have fun with that. The Chinese communists pour money into American Universities, Left-wing Think Tanks and politicians and the vocal Left takes the side of the Chinese government against the US Worker, in seemingly every dispute.

 

Yeah right.

Any rate, since apparently someone has to do the thinking and count the cards, I decided to help you and others who think like you out. I spelled the whole thing out in this thread

Xi Jinping Playing Chess, Trump Playing Checkers

Put down the partisan BS, read with comprehension and think my friend.

 

The trade tariffs will not end for many years. All we need now is to go back to the gold standard. End the Federal Reserve and stop printing money willy-nilly.