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Trump Tariffs

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    that guy in AZ Wrote:

    China says that trade talks with the United States will be held in D.C. in October. Since details about the tariffs change on a fairly regular basis, there is no guarantee that the trades will actually be held.

    Since they will be in D.C., do you supposed they'll stay at the Trump International Hotel?

    Image result for trump internatioal hotel in d.c.

    Just like all the other things, again nothing but lies. If I was China I would negate him until after the elections; he can't win if he has no China deal; the Chinese know this and will use it.
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    Thank God that there at least SOME rational world leaders left.

    I'd count Justin Trudeau, Emmanuel Macron and Angela Merkel on that list.

    The Italians just tossed out their far right leader, but the U.K. is getting to be as bad as Trumpland.

    With a little luck, Netenyahu will get tossed on September 17. Putin got 77% of the vote in the 2018 presidential election, so he will still be around for a while yet.

    Merkel is the first world leader to visit China since the end of the "troubles" in Hong Kong, and is in China specifically to iron out some of the issues with the tariff battle between China and the United States. This morning, she said that trade problems between China and the United States affect the whole world and that she hopes they will be resolved soon.

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    Tariffs imposed by President Trump have so far cost U.S. corporations $34 billion, according to data compiled by Tariffs Hurt the Heartland — a coalition of businesses and trade groups that oppose the tariffs — provided first to Axios.

    Why it matters: Trade negotiations are set to resume Thursday, and corporate America is hoping the U.S. and China — whose tit-for-tat battle has cost companies the most — strike a truce.

    But things aren't looking great: China is censoring access to NBA games, the U.S. is blacklisting certain Chinese companies and U.S. companies fear the impact of tariffs on holiday season sales.

    By the numbers: The $34 billion hit that U.S. companies have taken from the Trump tariffs doesn't include the 15% tax on $112 billion worth of Chinese imports — including clothes and shoes — that went into effect on Sept. 1.

    • Next week: U.S. tariffs on $250 billion worth of Chinese goods are scheduled to rise to 30% from 25%.
    • While consumer confidence remains at elevated levels, Tariffs Hurt the Heartland points to Wall Street research that projects households would see costs rise by $1,000 after the most recent round of tariffs takes effect — offsetting the benefit consumers got from the tax cuts.
    • In the meantime, economists fear the trade war is weighing on the global economy — and the could be the catalyst for a recession in the U.S.

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    Looking at the whole picture right now; then this country is doomed. China is roaring mad; they ( Trump clan) are now blocking visa's for anti China people ( thus the Trump clan) also only the "vice"was coming and likely will stay only one day. I guess the message from the Chinese will be f.y. Furthermore the Turkish happening will end up in disaster; he also scolded NATO for not paying "him" etc. etc. The Kurds should have helped in Normandy; how nuts can you get? But yeah this stupid country refuses to cart this guy to the nuthouse and still does not know how to get rid of this "mob" criminal.

    How long can this go on? The Dem's are still in "what to do" land, so is Jesus going to help? No, this country is "doomed" if they don't take solid fast action Amen.

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    The latest today: Trump said he will sign an deal with China, WITHOUT Congress approval or review. He "alone" can do that?

    Yes "dictatorship" in clear view!!

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    Now the big "trick" came put of the "hat"; the excuse is now the "invention" of "phases". This is "phase 1" according to the "negotiators"; there will be 3 phases (or more?). Wow, I guess an clever way to have an other "cover-up".

    My feeling is that the Chinese know about the "impeachment" issue and want to stretch it until after the 2020 election.

    I hope so because another "win" for Trump may improve his re-election chances.

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    Henry Kissinger spoke at the National Committee on U.S. China Relations in New York on Thursday. Kissinger said intensifying Sino-American conflicts would potentially be “worse than world wars,” and added that a prolonged spat could have a “catastrophic outcome.”

    The 96-year-old Bavarian-born historian and practitioner of realpolitik, who argues that foreign policy should be based on maintaining a balance of power between nations rather than on ideology, is credited with helping resolve U.S.-China differences in the 1970s and has personally met with the current China President Xi Jinping.

    Kissinger’s comments come as White House economic adviser late Thursday said negotiators are getting close to an agreement, but that President Donald Trump wasn’t yet ready to sign off. Trump “likes what he sees, he’s not ready to make a commitment, he hasn’t signed off on a commitment for phase one, we have no agreement just yet for phase one,” he said at a Council on Foreign Relations event, according to The Wall Street Journal.

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    I bet that China does not want to do anything; they follow the news here, so are not inclined to proceed, except if all the tariffs are cancelled, as they've said clearly. Trump is lying and twisting like an deal is very close, but the Bloomberg Asia channel says otherwise. At least in China they still have "brains".
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    Bloomberg, December 18, 2019: Trump’s Tariffs Revived a Steel Town, But Industry Is Unforgiving

    As Bloomberg notes, "U.S. Steel’s furnaces in Granite City, Illinois, are burning again. No one knows how long they will stay lit."

    The Trump 25 percent tariff on imported steel gave a reprieve to US Steel's Granite City steel mill that had closed and then reopened after Trump's tariffs went into effect. However, the Granite City steel mill's days are numbered. It was built in 1921 and is inefficient compared to the many nimbler and more efficient "mini-steel" mills that have opened up in the southern USA where labor is also cheaper and non-unionized.

    Another factor that does not bode well for the Granite City mill that Trump touts and brags about at every opportunity is that there is a glut of steel on the market right now despite the Trump tariffs and "booming economy". Prices of steel are down 40 percent from the 2018 highs after Trump's tariffs were announced.

    Like all manufacturing in the so called "Rust Belt", simply reviving old plants without investing in new more efficient technologies is not going to cut it. Rusty old plants and mills cannot compete in the long run. It's also why much of the auto industry manufacturing continues to slowly move away from Michigan and Ohio to other US states...and Mexico.

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    According to trade and foreign policy analysts, withdrawing the US from the Asia-Pacific trade pact designed to promote US economic and strategic interests over China’s will go down as one of the worst decisions made by an American president in the last 50 years.

    Trump’s trade policies, particularly tariffs on steel and aluminum, have resulted in the layoff of many manufacturing workers. According to research by Mary Amiti, an economist at the Federal Reserve Bank of New York, and Columbia University economists Sang Hoon Kong and David Weinstein, the tariffs caused companies listed on the US stock market to lose an estimated $1.7 trillion in market value.

    The administration levied tariffs on $350 billion worth of imports from China. The Congressional Budget Office estimated the Trump tariffs cost the average U.S. household more than $1,200 a year. The Biden administration has maintained the tariffs.”

    So much for Making America Great Again

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    It only shows that this country seldom has any "long term plans" or "policies"; The world around us hates to do business with "unreliable" partners. China always had long"term" planning and it works to their advantage. Every "four years", then this country starts something else or continues the stupidity of the previous Presidents. Sorry such creates "chaos" and no sound policies over time. Tariffs don't help; China will then only expand their"trade" somewhere else.

    Where are our "high speed" trains? and fantastic buildings as China has right now as in Dubai. We can barely maintain our existing highways and rail as well our "debt", but it seems "politics" get priority. Wake up America ; change your habits and "governing system" ; the Brits did not fit within Europe; the US does not fit the "world", by adopting the "British" system of "governing" which is doomed to fail with two far apart parties only. Amen

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    Neither does the Pope help, Pelosi and Biden. I guess Putin does not go to "church" neither Xi.