The trade war was started by your guy which means you have no credibility in defending his actions. Pretty simple.
China announces it seeks 'calm' end to trade war, as markets tank and currency hits 11-year flatline
- Thread starter Tsing Tao
- Start date
The trade war was started by your guy which means you have no credibility in defending his actions. Pretty simple.
Of course, as China and everyone else knows, except Trump supporters and our sociopathic narcissistic, tantrum throwing, child President-- China is in the driver's seat now. Trump will try and lie his way out of the mess he has made for himself, hoping that the U.S. trade relationship can be normalized before the election so he can take credit for a "huge" victory and "so much winning you wouldn't believe."
The danger for the U.S. now, however, is that China, if China wants to, could ride out the next 14 months. If they want to humiliate and punish Trump, they can. If they do, the economic damage done to, and chaos created within, the U.S. economy will be quite serious. Hopefully, they won't go quite so far as that. China is the adult in this room. They will want a normalization of trade relationship brought about by diplomatic negotiation. They want to end this silly tit for tat, tariff game that Trump started via his seat of the pajamas policy by early morning tweet. We'll know the situation has reached the crisis stage, if we get to the point that we'd rather have even Berlusconi in charge.
The danger for the U.S. now, however, is that China, if China wants to, could ride out the next 14 months. If they want to humiliate and punish Trump, they can. If they do, the economic damage done to, and chaos created within, the U.S. economy will be quite serious. Hopefully, they won't go quite so far as that. China is the adult in this room. They will want a normalization of trade relationship brought about by diplomatic negotiation. They want to end this silly tit for tat, tariff game that Trump started via his seat of the pajamas policy by early morning tweet. We'll know the situation has reached the crisis stage, if we get to the point that we'd rather have even Berlusconi in charge.
Ok, I'm not going to argue with you, my friend. I can see you're just itching for a fight again. I was wondering how long it was going to be before your hatred for Trump bled over to be openly hostile to me (I have tried to be supportive of you throughout our time here on ET and I still think the world of you). But it finally happened, and you'd rather attack me because I voted for Trump last time around - despite my clearly stating many times I did so as a no to Clinton and was hoping for a good candidate to choose other than Trump this time.
My best wishes to you, and I hope you find peace.
Please, have the last word.
Perhaps you'll recall who started this thread:
https://www.elitetrader.com/et/thre...nk-and-currency-hits-11-year-flatline.335424/
The question is whether China can ride out the next 14 months, or whether they actually believe a formidable challenger can be mounted against Trump in the coming election. Your TDS aside, China isn't doing so hot right now. I agree, if they were able to hunker down and hold out that they would. But I think they're a bit nervous about their ability to do so. Their economy is sick, way, WAY over-leveraged and they're beginning to experience social unrest (which is always what has frightened them the most).
What is being missed is China has 2 billion people to feed. Putting tariffs on imported food like soybeans, wheat, etc. hurts the Chinese consumers who consume those food products. Add to that, the job losses and US manufacturers leaving China, and Chinese firms ending up bankrupt, would put pressure on China. The massive amounts in the tens of billions they spend on the PLA to upgrade military equipment will be seriously, affected as well!
https://www.cnbc.com/2019/08/27/xinhua-china-insists-it-is-unaware-of-calls-to-trump.html
China insists it is unaware of calls to Trump and says tariffs are ‘extreme pressure’ and ‘not constructive at all’
“I have not heard of this situation regarding the two calls that the U.S. mentioned in the weekend,” Chinese Foreign Ministry spokesman Geng Shuang said at press conference on Tuesday. He had denied on Monday that the calls had taken place.
China insists it is unaware of calls to Trump and says tariffs are ‘extreme pressure’ and ‘not constructive at all’
“I have not heard of this situation regarding the two calls that the U.S. mentioned in the weekend,” Chinese Foreign Ministry spokesman Geng Shuang said at press conference on Tuesday. He had denied on Monday that the calls had taken place.
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Troll is gonna troll, I guess.