Trump Plays Dangerous Game Of Chicken With Trade Tariffs

More Trump cherry-picking.

https://www.factcheck.org/2018/04/presidential-approval-numbers/

What was the state of the economy when Obama took office vs when Trump took office? Vastly different context.

The media coverage that Trump gets is entirely of his own creation. The only reason he can so confidently shout 'fake news' is that he himself is the source of falsehoods. It's a polite way of saying he has made a career of lying. He gets the benefit of the doubt in that it's difficult to prove intent with just a cursory review.

If anything he is the poster man-child of male white privilege. If one can't acknowledge this fundamental aspect of his character, then most likely one suffers from the same ignorance and prejudice.

The most ignorant and hateful are the extreme liberals in power! There is Nancy Pelosi, Barack Obama who said, you did not build that! You lost, get over it! Hillary Clinton who called Trump voters as a basket of deplorables? Blacks were super predators! Nobody called her out on that racist remark just because she was an utter liberal! Utter hypocrites you cannot take seriously. LOL. You want more lies? Your premiums will go down and you will save $2,500. You can keep your doctor. etc. Obamacare lies repeated by Obama, you guys perfected being utter liars!
 
The most ignorant and hateful are the extreme liberals in power! There is Nancy Pelosi, Barack Obama who said, you did not build that! You lost, get over it! Hillary Clinton who called Trump voters as a basket of deplorables? Blacks were super predators! Nobody called her out on that racist remark just because she was an utter liberal! Utter hypocrites you cannot take seriously. LOL. You want more lies? Your premiums will go down and you will save $2,500. You can keep your doctor. etc. Obamacare lies repeated by Obama, you guys perfected being utter liars!

This aint JFK's party no more... it's a shame that the left has gone completely rogue... just selling off everything for votes.
 
he's working on this as a whole package though... China has opened up some markets.
I'm more than willing to give him the benefit of the doubt and stay cautiously optimistic. I just hope whatever deal he ends up making with China will happen fast.
 
I don't think it is at all a good thing having the US trying to bury its own head up it's own ass. That scenario was played out in the 1930s at the US leaving the League of Nations. And what was the result ? Hitler/Mussolini and co scrambled into power to fight WW2.
Much better not to sulk on the sidelines but engage with the Rest of the World.
 
Do you really think US cars would sell well in Europe if they were 10% cheaper? I certainly don't. Sure, there would be a slight sales increase but nothing dramatic.

I do agree that without the tax in place, if Toyota America would build EU spec cars of US models, Toyota would certainly be a winner. No-one is going to go crazy over a US Chevy or Buick though. Cadillac has tried to break through in the market with massive discounts but there were no takers.
Perhaps you don't care if a car is 10% cheaper. But I do when I buy a new car. I spent hours trying to negotiate a $500 more discount and I would buy a Chevy rather that a Toyota if it is truly 10% cheaper. On a $30K car it is $3K, not insignificant for someone on a budget.
 
Cut it out! Audi, Mercedes and BMWs are more expensive than American made cars and people in the US are buying them hand over fist! Trust me These trade wars will not end up well, this guy is an idiot. Clinton managed to clear the deficit without all this stupidity. :fistbump:
Sorry I have to reply.

I don't drive Audi, Mercedes or BMW. When I shopped for cars, I only looked at VW, Chevy and Toyota.:( For me, 10% is a big deal. Perhaps Europeans are all better off, more well to do, and don't care about 10%.

Anyway, your points are well taken and I do understand.
 
The market is loving the just announced new tariffs, futures are down -40 ES points.

Thank you sir, may I have another?

I sure hope these trade issues get worked out quickly before we end up tanking the global economy.

We may end up with a lower trade deficit, but if our economy is in ruins, what is the point?
 
Thank you sir, may I have another?

I sure hope these trade issues get worked out quickly before we end up tanking the global economy.

We may end up with a lower trade deficit, but if our economy is in ruins, what is the point?

Fair trade would be a positive for most markets because trade would increase not decrease! The only reason it is a big issue now is those who got unfair trade agreements because US politicians sold the public out, now do not want to give up those advantages! They should realise a trade war will destroy their economies by a far larger scale than the US! Why? They have the surplus and any tariffs imposed will hurt more of their businesses, cost jobs in their countries when the simple solution is say yes to fair trade from here on out! That is the only thing President Trump wants. Remove all the tariffs on all products and buy more US goods and a deal can be struck. China offered to buy more US goods by a small amount. They were not really serious about engaging in fair trade. Not yet, anyways!
 
Not to mention that the U.S. will almost certainly be challenged in the World Trade Organization and likely will lose.

Trump is playing chicken with major U.S. trading partners, hoping they swerve at the last minute.

https://www.investors.com/politics/editorials/trump-trade-tariffs/

I see the Trump administration is threatening to pull out of the WTO which surely wouldn't happen as it would lead to the loss of it's intellectual property of which would be devastating to US corporations - economy.
 
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