Farmers Get Relief
President Trump has just announced that He will be giving $16 billion in aid to American farmers due to hardships incurred by the trade war with China.
You may ask where this money is coming from? It's coming from the billions rolling into the US Treasury via tariffs on Chinese imports. This trade war is hurting China and will eventually effect it's GDP.
- UBS economists say China's gross domestic product could slip below 6% later this year.
- Since mid-April, China's benchmark stock market index in Shanghai has sunk more than 10%.
- Manufacturing growth fell to 5.4% in April from 8.5% in March.
- Auto sales in China have fallen roughly 15% from a year ago, reports Gavekal Economics.
- Exports to the U.S., which account for roughly 20% of China's foreign shipments, have declined $26 billion over the last six months, according to High Frequency Economics.
The Trump administration is piling on the pressure in proposing to impose a 25% tariff on an additional $325 billion in Chinese goods as early as next month. That could reduce China's GDP by almost 1 percentage point, according to UBS, while also weighing down trade activity worldwide.
https://www.cbsnews.com/news/tariff-on-china-why-trump-could-win-trade-battle-with-china-but-lose-the-war/
Next obvious question:
So, then why isn't China willing to negotiate?
Because they are taking a big time calculated risk - that Trump will lose in 2020 and they can deal with another democrat. It's kind of like what North Vietnam did during the Vietnam War. They saw the students protesting 24/7 against American involvement and they saw the media coverage and they hung in and it paid off.
It is yet another important issue hanging in the balance of yet another high stakes election.
May we win that election, may Trump win a second term, may the GOP win back the House and win a super majority in the Senate and may America continue to be blessed.
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It's gonna get a lot tougher for China
Apparently for us too.
Short term Gordy. You don't think there are matters that America must fight for? America can't withstand adversity? No wonder China got away with it for so long!
All Trump is trying to do is prove his d!ck is bigger than China's. Meanwhile, the rest of us suffer with a weakened economy. The negative effects will only worsen as the trade war escalates.
Then you just don't like Trump.
The negative effects will only worsen as the trade war escalates.
And?
What about the negative effects of the trade imbalance? All those jobs lost? Or do you not care about those who didn't go to college?
Which is It?
The economy improved under Obama.
Whether I like Trump or not is irrelevant, and I never said if I liked him or not. But I see this situation for what it is.
In Post 1.2.6 you blamed Trump, did you not?
Don't waste your time trying to introduce reality into Trump world.
Your statements prove you have no conception of how these larger economic issues work. The economy remains strong. China already a large trade surplus over the US. Trump is attempting to level the playing field. Even Schumer approves of Trump's actions.
Is that part of the discussion?
Discuss the topic, we want to stay focused
Then what is Chuck Schumer trying to do?
Chuck Schumer urges Trump to ‘hang tough on China’ after latest tariff threat while other top Democrats are quiet
Reality is an important factor in all discussions. It's very relative in this topic.
And where is your argument?
My position is only those who voted this idiot into office should suffer from the policies he tweets.
We heard it now, you want to punish those who voted for him. Have a good night.
Why wouldn't I have a good night? My principals and moral compass are intact.
I thought you were finished. Would you like to add anything?
Thanks to all who kept it civil.