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reo

Another Trump-Created Crisis Averted by Fake Deal

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reo   

https://politicalwire.com/2018/07/26/another-trump-created-crisis-averted-by-fake-deal/

Quote

 

Jonathan Chait: “Last night, the Trump administration announced with maximum fanfare that the trade war with the European Union was over. ‘This was a big day for free and fair trade!,’ tweeted an excited President Trump. For all the hype and surprisingly credulous press the announcement attracted, it amounts to little more than a face-saving truce. If you’re looking for any details as to how this will work, too bad, they don’t exist.”

“The trade ‘deal’ follows the script of the ballyhooed North Korean nuclear ‘deal’ from last month. The cycle begins with bellicose Trumpian threats designed to increase American leverage. This leads to negotiations, which produce an impossibly ambitious and thoroughly vague “solution” that allows Trump to boast that he has averted a crisis of his own making.”

 

 

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Btowner   

Those who fail to learn from history,  are doomed to repeat it.

 

In March 2002, President George W. Bush imposed a 30% tariff on Chinese steel. The results were chaotic. In a report put out by Consuming Industries Trade Action Coalition in February of that year, the coalition found the tariffs against China boosted the overall prices of steel and cost the U.S. 200,000 jobs in businesses that buy steel, representing $4 billion.

 

In another recent situation, in September 2009, President Obama imposed a three-year tariff on car tires from China. Chinese imports went down, but the tires were simply sourced from other countries, the LA Times noted. According to the Peterson Institute for International Economics, 1,200 tire jobs were saved in the U.S., but through costs passed along to American consumers, 2,500 jobs were lost indirectly.

 

http://www.aei.org/publication/president-trumps-predecessors-bush-ii-and-obama-learned-about-tariffs-the-hard-way/

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OILERMAN   

If you’re still falling for Trump’s bullshit on this deals then you’re flat out stupid. 

 

Hes a terrible deal maker and doesn’t know shit about anything 

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thor   
26 minutes ago, OILERMAN said:

If you’re still falling for Trump’s bullshit on this deals then you’re flat out stupid. 

 

Hes a terrible deal maker and doesn’t know shit about anything 

Cry baby whining again... Get over it dude Trump won!!!

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Btowner   
9 minutes ago, thor said:

Cry baby whining again... Get over it dude Trump won!!!

When you add no value to a conversation, it's okay to use your inner voice, not contribute and ignore the thread.

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thor   
5 minutes ago, oldschool said:

Shush the adults are talking.

I understand someone's got to explain to you dems you lost get over it --- but, in contrast to your football knowledge you've finally said something worth while since your stance on how Woodyard sucks and should get cut after his first season here... you dumbass...

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OILERMAN   
9 hours ago, Legaltitan said:

It’s pretty obvious Trump is seriously a simpleton retard. Everyone knows it. 

 

He had  no concept of simple health insurance premiums. 

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Btowner   
14 hours ago, Legaltitan said:

Anyone noticed he no longer calls China a currency manipulator? Similar to using cards, they had to get a currency simulator and have him enter various currencies against the US dollar for him to understand China's currency rate was comparable to other ountries.

 

Instead of acknowledging he was wrong, he claimed China stopped manipulating their currency because he became POTUS.  Whoever tried to discourage him from staring this trade war didn't have a napkin handy to draw how it would impact his base.

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reo   
13 hours ago, Btowner said:

Anyone noticed he no longer calls China a currency manipulator? Similar to using cards, they had to get a currency simulator and have him enter various currencies against the US dollar for him to understand China's currency rate was comparable to other ountries.

 

Instead of acknowledging he was wrong, he claimed China stopped manipulating their currency because he became POTUS.  Whoever tried to discourage him from staring this trade war didn't have a napkin handy to draw how it would impact his base.

He doesn't criticise China bc they gave a huge loan that funneled money into Trump's pocket. 

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