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Legaltitan

Trade War - how is that working out?

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Rolltide   
On 3/7/2019 at 9:59 AM, Cyrus said:

This statement has literally no basis in reality. 

So why did we have TPP then? We now know that it was a horrible deal. No matter how these negotiations turn out we know that we cannot return back to the way it was. 

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To answer my own question, poorly. Now we know why Donnie pitched a little fit this weekend over China. He got cucked.

 

https://www.reuters.com/article/us-usa-trade-china-backtracking-exclusiv/exclusive-china-backtracked-on-nearly-all-aspects-of-u-s-trade-deal-sources-idUSKCN1SE0WJ

 

Quote

 

WASHINGTON/BEIJING (Reuters) - The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world’s two largest economies, according to three U.S. government sources and three private sector sources briefed on the talks.

The document was riddled with reversals by China that undermined core U.S. demands, the sources told Reuters.

In each of the seven chapters of the draft trade deal, China had deleted its commitments to change laws to resolve core complaints that caused the United States to launch a trade war: theft of U.S. intellectual property and trade secrets; forced technology transfers; competition policy; access to financial services; and currency manipulation.

 

Got it is just fucking embarrassing at this point. Is there a single world leader that takes Trump seriously anymore?

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Rolltide   
40 minutes ago, Legaltitan said:

To answer my own question, poorly. Now we know why Donnie pitched a little fit this weekend over China. He got cucked.

 

https://www.reuters.com/article/us-usa-trade-china-backtracking-exclusiv/exclusive-china-backtracked-on-nearly-all-aspects-of-u-s-trade-deal-sources-idUSKCN1SE0WJ

 

Got it is just fucking embarrassing at this point. Is there a single world leader that takes Trump seriously anymore?

It is beyond embarrassing that we have Americans who want these trade talks to fail. We got a decent deal with Mexico and Canada and the democrats will not pass it in congress.  

 

So what should Trump do? Lay down and make a horrible deal like Obama did? We are the ones with the stronger economy. 

 

If China is owning Trump why has their stock market gone down 7% this week?

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The one thing Donnies Twitter fit may have accomplished is that ha may have made it politically impossible the Chinese to negotiate a good deal at this point. Yes Donnie has managed to fuck up china's economy which is a big problem for Chinese leadership. But there is absolutely one thing that regime cannot afford to do, and that is to lose face and bow to the will of America. The more Donnie talks the more he makes economic pain more palatable to Xi than the alternative. 

 

We will see. Honestly I hope Donnie gets his win and this all works out because the alternative coild be very bad. 

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Rolltide   

How is our economy doing right now? To answer the question in the title to the thread? How is it working out? We have an economy that is the envy of the free world. 

Edited by Rolltide

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Rolltide   

FYI stocks are up slightly this morning. OMG the world is coming to and end!

 

Wow a 2% correction after the market was up 16% ytd. Fuck Trump!

 

In the meantime Warren buffet says that stocks are cheap, the 10 year treasury yield is only 2.4% and nobody hardly is putting their money into gold.

 

Another useless libtard thread. Why don't you libtards just take a long nap and let the rest of us take care of things? 

 

 

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ctm   
1 hour ago, Rolltide said:

It is beyond embarrassing that we have Americans who want these trade talks to fail. We got a decent deal with Mexico and Canada and the democrats will not pass it in congress.  

 

So what should Trump do? Lay down and make a horrible deal like Obama did? We are the ones with the stronger economy. 

 

If China is owning Trump why has their stock market gone down 7% this week?

Sen. Chuck Grassley did not mince words when it came to President Donald Trump's trade policy in an op-ed for The Wall Street Journal published on Monday.

 

As the powerful Senate Finance Committee chairman, Grassley has significant say over whether the US-Mexico-Canada Agreement (USMCA), a revised version of the North American Free Trade Agreement (NAFTA) agreed upon by the Trump administration, Canada, and Mexico in October 2018, will make it through Congress.

 

In the op-ed, Grassley put it simply: Trump must lift his tariffs on steel and aluminum coming from the USMCA partner countries or one of the biggest achievements of Trump's trade war is "dead."

 

"These levies are a tax on Americans, and they jeopardize USMCA's prospects of passage in the Mexican Congress, Canadian Parliament and US Congress," Grassley wrote. "Canadian and Mexican trade officials may be more delicate in their language, but they're diplomats. I'm not. If these tariffs aren't lifted, USMCA is dead. There is no appetite in Congress to debate USMCA with these tariffs in place."

 

While Grassley praised the potential economic benefits of the USMCA, the Iowa Republican said that the metal tariffs and the retaliatory tariffs on US goods put in place by Canada and Mexico are "a tax on Americans" and are harming the American economy.

 

Given the pain that the tariffs are causing, Grassley said the elimination of those tariffs is a precondition of congressional consideration of the USMCA.

 

And as Grassley said, Canadian officials have explicitly said that ratification will not move forward while the steel and aluminum tariffs are in place.

The Mexican government has also not moved the entire USMCA forward yet, though it has taken some steps to address the labor provisions of the deal. But as with Grassley and Canada, Mexican officials have made it clear that the trade deal won't budge until the steel and aluminum tariffs are gone.

 

That means Trump's signature trade victory now has to win over the Democratic House majority, the Republican chairman of the Senate committee overseeing the ratification process, the Canadian government, and the Mexican government.

 

https://www.businessinsider.com/chuck-grassley-nafta-usmca-canada-mexico-steel-aluminum-tariffs-2019-4

 

Alternative fact.....it's not just the democrats.  It's the republican chairman of the senate finance committee, the Mexican and Canadian governments.

Edited by ctm

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ctm   

WASHINGTON — Republicans and Democrats alike on Capitol Hill won’t back the U.S.-Mexico-Canada Agreement until President Donald Trump ends America’s punitive restrictions on steel and aluminum imports from Canada and Mexico, says a key congressional player in the unfolding North American trade drama.

 

Opinions about NAFTA’s replacement vary on both sides of the aisle, but there’s a growing consensus that it won’t pass muster in Congress until the tariffs are lifted — without being replaced by any other managed-trade mechanisms, like import quotas, said Texas Rep. Kevin Brady, the ranking member of the House Ways and Means Committee, which has jurisdiction over international trade.

 

“Key things in my discussions with members, Republicans and Democrats, is that they’re not really willing to consider this agreement until the steel and aluminum tariffs are ensured to be lifted off, including quotas,” Brady said Tuesday during a morning appearance at a trade conference in Washington.

 

https://www.ckom.com/2019/01/30/democrats-republicans-alike-wont-support-usmca-with-tariffs-in-place-brady/

 

Brady is a republican from Texas.

 

Numerous republicans speaking out against USMCA in its present form in this article:  https://www.politico.com/story/2019/05/02/trump-trade-usmca-1299984

Edited by ctm

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