Ok Folks ?
THIS is NOT gonna happen….
This appears to be Donald Trump trying say HIS balls are bigger than the Chinese….
The problem is?
He’s playing American consumers and American exporters money….
Not HIS…
He isn’t running for anything…
But plenty of his adopted party Repubicanbs ARE this fall…
And quite a few are in states that provide food and other products for China…
This is vintage Donald Trump real estate and women beatdown stuff….
President Trump announced Thursday that he has directed officials in his administration to look at slapping $100 billion in additional tariffs on China, the latest move in an escalating trade dispute between Washington and Beijing.
“In light of China’s unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs,” Trump said in a statement, referring to the U.S. Trade Representative.
“I have also instructed the Secretary of Agriculture, with the support of other members of my Cabinet, to use his broad authority to implement a plan to protect our farmers and agricultural interests,” he added.
The White House on Tuesday imposed a $50 billion tariff package on Beijing, with 25 percent tariffs being leveled on imports of Chinese electronics, shoes, furniture and other goods….
Conservatives are worried a trade war with China could wipe out the positive economic benefits of the tax-cut law and cost Republicans their majorities in Congress.
“What Republicans and President Trump did in December was create this enormous, pro-growth tailwind going into this November’s elections, and I think that they’ve needlessly created this headwind that could erase all of those gains,” said Andy Roth, vice president of government affairs at the conservative Club for Growth.
“This is a huge unforced error,” he added….
A strong majority of Americans believe the U.S. should take steps to correct its trade deficit with China, but a majority disapprove of President Trump’s proposed tariffs and there are fears that a trade war could damage the economy.
According to the latest Harvard CAPS/Harris Poll, 71 percent of voters say the U.S. should take steps to address a $375 billion trade imbalance with China.
Fifty-two percent disapprove of the administration’s proposed tariffs on aluminum and steel imports, including those from China, and 43 percent said they believe Trump’s proposed tariffs will result in job losses. Thirty-eight percent said the tariffs would protect American jobs and 18 percent said the tariffs would have no impact.
More than two-thirds of voters say they’re concerned countries will retaliate against the U.S., potentially sparking a global trade war….
Kudlow has admitted that the talks Trump is trying to set up to make a new trade ‘deal’ with China have NOT even begun….
Maybe if he works hard enough?
Trump can fuck this up?
I’m sure his basic view IS correct…
That China has a most favored status in the WHO trading policy…
But is the second biggest trade country after America…
Of course Trump wants America to get even bigger….
But in trying to do so?
He will hurt American and Chinese consumers and product makers…
China WILL be able get any hurt MUCH better than the US and by that world markets….
The man only knows one way to go at things…
But NOT everyone will let him get away with this….
At least in the way he tries his gangster…
The Chinese leader just made himself leader for life….
America has a midterm election on the horizon that could change the political power structure in Congress , which could and would sap more power form Trump….
And the Democrats could get a BIG hand for Robert Mueller spilling the goods on Trump over the summer and fall….
He doesn’t thing past his nose…
But one could see Donald J. Trump doing his historical effort to return everything he touches into shit….
BTW?
Ben Sasse says Trump is gonna set the American Agriculture ‘on fire’….
Clinton , Bush II and Obama KNEW this was a problem….
But they where NOT willing to inflict the ‘pain’ on America….
Market closes down -600 points on Trump’s effort to beat down China on imports….
Will China drop ANOTHER shoe on American imports to their country?
Trump says we have to take the ‘pain’