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Trump Trade War

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LordMortis
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Re: Trump Trade War

Post by LordMortis » Fri Jun 21, 2019 4:51 pm

LawBeefaroni wrote:
Fri Jun 21, 2019 4:18 pm
Isgrimnur wrote:
Fri Jun 21, 2019 2:52 pm
WaPo
“You know, we’re the ones taking the brunt of it in all these negotiations, so they need to be kind of helping us out right now.”
...
Typical rural liberal elitists. Always seeking a government handout.

Thing is, they'll get more subsidies to keep those votes.
That's not fair. They want the free market but they can't have a free market until Trump fixes what the big government socialists broke with their theft through taxation.

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Isgrimnur
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Re: Trump Trade War

Post by Isgrimnur » Mon Jul 01, 2019 12:32 pm

CNBC
U.S. President Donald Trump and Chinese President Xi Jinping agreed on Saturday to proceed with negotiations after a series of escalations to their nations’ trade war threatened to disrupt the global economy.

On the sidelines of the Group of 20 summit in Osaka, Japan, the two leaders held a highly anticipated meeting, which Chinese media outlets reported ultimately took about 80 minutes.

Both sides confirmed in separate comments that they did not plan to levy any new tariffs against each other’s products at the present time. For one, Chinese state-run press agency Xinhua described the meeting result as the presidents agreeing “to restart trade consultations between their countries on the basis of equality and mutual respect.”

Speaking after the bilateral, Trump said it had gone as well as it could have, and that negotiations with China would continue. “We are right back on track,” the president said.

On the subject of Huawei, the Chinese telecommunications behemoth that Washington has described as a security risk to the U.S. and allies, Trump suggested he will be reversing his government’s decision to ban American companies from selling products to the tech giant. Still, Trump said the issue of Huawei will be resolved only at the conclusion of the negotiations.
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Zarathud
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Re: Trump Trade War

Post by Zarathud » Mon Jul 01, 2019 2:37 pm

Only in Trumpland is it news that we’re negotiating. This is not normal.
"If the facts don't fit the theory, change the facts." - Albert Einstein
"When the president does it, that means that it is not illegal. - Nixon
"I don't stand by anything." - Trump
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.” - John Stuart Mill, Inaugural Address Delivered to the University of St Andrews, 2/1/1867

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Isgrimnur
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Re: Trump Trade War

Post by Isgrimnur » Fri Jul 12, 2019 1:50 pm

NBC News
Chinese demand for American goods has tanked — evidence that economic damage from the trade war isn’t just hurting China, but the United States, as well.

On a year-over-year basis, Chinese imports of American goods dropped by 31 percent in June. Economists say this indicates that the Chinese economy, which was already decelerating, is continuing to slow its rate of growth.
...
The sharp drop in U.S. imports also is reflective of how tit-for-tat tariffs are prompting China to shift its purchases of goods to other countries at the expense of export-dependent sectors of the American economy.
...
In addition to the contraction of imports, Chinese exports to the U.S. fell by nearly 8 percent, while China’s trade surplus grew by 3 percent to roughly $39 billion.
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