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I think the surge before Trump took office was because the 'uncertainty' was offer --
Trump was perceived as a good thing for business.
His base is arguing he still is -- but it seems Wall Street does not have the same confidence in him anymore.
Also -- let's be real.
By 2017 there had been 7 years of recovery almost 8 years of positive job growth. Companies were making money for some time. It was going to go up eventually and it did.
And you know what -- if Trump was dealing with China more diplomatically -- still calling for action to stop China manipulating currency etc. without threatening tariffs and playing the tariffs game -- reality -- they tack on tariffs, we tack on tariffs., they tack on tariffs, we tack on tariffs. Both in the USA & China it isn't the govt. paying the tariffs.....companies will take those costs and guess who ends up paying for the cost of goods .....consumers.
I think the surge before Trump took office was because the 'uncertainty' was offer --
Trump was perceived as a good thing for business.
His base is arguing he still is -- but it seems Wall Street does not have the same confidence in him anymore.
Also -- let's be real.
By 2017 there had been 7 years of recovery almost 8 years of positive job growth. Companies were making money for some time. It was going to go up eventually and it did.
And you know what -- if Trump was dealing with China more diplomatically -- still calling for action to stop China manipulating currency etc. without threatening tariffs and playing the tariffs game -- reality -- they tack on tariffs, we tack on tariffs., they tack on tariffs, we tack on tariffs. Both in the USA & China it isn't the govt. paying the tariffs.....companies will take those costs and guess who ends up paying for the cost of goods .....consumers.
Businesses want stability first and foremost.
Unhinged moron in chief with probable dementia from his tertiary syphilis isn't that and is in fact the opposite of that
I think the surge before Trump took office was because the 'uncertainty' was offer --
Trump was perceived as a good thing for business.
His base is arguing he still is -- but it seems Wall Street does not have the same confidence in him anymore.
Also -- let's be real.
By 2017 there had been 7 years of recovery almost 8 years of positive job growth. Companies were making money for some time. It was going to go up eventually and it did.
And you know what -- if Trump was dealing with China more diplomatically -- still calling for action to stop China manipulating currency etc. without threatening tariffs and playing the tariffs game -- reality -- they tack on tariffs, we tack on tariffs., they tack on tariffs, we tack on tariffs. Both in the USA & China it isn't the govt. paying the tariffs.....companies will take those costs and guess who ends up paying for the cost of goods .....consumers.
Trump is not wrong for going after China. China embraces unfair trade practices to take money from the developed nations of the world and uses it to buy influence and leverage over developing nations. They need to be confronted. They need to be defeated in their efforts. But the methods Trump has chosen - go alone with tariffs and alienate our potential allies against China are all wrong and are failing exactly as predicted. Collective action with meaningful commitments to enforce them are the right approach. TPP for all its shortcomings was the best vehicle yet for combating China and Trump, who has backtracked on so much, should have backtracked on his position on TPP. Trump was handed a hot economy by Obama and a means to effectively fight Chinese moves toward world dominance. He blew both.
And you know what -- if Trump was dealing with China more diplomatically -- still calling for action to stop China manipulating currency etc. without threatening tariffs and playing the tariffs game -- reality -- they tack on tariffs, we tack on tariffs., they tack on tariffs, we tack on tariffs. Both in the USA & China it isn't the govt. paying the tariffs.....companies will take those costs and guess who ends up paying for the cost of goods .....consumers.
Nope.
If a smart person (not Trump) was dealing with the situation properly, they would first study the matters at hand and make a list of priorities. They would understand that the world doesn't turn on a dime.
Example: Let's say that the trade deficit with China was a problem. You don't know if it is and neither do I. We;d need to study it for a year to even deconstruct it. Maybe we are importing things that then have major value added to them here when they are in the final product (steel) or other such things?
But let's play pretend.
Ok, so we have a 450 Billion trade deficit per year and we want to reduce it. First, if it stays the same, it automatically goes down due to inflation and growing population. So even flatlining it would be a great improvement.
Anyway, so your team decides they want it to flatline for a year and then be reduced by 5% per year for at least 4 years. That's some serious numbers. You go to Xi and you say "Hey, we love you guys and you guys love us - we all have the best thing going in history! BUT, we moved a bit too fast and we have to pull in the reins a bit for our plans for OUR COUNTY to move ahead. Here is what we need. Xi - please tell us how you can make this happen. If possible, give us a couple choices within 90 days...to be implemented by a treaty within 90 days after we both agree. If you are not interested then we will work out our own scenarios which will likely be worse for both of us.
That's how you do it. No other POTUS could have caused this mess because this is not how business is done.
Xi would likely come back and say "OK, we'll buy more Boeing stuff as opposed to Airbus - as #1". Then he would offer up various other things. Maybe an increased presence of USA Pharma (big $$) in China.
Tariffs against China could work if they were done in conjunction with our historic allies. Instead Trump levied tariffs against our allies and started a go it alone attack on China. That is just stupid.
I think a big part of Trump's legacy will be taking the economy he inherited and crashing it into the second Great Depression.
The next 5-10 years for the U.S. economy look beyond bleak. At best, we will all have to endure a repeat of 2009-2012. Sad thing is, this didn't have to happen. This is Trump's fault.
That's not true. While many countries have not raised tariff's with China, they already had higher ones in place and many are following suit and moving business out of China. China's goal of monopolizing 95% of the worlds manufacturing isn't just a threat for the USA alone. For decades the USA had a mere 1.9-2.9% tariff on Chinese goods, while even back in 2005 China had 16-17% on US goods being imported to China.
We've been China's doormat for 20 years and its time for that to change.
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