Trump's Trade Follicy

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Dolly
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Re: Trump's Trade Follicy

#1826

Post by Dolly » Sun May 12, 2019 12:53 pm

Kudlow contradicts Trump, says China isn't paying tariffs on goods going into US

White House economic adviser Larry Kudlow on Sunday contradicted President Trump, saying he didn't disagree with the characterization that China is not paying the tariffs on goods coming into the U.S.

Kudlow made the comments after Fox News anchor Chris Wallace repeatedly pressed him on "Fox News Sunday" about Trump's recent comments in regard to trade with China.

"It’s not China that pays tariffs. It’s the American importers, the American companies that pay what in effect is a tax increase and oftentimes passes it on to U.S. consumers," Wallace said.

"Fair enough. In fact, both sides will pay in these things, and of course it depends," Kudlow responded, with Wallace interjecting to point out that "if it’s a tariff on goods coming into the country, the Chinese aren’t paying."

"No, but the Chinese will suffer [gross domestic product] losses and so forth with respect to a diminishing export market and goods that they may need," Kudlow said.

Wallace replied by noting that Trump has said China pays the tariffs.

"They may suffer consequences, but it’s U.S. businesses and U.S. consumers who pay, correct?" he asked.

Kudlow responded by saying he didn't disagree with that characterization, adding that both sides will suffer because of new tariffs.
<snip>
https://thehill.com/homenews/administra ... s-on-goods

tweet with video in the article:
FoxNewsSunday ✔
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Chris talks to @larry_kudlow about who actually pays the tariffs with China if they were to be imposed #FNS

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Re: Trump's Trade Follicy

#1827

Post by RTH10260 » Sun May 12, 2019 1:12 pm

:o when you cannot explicitely call your boss a liar... :violin:

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Re: Trump's Trade Follicy

#1828

Post by Kendra » Sun May 12, 2019 1:59 pm

N/M. Dolly got there first :swoon:

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Re: Trump's Trade Follicy

#1829

Post by Hurtzi » Sun May 12, 2019 2:16 pm

China will "suffer" only if there are other, cheaper, suppliers on the world market. For most of the Chinese products I doubt this. It's people like Sugar Magnolia who will "suffer ". Many of them will voteTrump nonetheless.

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Re: Trump's Trade Follicy

#1830

Post by tek » Mon May 13, 2019 5:59 am

China says will 'never surrender' as U.S. trade row heats up

That's some soothing rhetoric right there..

https://www.reuters.com/article/us-usa- ... SKCN1SI0B8
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Re: Trump's Trade Follicy

#1831

Post by Slim Cognito » Mon May 13, 2019 7:46 am

tek wrote:
Mon May 13, 2019 5:59 am
China says will 'never surrender' as U.S. trade row heats up

That's some soothing rhetoric right there..

https://www.reuters.com/article/us-usa- ... SKCN1SI0B8
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Re: Trump's Trade Follicy

#1832

Post by RoadScholar » Mon May 13, 2019 10:09 am

Dow down 560 and still falling.

Thanks, Trump!


685 down just now. Good thing this is being done by a financial genius. :sick:
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Dolly
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Re: Trump's Trade Follicy

#1833

Post by Dolly » Mon May 13, 2019 1:11 pm



I googled this. It is an older quote from September 2018. :oops:
My Facebook friend is usually more up to date.

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We are borrowing money from China to pay our farmers to not sell their crops to China.
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Dem senator: Trump is borrowing money from China to 'pay our farmers to not sell their crops to China'
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Re: Trump's Trade Follicy

#1834

Post by Addie » Mon May 13, 2019 3:28 pm

CNBC: $1.2 trillion in stock market value lost so far from trade war sell-off with more expected

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Re: Trump's Trade Follicy

#1835

Post by RTH10260 » Mon May 13, 2019 3:35 pm

GOP senator defends China tariffs: Sacrifice by Americans 'minimal' compared to soldiers
BY OWEN DAUGHERTY - 05/13/19 02:00 PM EDT

Sen. Tom Cotton (R-Ark.) defended the imposition of tariffs on China as the two countries seek to negotiate a trade deal, saying the sacrifice of Americans impacted by the tariffs is “minimal” compared to those made by soldiers overseas.

Appearing on “CBS This Morning” Monday, Cotton detailed how tariffs will impact his home state of Arkansas and its farmers.

"There will be some sacrifices on the part of Americans, I grant you that, but I also would say that sacrifice is pretty minimal compared to the sacrifices that our soldiers make overseas, that our fallen heroes who are laid to rest in Arlington make," Cotton said.


https://thehill.com/policy/internationa ... -americans

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Re: Trump's Trade Follicy

#1836

Post by Hurtzi » Mon May 13, 2019 3:57 pm

Addie wrote:
Mon May 13, 2019 3:28 pm
CNBC: $1.2 trillion in stock market value lost so far from trade war sell-off with more expected
Only book money.

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Re: Trump's Trade Follicy

#1837

Post by Slim Cognito » Mon May 13, 2019 4:32 pm

RTH10260 wrote:
Mon May 13, 2019 3:35 pm
GOP senator defends China tariffs: Sacrifice by Americans 'minimal' compared to soldiers
BY OWEN DAUGHERTY - 05/13/19 02:00 PM EDT

Sen. Tom Cotton (R-Ark.) defended the imposition of tariffs on China as the two countries seek to negotiate a trade deal, saying the sacrifice of Americans impacted by the tariffs is “minimal” compared to those made by soldiers overseas.

Appearing on “CBS This Morning” Monday, Cotton detailed how tariffs will impact his home state of Arkansas and its farmers.

"There will be some sacrifices on the part of Americans, I grant you that, but I also would say that sacrifice is pretty minimal compared to the sacrifices that our soldiers make overseas, that our fallen heroes who are laid to rest in Arlington make," Cotton said.


https://thehill.com/policy/internationa ... -americans
Pretty sure a good number of those farmers are foreign war veterans.
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Re: Trump's Trade Follicy

#1838

Post by Volkonski » Mon May 13, 2019 4:59 pm

I we raise taxes on the rich and on big corporations their sacrifices will also be 'minimal' compared to soldiers.

Let's do it!
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Re: Trump's Trade Follicy

#1839

Post by Jim » Mon May 13, 2019 5:16 pm

Slim Cognito wrote:
Mon May 13, 2019 4:32 pm
Pretty sure a good number of those farmers are foreign war veterans.
Census: 370,619 US producers report military service
Census of Agriculture is a count of all U.S. farms and ranches and the producers who operate them.

A question about veteran status was a new addition to the Census released last month. Here are a few takeaways:

In total, 370,619 producers reported military service.

Many farms operated by veterans have fewer than 179 acres.

Veterans report owning more acres than they lease.

The majority of veterans report operating a farm for more than 11 years.

The average age of veteran farmers is 67.9 years, while the average age of all producers is 57.5 years.

Nearly 11 percent of all farmers are also veterans. Most veteran farmers served in the Vietnam-era. And, many are farming small-scale operations that they own.

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Re: Trump's Trade Follicy

#1840

Post by Volkonski » Tue May 14, 2019 8:03 am

Trump's Plan to Reduce Trade Deficit Falters as it Hits an All-Time High Instead

http://fortune.com/2019/03/06/us-trade- ... cord-high/
The Commerce Department reported Wednesday the U.S. posted a more than $891 billion merchandise trade deficit last year—the largest in the history of the country.

Significantly, the trade deficit with China hit a record $419 billion, despite a series of tariffs the administration imposed on Chinese goods to decrease reliance on imports.

Meanwhile, the overall goods and services deficit jumped 19% between November and December 2018, to $59.8 billion, the highest monthly trade deficit in 10 years.

The data shows that Trump’s America First policies to close the trade gap haven’t had their desired effect. Americans are importing far more from abroad than they are exporting—imports grew 7.5% while exports increased only 6.3%.
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Re: Trump's Trade Follicy

#1841

Post by Northland10 » Tue May 14, 2019 9:01 am

I wonder if some Republicans are getting worried that if Trump does not cool it on the tariff front they might be looking at high inflation during an election year.
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Re: Trump's Trade Follicy

#1842

Post by Notorial Dissent » Tue May 14, 2019 10:47 am

They are now talking about LaRump trying to cobble together some kind of relief for the affected farmers. The problem is that the damage is already done for many of them, and no matter what the gov't does now it is too late and they will not be able to come back from it. The damage will be an ever widening ripple as it affects communities and then states that are dependent on agriculture.
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Re: Trump's Trade Follicy

#1843

Post by Tiredretiredlawyer » Tue May 14, 2019 11:18 am

https://amp.cnn.com/cnn/2019/05/13/poli ... ssion=true
Farmers get impatient with Trump's trade war: 'This can't go on'
The trade tensions are weighing on farmers, making it difficult to plan for the future. In an April survey conducted by Purdue University and the CME Group, only 22% of farmers stated it was a "good time" to make large farm investments.

On Friday, the leading wheat, soybean and corn grower industry groups put out a joint statement expressing their opposition to Trump's move to escalate tariffs. The three commodities represent about 171 million acre of farmland in the United States.

"Farmers have been patient and willing to let negotiations play out, but with each passing day, patience is wearing thin," said National Corn Growers Association President Lynn Chrisp in the statement. "Agriculture needs certainty, not more tariffs."
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Re: Trump's Trade Follicy

#1844

Post by Slim Cognito » Tue May 14, 2019 11:31 am

Tiredretiredlawyer wrote:
Tue May 14, 2019 11:18 am
https://amp.cnn.com/cnn/2019/05/13/poli ... ssion=true
Farmers get impatient with Trump's trade war: 'This can't go on'
The trade tensions are weighing on farmers, making it difficult to plan for the future. In an April survey conducted by Purdue University and the CME Group, only 22% of farmers stated it was a "good time" to make large farm investments.

On Friday, the leading wheat, soybean and corn grower industry groups put out a joint statement expressing their opposition to Trump's move to escalate tariffs. The three commodities represent about 171 million acre of farmland in the United States.

"Farmers have been patient and willing to let negotiations play out, but with each passing day, patience is wearing thin," said National Corn Growers Association President Lynn Chrisp in the statement. "Agriculture needs certainty, not more tariffs."
But trump plans to win back the farmers' votes by borrowing big bucks from China to buy their product.

Socialized medicine - bad!
Socialized agriculture - apparently not bad.
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Re: Trump's Trade Follicy

#1845

Post by Northland10 » Tue May 14, 2019 1:03 pm

Slim Cognito wrote:
Tue May 14, 2019 11:31 am
But trump plans to win back the farmers' votes by borrowing big bucks from China to buy their product.

Socialized medicine - bad!
Socialized agriculture - apparently not bad.
Socialized medicine helps urban people of color. Socialized agriculture helps rural white folk. Any questions?

Socialized medicine, welfare, food stamps, etc., also help rural white folk, but they like to ignore that part.
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Re: Trump's Trade Follicy

#1846

Post by RTH10260 » Tue May 14, 2019 1:23 pm

Volkonski wrote:
Tue May 14, 2019 8:03 am
Trump's Plan to Reduce Trade Deficit Falters as it Hits an All-Time High Instead

http://fortune.com/2019/03/06/us-trade- ... cord-high/
The Commerce Department reported Wednesday the U.S. posted a more than $891 billion merchandise trade deficit last year—the largest in the history of the country.

Significantly, the trade deficit with China hit a record $419 billion, despite a series of tariffs the administration imposed on Chinese goods to decrease reliance on imports.

Meanwhile, the overall goods and services deficit jumped 19% between November and December 2018, to $59.8 billion, the highest monthly trade deficit in 10 years.

The data shows that Trump’s America First policies to close the trade gap haven’t had their desired effect. Americans are importing far more from abroad than they are exporting—imports grew 7.5% while exports increased only 6.3%.
Wasn't that predicted at the time cause there was an import rush prior to the high tariffs?

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Re: Trump's Trade Follicy

#1847

Post by Uninformed » Thu May 16, 2019 8:28 am


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Re: Trump's Trade Follicy

#1848

Post by RTH10260 » Thu May 16, 2019 10:11 am

Can Huawei survive US blacklisting?
Chinese telecoms group will need to look elsewhere to procure key components

Louise Lucas and Christian Shepherd in Hong Kong and Kathrin Hille in Taipei

Huawei’s chief financial officer is in Canada facing extradition, the company is banned from selling its telecoms kit in the US and will now require the green light from Washington to buy parts and components from American companies such as Qualcomm.

Can the Chinese telecoms company weather this latest blow?

What’s the damage?
Threefold, said Edison Lee, an analyst at Jefferies, who sees it as possibly disrupting Huawei’s supply chain, delaying China’s 5G roll-out and even stymying last-minute trade talks.

On the first point, the precedent is pretty ugly. When smaller rival ZTE was shut out of the US, its smartphone shipments plummeted by about 75 per cent and it blew a Rmb7.8bn ($1.1bn) hole in its bottom line in the first half of last year.

With revenues last year of $105bn, Huawei is a lot bigger than ZTE and its greater focus on telecoms infrastructure equipment and high-end phones means the impact of an export ban “would be material”, Credit Suisse analysts said in a report at the end of last year.




https://www.ft.com/content/21727292-779 ... 18c0ea0201

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Re: Trump's Trade Follicy

#1849

Post by Volkonski » Thu May 16, 2019 11:27 am

Trump declares national emergency over threats against US technology amid campaign against Huawei

https://www.cnbc.com/2019/05/15/trump-s ... ology.html
President Donald Trump on Wednesday declared a national emergency over threats against American technology, the White House said.

The move, done via executive order, authorized the Commerce Secretary Wilbur Ross, in consultation with other top officials, to block transactions that involve information or communications technology that “poses an unacceptable risk to the national security of the United States.”

Following the order, the U.S. Department of Commerce announced the addition of Huawei Technologies and its affiliates to the Bureau of Industry and Security (BIS) Entity List, making it more difficult for the Chinese telecom giant to conduct business with U.S. companies.

The addition means that U.S. companies cannot sell or transfer technology to Huawei without a license issued by the BIS. That could make it harder for Huawei to do business, as it depends on some U.S. suppliers for parts.
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Re: Trump's Trade Follicy

#1850

Post by Volkonski » Thu May 16, 2019 11:32 am

This will just inspire overseas technology suppliers to develop alternative products to replace whatever the USA won't sell.
Image“If everyone fought for their own convictions there would be no war.”
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