Quote:
Originally Posted by OneHungLo
Dude you're so disingenuous. Like if China were to cut tariffs with Korea or Japan they would magically decide to cut them with the USA too or vice versa.
How absurd.
Face it - anything Trump does you're going to criticize it.
OK everyone Trump is a bad man for trying to get China to stop stealing our IPs and negotiating better trade deals. You heard it from MRBB  |
oh my dear god - you have really not a fucking clue how international trade policy works.
fact is the following:
1. china is on the best way to realize the new silk road.
that means: near to zero international trade will be possible where china will not benefit. if us wants to trade with whoever outside from the american continent, they will need china´s new worldwide infrastructure.
2. the silk road project have ZERO to do with US at all. the countries involved in the meeting have been:
Austria, Azerbaijan, Belarus, Brunei, Cambodia, Chile, Cyprus, Czech Republic, Djibouti, Egypt, Ethiopia, Greece, Hungary, Indonesia, Italy, Kazakhstan, Kenya, Kyrgyzstan, Laos, Malaysia, Mongolia, Mozambique, Myanmar, Nepal, Pakistan, Papua New Guinea, the Philippines, Portugal, Russia, Serbia, Singapore, Switzerland, Tajikistan, Thailand, the United Arab Emirates, Uzbekistan and Vietnam.
do you see US on that list ?
3. the exports from china to the USA have INCREASED since trump started the trade war.
US debts are rising with ultraspeed and trade deficit is the worst in the last 10 years since trump took office.
look here
4. trump´s trade war have caused that the rest of the world made trade alliances that are working independent from USA. and they do also not resolve the problems of the US - the opposite is the case. i.e. US does not have any country left that takes your plastic waste as it was exported to malaysia and they closed that trade this days. the export to china is under trumps trade war. means: trump have to beg china now to take the plastic waste if they do not take it you have to find an own solution what will cost a fortune.
with other words: the one and only country that really suffers HARD under the trade war is the USA as the trade deficit wents from MINUS 40 billion per month to MINUS 60 billion.
and YES china got also hit by the trade war - their balance went from PLUS 480 billion down to PLUS 380 billion. do you see the difference?
if you would even have the SMALLEST clue of economy you would also know, that a gross domestic product just tells you about products produced. if you want to find out if these products are also sold you should watch also the inventory.
because when production is rising and inventory is rising, it means that this products are UNSOLD somewhere on stock.
and this again is a result of tax cutts.
big stock market companies used this money to buy theri own shares back and pushed the price up.
smaller companies invested this money in inventory on stock. but inventory also costs money when it is not sold - so when the stock is full they will not buy anymore.
think it to the end and you will know what will happen.
you will see the result by the end of this year, when the effects of the tax cutt is gone and the debts of US are so high that they can not be paid back with the lower tax income.
what is so difficult in this maths? the federal tax revenue in 2019 will be aproximately 4,5 trillion. aproximately 370 billion of that are gone for paying interest on the US dept.
the forecast for 2020 is a tax income of 3,6 trillion and interest spendings of nearly 500 billion. how long will it take til ALL government spendings are used to pay interest on depts ? i will tell you how long: with a few more trumps in office it will need around 25 years.