E Tariff Man Trump Fooled Wall Street From The Start

Wall Street has been fooled from the beginning of the Trump tariff War. All we heard from Wall Street was an implicit trust in Donald Trump, that Trump was a negotiator and negotiations would bring a deal.

No one believed that the Tariff Man would betray stocks. Art of the Deal man promised more. Or did he?

But, in reality, Donald Trump is tariff man. He believes the deal of 25 percent tariffs on 400 billion dollars of product (the eventual total that will be put under tariffs) will bring in 100 billion dollars in taxes. Of course, that tax is to be paid for by US citizens. And Trump is trying to convince stock investors that this is a good deal. This will take at least a year or two, to collect the 100 billion, since not all of China's products are subject to tariffs now.

Trump wants to buy infrastructure and pay farmers with that 100 billion. That is a good deal in his mind. He tweeted it so it must be true! He wants to buy the products and then send them to poor nations. I can't quite believe that. He made promises before to help Puerto Rico with debt. But he changed his mind.

Donald Trump adopted his views on tariffs in the 1980s. He campaigned on the platform of tariffs. His base understood but mainstream media was asleep during the campaign. This is the real Donald Trump:

Trump adopted his current views on trade issues in the 1980s, saying Japan and other nations were taking advantage of the United States.[15] During the 2016 presidential campaign, Trump repeatedly favored policy proposals that renegotiate trade agreements for the United States. During a meeting with the New York Times Editorial Board in January 2016, Trump said that he would tax Chinese imports into the United States by 45%.[16] Trump frequently criticized the North American Free Trade Agreement calling it "the worst trade deal the U.S. has ever signed".[17] He also called Trans-Pacific Partnership "the death blow for American manufacturing" and that it would "put the interests of foreign countries above our own".[18]

On November 21, 2016, in a video message, Trump introduced an economic strategy of "putting America first", stating that he would negotiate "fair, bilateral trade deals that bring jobs and industry back onto American shores". On January 23, 2017, three days after becoming president, Trump withdrew the United States from the politically divisive Trans-Pacific Partnership believing that the agreement would "undermine" the U.S. economy and sovereignty.[19][20][21][22]

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Disclosure: I have no financial interest in any companies or industries mentioned. I am not an investment counselor nor am I an attorney so my views are not to be considered investment ...

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Gary Anderson 1 year ago Author's comment

Update 12: China believes that even if the skinny deal is signed there will not likely be a permanent and lasting trade deal with the USA. Our isolationism will crush us one day. We are an unreliable trading partner. Our supply chain contributions could be ruined permanently. Stupid Wall Street for ever believing Trump.

Gary Anderson 2 years ago Author's comment

Update 11: It appears that a temporary solution to the tariff war is now off the table. Hope for a deal is decreasing daily.

Gary Anderson 2 years ago Author's comment

Update 10. Trump has said Huawei is off the table for October trade discussions with China. But Andy Purdy who is chief security officer for Huawei has said there will be no trade deal without Huawei being included in the discussions. Trump has conned Wall Street once again!

Frank Underwood 2 years ago Member's comment

Re: Trump - I don't know that I'd call it a con. I think it's all just posturing and negotiation tactics on both sides.

Gary Anderson 2 years ago Author's comment

A negotiating tactic to leave Huawei out of the talks in October? I think that is a naive conclusion. I hope I am proven wrong, but I don't see any real proof that I am wrong. Trump is like the movie groundhog day, but with never success ate the end.

Gary Anderson 2 years ago Author's comment

Update 9: Trump will put 10 percent tariffs on the remaining 300 billion. #Itoldyouso

Gary Anderson 2 years ago Author's comment

Update 8: Tariff Man keeps fooling Wall Street. While Trump backed off Huawai, he now is going after Europe. The Chineses have to be rolling on the ground in stitches while they are welcoming Europe with open arms. Why Trump would fight for Boeing while that company employed temps to formulate the Max software that kills people makes absolutely no sense. Tariff Man is addicted and the Democrats have also rejected free trade. We are a bunch of losers for sure.

Bill Johnson 2 years ago Member's comment

Good updates. But why not throw them all together and create a Part 2 to this article, as an article in it's own right?

George Lipton 2 years ago Member's comment

Good though Bill, I second that idea.

You'd get more pageviews that way. Doesn't earn you more money or equity or whatever?

Gary Anderson 2 years ago Author's comment

I have been sick. So I appreciate your comments, but things change so fast around Trump tariffs that I wanted to keep this article center stage if I could. It shows the graph where China was beginning to ramp up purchases of American goods until Trump policy changed the Chinese perspective. I am feeling better, but I have to be careful going forward. Thanks again, George and Bill!

Gary Anderson 2 years ago Author's comment

Update 7: Trump is buying time, wanting to give the appearance of a truce with China. However, that truce is political, as he hopes for reelection. Once Trump is reelected, will he revert back to Tariff Man? There will be no check on him doing just that. Bannon says Trump will never back down on this tariff war. Is he, after the G20 truce, still right? Will the stock market and world prosperity be in danger after the election? Is prosperity already damaged no matter what he does going forwatd?

Gary Anderson 2 years ago Author's comment

Update 6: Trump #blinks for the good of the nation. He put the nation before #tariff mongering ideology, for now at least. #G20 may be a win for America after all.

Gary Anderson 2 years ago Author's comment

Update 5: Wilbur Ross said a deal will be made but then comments that all US demands will have to be met. The man is a delusional market manipulator.

Gary Anderson 2 years ago Author's comment

Update 4: US irrational sanctions on Huawei are by presidential decree. This will slow Huawei but make the giant telecom even more independent. The US wants to separate this cowardly act from the broader trade war. That may not come to pass. The world economy and the USA stock market are not immune.

Norman Mogil 2 years ago Contributor's comment

It is starting dawn on many that these tariffs are here for the long haul. Yet govts have not introduced measures to ease the adjustment e.g. how are farmers to be compensated for permanent market loss. The US govt does not understand the need for an adjustment mechanism has to go hand in hand with a permanent shift in trade patterns,

Anthony Varrell 2 years ago Member's comment

Yes, I admit I thought the trade war was just a tactic to get China to the bargaining table. But this won't end soon.

Gary Anderson 2 years ago Author's comment

We are close to the brink.

Gary Anderson 2 years ago Author's comment

Update 3: Citizen boycotts are highly effective in China. A people's war against the USA is exactly that sort of boycott. It was called for by the official Chinese media in a primetime announcement last night. This will be worse than any official tariffs that China imposes. Wall Street is asleep. #CNBC #tariffs

Leslie Miriam 2 years ago Member's comment

Wasn't a fan of the trade war. China is a gorwing power and we'd be better to have them as an ally. But lately I've been reading about how China is forcing it's own people into internment camps. Now I don't mind if we crush their economy a bit!

Gary Anderson 2 years ago Author's comment

This isn't a game for the American consumer, Leslie. 70 percent of shoes sold in the US and one third of the clothing sold in the USA comes from China! Serious costs await the American consumer. Add to this the Chinese don't want a tariff solution, and Trump wants to make up ground whatever that means. The only way around this is for Trump to keep US companies from giving up tech transfers while not forcing China to change its laws. Tech transfer is not illegal. Tech from other nations will gain an advantage in doing business in China over constrained US companies. But if that is what Trump wants, at least it would allow for a deal and circumvents the impasse about tech transfers.

David Reynolds 2 years ago Member's comment

While I agree, to play devil's advocate... there are many countries in the world. There is no reason why we can't shift some of our products and imports to other countries.