I'm all for negotiating a better deal. But a #tradewar helps no one. They should get back to the negotiating table! Sometimes I think #Trump likes to be a bully for the sake of being a bully.
Update 1: Paul Krugman in the NYTimes says that Trump's trade war is more than just about economics. It is about destroying Pax Americana, the doctrine of peaceful international relations overseen by the USA. Trump wants to continually bully the world to submit to his vision of the world. If the world gives in, surely the resentment will build. Trump lies to his base, saying that China will pay for his tariffs. That is a boldfaced lie. You and I will pay for the #Trump#tariffs
The article author is likely correct. And for me it goes beyond just the dollar amount of #tariffs. Tariffs mess with investments and that is a dangerous game. China helped pull us out of the Great Recession, too. Is that how we treat a nation that helped us? What if China decides to buy from other nations next time? #Trump and his trade buddies are radicals. The trade war could be far more harmful than actual changes in GDP. I hope it has a moderate effect, but if Trump miscalculated it could throw the world into a strong recession.
With all due respect Mish, while not a fan of #Trump, I don't think he had much of a choice in this situation. The turmoil at the airports could have broken our economy and/or lead to a fatal air traffic disaster. What would you have had him do instead?
Regardless of whether you think #Trump is right or wrong about the #tradewar, I think we can all agree that he won't back down. So if that's the case, it's better to be on the winning end. So the real question is, how do we win it?
My concern is that #China has room to grow but #Trump seeks to limit that growth. #Energy is important, but is not the only factor. Trump's tariff war is an attempt to bully the weak, but China is far from weak. It is America that is weak. Trump is miscalculating. Here is proof: www.talkmarkets.com/.../mengs-arrest-vs-the-rule-of-law
Update 5: #iPhones are inferior to #Samsung and #Huawei. Poor cameras, can't handle heat. The list of best phones is in the article. And iPhones are overpriced. The cult of #Apple, the cult of #Tesla, the cult of #Trump may all be failing. The cult of America is a cult of power. Prosperity is more important than power. China appears to want prosperity more than power. Power without prosperity is doomed to failure.
The Old Keynesian Guidelines Have Been Forgotten
Let's hope a war is not part of #Trump's economic stimulus plan.
More About Trade Wars
I'm all for negotiating a better deal. But a #tradewar helps no one. They should get back to the negotiating table! Sometimes I think #Trump likes to be a bully for the sake of being a bully.
Can China Outlast the US Through Painful Trade War Escalation?
China is expanding while the USA is slowing. Not favorable for a #Trump tradewar victory.
Tariff Man Trump Fooled Wall Street From The Start
Update 1: Paul Krugman in the NYTimes says that Trump's trade war is more than just about economics. It is about destroying Pax Americana, the doctrine of peaceful international relations overseen by the USA. Trump wants to continually bully the world to submit to his vision of the world. If the world gives in, surely the resentment will build. Trump lies to his base, saying that China will pay for his tariffs. That is a boldfaced lie. You and I will pay for the #Trump #tariffs
Trump’s Trade War Raises American Costs, Reduces American Incomes
The article author is likely correct. And for me it goes beyond just the dollar amount of #tariffs. Tariffs mess with investments and that is a dangerous game. China helped pull us out of the Great Recession, too. Is that how we treat a nation that helped us? What if China decides to buy from other nations next time? #Trump and his trade buddies are radicals. The trade war could be far more harmful than actual changes in GDP. I hope it has a moderate effect, but if Trump miscalculated it could throw the world into a strong recession.
Trump’s Trade War Raises American Costs, Reduces American Incomes
I'd be interested in Gary's thoughts as well. Personally, I think #Trump is doing more harm than good with his #tradewar.
Week In Review: How Trump's Policies Moved Stocks - Saturday April 20th
Of course #Trump is right about #Boeing. But it's just common sense. I always assumed that's always what Boeing would do with the #737Max. $BA
The Mueller Report: A Monumental Travesty
It's only a travesty if you don't like #Trump. But some of us actually voted for him.
Elon Musk’s Playbook Has Lost Its Shine For Tesla Investors
Neither #Musk nor #Trump should be allowed to have a Twitter account. It causes them more trouble than not. $TSLA
Ben Bernanke Killed The World Economy
#Trump's productivity growth is hardly normal. France has much larger productivity growth than the US. France! Trump is stuck in low productivity just like #Obama was. talkmarkets.com/.../trickle-down-didnt-work-for-trump-bush-and-hoover-heres-why
Trump Still Proclaims "We Will Build the Wall"
With all due respect Mish, while not a fan of #Trump, I don't think he had much of a choice in this situation. The turmoil at the airports could have broken our economy and/or lead to a fatal air traffic disaster. What would you have had him do instead?
Jim Cramer Slides To Dark Side On China Tariffs
Regardless of whether you think #Trump is right or wrong about the #tradewar, I think we can all agree that he won't back down. So if that's the case, it's better to be on the winning end. So the real question is, how do we win it?
2019: World Economy Is Reaching Growth Limits; Expect Low Oil Prices, Financial Turbulence
My concern is that #China has room to grow but #Trump seeks to limit that growth. #Energy is important, but is not the only factor. Trump's tariff war is an attempt to bully the weak, but China is far from weak. It is America that is weak. Trump is miscalculating. Here is proof: www.talkmarkets.com/.../mengs-arrest-vs-the-rule-of-law
3 reasons for the USD weakness
Good article and rather troubling. What's the solution? Would it be better for #Trump to abandon the trade war?
Meng's Arrest Vs. The Rule Of Law
Update 5: #iPhones are inferior to #Samsung and #Huawei. Poor cameras, can't handle heat. The list of best phones is in the article. And iPhones are overpriced. The cult of #Apple, the cult of #Tesla, the cult of #Trump may all be failing. The cult of America is a cult of power. Prosperity is more important than power. China appears to want prosperity more than power. Power without prosperity is doomed to failure.
A Look Into The Belly Of The Bear
Do you blame #Trump for the political instability? And do you think anything will change while he is president?