Miscellaneous News
- Thread starter bd popeye
- Start date
Do u think the democrat aligned media are being "less anti CN" to "attack" tr#mp?
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"[...]Jaguar Land Rover has announced it will "pause" all shipments to the US as it works to "address the new trading terms" after tariffs were imposed earlier this week.[...]"
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WTF is this delusional nonsense?
This is basically a repeat of trade war 1.0
He cannot believe that another country hasn't tried groveling and begging for a deal like Vietnam has. Even the EU seems to be considering dropping tariffs on at least some goods to 0%. For Trump, the goal is as much psychological as it is anything related to economics. He wants the other side to abase themselves, humiliate themselves, so he can lord it over them and then maybe...just maybe...drop a crumb for them in return for groveling. It feeds his Narcissistic Personality Disorder. Then the nerve of a non-white nation to not only not grovel but to slap back just as hard! When a narcissist suffers a narcissistic injury (i.e. a blow to their ego and self-esteem), the most common reaction is rage
Time to keep shorting the market
manqiangrexue
Brigadier
That's as clear as it can get for an American politician telling you they requested meetings with China and China didn't respond LOL If he wasn't such a scared little helpless bitch, he'd put on the 50% without being a loudmouth announcing a deadline on Twitter, asking China to drop our 34%, essentially trying to angrily negotiate with himself.
Also, doesn't agree with Ron Vara about whether he wants to negotiate with shit like Vietnam.
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Tariffs just a smoke screen for Trump, maybe it is what Navarro truly believes.
The real issue is the US debt, about 9 trillion of it will mature this year. US government has no money to redeem it.
That's why some countries offer 0% tariff would not cut it with Trump.
Orange führer ultimate wants either re-roll the debt to a longer term, 30 to 50 years or maybe even 100 years. Or wants
some sucker countries to buy more. Projection is US might need to issue another $12 Trillion debt in the near future.
And that's why Vietnam's 0% tariff offer got rejected. US is a consumer economy, it does not have enough crap to sell to the
rest of the world to cover the trade deficit even it wants to. And most of its products aren't competitive on the international market either. Japan has 0% tariff on import passenger vehicles, still no one will buy US made cars.
That's why Trump talks like a street merchant about getting money from everyone. It's not the imbalance of the trades. It's the US debt.
The problem is there aren't that many countries can or want to purchase additional US debt, at least not that large amount. When China and US relationship on OK terms, China would purchase US debt with trade surplus. That time has long passed. Trump can throw 1000% tariff on China, he still can't solve US debt problems. Europeans and Japanese can't cover the amount of US debt that's maturing this year. Neither could any other countries that has trade surplus. How much US debt can Vietnam buy with trade surplus.
Trump ultimately wants to make a deal on US debt with creditors or potential buyers. Since he and most his inner circle are bunch of illiterate ivy league graduates, the only solutions is to go hardcore tariff on other countries, it's the only leverage he has at this moment.
If he had asked nicely, he might get some results, too bad he think hammer (in case of US, it's a 12 gauge shotgun) is the solution to every problems he has. He's also unwilling to do any real negotiations with anyone does not help either.
American's mindset still stuck at 19-20th century imperial colonialism. Grab/rob whatever it can and whenever it needs to. Unfortunately for Trump and his America, China is standing in his way. And it's burning him alive from inside when there is nothing he can do about it.
The real issue is the US debt, about 9 trillion of it will mature this year. US government has no money to redeem it.
That's why some countries offer 0% tariff would not cut it with Trump.
Orange führer ultimate wants either re-roll the debt to a longer term, 30 to 50 years or maybe even 100 years. Or wants
some sucker countries to buy more. Projection is US might need to issue another $12 Trillion debt in the near future.
And that's why Vietnam's 0% tariff offer got rejected. US is a consumer economy, it does not have enough crap to sell to the
rest of the world to cover the trade deficit even it wants to. And most of its products aren't competitive on the international market either. Japan has 0% tariff on import passenger vehicles, still no one will buy US made cars.
That's why Trump talks like a street merchant about getting money from everyone. It's not the imbalance of the trades. It's the US debt.
The problem is there aren't that many countries can or want to purchase additional US debt, at least not that large amount. When China and US relationship on OK terms, China would purchase US debt with trade surplus. That time has long passed. Trump can throw 1000% tariff on China, he still can't solve US debt problems. Europeans and Japanese can't cover the amount of US debt that's maturing this year. Neither could any other countries that has trade surplus. How much US debt can Vietnam buy with trade surplus.
Trump ultimately wants to make a deal on US debt with creditors or potential buyers. Since he and most his inner circle are bunch of illiterate ivy league graduates, the only solutions is to go hardcore tariff on other countries, it's the only leverage he has at this moment.
If he had asked nicely, he might get some results, too bad he think hammer (in case of US, it's a 12 gauge shotgun) is the solution to every problems he has. He's also unwilling to do any real negotiations with anyone does not help either.
American's mindset still stuck at 19-20th century imperial colonialism. Grab/rob whatever it can and whenever it needs to. Unfortunately for Trump and his America, China is standing in his way. And it's burning him alive from inside when there is nothing he can do about it.
