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Thread: NYT: Trumpís Trade War Escalation Will Exact Economic Pain, Adviser Says

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    Re: NYT: Trumpís Trade War Escalation Will Exact Economic Pain, Adviser Says

    As I posted in another thread, the results of these tariffs are already quite clear:

    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. Theyíre racists. Theyíre misogynists. Theyíre islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

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    Re: NYT: Trumpís Trade War Escalation Will Exact Economic Pain, Adviser Says

    If I respond to you, I feel there is something worth discussing. If I do not, you either said something trivial or too stupid to merit a response.

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    Re: NYT: Trumpís Trade War Escalation Will Exact Economic Pain, Adviser Says

    Quote Originally Posted by Cardinal View Post
    I have little doubt the Chinese feel much as Juncker did when Trump first started the trade wars:

    "So now we will also impose import tariffs. This is basically a stupid process, the fact that we have to do this. But we have to do it. We will now impose tariffs on motorcycles, Harley Davidson, on blue jeans, Levis, on Bourbon. We can also do stupid. We also have to be this stupid."

    Juncker responds to Trump's trade tariffs: 'We can also do stupid' | Euronews

    Does Trump know that this is harmful and that nobody actually wins a trade war? Yes, actually I believe he's perfectly aware of this.
    Yes, I agree that he is aware of how harmful it is. I also think he's so anti-American that he doesn't care. It's red meat for his fan base, and he knows they are too stupid to challenge him.
    It's disgraceful. I'm going to maybe and I'm looking at it very seriously. We're doing some other things that you probably noticed like some of the very important things that we're doing now. But we're looking at it very seriously because you can't do that. - President Donald J. Trump

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    Re: NYT: Trumpís Trade War Escalation Will Exact Economic Pain, Adviser Says

    Quote Originally Posted by tres borrachos View Post
    Yes, I agree that he is aware of how harmful it is. I also think he's so anti-American that he doesn't care. It's red meat for his fan base, and he knows they are too stupid to challenge him.
    I don't think he's stupid, and I don't think that he gives two craps about his base when it comes to finances. As I said, I strongly suspect that he's been engaging in a form of pump-and-dump scheme for the last year and a half, and that will be the single greatest scam he's inflicted on the planet.

    Everything has always been about profit, for himself and for his friends.

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    Re: NYT: Trumpís Trade War Escalation Will Exact Economic Pain, Adviser Says

    Quote Originally Posted by Cardinal View Post
    ...
    Does Trump know that this is harmful and that nobody actually wins a trade war? Yes, actually I believe he's perfectly aware of this.
    What seems to really bother Trump isn’t China’s genuine policy sins, but its trade surplus with the United States, which he has repeatedly said is $500 billion a year. This trade surplus, he insists, means that China is winning -- in effect stealing $500 billion a year from America. That's like saying that I'm losing to the supermarket because I give them money but they never buy anything from me.
    ďThose who can make you believe absurdities, can make you commit atrocities.Ē ― Voltaire

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    Re: NYT: Trumpís Trade War Escalation Will Exact Economic Pain, Adviser Says

    Quote Originally Posted by MTAtech View Post
    New York Times: Trump’s Trade War Escalation Will Exact Economic Pain, Adviser Says
    Relevant snippets:

    My comment: So, even Larry Kudlow now admits the trade war will hurt Americans. “In fact, both sides will pay,” Mr. Kudlow said on “Fox News Sunday.” “Both sides will suffer on this.”
    Let's pretend that Trump has enough brains to actually think he's on the right side of history with this and his intended effect is to stimulate American manufacturing to come home.

    We DO REALIZE, of course, that literally ALL of said manufacturing is going to be AUTOMATED, yes?
    It's not going to look like Chinese manufacturing in any way.
    It's not going to be Chinese style automation or Chinese sweatshops, it's going to be a uniquely American style of automation but automated IT WILL BE, guaranteed.
    Guaranteed because there is no other way for domestic manufacturing to be remotely competitive or even feasible.

    Are we cranking out millions of American kids who are trained to work in an automated manufacturing environment?
    No, not in the least, not even remotely.
    And why aren't we doing this?
    Quote Originally Posted by aociswundumho View Post
    The best part of that video was that there weren't any union workers in it.

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    Re: NYT: Trumpís Trade War Escalation Will Exact Economic Pain, Adviser Says

    Quote Originally Posted by Airyaman View Post
    So much winning.
    It's disgraceful. I'm going to maybe and I'm looking at it very seriously. We're doing some other things that you probably noticed like some of the very important things that we're doing now. But we're looking at it very seriously because you can't do that. - President Donald J. Trump

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    Re: NYT: Trumpís Trade War Escalation Will Exact Economic Pain, Adviser Says

    Quote Originally Posted by Cardinal View Post
    I don't think he's stupid, and I don't think that he gives two craps about his base when it comes to finances. As I said, I strongly suspect that he's been engaging in a form of pump-and-dump scheme for the last year and a half, and that will be the single greatest scam he's inflicted on the planet.

    Everything has always been about profit, for himself and for his friends.
    Himself and his children, and his rich friends.
    It's disgraceful. I'm going to maybe and I'm looking at it very seriously. We're doing some other things that you probably noticed like some of the very important things that we're doing now. But we're looking at it very seriously because you can't do that. - President Donald J. Trump

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    Re: NYT: Trumpís Trade War Escalation Will Exact Economic Pain, Adviser Says

    Quote Originally Posted by Checkerboard Strangler View Post
    Let's pretend that Trump has enough brains to actually think he's on the right side of history with this and his intended effect is to stimulate American manufacturing to come home.

    We DO REALIZE, of course, that literally ALL of said manufacturing is going to be AUTOMATED, yes?
    It's not going to look like Chinese manufacturing in any way.
    It's not going to be Chinese style automation or Chinese sweatshops, it's going to be a uniquely American style of automation but automated IT WILL BE, guaranteed.
    Guaranteed because there is no other way for domestic manufacturing to be remotely competitive or even feasible.

    Are we cranking out millions of American kids who are trained to work in an automated manufacturing environment?
    No, not in the least, not even remotely.
    And why aren't we doing this?
    I'm not too worried about the movement of jobs. Before 1900, 80% of employment was on farms. Somehow, we were able to bring that down to 3% and still have found work for those people displaced. What it did was cause geographical disruption as workers moved to cities to take advantage of factory jobs. Movement away from rural areas is why today those areas are more like ghettos of the 1970s, which were inner cities. Rural areas are where the new drug problems exist, mainly due to economic despair.
    ďThose who can make you believe absurdities, can make you commit atrocities.Ē ― Voltaire

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    Re: NYT: Trumpís Trade War Escalation Will Exact Economic Pain, Adviser Says

    Quote Originally Posted by tres borrachos View Post
    So much winning.
    I feel bad for the farmers that are suffering. Frustration Mounts Among Farmers as China Trade Talks Break Down - The New York Times

    However, we warned them that this guy doesn't know what he's doing and they voted for him anyway.
    ďThose who can make you believe absurdities, can make you commit atrocities.Ē ― Voltaire

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