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Thread: Dow drops 350 points after Trump orders US companies to look for ‘alternative to China’

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    Dow drops 350 points after Trump orders US companies to look for ‘alternative to China’

    "Trade wars are easy to win."-- Stupid Clown President.

    China struck back with retaliatory tariffs on $75 billion in American goods and reinstated levies on auto products Friday, delivering a strategically timed blow as recession warning signs cast doubt on the strength of the U.S. economy.
    China hits U.S. with tariffs on $75 billion worth of goods, including autos


    Our Country has lost, stupidly, Trillions of Dollars with China over many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen! We don’t need China and, frankly, would be far........better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing......your companies HOME and making your products in the USA. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE,........all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop - it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!
    Dow drops 350 points after Trump orders US companies to look for ‘alternative to China’
    When this is all over, nobody will admit to ever having supported it. -- David Frum

    Trump does the things that Trump supporters hate and claim not to support, but they don't realize Trump and his people are the ones doing them.

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    Re: Dow drops 350 points after Trump orders US companies to look for ‘alternative to China’

    "Hereby ordered..." Trump has 'hereby ordered' American companies. And people say he doesn't want to be a dictater.
    "If she gets to pick her judges, nothing you can do folks. Though the Second Amendment people, maybe there is, I don’t know.”
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    Re: Dow drops 350 points after Trump orders US companies to look for ‘alternative to China’

    This is more disjointed policy. The gripe that Trump has with China is that it runs a trade surplus with the U.S. If imports are shifted from China to Vietnam, there is no difference to trade deficits.

    China just decided to retailiate with another $75 billion in tariffs against the U.S.

    For the record, trade wars are neither good nor easy to win.

    Thanks Putin.
    “Those who can make you believe absurdities, can make you commit atrocities.” ― Voltaire

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    Re: Dow drops 350 points after Trump orders US companies to look for ‘alternative to China’

    Quote Originally Posted by Grand Mal View Post
    "Hereby ordered..." Trump has 'hereby ordered' American companies. And people say he doesn't want to be a dictater.
    The king is mad. In Game of Thrones, he would have been beheaded last season. Perhaps on the first episode...
    When this is all over, nobody will admit to ever having supported it. -- David Frum

    Trump does the things that Trump supporters hate and claim not to support, but they don't realize Trump and his people are the ones doing them.

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    Re: Dow drops 350 points after Trump orders US companies to look for ‘alternative to China’

    I’m wondering how much longer this can go on before Xi starts dumping bonds.

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    Re: Dow drops 350 points after Trump orders US companies to look for ‘alternative to China’

    That's quite the rant he went on this morning. Apparently trade wars are easy to win until they're not. I'll reserve judgement until there's a final outcome, but I don't see some massive shift in manufacturing happening (i.e. moving manufacturing to other nations) happening at the drop of a hat.

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    Re: Dow drops 350 points after Trump orders US companies to look for ‘alternative to China’

    Cost of labor is dirt cheap in India.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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    Re: Dow drops 350 points after Trump orders US companies to look for ‘alternative to China’

    Quote Originally Posted by Napoleon View Post
    I’m wondering how much longer this can go on before Xi starts dumping bonds.
    Already did.

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    Re: Dow drops 350 points after Trump orders US companies to look for ‘alternative to China’

    Quote Originally Posted by Jay59 View Post
    Already did.
    Only a very small amount. China still owns over $1 trillion in bonds that could be weaponized.

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    Re: Dow drops 350 points after Trump orders US companies to look for ‘alternative to China’


    The whole purpose of Obama's Trans Pacific Partnership was to find alternatives to China. How is this different?

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