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Trump Asserts He Can Force U.S. Companies to Leave China

MTAtech

MTAtech

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Trump Asserts He Can Force U.S. Companies to Leave China

BIARRITZ, France — President Trump asserted on Saturday that he has the authority to make good on his threat to force all American businesses to leave China, citing a national security law that has been used mainly to target terrorists, drug traffickers and pariah states like Iran, Syria and North Korea.

As he arrived in France for the annual meeting of the Group of 7 powers, Mr. Trump posted a message on Twitter citing the International Emergency Economic Powers Act of 1977, a law originally meant to enable a president to isolate criminal regimes not sever economic ties with a major trading partner over a tariff dispute.

“For all of the Fake News Reporters that don’t have a clue as to what the law is relative to Presidential powers, China, etc., try looking at the Emergency Economic Powers Act of 1977,” Mr. Trump wrote. “Case closed!”
...
“Any invocation of the International Emergency Economic Powers Act in these circumstances and for these purposes would be an abuse,” said Daniel M. Price, a former international economic adviser to President George W. Bush. “The act is intended to address extraordinary national security threats and true national emergencies, not fits of presidential pique.”
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The irony. This was the guy that criticized Obama for overreach. Now, he flagrantly uses executive orders and unilaterally imposes tariffs cavalierly, when the laws specifically give the president the power to impose tariffs for national security grounds.

If challenged in court, I think the courts would rule this situation is not within his authority. That's the legal argument. The next question is whether it's a good idea? American companies have invested billions of dollars on the Chinese market. Now, Trump wants them to abandon those investments and build somewhere else. I think that if my objective was to cause a massive recession, shutting down trade would be one of the elements that I would use. A second way would be trying to undermine an independent Federal Reserve.
 
MTAtech said:
Trump Asserts He Can Force U.S. Companies to Leave China



The irony. This was the guy that criticized Obama for overreach. Now, he flagrantly uses executive orders and unilaterally imposes tariffs cavalierly, when the laws specifically give the president the power to impose tariffs for national security grounds.

If challenged in court, I think the courts would rule this situation not within his authority. That's the legal argument. The next question is whether it's a good idea? I think that if my objective was to cause a massive recession, shutting down trade would be one of the elements that I would use. A second way would be trying to undermine an independent Federal Reserve.
Click to expand...

He knows that. He is using the MSM media trolls to get the China problem in the forefront where it belongs. We need to disengage our supply chain from China. Industry can’t stand by and hope we are going to BOHICA when Trump is gone when he goes, and another weak president takes his place and continues to make unenforceable deals.

This is a permanent battle. Every dollar of Chinese surplus is invested in destroying the USA. Their stated national goal is to be the worlds manufacturer. Where does that leave us? We become a agricultural colony.
 
chuckiechan said:
He knows that. He is using the MSM media trolls to get the China problem in the forefront where it belongs. We need to disengage our supply chain from China. Industry can’t stand by and hope we are going to BOHICA when Trump is gone when he goes, and another weak president takes his place and continues to make unenforceable deals.

This is a permanent battle. Every dollar of Chinese surplus is invested in destroying the USA. Their stated national goal is to be the worlds manufacturer. Where does that leave us? We become a agricultural colony.
Click to expand...

I am glad you and the trolls at fox nooz seem to have an insider's knowledge of what trump is doing and why.

Can you give me a source that proves your assertion? Or can I chalk it up to useless wishlisting noize?
 
MTAtech said:
Trump Asserts He Can Force U.S. Companies to Leave China



The irony. This was the guy that criticized Obama for overreach. Now, he flagrantly uses executive orders and unilaterally imposes tariffs cavalierly, when the laws specifically give the president the power to impose tariffs for national security grounds.

If challenged in court, I think the courts would rule this situation is not within his authority. That's the legal argument. The next question is whether it's a good idea? American companies have invested billions of dollars on the Chinese market. Now, Trump wants them to abandon those investments and build somewhere else. I think that if my objective was to cause a massive recession, shutting down trade would be one of the elements that I would use. A second way would be trying to undermine an independent Federal Reserve.
Click to expand...

You would think this should serve as a warning to Congress to get off their ass and take the powers back that they have given over to the executive branch.......but we all know they aren't interested in that.
 
In the (warped?) mind of Trump, tariffs may be viewed as a great way to increase federal revenue (thus reducing the federal "budget" deficit) while, at the same time, messing up the economy of China and reducing the trade deficit. If Trump can manage to redirect the (new and thus off budget?) windfall of tariff revenue to fund some of his spending priorities (pet projects?) then that is an added bonus.
 
Nap said:
You would think this should serve as a warning to Congress to get off their ass and take the powers back that they have given over to the executive branch.......but we all know they aren't interested in that.
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Well, the majority in the Senate aren't interested in it, at least not for the next year and a half or so...
 
MTAtech said:
Trump Asserts He Can Force U.S. Companies to Leave China



The irony. This was the guy that criticized Obama for overreach. Now, he flagrantly uses executive orders and unilaterally imposes tariffs cavalierly, when the laws specifically give the president the power to impose tariffs for national security grounds.

If challenged in court, I think the courts would rule this situation is not within his authority. That's the legal argument. The next question is whether it's a good idea? American companies have invested billions of dollars on the Chinese market. Now, Trump wants them to abandon those investments and build somewhere else. I think that if my objective was to cause a massive recession, shutting down trade would be one of the elements that I would use. A second way would be trying to undermine an independent Federal Reserve.
Click to expand...
People love authoritarianism so long as it aligns with their belief system. Obviously, Obama ordering businesses around would spur conservatives talk of a revolution, but this is a Repub POTUS, so...
 
chuckiechan said:
He knows that. He is using the MSM media trolls to get the China problem in the forefront where it belongs. We need to disengage our supply chain from China. Industry can’t stand by and hope we are going to BOHICA when Trump is gone when he goes, and another weak president takes his place and continues to make unenforceable deals.

This is a permanent battle. Every dollar of Chinese surplus is invested in destroying the USA. Their stated national goal is to be the worlds manufacturer. Where does that leave us? We become a agricultural colony.
Click to expand...
Of course, Trump never means the things that he actually says, he means the things you want him to say.
 
MTAtech said:
Trump Asserts He Can Force U.S. Companies to Leave China



The irony. This was the guy that criticized Obama for overreach. Now, he flagrantly uses executive orders and unilaterally imposes tariffs cavalierly, when the laws specifically give the president the power to impose tariffs for national security grounds.

If challenged in court, I think the courts would rule this situation is not within his authority. That's the legal argument. The next question is whether it's a good idea? American companies have invested billions of dollars on the Chinese market. Now, Trump wants them to abandon those investments and build somewhere else. I think that if my objective was to cause a massive recession, shutting down trade would be one of the elements that I would use. A second way would be trying to undermine an independent Federal Reserve.
Click to expand...

One of his campaign promises was America first and he is attempting to fulfill that promise, but he's erroneous in how he's going about it.

Disrupting trade of goods is a sure way to cause the markets to fall, consumer prices to increase, and the overall economy to falter. That's putting America last, not first.

Funny how he's harping on American businesses in China, but to my knowledge he hasn't uttered a word about all the American banks opening overseas call centers and corporate offices - specifically in India and Philippines.
 
exoplanet said:
Well, the majority in the Senate aren't interested in it, at least not for the next year and a half or so...
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And that is the issue, as long as one group has the power they aren't about to relinquish it. It is almost like they don't understand that eventually they will fall out of power and then the other side will control it. It is in the best interest of both parties and the country as a whole to diminish the power of the executive branch.
 
This is a national emergency and, like the illegal immigration national emergency, it has been allowed to go on for far too long.

Stealing intellectual property

Forced technology transfers

Dumping into our markets

Putting our companies out of business

Subsidizing Chinese businesses

Currency manipulation

Flooding our country with Fentanyl​

All of this has been going on...and has been ignored by previous administrations...for decades.
 
Mycroft said:
This is a national emergency and, like the illegal immigration national emergency, it has been allowed to go on for far too long.

Stealing intellectual property

Forced technology transfers

Dumping into our markets

Putting our companies out of business

Subsidizing Chinese businesses

Currency manipulation

Flooding our country with Fentanyl​

All of this has been going on...and has been ignored by previous administrations...for decades.
Click to expand...

Funny that none of that had dissuaded the Trump family business from continuing to capitalize on Chinese manufactured Trump brand merchandise. Guess Ivanka will have to toss away all those numerous trademark application approvals the Chinese government granted her last November now.
 
Nap said:
And that is the issue, as long as one group has the power they aren't about to relinquish it. It is almost like they don't understand that eventually they will fall out of power and then the other side will control it. It is in the best interest of both parties and the country as a whole to diminish the power of the executive branch.
Click to expand...
I would say that Trump has shown that the assumed limitations of democratic norms aren't going to be enough. We have to explicitly call out the limitations of any delegation of authority without any weasel language and require explicit approval by both legislative bodies. I do think there is some benefit to the swift action that a President can take, but it always should require a clear time limit and congressional approval.
 
Mycroft said:
This is a national emergency and, like the illegal immigration national emergency, it has been allowed to go on for far too long.

Stealing intellectual property

Forced technology transfers

Dumping into our markets

Putting our companies out of business

Subsidizing Chinese businesses

Currency manipulation

Flooding our country with Fentanyl​

All of this has been going on...and has been ignored by previous administrations...for decades.
Click to expand...
But I thought the economy was doing great... I mean how can it be such a big emergency when the economy is so sound?
 
Atomic Kid said:
Funny that none of that had dissuaded the Trump family business from continuing to capitalize on Chinese manufactured Trump brand merchandise. Guess Ivanka will have to toss away all those numerous trademark application approvals the Chinese government granted her last November now.
Click to expand...

None of that negates the actions of the Chinese.

Or...would you rather Trump act like Biden and not work to resolve those issues and, instead, let them continue so that his son can get paid a billion dollars by China?
 
exoplanet said:
But I thought the economy was doing great... I mean how can it be such a big emergency when the economy is so sound?
Click to expand...

Our economy IS doing great, but it will do better when that stuff stops.

Or do you think Trump shouldn't be working to end these corrupt actions by China?
 
ttwtt78640 said:
In the (warped?) mind of Trump, tariffs may be viewed as a great way to increase federal revenue (thus reducing the federal "budget" deficit) while, at the same time, messing up the economy of China and reducing the trade deficit. If Trump can manage to redirect the (new and thus off budget?) windfall of tariff revenue to fund some of his spending priorities (pet projects?) then that is an added bonus.
Click to expand...
I don't know if you noticed it but the trade deficit has increased since the tariffs went into effect.

fredgraph.png
 
Mycroft said:
This is a national emergency and, like the illegal immigration national emergency, it has been allowed to go on for far too long.

Stealing intellectual property

Forced technology transfers

Dumping into our markets

Putting our companies out of business

Subsidizing Chinese businesses

Currency manipulation

Flooding our country with Fentanyl​

All of this has been going on...and has been ignored by previous administrations...for decades.
Click to expand...
It's not a national emergency, no matter how you try to spin it.

The law is titled: "§ 1701. Unusual and extraordinary threat; declaration of national emergency; exercise of Presidential authorities"

The law specifically states:
The authorities granted to the President by section 1702 of this title may only be exercised to deal with an unusual and extraordinary threat with respect to which a national emergency has been declared for purposes of this chapter and may not be exercised for any other purpose. Any exercise of such authorities to deal with any new threat shall be based on a new declaration of national emergency which must be with respect to such threat.
{emphases added}
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You admit it has done on for "a long time." As such, it isn't a "new threat" that this law authorizes presidential action.

If Trump wants to make a case, the proper avenue is to go to Congress -- you know, exactly what Republicans said when Obama was president.
 
Indie guy said:
One of his campaign promises was America first and he is attempting to fulfill that promise, but he's erroneous in how he's going about it.

Disrupting trade of goods is a sure way to cause the markets to fall, consumer prices to increase, and the overall economy to falter. That's putting America last, not first.

Funny how he's harping on American businesses in China, but to my knowledge he hasn't uttered a word about all the American banks opening overseas call centers and corporate offices - specifically in India and Philippines.
Click to expand...

"America First" was just a campaign slogan. The devil is always in the details. The concept: formulate policies that are good for the United States, is not unique to Trump. All previous presidents had an allegiance to the country and formed policies that they thought were in her best interest.

I contend that Trump's go-it-alone; alienate your allies; suck-up to dictators; and disruptive cause trade wars that harm farmers, manufacturers, workers and consumers, is antithetical to America First.
 
exoplanet said:
People love authoritarianism so long as it aligns with their belief system. Obviously, Obama ordering businesses around would spur conservatives talk of a revolution, but this is a Repub POTUS, so...
Click to expand...
Please site when Obama 'ordered businesses around the world.' I have no memory of that happening.
 
MTAtech said:
It's not a national emergency, no matter how you try to spin it.

The law is titled: "§ 1701. Unusual and extraordinary threat; declaration of national emergency; exercise of Presidential authorities"

The law specifically states:
You admit it has done on for "a long time." As such, it isn't a "new threat" that this law authorizes presidential action.

If Trump wants to make a case, the proper avenue is to go to Congress -- you know, exactly what Republicans said when Obama was president.
Click to expand...

You don't think the things I listed are "an unusual and extraordinary threat"? I do.

Well, If Trump does use that Act to deal with China, I guess we'll see if a court agrees with you or not.
 
Mycroft said:
This is a national emergency and, like the illegal immigration national emergency, it has been allowed to go on for far too long.

Stealing intellectual property

Forced technology transfers

Dumping into our markets

Putting our companies out of business

Subsidizing Chinese businesses

Currency manipulation

Flooding our country with Fentanyl​

All of this has been going on...and has been ignored by previous administrations...for decades.
Click to expand...

Why hasn't he declared a national emergency yet then? After all, emergencies are supposed to represent an immediate threat, so why is he delaying in declaring it?
 
Zoupish said:
Why hasn't he declared a national emergency yet then? After all, emergencies are supposed to represent an immediate threat, so why is he delaying in declaring it?
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Because sending combat trained Active Duty Marines to fill sandbags in front of big business establishments won't make the political noise that sending combat trained Active Duty Marines to fill sandbags in front of Border Patrol agents had.
 
Obscurity said:
I am glad you and the trolls at fox nooz seem to have an insider's knowledge of what trump is doing and why.

Can you give me a source that proves your assertion? Or can I chalk it up to useless wishlisting noize?
Click to expand...

All the cultist have the Super Duper offically issued Decoder Ring. ;)

decoder ring.jpg
 
Zoupish said:
Why hasn't he declared a national emergency yet then? After all, emergencies are supposed to represent an immediate threat, so why is he delaying in declaring it?
Click to expand...

We've been through this before, remember? He doesn't need to use that tool yet. But that doesn't mean he can't use the tool when he's ready.
 
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