Possible trade war on the horizon.

jnug said:

Well if this capable team you refer to has some plan to quickly bring our standard of living and average wage down close enough to newly industrialized world standards then I would agree with you. Do they have this plan?

And how does anything we do bilaterally with China solve the IP issue which is the only real issue we have with them....an issue that must be resolved multilaterally no matter how much a particular country might be offending. It is just too easy to move stolen IP around.

I have not looked today but I think I remember this number right. Current average income in China is the equivalent of $10k US per year. Not sure how much US stuff they are going to buy with that. That is a major improvement for them from what it was mid-20th century but not exactly the kind of buying power that is going to blow our dresses up.

Trump's economic policy is coordinated as you suggest like my laundry days are coordinated.

and who is this "team" you refer to.

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The thing to remember about China is that their $10k per worker per year is spread pretty thinly....770,000,000 workers. Our $50k per year is packed into 125,000,000 workers. They are extremely debt averse and we are if anything not at all debt averse. We could stand a bit of debt aversion.

So this is mainly why we can export relatively low cost things to them. That is what they can afford. We have much more headroom in our budgets and we are usually happy to take on debt.

We can likely send them more agro products which would make me happy since I think agro is one our best and most ignored categories for trade. Beyond that, not much I suspect. Whatever else it can be, it won't be the sorts of products we think about as medium income products here. Their families just don't have that sort of headroom.

Mnuchin..only one of them worth a darn. He is ruthless....probably should have been indicted several times over regarding Bank West but he does know what he is doing and he is a process guy. Lighthiezer. (probably just butchered spelling his name) is about half a Mnuchin. The rest of them...are worthless...utterly worthless in this environment. Unless you can roll loan default and bankruptcy up into an actual economic policy, trump has no earthly idea.

jnug said:

Mnuchin..only one of them worth a darn. He is ruthless....probably should have been indicted several times over regarding Bank West but he does know what he is doing and he is a process guy. Lighthiezer. (probably just butchered spelling his name) is about half a Mnuchin. The rest of them...are worthless...utterly worthless in this environment. Unless you can roll loan default and bankruptcy up into an actual economic policy, trump has no earthly idea.

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And yet...these are the guys who are saving our steel and aluminum industries. These are the guys who have gotten China to the table. These are the guys who have gotten Rocket Man to meet. Among other things...

Too bad they are so worthless.

Mycroft said:

And yet...these are the guys who are saving our steel and aluminum industries. These are the guys who have gotten China to the table. These are the guys who have gotten Rocket Man to meet. Among other things...

Too bad they are so worthless.

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- We have not met KJU yet and I am not really sure what we are doing since there is no staff to properly prepare going in nor flesh through coming out
- China to the table I think I already covered in depth
-steel and alium....there are only 200,000 steel and alum workers left mainly due to technology and automation. Go look at a rust belt factory these days. Where there were 5 guys at work stations now there is one just checking to make sure the stuff is coming off the machinery to spec...quiet steel mills...very quiet steel mills. So no matter what we do, we are not going to bring the rust belt back. If we want to convert whats left to high tech and military armor grade production that would be fine. But it won't do much for the economy.

You have to do stuff that is real, not made up political stuff if you are actually going to have an economic policy that leads to real improvement. We don't have that and until trump stops screwing around with red meat for his base we won't have that. I don't even think we will have it then because trump is just winging it obviously. There is no such thing as combining huge corporate tax breaks with protectionist tariffs no matter what rational you make for them and have that roll up to an actual economic policy.

jnug said:

- We have not met KJU yet and I am not really sure what we are doing since there is no staff to properly prepare going in nor flesh through coming out
- China to the table I think I already covered in depth
-steel and alium....there are only 200,000 steel and alum workers left mainly due to technology and automation. Go look at a rust belt factory these days. Where there were 5 guys at work stations now there is one just checking to make sure the stuff is coming off the machinery to spec...quiet steel mills...very quiet steel mills. So no matter what we do, we are not going to bring the rust belt back. If we want to convert whats left to high tech and military armor grade production that would be fine. But it won't do much for the economy.

You have to do stuff that is real, not made up political stuff if you are actually going to have an economic policy that leads to real improvement. We don't have that and until trump stops screwing around with red meat for his base we won't have that. I don't even think we will have it then because trump is just winging it obviously. There is no such thing as combining huge corporate tax breaks with protectionist tariffs no matter what rational you make for them and have that roll up to an actual economic policy.

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Just because nobody is telling you what preparations are being made, doesn't mean there won't be a meeting.

Getting China to change their policies and come to the table is a significant event.

Regardless how many jobs come of it, preventing our steel and aluminum industries from going belly up is a good thing, though you...with your anti-Trump pessimism...might not agree.

Mycroft said:

Just because nobody is telling you what preparations are being made, doesn't mean there won't be a meeting.

Getting China to change their policies and come to the table is a significant event.

Regardless how many jobs come of it, preventing our steel and aluminum industries from going belly up is a good thing, though you...with your anti-Trump pessimism...might not agree.

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Steel and alum is not going belly up but will never again be what it was
China IMO is making an effort to save us from our stupidity....Nothing significant will come of China to the table because the only real problem we have with them is IP and you can't solve IP thievery issues bilaterally.

We no longer have a state dept that is not a shell. So there is no real reason to expect some grand result out of this meeting unless they delay it long enough to prepare for it properly...that is not early May not late May and if they leave in May they will not have prepared. There isn't even a S Korea desk in the current state dept nor a S. Korean Ambassador. I know you trumpoids think that you can just toss everything up in the air and it will just all come out OK. But that is NOT a rational expectation. Then again I guess rationality is a bridge too far.

It does not work! It was the UK that got these Russian diplomats thrown out which oh by the way was the wrong thing to do. Its China trying to bail us out of our trariffs mess and S. Koreans brought this possible meeting to us. That does not look too impressive for the leadership of the free world.

jnug said:

Steel and alum is not going belly up but will never again be what it was
China IMO is making an effort to save us from our stupidity....Nothing significant will come of China to the table because the only real problem we have with them is IP and you can't solve IP thievery issues bilaterally.

We no longer have a state dept that is not a shell. So there is no real reason to expect some grand result out of this meeting unless they delay it long enough to prepare for it properly...that is not early May not late May and if they leave in May they will not have prepared. There isn't even a S Korea desk in the current state dept nor a S. Korean Ambassador. I know you trumpoids think that you can just toss everything up in the air and it will just all come out OK. But that is NOT a rational expectation. Then again I guess rationality is a bridge too far.

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That anti-Trump pessimism I mentioned is in full swing, I see.

The steel industry...for national security...is five years and the aluminum industry...for national security...is one year from fading way. Trump ended that problem.

The "IP" issue isn't responsible for half a trillion dollar deficit.

The NK meeting can and will happen. We don't need a bloated State Department bureaucracy to make it so. We just need...and have...a President who won't accept "no" as an excuse.

Mycroft said:

That anti-Trump pessimism I mentioned is in full swing, I see.

The steel industry...for national security...is five years and the aluminum industry...for national security...is one year from fading way. Trump ended that problem.

The "IP" issue isn't responsible for half a trillion dollar deficit.

The NK meeting can and will happen. We don't need a bloated State Department bureaucracy to make it so. We just need...and have...a President who won't accept "no" as an excuse.

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Nothing will cure the half trillion $ TRADE deficit and that is not even a problem. Its only a problem for people that simply do not understand it.
As for president the that won't accept NO.....NOBODY was hoping for this. Everybody was hoping for a Donald who would transition out of being donald which has not happened obviously.
As for what was just done for steel and alum...if it was dying in a year it will STILL die in a year because what trump did will not save it. But it could have hurt other jobs. I doubt now that either will happen because trump has effectively added steel and alum tariffs and then removed from everywhere that it mattered. That will just end up being one of those things that adds to the confusion and the chaos which is of course all this administration produces.

People need to get over this idea that what trump did in business was any sort of process that can work. Trump simply borrowed money. defaulted on the loans, went bankrupt and then found a new bunch of suckers to lend him more money which he lost, defaulting on the loans and going bankrupt AGAIN and AGAIN and yet AGAIN. He did that so often that he ran out of people that would lend him money that you could even assume might be legitimate money and ended up with loans from banks that were looking for borrowers to suck up all the cash they were trying to launder. That is the money that might likely now get him into a lotta' trouble.

If I were Putin, since the money was Russian money in the first place originating at one of his banks, I would have just bought up the debt and wrapped it in a bow around trump's private parts which is probably what Putin did.

The only "successful" thing donald ever did was produce and star in a reality TV show. That is it. So you boys go ahead and fantasize about a reality TV star that simply defaulted and went bankrupt either four or six times (can't remember which) having some plan besides just throwing stuff up in the air and seeing where it lands working out in the position he holds today. The left already had its fantasy in the peanut farmer who at least as an administrator bears scary resemblance to this guy.

Just for the record, I knew Ronald Reagan and Donald Trump is no Ronald Reagan. At least Reagan could articulate US positions sufficiently enough to actually speak to the world in times of conflict. You really can't rely on donald to get out more than "Big Mac and Fries". That is about the extent of what you can expect from Donald.

jnug said:

Nothing will cure the half trillion $ TRADE deficit and that is not even a problem. Its only a problem for people that simply do not understand it.
As for president the that won't accept NO.....NOBODY was hoping for this. Everybody was hoping for a Donald who would transition out of being donald which has not happened obviously.
As for what was just done for steel and alum...if it was dying in a year it will STILL die in a year because what trump did will not save it. But it could have hurt other jobs. I doubt now that either will happen because trump has effectively added steel and alum tariffs and then removed from everywhere that it mattered. That will just end up being one of those things that adds to the confusion and the chaos which is of course all this administration produces.

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That highlighted part honestly made me laugh. But seriously, I don't think you can speak for "everybody". There are a lot of people who are not rabidly anti-Trump who are happy that Donald is being donald...and doing what he told them he wanted to do when he successfully campaigned to become President.

In any case, the rest of your post is nothing but your pessimism. I'll leave you with a couple videos...not that I expect you to take them seriously.