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Running with the 45 Devil and his Domestic and Global Trade War

G

gemini104104

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More winning as it appears tRump's brainwashed cult followers who were conned, punked and given the shaft over all that hate, lies and ignorance tRump fed them, and who would probably shoot themselves if tRump told them to, thinks this atrocity is making America great again. Yet there is no getting around the reality that this illegitimate and felonious so-called president in violation of U.S. Constitutional law and the will of the majority has created a curse as the bad karma effects will remain until this 45 atrocity is thrown down. As such, at mentioning the demagogue loves war, someone's so-called president 45 has created his own free pass war against the domestic and global economies as a fool's so-called president:

Here's the real economic damage from Trump's growing trade 'cold war’


Trump's decision to impose sweeping tariffs of 25 percent on steel and 10 percent on aluminum is just the most recent in a series of actions that threaten global trade.
If imposed, the tariffs will raise costs for U.S. consumers and businesses and the country could end up in a full-blown trade war with other major economies. But even if Trump drops the tariffs, carves out exemptions for specific countries, or indefinitely delays implementation, the effects on the economy could be negative and persistent.
The stock market tumbled on Wednesday over fears of retaliation from China after a report said Trump is considering another $60 billion in tariffs on Chinese goods."

https://www.cnbc.com/2018/03/14/tru...astrous-economic-consequences-commentary.html
 
Lemmee see here. If you put tariffs on a Nation's product, a secondary reaction is unavoidable. That is that the currency of the target of the tariff/s drops in value. So a nice-sounding 10% tariff might cause a 10% reduction in value of the targetted Nation's currency. Think China. Not much of an economic effect, but certain animosity from the targetted Nation. The USA sanctioned Russia after the USA plan to control all of Ukraine including Crimea and the lovely port at Sevastopol turned to worms. Knocked the Russian Ruble from 35 to the dollar to 65/70 to the dollar. That sure got those Russiand, eh? Well, not exactly. The Russian's main export product is OIL and OIL transactions are all in dollars, ergo the Russians got twice as many Rubles for the OIL. That'll teach those pesky Russkys, eh? Or not. That doubled the rubles that could be spent on infrastructure within Russian borders. For example, cheeses and tomatos were sanctioned so the Russians started growing their own tomatoes and enlarging dairies and now are exporters of those products. Lessons in how to make lemonade with lemons, don't ya' know? Seems simple enough, but some people don't learn, but it doesn't mean they can't manipulate the PR with the Mighty Wurlitzer a/k/a MSM.
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gemini104104 said:
More winning as it appears tRump's brainwashed cult followers who were conned, punked and given the shaft over all that hate, lies and ignorance tRump fed them, and who would probably shoot themselves if tRump told them to, thinks this atrocity is making America great again. Yet there is no getting around the reality that this illegitimate and felonious so-called president in violation of U.S. Constitutional law and the will of the majority has created a curse as the bad karma effects will remain until this 45 atrocity is thrown down. As such, at mentioning the demagogue loves war, someone's so-called president 45 has created his own free pass war against the domestic and global economies as a fool's so-called president:

Here's the real economic damage from Trump's growing trade 'cold war’


Trump's decision to impose sweeping tariffs of 25 percent on steel and 10 percent on aluminum is just the most recent in a series of actions that threaten global trade.
If imposed, the tariffs will raise costs for U.S. consumers and businesses and the country could end up in a full-blown trade war with other major economies. But even if Trump drops the tariffs, carves out exemptions for specific countries, or indefinitely delays implementation, the effects on the economy could be negative and persistent.
The stock market tumbled on Wednesday over fears of retaliation from China after a report said Trump is considering another $60 billion in tariffs on Chinese goods."

https://www.cnbc.com/2018/03/14/tru...astrous-economic-consequences-commentary.html
Click to expand...

You are worried about the stock market...while most Americans workers are glad to have a job now and see their wages rise.

I guess it's a matter of what your priorities are. Wall Street? Or Main Street?
 
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