Report: Trump is winning the trade war with China (Congress, spokesman, March)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Don’t look now, but there are numerous signs that President Trump is winning the trade war with China. While the battle over tariffs and protecting intellectual property may eventually damage the United States’ economy, there are signs that China is already paying a price for its refusal to bend to Trump’s demands.
One indicator of that price is the sharp plunge in China’s stock exchanges. Since the White House announced the first tariffs — on washing machines and solar cells on Jan. 22 — the Shanghai Index of Chinese stocks is down nearly 20 percent, while the S&P 500 is off less than 1 percent.
LOL. inflation is jumping. This is not a sign of winning. There is no way we win this with China this way. We dont have the national will, or government to do so in this particular way. I DO believe its winnable, but I find it unlikely to occur with the current tactics being used.
Although I have some thoughts that this might be winnable if we use the WTO and stick some judges in that will vote our way. IE take a look at how we havent been allowing the WTO to fill positions, and just sued countries over their retaliation tariffs. Could we force a WTO to deal with ALL of it and get our way via choosing judges? Im seeing some activity that looks like this.
If we do we will end up gutting the WTO. But it might work.
Congress needs to have a little faith and patience here. This is the first time the US is actually fighting back on trade that I can remember. Manufacturing jobs are rising
Location: By the sea, by the sea, by the beautiful sea
68,349 posts, read 54,490,349 times
Reputation: 40791
Let's be realistic, any so called war isn't going to be won or lost in a matter of weeks and early results are just that, early results. There's also been a few reports of people losing their jobs due to the trade war but I guess the Trump spinners would rather not bring that up. Let's see what's going on a year from now, that is if Trump can refrain from throwing even more of his people under the bus.
You probably don't pay for the Wall Street Journal so you can't read this article
but what it says is that Whirlpool stock is now down 15%.
"Nearly six months later, the company’s share price is down 15%. One factor is a separate set of tariffs on steel and aluminum, imposed by the U.S. in March and later expanded, that helped drive up Whirlpool’s raw-materials costs. Net income, even with the added benefit of a lower tax bill, was down $64 million in the first quarter compared with a year earlier."
and
"Washer and dryer prices climbed 20% in the three months through June, the steepest rise in at least 12 years, according to Labor Department estimates"
and
"“We have repeatedly stated that this tariff is a tax on every washing machine buyer in the U.S.,” a Samsung spokesman said. “Since the tariff was implemented, U.S. consumers have paid more for their washing machines across all brands.”"
I'd hate to see what will happen if we lose if this is winning.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
