DOW up 3.3% year to date. When does the "winning" start?

[fskimospy]

We buy over half a trillion dollars in goods from China. More of that than not is now hit with a tariff. It may become cheaper and easier for us to buy elsewhere. This is simply an inflated version of the customer is always right.

You’re just repeating yourself because you either don’t understand my point or feel threatened by the answer.

China will feel this trade war less than you think because you’re looking at ‘revenues’ and see a big number. They are looking at ‘profit’. You look at iPhones and see $16 billion in trade they are losing because of the way the US does accounting. They see 1% of that as a loss. All of a sudden the reason why they have no plans to give in makes a lot more sense, huh. I’m sure Trump’s advisers told him this, he’s just too dumb to listen.

I see one of two outcomes here, either China gives some token concessions that Trump will declare to be an incredible victory or we will end up in a protracted trade war until trump is out of office. The chances of China capitulating and offering major concessions are small.

 

[K1052]

We buy over half a trillion dollars in goods from China. More of that than not is now hit with a tariff. It may become cheaper and easier for us to buy elsewhere. This is simply an inflated version of the customer is always right.

Taxing your own citizens to (possibly) just move trade deficit (Trump's primary obsession) from one country to another is some real stable genius thinking.

 

[SlowSpyder]

Taxing your own citizens to (possibly) just move trade deficit (Trump's primary obsession) from one country to another is some real stable genius thinking.

When you are in a war there are sacrifices. Liberals today are fine with China stealing out intellectual property because they'd rather side with that than Trump who is fighting this. We will have some pain, but the idea is to come out in a much stronger position down the road. Our economy is very healthy right now, China is suffering. This is a great time to turn the screws. We can sacrifice some growth for the sake of righting the ship in the big picture.

 

[Maxima1]

Trade wars are especially stupid when you alienate everybody in the world.

 

[SlowSpyder]

You’re just repeating yourself because you either don’t understand my point or feel threatened by the answer.

China will feel this trade war less than you think because you’re looking at ‘revenues’ and see a big number. They are looking at ‘profit’. You look at iPhones and see $16 billion in trade they are losing because of the way the US does accounting. They see 1% of that as a loss. All of a sudden the reason why they have no plans to give in makes a lot more sense, huh. I’m sure Trump’s advisers told him this, he’s just too dumb to listen.

I see one of two outcomes here, either China gives some token concessions that Trump will declare to be an incredible victory or we will end up in a protracted trade war until trump is out of office. The chances of China capitulating and offering major concessions are small.

I know you are an expert on everything, but I think you're wrong. Let's see how this turns out and not go by your guy on the internet that works in HR crystal ball of economic policy. So far we've only gotten better deals from this with some countries, and China has more incentive than any of those other countries to negotiate a trade deal.

 

[fskimospy]

When you are in a war there are sacrifices. Liberals today are fine with China stealing out intellectual property because they'd rather side with that than Trump who is fighting this. We will have some pain, but the idea is to come out in a much stronger position down the road.

Obama had a pretty good plan to take care of the China IP theft problem in the TPP. President Dummy tore it up and decided taxing Americans was better.

 

[SlowSpyder]

Trade wars are especially stupid when you alienate everybody in the world.

It isn't a war we started.

 

[SlowSpyder]

Obama had a pretty good plan to take care of the China IP theft problem in the TPP. President Dummy tore it up and decided taxing Americans was better.

Strange, because they were still doing it.

 

[fskimospy]

I know you are an expert on everything, but I think you're wrong. Let's see how this turns out and not go by your guy on the internet that works in HR crystal ball of economic policy. So far we've only gotten better deals from this with some countries, and China has more incentive than any of those other countries to negotiate a trade deal.

We have gotten token concessions at the cost of alienating some of our closest allies and establishing ourselves as an unreliable trade partner.

As for my crystal ball at least I know what the actual US-China trade picture looks like in terms of their incentives to deal, unlike you.

 

[fskimospy]

Strange, because they were still doing it.

I wonder if that has to do with the fact that the TPP never went into effect because Trump withdrew from it, haha.

Durrrrrrrrrr.

 

[K1052]

When you are in a war there are sacrifices. Liberals today are fine with China stealing out intellectual property because they'd rather side with that than Trump who is fighting this. We will have some pain, but the idea is to come out in a much stronger position down the road.

It's entirely possible to think IP theft is a legitimate problem and that Trump is a moron for what he's doing at the same time.

You're creating a false chose.

 

[K1052]

Strange, because they were still doing it.

jesus christ

 

[dainthomas]

I wonder if that has to do with the fact that the TPP never went into effect because Trump withdrew from it, haha.

Durrrrrrrrrr.

Spidey is getting the pages in his stack of Breitbart talking points mixed up.

 

[Maxima1]

D'oh! XD

 

[fskimospy]

Spidey is getting the pages in his stack of Breitbart talking points mixed up.

It's frankly bizarre how he could claim to care about trade as much as he does and yet not know things like 'did the Trans Pacific Partnership ever exist'.

Make no mistake though, we should take his endorsement of Trump's actions very seriously. Honestly though, do you think Trump really knows any more about trade than Spidey here?

 

[Lanyap]

I am expecting a correction due to 10 years of economic expansion that has lead to the fed raising rates. And of course our twitter in chief who is a real estate guy thinking he understands how international trade works. And that a trade war is something that can be won. He will make this more painful than it should. But I have a large pile of cash to plow in when this crashes and a democrat president comes in 2021 to fix the mess. My only concern is the democrats go Bernie style. Which means more economic protectionism. Which means not fixing this mess but doubling down on the idiocy.

I've been taking some of the profits over the past few years and putting into cash waiting for 2008 lite to reinvest.

 

[Vic]

Trump is winning. Watch, a better deal will come out of this for us.

You think China is just laughing?

13 hours ago - https://www.bloomberg.com/news/arti...ncy-depreciates-to-weakest-since-january-2017

China is hurting bad and has a LOT of incentive to hammer out a trade agreement with the US. We buy a lot more from them than they buy from us. We can live with less trade with China, China really can't live with that however.

How does China hurting help the US?

 

[alien42]

I've been taking some of the profits over the past few years and putting into cash waiting for 2008 lite to reinvest.

you sure it's going to be 2008 "lite"?

https://www.marketwatch.com/story/a...ble-brewing-in-us-household-wealth-2018-10-18

 

[K1052]

https://www.cnbc.com/2018/10/18/kud...ely-to-any-of-our-asks-in-us-trade-talks.html

Kudlow: China ‘has not responded positively to any of our asks’ in US trade talks

I lol'ed.

 

[SlowSpyder]

How does China hurting help the US?

It isn't about hurting China, it is about negotiating a fair deal for America, not being taken advantage of. Ideally everyone will be happy and growing.

 

[Paul98]

These corrections were a long time coming. I am happy to see it

 

[fskimospy]

https://www.cnbc.com/2018/10/18/kud...ely-to-any-of-our-asks-in-us-trade-talks.html

I lol'ed.

Who could possibly have predicted. It reminds me of when Trump's trade guru Peter Navarro said no country would issue retaliatory tariffs.

 

[Vic]

It isn't about hurting China, it is about negotiating a fair deal for America, not being taken advantage of. Ideally everyone will be happy and growing.

The crazy low prices we were paying for consumer goods weren't a fair deal and meant we were being taken advantage of? The last several years of steady economic growth, caused in large part by free trade, wasn't everyone happy and growing?

 

[K1052]

Who could possibly have predicted. It reminds me of when Trump's trade guru Peter Navarro said no country would issue retaliatory tariffs.

My 2nd favorite somewhat recent Navarro-ism was when he said he didn't understand why our trade partners would not automatically grant the US unilateral trade concessions.

 

[SlowSpyder]

The crazy low prices we were paying for consumer goods weren't a fair deal and meant we were being taken advantage of? The last several years of steady economic growth, caused in large part by free trade, wasn't everyone happy and growing?

Look at it this way. We either get a better deal with China and America profits, or we get our goods elsewhere, maybe even domestically as Trump brings back manufacturing to America.