I demonize China all the time, mostly for laughs. Truth is, I should be grateful for that crazy country, for lowering the cost of goods I enjoy and for being hard working, industrious, people who create great cuisine. I understand why Trump is fucking with them. It’s a flaccid attempt to deliver on his many campaign promises — sticking it to China.
But does this help his case? I’m not a billionaire and I certainly could never become President — but demonizing people rarely, if ever, works during negotiations, especially with those who are very proud and stubborn.
Every time I see a weak politician asking to stop Trade talks or the use of Tariffs to counter unfair Tariffs, I wonder, what can they be thinking? Are we just going to continue and let our farmers and country get ripped off? Lost $817 Billion on Trade last year. No weakness!
— Donald J. Trump (@realDonaldTrump) July 25, 2018
China is targeting our farmers, who they know I love & respect, as a way of getting me to continue allowing them to take advantage of the U.S. They are being vicious in what will be their failed attempt. We were being nice – until now! China made $517 Billion on us last year.
— Donald J. Trump (@realDonaldTrump) July 25, 2018
And here he is discussing the EU.
The European Union is coming to Washington tomorrow to negotiate a deal on Trade. I have an idea for them. Both the U.S. and the E.U. drop all Tariffs, Barriers and Subsidies! That would finally be called Free Market and Fair Trade! Hope they do it, we are ready – but they won’t!
— Donald J. Trump (@realDonaldTrump) July 25, 2018
Trade deficits aren’t exactly bad, especially when the shit being made in China is by American companies. The global supply chain isn’t like it was during the 1600’s and Trump knows that. When I read stuff like this, I really want to believe markets can’t handle too much more of it and get worried about downside action. I do not believe people believe the trade war with China will last. How could it?
But what if it does?
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I worry the heat from the Russia collusion (and paying off mistresses scandals) will get so hot, he will do something crazy like launch a war as a distraction. He is that much of a narcissist that he could care less about the cost to everyone else.