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Relevant: trump is raising tariffs on $200B Chinese goods to 25% this Friday, and coming soon, 25% on additional $325B Chinese goods as well. This is the dise
by wtootw 7y ago
Relevant: trump is raising tariffs on $200B Chinese goods to 25% this Friday, and coming soon, 25% on additional $325B Chinese goods as well.
This is the disengagement of US economy with the Chinese economy as we speak. No more IP theft, no more US factories for China, no more knowledge transfer, no more opioids from China.
Perfect timing, what with US growing healthy at 3% and wage growth, and China suffering from debt overload and demographics decline
- teknopurge 7y agowhat freaks me out is it's almost as if someone planned this.
- mieseratte 7y ago> what freaks me out is that it's almost as if someone planned this. Why would prior planning freak you out? This is a bit confusing to me.
- teknopurge 7y agoI tend to not give political leadership much credit in that area...(successful planning and execution)
- mieseratte 7y agoAh, that's interesting. I tend to view political leadership as intelligent, calculating, and manipulative but in service of "greed," that is for their own gain or that of their major donors, as opposed to their voter-constituency. As such, planning doesn't surprise me but genuinely beneficial legislation does.
- all2 7y agoThe fact that the national (and international) media's narrative about Trump and company might be wrong?
- jbigelow76 7y agoI'd think that would be giving him too much credit. I think it's more of "a broken clock is still right twice a day". Trump can declare tarriffs and fit the whole decleration in a tweet, it's instant gratification for his feedback loop and keeps all things Russia related further down the news feed.
- booboolayla 7y agoI think it will only be in a couple of decades that a lot of us will realize why it was someone with character and persona of Trump that was put in place to be the face of a huge change of course of the behemoth ship called the USA. Let's all keep thinking we're smarter than him, while the invisible hands change the world.
- Fjolsvith 7y agoToo bad that Mueller thing didn't have much Russia related.
- inflatableDodo 7y agoMy narrative about Trump is from listening to him speak and reading what he writes. From this I get the impression of someone whose ignorance is far deeper than their stupidity, whilst being pretty damn stupid. The one thing he does seem to know is some NLP techniques, of the kind employed at shady car dealerships, though he seems to be doing that more by rote rather than displaying any deep understanding. edit - however I do like his assertion in a tweet recently that his first two years of governance have been a kind of German cake.
- SketchySeaBeast 7y agoWe're living in a world where neither the entire political machine of the oval office nor the very spell check on the device he is currently using to type can keep the commander in chief from admitting even to himself that he made a simple spelling mistake. Wow.
- all2 7y ago
- terryschiavo22 7y agoTo what end? Xi Jinping can just wait until the next president to negotiate away the tariffs. The public certainly hates them. Right or left, I don't see how anyone can see these surviving through another administration.
- toxik 7y agoNit: His name is Xi Jinping, where Xi is his family name and is pronounced sorta like ”she.”
- terryschiavo22 7y agoThanks, fixed. Learned a new thing today.
- rubbingalcohol 7y agoSo Trump did a good job, but let's hope someone undoes his trade policy because "fuck Trump"? Not sure what your point is.
- Spartan-S63 7y agoDepends on who the next president is. If Trump is reelected or the Democrats nominate a more populist candidates (i.e. Bernie Sanders), it might not matter who's in the Oval Office. After 8-12 years of tariffs, it might be too difficult to come back from for China and the US.
- CharlesColeman 7y ago> The public certainly hates them. Right of left, I don't see how anyone can see these surviving through another administration. Citation needed. Free traders certainly hate the tariffs, but only a tiny fraction of the public are committed free traders. Also Democrats are dispositionally far more favorable to tariffs and protectionism than Republicans, so unless Trump doesn't run or the Libertarians win the presidency (ha!), I don't see the next administration being much of a swerve in the direction of free trade.
- 7y ago
- inflatableDodo 7y ago>This is the disengagement of US economy with the Chinese economy as we speak. No more IP theft, no more US factories for China, no more knowledge transfer, no more opioids from China. Great, it is going to screw both parties and then they will blame each other and we will be very lucky if we avoid war. Yippidee-fucking-doo-daa.
- tim333 7y agoThat sounds a bit optimistic on the no IP theft or opioids front.
- fredgrott 7y agonot to mention that China found another shaddy way.. Look at the huge increase in China students attending US colleges from 2016 to 2018 almost 500%
- Leary 7y agomore like a negotiation ploy.
- theklub 7y agoGuess I better put in a few Ali Express orders now.
- shadowmint 7y agoThats a lovely bed time story, to go with this lovely opinion piece. However. Perhaps fly your proud American flag a little lower, and little bit more respectfully; none of the things you’re suggesting are or will happen. This (including the article) is a lot of political posturing which may have some tangible effect, but it will be slow, minimal and ultimately blunted by pragmatism from level heads on both sides. The chinese may lose face and make some concessions, but youre fooling yourself if you think the factories in china will magically close, or jobs will magically appear in manufacturing in the US as a result. This kind of populist rehtoric you’re posting is harmful to thoughtful dialogue. I like to think the crowd here is better than that, but its the sort of contentious stuff that riles people up, and you can see that from the epic downvote fest already appearing. Come on mods, this is pure politics, why is it on the front page?
- wyldfire 7y ago> Perfect timing, what with US growing healthy at 3% and wage growth, and China suffering from debt overload and demographics decline A stopped clock is right twice a day. Trump is a clown who has very near zero policy success (by his own agenda, not my opinion of his success). But his self-immolation strategy here might actually pay off. He's desperate for positive headlines (both to stroke his ego and distract from investigations into lawlessness), so hopefully he won't bluff his way into a stalemate. The biggest factor working against Trump is the fact that he's just not credible. No one in their right mind can rely on him to honor any agreement he's ever made, so if I were China I'd be pretty concerned about the stability of any deal. BTW this factor also sank his domestic agenda: he can't get his own party on board with legislation because they don't trust him. His only options are to press buttons that Congress granted the President long before they ever suspected someone like him might take office.
- jayd16 7y agoThis is pretty silly. Us companies will still want to hit the Chinese market. Tariffs won't stop that.