Does Trump Really Think He Can Win A Trade War With China? (1 Viewer)

[skews13.]

U.S. inflation will likely rise this year, which will not only hurt American living standards but possibly cause the Federal Reserve to go slow on lowering interest rates, prolonging the misery.

That misery is hitting Main Street. Whereas Chinese President Xi Jinping doesn’t have to worry about midterm elections, congressional Republicans do. Mr. Trump’s approval rating is plunging alongside the stock market, and if he leads his party to defeat next year he’ll become a lame duck president. When the cameras and microphones are on, Republicans are standing by him; when they’re off, they’re getting antsy. There’s only so much of this they can take.

China, meanwhile, can absorb a fair bit of punishment. The country has extremely low inflation and a huge savings rate, amounting to nearly half of total output. If the government reorients a mere tenth of those savings to consumption, by raising wages or boosting spending, it could make up for all lost sales to America. And unlike the Fed, China’s central bank can increase liquidity in the banking system and thereby reduce interest rates without fretting that inflation will spin out of control.

Opinion: Does Donald Trump really think he can win a trade war against China? — The Globe and Mail

The Chinese economy may take a bigger hit, but Chinese leaders may have greater reserves of political and financial capital to outlast Donald Trump

apple.news

 

[SNOWFLAKE]

Yes. He believes it. So do his minions.

 

[Sweden]

U.S. inflation will likely rise this year, which will not only hurt American living standards but possibly cause the Federal Reserve to go slow on lowering interest rates, prolonging the misery.

That misery is hitting Main Street. Whereas Chinese President Xi Jinping doesn’t have to worry about midterm elections, congressional Republicans do. Mr. Trump’s approval rating is plunging alongside the stock market, and if he leads his party to defeat next year he’ll become a lame duck president. When the cameras and microphones are on, Republicans are standing by him; when they’re off, they’re getting antsy. There’s only so much of this they can take.

China, meanwhile, can absorb a fair bit of punishment. The country has extremely low inflation and a huge savings rate, amounting to nearly half of total output. If the government reorients a mere tenth of those savings to consumption, by raising wages or boosting spending, it could make up for all lost sales to America. And unlike the Fed, China’s central bank can increase liquidity in the banking system and thereby reduce interest rates without fretting that inflation will spin out of control.

Opinion: Does Donald Trump really think he can win a trade war against China? — The Globe and Mail

The Chinese economy may take a bigger hit, but Chinese leaders may have greater reserves of political and financial capital to outlast Donald Trump

apple.news

The first four words of the title suffice: Does Trump really think?"

 

[Callen]

Yes he believes it becasue he believes he is the worlds best deal maker although in his last go round and so far this time he hasn't made one single deal except the USMCA which he says is a bad deal!!! He couldn't even make a deal with his own Congress but I suppose all that is forgotten. The only way he can force a deal, which is not the same as make a deal, is by bully tactics and that is not going to work with Xi.

 

[Mycroft]

Does Trump Really Think He Can Win A Trade War With China?​

Yes.

U.S. inflation will likely rise this year, which will not only hurt American living standards but possibly cause the Federal Reserve to go slow on lowering interest rates, prolonging the misery.

That misery is hitting Main Street. Whereas Chinese President Xi Jinping doesn’t have to worry about midterm elections, congressional Republicans do. Mr. Trump’s approval rating is plunging alongside the stock market, and if he leads his party to defeat next year he’ll become a lame duck president. When the cameras and microphones are on, Republicans are standing by him; when they’re off, they’re getting antsy. There’s only so much of this they can take.

China, meanwhile, can absorb a fair bit of punishment. The country has extremely low inflation and a huge savings rate, amounting to nearly half of total output. If the government reorients a mere tenth of those savings to consumption, by raising wages or boosting spending, it could make up for all lost sales to America. And unlike the Fed, China’s central bank can increase liquidity in the banking system and thereby reduce interest rates without fretting that inflation will spin out of control.

Opinion: Does Donald Trump really think he can win a trade war against China? — The Globe and Mail

The Chinese economy may take a bigger hit, but Chinese leaders may have greater reserves of political and financial capital to outlast Donald Trump

apple.news

Well, it's too bad I can't read the opinion of Mr. Rapley...that's just the way it is.

I will say this: US inflation won't ever rise to the levels that the Biden pukes subjected Americans to under Trump.

 

[rickc]

The bond market ended Trump's trade war.

Hope we can recover our good standing with the world.

It may take a new face in the white house though. Trump should be removed from office!

 

[SNOWFLAKE]

I will say this: US inflation won't ever rise to the levels that the Biden pukes

WHATABOUT BIDEN??

Whataboutism: Behind the Deflecting Tactic in Arguments | FlaglerLive

Whataboutism is an argumentative tactic where a person or group responds to an accusation or difficult question by deflection. Instead of addressing the point made, they counter it with “but what about X?”

flaglerlive.com

 

[Mycroft]

Yes he believes it becasue he believes he is the worlds best deal maker although in his last go round and so far this time he hasn't made one single deal except the USMCA which he says is a bad deal!!! He couldn't even make a deal with his own Congress but I suppose all that is forgotten. The only way he can force a deal, which is not the same as make a deal, is by bully tactics and that is not going to work with Xi.

LOL!!

You know, I read your comment and thought to myself, "Hmmm...I can think of a few trade deals Trump made during his first term other than the USMCA." But...I decided to ask Copilot about it.

what trade deals did trump make during his first term

During Donald Trump's first term, two significant trade deals were finalized. The first was a revised agreement with South Korea, which updated the existing KORUS agreement. The second was the United States-Mexico-Canada Agreement (USMCA), which replaced NAFTA and aimed to modernize trade relations between the three countries2.
These deals were part of Trump's broader "America First" trade policy, which also included imposing tariffs on various imports, particularly from China, as part of a trade war. Let me know if you'd like more details on any of these!
1MSNBC | MSN2www.firstpost.com3www.newsweek.com

what other trade deals did he make

Beyond the USMCA and KORUS agreements, Donald Trump's trade policies were largely characterized by renegotiations and tariffs rather than new trade deals. For example, he imposed tariffs on imports from China, leading to a trade war that resulted in the "Phase One" trade agreement in 2020. This deal aimed to reduce tensions and included commitments from China to purchase more U.S. goods2.
Trump also focused on bilateral agreements, such as updates to trade relations with Japan, which included provisions for agricultural and industrial goods. His approach was often unilateral, emphasizing "America First" principles. Let me know if you'd like to dive deeper into any of these!
1www.cfr.org2www.nbcnews.com

what about his trade deal with poland and LNG

During Donald Trump's presidency, a significant focus was placed on energy exports, including liquefied natural gas (LNG). In 2017, Trump and Polish President Andrzej Duda discussed a long-term LNG deal to help Poland diversify its energy sources and reduce reliance on Russian gas. This was part of a broader strategy to strengthen U.S.-Poland relations and promote American energy exports1.
Poland received its first LNG shipment from the U.S. in 2017, but at the time, there wasn't a finalized long-term contract. The discussions highlighted the geopolitical importance of energy independence for Poland and other Eastern European nations1.
Energy diplomacy was a key aspect of Trump's trade policies. Let me know if you'd like to explore this further!

So...trump DID make other trade deals during his first term. What other trade deals did he make

You're absolutely right—Trump's first term included several trade-related agreements beyond the high-profile ones like USMCA and KORUS. For instance, there was the "Phase One" trade deal with China in 2020, which aimed to ease trade tensions by having China commit to purchasing more U.S. goods. Additionally, there were updates to trade relations with Japan, focusing on agricultural and industrial goods.
Energy diplomacy also played a role, as seen in discussions with Poland about liquefied natural gas (LNG) exports. While not all of these were formal trade agreements, they were significant in shaping U.S. trade policy during his presidency. Let me know if you'd like to dive deeper into any of these!​

So...even though Copilot started out largely agreeing with you, with further questions, Copilot had to admit that it was initially wrong.

Tell me, Callen...do I need to start questioning you like I did to Copilot?

 

[Slartibartfast]

LOL!!

You know, I read your comment and thought to myself, "Hmmm...I can think of a few trade deals Trump made during his first term other than the USMCA." But...I decided to ask Copilot about it.

what trade deals did trump make during his first term​

​

During Donald Trump's first term, two significant trade deals were finalized. The first was a revised agreement with South Korea, which updated the existing KORUS agreement. The second was the United States-Mexico-Canada Agreement (USMCA), which replaced NAFTA and aimed to modernize trade relations between the three countries2.​

These deals were part of Trump's broader "America First" trade policy, which also included imposing tariffs on various imports, particularly from China, as part of a trade war. Let me know if you'd like more details on any of these!​

1MSNBC | MSN2www.firstpost.com3www.newsweek.com​

​

what other trade deals did he make​

​

Beyond the USMCA and KORUS agreements, Donald Trump's trade policies were largely characterized by renegotiations and tariffs rather than new trade deals. For example, he imposed tariffs on imports from China, leading to a trade war that resulted in the "Phase One" trade agreement in 2020. This deal aimed to reduce tensions and included commitments from China to purchase more U.S. goods2.​

Trump also focused on bilateral agreements, such as updates to trade relations with Japan, which included provisions for agricultural and industrial goods. His approach was often unilateral, emphasizing "America First" principles. Let me know if you'd like to dive deeper into any of these!​

1www.cfr.org2www.nbcnews.com​

​

what about his trade deal with poland and LNG​

​

During Donald Trump's presidency, a significant focus was placed on energy exports, including liquefied natural gas (LNG). In 2017, Trump and Polish President Andrzej Duda discussed a long-term LNG deal to help Poland diversify its energy sources and reduce reliance on Russian gas. This was part of a broader strategy to strengthen U.S.-Poland relations and promote American energy exports1.​

Poland received its first LNG shipment from the U.S. in 2017, but at the time, there wasn't a finalized long-term contract. The discussions highlighted the geopolitical importance of energy independence for Poland and other Eastern European nations1.​

Energy diplomacy was a key aspect of Trump's trade policies. Let me know if you'd like to explore this further!​

​

So...trump DID make other trade deals during his first term. What other trade deals did he make​

​

You're absolutely right—Trump's first term included several trade-related agreements beyond the high-profile ones like USMCA and KORUS. For instance, there was the "Phase One" trade deal with China in 2020, which aimed to ease trade tensions by having China commit to purchasing more U.S. goods. Additionally, there were updates to trade relations with Japan, focusing on agricultural and industrial goods.​

Energy diplomacy also played a role, as seen in discussions with Poland about liquefied natural gas (LNG) exports. While not all of these were formal trade agreements, they were significant in shaping U.S. trade policy during his presidency. Let me know if you'd like to dive deeper into any of these!​

So...even though Copilot started out largely agreeing with you, with further questions, Copilot had to admit that it was initially wrong.

Tell me, Callen...do I need to start questioning you like I did to Copilot?

All you did was feed it a narrative with your prompts.

 

[Airyaman]

U.S. inflation will likely rise this year, which will not only hurt American living standards but possibly cause the Federal Reserve to go slow on lowering interest rates, prolonging the misery.

That misery is hitting Main Street. Whereas Chinese President Xi Jinping doesn’t have to worry about midterm elections, congressional Republicans do. Mr. Trump’s approval rating is plunging alongside the stock market, and if he leads his party to defeat next year he’ll become a lame duck president. When the cameras and microphones are on, Republicans are standing by him; when they’re off, they’re getting antsy. There’s only so much of this they can take.

China, meanwhile, can absorb a fair bit of punishment. The country has extremely low inflation and a huge savings rate, amounting to nearly half of total output. If the government reorients a mere tenth of those savings to consumption, by raising wages or boosting spending, it could make up for all lost sales to America. And unlike the Fed, China’s central bank can increase liquidity in the banking system and thereby reduce interest rates without fretting that inflation will spin out of control.

Opinion: Does Donald Trump really think he can win a trade war against China? — The Globe and Mail

The Chinese economy may take a bigger hit, but Chinese leaders may have greater reserves of political and financial capital to outlast Donald Trump

apple.news

He still says he believes other countries pay the tariffs. Is he just saying that to fool the rubes (MAGA) or does he actually believe it? Hard to tell, he is a moron.

 

[spud_meister]

The global economy is beginning to reorient away from the US due to Trump, and China has the most to gain from that.

 

[lynnwinslow]

He still says he believes other countries pay the tariffs. Is he just saying that to fool the rubes (MAGA) or does he actually believe it? Hard to tell, he is a moron.

I suspect he doesn't really believe but just repeats it to feed the base. Tariffs are the new MAGA bumper sticker phrase meant to rile up the base. The nasty foreigners are ripping us off!

 

[Callen]

I think he just says that for the base but why you would want to sound so uninformed to the rest of the world, especially the business world is confounding.

 

[Jetboogieman]

Trumpists don’t understand what they’re doing, they don’t understand what Trumps doing, Trump seemingly doesn’t understand what he’s doing.

And Americans will suffer for this idiocy.

 

[ElChupacabra]

The bond market ended Trump's trade war.

Hope we can recover our good standing with the world.

It may take a new face in the white house though. Trump should be removed from office!

I don't know about the bond market having ended his trade war, but it made him blink and exposed the US vulnerability here that should be more sobering. Now if he would have been really interested in making a trade war against China successful, he would have used US allies to help do that, because the leverage of other industrialized nations would have certainly put the pressure on China since it would mean decreased access to other markets, and made the counter measures harder for China. That would have been the smart thing to do.

What Donnie Boy's managed to do is make the US the focal point of this trade war because he chose the Idiot's Hubristic Guide to Failure where some muppet thinks he has more leverage than he does, and based on that false assumption, decides to take everyone on at once. This tactic makes it hard to centralize strategy and defend against countermeasures because they're coming from multiple areas. Aside from reciprocal tariffs, the biggest damage has been to US stability in the markets which segues directly into your point about the bond market. The rout there demonstrated the erosion of faith in the US, and that kind of trust will be hard to build back.

In this particular case we have a scenario where a populist leader took the US down this road, which is now a possibility in the future as well. I suspect there will be some normalization in trade policy once Donnie Boy gets his ego satiated, but I can't imagine any of our trading partners will ever view the US in the same light from a risk perspective, so there will likely be diversification with whom our partners trade.

 

[bongsaway]

U.S. inflation will likely rise this year, which will not only hurt American living standards but possibly cause the Federal Reserve to go slow on lowering interest rates, prolonging the misery.

That misery is hitting Main Street. Whereas Chinese President Xi Jinping doesn’t have to worry about midterm elections, congressional Republicans do. Mr. Trump’s approval rating is plunging alongside the stock market, and if he leads his party to defeat next year he’ll become a lame duck president. When the cameras and microphones are on, Republicans are standing by him; when they’re off, they’re getting antsy. There’s only so much of this they can take.

China, meanwhile, can absorb a fair bit of punishment. The country has extremely low inflation and a huge savings rate, amounting to nearly half of total output. If the government reorients a mere tenth of those savings to consumption, by raising wages or boosting spending, it could make up for all lost sales to America. And unlike the Fed, China’s central bank can increase liquidity in the banking system and thereby reduce interest rates without fretting that inflation will spin out of control.

Opinion: Does Donald Trump really think he can win a trade war against China? — The Globe and Mail

The Chinese economy may take a bigger hit, but Chinese leaders may have greater reserves of political and financial capital to outlast Donald Trump

apple.news

Before or after lunch? Or two in the morning? It depends.

 

[bongsaway]

The first four words of the title suffice: Does Trump really think?"

How many people has he conned into giving him money? He sure as hell thinks, like the great con man he is. That much I will not deny.

 

[ataraxia]

The bond market ended Trump's trade war.

Hope we can recover our good standing with the world.

It may take a new face in the white house though. Trump should be removed from office!

The damage to American reputation and what it stands for, earned after FDR and WWII, has been generational, if not permanent.

 

[bongsaway]

Does Trump Really Think He Can Win A Trade War With China?​

Yes.


Well, it's too bad I can't read the opinion of Mr. Rapley...that's just the way it is.

I will say this: US inflation won't ever rise to the levels that the Biden pukes subjected Americans to under Trump.

You lost me. How did the Biden pukes subject America to anything under the trump administration? Wasn't trump in charge of his first administration?

 

[Callen]

Now if he would have been really interested in making a trade war against China successful, he would have used US allies to help do that, because the leverage of other industrialized nations would have certainly put the pressure on China since it would mean decreased access to other markets, and made the counter measures harder for China. That would have been the smart thing to do.

In not doing so he has actually given the countries he wanted to "negotiate" a deal with a bargaining chip they didn't have before....a potential strengthened trade alliance with China. The EU is already moving in that direction.

 

[AZRWinger]

Yes he believes it becasue he believes he is the worlds best deal maker although in his last go round and so far this time he hasn't made one single deal except the USMCA which he says is a bad deal!!! He couldn't even make a deal with his own Congress but I suppose all that is forgotten. The only way he can force a deal, which is not the same as make a deal, is by bully tactics and that is not going to work with Xi.

That's funny, it wasn't it the Chinese who were pressured into a phase 1 trade agreement by Trump’s imposition of tarriffs?

Read the full U.S.-China 'Phase 1' trade agreement

The deal offers massive export opportunities for U.S. farms and factories and promises to do more to protect American trade secrets but leaves Washington's fundamental differences with Beijing unresolved.

www.pbs.org

But don't believe your lying eyes. Just keep parroting the talking points.

 

[Callen]

That's funny, it wasn't it the Chinese who were pressured into a phase 1 trade agreement by Trump’s imposition of tarriffs?

Read the full U.S.-China 'Phase 1' trade agreement

The deal offers massive export opportunities for U.S. farms and factories and promises to do more to protect American trade secrets but leaves Washington's fundamental differences with Beijing unresolved.

www.pbs.org

But don't believe your lying eyes. Just keep parroting the talking points.

Phase 1 was basically a return to status quo before his tariffs. None of the major issues were resooved. Phase 2 never happened

"Still, the Phase 1 agreement leaves unresolved Washington’s fundamental differences with Beijing, which is relying on massive government intervention in the economy to turn China into a technological power."

 

[ElChupacabra]

In not doing so he has actually given the countries he wanted to "negotiate" a deal with a bargaining chip they didn't have before....a potential strengthened trade alliance with China. The EU is already moving in that direction.

China is a whole other problematic consideration for trade, and mainly because of their subsidized industries and restrictive market, however what they tend to be is stable which is a key factor. Through this trade war, the US upended being a reasonable actor because this action has been anything but. Had the US attempted trade negotiations first and resorted to tariffs when talks failed, at least there's a rationale there most can comprehend. That's not what happened though, and instead it's been tariffs imposed to attempt to solve different problems, some having nothing to do with trade. Now it's hard to know if Donnie Boy gets slighted by a world leader whether that might lead to a tariff against that nation.

 

[AZRWinger]

Phase 1 was basically a return to status quo before his tariffs. None of the major issues were resooved. Phase 2 never happened

"Still, the Phase 1 agreement leaves unresolved Washington’s fundamental differences with Beijing, which is relying on massive government intervention in the economy to turn China into a technological power."

The first paragraph of the linked article.

"eases tensions between the world’s two biggest economies, offers massive export opportunities for U.S. farms and factories, and promises to do more to protect American trade secrets."

Something wrong with easing tensions and providing massive export opportunities for US producers?

Good point that Phase II never happened. Kim Jung Biden not only dropped the ball on advancing US interests he actively undermined the Phase I agreement by refusing to dispute any of China's continued violations as allowed in the agreement.

But wait, Kim Jung Biden signed an order lifting trade restrictions for Chinese exports of green energy equipment allowing them to become the OPEC of green energy by dumping on the US market.

 

[SNOWFLAKE]

Does Trump Really Think He Can Win A Trade War With China?​

How about some juicy whataboutisms? Anyone? Ok, here goes..............

Kim Jung Biden

But wait, Kim Jung Biden

Whataboutism is an argumentative tactic where a person or group responds to an accusation or difficult question by deflection. Instead of addressing the point made, they counter it with “but what about X?”.

Whataboutism: Behind the Deflecting Tactic in Arguments | FlaglerLive

Whataboutism is an argumentative tactic where a person or group responds to an accusation or difficult question by deflection. Instead of addressing the point made, they counter it with “but what about X?”

flaglerlive.com

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