euronews (in English) / YouTube Trump ramps up China trade war...
euronews (in English) / YouTube

Trade wars against countries with 1.4 billion consumers are not easy to win, as China demonstrated late last night when it suspended the purchase of all U.S. agricultural products in response to Trump’s moronic trade wars. In case you were not angry enough with Trump:

We all know that this is not something to cheer, even if it surely dooms Trump. Trump already leveled the agricultural sector with his petulant, but limited, trade war. This will only be exponentially worse. Economists worry that the aftershocks from a vicious trade war between the two countries could easily spin the entire globe into an economic recession, or even an uncontrolled depression.

Don’t believe me?

Near everyone could face needless pain, but it will start with people who make their living predicting the economy, as they bail out of securities.

****

From the beginning, Trump bragged that he – and he alone, despite Obama’s heroic rescue – has kept the nation’s economy “the best it’s ever been.”

He has also famously stated that trade wars are good, and “easy to win.”

The single thing that every sensible person agrees upon is that Trump cannot survive an economic downturn and he definitely cannot survive an economic downturn purely of his own making.

From CNBC:

  • A spokesperson for the Chinese Ministry of Commerce says Chinese companies have stopped purchasing U.S. agricultural products in response to President Trump’s new 10% tariffs on $300 billion of Chinese goods.
  • “This is a serious violation of the meeting between the heads of state of China and the United States,” the Minister of Commerce says in a statement Monday.
  • Reports of China pulling out of U.S. agriculture helped exacerbate fears on Wall Street pushing stocks to their worst day of the year. Now that China confirmed the reports, it could add to pressure on equities.

While Trump puckers up, we can safely assume that he did not foresee this, because he has no grasp of cause and effect, never mind negative impacts upon him. But real economists, not fake ones, have said all along that the United States’ economy needs China far more than China needs the United States.

Addiction kills. We all got hooked on Chinese goods through cheap products. The first one is always free. We spiraled into IV slamming by closing manufacturing plants here to the point where we now import 70% of some manufactured goods from China. Some in this nation are addicted to Trump, and destiny seemed to ensure they could never 12 step out of it. A moment of clarity is coming, for all of us.

With that clarity will come the evisceration of Trump’s chances, indeed not only in the election but in surviving criminal consequences afterward. Republicans will tolerate racism, facism, etc. but they will not tolerate Trump taking money directly out of their pocket through a combination of vanity and stupidity, in other words, a trade war.

****

Congratulations.

If this continues for long at all, Trump is done.

But the costs in removing him will roughly equate to what we feared all along.

We just didn’t think it would necessarily happen this way. If the economy nosedives, as it might well, I don’t believe he will make it to election day.

****

Peace, y’all. I wish this declaration did not have such ominous consequences.

Jason

 

 

 

 

 

 

 

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This is a Creative Commons article. The original version of this article appeared here.

15 COMMENTS

    • …We , the US ,helped created the China of today…. Well at least our CEOs , that chose Dollar’s over patriotism…The wall street bunch that, live by the bottom lines of their companies, they don’t care about America as much as they do their profits.
      … In their minds they are “internationalist “,
      ..to them they are citizens of the world . Most of these( brokers ) have dual citizenships, and don’t need America to survive.
      …Why do you think they are called brokers ??? They break people and countries, and have been doing it for years .
      …Don’t be fooled by a person calling you saying “they have a guaranteed way “, of making you rich. The people that know how to get rich , don’t have to call anyone , they do it themselves, and don’t tell anyone.
      …These folks will cut out of this country as
      soon as the country goes broke , and setup shop in another country , mainly London, or Israel even HongKong .
      …That’s , WHO , they are !!!..If you believe otherwise, say “GOODBY TO YOUR MONEY “. …Think about this . The stock market went down Monday , Some 750 points . Trillions , were lost on paper ( your paper ) . What they didn’t say was , how much money did the brokers make Monday . Billion’s ?? Probably, and today , the same thing . These people don’t pound a nail or paint a wall , and yet ,
      ..they make all the money. We all know this to be true . They make money when the market moves , sooo ,they move it , up and Down .

  1. …The republicans have ,purged themselves of any “decent politician”. ..They are either quit or are not running for re-election…In other words he’s killed the republicans party .
    …Well not quite , …he’s still got those (still in the party ), shaking in their cowboy boots .
    …They have ,all of a sudden , become
    tongue tied , and mute , about what Trump has been saying . They can’t even defend him .
    …He’s blown their cover of hatred,
    they’ve kept (hidden )for years.
    ….0Don’t believe what they say , observe what they do !!!! These are not Americans first , these are (republicans first) , while the rest of the country , ,”under their control” ,falls apart .

    • Omg r u serious? I don’t c any republicans “shaking in their boots” if anything I c all the dems/liberals throwing temper tantrums over ppl not agreeing with them….lol. They r so scared cuz they know Trump is doin a great job and has done alot of good things 4 this country and is goin 2 get reelected! That’s why they have scooped so low n started calling ppl racist that don’t agree with them or that support Trump. Trump is far from racist he has done so many things 4 African Americans. Look it up if u don’t believe me. He’s done more than Obama a African American did when he was president, that was a joke of a president. If Trump’s doin so bad then why r there 20+ dem/liberals/ socialist running 4 president? Lol…that’s just a circus side show. Republicans well most of them r mature n don’t scream n throw fits or go crazy when they c Democrat/Liberal/Socialist candidates signs, hats or clothing cuz it doesn’t bother them like it does dems/liberals. Dems/liberals go nuts n start calling ppl that have a “make america great again ” hats on racist! They rip, steal, try n destroy Trump signs or any signs that don’t agree with their beliefs. What happened 2 letting ppl like who they like n believe in what they believe in with out causing a seen over it? What happened 2 civil conversation over different point of view? But now if u are a Trump supporter u must b a racist, in the kkk, white supremacists WHY? Is Trump perfect no he’s human! If u want 2 support a party that agrees with killing babys, taking away ppls right, want 2 support illegals over ur own citizens, have no respect 4 this country or it’s flag, support socialism, all that bs then that’s fine just don’t bother others bout them wanting 2 support Trump! Grow tf up!

  2. Trump is complaining about China
    not keeping their word . Now that’s pretty
    rich. ..Trump, who’s broken all of Americans
    …Promises as in treaties, and agreement, including those he’s made to the country .
    …Is now getting a dose of his own medicine. He’s doing his usual crybaby act , about @everybody hates me “. Sometimes he’s correct, most people do , in fact” hate him”.
    .. He started this war ,by abrogating all the agreements past presidents have made ,
    and lied about everything he’s promised.
    ..Insulted all of our friends in the world , and given “comfort to our enemies”.
    …That by the way , is the definition of
    ..treason in out constitution.
    …He’s been a lier , cheat , racist, accused of rape , sexual predatory behavior, incest by some , the golden shower , association with a “known sexual” deviate , and maybe worst of all ,friends with Roy Cohn, Jeffery Epstein, Rude – Rudy , and adultery( cheated on all ) his wives and friends and bragged about it .
    …And “everybody knows “, (like Lenard Cohan predicted ),WE THE AMERICAN PEOPLE,
    ,along with the Russians, made him President.
    .. The shame we will have to bare for years to come . It’s almost (Biblical), this “unbearable “
    …shame we should be feeling!!

  3. This is great and should have happen decades ago. We don’t need China at all. Their products are cheap and of low quality. Buy made in the USA! MAGA 2020

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