Good-Bye Trump, We Knew it Would End Like This: China Lowers the Hammer

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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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15 Comments on "Good-Bye Trump, We Knew it Would End Like This: China Lowers the Hammer"

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Markm Mitchell
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Markm Mitchell

I fully support you, Jason, and agree with you assessment.

David Bishop
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David Bishop

US needs to fail in order to purge republicans at election time.

Dee
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A

Klang
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Klang

We do not have to buy Chinese crap

Dee
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Look at your clothes your shoes your TV your toilet damn near everything in your home is made in china

Klang
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Klang

Still don’t have to buy it. You can find stuff made in U.S.A

Robert Burnett
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Robert Burnett

Don’t waste your time trying time trying to explain. Like they don’t make junk in America.

Dick Panico
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Dick Panico
…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… Read more »
Dick Panico
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Dick Panico
…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… Read more »
Dee
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They will come back as the federalist or just conservative party but itll be the same usual sos in a new shiny container

Dick Panico
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Dick Panico

True , but that has a new start time .
Its probably the best we can hope for at this time . Thanks

Carrie
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Carrie
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… Read more »
Dee
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I guess it had to get to the point we lose 9r nearly lose our allies entirely through any means possible

Dick Panico
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Dick Panico
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… Read more »
Jake Hammond
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Jake Hammond

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