On Trade With China, Donald Trump Folds Like A Cheap Suit.

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As many of us have long suspected, the new Phase 1 trade deal with China indicates a complete and total failure on the part of the Trump Administration. The current Administration ended up obtaining basically none of its’ original goals.  If I can use an analogy, the following sums up what has happened between the U.S. and China since Donald Trump was inaugurated in 2017:

In January 2017, when Donald Trump took office, he stood at the bottom of a big staircase. During the past three years, he basically took 4 steps up the staircase. As he took those four steps up, Americans everywhere suffered. Farmers lost their businesses, Dairy farms collapsed.  Other farmers barely stayed out of bankruptcy, and the American consumers were forced to pay hundreds of millions of dollars in tariffs.  In addition, the U.S. government has been forced to pay countless millions of dollars to try and keep farmers afloat.

Trump’s Phase 1 Trade Agreement represents Donald Trump taking 2 steps back down the staircase.  He’s lessoning the tariffs, and in exchange, China has agreed to buy more from us than they have recently been purchasing from us  All of the pain has basically been pointless. Donald Trump is retreating—he is caving—as the Chinese always knew he would.

So, in three years, Donald Trump has basically gone somewhere, placing lots of tariffs on China, and taken us halfway back cutting those tariffs in half, all while creating a whole lot of suffering, and all the while basically getting none of his goals accomplished. This was always going to happen because the Chinese do things long term, and they were always going to wait for Donald Trump to cave. This is because they knew he would cave before the 2020 election.  All of that pain and all of that suffering ended up having no purpose whatsoever. Few things sum up the Trump Presidency like this.  What a complete moron, and what an epic failure.  CNN’s Fareed Zakaria sums the whole thing up nicely in five minutes:

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5 Comments on "On Trade With China, Donald Trump Folds Like A Cheap Suit."

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Rutokin
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Rutokin

Ole grumpfy is like the arsonist firefighter, he sets the fire and then rushes in to put it out, look at me I’m the hero. I read yesterday that his pole numbers are up with farmers, why?? The only ones that made out were the big corporate farms. How many family farms have gone bankrupt or sold out to the corporate ones? Like Tillerson said “he’s a f$cking moron”

David
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David

Of the billions in Aid Trump promised the farmers, the only ones who received the bailout were the large and corporate farms. Many smaller farm owners, who were wiped out by Trump, and who received a pittance for their losses, committed suicide, leaving behind their grieving and indebted wives, children, and relatives who now have virtually nothing.
TO DATE: 16,421 LIES and counting.
He cares nothing about anything. He knows nothing about anything.

Johnnie Dorman
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Johnnie Dorman

One thing I know for sure, and that is that the GOP are absolutely NOT economic geniuses. They have given every advantage that the American economy had for its citizens away ever since Reagan. Their slow destruction of the United States over the last forty years is showing up royally, and even if we can, it will take at least a generation to crawl back.

David
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David

What we have seen in Phase I will be repeated in Phase II.

Allan
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Allan

I’d have to take issue with “China not invading it’s neighbors”..what about their hold over Nepal & the fact their building military structures all over the disputed Spratly Islands ? For what it’s worth, in order for ANY deal tRump got, likely absolved US military in protecting these countries in dispute, just he can ‘look’ good on trade.