"So Much For China Working With Us": Trump Slams China On N.Korea Trade

Tyler Durden's picture

As the G-20 meeting in Hamburg between Trump and Xi draws nearer, the US president appears eager to continue antagonizing his Chinese peer.

On his way to Warsaw this morning, where he will stay briefly ahead of the G20 summit in Hamburg which begins on Friday, Trump tweeted his displeasure at US trade deals which had been signed before his tenure: “The United States made some of the worst Trade Deals in world history. Why should we continue these deals with countries that do not help us?”

Initially it was not exactly clear from that tweet alone which trade deals he has in mind, although Nafta has been at the forefront of many minds inside and outside the White House, while the precarious trade relationship between the US and China is well-known.

Conveniently, in a subsequent tweet Trump did hint at the source of his displeasure in a following tweet, in which the President made it clear who he was referring to: "Trade between China and North Korea grew almost 40% in the first quarter. So much for China working with us - but we had to give it a try!"

A chart showing N. Korea's reliance on Chinese trade is shown below.

North Korea claimed earlier this week it launched its first intercontinental ballistic missile (ICBM). As reported on Sunday, Pyongyang claimed the long-range weapon could "reach anywhere in the world."

Trump after the test said he hoped China would "put a heavy move" on North Korea and "end this nonsense once and for all!"

Trump has repeatedly called on China to help curtail the North Korean regime's missile tests and has threatened unilateral action as the launches have gone unabated. The president last month tweeted that China has tried to help the U.S. solve increased tensions with North Korea, but "it has not worked out."

As Citi points out, "this does not bode well for the G20 Summit which begins this Friday and the bilateral meeting between China and the US on the sidelines. North Korea is back in focus after the country tested an ICBM missile on Tuesday which US Secretary of State Tillerson said represented "a new escalation of the threat."

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junction's picture

Big deal, Donald.

07564111's picture

yep it is ;) the orange idiot thinks he's going to get something without giving anything ;)

These guys think other wise ..

https://www.rt.com/news/395244-north-korea-nuclear-us-drills-stop/

Endgame Napoleon's picture

From the standpoint of the vast majority of the American people, it has been all give and no get for decades. They are just mad because someone dared to point it out.

07564111's picture

yankee go home...and stay there ;)

FrozenGoodz's picture

If only the prez stayed home ... golf some more so nothing less can get done ... tweeting foreign policy? Who benefits?

Shemp 4 Victory's picture

OT: Ukrainian software company is suspected source of last week's global malware outbreak.

https://www.rt.com/news/395305-ukrainian-firm-servers-seized-cyber-attack/

Slack Jack's picture

"the stupid, thoughtless trade deals of past administrations that sold out the US"

Oh, you mean the ones where the US paid only 10% (of what it what have cost to produce in the US) for stuff made in China.

Yeap,... definitely, pretty stupid to pay so little for all that stuff.

Trump's stupidity over the climate;

So, why is the global rise in temperatures so worrisome?

For one thing, as temperatures rise good farmland will become desert (e.g., dust-bowl conditions will probably return to the American Midwest).

Another major problem is sea-level rise.

Have a look at http://pubs.usgs.gov/fs/fs2-00/

The U.S. Geological Survey people claim that;

The Greenland ice sheet melting will raise sea-level 6.55 meters (21.5 feet),
the West Antarctica ice sheet melting will raise sea-level 8.06 meters (26.4 feet),
the East Antarctica ice sheet melting will raise sea-level 64.8 meters (212.6 feet),
and all other ice melting will raise sea-level 0.91 meters (3 feet).

For a grand total of about 80.3 meters (263.5 feet).

So, what does an 80 meter (263 feet) rise in sea-level mean. Have a look at the following map of the world after an 80 meter rise. It means that over one billion people will have to be resettled to higher ground and that much of the most productive agricultural land will be under water. Fortunately, at current rates, the Greenland ice sheet will take over a thousand years to melt and the Antarctica ice sheet, much longer. However, the greater the temperature rise the faster the ice sheets will melt, bringing the problem much closer. Remember, the huge ice sheet that recently covered much of North America, almost completely melted in only 15,000 years (today, only the Greenland ice sheet, and some other small patches of it, remain). Since then (15,000 years ago), sea-levels have risen about 125 meters (410 feet), only 80 meters to go.

The ice sheets have been continuously melting for thousands of years. What is left of them today, is still melting, and will continue to melt. Human caused global warning will cause this remnant to melt significantly faster. This is a big, big, problem.

For HUGE detailed maps of the "World after the Melt" go to:

http://preearth.net/phpBB3/viewtopic.php?f=16&t=23

Déjà view's picture

Mr. T...make Chicom PAY TO PLAY!

Slack Jack's picture

Fred C Dobbs @ Jul 5, 2017 8:45 AM "It won't work here."

Where is here? The land of the Orange Jew?

DPLETTENBERG's picture

.Don't worry. Once the mega volcano under Yellowstone erupts there will be ash in the atmosphere for decades and all the ice will refreeze.

See, nothing to worry about!

earleflorida's picture

10%

so is that what it cost to produce an appliance in china?

or a major household expense??

but[t], in your reality it would cost if manufactured in america 90% MOAR!

let's do some basic math shall we?

american appliances and major household purchase 'made-in-america' would price us out of the market!

wrong!!!

and, at most... the american worker would be gainfully employed with finnished [usa made] products at most at a 10% premium over foreign (chinese) products (big item tickets) contributing to 'OUR'`GDP'?!?

your logic is the inverse to reality! 

dirty fingernails's picture

Had the manufacturing not been offshored decades ago we could afford to pay 90% more. had minimum wage not been held artificially low for decades we would actually have an grasp on the true price of things. Had illegal immigration been stopped we'd know the true price of priducts. Inflation and loss of purrchasing power have been mostly hidden and now if it is corrected it'll cause outright chaos.

Raging Debate's picture

Fingernails - Short term pain for long term gain. Besides, the Chinks will get plenty from Silk Road and Americans will get increased wages. The Fed is always blathering on how much they want inflation so a wage spiral is in order ;-^) 

Bay of Pigs's picture

Why even try to explain anything to these trolls and idiots populating these threads these days?

This place has gone to shit. Their brains are mush when it comes to economics and finance.

Miffed Microbiologist's picture

When a true genius appears in the world, you may know him by this sign, that the dunces are all in confederacy against him.

- Jonathan Swift

Miffed

Xena fobe's picture

Trolls is right.  They show up in every article concerning China to influnce the opinion algos.

Xena fobe's picture

Read up on trade, there is much more to it than labor cost. 

ipsprez's picture

You are seriously too stupid to even waste my time trying to explain all the holes in your so called arguments. My bet is you are college educated or indoctrinated. 

Yog Soggoth's picture

By Ukrainian software company I am assuming someone with a political motive to cause instability or excuse for outside intervention. Owners of company or employee, the investigation is on now that charges are ensuing. I'm sure the media will stick with the Russia narrative.

Oh regional Indian's picture

He sounds like a mafia don with a fat ass and little hands.... put a heavy move on them Xi.... and trumptards go Rah rah.... put a heavy on them..... truly, some wise man said a population gets the leadership it deserves.... joe six-pack sure gawt them thar man right here..... he's a heavy move all by hisself...

WTFUD's picture

He ain't heavy, he's my brother.

ramon_espino's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.jobproplan.com

dogismycopilot's picture

I think you are a Ukie troll who wishes he were Russian. 

07564111's picture

More pindostan fail ;) .. is that you tmosley ? :D :D

Nothing I like more than reading trumptards whinning.

dogismycopilot's picture

34 week computer generated member. skoka stolet tbi devuska y xhenjuna?

07564111's picture

waaayyyy more than 32 dogshit ;) You'll need to far better if you're looking to discredit me.

NumNutt's picture

"Nothing I like more than reading trumptards winning."  There fixed it for you.

07564111's picture

your limp orange noodle isn't winning anything, unless you think twatting on the internets puts him in the lead in the eSports world ;)

poeg's picture

Considering that half of everyone in the Ukraine speaks and writes in Russian and yes there is a difference, try a rewrite.

DPLETTENBERG's picture

The great thing about a war with North Korea (from the perspective of the Military Industrial Complex)  is that it is not a desert so the military will will need a lot of new stuff. But then I guess bombs work pretty well anywhere.

tmosley's picture

Kike get back in your oven.

Kayman's picture

"yankee go home."  Yeah.  Things were so much better when Japan ruled.

It is time to let the Japanese counterbalance the Chinese/North Korea militarization.  

Let them start by dredging some islands. They've already got all the nuclear technology and delivery they need.

flapdoodle's picture

The Japanese are tired and spent. The advantages their way of doing things has (consensus, a refined sense of the aesthic and their perfectionism) are completely overwhelmed by their disadvantages, like racism and lack of really getting behind anything creative - try doing business with them some time. They are sclerotic, and the Japanese people are more interested in playing videogames or watching anime than actually reproducing and raising a family.

The Koreans are much more awake and realistic, at least the South Koreans. The Norks? The jury is still out but the Donald better beware of falling into China's trap baited with the Fat Un.

Xena fobe's picture

It's a deal.  But you have to go home too.

Crusader75's picture

Yes, but the vast majority of the American people are completely ignorant of the world and its history.

serotonindumptruck's picture

Ask them to point out North Korea on the map, and many of them will point to India or Vietnam instead.

Clearcutt's picture

Many couldn't find their own hometown on a map.

Xena fobe's picture

Is there some compelling reason why the average American would need to point out NK on a map?   I would bet good $ the average Chinese could not point out China on a map

null's picture

Perhaps after millennia of book-burning by the non-Americans, they just figure what's left is shallow historical propaganda written by those who were not even "winners" but more like whiners.

Xena fobe's picture

You can't judge Americans by Mark Dice pranks on You Tube.

Mikeyyy's picture

and they all post here...

crazzziecanuck's picture

Take the poorest person in America and they're living like kings when compared to half the world's population.  And for all these decades of Western "taking" from the Third World, what have we really to show for it?  A miserable, a society slavishly dedicated to making the rich even richer?  Making the environment worse by flooding the biosphere with all sorts of crazy chemical shit and needless waste?  Destroying the soil by tilling so we can make soybeans and cow shit, all so that McDonald's can sell forty-nine cent cheeseburgers?

Thing is, though, aside from Trump pretty much never being able to get facts straight, is that American corporations have been doing gangbusters with all these trade deals.  After all, they pretty much write them for Congress and the White House.  There's a reason why China is doing so well.  American corporations have been obsessed with the benefits for China regardless of the long term future (after all, it's ISEP: It's Someone Else's Problem).

If Trump continues to make noises about China, Wall Street is going to clip his ass like JFK.  Ever wonder why the corporate MSM media is so hellbent in cranking up the Trump Hate?  MSM is in cahoots with corporations.  After all, corporations pay the MSM to not do reporting.  Why do you thinK Boeing advertises on CNN?  Not like an average American goes down to the local Boeing dealership to lease a new 737...

Xena fobe's picture

Not true.  There is crushing poverty and inequality in the US.  Our standard of living is rapidly declining while other nations is rising. 

The exceptions will be war torn nations and oppressive regimes, but I am not counting them. 

Miffed Microbiologist's picture

Perhaps you should investigate how many people on welfare have big screen TVs. When my brother returned recently from Sri Lanka he did not mention seeing this.

Miffed

Apocalicious's picture

Not true. No one dies of starvation in America, or because of lack of acess to basic medical care. The average person on welfare has a flatscreen, cable, a cell phone, and a car. 

 

Yog Soggoth's picture

You are confusing hard working poor Americans with Dindus. The latter have perfected gaming the system generationaly  while the former is just waking up to the fact that there are no jobs or safety net. As for the basic access to healthcare, I can say for a fact that they will let you die if you do not have money. They are all too happy to write a prescription for opiates and send a huge bill for misdiagnosing though. It ain't like the old days.