Trump: "We Are Not In A Trade War With China; That War Was Lost Many Years Ago..."

With US stock futures plunging toward their Wednesday lows following China's decision to strike back against the US by announcing 25% tariffs on on some $50 billion of US imports, including soybeans, airplanes, cars and chemicals, as the news revived fears of an escalating trade war.

But in a pair of tweets sent Wednesday, President Trump suggested that the market had it wrong. We aren't about to start a trade war with the Chinese, the president said. Rather, we've been fighting a losing battle for years.

"We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the US. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!"

And before that, the president lashed out at the US's weak border laws for the fourth time in a week - after announcing last night that he would mobilize the military to protect the US's southern border as a caravan of Central American immigrants draws closer.

"Our Border Laws are very weak while those of Mexico & Canada are very strong. Congress must change these Obama era, and other, laws NOW! The Democrats stand in our way - they want people to pour into our country unchecked....CRIME! We will be taking strong action today."

During an appearance on CNBC shortly after Trump fired off his tweets, Commerce Secretary Wilbur Ross said he was "a little surprised" at the market's reaction, saying China had already announced its tariff plans, and that the two sides were likely still headed for a negotiation.

 

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BigFatUglyBubble Trumpury Clinton Wed, 04/04/2018 - 08:00 Permalink

Trump: 'Trade wars are good, and easy to win'

Are troops on the border yet? How long does it take to deploy troops in an emergency situation?

-All this talk of walls and military, and not entitlement reform?  Entitlement reform is just an important element to this problem, if not more important. 

 

-I wish President Trump would tweet about ZeroHedge articles instead of WaPo, NYT articles, Morning Joe, etc.

That crowd is mentally-ill libtard cult members.  There is no fixing stupid, therefore no point in even addressing them.

In reply to by Trumpury Clinton

bshirley1968 Occident Mortal Wed, 04/04/2018 - 08:10 Permalink

You sound like one of the "foolish" or "incompetent" Trump mentions. It won't be that easy, and Trump won't be back in 2020, that I can assure you. Wussy Americans are not ready for the pain that fixing this will bring.

Trump is wrong, they weren't foolish or incompetent. They accomplished exactly what they intended and got what they wanted in return. "Traitors, Thieves and Banksters" are a better description.

In reply to by Occident Mortal

Oldwood Vendetta Wed, 04/04/2018 - 08:50 Permalink

People in government pick winners and losers and we know there are ALWAYS more losers than winners. I'm sure there is some grander scheme, but this is largely driven by individuals seeking to advance one group over another.

Note how the Chamber of Commerce constantly touts their "winners" in each trade deal while seemingly ignoring the fact that the overall deficit continues to grow. 

Winners and losers. 

GE pays no taxes because they were "chosen" over their like competitors. Solyndra was "chosen" while their competitors were left to suck wind.

There my be a plot, but the devil's work relies upon our individual weaknesses, our greed, our willingness to cheat to gain advantage.

Winning

In reply to by Vendetta

Oldwood rccalhoun Wed, 04/04/2018 - 08:41 Permalink

Nations competing with us are most certainly gaming us, allowing us to destroy our ability to compete, just as a drug dealer sees his customers increasingly self destructing with every sale. This is a game of world dominance and those that think only America seeks this, or only black or white or Asians or anyone else are the only opponent are insane. 

In reply to by rccalhoun

Winston Churchill bshirley1968 Wed, 04/04/2018 - 08:38 Permalink

The first thing to fix is the school system, until that starts graduating little more than phone fixated burger flippers or

college goers who is going tend the factories.There's  18 years of pain even if you started tomorrow.

Rebuilding a whole industrial base in the middle of trade wars , with the required skill set teachers retired

or dead,another major problem.

Two decades of intense pain whichever way you crunch the numbers,to be two decades behind the newest methods

when you get there.

 

In reply to by bshirley1968

Oldwood duo Wed, 04/04/2018 - 08:37 Permalink

Would it not be revolutionary if people actually valued quality food and general well-being over entertainment and base consumerism?

People are consumed by consumption and it's quantity over quality. We seem to simply​ NEED to consume, to buy, whether we need it or not, in order to feel any satisfaction or fleeting contentment. Our "happiness" is in a cardboard box shipped to a Dropbox from Amazon same day.

In reply to by duo

Oldwood SoilMyselfRotten Wed, 04/04/2018 - 08:24 Permalink

Corporations did what we asked of them.

"Bring us cheap goods, the more the better" and they DID.

We told them we did not CARE where they came from and bristled at the mention of tariffs that might protect our jobs as it could increase our "entertainment" expenses.

No, we got exactly what we asked for. Blaming government for not forcing us to recognize our end, blaming business for putting money ahead of America (which is exactly what every consumer has done), all seems a bit WEAK.

In reply to by SoilMyselfRotten

bshirley1968 Oldwood Wed, 04/04/2018 - 08:48 Permalink

WRONG!

The minute the first corporation took advantage of the slave labor.....and our government did nothing about it.....the rest had to follow suit or get left behind. Most people didn't understand....and were powerless to stop it....the full consequences of all the corporate migration to China until it was too late.

The government was paid off by corporate America to give them a pass on using communist slave labor. We were herded into the "Walmart" society.

China is not the culprit in this matter. We gave the farm away and they took what we gave. Why isn't Trump going after corporate America? Because they are still paying off congress.....and Trump.

Having money and wealth is the ability to make choices i.e. freedom. That had to be taken away from the middle class American and given to the control of communistic/socialist countries like China, Mexico, and India who know how to keep their slaves.....in slavery.

In reply to by Oldwood

Rothbardian in… bshirley1968 Wed, 04/04/2018 - 08:56 Permalink

Why is government the answer to everything?  At what point do we hold each other accountable?  Our economic votes and our political votes can fix things.  But, everyone has been turned into a face illuminated, head down, click zombie.  The solution to all this garbage lies with us.  Government is the problem not the solution.

In reply to by bshirley1968

bshirley1968 Rothbardian in… Wed, 04/04/2018 - 09:31 Permalink

I hate to break it to you and oldwood but the world has gotten a little complicated and beyond the reach of yours or my personal feelings and influence.

What would you have me do? Hell, I buy American......when you can find it. I can't spend my life trying to research everything to see where it is made while millions and millions of others don't give a shit.

I didn't move shit to China. I had ZERO input or influence on that decision. Maybe you guys did.

News Flash! Of all the shit government sticks its nose in that is none of its business, this is the area of their responsibility......FREE TRADE.....LEVEL PLAYING FIELD.....HELLO! Who do you suggest fix this problem? Corporate America? Right!

The root problem here is SLAVE LABOR! DC should hammer any corporation that uses slave labor......AND YES, THAT IS THEIR JOB.

In reply to by Rothbardian in…

Oldwood bshirley1968 Wed, 04/04/2018 - 10:22 Permalink

All you EVER had to do was say NO!

We seem to find time to research the shit we CARE about. No one seemed to care thirty years ago and most still don't, but will not hesitate to blame others for not MAKING them listen.

As you correctly point out, our options ARE much more limited today, and that will get only worse because WE refuse to say NO, now as we did then, because it was just too painful.

Take another hit of the delusion pipe. The buzz won't last much longer.

In reply to by bshirley1968

Oldwood bshirley1968 Wed, 04/04/2018 - 08:59 Permalink

I get it.

You had no choice but to buy imports.

You had no choice but to buy production from illegal immigrants.

You are POWERLESS and it's ALL someone else's fault.

Must be great (or suck) to be you.

It is truly sad that we must rely on GOVERNMENT to prevent us from doing bad things. We claim.to desire liberty and then line up to buy imports we KNOW will destroy our jobs.

We CHOOSE to believe the lies that allow us to self destruct, be it our debt, our diet, our habits, our consumption, EVERYTHING. And then you drivel on about how our government should have STOPPED business from importing while rejecting our government attempting to SLOW us from doing the same.

Is ANYTHING OUR FAULT? Or is this just about deflecting our own propensity to not give one FUCK about the jobs of our friends and neighbors, only our OWN shit?

Evil corporations. Sure. They LIE, and so do we... especially to ourselves.

In reply to by bshirley1968

TheReplacement Oldwood Wed, 04/04/2018 - 09:49 Permalink

The government is our collective fault.  We collectively have elected them for a couple of hundred years now.  What they have done, without repudiation much less jail time or execution, they have done over and over again because there is no penalty.

In reply to by Oldwood

Oldwood NoPension Wed, 04/04/2018 - 10:29 Permalink

Stop trying to perfect tyranny of government. We bitch about unaccountable power and then want to create new ways to prosecute without consequence.

Government needs to do nothing. The choice of what we buy from whom is ours.

Imagine China's response if Americans simply stopped buying their shit. No tarrifs, just no sales. Would they impose even higher tariffs or would they try to lower their prices even more to lure us to buy?

Stop blaming corporations and government for OUR CHOICES.

Yes, they lie to us, like everyone lies to us. Always have. At so.e point we have to take responsibility for KNOWINGLY believing them as is undeniable at this late date.

In reply to by NoPension

DemandSider Oldwood Wed, 04/04/2018 - 14:52 Permalink

Imbecile, it starts with the over valued dollar. Did anyone YOU know force OPEC to accept their IOUs or they'll die? Did consumers kill Qaddafi and Saddam over their plans to dump the dollar? Did consumers arrange the Panama and Liberia tax havens so oil companies could hide their profits in dollars? Did consumers help international criminals buy up real estate in New York?

 

How does any democracy "free trade" with a CCP owned non profit manufacturing? Answer? WE DON'T. It's impossible. As for the bloated stock market. That's for the parasites who set this whole scam up. Good riddance. The rest of us don't have very far to fall.

In reply to by Oldwood

NoPension Oldwood Wed, 04/04/2018 - 09:53 Permalink

Hold the boat. 

I build and repair. 

My " world " got corrupted by illegal labor that was not held to the standards I was held to. I, had to pay...tax, insurance, license,etc.

 They....nothing. So my talents and the rates I charged, were overwhelmed by cheap labor. For example...I could do a task effectively because of experience. But my competition did it cheaper with three people doing the same task. 

Maybe I purchased a modern, efficient zero turn lawn mower. And all the accessories to do a fast efficient job. Then four Mexicans show up with push mowers, and do the same job faster and cheaper. And run me out. Extreme example...but extrapolate it. 

The same people arguing for low paid labor...are making the exact argument that plantation owners made in 1861. 

Because " my government " chose to let the borders remain wide open, and export our jobs and manufacturing base...ive had to readjust my operation. I have. Ive been able too wiggle around. Most can't. But..I'm not succeeding...I'm surviving. 

In reply to by Oldwood

GreatUncle NoPension Wed, 04/04/2018 - 10:22 Permalink

I walk away from work sometimes on the grounds the customer wants what I can do but wants to pay the China price. Not interested better to do something else because that would mean I work at a loss in a society where the government demands taxes.

But also why I say no more taxes by government and you choose to pay for those services you want.

Then government corporate subisidies ends.

Taxation is the socialism, where the money is used by society but the capitalist corporation has learned to be able to suck off this lifeline and people are compelled to pay it. It does not work one always becomes the parasite.

In reply to by NoPension

Oldwood NoPension Wed, 04/04/2018 - 10:35 Permalink

So, your government made your customers buy from cheap illegal immigrants?

Better think about that.

It is US, you, me and our customers making that choice.

I built custom furniture for years. Built Rex Tillerson's desk. Exxon let me know they could no longer "afford" to buy from me, instead shopping on the internet.

Choices, by ALL of us.

Was that zero-turn built in America?

In reply to by NoPension

DemandSider Oldwood Wed, 04/04/2018 - 14:33 Permalink

You are wrong. Most modern devices were always made somewhere else. I haven't had a cell phone since Motorola stopped ASSEMBLING (but not making) them in The U.S. Most Americas don't like all these trade deals, yet they slid through Congress as if through a goose. As you most likely know, the now shrinking middle class was doomed to trade deficits ad infinutem after The Tonkien Gulf sparked bacchanalia of death caused the dollar to tank. Then, banks and globalists spawned the petrodollar and goosed dollar tax havens, and the modern neoliberal version of "free trade" was off to the races. Shockingly, Kissinger and Associates, Inc, etc, were in The PRC making deals right after The Vietnam War. Golly, it's almost as if he KNEW what was going to happen!

 

Neoliberal "free trade":  https://en.wikipedia.org/wiki/Category:Government-owned_companies_of_Ch…

In reply to by Oldwood

rwe2late Oldwood Wed, 04/04/2018 - 09:10 Permalink

 You are wrong about who decides what.

The fact is that corporations, their lawyers, and their lobbyists actually write the laws/ tariff policies/offshoring etc., and their sponsored (bought and paid for) politicians rubber stamp mostly without reading or understanding.

They sell a pack of lies. "We" did not want endless wars and MIC profits over domestic social and physical infrastructure investment. "We" did not ask to have businesses move to other countries. "We" did not choose to fix the laws and policies so that wealth would flow upward to create a new "Gilded Age".

You apparently have fallen for the sales pitch, the spin.

The truth is: "We" do NOT invade other countries to keep you "safe".

"We" do NOT move corporations abroad to better provide you goods.

"We" do NOT imprison and monitor you to protect you from yourselves.

"We" do NOT rig taxes and income to give you jobs or a fair share.

"We" do NOT sponsor, bribe, and vet politicians to give you a voice in decisions.

 

 

 

 

In reply to by Oldwood

TeethVillage88s Oldwood Wed, 04/04/2018 - 09:40 Permalink

I like what you are posting. But a conservative approach would be big picture on US Constitution and the commons. Is our USD a common? Are the right to borders and restricted employment to only Citizens... and keeping jobs in the US of A a common? MSM & talking Heads & our leadership brain wash us and leave half of the information and 80% of the different points of view off the narrative.
- Trump sounds like a conservative in this headline, but we need National Discussion
- National Discussion won't take place since we don't have free press, we don't have independent press, we have Media-Trust to join our Money Trust

In reply to by Oldwood

Oldwood TeethVillage88s Wed, 04/04/2018 - 10:44 Permalink

Best choices are NEVER the easy choices. It is OUR choice nonetheless.

We will ALWAYS be lied to, always have, and those telling the TRUTH will be punished. We cannot expect this to be easy or that anyone else will look out for our best interests. We must KNOW where our interests truly lie and they are almost NEVER in short term gain.

We know this in our hearts, which is why even that is used against us by progressives constantly imploring us to sacrifice for the collective. The problem for us is the progressive game is NOT ultimately about OUR benefit, but THEIRS.

Everything is local. If we don't care about our own local industries and jobs, we sure as shit are not going to care about national issues.

In reply to by TeethVillage88s

snblitz Oldwood Wed, 04/04/2018 - 13:55 Permalink

Corporations did what we asked of them through our representatives.

Our representatives created bad law and bad trade policy for their purpose of lining their own pockets both through foreign interests of their family members and future "income" from industry when they leave office.

And yes, Americans keep putting these people into office, so it is ultimately their fault.

Please vote independent this year and for those without family members with foreign interests.

And please check you own representatives and their foreign interests.

In reply to by Oldwood

hardmedicine SoilMyselfRotten Wed, 04/04/2018 - 08:28 Permalink

I will take bringing all the jobs back so everyone has a middle class income to spend on things they need and the stock market to crash because all these corporations no longer get their slave labor along with things going back to an honest price discovery.

 

Shoes and clothes and furniture and everything is CHEAP AND POORLY MADE.  No one needs a house and closets full of cheap crap.

Let's bring back american made, american bought and let the rest of the world figure their shit out

In reply to by SoilMyselfRotten

swmnguy hardmedicine Wed, 04/04/2018 - 09:36 Permalink

Manufacturing jobs will come back to the US the instant the median US worker can support a family on the same $5,000 a year his Chinese and Mexican counterpart lives on.   And not one second sooner.  

No US corporation can afford to increase their labor costs 600%.  Not the way pricing and the overall economy is structured today.  Not with Finance activity comprising 45% of GDP and more.  Not with Executives making 300x-400x employees, as opposed to the 20x they earned when our economy worked properly.

The root of the problem is that labor is accounted as only an expense to be cut.  Anybody actually running a business knows that a skilled, competent, stable and loyal work force is a huge asset, but that's never acknowledged on the accounting side so it isn't valued.  Publicly-traded companies who do what it takes to keep a good labor force get punished by the stock market,  Costco being one example.

When I was a kid in the early '70s, it was still possible for one wage-earner, usually male, with a full-time job, to support a family in modest style.  Now it takes nearly 2 full-time jobs to do the same thing.  As the purchasing power of a job was cut nearly 50%, women went to work to make up the difference.  It wasn't the other way around; women entering the job force was a reaction to, not the cause of, the devaluation of a job.  A 50% effective wage cut wasn't enough for corporate interests though; they needed more, so they got Congress to restructure the tax code to allow them to close down manufacturing altogether, and to import foreign-made products as their own and sell them at the same prices, with an 85% decrease in labor costs.

For us to pretend that somehow China and Mexico tricked US corporations into cutting their labor costs 85% and stuffing the profits into their pockets is a ridiculous insult to the intelligence of Americans.  That many Americans seem willing to go along with it shows that the insult might be earned. 

In reply to by hardmedicine

hardmedicine swmnguy Wed, 04/04/2018 - 09:46 Permalink

I never said it was the fault of China and MExico.  NO.  The globalists that own major stock and the C-SUITES along with our bought and paid-for politicians engineered the entire thing while the American stupid electorate stood by and was shafted down to third world status.  I will NEVER forget the first time I heard Bill Clinton say 'MOST FAVORED NATION". 

I thought to myself "what in HELL is 'most favored nation' "?  

Now 25 years later we see what it meant.  Ross PErot told the truth.  We have globalists at the top who didn't care about their decaying and crumbling countrymen.  They took all the profits and compounded them with legislation that stripped us of our dignity and jobs. 

 

I don't know what the answer is...... BUT IT SURE AS HELL ISN'T MORE OF THE SAME!!!

 

 

In reply to by swmnguy

AguaDoCoco swmnguy Wed, 04/04/2018 - 09:57 Permalink

finally,  a sane and informative post ; supported , subtantiated, and a bigger picture view .  posts about "our vote can make a change" or "I say continue with the escalations until we cut Trade with China back to zero, ZERO."  ????  really ???  the very hardware you are writing that idiocy on came from China.  But don't look here at facts , run to emotional therapy ... being ignorant on web boards.

 

In reply to by swmnguy

Giant Meteor AguaDoCoco Wed, 04/04/2018 - 10:11 Permalink

Nothing new under the sun, no new thing ..

"I know not why any one but a school-boy in his declamation should whine over the Commonwealth of Rome, which grew great only by the misery of the rest of mankind. The Romans, like others, as soon as they grew rich, grew corrupt; and in their corruption sold the lives and freedoms of themselves, and of one another. [...] A people, who while they were poor robbed mankind; and as soon as they became rich, robbed one another."

Samuel Johnson: Review of Thomas Blackwell's "Memoirs of the Court of Augustus"

In reply to by AguaDoCoco

Oldwood AguaDoCoco Wed, 04/04/2018 - 10:51 Permalink

Really, so it is impossible to have a relatively closed economy where we buy and sell among ourselves....as every economy has done since the beginning of time.

There is NO REASON we must compete with China or anyone else unless we CHOOSE to do so. America is blessed with huge resources that allow us choices, and for self denying globalists to tell us we MUST compete with China is simply BULLSHIT. America was alive and well before China. It is only YOU who insists we must buy from them, and given our massive trade deficits and dollar dominance teetering, exactly HOW do you suppose you're going to keep your delusionary paradigm afloat?

In reply to by AguaDoCoco