All errors should be reported to DonSurber@gmail.com

Monday, August 26, 2019

Tariffs force Red China to talk trade



In President Donald John Trump, Chairman Xi has met his match. Whilst the American press misreported President Trump's tariffs as irresponsible, Chairman Xi woke up with the horsehead in his bed.

Overnight, Red China seems to have capitulated.

He realizes that The Donald likely will remain president for the next five years. Despite Xi's ability to look long term, he also realizes 5 years of economic recession causes unrest among the middle class, which has grown in the 30 years since Tienanmen Square.

Fox News reported, "China signaled on Monday it was now seeking a calm end to its ongoing trade war with the U.S., as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration."

I don't care who you are, a half-trillion smackers is a lot of money to cover.

President Trump can cover it, of course. He is playing with the bank's money, as he said last summer.

Add a point to unemployment? It's still below what Obama left him.

Stocks drop another 10%? They would still be up 30% since we elected Donald John Trump president.

The Fox News story said, "Asian shares tumbled early Monday, with Japan's benchmark Nikkei 225 started plummeting as soon as trading began and stood at 20,234.87 in the morning session, down 2.3 percent. Australia's S&P/ASX 200 slipped 1.5 percent to 6,427.20. South Korea's Kospi lost 1.7 percent to 1,916.14. Hong Kong's Hang Seng dropped 3.3 percent to 25,309.37, while the Shanghai Composite was down 1.2 percent at 2,862.87.

"The yuan also slipped to 7.1487 to the dollar, weeks after the Treasury Department formally designated China a currency manipulator. The Treasury Department said it will work with the International Monetary Fund to try to rectify the 'unfair competitive advantage created by China’s latest actions.'"

Unlike The Donald, the head of a communist country cannot play with the bank's money because the country is the bank.

The American media may be siding with Red China, but Democrats cannot afford to be careless.

The Fox News story said, "Sen. Lindsey Graham, R-S.C., said on Sunday that Democrats should not criticize Trump for taking on China over trade as they have complained for years about Beijing’s policies but done nothing. Senate Minority Leader Chuck Schumer, D-N.Y,  for example, has urged Trump to fight China aggressively."

The trade deficit was a bipartisan flustercuck.

Graham said, "Every Democrat and every Republican of note has said China cheats. The Democrats for years have been claiming that China should be stood up to, now Trump is and we’ve just got to accept the pain that comes with standing up to China."

The pain will be small and short-lived because Red China unwittingly is addicted to a trade surplus with the USA.

A good compromise would be to cut the imbalance in half.

20 comments:

  1. The scope of President Trump's vision and accomplishment is breath-taking. It is truly magnificent and history will record it as such.

    ReplyDelete
    Replies
    1. Hopefully history will record it as such. The leftists in charge of big history won't.

      Art of the Deal, MAGA.

      Delete
    2. It has been truly amazing to see what Trump has accomplished without any help from the GOP-elite, and despite opposition to everything by the Democrats, the LeftMedia, the NeverTrumpers, and CNNMSNBC and the ongoing legal battles and Fake Charges.

      Delete
  2. Vietnam has also stepped up, cracking down on Chinese companies selling their stuff as made in Vietnam.

    let us pause, to appreciate that moment.

    Vietnam siding with the US against China.

    only in trump world.

    waterman

    ReplyDelete
    Replies
    1. Mahalo.

      the world is certainly,

      "Beaucoup din Kay Dow."

      waterman

      Delete
    2. There is no love lost between Vietnam and the Han Empire. The Empire has repeatedly attacked and conquered Vietnam over the centuries, only to be thrown out when it grew weak. The Middle Kingdom still considers Indochina as rightfully theirs, or least belonging to their irrevocable sphere of influence.

      TarsTarkas

      Delete
  3. flustercuck?

    Beats Charlie Foxtrot.

    ReplyDelete
    Replies
    1. The great thing about the phrase "flustercuck" is that POTUS-Trump does fluster the cucks.
      -TK

      Delete
    2. Good one.

      Kate

      Delete
  4. President Trump has had experience dealing with a Mafia like political structure, which is what China has become. It is, supposedly, a Communist country. But it has become a country of 1,5 billion, which is ruled by, and whose wealth is being taken by, perhaps 100-150 families, totaling perhaps, 10-15 thousand leaders who are stealing the wealth of the country, and are being led by a man who has made himself a Dictator for life, and controls millions in their armed forces. Vito Corleone could only dream os such a thing.

    ReplyDelete
  5. Yes, its more than time, to put china in its place, they use slave labor to compete and we don't unless it robotic.

    ReplyDelete
  6. Xi has shown some skill riding the tiger of rising disgruntlement at home, but now he has Trump riding around him on a bronco, kicking it with his spurs. Used to be, Xi could have finally just pulled out his six-shooter and shot the tiger, but now he can't remember whether he has used only 5 or all 6 shots! And Trump is yelling "Are you feeling lucky, punk? Well, are you?!" Sux2BXi

    ReplyDelete
  7. House of Cards-Trump know that Xi knows-BTW there is a party conference coming. Xi might get Denged...

    ReplyDelete
  8. 'A good compromise would be to cut the imbalance in half.'

    I dunno Don ... wouldn't that still be unfair trade in china's favor?

    ReplyDelete
    Replies
    1. Ya know, unless the apple is very, very small, you can't eat it all in one bite.

      Delete
  9. "Overnight, Red China seems to have capitulated."

    U.S. Chamber of Commerce/U.S. Congress hardest hit.

    - Elric

    ReplyDelete
  10. Elric, oh happy days huh?

    Kate

    ReplyDelete
  11. China's getting a preview of what's going to happen, if they can't keep their middle class in all their large cities happy, in Hong Kong.

    ReplyDelete