Trump trade war to become reality as China tariffs hit

But American businesses increasingly are raising their voices in alarm about the potential for dire consequences

No to listen to those losers.

The trust fund man-baby knows what he’s doing.

He’s a convicted scammer after all, those dodgy guys are always in the know /s

"But for firms like Mid-Continent Nail Corporation in Missouri, the largest U.S. nail manufacturer, rising steel prices have meant immediate job losses and threaten to force the company to shut down operations altogether."

A company whose president supported Donald Trump. No sympathy. Now the US is finally starting to panic as the other nations work together and watch Trump isolate the nation. It's good they stop relying on the US so much anyway. When the US begs to come back to the table, they'll be able to get even better deals, and Trump will be in the dog house with all the investors and companies who voted him in. I love how the other leaders are targeting tariffs on his voter base, who are starting to realize what a huge mistake they made.

Smith - I love how the other leaders are targeting tariffs on his voter base, who are starting to realize what a huge mistake they made.

I can’t say I share this sentiment.

The Trump cult members know he’s a liar simply winging it but they just don’t care. They remind me of that nutter in Norway that killed all the kids to get his point across. Down in the hole so just keep on digging.

Morons shouldn’t be allowed to vote.

Rich people will invest accordingly. Working class people will sacrifice.

But for firms like Mid-Continent Nail Corporation in Missouri, the largest U.S. nail manufacturer, rising steel prices have meant immediate job losses and threaten to force the company to shut down operations altogether.

Trump really hit the nail on the head, I'm just saying

I suspect Trump's tariffs are an attempt to foment destabilization to negotiate with a weakened/preoccupied adversary. Doubtful that he understands the risks in this game.

I think this will probably be Trump's Waterloo (or his invasion of Russia in winter).

One of the problems with vain ideologues surrounded by Yes-men is that they don't know when to stop. There is no way that this ends well for anybody, throwing a monkey wrench into the global trading system like this is going to make everyone worse off. Trump can say "I'm destroying more Chinese jobs than American jobs" but at the end of the day he is still going to destroy a lot of American jobs and that is going to come back on him.

The real risk is that we don't know what weaknesses in the economy this is going to expose yet. When everybody has made investments based on a set of assumptions about their business environment, and those assumptions get pulled out from under them, all the skeletons in the closet get laid bare and can have systemic effects. Its what happened in 2008 and possibly what is going to happen if this trade war escalates.

lie down with the trump dog. get up with the trump fleas. flea bites all over your "delicate zones". you're gonna need a trump flea bath.

Of course it is not fair, but that is your own fault America. No one wants your poorly made crap, including your big ass cars.

MadvertsToday 02:50 pm JST

The Trump cult members know he’s a liar simply winging it but they just don’t care. They remind me of that nutter in Norway that killed all the kids to get his point across. Down in the hole so just keep on digging.

that's why the tariffs are targeting them financially. they can't deny that they gained nothing from the tax cuts and are being adversely effected by trump's mindless/meaningless trade wars. everytime they hear about how the economy is growing, they can ask themselves why their wages (and benefits) are shrinking. especially while scott pruitt, ryan zinke and donald trump are pillaging the coffers.

And as American workers lose their jobs Trump will tell them that China (and Europe) are stealing their jobs.   And his base will whoop in delight and defiance as they get drunk on their redundancy pay outs.

Trump can't seem to comprehend any sort of complexity regarding anything. He can only think in very simple terms and is going to cost the US so many jobs but still points fingers as though it's nothing to do with him. Vote him out America or things are only going to get worse and worse and worse.....Fingers crossed the majority of people in the US can see through this idiot's bravado facade.

No Trump supporters here to defend him? Odd.

No Trump supporters here to defend him? Odd

Not odd. Even the Chamber of Commerce is against Trump on this. Consequences soon to ensue.

RudyRuiz: "No Trump supporters here to defend him? Odd."

They've spun around so much with Trump that they've drilled themselves into the ground and created a new meaning to "head in the sand". It may have finally covered their mouths, too, although in all likelihood they're just trying to navigate the mental obstacle course necessary to try and fob off blame on others. I mean, certainly can't let those "I told you so"s sink in.

Even his supporters here must be having trouble how to spin this one in his favor!

We all know that the first thing a Trumpeteer does is blame it on the Left. It's the only argument they have, everything is the fault of the Left. Job losses caused by this trade war, the Left are to blame. Global economy tanks, has to be the fault of the Left. The hot weather, Left are controlling the elements. Tornadoes destroying houses, the Left are unleashing them on areas that supported Trump.

In the end, all the Trumpeteers can do is blame the Left for everything, it shows just how weak they truly are.

Northerrlife.......

Great comments.

It is another scam to keep people distracted from his illegal activities.

As Trump targets trade, a Chinese factory says its been hired to make flags for Trump's 2020 campaign

http://www.businessinsider.com/chinese-factory-says-its-making-flags-for-trump-2020-campaign-2018-7

smith: "When the US begs to come back to the table"

Bwa ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha

 Oh my...

Lower tax rates is a permanent victory for Trump: Norquist

https://www.youtube.com/watch?v=K23uTbl7m-U

Why are Trump's lower taxes good?

Lower tax rates have nothing to do with the US begging to come back to the table. Bwa hahaha.

Trump failed at his Muslim ban, Hillary imprisonment, zero tolerance immigration, and what's this about lower taxes?

American debt is at record highs and so are gas prices. But it's OK because he lowered taxes. How creative. No one has ever thought of that. Also trump wants to invade Venezuela because it is a muslim training camp according to hannity

Hold the line!

Lower tax rates is a permanent victory for Trump: Norquist

tax break becomes obsolete when you have to pay 25% more for good LOL

Hold the line!

when General Trump is long gone General Xi will be there long after cleaning the mess and negotiating with someone who can actually understand world trade. Chinas in it for the long haul. can easily sacrifice 10million jobs to prove its point , wonder if Trump can do the same. LOL

Morons shouldn’t be allowed to vote.

That seems oppressive and anti-Democratic. Are you suggesting that passing a test is required? Never read history?

Gas prices aren't at record highs, but they are up because it is summer. Happens every year as more people drive farther and gas formulations change to reduce emissions, which costs more to produce, for summer.

40 million Americans live in poverty. 18.5 million live in extreme

poverty; and 5.3 million Americans live in “Third World conditions of

absolute poverty.”

Zichi - with all these poor people already inside the USA struggling, how can you suggest that more should be allowed in illegally?

when General Trump is long gone General Xi will be there long after cleaning the mess and negotiating with someone who can actually understand world trade.

The way things are going, it won’t be a Democrat.

Chinas in it for the long haul.

So is the US since no one tried this, heck, even Schumer agrees with Trump. Wow!

can easily sacrifice 10million jobs to prove its point , wonder if Trump can do the same. LOL

China needs us to buy their junk, so if Americans can’t buy their junk then they cut their own throats. Lol

Hold the line!

Tariffs hurt the people that consume. Americans consume those products, not the Chinese. China can either export them to another country, or let their currency rise so their own people can consume what they produce. Americans do not produce anything, they just consume.

The way things are going, it won’t be a Democrat.

and even if it isnt do you think Trumps replacement will be as moronic as he is!? Everybody has came to the deluded reasoning that another Republican POTUS could fudge up world trade as much as Trump, possible but unlikely

gas formulations change to reduce emissions

Yes, like 3 cents more per gallon. It's Trump's fault gas is so high. But I was listening to Hannity and he keeps blaming President Hillary. Also, American debt is at record levels. Also, healthcare costs keep rising. And no wall. Where's the Trump wall?

Pain at the pump: Gas prices hit three-year high and are expected to keep rising

(news source)

Pain at the pump and it's Trump's fault.

China needs us to buy their junk, so if Americans can’t buy their junk then they cut their own throats. Lol

so whats another 10~20million Chinese living in poverty, almost double the US population is already living like this in China now. they lost this many jobs after the 2008 GFC and they didnt even flinch. it not like Chinese are going to kick out President Xi anytime soon. Nope for the long game youd be a moron to put your money on Trump he doesnt have anywhere near the intellect to outplay the Chinese. Trump should put Putin on his staff, heres a man who came from modest back ground is now considerably more wealthy than Trump and gets to rule his country indefinitely. Thats the type of cunning intellect itll take for Trump to defeat the Chinese

bass4funk: "China needs us to buy their junk, so if Americans can’t buy their junk then they cut their own throats. Lol"

The nervous "lol" is out! And anyway, we all know bass won't address the fact that he'll gladly by anything Trump, especially the BS, but the goods he'll buy are all made in China, same as his daughter's goods. It would mean proving they are hypocrites.

and even if it isnt do you think Trumps replacement will be as moronic as he is!?

Moronic? If anything, the Left are increasingly the poster children of what being a true moronic is.

Everybody has came to the deluded reasoning that another Republican POTUS could fudge up world trade as much as Trump, possible but unlikely

Trump beat 16 Republicans, the best and a Democrat, the worst and the left still don’t have a message except for race, resist, abolish ICE, obstruct and now vote for me. Yup, a real winner.

The nervous "lol" is out! And anyway,

I don’t get nervous talking to liberals.

we all know bass won't address the fact that he'll gladly by anything Trump, especially the BS,

That would be the left. Lol

but the goods he'll buy are all made in China, same as his daughter's goods. It would mean proving they are hypocrites.

Some things, but not everything, I have money, don’t need to buy cheap stuff.

We will see the impact on jobs, especially the layoff announcements. That’s when it will get real.

Then these people will go on public assistance and be branded as lazy people just looking for handouts, the GOP will continue to strip food benefits, and just as things get rolling in 2019 we will see Obamacare prices spike when the mandate is gone. That’s when hospitals in rural areas will start to close.

So if you’re a working class Trump fan working in manufacturing in the Heartland, enjoy. Meanwhile, Trump ties will be coming in from China and Trump resorts will hire more foreign workers to serve the rich people.

Pertaining to a trade war with China, President Trump should fight fire with fire, slap a 50% tariff on Chinese goods, use this tariff to support damaged export industries, also rebuild Americas industries that have been destroyed by unfair trade.

When China's huge trade surplus begins to dwindle and they start closing export factories, then and only then will China stop dumping, sit down and talk about fair trade.

In a trade war, China has much more to lose than America. There is nothing that America cannot manufacture. America's excellent agricultural products can feed America, in fact, also much of the world.

In a trade war, China has much more to lose than America. There is nothing that America cannot manufacture. America's excellent agricultural products can feed America, in fact, also much of the world.

Bingo!

I won’t be suffering, that’s for sure. Neither will Trump or anyone who lives overseas.

Just the working class here in the US is all. I wish them well with their sacrifice. Soon we will see factories across America making Trump ties with good wages and full employment for uneducated white people.

And if not, eh, it still won’t hurt me.

America's excellent agricultural products can feed America, in fact, also much of the world.

So why are so many in America starving?

http://www.feedingamerica.org/hunger-in-america/facts.html

https://www.cnbc.com/2016/12/13/americas-dirty-little-secret-42-million-are-suffering-from-hunger.html

Heather Scott who wrote this one-sided article knows that, "The pen is mightier than the sword."

Just the working class here in the US is all. I wish them well with their sacrifice.

Worthy cause.

Soon we will see factories across America making Trump ties with good wages and full employment for uneducated white people.

What about the educated, uneducated liberals....including the White ones?

If you believe I'm a liberal Mr bass

Yes, I do.

 I have money, don’t need to buy cheap stuff.

Like what?

There is nothing that America cannot manufacture.

Like what? The Zenith System 3?

Madverts:

While I'm no Trumpette, are you suggesting poll tests to test the intelligence of voters? Who would write the tests? Think I heard one country actually require a bachelors degree in order to vote and be candidate in elections. Bit elitist, IMHO.

Just get robots for everything. Farming, manufacturing, and services. Give all citizens percentage of profit off natural resources (oil, lumber, gold, copper, etc). No need to work. Forget workers paradise, lets go for pensioner paradise.

smithinjapanToday  11:06 pm JST

Ray Payne: "There is nothing that America cannot manufacture."

So why does Trump have everything made in China? You guys refuse to answer that. He can't even follow his own demands.

The answer is, there is not much left in America today as for as textile mills go to produce clothing. At one time America had many large textile mills, but dumping with cheap labor shut them down. The business went to the countries that shut then down as planned.

China shall be the winner. The United States of America shall be the loser.

"China shall be the winner. The United States of America shall be the loser."

Dream on, mukashi.

Hit it where it really hurts the man-child. Put high tariffs on those Donald ties, Ivanka shoes and MAGA caps. It'll give him a heart attack.

Dream on, Pukey, haha

In a trade war, China has much more to lose than America.

how is that 20million job loses , was done after the last GFC and they didnt even flinch, let see if Trump get relected when those red state jobs start disappearing in the 10s thousands

There is nothing that America cannot manufacture.

American manufacturers still need imported steel which is now 25% more expensive, American steel is still more expensive that that. so American consumers will pay more for almost everything. Whatever America manufacturers for export can be bought from other countries, Countries may choose to WANT to buy American products but they certainly dont NEED them

America's excellent agricultural products can feed America, in fact, also much of the world.

China will soon be the biggest importer of foreign agriculture products in the world, but they wont be buying American since theyll be 25% more expensive, China can get its agriculture goods from cheaper countries that are also large exporters eg , Australia , NZ, Argentina, Brazil.

China will soon be the biggest importer of foreign agriculture products in the world, but they wont be buying American since theyll be 25% more expensive, China can get its agriculture goods from cheaper countries that are also large exporters eg , Australia , NZ, Argentina, Brazil.

Yeah, good luck with that, I doubt it, but we shall see. Again, China needs the giant US market to sustain its growth, none of the other nations mentioned can monetarily exceed that, not to mention Brazil having a large poverty class and the other countries smaller populations, but as I said, we shall see.

Yeah, good luck with that, I doubt it, but we shall see.

firstly population has nothing to do with it , it how much available farming land is available, NZ, Australia, Brazil have plenty and rival anything the US has.

you can see it now, NZ with its small population is the biggest exporter of milk in the world by far it holds 20% world market share. Australia Brazil India all export more beef than the US. Australia cattle farms/stations dwarf anything in size that the US has, many hold over 50,000 head of cattle most of them over 1million acres with the biggest at nearly 6million.

Australia Argentina and Brazil almost export as much grain as the US , in some years more when the weather is good. when it comes to agriculture/farming there are plenty of countries that can and do compete with anything the US produces. But now now thanks to Trump theyve got 25% price advantage exporting to China. Australia and NZ already have FTAs with China. No need to doubt it can easily be done now.

China needs the giant US market to sustain its growth

and vise versa, if China stalls then so will America, China can easily take millions of job losses, its government doesn't need re-election. American cannot.

The other countries have options since they are all in a bilateral trade war with the US. Canada can import more steel from China, China can import more cars from Europe, Europe can import more agriculture from Canada, etc.

On the other hand, US companies who need more steel will be facing tariffs from every country it can import from. Same with cars. Trump took their outlets away by going after all other countries at the same time.

At the end of the day it will be the working class manufacturers and farmers who suffer, and they did it to themselves by voting for Trump.

So, all I have to say is.....Hold the line!! The investor class will make a nice little profit from all of this. And Trump still gets to sell his Made in China crap here.

nishikatJuly 5  08:10 pm JST American debt is at record highs and so are gas prices.

I'm no Trump fan but if you're going to bash him, get the facts right or you're as bad as his supporters, who'll say and believe anything.

Gasoline prices averaged the highest ever in 2012, despite never topping the single day spikes seen in 2008. The nationwide average price for a gallon of regular gas hit$3.60 in 2012, according to AAA. That's up 9 cents from the previous record high of$3.51 a gallon set in 2011.

https://www.statista.com/statistics/204740/retail-price-of-gasoline-in-the-united-states-since-1990/

Ok then look at the American debt. Trump said he would negotiate it. Also Obama haters blamed him for high gas prices.

Americans do not produce anything, they just consume.

Really? That is a myopic view of the way things work.

What OS does your computer use? Your smartphone? Where did that come from?

I cannot think of anything critical to my life that is made in China. Convenient, yes. Critical, nothing, except perhaps, Li-Ion batteries. But those are made in the USA and Japan too.

As for gas prices, I honestly haven't noticed, but I fill up about once every 4-6 weeks.

As for the national debt - Obama almost doubled it, but Bush-2 did terrible harm as well. Trump isn't helping either, but he alone can't accept blame for 4 prior administrations.

If I bought steel stuff yearly, I could see where that would matter. But I don't. I'm guessing the last major steel purchase I made was about 18 yrs ago. Vehicles and commercial buildings are what I think about with steel. Ships too. It will be bad for them and ripple. When it gets really bad, Canadian steel tariffs will drop.

If you seek someone to say that President Trump isn't a reckless idiot, I'm sorry to NOT be that person.

"China already has announced it will respond in kind on the same schedule as the United States while President Donald Trump has countered with a threat to double down by progressively ratcheting U.S. penalties up to a total of $450 billion in goods -- which would represent the lion's share of all of China's exports to the United States."

President Trump Stay the course, the only way to get China and others to come to the table to discuss fair trade, with a one on one Bilateral trade agreement - fair to all, is with greatly increased tariffs.

Take those tariffs to support Americas farmers, damaged and destroyed industries brought about by protectionist unfair trade.

Again President Trump, stay the course, if Protectionist China does not agree to stop dumping and agree to fair trade, many of China's factories will be closing with vast numbers of unemployment without the large glutinous American market, China's number one market.

China cannot sustain a trade war very long, China will lose, the United States of America, will win. Again there is nothing that America cannot manufacture, regardless of what Trump haters have to say.

China cannot sustain a trade war very long, China will lose, the United States of America, will win.  lol how do you know nobody has every been in a trade war with China with the size of its economy it is today. China can easily sacrifice 10 million workers, whats another 10million in poverty when 500million already live like that now lets see if the US can handle half that number of job losses and still get re-elected. Chinas going to squeeze those red states until they squeal. Unemployment lines and food stamps or all.

many of China's factories will be closing with vast numbers of unemployment without the large glutinous American market, exact same thing happened after the GFC China lost an estimated 20million jobs and they didnt even flinch, Chinese government still hold power, they dont need to answer to the Chinese people or seek re-election. Chinas playing the long game and Trump doesnt have time on his side.

I cannot think of anything critical to my life that is made in China

Oh, sure for people at retirement age who have accumulated everythingthey need. It's a new world now for productive people.

As for the national debt

Larry Kudlow, President Donald Trump’s top economic adviser, bragging on Fox Business Network that the deficit was not only shrinking but “coming down rapidly.”

(news source)

Sorry, I apologize to Trump people. It was discussed on Hannity and Friends on FOX that there is no more debt under Trump. Or at least soon to be no more debt. Trump magical debt negotiation is really working. Wow! Trump is a great president. Now, if he can only build the wall.

Was reading recently that many Taiwanese companies that have invested a lot of money in factories on the mainland are starting to get nervous and some are considering pulling out back to Taiwan or elsewhere.

Given that Taiwan is subject to a constant threat of military attack now by China combined with this trade war, I think its going to make more and more sense for Taiwanese companies to follow in the footsteps of Foxconn with its massive new factory in Wisconsin. I know there is controversy over the subsidies to secure that factory but it could be a sign of things to come.

It would make a lot of sense, long term, for flagship Taiwanese electronics manufacturers to make their products in the United States IF they can secure the components outside of China, which while I imagine will be difficult at first, may become easier over time.

If you look at this graph - https://atlas.media.mit.edu/en/profile/country/chn/

A lot of those technology exports from China involve Taiwanese companies and Taiwanese products in the supply chain. It would seem an ideal time for the United States to offer those companies, in conjunction with various U.S states an opportunity to setup shop in the U.S.

Who knows, maybe one day in future the rest of the West will be buying more tech products manufactured in the U.S, rather than China, which would cut the U.S deficit it runs with China AND perhaps Europe.

That would be great outcome for the West in general.

nishikatJuly 6  07:36 am JST Ok then look at the American debt. Trump said he would negotiate it. Also Obama haters blamed him for high gas prices.

If you're responding to me, I'm not sure I understand the point you're trying to make. Again, I'm not a Trump supporter and am in no way defending him. I'm simply stating that what you said about gas prices is incorrect and that you ought to make factual statements if you're going to criticize him. I see no point in stating incorrect information, regardless of your feelings towards the man. I saw no point in doing that with regards to Obama either so, again, what's your point?

China could ask America to repay the foreign debt it owns.

The float of the public and private markets in bonds isn't totally under China's control.

China could stop buying US bonds, THAT would hurt.

The huge US national debt is a major problem, it has exploded since 2000 and it was bad prior to that.

what's your point?

I said I'm sorry, as I mentioned, Trump has said that the US debt is going down-so it is going down. It has to be true. But if the debt goes up and the same with gas prices then Trump followers will just blame crooked Hillary. Things go well then it's all due to Trump's good negotiation. Things go bad then it's crooked Hillary's fault.

What a hypocrite!

Ivanka Trump's Chinese-Made Products Conveniently Spared From Dad's Tariffs

https://www.yahoo.com/news/ivanka-trump-apos-chinese-made-041020687.html

nishikatJuly 8  12:45 pm JST

what's your point?

I said I'm sorry, as I mentioned, Trump has said that the US debt is going down-so it is going down. It has to be true. But if the debt goes up and the same with gas prices then Trump followers will just blame crooked Hillary. Things go well then it's all due to Trump's good negotiation. Things go bad then it's crooked Hillary's fault.

Hmmmm..... That still doesn't make your statement about gas prices being at an all-time high true. And, you're not apologizing to me because I'm not a "Trump person".