Author Topic: Trump Gambles That Trade War Will Pay Off in 2020 (WSJ)  (Read 119 times)

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Offline corbe

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Trump Gambles That Trade War Will Pay Off in 2020 (WSJ)
« on: August 25, 2019, 03:44:23 PM »
Trump Gambles That Trade War Will Pay Off in 2020

Josh Zumbrun, Alex Leary
 
3 hrs ago

 
WASHINGTON—President Trump’s trade battle with China is shaping up as a definitive issue in the 2020 campaign, with shaken financial markets and fears of an economic slowdown testing the Republican’s insistence that his blunt-force trade posture will be an asset as he seeks re-election.

Democratic presidential hopefuls including front-runner Joe Biden already see vulnerabilities for Mr. Trump in the effects at home, including businesses and consumers hit by tariffs and farmers who can’t sell their crops to China because of Beijing’s retaliatory measures.

“It’s crushing the American farmer,” the former vice president said Tuesday in Warren County, Iowa. “How many farmers across this state, across this nation, have to face the prospect of losing everything, losing their farm because of these tariffs?”

U.S. consumers are expected to start feeling the effect after Sept. 1, when apparel, electronics and other items will be subject to 10% tariffs, followed by levies on smartphones, toys and other products on Dec. 15.

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http://www.msn.com/en-us/news/politics/trump-gambles-that-trade-war-will-pay-off-in-2020/ar-AAGiKTL?ocid=ientp
No government in the 6,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.

Offline skeeter

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Re: Trump Gambles That Trade War Will Pay Off in 2020 (WSJ)
« Reply #1 on: August 25, 2019, 04:30:09 PM »
Biden charitably left out other firms hurting from Trump's China spat - Bohai Harvest RST and Rosemont Seneca Partners.

But they're probably the furthest thing from his mind.

Offline IsailedawayfromFR

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Re: Trump Gambles That Trade War Will Pay Off in 2020 (WSJ)
« Reply #2 on: August 25, 2019, 05:01:26 PM »
Gambles?

This trade war is nothing compared to Reagan refusing to eliminate nuclear weapons with the USSR at the 1986 Reykjavik summit.  The ramifications were significantly larger to both countries and the world.   Yet Reagan 'gambled'.  And won. 

Here are some headlines following the summit:

ALLIES KEEP STIFF UPPER LIP DESPITE SUMMIT `FAILURE` Chicago Tribune

Reagan Flubs Reykjavik Summit
At his big meeting, the President’s obsession with Star Wars allowed Gorbachev to outmaneuver him on arms control
Rolling Stone


THE ICELAND SUMMIT: 'A DIFFICULT DIALOGUE'; GORBACHEV ANGRILY ACCUSES REAGAN OF SCUTTLING AN ACCORD AT REYKJAVIK NYT
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