Skip to comments.Trump's trade war advantage: The US economy is 'firing on all cylinders,' says expert
Posted on 08/12/2018 11:06:29 PM PDT by 2ndDivisionVet
"We have to realize that perhaps China isn't as strong as when we at first think. China is still figuring out also how to deal with this trade situation, how to ensure the stability of its domestic economy," said Curtis Chin, an Asia fellow at the Milken Institute.
Speaking to CNBC's "Squawk Box," Chin also "totally" disagreed with the view that U.S. President Donald Trump's policies are backfiring.
China's power may have been overrated and the U.S. economy is staying strong, meaning that U.S. President Donald Trump has an advantage in the trade war, according to one expert.
"We have to realize that perhaps China isn't as strong as when we at first think. China is still figuring out also how to deal with this trade situation, how to ensure the stability of its domestic economy," said Curtis Chin, an Asia fellow at economic think tank the Milken Institute.
"And that works to the advantage of President Trump, and I think what's really working to the advantage of President Trump is the state of the U.S. economy right now. Really, the U.S. economy is firing on all cylinders," he told CNBC's "Squawk Box" on Monday.
That economic strength would give Trump a "backstop" if the trade situation deteriorates in the long run, Chin said.
Chin told CNBC he "totally" disagreed with the view that the White House's policies are backfiring. The Milken expert, who was also U.S. ambassador to the Asian Development Bank, said Trump has made it clear he's been elected as "president of Americans, not of the world."(continued)
(Excerpt) Read more at cnbc.com ...
OK so they sell us 5 times as muc stuff. And we don’t buy it from them any more. How does that hurt us? I mean what happens if their factories have to close. I bet that won’t be good.
They are running huge trade surplus amounts with America, because China now has lots of factories, which used the be American.
Bring them back.
Whose "view" is that...the Democrats?
Bring them back.
Start with electronics (TVs and Computers, Cell Phones), and Appliances (Washing machines, Refrigerators, etc.)
Thanks 2ndDivisionVet. It doesn't fit the narrative (DNC talking points, which is all the Partisan Media Shills regurgitate), but the narrative doesn't fit reality, and most people (and most voters) have to live with reality.
Don’t forget, the Communist Chinese government owns all those factories. They’re making a huge profit by using slave labor not having strangling government regulations and that huge profit is being used to build their military. And that military is aimed directly at us. We’re taking a double or triple whammy on this trade deficit.
Most fail to think strategically Jim.
Perhaps a saving grace is that a military force is a net drag on an economy...
Try reading Tom Clancy’s “The Bear and the Dragon.” That man had a pretty good handle on Chinese thinking.
Whose “view” is that...the Democrats?
And the media but I repeat myself
We, as a people, need to stop thinking about "them" and concentrate on "us". I personally don't give a sh!t about China, their economy, or their fascist state run media-society. F them all.
“Less cheap junk” isn’t the worst economic policy in the world either.
In fact it looks like a downright recipe for wickedness.
It’s a small thing, but I wish Trump would do something about the international mail agreement that gives the Chinese a huge advantage in mail order business. It’s not just the price of the postage, it shuts the American sellers out of the market. For a one dollar item, it might cost me a few dollars to ship; it would cost a chinaman a few dimes. Guess who gets the business.
“Trump’s trade war advantage: The US economy is ‘firing on all cylinders,’ says expert”
Trump deliberately got the economy going like gangbusters BEFORE taking actions to force our trading partners into engaging in truly fair trade ...
From an economics pov not some psychological pov— soldiers with guns are not farmers with plows
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