Posted on 04/06/2018 11:43:15 AM PDT by Mariner
President Trump says in a new interview that tariffs targeting China over intellectual property theft could cause some "pain" in the U.S. economy, but promised that America would emerge stronger as a result.
"I'm not saying there's not gonna be any pain," Trump said Friday in an interview with "Bernie & Sid in the Morning" on 77 WABC in New York City.
He also acknowledged the initial reaction from markets is likely to be negative.
They “could lose a little bit," he said.
Dow Jones industrial average futures plummeted on Thursday after news broke that Trump has asked officials in the administration to prepare tariffs on another $100 billion of imports from China, escalating a fight with Beijing.
Futures on the index fell 222 points, suggesting the market would open down 271.22 points on Friday, CNBC reported.
(Excerpt) Read more at thehill.com ...
Or, do they realize the American public is itching for this fight with China...and let the dumb-ass Republicans fight POTUS on their own?
Weaning ourselves from easy money at the expense of our Republic should be a “teachable moment”.
We will survive. Will China?
A little sacrifice today will reap huge benefits tomorrow.
That is the way of personal budgeting, of athletics, of government... of many things in life.
For too long the politicians have promised us instant gratification instead of investing for the future. It has cost us dearly.
Trump is demonstrating leadership with real vision.
From "The Week" How China Can Win a Trade War in One Move
“Shooting yourself in the foot will make you much stronger.”
The rest of the world is footless.
Trump is demonstrating leadership with real vision.
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Yes, he is.
The Dems have nothing good or positive for America to offer and more and more of their sheep are realizing that.
I will absolutely be happy to pay more for American made products.
Of course Trump is right. This is the best course of action after China has taken advantage of us for decades with absolute impunity.
Having said that, Trump is making a huge mistake here.
As we have seen the corrupt MSM and Democrats (same) are amplifying the fear of all this. The markets are reacting. These same corrupt entities are actually telegraphing to China what their next move should be to cause the most pain, and therefore the most damage to America. That is what the left does.
Trump has been in office over a year now. He has never had a fireside chat with Americans. Why not. Now is the time for Trump to get in Prime Time and lay out for the American people what he is doing and why it is vital to the country. Right now Trump has ceded the narrative to those in this country who despise Trump and are more than willing to allow our country get seriously damaged.
This may escalate into a trade “war”. As a result, it is incumbent upon the President to prepare the country and outline his vision. Prepare the country for short-term pain and show the benefits to long-term success.
He is the Commander-in-Chief and he needs to get before the American people and lead.
Let me ask you something.
Who has the upper hand?
1. The guy who owes you $100,000
2. The guy you owe $100,000 to
If the country can stick together...can America stay United for more than 24hrs? That’s the real question
Trump can win. But will he be in office long enough to do so? The next POTUS could undo everything.
The US has the ability to produce all the rare earth metals for the entire world.
All we need to do is fire up our own capacity.
“Now is the time for Trump to get in Prime Time and lay out for the American people what he is doing and why it is vital to the country.”
Agreed.
What doesn’t kill you....makes you stronger.
American business has to see the long-term value in not allowing China to continue to steal our stuff.
I’d say Trump is right on this one. CNN and MSNBC are going nuts so I would say he is doing the right thing.
But when you make off the wall comments, like the $100B and Kudlow found out when he said it, just zip it. JMO.
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