Posted on 09/20/2018 10:36:25 AM PDT by 2ndDivisionVet
How so?
He's talking about US businesses getting on his platform to sell directly to the Chinese consumer.
You know, the biggest potential market in the world?
The trade skirmish will be over soon. The important thing is to find a way for the Chinese government to capitulate without losing face. Trump’s goal is NOT to eliminate our trade deficit with China, just to shrink it substantially and to make China play by the rules from that point forward (esp. WRT intellectual property rights). So if Trump can reduce our deficit with China from approximately $500 billion/year to $350 billion, it would amount to a stimulous of $150 billion/year to our economy. Given an economy of roughly $20.5 trillion, an extra $150 billion would add about 0.73% to our growth rate - which would be (to coin a phrase) YUUUUUGE. It would result in literally millions of jobs and tens of billions in extra (taxable) profits, reduce welfare and foodstamp rolls, and help in future negotiations.
Trump is a master negotiator, so I expect that there will be a deal within 3 months or so. He’ll “give up” something that the Chinese leadership can hang their collective (pun intended) hats on to save face, but it’ll be something that he really doesn’t care about much - the big picture is a substantial reduction in the trade deficit, coupled with intellectual property protections. Frankly, it is way past time for China to live up to international norms in trade - if they really want to be a big and serious player in the long term. If they don’t, then there are a bunch of other countries that will be happy to step into their cheap labor shoes while agreeing to reasonable terms. For example, Malaysia, Vietnam, the Phillipines, Indonesia, etc. That’s not even touching India. China HAS competition, its just that it has been easier to deal with one government that can handle most of the world’s cheap labor needs, rather than 10 or 20 nations. China has pushed this advantage to the hilt, but they’ve begun to overplay their hands...and now comes Trump, who knows just how to pressure them to start playing less unfairly.
Thanks, but who wants to work for a Communist Chinese entity? There will be more than a million jobs within the U.S. created by companies founded, and owned by American citizens.
You know how they used to bind the feet of Chinese women? He looks like they bound everything but his head.
That is one strange looking MF.
Trump is costing Chinese billionaires billions of dollars. How will they cope? :)
How did the mob “cope” with the Kennedys?
awesome to see a kommie troll billionaire so “concerned” about Trump ... nonetheless, it’s gratifying that the kommie says “China should focus exports on the “Silk Road” trade route, citing Africa, Southeast Asia and Europe” ... BECAUSE the U.S. would then be massively incentivized to start making all of the stuff here in the U.S. that’s not gonna be imported from China ...
Having said that, if Jack Ma wants to adopt me he should get in touch with my people.
Kennedy probably thought he had more than adequate protection and didn’t seem to think he was in very much danger. I think the reverse is true for Trump.
Ali Baba ripped off the Forty Thieves ...
that was never in the works....the chinses government would not allow that...look also at the price difference in Chinese’s goods and American goods then look at the price of transport. china makes its profit from the fact that on finished goods there mark up is cheap enough that transportation costs are not a problem. you are also assuming that there is a large enough middle class to support the imports..... china has always been showing us the football of being allowed into its markets but like Lucy and Charly Brown none of the foreign corporations are allowed to kick that ball.
This is happening faster than you may think, and all of those US dollars floating around China as a result of their trade surplus will find their way back here sooner or later.
He’s probably moving money, but not all-at-once. Jack Ma WOULD be arrested if he moved $100M out of China over a short period of time. Supposedly a majority of the uber-rich Chinese have places that they can run to if the brown-stuff hits the fan in the PRC.
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