China tries to teach Trump economics

[grassfarmer]

An NY Times article that will challenge the "raw raw" support for Trump's trade war with China here on Agriville.

http://www.nytimes.com/2019/08/08/opinion/trump-china-trade.html?fbclid=IwAR1aMDv117qw_6WT2wq5j0HHZ4eXcf JYGq-MaBezrs-G6GIkIC8mwzMDmOE http://https://www.nytimes.com/2019/08/08/opinion/trump-china-trade.html?fbclid=IwAR1aMDv117qw_6WT2wq5j0HHZ4eXcf JYGq-MaBezrs-G6GIkIC8mwzMDmOE

This quote from the concluding paragraph could likely equally be applied to other parts of the administration.

"His administration has been steadily hemorrhaging people who know anything about economics, and reports indicate that Trump isn’t even listening to the band of ignoramuses he has left."

[15444]

The Endgame: Cut off all trade with China. Watch all American investment and companies flee that country for other countries. Watch China fall into Depression. Watch Chinese people revolt. Watch Chinese people start civil war. Watch Chinese people drag communist leaders out of buildings and shoot them in street like dogs. Eat popcorn.

Liberal left won't support this plan as they are all commie scum like yourself, but most farmers have no problem taking a hit for the country that makes this life possible. As without the US military power, China or Russia would have annexed Canada long ago and people would be bowing to their Ching-Chong masters.

[bucket]

While trump causes issues ...other countries are picking up the slack....

Not Canada because the guy in Ottawa thought he was smarter ...now we can't export to China and Trudeau hates farmers....especially in western Canada. ...

Opportunity lost....sure Trump didn't help,,, but the problems in Canada are mostly Trudeau's fault....

You can't keep pointing fingers at Trump and ignoring Trudeau's part in this...

[SASKFARMER]

I love guys like grass always blaming the USA for all there problems. They never look in the mirror or look east to Ottawa. Trudeau is the problem and our fool ****ed us so hard we’ll never fully recover. But let’s blame trump.

We could of been the main suppliers for canola and oil and making real money not planning Pride parades and bringing in useless fools.

But skippy just keeps skipping and liberals keep on following the fool down the shit hole.

[blackpowder]

Trump might be an ignoramus, but grass misspelled rah, rah.

[bucket]

I love guys like grass always blaming the USA for all there problems. They never look in the mirror or look east to Ottawa. Trudeau is the problem and our fool ****ed us so hard we’ll never fully recover. But let’s blame trump.

We could of been the main suppliers for canola and oil and making real money not planning Pride parades and bringing in useless fools.

But skippy just keeps skipping and liberals keep on following the fool down the shit hole.

Canola oil is still moving to China and the crush margins are great...one reason you won't hear graincos complaining now....

They can blame the market for lower prices ...make great crush margins....and get help from the government in the form of 150 million in export insurance ....

And farmers get ignored because ...

A. The rest of the industry is doing OK

B. Farm group representatives are invisible and silent....

[Hamloc]

An NY Times article that will challenge the "raw raw" support for Trump's trade war with China here on Agriville.

http://www.nytimes.com/2019/08/08/opinion/trump-china-trade.html?fbclid=IwAR1aMDv117qw_6WT2wq5j0HHZ4eXcf JYGq-MaBezrs-G6GIkIC8mwzMDmOE http://https://www.nytimes.com/2019/08/08/opinion/trump-china-trade.html?fbclid=IwAR1aMDv117qw_6WT2wq5j0HHZ4eXcf JYGq-MaBezrs-G6GIkIC8mwzMDmOE

This quote from the concluding paragraph could likely equally be applied to other parts of the administration.

"His administration has been steadily hemorrhaging people who know anything about economics, and reports indicate that Trump isn’t even listening to the band of ignoramuses he has left."

Grassfarmer I am not a fan of Trump and his policies. Having said that I tend to disagree more than agree with the author of your article Paul Krugman. I do think it is alarming as Krugman points out in the article that one country, China, has the ability to dramatically lower the stock market and the market for corn and soy in the U.S. In both Canada and the U.S. we have agricultural economies built to an extent around the export of oilseeds to China. I think that Trump was one of the few world leaders that recognized the influence China was beginning to have in many countries economies but how he has went about trying to change that influence hasn't been that successful, a lone wolf approach won't work. Unfortunately his tariff war is hurting the American consumer more than it is hurting China!

[chuckChuck]

https://www.theglobeandmail.com/business/economy/article-the-us-is-on-a-collision-course-with-china-and-canada-could-get/

The US is on a Collision Course with China and Canada Could Get Hit

The Globe and Mail had an article about Trump and China this weekend as well.

Trump's latest volley of proposed tariffs sent commodity prices and the stock market down last week. Thanks Trump!

China's lower currency values show that they can offset some of the impact of tarrifs.

Regardless of Trudeau or other Canadian politicians, Canada has little influence with China or the US.

Trump thinks he can bully China into a deal, but China has a lot tools to fight back. Neither the Chinese government nor American businesses want a trade war. But Trump persists.

Trump supporters better realize that a prolonged trade war between the US and China will not be good for commodity prices or Canada's economy.

We are now in the era of America first, even if they cut off their nose to spite their face.

[agstar77]

Say this slowly and often, No One Wins A Trade War. F.... Trump.

[chuckChuck]

https://www.theguardian.com/us-news/2019/aug/11/trump-foreign-policy-venezuela-north-korea-iran-results-2020

Why Trump’s 'maximum pressure' foreign policy yields minimum results

The president is heading into 2020 with no major successes and looming crises – so many expect him to attempt to reverse the trend with dramatic deals

[jazz]

While trump causes issues ...other countries are picking up the slack....

This statement should tell everyone they need to know about the US. Why do countries like china or Europe not run to some other countries for their trade if Trump is so mean.

BECAUSE they need the US. They need those rich consumers, they need the banks, they need the currency, they need the financing, they need the technology.

Trump put tariffs on almost $500B of Chinese goods and all we are doing is holding one of their people in house arrest and afternoon shopping. China could announce tomorrow they will get all their ag from Canada. Nope, they need the US more than anything.

[jazz]

chuck and grass are messed if they think the US loses this. In just a few years the US has cut off chinas path to super power.

https://www.bloomberg.com/news/articles/2019-08-11/trump-is-making-xi-s-superpower-2050-plan-tougher-by-the-day Trump Is Making Xi’s Superpower 2050 Plan Tougher by the Day

If you don't want to read it all, I will summarize. The US consumer is 6-10 times richer than the Chinese one. For china to convert to a domestic economy that gap needs to close fast and with their GDP edging downward to something half of what they were used to, China will need massive stimulus to keep it going. They will hit the middle income trap well before their domestic economy can take off and likely with a debt burden several times what the US has.

[AlbertaFarmer5]

I find it ironic that supporters of Communist China like to point out that they are playing the long game, and making plans for far into the future, as opposed to our just in time, instant gratification society.

Then, when decisions are made by US which will and are causing short term pain, in exchange for long term prosperity, no credit is given for this foresight.

And the US is free to cut off their own nose to spite their face, uniquely in the world, a newly energy independent US can afford to do so. They uniquely in the world can afford to pay their farmers billions of borrowed dollars to compensate them for damage caused by the trade war, amongst countless other frivolous or unnecssary spending and printing, and still have their currency appreciate against all others. I can't even imagine how much it pains the USA haters to have to admit such things, but you can watch it unfold in real time. You don't have to agree with it, but you might as well accept it.

The US has the resources, demographics, population, security, and finances to screw everything up, and still come back smelling like roses. China has none of those things going for it.

[furrowtickler]

https://www.theguardian.com/us-news/2019/aug/11/trump-foreign-policy-venezuela-north-korea-iran-results-2020

Why Trump’s 'maximum pressure' foreign policy yields minimum results

The president is heading into 2020 with no major successes and looming crises – so many expect him to attempt to reverse the trend with dramatic deals

Again ..... Trump Trump Trump ...
WTF is Canada heading into 2020 looking like ??? Worry about home !!!

[blackpowder]

Agree. In 300 years there will likely be a China. Not so sure about us.