enhanced_deficit
05-21-2018, 10:55 AM
How did this happen... we were supposed to easily win the trade war with China and summit war with NK given high negotiation expertise of our historic leader?
First this surprise reversal:
In About-Face on Trade, Trump Vows to Protect ZTE Jobs in China
May 13, 2018
President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!
— Donald J. Trump (@realDonaldTrump) May 13, 2018
https://www.nytimes.com/2018/05/13/b...sanctions.html (https://www.nytimes.com/2018/05/13/business/trump-vows-to-save-jobs-at-chinas-zte-lost-after-us-sanctions.html)
https://cdn2.hubspot.net/hubfs/2221756/trump-zte-ban-schiff-response.png?t=1526591645297
And now this:
US-China trade agreements are ‘face-saving’ and ‘lose-lose,’ says Moody’s chief economist
Triumphant tones coming from the White House over the weekend are 'face-saving', Moody's chief economist said Monday.
Trade experts have argued that Chinese demand for U.S. products will not sufficiently increase to the point where it would significantly up its purchases of American goods.
U.S. Treasury Secretary Steven Mnuchin announced Sunday that a looming trade war was "on hold" as the world's two largest economies work toward reducing the U.S.-China trade deficit.
Natasha Turak | @NATASHA (http://www.ronpaulforums.com/member.php?u=12111)Turak
Published 2 Hours Ago
US doesn't know what it wants from trade war with China: Moody's Analytics 8 Hours Ago | 03:52
(https://www.cnbc.com/video/2018/05/21/us-doesnt-know-what-it-wants-from-trade-war-with-china-moodys-analytics.html)
Triumphant tones coming from the White House over the weekend are inconsequential, Moody's chief economist said Monday, deflating hopes that the U.S. is gaining major ground in its negotiations with China aimed at averting a trade war.
"I think it's a lose-lose. There are no winners here," Mark Zandi told CNBC's "Squawk Box Europe" on Monday. "This is face-saving, because clearly they're not going come to terms on anything — at least, not in the near-team."
Zandi was referring to Treasury Secretary Steven Mnuchin's announcement Sunday that a looming trade war was "on hold" as the world's two largest economies agreed to drop their tariff threats and discuss parameters for a wider trade agreement.
https://www.cnbc.com/2018/05/21/us-china-trade-agreements-are-and-lose-lose-says-moodys-economist.html
Related
Trump helps sanctioned Chinese phone maker after China delivers a big loan to a Trump project (https://www.vox.com/policy-and-politics/2018/5/15/17355202/trump-zte-indonesia-lido-city)
Trump stands to gain from an Indonesian project that got a $500 million loan right before he flip-flopped on ZTE.
May 15, 2018
Trump is ceding too much to China on trade
President Trump's tough-guy persona is taking a beating from China, judging from the reaction of some of his allies on Capitol Hill and in the trenches of the ...
The Washington Post
today
Did North Korea just yank the football — and Trump's Nobel Prize — away? (http://www.ronpaulforums.com/showthread.php?522302-North-Korea-threatens-to-cancel-summit-with-Trump&p=6629671&viewfull=1#post6629671)
First this surprise reversal:
In About-Face on Trade, Trump Vows to Protect ZTE Jobs in China
May 13, 2018
President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!
— Donald J. Trump (@realDonaldTrump) May 13, 2018
https://www.nytimes.com/2018/05/13/b...sanctions.html (https://www.nytimes.com/2018/05/13/business/trump-vows-to-save-jobs-at-chinas-zte-lost-after-us-sanctions.html)
https://cdn2.hubspot.net/hubfs/2221756/trump-zte-ban-schiff-response.png?t=1526591645297
And now this:
US-China trade agreements are ‘face-saving’ and ‘lose-lose,’ says Moody’s chief economist
Triumphant tones coming from the White House over the weekend are 'face-saving', Moody's chief economist said Monday.
Trade experts have argued that Chinese demand for U.S. products will not sufficiently increase to the point where it would significantly up its purchases of American goods.
U.S. Treasury Secretary Steven Mnuchin announced Sunday that a looming trade war was "on hold" as the world's two largest economies work toward reducing the U.S.-China trade deficit.
Natasha Turak | @NATASHA (http://www.ronpaulforums.com/member.php?u=12111)Turak
Published 2 Hours Ago
US doesn't know what it wants from trade war with China: Moody's Analytics 8 Hours Ago | 03:52
(https://www.cnbc.com/video/2018/05/21/us-doesnt-know-what-it-wants-from-trade-war-with-china-moodys-analytics.html)
Triumphant tones coming from the White House over the weekend are inconsequential, Moody's chief economist said Monday, deflating hopes that the U.S. is gaining major ground in its negotiations with China aimed at averting a trade war.
"I think it's a lose-lose. There are no winners here," Mark Zandi told CNBC's "Squawk Box Europe" on Monday. "This is face-saving, because clearly they're not going come to terms on anything — at least, not in the near-team."
Zandi was referring to Treasury Secretary Steven Mnuchin's announcement Sunday that a looming trade war was "on hold" as the world's two largest economies agreed to drop their tariff threats and discuss parameters for a wider trade agreement.
https://www.cnbc.com/2018/05/21/us-china-trade-agreements-are-and-lose-lose-says-moodys-economist.html
Related
Trump helps sanctioned Chinese phone maker after China delivers a big loan to a Trump project (https://www.vox.com/policy-and-politics/2018/5/15/17355202/trump-zte-indonesia-lido-city)
Trump stands to gain from an Indonesian project that got a $500 million loan right before he flip-flopped on ZTE.
May 15, 2018
Trump is ceding too much to China on trade
President Trump's tough-guy persona is taking a beating from China, judging from the reaction of some of his allies on Capitol Hill and in the trenches of the ...
The Washington Post
today
Did North Korea just yank the football — and Trump's Nobel Prize — away? (http://www.ronpaulforums.com/showthread.php?522302-North-Korea-threatens-to-cancel-summit-with-Trump&p=6629671&viewfull=1#post6629671)