Jimmy Carter, Trump discuss administration’s China trade talks President Donald Trump made a rare phone call to one of the few men who ever has been in his position: former President Jimmy Carter. It was the first telephone conversation between the two members of the exclusive president’s club and focused on US-China trade negotiations, the White House confirmed in a statement, which referred to the correspondence as a “very good telephone conversation.” Carter wrote Trump “a beautiful letter” about the ongoing negotiations, the White House said, and the presidents also discussed “numerous other topics.” “The President has always liked President Carter and first lady Rosalynn Carter, and extended his best wishes to them on behalf of the American people,” the White House said. Carter confirmed the phone call while delivering his regular Sunday school lesson at his home church in Plains, Georgia, on Sunday, according to WABE. Carter said it was the first time the two have spoken and said that Trump was particularly concerned with how China is “getting ahead of us.” The former president said he agreed. “And do you know why? I normalized diplomatic relations with China in 1979. Since 1979 do you know how many times China has been at war with anybody? None. And we have stayed at war,” he said according to WABE. Trump and Carter have had enjoyed a warmer relationship than the current president and any other living president since taking office. Carter has shown Trump support on a number of issues, particularly on North Korean talks. In 2017, Carter told The New York Times that the media was “harder on Trump than any other president certainly that I’ve known about.”
So when last have you heard Trump talk about how tired you're gonna be about winning ? Trump’s Trade War With China Doesn’t Look Like a Win Prevailing against a fast-growing country run by autocrats isn’t so easy. In March 2018, President Donald Trump uttered his famous declaration that “trade wars are good and easy to win.” A little more than a year later, it looks as if Trump is losing the trade war he started with China. The tariffs that Trump slapped on Chinese goods -- and the additional tariffs he threatened -- may have dinged China’s economy. Most data sources indicate that Chinese growth slowed a bit in 2018. That dip could have been due to government efforts to constrain credit growth, but many believe that Trump’s tariffs hurt business confidence and slowed investment. That makes sense, since any company thinking about making their products in China would have to worry that Trump would make it hard to sell those products in the U.S. The trade war has given multinationals an incentive to accelerate their plans to shift production out of China, and has probably made Chinese companies more cautious as well: But the U.S. was also sideswiped by the trade war. Taxing Chinese-made products raised prices for American consumers and factories alike. A pair of studies by trade economists put the losses to the U.S. economy in the tens of billions of dollars annually. And that doesn’t count the impact of Chinese retaliation. Although the U.S. runs a trade deficit with China, it still exports almost $200 billion a year to that country. Chinese tariffs hit American farmers hard, as the country halted most imports of soybeans from the U.S.: Inventories piled up. U.S. agricultural exports, which had been growing exponentially, started to fall, and farm incomes declined. Desperate farmers appealed to Trump for help, and he responded with a wave of direct payments to farmers. But going on the government dole isn't a sustainable business model, and a wave of farm bankruptcies has begun. So far, farmers haven’t abandoned Trump politically, but the threat is clearly there. This demonstrates why China was always in a better position to win a trade war with the U.S. China’s autocratic regime is much less vulnerable to the shifting winds of politics than the U.S.’s democratically elected politicians. Also, China much more recently escaped from poverty, and its residents are more accustomed to enduring economic hardship. And since China is still catching up with the rest of the world, a slowdown there means going from 6.5 percent annual growth to 6 or 5.5 percent, while a slowdown in the more mature U.S. economy means a significant hit or even a halt to growth. trade truce with China, enacted in late 2018, left most of the U.S.’s biggest goals -- intellectual property theft, currency manipulation, forced technology transfer and access to the Chinese market -- unfulfilled. Essentially, China will buy more U.S. farm products and a few other exports, and Trump will back off. A final deal is likely to look even more like an ignominious defeat for the Trump administration. Meanwhile, there are signs that the Chinese slowdown has bottomed out, as the government unleashes some fresh stimulus. https://www.bloomberg.com/opinion/a...-trade-war-with-china-doesn-t-look-like-a-win
He doesn't say it anymore. He's getting more humility as he grows more presidential. He lets his actions do the talking.
Pretty self-explanatory here. WINNING!!! https://freebeacon.com/politics/rashida-tlaib-calls-for-hunger-strikes-to-shut-down-ice/
more winning? William Weld for GOP 2020 to keep Steven Mnuchin for he is the only one who understands the knots he has tied!
China is fucked. Just been visiting customers there and they are as fucked as they have been in decades. Totally fucked. I’m not happy about that but they need to make some hard choices. Trump and Merica hold the majority of the cards here.
Lotte head meets Trump, commits another $840m in Louisiana New plans add to the $3.1bn the South Korean group has already invested KIM JAEWON, Nikkei staff writer May 14, 2019 19:46 JST U.S. President Donald Trump welcomes the Lotte Group contingent to the White House. (Courtesy of Lotte) SEOUL -- The chairman of South Korean conglomerate Lotte Group met with U.S. President Donald Trump at the White House on Monday, promising to pour more than 1 trillion won ($842 million) into Louisiana, on top of $3.1 billion it had already injected in a chemical project there. Trump welcomed Shin Dong-bin to the White House after Lotte Chemical established an ethane cracking center in Lake Charles, Louisiana, last week. The site will produce 1 million tons of ethylene and 700,000 tons of ethylene glycol per year. Lotte said the additional investment will be used to expand the ethane cracking center as it plans to produce 400,000 more tons of ethylene later. "Great to welcome Chairman Shin from Lotte Group to the WH," Trump tweeted after the meeting. "Thousand more jobs for Americans. Great partners like ROK know the U.S. economy is running stronger than ever!" The meeting comes at a time of heightened tensions between the the U.S. and China. Washington announced Monday its plans to impose a 25% tariff on more than $300 billion of imports from China, including smartphones and laptop computers, after Beijing said that it would raise tariffs on $60 billion of American goods. On Friday, the Trump administration hiked tariffs to 25% from 10% on $200 billion of Chinese imports. Lotte was once a big investor in China, operating 99 discount chain stores in Beijing and Shanghai, but withdrew most of its investments after Chinese authorities punished the company for alleged fire safety violations. But markets watchers believe that Beijing's hostility was provoked by Seoul's deployment of a U.S. missile defense system in 2016 on a Lotte golf course. As a result of frostiness in China, Lotte expanded its investments in the U.S. and Vietnam, buying hotels and developing shopping centers including The New York Palace Hotel and Lotte Center Hanoi. Analysts said that Lotte's investment in Louisiana was shrewd as the company will not have to pay any corporate tax thanks to competition between U.S. states to attract foreign money. "We estimate the project is efficient economically because it enjoys corporate tax exemption as U.S. states such as Texas and Louisiana compete to offer better deals," said Lee Dong-wook, an analyst at Kiwoom Securities. "We expect its operating profit margin will reach over 20%, considering cheap ethane and full operation of the facilities." Trump and Shin also discussed the Lotte New York Palace Hotel which the conglomerate bought from Northwood Investors of the U.S. for $805 million in 2015. The president asked the chairman to take good care of the hotel as it was a good investment, Lotte said. The hotel hosted many global events last year, including summits between South Korean President Moon Jae-in and Trump as well as between Japanese Prime Minster Shinzo Abe and Trump. "We are cooperating with many U.S. partners for sharing technology and knowhow as well as creating synergies," said Lotte in a statement. "We plan to expand investments in projects which contribute to economic cooperation between South Korea and the U.S. and job creation."