Trump's "Trade War" Is Working: US Trade Deficit Collapses

Discussion in 'Politics' started by Tsing Tao, Jun 6, 2018.

  1. Poindexter

    Poindexter

    Did Photoshop crash your computer? :D

    Audited statements or these are paper trades:
    https://www.elitetrader.com/et/thre...-gun-rights-policy.319461/page-3#post-4630497

    https://www.elitetrader.com/et/threads/pope-francis-says-there-is-no-hell.319697/page-5#post-4633714
     
    #21     Jun 9, 2018
  2. #22     Jun 9, 2018
    Tony Stark likes this.
  3. Max E.

    Max E.

    [​IMG]
     
    #23     Jun 9, 2018
    Tom B likes this.
  4. piezoe

    piezoe

    Oh my god! It's from "Infowars"
     
    #24     Jun 9, 2018
    Slartibartfast likes this.
  5. Max E.

    Max E.

    Ive got to admit, while i thought Trump was a complete fucking doofus at first, he seems to be hitting his stride, this is epic, he torches CNN right before he torches all the politicians who came before him. He is nailing it on trade.

     
    #25     Jun 10, 2018
    Optionpro007 and traderob like this.
  6. traderob

    traderob

    i like when he asks who the reporter was with " I should have known, fake news CNN, the worst " , and then he gives an absolutely brilliant, detailed reply, and ends with ' so you can tell that to your fake friends at CNN..."
     
    #26     Jun 10, 2018
    LacesOut and Max E. like this.
  7. Max E.

    Max E.


    Yeah the guy thought he was going to be a big shot and take Trump down, and he just got destroyed. Soooo funny! Reminds me of the asswhipping Jim Acosta takes on a daily basis :)
     
    #27     Jun 10, 2018
  8. Cuddles

    Cuddles

    Max, buddy, you're confusing winning a debate with shit talking someone down. Sure it "looks" strong, but you're not winning the argument at all. Not to mention he just spewed a bunch of bull.

    Be fair to our farmers and bring down your tariffs, you know, the dairy farmers we subsidize? But don't dare sell your subsidize planes in our turf w/o expecting tariffs.
     
    #28     Jun 10, 2018
  9. Piptaker

    Piptaker


    https://www.nytimes.com/2018/06/09/...trump-g7-nafta.html?smid=tw-nytimes&smtyp=cur


    tarriffs.jpg
     
    #29     Jun 10, 2018
  10. Max E.

    Max E.

    Hes coming at it from a position of strength, he knows it and all the other countries know it too, they can either negotiate it and try to lower the trade deficits or they can fuck off. What bartering chips do the other countries have? Every single one of them other than maybe Canada, are running huge trade surpluses against the U.S. What are they going to do? Torpedo their own economies? The bottom line is that Trump and the U.S. have all the power right now............ Its pretty easy to step away from a trade situation where you are losing money, all you have to do is say goodbye.

    These other countries on the other hand are going to try to posture to hold on too as much of the trade imbalance as they can keep, but at the end of the day they all know it would be a disaster to quit trading or start a trade war with the U.S., cause they are the only ones who stand to lose.

    Whats China going to do? walk away from a 500billion dollar surplus? There is a reason why this is getting hashed out now, for all the grandstanding everyone is doing, everyone knows the metrics, and so long as Trump keeps standing his ground, every other country will be the ones who lose, because they have a choice to either lose A SHIT TON, or else lose a little less.

    I dont suspect any of these Trade imbalances will end up fair (i.e. 1 to 1) but if Trump can carve out a few billion from every country and 100 billion from China, its still a huge addition to the U.S. economy.

    Trump knows this and so do all of them.

     
    Last edited: Jun 10, 2018
    #30     Jun 10, 2018