New tariffs in place on more than $100 billion worth of Chinese goods leave some top Republicans worried the trade war could trigger an election-year recession. President Donald Trump responded on Fox News Radio to Pennsylvania Sen. Pat Toomey's concerns. #CNN #News
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One that is seldom talked about is US companies in China are generating revenue of over $350 billion annually (and with profit generated growing at 11% compounded yearly) selling to the Chinese market, and US service trade surplus with China of $50 billion. Combined greater than the merchandise trade deficit of the US vs China.
Other Chinese, Asian and European companies are waiting to take over these when the time comes for China to squeeze these two sectors.
Well put!
—Trump floundered for a way out of his catastrophic trade war with China. Sounding like a Soviet central planner, he tweeted on Aug. 23: “Our great American companies are hereby ordered to immediately start looking for an alternative to China.” The same day, he called Xi an “enemy.” Within three days, he was calling Xi “a great leader” and a “brilliant man” and claiming he had received two phone calls from Beijing to restart talks. Chinese officials did not confirm any such calls, and two Trump aides told CNN he had lied to calm markets.
—Trump tried to get Vladimir Putin readmitted to the G-7 and blamed former president Barack Obama — rather than Russia’s invasion of Ukraine — for the Russian president’s exclusion. The administration is also slow-walking military aid to Ukraine, continuing Trump’s kowtowing to the Russian dictator who helped elect him.
—Trump suggested he might hold the next G-7 meeting at his troubled Doral resort. This would be a clear use of the president’s powers to enrich himself in violation of the Constitution’s emoluments clause.
—Trump was reported to have asked subordinates about using nuclear bombs on hurricanes. Trump denied this Axios article as “fake news,” meaning it’s probably true.
—Trump promised to pardon subordinates who broke the law to build a border wall. This is another impeachable offense. The only defense that White House officials could muster was that Trump was joking. Are you laughing? I’m not.
Don’t forget now blaming American business leaders for being terrible at their jobs for the slow down …WTF is wrong with him ???
@Marc Ridge he could care less about anyone but himself if you wanna hurt Trump stop money from flowing to him and he’ll go crazy.
Why is Trump pushing the US into a recession?
@Muhammad was a pedophile caravan robber
Oh gawd….you’re not a bright child,…are you, Eh sonny?
@Tucker Carlson SillyTuckerzaSillyFcuker
He was brought in to sink America and is doing that accordingly…
Conservatism is always spot on backwards..
Making America Garbage Again
Savedby Grace …Ding! Ding! Ding!
You are correct, but most Americans don’t think critically enough to grasp why and what you just said…
No wonder he’s the King of Bankruptcy…keep up the good work.
Tucker Carlson They don’t like stats. There was also a story in NEWSWEEK in 2015 after he announced he was running that posed the question, IS TRUMP AS successful as he claims. So they showed that the Trump Organization made 650 million ish and had a PROFIT of I think 380 million, it was 300 something. Which showed a profit % greater than Apple, Pfizer and many other BIG companies. Not MORE MONEY, but a great % of profit. Another thing people tend to forget, when someone re-does their home loans for a better rate or to extend it back to 30 so it’s less payment, that is essentially what Trump was doing when filling Chapt 11. People need to look up and see what he did to try and avoid bankruptcy, but they won’t.
Not one Trump-branded product is made in the US, not one.
@Chadillac
Mexico will pay for the wall…
I will protect pre-existing conditions…
I am not separating children at the border…
I am an environmentalist…
The tax cut is for the middle class…
I have ZERO ties with Russia…
The murder of Jamal Kashoogi was a rogue operation…
Jews are funding the caravans…
Trade wars are easy to win…
I hire only the best people…
North Korea is no longer a threat…
Do you want more Trump lies? I can go on all day, komrade!
Garry G I’ve got a message for you Libtard, stop buying products from China and start buying product from America creating American jobs GROWING American wages, and increasing Manufacturing in America. Do you go to the gym? I doubt it. It’s called no pain no gain. So Suffer a little bit in the short term to get all the jobs back in America and start punishing the Chinese. Stop building up Chinas middle class and destroying ours…I know you hate America, but for once in your life libturds please please just try just try to put America first will you? more proof that ALL Demtards HATE AMERICA
@Chadillac is that all you got… I dont have the space to write the 10k plus lies Trump has pushed
But to be fair, he does occasionally hire American contractors to build Trump buildings. Not that he pays them, mind you.
Yeah, but he’s killed a lot of his morontocracy….
🤣🤣🤣🤣🤣
Lol, let’s define that. Morontocracy: Government by an idiot and for idiots!
@Chiemeka Nwaogwugwu There is actually a word for that. kakistocracy: government by the least suitable or competent citizens of a state.
Ignoramussism prevails.
Bad management, is kinda what u are doing Mr PRESIDENT.
Joseph Harrington Not like those 15-20 people seeing PEDO Joe huh? hahaha Healthcare plan? Hold on, you cucks LOVE Obamacare. It is STILL there, thanks to that POS McCain, so are you saying Obamacare sucks? Infrastructure is going on all over America. Here in Wisconsin it’s non-stop construction on highways. Along with every state between here and Houston and here to Florida. I have traveled to them both within the last 18 months.
Kelly, not “kinda,” most definitely.
@Don Williams more like pedo Trump who looked at an under age girl and said he will be dating her in a couple of years, who looks at a child and says that? or how he was accused of raping a girl when she was 13 along with Epstein. ACA is still there because Mccain saw that there was nothing to replace it…remember when Trump said the replacement was better and everyone was going to love it? and people said it was bad. when the CBO came out it showed it was bad Trump called it bad and mean. Stop believing a con who spews bs.
Obama good management & Trump bad management? Let’s see the facts : Trump is right. Democrats have let China steal our jobs for decades. President Trump is Winning the trade war with China. How come Fake News CNN did not report it? Also, Trump just made a NEW trade deal with Japan. How come Fake News CNN did not report it? The Asian stock markets just tanked last week and their currency Fell to an 11 year low. How come Fake News CNN did not report it? China is now begging President Trump to come back to the table and negotiate with his MAGA tariffs. How come Fake News CNN did not report it this morning? But Fox News reported all of it.
Democrats hate America first. They want China first.
Obama did NOTHING with China for his entire 8 year term. He let China build up their middle class while he decimated America’s middle class.
Now libturds want to go back to the same old policies that has caused our jobs & manufacturing to be shipped out to China …..again.
Libturdism is a mental disorder
you LIBTURDS are so brainwashed and ignorant, you have no clue what’s going on in the real world.
Liberalism is a mental disorder.
hostile corporate takeover management.
Ranting again over something he started. JACKASS
smollett?
They should have never taught Trump the word “tariff.” Now he uses it like a kindergartner with a new toy. He has no idea what he’s doing.
Trump is right. Democrats have let China steal our jobs for decades. President Trump is Winning the trade war with China. How come Fake News CNN did not report it? Also, Trump just made a NEW trade deal with Japan. How come Fake News CNN did not report it? The Asian stock markets just tanked last week and their currency Fell to an 11 year low. How come Fake News CNN did not report it? China is now begging President Trump to come back to the table and negotiate with his MAGA tariffs. How come Fake News CNN did not report it this morning? But Fox News reported all of it.
Democrats hate America first. They want China first.
Obama did NOTHING with China for his entire 8 year term. He let China build up their middle class while he decimated America’s middle class.
Now libturds want to go back to the same old policies that has caused our jobs & manufacturing to be shipped out to China …..again.
Libturdism is a mental disorder
you LIBTURDS are so brainwashed and ignorant, you have no clue what’s going on in the real world.
Liberalism is a mental disorder.
We have the best economy ever! Much better than any democrat can do for sure. All democrat run cities are garbage 🗑 bins full of homeless drug addicts over taxed and full of free loaders who think they are at a huge company party. Taking everything from the working citizens and contributing nothing. America was intended to be a potluck. Everybody needs to bring something to the table.
Da Nhl1
eight of the poorest US states are governed by alt-right republican nationalist. They gain control of the state through gerrymandering. Then rewrite the laws. For the courts that they have control of.
Elaine Rogers Ok…..read this and tell me should I call CNN Fake News?
Fox News vs Fake news. Why CNN and MSNBC have lost 50% of its viewers and continue to lose more daily
* MSNBC/CNN ~ President Trump had made a financial arrangement with so-called Russian oligarchs = FAKE NEWS
*MSNBC/CNN~ President Trump ordered the USS John McCain ship to be moved during his Japanese visit.~ FAKE NEWS
*MSNBC/CNN ~ President Trump was sending 100,000 troops to the Middle East in response to growing threats from Iran=FAKE NEWS
*MSNBC/CNN ~ Trump removed Martin Luther King‘s bust from the Oval Office =FAKE NEWS
* MSNBC/CNN ~ President Trump issued a Muslim ban=FAKE NEWS
*MSNBC/CNN ~ President Trump caged children at the border= FAKE NEWS
*MSNBC/CNN ~ President Trump worked with WikiLeaks to ‘hack’ Hillary Clinton‘s emails & steal the election =FAKE NEWS
* MSNBC /CNN ~ Covington MAGA hat kids mocked Indian story = FAKE NEWS
*CNN/MSNBC ~ Brett Kavanaugh is a rapist & Drunkard story = FAKE NEWS
* MSNBC/ CNN~ Jussie Smollett hate victim & MAGA hate crime = FAKE NEWS
* CNN/MSNBC ~ Trump colluded with Russia =FAKE NEWS
*CNN/MSNBC ~ there is no crisis at the border = FAKE NEWS
*CNN/MSNBC~ Cohen will Testify that Trump Knew in Advance About the Trump Tower Meeting =FAKE NEWS
*CNN/MSNBC~ Donald Trump Jr. Was Offered Advanced Access to the WikiLeaks Email Archive. =FAKE NEWS
*CNN/MSNBC ~ Trump is going to start a nuclear war with North Korea =FAKE NEWS
* CNN/MSNBC ~ Trump has no path to 270 electoral votes to be President =FAKE NEWS
*CNN/MSNBC ~ If Trump is elected President the economy will crash =FAKE NEWS
*CNN/MSNBC ~ Trump campaign was NOT spied on by Obama =FAKE NEWS
Do you want more?
This president inherited a strong economy and squandered it with pointless tariffs and complete lack of a plan.
I own a fab and welding shop and these tariffs are KILLING ME. Pointless!
Trump is the very definition of what it is to squander any and everything. ..
Damn. And it doesn’t need to be like this. It’s all about ego and bluster.
Rob C I own a Machine shop and I am flourishing. maybe it’s YOU . What STRONG economy did he inherit? If it was SO GREAT, why was Obama’s last 4 GDP’s not amazing? he had 1 that was 2.2%. More people than ever on Assistance, yet the economy was great? how does that work?
@Don Williams There will be always some companies that flourish regardless, that is not axiomatic of the true problem. Even during the Great Depression there were some companies that flourished, was that axiomatic of what was happening everywhere else?
‘Bad management’, says the guy who can’t fill his office positions and bankrupted several casinos. LOL!
João Santos
1991: Trump Taj Mahal. (Bankrupted)
1992: Trump Castle Hotel & Casino. (Bankrupted)
1992: TrumpPlaza Casino. (Bankrupted)
1992: Trump Plaza Hotel. (Bankrupted)
2004: Trump Hotels & Casino Resorts. (Bankrupted)
2009: Trump Entertainment Resorts (Bankrupted)
2019: American farmers( bankrupted)
2019 : United States of America ( future Bankruptcy / RECESSION )
Trump FAIL businesses:
Trump airline
Trump ice water
Trump the game
Trump casino
Trump magazine
Trump mortgage
Trump steak
Trump travel site
Trump comms company
Trump tower Tampa
Trump university
Trump vodka
Tour de trump
The New Jersey generals football team
Trump on the ocean
Trump network
Trump radio show
Trump media
Trump foundation (fraud)
American communication network( pyramid scheme)
Now United States of America
If you see this and are willing to say it, why do you think that the politicians and media won’t say this obvious truth ???
The US government is corrupt and they sold out American citizens. The Corporations went overseas for cheap labor and big Corporate Profits. The US also allowed intellectual property to be manufactured in China. They send these phones home and sell them to Americans for 1000.00$$$. Trump blames migrants for stealing jobs, but the truth is the US government sold the American citizens out. Corporate/Capitalism greed at it’s finest. The Republicans have been giving tax cuts to the rich and Corporations and giving them subsidies and they move out with our tax money and screw over the people who worked for these companies. It’s not rocket science, it’s comman sense. People need to research on Independent Media and read Independent Journalism to learn more about this. Corporate Media will never tell you, because they are part of the propaganda machine.
Bad management says the man who bankrupted 6 times
Libturds can’t cuck Tuck…
Donald Trump is a billionaire…..
billionaires don’t go bankrupt … but libturds do all the time. Lol
Just Five ‘chapter 11’ bankruptcy’s is ONLY on the “unprofitable” casinos.
Donald Trumps other 511 businesses that Donald Trump owns are fabulously successful. I’m here to educate you cucks
*Trump Tower: $371 million
*Niketown: $390 million
*1290 Avenue of the Americas: $409 million
*Trump Park Avenue: $177 million
*Trump International Hotel and Tower, Central Park West: $38 million
*Trump Parc / Trump Parc East: $88 million
*40 Wall Street: $345 million
*Trump World Tower: $27 million
*Spring Creek Towers: $25 million
*Trump Plaza: $13 million
*Additionally, Trump owns the Trump Tower Penthouse. Serving as his personal residence, the space is worth $90 million.
*Trump owns 100 percent of his hotel management and licensing business, which spans the globe.
net value of $123 million and $0 in debt.
*Mar-a-Lago~Forbes estimates that the private resort, which doubles as Trump’s home away from home, is worth $150 million.
*Golf Courses~
Trump owns a network of golf resorts stretching across the globe. Net worth ~$675 million
*Trump boasts about two dozen deals across the world, including holdings in Toronto, Hawaii, Istanbul, Mumbai, Dubai and the Philippines. Net worth ~$14 million.
Lol…just like when he said that coast guard families were happy about not getting their paycheck..and wanted him to do that…
Bipolar trump..
China’s gonna wait it out until the president is gone.
I agree. China wants a libturd President back so he will take Tariffs back & let China keep all of their massive Tariffs on our US products we ship to them. Continuing to steal our intellectual properties, & ripping us off and growing China’s middle-class while continuing to decimate America’s middle class.
Let’s go back to the same “do absolutely nothing with China for the past 40 years,” leftists policies
Go out & vote blue. Put China first and America last .
I agree with Trump about bad management. It’s Trump’s bad management that’s causing all the turmoil.
Casinos print money, how do you bankrupt a casino? Ask Trump.
Chins isn’t stealing our intellectual property. We gave them access for it from a trade deal. For him to call himself a genius, he needs to learn his history. 🤦🏾♂️
Amateur hour continues, unabated.