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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jamie153 who wrote (1159698)	8/26/2019 11:31:36 AM
From: Sdgla	Read Replies (1) \| Respond to of 1576884

Tariffs force Red China to talk trade In President Donald John Trump, Chairman Xi has met his match. Whilst the American press misreported President Trump's tariffs as irresponsible, Chairman Xi woke up with the horsehead in his bed. Overnight, Red China seems to have capitulated. He realizes that The Donald likely will remain president for the next five years. Despite Xi's ability to look long term, he also realizes 5 years of economic recession causes unrest among the middle class, which has grown in the 30 years since Tienanmen Square. Fox News reported, "China signaled on Monday it was now seeking a calm end to its ongoing trade war with the U.S., as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration." I don't care who you are, a half-trillion smackers is a lot of money to cover. President Trump can cover it, of course. He is playing with the bank's money, as he said last summer. Add a point to unemployment? It's still below what Obama left him. Stocks drop another 10%? They would still be up 30% since we elected Donald John Trump president. The Fox News story said, "Asian shares tumbled early Monday, with Japan's benchmark Nikkei 225 started plummeting as soon as trading began and stood at 20,234.87 in the morning session, down 2.3 percent. Australia's S&P/ASX 200 slipped 1.5 percent to 6,427.20. South Korea's Kospi lost 1.7 percent to 1,916.14. Hong Kong's Hang Seng dropped 3.3 percent to 25,309.37, while the Shanghai Composite was down 1.2 percent at 2,862.87. "The yuan also slipped to 7.1487 to the dollar, weeks after the Treasury Department formally designated China a currency manipulator. The Treasury Department said it will work with the International Monetary Fund to try to rectify the 'unfair competitive advantage created by China’s latest actions.'" That is the problem a communist country. It cannot play with the bank's money because it is the bank. The American media may be siding with Red China, but Democrats are not so foolish. The Fox News story said, "Sen. Lindsey Graham, R-S.C., said on Sunday that Democrats should not criticize Trump for taking on China over trade as they have complained for years about Beijing’s policies but done nothing. Senate Minority Leader Chuck Schumer, D-N.Y, for example, has urged Trump to fight China aggressively." The trade deficit was a bipartisan flustercuck. Graham said, "Every Democrat and every Republican of note has said China cheats. The Democrats for years have been claiming that China should be stood up to, now Trump is and we’ve just got to accept the pain that comes with standing up to China." The pain will be small and short-lived because Red China unwittingly is addicted to a trade surplus with the USA. A good compromise would be to cut the imbalance in half.