Xi and Putin have met more than a few times these last couple of years. As RAGS alludes to, Hitler and Stalin did have one immediate goal: Take and divide up Poland. Both Asian superpowers have a common interest: To knock the United States down a couple of pegs. IF, just IF China and Russia made their moves on Taiwan and Ukraine at the same time, what could, what would the U.S. do?
Donald Trump, the American president from 2017 to 2021, said he knew more about trade than most economists and foreign-policy experts. “Trade wars are good, and easy to win,” Trump famously declared in 2018. He described himself as a “Tariff Man” and proved it by imposing new tariffs on hundreds of billions of dollars of U.S. imports, to be paid by the American firms buying those goods.
Trump’s dubious logic was that making imports costlier to Americans would hurt the foreign sellers and give him leverage he could use to demand concessions. His biggest target, of course, was China. Trump added new tariffs on about $450 billion worth of U.S. imports from China, while China, predictably, retaliated with similar penalties on U.S. imports. The escalation rattled financial markets in 2018 and 2019 and ultimately led to the “Phase One” trade deal between the two countries, signed on Jan. 15, 2020.
New trade data for 2021 shows that China came nowhere near fulfilling its commitments in the 2020 phase one deal, with U.S. exporters ending up worse off than they would have been had Trump done nothing on trade. Analysis of trade data by Chad Bown of the Peterson Institute for International Economics found that during the first two years covered by the trade deal—2020 and 2021—China purchased just 57% of what it had committed to in the trade deal. China said it would buy at least $502 billion of U.S. goods during those two years. Yet total purchases added up to just $289 billion.
If there had been no Trump trade war, and no tariffs, U.S. exports to China would have been $119 billion more than actual levels from 2018-2021, if the U.S. share of Chinese imports had simply remained constant.
Radish the wordsmith over 2 years ago
And they will both be against the USA.
brwydave Premium Member over 2 years ago
I’ll bet they still have fairly large troop formations stationed on their common border.
B 8671 over 2 years ago
Must have been what Hitler and Mussolini were like.
StackableContainers over 2 years ago
Anti-American countries as an external threat. Anti-American Republicans as an internal threat. The United States is in a lot of trouble.
charliekane over 2 years ago
Former guy was a piker. Tryin’ to extort back scratchy favors from poor ol’ Ukraine.
RAGs over 2 years ago
They remind me of the pact Hitler and Stalin made in WWII.
moosemin over 2 years ago
Xi and Putin have met more than a few times these last couple of years. As RAGS alludes to, Hitler and Stalin did have one immediate goal: Take and divide up Poland. Both Asian superpowers have a common interest: To knock the United States down a couple of pegs. IF, just IF China and Russia made their moves on Taiwan and Ukraine at the same time, what could, what would the U.S. do?
Radish the wordsmith over 2 years ago
Trump’s trade war was a total flop
Donald Trump, the American president from 2017 to 2021, said he knew more about trade than most economists and foreign-policy experts. “Trade wars are good, and easy to win,” Trump famously declared in 2018. He described himself as a “Tariff Man” and proved it by imposing new tariffs on hundreds of billions of dollars of U.S. imports, to be paid by the American firms buying those goods.
Trump’s dubious logic was that making imports costlier to Americans would hurt the foreign sellers and give him leverage he could use to demand concessions. His biggest target, of course, was China. Trump added new tariffs on about $450 billion worth of U.S. imports from China, while China, predictably, retaliated with similar penalties on U.S. imports. The escalation rattled financial markets in 2018 and 2019 and ultimately led to the “Phase One” trade deal between the two countries, signed on Jan. 15, 2020.
New trade data for 2021 shows that China came nowhere near fulfilling its commitments in the 2020 phase one deal, with U.S. exporters ending up worse off than they would have been had Trump done nothing on trade. Analysis of trade data by Chad Bown of the Peterson Institute for International Economics found that during the first two years covered by the trade deal—2020 and 2021—China purchased just 57% of what it had committed to in the trade deal. China said it would buy at least $502 billion of U.S. goods during those two years. Yet total purchases added up to just $289 billion.
If there had been no Trump trade war, and no tariffs, U.S. exports to China would have been $119 billion more than actual levels from 2018-2021, if the U.S. share of Chinese imports had simply remained constant.
https://www.msn.com/en-us/money/markets/trump-s-trade-war-was-a-total-flop/ar-AATCSUY?ocid=msedgntp
the geeezer over 2 years ago
By the way , why is there no discus on comics kingdom – anybody know ??