It is good to see the Fed and China standing up to Trump the big bully.
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Should he run for a second term ?
- Thread starter Wunderfool
- Start date
Undeniably, he is best bully POTUS of all times.
China on Saturday said it would continue fighting the trade war with the US “until the end” after the two sides slapped further tariffs on each other’s goods.
A sharply worded commentary by official mouthpiece People’s Daily said China had the strength to continue the dispute and accused Washington of sacrificing the interests of its own people.
“China’s will to defend the core interests of the country and the fundamental interests of the people is indestructible, and will not fear any challenge,” the commentary said.
“History will prove that the side on the path of fairness and justice will have the last laugh.”
On the other side :
Brian Dodge, chief operating officer of the Retail Industry Leaders Association, said Trump’s continued escalation of tariffs had already rattled the US market.
“Mr President, we implore you to end this trade war before the damage is irreversible,” he said. “If uncertainty spreads from Wall Street to Main Street, the record expansion we’re enjoying will undoubtedly come to an end and it will be the American consumer, not China, who will suffer.”
In the meantime, US industry associations were left trying to defend their supply chains with China.
“For two and a half years we have been promised a new and innovative approach, yet what we’ve been given is a 1930s trade strategy that will be a disaster for American consumers, American businesses and the American economy,” Rick Helfenbein, president of the American Apparel and Footwear Association, said soon after Trump announced his latest tariff moves.
“Meanwhile, the president has said he wants American businesses to stop working in China, yet he doesn’t seem to understand that moving a supply chain is incredibly complicated and expensive,” Helfenbein said.
“It takes years to build relationships that meet compliance standards and deliver quality products, yet we have been given weeks and in this case days.”
Actually, no... I made money from the chaos. Opportunity comes when there is fear and blood on the streets.I smell a loser in here. Someone lost money recently izit? Easy come easy go bro! Don't be bitter. Be better!
But I do not relish on chaos. I believe in peace and stability. Make enough money and any more is of no use if the world is unsafe. Look at Hong Kong 's today... Look at Christchurch, El Paso, Dayton... Do you think the rich are happy there ?
I agree with you except that part of the mess created by previous administration.
I think the world needs a total restart and Trump is the person to deliver. We need a Great Depression to reset the economies and wealth distribution globally.
Let us have the chaos and the Great Depression.
The best shit stirrer; he is doing a wonderful job. Let the markets go down by 50 percent. Let there be riots on the streets. Let the right and the left kill each other. Let the 80 percent hunt down the twenty percent and kill them.
If those event materializes, it will be better than the Hunger Games.
You are asking for world war 3. I have the inkling that Trump will be the one to trigger it... having found love with President Kim of North Korea.
Hate to disappoint u. But the Jews will make sure he run for the second term.
I have to agree with you only because of Babi. Most American Jews are Democrats. But Israelis under Babi are nuts and sowing the seeds of anti-semitism.
America Great Again?
America is becoming poorer. $1 trillion in deficit, thanks to the tax transfers to the filthy rich. The rich will pay for it one way or the other.
when you owe the bank $1M, its your problem... but when you owe $1T, its the bank problem....
Trump is the best US president since Reagan, and the good ones came from the 'D' party as well e.g. JFK, Andrew Jackson.
Trump will do to the Chicoms what Reagan had done to the Soviet Union. Just watch, and enjoy the show.
Ah yes, the 'tax cuts benefit the rich ('1%')' talk again from a typical libtard/socialist type.
The truth is that the tax cuts help the middle class, the working class. Ordinary people.
Ironically, if you're worried about a 'budget deficit' from the tax cuts, just look at how those libtard/socialist vermins have frittered away taxpayer money on stupid shit e.g. spending on illegal aliens.
Look how stubbornly insensible he is ... He doesn't even know what the International Emergency Economic Powers Act is meant for ... as long as he thinks he can use it to order all US companies to pull out of China , whatever it takes, incorrect law or not, it doesn't matter... as long as it meets his demand.
BIARRITZ, France — President Trump asserted on Saturday that he has the authority to make good on his threat to force all American businesses to leave China, citing a national security law that has been used mainly to target terrorists, drug traffickers and pariah states like Iran, Syria and North Korea.
As he arrived in France for the annual meeting of the Group of 7 powers, Mr. Trump posted a message on Twitter citing the International Emergency Economic Powers Act of 1977 — a law meant to enable a president to isolate criminal regimes but not intended to be used to cut off economic ties with a major trading partner because of a disagreement over tariffs.
“For all of the Fake News Reporters that don’t have a clue as to what the law is relative to Presidential powers, China, etc., try looking at the Emergency Economic Powers Act of 1977,” Mr. Trump wrote. “Case closed!”
Emergency Economic Powers Act of 1977
Mr. Trump’s threat to invoke the 1977 act to force companies to leave China would be his most recent unorthodox use of authorities that Congress delegated to the presidency for exigent circumstances.
The International Emergency Economic Powers Act says that if the president decides that circumstances abroad have created “any unusual and extraordinary threat” to “the national security, foreign policy, or economy of the United States,” the president can declare a “national emergency.” This triggers special authority for the leader to regulate “any transactions in foreign exchange” by Americans.
The law was passed to define and restrain presidential power, which until then had been seen by critics as interpreted too expansively. It has served ever since as the main source of authority for presidents to sanction other countries or individuals in response to specific national security threats, such as the Iranian hostage crisis that began in 1979
BIARRITZ, France — President Trump asserted on Saturday that he has the authority to make good on his threat to force all American businesses to leave China, citing a national security law that has been used mainly to target terrorists, drug traffickers and pariah states like Iran, Syria and North Korea.
As he arrived in France for the annual meeting of the Group of 7 powers, Mr. Trump posted a message on Twitter citing the International Emergency Economic Powers Act of 1977 — a law meant to enable a president to isolate criminal regimes but not intended to be used to cut off economic ties with a major trading partner because of a disagreement over tariffs.
“For all of the Fake News Reporters that don’t have a clue as to what the law is relative to Presidential powers, China, etc., try looking at the Emergency Economic Powers Act of 1977,” Mr. Trump wrote. “Case closed!”
Emergency Economic Powers Act of 1977
Mr. Trump’s threat to invoke the 1977 act to force companies to leave China would be his most recent unorthodox use of authorities that Congress delegated to the presidency for exigent circumstances.
The International Emergency Economic Powers Act says that if the president decides that circumstances abroad have created “any unusual and extraordinary threat” to “the national security, foreign policy, or economy of the United States,” the president can declare a “national emergency.” This triggers special authority for the leader to regulate “any transactions in foreign exchange” by Americans.
The law was passed to define and restrain presidential power, which until then had been seen by critics as interpreted too expansively. It has served ever since as the main source of authority for presidents to sanction other countries or individuals in response to specific national security threats, such as the Iranian hostage crisis that began in 1979
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If Trump gets re-elected for the second term in 2020, it is highly likely that the world will enter into a recession.
With the uncertainty created by Trump 's war on China and the freeze on spending by businesses and consumers as a result , the global economy will go into tailspin.
Fed chair Jerome will get the sack and his successor will have a hard time fixing the US economy.
With the uncertainty created by Trump 's war on China and the freeze on spending by businesses and consumers as a result , the global economy will go into tailspin.
Fed chair Jerome will get the sack and his successor will have a hard time fixing the US economy.
recession is inevitable and good. it's a precursor to economic revival after 6.9 years and economic sexpansion 6.9 years later. now it's about time economic sexpansion cums to an end. cannot sexpand forever and the crash becums more painful.
Not WW3 lah. Just the Ultimate chaos that will lead to a restart of the world.
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