Trump won't call China a currency manipulator, praises Yellen and Exp-Im-Bank (user search)
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  Trump won't call China a currency manipulator, praises Yellen and Exp-Im-Bank (search mode)
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Author Topic: Trump won't call China a currency manipulator, praises Yellen and Exp-Im-Bank  (Read 1419 times)
Fight for Trump
Santander
Atlas Star
*****
Posts: 28,041
United Kingdom


Political Matrix
E: 4.00, S: 2.61


« on: April 12, 2017, 02:38:11 PM »

The movement is dead. It's time for regime change.
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Fight for Trump
Santander
Atlas Star
*****
Posts: 28,041
United Kingdom


Political Matrix
E: 4.00, S: 2.61


« Reply #1 on: April 12, 2017, 02:45:59 PM »

China has been trying to prop up its currency, not hold it down.
That doesn't matter. It's like building the wall.

Trump said he would call China a currency manipulator on his first day as President. It's about the psychological victory of sticking a kielbasa in the dragon's eye.
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Fight for Trump
Santander
Atlas Star
*****
Posts: 28,041
United Kingdom


Political Matrix
E: 4.00, S: 2.61


« Reply #2 on: April 12, 2017, 03:40:23 PM »

I suspect Gary Cohn is exerting his influence here. It should've been obvious to everyone that Trump is the most malleable person to ever hold public office -- he's never held a concrete position for more than like two years on anything. I did not, however, expect him to surround himself with so many "globalists" and "neocons" that would shape him into whatever this current version of Trump is.
China and Japan eating our lunch, the stupidity of our leaders, opposition to Middle Eastern intervention...
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Fight for Trump
Santander
Atlas Star
*****
Posts: 28,041
United Kingdom


Political Matrix
E: 4.00, S: 2.61


« Reply #3 on: April 12, 2017, 04:34:37 PM »

Obviously, man. It benefits who the most? The big business community. Who do they support? Republicans. Small businesses love it too. What do Republicans care about? The support of the donor class and small businesses. Who traditionally back the Republicans.
Small businesses love TPP? The average small business doesn't source from or sell to Vietnam or Malaysia in material amounts. In fact, you could actually say the same about most large businesses.
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Fight for Trump
Santander
Atlas Star
*****
Posts: 28,041
United Kingdom


Political Matrix
E: 4.00, S: 2.61


« Reply #4 on: April 12, 2017, 05:04:25 PM »

A considerable sum probably get their supply chain from overseas, where reduced tariffs and so on would help them. That's the point behind free trade and deals like NAFTA and so on.

The supply chains we see for materials and goods are global meaning structured free trade deals are actually a key component of our growth.
Most modern trade deals are not about tariffs, and are mostly about foreign investment and dispute resolution. The US already has generally low tariffs, and the majority of businesses, large or small, do not source from TPP countries in material amounts, and if they do, the portion of their costs they are most concerned about is freight, not tariffs. The only companies that regularly deal with tariffs are those with manufacturing plants overseas and import/distribution firms. Even then, we are only talking about the lowest value products being produced in these countries, like coffee, rubber, and textiles.

High-value proprietary imports like tools, machine parts, and chemicals are usually sourced from Japan, Germany, or other European countries. (I do realize that Japan is in the TPP, but nobody is pretending that TPP is about US/Japan trade) Most businesses are not really affected by TPP either way, and the ones who are strongly in favor of it are multinationals who want the investment opportunities, dispute resolution mechanisms, mutual standards, and perhaps lower input costs.
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