Obviously, but exploding the deficit hurts our ability to manage recessions, and reducing financial regulations & instilling tariffs are great ways to help cause one.
If you explain how pulling out of multi-country treaties that pressure China and then putting tariffs on our allies helps fight China, please let me know.
Which treaty are you referencing and how does it pressure china? Be specific please. Also tariffs on who? Maybe we are ramping up pressure to negotiate a deal friend. I can't speak for everything Trump does cause he isn't a god and makes mistakes. Maybe he made a mistake with this treaty, but what are you talking about?
I am just going to go with one Bigly thing he does, starting trade wars around the world, that is not a big factor in the economic slow down?
Getting raped on trade with other countries is preferable to you? You're a fool if you think being stripped to the bone by other countries is a good idea.
TPP... And he put tariffs on just about every country. But once again, how does that help pressure China? You said in response about Tariffs that it would be a mistake to not fight China's rising power.
Trade war is a dramatic term. Tariffs are nothing new and nothing to get scared of. Tons of countries use them. We are entering a new global paradigm where we aren't the biggest baddest country anymore and we need to be tactical about our economy.
How would that pressure china? Why would they agree to it and follow it? You do realize they cheat when it comes to winning and their economy right? Also the TPP would boost corporate rights and power. I am not in favor of that. They already have far too much. I remember evening liking Bernie cause he said this: the TPP lets “multinational corporations rig the system to pad their profits at our expense.” But that's a dead issue. He never pulled of it because it never was agreed on.
All over the news this morning...………. Recession indicator with perfect track record flashing red The yield curve is blaring a recession warning. The spread between the U.S. 2-year and 10-year yields on Wednesday turned negative for the first time since 2007. Such a development has occurred ahead of each and every U.S. recession of the last 50 years, sometimes leading by as much as 24 months. “Historically, the 2-10 has had better predictive ability of recession than equities,” Sri Kumar, president of the Santa Monica, California-based Sri-Kumar Global Strategies, told Fox Business. [more at link] https://www.foxbusiness.com/economy/yield-curve-inversion-signals-recession
By bring multiple nations to the table in trade, you create more power when the deal is violated. It would have helped with IP rights as China frequently likes to violate. Hopefully would have reduced the reliance on China for other Pacific Nations. But Trump didn't just refuse the deal, he wanted no part of a multi-national solution.
YAWN. You know what else? If this actually were true, then you'd see the market crash upon such news... (nervously checking the DOW...)
Everyone cheats, including the US. Creating a trade bloc within China’s sphere of influence in order to counter China seems better than unilaterally taking China on. Not to mention... a global trade war is a curious way to address China... We literally just blinked because we are too afraid to keep high tariffs during the Christmas shopping season... Haven’t they only increased under Trump? A socialist would say that. Are you a socialist? Have corporations not done well under Trump? Corporate profits have been fantastic up until recently due to the tariffs. It actually already passed without the involvement of the US.
It's called adjusting your strategy instead of getting bilked by countries that are rich and powerful.
Only a fool would actually think we are getting raped by other countries. Your hyperbole only illustrates how little you know about this subject.
