And I notice that I am having an exceedingly difficult time finding that interview where Trump said this, where before the election it was easy to find (knew I should have saved the link).
it looks like trumps threats may have cost west virgina 80B in investment from china energy
trump won WV by a huge margin. This will directly affect the wallets of trump voters in a big way
China Energy Development’s announcement last November it was willing to invest $83.7 billion over two decades in the “Mountain State” has been placed on hold, Brian Anderson, director of the West Virginia University Energy Institute, said Monday.
Speaking at the Third Annual Northeast Petrchemical Construction Conference in Pittsburgh, Anderson said executives with the Chinese company were slated to attend the conference, with the first project using the company’s pledged investment, to be announced.
“Nothing has been announced yet, and the investment by China Energy has been put in jeopardy due to the U.S.-China trade war,” Anderson told his audience.
China has more to lose than “we” do. They have to come around to our way of thinking and they have no choice. It’s our way or no way. Their economy depends on doing business with the US…period.
I don’t totally disagree but…something had to be done and the sooner, the better. Trump chose now and I applaud him for it. China must come to the negotiating table and “we” will end up in a better place economically.
china could do a few things besides adding more tarrifs
they could devalue the yuan,making chinese exports cheaper
they could dump us bonds,sending interest rates higher
they could drop sanctions on north korea
You don’t “totally disagree”? What part do you actually agree on?
Yes- there were issues with China regarding trade. Everyone agrees with that.
So of course Trump slapped tariffs on Canada, which made absolutely zero sense.
I’d have more confidence in Trump’s “tough love approach” if it wasn’t his go-to strategy for dealing with EVERY country…including those we need, even if Trump doesn’t want to believe we do.
This is the real rub here too. Trump will never, ever admit wrong. Ever. So he will dig in, double-down, triple-down, quadruple-down. All because of his fragile ego. China will as well, as they don’t care about their people and have the long game in mind anyway. Xi will wait out Trump, even if it means his populace suffers more than they already are. Trump is temporary in their mind. It is the way their culture has always been. They are looking decades out, some even centuries.
If we stay this course, everyone needs to buckle up, because we are in for a bumpy ride.
This way of thinking presumes that the ruling class in China has the same level of concern for their citizenry as our leadership does. While it is apparent Trump does not seem to understand the pain he is inflicting, and getting ready to inflict on American consumers and businesses, the Chinese literally do not care about the suffering of their people. Trump is a temporary obstacle for them, and they will wait him out, even if it means their people suffer. All the while, we will suffer as well.
It really is. And the shame is that there are serious trade issues that need to be, and should be addressed, as it relates to China. But taking the tit-for-tat approach of tariffs, especially when the same is being done to many of our allies, is the absolute worst approach to possibly take.