Lone Candle
Champion of Truth
BREAKING: Trump Misreads Jobs Report, Threatens To Cut Off Trade
Europeans talk about, and are decoupling from, the US like how the US does China due to Trump’s erratic and threatening behavior.
https://www.youtube.com/watch?v=wL_JZmdVzfg
US sanctions have stopped Russia from rebuilding the Nord Stream pipeline.
https://www.youtube.com/watch?v=r06_2ooytHk
The US demanded that Canada give the US control over Canada’s trade policy with other countries. The US also demanded that US companies streaming shows in Canada not be required to order the shows shown to users based on Canada’s cultural preferences. The US wanted Canada to end its Buy Canada program that it put in place in response to US tariffs without offering to cancel the US tariffs that caused this program. The US demanded that the US could change certain terms of the deal at any time.
Ridiculous and demeaning demands on a long-time ally. Ruining such a relationship is not good for the United States.
https://www.youtube.com/watch?v=fhgw3qAxYlY
America’s biggest trade problem is China. Trump started a trade war with China, fought it foolishly, and lost. He escalated tariffs on all goods from China to a level the US couldn’t handle, and that combined with the US need for Chinese rare earths, forced Trump to back down. Tariffs were put on countries who are not rivals and who cooperation with has little to no downsides. Tariffs were put on all sorts of goods, making it difficult for American businesses to operate because they couldn’t afford the inputs to their businesses. China’s strategic cheating on trade affects the whole world. The US could have worked with the world and strategically fought a trade war with China. Instead, the president doesn’t appear to have a basic understanding of economics and world relations, so just blindly tariffed most countries and most goods in such a way that hurt the United States and its people.
https://www.youtube.com/watch?v=2PffKnEEY-E
China is screwing Europe economically. The US could have worked with Europe to counter China’s cheating, instead, Trump declared economic war on everyone at once, and bowed to China because China was too strong for Trump to take on alone.
https://www.youtube.com/watch?v=-d3dZojivjI
Trump thinks a trade deficit means the US lost. This is false. Americans agreeing to buy goods from another country is a win for both sides.
Trade enlarges the pie, creating more total goods than we’d have without it. Consumers count too, and they benefit by buying foreign products, so do companies using foreign inputs to create goods and services in America.
The US needs to maintain its ability to produce military necessities, but the administration’s approach is to treat deficits generally as a lost. They broadly attack bilateral deficits without a sensible strategy–this hurts most people.
Lower prices aren’t necessarily “cheap”. They mean more. You can buy more; American businesses can produce more.
A lot of manufacturing jobs aren’t even good jobs anymore.
https://www.youtube.com/watch?v=HYsdgsiyQO0
What economists get wrong about government debt | Prof. Steve Keen
https://www.youtube.com/watch?v=wXSPAfOFl2k
Why This Asian Border Sees More Crossings Than the Entire US-Mexico Border
https://www.youtube.com/watch?v=vUWOhAs5rTs
“Previous efforts by Trump to get China to purchase more US goods have fallen short, raising questions about whether the latest pledges will be fulfilled. China failed to meet its commitments under an agreement Trump brokered in 2020 to buy an extra $200 billion in US agricultural, energy and manufactured products over a two-year period. The Covid-19 pandemic complicated that effort but critics said the targets were unrealistic.
China has recently turned to cheaper Brazilian soybeans after meeting the initial purchasing volume from the US agreed to in last year’s trade truce between Washington and Beijing.
While the fresh discloser will likely be welcomed by farmers, who were seeking more clarity from the latest summit, the amount may not be large enough to satisfy growers looking to turn around tough economic conditions.
Farmers have been struggling for years with relatively low crop prices and high costs. Pressures have been compounded by geopolitical tensions including Trump’s tariffs, and most recently by a surge in fertilizer costs linked to the conflict in Iran.”
https://finance.yahoo.com/economy/policy/articles/us-says-china-agrees-spend-181028241.html
Trump’s visit to China achieved essentially nothing. The countries’ problems are too deep to be achieved in a presidential visit.
https://www.youtube.com/watch?v=XD1eGSCvUO0