China has benefited from a 'Developing Nation' status in the United Nations for almost 50 years although they are now the 2nd largest economy in the world.
This status has allowed them to borrow money from the World Bank and International Monetary Fund at discounted rates sponsored by American Taxpayers.
This began the current "trade war" almost 50 years ago and it's been ongoing non-stop.
Our US Postal Service gave China preferential treatment and taxpayers also subsidized private American shipping carriers such as UPS and Fed Ex when shipping goods from China to the US.
Why? Payoffs called Lobbying.
Pres Clinton allowed the Chinese to practically sublet the White House. Perhaps a small thing but it allowed investors to meet Chinese business leaders inside the White House and at Camp David where listening eyes and ears couldn't spy.
The Americans bought the goods, the Chinese made the goods. Businesses like Bain Capital (Mitt Romney) specialized in transferring businesses from American soil to Chinese soil through private equity transactions and Non-Governmental Organizations (NGOs).
Everybody was into making money by going for cheap labor anywhere but in the US. Mexico, Carribean, South America, Taiwan, Viet Nam, etc. But China had investor-money through the World Bank and attracted trillions of Dollars of investment capital for businesses.
China grew. America shrank.
Geo Bush (Sr.) promoted the World Trade Organization (WTO) which is a global policing authority that gave China 'favored nation status' thereby affecting trade disputed in China's favor. Always in China's favor.
America almost folded and my yet still fold. We are somewhere well over $23 trillion in debt and $127 trillion in unfunded liabilities.
Trump didn't start the 'Trade War', he's ending it!
China has benefited from a 'Developing Nation' status in the United Nations for almost 50 years although they are now the 2nd largest economy in the world.
This status has allowed them to borrow money from the World Bank and International Monetary Fund at discounted rates sponsored by American Taxpayers.
This began the current "trade war" almost 50 years ago and it's been ongoing non-stop.
Our US Postal Service gave China preferential treatment and taxpayers also subsidized private American shipping carriers such as UPS and Fed Ex when shipping goods from China to the US.
Why? Payoffs called Lobbying.
Pres Clinton allowed the Chinese to practically sublet the White House. Perhaps a small thing but it allowed investors to meet Chinese business leaders inside the White House and at Camp David where listening eyes and ears couldn't spy.
The Americans bought the goods, the Chinese made the goods. Businesses like Bain Capital (Mitt Romney) specialized in transferring businesses from American soil to Chinese soil through private equity transactions and Non-Governmental Organizations (NGOs).
Everybody was into making money by going for cheap labor anywhere but in the US. Mexico, Carribean, South America, Taiwan, Viet Nam, etc. But China had investor-money through the World Bank and attracted trillions of Dollars of investment capital for businesses.
China grew. America shrank.
Geo Bush (Sr.) promoted the World Trade Organization (WTO) which is a global policing authority that gave China 'favored nation status' thereby affecting trade disputed in China's favor. Always in China's favor.
America almost folded and my yet still fold. We are somewhere well over $23 trillion in debt and $127 trillion in unfunded liabilities.
Trump didn't start the 'Trade War', he's ending it!
Exactly, this isn’t a trade war, but we still have a deficit with them of a TRILLION DOLLARS in just the next two years. Tariffs have only reduced this deficit by some 7% so expecting the trade game to make a difference is an exercise in futility. He needs to keep stalling until a large enough number of investors decide Chyna is old news and pull out for what will be the advancement of neighboring countries. Either way, we only have 5 years max with this mentality and the next president will sell us the fuck out again. Chyna will let it’s population starve to death waiting for the next cuck president.
I think you've nailed his plan but 'wall street' is all-in on the China front and doing everything to rid themselves of the Trump nuisance and get back to the business of low-cost labor and preferential treatment.
Agreed. Add to that the rapid increase in our population of low skilled laborers and they will have zero problem finding the next work horse. There is nothing we can do except become more clear on how it happened. To use a football analogy, they’ve already won and are just kneeling for the last 3 downs.
Fraud analyst here, can confirm: China, Singapore, Russia, North Korea, etc have been trying to defraud our financial institutions and businesses for years and years, certainly before President Trump was elected.