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Mike Honcho

Trump threatens China with new tariffs on another $200 billion of goods

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175 calories per Hoegarden - I stand corrected. Thats actually not bad for a non light beer.

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The guys prior to Trump really screwed us with China. Of course they did, their buddies on Wall Street told them to. Thanks Clinton/Bush/Obama. Especially you Barrack. You really sold out. Had us fooled. Wall Street got richer while American jobs and technology were given away. Glad to see Trump finally saying enough.

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Sounds like Donald blinked.

Your wife's 401k will be happy.

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Do you agree there's a massive trade imbalance? How would you resolve it?

 

Trump has a clear pattern of being a very tough negotiator at the start and then walking things back later on. I imagine that is how China will resolve. By itself, its not a better or worse style. What is important is that it is a NEW style foreign nations aren't used to seeing from the US, so it gives Trump an advantage until the rest of the world catches up and evolves counter-policy to thwart it. Its almost like the NFL where an offense innovates and that works great for a while until defenses catch up.

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