Good day all. Since he took office, President Trump has been ripping up all the bad trade deals we have been stuck with by the Beltway Uniparty and the Globalists. He’s also been hammering on China for a number of trade issues.
This has led him to imposing tariffs on imports from China. If you read the usual idiots, and by that, I mean economists, you will see them saying this is “Bad for America!” Well, the numbers are coming in and as usual, the economists are wrong. Here are the details from Fox Business:
Since the U.S.-China trade war Opens a New Window. began more than a year ago, President Trump Opens a New Window. has maintained that billions of dollars in tariffs are hurting Beijing more than Washington – and on Tuesday, the president’s argument received some support from the International Monetary Fund.
In its update to the biannual World Economic Outlook, the Washington-based IMF upgraded its forecast of U.S. growth to 2.6 percent from 2.3 percent, while lowering its outlook for Chinese growth. It also noted that growth was “better than expected” in the U.S.
But in the country-by-country evaluation, the IMF said it expects the effect of tit-for-tat tariffs and weakening external demand to add pressure to China’s already-cooling economy. Growth is forecast at 6.2 percent in 2019, and 6.0 percent in 2020 – about 0.1 percentage point lower, compared to the IMF’s April outlook.
There is some question regarding the accuracy of the economic reports regarding China. They may actually be worse. One of the things that is happening is manufacturers are starting to move their production plants from China back into the United States. This has led to a problem of finding skilled workers.
Over the last 30 years of both Democrat and Republican, (aka Uniparty), trade deals, huge numbers of well paying factory jobs have gone away. Now corporations are seeing that they need to pull things back into the United States and now they need to train people to do the jobs.
One of the interesting things to come form all this, is how the Beltway Uniparty types, most who have been firm Never Trumpers, are dealing with it. Many, including Paul Ryan, the former Speaker of the House, quit. They were seeing their life’s work being flushed down the toilet by President Trump. They were also seeing that Donald Trump was right and that they were wrong.
Since so many RINO’s quit in 2016, it allowed an opening for the Democrats and they regained control of the House of Representatives. In the minds of the RINO’s, this was “OK” since they assumed that the Democrats would be able to “STOP TRUMP!” They did slow him down a bit, but the flat out communists screaming for socialism, totalitarianism and Impeaching President Trump for hurting their feelings has all but insured a Democrat slaughter in 2020. Nothing is written in stone of course, but the last time this happened was after Obamacare was shoved down America’s throat.
Many of the RINO’s have been deeply in the pockets of the Chinese government One of them, Justin Amash, has significant family business interests in China and they are being badly hurt. This is the reason that scumbag announced he was leaving the Republican party and demanding that President Trump be impeached. He’s also all but guaranteed his crushing defeat for reelection in 2020.
Although I am living with a Chinese National, (Who I was married to), I am also a loyal American and I want to put America, American citizens and legal Resident Aliens first. I am not a globalist. President Trump is doing pretty much what I hired him to do, under extraordinary circumstances. Corrupt Uniparty globalists in the house and senate and Democrats who will always put their party first and America last.
China needs to make a good deal with America, one that benefits both nations. (Ours getting the better end of the deal of course) They also need to live up to their end of the deal. If they don’t, their economy is going to continue cooling down as ours grows. (No thanks to the Globalists and Uniparty scum)
Thatisall
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