Trump will still pretend he is making USA great again and bringing back jobs to the country and making USA rich again. Manufacturing may reshore to USA, but jobs are not going back, with machines taking over. Honestly, just printing toilet papers is good enough to make the USA rich again, right? Why go to all the trouble of fighting a tariff war?
Trump is not really protecting USA manufacturing using tariffs against China, which is a lame and empty excuse, because there are no such industries existing in the USA that needs such protection. If there are that many manufacturing facilities now already existing in the USA, why does they USA still need to import US$500 billion worth of goods from China? People can see the contradiction by simple logical thinking as to why Trump is forever touting about bringing back manufacturing to the USA when it already has them to produce those goods.
Trump needs all the money from tariffs to fund his tax cuts for the billionaires like himself clear and simple. And the bill with tariffs added has to be paid by USA consumers. That is provided there are going to be products still available at retail outlets a month of two down the road.
Some delusional morons are talking about substitutes that still needs to come out of a factory or factories to be set up to produce them, not within a month, but probably a year or two. And which country wants to do that knowing that they cannot compete with Chinese manufacturers even in their own backyard. Trump will tell USA consumers to 'hang tough' for a year or two. Laughable indeed.
Now, before leaving, China's spokesperson wanted to 'make it clear' that there had been no phone contact between Xi and Trump, with no negotiating ongoing. China wants the USA to remove those tariffs first before any negotiation can go forward. I think that message is already as certain as the sun rising from the East.
On the other hand, Trump and his administration clowns are still boasting that the USA is already talking to 200 countries out of the 195 countries in the world, but no deals so far being reported. Even lying must be careful not to expose the ridiculousness and ignorance behind it.
Anonymous
3 comments:
I now probably know why Scott Bessant is so desperate in his agenda to punish China. He probably harbors a long-standing hatred of China in his mind for losing to China decades earlier as Hedge Fund manager for Soros.
We all remember the attack by Soros Fund Management on the monetary system of Hong Kong in 1998, months after the return of Hong Kong to China in 1997. Bessant was hired by Soros after graduation in 1984, later helming the London office and was involved in betting against various currencies of countries around the world, including the UK and Japan. We knew the agenda of the UK was trying to bring Hong Kong to its knees after the separation. Suffice to say, the attack on Hong Kong's monetary system has Bessant's fingerprint on it for sure.
Now that attack on Hong Kong failed when China stepped in to prop up the Hong Kong dollar, which lead to heavy losses by Soros, which is why Soros harbors deep hatred for China. Bessant, probably being involved in those losses later resigned from SFM in 2000 but still harbors a deep wound and is now totally working to derail China in every way as USA Treasury Secretary.
Scott Bessant was a big donor to Trump's campaign in 2024, involved in fund raising, perhaps trying to use that as a stepping-stone to get into Trump's cabinet which he really succeeded in being appointed as Treasury Secretary, giving him the opportunity to carry out his anti-China campaign. Was George Soros behind the campaign? Think about it.
Trump's lying habit is no more a surprise. It is a surprise that his base is still believing in those lies. Or should I say even Trump himself now believes in his own lies.
Trump has no sense of shame, even when caught with his pants down. And his empty head supporters did not mind supporting a liar and very proud of it.
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