Trump team rushes to find escape hatch for China tariffs

[Miles Archer]

Trump team rushes to find escape hatch for China tariffs



https://www.politico.com/story/2019/09/12/donald-trump-china-tariffs-1728369

President Donald Trump's top advisers are rushing to find an escape hatch for a series of tariff increases in the coming months, worried about the potential for further economic damage.

Many of the president's top economic officials are trying to resurrect the terms they previously were negotiating with China, a deal officials said was "90 percent" done before a sudden impasse this summer, according to a person familiar with the discussions.

That approach was rejected by the Chinese at the time, so it's unclear whether the new effort will overcome those hurdles and deliver U.S.-sought commitments from China on agriculture, intellectual property and technology transfer.

The goal of the internal administration discussions is to forestall October tariff increases and the next tariffs set to take effect in December, with some advisers arguing that the economic hit is real and must be mitigated prior to the election year. But the discussions remain fluid and Trump has yet to endorse an approach.

[moondust]

1. Act first,

think it through later as you stumble over the cliff.

[Wounded Bear]

9. Fire, aim, ready...Ready, fire, aim...aim, fire, ready...

Wait, they'll get it right eventually.

[spanone]

2. 'trade wars are good and easy to win'....right don.

[Wellstone ruled]

3. Interesting how

Chicken shit Donnie wants his reelection and his Tariff's all in one big gift. Remember,the third quarter ends at 4 pm EDT the 28 th of the month. Appears the panic is biting the President in his fat rear end.

Is Manuchin or Malvaney going to take the fall is this Tariff thing bites the dust? Sure as hell won't be Donnie of little smarts.

[Grasswire2]

4. maybe Republicans ought to demand that govt stop accommodating his dangerous impulses...

Put some reins on him.

Not gonna happen yet, though.

[Corgigal]

5. He doesn't understand

he looks like an old fool, instead of..

[BootinUp]

6. MAPA make America poor again!

[KY_EnviroGuy]

7. Trump will never admit to making a mistake even after it's proven....

we've all suffered negative effects. Some say around a grand per citizen this year and close to double that next year. Christmas sales will suffer and farmers are hitting the rails.

How he can try to paint this as a win is anyone's guess, but we can bet he will......

Oh, and China does not give a shit.

[Guy Whitey Corngood]

8. He's just a big fat bowl of moron, ain't he. nt

[Blue_true]

15. ...

[Wounded Bear]

10. Perhaps we should end the era of Presidents having unilateral control over tariffs...

There's a reason it was originally relegated to Congress in the Constitution.

[pwb]

11. Could have done without the big trump face?

.

[Skittles]

12. what the fuck color is he now

he looks like he has been basted

[GulfCoast66]

13. The Chinese have him by the short hairs and are not letting go.

They come from a 3000 year old culture. While trump focuses on next week or at best November 2020, the Chinese think decades ahead.

They are getting the agricultural commodities they need at a good price from South America and Russia. And more and more of the things they make for us are finished in 3rd countries not affected by his tariffs.

His very nature offends their culture and they are going to fuck him sideways.

They will be tempted to make a deal with him because within 6 months he will be willing to give away the store to help with his re-election. But they won’t because they know if he gets a second term he will immediately go back on the deal. Because they plan ahead.

[PhoenixDem]

14. All the retailers have already ordered and taken delivery of the christmas stuff

So China can wait Trump out easily

[Volaris]

16. Yep all they have to do is stall.

What I suspect without knowing a damn thing about formal macroECON, is that the Christmas numbers will be ok, and everything will hold until spring....and then when peeps decide they can't afford a vacation this summer, the numbers drops will start to happen...just in time for summer general election campaigns to kick into high gear.

Donald Trump will die in prison.

[Hermit-The-Prog]

17. Dumbass Donnie got taken by Putin and Xi because he's a dumbass

Negotiate with what? How can you negotiate when you've already surrendered?

A con is an easy mark, especially an ignorant, narcissistic con like baby Donnie.