CNBC: The trade war will get worse before it gets better
EU Observer: EU rejects US trade ‘gun to the head’
Business Insider: China and the EU are teaming up to fight back against Trump’s trade war
WaPo: Trump says he’s ‘surprised’ Harley-Davidson is moving work overseas after tariffs take effect
Fortune: Trump Faces Trade War Fallout: Layoffs, Stock Declines and Harley’s Move Offshore
ABC News: Share markets dive as traders get nervous about escalating trade war
NY Times: The Trade War Finally Got Real
Politico: Trump’s trade war triggers recession fears
Bloomberg: Alaskan Fishers Fear Collateral Damage as China Trade War Begins
Wall Street Journal: Chip-Equipment Makers in Crosshairs of Trade War
Fox News: Trump trade war with China puts 300,000 soybean farmers, $14 billion export industry in limbo
In the iconic movie “Wall Street”, the corporate raider played by Michael Douglas delivered the following dose of reality to the stockholders of the fictional Teldar Paper….
We’re not here to indulge in fantasy, but in political and economic reality. America has become a second-rate power. Its trade deficit and its fiscal deficit are at nightmare proportions. Now, in the days of the free market, when our country was a top industrial power, there was accountability to the stockholder. The Carnegies, the Mellons, the men that built this great industrial empire, made sure of it because it was their money at stake. Today, management has no stake in the company.
— Gordon Gekko
For decades, the political lawyer-mill, well-fed class has been rubber stamping trade deals with our savvier overseas adversaries and the results have been sweet deals for them because it was our money being played with; not theirs.
And you are all being royally screwed over by these, these bureaucrats, with their steak lunches, their hunting and fishing trips, their corporate jets and golden parachutes.
Unlike the intellectually superior Chicken Littles in the media and Capitol Hill, Donald Trump has had to deal with some of the very international players now screaming bloody murder. Trump has had to purchase items in bulk like steel, goods for his business ventures, and he’s had to circumnavigate the mess created by too many who were paid to lobby for nations that sought to take the United States to the cleaners.
Do you really know what we buy from the European Union and are you tired having to replace and rebuy items that came from China or Mexico? Now, as a president with actual inside knowledge as to the screwing the United States has been taking, President Trump’s going into negotiations with one enormous bargaining chip: these countries need the United States market more than we need theirs… and they know it.
The critics told us President Trump’s election would crash the stock market and they were very wrong.
The critics told us President Trump’s tax cuts were going to bring about a recession and they were very wrong.
The critics told us President Trump’s interactions with North Korea could bring about nuclear war and they were very wrong.
Despite the naysayers who’ve created nothing of real value ‘cept for yapping, Donald Trump has achieved more than any most can enumerate off the cuff.
Very, very few of the critics who whine about almost anything President Trump does have ever signed a payroll check, thus know very little about anything about running a small business, let alone a billion dollar corporation. Donald Trump knows the hands all at the table have been dealt, he’s the dealer and he controls the game. The United States market, our goods and services, and our intellectual property are all up for grabs. No responsible CEO would allow his company to be screwed in a deal just because that’s the way it’s always been done.