Trump trade tweet sets tone for tense first meeting with China leader
By David Brunnstrom and Christian Sh
ricky l
Trump wanted to repeat the 1930 trade war - that trigger the Deep Depression and the consequences WW2?
Look like Trump is trying to create havoc not only within US, the EU and now with China.
Trump will have to bear in mind that US businesses and US jobs - will also be severely hurt - if US start a trade war.
Look like Trump is trying to create havoc not only within US, the EU and now with China.
Trump will have to bear in mind that US businesses and US jobs - will also be severely hurt - if US start a trade war.
ricky l
Boeing has projected it could sell China 6,330 planes worth $950 billion during the next 20 years.
Will this be jeopardised?
Will this be jeopardised?
ricky l
A trade war started by US - will trigger a Global Economic meltdown.
Trump will pay a heavy consequences if Trump attempt to trigger a trade war.
Trump will pay a heavy consequences if Trump attempt to trigger a trade war.
ricky l
US businesses are selling their products and services worldwide.
If Trump attempt to start a trade war, US businesses will suffer badly.
If Trump attempt to start a trade war, US businesses will suffer badly.
ricky l
And this will result in a massive American job losses worldwide.
ricky l
US trade supported more than 10 million full- and part-time jobs and accounted for 12.7 percent of gross domestic product (GDP).
I am sure Trump will not want to jeopardised 10 million American jobs and trillion of dollars from trade isn't it?
Will Senate and Congress and American Business Community - going to stop Trump?
I am sure Trump will not want to jeopardised 10 million American jobs and trillion of dollars from trade isn't it?
Will Senate and Congress and American Business Community - going to stop Trump?
ricky l
Bear in mind US Businesses have tremendous trade market worldwide eg. :-
(1) Boeing selling so many commercial planes worldwide - will easily run into trillion of export dollars. But people can buy Airbus if Trump want to play hardball.
(2) US tech companies mainly depends on overseas business for profit - like eCommerce, cloud, IT devices and many others. But there are also competitive IT products and services out there. Easily US tech companies export market run into trillion of dollars. Trump is trying to jeopardised US IT mammoth export market.
(3) US finance, banking, insurance etc overseas financial market is also mammoth easily running into trillion of dollars. Will US financial businesses let Trump jeopardised your business?
There are too many to list it down here, but US businesses that deal with overseas market are at risk - as Trump now is trying to stoke the US trade market ---- that will be inviting retaliation.
Want to stop Trump?
(1) Boeing selling so many commercial planes worldwide - will easily run into trillion of export dollars. But people can buy Airbus if Trump want to play hardball.
(2) US tech companies mainly depends on overseas business for profit - like eCommerce, cloud, IT devices and many others. But there are also competitive IT products and services out there. Easily US tech companies export market run into trillion of dollars. Trump is trying to jeopardised US IT mammoth export market.
(3) US finance, banking, insurance etc overseas financial market is also mammoth easily running into trillion of dollars. Will US financial businesses let Trump jeopardised your business?
There are too many to list it down here, but US businesses that deal with overseas market are at risk - as Trump now is trying to stoke the US trade market ---- that will be inviting retaliation.
Want to stop Trump?
ricky l
Evidently, Trump don't understand Economics and the mechanism of trade.
For eg.
(1) Apple manufacture in China - because China has a market potential of 1.6 billion consumers. If Apple make its iPhone in China, the labour cost will be cheaper and if sell its phone for $1,000, Apple will have sold $1.6 trillion dollar.
(2) If Apple make its product in US, China will not let US export its iPhone to China. Moreover, US labour is too expensive and Apple will have to sell its iPhone at $2,000. Will China buy a $2,000 iPhone where Chinese consumers can buy Huawei and Oppa at $1,000?
(3) So if Apple make iPhone at a cheaper price of $1,000 and sell it to US market, US consumers can buy it at $1,000. If Apple make its iPhone in US, though it create a few thousand US jobs, millions of American consumers will lose big because US consumers will have to fork out $2,000 to buy the iPhone.
So Trump fail to understand simple economics and the mechanism of trade --- and if Trump start a trade war, the whole Global Economy will meltdown --- and US businesses will suffer the most.
That is why "Trump stupidity knows no bound ......."
And this apply to Trump's supporters.
For eg.
(1) Apple manufacture in China - because China has a market potential of 1.6 billion consumers. If Apple make its iPhone in China, the labour cost will be cheaper and if sell its phone for $1,000, Apple will have sold $1.6 trillion dollar.
(2) If Apple make its product in US, China will not let US export its iPhone to China. Moreover, US labour is too expensive and Apple will have to sell its iPhone at $2,000. Will China buy a $2,000 iPhone where Chinese consumers can buy Huawei and Oppa at $1,000?
(3) So if Apple make iPhone at a cheaper price of $1,000 and sell it to US market, US consumers can buy it at $1,000. If Apple make its iPhone in US, though it create a few thousand US jobs, millions of American consumers will lose big because US consumers will have to fork out $2,000 to buy the iPhone.
So Trump fail to understand simple economics and the mechanism of trade --- and if Trump start a trade war, the whole Global Economy will meltdown --- and US businesses will suffer the most.
That is why "Trump stupidity knows no bound ......."
And this apply to Trump's supporters.
ricky l
If Trump want to play hardball, US businesses can do likewise :-
(1) Make iPhone in China and sell it at $1,000 to China market.
(2) Make iPhone in US and sell it at $2,000 to US market.
US businesses will win.
And US consumers will lose. And US voters will vote Trump out.
(1) Make iPhone in China and sell it at $1,000 to China market.
(2) Make iPhone in US and sell it at $2,000 to US market.
US businesses will win.
And US consumers will lose. And US voters will vote Trump out.
ricky l
US can also sell the China make iPhone to other parts of the World at $1,000.
While US consumers will be the biggest suckers having to buy their iPhone at $2,000 - because American voters pick Trump to be their President - to sabo themselves.
Trump supporters - you are Champion - but the "BIGGEST FOOL" !
While US consumers will be the biggest suckers having to buy their iPhone at $2,000 - because American voters pick Trump to be their President - to sabo themselves.
Trump supporters - you are Champion - but the "BIGGEST FOOL" !
ricky l
And imagine if US businesses all do likewise :-
(1) US car maker make cars twice the cost in US and sell to US market but maintain production plants overseas and sell at a price twice as cheap to overseas market.
(2) US foodmaker make food twice the cost in US and sell to US market but maintain production plants overseas and sell at a price twice as cheap to overseas market.
US consumers price and inflation will rocket through the roof ---- and the biggest loser will be all American consumers ---- where Trump has mess up market efficiencies in US Economy --- and grossly mess up US Economics, trade mechanism and financial market.
US consumers, prepare to rise up - and drive Trump out !
(1) US car maker make cars twice the cost in US and sell to US market but maintain production plants overseas and sell at a price twice as cheap to overseas market.
(2) US foodmaker make food twice the cost in US and sell to US market but maintain production plants overseas and sell at a price twice as cheap to overseas market.
US consumers price and inflation will rocket through the roof ---- and the biggest loser will be all American consumers ---- where Trump has mess up market efficiencies in US Economy --- and grossly mess up US Economics, trade mechanism and financial market.
US consumers, prepare to rise up - and drive Trump out !
