Monday, March 12, 2018

Trump sharpens trade row, threatening to tax German cars

Trump told a boisterous crowd that if Europe did not lower trade barriers to US imports, "we're gonna tax Mercedes-Benz, we're gonna tax BMW."
Read more at https://www.channelnewsasia.com/news/business/trump-sharpens-trade-row-threatening-to-tax-german-cars-10034614
 (Updated: )

Cai Allen
Trump is not going to sanction trade, just trade fairly.
LikeReply12h
Ricky Lim · 
Are you going to pay higher prices at 25% higher for iPhone, US fridge, car, computers, IT equipment, ships, plane etc?

Trade fairly - means pay higher price - are you happy with what Trump does?
If you are not willing to pay, will you buy US goods - or will you buy other Countries goods at lower price?

If you are not buying US goods at a higher price - is Trump killing off US business and US jobs?

So is Trump a genius or a bodoh?
LikeReply1m
Jessis Ng
This is why trump is great. For many many years, countries have been ripping off US. Being a world leader, it is his job to make every county trade fairly.
LikeReply13h
Ricky Lim · 

I think you may not really understand World trade.
If all Countries in the World is ripping off US, will US be the largest Economy in the World?
Use math to calculate - don't just listen to what Trump say.

US companies are investing everywhere in the World to tap the cheap resources worldwide and sell to Countries worldwide ---- and thus they reap tremendous profit - and contribute to US wealth - and thus become the largest economy in the World.

Now Trump want the cake and eat it as well.
LikeReply1m

Ricky Lim · 

US are importing more than they export - because US companies are making goods and services in other Countries and then sell back to US at a cheaper price to US consumers.

If US companies make everything in US, then US consumers will buy American made goods and services at very high price.

This is the mechanics of World trade and investment and division of labour - and is making US economy rich ---- but yet Trump is complaining like crazy.

If Trump mess around with this trade mechanics - it will end up US companies making loss, and worldwide, consumers will turn away from US made good and services due to its high price --- and US Economy will turn for the worst.

And at that time, you can start to praise Trump for single-handedly bring US economy down !
LikeReply1m

Ricky Lim · 

In other words, Trump is stupid --- and yet ignorant people still praise Trump as though he is a genius.

One day Trump will kill US economy - and cause a collateral damage to the World Economy --- and yet ignorant people think Trump is damn smart.

But actually Trump is penny-wise but pound-foolish.
LikeReply1m

Ricky Lim · 
In summary, Trump "trade fairly" = Trump kill off US Economy and US businesses - as they will no longer become competitive due to higher prices from higher material cost.
LikeReply1m

Ricky Lim · 

In other words, Trump is a big "bodoh" - but ignorant people think he is a "genius".
LikeReply1m

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