Tag: Trade War

How Successful Were Trump’s Tariffs?

Tina Marie (Ms. Cat)

How Successful Were Trump’s Tariffs?

**Job Creation: On average, Trump’s tariffs destroyed jobs. But there were some winners and losers notably steel. The cost of the “winners” was $800,000 to $900,000 per job created. More jobs were lost elsewhere.
**Negotiation Leverage: Nonexistent. Trump resorts to threats so often on the flimsiest of grounds creates mistrust.
**Improve Security: No. Antagonizing allies never improves security.

Dollar will crash because US ability to export its overvalued currency is coming to an end

Tina Marie (Ms. Cat)

Dollar will crash because US ability to export its overvalued currency is coming to an end – Peter Schiff

“We’re headed for a real crisis, so the problem isn’t China taking advantage of us, it’s that we’ve actually been able to take advantage of them by exporting our overvalued currency for their products. And I think the ability of the United States to continue to do this is coming to an end.”

THE HIT JOB ON HUAWEI

Tina Marie (Ms. Cat)

THE HIT JOB ON HUAWEI

The US is carrying out an extraordinary and unprecedented war against Huawei. This attack violates the rules-based international order that the US has championed since World War II. Rather than a civilized and fair competition, the current strategy resembles the modus operandi of Mafia. While Huawei is deeply wounded by the latest American extra-territorial bullying of global chip manufacturers, the overall narrative of China’s rise to the top of the technology pyramid remains unaffected. In the short term, Huawei has a couple of survival options; and in the long term, America’s brutal war will only accelerate China’s goal towards self-sufficiency.