Trump says US companies 'hereby ordered' to quit China

Trump says US Companies 'hereby ordered' to quit China

https://www.bbc.com/news/business-49450245

"Our great American companies are hereby ordered to immediately start looking for an alternative to China," Mr Trump tweeted earlier on Friday.

China's new tariffs will range between 5% and 10% and apply to more than 5,000 goods coming from the US.

Agricultural goods, crude oil and small aircraft are among the targeted items.

Mr Trump hit back, tweeting that $250bn of Chinese imports, currently taxed at 25%, would from now on be taxed at 30%.

Beijing also said it would revive a 25% tariff on US car imports that it lifted earlier in 2019 in a goodwill gesture as the two countries tried to negotiate a trade agreement.

Carmakers warned that the tax would put US jobs at risk.

And of course he's being ridiculed by everyone.

https://www.theguardian.com/technology/2019/aug/23/trump-hereby-order-response-president-mocked-decree

What an actual Socialist statement to make:

https://www.washingtonpost.com/politics/2019/08/23/trumps-angry-tweets-about-china-betray-his-political-rhetoric-two-significant-ways/

“A vote for any Democrat in 2020 is a vote for the rise of radical socialism,” Trump said at a campaign rally in New Hampshire last week, “and the destruction, the destruction of the American Dream.”

Trump’s colloquial use of “socialism” means, essentially, government social-welfare programs that cost money and don’t benefit his base. A July YouGov poll found that Republicans were more likely to see proposals such as free college education or universal health care as socialism — but less likely to apply that term to things such as Medicare or Social Security.

In reality, socialism is an economic system in which the public — generally meaning the government — controls production. (Which, Gallup found last year, Republicans are more likely to understand than Democrats.) In other words, a socialist system is one in which, say, an elected leader representing the public instructs how production should occur. By hereby ordering them to only produce in the United States, for example.

Demanding that manufacturers rejigger their supply chains means increased prices apart from the prices that have gone up because of tariffs. Trump has no power to make such a demand, of course. His tweet ordering companies to produce goods using non-Chinese suppliers not only lack legal weight, they essentially lack any weight whatsoever.

Good news for Trump, given his views on socialism.

Does this mean all Trump branded products have to be moved back to the US for manufacturing? Doesn't Ivanka have stuff made in China as well?

Just more posturing. He can't order that.

Good ?

They should quit China

This would be amazing news for the country. Bout time we start manufacturing our own sht again.

I don't ever want the two of you cry about actual socialism ever again, because it either means you are satire accounts or actually stupid in real life.

P.S. This would decimate the economy. Something the GOP seems to love doing for the last century.

@zaryia:

Steps have to be taken at some point to bring production back to the US. Im aware how it may hit the economy. This is an instance where the super rich must take a pay cut or buy a smaller boat.

You dont want production back in the US? How is that a bad thing? Think about the amount of jobs that would create. Theres no way around a transitional period at this point, but the financial hit would be to the super rich, not the people buying the product.

If it weren't so damn a selfish and idiotic of a desire, I'd almost wish that the economy would crash and burn on this bozo just to spite his sorry ass. Then where would he run to. He'd just start blaming everyone he could, as he's done his entire life.

@zaryia: I've never seen anyone defend China so much. Is it your TDS kicking in?

China is an absolute joke. They literally have apple stores setup there that sell nothing but ripoff apple products.

https://www.google.com/amp/s/amp.businessinsider.com/inside-fake-chinese-apple-store-shenzen-kunming-2015-9

I realize you're ok with some poor peasant over there putting your products together for 5$ a day and a biscuit but someone had to grow some balls and stand up to them.

Straw-Man Argument, you are attempting to deflect from the Original Post which laid out a super embarrassing breaking news story for wannabe socialist Donald J. Trump.

I never defended China. Why are you changing the subject to argue fiction? Oh I know why, everyone is trashing Trump today for his economical lunacy. By your logic Economist and Business Analyst today were defending China, because just about all of them were laughing at Donny.

I'm defending USA, capitalism, and facts. This trade war is objectively bad for USA. Trump's demand today would decimate the Economy, and no company is going to listen to him. I'm going off of PHD Economists, Business Analysts, and actual results. This socialistic demand Trump requested today is silly as is his so far very harmful to USA anti-capitalist trade war.

Business analysts dismissed the president’s tweets as bluster, noting that he lacked the legal authority to dictate where firms placed their operations. “They’re not coming to the United States,” John D. Morris, a senior research analyst at D.A. Davidson

Even if US companies that have located their factories overseas could be forced to repatriate, the US doesn’t have the workforce or manufacturing capacity that China has built over the last 15 to 20 years — which means it would take years to bring production to the US, said Morris, if not longer.

100% Of Economists Asked Said Import Tariffs Were Not A Good Idea

https://www.economist.com/special-report/2019/05/16/the-trouble-with-putting-tariffs-on-chinese-goods

As Trade War With China Heats Up, Farmers See Bleaker Outlook For 2020.

https://www.huffpost.com/entry/farmers-china-trade-war-trump_b_5d5c306ae4b095fe2b67e8bb

You sound like you haven't though this through. Where did you get that "Chinese defender" talking point from? Was it Breitbart? Fess up to where you heard this odd defense line from.

Please refrain from childish ad-hominems, this isn't a Q-Anon sub reddit.

You can't call it TDS when so many are laughing at him this week. Lmao 36%/A64%D in some Polls. Looks like this Country has a big ole' case of TDS?

@zaryia: You called Trump an actual socialist. That is 100% false. Trying to get companies to dump China doesn't make him a socialist.

Again don't let your TDS allow you to make such stupid statements. You can have your opinion on the trade war but let's not get delusional here.

It was a bit tongue N' cheek. But yes, some of his actions and statements are in fact Socialist in nature:

Trump's Tweets Indicate Socialist Yearning

https://www.theatlantic.com/ideas/archive/2019/08/trump-socialist/596734/

The phrase that leaps from this meandering jeremiad is this: Our great American companies are hereby ordered to immediately start looking for an alternative to China. In his ongoing struggle against China, Trump has begun to ever more resemble his rival Xi Jinping—an authoritarian presiding over a command economy. David Koch isn’t buried yet, but his father, Fred, is surely spinning in his grave.

Trump's trade war socialism

https://theweek.com/articles/859422/trumps-trade-war-socialism

TRUMP'S ROAD TO SOCIALISM

https://mises.org/power-market/trumps-road-socialism

Opinions? You mean data most Economists agree with. You didn't think I'd catch that did you?

Boy, you sure are treating this like opposite day today. You must know Trump really seemed bonkers to be going this far.

@zaryia: Far left opinion peace's are not facts. Please link me some facts that say Trump is a socialist.

That tweet today specifically and actions in the past have been Socialistic. Such as to hereby order all companies do XYZ, to their massive determent. Or his Farmer bailouts. This is all laid out in the links.

By the way I'm glad you concede this trade war objectively has been bad so far, and that his tweet was asinine and no company will listen to him because it's insane. I'm glad we can agree Trump's tweet was absolutely embarrassing and not defendable in any way. So basically what's your point now?

One of those links is a far right source. One is center. One is left.

WAPO noted the same thing today, if you're into extremely highly reputable source: https://www.washingtonpost.com/politics/2019/08/23/trumps-angry-tweets-about-china-betray-his-political-rhetoric-two-significant-ways/

“A vote for any Democrat in 2020 is a vote for the rise of radical socialism,” Trump said at a campaign rally in New Hampshire last week, “and the destruction, the destruction of the American Dream.”

Trump’s colloquial use of “socialism” means, essentially, government social-welfare programs that cost money and don’t benefit his base. A July YouGov poll found that Republicans were more likely to see proposals such as free college education or universal health care as socialism — but less likely to apply that term to things such as Medicare or Social Security.

In reality, socialism is an economic system in which the public — generally meaning the government — controls production. (Which, Gallup found last year, Republicans are more likely to understand than Democrats.) In other words, a socialist system is one in which, say, an elected leader representing the public instructs how production should occur. By hereby ordering them to only produce in the United States, for example.

Demanding that manufacturers rejigger their supply chains means increased prices apart from the prices that have gone up because of tariffs. Trump has no power to make such a demand, of course. His tweet ordering companies to produce goods using non-Chinese suppliers not only lack legal weight, they essentially lack any weight whatsoever.

Good news for Trump, given his views on socialism.

@zaryia: Huffpost and the Atlantic are left. The week is far left. Again I'm not here to debate the trade war. I do however agree something needs to be done about China.

However calling him a socialist is hilariously inaccurate when almost all the 2020 candidates are far more socialist.

Everything he said today was absolutely batshit insane. I'm glad you aren't defending it. Or are you? I can't tell.

Of course you're not, because most Economists and data so far would make you instantly lose such a debate. The trade war was a very bad move.

Depends on your fake definition of Socialist. I'm mostly just talking about his statements today btw,

“A vote for any Democrat in 2020 is a vote for the rise of radical socialism,” Trump said at a campaign rally in New Hampshire last week, “and the destruction, the destruction of the American Dream.”

Trump’s colloquial use of “socialism” means, essentially, government social-welfare programs that cost money and don’t benefit his base. A July YouGov poll found that Republicans were more likely to see proposals such as free college education or universal health care as socialism — but less likely to apply that term to things such as Medicare or Social Security.

In reality, socialism is an economic system in which the public — generally meaning the government — controls production. (Which, Gallup found last year, Republicans are more likely to understand than Democrats.) In other words, a socialist system is one in which, say, an elected leader representing the public instructs how production should occur. By hereby ordering them to only produce in the United States, for example.

Demanding that manufacturers rejigger their supply chains means increased prices apart from the prices that have gone up because of tariffs. Trump has no power to make such a demand, of course. His tweet ordering companies to produce goods using non-Chinese suppliers not only lack legal weight, they essentially lack any weight whatsoever.

Good news for Trump, given his views on socialism.

@zaryia: So you admit to being full of shit about calling him a socialist. Good to know!

His statements today were. Yes. But if you want to make this about semantics of my post instead of discussing the news with Trump's insane tweet that everyone is laughing at - be my guest. That's less time wasted of you defending the undefendable.

Just want to be sure, you agree what he said was very stupid and he is being laughed at by economists, legal experts, and business analysts, right? You do agree it plunged the DOW today yes?

So companies around the world will continue to take advantage of Chinese cheap labour and the close proximity to other needed manufacturing materials but US companies can't? Watch as competing products can undercut US ones by massive margins.

The guy really is an imbecile.

Good luck with that, if anything they'll call for much reduced salaries for the employees rather then reduce their own income.

Good, China is really evil and the world should cut them out. From their cheap knockoffs and disdain for copyrights, communist regime, human rights abuses, environmental ignorance, and not a care for anyone on the planet - including their own people, China deserves to have a faltering economy. It’s shocking that modern Democrats and Leftists aren’t up in arms about China, and yet ‘orange man bad’. Hypocrites.

Thank you for finally putting China in the spotlight they deserve, President Trump!

You know, this really shows how bad previous presidents have been - Democrat and Republican.

Make Vietnam great again!

@Sevenizz: Nothing new about how China operates.

If Trump had some patience, he would push for categorizing China as a developed nation. It's ridiculous that by mailing a letter in my own country I have to pay extra because I am subsidizing postage coming in from China.

@horgen: ‘patience’?!? Eight years will fly by, you realize. This had to have happened about 40 years ago. China has been getting away with murder for decades. It’s freaking about time someone is taking action with them.

@Treflis:

Without those employees their is *no boat at all* for the filthy rich, you forget that.

Hereby ordered? HEREBY ORDERED!?!?!?!?!

All hail King Trump!!

Seriously, though..."hereby ordered"?

The nerve of this guy. Doesn't he know we kicked all the royalty out of the US quite some time ago?

He could get most of the west behind him on that change. Smaller steps to begin with to gather support.

@r-gamer: you must love getting wrecked.

@zaryia: Calling Trump a socialist is absurd. He's more of a man of the people than anything that could be considered Left Wing. Get your head out from your posterior and take an actual look around you instead of absorbing the Liberal fear mongering machine known as "The Media."

@joebones5000:

Focus on the point at hand. Pulling production from china is an effort to bring those jobs back to US soil. Very simple.

Do you purchase products from China?

@heirren: They won't go to the US in any significant numbers. China was already seeing an Exodus of such jobs even before the Tariffs for countries like Bangladesh, Vietnam, and African countries.

Yes. I don't know why people who always buy the cheaper option think the US can compete with other countries. There are more than China out there.

Are people willing to pay higher prices for goods if everything was magically 'made in USA'? You can't be naive enough to think higher wages in the US wouldn't be passed onto consumers and not their stakeholders, right?

@mattbbpl:

The point is the goal is to ultimately bring productuon back to the US. Im aware of other cheaper alternatives but thats not the point.

If that were true then we'd never have lost production. Naïve thinking.

What do you mean good. This illegal and economy destroying move isn't going to happen. Everyone is laughing at Trump for making this comment and it plunged the DOW yesterday.

The specific statement that plunged the DOW and had every economist and business analyst laughing yesterday was socialist.

@umameninja said:

He's more of a man of the people than anything that could be considered

Must be why his policy is extremely unpopular, as is he. You mean a man of just some people.

Anyone who think that they can force production back to a system where Sanders and his kind seems to be in charge in a short time, they are surely mistaken.

It´s actually funny to see the left want more people but fewer jobs.

He already blamed the media for crashing the economy XD

@Jacanuk:

Huh?

It isnt necessarily forcing if the incentive to produce elsewhere is eliminated is it?

@LJS9502_basic:

Not at all. I just dont think the american people thought far enough ahead and imagined the pickle it would put things into down the road.

Again, steps have to be taken at some point.

Trump made this statement.

@Nuck81: None of you buffoons have wrecked anything. None of you are even capable of logical debate.

I honestly think most of you border on the line of mental illness.

@zaryia: The Dow will go back it always has. How many doom and gloom crashes have you lefties post about over the past three years only to see it shoot right back up again?

And as much as you bitch about Trump what's the alternative? Just let China keep doing what their doing? You don't ever present any alternatives just a one sided observation. Hes already got some of the most powerful companies in the world to leave China. Yes it will hurt us to if he has Tariffs but if he can do this for a short time and corporations continue to exit it will he better for us in the long run.

https://www.google.com/amp/s/www.forbes.com/sites/kenrapoza/2019/08/08/more-us-companies-seen-leaving-china-after-september/amp/

I'm not sure what you are on about, but the trade war so far has objectively been bad for USA and is not a good thing.

Forget economist projections disagreeing with you (as most do), I'm talking about results so far.

@zaryia: The results so far? Bahahaha!

Are you that short sighted? This is about the long game not the short game. And in the long run China will be far worse. China has virtually no original IP or technology creation. Most of it is rip offs. Our shit doesn't sell well over their now because they either place massive tariffs on it or outright ban it and then sell ripoffs of it. So what do you think the solution is? Most economists also agree we need to take on China( you seem to leave that part out) they just don't think Tariffs are the answer.

Also I'd watch the typo criticism with such shitty sentence structure. Sometimes I think you may be a bot.

History Will Remember the Trade War’s Economic Impact, Not the Fed’s

https://www.wsj.com/articles/history-will-remember-the-trade-wars-economic-impact-not-the-feds-11566392403

From the far left Wallstreet Journal.

https://www.google.com/amp/s/www.cnbc.com/amp/2019/05/06/cramer-remix-china-needs-us-more-than-we-need-china.html

We should win though. Thus making them the most irrelevant country in Asia.

In the short term though there will be no winners.

If you honestly think the rich are going to go " Oh well I guess we'll take a cut of our salaries rather then cut the salaries of the employees" then that's quite naive of you.