International Trumps tariffs on China working.

[NoDak]

https://www.bloomberg.com/amp/news/...mber-manufacturing-pmi-worsens-amid-trade-war

China’s worsening manufacturing slowdown and uncertainty over the trade war with the U.S. are raising pressure on policy makers to do more to support growth.

The first official reading of China’s economy in November showed the manufacturing purchasing managers index on the brink of contraction. New export orders contracted for a sixth month while the non-manufacturing gauge, reflecting activity in the construction and services sectors, expanded but at a slower pace.

In the face of the slowing economy, policy makers have tried targeted tax cuts, investment incentives, and efforts to funnel more credit to the private sector and infrastructure. So far the results have been lackluster and that domestic weakness adds to the pressure on President Xi Jinping to prevent the trade war with the U.S. from getting worse.

"Chinese growth is still slowing and suggests that more vigorous policy stimulus is likely required to help stabilize it," said Shane Oliver, head of investment strategy at AMP Capital Investors Ltd. in Sydney. That’s particularly so "if there is no breakthrough with the U.S. on trade soon."

Manufacturing output prices plunged in November, dropping to 46.4 from 52 a month earlier , while input prices fell to 50.3 from 58. That "cliff-drop" points to a further weakening of industrial profitability and manufacturing investment growth going forward, said economists led by Eva Yi at China International Capital Corp. in Beijing in a note.

"Domestic demand leading indicators are collapsing in China," they wrote, adding that stabilizing that demand "should be taken as the top priority for cyclical management right now, where delays in proper policy adjustments may lead to further pain later."

 

[D3thr0n3d K1ng]

We're hurting our own economy, but because China is also hurting, that's good?

Hurting the economy and losing jerbs to trigger the Chinese....

 

[NoDak]

 

[rokzilla]

He’ll still get no credit.

 

[NoDak]

He’ll still get no credit.

What is there to possibly negotiate? The core issue is the CCP's policies, acts and practices related to intellectual property, trade secrets, technology transfer and the undercutting of American investment and innovation. That is non-negotiable and China is changing not a fucking thing, ever.

 

[Gunny]

This is by far the best column I’ve read to date on the trade war...

https://www.google.com/amp/s/www.wa.../10/trump-might-win-his-trade-war-with-china/

“Elite consensus on trade with China had long held that overall gains to U.S. consumers outweighed whatever harm China’s manipulation had done to some segments and regions. If China manipulated its currency to allow its producers to underprice U.S. firms, that was just a stupid subsidy that U.S. consumers should bank. If it forced or cajoled U.S. firms to disclose proprietary technology as a condition of working in China, which Chinese firms could later use to compete with those same firms, that was just unfortunate. If it refused to enforce U.S. intellectual property protections and allowed the outright theft of intellectual property, well, that was bad and merited a response — perhaps a strong scolding.

Actually doing anything that could alleviate these misdeeds was beyond the pale. Americans were making money, and nothing ought to disturb the gravy train that was funding so many Wall Street and CEO bonuses.

I have a saying when it comes to any type of negotiations: If you can’t walk away, you will overpay. For nearly 20 years, American leaders of both parties had shown they were not willing to even contemplate walking away. Is it any wonder that for decades, many Americans overpaid in terms of lost jobs, declining wages and crumbling communities?

Trump ran to reverse those trends. The elites in both parties heard his talk and immediately labeled him a protectionist. I guess those are fighting words on college campuses and in corporate boardrooms, but in places such as Newton, Iowa, they were a compliment. That’s because people saw what Trump would be trying to protect: their jobs, their wages and their towns.”