Elder Patriot – When President Trump dared attempt to reset trade relations to a more equitable level with the elites’ sacred cow, China, his opponents resorted to the same tired lies meant to scare American consumers into opposing the president’s use of tariffs to gain leverage in negotiations.
Trump’s opponents, and the opponents of American workers – the Chamber of Commerce, the Business Roundtable, Wall Street, multinational corporations, international bankers, their wholly-owned media outlets, and the bought-and-paid-for politicians that do their bidding – told us that American consumers would be footing the bill for the tariffs.
International businessman Donald Trump told us that wouldn’t be the case. The president also spelled out the negative impact that China should expect:
This is the nature of negotiations. Until your negotiating partner fully realizes that you understand the weakness of the hand they’re holding, you will not get the best deal. Those wanting and instant agreement should sit this out.
President Trump also made it clear that, contrary to the collective warnings coming from “financial experts” protecting those whose immediate profit interests aligned with China, that Americans would feel little to no pricing impact.
In announcing the imposition on $200B in Chinese goods President Trump explained:.
President Trump had been preparing for the imposition of tariffs on China as lever towards a balanced trade deal with Red Menace, since he took office.
Long before media pundits starting noticing/considering how serious President Trump was about structurally resetting the entire landscape of a U.S-China trade relationship, President Trump quietly and methodically laid the groundwork with personal visits to: Prime Minister Shinzo Abe (Japan); President Moon Jae-in (S-Korea); President Tran Dai Quang (Vietnam); and President Rodrigo Duterte (Philippines).
Oh, how quickly the media forgot.
These were not visits as part of multinational/multilateral G20 or G7 discussions. The November 2017 tour of Asia was President Trump traveling to meet directly, face-to-face, one-on-one with the manufacturing heavyweights of Southeast Asia.
At every single stop he broadcast the intent of the visit: “We’re talking TRADE”!
These were unilateral meetings; and, in hindsight, clearly designed to structure the foundation of the current U.S-China trade conflict.
China, a totalitarian bully used to imposing its one-sided trade policies on previous feckless American presidents, found it culturally impossible to admit defeat. Instead, Beijing decided to stall.
As China waited, their economy tanked. China devalued its currency and subsidized the costs of the tariffs, neither strategy is sustainable.
— Donald J. Trump (@realDonaldTrump) August 1, 2019
And, President Trump still had $300B in as yet non tariffed Chinese goods as a hammer in future negotiations.
After Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer returned from the most recent round of negotiations and debriefed the president, Trump dropped that other hammer:
The president is tightening the vice and still reserves an additional 15%, or more, in tariffs with which to convince China of its folly.
China is not interested in making a deal and will instead rely on the Chamber of Commerce, the Business Roundtable, Wall Street, multinational corporations, international bankers, their wholly-owned media outlets, and the bought-and-paid-for politicians to create domestic economic chaos in order to politically damage President Trump heading into 2020.
Meanwhile, the media, as it’s done with the Russia hoax, continues repeating the lies of the elites. This from yesterday’s chopper presser as President Trump prepared to depart for Cincinnati:
Q What do you say to American business owners and consumers who are going to pay the price for these tariffs, sir.
THE PRESIDENT: Sure. Sure. What would you say when China, for the last 20 years, has been taking hundreds of billions of dollars out of our country? And we had a President that would never do anything — a number of Presidents that never would do anything about it. What would you say?
For many years, China has been taking money out by the hundreds of billions of dollars a year. We have rebuilt China. So now it’s time that we change things around. If they don’t want to trade with us anymore, that would be fine with me. We’d save a lot of money.
Dig in. Now is no time to go wobbly.