Former deputy director at IMF says Trump’s idea that US can win trade war 'complete nonsense'

As China prepares to impose new tariffs on America worth £35 billion, Sky’s Ian King speaks to Desmond Lachman, a former deputy director at the IMF’s Policy Development and Review Department and Dr Rebecca Harding, economist and founder of Equant-Analytics, on the damage a trade war could do to both the US and the UK. Lachman says Trump is having to pay a “heavy price” for announcing a series of import tariffs on China and “should listen to the markets.” Trade fears caused Wall Street to open sharply lower on Wednesday and also weighed global stocks.
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[@Singular121]

Soybean can be grown anywhere in Australia or Africa not just in America. Other countries are going to come into a supply chain replacing US very quickly.

[@garyschroeder5625]

it is safe to say once Australia & African suppliers come online with their Soybean Line - transportation costs will eat them alive and their shipping routes attacked by pirates - and no POTUS to fix it ? ? ? hehehehehhehehhe

[@garyschroeder5625]

we'se Americans refuse to be served by haters north & south of USA just consider how much easier it is to reject those across oceans ? e.German made BMW's day in sun fading ?

[@tobikanawa]

us soy more yellow.

[@limcharles9730]

soy from brazil and Argentina.. non-gmo

[@simonmao5263]

Except America, Brazil is the major sources.

[@rekhabhatt1410]

Now we know why he ended up filing bankruptcy FOUR times.

[@e.c.6806]

+Rekha Bhatt Yes ,he did that to protect his wealth as those were his failing Limited Companies .Meaning creditors cannot go after him for his failing businesses or failing to pay his bills . But cannot get that kind of protection on an international stage .Meaning USA citizens will SUFFER and PAY for Trump's failures very soon .

[@geoffdearth8575]

I keep hearing that it has been six times.

[@MrAllan9]

I researched the Trump bankruptcies, and found that he never personally filled for it, but four of his businesses did, and they were chapter 11 bankruptcies wich only allow a business to reorganize and start back up.

[@jeffpoisson4054]

four out of over 600 companies he owns is not bad numbers

[@jaybelurkin]

Rekha Bhatt lol.. We just won the China trade war.. Now it's time to eat ur words.. People on the left are retarded anyways because anyone that knew anything about the world, would know that we take in a lot of China's imports, but if we stop taking in their imports their country would literally collapse, because at the end of the day we can make everything we import from China ourselves, not the other way around.. #Trump2020 #AmericaIsBack

[@Guanchen]

How many Americans knows about One Belt One Road? It's an up and coming trade project that will connect Asia and Europe through a extensive trade network... China has been working on this for years. So assuming tariff continues... when this project finish, it will essentially make US tariff meaningless. If US continue to uphold trade tariff in hope to balance its trade deficit with China... it might just means China will stop trading with US altogether. I guess then Americans would get what they want: complete trade balance of 0 = 0.

[@arcadiaarcadia904]

TLCBonaparte very much .. it is coming and many countries are already onboard . This will make the US so irrelevant like a piece of bugger

[@franceleeparis37]

TLCBonaparte .... yep... another one of those ghost projects that is heading nowhere... it costs 4 times to transport goods by train to Europe as it does by ship.. and any trade in the other direction is not viable. Olive oil from Europe freezes on the train and so has to be insulated... doubles the cost to the end consumer most of whom earn less than $10 a day. China would need to send a train every hour to Europe just to match the goods transported by one container ship... not very practical

[@Xylos101]

Oh yeah London-Yiwu is massively profitable.

[@jack72379]

The trains can stop at 30 different countries to transfer the goods. That will reduce the overall cost. Not from London straight to Beijing LMAO!! Losers who say otherwise have LOW IQ and are those who watch China Uncensored LOL!! :DDD

[@edwin3162able]

Jack Tan majority of them are poor in mathematics lol

[@Mike-in6mu]

US President does not understand that everything is replaceable lol...market is global now... USA gonna lose a lot and China will not lose anything...chinese can live without American cars lol....americans can't without cheap Chinese products

[@RedmiNote-pz9jf]

Seriously, no one buy US car or product in South East Asia. No parts, no resale values. Breaks down often. Only software. Which is having more option now. Chinese product especially machines uses german motors.

[@jonilothong306]

love to see the downfall of the great greedy USA. Love from India.

[@illumiNOTme326]

Jonilo Thong - shithole country?

[@csifresno8302]

Jonilo Thong how many Indians made their fortune in America, can u ever see the Chinese allowing Indians to live in their country and do business like how America accepts Indians and Chinese ppl, ur dim fella

[@twaters57]

At this point, about the only thing that can kill the evil deep state is an economic crash to cut off their financing.

[@mangesh870]

your name doesn't look indian

[@lamstertlaminator2033]

The brains of Indian don't want to live in their shithole country and willing to service former colonies master and have better life in the West.

[@kuden8844]

I'm putting a trade war against US myself. I bought a Samsung Galaxy s9+ instead of iPhone x. I bought an Asics sport wear brand instead of Nike. I bought a Honda car instead of Ford. I bought Makita power tools instead of Milwaukee. I'm taking holiday to Europe and Asia instead of US. I'm pretty much not buying anything that own by US. Had enough of their BS.

[@peterkobor5470]

This trade war is a great way for both countries to collect taxes from the consumers. Just see this as an indirect way to a tax raise for the masses.

[@edwingonzalez3703]

Holly craps,!!!! Three trillions in loses just in few monts, thats not good thats not good at all.

[@ruthreyes8278]

The economy is going to crash soon, thats the plan anyway...

[@e.c.6806]

+Edwin Gonzalez tell Trump that .I don't think he feels the pinch as ordinary US working class families feel . He was born in an US upper class multi-millionaire's family and has been living in that level of green house since . He does not feel the sufferings that all ordinary US working class families suffer . Whatever he is doing are for his own political gain and future . He does not really care about the well beings and future of all ordinary US working class families . Very soon all US families will feel the quality of lives ,the standard of living are going down as PRICES OF ALL CONSUMER GOODS SKY ROCKETING .Everything we need will be DOUBLE IN PRICE , meaning COST OF LIVING WILL DOUBLE .We ,the working class , have already hit by years of slow economy .Our money is extremely tight .We cannot afford any hike in prices and cost of living . Trump is living in a multi-million dollars mansion .He does not care cost of living doubles . He does not go to Walmart to buy his needs ,or go to ordinary supermarket to buy his groceries . We do . Trump is ruining our US families' future ..

[@edwardjade620]

Edwin Gonzalez indeed

[@kennyw871]

I hope the "Christians" that voted for Trump get hit the hardest and suffer the most. Healthcare is next!

[@Dan11iel]

Ruth Reyes: Yes, and then Trump can buy up all the bankrupt companies and repossessed property from Americans and others and become the world's richest dictator. That must be his plan.

[@shuaizhengxing3995]

I seriously doubt the reasons of this so called war. China bought soybeans, corns, expensive electronics, oils, natural gas, cars, planes, pork, beef, medications....China can buy soybean from Brazil, Argentina, Russia....its soybeans, can grow anywhere on this planet. Japan and Europe can sell their electronics and cars, Saudi can sell their oil, while Russia can earn money from natural gas....I seriously wandering how this could not bothering him when he makes his minds...

[@karelmarthinus9211]

Hey China can buy soybeans from Indonesia, we are soybeans importer and we are close to each other

[@shuaizhengxing3995]

Sir, because the import of metal product is really not a thing for China, not even 2% percent for total. Most of US imported metal products are either from Europe or Canada, Brazil. There is nothing changed since tariff announcement except stock market shock. US bought same amount of metal from foreign countries anyway.

[@dnickaroo3574]

The CEO of Apple says that wages are not significantly less in China. The reason Apple products are made in China is because they have a highly skilled work force with experience in new materials and technologies. The US does not have many people with those sort of skills. He puts it down to their Education System which is geared for various skills (and being a Communist country Education is free, except for some private Universities).

[@joemctaggart3920]

shuaizheng xing cos trump has no mind

[@jeffpoisson4054]

china can only buy those things elsewhere if their is a surplus ,otherwise it drives the prices higher and all of the east and europe suffers from hyper inflation...dont forget years back what happened to concrete prices when china started buying it all up to build their infrastructure and islands

[@naturelilacgold9016]

Omg…China may not buy Americans’ soybeans at all !!!!!

[@aboveusall22]

China has already canceled orders for U.S. soybeans

[@icebergrose8955]

China tripled there order of beans to Russia. Russia is very happy.

[@naturelilacgold9016]

Iceburg Rose oh…wow…

[@jeffpoisson4054]

exactly, we grow hemp instead to pick up more fuel and building material wewould normally buy from canada... win win

[@wildbillcbstjohn2982]

yep by by. red farmers red a Good color for the Russian party

[@armstrongchan1417]

Free trade bebifits ordinary citizens, trade war hurts everyone's pocket!

[@bornetocrywolf5965]

“We lost the ‘trade war’ a long time ago”

[@DrPhilipChen]

Indeed this is more a trade dispute with the “Trump” administration than with US in general. Pity is that the general American is gonna pay for his personal whimsical and immature decision.

[@incipidsigninsetup]

The "general American" deserves the pain. Those hurt by soy bean prices voted for Trump, let those chickens come home to roost.

[@Commonlogicguy]

James Porter and how much do us owe China in debt?

[@DeanDavisMarketing]

They buy our debt with the value won in the trade deficit, this keep our dollar inflated and allows them to forge an even greater trade deficit. We must stop the bleeding or get ready to suck some little eggrolls.

[@ricbakar3890]

Philip Chen we the American people is behind Trump all the way....and we are prepared to take it to the whole nine yards..

[@johnque4346]

Trump is getting what he wants at Putin's bidding. The decline of USA!!!

[@lestermagnuson939]

Canada can triple soy production in a year, we grow more than the us

[@hazarddavid6987]

A little too late...ask your PM...he knows why🤪

[@f8ofk8]

How is Comrade Spanky McBonespurs allowed to create chaos worldwide? Anything that issues from his sphincter should be ignored.

[@alanseager5279]

I don't buy any product that has the USA brands on them such as potatoes Heinz products and there's lots of them car parts I'm just one person but got this Idea from other people around me

[@rosestewart1606]

Alan Seager I think most products made in Canada have a 🍁 on them but still buy according to brand. There are many American owned factories in Canada. If they get boycotted those factories will be sold off cheap

[@z-sx]

unfortunately, Intel i7 (ノ｀Д)ノ

[@smokybear7511]

Me too

[@haozhang5078]

me too

[@jayjaypan2237]

Like a great philosopher once said, "In the end China will win."😁😁😁😁😁😁😁😁😁😁

[@wjdonner]

The USA produces 108 million metric tons of soybeans. Argentina (53.4 m.m.t.) and Brazil (86.8 m.m.t.) alone are already able to replace the complete USA soybeans export to China. Some other nations are India (10.6 m.m.t.), Paraguay (10 m.m.t), Canada (6 m.m.t.), Bolivia (3.3 m.m.t.) and Uruguay (3.2 m.m.t.)

[@LJRoss-zv8hw]

Who are they selling to now ?

[@wjdonner]

+L.J Ross, most soybeans are processed for their oil and protein for the animal feed industry. For human consumption soy milk, soy flour, soy protein, tofu and other retail food products are made. Soybeans are also used in some industrial products. China is the biggest market (60%) that all producers want to sell to. Another major market is the EU (15%). Smaller markets are Iran, Bangladesh, several African and Eurasian nations.

[@davidpaulmert800]

I am from Canada.I am a steel worker.I bought an American bbq from Oklahoma.It was $1000.I love it.Now I am soon gonna be out of work.Just seems weird how that sale hurt the U.S economy

[@colinmahoney7734]

Did anyone else notice that when the U.S talks about trade imbalance’s they never include the “Trillions of U.S Dollars” that they “Scalp” off the top of all Oil Transactions Worldwide each and every year through the use of (Petrodollars) In 1974 the Nixon administration convinced Saudi Arabia to enter into an agreement that saw the birth of the (Petrodollar) using the argument that they the U.S would protect them from the political instability of the region! The agreement reached Guaranteed the Saudi’s a fixed dollar price for their Oil! In return the U.S got an agreement that “All” Oil Sales would be in US Dollars! This Agreement was then expanded to the rest of “OPEC” Organization of the Petroleum Exporting Countries, to standardize the sale of Oil in Dollars (Petrodollars) World Wide! This also meant that any country who wanted to purchase Oil, had first to Purchase U.S Dollars (Petrodollars) at the going exchange rates . Under the agreement the U.S became OPEC’s only sales agent! So The U.S were the ones who took all orders, and it was the US who created the purchase Documents and invoices! In addition to the control of the Oil, under that agree ment the oil Producers have to use a % of their income from the sale of their oil to but US federal Bonds!! In return for invoicing oil in dollar denominations, Saudi Arabia and other Arab states were able to secure U.S. influence in the Israeli-Palestinian conflict, along with U.S. military assistance amidst an increasingly worrisome political climate that saw the Soviet Invasion of Afghanistan, the fall of the Iranian Shah and the Iran-Iraq War. However it didn’t take long for the Arab States and other to start questioning the benefit of the security they supposed to get from their deal with the U.S Apart from the constant disputes and conflicts that the US is involved in the Middle East! and the rapid deterioration in the Israeli-Palestinian conflict where the US has obviously taking the side of Israelis was creating concerns! To add to those concerns when they looked across at the US they were not seeing an infrastructure or other changes from the Trillions of dollars that the US are getting from the sale of their oil and the Petrodollar! In fact all they do see is a rapid expansion of the US’s Military War Machine! So after 40+Years many of the Oil Producers, and the countries that have been Purchasing (Petrodollars) to get their Oil. Are saying enough is enough, we don’t want to finance the Very War Machine that the U.S May one day decide to use against us! So now they are going to do their own thing, and today we are seeing the emergence of the Petroeuro, Petroyuan and the Petrorubel. To replace the domination of the Petrodollar!

[@Dan11iel]

Yes, and this was probably one of the reasons US went to war in Iraq. Hussein tried to come off the pertrodollar. I believe the weapons of mass destruction was a sham from the start.

[@fishersmith6347]

USA and China should negotiate to avoid trade war. Trade in global market benefit every country. Trade war cost each country wellfair.

[@rogermorgan1522]

Not seeing the bigger picture. Think of it as a Slow start to an eventual hot war.

[@mikedar8484]

We are down 500 billion in trade with China already.. is that winning or surrendering? Is to do nothing about it, winning or losing? Just what is the IMF actually proposing to Americans, winning some more, or losing some more???

[@kongshiahhwang6170]

China is selling product , US is selling dollar. US always can print enormous of dollar to dominate the world. Better US stop selling their dollar and start buying others countries currencies

[@VacationImpossible]

Mute the audio on the B roll

[@geneeu9851]

after reading the comments from american youtubers, make me believe usa definitely gonna cave in or lose. no argue pls, wait and see.

[@aquelpibe]

Half the comments are from Russian trolls posing as Americans.

[@kennyw871]

Yep, we're caving in like a black-hole. Soon no light, no fundamentalist "Christians" and no America. See yea.

[@xueliming123]

There’s no winner, no loser. This is stupid action. Stop putting ppl life into your games.

[@ualuuanie]

Hmm a head strong dictator and a jealous clown playing a trade war checkers. 1 uses a carefully planned predictable moves and the other moves in mysterious chaotic ways. Interesting to see who will be standing at the end of the day.

[@basook6116]

mostly importantly, who will buy products of US farmers?

[@minmaungmaung8129]

Trump doesn't like anything calm. He likes stormy trade relations, stormy diplomatic relations, etc. But unlike Stormy Daniels, stormy trade relations once started, cannot be abruptly ended in a "hole in one" act. ))

[@kvdgadj]

All China has to do, wait a few months and prices will go down.

[@Gamerz00760]

after tariffs... we now have 3 newly operational steel plants and a volvo manufacturing plant. It has been but a week or so.

[@taiwanSmart]

well, global market, mutually depending......all cliches without solutions to the problems US is facing.....

[@jwu1950]

Good night, America. Good morning, China. China rocks and keeps on rocking. May the love and the peace of Jesus be with us.

[@opnion2294]

Rock me rock me rock me babe

[@rathmam]

The Chinese will make Mr. TRUMP sleepless.

[@melvinbarnett1910]

Buy stocks in Brazilian soybean companies when the price go up the company's profit rises and the share price goes up ; get in on the bottom!

[@basilmcdonnell9807]

Once markets price in the profit impact of all these tarrifs stocks will drop at least 30%.

[@alinaderi3953]

6:53 wow he really said that

[@jamesstephenpeyton3305]

Canada is ramping up soy and canola investments. In case no one remembers Canada is the second largest country in the world.

[@michaelyan1298]

why usa view its trade deficit as a bad thing? if us dollar want to be an international currency, the deficit is then a natural and inevitable result: usd out, goods in. usa is virtually printing gold, which is a privilege. whats the point to complain?

[@jh5kl]

because they want the cake and eat it

[@RobertGarcia-wv8vx]

IMF, an entity that wants to impose world order fiscal policy.

[@cdralda]

So, end the trade war and rig the system against non-chinese companies? This is either dealt now, or lose at the end.

[@moshemorgenstern9636]

No trade war! Complete separation now!

[@mariojeanbaptiste6266]

Did he say the US lost 15% of it's annual GDP? I'm surprised no one picked up on that

[@kennikennyking]

Trump: I don’t care , I’m billionaire , I can afford a 10$ burger + 1000$ tax :) but us citizens cannot

[@Chifalcon]

Bloodthirsty U.S. is doomed.

[@rapunzeleh546]

funny, they struck trumps heartland - THANKS CAMBRIDGE ANALYTICA!

[@pastispresent1487]

"Three hundred million is better than one. Tag, your it." I hope not.

[@stanleycurry8042]

Most of people posting on this app aren’t farmers or economists.

[@lasserbream]

Two words..... Market manipulation!!!

[@danielgriffin8132]

We need a price war

[@jophoenix3919]

For the USA to go from a value added (manufacturing is the value) to agriculture is a step backwards !! Agriculture has meany hidden cost like use of natural resources , land , water, water ,water and uses cheap labor only the value added is when we process the food into marketable ( direct sale) this is the value and added labor ..Agriculture is a low labor low wages, the NEW population of America would have to do what we are doing SUPPORT THE MAJORITY OF THE POPULATION..if we had guarded the farm labor and brought them in when needed and shipped them OUT but we DID NOT now we have far, far to meany people to reverse it Agrarian based economy calls for low population, value added is for a higher population and we are now the latter even if we deported the 22 MILLION illegal's we are to populated to live without value added economy

[@bobbyraejohnson]

People acting like we haven't been having a trade war a while now haha.

[@tahanlaoboy]

War is destroying both sides

[@davehaynes8878]

Except that corpse Wilbur Ross agrees with the Tariffs, he’s supposed to be one of the really smart guys that Trump knows.

[@davidhynes]

I agree 1000%

[@sathanaful]

good video, I sub

[@Ronaldo_Football-Cr7]

Well informed show seen after a long time. Thanks. What an honest analysis by Desmond. Why can't US government think of the consequences of trade war

[@ryanyan3159]

Only the weak speaks of “ fair”. Nothing is fair in the world. Up your game America

[@Thinklikemeornot]

Why wouldn't Brazil raise prices on soybeans knowing that China really needs them. Sounds like China loses again in United States has a lot of soybeans to use or to sell to Brazil

[@1989TS..]

Whenever they go down! We go up!!!

[@miriguwa1958]

A trade war would be "Cutting off the nose to spite the face". Hope sanity prevails.

[@georgiojansen7758]

IMF so many times wrong ,so called experts

[@davemarston1236]

Trade war?! Ha! The last time the U.S. won a war was 1776.

[@liuyangyang]

The question is quite simple. China is ready to bear the loss for the Made in China 2025, which is critical for long-term growth. Is Trump ready?

[@vensb8862]

ahh "Former" IMF Deputy wonder what happen

[@lisashung9442]

Midironica In the eyes of European people, USA doesn’t have reputation of being a fair player or a rule follower. No excuse for USA aggressive economic and military moves all over the world in the names of OFFERING them democracy!!! Can they just mind their own business? However, whatever they are doing is actually to control the local governments for USA’s own political and economic interests in the regions. Americans like to make international rules for everyone but they only follow it if it’s convenient to them. To be honest, since USA didn’t follow UN decision and invaded Iraq for nothing but oil and control, USA’s reputation has already vanished. The invasion has caused millions people dead and hundreds thousands refugees fled to Europe which has not only left the regions in conflicts for decades but also causes the refugees crisis in European countries!!!! Don’t be bossy, arrogant and aggressive!!!!!! Clean up your own house first!!!!

[@williamli7477]

Any change of opinions today?

[@dinabern3121]

Soybeans from China? Not only from Brazil, but also from Russia, a lot of soybeans from Russia.

[@Dan11iel]

Andalso Canada

[@tinopacino9400]

Besides we are sick of unfair deals with the rest of the world now we have to think of ourselves for a change for a Time. We have to get ahead further so in the future we will be able to share more with the world..

[@pastispresent1487]

I think chopstick and fork should cool it.

[@sayakdas4159]

Depression is coming but I hope that economic meltdown doesn't happen.

[@ariangx1929]

No one win.. the consumer is losing

[@jeffpoisson4054]

if soy becomes a problem ,our farmers can switch to growing hemp to be used for building material and fuel...hemp has a larger profit per acre than any other crop.

[@tombradley9523]

This IMF guy is complete nonsense!

[@dennisg4053]

If the IMF is against it, it has to be good for the USA.

[@ideaquest]

What Trump brings to the table is Chaos.

[@hamiltonjetsportassociatio4407]

Let's revisit this in 3 x Months, there may be a few surprises in store.

[@kantsee6307]

The utter IRONY is that neither the citizens of the U.S., nor the bulk of Mexican Americans are too invested in the U.S. style economy. So while Trump's out there trying to force the citizens of the U.S. to adopt his economic ethics, he's overlooking the NATURE of the citizens he purports to be herding into his economy. Now, had he NOT started his campaign with the ethnic rhetoric and the NoDAPL spectacle, he'd have done better at convincing everyone that his economic plans are actually worth the deceit he put on us. So basically, his agenda is undoing his attempt to basically, sell the Mexican American ethical demographic as resource of human criminals, low wage workers, terminally ill patients and soldiers. So how is the Mexican American (Chicano) demographic worth anything, or matter at all?? Well, see how it diesnt even seem to? How long were they here without the vouces of tge rest of the citizen populations? The Latino demographics are the most quiet, humble cultural standards of the U.S., and ALSO (and here's the kicker) the biggest buying, and generally the happiest while working for less. So, here they are, a MASSIVE silent majority. And as everyone can see, there's nowhere NEAR an equal depiction of their sheer numbers, the money they spend and earn, and influence (in any of the U.S. media's, including Hollywood). The blatant anti Native American and Mexican racism of the past, here in the states, has effectively buried the demographic. So, when the Trump gang's economic plan is instilled, it'll be devastated from within. And it won't just be from the Latinos. It'll be from everyone who basically hates to see victims treated like disposable resources for powerful corporations and politicians. Mexican- not European, nor corporate- ethics will dictate the way laws are enforced and who's corporations will succeed. I know that seems farfetched. But that's ok. There's a social & moral trajectory, and victimized psychology that's already shifting it's trajectory. We're ALL get up with a western economy and the policies of deceit that governed corporate capitalism when the Mexican American values and ethics were only hidden seeds that everyone here in the states has within themselves. And since Latinos aren't as outspoken (as most American ethnic, cultural demographics) about the kind of people they/we are as a group, this isn't widely seen or known. The agenda that Trump is working to fgorce through is literally sfo full of the worst of the worst characteristics of a corporate capitalist power, that his face itself sabotages the type of capitalism he's working to get for his richest partners. Remember this quote(?)- "They tried to bury us. They didn't know that we were seeds" -Mexican proverb That's a relevant and deeply intuitive insight. Note it's impact, it's manifestation power and the fact that such an enduring prediction is *anonymous*. How very ethically Mexican. Tribes are the new capitalists.

[@Flyingaceful]

Enough with the trade war bs! Middle class are hurting!

[@anthonymoore380]

Investors know whats coming. Those who don't know about the "TVIX 1 year forecast" will be defeated by this market

[@edwardjade620]

Who is advising the president? And who is taking advantage out of this mess, find out.

[@jonharrison2590]

This soybeans thing is really stupid in my opinion. We can put the land to other use. Grow corn for ethanol. Grow trees for timber. Etc. And wherever they grow the soybeans they will still buy John Deere equipment. It's a win win for the US.

[@thedude1666]

Brazil and Argentina also exports soy beans. Our soy crop that was destined to China was just purchase by the EU.

[@michaelmiller8894]

It seems trump want to give the first position of the united states in the world to others as soon as possible. he is doing great effort to complete this work.

[@gregwright5380]

Agreed seeing as we are like the middle man for others. And are stupid.

[@trainerkareem1120]

Trump thought of China as some other gulf country

[@syedmaricar9946]

It's looking ke winning lottery or world war 3 with mukes

[@michaelpondo6324]

America is now bound to loose everything. Thanks for mothing trump turd.

[@deidrahoward6749]

taxation without representation

[@ronclark9724]

I have spend three decades in the import-export business. The EU has a tariff for everything, until recently America almost had a wide open border. I know how much the EU tariff is for importing an American paperback book. Most Americans have no clue how much the world is taking them to the cleaners. The gravy train is over. To prove Trump's point, the EU couldn't wait to increase their tariff on Levi's jeans, which by the way are produced today in China. I wonder what China's response will be to the EU. The EU NEVER wanted fair trade...

[@mikebecket7458]

We'll if it benefits the USA then it's a good thing

[@seansteel3326]

When a bunch of already known corrupt people unite against one single man and spare no effort to ridicule him, throw blames at him, blackmail him, stress him in unknown ways, attempt to assassinate his character, then blindly follow that one man! Marcus Aurelius The Meditations~

[@carlospena5942]

This are the same type of experts who were telling us not to stand up the NK and to leave them alone, Wrong again. China already has a Tariff on our products.

[@Do_your_spanish_or_vanish]

Don't forget russia produce lots soybean. plus China brought 5% of Ukraine land to grown soybean, China’s agricultural land buying spree is around the world. Foods supply for China by China. Maybe US can sell weapons like F22 or F35 to China to reduce its trade deficit.

[@Manic-bc1hf]

well she was wrong..lol

[@ivykkb2975]

A TPP MINUS US = G6👍👍👍✌

[@MrMiz1113]

The idea that the U.S. has no cards to play against China, or any other nation for that matter, is beyond absurd for several reasons: 1 - The U.S. has virtually no absolute needs that must be imported, in sharp contrast to most other nations. 2 - Trade is a far lower percentage of our economy than most other nations; 27% for the U.S., 37% for China, 64% for Canada ...and 83% for the EU. As such, we're far less vulnerable to economic disruptions due to trade issues. 3 - We are not only completely agriculturally independent but the biggest food exporter on the planet and by far. We control more of the world's wheat and corn export markets than OPEC does oil markets giving us tremendous leverage over any food importing nation. 4 - We're overall energy independent and able to be oil independent provided we maintain good relations with Canada and Mexico, both of whom have been exempted from the tariffs. 5 - We carry massive trade deficits with almost every nation on earth, ie they sell far more of their goods here than we do our goods in their countries. What this means is that our tariffs will hurt them FAR worse than any retaliatory tariffs they impose against us. Moreover, funds from the tariffs could be used to help affected industries. 6 - The US has to play in a trade war is our military. We're spending billions in Europe, East Asia and the Middle East, much of which is to the benefit of the very nations taking advantage of us in trade. The actual amounts spent isn't even a measure of their true value either as for these nations to even attempt to develop the same deterence capabilities as we're already providing would be prohibitively expensive. What if, for example, while negotiating trade with Japan or South Korea, Trump decided to reward the crew of one of our carriers in the region with a nice 2 weeks R&R at Pearl Harbor? Or if he decided to pull some of our naval assets out of the Persian Gulf to do exercises with the Indian Navy during talks with the Saudis? Something I think that we and these nations have forgotten, especially since the collapse of the Soviet Union, is that they're vassals to us and maybe its time we reminded them just how dependent on us they really are.

[@puti2147]

USA farm produce is GMO tainted though they have introduced Organic/Natural varieties at many Store shelves. But the question remains that A Nation that States & passes laws to designate a PIZZA as a Vegetable leaves a lot to be desired in their labels.

[@wowme110]

Any allies of the U.S. that does not understand we are making changes to be good trade partners and not doing it to be mean. But a responsible partner. The defiance should be considered a hostile act. And the U.S. should respond on multiple levels.

[@Aloewells]

Soybean is a crop which is grown easily and available in neighboring countries like INDIA. All is required it to ask by shijin ping. Enjoy BRICS power.

[@mutat2955]

LOL, how stupid of the US politicians could believe only US could grow and sell soy bean....

[@jeffpoisson4054]

The chinese need us more than we need them . Who else is gonna buy 100 million fidget spinners from them.