trade Trump

Trump Said To Consider Broad Crackdown On Chinese Imports Including Shoe, Electronics Tariffs

And the hits just keep coming after hours. 

And the hits just keep coming after hours. 
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2 comments on “Trump Said To Consider Broad Crackdown On Chinese Imports Including Shoe, Electronics Tariffs

  1. David de Jong

    Looks like Ivanka will have to find alternative sources.

  2. Winning a trade fight is as futile as trying to win a divorce fight by hurting the other more than he hurts you. Asinine.

    However some facts for Trump to consider that I learned at a Goldman-UBS conference in Sgp last month:

    – Total consumer market of China in 2017 was US$7-billion; total US consumer market was $5-billion.

    – The value of the consumer market in China is growing 10% annually vs only 2% yearly for US consumers

    – The average Chinese saves over 50% of his income whereas the average US savings rate is under 2% (therefore the US consumer is tapped-out vs the untapped potential in China).

    In other words, the Chinese consumer market already dwarfs the US consumer market, which in fact is clearly only 3rd in the world, behind the EU too. How can #3 have much leverage? Trump doesn’t; he’s delusional. Especially with #1 and #2 ganging up to create a bigger trade zone that will EXCLUDE the US.

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