Steve Moore on trade: Donald Trump doesn’t back down


VERY CONCISE. WE APPRECIATE IT.>>MY PLEASURE, THANK YOU. CHARLES: MARKETS ARE HITTING A SIX-MONTH LOW AS PRESIDENT TRUMP BLASTS CHINA’S QUOTE CURRENCY MANIPULATION ON TWITTER. BASED ON HISTORIC CURRENCY MANIPULATION BY CHINA IT IS NOW EVEN MORE OBVIOUS TO ANYONE THAT AMERICANS ARE NOT PAYING FOR THE TARIFF. CHINA HAS ALWAYS USED CURRENCY MA IN INPLACE TO STEAL OUR FACTORIES, HURT OUR JOBS, DEPRESS OUR WORKERS WAGES AND. JOINING US IS STEVE MOORE.>>WELL-SAID. CAN YOU NAME ANY COUNTRY IN THE HISTORY OF THE WORLD THAT GOT RICH DEVALUING THEIR CURRENCY? NO. I MEAN JUST DOESN’T WORK. THE FACT IS, IN RESPONSE TO THE TARIFFS, THEY’RE DEVALUING THEIR CURRENCY WHICH MEANS THAT THE CHINESE ARE BEARING THE COSTS OF THESE PRODUCTS, THESE TARIFFS, NOT AMERICAN CONSUMERS. I’M NOT DEFENDING TARIFFS. GOLDMAN SACHS PUT OUT A RIDICULOUS IDIOT REPORT YESTERDAY SAYING THE AMERICAN CONSUMER IS BEARING WHOLE COST OF THIS. WHAT ARE THEY TALKING ABOUT? IF THEY DEVALUE CURRENCY, SOMETHING THAT COST $10, COST NINE DOLLARS. PUT 10% TARIFF ON, CHINA BEARS THE COST. THAT IS THE MATH. CHARLES: THAT IS NOT GETTING TO THE POINT WHERE CHINESE EXPORTERS HAVE TO LOWER PRICES ANYWAY. THEY’RE TALKING TO U.S. COUNTERPARTS I WILL NOT PAY DOLLAR FOR LOL DOLL. I WILL GIVE YOU 90-CENT.>>IF CHINESE COULD PASS COSTS ON CONSUMERS THEY WOULD RAISE PRICES. BUT THEY CAN’T DO IT. CHARLES: WE WOULDN’T HAVE THE CONVERSATION.>>I GET SO ANGRY, THERE IS SUCH A DEFICIENT ECONOMICS HERE THAT IS BEING DISCUSSED. NOW I DON’T THINK TRUMP HAD ANY IDEA THAT THE STOCK MARKET WOULD GO OFF 1000 POINTS FROM THESE TARIFFS. I THINK THEY’RE SPOOKED OVER THERE AT THE WHITE HOUSE. CHARLES: REALLY? HE HAD TO KNOW THE MARKET WOULD HAVE ADVERSE –>>SOME OF THAT. BUT DON’T THINK THEY EXPECTED THIS. “WALL STREET JOURNAL” REPORT IS TRUE. THERE WAS INTERNAL CONFLICT ON THIS, CHARLES. LARRY KUDLOWS AND MULVANEYS WHO BASICALLY SAID WAIT A MINUTE HERE. THIS — CHARLES: THEY’RE MORE TRADITIONAL ITS, MORE TRADITIONAL ITS TO ECONOMIC ORTHODOXY BEING CONSERVATIVES. THEY DON’T LIKE TARIFFS ANYWAY TO BE HONEST WITH YOU.>>TRUE. CHARLES: MANY CONCEDED IN THIS PARTICULAR CASE, CHINA WE NEVER HAD REALLY FAIR TRADE ANYWAY.>>THAT IS WHERE I AM. I DON’T LIKE STEEL TARIFFS OR AUTO TARIFFS BUT YOU’RE DEALING WITH A COUNTRY, THIS IS NOT A FREE ECONOMY. THIS IS A TOTALITARIAN GOVERNMENT. IT IS CENTRAL PLANNED. THEY HAVE BECOME A MENACE. WE’LL HAVE TO FIGHT THEM ONE WAY OR THE OTHER. MY ADVICE TO THE PRESIDENT HAS BEEN LOOK, GET THE BEST DEAL YOU CAN FROM NOW WITH CHINA SO WE CAN GO INTO 2020 WITH A STRONG ECONOMY. YOU GET REELECTED. YOU SPEND YOUR SECOND TERM — WHAT WORRIES ME, CHARLES, IF IT HURTS ECONOMY, THAT HURTS HIS CHANCES OF GETTING REELECTED. THAT HAS NEGATIVE FEEDBACK EFFECT POSSIBLY. CHARLES: THAT ARTICLE YOU REFERENCED WITH THE INFIGHTING, MANY ARE SAYING HEY, YOU HAVE PETER NAVARRO IS THE LONE PERSON IN THE CIRCLE ARGUING –>>LEAVING OUT SOMEBODY. CHARLES: LIGHTHIZER?>>DONALD TRUMP. DONALD J. TRUMP IS NOT CONVENTIONAL FREE TRADE GUY. HE THINKS LIKE THIS. I HAD MANY DISCUSSIONS ABOUT THIS. HE BELIEVES CHINA WILL HAVE TO FOLD HERE BECAUSE THIS, IT IS HURTING OUR ECONOMY. IT IS KILLING THEIR ECONOMY. BUT THE PROBLEM WE’RE NOT DEALING WITH RATIONAL PEOPLE IN BEIJING. THE RATIONAL THING FOR THEM TO DO WOULD MAKE A DEAL WITH TRUMP, BOTH ECONOMIES WOULD BENEFIT. THERE IS NOTHING TRUMP IS ASKING THE CHINESE TO DO IS UNREASONABLE, RIGHT? CHARLES: THEIR GOAL TO THE WORLD DOMINATION.>>I KNOW. CHARLES: RELIES HEAVILY ON THE ABILITY TO CONTINUE TO STEAL OUR INTELLECTUAL PROPERTY.>>THAT MEANS THAT THEY, THEY ARE INCAPABLE OF PRODUCING INNOVATION AND TECHNOLOGY. MAYBE NOT. CHARLES: AT THE PACE THAT THEY WANT. THEY ARE CAPABLE.>>HERE’S THE THING, BECAUSE THEY HAVE NO RESPECT FOR INTELLECTUAL PROPERTY, THEREth IS ACTUALLY HURTING THEIR OWN RESEARCH AND DEVELOPMENT. CHINESE COMPANIES ARE STEALING FROM OTHER CHINESE COMPANIES. IT IS BAD FOR THE WORLD ECONOMY WHEN YOU HAVE THE SECOND LARGEST ECONOMY IN THE WORLD NOT RESPECTING INTELLECTUAL PROPERTY RIGHTS, THAT REDUCES INNOVATION, TECHNOLOGY, RESEARCH AND DEVELOPMENT SPENDING. IT IS BAD FOR EVERYBODY. TRUMP IS FIGHTING THE GOOD FIGHT HERE, NO DOUBT ABOUT IT, BUT BOY, THIS IS PAINFUL. WE’VE SEEN A TRILLION DOLLAR LOSS IN THE STOCK MARKET LAST COUPLE DAYS. CHARLES: SO FAR WE’VE SEEN TWEETS, THEY REVOLVED AROUND CURRENCY MANIPULATION. NOTHING ABOUT THE NEXT POTENTIAL MOVE FROM THE WHITE HOUSE. CHINA HAS BEEN VERY AGGRESSIVE IN THE LAST 12 HOURS, MANIPULATION OF CURRENCY, REMOVING EXEMPTION ON TARIFFS ON AMERICAN FARM GOODS. NOT BUYING MORE FARM GOODS. SOME ARGUE THEY REALLY HAVEN’T BEEN ANYWAY.>>RIGHT. CHARLES: FEELS LIKE THEY’RE PLAYING ALL THE CARDS AT ONCE.>>THIS IS ESCALATING, NO DOUBT ABOUT IT. CHARLES: IT IS ESCALATING. THE BALL IS IN OUR COURT.>>I DON’T SEE TRUMP BACKING DOWN. CHARLES: DOES THE 10% GO TO 25%?>>I DON’T KNOW ANYBODY KNOWS THAT QUESTION. I DON’T SEE TRUMKA PIT LATING. KNOWN HIM. THIS IS THE EPIC BATTLE OF OUR TIME. THIS IS THE NEW COLD WAR WE’RE IN FOR BETTER OR FOR WORSE. WE CAN’T LOSE. THE WORST POSSIBLE OUTCOME FOR THOSE IN THE WATCHING THE STOCK MARKET, WORST POSSIBLE OUTCOME FOR AMERICA TO CAPITULATE. WE CAN’T GIVE IN TO CHINA AT THIS POINT. WE JUST CAN’T. CHARLES: YOU TALKED EARLIER ABOUT SMALL VICTORIES BEFORE THE 2020 ELECTION. FELT LIKE PRESIDENT TRUMP WAS WORKING TOWARDS THAT. EVEN THERE, PROMISES OF BUYING MORE AG, STOPPING FENTANYL, I THINK ON THOSE LOW-HANGING FRUIT CHINESE RENEGED ON.>>YOU’RE EXACTLY RIGHT. THAT IS FRUSTRATING TO ALL OF US. WE’RE DEALING WITH IRRATIONAL PEOPLE OVER THERE AND THAT MAKES IT REALLY DIFFICULT TO GET A DEAL. APPARENTLY THEY’RE WILLING TO HURT THEIR OWN COMPANIES, THEIR OWN PEOPLE, SOMEBODY ASKED ME EARLIER, THIS IS SO OBVIOUS THEY’RE HURTING THEIR OWN PEOPLE. THEY DON’T CARE. THIS IS TOTALITARIAN GOVERNMENT, THEY WANT TO KEEP POWER. JUST AS THERE ARE MANY CAMPS HERE ABOUT THE RIGHT STRATEGY THERE ARE ALSO MANY CAMPS IN BEIJING. LET’S PRESIDENT XI DEALS WITH THE PEOPLE THAT WANT TO MAKE A

100 thoughts on “Steve Moore on trade: Donald Trump doesn’t back down

  1. we Know Nobody In International Economic growth Would Ever Take Advice From These Guy's or A Myzer That Won't show he's Taxes!
    Stealing Christmas!

  2. A response I posted to some goof that thinks Tariffs will chase business away. :

    See no they do not because if there companies are on foreign soil and there product is made on foreign soil then they pay a tariff to sell there product on American soil, better to just produce on American soil. So you do understand briefly we may pay more. However a company wants to make money. So they will always go where its is cheapest. If it is easier and cheaper to pay American workers over foreign workers. Why wouldn't they?

    Lets not forget paying transportation and shipping of all incoming parts and products and all out going parts and products form one country to another, and the tariffs on all of that to sell in any other market. See all countries have tariffs of some sort. Even Communist and socialist. how? They either out right own or have a controlling ownership of said manufactures and businesses. Why? Because NO government ever loses a chance to TAKE a slice of the pie to help the so called "working people". (Side not : notice no mention of the Non-working people?)

  3. Communism by nature is EVIL. It does not recognise ethics or morals as the rest of the world knows it. Collectivism is about total power in the hands of a very few, by whatever means necessary. ''Freedom is worth whatever it costs''. Go Trump.

  4. Correct me if I’m wrong, but a weakened yuan mean American goods become more expensive for Chinese…which means a decrease in both investments and demand for American products, thus resulting in the market sell off…

    In other words, this negatively impacts the US economy more than China right?

  5. Ahaha, can see the st upid Americans rioting in shopping malls because they can't buy their cheap Chinese toys, in between mass shootings.

  6. Bring manufacturing back to America. Stop lending money and transferring tech to china who uses them to build its war machines.

  7. THE STOCK MARKET IS NOT A REFLECTION OF THE ECONOMY. TRUMPS ECONOMY IS BOOMING. YOU IDIOTS THINK FIXING A FESTERING WOUND WILL CAUSE NO PAIN ? FOR FAR TOO LONG CHINA HAS TAKEN ADVANTAGE OF AMERICA. TIME YOU FIGHT BACK !

  8. 🔴China export everything to US and we only export agriculture products to them🤔 Who’s winning again? Manufacturing is not coming back. Stop dreaming about that. Capitalism abandoned this country a long time ago, it went to China, Brazil, mexico etc. The private companies that left nobody told them to leave, they did it because is more profitable. They don’t care about being American or so on. Wake up and start accepting they don’t owe you nothing. Want free markets, there you go.🙄🤷‍♂️🤦‍♂️

  9. Great Again tariffs. Without an immediate trade agreement with the US, China's economy is going to totally COLLAPSE. Being tough on China and fix trade unfairness was one of President Trump staple election promises and he's NOT going to back down from what's good for America.

  10. Forget this guy trump. he's a hater. Where with you donald ,all the way. Keep it going ,pedal to the metal !!!! GOD BLESS TRUMP AND THE TRUMP TRAIN !!! p.s. No one else even tried to take on china. so as far as i'm concerned. Donald won this trade war, the day it started. no matter how it turns out. butb were still gonna win though.

  11. President Trump is a genuine leader. He hasn't made one mistake yet, but the Democrats sure have…many mistakes. So I trust our President. to make the right decisions whether some like it or not…America is years ahead of where we were 3 years ago. GOD BLESS PRESIDENT TRUMP, his family and Mike Penceand his family…and GOD BLESS AMERICA!! AMEN!!

  12. In other news Hong Kong police are tear gassing and shooting with rubber bullets the protesters that have been going on for over a month and currently have pretty much shut the city down for the whole weekend.

  13. China is not afraid of US pressure, and will fight till the end if the US wants to continue the trade war. Trump administration under-estimated the importance of national sovereignty and dignity to Chinese leaders as well as the ordinary Chinese.  Trump’s standard negotiating practice — pitching some kind of fit at the very last minute, when the other party thought things were settled, in hopes of bullying his way to a better deal. Will not work with China.

  14. No country on the planet can dominate it. History's grave yard is replete with tyrants and countries who attempted who tied it. And, those who do not learn from histories mistakes are doomed to repeat them.

  15. Like any other communist country they have no innovation because why should anyone innovate whenever they don't get credit or compensated for their creations?

  16. China = slave labor

    China = labor camps

    China = Child labor

    China = Currency manipulation

    China = Intellectual threat

    China = Marxism

    China = threat to our asian allies

    China = trade imbalance of $600 billion per year

    China = loss of US jobs

    China = closing down of 60 000 US manufacturers

    China = harvesting organs of political prisoners

    China = Our No.1 enemy

    Trump 2020!

  17. Democrats have been asking for tariffs on all imports for a long time. Good gob Trump more tariffs bigger tariffs its a democrat dream!

  18. In the past 100 years,

    the Chinese survived a Civil War that was 100 times more horrible than ours,

    they survived earthquakes and other disasters much worse than we have ever seen,

    they survived leadership that was utterly corrupt,

    they survived leadership that was utterly dictatorial,

    they survived economic downturns which led to mass famine,

    they survived many many invasions and wars,

    they survived both Communism and Capitalism.

    They are much tougher than we are.

    And Xi is much smarter than Trump.

  19. Through the history Chinese are very rational: they believe in utter passion and patriotism of population, they can suffer longer (as long as it takes) than any other nation, and they never surrender.

  20. This drop in the stock market is great news, Chinese pulling money out because they have to making America buy in to our own businesses cheaper.

  21. China wins the day, DOW tanks, Tariffs are bad! US makes 7 billion a day from China's tariffs, farmers are on President Trumps, don't dump list, FED puts more money into farmers pocket, farmers grow more. P.S. the president understands farmers were screwed by the government late 20's and 30's ~ Dollar one of tariffs goes to farmers, food will always find a home, circuit boards get old fast, 1 in 22,387 dollars leaves the market for use, the other 22,386 just move over, like when someone has a headache. DOW will be up at the end of day tomorrow, 273 points, How do I Know that? Like everyone on the media and some press, I just write what I write, kinda like, Donald J. Trump will never be elected President of the United States. They were right, just 8 years ahead of themselves, you can now see how wise the media and press is, They can see the future and report is boldly, The market will crash the market will crash, a BOLD statement by some, fools act on stupid, stupid act like fools, If you are the 1 in 22,387 Friday would have been a better day to sell, if not, it's a miner headache, take the aspirin bottle with. 273 points or I'm a little short on being right, but if I'm correct, nothing will change, same as being wrong.

  22. The S&P 500 was down 1.7%. That’s a lot for one day, but don’t overstate. Too much of the market is in big tech that depends on China. That’s what corrected.

  23. Goldman/Sachs is part of the Deep State Swamp, so of course they would lie about WHO is paying the price for it.

  24. When did we start believing anything the Chinese say? They manipulate everything, always have, trust what you see with your own eyes not what your hear. Kabuki theater

  25. Recession will be here next year. America’s debt is high.We want our jobs back and higher wages.A lot of us are working 2 jobs. Trump is not helping us. Corrupt man.

  26. WE CAN MAKE THIS! CHINA TBEY BEEN STEALING FROM US, WE NEEDED TO NOT DOING BUSINESS FROM THEM. YES WE HAVE TO SUPER. IS NOT EASY. BUT WE CAN BITE THEM!

  27. The "art" of trading? Yeah right, Trump's economic war is soon to be a real war. Thank good the US has a lot of brainwashed loyal troops to go die for Trump

  28. Trump wants a deal that means surrender and bending the knee. That's no way a reasonable deal for any rational nation so screw Trump

  29. The US and its allys must stand agains bullying lieing China..with balls and strength….and bring China to its knees

  30. 🤣🤣🤣 Who would have guessed that the tweet/tariff strategy would not go well?!?! Americans pay the tariffs. Retailers have already passed on the cost. Farmers have been put on welfare to mitigate the harm against them. Lastly, Moore is right. djt will not back down. He has already said that the best way to do something is with other people's money. In this case, it is the money of Americans.

  31. I like Steve, but short term pain will net long term gain. I'm glad the President is playing the long game and isn't concerned about reelection over doing what needs to be done now.

  32. The FED shills for China. Terrorists have taken over our government, the FED is the enemy of this country.

  33. What is up with fox news and the disabled comments???? Let us know when our opinions matter and we will subscribe again!

  34. China is praying for a Trump defeat in 2020 but they are going to be CRYING and jumping off rooftops when our great Pres. Trump wins 2020 in a huge landslide win.

  35. They are using a strategy called Competitive Devaluation. Lowering the yuan to counter the tariffs. Trump has to make a bigger move on the tariffs. The currency war has begun is on and its real.

  36. You are still my favorite president, Donald Trump! No matter if you are president or not,I am still standing in your defense, and I will will not back down without a fight!!!🇺🇸😡🐉🐲⚔🛡🗡⚰

  37. This is the New Cold War, this time against China instead of the Soviet Union. The Chinese government is behaving criminally and making enemies internationally. Her own people are more than ready to rebel, and soon will if their communistic totalitarian government continues to oppress them. I give it a couple of years before all hell breaks loose in that country.

  38. Trump will bankrupt the US like all his failed companies, Trump is a horrible businessman, if it wasn't for his daddies money he'd be living in a trailer park like most of his followers.

  39. There is only one path forward. Victory. Trump is not only not intimidated, he’s emboldened by each action he has to take. He is seen as fighting for US industries as well as seen as supporting ally economies. China can’t treat him as they did with other non business presidents. He has been waiting for a chance to fight and therefore won’t let it pass without real achievements. I’m so glad he’s fighting this battle and winning. There is clarity in his aim and a fierce iron clad commitment to see it through. China has tested other presidents, I hope they can test him as well so that he have a reason to crush them.

  40. Did You Ever Wonder Why The National Debt Keeps Going Up and Up?

    One of the most ungodly and fraudulent institutions ever perpetrated on the American people and the world, is the Federal Reserve System which through deceit became the central bank of the United States in 1913. The idea came about on a meeting in Jekyll Island off the coast of Georgia in 1910. The bankers in this country, especially J.P. Morgan, created a currency panic in 1907 in order to get the American people to accept the idea of a central bank.

    A central bank already existed in England from as far back as 1694. The Rothschilds completely dominate the banking system. It is estimated their wealth goes into the trillions.

    Baron Nathan Mayer Rothschild boasted:

    • "I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man that controls Britain's money supply controls the British Empire, and I control the British money supply."

    The idea of a central bank is to so enslave the people of the country to a debt money system that you continue to collect taxes continuously which just covers the interest. The duped people of the United States are paying about $400 billion dollars per year to the IRS which is the collection agency for the Federal Reserve. By the way, the Federal Reserve is a privately owned bank with 10 private members. The Chase Manhattan Bank is a member which is owned by the Rockefellers who are Rothschild Agents.  I will list the ten member banks at the end of this article..

    At this point the citizens of the United States falsely owe these lemmings over 13 trillion dollars. Have you ever asked the following question?

    WHO HAS THAT MUCH MONEY TO LOAN TO THE UNITED STATES?

  41. Trump don’t give a sht about the American people. This is a guy who likes to protect his ego. He was caught on tape talking about cheating on his wife and dodging the Vietnam draft and everyone trusts him like a saint. Incredible

  42. If the Chinese are paying for this (I believe that's true) lets really charge them big bucks of the tariffs, so much so that they have to sell back all those US treasury bonds back to us at a great discount / price. Or maybe really have to have a fire sale on human body parts so much so that the PEOPLE start fighting their government to stay alive

  43. Or if China is paying for that, then thanks your stock market is doing well remember it was 27.503 now is 25.684 you keep blindfolding your own people if you don't give in will see who is crying fast.

  44. Glad the bower in chief isn't in the white house. The Chinese aren't used to dealing with a REAL president who won't back down.

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