Last week, China informed Korean companies that make magnets, electronic components, and other products with rare earths from China not to export them to the US.
This week, Trump backs down after insisting that China make concessions first. LOL
Korea has been punished to the tune of several tens of billions of dollars for THAAD, which is mainly for US defense. It detects long-range high-altitude missiles.
The US did not defend Korea from China at the time or afterwards.
US news media is purposefully not reporting on China's banning of exports from Korea and other countries to the US.
Felon, liar, sex offender, extortionist, paper tiger, bankrupts many businesses, uses lawsuits to wear out opposition, narcissist, white supremacist, no ally of mine...
Trump is president for 3 years and 10 months or so, while Xi, Putin, Kim, Iranian nut, and others are long term planners.
I understand that Trump is trying to cut the deficit and taxes, but after spending a couple months enacting revenge on what he feebly recognizes as enemies, to suddenly attack other countries as thieves and unfair is ridiculous.
If anything, it's the westerners that have done the stealing.
To say the US has a trade deficit but exclude software, services, entertainment, education, and other services is misrepresentation. Could get sued.
Lying leads to cognitive dissonance, which is clearly infecting Trump's consciousness.
Japan, China, and many other countries that Trump says stole jobs buy bonds that help keep America afloat and prosperous.
Foreigners hold about 25-30% of US debt?
Run up debts and then fight with the creditor? Creditor could refuse to buy bonds, maybe demand higher interest.
So, Trump pays attention to the bond market. Last week, stocks went down but bond yields went up (to raise bond sales). Usually bond sales go up when stocks go down.
The US owns many services markets. Such as essential software for designing semiconductors and complicated electronic devices. Exports of software are not included in import-export figures, which are based on goods shipped into and out of countries. Many of these software companies each have revenues of tens of billions of dollars.
Youtube, Facebook? Add them into the import-export figures and a different picture emerges.
The entire service sector, including education, is not included.
When those figures are included, America's trade deficit is not so large.
What a frigging liar and cheat! And still people say they believe what he says. I bet most of his supporters know he lies, but support him because they are anti-social.
Trump seems to be about diverting attention from what he and his bunch are really trying to do. From their nature and past actions, most likely making money and avoiding taxes.
Talk crazy and divert attention to make money and avoid taxes.
