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China needs food way more than we need their junk. They will lose the trade war.

another hidden tax

Manufacturing jobs have been lost in the US because China can produce products cheaply. Tariffs address this problem.

They are in it for the long run, and since Trump is limited to two to six more years, they may outlast him on this. If the economy tanks because of this stupidity it may be sooner than later.

READ THIS....https://www.zerohedge.com/news/2018-09-18/their-own-words-202-companies-explain-how-they-are-hurt-us-china-trade-war

You mean more tariffs. They already have way too many tariffs on us already.

Now were negotiating...

Surely no wealth redistribution schemes are afoot, just before the global economy collapses

The US needs to look at India or Mexico to make all our products

two statist ramping up the tariff-incomes for their states

I absolutely love the photo. They're both having a good laugh about beating the consumer with a stick so that they learn how to play their properly empowered role in the real economy. Some people learn quickly, others take time.

Don't forget, Peter manages Euro Pacific Capital Inc., heavily invested in Asian companies. It's not in his best interest if China starts competing on level ground.

I'd rather see some middle ground and compromise. The question to ask I presume is what's the endstate with these trade wars? Is there a goal to be had here? Just a fair trade deal? How much closer are we to fair?

Just watched a jim Rickards video from Feb. Made some interesting points about the Fed wanting inflation. He said they can't tax deflation...

Both of the things that we ship there will get taxed.

Shouldn't it be rather: "China hits back at China"?

Peter Schiff - Consistently shouting "The Sky Is Falling!!!!" since 2009.

It's a game China can't win

What do we sell there? 80 cars a year ?

So what?

Tell me when I’m winning.

Xlm

Tariffs are the only rational policy to a large competitor that is using its advantages to "dump" goods in your market in a way that risks the destruction of your own industries. We used them very successfully in the 19th century to grow our manufacturers and there is no reason why we cannot do so again. The U.S. literally holds almost all the cards here. China makes tons of goods but those are useless to them without a market in which to sell them. Europe, Africa, South America, Australia, and the rest of Asia together cannot absorb the difference between what China wants to sell and what China can sell with these new tariffs. We could still provide them that market but they have to play ball. They are not playing ball and so we jack up the cost of doing business in a way that helps our own businesses but hurts theirs (a reversal of decades of policy). Stopping the flow of U.S. dollars to China keeps those dollars at home where they will be invested in our economy instead. Hence, our economy grows and China's shrinks. And we can do this all day because even if the price of domestically produced goods grows the money is still in our economy instead of going to China.

That dumb-ass moron named Peter Schiff is the biggest cheater I ever met. He is not only cheating us but also his wife by hiding over 35 million dollars at the Bank of China from his wife and children. He who believes him has already lost.

hmmm I wonder who fires the first missile 🤔

Scoff at Peter all you want. I know I do it occasionally as well. But I will confirm that our business which was going great guns since Fall of 17 has definitely seen a drop off. Kind of a slow bleed off not a falling off a cliff. We sell a discretionary product for the fitness trade and we are hearing from many that budgets are stretched. Rents,wages,Utilities and insurance costs are eating into bottom lines. A lower corporate tax only benefits you if your profit stays the same or grows. Also have seen a tick up in businesses closing. That’s never good. We are part of the Philadelhia index region so I won’t be surprised if we follow suit.

Wouldn't a #goldbacked #cryptocurrency be the answer to all the issues?

Get ready,,gold back below twelve hundred within the hour

We are seeing more of the Stag in Stagflation. This is a reboot of the Stagflationary 70s.

Peter when will the increasing rates start eating the economic activity ?

tell me Mr Schiff , why are you happy to see your country fall

Simply put all those who call end the Fed well think about it for just one moment, do that and you will certainly have which ever party is in Control fuck shit up more and more.. I myself certainly don't want Democrats back in Control or else you can all Americans the Voters be screwed for damn sure! Oh yeah it's screwed enough as is..

Peter Schiff why don't you run for president and fix all these problems.

Two line graphs that go together for most of the time and then suddenly diverge. Oooooh! The sky is about to open up and collapse! So scary! {{{Shiver}}} 😉 I have seen these on Zethrohedge for a million years now. If there is anything that means less than this, I am not aware of it.