President Trump: If The Situation Continues 'There Will Be Nobody Left In China To Do Business With'

..There will be nobody left in China to do business with. Very bad for China, very good for USA! But China has taken so advantage of the U.S. for so many years, that they are way ahead (Our Presidents did not do the job). Therefore, China should not retaliate-will only get worse!

— Donald J. Trump (@realDonaldTrump) May 13, 2019

Zero Hedge: Trump: Beijing "Will Be Hurt Very Badly" If They Retaliate With More Tariffs

As Washington and the investing public wait to learn more about Beijing's plans for retaliation following the latest round of trade-war escalation, Trump tweeted on Monday that Beijing would retaliate at its own risk: If it follows through with another round of retaliatory tariffs, Trump warned, there would "nobody left in China to do business with."

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WNU Editor: President Trump is right on the long term impact of a trade war on China. Foreign companies will be moving their business to countries that are not impacted by U.S. tariffs. He is also right about the impact of tariffs on U.S. GDP numbers. U.S. manufacturers are now competitive with Chinese goods, and they are taking advantage of this by boosting their own production. But not everyone is cheering. There are some in the media who are critical of President Trump's tactics in the current trade war, starting with the need to keep trade negotiations in private. .... Trade talks become trade war (Axios). I agree with the need to keep trade negotiations in private, but when they fail, and in this case they have failed despite President Trump expressing optimism for the past two years that they would succeed, there is a need to go public to explain what happened, and what will be done next.

Hat tip to Fred for the Axios article.

from War News Updates http://bit.ly/2VC1GW3