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Tariffs / Trade Wars / Tweets

Does he have any idea how markets work? Providers, refiners, distributors can manipulate the market to a degree but eventually someone will need cash and the oil will flow. If there is surplus the price will fall if not crash.

every day that stays manipulated, is a win for those doing the manipulating.
 
Evidently The Donald hasn't had it explained to him that OPEC no longer controls the oil market. In Trumpworld, time stopped in the 80s.

Shouldn't the left be supportive of this type of rhetoric? It's a friggin' cartel for goodness sake. OPEC is still the major player in oil.

EIA:
OPEC member countries produce about 40 percent of the world's crude oil. Equally important to global prices, OPEC's oil exports represent about 60 percent of the total petroleum traded internationally.

OPEC (not sure how accurate):
OPEC Share of World Crude Oil Reserves. According to current estimates, 81.5% of the world's proven crude oil reserves are located in OPEC Member Countries, with the bulk of OPEC oil reserves in the Middle East, amounting to 65.5% of the OPEC total.
 
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Are we not really surprised? Ignorant 'leader' leading a team of self-interested public servants. Trump couldn't lead a boy scout troop never mind being CIC.
 
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Watch your 401k move!!



Trade wars are fun. Very winnable.

On to Chinese Trade War next!!
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Smartest President ever.
 
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Dumbness personified.

He was the one who started the tariffs and abolished free trade? And that's only in a space of less than 1 month
 
As new tariffs take hold, more see negative than positive impact for the U.S.
http://www.pewresearch.org/fact-tan...ee-negative-than-positive-impact-for-the-u-s/
FT_18.07.19_tariffs_more-say-increased-tariffs-bad.png


Americans’ views of the new tariffs between the United States and some of its trading partners tilt more negative than positive, a new Pew Research Center survey finds.
Overall, nearly half (49%) of U.S. adults say increased tariffs between the U.S. and its trading partners will be bad for the country. A smaller share (40%) say the tariffs will be good for the U.S., while 11% say they don’t know how the tariffs will affect the country

The survey, conducted July 11-15 among 1,007 adults, finds that attitudes toward the tariffs are deeply polarized. About seven-in-ten (73%) Republicans and Republican-leaning independents say increased tariffs between the U.S. and its trading partners will be a good thing for the country.

Roughly the same share of Democrats and Democratic leaners (77%) say the increased tariffs will be a bad thing for the U.S.
 
Tariffs on steel and aluminum increased on Turkey. For the most part I'm against tariffs but do not feel sorry for Erdogan at all.
Odds are that Turkey experiences a fiscal meltdown. Between Erdogan's fiscal policies, a lack of confidence in the ability of his government to do squat, and the fact that the U.S. government isn't going to help him out, it is hard to see how this doesn't go full-metal Argentina before it is all over.
 
Tariffs on steel and aluminum increased on Turkey. For the most part I'm against tariffs but do not feel sorry for Erdogan at all.
Odds are that Turkey experiences a fiscal meltdown. Between Erdogan's fiscal policies, a lack of confidence in the ability of his government to do squat, and the fact that the U.S. government isn't going to help him out, it is hard to see how this doesn't go full-metal Argentina before it is all over.

Turkey has been playing with fire for awhile. Their move to acquire Russian weapons systems is problematic in the military cohesiveness needed for NATO and Erdogan is an Islamist strong man. However, what really set all of this off was Turkey holding an American pastor hostage over trumped up charges and then watching on a deal to release him after Trump convinced Israel to release a Turkish person being held on terrorism charges.

Erdogan made the mistake of misjudging who the biggest dog in the room really is. And with his economy swirling the toilet, he picked the absolute worse time to pick the fight. I am hoping that some members of the Turkish military are still sane and that they are able to give that guy the tyrant treatment.

https://hotair.com/archives/2018/07/27/erdogan-stiff-trump-brunson/
 

Rubber is about to hit the road...
Ignorance is bliss. "As a hard-core right-wing guy, I'd be disappointed if he sided with the corporate greed side." What he doesn't realize is the steel spine of the right wing is the corporate greed side.

I've mentioned before noticing the strut in the step of blue-collar Trumpsters. They have a pride to them that they are represented and they finally feel like they can be themselves. Ironically, that's the same with the CEOs and it doesn't trickle down.
 
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Ignorance is bliss. "As a hard-core right-wing guy, I'd be disappointed if he sided with the corporate greed side." What he doesn't realize is the steel spine of the right wing is the corporate greed side.

I've mentioned before noticing the strut in the step of blue-collar Trumpsters. They have a pride to them that they are represented and they finally feel like they can be themselves. Ironically, that's the same with the CEOs and it doesn't trickle down.

Whats amazing is the level of nativity or its juat financial desperation, having the system squeezed you till you have no one left but to depend on the Con-man?
 
Whats amazing is the level of nativity or its juat financial desperation, having the system squeezed you till you have no one left but to depend on the Con-man?
Democrats haven't solved the problem of the declining power of unions, their former tie to blue-collar midwesterners who defected to Trump. This is a real and serious economic problem for these people. They turned to Trump because he convinced them he could help. A Democrat can promise help too, but they'll know whether someone has actually helped them or not, promises up or down.

Bottom line, though, is that the Trump guy in that video was thinking like a working-class middle-of-the-road, populist, even though he has come to align himself to elitest, right-wing politics. There's a clear disconnect there.
 
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What profound logic...

Plus tariffs will help balance the budget...
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Mister I Win-Win -- and you wonder why he declared bankruptcy four to six times.
 
My folks were farmers for 50 years until they sold their farm a year ago. Tariffs not only crush current sales it pushes buyers (China in this case) to look for other sources. So this round of misguided tariffs will effect farm income for years. Not only is China tracking down different sources of soybean oil and meal they are trying to expand their own production. "Trade wars are easy to win" is a simple line for simpletons.
 
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so what's the price of soybeans now vs pre tariff? seems that's an important fact to just leave out.

it's amazing how much more concern there is for farmers than there ever was for workers in manufacturing.

just slap a big tariff on everything that can be produced or serviced from the US.

winners will be the working class who desperately need the win.

losers will be the investor class who don't.
 
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