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China trade escalation unfortunate, loss for them, US Treasury secretary says

11 pointsby suraciabout 1 month ago

5 comments

_rmabout 1 month ago
But what at the polls when Americans can no longer buy lots of cheap crap online and have to go to work in a factory...<p>All great in principle, but we humans aren&#x27;t actually principled beyond fanciful proclamations that we are, and are in fact a mere step or two above a dog growling when you touch its bowl.
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BMc2020about 1 month ago
Opening up trade with Red China was supposed to make them more democratic. It didn&#x27;t. (This talking point has long been forgotten of course).<p>If it&#x27;s bad for the PRC it&#x27;s fine with me.
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raszabout 1 month ago
<a href="https:&#x2F;&#x2F;www.gq-magazine.co.uk&#x2F;article&#x2F;the-best-fights-between-donald-trump-and-gary-cohn-in-bob-woodwards-fear" rel="nofollow">https:&#x2F;&#x2F;www.gq-magazine.co.uk&#x2F;article&#x2F;the-best-fights-betwee...</a><p>Cohn starts assembling every piece of economic data to try and convince Trump that American workers did not aspire to work in assembly factories. “See,” he says to Trump at one point, “the biggest leavers of jobs – people leaving voluntarily – is from manufacturing.”<p>“I don’t get it,” replies Trump.<p>Cohn soldiers on. “I can sit in a nice office with air conditioning and a desk, or I can stand on my feet eight hours a day. Which one would you rather do for the same pay?”<p>Trump still wasn’t buying it.<p>Eventually, exasperated, Cohn simply asks Trump: “Why do you have these views?”<p>“I just do,” Trump replies. “I’ve had these views for 30 years.”<p>“That doesn’t mean they’re right,” says Cohn. “I had the view for 15 years I could play professional football.”
cjbenediktabout 1 month ago
Well, he would say that, wouldn&#x27;t he. Could hardly say &quot;sh...t, we got that wrong&quot;.
JohnFenabout 1 month ago
It&#x27;s a loss for everyone, which is why it&#x27;s so baffling that Trump and the Republican party has decided to engage in economic warfare against not just China, but the whole world.
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