China is getting crushed by this trade war: Steve Moore

China is getting crushed by this trade war: Steve Moore


AND TALK ABOUT THIS. LIZ: STOCKS BOUNCING BACK. THE TRUMP ADMINISTRATION LABELED IT A CURRENCY MANIPULATOR. LARRY KUDLOW HE HE SEES NO RECESSION DESPITE MORGAN STANLEY WARNING THERE COULD BE A RECESSION AFTER THE ELECTION.>>THIS IS A TRANSFORMATIVE PRESIDENT WHO IS GOING MANY PLACES WHERE FORMER PRESIDENTS IN BOTH PARTIES HAVE FEARED TO TREAD. HE’S DETERMINED. HE’S REBUILDING THE AMERICAN ECONOMY WHICH IS VERY STRONG. AND I THINK PART OF THAT HAS TO BE TRADE. AND I AM CERTAIN HE’S GOING TO STAY ON TRACK. HE SAID HIMSELF WE WOULD LIKE TO NEGOTIATE. WE ARE PLANNING FOR THE CHINESE TO COME HERE NEXT MONTH. IF THERE IS A GOOD — HE MAY RECONSIDER SOME THINGS. BUT HE’S ALSO SAID THERE IS NO GOOD DEAL, NO PROGRESS. SO HE’LL RECONSIDER SOME THINGS ON THE OTHER SIDE.>>JOINING ME NOW. HERITAGE FOUNDATION CHIEF ECONOMIST. STEVEN MOORE, GREAT TO SEE YOU, STEVE. CHINA IS NOT BUDGING TO DESPITE TARIFFS. WHAT IS THE DEAL THE PRESIDENT WOULD ACCEPT? THIS HAS TO COME TO AN END SOMEHOW.>>THE PROBLEM THE LAST WEEK IS THE HARDLINERS HAVE TAKEN A HARD TIME IN BEIJING AND THEY ARE RETRACTING SOME OF THE DEAL PUT ON THE TABLE FROM A MONTH OR TWO AGO. THAT IS EXTREMELY FRUSTRATED THIS PRESIDENT AS HAS THE TRADE NEGOTIATORS. IT’S HARD TO DEAL WITH A COUNTRY THAT ONE DAY SAYS ONE THING AND THE NEXT DAY THEY DO THE OPPOSITE. THE TRADE WAR IS HURTING US, BUT IT’S HURTING CHINA EVEN MORE. CHINA IS GETTING CRUSHED BY THE TRADE WAR. THE POLITICIANS DON’T ALWAYS DO WHAT’S BEST FOR THEIR OWN PEOPLE. IT’S NOT GOING TO BE A GLIDE PATH TO A DEAL. IT’S GOING TO BE THIS CONFUSION AND RAIN CORIOUS RHETORIC UNTIL DAMAGE, YOU WAGE AND SAY WE GOT A DEAL. I THINK THAT DEAL WON’T BE A GREAT DEAL. THEY WILL HAVE TO MAKE SOME CONCESSIONS CLEARLY ON THE INTELLECTUAL PROPERTY ISSUE WHICH I TALKED TO THE PRESIDENT ABOUT. HE TALKED ABOUT THE THEFT OF OUR TECHNOLOGY. BUT ALSO THEY ARE GOING TO HAVE TO BAY MORE OF OUR BASE.>>NO REASONABLE PERSON WOULD THINK IT’S OKAY THAT ANY COMPANY WOULD HAVE TO SHOW ITS GOOD TO A GOVERNMENT IN ORDER TO OPERATE THERE. IT’S WRONG. BUT AS YOU POINT OUT. CONSUMERS AND BUSINESSES SAY END THIS NOW. GDP GROWTH IS DOWN TO 2%. THE PRESIDENT DOES NOT WANT TO UNDERCUT HIS ECONOMIC BOOST FROM TAX AND DEREGULATION WITH THIS ONGOING FIGHT WITH CHINA. WHAT WOULD THE DEAL LOOK LIKE.>>NOT ONLY IS IT WRONG WITH CHINA IS DOING, IT’S ILLEGAL.>>WHAT DEAL WOULD THE PRESIDENT ACCEPT?>>I CAN’T SPEAK FOR THE PRESIDENT ON THIS. BUT LOOKING FORWARD, I THINK WHAT YOU WILL SEE IS A DEAL WHERE CHINA DOES AGREE TO BUY MORE OF OUR MANUFACTURED GOODS AND AGRICULTURAL PRODUCTS WHICH ARE THE BEST IN THE WORLD AND CHEAPEST IN THE WORLD. THEN YOU GET SOME AGREEMENT ON INTELLECTUAL PROPERTY. I TALKED TO OUR NEGOTIATORS. THE CHINESE DON’T ADMIT THEY ARE STEALING INTELLECTUAL PROPERTY. LIZ: THAT’S THE THING, THE PSYCHOLOGICAL MIND SET THEY HAVE. EVERYTHING THEY DO THEY THINK IS OKAY BECAUSE IT SERVED A GREATER GOOD. THE DOW DID LOSE TWO MONTHS WORTH OF GAIN. CURRENCY WARS CAN LEAD TO UNEXPECTED MARKET CARNAGE. CHUCK SCHUMER BEGGED TRUMP IN 2017, PLEASE LIST CHINA AS A CURRENCY MANIPULATOR.>>NO COUNTRY IN THE HISTORY OF THE WORLD HAS EVER GOTTEN RICH BY DEPRECIATING THEIR CURRENCY. THAT’S WHAT CHINA HAS BEEN DOING AND NOW THEY WANT TO DO IT AGAIN. LOOK, I THINK THE DEAL WILL BE, THEY WILL HAVE TO BUY MORE PRODUCT AND LOWER THEIR TRADE DEFICIT WE HAVE WITH THEM. THAT’S ONLY GOING TO BE THE FIRST STEP IN A MULT PELT. THIS CONFLICT WITH CHINA IS GOING TO GO ON FOR YEARS AND YEARS .NOT DECADE. WHAT I WOULD ADVISE TRUMP, GET THE BEST DEAL YOU CAN FROM BEIJING. ONCE YOU GET A DEAL — LIZ: THE PRESIDENT COULD POSSIBLY HELP THE U.S. MANUFACTURERS SET UP THEIR GLOBAL SPRY CHAINS ELSEWHERE — SUPPLY CHAINS ELSEWHERE IN ASIA.>>THEY ALREADY ARE. I WILL SAY THIS, I THINK THERE WILL BE A DEAL DONE BEFORE THE END OF THE YEAR. IT WON’T BE A GREAT DEAL, BUT IT WILL MOVE THE BALL IN THE RIGHT DIRECTION. YOU GET THAT DEAL DONE AND THE STOCK MARKET IS GOING RIGHT BACK UP. THE MARKET HAS OVERREACTED TO

100 thoughts on “China is getting crushed by this trade war: Steve Moore

  1. China needs to be crushed, like the way they exploit the economies of third world forcing them to bankruptcy with cut throat interests and fine printing one sided agreements, which have bankrupted unprepared African and Asian developing countries

  2. China isn't being hurt at all by this trade war…Tariffs are not the solution…Our farmers are being hurt,and China just banned our wheat…
    Who is gullible enough to think that this is working?

  3. Moore "US agricultural products are best and cheapest in the world" … facts … European countries do not like US agri-products because of the synthetic and genetic treatments … and US farmers are the most subsidized in the world allowing them to dump their products on the world market.

  4. There won’t be a good deal for US because China won’t has enough US currency to procure agricultural products. In order to maintain power, Xi has to fool his people that GDP is still growing even in currency war with the whole world. They thought domestic economic growth can help the CCP make it through the situation till after Tromp’s off. Thousands of trillions of RMB has already been exchanged in Hong Kong then transferred out into other currencies in at least last 10 years. That’s also one of main reasons that no PLA were sent to HK for suppression but sent unemployed gangsters and
    mainland police instead. Last night HK time, young girls are kidnapped and then arrested by polices in disguise by civilians’ vehicle according to live reported videos. Hong Kong youngsters need help.
    God has mercy !

  5. When communist China collapses their only hope will be agriculture. People outside of the cities will be riding their bikes for 20 miles just to get to work and earn enough to eat scraps each day.

  6. It was reported 1.1 Million North Vietnam soldiers and Vietcongs were killed by the US Armed forces whereas 53000 US Soldiers died. Still, the US lost the Vietnam war.

  7. Trump’s courage to tackle the China issue has completely won my vote for 2020. I am an independent with all my friends being democrats…i don’t care what they say. I think what trump has been doing is the only way America can have a healthy economy again. Despite the short term pain, this is the way to go!!!

  8. Basically TRUMP loves us, our Country, so get on board because MAGA is working . China used to own us but not anymore because we have a real President

  9. Um? Why the hell are you morons even talking about a trade deal with a country that is an Enemy of the State? America needs to move its industries manufacturing back to America, and build quality products. If you want cheap manufacturing we can give that to mexico and Latin america; and offset all this immigration at the same time.

  10. Shut up with your advice, you're an idiot..My advice is to hammer China forcing companies to get a different supply train..Eventually China will be a memory..If China doesn't want to play fair, screw 'em.

  11. Meanwhile nearly all the new 5g phones coming out are Chinese. None are American. I look forward to buying a Huawei, or perhaps a Xiaomi. The US seems like yesterday's news, tech wise. China simply doesn't need or want American products.

  12. Farmers are loosing big, Trump already spent the tariffs gains just to cover to bail out Farmers, that Americans spent already by paying increase in tariffs, remember we have a bankruptcy president…..we have an idiot that created this global chaos

  13. So Funny considering the US invented currency manipulation. China has halted all Agriculture imports from the US. They won't be a deal anywhere near what you had in export trade before trump. China will drip feed the US at best. Every time Trump accuses China of interfering in US elections or manipulation China' says there will be consequences. When China follows through, trump cries & whines "Unfair". It is pathetic. Trump used Hauwei as his trump card but that has backfired monumentally costing the US $billions in exports every month. These are reasons why trump was laughed off the stage at the UN meeting. The Alternate truth team has zero trust or respect outside the US. American farmers are committing suicide at record rates. These guys are just lying murderers.

  14. US is the one started the aggression, and then also the one who wants to talk. US is also the one saying china is hurt and will fall and that US is doing well. China has been quiet. So who is really getting hurt more?

  15. US likes to talk a lot and is also the biggest hypocrite of the world. FOX is just the dog of the US government, it will bark on everything its evil government says

  16. Fox NEWs loves to spread self comforting news to fool own under educated citizens. Beijing is not always doing things for own people? really, China lifted 800MM out of poverty, US has 80% live on paycheck and paycheck 40-50MM has no health insurance. China still grows at 6%, US is 2%, with trillion of debts and billions are added every month. Who is getting crushed here Lol

  17. ☝️ a country must prioritize and protect its own products or products from co- territories / friends… 👍
    ☝️ a government must protect its own people and promote legal laws & sense of equality & balance…

  18. we dont start and neither would we for instance. but i doubt we start any kind of E or Commerce slowdown. It's Christmas in China too Purschalsta 🏎️

  19. for crying out loud their communist they dont play by the rules, their playing capitalist with communist rule, how can you win,, so very of president he knows excatly what hhis doing…

  20. Trump Worshipers are so out of touch with reality it's embarrassing to hear them call themselves patriotic Americans.

  21. You dont have to show your goods to a government. Just dont do business there. No one is forcing you. If Americans want to point blame? blame the CEOs . Fine them and throw them in jail for being traitors. But thats what Stocks are all about and stock money make the world go round. So greed and money are the leaders of America.

  22. American industries are losing margins due to the tariffs and Chinese companies will swoop in and take up market shares.

  23. What needs to be understood about She Gin Ping is that he is a Confucianist.
    The number one thing that Confucius drums into the heads of his followers is, ME first, Me second Me third. Me fourth, Me fifth, then my family, then my Neighbors, then MAYBE way down the road my country.
    She Gin Pig does not care that 5 million jobs have been lost in China to the tariff war. He doesn't care that businesses are running out of China as fast as they can move.
    He cares that he is still as fat as Whiny the Pooh and that his family is fat, too and that HE HIMSELF STILL IS POWERFUL.

    You will get nowhere with a Chinese until you hit HIM PERSONALLY and or his family!!! PERIOD!!!

    Freeze She's personal assets or hit him PERSONALLY in some way, or just give up!

  24. China…the country that knocked out a US Navy plane international waters hijacked the crew then stole the plane for it's technology….Why & how do you negotiate with garbage like that who will never listen…

  25. China will not beat the US, simply China does not honor there warranties on the products they sell
    From your mates Australia

  26. is very important for China to continue the same for life not admitting that they are stealing not just intellectual property but everything from USA, remember that China MUST PAY BACK TRILLIONS AND TRILLIONS OF DOLLARS THAT THEY HAVE BEEN STEADILY STEALING FOR YEARS AND YEARS, SO BY PRETENDING TO BE INOCENT THEY ARE TRYING NOT TO GO TO JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL JAIL WHICH IS THE ONLY PLACE WHERE THEY HAVE TO BE FO ETERNITY.

  27. with the exception of cheap Christmas and birthday gifts, I haven't felt any economic pinch from the tariffs. the only consumers I can imagine who are getting hurt, are consumers of Chinese financial products. to them I say, you've made enough off of the suffering of the Chinese slave labor and the unemployed American workers. go spend your ill-gotten gains, and let Trump fix what you broke.

  28. with the exception of cheap Christmas and birthday gifts, I haven't felt any economic pinch from the tariffs. the only consumers I can imagine who are getting hurt, are consumers of Chinese financial products. to them I say, you've made enough off of the suffering of the Chinese slave labor and the unemployed American workers. go spend your ill-gotten gains, and let Trump fix what you broke.

  29. Global supply chain will not be re-built in decades even in centuries. Even if there is a new chain that can supply to US. You cannot by-pass China simply because no other country has such a complete manufacture system in the world, period! It is way too easy to say than done.

  30. China also has their hand in HOLLYWOOD movies! Wonder why all this EVIL crap is ruining the minds of Americans?…. I don't!
    They would love to see the destruction of our citizens!

  31. I love President TRUMP…..and I know in my HEART he is doing the BEST for the United States and will continue until we are all doing GREAT AGAIN!

    Ask yourselves……what FN President before has kepted his promises? NONE…..
    And once ALL the FN PEDOPHILES, CHILD sacrificing, child trafficking, drug trafficking, murdering our youth for profit are GONE beck to HELL…….we will breath a sign of relief!

  32. 🔴China export everything to US and we only export agriculture products to them🤔 Who’s winning again? Manufacturing is not coming back. Stop dreaming about that. Capitalism abandoned this country a long time ago, it went to China, Brazil, mexico etc. The private companies that left nobody told them to leave, they did it because is more profitable. They don’t care about being American or so on. Wake up and start accepting they don’t owe you nothing. Want free markets, there you go.🙄🤷‍♂️🤦‍♂️

  33. While imagine that a president who chooses to take on anybody and anything anywhere unlike past presidents at least hes got the balls to do it you may not like the way he talks but I'd rather have the goddam truth That's a problem and people nowadays they been raised as p**** so they get butt hurt easy they're called liberals and millenniums unfortunately I think we've raise a generation of p**** not men when your 2 dam lazy to get up for your mother because you're watching your video games or your on your computer not only are you an a**** but you probly a millennial The bottom line is the left hates hearing the truth and all of it's followers but I'm proud to say I'm a deplorable

  34. I like Trump but his trade war is stupid. My dad owns a steel manufacturing plant in the us and the trade war hurt his business and now he making less steel than before the tariffs

  35. Screw China, they have had it far too good for far too long. International shipping is so insanely cheap for them that it has become hard for small businesses here at home to compete. There is zero reason for them to have access to these insanely low shipping rates anymore since they have had this industrial boom of theirs, there is no need for it anymore. It's simply not fair to our own businesses. I say don't let up and keep the pressure on them, this NEEDS to be done and it will benefit us greatly in the long run!

  36. This is no laughing matter,China's Communist Government is untrustworthy and needs to realize that the West will no longer tolerate their deception.Research how they control different cultures and nations under their control.All are conditioned into conformity and those that do not comply are jailed and depending on infractions sometimes killed.Facial recognition is used in major cities and elsewhere as a means to control all citizens.The West will die standing and fighting rather than on our knees begging and the sooner the Chinese realize this the sooner their disrespect/abuses will end.

  37. No one cared when China was winning the trade war for decades….not to mention the massive corporate theft that the Chinese were conducting….

  38. If Chinkna doesnt move then more tariffs on the CCP stinknese bastards,Rewmember Soya Beans and tariffs dont mix and now Ching Ching Ping has to lift tariffs on that…President Trump should deal more harshly with the CCP

  39. I'm so glad about what's going on with China. This trade war is long overdue. I only wish Canada would join the good fight 👍

  40. one day says a thing,next day states the opposite, this reminds me of the stable genius and the great book he is so pround of

  41. Oh really China is getting crushed. Then why was it Trump backed off the latest round of tariffs. THAT YOU THE PEOPLE PAY FOR. The farmers got way less income then what they would of gotten without the BILLIONS or Socialist Money Trump gave them. The Dow dropped 400 points on the fear of them going into effect. Employers took down job postings because of the fear of them going into place. The businesses around the country are fearful of the upcoming holiday season sales dropping because of the TARIFFS THE PEOPLE END UP PAYING FOR HIGHER COST PRODUCTS. China is NOT PAYING FOR THE TARIFFS YOU PAY FOR THE INCREASED COSTS OF THE PRODUCTS. China also threatened to stop buying ALL agricultural products from the USA all of it. That would of made Trump once again bailout farmers with more billions of tax dollars for his SOCIALIST BAILOUT THAT HE CAUSED. The economy is dropping off. The stock market is extremely volatile right now. The Feds had to mess with the interest rates because the next quarter GDP is looking bad. It dropped from 3.1 to 2.2 and has been fluctuating and not steady growth . Trump had to hold off the latest Tariffs on China until AFTER THE HOLIDAYS DEC 19th. That should tell you something VERY IMPORTANT. YOU PAY FOR THESE TARIFFS WHEN YOU BUY STUFF THAT HAVE TARIFFS ON THEM. Trump is lying when he says China is paying for them YOU PAY FOR THEM. Its a TAX ON YOU ALL.

  42. For decades, we've let other countries like China exploit us economically, finally a President that won't lay down or make a bad deal, just to have a deal and a media headline.

    The media… is all about selling advertising, not reporting the news or headlining the trainwreck that is social security.

    The Democratic party should be disbanded as they are obstructionist.
    The GOP isn't much better.

  43. Like heavy-weight boxing, both will come out heavily bruised. Unlike heavy-weight boxing, there’s no prize for the winner.

  44. Huh. What. Where you getting you info from.? China export to America.. +1% … not a lot. American export to China -25% ouch. China is hurting.yeah. But … America is hurting aloooot more, plus China has the …. rest of the world to buy all those cool American products that don’t go to the US anymore. .. thanks. Lol Fox News.

  45. Samsung stole Apple's design IP, Apple sued them. So why didn't the US companies sue the Chinese companies. Show me the evidence, please.

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