Steve Moore on trade: Donald Trump doesn’t back down

Steve Moore on trade: Donald Trump doesn’t back down


VERY CONCISE. WE APPRECIATE IT.>>MY PLEASURE, THANK YOU. CHARLES: MARKETS ARE HITTING A SIX-MONTH LOW AS PRESIDENT TRUMP BLASTS CHINA’S QUOTE CURRENCY MANIPULATION ON TWITTER. BASED ON HISTORIC CURRENCY MANIPULATION BY CHINA IT IS NOW EVEN MORE OBVIOUS TO ANYONE THAT AMERICANS ARE NOT PAYING FOR THE TARIFF. CHINA HAS ALWAYS USED CURRENCY MA IN INPLACE TO STEAL OUR FACTORIES, HURT OUR JOBS, DEPRESS OUR WORKERS WAGES AND. JOINING US IS STEVE MOORE.>>WELL-SAID. CAN YOU NAME ANY COUNTRY IN THE HISTORY OF THE WORLD THAT GOT RICH DEVALUING THEIR CURRENCY? NO. I MEAN JUST DOESN’T WORK. THE FACT IS, IN RESPONSE TO THE TARIFFS, THEY’RE DEVALUING THEIR CURRENCY WHICH MEANS THAT THE CHINESE ARE BEARING THE COSTS OF THESE PRODUCTS, THESE TARIFFS, NOT AMERICAN CONSUMERS. I’M NOT DEFENDING TARIFFS. GOLDMAN SACHS PUT OUT A RIDICULOUS IDIOT REPORT YESTERDAY SAYING THE AMERICAN CONSUMER IS BEARING WHOLE COST OF THIS. WHAT ARE THEY TALKING ABOUT? IF THEY DEVALUE CURRENCY, SOMETHING THAT COST $10, COST NINE DOLLARS. PUT 10% TARIFF ON, CHINA BEARS THE COST. THAT IS THE MATH. CHARLES: THAT IS NOT GETTING TO THE POINT WHERE CHINESE EXPORTERS HAVE TO LOWER PRICES ANYWAY. THEY’RE TALKING TO U.S. COUNTERPARTS I WILL NOT PAY DOLLAR FOR LOL DOLL. I WILL GIVE YOU 90-CENT.>>IF CHINESE COULD PASS COSTS ON CONSUMERS THEY WOULD RAISE PRICES. BUT THEY CAN’T DO IT. CHARLES: WE WOULDN’T HAVE THE CONVERSATION.>>I GET SO ANGRY, THERE IS SUCH A DEFICIENT ECONOMICS HERE THAT IS BEING DISCUSSED. NOW I DON’T THINK TRUMP HAD ANY IDEA THAT THE STOCK MARKET WOULD GO OFF 1000 POINTS FROM THESE TARIFFS. I THINK THEY’RE SPOOKED OVER THERE AT THE WHITE HOUSE. CHARLES: REALLY? HE HAD TO KNOW THE MARKET WOULD HAVE ADVERSE –>>SOME OF THAT. BUT DON’T THINK THEY EXPECTED THIS. “WALL STREET JOURNAL” REPORT IS TRUE. THERE WAS INTERNAL CONFLICT ON THIS, CHARLES. LARRY KUDLOWS AND MULVANEYS WHO BASICALLY SAID WAIT A MINUTE HERE. THIS — CHARLES: THEY’RE MORE TRADITIONAL ITS, MORE TRADITIONAL ITS TO ECONOMIC ORTHODOXY BEING CONSERVATIVES. THEY DON’T LIKE TARIFFS ANYWAY TO BE HONEST WITH YOU.>>TRUE. CHARLES: MANY CONCEDED IN THIS PARTICULAR CASE, CHINA WE NEVER HAD REALLY FAIR TRADE ANYWAY.>>THAT IS WHERE I AM. I DON’T LIKE STEEL TARIFFS OR AUTO TARIFFS BUT YOU’RE DEALING WITH A COUNTRY, THIS IS NOT A FREE ECONOMY. THIS IS A TOTALITARIAN GOVERNMENT. IT IS CENTRAL PLANNED. THEY HAVE BECOME A MENACE. WE’LL HAVE TO FIGHT THEM ONE WAY OR THE OTHER. MY ADVICE TO THE PRESIDENT HAS BEEN LOOK, GET THE BEST DEAL YOU CAN FROM NOW WITH CHINA SO WE CAN GO INTO 2020 WITH A STRONG ECONOMY. YOU GET REELECTED. YOU SPEND YOUR SECOND TERM — WHAT WORRIES ME, CHARLES, IF IT HURTS ECONOMY, THAT HURTS HIS CHANCES OF GETTING REELECTED. THAT HAS NEGATIVE FEEDBACK EFFECT POSSIBLY. CHARLES: THAT ARTICLE YOU REFERENCED WITH THE INFIGHTING, MANY ARE SAYING HEY, YOU HAVE PETER NAVARRO IS THE LONE PERSON IN THE CIRCLE ARGUING –>>LEAVING OUT SOMEBODY. CHARLES: LIGHTHIZER?>>DONALD TRUMP. DONALD J. TRUMP IS NOT CONVENTIONAL FREE TRADE GUY. HE THINKS LIKE THIS. I HAD MANY DISCUSSIONS ABOUT THIS. HE BELIEVES CHINA WILL HAVE TO FOLD HERE BECAUSE THIS, IT IS HURTING OUR ECONOMY. IT IS KILLING THEIR ECONOMY. BUT THE PROBLEM WE’RE NOT DEALING WITH RATIONAL PEOPLE IN BEIJING. THE RATIONAL THING FOR THEM TO DO WOULD MAKE A DEAL WITH TRUMP, BOTH ECONOMIES WOULD BENEFIT. THERE IS NOTHING TRUMP IS ASKING THE CHINESE TO DO IS UNREASONABLE, RIGHT? CHARLES: THEIR GOAL TO THE WORLD DOMINATION.>>I KNOW. CHARLES: RELIES HEAVILY ON THE ABILITY TO CONTINUE TO STEAL OUR INTELLECTUAL PROPERTY.>>THAT MEANS THAT THEY, THEY ARE INCAPABLE OF PRODUCING INNOVATION AND TECHNOLOGY. MAYBE NOT. CHARLES: AT THE PACE THAT THEY WANT. THEY ARE CAPABLE.>>HERE’S THE THING, BECAUSE THEY HAVE NO RESPECT FOR INTELLECTUAL PROPERTY, THEREth IS ACTUALLY HURTING THEIR OWN RESEARCH AND DEVELOPMENT. CHINESE COMPANIES ARE STEALING FROM OTHER CHINESE COMPANIES. IT IS BAD FOR THE WORLD ECONOMY WHEN YOU HAVE THE SECOND LARGEST ECONOMY IN THE WORLD NOT RESPECTING INTELLECTUAL PROPERTY RIGHTS, THAT REDUCES INNOVATION, TECHNOLOGY, RESEARCH AND DEVELOPMENT SPENDING. IT IS BAD FOR EVERYBODY. TRUMP IS FIGHTING THE GOOD FIGHT HERE, NO DOUBT ABOUT IT, BUT BOY, THIS IS PAINFUL. WE’VE SEEN A TRILLION DOLLAR LOSS IN THE STOCK MARKET LAST COUPLE DAYS. CHARLES: SO FAR WE’VE SEEN TWEETS, THEY REVOLVED AROUND CURRENCY MANIPULATION. NOTHING ABOUT THE NEXT POTENTIAL MOVE FROM THE WHITE HOUSE. CHINA HAS BEEN VERY AGGRESSIVE IN THE LAST 12 HOURS, MANIPULATION OF CURRENCY, REMOVING EXEMPTION ON TARIFFS ON AMERICAN FARM GOODS. NOT BUYING MORE FARM GOODS. SOME ARGUE THEY REALLY HAVEN’T BEEN ANYWAY.>>RIGHT. CHARLES: FEELS LIKE THEY’RE PLAYING ALL THE CARDS AT ONCE.>>THIS IS ESCALATING, NO DOUBT ABOUT IT. CHARLES: IT IS ESCALATING. THE BALL IS IN OUR COURT.>>I DON’T SEE TRUMP BACKING DOWN. CHARLES: DOES THE 10% GO TO 25%?>>I DON’T KNOW ANYBODY KNOWS THAT QUESTION. I DON’T SEE TRUMKA PIT LATING. KNOWN HIM. THIS IS THE EPIC BATTLE OF OUR TIME. THIS IS THE NEW COLD WAR WE’RE IN FOR BETTER OR FOR WORSE. WE CAN’T LOSE. THE WORST POSSIBLE OUTCOME FOR THOSE IN THE WATCHING THE STOCK MARKET, WORST POSSIBLE OUTCOME FOR AMERICA TO CAPITULATE. WE CAN’T GIVE IN TO CHINA AT THIS POINT. WE JUST CAN’T. CHARLES: YOU TALKED EARLIER ABOUT SMALL VICTORIES BEFORE THE 2020 ELECTION. FELT LIKE PRESIDENT TRUMP WAS WORKING TOWARDS THAT. EVEN THERE, PROMISES OF BUYING MORE AG, STOPPING FENTANYL, I THINK ON THOSE LOW-HANGING FRUIT CHINESE RENEGED ON.>>YOU’RE EXACTLY RIGHT. THAT IS FRUSTRATING TO ALL OF US. WE’RE DEALING WITH IRRATIONAL PEOPLE OVER THERE AND THAT MAKES IT REALLY DIFFICULT TO GET A DEAL. APPARENTLY THEY’RE WILLING TO HURT THEIR OWN COMPANIES, THEIR OWN PEOPLE, SOMEBODY ASKED ME EARLIER, THIS IS SO OBVIOUS THEY’RE HURTING THEIR OWN PEOPLE. THEY DON’T CARE. THIS IS TOTALITARIAN GOVERNMENT, THEY WANT TO KEEP POWER. JUST AS THERE ARE MANY CAMPS HERE ABOUT THE RIGHT STRATEGY THERE ARE ALSO MANY CAMPS IN BEIJING. LET’S PRESIDENT XI DEALS WITH THE PEOPLE THAT WANT TO MAKE A

100 thoughts on “Steve Moore on trade: Donald Trump doesn’t back down

  1. Did You Ever Wonder Why The National Debt Keeps Going Up and Up?

    One of the most ungodly and fraudulent institutions ever perpetrated on the American people and the world, is the Federal Reserve System which through deceit became the central bank of the United States in 1913. The idea came about on a meeting in Jekyll Island off the coast of Georgia in 1910. The bankers in this country, especially J.P. Morgan, created a currency panic in 1907 in order to get the American people to accept the idea of a central bank.

    A central bank already existed in England from as far back as 1694. The Rothschilds completely dominate the banking system. It is estimated their wealth goes into the trillions.

    Baron Nathan Mayer Rothschild boasted:

    โ€ข "I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man that controls Britain's money supply controls the British Empire, and I control the British money supply."

    The idea of a central bank is to so enslave the people of the country to a debt money system that you continue to collect taxes continuously which just covers the interest. The duped people of the United States are paying about $400 billion dollars per year to the IRS which is the collection agency for the Federal Reserve. By the way, the Federal Reserve is a privately owned bank with 10 private members. The Chase Manhattan Bank is a member which is owned by the Rockefellers who are Rothschild Agents.ย  I will list the ten member banks at the end of this article..

    At this point the citizens of the United States falsely owe these lemmings over 13 trillion dollars. Have you ever asked the following question?

    WHO HAS THAT MUCH MONEY TO LOAN TO THE UNITED STATES?

  2. Wall street traders are also….TRAITORS to their country…the Chinese love to see the stock market drop over trade….wall street should be a little more patriotic minded with this trade war with China…there's is plenty of time for greed…now is not the time ! Wall street could be the linchpin in winning this trade war !

  3. Trump donโ€™t give a sht about the American people. This is a guy who likes to protect his ego. He was caught on tape talking about cheating on his wife and dodging the Vietnam draft and everyone trusts him like a saint. Incredible

  4. ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡บ๐Ÿ‡ธ TRUMP20 ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡บ๐Ÿ‡ธ

  5. If the Chinese are paying for this (I believe that's true) lets really charge them big bucks of the tariffs, so much so that they have to sell back all those US treasury bonds back to us at a great discount / price. Or maybe really have to have a fire sale on human body parts so much so that the PEOPLE start fighting their government to stay alive

  6. Or if China is paying for that, then thanks your stock market is doing well remember it was 27.503 now is 25.684 you keep blindfolding your own people if you don't give in will see who is crying fast.

  7. Glad the bower in chief isn't in the white house. The Chinese aren't used to dealing with a REAL president who won't back down.

  8. The Chinese are not to blame, not to be the scapegoat… this was the work of the wealthy and the pools (WS) of capital that took the capital to China to build manufacturing plants to avoid US wages, pensions, health benefits and US environmental standards. Profits thereby tax income, are held in offshore accounts. These are the people who are responsible for the degradation of the US power in manufacturing…. does anyone think China should turn them away ? We don't need the wealthy classes of capital unless they pay their taxes and bring manufacturing home.

  9. Once a nation attacks God's people and their faith, their economy will be affected based on the prophecy in Genesis 12:3. The book of Genesis has never been wrong. History let us see the deterioration of the economies of Iran, Turkey, Russia, China, Spain, Great Britain, France, Germany, Italy, Europe, etc. China has launched an attack on the Christian faith. China has persecuted many Chinese Christians, burnt down churches, and imprisoned the Chinese Pastors and church members for their faith.

    The evil spirit that hangs over Russia expresses itself in anti-evangelism and in anti-Semitism. The EU is made of strong and weak nations exactly as Daniel chapter 7 predicted โ€“ iron and clay toes. The EU is a coalition of weak and strong nations of volatile alliance that struggle to stay together. Italy has too many economic problems. France is weak politically and in many ways economically vulnerable.

    For some time now, the Iranian Rial currency (IRR) is under great stress and there is tremendous pressure downwards on the Iranian economy. Iranian Rial currency is at free fall right now The Mullahs are unable to deliver the economic goods and prosperity to the ordinary people. Iran's economy is in the worst shape ever, so is Europe.

    News media do not carry news about the plunging Lira that impact on the Turks who cannot afford sanctions imposed by the US now. The US economy is soaring. Everything Pres Trump does works. God's unbelievable grace is upon the American economy right now albeit America does not deserve it. God is giving America a last chance after numerous prayers from evangelicals over the world intercede for America.

    History shows that America was blessed at the beginning in terms of their harmonious relationship with the Jewish people rather than an adversarial relation. Great Britain rapidly declined as a world power when it didn't support Israel. The sun does set on the British Empire. Also the quick decline of Adolf Hitler's reign. God works through Federal heads biblically. The position the leader of a country takes, God will bless the people under that particular federal head.

  10. I don't even think the right-wing capitalist and his step-n-fetch-it are even that dumb. I just think they are willfully deluding themselves. They are scared and they should be. USA has nothing China needs.
    3:54 Yep, Chinese have no skills or record when it comes to innovation. I mean, except for steel, paper, gunpowder, compass, intercontinental shipping, alcohol, beer, tea, ceramics, crossbow, Seismograph, moveable type, printing, waterwheel, horticulture, chess, rice cultivation, plow, wheelbarrow, lacquer, silk, salt (use), Archeology, paper money, toothbrush, crossbow, artillery, ink, magnetic levitation…… Well I could continue. Unfortunately for this idiot such information is concealed from him in books.

  11. Ah well. Guess they'll have to sell all the hotels inside our national parks back to us… Thanks to Obama selling out the country to them.

  12. Yes everyone should realize that the chinese have an agenda which is communist, eventual spread of ccp worldwide, it includes stealing other country's intellectual property and dominating the world — with their ideology — that is their commie ideology and all of these weak brained academics are talking about how the us should not fight for fair trade? Well they have their head up their arse quite literally, and unfortunately won't realize it until they're sent to suffer and die the communist chinese reeducation camps after china takes over..

  13. the rising water raises all boats, products we now get from China, other countries will see as a benefit to produce the item that country wins USA wins China mourns

  14. The West should never had instituted so-called "Free Trade" with Marxist-Leninst China. Tariffs are a GOOD thing when used in the proper way on the appropriate industries and countries…

  15. Steve more is eating checkers while the Chinese are playing 3D chess. The vast majority of the Chinese economists all went to American University's . They know how to play the US against itself. They may have devalued the value of their goods but what the US doesn't seem to realize is that they are not selling their goods to the US. The Chinese are waiting out this idiot in the White House for a more moderate and intelligent leader

  16. Our strong PRESENCE TRUMP is standing high for AMERICAN PEOPLE!!๐Ÿ‘Š๐Ÿ‘Š๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ’ช๐Ÿ’ช๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‘๐Ÿ‘๐Ÿ’๐Ÿ’

  17. Americans are paying the tariffs! You'll see! We are going to stop buying! All credit cards gone. Debt off the charts! No one wants to take any responsibility for this. Going down. Way to go politicians.

  18. Chinese are 100% rational. They believe our Fake News that Trump will lose in 2020 and they will once again have a Traitor President of the USA in power to sell out Americans.

  19. The Crazy Trump is getting impatient, he needs to seal a deal with China otherwise the opponents will attack him on the trade war, that's why he is so rush for put tariff on 300 billions Chinese goods. Trump doesn't want fair deal, he wants better. Chinese are not stupid, they know if they curve this time and make deal with Trump, and help him to be re-elected, then in his 2nd term, he will pay the same game again by using tariff to blackmail Chinese for more, and he will be more crazier since he has nothing to lose, it will his last term. That's why Chinese will not back down this time, they have to make a stand.

  20. China devaluing their Currency just makes Products made in China cheaper for american Consumers. Thats practically free money that is China giving to Americans. Thats a good thing ๐Ÿ‘

  21. Raising tariffs is still a civilized way to fight back as long as we do not send fleets to china. More tariffs please Mr. Trump, let's see if this can achieve your MAGA.

  22. Trump only backs down if you're a Democrat, grab those guns for the Dems Trump guess who's not getting my vote in 2020!

  23. Trump is such a loser. Everything he does is a complete failure and Fox News pretends he's unstoppable. It's hilarious.

  24. This guy is speaking nonsense. Thump is asking China to change the system, which is absolutely no go . This guy is keeping saying about the IP theft, which is completely misleading. China invited companies to Invest in China by sharing some technology which is on voluntary basis, no body has forced them to do it. This right wing channel is spreading fake news.

  25. Perfect timing by the owned players on wall street to turn up the heat on trumps economy, knowing this will hurt him for re-election !
    Bill Marhe and others have been preaching this point for years…how Trump would loose if the economy went down.. the "if" being the prime word!!!! POTUS needs to raise the tariffs to 50 percent while negotiating new trade deals with others .

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  27. The real danger arises because the label "currency manipulator" gives Trump the authority to ramp his trade war up into high gear, enacting punitive tariffs and possibly barring the importation of Chinese goods altogether. God only knows what insanity that idiot is going to tweet us into.
    How bad could this get? It could get really, really bad. Freezing up markets with round after round of retaliatory tariffs and tit-for-tat currency devaluation is how you wind up in a recession. Or worse. This is EXACTLY what happened as the Great Depression really got going in the1930s: Everyone erected high tariff barriers and tried to out-compete their trading partners in devaluing (depreciating) their currencies … A few years of that and world trade ground to a near total halt.

  28. Those bankrupted farmers won't all vote for Trump, ditto the coal miners. The people that are losing loved ones to white hateful shooters won't. I think Trump is in very tough and there is a chance he will be voted out.

  29. Well Trump wanted to go on trade war with China now let's see how great of a deal maker he is. Low chinese currency means cheaper imports leading to lower tariffs on Chinese products. Well done Donny

  30. Gee … and we all thot that trade wars were easy! At least that's what the stable genius
    led us to believe. I guess we're in for another dose of socialism trump style with yet another $16 billion bailout for farmers!!! Alas the Blue States will have to bail out Red States for the decisions of a President elected by the Red States.

  31. How does this greasy-faced fatback, RAPIST charles payne still have a job at fox? Why isn't that garbage rapist in prison?

  32. Keep the pressure on, who wants to deal with a nation that does not respect property rights and steals with pleasure.

  33. Big Tough Guy in the WH has no common sense and doesnโ€™t explain how tariffs work. His foolish minions think theyโ€™re hurting China. Good luck with that

  34. You do realize that US patent rights last 20 years. That is long enough that you aren't defending your ability to make money off your idea but prevent other people from improving upon it.
    Also China was okay with improved IP protection, it just wanted those laws to be made by chinese not american. Would the US be happy if Chinese laws governed the US?

  35. China is a problem for China not the US. If this guy thinks its ok for China to steal our intellectual property hes a nutjob. The market drop is because of interest rates……

  36. i order parts from united states to canada. I pay 63% tariffs on american products to canada….why ? so why not place 100% tariffs on chinese products ? because china pays one of your politicians like a president huge sums in his pocket to accept chinese products tariff free ! very corrupt. Trump is telling the truth and not being paid off by china !! someone gets very wealthy by not taxing chinese products….I pay 63% on american products to canada !!!

  37. If trump would have sided with the EU and collectively punished China it would fall faster than Jeremy corbyn's popularity!

  38. The Chinese are a cancer to humnity hell bent in seeing the US crumple. China would be a third world country without the stealing of us patents.

  39. ๅŠ ๅพ—ๅฅฝใ€‚ๅŠ ่‡ณ่ฟ‡25%. ๆ‰“ๆญปไธญๅ…ฑใ€‚ไธญๅ…ฑๅ€’ๅฐใ€‚Support Trump. guts. what a wonderful job.. 2020 only Trump.

  40. Top 10 lawmakers who received the most money from gun lobbyists during the 2018 election cycle:

    Cruz, Ted (R-TX) Senate $309,021

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    Scalise, Steve (R-LA) House $132,831

    Nunes, Devin (R-CA) House $95,093

    Blackburn, Marsha (R-TN) House $85,168

    Heller, Dean (R-NV) Senate $76,713

    James, John (R-MI) Senate $75,099

    Ryan, Paul (R-WI) House $65,347

    Scott, Rick (R-FL) Senate $61,752

    Hawley, Josh (R-MO) Senate $59,760

  41. all these lies man! China is not the one who paying for tariffs,American people are,US importers are paying. if they are not capable of innovation, why we fear them so much about their 5g huawei phone. it is economy one on one.what these will bring is a currency war,and cold war. and next with Trump as a president,we would have a race war,hatred war,and civil war.

  42. Because of your awful hiring practices you can kiss the smooth Business trade with the Chinese good bye. Embarrass you in front of the whole world.

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