Krugman is the same quack that predicted massive global recession right after Trump won. It’s pure opinion with zero data.
I believe before making a comment, better take a look at the immigration laws, the asylum figure the US is a signor for.
And, don’t get distracted by the butt kissers from this administration. There’s no going back to cure this destruction of our economy. There’s no recourse.
President Donald Trump’s tariffs on foreign steel have sped the decline of some of the U.S. mills he vowed to help.
Since Trump announced the tariffs 16 months ago, U.S. Steel has lost almost 70% of its market value, or $5.6 billion, and idled two American furnaces in mid-June that couldn’t be run profitably at the lowest prices since 2016. Meanwhile, Nucor, down around 20%, has touted $2.5 billion in expansion projects.
What’s the point of trade war then? To punish Americans and push our economy into recession?
Market rallies this certainty 
“Our team, time and again, asked for the change in Chinese laws and resistance mounted on that point,” Kudlow said. “They seem to believe that the State Security Council, or the Politburo, can promulgate regulations and that would be sufficient. We don’t agree.”
Telling Chinese how to run their nation? How about China becomes an US territory? So this aspect of the deal won’t be agreed upon for sure.
That means U.S. semiconductor companies could sell chips to Huawei that the Chinese company would otherwise be able to source from other countries such as South Korea, Taiwan and Vietnam, Kudlow said.
Good for US semi companies, no wonder their stocks are rallying. MU has been rocketing! Not telling how many I owned. Have been suffering the carnage. Fully recovered to ATH 
for my purchase. Now I need to exceed 
But U.S. companies would still be banned from doing any business with Huawei that would help it build 5G celluar networks, he said.
So no purchase of Huawei equipment to be used in USA. Can private individuals buy Huawei products from e-commerce? Selling components don’t matter? Guess so long is not providing engineering support is ok.
Those America-experts in China are crap. They left out an important possibility. Without a deal Trump will likely double down his pressure on China to make him look tough.
In fact this is the least bad way for Trump’s re-election campaign going forward. Any deal he makes with China will get heavily criticized for not being tough enough. But China is not lapdogs like Mexico and Canada and won’t kneel down in front of foreign pressure. Kudlow may already be laying the foundation for that: The Chinese don’t agree to a deal acceptable to Trump so let’s hike up the pressure until it breaks.
China should pay me for analysis. 
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The Chinese are right they should fear a Democrat in White House. Trump has no principle and no morals. The only war that doesn’t have any solution is the ideological war: freedom against repression. I suspect it will be the theme for the next 20 years.
Still holding on to the China stocks??? 
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Yes. I don’t trade macros.
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Is China fearing a democratic president? I thought democrats are nicer to communists and tough on capitalism
China is not communist. It has a higher Gini coefficient than Germany and France and spends a tiny amount on social welfare. It just has that word “Communist” in its party name.
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Steel tariffs are bad for US steel makers.
Collateral damage. While you enjoy rubbing @manch, my overwhelming win in FB is not able cover the losses in China stocks, so much for BABA led by a horse.
How overwhelming is your FB win?
If you’ve actually read about this, some steel companies invested in newer plants that are much more efficient. Others didn’t. Now the companies with more efficient plants are cleaning house at the expense of the inefficient ones. The tariffs are just an easy way to blame someone else for poor executive decisions.
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So companies hurt by tariffs only have themselves to blame. They are just not that good? By that logic why subsidize American farmers? They should just suck it up and be more efficient.
US Steel stock is not doing all that great. Bad company?
US steel is the worst of the ones that didn’t update technology. They still use old blast furnaces to make steel.
I’d love to see the math on how tariffs hurt them.
What point are you trying to make with the farmer analogy?
Which steel makers are doing great with the tariffs, which were specifically designed to help them? US Steel was one of the biggest proponents for tariffs.
The farmer analogy is just the extension of this victim blaming logic: Oh, did we hurt you? It’s your fault. You should have been stronger.
Farmers too were victims of tariffs. Do you also blame them for inefficiency?