This story reminds me of a cheating husband beating his wife and she continues to take him back each time – thinking things were going to change.  Nothing will change until drastic measures are taken.  How many years have these countries abused the U.S.  You must get a clear message to China/rest of the world that the U.S. will not and cannot tolerate any further cheating in the tariff game and they all have to pay their fair share.

Don’t play games and don’t allow others to manipulate you. Be honest with yourself first and foremost.

But China will re-offend. That’s for sure.   Don’t cave just keep negotiating.

Why would anyone listen to Cramer – he pulls the “fire” alarm every day with his rants?

First it was the Russian probe, then the Mueller probe, then the impeachment, and now the Socialists want a recession to bring the President down so they can take over the government since it didn’t work when Obama and his minions tried to steal the election and when that didn’t work Obama and his Socialists tried to frame him.

Before that – all of the past Presidents were too weak-kneed to tackle the problem of tariffs because they were “allowing all countries not to pay a tariff with goods coming into the U.S.; but, the U.S. were paying a tariff to bring our goods into their countries.  It was “wealth distribution” on our country’s part which has been going on for decades by former presidents.  In other words we were taking care of the whole world with our money and  in the meantime China was stealing our intellectual properties, big-time, and no one seemed to care.

It looks like Home Depot wants to continue the old process – to let foreign countries take us to the cleaners every day.  Sometimes you have to make adjustments to get the train back on the right track and people have to adjust themselves.

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CNBC

Trump should heed Home Depot’s warnings about the consumer, make a trade deal, says Cramer

Home Depot revealed in its quarter report how the ongoing trade war could hurt consumer confidence in America, CNBC’s Jim Cramer said Tuesday.

The host called the company the “perfect microcosm for the U.S. economy” and put his trust behind outgoing-Chief Finance Officer Carol Tome’s perspective on the state of the market.

In a Tuesday morning conference call with investors, Tome, who is set to retire at the end of the month, said “consumer confidence is near record high levels” but “consumer demand could be impacted” by lingering U.S.-China trade tension.

Accounting for the potential impact of tariffs on consumer spending, Home Depot reduced its full-year sales growth outlook to 2.3% from 3.3%.

“As someone who’s always been in favor of cracking down on China, like the president, I think we still need to take her concerns to heart,” Cramer said, “and I hope the president takes this opportunity to make a deal while the Chinese are feeling the pain from our tariffs, but before we’re getting the full impact on our side of the aisle.”

Home Depot “made it clear,” he argued, that the U.S. is ahead of China in the trade war, which began more than a year ago. Cramer based his reason on the number of suppliers that have moved operations outside of the country. Those firms have relocated some facilities to Taiwan, Vietnam, Thailand, Indonesia and the U.S., which management says could reduce the impact of tariffs on Home Depot’s same-store sales from 2% to 1%.

Home Depot’s partners apparently aren’t alone in this endeavor. More than 50 companies, including Apple, Nintendo and Dell, have shifted operations out of China to evade 25% tariffs that are in place on $200 billion of Chinese imports and the rate is increasing, CNBC reported last month. The U.S. is preparing to tack on another 10% tariff on $300 billion of remaining Chinese goods with some going to effect in September and the rest slated for December.

“Now, it seems to me that this would be the perfect time to make a deal with the Chinese, they need it more than we do and I say this as a big supporter of the president’s tariffs,” Cramer said, “but the last thing any president wants is a trade war-related recession as we head into an election year.”

Secretary of State Mike Pompeo said Tuesday that he believes the trade war could come to a close by the 2020 presidential election, according to CNBC.

In its fiscal second-quarter report, Home Depot recorded earnings of $3.17 on revenue of $30.84 billion. Wall Street analysts expected $3.08 earnings per share and $30.99 billion revenue. Comparable store sales grew 3% from the year prior, missing estimates of 3.5%, which the store chain blamed on declining lumber prices.

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Time to quit letting the husband beat and abuse his wife.

kommonsentsjane

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