Trump Proclaims Himself the "Chosen One" to Take on China

-edited

"I am the chosen one" says president Trump.

U.S. President Donald Trump said on Wednesday his life would be easier if he had not mounted a trade war with China but said “I am the chosen one” to take on Beijing.

Chosen One Considers Options to Spur Economy

Yesterday, the chosen one said he was Considering Options to Spur the Economy.

Executive Order

Bloomberg reported Trump Says He Can Order Capital Gains Tax Break Without Congress.

President Donald Trump said he can cut taxes by indexing capital gains to inflation without congressional approval, a move the White House has been considering for months that would largely benefit the wealthy.

“We’ve been talking about indexing for a long time,” Trump told reporters at the White House on Tuesday. “And many people like indexing and it could be done very simply. It could be done directly by me.”

This was despite the fact the "economy is very strong"

Chosen One Reverses Course

Today, the Wall Street Journal reports In Reversal, Trump Says He Is No Longer Considering Tax Cuts

“I’m not looking at a tax cut now,” Mr. Trump said in comments to reporters on the South Lawn of the White House. “We don’t need it. We have a strong economy.”

Full Circle in a Day

Well, that took all of one day to go full circle.

Economy So Strong That

The economy is so strong that Trump continually heaps more pressure on Powell to cut rates.

Doing Great With China

Please note that the US is "Doing great with China and other trade deals".

We have been doing "great" with China on and off for at least a year. Today, I see things are "great" again. How refreshing.

What else?

Things are going so well with Japan that it will now take huge tariff cuts by Japan just for the US to break even with where we could have been relative to Australia and Canada.

For details, please see Another Trump Trade Fiasco, This Time With Japan.

Doing great with China is of course expected.

After all, Trump is the chosen one. And the chosen one has spoken.

Mike "Mish" Shedlock

Comments (34)
No. 1-15
ChosenOneMr.T
ChosenOneMr.T

It's getting insane... not fun anymore...

L.Ron.Hoover
L.Ron.Hoover

He is indeed The Chosen One. Voters (arguably) chose him. They chose transparent, vulgar, incompetent, insane evil over cold, calculating, competent discreet evil.

While their choice certainly has advanced the doomsday clock (to the delight of some), I think it’s been damn entertaining…. majestic in its sweeping, ignorant, pants-on-your-head stupidity. It has made what was once the greatest country in the world into a circus that mimics the entertainment that comes out of hollywood… lots of shouting, some shooting, but no sex. It's fun to watch, if you don't have kids.

All hail The Chosen One!

Blurtman
Blurtman

Give us Barrabas!

Aaaal
Aaaal

Turn the handle! Let's see what Trump-in-the-box blurts out this time?

Bam_Man
Bam_Man

Stop the World, I Want to Get Off!

Tony Bennett
Tony Bennett

Or crazy like a fox.

Obviously, DJT setting up Powell to be the Fall Guy .. but just as clear to me he is setting up China, too. With the tax cut talk, I think The Administration has peeked under the hood ... and it is not pretty. A recession here in US likely gets its start abroad ... or at least the excuse will be. If China slows ... US slows ... DJT will be tweeting that it is Xi's fault ... if he had only taken the deal slowdown averted.

Realist
Realist

“I am the chosen one”. LMFAO!

What a moron. I feel sorry for the US. Too bad that he is also screwing the rest of the world too. That’s when I stop laughing. You can’t make this crap up. It’s surreal.

Tengen
Tengen

Jeffrey who?

One can be forgiven for thinking this unusual amount of bluster (even by Trumpian standards!) is helping people forget about Epstein, Yemen, and other unpleasantries.

The Greenland stuff in particular is over the top. The only reason to troll so heavily is to distract. Trump's a narcissist but he's not completely unhinged like he's pretending to be.

Matt3
Matt3

Trump is doing everything wrong. I guess it's just a coincidence that the economy had grown, jobs have increased, unemployment is low, interest rates are low, taxes are lower than before and incomes have risen. If you haven't been able to make money, prosper and enjoy the last 2 1/2 years than you are a natural loser!!

lol
lol

100% tariff on all Chinese ,Mexican,Vietnamese,Indian,Cambodian crap,that's enough cash taken in to pay down (off) the deficit,DT will basically pay off the deficits created by the 2 previous buffoons and literally assure his reelection...…..if there is an election...….big ass if!

bradw2k
bradw2k

American voters wish for contradictions, like: spending money that doesn't exist. So no surprise they get walking contradictions as their leaders.

Maximus_Minimus
Maximus_Minimus

If the orange clown gets reelected, he will have to rule as a dictator. Domestically, he has belittled, offended so many capable men (no woman so far), that no one would want to be on the team: his team would have to come from a trailer park.

CzarChasm-Reigns
CzarChasm-Reigns

The "chosen one" to take on China. Reads a lot like this selected quote:

"Devout practitioners of Falun Gong 'believe that Trump was sent by heaven to destroy the Communist Party.'”

Strange Bedfellows indeed.

CzarChasm-Reigns
CzarChasm-Reigns

Selected quote in previous post from:

"How a mission to take down China's government led a shadowy media org to back Trump"

I hit "edit" to include the above in the original post, but apparently the edit feature is nothing but tantalizing bullshit.

Sechel
Sechel

Trump fails to admit the economy is more complex than he thought. His world was putting up buildings not manufacturing. China doesn't just sell the U.S. products but is part of a supply chain sometimes only selling a component to a product a U.S. manufacturer builds and sells at great value added. Trump is disrupting a complex business model that will hurt not only China but the U.S. There's one legitimate issue in all this, theft of intellectual capital but that's getting lost in Trump's attempt to get Beijing to sign onto to managed trade. Trump doesn't even want all tariffs dropped U.S. and Chinese a proposal he rejected early on so this is not about free trade at all.