{"id":269831,"date":"2018-04-04T15:20:38","date_gmt":"2018-04-04T19:20:38","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=269831"},"modified":"2018-04-05T16:00:51","modified_gmt":"2018-04-05T20:00:51","slug":"chicoms-cannot-afford-trade-war","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/","title":{"rendered":"ChiComs Cannot Afford a Trade War"},"content":{"rendered":"

RUSH: Now, the big news to me today, not the China trade war, because I really don\u2019t think that the ChiComs can afford to engage in a huge one. And besides that, whatever sanctions we have placed, tariffs and so forth, are not gonna apply to tech. So it\u2019s not gonna affect the price of your iPhone, your iPad, or your Samsung or whatever. Those things have been exempted as best as we can tell now.<\/p>\n

But it\u2019s still fascinating and interesting. And we haven\u2019t seen this kind of thing done in a long time.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: We haven\u2019t talked about trade with the ChiComs and tariffs yet today but may as well do so now because CNN can barely keep their pants up, they\u2019re so excited here. Apparently, the U.S. Secretary of Commerce, Wilbur Ross, has said that Trump\u2019s tariffs may never go into effect. And so CNN is interpreting this — well, they\u2019re interpreting it a lot of ways. One of the ways, “Well, maybe what this means is that Wilbur knows better and just won\u2019t implement them while telling Trump that they are being implemented.”<\/p>\n

\"\"What is likely happening here is — and this is what Wilbur did allude to — is that the threat of tariffs, which, believe me, the ChiComs don\u2019t want any part of this. I don\u2019t care what you\u2019ve heard about this. China cannot afford a trade war. But the anti-Trump fat cats on Wall Street are gonna jump on this as the latest excuse to drive down the stock market in their relentless effort to hurt the Trump economy and win the midterms \u2019cause don\u2019t think that isn\u2019t happening either.<\/p>\n

Don\u2019t believe for a minute that any manipulation possible, stock market, the economy in general, wherever they think they can cause things to deteriorate, to improve their chances of winning the midterms, they\u2019ll do it. This is from Reuters: “China quickly hit back on Wednesday at Trump administration plans to slap tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, whisky and chemicals.”<\/p>\n

The whisky is probably for Kim Jong-un. The guy drinks like a fish, and if you\u2019re in North Korea, where are you gonna get the stuff? You just don\u2019t go down to the state store and say, “Here, give me a case of Johnnie Walker Blue.” They don\u2019t have it. Kim Jong-un has to get it from somewhere. The ChiComs probably take care of it. And so if there might be tariffs on whisky… Kim Jong-un doesn\u2019t have much money anyway, so that\u2019s gonna be a panic point.<\/p>\n

Reuters says here: “The speed with which the trade struggle between Washington and Beijing is ratcheting up led to a sharp selloff in global stock markets and commodities. Investors are wondering whether one of the worst trade disputes in many years could now turn into a full-scale trade war between,” the ChiComs and the United States.<\/p>\n

Now, as is always the case — I mean, you can make book on it — the media is doing their best to make consumers think that tariffs are a new thing, that Trump is starting a trade war, that no president\u2019s ever done this, it\u2019s too risky, it\u2019s too dangerous. But in reality every country in the world, including us, puts tariffs on foreign goods. We always have. They come on; they come off. In fact, the ChiComs have, in many cases, far and away the highest tariffs on foreign goods of any country in the world. India is a distant second, by the way.<\/p>\n

\"\"So what\u2019s really going on here is the ChiComs are simply increasing the tariffs it already has on U.S. products. The Bush administration announced tariffs and there\u2019s a knee-jerk reaction, “Oh, no, oh, no, trade war, trade war, can\u2019t do it, can\u2019t do it.” But they are a little bit more commonplace than you are being led to believe.<\/p>\n

But the bottom line, the ChiComs can\u2019t afford a trade war. I know people don\u2019t want to look at it that way because people have been conditioned to think that the ChiComs are brute force strength and that they rule the world and we can\u2019t compete with them and this kind of thing, and that\u2019s not the case. The ChiComs have so much of our debt they purchased, they can\u2019t afford for the United States to go belly up economically. That\u2019s not at all what they want. It doesn\u2019t help them in that regard.<\/p>\n

They regard us as an enemy in other ways, but economically they\u2019re too invested here. So I think, in large part, the talk of tariffs is probably a negotiating ploy. And Trump feels seriously — Trump sent a tweet out earlier today (paraphrasing), “When you\u2019re down $500 billion, how can you lose? You\u2019re already losing when you\u2019re down $500 billion. You gotta do something about it. It\u2019s not as though we\u2019re winning a trade war here and we have a positive balance of trade with the ChiComs, now a tariff war is gonna cause us to lose money. We\u2019re already losing money left and right. How could it get any worse,” is Trump\u2019s point. And of course he has a point.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Whatever sanctions we have placed, tariffs and so forth, are not gonna apply to tech. So it's not gonna affect the price of your iPhone, your iPad, or your Samsung or whatever.<\/p>\n","protected":false},"author":58,"featured_media":269835,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0,"footnotes":""},"categories":[12,1],"tags":[],"class_list":["post-269831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","category-uncategorized"],"yoast_head":"\nChiComs Cannot Afford a Trade War - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"ChiComs Cannot Afford a Trade War - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Whatever sanctions we have placed, tariffs and so forth, are not gonna apply to tech. So it's not gonna affect the price of your iPhone, your iPad, or your Samsung or whatever.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/04\/FB-Trade-War-China.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dean Karayanis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/\"},\"author\":{\"name\":\"Dean Karayanis\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/adbb9034c9d7e1664c3043e01a8558b5\"},\"headline\":\"ChiComs Cannot Afford a Trade War\",\"datePublished\":\"2018-04-04T19:20:38+00:00\",\"dateModified\":\"2018-04-05T20:00:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/\"},\"wordCount\":928,\"image\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/04\/FB-Trade-War-China.jpg\",\"articleSection\":[\"Transcripts\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/\",\"url\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/\",\"name\":\"ChiComs Cannot Afford a Trade War - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/04\/FB-Trade-War-China.jpg\",\"datePublished\":\"2018-04-04T19:20:38+00:00\",\"dateModified\":\"2018-04-05T20:00:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/adbb9034c9d7e1664c3043e01a8558b5\"},\"breadcrumb\":{\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#primaryimage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/04\/FB-Trade-War-China.jpg\",\"contentUrl\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/04\/FB-Trade-War-China.jpg\",\"width\":640,\"height\":360},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ChiComs Cannot Afford a Trade War\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#website\",\"url\":\"https:\/\/www.rushlimbaugh.com\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rushlimbaugh.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/adbb9034c9d7e1664c3043e01a8558b5\",\"name\":\"Dean Karayanis\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/72a9aa2ad0edc4b4be35439ee9906d39a0ddf80300927d5f733382887be67417?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/72a9aa2ad0edc4b4be35439ee9906d39a0ddf80300927d5f733382887be67417?s=96&d=mm&r=g\",\"caption\":\"Dean Karayanis\"},\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/author\/dkarayanispremierenetworks-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ChiComs Cannot Afford a Trade War - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/","twitter_card":"summary_large_image","twitter_title":"ChiComs Cannot Afford a Trade War - The Rush Limbaugh Show","twitter_description":"RUSH: Whatever sanctions we have placed, tariffs and so forth, are not gonna apply to tech. So it's not gonna affect the price of your iPhone, your iPad, or your Samsung or whatever.","twitter_image":"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/04\/FB-Trade-War-China.jpg","twitter_misc":{"Written by":"Dean Karayanis","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#article","isPartOf":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/"},"author":{"name":"Dean Karayanis","@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/adbb9034c9d7e1664c3043e01a8558b5"},"headline":"ChiComs Cannot Afford a Trade War","datePublished":"2018-04-04T19:20:38+00:00","dateModified":"2018-04-05T20:00:51+00:00","mainEntityOfPage":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/"},"wordCount":928,"image":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/04\/FB-Trade-War-China.jpg","articleSection":["Transcripts"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/","url":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/","name":"ChiComs Cannot Afford a Trade War - The Rush Limbaugh Show","isPartOf":{"@id":"https:\/\/www.rushlimbaugh.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#primaryimage"},"image":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/04\/FB-Trade-War-China.jpg","datePublished":"2018-04-04T19:20:38+00:00","dateModified":"2018-04-05T20:00:51+00:00","author":{"@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/adbb9034c9d7e1664c3043e01a8558b5"},"breadcrumb":{"@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#primaryimage","url":"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/04\/FB-Trade-War-China.jpg","contentUrl":"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/04\/FB-Trade-War-China.jpg","width":640,"height":360},{"@type":"BreadcrumbList","@id":"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2018\/04\/04\/chicoms-cannot-afford-trade-war\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rushlimbaugh.com\/"},{"@type":"ListItem","position":2,"name":"ChiComs Cannot Afford a Trade War"}]},{"@type":"WebSite","@id":"https:\/\/www.rushlimbaugh.com\/#website","url":"https:\/\/www.rushlimbaugh.com\/","name":"The Rush Limbaugh Show","description":"Excellence In Broadcasting","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rushlimbaugh.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/adbb9034c9d7e1664c3043e01a8558b5","name":"Dean Karayanis","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rushlimbaugh.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/72a9aa2ad0edc4b4be35439ee9906d39a0ddf80300927d5f733382887be67417?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/72a9aa2ad0edc4b4be35439ee9906d39a0ddf80300927d5f733382887be67417?s=96&d=mm&r=g","caption":"Dean Karayanis"},"url":"https:\/\/admin.rushlimbaugh.com\/daily\/author\/dkarayanispremierenetworks-com\/"}]}},"_links":{"self":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/269831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/comments?post=269831"}],"version-history":[{"count":12,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/269831\/revisions"}],"predecessor-version":[{"id":269986,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/posts\/269831\/revisions\/269986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/media\/269835"}],"wp:attachment":[{"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/media?parent=269831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/categories?post=269831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/admin.rushlimbaugh.com\/api\/wp\/v2\/tags?post=269831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}