Tag: Mexico

On To Mexico And Beyond

Emboldened by his attack on Venezuela the shriveled husk of a human is now setting his sights on Mexico….and of course the cartels will be his excuse for another attack on a sovereign nation.

Donald Trump said the US will begin land strikes on drug cartels in Mexico as he warned that the only limit to his global power is his ‘own morality’.

The president announced the military action against narcoterrorists just days after the capture of Venezuelan leader Nicolas Maduro.

‘We are gonna start now hitting land with regard to the cartels. The cartels are running Mexico, it’s very sad to watch and see what’s happened to that country,’ Trump told Fox News Thursday night.

The president earlier boasted of his massive foreign policy powers when asked what the limits were on what the US military could do in the region.

‘My own morality. My own mind. It’s the only thing that can stop me,’ he told The New York Times.

Trump has suggested that Greenland, Cuba and Colombia could be next on his list for US operations, angering NATO and world leaders ranging from the UK’s Keir Starmer to France’s Emanuel Macron.

The president even interrupted his interview to take a phone call from Colombian President Gustavo Petro, who has promised he would ‘take up arms’ if Trump came after him.

Trump and his collaborators have flirted with the idea of invading or attacking the cartels in Mexico since his election campaign.

https://www.dailymail.co.uk/news/article-15447917/Trump-land-strikes-Mexico-power.html

Just to help out this article talks about his threats to other countries….

President Donald Trump, the self-proclaimed “Peace President,” detonated his own America First campaign promise of “no new wars” over the weekend with an act of war in Venezuela.

The U.S. military attacked Venezuela early Saturday morning, abducting its leader Nicolás Maduro and his wife, who now face narco-terrorism charges in a New York federal court. Eighty Venezuelan and Cuban citizens were killed by U.S. gunfire and airstrikes.

At least one U.S. missile struck an apartment building in the port city of Catia La Mar, killing an 80-year-old woman as she slept, seriously injuring another and displacing residents, according to The Associated Press. Trump described the attack as “successful” and “perfectly executed.”

A growing number of legal experts and lawmakers have called Saturday’s bombing of Venezuela and the abduction of Maduro illegal under both international law and the U.S. Constitution.

And yet, the Trump administration is already threatening further military action against Venezuela and other sovereign nations in pursuit of his so-called “Donroe Doctrine,” the refashioning of the 1823 Monroe Doctrine, which American leaders with imperialist ambitions have used to justify U.S. occupations across Latin America throughout the 19th and 20th centuries.

“Under our new national security strategy, American dominance in the Western Hemisphere will never be questioned again,” Trump said Saturday at a press conference following the attack on Venezuela. “Under the Trump administration, we are reasserting American power in a very powerful way in our home region.”

The List of Countries Trump Is Threatening With War Keeps Growing

Yeah this dirt bag deserves a Peace Prize and the title of ‘Peace President’…..this POS deserves to be arrested and his whole goddamn cabinet along with him.

Is this what America stands for….the domination of the hemisphere through force?

This whole admin makes me sick to my stomach…..and there are people that voted for this…..that is disgusting to think about.

I Read, I Write, You Know

“lego ergo scribo”

An Old Threat Returns

Our bloated leader has once again threatened more attacks on a nation…..this time an old threat against Mexico.

Our clueless leaders is having a grand old time threatening everybody he can to keep the meme of drugs going.

It appears that more plans are being made…..

The Trump administration has begun developing detailed plans to send US troops and intelligence officers into Mexico to target cartels in operations that would include drone strikes, NBC News reported on Monday, citing current and former US officials.

The report said that US military personnel have already begun training for the potential mission, though a deployment is not imminent. Many of the troops would come from Joint Special Operations Command (JSOC) and would operate under the authority of US intelligence agencies, with involvement from CIA officers.

Unlike the current US bombing campaign against alleged drug boats in the waters of Latin America, which the Trump administration is conducting without legal authority, the idea of the campaign in Mexico would be to keep it secret and not publicize attacks.

The NBC report said the administration wanted to operate in coordination with the Mexican government but was also considering conducting the campaign without Mexico’s approval, which would mark a significant violation of the country’s sovereignty. Mexican President Claudia Sheinbaum has increased law enforcement cooperation with the US and has allowed the CIA to ramp up surveillance flights along the border, but she has repeatedly ruled out US military intervention in her country.

“The United States is not going to come to Mexico with the military,” Sheinbaum said in August. “We cooperate, we collaborate, but there is not going to be an invasion. That is ruled out, absolutely ruled out.”

The Mexican leader has also condemned US strikes on boats in the region, saying she “doesn’t agree” with the policy. The US recently bombed several alleged drug vessels in the Eastern Pacific, and in one case, the Mexican Navy had to rescue a survivor.

…

The NBC report signals that the potential US bombing campaign in Mexico, which would target alleged cartel targets, would have even less transparency since the idea is to do it in secret.

In response to the report, a senior administration official told NBC, “The Trump administration is committed to utilizing an all-of-government approach to address the threats cartels pose to American citizens.”

(antiwar.com)

This is getting tiresome.

After 50 years of the War of Drugs and the supply has not significantly diminished but Donny somehow has a master plan.

When will this madness end?

This macho bullshit needs to be tamped down…..there are more important issues that need immediate attention.

BTW….Mexico is also an oil producing country.

Just saying.

I Read, I Write, You Know

“lego ergo scribo”

 

Attack On Mexico

News came out that there are plans for the US to attack Mexico and the cartels……after Donny threatening to do so will he make good on those threats?

The Trump administration has directed the military to prepare for lethal strikes against cartel targets inside Mexico, three military sources tell us. The Top Secret planning order, issued in late Spring, directs Northern Command (NORTHCOM) to manage the attack plans, which are to be ready by mid-September.

Though U.S.-Mexico military relations are broad and cooperative, any military action south of the border is considered extremely sensitive for both Washington and the Mexican federal government and is rarely discussed in public.

“Not only is Donald Trump uniquely focused on TCOs [transnational criminal organizations, the official name for cartels], having designated them terrorists in one of his first Executive Orders, but he has shown himself to be willing to take unilateral action despite potentially negative political ramifications,” says one senior intelligence official. He and the other sources say that military action could be unilateral — that is, without the involvement or approval of the Mexican government.

The unprecedented order was discussed at a July meeting at NORTHCOM headquarters in Colorado Springs that was led by Colby Jenkins, the unconfirmed Assistant Secretary of Defense for Special Operations and Low-Intensity Conflict. Within days, Gen. Gregory M. Guillot, commander of NORTHCOM, hosted the two highest ranking Mexican military officials: Gen. Ricardo Trevilla Trejo, Secretary of National Defense, and Adm. Raymundo Pedro Morales Ángeles, Secretary of the Navy.

“Today, more than ever, the challenges we face demand a joint, coordinated, and adapted response,” Morales said after the Colorado visit, trying to impress upon Pentagon and military leaders that any potential operation be conducted by the two nations together.

https://www.kenklippenstein.com/p/military-preparing-attacks-on-mexican

Is this a good idea?

What will happen when Mexican civilians start dying because of our military actions?

I think this is a crap idea?

How about you?

I Read, I Write, You Know

“lego ergo scribo”

New Drone Strikes?

For the past decade drone strikes have been a way for the US to assert its dominance over the rest of the world by using drones to do their dirty work….Yemen, Syria, Somalia, etc….and now the Trump Administration is considering a new target….No it is not Iran (for now)….

They are considering using drones against Mexican cartels.

The Trump administration is considering launching drone strikes against cartels in Mexico in an effort to stem the flow of fentanyl and other drugs through the southern border, NBC News reported on Tuesday.

The report, which cited multiple former and current US officials, said the discussions were still in the early stages, but the administration has taken steps toward taking military action against cartels, including designating them as “terrorist organizations” and stepping up CIA drone flights over Mexico.

The report said that the Trump administration would prefer to launch drone strikes against cartels in cooperation with the Mexican government but is not ruling out launching unilateral military action, which would significantly rupture US-Mexico relations.

In response to the report, Mexican President Claudia Sheinbaum rejected the idea of any unilateral US action. “We reject any form of intervention or interference. That’s been very clear, Mexico coordinates and collaborates, but does not subordinate itself. There is no interference, nor will there be,” Sheinbaum said.

The Mexican leader added, “While this idea hasn’t been formally proposed, we’ve made it clear that it wouldn’t address the root of the issue. What truly works is ongoing attention to root causes, arrests driven by intelligence and investigation, coordination, and zero tolerance for impunity. We categorically reject any such actions, and we don’t believe they will happen. There is a strong, ongoing dialogue on security and many other matters.”

The Wall Street Journal reported in February that Secretary of Defense Pete Hegseth had threatened Mexican military officials that the US could take unilateral military action in Mexico. The report said Hegseth threatened action “if Mexico didn’t deal with the collusion between the country’s government and drug cartels.”

While the Trump administration wants to reduce the flow of fentanyl, opponents of turning the drug war into a hot war have warned it’s unlikely to have that effect. Daniel DePetris, a fellow at Defense Priorities, pointed out in a post on X that if the demand for fentanyl still exists in the US, then cartels or other criminal organizations would still be willing to manufacture the drug and smuggle it across the US border.

“If demand for the drug is still high, the cartels—or independent criminal syndicates—will have a financial incentive to continue manufacturing, even if it comes at the risk of death (these guys are already risking death by being in a cartel). There is a lot of money to be made,” DePetris said.

Military action against the cartels also comes with a risk of bringing a hot war to US territory since the organizations are known to have a presence inside the US and also possess advanced weapons that could even be fired across the US-Mexico border.

(antiwar.com)

Let’s be honest drone strikes have killed more civilians than bad guys….so is using them against Mexico a good idea?

I guess in some warped thinking it would be better for the use of drones than a once consider using the US military in an invasion type operation.

But this idea like the use of military personnel should be scrapped.

Just wondering.

I Read, I Write, You Know

“lego ergo scribo”

Is Bombing Mexico The Answer?

Recently I wrote a post about Graham suggesting that the US should invade Mexico……

Read my post from a month ago…..

Let’s Invade Mexico (Again)

It seems that the whole party, not just one idiot member, is suggesting some sort of military action against parts of Mexico…

A growing number of prominent Republicans are rallying around the idea that to solve the fentanyl crisis, America must bomb it away.

In recent weeks, Donald Trump has discussed sending “special forces” and using “cyber warfare” to target cartel leaders if he’s reelected president and, per Rolling Stone, asked for “battle plans” to strike Mexico. Reps. Dan Crenshaw (R-Texas) and Mike Waltz (R-Fla.) introduced a bill seeking authorization for the use of military force to “put us at war with the cartels.” Sen. Tom Cotton (R-Ark.) said he is open to sending U.S. troops into Mexico to target drug lords even without that nation’s permission. And lawmakers in both chambers have filed legislation to label some cartels as foreign terrorist organizations, a move supported by GOP presidential aspirants.

“We need to start thinking about these groups more like ISIS than we do the mafia,” Waltz, a former Green Beret, said in a short interview.

Not all Republican leaders are behind this approach. John Bolton, Trump’s third national security adviser who’s weighing his own presidential run, said unilateral military operations “are not going to solve the problem.” And House Foreign Affairs Committee Chair Mike McCaul (R-Texas), for example, is “still evaluating” the AUMF proposal “but has concerns about the immigration implications and the bilateral relationship with Mexico,” per a Republican staff member on the panel.

But the eagerness of some Republicans to openly legislate or embrace the use of the military in Mexico suggests that the idea is taking firmer root inside the party. And it illustrates the ways in which frustration with immigration, drug overdose deaths and antipathy towards China are defining the GOP’s larger foreign policy.

https://www.politico.com/news/2023/04/10/gop-bomb-mexico-fentanyl-00091132

Is this stupidity real the answer to the problem?

Why is the only answer for the GOP is always some sort of military action?

Apparently someone with deep pockets is telling them what should be done.

Personally I do not see this as an answer to the situation they are concerned about….it will lead to more problems than it solves.

I Read, I Write, You Know

“lego ergo scribo”

Let’s Invade Mexico (Again)

Another trigger happy politician.

The US has invaded Mexico a couple of times….once in 1846 and again in 1916…the last time was 1916…..

During the Mexican Revolution (1910-1917), the United States government ordered two military incursions into Mexico. The first entailed an invasion and occupation of the city of Veracruz in 1914, and the second was the “Punitive Expedition” of 1916-1917, commanded by General John J. Pershing. President Woodrow Wilson was reluctant to send U.S. troops to Mexico in 1914, but “yielded to pressure from American business interests, cabinet members, newspapers, and representatives of the Southwest.” Reluctant or not, Wilson desired to depose the government of General Victoriano Huerta by seizing the port of Veracruz, through which flowed most of the armaments and supplies imported for the Mexican army. Wilson’s quarrel with Huerta was twofold: first, Huerta “could not maintain order and protect U.S. private and public interests” in Mexico; and second, Huerta was “a dictator who imposed himself on the Mexican republic after murdering his democratically elected predecessor.” American warships arrived on the scene in April, 1914 and shelled the city, taking “a terrible toll” on the civilian population, which had decided to resist the invasion. At the same time, the U.S. Navy and Marines seized the opportunity to experiment with amphibious landing techniques, with “an almost comic opera” effect. Between the landing and the occupation (which lasted through November) U.S. troops did help oversee the removal of Huerta from office mainly by supplying the revolutionary forces of Venustiano Carranza with arms and other critical materials.

Research: United States Interventions in Mexico

I present this little slice of history because of what that idiot from South Carolina proposed….

Sen. Lindsey Graham (R-SC) said Monday that he was prepared to introduce legislation to “set the stage” for US military intervention in Mexico.

Graham’s comments came after four Americans were kidnapped in the Mexican border city of Matamoros, an area said to be dominated by cartels, and two were found dead. He was asked how he would deal with kidnappings or the cartels in general, and said he would get “tough.”

“I would put Mexico on notice,” the hawkish senator told Fox News host Jesse Waters. “If you continue to give safe haven to drug dealers, then you are an enemy of the United States.”

Graham said he agreed with former Attorney General Bill Barr, who wants to declare the cartels “foreign terrorist organizations.” Barr wrote in The Wall Street Journallast week that the US should take military action against cartels.

Barr expressed support for a joint resolution proposed by Reps. Dan Crenshaw (R-TX) and Michael Waltz (R-FL) that would authorize the president to use military force against “those responsible for trafficking fentanyl or a fentanyl-related substance into the United States or carrying out other related activities that cause regional destabilization in the Western Hemisphere.” So far, the resolution has 16 Republican cosponsors.

Graham said he wants to put forward a bill that would designate cartels as terror organizations. “I’m going to introduce legislation, Jesse, to make certain Mexican drug cartels foreign terrorist organizations under US law and set the stage to use military force if necessary to protect America from being poisoned by things coming out of Mexico,” he said.

Other Republicans have called for military intervention in Mexico, which would be a dramatic escalation of America’s decades-old war on drugs. “We should strategically strike and take out the Mexican Cartels, not the Mexican government or their people, but the Mexican Cartels which control them all,” Rep. Marjorie Taylor Greene (R-GA) wrote on Twitter on Monday.

Mexican President Andres Manuel Lopez Obrador on Tuesday warned the US against military intervention in his country. He said his government was “working and cooperating” with US authorities against cartels but wouldn’t allow “foreign countries” to intervene.

(antiwar.com)

Seriously?

These idiots in DC just want to force war on this country at ever turn.

Hopefully clearer heads will prevail on this issue….but I have NO confidence that they will.

I Read, I Write, You Know

“lego ergo scribo”

Closing Thought–16Feb22

Well crap!

I enjoy an avocado a good source of vitamins and protein….I became acquainted with them on a trip to Mexico and have enjoyed them for 40 years……and to my tastes the ones from Mexico are excellent and a great buttery taste.

Since we have been importing them from Mexico they are inexpensive….about 60 cents each…..but now we have a problem on the supply chain from Mexico.

Mexico has acknowledged that the US government has suspended all imports of Mexican avocados after a US plant safety inspector in Mexico received a threat, the AP reports. The surprise, temporary suspension was confirmed late Saturday on the eve of the Super Bowl, the biggest sales opportunity of the year for Mexican avocado growers—though it would not affect game-day consumption since those avocados had already been shipped. Avocado exports are the latest victim of the drug cartel turf battles and extortion of avocado growers in the western state of Michoacan, the only state in Mexico fully authorized to export to the US market.

The US government suspended all imports of Mexican avocados “until further notice” after a US plant safety inspector in Mexico received a threatening message, Mexico’s Agriculture Department said in a statement. “US health authorities … made the decision after one of their officials, who was carrying out inspections in Uruapan, Michoacan, received a threatening message on his official cellphone,” the department wrote. The import ban came on the day that the Mexican avocado growers and packers association unveiled its Super Bowl ad for this year. Mexican exporters have taken out the pricey ads for almost a decade in a bid to associate guacamole as a Super Bowl tradition.

This year’s ad shows Julius Caesar and a rough bunch of gladiator fans outside what appears to be the Colosseum, soothing their apparently violent differences by enjoying guacamole and avocados. The association did not immediately respond to a request for comment on the ban, which hits an industry with almost $3 billion in annual exports. However, avocados for this year’s Super Bowl had already been exported in the weeks prior to the event. The US Embassy wrote that “facilitating the export of Mexican avocados to the US and guaranteeing the safety of our agricultural inspection personnel go hand in hand,” and that it is “working with the Mexican government to guarantee security conditions that would allow our personnel in Michoacan to resume operations.”

This ought to make the US avocado industry smile….for they are more expensive and less tasty so now they may have a captive audience at least for awhile.

I Read, I Write, You Know

“lego ergo scribo”

South Of The Border Down Mexico Way

When Trump issued his ultimatum to Mexico I at first was worried because Mexican Avocados are divine…..but after some thought I figured this was just a way to divert the news from Trump’s problems…….

In the beginning was the threat…..

President Trump has vowed to slap new tariffs on all goods from Mexico—and to keep increasing them until the country stops migrants coming to the US. On June 10, the US “will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP,” the president tweeted Thursday. “The Tariff will gradually increase until the Illegal Immigration problem is remedied at which time the Tariffs will be removed.” The White House says the tariffs will rise to 10% on July 1, then go up 5% each month after that until they hit 25% on Oct. 1, reports the Washington Post. Earlier Thursday, Trump told reporters he was going to make his biggest statement on the border so far.

Trump said in a statement that after October, the tariffs will remain at 25% “until Mexico substantially stops the illegal inflow of aliens coming through its territory.” The surprise announcement came on the day that Mexican President Andres Manuel Lopez Obrador began to ratify the USCMA trade deal with US and Canada, which could now be in jeopardy, reports Reuters. The tariffs could devastate Mexico’s economy, though experts including trade lawyer Daniel Ujczo suspect Trump will backtrack on the move, as he did with his threat to seal the border in March. “This seems more theater and tactics than a strategy to solve the migration crisis and rebalance North American trade,” Ujczo tells the AP.

And then just a day before the tariffs were to take effect…..we have a deal! (Go figure!)

“Indefinitely suspended.” That’s the fate of the tariffs President Trump had warned he’d levy against Mexico, per Trump himself, who tweeted Friday that a deal on immigration had been signed with our neighbors to the south, per Politico. Trump had previously signaled there was a “good chance” a deal was coming to stave off a progressively increasing tariffs hit on Mexico, and he crowed Friday night that had happened. “I am pleased to inform you that The United States of America has reached a signed agreement with Mexico,” he tweeted. “The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended. Mexico, in turn, has agreed to take strong measures to stem the tide of Migration through Mexico, and to our Southern Border. This is being done to greatly reduce, or eliminate, Illegal Immigration coming from Mexico and into the United States.”

How fortuitous….a deal just in the nick of time……appears my first reaction was the correct one after all……this was a game to divert attention…and then he can claim a success for something that was already a success.

Turns out Friday’s big immigration deal between the US and Mexico—or at least most of it—had already been struck over the past few months, officials on both sides tell the New York Times. The new agreement states that Mexico will deploy “its National Guard throughout Mexico” to stop migrants, but Mexico made that promise to Kirstjen Nielsen, former secretary of homeland security, back in March. The agreement also expands a program for asylum-seekers to stay in Mexico while awaiting US legal confirmation, but that was struck in December and announced by Nielsen five days before Christmas. In the latest negotiations, US officials failed to add that America can reject asylum seekers if they hadn’t first tried refuge in Mexico.

I am glad we have a deal…..even if it was negotiated months ago…..but Trump did not doing anything most other presidents do…..take credit for successes.

My avocado affliction is safe….for now.

Since I am an old fart…..The title of this post made me think of an old Patsy Cline song…..

Ever Heard Of ‘Cause And Effect’?

Closing Thought–31May19

I realize that the “invasion” of Latin Americans is important to this president and “tariffs” are his answer to all our economic problems…..whether you believe these fantasies or not…there is a thing call ’cause and effect’……

That is ….. one process or state, a cause, contributes to the production of another process or state, an effect, where the cause is partly responsible for the effect, and the effect is partly dependent on the cause. In general, a process has many causes, which are also said to be causal factors for it, and all lie in its past.

A little simpler?

For every action there is an opposite but equal reaction. Did that help?

All that out of the way what am I going on about?

The newest utterance from Our Beloved Supreme Leader……

President Trump has vowed to slap new tariffs on all goods from Mexico—and to keep increasing them until the country stops migrants coming to the US. On June 10, the US “will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP,” the president tweeted Thursday. “The Tariff will gradually increase until the Illegal Immigration problem is remedied at which time the Tariffs will be removed.” The White House says the tariffs will rise to 10% on July 1, then go up 5% each month after that until they hit 25% on Oct. 1, reports the Washington Post. Earlier Thursday, Trump told reporters he was going to make his biggest statement on the border so far.

Trump said in a statement that after October, the tariffs will remain at 25% “until Mexico substantially stops the illegal inflow of aliens coming through its territory.” The surprise announcement came on the day that Mexican President Andres Manuel Lopez Obrador began to ratify the USCMA trade deal with US and Canada, which could now be in jeopardy, reports Reuters. The tariffs could devastate Mexico’s economy, though experts including trade lawyer Daniel Ujczo suspect Trump will backtrack on the move, as he did with his threat to seal the border in March. “This seems more theater and tactics than a strategy to solve the migration crisis and rebalance North American trade,” Ujczo tells the AP.

Is this just something said to divert the attention of the MSM?  Will it remain if the markets tank?

Does he realize that if this is law and the economic activity in Mexico ceases it will create more people in search of economic security?  (That is cause and effect)…..

This is a silly trade policy…it is that simple……

But let us look at other economic news……

How about those “tax cuts”?……..(Read and weep!)

Despite lofty promises from President Donald Trump and the Republican Party, the $1.5 trillion in tax cuts that went into effect last year have done little—if anything—to raise workers’ wages, boost economic growth, or spur business investment.

That’s according to a new analysis by the nonpartisan Congressional Research Service (CRS), which appeared to vindicate warnings from progressive critics that the GOP tax cuts were little more than a scam designed to put more money in the pockets of wealthy Americans.

In its 23-page report (pdf), the independent research arm found that while the Republican tax law has not done much for workers or the overall economy, it has sparked a wave of stock buybacks, which primarily benefit rich executives.

https://www.commondreams.org/news/2019/05/29/virtually-no-wage-growth-surge-stock-buybacks-study-offers-more-proof-trump-tax-cuts

Billions are pouring into the US treasury because of the Trump tariffs……..

President Donald Trump likes to talk about the money Washington is making from the spate of tariffs his administration has imposed on global trading partners. The catch? Most of it is probably coming from American pocketbooks.

At a postelection news conference on Wednesday, Trump misleadingly claimed that billions of dollars would “soon be pouring into our Treasury from taxes that China is paying for us.”

He got the first part right. Federal revenue from tariffs in the third quarter increased by more than 33% from the same quarter last year, Treasury Department data shows. And in October — the first full month in which all tariffs announced to date were in effect — the monthly collection appears to have doubled from the 2017 level to about $6 billion, according to estimates from daily receipts.

https://markets.businessinsider.com/news/stocks/trump-tariffs-revenue-up-sharply-american-costs-increase-2018-11-1027713336

These Trade Wars are good for the US, right?

President Trump’s trade battles are costing the U.S. stock market $5 trillion and counting, according to Deutsche Bank.

Given the bulk of equity returns come from equity price appreciation, in an escalated trade war with China and now Mexico, the U.S. is losing trillions of dollars in foregone returns as markets sink on the negative headlines, the bank said Friday.

“The costs of the trade war in our view are about its indirect impacts,” said Deutsche Bank chief strategist Binky Chadha in a note to clients. “The trade war has been key in preventing a recovery in global growth and keeping US equities range bound. Foregone US equity returns from price appreciation (12.5% annual rate) for 17 months are worth $5 trillion.”

https://www.cnbc.com/2019/05/31/trumps-trade-wars-have-cost-the-stock-market-5-trillion-and-counting-deutsche-bank.html

Someone explain to me where the “good news” is in all this trade war stuff?

Trade War Consequences

Trump has declared a trade war on China (among others) and outcome is benefiting a country that he has used in the past…..Mexico.

Remember Mexico…that country that would pay for his damn silly border wall? They will not!

But since he has seen fit to declare this trade war Mexico will benefit the most.

The Trump Administration’s trade war with China has turned out to be a windfall for another country the president frequently berates: Mexico.

Consider Fuling Global Inc., a Chinese maker of plastic utensils that developed a lucrative business making paper cups and straws for U.S. restaurants. But President Trump upended all that with tariffs on $250 billion worth of Chinese imports, including paper products. So the company found an alternative, opening a $4 million factory in Monterrey, Mexico, that will soon begin shipping millions of paper straws across the border.

“We had to look for other ways to do business,’” said Fuling Chief Financial Officer Gilbert Lee. The move means the Wenling, China-based company will avoid the tariffs and make up for pricier Mexican labor with lower shipping costs. “Mexico is a very logical and advantageous location for us.”

https://www.bloomberg.com/news/articles/2019-03-27/who-is-winning-trump-s-trade-war-with-china-so-far-it-s-mexico

We keep waiting for the return of our manufacturing jobs (that will never return but we were promised) to all that cash that would return from offshore (to be fair some of the cash has come home but not enough)….

Trump’s trade war is not helping Americans in the least…..but Mexico will make out like the bandits they are accused of being (that is sarcasm not a pronouncement).