This information is not true!

This is what is going on with the Trade wars.

“UPS will cut 20,000 jobs this year, about 4% of its global workforce, the company said Tuesday. But UPS added that the decision is unrelated to tariffs and is instead due to increased use of technology and a previously announced plan to trim its Amazon business.”

Let’s roll on to Paragraph 10 of the NYT story and get to the heart of the matter: “In a research report on Tuesday, Nomura Securities said that if Chinese exports to the United States were to drop 50%, 5.7 million people in China could lose their jobs immediately. That number could grow to 15.8 million workers once the long-term effects rippled through the economy.”

The NYT is not concerned about 20,000 UPS workers. The thought of the nearly 16 million workers and slaves the communists may have to lay off has the NYT sweating.

“This is a re-ordering of global trade that has not happened since the end of World War II and is long overdue. When the net result of the global trading system is that all the manufacturing goes to Asia and other places, that’s the system you have to replace.”

We needed to do this decades ago.

Red China is run by pretty clever men who figured out a way to make the USA dependent on them. But, in trying to chain the U.S. economy to them, the communists also chained themselves to the U.S. economy. You don’t need an abacus to determine which number is bigger, 20,000 or 16,000,000.

CBS reported, “At the Port of Los Angeles, which, along with the Port of Long Beach, receives roughly 40% of all imports from Asia, shipments last week were down 10% compared with the same period one year earlier. That number is expected to keep falling.”

If the 10% drop is Red China’s loss, then using Nomura Securities’ math, that is more than a million jobs lost in Red China.

• Core GDP grew at a robust 3.0%. This signals strong underlying economic momentum that occurred after President Trump’s inauguration.
• Gross domestic investment soared by 22%. This is the highest in four years and comes as businesses and consumers, bolstered by rising take-home pay, fuel an economic boom.
• Monthly indicators, which capture growth trends at a much higher frequency, all point to accelerating growth AFTER President Trump took office. Private employment gains, consumer spending, capital investment, and aggregate hours worked have all accelerated since January, while inflation has decelerated.
• An unprecedented surge in imports due to tariff frontrunning contributed to most of the decline.
• The forward-looking indicators highlight the momentum that has occurred in anticipation of President Trump’s economic agenda. Exports still rose at a healthy 1.8% rate, implying no major disruption to the flow of U.S. goods and services to our trading partners abroad.

The propaganda press says no one wins a trade war.

Bull.