Will Trump’s Trade War Spur a Major Crash?

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Will Trump’s Trade War Spur a Major Crash?
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RT America
Published on Oct 10, 2018

Anya Parampil reports on blowback from metals tariffs, specifically Ford’s $1 billion loss in profit that could lead to layoffs of up to 24,000 workers. Richard Wolff, Professor Of Economics & International Affairs and Co-Founder of “Democracy at Work” joins the show to explain why Trump’s “America first” policies are resulting in losses for US workers.

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Category
News & Politics

PerpetratorX
PerpetratorX
5 hours ago
The economy crashed in 2008 and never recovered.

27


Rick Bishop
Rick Bishop
5 hours ago (edited)
Thank you Richard Wolf and Anya Parampil.

11


harveybirdmannequin
harveybirdmannequin
5 hours ago
Well the DJIA dropped +800 points today. Does that count as a crash?
If the Chinese aren't stupid, they would be pulling their money out of Murica. Murica has sanctioned Russia, Iran, Venezuela, etc. It won't be long until Murica starts sanctioning China and Chinese citizens. Then Murica will start seizing Chinese assets held in Murica and Murican banks.
If the Chinese were smart, they would have never trusted Murica in the first place.

15


Ralphy R
Ralphy R
4 hours ago
United States sold the country a long time ago, this is  what happens when you choose profit over the people, your politicians should be held fully accountable for the downfall of the United States. the people at the top continue to profit while everybody at the bottom continues to struggle. When will the masses learn, I guess when they let the politicians turn the United States into a third world country welcome to capitalism American where citizens try the wealthy like God's.

7


Bader Ralef
Bader Ralef
4 hours ago
Hahaha Trump thinks with all these trade wars America will be great again while whole world suffering from economic crisis since 2008 until now .

8


S B
S B
4 hours ago
RT has been clearly anti-tariff from the start.

9


Ruben Gutierrez
Ruben Gutierrez
4 hours ago
Hell yeah! The Dow Jones just lost over 800 points today alone! President Donald Trump is a disaster!

7


Wretch Gunk
Wretch Gunk
5 hours ago
american auto was already failing, now their labor and materials costs have gone up....    hmmmm  I wonder what will happen?     I know I will buy Chinese over american any day

20


Nathan Halicki
Nathan Halicki
5 hours ago
Small sacrafice for a time. 
Spinning...
Ford already stated they were cutting back and only voiced it may be worse with trade terrifs.

 2)  We import more than export.  We are also a major consumer.

6


Bernardo Mendes
Bernardo Mendes
5 hours ago
It's inevitable.

6


rob bo
rob bo
4 hours ago
corp.,bankers, millionaires, and wall street have been controlling politics and the economy for years under both parties rep and dems. in the last crash we lost our homes, retirements funds, and 401k.  instead of putting them in jail we reward them by giving them tax cuts and deregulation so they can do it again.   And we put them in Washington.  we are so brainwashed

3


Jamila Malluf
Jamila Malluf
4 hours ago
To answer the question being asked in the Title of this video : NO America has been headed toward a crash since 2008 when the bankers were paid off and new bubbles were formed and as usual fake bubbles are busting. Since the bankers didn't get the war they needed in Syria because of Putin's cool head,  they have no place to pin the blame on for the coming crash they will pin it on Trump. I am not saying Trump is not making mistakes I am saying the failing economy and hundreds of companies filling for bankruptcy and millions of lay offs  started during the Obama era.

2


Peter Wexler
Peter Wexler
5 hours ago
I don't give a shit about Ford's "global" workforce. I care only about the domestic workforce!

6


MIke Mancini
MIke Mancini
4 hours ago
how come no one mentions the tariffs the  EU and  Chinese put on American products?

2


Conway79
Conway79
4 hours ago
So when Trump said there would be more jobs, he actually meant more job losses?

2


alanwho
alanwho
4 hours ago
Trump regime: Trade war is easy to win.

2


Lawrence Fortune
Lawrence Fortune
4 hours ago
Very commonsense talk.

2


Johnny Aingel
Johnny Aingel
4 hours ago
Stop giving money to israel as well we need it here in America

3


UNiCoRn PeGaSuS
UNiCoRn PeGaSuS
5 hours ago (edited)
Trump is doing right thing to protect his countrys economy. 300k chinese students in USA  who are overly rich should go back to their country or europe..

9


Ihave one
Ihave one
4 hours ago
wait until Boeing and Lockheed start screaming.....

1


John Fu
John Fu
4 hours ago
The ‘genius’ of stupid Mavarro & Luflow

1


John Osmers
John Osmers
49 minutes ago
It's called shooting yourself in the foot.
I think he has shot himself multiple times as time goes on. Lol
Not smart.

1


Echo Fortune
Echo Fortune
3 hours ago (edited)
I thought Trump said the economy was better now than it has ever been in History since he came into office??

1


J.L. Goodman
J.L. Goodman
4 hours ago
Rick Wolff is great,love his observations and delivery.

1


Fred Flinstone
Fred Flinstone
5 hours ago
Trumps a businessman, he knows what he's doing. This political globalist commentator has no clue, he's just a fear monger. The U.S already is hemorrhaging 800 billion a year. Couldn't get any worse. China needs the U.S much more then we need them.

9


Susan Monty
Susan Monty
4 hours ago
Tourism down $4.6B  and counting. All Trump did was make Canadian's mad and they will stay away

1


Jovon Ramsey
Jovon Ramsey
4 hours ago
There are some naive people commenting who thinks that we can have a win-lose situation with every country in the world when it's a matter of balance. You win some you lose some and try to stay balanced. And while Trump is at war with everybody they're finding other countries to produce the goods that the United States was producing for them which means we're losing our exports and a lot of jobs.

1


Samuel Hayden
Samuel Hayden
4 hours ago
Vote of no confidence

1


The Deaf Mute
The Deaf Mute
4 hours ago
#Trump2020
#MCGA

2


T2
T2
4 hours ago
I wish Trump to win the midterm + the next election.
I really want to see dramatic ending.

1


Leading Edge Creator
Leading Edge Creator
5 hours ago
NO,  it won't crash.

1


Orangutan
Orangutan
4 hours ago
Russia’s economy must be doing so well to comment on other countries economic policies, oh wait

1


Scott Leszczynski
Scott Leszczynski
5 hours ago
they over produced this year and have to much inventory is why fake news

1


Sean Regehr
Sean Regehr
4 hours ago
It's funny hearing anyone argue to continue a deal that is one sided to your trade partner to the tune of Billions of dollars. Since Wolffe thinks this is such a good deal put your money where your mouth is and give me the one sided deal where I get Billions of surplus and you do not. Completely ignorant. No one getting such a favourable deal will ever negotiate. That means there is only one reasonable outcome. China is simply whining because they thought they could keep bleeding their trade partner.

China is not ready to be a super power. They cannot even rule their own country without use of human rights violations and otherwise censoring all independent thought and action. The fact they try to keep all their garbage in house does not mean it does not take place. It further demonstrates that they would rather continue down this path than make real changes to liberate their people from the insane dictatorship. The only person that enjoys any dictatorship is the individual who gets the role of ruling. That is not life, that is a prison built in the open, built on selfish rules for the prolonging of a single person. They dictate the terms you can "live" by or they "remove you" at their sole discretion without so much as a notice.

They are so warm to all other nations, that they would rather build their own "China town" is every damn location they can to make it clear they have no thought for any other than themselves. No other nation on earth is that ignorant and disrespectful. Yet they continue to silence anything other than their "approved garbage" on their own soil. There is clearly no respect of any other nation or their culture.

This is the True reflection of the leaders of China and not necessarily those of the majority public, after all they are not the ones with the deep pockets to fund all of this. China also keeps their banking system completely separate from other banking institutions, which leads me to ask why and what are they hiding they do not want others to know about!?

For the record not an American citizen either. China towns should be banned and broken up world wide. It is an outrage they think they can slime their way into a majority position slowly. It is nothing more than a clever ploy to undermine sovereignty by establishing a community within an established sovereign nation. Modern colonization. China seems to think they can dictate to the world as they want without repercussions. China has much more to lose and no longer can hide in the shadows out of sight. They wanted center stage so they got it and now they are in the cross hairs. How can they rule anything when they cannot even eliminate the problems their own people face at home? They have no vision for the future, nothing that will last anyways. They built their foundation upon the sand and the storm is coming apparently.

1

Juan Cantu
Juan Cantu
5 hours ago (edited)
No, this is TRUMP's Arena. Let him play, you will see results. I guaranty it, we will not go under but come out on top. TRUMP is American, not a sellout ! China, the feeling is mutual. Ha Lol !

3


The Ragged Trousered Philanthropists
The Ragged Trousered Philanthropists
4 hours ago
Here we go....



Vincent York
Vincent York
2 hours ago
China is hurting for U.S Dollars that is why the want this trade war to end so badly. Everytime you buy something here in the U.S it say (Made in China). Those jobs being cut by Ford is because their cars and trucks is plagued with electrical problems and the warrant doesnt cover it.



luci78 Cozma
luci78 Cozma
5 minutes ago
Trump Say: trade Wars are easy to win!        Seems Not !    Hahahhahaa.   Dont mess Up with Chinese they  can do things you can’t imagine.  They can regroup and know you down hardly !     It’s gonna be long trade war.  Many to suffer.   Wait to see china actions in next 2-3 weeks. Right before mid term elections.    Will nail USA !



Bader Ralef
Bader Ralef
4 hours ago
Hahaha Trump thinks with all these trade wars America will be great again while whole world suffering from economic crisis since 2008 until now .



r p/p
r p/p
44 minutes ago
it is well known that one producing job lost brung down 5 or 6 jobs around it  i.e . grocery , services ,taxes (water , city workers ,police ,roads , garbage ,public transports ..etc ) see jobs lost vs boarded houses n' shops , it's clear ...!!!



McLean Blades
McLean Blades
4 hours ago
I don't know really know the facts. Richard Wolff could be exaggerating - maybe not. But Wolff analysis doesn't take into account that tariffs are paid to the US government. And the money goes to pay for or The Wall and The Military build-up. The trade balance with China can't continue - America has to start producing products.



Leonardo Jenner
Leonardo Jenner
3 hours ago
For God Sake!
Do you really think that Trump even cares about your jobs or even about Humanity?
He is also a Zionic pig, owned by  Devil worshipping Deepstate  Jews!
His direct boss lives in Tel'aviv!



Rui Qiang zeng
Rui Qiang zeng
11 minutes ago
Good sign bad thing, almighty bad matter coming to America, ton homeless n poors come to neighborhood near you, real big Americans, collapsed is right around corner due government desperate for tax so will raise on everything n every American now to pay ton ton government squander spending.



Michael H
Michael H
3 hours ago
What needs to be considered is the time factor...yes initially; the US is destined to take a hit, but the Chinese economy has already taken a major economic hit...If we begin to restore our own steel and aluminum producing capabilities, we won't need to buy from the Chinese/Japanese



Mando H
Mando H
2 hours ago
It should be called screw Americans first!   Pay more, get less!    Hope Republicans get tired of wining!

1


Thien Nguyen
Thien Nguyen
3 hours ago
Ford can't compete on the global market.  Stop blaming someonr else.



Mando H
Mando H
2 hours ago
Rick Scott, doesn't realize his constitutes no longer have a verifiable address!    Republican washout!



Nathan Halicki
Nathan Halicki
3 hours ago
Strange... I see comments pop up that I didnt write with my name on it... and then it changes????



Tertiary Adjunct
Tertiary Adjunct
2 hours ago
The only Wolf you can trust.



Mando H
Mando H
1 hour ago
The capitalist are in control!  The rich get richer, the rest gets screwed!



duck Lamb
duck Lamb
4 hours ago
the economies of the entire world are on shaky ground,blaming the tariffs for our "correction"is better than the truth.this way we keep the wars going.



新八景
新八景
40 minutes ago
Trump is making America bankrupt.