Wilbur Ross Discusses U.S. Economy, China Trade, Tariffs and Hong Kong….

Commerce Secretary Wilbur Ross appears (in studio) on CNBC to discuss the current state of the U.S. economy, the ongoing issues with communist China, the ‘next step’ trade tariffs and the situation in Hong Kong.

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This entry was posted in Auto Sector, Big Government, China, Communist, Donald Trump, Economy, Hong Kong, media bias, President Trump, Trade Deal, Uncategorized, US Treasury, USA. Bookmark the permalink.

68 Responses to Wilbur Ross Discusses U.S. Economy, China Trade, Tariffs and Hong Kong….

  1. Jason Ross says:

    Gun control and the economy are deemed effective wedge issues by the left so expect non-stop coverage, and desperate attempts to pin ‘catastrophe’ on President Trump.

    As a corollary, expect virtually no coverage of the border situation or Epstein.

    Liked by 12 people

  2. emet says:

    As soon as HK is no longer seperate from China for purposes of importation into the US, this will stop China from transshipping goods thru Hong Kong as as if they were of Hong Kong origin.
    Years ago textiles from China were restricted thru the use of textile quotas (quota visa), but China was able to circumvent this by transshipping thru Hong Kong, Vietnam, Mexico, etc.
    US Customs used to have “jump teams” that would visit various countries to determine if itheir textile exports were actually being made there. It was not unusual to find that the exporting country did not have the manufacturing capacity.
    Of course, nobody in Congress was much interested in protecting American manufacturers.

    Liked by 17 people

    • CA M says:

      So true! In fact, I was discussing this yesterday with someone who moves hundreds of millions of dollars of product through Hong Kong and he spouted off the old line that manufacturing is for low wage countries, and with our high wages we can never compete/manufacturing in America is dead, etc.. How many times over the years have we heard that line of BS?! Of course he thinks Trump’s team and China’s hardliners are all holding up things (true enough), but when our own people no longer care about our own workers and products, it is disappointing to say the least.

      Liked by 6 people

    • Rhoda R says:

      They haven’t been since NAFTA provided an opportunity for more sweet graft.

      Liked by 3 people

  3. TheWanderingStar says:

    Could the talking head be any more insulting? Has there been a “concrete analysis”…”real analysis”…actual “internal analysis”. Who the eff does he thinks he’s talking to? Joe Biden? smh.

    Liked by 10 people

    • The Boss says:

      That guy has always been the proverbial eunuch in a harem. He just can’t get it done no matter how much he tries.

      Liked by 4 people

    • Linda K. says:

      Snarky little girl sidekick. Wilbur knocked her right over but I’m not sure she noticed because she kept coming back for more.

      Liked by 6 people

      • Daniel M. Camac says:

        Linda, She sure gives intelligent women a bad name. Oh wait, she actually doesn’t because she’s a globalist, a TDS patient and an arrogant POS who got her lunch handed to her on the “aging cabinet member” question. Wilburine-10 Wannabe Finance Analyst-0.

        Like

  4. bessie2003 says:

    Great interview!

    Liked by 1 person

  5. ElGato says:

    His final sentence is epic.

    Liked by 11 people

  6. Revenant says:

    The badgering question style is very off-putting.

    Liked by 9 people

    • Marygrace Powers says:

      Exactly. All three obnoxious and in
      true Wilbur fashion he schooled them ALL.

      Did you catch the broad asking
      when he would depart? He gave
      the P.T. Barnum quote. Then she
      suggested that her remark did not
      include his demise, and Wilbur
      smacked her down with the following:

      “I’m not going to debate, but
      you went well beyond that.” BEYOND RUDE.

      DID YOU CATCH IT? DID I IMAGINE IT?

      Liked by 13 people

      • Revenant says:

        No you didn’t imagine it. I heard that too.

        The media-arrogance continues to astound me. (I hardly ever watch TV news anymore; I occasionally watch clips here). None of the “reporters” or “analysts” on the stage could do Ross’ job.

        Liked by 5 people

        • Marygrace Powers says:

          Get this Revenant/ look how Fake News
          CNBC worded/GLOSSED OVER the
          exchange in the transcript/ I looked it up:

          WILBUR ROSS: Well, you remind me with your repeated suggestions that I’m departing, of what P.T. Barnum said when they published his obituary. Namely that the reports of my death are greatly exaggerated.

          KAYLA TAUSCHE: I never reported that you were dying. I reported that cabinet members serve at the pleasure of the President and sometimes the pleasures of the President change. (BITCHY TONE)

          WILBUR ROSS: Well, I’m not going to debate with you, but you might be on that.

          https://www.cnbc.com/2019/08/14/first-on-cnbc-cnbc-transcript-commerce-secretary-wilbur-ross-speaks-with-cnbcs-squawk-box-today.html

          We have ears/eyes and we caught it.
          Wilbur definitely said:
          “Well, I’m not going to debate with you,
          but you went well beyond that.”

          AND WILBUR GAVE HER A DISGUSTED LOOK.

          Liked by 3 people

          • meadowlarkspring says:

            She wrote a very belligerent piece.

            Like

            • Carrie says:

              That woman is absolute trash. She’s odious and I wonder what people on the left would have said if some journalist questioned Paul Krugman about his imminent demise…

              Liked by 3 people

              • meadowlarkspring says:

                lol!

                Liked by 1 person

              • meadowlarkspring says:

                Liked by 1 person

            • TheWanderingStar says:

              Kayla’s just another “true believer” no doubt. Dangerous.

              Liked by 1 person

      • Joe was actually quite respectful but did ask tough questions. However he also pointed out how the Trump economy is blowing away that of the prior 8 years.
        The girl and other guy were almost as dense and snarky as that unattractive, mentally challenged, young blond who is on in the afternoon.
        I thought many of their questions if asked with proper tact and humility would have been great for the American public if posed correctly. However they (the two young ones) are talking heads who know nothing of economics or much of anything else that is not yelled into their earpieces by the Marxist producer. They were trying to ask gotchas to someone without the time nor desire to lead them by the hand through the “complicated business” that is Main St. First.

        Liked by 1 person

    • cattastrophe says:

      Part of the badgering are the interruptions (every single time) before he even completes his answer. I really wanted to give each of the questioners a good slap or two…or three. This gang up style (on purpose) is meant to put the person being interviewed off their game, so to speak. With Ross it doesn’t work but it’s unbearable to watch.

      Liked by 1 person

  7. TarsTarkas says:

    It will be racism, racism, racism, nevermore. They’ve gone beyond the twisting of quotes, they’re not completely fabricating them in order to paint the President and anybody who even refuses to say something negative about him as a irredeemable despicable bigot who should be rounded up and stuck in a death camp and WILL be once they cheat and lie their way into complete power again.

    Liked by 4 people

  8. SpanglishKC says:

    Wilbur you are an American treasure!!!

    Did you catch he said “this is the most exhilarating thing I have done in the last 25 years!”…

    Something like that anyway

    Liked by 9 people

  9. sarasotosfan says:

    It is great to hear Wilbur Ross say what he is doing now is the most stimulating work he has done in the past two decades. I’m certain we will be reading more stories about him falling asleep in meetings in three, two, one…

    Liked by 3 people

  10. george says:

    You cannot believe Wilbur Ross’s own personal fortune. His art collection alone is worth more than most of us and certainly the Press will make in a lifetime. He didn’t get to be that way by not being smart.

    Liked by 7 people

  11. Watching these 30 (?) year old talking heads interrupt and ask leading questions of Secretary Ross, who is 50 years their senior and orders of magnitude more intelligent and experienced than they are, is beyond irritating.

    Liked by 11 people

  12. Rynn69 says:

    CNBC – your go to for deep analysis. Q: “Has the WH done any kind of analysis on the economic impact of the tariffs?” Lol. Wilbur should have sarcastically said – “Nah – we didn’t think of it.” Where do these network anchors and panelists come from?

    Liked by 3 people

  13. Carrie says:

    That woman is clearly a paid shill for Huawei!! She mentioned them in almost all of her questions!
    And this interview goes to highlight that an older gentleman who is as sharp as a tack is 10 fold more intelligent than those 3 dunderheads combined. Her questions were so shrill and utterly ignorant, it’s just frightening. And speaking about his demise was just shocking. It’s really as if she’s asking for something dreadful to befall her…

    Liked by 1 person

    • G S says:

      She’s there for “diversity”. They are still missing a midget, a transgender, an Indian…

      Liked by 2 people

      • Carrie says:

        I have a hard time believing she’s there to represent my gender (because she’s just so woefully inadequate), so I’m going to suggest she’s there to represent as a Chinese sympathizer (in the same breath- Joe Biden fan).

        Liked by 2 people

        • G S says:

          I’m saying they have her there because she is a woman. They could have a man representing as a “Chinese sympathizer” like you said, but they needed a woman in the panel. That’s my opinion, anyway.

          Like

        • SpanglishKC says:

          Don’t know if you intended your comment to be funny but I found it hilarious (because it contains the truth)!

          Like

      • SteveT says:

        Does diversity require anyone with an IQ higher than their age? There is an obvious conclusion.
        Why let them get away with “the concessions to Huawei” line? This should have been smacked down, otherwise it gives the wrong impression.

        SteveT

        Like

  14. G S says:

    And what exactly was the position of the “USA relating to Hong Kong in past”?
    How did the Obama’s administration “fight for freedom” anywhere?! Leading from behind?

    Liked by 2 people

  15. Carrie says:

    One of my favorite moments was Wilbur Ross at that panel of globalists at Davos shortly after PDJT was elected. Honestly it is still an absolute pleasure to watch as he explained to them about tariffs and China’s ridiculous favored nation status. He made them all appear illiterate. The stuff of legends. Love him!!

    Liked by 3 people

    • Stillwater says:

      I still frequently refer back to that panel that Wilbur Ross was on at Davos. He pretty much laid out what the issues were with U.S./global trade.

      • Wilbur Ross on panel at DavosVideo
      • Wilbur Ross Shreds Globalists at Davos: “We don’t intend to abrogate leadership, but leadership is different from being a sucker and being a patsy”…CTH article

      Liked by 5 people

  16. Tiffthis says:

    I love me some wilburine, but this interview pissed me off. They asked 2x’s about concessions to China- same answer twice from Wilburine. Then they say we are taking a back seat with HK?!! Of course we are staying out of it!!!![we are a racist and bigoted country, haven’t you heard by now? We don’t care about anyone but ourselves] /s.

    Liked by 1 person

    • wilski says:

      Ross’s best retort to the badgering questions about US supporting HK from these CNBC pro-Chi-Comm dunderheads was …” ..what do you want us to do, invade HK?”
      CNBC setting for interview needs a Chi-Comm flag as background.
      Pro-Mao, anti USA !!! That is CNBC.

      Liked by 2 people

  17. wendy forward says:

    I beyond love WILBURINE but must confess I can’t deal with the shrill moron “interviewers”. So I mute them and get pretty much all of Wilburine.

    Like

  18. ilcon says:

    BUT BUT BUT BUT BUT

    Like

  19. Tom22ndState says:

    Mr. Ross doesn’t suffer fools lightly. The youngster and the lady just kept yapping at him. Wiberine has no Fs to give. I love our Commerce Secretary.

    Liked by 3 people

  20. Wilburine’s most brilliant point, in its fundamental insight and elegant simplification, was and will be completely overlooked.

    Summary recap:
    Our ability to SUSTAINABLY GROW GDP is captured in

    • SIZE of AVAILABLE LABOR FORCE [pretty-well established … hint-hint]
    [multiplied by]
    • LABOR-FORCE PARTICIPATION GAINS [Sidelined Workers & Part-Timers going Full-Time]
    [multiplied by]
    • PRODUCTIVITY GAINS [Deregulation, Re-engineering, Innovation, AI, Automation, Robotics]

    Liked by 1 person

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