Monday, September 23, 2019

Sheldon Adelson Has Warned Trump About U.S.-China Trade War

Sheldon Adelson
Well, the billionaire casino magnate Sheldon Adelson has actually done something valuable, for a change, with his strong influence over President Trump.

Trump’s sudden escalation of the trade war with China last month triggered a telephone call from Adelson, who warned the president about the conflict’s impact on the U.S. economy and Trump’s re-election prospects, according to people familiar with the call, reports The Wall Street Journal.


“Sheldon Adelson and President Trump have met and spoken about the broad concerns the business community has with the escalation of trade tensions between the two nations,” said Myron Brilliant, head of international affairs at the Chamber of Commerce, who has known Adelson for years.

Notes WSJ, it couldn’t be determined whether Adelson’s call had any influence on Trump’s decision to postpone an October 1 tariff increase.

-RW

2 comments:

  1. Let's hope Trump tells him to screw off and take his opinions elsewhere. The reality is that China is a Communist state that needs to parasite off of others with technology theft and economic warfare to exist. But libertardians would rather see hordes of Americans in poverty as opposed to prosperous. We've received no benefit from China and China would not have risen as much without the gift of traitors in the West.

    https://www.cnbc.com/2019/09/23/chinese-theft-of-trade-secrets-is-on-the-rise-us-doj-warns.html

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    1. That may very well be Lab but where is the hammer that should fall on the US companies that look the other way when it comes to IP theft in order to enjoy the profit margins Chinese subsidized slave labor offer?

      Nowhere to be found!

      Monopolies own this issue and they wont mind the inconvenience as they diversify to elsewhere on the pacific rim and regroup. Wonder what the fall out is on the next go round.

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