The United States is the largest consumer in the world. As such, countries that live off exports need the U.S. more than the U.S. needs those countries. The customer is king.
The counties with trade surpluses will suffer the most in any trade war. America can be self-sufficient, independent. The U.S. can provide for all of our needs internally, which scares all those globalists who make lots of money by shipping products into our country – and that includes Wal-Mart and China and GE. One by one, Mexico, Canada, Germany, China, will all succumb to one-on-one negotiations that will eventually lead to no tariffs by either party: free trade. According to reports on Fox Business Channel, Germany has already suggested that it would drop all of its tariffs on American products if the United States drops its tariffs on German cars, steel and aluminum. Isn't that what Trump proposed to all the countries in the G7? The customer is king.
With all the talk about trade wars, which stocks are taking a hit and which ones are not? The Dow (huge globalist industrial companies) is down while the Russell 2000 (small companies) and the Nasdaq (high tech) are setting records. Why? Because globalists invested in cheap foreign labor and forgot that the customer is king.
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It is a shock that those globalists actually do business in Iran and expect the U.S. not to do anything about it. What did they expect from a president who puts the interests of America first? The customer is king.
Obamacare is dead. Yes, there will be an Obamacare offering. But it will have to compete against new offerings from insurance companies that cost much less than what the Obamacare law requires. Without the mandate, insurance companies will offer plans to attract new customers that are not as expensive as Obamacare. They will have lower insurance premiums and less coverage than what Obamacare prescribes. And now that HHS under Trump is implementing rules that allow insurance companies to compete across state lines, health insurance is about to change because of competition – not because of legislation. That is capitalism. That is freedom. The customer is king.
Obviously, part of America's independence is energy independence. And the U.S. is oil/energy independent now for the first time since Eisenhower by pumping more than 10 million barrels a day for the first time in 47 years. Trump did what all the other presidents since Eisenhower promised. Energy independence. With Trump, energy companies can count on not being legislated out of business by environmentalists and the Paris Accord. They can respond to customer demand. So they are now investing for the future and figuring out what the customer wants – because the customer is king.
According to Bloomberg Business Week for June 18, 2018: "The strategy of Exxon (is to) double down on oil... Exxon plans to boost expenditures every year from now until 2025... more than $200 billion (investment) almost all on traditional oil and gas megaprojects... no plans (for) wind, solar, or battery storage…" Other energy companies in coal, oil, and nuclear are paying attention. They are all figuring out what the customer wants. Low cost solutions will win. The customer is king.
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Watch those 26 Democratic senators who are running for re-election. Listen to them as they break from the Democrat mantra – environment, Obamacare, taxes, trade agreements vs America first – as they break from Nancy Pelosi and Chuck Schumer. They understand that their customer is the voter and that the customer is king.
Capitalism is helping make America great again. Trump is making capitalism cool again. He is using the market size of the United States to win in trade negotiations. The customer is king, again.