Trump's Trade Follicy

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Chilidog
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Re: Trump's Trade Follicy

#2201

Post by Chilidog » Tue Aug 20, 2019 1:11 pm

PaulG wrote:
Tue Aug 20, 2019 12:56 pm
And Trump has all the best pigs, too.
That's not a nice thing to say about his wives

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ZekeB
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Re: Trump's Trade Follicy

#2202

Post by ZekeB » Tue Aug 20, 2019 1:52 pm

Chilidog wrote:
Tue Aug 20, 2019 1:11 pm
PaulG wrote:
Tue Aug 20, 2019 12:56 pm
And Trump has all the best pigs, too.
That's not a nice thing to say about his wives
In all honesty his wives weren't unattractive. OTOH they say that a pig is very smart. I wonder if his wives could measure up.
Trump: Er hat eine größere Ente als ich.

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Sam the Centipede
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Re: Trump's Trade Follicy

#2203

Post by Sam the Centipede » Tue Aug 20, 2019 9:26 pm

PaulG wrote:
Tue Aug 20, 2019 12:56 pm
And Trump has all the best pigs, too.
Well, he tells the biggest porkies.
► Show Spoiler

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Slim Cognito
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Re: Trump's Trade Follicy

#2204

Post by Slim Cognito » Wed Aug 21, 2019 2:21 pm

I don't know if I should post this here or the dementia thread, but here's video of trump looking up at the sky as he says "I am the chosen one" in regards to his trade war with China.

ImageImageImage x4

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Volkonski
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Re: Trump's Trade Follicy

#2205

Post by Volkonski » Wed Aug 21, 2019 6:43 pm

Image“If everyone fought for their own convictions there would be no war.”
― Leo Tolstoy, War and Peace

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Slim Cognito
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Re: Trump's Trade Follicy

#2206

Post by Slim Cognito » Fri Aug 23, 2019 11:30 am

This could also go in the tweet thread, or the dementia thread, or the....

https://www.marketwatch.com/story/dow-s ... latestnews

Dow skids more than 300 points lower as Trump appears to mandate that U.S. companies make products domestically

By Mark DeCambre
Published: Aug 23, 2019 11:19 a.m. ET


U.S. stocks hit session lows on Friday as President Donald Trump appeared to mandate in a tweet that U.S. companies make their products at home and said he would hold a conference in the afternoon to discuss the matter. The Dow Jones Industrial Average DJIA, -1.37% fell 316 points, or 1.3% at 25,914, the S&P 500 index SPX, -1.46% fell 1,4% at 2,881, while the Nasdaq Composite Index COMP, -1.59% declined 1.6% lower at 7,861. Trump ordered "our great American companies" to "immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA."
Now we wait for someone to ask him if he plans to bring his own Chinese-made, trump-branded crap back to the USA.

Edited to add a screenshot of the two of the tweets. Can't wait for the next one (read bottom-up).
ECqdNqfWwAA3A9f.jpg
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ImageImageImage x4

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Addie
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Re: Trump's Trade Follicy

#2207

Post by Addie » Fri Aug 23, 2019 1:39 pm

Reuters
China strikes back at U.S. with new tariffs on $75 billion in goods

BEIJING (Reuters) - China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates in the dispute between the world’s top two economies.

The latest salvo from China comes after the United States unveiled tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, scheduled to go into effect in two stages on Sept. 1 and Dec. 15.

China will impose additional tariffs of 5% or 10% on a total of 5,078 products originating from the United States including agricultural products such as soybeans, crude oil and small aircraft. China is also reinstituting tariffs on cars and auto parts originating from the United States.

“China’s decision to implement additional tariffs was forced by the U.S.’s unilateralism and protectionism,” China’s Commerce Ministry said in a statement, adding that its retaliatory tariffs would also take effect in two stages on Sept. 1 and Dec. 15.
Adding:
HuffPo: Market Tumbles After Donald Trump Calls Fed Chair 'Enemy,' Compares Him To Chinese Leader

The Dow Jones fell more than 500 points after the president attacked Jerome Powell and "ordered" U.S. companies to cease relations with China.

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Slim Cognito
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Re: Trump's Trade Follicy

#2208

Post by Slim Cognito » Fri Aug 23, 2019 2:08 pm


Eamon Javers
@EamonJavers
White House aides right now offering no explanation for why President Trump believes he can “hereby order” American companies to do anything. Also, officials have no information about what the president may or may not be announcing this afternoon, per his Tweet.
Quote Tweet

Eamon Javers
@EamonJavers
· 3h
I spotted Peter Navarro and Robert Lighthizer just outside the Oval Office moments before the president tweeted this. It’s entirely possible he’s tweeting now with their input as he goes along.
11:30 AM · Aug 23, 2019·Twitter for iPhone
ImageImageImage x4

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neonzx
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Re: Trump's Trade Follicy

#2209

Post by neonzx » Fri Aug 23, 2019 3:19 pm

:rotflmao:
To which Trump replied, Fuck the law. I don't give a fuck about the law. I want my fucking money.

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Jim
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Re: Trump's Trade Follicy

#2210

Post by Jim » Fri Aug 23, 2019 3:32 pm

Is China's debt that bad?

China's enormous debt 'no longer can be ignored,' analyst says
The world's second biggest economy, which is slowing, is past a point where it cannot ignore its enormous debt anymore, according to an analyst.

Fraser Howie, an independent analyst, told CNBC Tuesday that there's a "whole host of hidden debt" in China, which had kick started stimulus this year as its economy slowed.

"China is very much past the tipping point where the debt simply no longer can be ignored. The cost of servicing the debt ... simply distracts from almost everything else," said Howie.

China's total debt — corporate, household and government — rose to over 300% of its GDP in the first quarter of 2019, slightly up from the same period a year earlier, according to a report by the Institute of International Finance.

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neonzx
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Re: Trump's Trade Follicy

#2211

Post by neonzx » Fri Aug 23, 2019 3:46 pm

Jim wrote:
Fri Aug 23, 2019 3:32 pm
Is China's debt that bad?

China's enormous debt 'no longer can be ignored,' analyst says
The world's second biggest economy, which is slowing, is past a point where it cannot ignore its enormous debt anymore, according to an analyst.

Fraser Howie, an independent analyst, told CNBC Tuesday that there's a "whole host of hidden debt" in China, which had kick started stimulus this year as its economy slowed.

"China is very much past the tipping point where the debt simply no longer can be ignored. The cost of servicing the debt ... simply distracts from almost everything else," said Howie.

China's total debt — corporate, household and government — rose to over 300% of its GDP in the first quarter of 2019, slightly up from the same period a year earlier, according to a report by the Institute of International Finance.
But what about us?

https://thesoundingline.com/total-us-de ... n-in-2008/
Based on the latest data from Q3 2018, total private and public US debt has hit an astronomical record-high of $75.3 trillion, or a staggering 365% of GDP.

The total debt figure is based on the Fed’s Financial Account of the US and includes:

Open market paper
Treasury securities
Agency and GSE-backed securities
Municipal securities
Corporate and foreign bonds held in the US
Depository institution loans
Other loans and advances
Mortgages
Consumer credit including: student debt, revolving credit, credit card debt, auto debt, and anything else categorized as consumer credit
Image
To which Trump replied, Fuck the law. I don't give a fuck about the law. I want my fucking money.

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Re: Trump's Trade Follicy

#2212

Post by RTH10260 » Fri Aug 23, 2019 4:41 pm

neonzx wrote:
Fri Aug 23, 2019 3:19 pm
:rotflmao:
Can they see Russia from where they stand? :rotflmao:

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Sterngard Friegen
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Re: Trump's Trade Follicy

#2213

Post by Sterngard Friegen » Fri Aug 23, 2019 7:10 pm

RTH10260 wrote:
Fri Aug 23, 2019 4:41 pm
neonzx wrote:
Fri Aug 23, 2019 3:19 pm
:rotflmao:
Can they see Russia from where they stand? :rotflmao:
Yeah, they're in Moscow. Jared needs to borrow some more money.

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Re: Trump's Trade Follicy

#2214

Post by Addie » Fri Aug 23, 2019 11:28 pm

HuffPo: National Farmers Union Says Trump Is ‘Burning Bridges’ With His Trade Wars

“President Trump is making things worse, not better” by continuing to escalate tariffs on China, the organization says.

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Notorial Dissent
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Re: Trump's Trade Follicy

#2215

Post by Notorial Dissent » Sat Aug 24, 2019 12:53 am

Addie wrote:
Fri Aug 23, 2019 11:28 pm
HuffPo: National Farmers Union Says Trump Is ‘Burning Bridges’ With His Trade Wars

“President Trump is making things worse, not better” by continuing to escalate tariffs on China, the organization says.
Too little too late comes to mind, particularly when their house has already burned down around their ears.
The fact that you sincerely and wholeheartedly believe that the “Law of Gravity” is unconstitutional and a violation of your sovereign rights, does not absolve you of adherence to it.

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Re: Trump's Trade Follicy

#2216

Post by RTH10260 » Sat Aug 24, 2019 5:35 am

While commerce can change rapidly imho much of the Chinese market is lost for the US for up to a decade to come. Recovery will be slow, new supply channels have been established and will not be dropped just cause the US becomes a potential supplier once again (in the future). There will be a distrust that any administration will disrupt trade again.

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Re: Trump's Trade Follicy

#2217

Post by ZekeB » Sat Aug 24, 2019 6:50 am

But farmers know they'll be far better off after a new agreement is reached. Just ask Trump. China may be communist, but the free market still drives international trade. Trump: So highly educated, yet so clueless. Farmers: Perhaps not as highly educated, but also clueless. Give them an (R) and they'll vote for him every time.
Trump: Er hat eine größere Ente als ich.

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Re: Trump's Trade Follicy

#2218

Post by Volkonski » Sat Aug 24, 2019 12:56 pm

JSW Steel halts Baytown project because of tariffs

http://baytownsun.com/news/article_2454 ... dd666.html
JSW Steel USA has put on hold its plans to construct a new electric arc furnace at its plate mill in Baytown, the company’s US CEO said.

“While JSW USA is fully underway in modernizing the plate mill at Baytown, Texas, given the current market conditions and the prevailing policy environment, the company has for now decided to put on hold the backward integration project of installing an electric arc furnace and slab caster at Baytown,” JSW USA CEO John Hritz said. “JSW USA, however, remains committed to being a fully melt and manufactured enterprise in the US.”
Image“If everyone fought for their own convictions there would be no war.”
― Leo Tolstoy, War and Peace

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Re: Trump's Trade Follicy

#2219

Post by Dr. Kenneth Noisewater » Sat Aug 24, 2019 1:47 pm

What's going to happen when Trump takes this too far and China starts calling in our debt that they own?

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Re: Trump's Trade Follicy

#2220

Post by Gregg » Sat Aug 24, 2019 3:38 pm

They can't ''call in the debt'' they hold, but they can dump it on the market which would be very, very, no seriously very bad.
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Re: Trump's Trade Follicy

#2221

Post by ZekeB » Sat Aug 24, 2019 5:05 pm

Gregg wrote:
Sat Aug 24, 2019 3:38 pm
They can't ''call in the debt'' they hold, but they can dump it on the market which would be very, very, no seriously very bad.
It might be worth ten cents on the dollar to Putin. Goodwill and all, you know.
Trump: Er hat eine größere Ente als ich.

Putin: Du bist kleiner als ich.

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Re: Trump's Trade Follicy

#2222

Post by Somerset » Sat Aug 24, 2019 6:44 pm

Gregg wrote:
Sat Aug 24, 2019 3:38 pm
They can't ''call in the debt'' they hold, but they can dump it on the market which would be very, very, no seriously very bad.
Are you saying it's a bad thing for the USA to have the same creditworthiness as the Trump Organization?

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Re: Trump's Trade Follicy

#2223

Post by Addie » Sat Aug 24, 2019 8:31 pm

Associated Press
Powerful, obscure law is basis for Trump ‘order’ on trade ...

Even without the emergency threat, Trump’s retaliatory action Friday — further raising tariffs on Chinese exports to the U.S. — had already sparked widespread outrage from the business community.

“It’s impossible for businesses to plan for the future in this type of environment,” David French, senior vice president for government relations at the National Retail Federation, said in a statement.

The Consumer Technology Association called the escalating tariffs “the worst economic mistake since the Smoot-Hawley Tariff Act of 1930 — a decision that catapulted our country into the Great Depression.”

And trade association CompTIA stressed the logistical strain that would follow if companies were forced to shift operations out of China, saying it would take months for most companies.

“Any forced immediate action would result in chaos,” CEO Todd Thibodeaux said in emailed comments.

The frequent tariff fluctuations are making it hard to plan and are casting uncertainty on some investments, said Peter Bragdon, executive vice president and chief administration officer of Columbia Sportswear.

“There’s no way for anyone to plan around chaos and incoherence,” he said.

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Re: Trump's Trade Follicy

#2224

Post by Joey » Sat Aug 24, 2019 11:59 pm

But, just like farmers, we will still vote for him 'cuz he says he supports us.

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Re: Trump's Trade Follicy

#2225

Post by ArthurWankspittle » Sun Aug 25, 2019 4:58 am

The latest salvo from China comes after the United States unveiled tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, scheduled to go into effect in two stages on Sept. 1 and Dec. 15.
Someone pointed out that the stuff which will incur extra tariffs from 15 Dec is the kind of stuff Americans will want to buy for Christmas.
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