Trump's Trade Follicy

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pipistrelle
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Re: Trump's Trade Follicy

#1801

Post by pipistrelle » Mon Apr 29, 2019 10:55 pm

jemcanada wrote:
Mon Apr 29, 2019 3:28 pm
Gregg wrote:
Sat Apr 27, 2019 12:10 pm
Well, that settles it, we're invading Canada next week.

Mexico, of course, is already invading us.
Stop by for coffee or a drink on the way through. :-D :bar:
I think we'll declare war on Mexico, then Canada (because Trudeau is young, smart, fit, good looking, and makes Melanie all melty), then they'll declare themselves allies and squeeze us on both sides.

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Re: Trump's Trade Follicy

#1802

Post by Sam the Centipede » Tue Apr 30, 2019 3:53 am

So after thr allies' victory* and the dissolution of the union, which states will become Mexico del Norte and which Canada du Sud?

* Their victory after a long war of attrition due to easy access to steel, aluminum and other materials while inferior US weapons are made from soybean products and other unexportable materials and US soldiers suffer various diseases caused by dirty uniforms as washing machines are too expensive, exacerbated by a measles epidemic.

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Re: Trump's Trade Follicy

#1803

Post by Gregg » Tue Apr 30, 2019 4:27 am

Mexico is declaring victory after ''taking back' their signature" on the Treaty of Hildago. This also means Texas, California and parts of Arizona and New Mexico are now part of Mexico, and they thus have the largest Army and Navy in North America now, with the addition of the units stationed in Texas and the Naval Base at San Diego and San Francisco...
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Re: Trump's Trade Follicy

#1804

Post by RTH10260 » Tue Apr 30, 2019 9:00 am

:rotflmao:

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Re: Trump's Trade Follicy

#1805

Post by Gregg » Tue Apr 30, 2019 2:10 pm

They've re-named the USS Nimitz and the USS Enterprise "The Cheech and Chong"
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Re: Trump's Trade Follicy

#1806

Post by Addie » Sun May 05, 2019 8:42 pm

CNBC
Dow futures drop more than 450 points as China considers cancelling trade talks due to Trump threats

A sharp sell-off will start the week on Wall Street after President Donald Trump said on Sunday that the U.S. will hike tariffs on goods imported from China, casting doubt on recent optimism that the world’s two largest economies were close to a resolution to their trade battle.

Dow Jones Industrial Average futures implied an opening decline of more than 450 points Sunday evening stateside. S&P 500 and Nasdaq-100 Index futures also pointed to declines for the two indexes at Monday’s open.

Oil prices also saw sharp declines in the morning of Asian trading hours, with U.S. crude futures dropping 2.20% to $60.58 per barrel. For their part, international benchmark Brent crude futures also declined 1.81% to $69.57 per barrel.

Trump said in a tweet Sunday afternoon that the current 10% levies on $200 billion worth of Chinese goods will rise to 25% on Friday. He also threatened to impose 25% tariffs on an additional $325 billion of Chinese goods “shortly.”

Though trade negotiations between Washington and Beijing officials are set to resume on Wednesday, the president lamented that the progress is moving “too slowly” as China tries to re-negotiate terms of the deal.

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HST's Ghost
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Re: Trump's Trade Follicy

#1807

Post by HST's Ghost » Sun May 05, 2019 10:43 pm

So after a chat with Vlad, he declares the US will do more business with Russia and now dropping tariff turds on China...All makes sense really. :bored:
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Re: Trump's Trade Follicy

#1808

Post by Lani » Sun May 05, 2019 11:17 pm

I need a better laptop. Guess I better buy one fast before I'm paying for the tariff.
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Re: Trump's Trade Follicy

#1809

Post by tek » Mon May 06, 2019 6:55 am

Lani wrote:
Sun May 05, 2019 11:17 pm
I need a better laptop. Guess I better buy one fast before I'm paying for the tariff.
Butbutbut the orange genius says those tariffs don't cost US anything!
For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results.
But I'm strong, strong enough to carry him
He ain't heavy, he's my brother.

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Re: Trump's Trade Follicy

#1810

Post by fierceredpanda » Mon May 06, 2019 8:08 am

Meanwhile, Dow Futures are getting crushed this morning on news of Trump rattling the tariff saber again.
"There's no play here. There's no angle. There's no champagne room. I'm not a miracle worker, I'm a janitor. The math on this is simple; the smaller the mess, the easier it is for me to clean up." -Michael Clayton

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Re: Trump's Trade Follicy

#1811

Post by Addie » Mon May 06, 2019 1:13 pm

Bloomberg
With Two Tweets, Trump Shatters Historic Calm in Global Markets

In the end, all it took was two tweets from Donald Trump.

After weeks of warnings from many on Wall Street that price swings across global markets were too subdued, the U.S. president’s threat to boost tariffs on China sent volatility soaring Monday. U.S. stock-index futures slid more than 2 percent, and the Shanghai Composite Index fell as much as 4.1 percent. May futures on the Cboe Volatility Index jumped 15 percent.

Whether they were a negotiating tactic or a sign of something more ominous, Trump’s tweets jolted markets that had been lulled in recent weeks by signs of progress in trade talks, a dovish turn by the Federal Reserve and better-than-expected corporate earnings. Investors who had grown accustomed to cross-asset volatility at or near historically low levels were once again forced to consider that all might not be smooth sailing.

“Trade had been put to the side by many market participants,” Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs Group Inc., said on Bloomberg Television. “Market pricing assumed there would be some kind of a deal, and no further escalation in tariffs. And meanwhile the growth outlook was actually improving.” Now, “this raises the specter of a significant hit to growth should these tariffs escalate and should the uncertainty associated with that weigh on investment going forward,” he said.

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Re: Trump's Trade Follicy

#1812

Post by Sugar Magnolia » Thu May 09, 2019 4:41 pm

Boy, I really put the hurt on the Chinese today after those tariffs got raised. Over $1000 for a new fridge that was about $700 a year ago. Stripped down (which is what we prefer) and the second cheapest full-size model in the store, which has the cheapest appliances in town.

Just out of curiosity, I looked at the same model of high-end fridges we put in the lofts 2 years ago and those have gone up over $700.

Fuck these people who don't understand finances, both global and personal.

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Re: Trump's Trade Follicy

#1813

Post by RTH10260 » Thu May 09, 2019 4:45 pm

Trump says deal with China is still possible, but tariffs are an 'excellent' alternative
  • President Trump says tariffs are an "excellent" alternative to a trade deal with China.
  • Trump's remarks came hours before Chinese officials were set to meet U.S. trade negotiators later in Washington.
  • Asked if he would speak with Chinese President Xi Jinping, Trump says, "Well, he just wrote me a beautiful letter, I just received it, and I'll probably speak to him by phone."


Kevin Breuninger
Published 4 Hours Ago Updated 2 Hours Ago

President Donald Trump said Thursday that tariffs are an "excellent" alternative to a trade deal with China, hours before Chinese officials were set to meet U.S. trade negotiators later in Washington.

Negotiators for the U.S. and China will meet at 5 p.m. ET, Trump said. He had set a midnight deadline to slap additional tariffs on China, though he has suggested that his administration might reverse its decision depending on progress in the negotiations.

"They'll see what they can do," Trump said at a White House event Thursday afternoon. "But our alternative is an excellent one."


https://www.cnbc.com/2019/05/09/trump-s ... -deal.html

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Re: Trump's Trade Follicy

#1814

Post by RTH10260 » Thu May 09, 2019 4:47 pm

Trump's Base In Panic Over 25% Tariffs On China Goods

Kenneth Rapoza Senior Contributor

The only way tariffs do not go up is if Liu He, China's chief trade negotiator, delivers a deal Trump cannot refuse.
The Trade Partnership forecasts 29,000 job losses in Ohio and 32,000 in Pennsylvania.


Tonight's the night. And in Trump's baseland -- the farm belt and the small to mid-sized business owner -- everything is not all right.

Suffice it to say, they are in panic mode. Tariffs of 10% on some $200 billion worth of Made in China goods will go to 25% at midnight tonight. The only way tariffs do not go up is if Liu He, China's chief trade negotiator, delivers a deal Trump cannot refuse.

Clearly, no one is betting on it. The Dow is down nearly 400 points and China's A-shares, as represented by the CSI-300 Index, is down over 3%.

"I don't think people really understand what is at stake," says Alex Camera, CEO of Audio Control, a privately held, small business manufacturing audio sound equipment near Seattle, Washington. He imports electronic components from China and makes things like power amplifiers for cars. They design it and put it together in Washington. "Trump says China is paying these tariffs, but they are not. I am. U.S. companies are paying it at the port."


https://www.forbes.com/sites/kenrapoza/ ... ina-goods/

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Re: Trump's Trade Follicy

#1815

Post by RTH10260 » Thu May 09, 2019 4:50 pm

Trump Says China Tariffs Will Increase as Trade Deal Hangs in the Balance

President Trump praised the effects of tariffs, on the same day United States and Chinese officials were scheduled to meet to negotiate a trade deal.
By Alan Rappeport and Ana Swanson
May 9, 2019

WASHINGTON — President Trump said on Thursday that the United States would raise tariffs on $200 billion of worth of Chinese goods on Friday morning and begin the process to tax nearly all of China’s imports as he accused Beijing of trying to “renegotiate” a trade deal.

But Mr. Trump, who made his comments ahead of a pivotal meeting between United States and Chinese officials on Thursday afternoon, suggested an agreement could still be within reach, saying he had received a “beautiful letter” from Chinese President Xi Jinping and would probably speak to him by phone.


https://www.nytimes.com/2019/05/09/us/p ... riffs.html

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Re: Trump's Trade Follicy

#1816

Post by Orlylicious » Thu May 09, 2019 9:53 pm

This, North Korea and Iran. :cantlook:
First day of U.S.-China trade talks end; Trump's tariff hike set to take effect
Jeff Mason, David Lawder

WASHINGTON (Reuters) - Top U.S. and Chinese trade negotiators concluded the first of two days of talks on Thursday to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs on hundreds of billions of dollars of goods imported from China.

Tension between Washington and Beijing has risen after a major setback in negotiations last week when China revised a draft deal and weakened commitments to meet U.S. demands for trade reform. President Donald Trump responded by ordering a tariff hike, and China has said it would retaliate. The 10-month-old trade war has already cost companies in both countries billions of dollars.

Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin talked for 90 minutes on Thursday and were expected to resume talks on Friday. Officials did not speak to reporters as they left the talks.

In comments to Chinese state media upon arriving in Washington, Liu said that hiking tariffs “is very disadvantageous to both parties”.

“We come here this time, under pressure, which shows China’s greatest sincerity, and want to sincerely, confidently, and rationally resolve certain disagreements or differences facing China and the United States. I think there is hope,” he said.

Before they get back around the table on Friday, the United States will have increased duties on $200 billion of Chinese goods, to 25 percent from 10 percent. The duties apply to cargoes leaving China after 12:01 a.m. EDT (0401 GMT) Friday.
https://www.reuters.com/article/us-usa- ... SF2BF?il=0
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Re: Trump's Trade Follicy

#1817

Post by Orlylicious » Thu May 09, 2019 11:55 pm

Here we go. Fox News Flash:
US to slap tariffs on $325B in Chinese goods, WH says, but trade talks to resume Friday
By Louis Casiano | Fox News

The Trump administration will move ahead with tariffs on $325 billion worth of Chinese goods Friday after a round of trade talks between the United States and China on Thursday failed to produce an agreement, Fox News has learned.

“This evening, Ambassador Lightizer and Secretary Mnuchin met with President Trump to discuss the ongoing trade negotiations with China," White House Deputy Press Secretary Judd Deere said in a statement. “The Ambassador and Secretary then had a working dinner with Vice Premier Liu He, and agreed to continue discussions tomorrow morning at USTR.”

The new tariffs would be in addition to the $200 billion in imports, which are scheduled to rise from 10 percent to 25 percent at 12;01 a.m. Friday. The White House said talks would continue Friday.
https://www.foxnews.com/politics/china- ... lks-resume

11:53pm EDT Futures (had been positive, just turning)

1153pm Futures.JPG

I do not like Donald gambling with the US economy, he's the biggest loser and lost money running a frigging casino!

Even worse is if they've made a deal and Donald is making it a TV reality show cliffhanger to announce a deal tomorrow and look like a hero. Good to make a deal, bad to play it like a game show. I truly hope I'm too cynical about this.
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Re: Trump's Trade Follicy

#1818

Post by Orlylicious » Fri May 10, 2019 1:18 am

CNBC:
Still, the engagement between Washington and Beijing this week did not prevent Trump from following through on his threat. Ahead of the tariff increase, the president called duties an "excellent" alternative to a trade deal, saying they brought in "billions" for the U.S. government. U.S. consumers bear the brunt of the tariff costs, not China, as Trump has argued.

Industries and businesses affected by the tariff hike will not feel the effect right away: it will apply to goods exported after May 10, according to the Office of the U.S. Trade Representative. It will not affect products already in transit to the United States.

Trump has prepared to put even more pressure on China as he pushes for an agreement. The president has threatened to slap 25% tariffs on $325 billion in Chinese goods that remain untaxed.
https://www.cnbc.com/2019/05/10/china-t ... tinue.html

Um, hope you shipped your international packages yesterday. Way to go on the notice, Donald.
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Re: Trump's Trade Follicy

#1819

Post by Volkonski » Fri May 10, 2019 8:08 am

Aaron Rupar

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@atrupar
13m13 minutes ago
More
President Mush Brains is moving us toward a planned economy, like North Korea has. Congrats everyone.
Image

Trump proposing a massive increase in foreign aid? ;)
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

#1820

Post by Hurtzi » Fri May 10, 2019 8:28 am

Sugar Magnolia wrote:
Thu May 09, 2019 4:41 pm
Boy, I really put the hurt on the Chinese today after those tariffs got raised. Over $1000 for a new fridge that was about $700 a year ago. Stripped down (which is what we prefer) and the second cheapest full-size model in the store, which has the cheapest appliances in town.

Just out of curiosity, I looked at the same model of high-end fridges we put in the lofts 2 years ago and those have gone up over $700.

Fuck these people who don't understand finances, both global and personal.
Be happy. You just supported starving American farmers and other starving people around the globe.

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Re: Trump's Trade Follicy

#1821

Post by RTH10260 » Fri May 10, 2019 8:37 am

Hurtzi wrote:
Fri May 10, 2019 8:28 am
► Show Spoiler
Be happy. You just supported starving American farmers and other starving people around the globe.

IFF Kim will accept the offer when relations just went down the drain
Trump backs aid for starving North Koreans
May 8 2019, 12:01am, The Times

REINHARD KRAUSE/REUTERS

Washington South Korea says that President Trump supports its plan to send aid to North Korea after the country’s worst harvest in decades. The United Nations said last week that four in ten North Koreans were chronically short of food and that the poor harvest was expected to prompt further cuts to their already meagre rations. President Moon spoke to Mr Trump for 35 minutes via phone to discuss how to maintain dialogue with Pyongyang despite missile tests by the regime last week. The leaders also discussed a visit by Mr Trump to South Korea “in the near future”, a spokesman for Mr Moon said. (Reuters)


https://www.thetimes.co.uk/article/trum ... -0ztxkcklt

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Re: Trump's Trade Follicy

#1822

Post by Volkonski » Fri May 10, 2019 8:53 am

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

#1823

Post by Notorial Dissent » Fri May 10, 2019 9:58 am

If Lindell is really lucky, and I doubt he will be any more than a number of other American businesses, that boom won't be for the smoking hole of his business.
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Re: Trump's Trade Follicy

#1824

Post by Gregg » Fri May 10, 2019 3:42 pm

Volkonski wrote:
Fri May 10, 2019 8:08 am
Aaron Rupar

Verified account

@atrupar
13m13 minutes ago
More
President Mush Brains is moving us toward a planned economy, like North Korea has. Congrats everyone.
Image

Trump proposing a massive increase in foreign aid? ;)
No, but all the farmers will read that and think the government is going to buy all those rotting soybeans they can't sell.
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Re: Trump's Trade Follicy

#1825

Post by RTH10260 » Sun May 12, 2019 9:04 am

I employ hundreds of American workers. I’d hire more if not for Trump’s tariffs.

By Arnold Kamler
Arnold Kamler is the chairman and CEO of Kent International, Inc., based in Parsippany, New Jersey.

May 8

My family has been in the bicycle business since 1907, when my grandfather opened a bicycle-repair shop on New York’s Lower East Side. Eventually, in the 1950s, my father started a bicycle and bike accessories wholesaler, and today Kent International, Inc. is one of the largest suppliers of imported and American-made bicycles in the country. Over the generations, we’ve weathered all kinds of turns in the industry. But we’ve never dealt with anything like this: heavy tariffs on key commodities, announced with barely any notice.

Though the bulk of my business comes from imported bikes, I also own and operate a factory in Manning, S.C., which produces one of our lines, BCA Bikes. When we opened our doors in 2014, initially hiring 47 employees, we were bucking a trend: More than 95 percent of all bicycles sold in the United States are manufactured in China. But with high employee turnover and labor costs there rising, we decided to make an investment in our long-term growth. Today, our factory is responsible for more than half of the roughly 500,000 bicycles produced in the United States each year. Before President Trump’s trade war, we had plans to grow even further.



https://www.washingtonpost.com/outlook/ ... s-tariffs/

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