Trump's Trade Follicy

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Whatever4
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Re: Trump's Trade Follicy

#2076

Post by Whatever4 » Fri Aug 02, 2019 6:41 am

ZekeB wrote:
Thu Aug 01, 2019 9:13 pm
Idaho too, also.
And 16 other states. Them Russkies are everywhere!
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RTH10260
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Re: Trump's Trade Follicy

#2077

Post by RTH10260 » Fri Aug 02, 2019 9:40 am

Slim Cognito wrote:
Thu Aug 01, 2019 7:31 pm
https://mobile.reuters.com/article/amp/ ... ssion=true

China announces they're going to buy (more) soybeans and wheat from Russia..
When dotus asked Xi Jinping for some farm produce trade to restart he involuntarily let Xi know how weak the US position was, and how much he needed some small victory to blast about at home. Then Xi seems to have agreed. But dotus must have swept over the conditional part of the diplomatic reply. Perhaps like more progress in the trade talks needed. I bet the condition was a finalization of the trade talks, but not waiting for ratification.

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Re: Trump's Trade Follicy

#2078

Post by ZekeB » Fri Aug 02, 2019 10:42 am

I heard Trump stating that "the Chinese may hold off negotiating until another administration takes over." Well, duh! How observant, Mister President.
Trump: Er hat eine größere Ente als ich.

Putin: Du bist kleiner als ich.

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Re: Trump's Trade Follicy

#2079

Post by AndyinPA » Fri Aug 02, 2019 11:08 am

ZekeB wrote:
Fri Aug 02, 2019 10:42 am
I heard Trump stating that "the Chinese may hold off negotiating until another administration takes over." Well, duh! How observant, Mister President.
Well, it's comforting to hear him say there will ever be another administration. :daydream:

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Re: Trump's Trade Follicy

#2080

Post by ZekeB » Fri Aug 02, 2019 11:11 am

AndyinPA wrote:
Fri Aug 02, 2019 11:08 am
ZekeB wrote:
Fri Aug 02, 2019 10:42 am
I heard Trump stating that "the Chinese may hold off negotiating until another administration takes over." Well, duh! How observant, Mister President.
Well, it's comforting to hear him say there will ever be another administration. :daydream:
Deep down in, even the narcissist in him knows. His day are numbered. His only hope is for a war or for something catastrophic to happen in our country. That's what scares me.
Trump: Er hat eine größere Ente als ich.

Putin: Du bist kleiner als ich.

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Re: Trump's Trade Follicy

#2081

Post by RoadScholar » Fri Aug 02, 2019 11:30 am

More catastrophic than a Trump presidency? :think:
The bitterest truth is healthier than the sweetest lie.
X3

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Re: Trump's Trade Follicy

#2082

Post by ZekeB » Fri Aug 02, 2019 1:19 pm

RoadScholar wrote:
Fri Aug 02, 2019 11:30 am
More catastrophic than a Trump presidency? :think:
Only because of a trump presidency.
Trump: Er hat eine größere Ente als ich.

Putin: Du bist kleiner als ich.

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Kendra
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Re: Trump's Trade Follicy

#2083

Post by Kendra » Fri Aug 02, 2019 7:38 pm

Ugh. Peter Navarro is trying to mansplain tariff policy with CNN's Erin Burnett. :brickwallsmall:

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Re: Trump's Trade Follicy

#2084

Post by RTH10260 » Fri Aug 02, 2019 7:57 pm

Trump's latest China tariffs: What we know so far
Nathan Bomey and Paul Davidson, USA TODAY Published 12:03 p.m. ET Aug. 2, 2019 | Updated 1:27 p.m. ET Aug. 2, 2019

President Donald Trump signaled Thursday that he would hike tariffs on Chinese imports next month after recent talks failed to deliver a trade deal, escalating his trade war with Beijing and taking more direct aim at consumer products.

The move increases the risk of recession next year as well as the chances of another Federal Reserve cut in interest rates in September, economists say.

"It's adding further stress to an already stressed trade environment," says Gregory Daco, chief U.S. economist of Oxford Economics. "It adds up to a very significant slowdown in economic growth."

This latest threat is to introduce a 10% tariff on $300 billion in Chinese imports not covered by earlier tariffs.

An existing 25% tariff on $250 billion in Chinese imports – as well as duties on imported appliances, steel and aluminum – are already set to reduce economic growth by three-tenths of a percentage point next year, Daco says. The proposed tariff on $300 billion in Chinese shipments would shave off another tenth, cutting growth by nearly half a percentage point to 1.7%, he says.

If the trade war escalates beyond that – with the 10% tariff rising to 25% or new tariffs on European auto imports – a recession would be likely next year, Daco says.

The new 10% tariff, if it takes effect, already has led Moody's Analytics chief economist Mark Zandi to raise his recession odds over the next 12 months to 50% from 35%


https://www.usatoday.com/story/money/20 ... 898606001/

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Re: Trump's Trade Follicy

#2085

Post by RTH10260 » Sat Aug 03, 2019 7:05 pm

Trump’s latest tariffs come at the worst possible time for shoppers: the holiday season
Consumers have so far been largely shielded from the impact of President Trump’s growing trade war with China. But that is about to change.

By Abha Bhattarai and
Taylor Telford August 2 at 5:02 PM

The L.O.L. Surprise! House, a three-story doll house with a working elevator and heart-shaped swimming pool, was one of last year’s best-selling holiday toys.

Now it’s one of millions of items caught in the middle of the Trump administration’s growing trade war with China. If President Trump’s newest tariffs take hold, the $199 doll house will cost $250, according to its manufacturer.

“There is no question: We have to raise prices, which means consumers are going to be paying 30 to 40 percent more for toys,” said Isaac Larian, chief executive of MGA Entertainment, which makes popular brands like Bratz, Little Tikes and Poopsie Slime Surprise! “We’re in peak holiday season — the orders are in, factories are manufacturing toys and getting ready to ship them out right when these tariffs are going to hit.”


https://www.washingtonpost.com/business ... ay-season/

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Chilidog
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Re: Trump's Trade Follicy

#2086

Post by Chilidog » Sat Aug 03, 2019 7:11 pm

I'm pretty sure that most of the cheap crap that gets pushed out as "Door Busters" has already been ordered, shipped and delivered.

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Re: Trump's Trade Follicy

#2087

Post by RTH10260 » Sat Aug 03, 2019 7:51 pm

Chilidog wrote:
Sat Aug 03, 2019 7:11 pm
I'm pretty sure that most of the cheap crap that gets pushed out as "Door Busters" has already been ordered, shipped and delivered.
But isn't September the preferred time to announce the new hi-tec and electronic gadgets for the seasons? They will be producing and importing that stuff thruout the shopping spree.

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Re: Trump's Trade Follicy

#2088

Post by TexasFilly » Mon Aug 05, 2019 11:20 am

Dow plunges 600 points after China devalues its currency
By Anneken Tappe, CNN Business
Updated 11:02 AM ET, Mon August 5, 2019

New York (CNN Business)The Dow tumbled more than 600 points and global stocks were in disarray on Monday after China escalated the trade war with the United States.


The Chinese government devalued the yuan to fall below its 7-to-1 ratio with the US dollar for the first time in a decade Monday. A weaker currency could soften the blow the United States has dealt China with its tariffs.

The cheaper yuan ignited fear on Wall Street that the United States would respond with even higher tariffs, prolonging the standoff with China and potentially weakening the global economy. Investors are particularly concerned that the Trump administration could try to devalue the dollar, sparking a currency war that could weaken Americans' purchasing power.
https://www.cnn.com/2019/08/05/investin ... index.html
I love the poorly educated!!!

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Re: Trump's Trade Follicy

#2089

Post by RTH10260 » Mon Aug 05, 2019 12:28 pm

talking points as seen by Forbes
China’s Yuan Falls To Lowest Level In 11 Years Sparking Fears Of Currency War

Isabel Togoh Forbes Staff

Topline: The U.S.-China trade war is heightening after the value of China's yuan fell to an 11-year low of seven to one dollar with Beijing facing accusations that it is weaponizing its currency after President Donald Trump threatened new tariffs last week.

The yuan finished on Monday at 7.0392, its lowest level since 2008.
  • China's central bank, the People's Bank of China, maintains tight control over the value of the yuan, and the currency move comes just days after Trump announced that the U.S. would impose a new 10% tariff of Chinese goods from September 1 if a trade deal could not be agreed.
  • Market forces were to blame for the drop in the value of yuan, according to Governor Yi Gang of the People's Bank of China, who in a blunt statement condemned “unilateralism, trade protectionism measures and expectations of tariffs against China.” Experts have warned that the fall in the value of the yuan, which is also known as the renminbi, could intensify the trade war and spark a currency war, leading to a possible recession across Europe and East Asia. It could also lead to countries with similar industries to drop their currencies in a bid to remain competitive.
  • Julian Evans-Pritchard, senior economist at Capital Economics, said Beijing had been holding back on allowing the yuan to drop, over fears that it would further stoke trade tensions. He told Reuters: “The fact that they have now stopped defending 7.00 against the dollar suggests that they have all but abandoned hopes for a trade deal with the U.S.”
  • Chinese state-owned agricultural business, which are some of the world's biggest purchasers of soybeans and other farms goods, have stopped buying U.S. imports until a trade deal has been struck, according to Bloomberg.
  • On Monday, Trump tweeted that the measure was “currency manipulation” which would weaken China over time. “Are you listening Federal Reserve?” he added.

https://www.forbes.com/sites/isabeltogo ... rency-war/

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Re: Trump's Trade Follicy

#2090

Post by RTH10260 » Mon Aug 05, 2019 12:34 pm

China says US farmers may never regain market share lost in trade war
The country has ‘basically stopped’ importing soybeans from United States, according to vice agriculture minister

He Huifeng
Published: 9:30pm, 11 Aug, 2018

China says it has imposed duties on 90 per cent of the agricultural goods the country imports from the United States since July 6.

China can easily find other countries to buy agricultural goods from instead of the US, its vice agriculture minister said, warning that American farmers could permanently lose their share of the Chinese market as a result of the trade war.

“Many countries have the willingness and they totally have the capacity to take over the market share the US is enjoying in China. If other countries become reliable suppliers for China, it will be very difficult for the US to regain the market,” Han Jun told official Xinhua news agency in an interview on Friday.

He also warned that American farmers could lose the position in the Chinese market they have spent several decades building up. Han said they may not be able to make up the losses brought by retaliatory tariffs, even with the White House’s planned US$12 billion aid package for farmers caught in the dispute.


https://www.scmp.com/news/china/diploma ... rket-share

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Slim Cognito
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Re: Trump's Trade Follicy

#2091

Post by Slim Cognito » Mon Aug 05, 2019 12:52 pm

just hit 700.

trump treats Xi/China as if it were the mom/pop music store he ripped off over one of his failed casinos. Combine that with his disastrous statement this morning where he flubbed the name of one of the cities torn by white nationalist violence over the weekend, and he's so mad he's actually tweeting what sounds like a threat to the media - report good stories about me or they'll be more shootings.

I have to admit, I'm more than a little bit scared today.
ImageImageImage x4

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Re: Trump's Trade Follicy

#2092

Post by RTH10260 » Mon Aug 05, 2019 1:14 pm

Slim Cognito wrote:
Mon Aug 05, 2019 12:52 pm
just hit 700.

trump treats Xi/China as if it were the mom/pop music store he ripped off over one of his failed casinos. Combine that with his disastrous statement this morning where he flubbed the name of one of the cities torn by white nationalist violence over the weekend, and he's so mad he's actually tweeting what sounds like a threat to the media - report good stories about me or they'll be more shootings.

I have to admit, I'm more than a little bit scared today.
Picture the proverbial Nasty American, combined with late colonial ambitions. :blackeye:

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Re: Trump's Trade Follicy

#2093

Post by RTH10260 » Mon Aug 05, 2019 2:17 pm

Watch live: Dow tumbles as China responds to Trump’s threat to levy further tariffs

at time of posting DJI approx 25740 -740 like -2.80%


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Re: Trump's Trade Follicy

#2094

Post by Hurtzi » Mon Aug 05, 2019 2:33 pm

RTH10260 wrote:
Mon Aug 05, 2019 2:17 pm
Watch live: Dow tumbles as China responds to Trump’s threat to levy further tariffs

at time of posting DJI approx 25740 -740 like 2.80%

The DJI was at 20000 January 1, 2017. Let's all hope and pray that it will return there soon and stay there (or lower) until a different POTUS has been sworn in (let it not be Pence).
The "water bear" is the first creature to live on the moon.

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Re: Trump's Trade Follicy

#2095

Post by Volkonski » Mon Aug 05, 2019 2:36 pm

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

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neonzx
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Re: Trump's Trade Follicy

#2096

Post by neonzx » Mon Aug 05, 2019 2:49 pm

Yeah, I'm getting tired of all this 'winning'. :bored: :notlistening:
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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Slim Cognito
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Re: Trump's Trade Follicy

#2097

Post by Slim Cognito » Mon Aug 05, 2019 2:52 pm

The one thing that's cheering me up this afternoon is trump is having an even worse day than we are.
ImageImageImage x4

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Chilidog
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Re: Trump's Trade Follicy

#2098

Post by Chilidog » Mon Aug 05, 2019 3:07 pm

Slim Cognito wrote:
Mon Aug 05, 2019 2:52 pm
The one thing that's cheering me up this afternoon is trump is having an even worse day than we are.
This would be a really good time for the House to start impeachment hearings.

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Re: Trump's Trade Follicy

#2099

Post by Sterngard Friegen » Mon Aug 05, 2019 3:08 pm

Trade wars are easy to win.

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Re: Trump's Trade Follicy

#2100

Post by much ado » Mon Aug 05, 2019 3:32 pm

Sterngard Friegen wrote:
Mon Aug 05, 2019 3:08 pm
Trade wars are easy to win.
So are currency wars.

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