Trump's Trade Follicy

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RTH10260
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Re: Trump's Trade Follicy

#2376

Post by RTH10260 »

Not surprised, Teh Donald hears and remembers what he likes, no attention span when his staff explains the nitty gritty details to him. Then he blasts off on his twit machine shouting out what he thinks *he* achieved. That's not how bilateral talks work. Keep quiet until the final paper is produced, don't think you can bully the other party by leaking inaccurate details. Your official voice may spoil whatever the trade talks team has achieved cause you oppose intermediate results. :blackeye:

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Notorial Dissent
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Re: Trump's Trade Follicy

#2377

Post by Notorial Dissent »

An old boss of mine used to say that "it ain't a deal until it is on paper and signed and sealed and money has changed hands, and even then maybe not" he was a smart man, Der Trumpenfürhrer isn't a smart man. More likely he's just getting played again.
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

#2378

Post by RTH10260 »

Trump's promises on "phase 1" deal with China fall flat

It's been a week since President Trump touted his "phase 1" partial trade agreement with China as the greatest-ever deal for U.S. farmers — but China isn't endorsing his promises.

Where it stands: China has not confirmed Trump's claim that it will buy $40 billion–$50 billion worth of U.S. agricultural goods, and it says a final deal would require the U.S. to cancel all existing and future tariffs, CNBC reports. No final decision has been reached to determine if the U.S. will push tariff increases scheduled for Dec. 15.

Gao Feng, China’s Ministry of Commerce spokesperson, did not say when the partial trade agreement between China and the U.S. would be signed or when future meetings on the unwritten plan will be held, per CNBC.

Gao also said that China would increase U.S. agricultural purchases based on market needs, but he did not specify figures.

A U.S. trade representative spokesperson told the Washington Post that China had committed in the partial deal to buy $40 billion–$50 billion a year, “scaling up over two years."

The impact: Farmer subsidies from the Trump administration aimed at mitigating the effects of the U.S.-China trade war reached $28 billion in September. U.S. farmers' personal income declined by an annualized $11.8 billion between January and March this year — the biggest Q1 drop in 3 years.


https://www.axios.com/us-china-trade-de ... 236b8.html

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Re: Trump's Trade Follicy

#2379

Post by RTH10260 »

ARIRANG NEWS wrote:Revised S. Korea-U.S. free trade deal looks better than expected: Trump

Published on Oct 21, 2019
트럼프, '개정 한미FTA'에 "우리 생각보다 훨씬 좋게 됐다"

U.S. President Donald Trump says the revised South Korea-U.S. free trade agreement is a fantastic one for Washington,... adding it looks even better than he had envisioned.

Speaking to reporters on Monday ahead of a Cabinet meeting,... Trump also lashed out at the former Obama administration for signing what he called a "horrible" trade deal for the United States.

Trump also said he has made great achievements on North Korea,... explaining that Washington would have been in a great war with the regime if he were not in the White House.

President Trump again reiterated that he has a very close relationship with the North Korean leader,... and it's a relationship based on mutual respect.

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Re: Trump's Trade Follicy

#2380

Post by Volkonski »

Shawn Donnan
@sdonnan
·
2h
Gulp...

“Almost 40% of projected farm profit this year will come from trade aid, disaster assistance, federal subsidies and insurance payments, according to the report, based on Department of Agriculture forecasts. That’s $33 billion of a projected $88 billion in income.”
Quote Tweet

Bloomberg Economics
@economics
· 2h
U.S. farm bankruptcies surged 24% in September, to the highest since 2011, amid the trade war and a year of wild weather https://bloom.bg/2NpSsp8
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

#2381

Post by Foggy »

Does Donnan (and whoever he's quoting) not know the difference between profit and income? :blackeye:
For more information, read it again.

(Fogbow on PayPal)

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Re: Trump's Trade Follicy

#2382

Post by Volkonski »

Reuters
@Reuters
·
21m
China may impose $3.58 billion in annual trade sanctions on U.S.: WTO panel https://reut.rs/2NyV5ou
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

#2383

Post by RTH10260 »

China told the WTO in September 2018 that it had suffered $7.043 billion in damages annually due to U.S. anti-dumping duties ruled illegal by a WTO panel in 2016 and later upheld. China therefore requested permission to raise trade barriers on U.S. goods to the same amount, as allowed under WTO rules.
It was all Obamas fault!

Will dotus now leave the WTO :?: :twisted:

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Re: Trump's Trade Follicy

#2384

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U.S. and China Agree to Roll Back Some Tariffs if Deal Is Struck
The development suggests progress toward an interim agreement that would provide relief to businesses and consumers.

By Ana Swanson, Keith Bradsher and Alan Rappeport
Nov. 7, 2019 Updated 9:00 p.m. ET

WASHINGTON — The United States and China have agreed that an initial trade deal between the two countries would roll back a portion of the tariffs they are placing on each other’s products, officials from both countries said, a significant step toward defusing tensions between the world’s largest economies.

The agreement has not yet been completed, and a deal could fail to materialize as it has in previous rounds of negotiations. But if a pact is reached, the Trump administration has committed to cutting some tariffs, American officials and other people with knowledge of the negotiations said.

This is the first time the administration has agreed to remove any of the tariffs it has placed on $360 billion worth of Chinese goods. While President Trump canceled a planned tariff increase in October, he has routinely dangled the prospect of additional taxes if Beijing does not accede to America’s trade demands.


https://www.nytimes.com/2019/11/07/busi ... trump.html

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Re: Trump's Trade Follicy

#2385

Post by Volkonski »

Going whole hog: U.S. tells exporters to report pig carcass sales as China buying soars

https://www.reuters.com/article/us-chin ... ce=twitter
The U.S. Department of Agriculture said on Monday that commodity exporters must disclose sales of hog carcasses, giving officials and traders more insight into a surge of Chinese pork buying that has roiled global meat markets.

China’s pork imports have nearly doubled this year as a fatal pig disease has decimated its herd and pushed prices of the country’s favorite meat to record highs. Its imports of beef and chicken have also climbed as China is scouring the world for meat to replace millions of pigs killed by African swine fever.

:snippity:

U.S. carcass shipments to China began in June after Smithfield Foods, the world’s biggest pork processor, retooled a processing plant in Virginia to slice hogs in thirds for export to China in boxes. Shipments reached a total of 78,390 tonnes by the end of September, according to USDA data, topping 676 tonnes shipped in 2017.

:snippity:

U.S. processors face a disadvantage for sales to China, compared with other suppliers, because Beijing imposed steep tariffs on U.S. pork as part of the countries’ trade war. Still, Chinese prices are so high that importers are willing to pay the tariff, affecting the U.S. market.
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

#2386

Post by RTH10260 »

Volkonski wrote:
Mon Nov 25, 2019 3:46 pm
Going whole hog: U.S. tells exporters to report pig carcass sales as China buying soars

https://www.reuters.com/article/us-chin ... SKBN1XZ26V

:snippity:
Part of the next interim trade deal with China?

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Re: Trump's Trade Follicy

#2387

Post by RTH10260 »


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Re: Trump's Trade Follicy

#2388

Post by ZekeB »

RTH10260 wrote:
Mon Nov 25, 2019 8:09 pm
Part of the next interim trade deal with China?
Big farm exports negotiated by Trump, himself.
Trump: Er hat eine größere Ente als ich.

Putin: Du bist kleiner als ich.

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RTH10260
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Re: Trump's Trade Follicy

#2389

Post by RTH10260 »

ZekeB wrote:
Mon Nov 25, 2019 10:18 pm
RTH10260 wrote:
Mon Nov 25, 2019 8:09 pm
Part of the next interim trade deal with China?
Big farm exports negotiated by Trump, himself.
Statistical basis for calculating campaign donnations to Teh Donald and the Republican Party :twisted:

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Re: Trump's Trade Follicy

#2390

Post by RVInit »

RTH10260 wrote:
Mon Nov 25, 2019 9:34 pm
I don't feel one fucking bit sorry for the majority of these assholes. They listen to talk radio all day long, they voted for the pustule that is destroying their livelihood and destroying the fabric of our country. But, they'll be OK because they are going to get bailouts, if there is one damn thing Republicans are good at, it's getting the red meat crowd the bailouts they need so they don't have to fully suffer the consequences of the choices they make in the voting booth.
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Jim
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Re: Trump's Trade Follicy

#2391

Post by Jim »

Wait a minute, WTH happened to the "Let them fail" pubs when it was the auto industry that needed bailouts because of pub policies?

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Re: Trump's Trade Follicy

#2392

Post by RVInit »

Jim wrote:
Tue Nov 26, 2019 9:38 am
Wait a minute, WTH happened to the "Let them fail" pubs when it was the auto industry that needed bailouts because of pub policies?
Historically the auto industry has been unionized and tends to vote Democratic, that's why pubs are always against those particular bailouts. It's when their policies affect the red meat crowd that they find every excuse in the book to shield them from fully realizing the fruits of their choices.
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Re: Trump's Trade Follicy

#2393

Post by Slim Cognito »

https://www.marketwatch.com/story/us-an ... 0?mod=bnbh

Saw over at Market Watch the Dec 15 tariffs threat is probably going to be postponed. Don't get me wrong, I'm thrilled Christmas shopping won't be ruined by more tariffs but I find it amusing that nobody has managed to convince Mr Tariffs that puffing your chest out, then folding like a cheap card table isn't the preferred method to bluster your way into the best trade deal in the history of the universe.
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Re: Trump's Trade Follicy

#2394

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U.S. Settles on Outline of Elusive Trade Deal
The president met with his economic advisers on Thursday as the United States and China moved closer to finishing a trade pact.

By Ana Swanson, Alan Rappeport and Keith Bradsher
Dec. 12, 2019
Updated 7:14 p.m. ET

WASHINGTON — The United States has settled on final terms of a partial trade deal with China, moving both countries closer to signing a pact that President Trump originally announced in October, four people familiar with the negotiations said.

Mr. Trump met with his top economic advisers Thursday afternoon at the White House to discuss an arrangement that would reduce by half the overall rate on the tariffs he has placed on $360 billion of goods, in return for Chinese commitments to buy American agriculture and other concessions, the people said.

The president was widely expected to announce as early as Friday that he would delay or cancel new tariffs that were scheduled to go into effect on Sunday on $160 billion of consumer products from China. On Thursday morning, he said on Twitter that the United States was closing in on a deal.



https://www.nytimes.com/2019/12/12/busi ... -deal.html

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Slim Cognito
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Re: Trump's Trade Follicy

#2395

Post by Slim Cognito »

Is this a new deal or are we going back to the way things were? I’m not celebrating until I get details.
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Re: Trump's Trade Follicy

#2396

Post by Judge Roy Bean »

It's called trade negotiations.

I've heard it explained as dancing in a room crowded with elephants. Not for the faint of heart.

No one gets out with everything they want.
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Re: Trump's Trade Follicy

#2397

Post by Somerset »

Have a look at the chart at this link. We never had any leverage to try and change the imbalance, and trying to do it with tariffs was always going to be folly.

https://www.visualcapitalist.com/visual ... and-china/

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Re: Trump's Trade Follicy

#2398

Post by Notorial Dissent »

Sadly, based on past performances, I would put their "outline" down to heartburn from too many cold greasy French fries. Or, simply more gas.
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

#2399

Post by busterbunker »

Went down to the booze shop to buy some bottles for the holidays. Holy hell, Scotch went through the roof. Sure enough, as I thought: a 25% tax got slapped on single-malt back in October. Blends are up as well.

What the hell we got against Scotch, Scots and the Scottish? That's good drink and they are good people. That kind of rubbish can bring a monarchy down.

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Re: Trump's Trade Follicy

#2400

Post by PaulG »

busterbunker wrote:
Fri Dec 13, 2019 1:23 am
Went down to the booze shop to buy some bottles for the holidays. Holy hell, Scotch went through the roof. Sure enough, as I thought: a 25% tax got slapped on single-malt back in October. Blends are up as well.

What the hell we got against Scotch, Scots and the Scottish? That's good drink and they are good people. That kind of rubbish can bring a monarchy down.
The "Islay Storm" at Trader Joe's isn't bad. Don't get me started on imported cheese though.

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