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Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump


webfact

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15 minutes ago, bristolboy said:

He could afford to look weak? Really? How does that work vis-a-vis negotiations? So you think that Trump's backing down won't encourage the Chinese to stand fast? 

They will, all Trump is worried about is 2020 and the Chinese know that. Trump thought everything would be done and dusted by now and that he could present himself as the Chinese tamer of the West, after all trade wars are good and easy to win, now he will go into 2020 with a falling stock market and an angry populace. The Chinese are going to kick him where it hurts and his insulted allies will be laughing hoping to get a civilised, mentally stable president in the future.

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30 minutes ago, Cryingdick said:

 

I am not the guy who constantly heckles people for links. 

 

This is a good set up. He is making it so Christmas earnings will come in strong. This will be the beginning of the next leg up. He could also afford to look weak because let's face it with HK going on China has it's problems right now.

 

 

And here you accept Trump is manipulating the market.

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So the best he could do for backing off was a vague promise by China to buy some agriculture product? That's about as reassuring as a contractor being told by the Trumps a cheque is in the mail for work they did at one of their properties. If I'm a soy farmer in Iowa I'm pissed.

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1 hour ago, webfact said:

U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales.

Choke. 

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1 hour ago, Cryingdick said:

 

It's a pretty basic premise fi you understand how earnings reports work.

 

I understand how earnings reports are compiled ... but don't quite understand why you believe Trump has a plan? There is no plan, he just backtracked to prevent the trade war madness from ruining his chances in 2020. More backtracking to come ... dressed up as "winning".

 

 

 

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4 hours ago, soalbundy said:

They will, all Trump is worried about is 2020 and the Chinese know that. Trump thought everything would be done and dusted by now and that he could present himself as the Chinese tamer of the West, after all trade wars are good and easy to win, now he will go into 2020 with a falling stock market and an angry populace. The Chinese are going to kick him where it hurts and his insulted allies will be laughing hoping to get a civilised, mentally stable president in the future.

Sure as hell will not be one from the Democrat party. They are about as mentally stable as a can full of rats.

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"...hopes of blunting their impact on U.S. holiday sales."

and who will get the profits? China. He is basically saying "forget about buying something made in USA or country other than China (isn't that the goal of tariffs?), give them your money until sated, then we'll get tough". This is a bit like banning apple picking in December, after the harvest has come in.

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