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


webfact

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7 hours 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.

 

 

Economists said the tarifs were a blunder , his advisors said the same , hell even us old fogeys on here saw the downsides.

But ' genius ' Trump knew best and now he is reaping his reward...doh !

I dont know what is more pathetic , his ridiculous excuses ( health and safety lol ) or that his fan club are trying to spin another ' win '.

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Good opportunity for those companies involved to flush their warehouses from old stuff to make space for state of the art devices for the rest of the world ... And if they have a backbone, which I doubt, never do business with the US again ...

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8 hours ago, webfact said:

Trump has also personally criticized Chinese President Xi Jinping for failing to do more to stem sales of the synthetic opioid fentanyl amid an opioid overdosing crisis in the United States.

Fentanyl doesn’t kill people... people kill people. 

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Yet another U-turn, delayed until after Christmas. It is said that the US expect China to start buying US agricultural products again as a return gesture. I don't think that's a foregone conclusion. 

 

This is because retailers and toy companies don't want to lose the Christmas season because of increased prices.

 

This trade war has more twists and turns that a game of snakes and ladders (made in China).

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9 hours ago, Cryingdick said:

 

The markets move every tweet he makes. This is hardly some big surprise. Traders are actually beginning to trade the market based upon his tweets. Trump has the market on a string like a yoyo.

Didn't every other recent US President? Perhaps not with Tweets,  but with leaks, new conferences, backdoors and on and on. Research history. 

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47 minutes ago, Benmart said:

Didn't every other recent US President? Perhaps not with Tweets,  but with leaks, new conferences, backdoors and on and on. Research history. 

Other POTUS didn't have the market "on a string like a yoyo."

Especially before an election year.

Research History.

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Trump has never engaged in a win/win negotiation,wouldn't know how. This is the start of a new faise for Donald he has no back up plan. China will run him out into 2020 with US farmers and consumers all suffering. He is now trying to play the I am clever card but the only card he holds is the Joker will not trump the Chinese couldn't even play an ace.

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Just now, ThePioneer said:

The US, and probably the whole world, will be in recession before the 2020 elections.

 

This clown will never make it in a second term. Some of his campaign financiers are now publicly turning their back on him now

Yawn...I'll take that bet.

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7 hours ago, chokrai said:

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

Rational people will leave party partisan opinion aside in any effort to sideline Trump. The fascination with the pathetic apprentice is near over.

 

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3 hours ago, Benmart said:

Didn't every other recent US President? Perhaps not with Tweets,  but with leaks, new conferences, backdoors and on and on. Research history. 

What President announces a major policy decision then reneges on it 2 weeks later? Did Christmas take him by surprise? Does he think that maybe some years it just doesn't happen?

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I suggest that Trump is telling a bold faced lie.   The vast majority of businesses have long, long ago made their Christmas orders from China.   I suspect that corporations were even earlier than usual in making order based on the simple premise that a threat existed to raise tariffs.    

 

A friend who works for a small, independent retailer shop has their Christmas orders placed by July and they don't order from China, they order from large distributors who already have inventory in stock.   

 

It's a major back down by Trump and as is his habit, he tries to find an excuse, explanation or something to make a not-very-smart decision look like it was intentional.   He's the consummate Scrooge.   He does not care about Americans having a nice Christmas.   

 

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Trump blinks, shows weakness, caves.

 

 

Remember, Jared "found" Peter Novarro via an Amazon search. Sheesh. Never hire the idiot son-in-law.

 

How a Jared Kushner Amazon search led to the looming trade war

 

At one point during the [2016 presidential] campaign, when Trump wanted to speak more substantively about China, he gave Kushner a summary of his views and then asked him to do some research. Kushner simply went on Amazon, where he was struck by the title of one book, Death by China, co-authored by Peter Navarro. He cold-called Navarro, a well-known trade-deficit hawk, who agreed to join the team as an economic adviser. (When he joined, Navarro was in fact the campaign's only economic adviser.)

 

https://theweek.com/speedreads/759559/how-jared-kushner-amazon-search-led-looming-trade-war

 

 

 

And what's with the frog meat exclusion? I get the human hair exclusion, surprised it doesn't have to be yellow or orange?

 

An additional $160 billion worth of Chinese imports will be spared a tariff until Dec. 15, to avoid hitting holiday sales. These items include:

 

Prepared or preserved frog meat
Ice hockey gloves
Shelled nuts
Salt and pepper dispensers made of plastic
Human hair, fashioned into wigs or false beards

 

Some Chinese imports were dropped from the tariff target list altogether, including:

 

Bibles (China is the No. 1 source of imported Bibles and other prayer books. These were originally targeted for a 10% tariff, but importers' prayers for an exemption were granted.)
Radioactive elements, isotopes and compounds
Frozen cod, haddock, and salmon fillets

 

 

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