Author Topic: Tarriffs/Trade War  (Read 4055 times)

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Offline fortune11

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Re: Tarriffs/Trade War
« Reply #75 on: October 01, 2018, 10:35:31 AM »
No money for the wall again.

His supporters don’t care, as long as Trump is wrecking stuff and freaking out the libs, they love him. They’ll be cheering as the planet explodes :) 


Offline Kings

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Re: Tarriffs/Trade War
« Reply #76 on: October 17, 2018, 09:37:31 AM »
ever wonder why you can get a usb cable for $0.99 all the way from china?  china has no answer for this one since it's a one-way street.  this is how you hit them where it hurts!

Quote
Trump Opens New Front in His Battle With China: International Shipping

WASHINGTON — President Trump plans to withdraw from a 144-year-old postal treaty that has allowed Chinese companies to ship small packages to the United States at a steeply discounted rate, undercutting American competitors and flooding the market with cheap consumer goods.

The withdrawal, announced by the White House on Wednesday, is part of a concerted push by Mr. Trump to counter China’s dominance and punish it for what the administration says is a pattern of unfair trade practices. The White House, in a statement, said “sufficient progress has not been made on reforming terms” of the postal treaty and that it would begin the withdrawal process while seeking to “negotiate bilateral and multilateral agreements that resolve the problems.”

The Universal Postal Union treaty, first drafted in 1874, sets fees that national postal services charge to deliver mail and small parcels to countries around the world. Since 1969, poor and developing countries — including China — have been assessed lower rates than wealthier countries in Europe and North America.

While the lower rates were intended to foster development in Asia and Africa, Chinese companies now make up about 60 percent of packages shipped into the country, taking advantage of the lower rates to ship clothing, household gadgets and consumer electronics. Many websites now offer free shipping from China, in part because of the cheap postal rates, administration officials say.

https://www.nytimes.com/2018/10/17/us/politics/trump-china-shipping.html

Offline morekaos

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Re: Tarriffs/Trade War
« Reply #77 on: October 17, 2018, 09:52:31 AM »
The market, ultimitly and as always, is the arbiter of success.

Trump trade war: U.S. stock market is faring better than China's since dispute began

China has more to lose

Chinese exports to the U.S., measured in dollars, outnumber incoming American goods to China by a 3 to 1 margin. Remember, nearly 70 percent of the U.S. economy is driven by domestic spending by consumers. China, which is running a $280 billion trade surplus with the U.S, according to data from financial firm Stifel, can't risk losing too much of its American business, Wall Street pros say.

"The U.S. is a customer of size with buying power that is hard to replace," says John Stoltzfus, chief investment strategist at Oppenheimer Asset Management.

And although tariffs could cause prices for consumer products ranging from cars to washing machines to rise, "the U.S. does not need China as much as China needs the U.S.," says Barry Bannister, head of institutional equity strategy at Stifel.

https://www.usatoday.com/story/money/2018/07/26/stock-market-says-u-s-winning-trade-war/832596002/

Offline Kings

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Re: Tarriffs/Trade War
« Reply #78 on: October 17, 2018, 11:33:38 AM »
The market, ultimitly and as always, is the arbiter of success.

Trump trade war: U.S. stock market is faring better than China's since dispute began

China has more to lose

Chinese exports to the U.S., measured in dollars, outnumber incoming American goods to China by a 3 to 1 margin. Remember, nearly 70 percent of the U.S. economy is driven by domestic spending by consumers. China, which is running a $280 billion trade surplus with the U.S, according to data from financial firm Stifel, can't risk losing too much of its American business, Wall Street pros say.

"The U.S. is a customer of size with buying power that is hard to replace," says John Stoltzfus, chief investment strategist at Oppenheimer Asset Management.

And although tariffs could cause prices for consumer products ranging from cars to washing machines to rise, "the U.S. does not need China as much as China needs the U.S.," says Barry Bannister, head of institutional equity strategy at Stifel.

https://www.usatoday.com/story/money/2018/07/26/stock-market-says-u-s-winning-trade-war/832596002/

the chinese are a very proud people. unfortunately, that will be their demise in this trade war and i wouldn't be surprised if they slip into major recession from holding out too long on jumping ship.

Offline morekaos

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Re: Tarriffs/Trade War
« Reply #79 on: October 18, 2018, 08:06:19 AM »
China stocks plunge amid heavy selling in the energy sector and growing worries about the economy

Chinese stocks fell sharply on Thursday as heavy selling in the energy sector and worries about the levels of borrowing in the stock market added to broader concerns over growth and the global sell-off in equities.
The Shanghai Composite index closed down 2.9 percent at 2,486.42, after hitting its lowest point since November 2014 on Thursday morning.

https://www.cnbc.com/2018/10/18/china-stocks-plunge-amidheavy-selling-in-the-energy-sector-and-growing-worries-about-the-economy.html

US economy showing momentum as leading indicators rise for 12th straight month in September

September marked the 12th straight month of gains for The Conference Board’s index, which takes into account building permits, the ISM index of new orders and stock prices.
“The US LEI improved further in September, suggesting the US business cycle remains on a strong growth trajectory heading into 2019,” says Ataman Ozyildirim, director and global chair at The Conference Board.
Ozyildirim also notes economic growth could top 3.5 percent in the second half of this year, but “unless the momentum in housing, orders and stock prices accelerates, that pace is unlikely to be sustained in 2019.”

https://www.cnbc.com/2018/10/18/leading-indicators-september.html

Who's your daddy now?



https://youtu.be/7TSEaOEU9D4

Offline morekaos

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Re: Tarriffs/Trade War
« Reply #80 on: October 23, 2018, 12:49:30 PM »
This is another Trump win but it really is a win for everyone but Russia.

In Win for Trump, Merkel Changes Course on U.S. Gas Imports
Chancellor calls her decision to open Germany up to U.S. liquefied natural gas a ‘strategic’ move

BERLIN—Chancellor Angela Merkel has offered government support to efforts to open up Germany to U.S. gas, a key concession to President Trump as he tries to loosen Russia’s grip on Europe’s largest energy market.

Over breakfast this month, the chancellor told a small group of lawmakers her government had decided to co-finance the construction of a €500 million ($576 million) liquefied natural gas shipping terminal in northern Germany, according to people familiar with the meeting, giving a crucial nudge to a project that had failed to get off the ground for years in a country that gets most of its gas cheaply from Russia.

Mr. Trump has intensively lobbied Europe to buy significant amounts of LNG as part of his campaign to rewrite the terms of trade relations. German and U.S. officials said Berlin hoped embracing U.S. gas might help solve a protracted trade dispute and possibly even defuse threats by Washington to sanction Nord Stream 2, an unbuilt German-Russian gas pipeline that would double Russia’s existing gas export capacity to Germany.

https://www.wsj.com/articles/in-win-for-trump-merkel-changes-course-on-u-s-gas-imports-1540209647

Offline Kings

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Re: Tarriffs/Trade War
« Reply #81 on: October 23, 2018, 01:50:41 PM »
CNN: "here's why trump taking an energy deal from russia actually proves he is a russian spy"

Offline morekaos

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Re: Tarriffs/Trade War
« Reply #82 on: October 23, 2018, 03:01:58 PM »
Trump derangement syndrome

Offline fortune11

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Re: Tarriffs/Trade War
« Reply #83 on: October 23, 2018, 03:50:12 PM »
Trump derangement syndrome

Or “I am too lazy to type anything original or clever so I will fall back on my lame phrase ” syndrome 

Offline morekaos

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Re: Tarriffs/Trade War
« Reply #84 on: October 23, 2018, 08:36:19 PM »
Trump derangement syndrome

Or “I am too lazy to type anything original or clever so I will fall back on my lame phrase ” syndrome 



https://youtu.be/uoaX1Ms0nRo

Offline fortune11

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Re: Tarriffs/Trade War
« Reply #85 on: October 24, 2018, 03:27:09 PM »
Pretty quiet here

Have we won all the trade wars yet ? When is  the victory parade

 

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