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

[joecoolfrog]

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 '.

[Jack Mountain]

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 ...

[jany123]

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. 

[malibukid]

the Chinese are eating Trump for lunch

[Pedrogaz]

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).

[Benmart]

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. 

[Srikcir]

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.

[Paul Henry]

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.

[ThePioneer]

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

[HLover]

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.

[Becker]

2 hours ago, malibukid said:

the Chinese are eating Trump for lunch

Must be some mighty big chopsticks they're using!

[Dumbastheycome]

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.

 

[bristolboy]

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?

[Credo]

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.   

 

[mtls2005]

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

 

 

[Joe Mcseismic]

16 hours ago, malibukid said:

the Chinese are eating Trump for lunch

As is Kim Jung Un.

[bristolboy]

20 minutes ago, mtls2005 said:

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

 

 

It seems to me that the preferential exclusion of Bibles from the tariffs would violate the 2nd amendment. Should be either all books excluded or no books excluded.

[Chomper Higgot]

The sell off in US stock markets and dire % on US Bonds sent Trump to twitter begging for a face to face with China’s President Xi to discuss....... Hong Kong.

 

Because all of a sudden with Trump’s trade war devaluing stocks and inverting the bond markets Trump wants to focus on Hong Kong.

 

 

 

[bristolboy]

1 minute ago, Chomper Higgot said:

The sell off in US stock markets and dire % on US Bonds sent Trump to twitter begging for a face to face with China’s President Xi to discuss....... Hong Kong.

 

Because all of a sudden with Trump’s trade war devaluing stocks and inverting the bond markets Trump wants to focus on Hong Kong.

 

 

 

I'm assuming you're being ironic and in fact that Trump is desperate to resume trade talks with the Chinese under the fig leaf of Hong Kong.

Maybe it was this that threw a scare into him:

Fox News in its latest poll had Trump's down by 13 points. 56 percent unfavorable, 43 percent favorable. And a huge jump in strong disapproval: 48 percent now from 41 percent in the last poll.

https://www.foxnews.com/politics/fox-news-poll-august-14

[Roadman]

I see markets are nose diving this morning. The first serious signs that for the US the proverbial from all the great POTUS biggie bully plans could be about to hit the fan. There’s been plenty of indication of it since early this year with China responding to Trumps tariffs by going elsewhere for their needs. And that’s been a double whammy for the US not only in lost income from China but having to pay subsidies for American farmers to plough crop in for other countries to take over that US supply. And the rest of us won’t be giving that new won Chinese supply market share back, so more bad news there for the US as well. As has been obvious all this year, but not to Trump, the Chinese learnt to survive on a bowl of rice long ago. Interesting to see if the US can.  

[mtls2005]

"Trade wars are easy to win."

 

 

 

[Chomper Higgot]

16 minutes ago, bristolboy said:

I'm assuming you're being ironic and in fact that Trump is desperate to resume trade talks with the Chinese under the fig leaf of Hong Kong.

Maybe it was this that threw a scare into him:

Fox News in its latest poll had Trump's down by 13 points. 56 percent unfavorable, 43 percent favorable. And a huge jump in strong disapproval: 48 percent now from 41 percent in the last poll.

https://www.foxnews.com/politics/fox-news-poll-august-14

I was being ironic.

 

But this latest display of βeta male Trump passively begging for an audience with President Xi raises another question.

 

How many times has Trump used fictitious reasons as a cover for alternative agenda meetings with foreign leaders. He, after all, is averse to the taking of notes of his meetings.

[Cryingdick]

20 minutes ago, Roadman said:

I see markets are nose diving this morning. The first serious signs that for the US the proverbial from all the great POTUS biggie bully plans could be about to hit the fan. There’s been plenty of indication of it since early this year with China responding to Trumps tariffs by going elsewhere for their needs. And that’s been a double whammy for the US not only in lost income from China but having to pay subsidies for American farmers to plough crop in for other countries to take over that US supply. And the rest of us won’t be giving that new won Chinese supply market share back, so more bad news there for the US as well. As has been obvious all this year, but not to Trump, the Chinese learnt to survive on a bowl of rice long ago. Interesting to see if the US can.  

 

Food self sufficiency is  problem the USA will never have.

[Tug]

That market really tanked today and Donald is running around blaming the fed begging China for an audience its pathetic 

[bristolboy]

2 hours ago, Cryingdick said:

 

Food self sufficiency is  problem the USA will never have.

Especially now, given the loss of the Chinese market.

[mikebike]

4 hours ago, bristolboy said:

It seems to me that the preferential exclusion of Bibles from the tariffs would violate the 2nd amendment. Should be either all books excluded or no books excluded.

What exactly do bibles have to do with the right to bear arms?

[Srikcir]

On 8/14/2019 at 7:50 AM, webfact said:

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

Too late.

Dow tumbles 800 points in biggest one day fall of year on global economic growth slowdown

https://www.marketwatch.com/story/dow-futures-down-over-300-points-on-global-growth-concerns-yield-curve-inversion-2019-08-14

Economic forecasters keep pointing to an increased possibility of a recession. JPMorgan Chase warned last week that the probability of a downturn over the next 12 months has climbed to 40%. Bank of America says the odds of a recession next year are greater than 30%.

http://lite.cnn.io/en/article/h_d643f746b211fd6b4478777bdd1fe1de

 

[bristolboy]

1 hour ago, mikebike said:

What exactly do bibles have to do with the right to bear arms?

Wear them in place of a bullet proof vest?

[bristolboy]

5 hours ago, bristolboy said:

It seems to me that the preferential exclusion of Bibles from the tariffs would violate the 2nd amendment. Should be either all books excluded or no books excluded.

Oops. Make that the 1st Amendment.

[gearbox]

On 8/14/2019 at 12:04 PM, 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.

 

The economic centre of the world is shifting to North East Asia and Trump is trying to prevent or at least delay the process. Containment.

It has nothing to do with the communism in China, probably the containment would be significantly easier if it wasn't an authoritarian regime country.

 

The main problem is that the North East Asians just study and work harder. There is no substitute for that. Japan, Taiwan, then South Korea, now China and later Vietnam. These countries slowly became the high-tech powerhouses of the world, and the WIPO statistics clearly show the trend. The US is the country to lose most in the shift.

 

Containing Japan was much easier in the eighties,  on top Japan didn't have any military potential. China is completely different story. Much, much larger, with nukes too. And don't forget the bamboo network, which helps to secure the ASEAN markets. 

 

Trump may have had a bit of success if he wasn't sidetracked with irrelevant issues like Iran, or haven't pissed off anyone else with his MAGA stuff. The potential allies would rightfully ask "What is in for me with this MAGA stuff?"

 

IMO the horse has already bolted and the China's containment is not going to work. It has an authoritarian regime, the best type of government they can have at the moment, until their multinationals are strong enough to start buying, not to be bought.