tRump admits defeat in HIS China trade war, Dow plummets

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thelionofthenorth
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tRump admits defeat in HIS China trade war, Dow plummets

Post by thelionofthenorth » Tue Dec 03, 2019 12:58 pm

https://www.bloomberg.com/news/articles ... nd=premium


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Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.


President Donald Trump signaled he would be willing to wait for another year before striking a trade agreement with China, casting doubt on the likelihood of a phase-one accord within weeks between Washington and Beijing.


“I have no deadline,” he told reporters Tuesday on London when asked if he wanted an agreement by year end.






Trump Says ‘I Have No Deadline’ on China Trade Deal



Trump told reporters in London he has no deadline for a potential trade deal with China.
Source: Bloomberg

Stocks dropped in Europe and U.S. equity futures sold off as Trump’s comments indicated no urgency to reach a deal by Dec. 15, which U.S. Commerce Secretary Wilbur Ross on Monday called a “logical deadline.” The Trump administration has threatened to impose tariffs on more Chinese imports starting that day. Those levies would hit American consumer products such as smartphones, toys and childrens’ clothing just before the Christmas holiday.


“If nothing happens between now and then, the president has made quite clear he’ll put the tariffs in -- the increased tariffs,” Ross said on Fox Business Network.


A flurry of U.S. trade moves in the past 24 hours has eroded investor optimism that Trump would ease up on tariffs that have slowed the global economy. Rather than ratcheting down trade tensions, Trump is indicating confidence that his import taxes are good for America.
Here’s What’s Happened:
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barrysoetoro
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Re: tRump admits defeat in HIS China trade war, Dow plummets

Post by barrysoetoro » Tue Dec 03, 2019 2:35 pm

Clearly, your OP title is a bald-faced lie.
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nolaxride
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Re: tRump admits defeat in HIS China trade war, Dow plummets

Post by nolaxride » Tue Dec 03, 2019 4:23 pm

Correlation is not causation.

But it is curious.
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Re: tRump admits defeat in HIS China trade war, Dow plummets

Post by antifa » Tue Dec 03, 2019 6:09 pm

Just in time for Walmart shoppers.
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KC_
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Re: tRump admits defeat in HIS China trade war, Dow plummets

Post by KC_ » Tue Dec 03, 2019 6:14 pm

thelionofthenorth wrote:
Tue Dec 03, 2019 12:58 pm
https://www.bloomberg.com/news/articles ... nd=premium


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In this article

AIR
AIRBUS SE
126.84
EUR
-2.94-2.27%
JPY
Japanese Yen Spot
108.7900
JPY
-0.1900-0.1743%
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.


President Donald Trump signaled he would be willing to wait for another year before striking a trade agreement with China, casting doubt on the likelihood of a phase-one accord within weeks between Washington and Beijing.


“I have no deadline,” he told reporters Tuesday on London when asked if he wanted an agreement by year end.






Trump Says ‘I Have No Deadline’ on China Trade Deal



Trump told reporters in London he has no deadline for a potential trade deal with China.
Source: Bloomberg

Stocks dropped in Europe and U.S. equity futures sold off as Trump’s comments indicated no urgency to reach a deal by Dec. 15, which U.S. Commerce Secretary Wilbur Ross on Monday called a “logical deadline.” The Trump administration has threatened to impose tariffs on more Chinese imports starting that day. Those levies would hit American consumer products such as smartphones, toys and childrens’ clothing just before the Christmas holiday.


“If nothing happens between now and then, the president has made quite clear he’ll put the tariffs in -- the increased tariffs,” Ross said on Fox Business Network.


A flurry of U.S. trade moves in the past 24 hours has eroded investor optimism that Trump would ease up on tariffs that have slowed the global economy. Rather than ratcheting down trade tensions, Trump is indicating confidence that his import taxes are good for America.
Here’s What’s Happened:
Down 280 is no biggie nowadays. Down 580 October 19 , 1987 now that was really something to watch.The first hour on October 20 , 1987 was truly frightening.
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nolaxride
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Re: tRump admits defeat in HIS China trade war, Dow plummets

Post by nolaxride » Tue Dec 03, 2019 7:13 pm

KC_ wrote:
Tue Dec 03, 2019 6:14 pm
thelionofthenorth wrote:
Tue Dec 03, 2019 12:58 pm
https://www.bloomberg.com/news/articles ... nd=premium
<snip>
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

President Donald Trump signaled he would be willing to wait for another year before striking a trade agreement with China, casting doubt on the likelihood of a phase-one accord within weeks between Washington and Beijing.


“I have no deadline,” he told reporters Tuesday on London when asked if he wanted an agreement by year end.

Trump Says ‘I Have No Deadline’ on China Trade Deal

Trump told reporters in London he has no deadline for a potential trade deal with China.
Source: Bloomberg

Stocks dropped in Europe and U.S. equity futures sold off as Trump’s comments indicated no urgency to reach a deal by Dec. 15, which U.S. Commerce Secretary Wilbur Ross on Monday called a “logical deadline.” The Trump administration has threatened to impose tariffs on more Chinese imports starting that day. Those levies would hit American consumer products such as smartphones, toys and childrens’ clothing just before the Christmas holiday.


“If nothing happens between now and then, the president has made quite clear he’ll put the tariffs in -- the increased tariffs,” Ross said on Fox Business Network.


A flurry of U.S. trade moves in the past 24 hours has eroded investor optimism that Trump would ease up on tariffs that have slowed the global economy. Rather than ratcheting down trade tensions, Trump is indicating confidence that his import taxes are good for America.
Here’s What’s Happened:
Down 280 is no biggie nowadays. Down 580 October 19 , 1987 now that was really something to watch.The first hour on October 20 , 1987 was truly frightening.
Consider that even 580 is chump change. The DOW was around 2500 when it crashed 22 percent. In today's terms that around 6,000. That's a wild ride, an amazing haircut, and I'd love to be short for that one. Today was a little over one percent?
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DallasDimeBags
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Re: tRump admits defeat in HIS China trade war, Dow plummets

Post by DallasDimeBags » Tue Dec 03, 2019 9:41 pm

barrysoetoro wrote:
Tue Dec 03, 2019 2:35 pm
Clearly, your OP title is a bald-faced lie.
Yeah. SO!!!!!
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KC_
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Re: tRump admits defeat in HIS China trade war, Dow plummets

Post by KC_ » Tue Dec 03, 2019 10:28 pm

nolaxride wrote:
Tue Dec 03, 2019 7:13 pm
KC_ wrote:
Tue Dec 03, 2019 6:14 pm
thelionofthenorth wrote:
Tue Dec 03, 2019 12:58 pm
https://www.bloomberg.com/news/articles ... nd=premium
<snip>
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

President Donald Trump signaled he would be willing to wait for another year before striking a trade agreement with China, casting doubt on the likelihood of a phase-one accord within weeks between Washington and Beijing.


“I have no deadline,” he told reporters Tuesday on London when asked if he wanted an agreement by year end.

Trump Says ‘I Have No Deadline’ on China Trade Deal

Trump told reporters in London he has no deadline for a potential trade deal with China.
Source: Bloomberg

Stocks dropped in Europe and U.S. equity futures sold off as Trump’s comments indicated no urgency to reach a deal by Dec. 15, which U.S. Commerce Secretary Wilbur Ross on Monday called a “logical deadline.” The Trump administration has threatened to impose tariffs on more Chinese imports starting that day. Those levies would hit American consumer products such as smartphones, toys and childrens’ clothing just before the Christmas holiday.


“If nothing happens between now and then, the president has made quite clear he’ll put the tariffs in -- the increased tariffs,” Ross said on Fox Business Network.


A flurry of U.S. trade moves in the past 24 hours has eroded investor optimism that Trump would ease up on tariffs that have slowed the global economy. Rather than ratcheting down trade tensions, Trump is indicating confidence that his import taxes are good for America.
Here’s What’s Happened:
Down 280 is no biggie nowadays. Down 580 October 19 , 1987 now that was really something to watch.The first hour on October 20 , 1987 was truly frightening.
Consider that even 580 is chump change. The DOW was around 2500 when it crashed 22 percent. In today's terms that around 6,000. That's a wild ride, an amazing haircut, and I'd love to be short for that one. Today was a little over one percent?
Yes 1%. If you were short you would have been rich Tuesday morning at 9:31 AM .
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“I’d rather die standing up than live on my knees “
Stephane Charbonnier

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brookboy123
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Re: tRump admits defeat in HIS China trade war, Dow plummets

Post by brookboy123 » Wed Dec 04, 2019 8:14 am

antifa wrote:
Tue Dec 03, 2019 6:09 pm
Just in time for Walmart shoppers.
Yes, Indeed..........‘tis the season for Americans to flock to the stores to buy commie -made stuff from Communist China to celebrate the birth of the world’s greatest socialist, Yeshua.

I’m so happy for the Red Chinese that America’s Corporate Masters have moved millions of manufacturing jobs to their country.

:nesaitpas:
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