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BREAKING: Trump announces new tariffs on China. Markets tumble.

 
Anonymous Coward
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08/01/2019 01:56 PM
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BREAKING: Trump announces new tariffs on China. Markets tumble.
President Donald Trump said Thursday the U.S. is putting an additional 10% tariff on the remaining $300 billion worth of Chinese goods, effective September 1.

Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country...We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!” Trump said in a tweet on Thursday.

The trade battle between the world’s two largest economies has dragged on for more than a year and a half. Trump shocked the markets in May by hiking tariffs to 25% from 10% on $250 billion in Chinese goods. China immediately retaliated and said a trade deal will not be reached unless the existing duties were stripped.


[link to www.cnbc.com (secure)]
Anonymous Coward
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08/01/2019 01:58 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
bump
Anonymous Coward (OP)
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08/01/2019 01:59 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
Dow drops 200 points, giving up big earlier gain after Trump says US adding more tariffs on China


Stocks slashed gains on Thursday after President Donald Trump said the U.S. would impose an additional 10% tariff on Chinese imports to the U.S.

The Dow Jones Industrial Average traded 205 points lower after rallying as much as 311 points earlier in the day.


[link to www.cnbc.com (secure)]

This translates to a 500 point drop in minutes.
Anonymous Coward
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08/01/2019 02:01 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
Dow drops 200 points, giving up big earlier gain after Trump says US adding more tariffs on China


Stocks slashed gains on Thursday after President Donald Trump said the U.S. would impose an additional 10% tariff on Chinese imports to the U.S.

The Dow Jones Industrial Average traded 205 points lower after rallying as much as 311 points earlier in the day.


[link to www.cnbc.com (secure)]

This translates to a 500 point drop in minutes.
 Quoting: Anonymous Coward 69421888


Great. Just as stocks were recovering from yesterday’s drop and were up 300, Trump goes and tweets new tariffs and sends it into a tailspin.
Anonymous Coward
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Germany
08/01/2019 02:03 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
This time it could really crash.

This time is different.
Maddrummerboy

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08/01/2019 02:04 PM

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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
Dow drops 200 points, giving up big earlier gain after Trump says US adding more tariffs on China


Stocks slashed gains on Thursday after President Donald Trump said the U.S. would impose an additional 10% tariff on Chinese imports to the U.S.

The Dow Jones Industrial Average traded 205 points lower after rallying as much as 311 points earlier in the day.


[link to www.cnbc.com (secure)]

This translates to a 500 point drop in minutes.
 Quoting: Anonymous Coward 69421888


Great. Just as stocks were recovering from yesterday’s drop and were up 300, Trump goes and tweets new tariffs and sends it into a tailspin.
 Quoting: Anonymous Coward 29910105


just shows you how volatile things can be with a simple tweet
Anonymous Coward
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08/01/2019 02:04 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
This is s good thing, stop freaking out.
Anonymous Coward
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United States
08/01/2019 02:05 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
Lots of flash crashing
Anonymous Coward
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08/01/2019 02:06 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
This is s good thing, stop freaking out.
 Quoting: Anonymous Coward 77875455


Guess you don’t have a 401k
ScrumpTheTexanModerator
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08/01/2019 02:06 PM

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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
Trumpflip
I am a Christian.

Christian does not equal doormat or pushover

"I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800

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luke the duke
born on the 9th of Av

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08/01/2019 02:06 PM

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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
colorbump
Deplorable NO MORE Michele B

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08/01/2019 02:08 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
This is s good thing, stop freaking out.
 Quoting: Anonymous Coward 77875455


Explain please
Anonymous Coward
User ID: 77600021
United States
08/01/2019 02:08 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
This is s good thing, stop freaking out.
 Quoting: Anonymous Coward 77875455


Guess you don’t have a 401k
 Quoting: Anonymous Coward 61141287


That's for paper tards.

So which industry has come back to the US and what are those job titles and pay?

The tariffs are taxing the shit out of the middle class.
Anonymous Coward
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Romania
08/01/2019 02:11 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
whatever
Anonymous Coward
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08/01/2019 02:12 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
This time it could really crash.

This time is different.
 Quoting: Anonymous Coward 77787689


bsflagbsflagbsflagbsflagbsflag
Anonymous Coward
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08/01/2019 02:17 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
Not a good idea, because you know they'll just put tariffs on us and stop buying even more Ag products.
Rosicrucian1
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08/01/2019 02:21 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
President Donald Trump said Thursday the U.S. is putting an additional 10% tariff on the remaining $300 billion worth of Chinese goods, effective September 1.

Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country...We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!” Trump said in a tweet on Thursday.

The trade battle between the world’s two largest economies has dragged on for more than a year and a half. Trump shocked the markets in May by hiking tariffs to 25% from 10% on $250 billion in Chinese goods. China immediately retaliated and said a trade deal will not be reached unless the existing duties were stripped.


[link to www.cnbc.com (secure)]
 Quoting: Anonymous Coward 69421888


the leftist business press has been begging for a market correction for two months now...?
Anonymous Coward
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08/01/2019 02:21 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
All this after US trade negotiators returned from China again with no deal.

Art of the fail marches on.
Anonymous Coward
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08/01/2019 02:24 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
All this after US trade negotiators returned from China again with no deal.

Art of the fail marches on.
 Quoting: Anonymous Coward 69927451


That’s 1.5 years of constant failing.

“Trade wars are good and easy to win”

—Donald Trump, March 2018
NDFarm

User ID: 76923699
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08/01/2019 02:26 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
Tariffs are taxes. So trump really is a tax and spend liberal. Just take a look at the deficits the last 2 years.
Anonymous Coward
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Slovenia
08/01/2019 02:28 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
Tariffs are taxes. So trump really is a tax and spend liberal. Just take a look at the deficits the last 2 years.
 Quoting: NDFarm


Trump's tariff hike will cost households more than $800 per year, study finds

After Washington said Beijing reversed on previous trade commitments last week, Trump hiked the tariff rate on $200 billion worth of Chinese imports to 25% from 10%. The increase will cost the average household $831 per year, economists at the Federal Reserve Bank of New York, Columbia, and Princeton said Thursday.
Domestic prices at the border have risen one‑for-one with the tariffs last year, according to the New York Fed. But the steeper tariff rate is expected to lead more companies to switch suppliers, meaning the government would bring in less revenue from tariffs even as costs to Americans jump.

[link to markets.businessinsider.com (secure)]
Anonymous Coward
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08/01/2019 02:29 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
President Donald Trump said Thursday the U.S. is putting an additional 10% tariff on the remaining $300 billion worth of Chinese goods, effective September 1.

Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country...We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!” Trump said in a tweet on Thursday.

The trade battle between the world’s two largest economies has dragged on for more than a year and a half. Trump shocked the markets in May by hiking tariffs to 25% from 10% on $250 billion in Chinese goods. China immediately retaliated and said a trade deal will not be reached unless the existing duties were stripped.


[link to www.cnbc.com (secure)]
 Quoting: Anonymous Coward 69421888


Ha ha, in the meantime China's economy is almost double the size of USA's economy:

[link to upload.wikimedia.org (secure)]
Weyoun

User ID: 76234375
United States
08/01/2019 02:34 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
This is s good thing, stop freaking out.
 Quoting: Anonymous Coward 77875455


Explain please
 Quoting: Deplorable NO MORE Michele B


[link to www.breitbart.com (secure)]
Anonymous Coward
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Slovenia
08/01/2019 02:35 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
The dollar climbed to its highest level in more than 2 years after the Fed cut rates. That’s the opposite of what Trump wants.

[link to markets.businessinsider.com (secure)]
Weyoun

User ID: 76234375
United States
08/01/2019 02:36 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
Tariffs are taxes. So trump really is a tax and spend liberal. Just take a look at the deficits the last 2 years.
 Quoting: NDFarm


Govt 101.
If you want moar of something, subsidize it.
If you want less of something, tax it.

Cutting off the chicoms, the enemy of all free peoples, is always a good thing.
Weyoun

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08/01/2019 02:37 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
President Donald Trump said Thursday the U.S. is putting an additional 10% tariff on the remaining $300 billion worth of Chinese goods, effective September 1.

Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country...We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!” Trump said in a tweet on Thursday.

The trade battle between the world’s two largest economies has dragged on for more than a year and a half. Trump shocked the markets in May by hiking tariffs to 25% from 10% on $250 billion in Chinese goods. China immediately retaliated and said a trade deal will not be reached unless the existing duties were stripped.


[link to www.cnbc.com (secure)]
 Quoting: Anonymous Coward 69421888


Ha ha, in the meantime China's economy is almost double the size of USA's economy:

[link to upload.wikimedia.org (secure)]
 Quoting: Anonymous Coward 77859297


Faek nooze.
Weyoun

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United States
08/01/2019 02:38 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
All this after US trade negotiators returned from China again with no deal.

Art of the fail marches on.
 Quoting: Anonymous Coward 69927451


Cutting off chicoms is a WIN WIN WIN.
Anonymous Coward
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08/01/2019 02:39 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
GOLDtards we ride!
Anonymous Coward
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08/01/2019 02:42 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
This is s good thing, stop freaking out.
 Quoting: Anonymous Coward 77875455


Explain please
 Quoting: Deplorable NO MORE Michele B


[link to www.breitbart.com (secure)]
 Quoting: Weyoun


Right. A politically correct explanation from Breitbart. What did you expect them to say?

1rof1
Weyoun

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United States
08/01/2019 02:44 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
This is s good thing, stop freaking out.
 Quoting: Anonymous Coward 77875455


Explain please
 Quoting: Deplorable NO MORE Michele B


[link to www.breitbart.com (secure)]
 Quoting: Weyoun


Right. A politically correct explanation from Breitbart. What did you expect them to say?

1rof1
 Quoting: Anonymous Coward 69771336


It is beyond your comprehension. Go back to worshipping Mao.
Anonymous Coward
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United States
08/01/2019 02:44 PM
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Re: BREAKING: Trump announces new tariffs on China. Markets tumble.
Tariffs are taxes. So trump really is a tax and spend liberal. Just take a look at the deficits the last 2 years.
 Quoting: NDFarm


So I guess that means you believe Trump was lying when he stated that his import tariffs would be paid by China.

I bet you even think he was lying when he said the wall would be paid for by Mexico.





GLP