BREAKING: Trump announces new tariffs on China. Markets tumble. | |
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Anonymous Coward (OP) User ID: 69421888 United States 08/01/2019 01:59 PM Report Abusive Post Report Copyright Violation | 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 User ID: 29910105 United States 08/01/2019 02:01 PM Report Abusive Post Report Copyright Violation | Dow drops 200 points, giving up big earlier gain after Trump says US adding more tariffs on China Quoting: Anonymous Coward 69421888 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. 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. |
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Maddrummerboy
User ID: 69764054 United States 08/01/2019 02:04 PM Report Abusive Post Report Copyright Violation | Dow drops 200 points, giving up big earlier gain after Trump says US adding more tariffs on China Quoting: Anonymous Coward 69421888 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. 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. just shows you how volatile things can be with a simple tweet |
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ScrumpTheTexan
Forum Administrator 08/01/2019 02:06 PM Report Abusive Post Report Copyright Violation | 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 The Election of Donald John Trump: [link to www.godlikeproductions.com] For previous Newsletters, click 'Scrump's News Letters' @ [link to www.godlikeproductions.com] |
luke the duke
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Deplorable NO MORE Michele B
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Rosicrucian1 User ID: 77804393 Canada 08/01/2019 02:21 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 69421888 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)] the leftist business press has been begging for a market correction for two months now...? |
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NDFarm
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Anonymous Coward User ID: 77855138 Slovenia 08/01/2019 02:28 PM Report Abusive Post Report Copyright Violation | 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 User ID: 77859297 United States 08/01/2019 02:29 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 69421888 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)] Ha ha, in the meantime China's economy is almost double the size of USA's economy: [link to upload.wikimedia.org (secure)] |
Weyoun
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Anonymous Coward User ID: 77855138 Slovenia 08/01/2019 02:35 PM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | 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
User ID: 76234375 United States 08/01/2019 02:37 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 69421888 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)] Ha ha, in the meantime China's economy is almost double the size of USA's economy: [link to upload.wikimedia.org (secure)] Faek nooze. |
Weyoun
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Anonymous Coward User ID: 69771336 United States 08/01/2019 02:42 PM Report Abusive Post Report Copyright Violation | Quoting: Weyoun Right. A politically correct explanation from Breitbart. What did you expect them to say? |
Weyoun
User ID: 76234375 United States 08/01/2019 02:44 PM Report Abusive Post Report Copyright Violation | Quoting: Weyoun Right. A politically correct explanation from Breitbart. What did you expect them to say? It is beyond your comprehension. Go back to worshipping Mao. |
Anonymous Coward User ID: 69771336 United States 08/01/2019 02:44 PM Report Abusive Post Report Copyright Violation | 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. |