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  • China already charges a tax of 16% on soybeans. Canada has all sorts of trade barriers on our Agricultural products. Not acceptable!

Added at 8:44am

Get ready to pay more taxes in the form of tariffs is the message.
Welcome to the world of the crazies!
It pains me to agree with this nut, but the US does have bad trade deals.
America wants to fight with everyone!!!!! Russia, Mexico, Canada, EU, China ...
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Not American.. but from outside looks like if as a result or this trade spat, Chinese retaliate with Soybean and other agri tariffs it will damage US Administrations political support?
OK...NAFTA for one instance..close a US $20.00 shirt factory wages $15.00 lay off 250 Americans move it to Mexico wages $5.00 day. Transport the shirts back to US on questionably maintain transports which don't have to comply with US highway regulations and sell this same $20.00 shirt to these 250 Americans who lost their jobs.
China charges a 16% tax on US Soybeans and yet bought $12 Billion worth in 2017 and are the USA's largest export market for soybeans, that sounds pretty unfair to me!
https://in.mobile.reuters.com/article/amp/idINL3N1T24AJ

It is obviously time that the USA stopped selling stuff to China! perhaps there should be more of this
"China triples soybean purchases from Russia"
http://www.farmfutures.com/trade/china-triples-soybean-purchases-russia
Cut your Losers short and let your Winners run.
Quoting Gmoney1
OK...NAFTA for one instance..close a US $20.00 shirt factory wages $15.00 lay off 250 Americans move it to Mexico wages $5.00 day. Transport the shirts back to US on questionably maintain transports which don't have to comply with US highway regulations and sell this same $20.00 shirt to these 250 Americans who lost their jobs.
I believe the Americans call it Capitalism. The factory would still be owned by an American and he would move the factory off American soil not for profit, god forbid he would do it for reasons of "National Security" and being a good Patriot he would not sell the shirt for $20.00 he would drop the price to $19.95 thereby supporting the Americans he laid off by making goods cheaper for them. It's the American Way!!
Cut your Losers short and let your Winners run.
It is ill informed people who would think that America gets raw trade deal when in fact the problem is that America has been slow to react to global competition in areas such as labour skill development and cost which is the challenge the country faces.

The country need to employ capable and informed leadership who can objectively and honestly look at facts and sees it for what it is rather than seek to blame other people for their own predicament.

At least the previous administration accepted that they needed to catch up to the world in terms of their own skill labour pool.

But current leadership with its "better than others" mentality fail to understand and accept that the basic position of America as the worlds top economy sets up the country for the challenges it faces....such as many fat cat older generation who take its past success as mission accomplish and therefore has less motivation to repeat past heroic efforts.

This leaves America needing to receive an ongoing stream of fresh immigrants annually to keep pace with needed productivity. The trick part here is they keep on insulting many talented people who would make a great contribution to the country. They assume that the ongoing stream is endless but this assumption will no longer hold true at some point.
Misinformed and delusional, why else would this so called "American" move his business offshore if it wasn't for profit China is filled with US companies who followed profit over American jobs to think otherwise is pure fantasy, wake up...and by the way where do you think these new "talented" people are educated...USA...BOOM!
Quoting Gmoney1
Misinformed and delusional, why else would this so called "American" move his business offshore if it wasn't for profit China is filled with US companies who followed profit over American jobs to think otherwise is pure fantasy, wake up...and by the way where do you think these new "talented" people are educated...USA...BOOM!
Which of the many Indian IT workers are educated the the very inflated College system?
All the rest of the G7 need to do, is propose a new reserve currency to replace the dollar. Just the mere threat of it will hurt DJT more than any retaliatory tariffs.

Then sit back and watch the dollar go down the toilet.
Quoting digit1288
All the rest of the G7 need to do, is propose a new reserve currency to replace the dollar. Just the mere threat of it will hurt DJT more than any retaliatory tariffs. Then sit back and watch the dollar go down the toilet.
Putin did that just last weak, called into question the strength of the US dollar.
https://www.zerohedge.com/news/2018-05-26/russias-gold-hoard-soars-putin-warns-us-sanctions-hurt-trust-dollar-reserve
A genius is born every minute, me I am lucky if my socks match.
Too much is made of the dollar reserve status. Not like it has been the one and only. Other currencies held in reserve include the euro, Japanese yen, Swiss franc pound sterling, and more recently the Chinese yuan. The dollar, while still the most widely held reserve currency, has seen increased competition from the euro. The euro has grown from slightly less than an 18% share of allocated reserves, when it was introduced into the financial markets in 1999, to 24% at the end of 2011.
As a US American who helped hire this president, well,... I like him. He's most often referred to as "the negotiator". Unfortunately the swamp dwelling politicians of the last, well very long time, were not good negotiators. Negotiating is good in the market place. It's the core essence of trading. That's what we do here as fellow traders.

Some commenter above here said we "want to fight with everyone". Really? We want to "trade" with everyone. We don't want to fight with anyone, unless forced to. Another commenter stated we are "wrong x 10". I think that might be a tradable imbalance. I love trading currencies. I get to trade with everyone and some even think the USD is wrong to the tenth power. Wow, I can smell the trading opportunities and volatility, like a fresh cup of coffee. Wonder where I imported my coffee beans from today?
Until the USA Trade Balance is more realistic and healthy we here in the USA will need negotiators in high positions, regardless of what people think of them. Negotiate on Mr. President!!!
Yep he's negotiated his way into higher soybean tariffs for US farmers. Good job.
Quoting Iro
Yep he's negotiated his way into higher soybean tariffs for US farmers. Good job.
What exactly were the original tariffs in the first place? Sometimes you have to take a step back in order to take 3 steps forward.

How many muti-million deals have you negotiated lately?
...because you never know - until you do!
Quoting fxsport
{quote} What exactly were the original tariffs in the first place? Sometimes you have to take a step back in order to take 3 steps forward. How many muti-million deals have you negotiated lately?
And Trump will be taking many many steps backwards with all US trade partners while you wait for the second coming.

Trump has been the best showcase of American bullshit in action the world has ever seen.
There is a trade imbalance between Canada and the U.S. but then look at the population difference.
Canada 30 million - US 300 million.

America's exports to Canada amounted to
$222 billion or 51.3% of its overall imports.

1. Vehicles: $47.6 billion
2. Machinery: $30.8 billion
3. Mineral fuels including oil: $19.1 billion
4. Electronic equipment: $12.1 billion
5. Plastics: $11.5 billion
6. Medical, technical equipment: $5.6 billion
7. Iron or steel products: $4.9 billion
8. Aircraft, spacecraft: $4.7 billion
9. Paper: $4.4 billion
10. Iron and steel: $4.3 billion

Canada's exports to America amounted to
$307.2 billion or 12.7% of its overall imports.

1. Mineral fuels including oil: $77.9 billion
2. Vehicles: $56.2 billion
3. Machinery: $21.5 billion
4. Plastics: $11 billion
5. Wood: $10.8 billion
6. Aluminum: $8.5 billion
7. Electronic equipment: $7.6 billion
8. Paper: $6 billion
9. Aircraft, spacecraft: $5.3 billion
10. Iron and steel: $5.3 billion
Quoting itLWs
As a US American who helped hire this president, well,... I like him. He's most often referred to as "the negotiator". Unfortunately the swamp dwelling politicians of the last, well very long time, were not good negotiators. Negotiating is good in the market place. It's the core essence of trading. That's what we do here as fellow traders. Some commenter above here said we "want to fight with everyone". Really? We want to "trade" with everyone. We don't want to fight with anyone, unless forced to. Another commenter...
The trouble with your comments are that they are really not well thought out.

Negotiating with other countries is massively different to trading Forex. Night and day different.

As Jr123 point out you cannot risk disturbing global economic balance because someone's interpretation of the numbers are lopsided.

Because America historically has been consuming most of the resources on the planet doesnt mean thats a good thing....just ask the people who run the morgue with most of the post mortem showing that many people just over eat themselves to death while developing oversized organs the whole time.

People have the right to do whatever God allow them to do but doesnt mean its the smartest thing to do.

In case you still dont get my first point, no country is an island when it comes to trading one person buys what another sells, I repeat one person buys what another sells. Therefore If they both dont agree to this then nothing happens. if big bad bragadocious America wants to take on the world that comes with a price. Everyone can be big bad and bragadocious so the smart ones among us know its best that all humble themselves and deal with each other with respect as the sustainable way forward!
Quoting Iro
{quote} And Trump will be taking many many steps backwards with all US trade partners while you wait for the second coming. Trump has been the best showcase of American bullshit in action the world has ever seen.
That's not true. He's just loud. The real criminals are slick and most people like them or become bored focusing on them by design.
Quoting Iro
{quote} And Trump will be taking many many steps backwards with all US trade partners while you wait for the second coming. Trump has been the best showcase of American bullshit in action the world has ever seen.
I noticed you didn't answer the question but just threw out more unsubstantiated opinion. Meanwhile the USD will increase in value....

I'll throw you a bone...Sell GBP/USD
...because you never know - until you do!
Quoting DonFF
{quote} The trouble with your comments are that they are really not well thought out.
Actually his comments were spot on.

Quoting DonFF
{quote}Negotiating with other countries is massively different to trading Forex. Night and day different.
Who said negotiated with countries was the same as trading Forex? He said that the uncertainty increases volatility which gives day trades more opportunity to make $ - do you have a problem with that? I don't I take advantage of that

Quoting DonFF
{quote}As Jr123 point out you cannot risk disturbing global economic balance because someone's interpretation of the numbers are lopsided.
Sure you can! Global uncertainty and risk occur all the time. Look at what the President of Italy did by dissolving the government? What happened when Russia shot down the flight over the Ukraine? How about Brexit? What about when OPEC says they are cutting production? What about when the North Korean dictator fires off ICBM misles?

Quoting DonFF
{quote}Because America historically has been consuming most of the resources on the planet doesnt mean thats a good thing....just ask the people who run the morgue with most of the post mortem showing that many people just over eat themselves...
On this last point you and I agree! America DOES consume too much. If the increase in tariff causes the US consumer to consume less wouldn't that be a good thing? Oh but then these countries that "feed the beast" will suffer won't they? Can you have your cake and eat it too?
...because you never know - until you do!
Quoting fxsport
{quote} I noticed you didn't answer the question but just threw out more unsubstantiated opinion. Meanwhile the USD will increase in value.... I'll throw you a bone...Sell GBP/USD
Clearly very emotive writer.

Needless to hope you dont trade like the way you comment

What is gonna be is gonna be.
Quoting fxsport
{quote} I noticed you didn't answer the question but just threw out more unsubstantiated opinion. Meanwhile the USD will increase in value.... I'll throw you a bone...Sell GBP/USD
Clearly very emotive writer.

Needless to hope you dont trade like the way you comment

What is gonna be is gonna be.

One of the things many are still asleep to is that talking and bullying your way never works. It may appear this way in short term but nothing is resolved by kicking and screaming neither with yourself nor others.

Anyone who knows anything about negotiating understands that one of the basic thing is that a good negotiating result must essentially be a win-win situation. If one feels like they lost then that deal is a short-term proposition.

In short if you pay your plummer peanuts he will not tighten your screws....

Or will he
Quoting DonFF
{quote} talking and bullying your way never works. It may appear this way in short term but nothing is resolved by kicking and screaming neither with yourself nor others. Anyone who knows anything about negotiating understands that one of the basic thing is that a good negotiating result must essentially be a win-win situation. If one feels like they lost then that deal is a short-term...
I agree with you about a win-win situation - that is the best.

However, I will assume by your comments that you have never done any business dealings in New York or with an Israeli businessman....

The current trading situation is NOT a win-win as the USA has been taken advantage of - excuse me has ALLOWED THEMSELVES to be taken advantage of. It's simply time to level the playing field.

PS - I'm still bearish on GBP/USD
...because you never know - until you do!
Quoting fxsport
{quote} I agree with you about a win-win situation - that is the best. However, I will assume by your comments that you have never done any business dealings in New York or with an Israeli businessman.... The current trading situation is NOT a win-win as the USA has been taken advantage of - excuse me has ALLOWED THEMSELVES to be taken advantage of. It's simply time to level the playing field. PS - I'm still bearish on GBP/USD
In what way are you saying the USA has been taken advantaged of? Give us some specifics cos everyone seem to think the the worlds policeman role should be at no cost.

In terms of your GU position you can take your chance with that but GU is really ranging up for Jun/Jul before bullish move up afterwards.

The Confirmer is on the UJ W1 Engulfing candle.....Be careful you fall fowl of a basic trading rule of not falling in love with the instruments. Also DXY is showing reversal on D3.

So your position is interesting....lets see!
Quoting fxsport
{quote} I noticed you didn't answer the question but just threw out more unsubstantiated opinion. Meanwhile the USD will increase in value.... I'll throw you a bone...Sell GBP/USD
The Trump Administration is suffering from a massive case of sour grapes, trying desperately to find scapegoats in order to exculpate the capitalist oligarchs belonging to the US Republican Party who is responsible for outsourcing the manufacturing industries and exploiting Mexican illegals in the USA in first place.

Just look at the pathetic behavior of the Trump Administration and its lackeys in the GOP. They want to blame everything wrong with the USA on anybody — Mexicans, Latinos, Muslims, Asians, Blacks, etc. — everyone but themselves.
Quoting Iro
{quote} The Trump Administration is suffering from a massive case of sour grapes, trying desperately to find scapegoats in order to exculpate the capitalist oligarchs belonging to the US Republican Party who is responsible for outsourcing the manufacturing industries and exploiting Mexican illegals in the USA in first place. Just look at the pathetic behavior of the Trump Administration and its lackeys in the GOP. They want to blame everything wrong with the USA on anybody — Mexicans, Latinos, Muslims, Asians, Blacks, etc. — everyone but themselves....
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
America's trade cannot be taking in isolation. Most of the trade agreements came on the back of some diplomatic maneuvers and political considerations. The sphere of American influence was extended by these trade negotiations to maintain American influence in other areas, mostly in defense, military and intelligence. Renegotiating some of the trade deals would impact American influence which was already dwindling on the back Chinese alliances and economic influence around the globe. Please tell Mr. Trump that things are not always as they seem. What made America great was those same trade alliances and the political influences they had with other countries. Trump will be opening up opportunities for the alternatives with his renegotiation: China, EU, Russia etc.
"U.S. lawmakers seek to block Trump on tariffs"
https://www.reuters.com/article/us-usa-trade-senate/u-s-lawmakers-seek-to-block-trump-on-tariffs-idUSKCN1J127G

Not everyone in America sees Trump as "The Negotiator"

"Aiming at Trump strongholds, Mexico hits back with trade tariffs"
https://www.reuters.com/article/us-usa-trade-mexico/mexico-hits-back-on-u-s-steel-slaps-tariffs-on-pork-bourbon-idUSKCN1J11EV
Cut your Losers short and let your Winners run.
Quoting dee50
"U.S. lawmakers seek to block Trump on tariffs" https://www.reuters.com/article/us-u...-idUSKCN1J127G Not everyone in America sees Trump as "The Negotiator" "Aiming at Trump strongholds, Mexico hits back with trade tariffs" https://www.reuters.com/article/us-u...-idUSKCN1J11EV
no not every one likes trump but not everyone likes veggies either
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
Quoting Agsha
America's trade cannot be taking in isolation. Most of the trade agreements came on the back of some diplomatic maneuvers and political considerations. The sphere of American influence was extended by these trade negotiations to maintain American influence in other areas, mostly in defense, military and intelligence. Renegotiating some of the trade deals would impact American influence which was already dwindling on the back Chinese alliances and economic influence around the globe. Please tell Mr. Trump that things are not always as they seem....
Correct

Which is why it takes courageous people of high Character to be leaders in acknowledging and reaching reasonable compromise in sorting things out in a just and balance way.

That is the standard of leadership the world seeks which was always lacking in Trump from the get go.

Any American who think that all that is needed is just to focus only on the financial implications of where we are is woefully uninformed.

And this is why Russia was happy with this choice.
Quoting Agsha
America's trade cannot be taking in isolation. Most of the trade agreements came on the back of some diplomatic maneuvers and political considerations. The sphere of American influence was extended by these trade negotiations to maintain American influence in other areas, mostly in defense, military and intelligence. Renegotiating some of the trade deals would impact American influence which was already dwindling on the back Chinese alliances and economic influence around the globe. Please tell Mr. Trump that things are not always as they seem....
Sure, we had to bribe other nations with ridiculous trade deals pleading with them to let us defend them. Part of the increased Chinese economic influence is due to our decades of stupid enabling. Nations aligning with china are not likely US allies to start with. They should be careful with their choices.

The standard politicians approach is what has created the unfair and unreasonable self defeating situation. It does not take courage to continue the status quo. Rather it does to shake things up and quit being the patsy.
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  • Posted: Jun 4, 2018 8:43am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 35  /  Views: 9,951