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  • Trump says he's 'ready' to put tariffs on all $505 billion of Chinese goods imported to the US

    From cnbc.com

    President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise. "I'm ready to go to 500," the president told CNBC's Joe Kernen in a "Squawk Box" interview. The reference is to the dollar amount of Chinese imports the U.S. accepted in 2017 — $505.5 billion to be exact, compared to the $129.9 billion the U.S. exported to China, according to Census Bureau data. Thus far in the burgeoning trade war, the U.S. has slapped tariffs on just $34 billion of Chinese products, which China met with retaliatory duties. By sheer dollar volume, the Chinese ... (full story)

Buy safe haven
this is just bullshit, if u want to put tarrif just put it no need to make statement every week
thanks Mr Trump ...
nice drop on markets
[email protected] om
Quoting inversio
this is just bullshit, if u want to put tarrif just put it no need to make statement every week
Dude, this is how we make money, isn’t it?!
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Quoting NotAtrader
{quote} Dude, this is how we make money, isn’t it?!

but this guy is doing too much every week he is making some noise, looks like supporting his investment in this market
Quoting NotAtrader
{quote} Dude, this is how we make money, isn’t it?!
I agree - that's for the volatility. Normally the summer months are SLOW and nothing goes.

This summer I'm day trading and making bucks!
...because you never know - until you do!
China please start selling US treasuries soon. Let's play it big time.
Quoting inversio
{quote} but this guy is doing too much every week he is making some noise, looks like supporting his investment in this market
Yes it is. Do u think how much money he put in his personal investments? We all know that he is a rich businessman before he become a president. He know how to play the ball dude
If we don't see very strong earnings in the largest names, coming in the meat of earnings season over the next 2 weeks, US stocks are poised to take a 10+% dump....
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting Tom81
China please start selling US treasuries soon. Let's play it big time.
NOW THAT would be a BIG TIME CURRENCY WAR. It would start the beginning of a Global Recession - be careful what you wish for
...because you never know - until you do!
Quoting Ken A
Who is actually paying the tariffs on Chinese goods? Is it China or US consumers?
Right NOW that are only tariff's on 34 billion the INITIAL tariff that started 2 weeks ago. That is paid to the US Government by the companies that purchase the merchandise. Those companies have a choice - absorb the cost, tell the supplier I'm NOT paying the tariff, you pay it (China) or I won't accept delivery.

if the COMPANY pays the tariff they will most likely pass it along to the consumer.

Great Question!
...because you never know - until you do!
USDCNY is flying… CNY will probably surpass it's 1/2017 low. How do you win trade war against someone who has 1.4 billion people domestic market, owns 1/3 of your public and corporate debt and who's willing to openly devaluate domestic currency to such degree? Short answer, you can't.

Good article on this topic:

https://www.project-syndicate.org/co...bacchi-2018-07
Quoting The Fool
If we don't see very strong earnings in the largest names, coming in the meat of earnings season over the next 2 weeks, US stocks are poised to take a 10+% dump....
Not so fast....The tariff's haven't had time to have any effect -in fact earnings should be pretty robust and that will just convince people that all the hand wringing and crying by the leftist "fake news" media is just BS when the troubles lie just beneath the surface - lurking.

For import companies the effect of the tariff's will be offset by the reduction in the yaun.
...because you never know - until you do!
China might not be able to match tarriffs tit for tat, but as mentioned above, all they need to do is dump the trillion dollars they hold in foreign reserves.

Russia has already dumped theirs.
I remember the days when the word was that China had to see regular 7% GDP simply to avoid widespread civil unrest.
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting fxsport
{quote} NOW THAT would be a BIG TIME CURRENCY WAR. It would start the beginning of a Global Recession - be careful what you wish for
Looks like it'll be like u said. Already bought safe haven
Quoting fxsport
{quote} NOW THAT would be a BIG TIME CURRENCY WAR. It would start the beginning of a Global Recession - be careful what you wish for
Then all the Trumpists can dance in the street to celebrate what a great leader Donald is, on the way to the soup kitchens.
Paola Subacchi: "To be sure, with more than $3 trillion in foreign reserves and an established system to manage its exchange rate, China has enough financial and monetary leverage to bring the US economy to its knees. But having the weapons it needs does not mean that China can afford to use them."

I think West is forgetting one thing. If standard of living drops 30 % as a result of trade war, US and EU will have street demonstrations and riots day in day out. Chinese party won't have such problems. Partly because people are still afraid of them partly because they are used to lower standard of living. That's way Chinese communist party has upper hand in this game. Trump can't even say to Putin what he thinks without getting slammed at home, how will he survive trade war with China? As soon as standard of living in US starts dropping, he will be thrown out of the White house.
Quoting Pipmasterfx
{quote} Yes it is. Do u think how much money he put in his personal investments? We all know that he is a rich businessman before he become a president. He know how to play the ball dude
Do you know how many times Donald has been made bankrupt due to his fine business acumen?

Ask the people he owes money to from his failed businesses and see if they think he knows what he's doing.

If it wasn't for his rich billionaire Dad bailing him out, he would be finished.
US stocks are sideways in 2018, not surpassed the highs of late January. A recession in China will be felt everywhere. Regardless of what you may think about "the globalists" we are in a global economy. You can't hurt your major trading partners without hurting yourself.
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting digit1288
{quote} Do you know how many times Donald has been made bankrupt due to his fine business acumen? Ask the people he owes money to from his failed businesses and see if they think he knows what he's doing. If it wasn't for his rich billionaire Dad bailing him out, he would be finished.
Yeah another IF. The problem is...there he is in white house ruling america and trying to ruling the world. Dont matter how many times he failed in his past, let bygone be bygone. Nowadays,this man trying to make chaos across the world.
Quoting Tom81
USDCNY is flying… CNY will probably surpass it's 1/2017 low. How do you win trade war against someone who has 1.4 billion people domestic market, owns 1/3 of your public and corporate debt and who's willing to openly devaluate domestic currency to such degree? Short answer, you can't. Good article on this topic: https://www.project-syndicate.org/co...bacchi-2018-07
The largest ^VIX spike since the Lehmann crisis occurred in mid August 2015, when the yuan got a sudden devaluation. It took US stocks about a year to recover in the aftermath.
"If The Fool persists in his Folly he will become wise." - William Blake
I missed it but practically I was sure it will arrive to this.
Thing is, Trump wanted to show he is a player, do biz, etc .. and started with a 34B ... like in poker, thinking that China retaliate, then he puts another 200B, then China so something else, ... more fun, then he goes all in to show this power, (soon US will become a kingdom), ... BUT what? after the first tariffs China said nothing? it can't be,... ohhh, this scenario was easy to read.
Quoting digit1288
China might not be able to match tarriffs tit for tat, but as mentioned above, all they need to do is dump the trillion dollars they hold in foreign reserves. Russia has already dumped theirs.
They would if they could afford to, but they can't.
Why do you think they buy them in the first place?
Come with me if you want to live....
Quoting Tom81
China please start selling US treasuries soon. Let's play it big time.
If they did that, Trump might not need tariffs, and businesses would have little incentive to ship their operations to china.
If selling treasuries on mass was good for China, they would have done it long ago.

China looks after China...
Come with me if you want to live....
Surprisingly, most Chinese (including me) like president Donald Trump
Enjoy loneliness
Quoting heil
Surprisingly, most Chinese (including me) like president Donald Trump
Why?
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting The Fool
{quote} Why?
The Chinese government is not elected. We do not like the communist party, but despise it. Xi Jinping has been very arrogant these years, who change the constitution as he wish. Trump's move seems hit on Xi's face.
Enjoy loneliness
People in China hold pessimistic view of trade war. The Shanghai Composite Index has dropped 15% in this year, while the NASDAQ hitting historical record high.

The main problem is that China lacks core technology. For example, China has to import chips from the US. In April, the US Commerce Department imposed a trade blockade on ZTE, a company with 120 billion CNY market value. Without the chips, ZTE suspends business and lost half of its market value.
Enjoy loneliness
Quoting heil
{quote} the chinese government is not elected. We do not like the communist party, but despise it. Xi jinping has been very arrogant these years, who change the constitution as he wish. Trump's move seems hit on xi's face.
你不是 啊三哥 ？
Quoting Ken A
{quote} 你不是 啊三哥 ？
What's the meaning?
Enjoy loneliness
Quoting heil
{quote} What's the meaning?
You just answered my doubt.
Quoting Tom81
China please start selling US treasuries soon. Let's play it big time.

What exactly do you think that is going to do? Nothing! In fact China still owes the US on outstanding loans it defaulted on prior to WWII so if they want go that route they may find the offset is only by 5 billions dollars that the US owes China, which can be easily paid off. No problem! BTW Japan is the biggest holder of US treasuries not China, and recently had no problem renegotiating a fair and reciprocal trading agreement with the US.
Quoting heil
People in China hold pessimistic view of trade war. The Shanghai Composite Index has dropped 15% in this year, while the NASDAQ hitting historical record high. The main problem is that China lacks core technology. For example, China has to import chips from the US. In April, the US Commerce Department imposed a trade blockade on ZTE, a company with 120 billion CNY market value. Without the chips, ZTE suspends business and lost half of its market value.

Hello Heil! Good to meet you here and like your take and perspective on this issue.

From my understanding ZTE was selling their products to Iran and is why they were called out for their deceptive practices knowing they are a country on the US's sanction list. Not only that the bigger issue as it relates to China is their spying and stealing of military and IP secrets within the US. Just my view, but its not the Chinese people, its that dam globalist Government known as the Communist party that gives all of China a bad name! Sigh! I hope at some point some meaningful change can happen for citizens of China being forced to live under this regime!

You can't claim to be friends and a trading partner then at the same time go behind the back of those same so called friends and steal them blind and expect not to be consequences. The issue is a matter of trust and for too long the US has been just as complicit as their Chinese counter parts in allowing it to happen with sell out politicians who only care about their self interests instead of the the citizens they represent. Hopefully this will get sorted out to a fair compromise that benefits all involved, but Tariffs are not meant to be permanent, only a tool to be used in order to force the other trading partner to change their behavior, which at this point has not been good! China is acting more like an adversary rather than a trading partner, and everybody loses when that happens!
Quoting The Fool
US stocks are sideways in 2018, not surpassed the highs of late January. A recession in China will be felt everywhere. Regardless of what you may think about "the globalists" we are in a global economy. You can't hurt your major trading partners without hurting yourself.

Globalism is a dirty word!

“People with vested financial interests in the process have sold a narrative that global manufacturing, global sourcing, and global production was the inherent way of the future. But what’s brutally missed in the discussions is the fundamental truth that advocates selling this ‘global’ message have a vested financial and ideological interest in convincing the information consumer it’s just a natural outcome of progress.

“It’s not natural at all. It is a process that is entirely controlled, promoted and utilized by large conglomerates and massive financial corporations.” Sundance

Commerce should be a free mutual exchange of goods and services by the entities who engage in such. Not controlled by the ivory towers elitists who love hoarding and manipulating the wealth for predictable outcomes that only favors them. They made you believe that supporting oligarchy collectivism is good for the greater whole, when in reality it's a soft coup designed to make serfdom obeying sheep out of people like you who are willing to believe as such! When they finally achieve their objective of controlling all the worlds resources and wealth then essentially they have total control over you! Is that what you support? If so, its been nice knowing you, because no where in my personal constitution does it say I have to finance my own demise!

Better to die a hero then live on my knees as a coward. Or a hero only lives once but a coward dies a thousand times!
Quoting Ken A
{quote} You just answered my doubt.
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Quoting conglomerate
Buy safe haven

That is a good point! I wonder if the Yen, CHEF and metals will gain any traction in the coming weeks ahead!
Quoting Ill-b-back
{quote} If they did that, Trump might not need tariffs, and businesses would have little incentive to ship their operations to china. If selling treasuries on mass was good for China, they would have done it long ago. China looks after China...
EXACTLY. If the Chinese lose the US markets.....for whatever reason - that's something like 48% of it exports. Goodbye standard of living rising, goodbye Communist party. The people would revolt, and the Chinese know it. Also, there is that funny thing about a credit bubble with exporters in China starting to pop......he knows what he is doing. Is he tactful? No. But he is going after the softest spot possible.
  •  Guest
  • | IP XX.XX.125.41
China’s top 10 trading partners in terms of export sales.:
United States: US$431.7 billion (19% of total Chinese exports)
Hong Kong: $281 billion (12.4%)
Japan: $137.4 billion (6%)
South Korea: $102.8 billion (4.5%)
Vietnam: $72.1 billion (3.2%)
Germany: $71.2 billion (3.1%)
India: $67.9 billion (3%)
Netherlands: $67.3 billion (3%)
United Kingdom: $57 billion (2.5%)
Quoting Tom81
China please start selling US treasuries soon. Let's play it big time.
They can sell there treasuries any time they want to anyone who wants to buy them but they can only cash them in on there maturity date. One year two years maybe thirty years.
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  • Posted: Jul 20, 2018 6:12am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 41  /  Views: 12,102