“PLUNGE!” LOL...was down 440 now down 162. The markets know Trump is right and that Trump will win.
Trump is very rightly separating trade from other China issues.
The childish media want everyone to assume that fixing the imbalance of trade and policy automatically means we must inherently hate China. The MSM used the same simplistic logic with Russia.
Trump is the adult who understands that there are serious problems that must be dealt with, but China and Russia are not going away.
When this goes on for a period of time, both china and the rest of our trading partners will realize that regardless of the wall street hacks, the swamp dwellers etal., Trump WILL NOT BACK DOWN.
Additionally, although the money comes from us, the USA treasury will collect BILLIONS. I'm not thrilled about that, but it is a reality.
My portfolio is up, thank you very much.
The numbers will go up again, and the media will not bother to tell the folks.
Wow, who knew a 25% tariff on $350B of goods = < $100B PER YEAR influences the stock market.! LOL It’s all globalist faux reaction. Manufactured plunge.
The sky is falling! Oh noes!
What? Some think that there will never be another trade deal with China? In what century?
Anyone remember “the new normal”?
While everyone is concentrating on the on tariffs and balance of trade which are the tip of the iceberg to get China’s economy to implode, they have been missing the real end game story which is using ratcheting tariffs to force manufacturers producing in China and selling to the US which is their major market the hell out of there to other low wage nations to produce so they do not have to deal with increased production cost of incorpoarating the tariff in their product and making them less competitive.Look for these dudes to start wholesale movements of their plants to Cambodia , Thailand and India with its 1.3 billion populace China is eating the 10 percent tariff right now to keep competitive but once we get to 25% it’s Katy bar the doors as Chinese prices become less competitive and once Trump extend the tariffs to ALL of China’s imports their economy is history. Rampant unemployment will ensue and they will have fewer foreign producers in China to steal technology from.Trump smells blood in the water. The Chinese will fold to every demand but in the end I hope we unload them altogether as a trading partner.
We’ll ride out the storm, clear skies are on the horizon.
No they won’t.
Stupid story at Drudge blaming Trump’s tweet for the loss of stock value. No, blame his ongoing righteous fight with China. So a few Wall Street shills lose money. America main street will continue to prosper under this POTUS. Chinese corporate sell outs will lose.
Buy!