Posted on 06/30/2019 7:45:08 PM PDT by Innovative
Asia Pacific markets mostly rose in Monday morning trade after U.S. President Donald Trump and Chinese President Xi Jinping agreed to hold off on slapping additional tariffs in an effort to resume trade talks.
Mainland Chinese shares surged in early trade. The Shanghai composite added 1.74% while the Shenzhen component skyrocketed 2.65%. The Shenzhen composite also added 2.424%.
(Excerpt) Read more at cnbc.com ...
Still a long road ahead, but it looks like there will be an agreement eventually.
Perhaps just me, however I’m not in favor of such a pause.
Creepy Joe Biden (and son) are all smiles.
It makes sense to pause, while they are negotiating. If we increased the tariffs now, then China would want to take revenge, and things would go from bad to worse.
The tariffs we already imposed are staying, just not adding new ones, in the hope of an agreement.
“The tariffs we already imposed are staying, just not adding new ones, in the hope of an agreement.”
One concession Trump made: US companies can now sell parts to Huawei. In return he supposedly got China to resume buying more agricultural goods and services.
China bought a half-billion tons of soybeans the day before the G20. Quid pro quo, that’s how great deals are done.
At their current level China is already in a recession, with factories closing and many people losing jobs. Xi thought he could wait out Trump, but instead, companies are leaving China daily, and the longer it takes to get an agreement, the more companies leave China. Time is now completely on President Trump's side.
President Trump is the most powerful man on earth.
I don't think it fell on deaf ears to realize that the Asian Pacific newfound "wealth" is simply because Trump agreed to a "cease fire."
Rats could claim Trump is colluding with China to steal the next election. If anybody knows about stealing elections its a RAT. That said another big Stock Market run would be very bad news for them.
I’m glad there are at least two of us who realize what’s happening here. Trump has Xi by the short hairs. He has likely already agreed to let Kim Jon Un denuclearize the Korean peninsula. Trump is twisting the Chicoms every which way but loose. We could stay away from the table indefinitely.
IMO Trump is doing to China what Reagan did to Russia. No country can compete head to head with Us without stressing their economy to implosion.
Well said...
At their current level China is already in a recession, with factories closing and many people losing jobs.
>
Really?
If true, China would have already blinked, like they did in Clinton, Bush eras.
This pause is not going to induce China into agreeing to a new trade agreement.
China is doing what she always does.That is she’s going for the long game,and delay constantly.
We see soon but I don’t think the U.S. will get a beneficial trade agreement that benefits us.
I agree.
China is on top, as far as the current status quo benefits them the most (by far)
I am VERY glad he is our president, nobody else in either party even comes close to being qualified, at present
But he really needs to be tough with them, and STOP the terrible sell-out which had been going on for the last THREE DECADES.
Bring back jobs, to America Mr. President.
For real. You are a very good president. In my humble opinion, the best ever.
But bring back jobs, Mr. President.
For real.
Now.
As long as the globalisation keeps going on, within the current framework of WTO, it’s hard for Trump government to reverse the trend.
The biggest threat to an agreement is not China, but weak-kneed Republicans and all Democrats. If China thinks that Trump will not be re-elected, they would just stall, knowing that a Democrat will be far easier to roll in a year and a half.
We’re better off without an agreement anyway, because the Chinese will never honor it or our IP, have stolen trillions worth already, and we really need to re-localize our economy.
And ours is up 259 before open this morning - mid 28K range
But they won’t say “new record in the offing” instead they have a footnote how “Trump’s trade war may extend into 2021...at least they acknowledge he’ll win next year...;-)
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