Posted on 08/13/2019 7:14:51 AM PDT by janetjanet998
The U.S. will delay imposing 10% tariffs on certain Chinese products until Dec. 15, the U.S. Trade Representative's office said Tuesday. USTR said in a statement that the delay will apply to products including cell phones, laptop computers and video games.
(Excerpt) Read more at marketwatch.com ...
And if the exchange rate stays same, prices decrease
Just giving a little bit more time for supply chain adjustment.
Art of the Deal. Everyone needs to just take a chill pill.
That being said, we should all be prepared for the fact that sometimes what’s best for Wall Street is NOT what’s best for America in the long run.
(Gordon Chang: Trump's latest China tariffs are the right thing to do)
(Lou Dobbs and Gordon Chang Make the Case For Enhanced Chinese Tariffs…)
Once again investors win, workers lose.
You get the Understatement of the Year Award! Congratulations!
Sometimes what’s best for Wall Street IS what’s best for America.
But not always. And the GOP has been handing them every single thing on their wish list for over thirty friggin’ years.
It’s why Trump got elected, and the GOP is in trouble.
Recession risks grow as US-China trade uncertainty persists, Bank of America says:
Based on the escalating trade war Opens a New Window. , sluggish economic data and a weakened Federal Reserve arsenal, analysts believe there could be more than a 30 percent chance of a recession by the end of 2020.
“We are worried. We now have a number of early indicators starting to signal heightened risk of recession,” Michelle Meyer, Bank of America’s head of U.S. economics, wrote in a note to clients on Friday. “Our official model has the probability of a recession over the next 12 months only pegged at about 20%, but our subjective call based on the slew of data and events leads us to believe it is closer to a 1-in-3 chance.”
https://www.foxbusiness.com/economy/recession-risks-grow-us-china-trade-war-bank-of-america
>>>. USTR said in a statement that the delay will apply to products including cell phones, laptop computers and video games.
The trade rep that saved Christmas.
I know what you mean. I was expecting Trump to fix the trade imbalance with China in 30 seconds or less.
This makes President Trump look weak. Either get rid of tehm or put them on NOW.
Shows the idiots playground that stock market has become. A $30B tariff in a huge $22T economy wouldn’t even move the needle but boy o boy by all means lets buy up Trillions$$$ in stocks over it.
Worth repeating. I will vote for Donald the Fake in '20 and then I am done voting forever. Let the socialists have it.
Put china in the loss column for Trump? Because of Christmas? If he thinks the public can’t handle pain may as well throw in the towel.
why bother with 2020? if you’re going to quit, quit now.
this is going to bitterly disappoint a lot of already bitterly disappointed people.
> “This makes President Trump look weak.”
Not only that, it gives the communists breathing room just as they need to focus on crushing the Hong Kong protests.
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