Posted on 04/05/2018 4:09:49 PM PDT by SpeedyInTexas
President Donald Trump on Thursday said he has instructed the United States Trade Representative to consider $100 billion in additional tariffs against China.
"In light of China's unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs," Trump said in a statement.
(Excerpt) Read more at cnbc.com ...
Best election evaaaa.
Best President evaaaa
Best slapdowwn on the CHICOMS evaaaa
I’m more worried about that rope Karl Marx said we would buy than any trade with China.
Little movement in currencies post the announcement. 10 year Treasuries opened down 2bps to 2.81%. Japan’s Topix index is actually up slightly.
Now is the best time for Trump to move on tariffs. Unemployment in the US is low. Jobs are easy to find. Tariffs could cause some dislocations, but the economy can handle it.
Trump might be tamer if he would get some support for his programs and nominees from Congress.
I can hear the screams of the lobbyists.
TWB
BOOM!!!
LOVE IT!!!
GO PRESIDENT TRUMP!!!
Thanks, Donald. We had a nice run up in the markets the past few days, but the Dow futures are now down 450+ points.
China has been at a trade war with us for a very long time if you have not noticed.
That’s why we only have 2 steel factories left.
F*ck Communist China!
Go President Trump!!!
“In the short term, China selling would drive Treasuries lower and yields higher.”
That would essentially be China cutting off their own nose.
They hold $1.3 trillon in US debt.
If they tired to sell 20% of that, they’d lose 10% on what’s remaining. If they tried to sell 1/2...they’d lose at least 1/2 the value of what’s remaining.
But there would be no shortage of buyers in the mid-term.
“Great Depression 2.0, anyone? Tariffs started the first one in the 20s.”
Nonsense.
That debt deflation was well underway before the Smoot-Hawley tariffs were enacted, and deep before they took effect.
Additionally, we ran a trade surplus then, making us vulnerable to retaliation.
“To hell with China and we will probably not have a better time to tell them so”
Now that’s it’s underway, we either win...or lose.
It’s now or never.
Great Depression 2.0, anyone? Tariffs started the first one in the 20s. Let’s not forget history.
When the markets went pear-shaped, it wasn’t just investors who were hurt, but banks and brokerages that went bust because of losses from margin loans that they floated to investors whose accounts had insufficient margin to cover their losses, meaning these losses became bank or brokerage losses. The closures of these banks and brokerages, and the refusal of the government to act as lender of last resort, led to a severe contraction in the money supply, which resulted in the Great Depression. We’re not about to make that mistake again.
Patriots are not selfish bastards.
We've gone from "We Mutually Pledge To Each Other Our Lives, Our Fortunes And Our Sacred Honor"
To:Only thing this is gonna do is lead to a recession, and hammer 401ks
Tariff anything with a micro chip in it as well as seafood.
Right. Only Free Traitors would care what happens to the wealth of American citizens.
Us “patriots” know that it’s better to have a government jobs program than to let selfish bastards make a return on investments in the free market.
We should do to China what Japan did to us. Let it rot on the docks. We have to inspect everything before we allow it in. One bag of bad seafood? The rest cannot leave the ship until the FDA gets to look at it in 8 weeks.
This is a game China will lose. Only 15% of our GDP is export based and their GDP is substantially export based more than half to the US. In the end the big win will be when Trump requires China to take more exports from the US to narrow the trade imbalance. Then we really win big time.
We Mutually Pledge To Each Other Our Lives, Our Fortunes And Our Sacred Honor
Yes, put 100% tariffs on all non-essential imports from China. Pressure our allies to either stand with us and do the same, else face our wrath. How long can the Chinese government stand once their workers are out of work? They need us more than we need them.
I guess you are short in the market. I respect that. I am long and looking for buying opportunities. I guess time will tell. I won’t rub it in if I’m right, and hope you don’t do the same. Happy freeping....
Bingo. This is exactly the core of Trump's economic and trade policy. Some nations have advanced industrial economies. Some nations are self-sufficient in food production. Some nations have the capability of being self-sufficient in energy.
VERY FEW nations have all three of them. The United States is one of them. China is not. We hold more cards.
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