Posted on 07/10/2018 5:41:31 PM PDT by cba123
The Trump administration pushed ahead with plans to impose tariffs on additional $200 billion in Chinese products by releasing a list of targets, marking a sharp escalation in a trade war between the world's two largest economies.
The tariffs could take effect after public consultations end on Aug. 30, according to a statement from the U.S. Trade Representative's office Tuesday.
(please see full article at the link)
(Excerpt) Read more at dallasnews.com ...
I still think we will be @ 30k on DOW and 3300 on the S&P by year’s end.
bookmark
lol. i stayed at a Holiday Inn last night. So, yes, Bookmark it!!!!
No, the tariff on a specific good (or type of good)is what matters. Not an overall average.
And weighting it by volume doesn’t address that.
a weighting by item profit margin would be helpful I suppose. Never seen one.
I’d rather pay inflated prices than welfare payments any day. What ever trade barriers any country places on our goods we should return in kind. It’s not that we want tariffs and (seems you) globalists know it. We want free trade in both directions or no trade.
Agreed!
From the list:
10% increase on...
“Meat of swine other than hams, shoulders, bellies (streaky) and cuts thereof, salted, in brine, dried or smoked”
Trump’s supporters protected LOL!
Bacon tariff NOT increased!!
You are correct but this is a political tool not an economic one. As Trump has said this is a step toward no tariffs across the world.
Who controls funds gained from tarriffs?
Good! Then start sanctioning all of their banks. I know this makes people nervous but to my mind I say go as hard as you can against China because if things continue as they are it will be a military conflict next
You only pay the tarriff if you’re stupid enough to continue to buy Chinese junk. It’s not about cheap goods. It’s about jobs and having local products. Open your eyes
If trade completely stopped with China tomorrow the country would still be better off. There is nothing to fear here but fear itself. A little good old fashion will to succeed and the cabal in China can’t do anything. If the bloody country would show some pride in itself it would be unstoppable by these despots!
Thank you. It’s too hard to explain it all on a handheld device
you gotta figure that all those big factories in communist China were installed to make some rich people much richer
and since the markets for the products are here, no doubt Nixon’s “opening” to communist China has enabled a good number of American and other investors to share in those profits
and those folks buy up most of the political hacks, starting with the GOP-e (but not limited to just them)
Dang it. it’s beginning to sound like two schoolyard bullies one-upping each other.
Just stop already and MAGA!!!
Sorry....I get irritated by the antics of government officials.
I can only imagine how much worthless Chinese “paper” has been stuffed into American retirement packages by money changes such as Goldman Sachs.
And the fastest way for that to happen would be for Chinese firms who are profitable not just on labor to build that new plant and equipment here. Sometimes just the uncertainty of tariffs is enough: just ask Foxconn.
That's how the US became the world's greatest industrial power: we had high tariff barriers up until the post-WWII period. Until then, foreign manufacturers had to set-up shop here to compete or invest in American firms and transfer technology.
Sound familiar?
“Dow futures are currently down 240.”
I am heavily invested in stocks, and have been for years. I don’t bother trying to anticipate the downs and ups. They just happen. I’m not being naive, and I know generally what the risks are in all investments. That said, the fundamentals (which should guide stock decisions) don’t change on a day to day basis (with rare and extreme exceptions). So, the volatility you see is driven in part by those traders wanting to use ‘movement’ in the market to make a profit - either by investing or by shorting.
My point is that for the Dow futures to be down 240, just on the basis of a Trump comment, is ridiculous. The market doesn’t really track reality. It’s a great big card game.
China owns enough of Detroit, as I recall, to set up shop there easily.
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