Posted on 05/05/2019 5:03:59 PM PDT by aimhigh
A sharp sell-off will start the week on Wall Street after President Donald Trump said on Sunday that the U.S. will hike tariffs on goods imported from China, casting doubt on recent optimism that the world’s two largest economies were close to a resolution to their trade battle.
Dow Jones Industrial Average futures lost 400 points after falling as much as 479 points earlier Sunday evening. S&P 500 futures dropped 1.3% shortly after their open Sunday evening, while Nasdaq-100 Index futures dropped 1.5%.
Trump said in a tweet Sunday afternoon that the current 10% levies on $200 billion worth of Chinese goods will rise to 25% on Friday. He also threatened to impose 25% tariffs on an additional $325 billion of Chinese goods “shortly.”
(Excerpt) Read more at cnbc.com ...
Hiking tariffs against China is GREAT news for the US economy,
If legendary FReeper Willie Green was still around, he’d be in hog heaven right now.
China is our enemy.Time to cut all relations and bring this wicked regime to its knees.
Agree.
Time to buy stocks. Go Trump!
Bring China to it’s knees? That’s not necessary. Lets just take care of our needs. They want to trade, no problem, lets do fair and equitable trade. No more selling out our own people like the AH’s in D.C. have been doing for decades.
[If legendary FReeper Willie Green was still around, he’d be in hog heaven right now.]
Invest in the U.S., you bet.
Get over it folks. The TV you paid $1,000 for 12 years ago that now goes for $500 might cost you $650 next week. It’s worth it to get the Chicoms back in their subservient place. Starving their military budget as well is not A bad thing.
I see the extra $150 you suggest as an investment in my chdren’s future, and well worth the cost!
“China is our enemy.”
True. Unlike the USSR, they don’t care if we exist or not. They just want to run the world, and we’re in the way.
I wonder if this new tariff hike has anything to do with North Korea launching some missiles over the past few days. China has probably been hoping that Trump would be politically weakened by the Mueller report, and thus that their hand would be strengthened. When that didn’t pan out they may have played the North Korea card. If so, Trump’s response is exactly what he should do.
My ~15 yr old $1,000 TV is still working fine and made my wife quite happy at the time. [She hated watching TV on my kludged up system using a 21” CTV computer monitor...]
Children’s future (stupid keyboard) :)!
“CRT”
Probably one of the best wastes of $1,000 I ever made....
I’ll take the short term pain for the long term gain. Thank you, Mr. Pres.
Tariff the crap out of China then tell Chucky and Nance, THAT’S how we’re going to pay for our ‘infrastructure.’
Why would stocks take such a hit on the prospect of higher tariffs, much less implementing them?
Synalloy has benefited from Trump tariffs. Gold can be a short term hedge against a bear stock market.
We should not even trade with the communists.
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