Posted on 02/06/2020 5:12:59 AM PST by John W
U.S. stock index futures rose on Thursday after China announced it will halve tariffs on U.S. imports totaling about $75 billion.
China’s finance ministry said the tariff cut was timed in conjunction with a U.S. decision last month to halve tariffs on roughly $120 billion worth of Chinese products. Tariffs on some U.S. goods will be cut from 10% to 5%, and from 5% to 2.5% on others, which will take effect on Feb. 14.
That decision was made as part of a broader “phase one” trade deal between China and the U.S. The agreement put the U.S.-China trade war, which had been hurting global growth prospects, on hold. President Donald Trump has said previously a phase-two agreement would be struck at a later date.
(Excerpt) Read more at cnbc.com ...
The impeachment is over,for now,and investors figure that Trump will be reelected. But a lot can happen before November. Just keep praying things go our way.
IRAs (if invested in large-cap situations) ought to bring 12 to 15 percent gains/dividends for 2020, as a minimum. Looks like a great year for folks.
Trump, be tough.
Do not “compromise” with China.
That is how we ended up with such a bad situation about trade, with them.
Everyone has been “compromising” with China for 30 years.
It is time to win.
Respectfully, a loyal supporter, American, and very early-decided voter.
:)
In “Marketese,” this says “You know, maybe we don’t need China as much as we thought.”
The China trade thing is a Free Traitor™ sh!t sandwich we've been eating since 1990.
“His truth goes marching on.”
Becoming less dependent on China and a net exporter of petroleum products is making a huge difference.
Acquittal, China tarriffs, Trump going to be reelected. Bearded savage dead. Yes, investors are feeling optimistic.
Bush sr, Klinton, jorge busho jr, O'Bummer. They all worshipped the New World Order as their god. That's been a big part of our problem.
...after China announced it will halve tariffs on U.S. imports totaling about $75 billion.
If you think they're opening up now, wait until the collusion trials for the treasonous Demagogic Party begin.
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