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China Markets Slump to 5-Year Lows the Day After Trump Suggests 60% Tariffs on Chinese Imports
GATEWAYPUNDIT ^ | 2/5/2024 | jim hoft

Posted on 02/05/2024 9:51:48 AM PST by bitt

President Donald Trump joined Maria Bartiromo for an interview this weekend that aired yesterday on Sunday Morning Futures.

During the interview Trump suggested up to 60% tariffs on Chinese goods coming into America.

Trump | China Gets Hit with Massive Tariffs – But I Want to "Get Along"

Donald Trump will allegedly impose tariffs of 60%+ on Chinese products if he wins the 2024 election.

The former president said Beijing is taking advantage of the US but he didn't want to ignite another… pic.twitter.com/dewVXsMtEz

— RT_India (@RT_India_news) February 5, 2024

On Monday the China markets sunk to 5-year lows. That didn’t take long!

The Independent reported via Disclose TV:

Chineseshares gyrated on Monday, sinking to 5-year lows after market regulators sought to reassure jittery investors with a promise to crack down on stock price manipulation and “malicious short selling.”

Shares in Shanghai and the smaller market in Shenzhen, near Hong Kong, swung between big losses and small gains throughout the day. The markets have languished on heavy selling of property shares, which are enduring a slump in the real estate market.

The China Securities Regulatory Commission held a meeting Sunday focused on stabilizing the markets, state-run Chinese media reported. A notice on its website appeared designed to reassure individual investors who account for more than half of trading volume.

The Trump tariffs were one of the most consequential (and under-appreciated) American policy successes of the last 25 years.

They knocked China off course.

They discredited the “post American world” fake intellectuals.

They proved PNTR belongs in the ash heap of history. pic.twitter.com/CDL3whi8jb

— Jacob Helberg (@jacobhelberg) February 4, 2024


TOPICS:
KEYWORDS: 60tariffs; china; chinamarkets; redchina; trump
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1 posted on 02/05/2024 9:51:48 AM PST by bitt
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To: null and void; aragorn; EnigmaticAnomaly; kalee; Kale; AZ .44 MAG; Baynative; bgill; bitt; ...

go to links


2 posted on 02/05/2024 9:52:09 AM PST by bitt (<img src=' 'width=30%>)
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To: bitt

.


3 posted on 02/05/2024 9:52:55 AM PST by sauropod (The obedient always think of themselves as virtuous rather than cowardly.)
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To: bitt

Actually, Trump said 60% tariffs may not be enough.....


4 posted on 02/05/2024 9:54:03 AM PST by G Larry (It's RACIST to impose SLAVE WAGES on LEGAL immigrants and minorities by importing ILLEGAL Laborers)
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To: bitt

The power of Trump compared to the weakness of Biden...


5 posted on 02/05/2024 9:54:09 AM PST by jeffc (Resident of the free State of Florida)
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To: bitt

It wasn’t because he said that.

It’s the bankruptcy of Evergrande and the downdraft to the entire Chinese economy.

But undoubtedly it may have had some effect...


6 posted on 02/05/2024 9:55:28 AM PST by Regulator (It's fraud, Jim)
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To: jeffc
[the weakness of Biden...]

The third one was just not fair! C'mon man!!!


7 posted on 02/05/2024 9:56:21 AM PST by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: bitt

Maybe they’re running out of paper to print money ,LOL


8 posted on 02/05/2024 9:59:52 AM PST by butlerweave
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To: butlerweave

Plenty of paper, but they are running out of green ink.

Switching to red ink, should allow the fiat TP to go a bit longer down the road.


9 posted on 02/05/2024 10:03:51 AM PST by C210N (Mundus vult decipi, ergo decipiatur.)
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To: bitt

Obvious why China wants Biden


10 posted on 02/05/2024 10:07:48 AM PST by Jonny7797
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To: bitt

I’m down with that. If the corporate scum want to do business with Red China, they get to pay the 60% security premium on stuff that they import.


11 posted on 02/05/2024 10:12:14 AM PST by Tolerance Sucks Rocks (FBI out of Florida!)
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To: bitt

Sounds to me like their market analysts have calculated Trumps’s the likely winner...


12 posted on 02/05/2024 10:12:35 AM PST by William of Barsoom (In Omnia, Paratus)
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To: bitt

Trump hurts China without firing a shot.

The war mongering Neocons lust for something bloodier than this.


13 posted on 02/05/2024 10:19:18 AM PST by Nextrush (FREEDOM IS EVERYBODY'S BUSINESS-REMEMBER REV. NIEMOLLER)
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To: G Larry
Actually, Trump said 60% tariffs may not be enough.....

Awesome!!

14 posted on 02/05/2024 10:37:28 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: bitt

Don’s da MAN !


15 posted on 02/05/2024 10:41:25 AM PST by knarf (I talk to much to be in jeapordy.)
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To: bitt

This is classic Trump posturing before negotiations. But Trump needs to stop playing president and focus on winning the election.


16 posted on 02/05/2024 10:47:16 AM PST by libh8er
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To: bitt

Made in CHYNA? No thank$. CCP=EVIL collective.


17 posted on 02/05/2024 10:48:11 AM PST by PGalt (Past Peak Civilization?)
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To: bitt
Bubububububut...

Trump is just a has-been one-term ex-POTUS soon to be convicted felon with no chance of ever being President again. How can he possibly influence US foreign policy let alone Chinese markets?

18 posted on 02/05/2024 10:49:28 AM PST by caddie
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To: butlerweave

Run out of paper?

The Chinese literally invented paper!


19 posted on 02/05/2024 11:05:11 AM PST by Alas Babylon! (Repeal the Patriot Act; Abolish the DHS; reform FBI top to bottom!)
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To: Tolerance Sucks Rocks
The globalists will just move the production facilities to Vietnam or Ol Mexico.

In fact, Peter Zeihan has been saying for about a year that Mexico will become the manufacturer of much of the goods comin got the USA and Canada. They can make things cheaper there and take advantage of the NAFTA rules.
The GIANT SUCKING SOUND predicted back in the 90s.

Vietnam, Malaysia, Thailand, Taiwan will manufacture the electronic products for the world.

20 posted on 02/05/2024 11:06:59 AM PST by woodbutcher1963
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