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
go to links
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Actually, Trump said 60% tariffs may not be enough.....
The power of Trump compared to the weakness of Biden...
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...
Maybe they’re running out of paper to print money ,LOL
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.
Obvious why China wants Biden
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.
Sounds to me like their market analysts have calculated Trumps’s the likely winner...
Trump hurts China without firing a shot.
The war mongering Neocons lust for something bloodier than this.
Awesome!!
Don’s da MAN !
This is classic Trump posturing before negotiations. But Trump needs to stop playing president and focus on winning the election.
Made in CHYNA? No thank$. CCP=EVIL collective.
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?
Run out of paper?
The Chinese literally invented paper!
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.
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