Haaaaa. Delay tariffs because of Christmas shopping??

Discussion in 'Wall St. News' started by S2007S, Aug 13, 2019.

  1. S2007S

    S2007S

    This is seriously an amusing reason why they are delaying tariffs! They could have come up with so many excuses, but delaying tariffs because of Christmas shopping. Come on!!! Only A Fu©king Fool would believe that one... What I find amusing about this is that these tariffs hikes are supposed to make the US even stronger and increase revenue. Now if China is supposed to pay for these tariff hikes and NOT the US consumer than why the worry about the holiday Christmas shopping season??? Makes absolutely zero sense. Just another excuse. China is winning the trade war, and he knows it


    Trump says he delayed tariffs because of concerns over Christmas shopping season
    PUBLISHED 35 MIN AGOUPDATED


    https://www.cnbc.com/2019/08/13/tru...-concerns-over-christmas-shopping-season.html
     
    SunTrader and elitenapper like this.
  2. dozu888

    dozu888

    Careful with the haaaa.... or the joke maybe on you.

    It IS the Christmas season for the import supply chain for the stuff to hit the shelf by November. So if the tariff goes on 9/1 then when they hit the American shore the importers will pay the tariff and price goes higher in the stores. The exporters sales were already done in US dollars.

    Trump is mostly correct that China is paying for the tariff in the sense that once the tariff is on, China usually responds with cheaper rmb and subsidies to the exporters. So the new export sales will be in much lower FOB price leaving the Chinese port in US dollars to compensate for the importers tariff payment so the prices to US consumers won’t see that much increase.
     
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  3. bone

    bone ET Sponsor

    China has got worse problems than Orange Man. For starters, Hong Kong.

    And Tiananmen 2.0 would be economic suicide for China.
     
    yc47ib, apdxyk and Metamega like this.
  4. ElCubano

    ElCubano

    Sooner or later they will push back. Let’s hope they don’t.
     
  5. noddyboy

    noddyboy

    Kind of ridiculous how much the market is up. At this rate, ATH again.
     
  6. bone

    bone ET Sponsor

    According to GS - Corporate Treasurers have been snapping up these dips for share buybacks.
     
    d08 and noddyboy like this.
  7. noddyboy

    noddyboy

    I see. So we should buy before they buy it all up.
     
  8. bone

    bone ET Sponsor

    Goldman Sachs expects S&P 500 firms to spend $940 billion on buybacks in 2019.

    The S&P 500 spent $806B on buybacks in 2018.

    Both records.

    And people think the Fed had big guns :D

    Of course, the Dems want to attach all kinds of social justice conditions and provisions to share buybacks :confused:
     
    Last edited: Aug 13, 2019
  9. Specterx

    Specterx

    It's all a joke. Trump blusters and blathers but ultimately folds like a house of cards at the slightest pushback.

    It should be totally irrelevant to us whether China "agrees to a deal" or not. Tariffs will redress the trade balance and indirectly reduce IP theft, by cutting US investment in China. If they can live with the tariffs, then problem solved; if they want to come to the table and play ball with us, that's also fine.

    Given the situation in Hong Kong, now is the time to turn up the heat and push hard on a range of economic, diplomatic and geopolitical fronts - from the Senkakus to Taiwan to the South China Sea, to the broader trade dispute, The U.S. will of course drop the ball, as it typically does and has been for the last thirty years...
     
    apdxyk and Seaweed like this.
  10. bone

    bone ET Sponsor

    Now that Trump has pulled the trigger on “the dirty deed” I have not seen anything coming from the Democratic Party to suggest that they would be any easier on China.
     
    #10     Aug 13, 2019
    dozu888 likes this.