Haaaaa. Delay tariffs because of Christmas shopping??

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

 

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.

 

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

And Tiananmen 2.0 would be economic suicide for China.

 

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

 

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

 

According to GS - Corporate Treasurers have been snapping up these dips for share buybacks.

 

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

 

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

Of course, the Dems want to attach all kinds of social justice conditions and provisions to share buybacks

 

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...

 

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.