Trump: China called the WH to negotiate and we will be ‘getting back to the table’

Discussion in 'Wall St. News' started by SteveM, Aug 26, 2019.

  1. SteveM

    SteveM

    https://www.cnbc.com/2019/08/26/g7-donald-trump-says-china-ready-to-negotiate-on-trade-war.html

    SAINT-JEAN-DE-LUZ, France — President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.

    Speaking at the G-7 summit in Biarritz in France, Trump praised Chinese President Xi Jinping and welcomed his desire for a deal.


    “China called last night our top trade people and said ‘let’s get back to the table’ so we will be getting back to the table and I think they want to do something. They have been hurt very badly but they understand this is the right thing to do and I have great respect for it. This is a very positive development for the world,” Trump said.

    “They’ve been hurt very badly but they understand this is the right thing to do,” he said.

    “I think we are going to have a deal,” he added. “They have supply chains that are unbelievably intricate and people are all leaving and they are going to other countries, including the United States by the way, we are going to get a lot of them too”

    On Sunday, Trump said the U.S. and China were getting along very well and were talking.

    “Actually we are getting along very well with China right now, we are talking. I think they want to make a deal much more than I do. I’m getting a lot of money in tariffs its coming in by the billions. We’ve never gotten 10 cents from China, so we will see what happens,” Trump said on Sunday.


    Before leaving for the G-7, Trump said he would raise existing duties on $250 billion in Chinese products to 30% from 25% on Oct. 1. Additionally, he said, tariffs on another $300 billion of Chinese goods, which start to take effect on Sept. 1, will now be 15% instead of 10%.

    At the G-7, Trump said Sunday he could declare the escalating U.S.-China trade war as a national emergency if he wanted to. “In many ways this is an emergency,” Trump said of the ongoing trade battle.

    “I could declare a national emergency, I think when they steal and take out and intellectual property theft anywhere from $300 billion to $500 billion a year and when we have a total lost of almost a trillion dollars a year for many years,” Trump said, adding that he had no plan right now to call for a national emergency.

    U.S. Treasury Secretary Steven Mnuchin doubled down on the White House’s latest punch in the trade war by calling out Beijing for unfair trade practices. “We do not have free trade with them,” Mnuchin said Sunday on the sidelines of the G-7 meeting in France.

    “It’s a one way street: They have free entrance into our markets, our investments, our companies and we do not have the same thing there. That’s the only reason why we are in this situation with China. If China would agree to a fair and balanced relationship, we would sign that deal in a second,” he added.
     
  2. Hard to trust Trump anymore. He flip flops too many times. He may be the President but trust needs to be earned. He has lost it. He is like a salesman who only talk about the good things to support his sales case.
     
    FriskyCat and SteveM like this.
  3. “Actually we are getting along very well with China right now, we are talking. I think they want to make a deal much more than I do. I’m getting a lot of money in tariffs its coming in by the billions. We’ve never gotten 10 cents from China, so we will see what happens,” Trump said on Sunday.

    -> Hours before he almost had a seizure when China announced more tariffs and when he in an infuriated state of mind also announced higher tariffs.

    I bet that in a few hours he will wake up to 7.15 CNY per dollar and state the exact opposite of what he just tweeted.

    What a moron!!!
     
  4. ALL OF US WILL BE WIPED OUT if he uses the nuclear switch the way he tweets.
     
    Last edited: Aug 26, 2019
  5. S2007S

    S2007S

    More pathetic lies again. They aren't "getting back to the table" they keep making it seem that negotiations are so close when in fact they haven't even begun.



    Trump said this before markets open just to reverse the negative -200+ Dow future opening. He was going to say anything to put the markets back in the green before the open.
     
  6. Cuddles

    Cuddles

    inb4 China puts out statement saying they never called the WH and cheeto retaliates with more tariffs over the humiliation.
     
    Metamega, SPX Blaster and SteveM like this.
  7. S2007S

    S2007S

    Does anyone actually believe this....
    Does anyone actually believe china called, trump is really trying to save the market from free fall!!


    “China called last night our top trade people and said ‘let’s get back to the table’ so we will be getting back to the table and I think they want to do something. They have been hurt very badly but they understand this is the right thing to do and I have great respect for it. This is a very positive development for the world,” Trump said."
     
    comagnum likes this.
  8. themickey

    themickey

    I agree with Trump's behavior, the first casualty of war is truth, China has been pulling the wool over the eyes of the world for years, the only way to combat it is play the same game.
    Trump is a master strategist, he is smarter than most people give credit.
    He talks bs, so he should, keeps his opponents on the back foot.
    You guys should be pleased to have a fighter fighting your cause, the time for pansy talk with China is over.
    When those fuckers placed missile batteries in Spratleys, South China Sea, they fucked themselves up big time,
    GO TRUMP!!!
    Never mind about the markets nose diving, they were going to anyway, don't make Trump the scapegoat, markets go up, they go down, if you don't like it fuck off and stop trading!
    GO GET'EM TRUMP!
    canelo.jpg
     
  9. You really are the mickey :D

     
    themickey likes this.
  10. luisHK

    luisHK

    Can t say I m a big Trump fan, but we can hope the next president follows up with a hard line on China. It would be better if US would coordinate with Europe but that s still a long way off, EU companies sell huge amounts to Chinese and western Europeans view Trump America quite negatively afaik
     
    #10     Aug 26, 2019
    d08, Cuddles, LS1Z28 and 1 other person like this.