Trump readying tariffs on additional 300 billion of Chinese goods

Discussion in 'Economics' started by Cuddles, Aug 1, 2019.

  1. kj5159

    kj5159

    This fucked a great AAPL trade I have out of nowhere...still not sure how to handle it.
     
    #11     Aug 2, 2019
  2. Cuddles

    Cuddles

    winning

    https://www.cnbc.com/2019/08/05/chi...n-retaliation-for-trumps-tariff-increase.html

    China reportedly halts US agricultural imports in retaliation for Trump’s tariff increase

    • China has halted imports of U.S. agricultural products, Bloomberg News reported.
    • Last week, Trump announced the addition of 10% tariffs on another $300 billion in Chinese goods after Trump said China didn’t follow through with its promise to begin purchasing farmers’ products.
    • Trump has ordered up a $16 billion aid package to U.S. farmers to help them during the trade battle.
     
    #12     Aug 5, 2019
  3. volpri

    volpri

    Yep tightening the screws down. Gonna get an even better deal. China reneged ..China will pay. If they react it is because they are feeling the pain. They will eventually cave. Finally we have a president who is going to fight for fair deals for America. FINALLY!

    Game over. China can no longer game the system.......they are used to American leaders buckling under and folding. Not this time!
     
    Last edited: Aug 5, 2019
    #13     Aug 5, 2019
  4. Cuddles

    Cuddles

    So delusional
     
    #14     Aug 5, 2019
  5. Cuddles

    Cuddles

    https://www.cnbc.com/2019/08/05/chi...chases-in-response-to-trumps-new-tariffs.html

    China confirms it is suspending agricultural product purchases in response to Trump’s new tariffs

    • A spokesperson for the Chinese Ministry of Commerce says Chinese companies have stopped purchasing U.S. agricultural products in response to President Trump’s new 10% tariffs on $300 billion of Chinese goods.
    • “This is a serious violation of the meeting between the heads of state of China and the United States,” the Minister of Commerce says in a statement Monday.
    • Reports of China pulling out of U.S. agriculture helped exacerbate fears on Wall Street pushing stocks to their worst day of the year. Now that China confirmed the reports, it could add to pressure on equities.
     
    #15     Aug 5, 2019
  6. volpri

    volpri

    LOL.....SO REALISTIC. Mr T is fixin the problem.
     
    #16     Aug 5, 2019
  7. carrer

    carrer

    China was threatening with their rare earth, but they didn't go for it. I wonder why.
     
    #17     Aug 6, 2019