Chinese brutally taunt Trump over his failing trade war: He has ‘not made America great again’ According to a report at Business Insider, the Chinese government claims it has made its last offer on a trade agreement with the U.S., while at the same time ridiculing President Donald Trump for being on the losing end of the trade war he began. “On Sunday, a senior Chinese official made a series of statements outlining the Chinese government’s terms for negotiation and pushed back on the United States’ use of pressure to force concessions,” the report begins before stating that Vice Commerce Minister Wang Shouwen, issued a statement saying, “During the consultations, China has overcome many difficulties and put forward pragmatic solutions. However, the U.S. has backtracked, and when you give them an inch, they want a yard.” The report goes on to state that a white paper submitted along with Wang’s comments took a pointed dig at President Donald Trump by turning his favorite phrase back on him. The trade war has not “made America great again,” and has instead ravaged U.S. farmers and manufacturers alike the official Chinese government document claims. You can read more here.
Trump fail: Economist predicts president’s trade war will plunge global economy into a major recession within nine months According to a report at Bloomberg, the chief economist at a major investment firm is warning the investment community that they are not taking President Donald Trump’s trade war seriously and that it may cause a cataclysmic global recession if he doesn’t back off. “A recession could begin in as soon as nine months if President Donald Trump pushes to impose 25% tariffs on additional $300 billion of Chinese imports and China retaliates with its own countermeasures, according to Chetan Ahya, chief economist and global head of economics at Morgan Stanley,” Bloomberg is reporting, while noting that stock market just had its worst month of the year According to Ahya’s Sunday cautionary note, “Growth will suffer as costs increase, customer demand slows and companies reduce capital spending.” According to Ahya, holding off the recession may already an impossible task at this late date, stating, “As the negative effects of the tariffs become more apparent, it may be too late for political action,” Bloomberg reports.
The fact that you put any value in anything an “economist predicts” shows you’ve never traded in your life. I knew it all along spikey.
I know when it comes to economics you'd rather listen to Trump than to JP Morgan's economics team , but do the following mathematical calculations and compare them to the closing price of Fridays S&P500 .(May31) Then tell me i'm not a trader or know shit about trading. I can show you charts and strategies that will blow your little head right off it's socket , dumb-ass , and yes . . . . . use a calculator. 50.35 / 0.01829 = 0.973516 / 0.0003537 = 0.999985 / 0.0003634 = 0.01845 / 0.000006704 = 0.01892 / 0.000006875 =
China has given squat! The US has given them most favored nation status started by Richard Nixon. Since, then, the Chinese have taken all the trade advantages given them by the Democrats and RINO liberals. That is being remedied now. The Chinese could destroy their entire economy and nobody will lose sleep over it! I hope they do not come to the table and sign a fair trade deal! A US-China split, will favor the US and destroy China permanently. Just leave the 25% tariffs on all Chinese products and be done with it!
It's a good thing MS doesn't have any conflicts, or I might suspect they are talking their book here. Or doing what their Chinese masters tell them to, like Feinstein and Biden do. We have been warned since before the election that Trump would destroy the economy, stockmarket, etc. It didn't work out that way. Today's action is more related to the DOJ FINALLY looking into GOOG's outrageous misconduct.