Trump's trade war with China

Bla bla bla

 

Go Trump! China has been waging war against us for 30+ years. Trump is the only one with the balls to take them on. Wimps want to go back to being China’s butt boy.

 

Looking at the DJIA SP500 charts you come away with a "Yeah the long term trend looks up but we're into some support problems at 26,000. Lots of volatility. Consumer spending looks solid but other fundamentals, not so hot.

One comes away with a real mixed bag and the market seems to be feeling it. Who knows? Place your bets, I'll pass thank you.

 

Obviously, you are talking about Trump.

Sure sign of desperation.

You are trying to change the subject, This thread is all about Trump's disastrous trade war with China. If you have investment accounts, you have lost a good deal of principle since March. Your hero did that to you.

Right now the Dow is up 240 points following a loss of 173 yesterday. For the third straight week, the market is all over the place, including the worst week of 2019 and two of the worst days of 2019.

The Dow stands at 26,203. On March 15, it was at 25,710. That is an advance of less than 500 points in five months. Trump's trade war with China started in March.

No wonder you want to change the subject.

 

Yes, and, as a result, the U.S.has the largest, most powerful economy in the economic history of the world, and we have full employment. Our economy is at least 20% larger than China's. It stands to reason we will run a trade deficit with China. Trump won't tell you this, and you, obviously, haven't figured it out yet. Because our economy is much larger than China's, American consumers buy more than Chinese consumers. Duh! Naturally, we buy more goods than China. Duh!

Trump's tariffs are a solution in search of a problem.

 

That is not the problem. The problem is that China charges a higher tariff on our goods than we do on theirs and they steal our intellectual property. It is simply not right. We are not playing on a level playing field.

 

News flash ! The market goes up .... the market goes down .... wow your a genius ... keep up the great work .... just ask yourself...

 

Our economy would be double that of China if they played by the rules.

 

Yup, and because of Trump's trade war with China, it has been mostly down.

"The Dow stands at 26,203. On March 15, it was at 25,710. That is an advance of less than 500 points in five months. Trump's trade war with China started in March."

Do you ever support Trump? All you do is mug those who report what Trump says and does. If you don't like what Trump says and does, shouldn't you be blaming him, not those who tell the truth about him?

Think about that. Think about what you are doing.

 

Someone said earlier that Trump is playing checkers and the Chinese are playing chess. It appears that you are playing checkers and Trump is playing chess. Trump is looking at the game in the long run. You are looking at it in the short run. The idea is to force the Chinese to play by the rules. After not playing by the rules for decades, there is no reason to believe they will change in just a few months.

 

Boo hoo.... sell then...

 

That's all you can say. Yup, you voted for Trump alright.

 

The U.S.has the largest, most powerful economy in the economic history of the world, and we have full employment. We have had the largest economy in the world for the past 70 years. Our economy is at least 20% larger than China's. It stands to reason we will run a trade deficit with China. Trump won't tell you this, and you, obviously, haven't figured it out yet. Because our economy is much larger than China's, American consumers buy more than Chinese consumers. Duh! Naturally, we buy more goods than China. Duh!

Trump's tariffs are a solution in search of a problem.

You are believing Trump's lies. When it comes to his trade war, you should listen to what he says about a possible recession. He has given billions in welfare to farmers. They don't want welfare. They want a level playing field, and Trump won't give it to him. He spoke about a payroll tax deduction the other day. He wants the Fed to lower interest rates.

“Indexing (capital gains) is something that a lot of people have liked for a long time,” Trump said on Tuesday.

The Bureau of Labor Statistics has just disclosed it overstated job growth for 2018 and early 2019 by over 500,000 jobs.

Trump is concerned about a recession. High tariffs cause high prices cause inflation cause recession. You don't have to be playing chess to understand all that. It's Econ 101.

Trump has been President for nearly 2 1/2 years. Why is it with him all the good stuff is always sometime in the future while present sucks?

 

The bug DUH is that you do not realize we could do a lot better. I want to do a lot better than our enemy.

 

Well ill tell ya , you say an awful lot but what do you really say ? Nothing . Yup , you voted for bebop obama alright.

 

But..........."trade wars are easy to win." When does all the winning start?

China to retaliate with new tariffs on another $75 billion worth of US goods, including autos
https://www.cnbc.com/2019/08/23/chi...-on-another-75-billion-worth-of-us-goods.html

 

You mean like all the democrat promises starting with Lyndon Johnson promising to end poverty?

 

Uh-oh, here we go again. After some minor gains and some minor losses, the Dow is down over 515 points and the Nasdaq is off, too, over 200 points.
Currently the Dow stands at 25,730. That is 20 points higher than we were five months ago when Trump started his trade war with China.

Yes, I would like us to do better, too. What you don't understand is, Trump will not allow it. Despite members of his staff arguing against his trade war, despite leaders of his party arguing against his trade war, despite CEO's and economic experts arguing against his trade war, Trump will never admit that he was wrong when he started this trade war.

Although, in effect he admitted he was wrong when he postponed his disastrous 10% tariff on $300B of Chinese consumer goods.

You are backing a loser. You are smarter than that. Or, perhaps, you facilitate my making some good points. If that is the case, thank you.

 

Trump did it again. This is surreal.

President Donald Trump appears to have sent the stock market into a dive with a few flicks of his fingers, as the Dow Jones Industrial Average plunged over 200 points in just five minutes following a series of unhinged tweets attacking China and Federal Reserve Chairman Jerome Powell.

At 10:57 Friday morning, Trump posted a tweet in which he asked “who is our bigger enemy, Jay Powell or Chairman Xi?”

Then two minutes later, Trump posted a series of tweets ranting against China in which he said, among other things, that “We don’t need China and, frankly, would be far better off without them,” and that American companies are “hereby ordered to immediately start looking for an alternative to China.”


https://www.mediaite.com/news/stock...5-minutes-after-trumps-stunning-china-tweets/

We are reminded that Putin wanted this man to become our President. No doubt, Putin is quite happy with his choice.

 

It is not about "now". It is about the future.

 

These are final results of our day on Wall Street. Trump's precipitated drop on stocks is far worse than earlier. The Dow ended up off 623 points, reducing the Dow to 25,629. that is 81 points below March 15 when Trump started his trade war with China. The Nasdaq was off 240 points and the S&P 76.

What does all that mean? Because of Trump's tweets today, for the fourth time in a month, he cost millions of Americans to permanently lose principle in their retirement investment accounts. There are many doubters of that statement, but here is how that works.

It is really quite simple. It is 4th grade math.

An IRA has $100,000 dollars in it. Because of Trump's announcement the account loses $5,000. So now the account is down to $95,000. Follow me so far?

Due to market changes, at some point the account gains $5,000. So now the account is back up to $100,000. So, the account didn't lose money. Right?

WRONG! If the account had not lost the money in the first place, when market changes caused it to gain $5,000, the account would have $105,000 in it, not $100,000. The $5,000 lost because of Trump is permanent.

Sorry about that. I mean it. I lost, too, but I'm mostly in bonds. Too old to gamble.

Now I know what some are going to say. Some will say that is ridiculous or something similar. Some will lecture me on the stock market and investing. But no will be able to tell me why the 4th grade math is ridiculous or something similar. That's because the 4th grade math is right on.

Some will say, "Nothing is permanent until it is sold." That argument is made to counter selling stocks because of a downward trend. It has nothing to do with loss of principle, which is what I am talking about.

Thank you Mr. President. I look forward to your next tweet. Praise the Lord. It is the weekend. Trump can't do anymore damage until Monday.

 

Trump just made matters far worse. To him, this is a zero sum game. He simply doesn't care.




Donald J. Trump ✔ @realDonaldTrump


Replying to @realDonaldTrump
...unfair Trading Relationship. China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (politically motivated!). Starting on October 1st, the 250 BILLION DOLLARS of goods and products from China, currently being taxed at 25%, will be taxed at 30%...



Donald J. Trump ✔ @realDonaldTrump


Replying to @realDonaldTrump
...Additionally, the remaining 300 BILLION DOLLARS of goods and products from China, that was being taxed from September 1st at 10%, will now be taxed at 15%. Thank you for your attention to this matter!

Did Trump forget he postponed the September 1st tariffs until December 15th?

If he imposes what now is a 15% tariff on popular goods like computers, cellphones, sporting gear, clothing, tennis shoes, etc. Trump can kiss his reelection goodby along with several Republican Senators and representatives.

Trump waited until the market closed before sending those tweets.

 

"Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing ... your companies HOME and making your products in the USA," Trump tweeted.

Trump can't order businesses to do a damn thing. We don't live in a socialist state.

 

Trump fans have had enough. Their boy really screwed the pooch this time. I am not looking forward to Monday. I have investments, too. Fortunately, it is just one account. Most of my savings is in other accounts, not stocks.