Market reaction to Trump's China tariffs? DOW crashes over 700 points!!!

Actually, lmao, yes there are. Even if oil sells at different prices in different countries, there is still a global price for what oil sells at per barrel.

Actually, they do, which is exactly why they use them.

Oh yeah, what time period was that? Because I'm pretty sure the most prosperous time for the US is like... now.

Borat during Pelosi's crumbs comments - "Aw man, these liberal yucks are so out of touch with the average American, $1,000 is a LOT of money to people!!"

Borat when its pointed out that tariffs will raise prices for Americans - "Get over it!"

Stay consistent.

 

Yeah that was a tough one. Could have gotten anyone really.

I wasn't wrong, you just lack the ability to comprehend.

I tried to just give you that one to make you feel better, but now I just have to embarrass you.

Here's what I said.

I said it's been 6000 points higher than it ever has been, and it still is.

Clearly when you say it's 6000 points higher, you have to look down 6000 points to see where it was before, and see if it ever exceeded that at a prior date. It's actually been 8000 points higher than it ever was, but we're now at 6000 higher than it ever was before.

Go, take some time with that, try hard to digest it.

Other people understand it, I'm sure you can too.

 

It seems like there should be a weak one at least. Other countries can buy our stuff for fewer Yuan or whatever. Of course it takes more $ to buy their stuff so maybe the only net result is to screw up the trade balance a little.

 

You've acknowledged that even globally priced oil does not have a 'global' price when it comes to actual transactions... As far as goods and services are concerned, the fluctuations are infinitely bigger and much more widespread depending on local conditions

You've acknowledged that there is no inflation now and that you have zero evidence of future inflation. I did not say "get over it", I said this was a figment of your imagination and you haven't produced a shred of solid evidence demonstrating that it isn't.

 

Uh, no, it really isn't because the highest it has ever been was 26,616, which it is 3,000 points LOWER than 26,616.

HAS BEEN = Present Perfect

https://www.ef.edu/english-resources/english-grammar/present-perfect/

"An action or situation that started in the past and continues in the present."

If you wanted to make the stopping point when Trump took office, you should've said it is still 6,000 points higher than it ever WAS, which is exactly why you changed it in the above.

It's not my fault that you're bad at English.

 

Obama denied NOTHING!

http://www.businessinsider.com/mitc...wn-russian-election-meddling-statement-2018-3

 

I know, let's ask Obama.

 

Lmao, it still has a global origination price. Just because it changes prices as the product or service goes through the system doesn't mean that there isn't a starting point.

We have quite the array of evidence that tariffs raise prices, but no, we don't have evidence yet for this SPECIFIC occasion clearly. But you do you, BooBoo, I'm going to assume that when I whack a bee-hive with a stick that it's going to have some sort of visceral and painful reaction, you just assume it won't. That's probably really smart.

 

Starting point my tail... LOL, like I said, the prices of goods and services vary widely depending on local conditions and your oil example proves, not debunks my claim. Lest we forget that 99.99% of goods and services sold world wide don't trade on exchanges and don't have a starting point.

The proof is in the pudding, not in theories about the pudding and you've produced no pudding yet. There is indisputable evidence though that tariffs are good for China and Europe so they can't be too bad for the US either.

 

First off, not sure where you think that only .01% of goods and services sold worldwide are sold at exchanges. Seems made-up. Even domestically there are still exchanges.

Secondly, what in the world is even your point? Of course prices change as a product/service moves through a system, we're talking about tariffs, pretty sure that's a given in the discussion. I don't, however, see what your point is in pointing out an economic truism.

The fact that tariffs exist isn't an argument for them being good, lmao.

 

Keep playing with your slide rule and trying to be right about something finally.

 

My point is that prices are not static and are driven by supply and demand and thus Chinese manufacturers subjected to tariffs may well be forced to lower their margins (astronomical margins lest we forget) in order to continue competing on the American consumer market.

Well, tariff based Chinese and European economies are booming and are racking up humongous trade surpluses while we are trillions in the red. Sorry dude, facts are totally against you but by all means don't let them interfere with your Trump hate.

 

Let me get this straight because "lowering their margins" in this context doesn't make any sense. Are you saying that Chinese producers would INCREASE their prices in reaction to a tariff? Because that doesn't make any sense as a reaction. If anything they would LOWER prices, which would accomplish the OPPOSITE of what we want from the Chinese.

The Chinese economy is artificially booming because it can produce products at a massive scale for a subsidized price at a reduced cost of labor. That's what you're trying to accomplish for the United States, a race to the bottom? That makes no sense. And while instituting tariffs may reduce our trade deficit, it also negatively impacts the economy in other ways including in investment AND consumption. So, congrats, you're "fixing" one aspect of GDP while fire-bombing the others.

 

China and many of our trading "partners" have substantial tariffs against us, and guess what? Fair is fair!

China has set tariffs for motorcycles in the amount of 30% to 45%, depending on the cubic size of the engine. (World Trade Organization database.) Chinese car tariffs are 25%. Therefore, on the roads of China, you will see neither Harley-Davidson motorcycles nor Ford trucks. In total, China has set about 300 different tariffs for American cars, buses, trucks, and spare parts for them.

And weird thing... you never said crap!

https://www.americanthinker.com/articles/2018/03/to_tariff_or_not_to_tariff_trumps_answer.html

 

We have tariffs too. It's when you upset the apple cart that you get problems.

 

Huh? I am not quite sure what you are trying to say but if we slap tariffs on Chinese goods and services, it's extremely likely that they won't be able to raise prices due to competition and will have to settle for smaller profit margins just to stay competitive.

This strawman has nothing to do with our discussion. The point of which is - tariffs slapped by China on foreign countries don't stifle its economic growth and instead stimulate the skyrocketing growth of domestic industries, that we've been observing for a few decades now. The tariffs slapped (under different names) by Euros on US goods and services don't prevent them from growing their economies and enjoying enormous trade surpluses in the process.

 

according to which fuzzy math?

 

Uh oh, Russians

 

The US sells a lot of cars in China. They just don't ship them to China. Kind of like Toyota or BMW does in the US.
Witness the latest annual report from General Motors, which sells more cars in China (3.9 million) than in the US (3 million) and saw its China business grow 13% last year; one in 10 cars sold in China was a GM. “Maintaining good relations with our joint venture partners, which are affiliated with the Chinese government, is an important part of our China growth strategy,” the report said. Ford, meanwhile, earned $1.5 billion in China last year, and estimates that it has 4.2% of the market.

https://qz.com/938648/if-us-trade-with-china-is-so-unfair-why-is-gm-the-best-selling-car-there/

 

Sure. So nothing wrong with hitting them with tariffs, just like they hit us with tariffs.

It's been two weeks since the new tariffs for steel and aluminum were signed by President Trump and the promised apocalypse of the world tariff war did not happen. The reaction of America's leading trading partners somehow turned out to be muted and unconvincing and, in many cases, just nothing, as if nothing had happened.

Most of the world has been imposing tariffs on American products for decades. A tough tariff war against American industry has been going on since the time of the emergence of the European Union.

Steel in China has long had tariffs, 10% for rolled steel products and the tariff for aluminum is up to 25%.

The European Union has set tariffs for cars at 10%, for trucks at 15.8%. In Europe, everything that moves – bicycles, motorcycles, tractors, and buses – is tariffed. In total, Europe has set more than 250 tariffs for land transport, more than 250 tariffs for various vegetables (up to 14.4%), and more than 200 tariffs for multiple types of meat (up to 15.4%).

https://www.americanthinker.com/art...ot_to_tariff_trumps_answer.html#ixzz5AdGM8Kel


And funny thing, you never said squat!

 

They are so good For Europe and China that they are already planning to slap tarrifs on US goods.

WINNING WINNING WINNING!

Inflation double digit be the end of the year if the Jolly Orange Fatman does not back off his tariffs....

 

They are planning ridiculously symbolic face saving gestures, Europe will slap tariffs on US whiskey (because that's what they drink in Scotland and Ireland) and China promises tariffs $3 billion worth of goods in response to the US tariffs on $50 billion worth of goods. They already don't buy American so they are terrified of trade wars infinitely more than we are.

Yes. Another campaign promise delivered. The stock market is 30% up since Trump took over, the country enjoys full employment and tariffs will lead to unprecedented growth of domestic industries.

Yawn, if you say so. your ilk has been 100% wrong on absolutely everything for the last 3 years and they still can't stop spewing idiotic predictions. Truly some people never learn.

 

that will be gone within 6 months.

 

that's not just wishful thinking, its downright delusional.

 

Right...let's see if they slap his orange wrist....the markets don't think so....