1. The following are excerpts from a news report by Francesca Chambers, White House correspondent for DailyMail.com, posted on 7 December 2018 under the headline "Trump says 'China talks are going very well' as he tries to avoid another stock-market roller coaster amid trade war panic". (Begin excerpts) President Donald Trump attempted to settle stock market jitters Friday morning after traders nearly wiped out the year's gains following the White House's threat of an all-out trade brawl with China. The Dow was down nearly another 500 points to 24,450 in the mid-afternoon as uncertainty over trade negotiations continued. Before departing the White House for a law enforcement event in Kansas City, the president reassured investors with a tweet that said: 'China talks are going very well!’ Trump sent the market into a downward spiral this week as he declared himself a 'tariffs man' and said he'd be just fine doubling or even quadrupling $200 billion in penalties on imports from China at the end of a three-month window for talks. He later insisted that he was sincere in his interest in striking a trade accord with Beijing, just as he believes that China's Xi Jinping genuinely wants to broker one. His muddled message -- amplified by conflicting claims among his chief economic advisers -- sent shivers through the business world.... A weaker than expected November jobs report was also a factor in the market's performance. Analysts had hoped for 200,000 or more new jobs heading into the holiday season, but the Labor Department put the monthly number at 155,000.... 'We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN,' Trump said in messages. 'Let the negotiations begin. MAKE AMERICA GREAT AGAIN!' Trump's tweets sent the market plunging. The Dow fell throughout the morning and was down by more than 700 points by early afternoon. Stocks recovered but dived again on Friday, closing 558.72 points down. (End excerpts) https://twitter.com/realDonaldTrump/status/1071030014123098112 Source: https://www.dailymail.co.uk/news/ar...lks-going-tries-avoid-stock-market-panic.html 2. The Jekyll-and-Hyde US leader has obviously overlooked the purchasing power of the Chinese population. Once the Chinese population views the US as the "new hegemonic imperial Japan of this century", there will certainly be a tremendous backlash in the form of a silent boycott of American goods. In such circumstances, Trump can hold a thousand trade talks with his Chinese counterpart or tweet a thousand times about his Trumpian friendship with the Chinese leader or tweet a thousand times claiming that “China talks are going very well!", but all these will come to naught. Buying American goods does not depend on a small group of people but the majority of the Chinese population of 1.4 billion. When one fifth of mankind are infuriated with America for treating them like colonial subjects by "plucking" them like cherries at will for sentencing in the US, the resulting backlash will definitely be a force to be reckoned with. In such circumstances, even if the Chinese government buys a lot of agricultural products from America, it won't find much demand from the general public. In the end, tons and tons of rotten US agricultural products will be dumped into the choppy waters of geopolitical conflicts, followed in quick succession by the plunging Dow and US economy.
