Chinese Ministry of Commerce: We will sign the trade deal in Washington next week

[yota691]

Goldman Sachs: Growing concerns that China-US trade war could lead to recession

Economy | 09:40 - 12/08/2019

 

 

 

 

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Goldman Sachs said on Sunday that fears are growing that the trade war between the United States and China lead to a recession and that the bank no longer expects to reach a commercial agreement between the two largest economies in the world before the US presidential election in 2020 , the 
bank said in a note sent to its customers , "We expect the entry into force Tariffs target the rest of the $ 300 billion US imports from China. ” 
US President Donald Trump announced on August 1 that he would impose a 10 percent tariff on a final batch of $ 300 billion in Chinese imports on September 1, prompting China to stop buying US agricultural products.
The United States also announced that China was manipulating the currency. China denies manipulating the yuan to make competitive gains. The trade dispute revolves around issues such as tariffs, subsidies, technology, intellectual property and cyber security, among others. Goldman Sachs said it would cut its forecast for US growth in the fourth quarter by 20 basis points to 1.8 percent, a larger-than-expected impact of developments in trade tensions.

[yota691]

Why oil markets are afraid of currency war?

- One Hour Has Passed

A currency war is directly affecting demand in the oil market, as a stronger dollar makes oil expensive for other countries, according to a report by Oil Press.

The report added to its owner Nick Cunningham that the currency war also imposes an immediate impact on the pricing for consumers, which explains the reversal of oil prices move towards the dollar.

But the demand for oil is also slowing down because of wider economic problems. Trade war and deteriorating global economic conditions are exacerbating lower prices.

It is no coincidence that the price of crude oil fell by 5% last Wednesday, before reducing its losses after the sudden cuts in interest rates by several central banks, following the devaluation of the Chinese yuan.

On Monday, the Chinese yuan was devalued to seven yuan against the US dollar, angering the US government, which announced that Beijing was manipulating the currency.

Fears of deeper decline 
The threat of currency war has raised fears of a deeper decline in the return of the global economy, which will obviously be largely negative on the demand in the oil market.

"Not everyone thinks the oil market is in crisis. Commerzbank said in a note that what the oil market is going through is exaggerated. Demand is not weak enough to justify the current price."

It is noteworthy that oil prices rose last Friday, supported by a decline in European inventories and production cuts led by OPEC, despite the report of the International Energy Agency, which showed the lowest level of demand growth since the global financial crisis 2008, according to Reuters. However, oil prices remain 20% below their peak this year, recorded in April.

Central banks in India, New Zealand and Thailand have cut interest rates, part of a series of precautionary measures to protect their economies and exports from the fallout from the US-China trade war.

"In fact, cutting interest rates is a clear indication that the battle between Washington and Beijing is a threat to the global economy," he said.

The US Federal Reserve cut interest rates a quarter percentage point for the first time in 11 years.

High US tariffs on China will slow the economy in both countries, but the Chinese government may address the threat by devaluing its currency in a bid to counter the fallout from tariffs.

The Chinese central bank has so far refrained from allowing further devaluation because of the potential risks.

Pressure on Emerging Markets 
The sudden devaluation of the yuan is likely to put enormous pressure on other emerging markets, given the importance of the Chinese economy to the global economic system, and the interdependent nature of the currency market and the close relationship between the dollar and the yuan, which plays a central role in policy control. Global cash on the other.

With some currencies depreciating, the pressure on other currencies is increasing. The danger is to open the way for a frequent race to allow the currency to fall, eventually leading to a currency war.

The dollar, the world's dominant reserve currency, is a safe haven from liquid assets, so capital tends to take shelter in dollars during crises, and this figure is especially prominent when other currencies depreciate.

Source: Websites, American Press

[yota691]

Evo: The outlook for the global economy has deteriorated in light of the escalating trade dispute

Economy | 01:33 - 12/08/2019

 

 

 

 

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Economic prospects deteriorated in all parts of the world during the summer due to the escalating trade dispute between the United States and China, a survey released on Monday showed. 
The German Ifo economic institute said its quarterly survey of 1,200 experts in more than 110 countries showed its measures of current conditions and economic outlook deteriorated in the third quarter. 
"Experts expect much weaker growth in global trade," said Clemens Fust, president of the institute, adding that trade expectations were at their lowest since the start of the tariff dispute last year. 
“Participants also expect greater weakness in private consumption, a larger reduction in investment activities and a decline in short and long-term interest rates,” he said.
US President Donald Trump said on Friday he was not ready for a trade deal with China that he even questioned a round of talks in September, stoking fears in financial markets that the dispute is unlikely to end soon.

[yota691]

China threatens to retaliate on imminent US tariffs

 15 August 2019 12:45 PM
Direct : China has threatened to retaliate if the United States continues its policy of further tariff increases, referring to duties to be applied to imports from Beijing starting next month.

The Chinese government said in a statement on Thursday it would take unspecified preventive measures, without giving details on those measures, according to the agency "Associated Press."

President Donald Trump's government plans to introduce 10 percent tariffs on Chinese imports from next month.

However, the United States announced this week that about 60 percent of those tariffs will be postponed until December.

 

[yota691]

China: We will have to take countermeasures in response to the latest US customs duties

Economy | 02:21 - 15/08/2019

 

 

 

Follow - up - the balance of News 
 Finance Ministry said on Thursday that China will have to take countermeasures inevitable in the face of the US decision to impose the latest tariffs on Chinese goods worth $ 300 billion. 
The ministry also said that the US customs duties violate understandings reached by the presidents of the two countries and deviate from the right path to settle disputes through negotiations. 
The United States said earlier this month it would impose tariffs on Chinese goods worth $ 300 billion from September 1, effectively covering all Chinese exports to the United States.
But US President Donald Trump backed away from part of the plan on Tuesday, postponing tariffs on some of the targeted items such as cell phones, laptops and some consumer goods, hoping to reduce the impact of duties on sales during the US holiday season. However, the duties will apply to those products from mid-December

[yota691]

China: We want to meet the United States halfway

 15 August 2019 08:11 PM
Direct: China expressed hopes to meet halfway with the United States on trade issues, remarks that eased market fears after reprisal threats.

"We hope to meet the US side in the middle of the road and implement the consensus reached by the two presidents during their meeting in Osaka," Chinese Foreign Ministry spokesman Hua Chuning said in remarks carried by CNBC on Thursday.

US President Donald Trump met with his Chinese counterpart Xi Jinping in Osaka, Japan, on the sidelines of the G20 summit in June, and reached a trade truce during which negotiations were held between the two sides in an effort to reach a trade agreement before it was later breached.

Earlier in the day, China said it may be forced to take measures to counter Trump's recent tariff threat.

"The Chinese side also hopes to seek common and mutually acceptable solutions through dialogue on the basis of equality and mutual respect," he said.

Earlier, China's State Council tariff committee said the US cartoons seriously violated Trump and Xi's consensus at the G20 summit.

The United States suddenly decided to postpone tariffs on some Chinese goods to December instead of September 1.

The Chinese Ministry of Commerce said yesterday that trade negotiators from both sides had agreed to hold discussions again.

 

[yota691]

US Treasuries are heading for the best monthly performance since 2015

 16 August 2019 02:31 PM
Mubasher: US Treasuries are on track to record their best monthly performance since 2015, amid uncertainty among investors.

Bond markets are sending a warning message about the economic recession, with the rating agency Standard & Poor's warning investors that it is on high alert for the US economy.

The performance of stocks and government bonds on Friday was relatively stable after a volatile week of trading led by a mixture of growing risks centered on the impact of the trade dispute between the United States and China on global economic growth.

According to a recent report by Standard & Poor's, the risk of a US recession in the next 12 months has been heightened by unpredictability in terms of trade and deteriorating global conditions led by weak industrial activity.

The yield on 10-year US Treasuries fell 46 basis points in August so far, making it the biggest monthly decline since January 2015, according to Bloomberg data.

By 11:05 am, the yield on 10-year government debt rose to 1.559 percent.

 

[yota691]

Trump: Not ready to conclude a trade deal with China right now

 19 August 2019 12:57 PM
Direct US President and the leaders of the White House ruled out that economic growth has stalled, noting that they see there is little risk of a recession, as Donald Trump expressed his unwillingness to implement a trade agreement with China at the moment.

"The economy is working very well," said Donald Trump.

However, Trump expressed his unwillingness to conclude a trade agreement with China at the moment.

The president hinted that he would like Beijing to solve the Hong Kong crisis first.

White House economic adviser Larry Colorado said the trade representatives from the two countries would speak within 10 days. World Economic Forum.

"There is no risk of an economic recession on the horizon," he said.

Trump's remarks came after a stormy week in global markets, where the Dow lost 800 points in one week, and the US Treasury yield curve reversed, amid the release of negative economic data in a number of countries.

 

[yota691]

IMF: Competitive devaluation of currencies will not solve the economic crises of countries

 21 August 2019 09:43 PM
Direct: International Monetary Fund warned from the direction of governments to weaken their currencies through monetary easing or intervention in the market, noting that it would damage the work of the global monetary system and makes all countries worse off.

"Given the limited traditional monetary space of some advanced economies, this monetary easing channel has received considerable attention," said Jita Gopinath, chief economist at the International Monetary Fund and two other researchers in a blog on Wednesday.

"There should not be a strong belief in the view that easing monetary policy can weaken a nation's currency enough to achieve a continuous improvement in its trade balance by shifting spending," she said.

"It is unlikely that monetary policy alone will stimulate the substantial and sustained cuts needed to achieve this result."

The IMF considers that the effects of spending diversification on currency weakness are generally small. Over a 12-month period, a devaluation of 10 percent (against all currencies) improves the country's trade balance by about 0.3 percent of GDP in the near term.

The IMF comments come as global central bankers prepare to meet this week in Jackson Hole to discuss what monetary policy should be in light of recession fears. 

Concerns about a recent currency war between the United States and China have come as Washington has officially accused Beijing of currency manipulation after allowing the yuan to fall to its lowest level in a decade against the dollar.

 

[yota691]

Trump: "I am the person chosen to fix China's trade imbalances"

 22 August 2019 12:02 PM
Live : US President Donald Trump has called himself "God's chosen one" to address China's trade imbalances.

"This is not my trade war, it is the trade war that should have been going on for a long time," Trump told reporters on Wednesday.

"There was someone who was going to do that job," he said.

"People put me in that place, in order to carry out a great mission and what I do."

Trump stressed his confidence that he would win his trade war against China.

The United States is due to start implementing new tariffs against China by 10 percent next month.

The two countries are also due to resume trade talks next month.

 

[yota691]

China vows revenge for new US tariffs

 22 August 2019 01:36 PM
Direct : China announced that it hopes that the United States will stop its erroneous measures related to tariffs, stressing that any new measures will be implemented will lead to the escalation of the crisis.

A spokesman for the Chinese Ministry of Commerce said on Thursday that despite the US decision to postpone the application of tariffs on some Chinese goods, but if the United States to China objections to the wall and apply any new tariffs, China in this case will be forced to adopt retaliatory measures , According to Chinese television.

The United States announced earlier this month the imposition of tariffs on Chinese goods worth 300 billion dollars from September 1, but President Donald Trump decided last week to postpone the application of tariffs on some Chinese goods until mid-December.

The US Department of Commerce also decided this week to extend the license granted to "Huawei", which allows it to continue to buy American components for an additional three months.

Asked whether the Chinese vice premier would travel to the United States for the next round of talks, Jiu Feng said two trade teams from both sides were in contact.

 

[yota691]

China poised to announce retaliatory tariffs against Washington

 23 August 2019 03:08 PM
Direct : According to press reports that China soon will unveil a plan aimed at imposing retaliatory tariffs on specific American products.

China will take more retaliatory measures in response to US tariffs on Chinese goods worth $ 300 billion, the editor of the Global Times newspaper said on Twitter on Friday.

The United States is preparing to introduce new tariffs against Chinese imports worth 300 billion dollars, with the proportion of those duties 10 percent, part of which will be applied next month and the rest in mid-December.

Beijing will soon unveil a plan to apply retaliatory tariffs on certain products, Hu said, without elaborating.

A spokesman for the Chinese Ministry of Commerce yesterday threatened to apply retaliatory tariffs against the United States if Washington ignored Beijing's objections and applied new tariffs.

 

[yota691]

In response to Beijing's decision, Trump announces increased tariffs on Chinese goods

 24 August 2019 12:25 AM
From: Ahmed Shawky

Direct: US President Donald Trump said he would raise tariffs on Chinese goods in response to China 's determination to impose retaliatory tariffs.

China announced today its intention to impose tariffs on US goods worth 75 billion dollars, including cars and crude oil in response to Washington's tariffs, which will come into force next month.

The president said in several tweets via Twitter on Friday that the White House will raise the duties applied on Chinese products worth 250 billion dollars to 30 percent from 25 percent on October 1 next.

Trump also pointed to tariffs on other Chinese goods worth $ 300 billion, which are scheduled to start on September 1 next year will be 15 percent instead of 10 percent.

"For many years, China (and many other countries) has benefited from the United States in trade, intellectual property theft and much more. Our country has lost hundreds of billions of dollars a year because of China," he said.

Trump pointed out that previous administrations have allowed China to go so far in trade that it has become a huge burden on US taxpayers, adding: "I as president, I no longer allow this to happen."

The US president said: "Trade relationship is unfair with China and Beijing should not set a new tariff on 75 billion dollars of US products."

 

[yota691]

After raising Chinese import duties, Trump says he is ready to negotiate with Beijing

Economy | 08:37 - 24/08/2019

 

 

 

Follow - up - News balance 
US President Donald Trump announced on Saturday, following the lifting of customs duties on Chinese goods that it is still ready to negotiate with Beijing. 
"Let's see, what happens, I'm always open to negotiations," Trump told reporters before heading to the airport for the Group of Seven summit in France. 
Trump announced Friday that from September 1, the United States will raise tariffs on Chinese goods worth 300 billion dollars, not 10 percent, but 15 percent. 
Trump also ordered US companies to consider shutting down their operations in China and instead manufacturing more of their products in the United States on the back of rising trade tensions between the world's two largest economies.
Trump gave no details on how he would proceed with such an order, although he said he would respond later in the day to tariffs on US products announced by China today. 
On Friday, China imposed 10 and 5 percent surcharges on US products for 75 billion dollars a year. 
"The tariff committee of the State Council of China decided to impose additional tariffs on imports of US products by 10 and 5 percent at a value of 75 billion dollars," the State Council Sino-Commission said in a statement.

[yota691]

Trump's most remarkable remarks in a week: "The chosen person" attacks, retaliates and retreats

 25 August 2019 06:05 PM
From: Ahmed Shawky

Live: Over the past week, US President Donald Trump has made several statements that have sparked widespread reactions in global markets.

Trump enriched the world scene with his comments, most of which were an attack on the Fed as usual, and some in which he practiced his usual skirmishes with China.

In this report, Mubasher monitors Trump's comments last week.

'Apple president worried about losing competitive advantage with Samsung'

Last weekend, the US president said that Apple's CEO expressed concern about his main rival , Samsung, which could get an added advantage because of its products while Apple's products would be subject to tariffs.

Most Apple products imported from China will be subject to tariffs of around 10 percent in the coming weeks or months.

 

"No recession looms, unwilling to make deal with China"

Trump played down concerns that US economic growth has stalled despite the reversal of the US bond yield curve, noting that it is growing at a strong pace.

In his remarks last Sunday, Trump said: "China is ready to implement a trade agreement while I am not ready to do so."

"I don't want to deal with Huawei"

One of Trump's comments on Sunday was that he did not want to carry out projects with China's Huawei, despite Washington's extension of the grace period to buy US products for an additional 90 days.

"100 basis point cuts"

Despite the US central bank's rate cut last month, Trump continues to put pressure on the Fed and demanded a 1 percent rate cut and called for some quantitative easing.

Trump said on Twitter on Monday: "If this happens, our economy will be better and the global economy will be greatly enhanced and rapid for everyone."

 

"It is more appropriate for Russia to join the G7"

Days before the G7 summit this weekend, the US president backed Russia's return to the Group of Seven (G7), told reporters on Tuesday.

 Trump said: " I think it is more appropriate to join Russia, certainly I can see that it is the Group of Eight countries again."

Powell, the golfer who can't shoot the ball

Just 24 hours later, Trump renewed his attack on the Fed and its president, Jerome Powell, on Wednesday, saying they were the only problem for the US economy.

Trump described the Fed president as a golfer who couldn't shoot the ball, adding that the US central bank president was making the wrong decisions so far, saying: "It just fails us."

"How does Germany borrow at a negative interest while we pay?"

After Germany announced on Wednesday the sale of bonds at a negative yield for the first time ever, Trump came out on Twitter to express his dissatisfaction with the high interest rates paid by the United States to borrow through the bond market.

"Germany pays zero interest and actually gets money to borrow money while the US, which has a much more important and much stronger credit market, pays interest," Trump said.

"US economy strong, no need to cut taxes"

Trump said on Tuesday that the administration was considering new tax cuts , but one day later the US president reversed course.

"I'm not looking for tax cuts now , we don't need it. The US economy is strong," Trump told reporters on Wednesday .

 

"I am the chosen person"

Continuing a series of statements by the US president on Wednesday, Trump described himself as "God's chosen man" to repair trade imbalances with China.

"There was someone who would do the job," he said, then raised his head to the sky.

"Who is the greatest enemy of the United States Powell or President Xi?"

It seems that he will not cease to do so. He criticized the US Federal Reserve Chairman again on Friday, saying: "The Fed did not do anything as usual."

"My only question is, who is our biggest enemy, Jerome Powell, or Chinese President Xi?" Trump asked .

 

"US Companies Should Find Alternative to China"

In another tweet on Friday, it triggered a big sell-off in US stocks, with the Dow losing more than 600 points after Trump wrote it on Twitter.

The US president added that the United States does not need China, the situation would be better without it.

Trump said: "We ask our major US companies to begin immediately to search for an alternative to China, including the transfer of its business to the United States.

Trump later announced an increase in tariffs against Chinese goods after Beijing's decision to impose new tariffs on US imports.

 

"Increasing tariffs on all Chinese goods"

In retaliation for the Beijing decision, the US president announced his intention to raise the applicable tariffs on Chinese products worth $ 250 billion to 30 percent from 25 percent on October 1.

Trump also pointed out that the tariffs on other Chinese goods worth $ 300 billion, due to start on September 1, will rise to 15 percent instead of 10 percent.

 

[yota691]

China is ready to resolve the trade dispute with America through dialogue

Economy | 09:36 - 26/08/2019

 

 

 

Follow - up to the balance of News , 
she said Liu is the Deputy Prime Minister of China on Monday that Beijing was ready to resolve the trade dispute with the United States through quiet negotiations and that it strongly opposes the escalation of the conflict, according the government - backed newspaper reported. 
China's top trade negotiator Liu made the remarks at a technology conference in Chongqing, southwest China, the Chongqing Morning Post said. 
The comments came after US President Donald Trump announced last week a 5 percent surcharge on some $ 550 billion worth of Chinese goods, the latest move announced hours after China unveiled tariffs on 75 billion US products. $ 29 / s

[yota691]

Mnuchin: We will reach a deal soon if China agrees to a fair trade

 26 August 2019 03:41 PM
Direct : US Treasury Secretary Stephen Manoucan said that the United States will sign a trade deal with China "within one second" if Beijing agreed to a fair relationship with Washington.

"We do not have fair trade with China. They have fair dealings with our markets, investments and companies and we don't find that there," Mnuchin said on the sidelines of the Group of Seven summit in France on Sunday.

The US Treasury Secretary: "This is why we are taking this position with China."

"If China agrees to a fair and balanced relationship, we will sign a trade deal in a second," Mnuchin noted.

The trade crisis between China and the United States has been on a hot plate in recent days after Trump announced a $ 250 billion tariff hike against Chinese goods from 25 percent to 30 percent in October, and a possible 300 percent increase in September on goods. Dollars to 15 percent from 10 percent.

But those tensions eased relatively soon after the US president said China wanted a trade deal with the United States, noting that the two sides would have very serious talks.

 

[yota691]

New tariffs due to US-China trade dispute

Wednesday 28 August 2019 65

 

The morning / Nafi Fartusi

 

China used to receive President Donald Trump's painful blows and tweets cheering for new protectionist tariffs on goods and products from China, but decided to pay a surprise blow to the US economy when the State Council Customs Committee announced that the country plans to impose retaliatory tariffs on goods An additional US $ 75 billion worth of imported goods threatens to escalate the trade dispute between the world's two largest economies and thus threaten global growth. 

This is despite the fact that trade talks with China are still going on even after Beijing announced a $ 75 billion tariff on US goods.

 

China startled Trump!

The tariffs announced by China to be applied at rates ranging between 5 and 10 percent, will be applied in two phases, the first of which starts on September 1, followed by the second phase on June 15, and said the customs duties committee of the Communist State Council in a separate declaration, it will impose duties 25 percent and 5 percent on US cars and parts on September 15, paving the way for a serious escalation in the trade war between Beijing and Washington and the war between the two sides will be prolonged for a short period.

"It will impose an additional five or 10 percent surcharge on 5,078 US-origin products, including agricultural products such as soybeans, corn, crude oil, small aircraft and automobiles," the Commerce Ministry said in a statement.

Beijing will impose five percent tariffs on US soybeans and 10 percent on US beef and pork from September 1, according to a list published by the ministry on its website. Yellow and white as of December 15 next.

 

American response

US President Donald Trump did not wait until he announced that he would raise duties on Chinese goods imported by the United States in response to China's decision to impose tariffs on an additional $ 75 billion in US goods.

Trump said in a series of tweets on his favorite social networking site "Twitter" that the fees imposed on the amount of $ 250 billion of Chinese goods will increase from 25 percent now to 30 percent starting from early October, while the fee will be imposed by 15 percent and not The remaining US imports of Chinese goods, estimated at about $ 300 billion a year, were slated for 10 percent from September 1, Bloomberg News reported.

Trump had previously indicated that he might escalate the trade war with China in the coming hours after the latest round of tariffs imposed by Beijing against America, which again raised demands for US companies to search for alternatives to produce goods in China.

 

Postpone an appointment

The US tariffs include goods including cell phones and laptops, hoping to reduce the impact of the tariffs on sales in the US holiday season as the US economy and businesses focus on retail sales to consumers, especially during Halloween, Thanksgiving and Black Friday holidays.

 

Retaliatory measures

Beijing has already announced it will have to take inevitable countermeasures to counter the US decision to impose tariffs on Chinese goods worth $ 300 billion.

The editor-in-chief of the Chinese newspaper Global Times, published by the People's Daily of the country's ruling Communist Party, has confirmed that Beijing will soon unveil a plan to impose retaliatory tariffs on specific US products. "As far as I know, China will take further countermeasures in response to the US $ 300 billion US tariff on Chinese goods," Hu Shijin said on Twitter on Friday. Beijing will soon unveil a plan to impose retaliatory tariffs on specific US products. The tweet gave no further details.

 

The markets were hit 

Once the bipolar dispute escalated, oil prices were hit and Brent crude fell 0.56 percent to $ 59.12 a barrel and Nymex 1.59 percent to $ 53.74. $ 17.14.

 

Federal meeting

World markets await the speech of Federal Reserve Chairman Jerome Powell at an annual economic forum at the Jackson Hole resort, where Powell said the US economy is in an adaptive position and that the central bank will act in an appropriate way to sustain the current economic growth. Few on whether the US central bank will cut interest rates at its next meeting or not. Powell, under pressure from President Trump for a swift and rapid rate cut, promised a series of economic and geopolitical risks the Fed is monitoring, noting that many of them are linked to the Trump administration's trade wars with China and other countries.

But he said: "The US economy continues to perform well overall. Corporate and manufacturing investment has declined, but strong job growth and wage increases are driving strong consumption and supporting moderate growth overall." If trade wars disrupt corporate investment and confidence and contribute to the deterioration of global growth, the US central bank may not be able to fix all this through monetary policy, he said.

Traders are expected to examine Jerome Powell's speech as economic headwinds increase and the trade dispute between the United States and China shows no signs of easing. Decade.

[yota691]

Apple, Black & Decker and Steve Madden among US companies moving production out of China. Here’s the full list.

 

 

Stanley Black and Decker coming back to the USA .

[Pitcher]

On 8/26/2019 at 6:31 PM, yota691 said:

Direct : US Treasury Secretary Stephen Manoucan said that the United States will sign a trade deal with China "within one second" if Beijing agreed to a fair relationship with Washington.

"We do not have fair trade with China. They have fair dealings with our markets, investments and companies and we don't find that there," Mnuchin said on the sidelines of the Group of Seven summit in France on Sunday.

The US Treasury Secretary: "This is why we are taking this position with China."

"If China agrees to a fair and balanced relationship, we will sign a trade deal in a second," Mnuchin noted.

The trade crisis between China and the United States has been on a hot plate in recent days after Trump announced a $ 250 billion tariff hike against Chinese goods from 25 percent to 30 percent in October, and a possible 300 percent incr

 

The market appears to like the news and I’m trading it in real time

[Pitcher]

Trading is never easy and Day Trading can be treacherous if you are not experienced.  Take today, big premarket gap up.  I couldn’t find anything to trade long that wasn’t risky so I shorted WSM for over 2 bucks.  I’m still looking for a nice trend trade but it might be time to close shop for the long 3 day Hoiiday.  

[Synopsis]

Praise The LORD!!!

 

YEP!!!

 

Industry IS returning TO The United States Of America Soil DUE TO The True The United States Of America Patriot President Donald J Trump ACTIVATED The United States Of America TARIFFS ON China!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!

 

Sure, a FEW MONTHS to maybe BABY a YEAR of some "adjustment" "discomfort" IN The United States Of America WITH A SPECTACULARLY BRIGHT FUTURE FOLLOWING!!!

 

I saw the "manufacturing" "flight" "issue" BEFORE China AND the 1990s "approach" TO "doings" "things" "cheaper" ELSEWHERE!!!

 

TRADE IMBALANCES ALLOW FOREIGN ENTITIES TO BUY The United States Of America ASSETS LIKE NOTHING ELSE!!!

 

NEXT STEP...........................................................

 

BUY BACK OF ALL The United States Of America ASSETS FROM Foreign Entities INCLUDING The United States Of America NATIONAL PARKS FROM THEE Chinese!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!

 

THIS, prayed AND told, IS KEY TO THEE Speculative Bicraqi Iraqi Dinar Investment SO THAT TRADE AND MONETARY FLOWS ARE BALANCED COMBINED WITH THE RESTART OF Ye Olde, er, NEW Silk Road!!!

 

NO MO Bankrupting Countries WITH THEIR Economies DUE TO TRADE IMBALANCES AND STARTING ILLICIL TRADE LIKE WHAT HAPPENED WITH THE OPIUM WARS!!!

 

ANY QUESTIONS ON THEE Chinese FUELED Fentanyl Opiod Crisis - Opium Wars REVENGE???!!!

 

DDDIIISSSMMMIIISSSSSSEEEDDD!!!!!!!!!!!!!!!!!!!!!!! (DISMISSED       )

 

Go E Pluribus Unum FOREVER!!!

 

Go MAGA FOREVER!!!

 

Go True The United States Of America Patriot President Donald J Trump THROUGH 2024!!!

 

Go True The United States Of America Patriots FOREVER!!!

 

(A Special Thank You To ALL The Red Rubymeisters For ALL The Red Ruby Citations As Badges Of Honor For ME For "Display Of Intellectual Speed And Power" Who THINK (misnomer, of course) The True The United States Of America Patriot President Donald J Trump IS A POS!!!)!!!

 

Go Red Rubymeisters (ELSEWHERE!!!)!!!

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

  

[yota691]

China: Continue to actively communicate with Washington on trade

 30 August 2019 02:49 PM
Direct : China continues to give reassuring signals about the trade dispute with the United States, and stress that the two sides are continuing to end rising trade tensions.

The Chinese and US negotiating teams continue to promote effective communication, the Chinese Foreign Ministry said on Friday.

A spokesman for the Chinese Ministry of Commerce announced yesterday that his country will discuss with the United States the next round of trade talks scheduled for September.

The Chinese official stressed that his country hopes the US will eliminate additional tariffs to avoid escalating trade war.

The Chinese and the US have been engaged in a trade war for more than a year, but the past few days have seen new developments for the worse.

Last Friday, China announced new tariffs on US goods worth $ 75 billion, and Washington responded by deciding to increase tariffs on Chinese imports by $ 250 billion.

 

[Synopsis]

10 minutes ago, yota691 said:

The Chinese official stressed that his country hopes the US will eliminate additional tariffs to avoid escalating trade war.

 

The "hopes" are based ENTIRELY on whether or NOT the Chinese get the "message" AND "take" "corrective" CHINESE "action". THEE Chinese have NO MO "soft" AND/OR "hard" "power" IN "negotiations". THEE Chinese are "acting" FROM "projected" "power" THAT WILL PROVE "useless" IN THEE "end" AND HAVE "far" "more" TO "lose".

 

In The Mean Time, THEE Chinese "cash" "reserves" "stashed" "away" AND "economic" "potency" ARE "dwindling" "away" AT AN "alarming" "rate". China WILL crash and burn IF "balance" IS NOT "achieved".

 

In The Mean Time......................................................................

 

Good For Us Speculative Bicraqi Iraqi Dinar Investors BECAUSE The United States Of America AND China SUFFICIENTLY SUCCESSFUL Trade Deal WILL AID IN RESTARTING Ye Olds, er, NEW Silk Road!!!

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

   

[Shabibilicious]

Politics

Donald Trump Reportedly Faked Trade Phone Calls With China

 Tom Nicholson,Esquire 2 hours 40 minutes ago 

 

 

From Esquire

Donald Trump likes making phone calls. Phone calls mean business. You get to lean one arm on the table and look a bit like JFK or Martin Sheen in The West Wing. Plus you can wang the receiver down to make a point. Phone calls are great.

He's also been known to make phone calls which take place almost entirely within his own brain. Remember that time he pretended he'd had to take a call at a Saturday Night Live table read about how his book was at the top of the charts? Well, he's apparently been at it again.

You might remember that at the G7 meeting last week Trump said his long-running trade war with China might come to an end soon.

"China called last night our top trade people and said, 'Let's get back to the table.' So we will be getting back to the table and I think they want to do something," Trump told reporters. "They have been hurt very badly but they understand this is the right thing to do and I have great respect for it. This is a very positive development for the world. I think we are going to have a deal."

Except now CNN reports that aides admit that in spite of Trump's insistence to the contrary, no such phone calls ever took place. Add to that the completely nonplussed Chinese reaction, and it all looks like a vaporous attempt to stop the markets wobbling at the prospect of an economic downturn caused by this trade war.

 

"Regarding the phone call in the weekend, I am not aware of that," Geng Shuang of the Chinese Foreign Ministry said last week. "I can tell you clearly that I haven’t heard of such a thing."

"We have had calls at the highest level, but I don’t want to talk about that," Trump told reporters when he was pressed on the matter last week, invoking the standard presidential 'I definitely have had trade talks, but they go to a different school in the next town over so you can't meet them' defence.

 

https://www.yahoo.com/lifestyle/donald-trump-reportedly-faked-trade-103600840.html

 

GO RV, then BV