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  1. #1501
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    Will Pootin reward his orange puppet with that Trash Hotel in Moscow?


    Trump's currency war and the end of the American-led global trading system


    America wants China to open its markets to fair compe ion from American companies,


    accept American rules about intellectual property, and

    stop engaging in piracy and requiring technology transfer.

    China wants not to do these things,

    but to continue on the path that has both enriched the Chinese people and strengthened the Chinese state.



    What if the objective was always less to get China to liberalize, as we say officially it is, and

    more to disentangle America from China permanently, the better to contain China's rise and "beat" it economically?

    But is it even possible to disentangle from China without shredding the existing system of international trade?

    it would be impossible to bring America's trade into long-term balance without giving up the dollar's status as global reserve currency.

    As in so many areas, there's a choice to be made between balance and dominance. You can have one or the other, but not both.



    China is too large and important to the world economy to be contained, and

    the other participants in the global trading system have too diverse interests to form a united front

    even if America were led by someone more globally congenial.

    ironic if the advocates of Making America Great Again were

    the ones to finally bring about the end of the America-led trading system.
    Vlad would love that!

    https://theweek.com/articles/857657/...trading-system



  2. #1502
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    Look to the Solar Industry for Answers About the Trade War’s Impact



    The long-running solar trade wars hold painful but important lessons for this fraught moment in geopolitics

    the rise of the Chinese solar PV manufacturing industry in the 2000s changed the global solar PV supply landscape: The market share of U.S.-made solar panels decreased significantly as Chinese brands rose to prominence.

    What followed was seven years of solar trade wars.


    • In 2012, the U.S. Department of Commerce imposed the first round of antidumping and countervailing duties (AD/CVD) on imported solar panels from China.
    • In 2014, further tariffs were imposed on Chinese manufacturers, and new tariffs were imposed on Taiwanese solar cell manufacturers as they were seen as a back door for Chinese manufacturers to cir vent the 2012 tariffs.
    • In January 2018, soon after President Trump took office, he imposed a 30 percent tariff with a four-year stepdown on solar panel imports from China under Section 201 of the Trade Act of 1974.


    Three lessons


    • Tariffs raise prices on U.S. consumers.

    Tariffs not only increase the purchase prices of goods, but they also create a supply shortage, which can further drive up prices


    • Tariffs are effective in delivering the original promise: hurting the target country’s exports.

    With tariffs in place, Chinese and Taiwanese solar panel makers found it uneconomical to sell directly to the U.S.


    • trade wars are like a game of tug-of-war tariffs invite more tariffs.

    Shortly after the U.S. imposed the first round of AD/CVD tariffs, the Chinese retaliated by imposing tariffs on U.S.-made polysilicon, a key feedstock for solar panel manufacturing.

    Trade wars are costly, for both the countries that initiate them and the target countries.

    Consumers are often left to pay the bill;

    companies will have to engage with unintended strategic pivots to stay afloat;

    industries will be caught in the crossfire and could lose a sizable chunk of the market.

    Worse, they could lose compe ive advantages in certain markets altogether in just a few years' time.

    Trade wars vividly illustrate the interdependent nature of the modern global economy.

    A zero-sum mindset results in a lose-lose situation.

    https://www.greentechmedia.com/artic...a%29#gs.v1d7fq





  3. #1503
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    A great opportunity for American pig factories, but Trash has provoked China into not buying any US ag products

    A Vicious Disease Is Wiping Out China’s Pig Population

    It’s estimated that African swine fever could kill half of China’s pigs by the end of 2019



    https://onezero.medium.com/a-vicious-disease-is-decimating-chinas-pig-population-and-could-change-how-the-world-eats-bf740263d690

    I'm with Jules Winnfield, I don't that

  4. #1504
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    Fears rise that Trump’s trade war is leading to recession

    Goldman Sachs Group Inc said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that

    Goldman no longer expects a trade deal between the world’s two largest economies before the 2020 U.S. presidential election.

    “We expect tariffs targeting the remaining $300bn of US imports from China to go into effect,”

    Goldman Sachs said it lowered its fourth-quarter U.S. growth forecast by 20 basis points to 1.8% on a larger than expected impact from the developments in the trade tensions.

    “Overall, we have increased our estimate of the growth impact of the trade war,”

    Rising input costs from the supply chain disruption could lead U.S. companies to reduce their domestic activity,

    Such “policy uncertainty” may also make companies lower their capex spending,

    https://www.politicususa.com/2019/08/11/fears-rise-that-trumps-trade-war-is-leading-to-recession.html?utm_source=feedburner&utm_medium=fe ed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Pol iticus+USA+%29

    "Heckuva job, Trashie"



  5. #1505
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    Farmers Lash Out At Trump After Latest Trade War Blow From China

    “Trump is ruining our markets,” said a North Dakota farmer. Another criticized the president’s “constant escalation and antagonism.”

    American farmers are attacking President Donald Trump in the wake of a new hit from China, which comes as part of the lingering trade war between the countries.

    Trump’s “strategy of constant escalation and antagonism” has worsened the situation,

    Family farmers and ranchers “can’t withstand this kind of pressure much longer,”

    “It’s really, really getting bad out here,”

    “Trump is ruining our markets.”


    China canceled all purchases of U.S. agricultural products last weekend.

    China’s move is a “body blow to thousands of farmers and ranchers who are already struggling to get by,”

    American agricultural exports to China dropped by half last year due to Trump’s trade war, and

    farm income fell 16%,
    Time reports.

    And over the last five years,

    net
    farm income has plunged by nearly half,

    from $123.4 billion in 2013 to $63 billion last year.

    https://www.huffpost.com/entry/farmers-trump-trade-war-china-sonny-perdu_n_5d50b653e4b0820e0af74aef?fbclid=IwAR3S_707 ftcDd1Fxn07JqwY3QCpx1H7OHM997xPh59k1LTAHAnKbyoJSQB 0

    My guess is Trash won't do $300B more in tarifs 1 Sep.



  6. #1506
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    Recession warning signs are ‘flashing bright red’ — and Trump could make it worse: Moody’s economist

    Moody’s chief economist Mark Zandi told CNN’s Erin Burnett that he is gravely worried about the risk of recession amid ongoing trade fears, massive deficit spending, and uncertainty.

    “Given the massive tax cuts that the president put in place last year, and

    given the large increases in government spending that policymakers agreed to just a few weeks ago,

    this trillion-dollar deficit that we’re going to get this year,

    it’s on track for a trillion dollars this fiscal year,

    is as small as it is going to be for many, many years to come.”

    if he follows through on his threats,

    slaps more tariffs on Chinese goods,

    the total amount of tariffs that people will pay in the coming year come in close to $100 billion.

    $100 billion, just for context, is about a half a percent of GDP.

    It’s about half the size of the tax cut last year. It’s sizable.

    With an economy starting to struggle, that could do a lot of damage.”


    “I think if the president follows through on his threats,

    I think the odds of a recession are better than even,” added Zandi.

    “We talked about the tariffs and the higher tax increase that would be.

    The real damage would come because of the uncertainty created by the tariffs.

    Are the tariffs 10 percent? 25 percent?

    This is going to do a lot of damage.”

    https://www.rawstory.com/2019/08/recession-warning-signs-are-flashing-bright-red-and-trump-could-make-it-worse-moodys-economist/?utm_source=feedburner&utm_medium=feed&utm_campaig n=Feed%3A+TheRawStory+%28The+Raw+Story%29
    Last edited by boutons_deux; 08-12-2019 at 09:37 PM.

  7. #1507
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    businesses LOVE stability

    Trump Blinks on Tech Tariffs,

    Apple Stock Soars (Update)


    The USTR issued a pause on pricier tech

    https://www.tomsguide.com/news/ustr-delays-trump-china-tariffs?utm_source=tg-newsletter&utm_medium=email&utm_campaign=20190813-tg


    Anybody wanna guess that Trash/mafiya passed insider info to contributors to buy Apple stock yesterday?



  8. #1508
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    businesses LOVE stability

    Trump Blinks on Tech Tariffs,

    Apple Stock Soars (Update)


    The USTR issued a pause on pricier tech

    https://www.tomsguide.com/news/ustr-delays-trump-china-tariffs?utm_source=tg-newsletter&utm_medium=email&utm_campaign=20190813-tg


    Anybody wanna guess that Trash/mafiya passed insider info to contributors to buy Apple stock yesterday?


    He's hunting way(s) to forego the regularly scheduled recession.

    Bully, bully for him.

  9. #1509
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    Trump folds

    Did anyone expect anything different?

    Really?

  10. #1510
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    Wall Street panicking: There’s a 1-in-3 chance of a recession by 2020 thanks to Trump’s trade meddling

    Monday’s
    400-point Dow slide was far from the worst single day stock market performance under President Donald Trump.

    But it represents a lasting and growing fear on Wall Street that the massive, uninterrupted stretch of economic growth over the past decade could finally be drawing to a close.

    economists at large ins utions are increasingly worried that a recession will hit before the 2020 presidential election — and

    they put the blame squarely on Trump’s trade policies.

    “We now have a number of early indicators starting to signal heightened risk of recession.

    Our official model has the probability of a recession over the next 12 months only pegged at about 20 percent,

    but our subjective call based on the slew of data and events leads us to believe it is closer to a 1-in-3 chance.”

    economists at Goldman Sachs, led by Jan Hatzius, said on no uncertain terms that the real problem is the trade war.

    “We expect tariffs targeting the remaining $300 billion of U.S. imports from China to go into effect and

    no longer expect a trade deal before the 2020 election.”

    https://www.rawstory.com/2019/08/wall-street-panicking-theres-a-1-in-3-chance-of-a-recession-by-2020-thanks-to-trumps-trade-meddling/?utm_source=&utm_medium=email&utm_campaign=1113



  11. #1511
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    Trump is driving us toward a big recession: It will be ghastly — but is it deliberate?

    I have a theory that Trump and his cronies may be manipulating and shorting the markets,

    reaping vast profits off the declines.

    Every time Trump tweets or blurts new tariff threats or economic bellicosity aimed at China, the market takes a dump.

    As we all know, Trump hasn’t divested from his business interests.

    We also know that

    Trump has manipulated the markets before,

    based on a
    massive investigation in the New York Times indicating that Trump engaged in a scheme with his dad, Fred Trump, known as “greenmailing.”

    During the 1980s, Donald Trump became notorious for leaking word that he was taking positions in stocks, hinting of a possible takeover, and

    then either selling on the run-up or trying to extract lucrative concessions from the target company to make him go away.

    It was a form of stock manipulation with an unsavory label: “greenmailing.” The Times unearthed evidence that Mr. Trump enlisted his father as his greenmailing wingman.

    Seriously, ask around. Even some of his supporters have to concede that

    Trump is entirely capable of exploiting the bully pulpit to enrich his family fortune, not to mention the fortunes of his buddies.

    If he wasn’t interested in all that, he would have divested from his business. He didn’t.

    Now his tweets move the entire market up or down on a predictable and routine basis, making Wall Street ripe for exploitation.

    For example:

    Just before he tweets something incendiary about China,

    it’s entirely possible he gives his boys a subtle heads up,

    triggering brokers to swing into action,

    betting against the market with short positions on whatever could take the most damage from his trade-war posturing.

    Not only does it drive down those stock prices,

    but the entire market, including your retirement savings, takes a colossal hit.

    it’s unlikely he’d reveal any breadcrumbs in those disclosure forms, and

    it’s possible that his manipulations and short sales are made through trusted third parties.

    A serious investigation by the FTC

    or the House of Representatives might be in order, especially given that

    Trump could be betting against the American economy.

    Why else would he so gratuitously destabilize the markets with his trade war?

    Bottom line:

    Trump’s tweets and pronouncements do, in fact, trigger market movement.

    The open questions are: Is it intentional, and does he profit from it?

    https://www.rawstory.com/2019/08/trump-is-driving-us-toward-a-big-recession-it-will-be-ghastly-but-is-it-deliberate/?utm_source=&utm_medium=email&utm_campaign=1113



  12. #1512
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    Trump’s War on China Catches Silicon Valley’s Chinese Community in the Crossfire

    Silicon Valley is increasingly uncomfortable for Chinese immigrants and Chinese Americans. That’s a problem for the United States.

    She considers herself both an immigrant and a Chinese American. And like many Chinese tech workers caught in the crossfire of geopolitical tensions, she is not particularly enthusiastic about talking to a reporter.

    But she makes no attempt to hide her exasperation at the current state of affairs.

    “I feel angry at the whole situation,” she says

    In July 2018, Politico reported that President Trump declared to a group of business leaders in the White House that

    “almost every student that comes over to this country [from China] is a spy,” and

    in mid-July 2019, Peter Thiel, the Silicon Valley investor and entrepreneur, gave a speech asking whether

    “Google’s senior management” had been “infiltrated by Chinese intelligence.”

    Thiel’s accusation of treason was promptly tweeted by President Trump.

    The wide net cast by hostile trade war rhetoric catches everyone with a connection to China, whether they’ve been in the U.S. for generations or arrived in Menlo Park on an H1B visa last year.

    President Trump’s singularly erratic approach to policy implementation

    is a nightmare for individuals who just want to know what the rules are. For engineers who want to build things, the whole mess is extraordinarily frustrating.

    Other Silicon Valley veterans insist there couldn’t be a worse way to handle it.

    They believe Trump’s trade war is threatening to smash one of the United States’ crown jewels,

    an innovation hub that has

    benefited tremendously from Chinese technical talent and

    China-based manufacturing facilities.

    “It is crazy. Cutting off ties, both academically and in the supply chains, is about

    the worst thing you could do to Silicon Valley.”

    Ever since the relaxation of American immigration laws in the 1960s,

    the brightest minds in technology have been moving here from around the world.

    “You look at Google, Facebook, Intel, whatever,” says Gee.

    “In most companies, engineering is 40 to 50% Asian, and half that is Chinese.”

    Immigrants make up 69% of the Valley’s “highly technical workers.”

    A full 38% of the Valley, which includes four different counties, encompassing nearly 2,000 square miles and 3.1 million people, is foreign-born.

    “Ninety percent of technology, 90% of innovation,” says Gee, “is just the little tweaks, the incremental fixes that solve the little problems that make things work a little bit faster, or make things a little bit smaller.

    That’s 90% of the progress.

    If we don’t have those Chinese engineers here working on those tweaks, we are just speeding up the rate that China is going to catch us.”

    “If they want China to catch up with the U.S., this is the biggest thing they can do.”

    https://onezero.medium.com/i-feel-an...re-257fff6fd2c

    Blue California, and progressive Silicon Valley DETEST Trash, because they are high-wage, high-ed, so he plans to hurt them for his personal political vengeance, no matter what the massive collateral damage is.
    Last edited by boutons_deux; 08-16-2019 at 10:46 AM.

  13. #1513
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    EVERYONE IN THE WHITE HOUSE THINKS TRUMP’S TRADE WAR SUCKS

    Other than the president and his deranged mail order economist Peter Navarro.

    L
    ike an overgrown child who’s never taken responsibility for

    his innumerable failures when it comes to
    casinos,
    steaks,
    airlines,
    magazines,
    marriages,
    child-rearing, and
    the website
    GoTrump.com,

    Donald Trump was never going to acknowledge his role in harming the U.S. economy via a self-defeating trade war

    he’s selected Fed chairman Jerome Powell as his fall guy,

    “Our problem is with the Fed,“

    “Raised too much & too fast.

    Now too slow to cut.

    Spread is way too much as other countries say

    THANK YOU to clueless Jay Powell and the Federal Reserve.…

    We should easily be reaping big Rewards & Gains, but the Fed is holding us back.” the consensus in the White House is that it’s not Powell who’s holding us back but

    the big orange elephant in the room

    the same one whose

    business a en resulted in him once
    losing “more money than nearly any other individual American taxpayer,”

    and who somehow

    still doesn’t know how tariffs work.
    “the overriding belief in the White House is that the rate hikes”—which haven’t occurred
    since December 2018—

    “are not the main source of the problem.”

    Instead, two senior administration officials say,

    “it is Trump’s trade war and tariffs against China that began more than a year and a half ago holding back growth.”


    https://www.vanityfair.com/news/2019/08/donald-trump-trade-war-white-house-detractors





  14. #1514
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    Federal Reserve undercuts Trump with data showing manufacturers and consumers are hardest hit by his tariffs

    manufacturers are admitting that tariffs ins uted by President Donald Trump are

    cutting into their bottom lines and some of the

    costs are being passed along to consumers in the form of increased pricing.

    new questions about costs and tariffs and the results paint a damning portrait of

    the damaging effect on companies affected by the president’s trade war with China among other countries.

    “…showed a clear increase in the number of respondents who reported tariffs raising input costs,

    compared to their answers in August 2018.

    About two-thirds of manufacturers saw an upward effect on prices paid and

    some 45% saw an upward effect on selling prices.

    The numbers were slightly lower but similar in the services sector.”

    “among manufacturers,

    51 percent perceive a negative effect in 2019, and

    47 percent anticipate a negative effect in 2020.”

    “The New York Fed survey findings also chime with a report Friday from

    Deere & Co. that it is seeking cost savings amid a 24% fall in operating profit from its agriculture machinery unit,

    which was hit with higher production costs and lower shipping volumes.

    That makes sense, given U.S. farmers complain that they’ve been big losers in the trade war.”

    https://www.rawstory.com/2019/08/federal-reserve-undercuts-trump-with-data-showing-manufacturers-and-consumers-are-hardest-hit-by-his-tariffs/?utm_source=&utm_medium=email&utm_campaign=1160

    China is paying all the tariff costs, while Mexico is paying for the wall.

    Trash is one sicko mother er, lost in a fantasy world and incapable of "reality testing", which of course indicts his 10Ms of approvers, supporters as equally ED UP







  15. #1515
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    Donald J. Trump
    ✔@realDonaldTrump


    The United States is now, by far, the Biggest, Strongest and Most Powerful Economy in the World, it is not even close!

    As others falter, we will only get stronger.

    Consumers are in the best shape ever, plenty of cash. household debt at all time high $1.5T+

    Business Optimism is at an All Time High!


    10:26 AM - Aug 15, 2019



    Household debt hit another all-time high. Is it poised to level off?

    https://www.americanbanker.com/list/household-debt-hit-another-all-time-high-is-it-poised-to-level-off

  16. #1516
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    They should adjust the number for people who simply payoff their credit cards every month and don't carry balances... I'm sure they could figure out some type of reasonable adjustment for that. Although I'm not sure how much it actually amounts to.

  17. #1517
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    They should adjust the number for people who simply payoff their credit cards every month and don't carry balances... I'm sure they could figure out some type of reasonable adjustment for that. Although I'm not sure how much it actually amounts to.
    why?

    card issuers appear to report how much they are owed, and that's all that counts.

    the $$$ of debts paid off is probably minuscule compared to the $1.5T debt being carried.

  18. #1518
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    U.S. Farmers Stung by Tariffs Now Face a $3.5 Billion Corn Loss

    now face billions of dollars in potential losses as
    controversial data from the U.S. government snuffs out a rally in corn.

    The Agriculture Department on Monday said farmers planted a bigger corn area than analysts estimated and

    pegged crop yields that also exceeded expectations, sparking the biggest rout in futures since 2013.

    That was a blow to growers who were holding back supplies, hoping a rally that started in May due to delayed sowing would extend through the fall.


    The decline represents a potential loss of almost $3.5 billion for U.S. farmers, according to the American Farm Bureau, and

    is another setback for them after prices fell following the USDA’s previous acreage report, which was widely criticized for containing outdated data.



    “A lot of people were banking on the opportunity to sell at much higher prices. This report now really brings that into question.”

    Crashing corn prices are an additional stress for growers facing huge farm debt,

    which the USDA estimates will rise 3.9% this year to $427 billion.

    Last year, farm debt-to-income was at the highest level since 1984.

    https://www.bloomberg.com/news/articles/2019-08-13/u-s-farmers-stung-by-tariffs-now-face-a-3-5-billion-corn-loss


    "Some" trust the Repugs more for NatSec, so we get 9/11 WTC attack, then botched Iraq/Afghan wars

    "Some" trust the Repug more for economic management, and we get the Banksters Great Depression and self-harm trade war.

    iow, the Repugs to .



  19. #1519
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    Trump suggests hitting France with 100 percent tariff on wine over dispute with Macron



    the president recently made the suggestion as part of

    his trade war that has crippled American manufacturers and farmers

    while at the same time hitting American consumers’ wallets.

    his unhappiness with President Emmanuel Macron and his tax on multinational technology companies.

    “The law signed by Macron imposes a 3% tax on the revenue of technology giants such as Facebook Inc. and Amazon.com Inc.

    Trump is a frequent critic of those companies but

    bristled at the idea of a foreign government setting their terms of trade.

    ‘We tax our companies,

    they don’t tax our companies,’

    https://www.rawstory.com/2019/08/trump-suggested-hitting-france-with-100-percent-tariff-on-wine-over-dispute-with-macron/


  20. #1520
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    Americans overwhelmingly support free trade as concern grows about Trump’s economy

    By a narrow 49%-46% margin, Americans still approve of Trump’s handling of the economy. But that’s down from 51%-41% approval in early May and an even more robust 50%-34% in July 2018. trending DOWN

    At the same time, Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That’s up from 57%-37% early in Trump’s presidency, and 51%-41% near the end of President Obama’s tenure.

    Trump’s overall approval ticked down slightly in the survey to 43% from 45% in July. That remains within the range of earlier results for a president whose ratings with a sharply-polarized electorate have stayed remarkably stable.

    https://www.cnbc.com/2019/08/18/amer...nomy-poll.html



  21. #1521
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    The latest casualty of Trump’s trade war with China? California wine

    Since April 2018, in response to U.S. tariffs, China has slapped
    retaliatory taxes on $110 billion in U.S. imports — products as varied as electronics and soybeans.

    For wine, taxes and tariffs now amount to a 93% surcharge on every U.S. bottle.

    That’s double the amount on French wine, long favored by well-to-do Chinese.

    At the same time, wines from Australia and Chile, which recently signed free trade agreements with the Asian giant, are flooding into China, taxed at just 26%.

    Global exporters view China as a barely tapped opportunity, given its exploding middle class and growing appe e for the quality and prestige of imported wine. The U.S. exported $1.46 billion in wine last year, 95% of it from California.

    China was the fifth-largest destination after the European Union, Canada, Hong Kong and Japan.

    “China was our fastest-growing export market,”

    “We were heavily ramping up our activities there, adding restaurant promotions and cultivating relationships with key retailers.”


    But U.S. wine exports to China were down by 33% in the first half of this year compared with the same period in 2017. As the trade conflict drags on,

    “Chinese importers will buy from a different country,”

    “We’ve worked on building those relationships for two decades. Now all of that time is basically a loss.”

    https://www.latimes.com/business/story/2019-08-16/california-wine-in-china-trade-war



  22. #1522
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    Morning Joe uses Fox News report to ridicule Trump’s business skills in coming trade deal with China

    Scarborough first mocked President Donald Trump’s business a en before predicting that

    he will cobble together a bad deal with China in hopes of slowing down the economic slide before the 2020 election.

    Using a report he heard on Fox News, which predicted that same scenario,

    the MSNBC host noted that China knows they have the president over a barrel.

    “on Fox News last week. somebody expressing real concern that the Chinese already know that, for Donald Trump,

    the only sort of economic trick he has left in his bag is to come to a resolution on the trade war with China to get the economy going,”

    “Well, if we all know that, then the Chinese leaders know that. Xi [Jinping] knows that.”

    “And so Xi will drive a harder bargain with Donald Trump,”

    “And at the end of the day, the man who

    wrote a book on ‘The Art of the Deal’ while he was losing more money than any American alive

    will have to strike another bad deal with the Chinese because

    they know he’s timing all this for his re-election.”

    https://www.rawstory.com/2019/08/mor..._campaign=1168

  23. #1523
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    Support for free trade reaches new high in NBC/WSJ poll

    Amid the ongoing trade war with China,

    nearly two-thirds of Americans say they support free trade

    https://www.nbcnews.com/politics/meet-the-press/support-free-trade-reaches-new-high-nbc-wsj-poll-n1043601?cid=public-rss_20190818



  24. #1524
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    U.S. Steel plans to lay off hundreds of workers in Michigan


    United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks,

    it expects to let go fewer than 200 workers following its decision to halt production at the Michigan facility.

    In mid-June, the company said it would idle two blast furnaces at its Great lakes and Gary Works plants, citing lower steel prices and softening demand.


    U.S. Steel said the lay-offs at the Michigan plant could last beyond six months.

    They will impact nearly every area of the facility, from blast furnace to finishing operations,

    https://www.reuters.com/article/us-u-s-steel-layoffs/u-s-steel-plans-to-lay-off-hundreds-of-workers-in-michigan-idUSKCN1V91XQ?feedType=RSS&feedName=topNews&utm_so urce=feedburner&utm_medium=feed&utm_campaign=Feed% 3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%2 9

    uva job, Trashie

  25. #1525
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    China retaliates again in Trump’s trade war —

    and sends the stock market plunging


    China on Friday announced that it was levying tariffs on
    $75 billion worth of American goods in the latest retaliation

    China also said it would
    resume enforcing duties against American automobiles.

    sent stock market futures plunging downward

    the economy is slowing down and could fall into a recession in the near future.

    The U.S. Treasury bonds yield curve inverted again on Thursday,

    the American manufacturing sector actually contracted in August, marking the first time the sector has shrunk since 2009 in the midst of the Great Recession.

    https://www.rawstory.com/2019/08/china-retaliates-again-in-trumps-trade-war-and-sends-the-stock-market-plunging/?utm_source=&utm_medium=email&utm_campaign=1222

    I hear bull that Trash has the world by the short-n-curlies,

    but Xi has Trash by Trash's apocryphal balls, and Xi is squeezing hard


    Just another war the USA will lose.


    Last edited by boutons_deux; 08-23-2019 at 08:39 AM.

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