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  1. #1
    Veteran hater's Avatar
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    orange with hair got spooked by China

    Cancels his tariffs and invites them to the table again

    China didn't even give him a face saving move

    President Donald Trump bowed to pressure from U.S. businesses and concerns over the economic fallout of his trade war with China, delaying the imposition of new tariffs on a wide variety of consumer products including toys and laptops until December.

    https://www.bloomberg.com/news/artic...ng-phones-toys

    Trump Blinked With China Tariff Delay, Exante Data's Setser Says

    https://www.bloomberg.com/news/video...ser-says-video


    what happened to being tough on China?
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  2. #2
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    Trump blinks

    President Trump on Tuesday undermined his argument about tariffs on China, admitting that they can cost consumers money and damage the economy. After watching stocks tank Monday while Wall Street raised recession alarms, USTR on Tuesday said much of Trump’s latest 10% tariffs on a broad range of consumer goods including cellphone, laptops and toys would go into effect Dec. 15 instead of Sept. 1.

    https://www.politico.com/newsletters...-blinks-468277

    Orange with hair thinking he knows anything about economy

  3. #3
    notthewordsofonewhokneels Thread's Avatar
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    Trump blinks

    President Trump on Tuesday undermined his argument about tariffs on China, admitting that they can cost consumers money and damage the economy. After watching stocks tank Monday while Wall Street raised recession alarms, USTR on Tuesday said much of Trump’s latest 10% tariffs on a broad range of consumer goods including cellphone, laptops and toys would go into effect Dec. 15 instead of Sept. 1.

    https://www.politico.com/newsletters...-blinks-468277

    Orange with hair thinking he knows anything about economy
    ...as hater totes up his 401k ciphers.

  4. #4
    IPA's All Day benefactor's Avatar
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    The Folding
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  5. #5
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    https://finance.yahoo.com/news/trump...181925373.html

    Trump caves on tariffs

    Calling Trumpís bluff
    Trump has now partially reversed himself on the 10% tariff, without any corresponding concession from China. In fact, China has toughened its stance recently, essentially calling Trumpís bluff. China has refused to fulfill its pledge to start buying more U.S. farm products, for instance. And it has allowed its currency to fall in value more than usual, which makes Chinese exports to other countries cheaper and boosts domestic sales. Itís possible China has decided to bear the pain of Trumpís trade war for the next 15 months and hope Trump loses the 2020 election.

    That has left Trump, who fancies himself a master dealmaker, negotiating with himself. Trumpís initial threat on consumer imports from China was to levy a 25% tariff. But when it came time to do it, he lowered that to 10%. And now itís 10% on just half of those products, rather than all of them. And thereís an appeals process for eliminating the entire tariff.

  6. #6
    A neverending cycle Trainwreck2100's Avatar
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    farmers, fucked for months, but wall street takes one hit and now the tariffs are bad ideas. And they'll still vote for Trump again.
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    SWEEP THE LEG!!!!!!!!!

  7. #7
    Free at last. TheGreatYacht's Avatar
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    Trump trying hard to delay the inevitable..

  8. #8
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    Trump trying hard to delay the inevitable..
    Trump actually accelerated The End with his dumb China trade war. Now China has folded Trump like a Chinese noodle and forced him to say "Mate"

    And he just did but still might be too late. Stock just plummeted 500 pts in 1 hour

  9. #9
    Believe.
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    Nothing says you are dealing with a master negotiator

    than when you sit back and he weakens his own position without any help from you

    just fucking brilliant 5d chess

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