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Thread: Boom. You can't out tariff us. Period. This Trump knows.

  1. #661
    Quote Originally Posted by Swordsmyth View Post
    A Zero Hedge comment:
    Hmm. Anonymous poster on zerohedge. Seems legit.
    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    "Truth isn't truth"- Rudy Giuliani

    "China has total respect for Donald Trump and for Donald Trump's very, very large brain," - Donald Trump.

    I am Zippy and I approve of this post. But you don't have to.



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  3. #662
    White House economic adviser Larry Kudlow said on Tuesday that a reduction in Chinese tariffs on U.S. cars and agricultural and energy commodities would be a "litmus test" for whether U.S.-China trade talks were on track.
    Washington also expects China to promptly address structural issues including intellectual property theft and forced technology transfers, U.S. officials have said.
    White House National Security Adviser John Bolton told the Wall Street Journal event on Tuesday that Chinese theft of U.S. intellectual property was among the administration's top concerns.
    He said the United States should look into a rule that would bar imports of Chinese products that used stolen U.S. intellectual property.
    U.S. Representative Steve King, an Iowa Republican, in February 2017 introduced a bill that would have allowed the U.S. government to punish Chinese intellectual property theft by imposing duties on the country's imports.
    The legislation, which was not put to a vote, envisaged using revenue raised by the duties to compensate those harmed by China's actions.
    Trump has long accused China of unfair trade practices that hurt Americans and the U.S. economy.

    His appointment of Lighthizer to lead the talks instead of Treasury Secretary Mnuchin puts one of the administration's toughest China critics in charge. Trump said on Tuesday that Lighthizer would work closely with Mnuchin, Kudlow and trade adviser Peter Navarro.

    More at: https://finance.yahoo.com/news/trump...6--sector.html

    Last edited by Swordsmyth; 12-04-2018 at 05:13 PM.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  4. #663
    OMG Trump really touts the notion of taxing the piss out of American consumers as "Making America Rich Again". This guy...
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  5. #664


    LOLOLOLOLOL

    Liberty isnít going to MAGA Justin! Only alpha males and tariffs (not taxes!) will MAGA!

    #libertarianMAGA



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  7. #665
    Quote Originally Posted by devil21 View Post
    OMG Trump really touts the notion of taxing the piss out of American consumers as "Making America Rich Again". This guy...

    What? You mean we can't tax our way to security and prosperity? Since when?
    Chris

    "Government ... does not exist of necessity, but rather by virtue of a tragic, almost comical combination of klutzy, opportunistic terrorism against sitting ducks whom it pretends to shelter, plus our childish phobia of responsibility, praying to be exempted from the hard reality of life on life's terms." Wolf DeVoon

    "...Make America Great Again. I'm interested in making American FREE again. Then the greatness will come automatically."Ron Paul

  8. #666
    Quote Originally Posted by EBounding View Post


    LOLOLOLOLOL

    Liberty isn’t going to MAGA Justin! Only alpha males and tariffs (not taxes!) will MAGA!

    #libertarianMAGA

    Well we can't let a little, inconsequential thing like liberty get in the way of MAGA and Trump's megalomania now, can we?
    Chris

    "Government ... does not exist of necessity, but rather by virtue of a tragic, almost comical combination of klutzy, opportunistic terrorism against sitting ducks whom it pretends to shelter, plus our childish phobia of responsibility, praying to be exempted from the hard reality of life on life's terms." Wolf DeVoon

    "...Make America Great Again. I'm interested in making American FREE again. Then the greatness will come automatically."Ron Paul

  9. #667
    China's leadership has prioritized employment as the country prepares to enter a period of prolonged economic difficulty. On Dec. 5, the country's top economic planner, the State Council, unveiled a slew of policies designed to support employment in a paper that includes a plan to refund 50 percent of unemployment insurance premiums — which currently account for 2 percent of total payroll — to companies that forgo layoffs or keep them to a minimum. Other measures include offering subsidies and allowances to enterprises and individuals engaged in professional training, with a special focus on people aged 16 to 24. And to shore up confidence among private businesses, Beijing will work to increase access to government-guaranteed loans and subsidies for small businesses and entrepreneurs.

    According to the South China Morning Post, the paper had been drafted Nov. 16 and was passed on to local governments, which were instructed to draft their own versions within 30 days. Notably, the export-oriented Guangdong province released its plan a day early.

    China has no reliable, nationwide data on overall unemployment. However, several indexes and local surveys recently suggested that employment levels are slipping, particularly in export regions and the private sector. China's Institute for Employment Research, for example, has reported that hiring demand in export industries fell by more than half in the third quarter of 2018. Coastal regions that are dependent on exports — such as Guangdong, Jiangsu, Shanghai and Fujian — are expected to take further hits even after bearing the brunt of the latest round of U.S. tariffs. And large, private companies such as JD.com and Huawei are thought to have considered layoffs. These developments have added to concerns over growing stress on the private sector, which accounts for a large majority of the country's employment.

    More at: https://worldview.stratfor.com/artic...ment-trade-war
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  10. #668
    Tariffs Man? Chinese Huawei founder's daughter/CFO arrested in Canada for US extradition


    US market sell-off set to continue as Dow futures fall more than 350 points after 800 points-plunge on Tuesday

    Christine Wang | Eustance Huang
    Updated 1 Hour Ago CNBC.com

    U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China.
    On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. As of 10:23 p.m., ET, the futures indicated that the Dow would open 373.07 points lower on Thursday.



    Related

    Money managers are realizing that Trump isn't 'dependable enough' for the market: Cramer


    • CNBC's Jim Cramer attributes part of Tuesday's marketwide collapse to political uncertainty brought about by the Trump administration.
    • Money managers are realizing that the president doesn't take his economic policies "seriously enough to be considered dependable," the "Mad Money" host says.
    • And when money managers are faced with uncertainty, they tend to sell, Cramer says.

    Published 6 Hours Ago
    https://www.cnbc.com/2018/12/04/cram...ependable.html


    ‘Chaos breeds chaos’: Trump’s erratic and false claims roil the globe. Again.
    December 4
    After his Argentine steak dinner last weekend with Chinese President Xi Jinping, President Trump announced that they had reached an “incredible deal” to temporarily suspend his trade war. But days later, Trump declared, “I am a Tariff man.”
    Trump last week proposed stripping away electric-car subsidies from General Motors as punishment for the automotive giant moving to cease production at plants in the United States and Canada. But then his chief economic adviser, Larry Kudlow, said the White House would do no such thing. Targeting a single company, he explained, would be illegal.

    https://www.washingtonpost.com/polit...7e7_story.html

  11. #669
    Quote Originally Posted by enhanced_deficit View Post
    Tariffs Man? Chinese Huawei founder's daughter/CFO arrested in Canada for US extradition


    US market sell-off set to continue as Dow futures fall more than 350 points after 800 points-plunge on Tuesday

    Christine Wang | Eustance Huang
    Updated 1 Hour Ago CNBC.com

    U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China.
    On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. As of 10:23 p.m., ET, the futures indicated that the Dow would open 373.07 points lower on Thursday.



    Related

    Money managers are realizing that Trump isn't 'dependable enough' for the market: Cramer


    • CNBC's Jim Cramer attributes part of Tuesday's marketwide collapse to political uncertainty brought about by the Trump administration.
    • Money managers are realizing that the president doesn't take his economic policies "seriously enough to be considered dependable," the "Mad Money" host says.
    • And when money managers are faced with uncertainty, they tend to sell, Cramer says.

    Published 6 Hours Ago
    https://www.cnbc.com/2018/12/04/cram...ependable.html


    ĎChaos breeds chaosí: Trumpís erratic and false claims roil the globe. Again.
    December 4
    After his Argentine steak dinner last weekend with Chinese President Xi Jinping, President Trump announced that they had reached an ďincredible dealĒ to temporarily suspend his trade war. But days later, Trump declared, ďI am a Tariff man
    Trump last week proposed stripping away electric-car subsidies from General Motors as punishment for the automotive giant moving to cease production at plants in the United States and Canada. But then his chief economic adviser, Larry Kudlow, said the White House would do no such thing. Targeting a single company, he explained, would be illegal.

    https://www.washingtonpost.com/polit...7e7_story.html
    $#@! "the money managers." They have played a large role in where we are at now. Thank you Trump, for $#@!ing with "the money managers!"

  12. #670
    Quote Originally Posted by phill4paul View Post
    $#@! "the money managers." They have played a large role in where we are at now. Thank you Trump, for $#@!ing with "the money managers!"
    I don't think you get what we're about here at the Ron Paul Forums.

  13. #671
    Quote Originally Posted by Superfluous Man View Post
    I don't think you get what we're about here at the Ron Paul Forums.
    And what is that exactly?

  14. #672
    Quote Originally Posted by phill4paul View Post
    And what is that exactly?
    We are for bitching and moaning and supporting the globalist hegemon through inaction by being the enemy of imperfect.
    Glad I could clear that up for you.



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  16. #673
    Quote Originally Posted by specsaregood View Post
    We are for bitching and moaning and supporting the globalist hegemon through inaction by being the enemy of imperfect.
    Glad I could clear that up for you.
    Well, I went through a decade of not paying taxes. So...whatevs.

  17. #674
    Quote Originally Posted by phill4paul View Post
    $#@! "the money managers." They have played a large role in where we are at now. Thank you Trump, for $#@!ing with "the money managers!"
    Just to be clear, the article is quoting Jim Cramer on his evening show, not actually quoting any money managers. Trump may be confusing some money managers but he's not confusing the money powers. He's doing exactly what they want him to do, destabilizing markets and isolating the US on the global scene so as to justify the planned, systematic dumping of petrodollar hegemony.

    Quote Originally Posted by phill4paul View Post
    Well, I went through a decade of not paying taxes. So...whatevs.
    Please tell me you didn't start again just bc of Trump election...
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  18. #675
    Quote Originally Posted by devil21 View Post
    Just to be clear, the article is quoting Jim Cramer on his evening show, not actually quoting any money managers. Trump may be confusing some money managers but he's not confusing the money powers. He's doing exactly what they want him to do, destabilizing markets and isolating the US on the global scene so as to justify the planned, systematic dumping of petrodollar hegemony.
    He's roiling the market. I'm fine with that. Roil away.



    Quote Originally Posted by devil21 View Post
    Please tell me you didn't start again just bc of Trump election...
    No. Because I have to take care of my parents in their old age during the day. But, thanks for asking.

  19. #676
    Quote Originally Posted by CCTelander View Post
    Well we can't let a little, inconsequential thing like liberty get in the way of MAGA and Trump's megalomania now, can we?
    Liberty? Phffft- who needs liberty- especially when some on the forum know so much more about money/free trade/tariffs than Ron Paul or Rothbard.
    There is no spoon.

  20. #677
    Since June 2018, China has been loosening monetary and fiscal policies in an attempt to refloat the sinking red ponzi amid the shadow banking system's deflation.

    As the following chart from Goldman Sachs shows, it is not working as the Current Activity Indicator continues to slump...

    It seems no matter what China throws at it, the economy (or the market) won't behave as the text-books say it should. The crackdown on the shadow-banking system is hard to overcome it seems with even the most finely tuned hammer of monetary policy...


    As Goldman's Andrew Tilton (Chief Asia Economist) suggests:
    "...two challenges brought us here.
    Internally, policymakers’ efforts to constrain the growth of shadow banking and reduce financial risks worked almost too well. Financial regulations introduced in 2017 and early 2018 led to a meaningful contraction in shadow banking, which slowed overall credit growth and tightened credit conditions, particularly for private companies.
    And externally, the escalation in US tariffs raised questions about China’s export growth and damaged confidence in the economic outlook. As a result, our China Current Activity Indicator (CAI) has fallen nearly two percentage points from its 1H2018 average of over 7%."


    More at: https://www.zerohedge.com/news/2018-...ng-policy-path
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  21. #678
    One day after China reported the worst trade data in over half a year, with the trade war with Washington finally hitting exports hard, which rose only 5% in November or half the Wall Street forecast of 9.9%...


    ...while import growth tumbled to just 3%, far below the 14% Wall Street estimate even as Chinese imports from the US plunged 25% in November from a year earlier, the single biggest monthly decline since January 2017 when China's economy and capital markets were reeling in the aftermath of the Yuan devaluation and Shanghai Composite bubble bursting...



    ... on Sunday the bad news continued, when Beijing reporting that CPI inflation slowed to just 2.2% yoy in November, below the 2.4% estimate and down from 2.5% in October, while PPI inflation decelerated further to 2.7% yoy in November, from 3.3% in October.

    In sequential terms, headline CPI prices declined 1.5% in November, down notably from an increase of 3.5% in October.
    Among major subcategories, inflation in fresh vegetables dropped to 1.5% yoy in November from 10.1% yoy in October, with a meaningful sequential contraction. The decline in pork prices slowed slightly further to -1.1% yoy in November from -2.3% yoy. Sequentially pork prices increased for the sixth consecutive month, although the pace of increase moderated slightly in November.
    At the same time, non-food CPI inflation also slowed to 2.1% yoy in November from 2.4% yoy, primarily on what Goldman described as a high base effect (non-food prices up 3.4% mom s.a. ann. in November 2017), with prices down very slightly by 0.3% mom s.a. ann. Inflation in fuel costs went down markedly to 12.6% yoy in November from 22.0% yoy in October, while core inflation (headline CPI excluding food and energy) was unchanged at 1.8% yoy November. Inflation in medicine and medical care, which has been a major driver of the trend in core inflation in recent months, stabilized at 2.6% yoy in November, with a halt to its downward trend since September 2017.
    Meanwhile, wholesale price PPI inflation moderated for the fifth consecutive month to 2.7% yoy in November, the lowest since November 2016 (headline PPI inflation turned positive in September 2016). This implies an annual rate of -1.8% (s.a.) in November, the first sequential decline since June 2017. Inflation in the petroleum industry decelerated the most, and inflation in ferrous/nonferrous metals and chemicals also moderated notably, though somewhat offset by a pickup of inflation in coal mining industry.
    So what was behind the latest slowdown in consumer and producer prices?

    According to Goldman, CPI inflation pressure eased in November, primarily on lower inflation in vegetable and energy prices. The sequential momentum of vegetable prices has been weaker than the average seasonal pattern in recent two months, but it appears to have been normalizing in early December based on daily vegetable prices data. Pork prices have been broadly consistent with our expectation, trending up on hog cycle, although the net impact of the hog diseases in November was negative due to the selloffs by producers of live pigs.

    More at: https://www.zerohedge.com/news/2018-...west-two-years
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  22. #679
    The worst in over half a year? That's... not a very long period of time. Let's check the graph... oh, only 10% export growth?
    Quote Originally Posted by dannno View Post
    Trump hasn't even been in 6 months, you can't call him a boondoggle President unless he has overseen a military boondoggle for at least a year or two.


  23. #680
    Worsening costs, taxation, tech transfer and regulation prompt foreign-owned businesses to throw in the towel
    By James T. Areddy
    Dec. 7, 2018 10:37 a.m. ET
    SHANGHAI—Fifteen years ago in California, a tall technology geek named Steve Mushero started writing a book that predicted the American dream might soon “be found only in China.” Before long, Mr. Mushero moved himself to Shanghai and launched a firm that Amazon.com Inc. and Alibaba Group Holding Ltd. certified as a partner to serve the world’s biggest internet market.
    These days, the tech pioneer has hit a wall. He’s heading back to Silicon Valley where he sees deeper demand for his know-how in cloud computing. “The future’s not here,” said the 52-year-old.
    For years, American entrepreneurs saw a place in which they would start tech businesses, build restaurant chains and manage factories, making potentially vast sums in an exciting, newly dynamic economy. Many mastered Mandarin, hired and trained thousands in China, bought houses, met their spouses and raised bilingual children.
    Now disillusion has set in, fed by soaring costs, creeping taxation, tightening political control and capricious regulation that makes it ever tougher to maneuver the market and fend off new domestic competitors. All these signal to expat business owners their best days were in the past.
    The Trump administration is making a hard-nosed challenge to China using trade tariffs, investment controls and prosecution of technology thieves, and many in American business are cheering, if silently, having soured on the market after years of trying.
    At a curry luncheon hosted a few times a year by Steven Bourne, a law professor and 13-year resident of Shanghai from Massachusetts, guests these days chew over shrimp samosas and exit plans. On a recent Friday, a Swedish maker of beauty products said he would move his family to Hong Kong, where regulations are clearer and taxes are lower. An American art dealer who suffered when his rich clients got pinched by currency controls was headed to California.
    Another, Jack Tung, a 47-year-old who grew up near Philadelphia and had the costumes made for Hollywood movies like “The Painted Veil” and “The Great Wall,” said absorbing a sixfold rise in tailoring rates since 2003 changed China into a high-cost, low-profit, stressful hardship. He lost the feeling “it’s all happening” in Shanghai and will try Thailand.
    Expats always ebb and flow, said Mr. Bourne, but for entrepreneurs “it’s harder for them to live here now.”
    Relocations firm Santa Fe Group A/S said it moves more families out of China than into it these days. Enrollment at Shanghai American School—where annual tuition tops $30,000—is nearly 17% off its peak five years ago. The American Chamber of Commerce in China said 75% of its members are feeling less welcome. Its Shanghai chapter lost over 600 members in recent years, while a poll of U.S. businesses by the organization in manufacturing-heavy Guangdong found 70% may delay China investment or shift it overseas.
    “How can it be that those who know China best, work there, do business there, make money there, and have advocated for productive relations in the past, are among those now arguing for more confrontation?” former U.S. Treasury Secretary Henry Paulson asked at a November conference in Singapore.
    Many mark a turn in the climate for foreign businesses at around 2012. China was reckoning with how boom times had weighed it down with debt and overcapacity plus widespread corruption and appalling pollution. When Xi Jinping became Communist Party leader, he used the power of the state to shore up employment and living standards. Government-owned companies shielded from daily business hassles were in favor.
    Authorities stepped up scrutiny of visas and actively enforced pollution controls. A new social security law lifted local wages and made it tough to fire workers, so much that some employers called the policy a modern “iron rice bowl.” Mr. Xi reinforced China’s Great Firewall of internet controls; big domestic tech firms thrived while laws excluded foreign rivals or pressured them to share technology.

    More at: https://www.wsj.com/articles/america...d=hp_lead_pos5

    Also here: https://www.reddit.com/r/China/comme..._to_china_are/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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  25. #681
    As the arrest of Huawei CFO Meng Wanzhou threatens to unravel the tenuous trade truce between the US and China, one American company isn't sticking around to find out whether a more permanent solution to the trade war can be hammered out by the March "hard deadline."
    GoPro revealed Monday morning that it would move production of most of its cameras bound for the US market out of China by the summer of 2019 to "mitigate the impact" of its products being hit by US tariffs - a sign the company expects President Trump to move ahead with imposing tariffs on some $200 billion in Chinese goods early next year.
    According to a company press release, GoPro believes that a "diversified" approach to manufacturing could benefit its business regardless of whether more tariffs are implemented. GoPro added that, since it uses production facilities provided by a local partner, it expects to make this move "at a relatively low cost."
    GoPro today announced that it plans to move most of its US-bound camera production out of China by the summer of 2019 to mitigate the potential impact of inclusion on any new tariff lists. International-bound camera production will remain in China.
    "Today's geopolitical business environment requires agility, and we're proactively addressing tariff concerns by moving most of our US-bound camera production out of China," said Brian McGee, Executive Vice President and CFO of GoPro. "We believe this diversified approach to production can benefit our business regardless of tariff implications."
    McGee added, "It's important to note that we own our own production equipment while our manufacturing partner provides the facilities, so we expect to make this move at a relatively low cost."
    So, GoPro will continue manufacturing cameras for the Chinese market in China, while building cameras for the US market in the US. If anything, this would appear to validate Trump's argument that tariffs would lead to more domestically consumed products being manufacturing within the US.

    More at: https://www.zerohedge.com/news/2018-...tion-out-china
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  26. #682
    Despite numerous pitfalls and occasional arrests, the truce between Trump and Xi appears to be bearing fruit, or rather vegetables.
    According to Reuters, Chinese state-owned companies bought at least 500,000 tonnes of U.S. soybeans on Wednesday in the first major purchases since Trump and Xi met in early December and cobbled together a ceasefire in the trade war between the US and China.
    Citing one trader, Reuters said that at least nine cargoes traded and "there were probably more."
    A second trader with direct knowledge of the deals said Chinese state-owned firms bought at least 12 cargoes for shipment between January and March. "China was buying right out of the gate this morning. It looks like we're back in business now," the source said.

    More at: https://www.zerohedge.com/news/2018-...es-us-soybeans
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  27. #683
    Quote Originally Posted by Swordsmyth View Post
    Despite numerous pitfalls and occasional arrests, the truce between Trump and Xi appears to be bearing fruit, or rather vegetables.
    According to Reuters, Chinese state-owned companies bought at least 500,000 tonnes of U.S. soybeans on Wednesday in the first major purchases since Trump and Xi met in early December and cobbled together a ceasefire in the trade war between the US and China.
    Citing one trader, Reuters said that at least nine cargoes traded and "there were probably more."
    A second trader with direct knowledge of the deals said Chinese state-owned firms bought at least 12 cargoes for shipment between January and March. "China was buying right out of the gate this morning. It looks like we're back in business now," the source said.

    More at: https://www.zerohedge.com/news/2018-...es-us-soybeans
    STILL, not out tariffed. It get's better and better.

  28. #684
    Quote Originally Posted by phill4paul View Post
    STILL, not out tariffed. It get's better and better.
    And all we gave up was a temporary halt to new tariffs.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  29. #685
    The automobile industry in China has been crippled, partly as a result of this trade war, partly due to the ongoing domestic economic slowdown in the mainland, and absent major subsidies - which don't appear to be coming - the outlook for the rest of 2018 and 2019 is not promising. The collapse has been historic and according to new data, continued through November.

    November data confirmed a continuation of the ugly trends that we discussed last month. For instance, passenger vehicle wholesales were down 16.1% on the year, according to the China Association of Automobile Manufacturers. This data includes sedans, SUVs and crossover utility vehicles.

    November vehicle wholesales were also down well into the double digits, dropping 13.9% to 2.55 million units year-over-year. Total retail passenger vehicles fell 18% on the year and SUV sales fell 20.6% year-over-year to 854,289 units, according to the Passenger Car Association.
    As a result, CICC now expects China's full year production and sales to drop more than 5% year-over-year for 2018. This would be the first annual decline in Chinese car sales in nearly three decades.
    They also predicted that inventory levels at dealerships across the country will likely continue to rise as automakers "stuff channels" in hopes of fooling investors that sales are stronger than they are. The sales data for November suggested "much weaker demand in lower end segments and fears [of] competition in the SUV market" according to the CICC note.
    They association concluded that a turnaround for the sector is only likely after Spring Festival, which occurs in the beginning of February. CICC found that domestic brands are becoming more competitive in new energy vehicles and SUV’s, while Japanese carmakers still have the advantage in sedans.

    To be sure, this should not come as a surprise to regular readers as we have been reporting on the anemic numbers coming out of China in both October and November, although the severity of the slowdown has caught even the optimists by surprise.

    More at: https://www.zerohedge.com/news/2018-...cline-30-years
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

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    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  30. #686

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