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

  1. #1051
    Quote Originally Posted by Zippyjuan View Post
    Note that there is a coma after "Taxes", not a colon. That means Congress shall have the Power to lay and collect "Taxes and Duties and Imposts and Excises".
    If congressional power to impose any tax, of any kind, was absolute, why did it take a constitutional amendment to impose income taxation?



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  3. #1052
    Quote Originally Posted by Zippyjuan View Post
    In December, they bought 13 million metric tons of soybeans. Then Trump added tariffs and they ended purchases. This is a drop in the bucket from what they bought before the trade war- only 200,000 metric tons a month.

    https://moneyandmarkets.com/china-ha...hase-soybeans/
    They don't need nearly so many soybeans now that most of their pigs are dead and we can sell to other buyers.
    The point is that they are getting desperate enough to back off and start buying from us again while we are doing just fine.
    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. #1053
    Chicago Board of Trade soybean futures have been rising for the past 14 days, a total of +6.64%, on reports, China is granting new waivers to several domestic state and private companies to purchase U.S. soybeans without being subject to tariffs, according to Bloomberg. The companies received waivers for between 2 million to 3 million tons, sources told Bloomberg. Collectively, these firms bought 20 cargoes, or about 1.2 million ton of the soybeans from the U.S. Pacific Northwest on Monday.

    More at: https://www.zerohedge.com/political/...art-next-month
    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

  5. #1054
    China said Thursday it has purchased a “considerable” amount of U.S. soybeans and pork ahead of the next round of trade talks in Washington.
    Ministry of Commerce spokesperson Gao Feng said at a press conference that the U.S. and China are maintaining “close communication” in preparation for the negotiations next month. He confirmed China has resumed its purchase of American farm goods and said the tariffs on those orders will be exempted.

    More at: https://www.cnbc.com/2019/09/26/chin...-products.html
    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

  6. #1055
    Quote Originally Posted by Swordsmyth View Post
    China said Thursday it has purchased a ďconsiderableĒ amount of U.S. soybeans and pork ahead of the next round of trade talks in Washington.
    Ministry of Commerce spokesperson Gao Feng said at a press conference that the U.S. and China are maintaining ďclose communicationĒ in preparation for the negotiations next month. He confirmed China has resumed its purchase of American farm goods and said the tariffs on those orders will be exempted.

    More at: https://www.cnbc.com/2019/09/26/chin...-products.html
    Subsidies and sales? Must be nice to make sales and get bailed out by taxpayers at the same time.
    "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

  7. #1056
    Quote Originally Posted by devil21 View Post
    Subsidies and sales? Must be nice to make sales and get bailed out by taxpayers at the same time.
    It's almost as nice as getting subsidized goods from China while getting welfare after the Chinese put you out of a job.
    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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  9. #1057
    Quote Originally Posted by Swordsmyth View Post
    It's almost as nice as getting subsidized goods from China while getting welfare after the Chinese put you out of a job.
    It probably is. Shame most of us that foot the bills don't benefit from either scenario. I doubt anyone on RPF is receiving welfare payments or taxpayer bailouts. I'm sure we have a few on the govt tit in other ways, however...

    Where do I sign up to make sales as usual and still get giant taxpayer funded handouts? Or does that double-dipping only apply to farm belt voters and corporations?
    "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

  10. #1058
    Quote Originally Posted by devil21 View Post
    It probably is. Shame most of us that foot the bills don't benefit from either scenario. I doubt anyone on RPF is receiving welfare payments or taxpayer bailouts. I'm sure we have a few on the govt tit in other ways, however...

    Where do I sign up to make sales as usual and still get giant taxpayer funded handouts? Or does that double-dipping only apply to farm belt voters and corporations?
    We should oppose the bailouts and welfare for anyone, but letting China turn us into a giant welfare plantation is not an option.
    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

  11. #1059
    Excluding food and energy, producer prices decreased 0.3% in September from the prior month, compared with forecasts for a 0.2% increase.
    Both headline and core PPI saw notable YoY slowdowns (although core PPI is at 2.0% or above for the 27th month in a row)...



    Under the hood is a sea of deflation...

    The cost of goods fell 0.4% after dropping 0.5% the previous month.
    Nearly half of the September decline in prices for final demand services can be traced to the index for machinery and vehicle wholesaling, which fell 2.7 percent. The indexes for automotive fuels and lubricants retailing; apparel, jewelry, footwear, and accessories retailing; airline passenger services; gaming receipts (partial); and professional and commercial equipment wholesaling also moved lower. Conversely, prices for hospital outpatient care rose 1.1 percent.
    Three-fourths of the September decrease in the index for final demand goods can be traced to prices for gasoline, which fell 7.2 percent. The indexes for electric power, iron and steel scrap, basic organic chemicals, fresh and dry vegetables, and light motor trucks also moved lower. Conversely, prices for meats rose 1.9 percent.
    Theoretically, this provides Powell with some more ammo for cutting rates BUT we note that despite all the mainstream media screaming over tariff-driven price surges crushing the consumer - there is no evidence of it at all.


    More at: https://www.zerohedge.com/economics/...gest-drop-2015
    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

  12. #1060
    Quote Originally Posted by Swordsmyth View Post
    Excluding food and energy, producer prices decreased 0.3% in September from the prior month, compared with forecasts for a 0.2% increase.
    Both headline and core PPI saw notable YoY slowdowns (although core PPI is at 2.0% or above for the 27th month in a row)...



    Under the hood is a sea of deflation...

    The cost of goods fell 0.4% after dropping 0.5% the previous month.
    Nearly half of the September decline in prices for final demand services can be traced to the index for machinery and vehicle wholesaling, which fell 2.7 percent. The indexes for automotive fuels and lubricants retailing; apparel, jewelry, footwear, and accessories retailing; airline passenger services; gaming receipts (partial); and professional and commercial equipment wholesaling also moved lower. Conversely, prices for hospital outpatient care rose 1.1 percent.
    Three-fourths of the September decrease in the index for final demand goods can be traced to prices for gasoline, which fell 7.2 percent. The indexes for electric power, iron and steel scrap, basic organic chemicals, fresh and dry vegetables, and light motor trucks also moved lower. Conversely, prices for meats rose 1.9 percent.
    Theoretically, this provides Powell with some more ammo for cutting rates BUT we note that despite all the mainstream media screaming over tariff-driven price surges crushing the consumer - there is no evidence of it at all.


    More at: https://www.zerohedge.com/economics/...gest-drop-2015
    STILL not out tariffed. And none of the 'doom and gloom' scenarios have come to fruition. Lol.

  13. #1061
    In a time when China is losing between a third and half of its pig herds as a result of the unprecedented decimation unleashed by African swine fever - less affectionately known as pig ebola - which has sent wholesale pork prices in China soaring to all time highs...


    ... and prompted local farmers to breed pigs the size of polar bears...


    ... China is increasingly finding itself at America's mercy.
    As Bloomberg reports, as China's hog herd is collapsing, Beijing's imports of U.S. pork exploded to a weekly record.
    According to USDA data, in the week ended Oct. 3, pig imports soared to 142,200 metric tons, more than 7 times greater than September's total shipments of 19,900 tons.

    China signaled it may import as much as 400,000 tons to stem a domestic shortfall, and it now appears that the US may be the easiest source of said pigs, which needless to say grants the US substantial leverage in the ongoing trade talks. The swine fever outbreak killed millions of pigs. The country also appeared poised to boost purchases of agriculture products as a good-will gesture before talks between Washington and Beijing on easing trade tensions.

    More at: https://www.zerohedge.com/markets/ch...ces-pig-crisis
    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

  14. #1062
    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

  15. #1063
    Remember all that talk about China buying 50billion in soybeans? I know this will be shocking but that was......

    FAKE NEWS

    China buying Brazil's soybeans out-of-season, not American soybeans
    https://www.zerohedge.com/commoditie...us-trade-talks

    Chinese state-owned firms COFCO and Sinograin, which are exempt from US tariffs, have no intention of purchasing US soybeans unless spot prices drop, said one of the exporters.

    After the Trump administration spent several weeks pumping the stock market on headlines describing China repurchasing soybeans, White House economic adviser Larry Kudlow on Thursday finally admitted that for China to buy $50 billion worth of US agriculture good, it would depend on spot prices.

    On Tuesday, China said that it would struggle to buy $50 billion of US agriculture products if the Trump administration doesn't remove retaliatory tariffs on some products. Something that President Trump cannot afford to do because it would allow China to continue its ascension as a global superpower.
    "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

  16. #1064
    Quote Originally Posted by devil21 View Post
    Remember all that talk about China buying 50billion in soybeans? I know this will be shocking but that was......

    FAKE NEWS

    China buying Brazil's soybeans out-of-season, not American soybeans
    https://www.zerohedge.com/commoditie...us-trade-talks
    It's just their attempt to get us to keep letting them rob us, they are choosing self destruction over playing fair.
    We will be fine without them, they will collapse without us, that's always the way it is with a parasite and its host.
    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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  18. #1065
    Looks like what's really happening is that China isn't buying American soybeans, the Trump administration is simply lying to keep markets afloat and voters subdued, while small farmers are going bankrupt from lack of sales and no bailouts. The Feds are passing out the billions in bailout money to the factory corporate farms, who are in turn using that bailout money to buy up those neighboring small distressed farms.

    Eventually, the production of much of these factory corporate farms will be sent to China to feed their populations, while American's food prices continue to rise due to dollar devaluation and emerging food scarcity. The small farmer, by then, will have been squeezed out entirely. #MAGA?
    "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

  19. #1066
    Quote Originally Posted by devil21 View Post
    Looks like what's really happening is that China isn't buying American soybeans, the Trump administration is simply lying to keep markets afloat and voters subdued, while small farmers are going bankrupt from lack of sales and no bailouts. The Feds are passing out the billions in bailout money to the factory corporate farms, who are in turn using that bailout money to buy up those neighboring small distressed farms.

    Eventually, the production of much of these factory corporate farms will be sent to China to feed their populations, while American's food prices continue to rise due to dollar devaluation and emerging food scarcity. The small farmer, by then, will have been squeezed out entirely. #MAGA?
    LOL

    The Chinese lie and it's Trump's fault?

    Farms are doing just fine, soybean prices are typical and any trouble some farms may be having is due to other factors.
    And the damage the Chinese were doing to the rest of our economy was far worse than anything the farms may experience from China trying to blackmail us into continuing the status quo that allows them to rob us blind.

    China is destroying itself and America will only get better as we reverse the destruction caused by years of allowing them to prey on us.
    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

  20. #1067
    It still apparently hasn't sunk in yet to most that all of this is about managing the unwinding of the global dollar reserve standard. The bankers that surround Trump will NEVER outright state (or let him state it, assuming he even knows) this fact. Dollar recycling through China, Saudi petrodollar, etc. Until one accepts that these are all various cover stories, symptoms and outright FAKE NEWS lies, to veil the global banker's intentional unwinding of the global dollar, they will remain reactionary, easily led by media and pretty much clueless to what's really going on.
    "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

  21. #1068
    Quote Originally Posted by devil21 View Post
    It still apparently hasn't sunk in yet to most that all of this is about managing the unwinding of the global dollar reserve standard. The bankers that surround Trump will NEVER outright state (or let him state it, assuming he even knows) this fact. Dollar recycling through China, Saudi petrodollar, etc. Until one accepts that these are all various cover stories, symptoms and outright FAKE NEWS lies, to veil the global banker's intentional unwinding of the global dollar, they will remain reactionary, easily led by media and pretty much clueless to what's really going on.
    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. #1069
    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

  23. #1070
    Is the Trump trade war finally working?
    The US trade balance (deficit) shrank in September (from -$55.0bn to -$52.5bn), improving by 6.5% YoY - the biggest shrinkage in the deficit since Sept 2016...



    Overall exports decreased 0.9% to $206 billion while imports slid 1.7% to $258.4 billion.
    Trade with China has tumbled since the tariff war began in earnest in 2018. In the first nine months of 2019, merchandise imports from China are down 13.5% and exports to the country have dropped 14.6%, according to Commerce Department data.
    The trade balance with China improved sequentially for the second month in a row, and has improved YoY for nine months in a row...



    More at: https://www.zerohedge.com/economics/...-trade-tumbles
    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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