Results 1 to 18 of 18

Thread: China trade deal dead

  1. #1

    China trade deal dead

    I have so many feels right now...

    Assuming one believes there ever really was a "trade deal" being negotiated, instead of other agenda issues being hashed out under the cover story of a trade deal, ZH is reporting that the China trade deal that's supported markets for the last year+ is dead. Tariffs incoming so hold on to your wallets as prices rise. I personally think it's just the natural consequence of dollar global standard being dropped (where to export inflation now??), instead of any tariffs being implemented, but draw your own conclusions.

    https://www.zerohedge.com/news/2019-...325bn-goods-be

    So much for months and months of constant leaks, headlines, tweets, and press reports that US-China trade talks are going great, and are imminent amid an ocean of "optimism" (meant solely to sucker in amateurs into the most obvious bull headfake since 1987).

    Just after noon on Sunday, President Trump tweeted that 10% tariffs paid by China on $200 billion in goods will rise to 25% on Friday, and that - contrary to what he himself and his chief economist, Larry Kudlow has said for months, talks on a trade deal have been going too slowly.

    And, just to underscore his point, Trump also threatened to impose 25% tariffs on an additional $325 billion of Chinese goods “shortly.”

    ....of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!
    — Donald J. Trump (@realDonaldTrump) May 5, 2019

    With the tariff rate on numerous goods originally set at 10% and set to more than double in 2019, Trump postponed that decision after China and the US agreed to sit down for trade talks; following Trump's tweet it is now confirmed that trade talks have hit an impasse and that escalation will be needed to break the stalemate.

    It was as recently as Friday that Vice President Mike Pence told CNBC that Trump remained hopeful that he could strike a deal with China (at the same time as he was urging for a rate cut from the Fed).

    Curiously, on Wednesday, the White House - clearly hoping to sucker in even more naive bulls to buy stocks at all time highs - said the latest round of talks had moved Beijing and Washington closer to an agreement. Press secretary Sarah Sanders said, “Discussions remain focused toward making substantial progress on important structural issues and re-balancing the US-China trade relationship.”

    In recent weeks there were multiple reports that China and U.S. were close to a trade deal, and an agreement could come as soon as Friday. Major sticking points the U.S. and China have been intellectual property theft and forced technology transfers. There has also been disagreement as to whether tariffs be removed or remain in place as an enforcement mechanism.

    While it was not clear why Trump has decided to escalate his tariff policy, the most obvious explanation is that for a White House, which has been obsessed with pushing the S&P to record levels, this was the last lever it had at its disposal. And now that the S&P is back at all time highs, the lies can end, if only for the time being.
    Last edited by devil21; 05-05-2019 at 02:39 PM.
    "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



  2. Remove this section of ads by registering.
  3. #2
    Completely unsurprising.
    Quote Originally Posted by dannno View Post
    Trump - accidentally killing a few children in the fight against Islamic extremism so Soros doesn't murder thousands of children
    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.
    Quote Originally Posted by dannno View Post
    When Donald Trump talks about torture, I don't know what he really believes for sure, but he gets attacked on what he says unjustly by the media and many people here

  4. #3

    Thumbs down A New World Order, coming into view - Emperor Donald

    From a 10% shopping tax, to 25%. Crippling economic sanctions on Joe & Jane Sixpack until they cry for Global Emperor Trump to save them.



    Destroy the American Dollar, then the New World Order with Emperor Donnell.

    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    Quote Originally Posted by Swordsmyth View Post
    Trump is not ideal but he is the least of all possible goods
    DACA S**thole Dreamers - Make America Great Again?

  5. #4


    It's long past time to put an end to ChiCom government interference in the American market.
    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. #5
    Wall Street a smoking pile of ruble after Trump tariff tweets. 9/11 +25% tax.

    Stock market futures hit hard after Trump tweets tariff threat on Chinese goods


    President Donald Trump, despite repeated claims by the White House that trade talks with Beijing were progressing, announced Sunday on Twitter that tariffs on $200
    billion of Chinese goods will increase next week to 25% from 10%.

    “The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!” Trump wrote in the surprise announcement.

    He also threatened that the U.S. will impose 25% tariffs on another $325 billion of Chinese goods, just days after Vice President Mike Pence told CNBC that Trump was hopeful he could hammer out a deal with China.

    At last check, futures on the Dow YMM9, -1.65% were off by nearly 400 points, or 1.4%, while gold GCM9, +0.29% was moving higher.
    Here are Trump’s tweets:

    https://www.marketwatch.com/story/tr...-25-2019-05-05
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    Quote Originally Posted by Swordsmyth View Post
    Trump is not ideal but he is the least of all possible goods
    DACA S**thole Dreamers - Make America Great Again?

  7. #6
    Quote Originally Posted by RonZeplin View Post
    Wall Street a smoking pile of ruble after Trump tariff tweets. 9/11 +25% tax.

    Stock market futures hit hard after Trump tweets tariff threat on Chinese goods


    President Donald Trump, despite repeated claims by the White House that trade talks with Beijing were progressing, announced Sunday on Twitter that tariffs on $200
    billion of Chinese goods will increase next week to 25% from 10%.

    “The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!” Trump wrote in the surprise announcement.

    He also threatened that the U.S. will impose 25% tariffs on another $325 billion of Chinese goods, just days after Vice President Mike Pence told CNBC that Trump was hopeful he could hammer out a deal with China.

    At last check, futures on the Dow YMM9, -1.65% were off by nearly 400 points, or 1.4%, while gold GCM9, +0.29% was moving higher.
    Here are Trump’s tweets:

    https://www.marketwatch.com/story/tr...-25-2019-05-05
    Maybe it's time the real economy took precedence over the stock market and the American worker took precedence over globalist oligarchs.
    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

  8. #7
    Quote Originally Posted by RonZeplin View Post
    Wall Street a smoking pile of ruble after Trump tariff tweets. 9/11 +25% tax.

    Stock market futures hit hard after Trump tweets tariff threat on Chinese goods


    President Donald Trump, despite repeated claims by the White House that trade talks with Beijing were progressing, announced Sunday on Twitter that tariffs on $200
    billion of Chinese goods will increase next week to 25% from 10%.

    “The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!” Trump wrote in the surprise announcement.

    He also threatened that the U.S. will impose 25% tariffs on another $325 billion of Chinese goods, just days after Vice President Mike Pence told CNBC that Trump was hopeful he could hammer out a deal with China.

    At last check, futures on the Dow YMM9, -1.65% were off by nearly 400 points, or 1.4%, while gold GCM9, +0.29% was moving higher.
    Here are Trump’s tweets:

    https://www.marketwatch.com/story/tr...-25-2019-05-05
    Thanks Trump, was able to pick up some great deals at market open in some of my favorite holdings. Up on all of them for the day.

  9. #8
    https://www.reuters.com/article/us-u...-idUSKCN1SC00L

    They did it before when Trump increased tariffs.

    China considers canceling trade talks with U.S. after Trump vows new tariff hike: WSJ

    China is considering canceling trade talks with the United States this week after U.S. President Donald Trump vowed to hike tariffs on China, the Wall street Journal reported on Sunday citing a source.

    Earlier on Sunday, Trump announced he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon.

    The decision on whether talks will be canceled depends on whether Vice Premier Liu He goes to Washington as planned, the journal reported, citing a source, who added that canceling talks would conform to Chinaís strategy of not negotiating under threat.
    Trump has been claiming since February that he believed a trade deal could be finalized "soon". He initially said by sometime in March it would be finished. Just before his latest round of tariffs, he said it could be just a week away- maybe as soon as this Friday. The tariffs may scuttle an possible deal.
    Last edited by Zippyjuan; 05-06-2019 at 01:22 PM.
    "There is always a tweet. That has become accepted fact in the Trump presidency: For every pronouncement the President makes, there is at least one tweet from his past that directly contradicts his current view." -CNN

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



  10. Remove this section of ads by registering.
  11. #9
    Quote Originally Posted by Zippyjuan View Post
    https://www.reuters.com/article/us-u...-idUSKCN1SC00L

    They did it before when Trump increased tariffs.



    Trump has been claiming since February that he believed a trade deal could be finalized "soon". He initially said by sometime in March it would be finished. Just before his latest round of tariffs, he said it could be just a week away- maybe as soon as this Friday. The tariffs may scuttle an possible deal.
    He gave them every chance and they just wouldn't agree to play fair, it's time to pick up our toys and go home.
    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. #10
    Quote Originally Posted by Swordsmyth View Post
    He gave them every chance and they just wouldn't agree to play fair, it's time to pick up our toys and go home.
    Given Trump's record for dropping agreements, I would be very unwilling to enter into one with him. His word cannot be trusted.
    "There is always a tweet. That has become accepted fact in the Trump presidency: For every pronouncement the President makes, there is at least one tweet from his past that directly contradicts his current view." -CNN

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

  13. #11
    Quote Originally Posted by Zippyjuan View Post
    Given Trump's record for dropping agreements, I would be very unwilling to enter into one with him. His word cannot be trusted.
    LOL

    Given the nature of the agreements other countries have made with us we would be better off if nobody would make agreements with 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

  14. #12
    Quote Originally Posted by Zippyjuan View Post
    Given Trump's record for dropping agreements, I would be very unwilling to enter into one with him. His word cannot be trusted.
    That's probably one of the dumbest comments I've ever read. Do you know how many hundreds of billions of dollars in deals he has made in his life?

    How many of the deals that Trump "dropped" were deals that he made and both sides were working within the agreed paramaters?

    How about ZERO??

    The only agreements he has dropped were sweetheart deals made by corrupt politicians and agreements where one side was not working within the agreed parameters. That has nothing to do with "his word".
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  15. #13
    Quote Originally Posted by dannno View Post
    That's probably one of the dumbest comments I've ever read. Do you know how many hundreds of billions of dollars in deals he has made in his life?

    How many of the deals that Trump "dropped" were deals that he made and both sides were working within the agreed paramaters?

    How about ZERO??

    The only agreements he has dropped were sweetheart deals made by corrupt politicians and agreements where one side was not working within the agreed parameters. That has nothing to do with "his word".
    How many deals has the "Great Negotiator" reached since taking office? NAFTA which was the "worst deal ever" (he calls all agreements that) became USMCA which was the old NAFTA with Canada agreeing to buy a few more gallons of milk from us.
    "There is always a tweet. That has become accepted fact in the Trump presidency: For every pronouncement the President makes, there is at least one tweet from his past that directly contradicts his current view." -CNN

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

  16. #14
    PPT was out in force in the stock markets today. If you're a ticker watcher like I am, you can plainly identify when the PPT computers are turned on full blast.
    "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

  17. #15
    Some of you have no idea how this all works.

    The good cop/bad cop routine is mainly a ploy by Chinese Communist Party high up corrupt officials getting rich off the stock markets.

    CCP gets aggressive, plays tough on negotiations, dumps their stock to cause the plunge.

    buys the dips
    then goes back into passive position riding the stock market up.

    Rinse, repeat.
    How to plug a TWEET in post [ TWEET] [/TWEET ]

  18. #16
    Quote Originally Posted by eleganz View Post
    Some of you have no idea how this all works.

    The good cop/bad cop routine is mainly a ploy by Chinese Communist Party high up corrupt officials getting rich off the stock markets.

    CCP gets aggressive, plays tough on negotiations, dumps their stock to cause the plunge.

    buys the dips
    then goes back into passive position riding the stock market up.

    Rinse, repeat.
    Another good reason too pick up our toys and go home.
    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



  19. Remove this section of ads by registering.
  20. #17

    Thumbs down Plunge Protection Team - The Nuchie

    Quote Originally Posted by devil21 View Post
    PPT was out in force in the stock markets today. If you're a ticker watcher like I am, you can plainly identify when the PPT computers are turned on full blast.
    +rep

    Trump Plans to Convene Plunge Protection Team (PPT)



    End the Trump/Nuchie, End The FED
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    Quote Originally Posted by Swordsmyth View Post
    Trump is not ideal but he is the least of all possible goods
    DACA S**thole Dreamers - Make America Great Again?

  21. #18



Similar Threads

  1. Replies: 7
    Last Post: 03-02-2019, 04:06 AM
  2. Replies: 3
    Last Post: 04-13-2018, 05:16 AM
  3. Replies: 0
    Last Post: 11-11-2015, 01:37 AM
  4. Barack Obama: China might join trade deal ó eventually
    By Suzanimal in forum U.S. Political News
    Replies: 0
    Last Post: 06-04-2015, 12:38 PM
  5. Replies: 8
    Last Post: 03-28-2013, 12:16 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •