This is a big deal, and Chinese markets should take it hard on the chin when they open.
Yea! Great move by President Trump!
I hope this hits Ford, Chevrolet, and others for
investing in China!
Way to GO!
We don’t need China, they need US.
While a agree with Trumps actions here. It is going to be painful for our 401k accounts. I’ve lost 25% of the gains I have made this year already this week. I have painful memories of being up 11% in October of 2018 only to be down 1% for the year in December. I hope that does not happen again. Then again, I don’t need to access my 401k until about 2023. So should be recovered by then, provided we don’t elect another obama.
The US markets will tank tomorrow too. The Chinese were testing Trump and I expect them to make a deal within a week.
I don’t know if the markets will be lower Friday or Monday, I would guess Friday. I have cash that has been waiting for a downturn on news that will turn around. I have a major cash account I have been holding for this kind of knee-jerk market reaction. I may do half Friday and half Monday.
Then again the Chinese negotiators in DC who had suspended negotiations have now agreed to meet on Friday. Who knows what will transpire now.
China says they will retaliate - but there is not $200 billion of US imports remaining to them to raise tariffs on.
This round is the end of equivalent tit for tat exchanges of tariffs.
China is running out of ammo. The next (final) round, if imposed, would be largely one sided, and would likely send Chinese markets into crisis, their economy into recession, and risk a debt and/or asset bubble and/or currency crisis.
I’d guess this round will be triggering some stops on Chinese stock markets tomorrow. Much of the industry getting these tariffs will simply be leaving China, if the tariffs stay in place.
Ya’ know - I am seeing contradictory articles — what have Chinese stocks done since DT announced the 25% tariffs would go into effect?
China vows ‘necessary countermeasures’ against Trump tariff hike
Hate to sound wishy-wasgy but tonight’s markets are acting like this will all be smoothed out over the weekend.
Like Trump and Xi acting tough but have a deal in hand...
Guess we’ll see Monday.
Look for domestic food prices to drop. It will hurt farmers. But, that means conglomerates like ADM on Wall Street today.
Trump is not fucking around. He was 100% honest when he was saying China would wait him out for Biden. Trump is simply going ratchet the pressure up so much the Chinese cannot afford to wait.
They jump, but already Trump has tweeted that he’ll grant waivers. So to be seen how much of it gets held to.
Stock market will take a dump today. But this will hurt China more than the US. I’ve read that due to tariffs more than a few industries have relocated their factories to other countries.
Does anyone know what specific products from China will be hit with this increase?
I am having trouble finding out what exactly will be affected.
LOVE OUR PRESIDENT!
Excellent call, President Trump!
I love the smell of tariffs in the morning.
POTUS tweets this AM
Talks with China continue in a very congenial manner - there is absolutely no need to rush - as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S.......
....The process has begun to place additional Tariffs at 25% on the remaining 325 Billion Dollars. The U.S. only sells China approximately 100 Billion Dollars of goods & products, a very big imbalance. With the over 100 Billion Dollars in Tariffs that we take in, we will buy.....
....agricultural products from our Great Farmers, in larger amounts than China ever did, and ship it to poor & starving countries in the form of humanitarian assistance. In the meantime we will continue to negotiate with China in the hopes that they do not again try to redo deal!
Tariffs will bring in FAR MORE wealth to our country than even a phenomenal deal of the traditional kind. Also, much easier & quicker to do. Our Farmers will do better, faster, and starving nations can now be helped. Waivers on some products will be granted, or go to new source!
We have lost 500 Billion Dollars a year, for many years, on Crazy Trade with China. NO MORE!
The average 401(k) balance has SOARED since the bottom of the market - 466%. Wow!
Build your products in the United States and there are NO TARIFFS!
Will they be fixing the postage problem? Currently, Chinese goods are able to access our postal system for pennies while our shipping overseas is astronomically expensive. This needs to stop.