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U.S. to delay some China tariffs as officials hold discussions (stocks surge)
market watch ^

Posted on 08/13/2019 7:14:51 AM PDT by janetjanet998

The U.S. will delay imposing 10% tariffs on certain Chinese products until Dec. 15, the U.S. Trade Representative's office said Tuesday. USTR said in a statement that the delay will apply to products including cell phones, laptop computers and video games.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Front Page News; News/Current Events
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Dow went from flat to up 400 in a matter of minutes
1 posted on 08/13/2019 7:14:51 AM PDT by janetjanet998
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To: janetjanet998

And if the exchange rate stays same, prices decrease


2 posted on 08/13/2019 7:20:35 AM PDT by Raycpa
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To: Raycpa

Just giving a little bit more time for supply chain adjustment.


3 posted on 08/13/2019 7:23:41 AM PDT by glorgau
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To: janetjanet998

Art of the Deal. Everyone needs to just take a chill pill.

That being said, we should all be prepared for the fact that sometimes what’s best for Wall Street is NOT what’s best for America in the long run.


4 posted on 08/13/2019 7:39:09 AM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer.)
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To: janetjanet998
President Trump is right...again!

(Gordon Chang: Trump's latest China tariffs are the right thing to do)

(Lou Dobbs and Gordon Chang Make the Case For Enhanced Chinese Tariffs…)

5 posted on 08/13/2019 7:43:20 AM PDT by yoe
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To: janetjanet998

Once again investors win, workers lose.


6 posted on 08/13/2019 8:11:39 AM PDT by 9YearLurker
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To: Buckeye McFrog

You get the Understatement of the Year Award! Congratulations!


7 posted on 08/13/2019 8:54:22 AM PDT by gr8eman (Only the mediocre are always at their best)
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To: gr8eman

Sometimes what’s best for Wall Street IS what’s best for America.

But not always. And the GOP has been handing them every single thing on their wish list for over thirty friggin’ years.

It’s why Trump got elected, and the GOP is in trouble.


8 posted on 08/13/2019 8:59:39 AM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer.)
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To: janetjanet998
How many times have the Chicom trade negotiators told us that this time, it's going to be different?


9 posted on 08/13/2019 9:17:38 AM PDT by SeekAndFind (look at Michigan, it will)
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To: janetjanet998

Recession risks grow as US-China trade uncertainty persists, Bank of America says:
Based on the escalating trade war Opens a New Window. , sluggish economic data and a weakened Federal Reserve arsenal, analysts believe there could be more than a 30 percent chance of a recession by the end of 2020.

“We are worried. We now have a number of early indicators starting to signal heightened risk of recession,” Michelle Meyer, Bank of America’s head of U.S. economics, wrote in a note to clients on Friday. “Our official model has the probability of a recession over the next 12 months only pegged at about 20%, but our subjective call based on the slew of data and events leads us to believe it is closer to a 1-in-3 chance.”

https://www.foxbusiness.com/economy/recession-risks-grow-us-china-trade-war-bank-of-america


10 posted on 08/13/2019 9:59:25 AM PDT by maxtheripper
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To: janetjanet998

>>>. USTR said in a statement that the delay will apply to products including cell phones, laptop computers and video games.

The trade rep that saved Christmas.


11 posted on 08/13/2019 10:40:22 AM PDT by oincobx
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To: oincobx

there goes that white house argument that chinese manufacturers are paying for the tariffs. obviously we’re picking up the tab


12 posted on 08/13/2019 12:44:56 PM PDT by MAGA_patriot
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To: MAGA_patriot

I know what you mean. I was expecting Trump to fix the trade imbalance with China in 30 seconds or less.


13 posted on 08/13/2019 1:49:57 PM PDT by TigersEye (This is the age of the death of reason.)
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To: janetjanet998

This makes President Trump look weak. Either get rid of tehm or put them on NOW.


14 posted on 08/13/2019 3:49:52 PM PDT by TBP (Progressives lack compassion and tolerance. Their self-aggrandizement is all that matters.)
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To: janetjanet998

Shows the idiots playground that stock market has become. A $30B tariff in a huge $22T economy wouldn’t even move the needle but boy o boy by all means lets buy up Trillions$$$ in stocks over it.


15 posted on 08/13/2019 3:54:47 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: 9YearLurker
Once again investors win, workers lose.

Worth repeating. I will vote for Donald the Fake in '20 and then I am done voting forever. Let the socialists have it.

16 posted on 08/13/2019 3:56:14 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: janetjanet998

Put china in the loss column for Trump? Because of Christmas? If he thinks the public can’t handle pain may as well throw in the towel.


17 posted on 08/13/2019 5:56:43 PM PDT by Sam Gamgee
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To: central_va

why bother with 2020? if you’re going to quit, quit now.


18 posted on 08/13/2019 8:07:34 PM PDT by JohnBrowdie
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To: janetjanet998

this is going to bitterly disappoint a lot of already bitterly disappointed people.


19 posted on 08/13/2019 8:08:39 PM PDT by JohnBrowdie
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To: TBP

> “This makes President Trump look weak.”

Not only that, it gives the communists breathing room just as they need to focus on crushing the Hong Kong protests.


20 posted on 08/13/2019 9:49:53 PM PDT by sun7
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