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Trump Announces 'Very Substantial' But Partial China Trade Deal
International Business Times ^ | Oct. 11, 2019 | Douglas Gillison

Posted on 10/11/2019 3:56:42 PM PDT by Aquamarine

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1 posted on 10/11/2019 3:56:42 PM PDT by Aquamarine
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To: Aquamarine

Makes me mad. The article says 6:46 pm. That’s est. That would be 3 hours after the stock market closed. Gottawait till Monday to se the results.


2 posted on 10/11/2019 3:59:42 PM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: DIRTYSECRET

Look at stock charts around 3:40. the information already had an effect

the market had started to go down when it came out that Mnuchin would have a press conference at 1:45 then it quickly moved back up some even though it wasn’t about China.

Unclear what effect will happen on Monday as happened near the end of day.


3 posted on 10/11/2019 4:03:02 PM PDT by RummyChick ("Pills, money .. this city is wicked. Your best friend will kill you here." Smoove about Baltimore)
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To: RummyChick

Futures should give us a bit of a hint.


4 posted on 10/11/2019 4:09:48 PM PDT by traderrob6
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To: Aquamarine
Trump hailed China's pledged to rapidly ramp up purchases of American farm products, to a stunning figure of $40-50 billion. That would be a stunning feat, more than doubling from the prior level of less than $20 billion in 2017.

Total US agriculture exports were $140 billion in 2018, so that increase would mean a third would go to China.

Ah... no, isn't the take away that we should expect $170 billion in farm exports now?

Why would someone think the existing exports to existing trade partners would suddenly fall?

Failed logic...

5 posted on 10/11/2019 4:14:03 PM PDT by DoughtyOne (This space for rent.)
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To: RummyChick

The establishment has been trying to keep the market in check since it got past 26k. They keep dragging it down with some phony concern, and then it comes back and they find something new. They don’t want it to rise naturally, where it could go to 30k easily over the course of 6 months or so. That would guarantee Trump’s reelection. So they fight.

It may go up Monday, but there may also be some ridiculous “inverted yield curve” or Powell will claim there might be a recession, or Korea will set off some nukes (at China’s behest) or Iran will attack oil fields, etc. etc.


6 posted on 10/11/2019 4:22:43 PM PDT by Defiant (I hope the Russians trick me into voting for Trump again in 2020.)
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To: Aquamarine

China just bought themselves a delay of 12+ months.
We will not know for 12 months if China is fulfilling their commitment.

China routinely lies and ignores commitments. This “partial” deal was brilliant Chinese gambit to wait and see if Biden or some other democrat wins in 2020.

Finally the promise to buy US agricultural products is dwarfed by the size trade deficits. And it does nothing to fix the MAIN PROBLEM of loss of manufacturing jobs which are middle class jobs.


7 posted on 10/11/2019 4:25:54 PM PDT by entropy12 (You are either for free enterprise or for government price fixing. Can't be for both as convenient.)
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To: entropy12

The deal is a win....You’re twisting things to fit your nonsensical narrative. You’d make a good Democrat.


8 posted on 10/11/2019 4:34:23 PM PDT by Sacajaweau
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To: entropy12

Trump will make them regret his reelection if that’s what they’re waiting for. 12 months of delay will not pay dividends. Like the Fram commercial: pay me now or..


9 posted on 10/11/2019 4:34:37 PM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: Aquamarine
China gets what they want - no tariff increase, big ag gets what they want and the American people lose. That 5% increase was needed to raise revenue and to help balance trade.

The Chinese are laughing at us.

The rust belt is watching ( in horror )

10 posted on 10/11/2019 4:38:17 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Aquamarine
Please Mr President...allow the US membership in the International Postal Union lapse on October 17th.

This will put a crimp on Chicom distribution of Fentanyl in the US.

11 posted on 10/11/2019 4:39:44 PM PDT by spokeshave (If anything, Trump is guilty of attempting to obstruct injustice.)
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To: entropy12

This was a Loss!!! The worst part is Trump is proving he is just a run of the mill Republican. Kowtowing to big ag, subsidized tractor monkeys and worst of all the Chinese. The big loser is American industry and the forgotten American blue collar worker.


12 posted on 10/11/2019 4:41:32 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: entropy12

I have to strongly disagree with each of your statements, and only the first involves any opinion.

1) China isn’t waiting 12 months for additional hogs and soybean. We’ll see increased sales right away.

2) Data shows our trade deficit with China is down by almost a third this year. Not opinion, fact. This new deal will make that even better.

3) Manufacturing is better than it has been in decades. I’m guessing you were confused by the recent ISM report which lowered their SENTIMENT (read that as “guess”) of future growth. They think manufacturing will grow less fast...not shrink. Another fact.


13 posted on 10/11/2019 4:41:44 PM PDT by jdsteel (Americans are Dreamers too!!!)
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Comment #14 Removed by Moderator

To: Aquamarine

IMHO China would have preferred to wait and hope for someone other than Trump to deal with. Things in China must be even worse than I thought.


15 posted on 10/11/2019 4:42:48 PM PDT by jdsteel (Americans are Dreamers too!!!)
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To: Aquamarine; entropy12

Nothing like a Chinese trade victory to bring out the Free Traitors™ en masse.


16 posted on 10/11/2019 4:44:07 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

b/s


17 posted on 10/11/2019 4:45:00 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!)
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To: central_va

I disagree. The Commie Chincs bet against the Bolshies. Or, they are in more dire straights than we think.


18 posted on 10/11/2019 4:50:56 PM PDT by depressed in 06 (60 in '20. Now, more than ever!)
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To: jdsteel

It’s still a Third World country and a communist one at that.


19 posted on 10/11/2019 4:51:54 PM PDT by Aquamarine (Where we go one, we go all. ~ Q)
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To: Aquamarine
Great news.


20 posted on 10/11/2019 4:52:40 PM PDT by plain talk
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