Trumpís tariffs are already backfiring


Walter
#151
Trump Wins Trade Battle With China
https://dailycaller.com/2018/12/02/t...ry-with-china/

MAGA I notice Analfloss has given up on losing.
 
Hoid
#152
Trump back down as usual.

He's already done enough to ruin the global economy. By 2020 he'll be headed for the door.
 
Bar Sinister
No Party Affiliation
+1 / -1
#153
Quote: Originally Posted by Walter View Post

Trump Wins Trade Battle With China
https://dailycaller.com/2018/12/02/t...ry-with-china/

MAGA I notice Analfloss has given up on losing.




So basically China and the US will continue buying from one another in the same way they did prior to Trump's deal. It looks very similar to the great deals Trump made with North Korea and the NAFTA renegotiation - in other words pretty much nothing.
 
Hoid
#154
China continues to displace America in terms of global influence.

https://www.cbc.ca/news/world/g20-ch...rica-1.4929316
 
pgs
Free Thinker
#155
Quote: Originally Posted by Hoid View Post

China continues to displace America in terms of global influence.

https://www.cbc.ca/news/world/g20-ch...rica-1.4929316

Wasnít the European Union supposed to do that ?
 
Hoid
#156
Nobody was supposed to do that.
 
Curious Cdn
Conservative
-1
#157
Quote: Originally Posted by pgs View Post

Wasnít the European Union supposed to do that ?

They may still do it if A) Brexit is halted and B) the United States of America continues it's headlong slide into oblivion.
 
Walter
#158
Headlong slide with the best economy of the G20. Progs be funny.
 
Curious Cdn
Conservative
#159
Quote: Originally Posted by Walter View Post

Headlong slide with the best economy of the G20. Progs be funny.

It's been the strongest economy of the G20 nations since WWII but they are getting weaker. China will pass them in just a couple of years thus ending a rein going back to 1944.
 
Walter
#160
Quote: Originally Posted by Curious Cdn View Post

It's been the strongest economy of the G20 nations since WWII but they are getting weaker. China will pass them in just a couple of years thus ending a rein going back to 1944.

It's been the strongest since Trump took office and getting stronger.
 
Walter
#161
Markets are jumping up all over the world today and the Dow is set to open with a big up-trend due to Trump’s maneuvers at the G20.

Art of the deal. MAGA
 
Hoid
#162
Dow is still basically flat for the year of tax cuts and "record employment"

it has not worked.
 
Bar Sinister
No Party Affiliation
+1
#163
Quote: Originally Posted by Curious Cdn View Post

It's been the strongest economy of the G20 nations since WWII but they are getting weaker. China will pass them in just a couple of years thus ending a rein going back to 1944.




Actually it goes back even farther than that. The US surpassed the UK and Germany as the world's foremost economy prior to 1900. Mind you at the end of WW II the US had 30% of the world's GNP.
 
Twin_Moose
Conservative
+1
#164
China factory activity shrinks for the first time in 2 years


Quote:

BEIJING - China's factory activity shrank in December for the first time in more than two years, an official survey showed Monday, intensifying pressure on Beijing to reverse an economic slowdown as it enters trade talks with the Trump administration.
The purchasing managers' index of the National Bureau of Statistics and an industry group, the China Federation of Logistics & Purchasing, fell to 49.4 from November's 50.0 on a 100-point scale. Any reading below 50 shows that activity is contracting. The December figure was the lowest since February 2016 and the first drop since July 2016.
In the quarter that ended in September, China's economic growth sank to a post-global crisis low of 6.5 per cent compared with a year earlier. The slowdown occurred despite government efforts to stem the downturn by ordering banks to lend more and by boosting spending on public works construction.
Forecasters expect annual growth of about 6.5 per cent, down slightly from 2017's 6.7 per cent. But some industry segments, including auto and real estate sales, have suffered more serious declines.
"Downward pressure on the economy is still large," economist Zhang Liqun said in a statement issued with the PMI.
Overall orders and exports both contracted, indicating that Chinese factories are suffering from weak demand at home and abroad. Exports to the United States kept growing at double-digit monthly rates through late 2018 despite President Donald Trump's punitive tariffs. But growth in exports to the rest of the world fell sharply in November and forecasters expect American demand to weaken in early 2019.
That adds to complications for Chinese leaders who are trying to reverse a broad economic slowdown and avert politically dangerous job losses.
Chinese and U.S. envoys are due to meet in early January for negotiations that are intended to resolve their economically threatening trade war. Over the weekend, Trump sounded an optimistic note, tweeting that he had spoken with President Xi Jinping by phone.
"Deal is moving along very well," Trump tweeted. "If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!"
But economists say the 90-day moratorium on new penalties that was agreed to by Trump and Xi on Dec. 1 is likely too little time to resolve their sprawling dispute.
Chinese economic activity already was weakening after Beijing tightened controls on bank lending in late 2017 to cool a debt boom. The downturn was more abrupt than expected, which prompted regulators to shift course and ease credit controls. But they moved gradually to avoid reigniting a rise in debt. Their measures have yet to put a floor under declining growth.
Chinese leaders promised at an annual economic planning meeting in mid-December to shore up growth with tax cuts, easier lending for entrepreneurs and other steps.

 
Twin_Moose
Conservative
+1
#165
Crazy-rich Iranians face blowback at a time of sanctions and economic stress
 
Walter
#166
Sizable distance to go in trade talks with China
https://www.oann.com/

Art of the deal. MAGA



 
Hoid
#167
Unable to make deal is art of the deal.
 
Walter
#168
Kudlow: China Trade Deal Likely by April, Will be Positive For U.S. Jobs
https://www.oann.com/kudlow-china-tr...-for-u-s-jobs/

Very positive prediction from a very bright man.
 
Hoid
#169
Kudlow is the perfect spokesmen for the make-believe economics of the fake president
 
pgs
Free Thinker
#170
Quote: Originally Posted by Hoid View Post

Kudlow is the perfect spokesmen for the make-believe economics of the fake president

You must have short sold the American markets after Trumps election like any smart person was told to do .
 
Hoid
#171
I have nothing to do with American markets, like any other smart person.

I could have bought GE at $30


The horror
 
pgs
Free Thinker
#172
Quote: Originally Posted by Hoid View Post

I have nothing to do with American markets, like any other smart person.

I could have bought GE at $30


The horror

Woooshhh .
 
Cliffy
Free Thinker
#173
 
pgs
Free Thinker
#174
Quote: Originally Posted by Cliffy View Post

Wow an upside down owl out in the daylight . What does it signify?
 
Cliffy
Free Thinker
#175
He's looking at you, pigs, and wonder how anybody could possibly make constant, stupid, ignorant remarks every day and add absolutely nothing to any conversation.
 
Hoid
#176
Trump sets all time record for trade deficit.

That is how well the game show host is doing on that issue.
 
pgs
Free Thinker
#177
Quote: Originally Posted by Cliffy View Post

He's looking at you, pigs, and wonder how anybody could possibly make constant, stupid, ignorant remarks every day and add absolutely nothing to any conversation.

Well a talking owl , did he tell you all that ? Talk about delusional.
 
Curious Cdn
Conservative
#178
Quote: Originally Posted by pgs View Post

Woooshhh .

Was that you farting, Gramps?
 
Cliffy
Free Thinker
#179
Quote: Originally Posted by pgs View Post

Well a talking owl , did he tell you all that ? Talk about delusional.

Talk about Whooosh!
 
Cannuck
No Party Affiliation
#180
https://www.thebalance.com/u-s-china...utions-3306277
Trade deficit with China is going nowhere but up under Trump. Complete failure!!!
 

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