the only thing Realjad knows about economics / tariff is that he doesn't understand it the dizzying height of ignorance ! heed the words of Lincoln, best to be silence and be thought as a fool than to speak and remove all doubts
in that connection, on the heels of Trump most recent rhetoric, China will likely not take part in the next tariffs talks if this is any indication ,the PRC has also caught on to the dotard's idiocy the PRC, along w the rest of the world had seen what happened last Feb, https://www.cnbc.com/2019/02/28/white-house-trump-kim-meetings-change-of-schedule.html, when the US delegation walked out of a scheduled Trump-Kim summit. it has come to the realization that Trump is posturing, acting as if he is doing another reality show on TV
LMAO are you kidding you do know that all he has done is the same thing that Bush sr did and it was the start of a semi depression.
all the ingredients for a trade war being played out; Trump is dug in, Xi is dug in. no one wins a trade war, as everyone gets hurt The Oracle of Omaha, Warren Buffett, the chief executive of Berkshire Hathaway, said that a trade war is "bad for the whole world."
this was Mon Trump rhetoric---threatening China w another layer of tariff---scared off Asian investors, the Asian stock market tanked ~ 2,5 hours after the Asian market closed the US market open w the DOW down 450 this was Tue on Wed, on its website, China's Commerce Ministry said in a statement it would retaliate with "necessary countermeasures" if the U.S. increased tariffs. at a rally late Wed, Trump said that "China broke the deal", on Thur, DOW open down 400
trump starts the day with a series of tweets, including the "China will pay for tariffs" lie. Meanwhile, negotiations with china are supposed to continue at 9am et...
Haven't certain people gotten tired of being wrong about this "trade war" and the "recession" we are supposed to be in? No, because they haven't got a clue.
I heard him repeatedly roasted on this lie on just about every news source I heard via radio yesterday, even those who were supportive of him. The US consumer will, overwhelmingly, pay for these. When it hits Walmart, we'll see if his support erodes at all, but I doubt it. A bunch of people would starve to death for this con man, their perceived alpha. Humans gonna human.
https://www.foxbusiness.com/economy/china-retaliation-us-tariffs-trade-talks Beijing promptly vowed to retaliate with “necessary countermeasures” in a major escalation. China can stop buying US treasuries; this has the effect of higher interest rate in the US devalue its currency; this lessens the effect of the tariff on chinese imports to the US
https://www.foxbusiness.com/economy/china-retaliation-us-tariffs-trade-talks Beijing promptly vowed to retaliate with “necessary countermeasures” in a major escalation. China can stop buying US treasuries; this has the effect of higher interest rate in the US, as well as making US farm products more expensive to the Chinese consumers devalue its currency; this lessens the effect of the tariff on chinese imports to the US as well as making US farm products more expensive to the Chinese consumers these two countermeasures blow the dotard's BS out of water
