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China will retaliate with tariffs on $75 billion worth of US goods and resume auto duties


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More Trump winning....

  • Chinese State Council said it decided to slap tariffs ranging from 5% to 10% on $75 billion U.S. goods in two batches effective on Sep. 1 and Dec. 15.
  • It also said a 25% tariff will be imposed on U.S. cars and a 5% on auto parts and components, which will go into effect on Dec.15. China had paused these tariffs in April.

https://www.cnbc.com/2019/08/23/china-to-retaliate-with-new-tariffs-on-another-75-billion-worth-of-us-goods.html

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Just now, Mainecat said:

The markets gonna tank today.

I dont think so.....the market will view this as a bolstered case for the fed cutting rates more. The market loves them some fed crack.

If powell takes the wind out of those sails though watch out. He could move the market 1000pts today if hes a little too hawkish

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1 minute ago, f7ben said:

I dont think so.....the market will view this as a bolstered case for the fed cutting rates more. The market loves them some fed crack.

If powell takes the wind out of those sails though watch out. He could move the market 1000pts today if hes a little too hawkish

The fed won’t cut the rate. There’s not much to cut anyways and besides using it all up to keep Trumps economy floating won’t leave anything left for when it’s catastrophic next year.

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4 minutes ago, Mainecat said:

The fed won’t cut the rate. There’s not much to cut anyways and besides using it all up to keep Trumps economy floating won’t leave anything left for when it’s catastrophic next year.

Well....I guess we'll see

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4 hours ago, Mainecat said:

More Trump winning....

  • Chinese State Council said it decided to slap tariffs ranging from 5% to 10% on $75 billion U.S. goods in two batches effective on Sep. 1 and Dec. 15.
  • It also said a 25% tariff will be imposed on U.S. cars and a 5% on auto parts and components, which will go into effect on Dec.15. China had paused these tariffs in April.

https://www.cnbc.com/2019/08/23/china-to-retaliate-with-new-tariffs-on-another-75-billion-worth-of-us-goods.html

Awesome. 

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  • Trying to pay the bills, lol

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