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Trump says he will increase tariffs on Chinese goods on Friday as he complains about pace of talks


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12 minutes ago, f7ben said:

Financial ruin like 1 trillion dollar budget deficits???? That kind?

No.  Our country has never experienced any financial ruin from budget deficits.  We almost did...then we just sent it down to Venezuela.  Whew...close one!  :lol: 

 

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10 minutes ago, Zambroski said:

No.  Our country has never experienced any financial ruin from budget deficits.  We almost did...then we just sent it down to Venezuela.  Whew...close one!  :lol: 

 

So dumb

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On 5/5/2019 at 4:39 PM, Mainecat said:

Trump says he will increase tariffs on Chinese goods on Friday as he complains about pace of talks

Last edited Sun May 5, 2019, 01:22 PM - Edit history (1)
Source: Washington Post

President Trump said on Sunday that he will increase tariffs on Chinese imports on Friday, unexpectedly setting what appears to be a new deadline to produce a comprehensive deal or trigger an escalation of the U.S.-China trade war. Just days before Chinese negotiators are scheduled to arrive in Washington, the president threatened to increase existing tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent and levy a new 25 percent fee on all remaining Chinese imports. 

In a pair of tweets, Trump accused China of trying to “renegotiate” terms of an agreement that negotiators have been racing to finish for the past five months. Chinese Vice Premier Liu He is scheduled to arrive in Washington on May 8 for what had been billed as potentially the concluding rounds of bargaining. 

U.S. officials have said they hoped to wrap up a sweeping deal soon, but Trump’s abrupt intervention adds a volatile new element to the end game. “The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!” the president tweeted shortly after noon on Sunday. 

The office of the U.S. Trade Representative, Robert E. Lighthizer, had no immediate response to a request for comment.

Read more: https://www.washingtonpost.com/business/trump-says-he-will-increase-tariffs-on-chinese-goods-on-friday-as-he-complains-about-pace-of-trade-talks/2019/05/05/774c2e92-6f53-11e9-9eb4-0828f5389013_story.html

 

So how'd the big crash go today ??   :bc:

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1 minute ago, Sal Rosenberg said:

 

So how'd the big crash go today ??   :bc:

China and Asian markets took a bit of a slump early, the Dow made a small “blip” then recovered....and Ben lost all his money again.

:lmao:

 

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53 minutes ago, Zambroski said:

China and Asian markets took a bit of a slump early, the Dow made a small “blip” then recovered....and Ben lost all his money again.

:lmao:

 

You left out poo 550 lost a lot of money on a 66 point drop.

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15 minutes ago, steve from amherst said:

You left out poo 550 lost a lot of money on a 66 point drop.

He and Ben were prolly burning up their PM boxes all day.  Lol

13 minutes ago, f7ben said:

Futures looked like about a 7.5% gain for me last night. Opened the day up 4.5% .....finished the day down $42 :lol:

Helluvaride!!!!

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6 minutes ago, Zambroski said:

He and Ben were prolly burning up their PM boxes all day.  Lol

Helluvaride!!!!

I'm in this play for the long haul. I know I'll hit mynprice target at some point. I was hoping sooner than later but if it takes a year or two that's fine. 

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4 hours ago, ford_428cj said:

A few tool shops around here are sending work to China. Word is from the owners - is that they will pull work back if tariffs go thru.

It's the AMERICAN BUSINESSMAN that caused this fukken problem, not the Chinese!!!!

 

They have created a devastating trade imbalance, and polluted our country with mechanical/electrical garbage. All Chinese products SUCK!!! Absolute garbage!!

Fukken American businessmen want more profit, so they can be the big shots on The Hamptons, and Lake Winnepesaukee. Fukken bastards.  

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11 hours ago, Polaris 550 said:

It's the AMERICAN BUSINESSMAN that caused this fukken problem, not the Chinese!!!!

 

They have created a devastating trade imbalance, and polluted our country with mechanical/electrical garbage. All Chinese products SUCK!!! Absolute garbage!!

Fukken American businessmen want more profit, so they can be the big shots on The Hamptons, and Lake Winnepesaukee. Fukken bastards.  

Very true. Pure greed. They lost some of their top notch tool guys now as a result too.

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