Mainecat Posted August 23, 2019 Share Posted August 23, 2019 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 Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 23, 2019 Share Posted August 23, 2019 Trump has no idea how to respond to this. He is looking for any way out now that let's him claim some kind of victory. Trump is fucked 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 23, 2019 Author Share Posted August 23, 2019 2 minutes ago, f7ben said: Trump has no idea how to respond to this. He is looking for any way out now that let's him claim some kind of victory. Trump is fucked The markets gonna tank today. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 23, 2019 Share Posted August 23, 2019 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 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 23, 2019 Author Share Posted August 23, 2019 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. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 23, 2019 Share Posted August 23, 2019 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 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 23, 2019 Author Share Posted August 23, 2019 3 hours ago, f7ben said: Well....I guess we'll see -450 Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 23, 2019 Share Posted August 23, 2019 Just now, Mainecat said: -450 Yah....theres no bottom here. Let's see what Trump says this afternoon. Could be a wild ride Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 23, 2019 Author Share Posted August 23, 2019 -512 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 23, 2019 Share Posted August 23, 2019 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. Quote Link to comment Share on other sites More sharing options...
Pete Posted August 23, 2019 Share Posted August 23, 2019 13 minutes ago, Mainecat said: -512 Quote Link to comment Share on other sites More sharing options...
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