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muffin
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Trade war with China escalates.....
05/13/19 at 13:24:23
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…..China hitting back with $60 Billion in tariffs.   Market takes a hit. Are Americans willing to take a little pain?   Will Trumps' 'art of the deal' succeed?
https://www.wsj.com/articles/china-to-raise-tariffs-on-certain-u-s-imports-11557...
« Last Edit: 05/13/19 at 15:29:24 by muffin »  

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Re: Trade war with China escalates.....
Reply #1 - 05/13/19 at 16:43:50
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Rand Paul says escalating the trade war could "cancel out any benefits from tax cuts" and "we could enter into recession".
https://www.foxnews.com/politics/paul-warns-trump-administration-against-escalat...
  

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Re: Trade war with China escalates.....
Reply #2 - 05/13/19 at 18:21:32
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This escalation is going to get complicated real fast:

https://www.statista.com/statistics/246420/major-foreign-holders-of-us-treasury-...

So if china retaliates by selling treasuries that drives interest rates up (bond price down makes yield go up) in the US, it also drives up the US dollar which in turn drives down other currencies which makes it harder for them to buy Chinese products hurting China which drives down the Yuan. 

I don't see much commentary on financial trade between the two countries. As usual people focus on the so called trade balance which tracks physical items, this too is a broken stat. A significant percentage of Chinese exports are actually made in Taiwan and assembled in China, these are counted as exports.

Then there is this dynamic: 


"Not Just Ukraine; Biden May Have A Serious China Problem As Schweizer Exposes Hunter's $1bn Deal"

https://www.zerohedge.com/news/2019-05-13/not-just-ukraine-biden-may-have-seriou...

... but the MSM would rather report on BS to resurrect the Muller report from the grave.  Roll Eyes Roll Eyes Roll Eyes



  

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Re: Trade war with China escalates.....
Reply #3 - 05/13/19 at 23:09:51
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Did anyone NOT see this coming?

I wonder just exactly what US goods were targeted.  Obviously they are things China needs. 

Let us see what happens when we see the sun come up again.
  
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