Trump and China call cease fire on tariffs

[Jhhnn]

Trump was just distracted. I mean, he has a lot on his mind, like Flynn, Manafort, Cohen & God only knows who else.

Oh, and the MAGA, of course.

 

[UNCjigga]

WTF is Trump Tariff Man smoking? Way to inspire confidence in the markets asshole! I actually thought executing a deal with China to end tariffs was within the realm of possibilities for this administration before year end. Silly me for believing!

 

[Victorian Gray]

So when do Trump and Pooh start exchanging love letters?

 

[fskimospy]

WTF is Trump Tariff Man smoking? Way to inspire confidence in the markets asshole! I actually thought executing a deal with China to end tariffs was within the realm of possibilities for this administration before year end. Silly me for believing!

It is unlikely that China or anyone else will be willing to make substantial trade commitments to Trump because they have no reason to believe he will not just come back with more demands.

I hope Trump supporters are starting to realize the downside to being a non-credible deal maker. You can use your unwillingness to abide by agreements to get some small, short term advantages but you do so at the cost of no one taking you seriously.

As I’ve always said China will attempt to offer small and/or symbolic concessions to hopefully get him to drop the entire idea. If that fails they will turn to waiting Trump out. At no point will they make large concessions because Trump is too erratic and too dishonest to make concessions worth it. Why make a deal where you sacrifice when the guy can’t be trusted to hold up his end?

 

[Bitek]

It is unlikely that China or anyone else will be willing to make substantial trade commitments to Trump because they have no reason to believe he will not just come back with more demands.

I hope Trump supporters are starting to realize the downside to being a non-credible deal maker. You can use your unwillingness to abide by agreements to get some small, short term advantages but you do so at the cost of no one taking you seriously.

As I’ve always said China will attempt to offer small and/or symbolic concessions to hopefully get him to drop the entire idea. If that fails they will turn to waiting Trump out. At no point will they make large concessions because Trump is too erratic and too dishonest to make concessions worth it. Why make a deal where you sacrifice when the guy can’t be trusted to hold up his end?

It took what, half a day or so for the markets to figure out this was complete bullshit and look what's happened.

I think Trump may be testing the axiom that presidents can't control the stock market.

They may not be able to in a positive way, or have the greatest influence over a long time period, but man, he can really f it up on a day to day basis with his wild tweeting and messaging.

I'm also wondering how much Trump generated risk is starting to be priced into the markets just due to the massive uncertainty, inconsistency and incoherence of his economic policies.

 

[fskimospy]

It took what, half a day or so for the markets to figure out this was complete bullshit and look what's happened.

I think Trump may be testing the axiom that presidents can't control the stock market.

They may not be able to in a positive way, or have the greatest influence over a long time period, but man, he can really f it up on a day to day basis with his wild tweeting and messaging.

I'm also wondering how much Trump generated risk is starting to be priced into the markets just due to the massive uncertainty, inconsistency and incoherence of his economic policies.

What I want to know is what morons are still trading based off what this administration says in response to meetings with foreign leaders. I want to trade with those guys.

 

[Bitek]

What I want to know is what morons are still trading based off what this administration says in response to meetings with foreign leaders. I want to trade with those guys.

It's almost comical to watch the Dow ticker over there last two days as the story has evolved and the fact that it's nonsensical bullshit came to be popularly understood.

IDK the logic, if it's algorithms or just a rush to be first, but we're swinging all over the place.

 

[blackangst1]

It's almost comical to watch the Dow ticker over there last two days as the story has evolved and the fact that it's nonsensical bullshit came to be popularly understood.

IDK the logic, if it's algorithms or just a rush to be first, but we're swinging all over the place.

I know its easy to say the market dropped based on the executive branch's activity; however, its more complicated than that. Part of that involves whats called the inverted yield curve. As the markets drop, it is often used to predict recessions. One of the largest triggers for this is automated sells. Just about every stock house have these in place. (This is a rude example but explains it) A marker could be "if such and such market drops more than x% or xpoionts, sell y". This could cause a several hundred drop tumble.

Only time will tell.

edit: for example, the month Trump announced the first round of China tariffs (January 2018) all the markets rose. If youre going to follow the logic Trump caused the drop, you have to cherry piock the rises. Which I dont think most people, especially investors, would be wise to do.

 

[jman19]

Looks like smoke and mirrors.

The emperor has no clothes. Hard to believe, I know.

 

[SlowSpyder]

China preparing to buy US soybeans and LNG.

Trump: right again.
AT P&N: Wrong again.

"Chinese officials have begun preparing to restart imports of U.S. soybeans and liquefied natural gas, the first sign confirming the claims of President Donald Trump and the White House that China had agreed to start buying some U.S. products "immediately.""

https://www.bloomberg.com/news/arti...e-preparing-to-buy-u-s-lng-and-soybeans-again

https://www.youtube.com/watch?v=S_fEITtfv4o

https://www.cnbc.com/2018/12/03/soy...-us-agricultural-products-in-trade-truce.html

 

[Jhhnn]

Why do I think this turns out like the de-nuclearization of Korea?

 

[Bitek]

Lol. The operative word being "restart".

All this fuss and rising prices just to get back to maybe where we were?

Wow. Impressive. How did this stable genius ever manage to bankrupt a casino?

 

[dawp]

and the trade was just restarted:

https://abcnews.go.com/Business/hua...ource_4380645_1_heads_hero_live_headlines_hed

 

[dawp]

Maybe after 2020, if Trump loses, they can use that. Trump has handcuffed himself to the economy/stock market and tossed the key. That's why he's losing his mind at the Fed constantly.

Trying that now would be like the attempt to run against Pelosi in hopes of keeping the House only to be swamped by a 40 seat loss and a popular vote margin not seen in decades.

this a pretty good read of the consequences of the trump years:

https://www.cnn.com/2018/12/05/opinions/trumps-damage-to-america-opinion-ghitis/index.html

basically says it'll be years before we repair all the damage trump has done, if we ever can.

 

[dawp]

WTF is Trump Tariff Man smoking? Way to inspire confidence in the markets asshole! I actually thought executing a deal with China to end tariffs was within the realm of possibilities for this administration before year end. Silly me for believing!

that's what happens with a pathological liar, you can not believe a word they say no matter how reasonable it seems.

 

[Demo24]

What I want to know is what morons are still trading based off what this administration says in response to meetings with foreign leaders. I want to trade with those guys.

At this point mostly just algo's. Alps if you'll notice when the market starts going a bit south out comes kudlow to "calm the waters". Can often get a bit of a pump up on his words, which usually then just fade away. Relatively easy to trade on these days, just sell the pumps.

 

[Paul98]

Going to open way down this morning

 

[MomentsofSanity]

and the trade was just restarted:

https://abcnews.go.com/Business/hua...ource_4380645_1_heads_hero_live_headlines_hed

This won't help.

The CFO of Huawei was detained in Canada while transferring flights at the request of the United States. She is awaiting extradition. Looks like it's related to Iran sanction violations possibly.

https://www.cnn.com/2018/12/05/tech/huawei-cfo-arrested-canada/index.html

 

[K1052]

Yeah...don't think the trade "truce" with the Chinese has them envisioning the arrest of tech corporate officers in third countries for extradition to the US.

 

[UNCjigga]

Yeah...don't think the trade "truce" with the Chinese has them envisioning the arrest of tech corporate officers in third countries for extradition to the US.

Especially when said CFO is the daughter of the founder and connected to higher echelon of the Communist Party.

 

[1prophet]

China is going to win in the end and Americans and their corporations have no one to blame but themselves due to their short sided greed where immediate profit only matters at the expense of everything else.

Americans have been brainwashed to have compartmentalized views and thus unable to see the long term big picture, they love their cheap Chinese goods while at the same time demanding high wages, environmental laws, labor laws, safety laws, healthcare, benefits, etc. when it comes their employment but are unwilling to pay for goods made under those same conditions, because they can't fathom or refuse to accept that someone else in another country doesn't enjoy their standard of living, so they can have those cheap goods.

The Chinese sacrificed their people and environment in order to rope in "profit only matters" Americans whose greed blinded them to the fact that China was using them to help bring the skills, trade secrets, and intellectual property to allow China to leap ahead while dumb Americans thought they were getting the better end of the deal,

Now some of them have woken up to this fact and are begging Trump to save them from themselves,

Too little too late.

 

[poohbear]

The question is, are they really interested in making a trade deal or are the whole tariffs their way of keeping China down? VP Pence himself made a speech saying China is a threat to American Hegemony and needs to be curtailed until they have some democratic institutions. Until that happens, the tariffs are just a smokescreen.

 

[alcoholbob]

This won't help.

The CFO of Huawei was detained in Canada while transferring flights at the request of the United States. She is awaiting extradition. Looks like it's related to Iran sanction violations possibly.

https://www.cnn.com/2018/12/05/tech/huawei-cfo-arrested-canada/index.html

Well we said we would prosecute anybody who stayed in the Iran deal including European companies. This is just the beginning. We'll see how long going unilaterally is going to work because a lot of this requires cooperation from other countries to execute such a policy. Overreaching will just accelerate the collapse of the dollar as the reserve currency.

 

[poohbear]

China is going to win in the end and Americans and their corporations have no one to blame but themselves due to their short sided greed where immediate profit only matters at the expense of everything else.

Americans have been brainwashed to have compartmentalized views and thus unable to see the long term big picture, they love their cheap Chinese goods while at the same time demanding high wages, environmental laws, labor laws, safety laws, healthcare, benefits, etc. when it comes their employment but are unwilling to pay for goods made under those same conditions, because they can't fathom or refuse to accept that someone else in another country doesn't enjoy their standard of living, so they can have those cheap goods.

The Chinese sacrificed their people and environment in order to rope in "profit only matters" Americans whose greed blinded them to the fact that China was using them to help bring the skills, trade secrets, and intellectual property to allow China to leap ahead while dumb Americans thought they were getting the better end of the deal,

Now some of them have woken up to this fact and are begging Trump to save them from themselves,

Too little too late.

I love how you generalize about Americans and Chinese as if they're just one group of people, all having the same uniform entities. 350 million people in America, 1.4 billion in China, I'm pretty sure there is an ENORMOUS variance among both as to how they should conduct themselves politically and economically. But hey, lets keep things simple and uni-dimensional.

 

[skooma]

At the signing ceremony for the new NAFTA deal, Trump apparently singed one copy in the wrong place. Everyone around him recognized the error, and Trudeau has an especially pained expression on his face. Trump, realizing that he's screwed it up, asks nonchalantly,"which is the one that matters". Trudeau says, "Each of us get a copy".

If you haven't cringed enough today, take a look at the clip: The man is smokin' hot..he's on a roll

https://twitter.com/MuhammadLila/sta...09790802784257

Hahah, when I watched that happening I thought it was trumpo taking his sweet time to sign that ridiculous signature of his. It makes so much more sense now.