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TRADE THREAD- President Trump signs Phase One of China agreement, China promises to double its purchases in 2020 (4 Viewers)
- Thread starter timschochet
- Start date
Henry Ford
Footballguy
We should probably discuss Trump's trade advisor in here. Peter Navarro.
Apparently his stock market guru/Harvard alum coauthor for most of his books "Ron Vara" is best friends with John Barron.
Trump's 'China Muse' Has an Imaginary Friend
It's all made up. Shocking, I know, for such great advice.
Apparently his stock market guru/Harvard alum coauthor for most of his books "Ron Vara" is best friends with John Barron.
Trump's 'China Muse' Has an Imaginary Friend
It's all made up. Shocking, I know, for such great advice.
Henry Ford
Footballguy
"Who Is Vara?"
Apparently no one questioned the guy who allegedly rode out a hurricane on a houseboat, but Australian professor Tessa Morris-Suzuki started looking into him and realized the anagram "Ron Vara = Navarro."
Apparently no one questioned the guy who allegedly rode out a hurricane on a houseboat, but Australian professor Tessa Morris-Suzuki started looking into him and realized the anagram "Ron Vara = Navarro."
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![[scooter]](/data/avatars/m/22/22287.jpg?1659477690){kind=avatar}
[scooter]
Footballguy
Henry Ford
Footballguy
OrtonToOlsen
Footballguy
Henry Ford
Footballguy
I want to see the names he decided against.
Ron Vara
Henry Ford
Footballguy
Henry Ford
Footballguy
You know what they say. If you’re losing a war, best idea is to open up a second front.
msommer
Footballguy
Good rule of advice: if Hitler tried it(in this case the war on two fronts, relax folks), maybe go in another direction.
The Z Machine
Footballguy
Yeah, these tariffs are very different than the ones imposed on China (and for the steel and Aluminum tariffs). The latter were not done through the WTO, but by Trump waving his magic marker and saying, "I'm imposing these for national security reasons." Which is obviously bunk.
The EU tariffs are a punishment, arbitrated through the WTO, for illegal EU subsidies for Airbus, which hurt US businesses, especially Boeing.
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That one guy
Footballguy
He’s probably just a fan of Mike Vick[scooter] said:
sho nuff
Footballguy
[NotReallyTrump] I like Mike Vick...but that Ron Mexico is a bad hombre[/NotReallyTrump]
to clarify, that is a satirical non quote I made up..
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Sheriff Bart
Footballguy
beef
Footballguy
These tariffs will be suspended once, and only if, the G7 submits their attendance RSVPs to Doral.
Henry Ford
Footballguy
Mr. President, your polls are really not going well this winter. Maybe we should invade Russia in a month or two?
Norman Paperman
Footballguy
meh - this has been a long time coming, and very much expected. I doubt it causes much of a ripple.
The Commish
Footballguy
Plenty to dump at Trump's feet....this isn't one of those things. It will be interesting to see if the EU will successfully sue the US for their allegations around propping up Boeing. I think those hearings start soon.
The Z Machine
Footballguy
I assume it's through the WTO as well. You know, the proper way to arbitrate trade disputes between members...
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The Commish
Footballguy
Dan Lambskin
Footballguy
msommer
Footballguy
Read the other day that due to the Swine flu raging in China, pork prices for Danish pork is now the highest since 2000 (this despite the Russian embargo on EU pork and other meats). It is not imposssible that a small thanks is owed to Trump for succesfully keeping the American pork producers from sending pork to this lucrative market. Should that go in the silver inings thread? 
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Rockchild
Footballguy
Not sure if this is the right thread for this but it kind of ties into trade.
https://www.bloomberg.com/news/features/2019-10-18/gm-s-electric-and-autonomous-vehicles-are-leaving-workers-behind?utm_source=pocket-newtab
https://www.bloomberg.com/news/features/2019-10-18/gm-s-electric-and-autonomous-vehicles-are-leaving-workers-behind?utm_source=pocket-newtab
Henry Ford
Footballguy
GDP growth in at 1.9% for the quarter. That’s 3 of the last 4 quarters at or under 2%, and the first time in 10 years with two consecutive quarters of lower GDP growth.
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The Commish
Footballguy
Sheriff Bart
Footballguy
Henry Ford
Footballguy
2 1/2 years of Trump policy, including doubling our deficits. It may be time to start asking “is this working?”
Sheriff Bart
Footballguy
Donald J. Trump @realDonaldTrump 1h1 hour ago
The Greatest Economy in American History!
Its the wrong question - and will lead to the wrong answer.
Of course its not good policy. But, it is having the desired effect: short-term bump in stock prices. Sadly, for many, the short-term bump in stock prices means "Its Working, baby!"
Hmm - just saw this:
And now Chile's president has cancelled the APEC summit next month.
This throws the Trump-Xi meeting and "phase one" trade deal signing up into the air.
At the very least, I suppose it creates a delay on the non-existent "phase one" deal until US and China can figure out a different meeting time/place.
And now Chile's president has cancelled the APEC summit next month.
This throws the Trump-Xi meeting and "phase one" trade deal signing up into the air.
At the very least, I suppose it creates a delay on the non-existent "phase one" deal until US and China can figure out a different meeting time/place.
The General
Footballguy
The Z Machine
Footballguy
The Commish
Footballguy
And I want to be clear yet again...some don't get it. My comments in this thread are a commentary on the talking points thrown out to defend Trump, not of the economy at large. We are a "confidence based" economy now, so as long as people "think" it's doing ok, it's doing ok. Been saying this from day one. People use a myriad of reasons to determine positive/negative to their specific situation. This "people vote with their pocketbooks" stuff is true. What's not true is all people using the stock market as part of their collective "pocketbook". What's not true is all people using GDP as their basis for positive/negative. Those were all criteria Trump and his supporters have used to assert positive/negative....now what? Truth is, most people, especially the middle class and below don't have 401Ks, can't afford to be in the stock market and have no clue what GDP is.
adonis
Footballguy
It's also going to mean the likely downturn in markets if a Democrat is elected will be a sign that democrats are bad for the economy by all who think things are going great now.
I feel like this is going to get buried - but is a relatively significant development towards the trade deal.
I raised this point in another thread.
All the Dem candidates have grand ideas - but I don't know how they will be able to afford even a modest version of their plans, while at the same time dealing with the fall-out in the economy.
I am surprised even the ardent Trump supporters don't understand the problem with giving tax cuts to the investor class, and running massive deficits in a growing economy is a really bad policy, that can only end one way. And, now, you've wasted two pretty big levers that are useful for helping to get an economy out of a lull.
msommer
Footballguy
The Commish
Footballguy
Is it? The fake deal isn't going to have a fake meeting at the APEC summit? This is where we're at now
Mile High
Footballguy
China is balking at President Trump’s demand that Beijing commit to doubling imports of US agricultural and the issue has become a roadblock to ending the trade war between the countries with the world’s two largest economies, a report said Wednesday.
Trump has said publicly that China could buy as much as $50 billion of US farm products, more than double the annual amount it did the year before the trade war started.
US officials continue to push for that in talks, while Beijing does not want to commit to a large figure or specific time frame, with Chinese buyers wanting to base their decisions on market conditions, Reuters reported.
“China does not want to buy a lot of products that people here don’t need or to buy something at a time when it is not in demand,” an official from a Chinese state-owned company explained.
https://www.google.com/amp/s/nypost.com/2019/10/30/china-resists-trumps-demand-to-double-farm-imports/amp/
Trump has said publicly that China could buy as much as $50 billion of US farm products, more than double the annual amount it did the year before the trade war started.
US officials continue to push for that in talks, while Beijing does not want to commit to a large figure or specific time frame, with Chinese buyers wanting to base their decisions on market conditions, Reuters reported.
“China does not want to buy a lot of products that people here don’t need or to buy something at a time when it is not in demand,” an official from a Chinese state-owned company explained.
https://www.google.com/amp/s/nypost.com/2019/10/30/china-resists-trumps-demand-to-double-farm-imports/amp/
msommer
Footballguy
This seems fair. If half their pigs have all died from the swine flu, they don't really need to buy a lot of soybeans to feed them...
It's more than likely an argument too nuanced for the current adminstration, though
msommer
Footballguy
Also, doesn't this strike y'all as the kind of trade deals the soviet bloc was doing back in the day. "You may buy our tractors, but then you must sell us your grain*"
* not an actual quote, for illustrative purposes only
You buried the lede:
"An administration official said Tuesday that the two sides might not agree to a “Phase One” deal by the Asia Pacific Economic Cooperation meeting in Chile, which had been scheduled for mid-November."
This should not shock anyone. But it will.
2Squirrels1Nut
Footballguy
Henry Ford
Footballguy
There is approximately a 0% chance we will sell $50 billion annually in agricultural products to China during a Trump administration.
Maybe in 30-40 years?
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The General
Footballguy
Yup.Is it? The fake deal isn't going to have a fake meeting at the APEC summit? This is where we're at now
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