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Trump To Move Ahead With Tariffs On $200 Billion In Chinese Goods As Early As Next Week

Buckle up.

Buckle up.
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6 comments on “Trump To Move Ahead With Tariffs On $200 Billion In Chinese Goods As Early As Next Week

  1. As previously noted this is probably the melt up. Between the trade war, November elections, and Trump legal issues it’s all downhill from here.

  2. Steve Evans

    It would be nice to share your enthusiasm for the Mexico-US deal but it looks to me as if this was a ploy to hurt Canada, as the President was piqued by the Canadian Prime Minister. Yes, that petty. As you have noted it’s not really a deal so much as a heads of agreement, and the auto component of the deal looks difficult if not impossible.

    Trump doesn’t like multilateral agreements. He shares this predilection with a former leader of his ancestral homeland and I reckon it’s for the same reason: easier to bully. It is truly bizarre that the personal is ruling the logic of national and international self-interest but it does seem to be true.

    He’ll be scratching his head as to how to avoid zero auto tariffs with the Europeans, but I imagine he’ll find a way.

    Going ahead with more hits on China is not going to lead to anything happy. China will not back down and will do whatever it takes.

    Comrade Vlad! The golden shower tape! Leak it! The world will look more kindly on you!

    • Lance Manly

      The new NAFTA is a nothing burger. Mexico is basically saying they are already in compliance, I doubt Canada will have much problem. It is as if you did not like your dessert and they took it back into the kitchen and put on some more whipped cream. Trump is sitting in his chair clapping like a toddler with no idea of what is actually going on.

  3. Yikes, inflation at 3.4%. i can’t even wrap my head around that one. The Fed will be way behind the curve.

    If that 3.4% rate were sustained, it would necessitate a much more aggressive domestic rate hike schedule to throttle it down. This aggressive rate hike schedule is something that our domestic debt laden economy would have difficulty dealing with. I don’t think such a situation is even partially sustainable. Could you imagine a 0.5% quarterly rate hike?. It would send shock waves throughout the global economy and further potentiate the currency issues that you have detailed out so well in the last 6 months. The surprise element alone would send even our strong domestic equity market into, at minimum, a significant correction.

    Thanks again for helping all of us understand all of the global intricacies of what’s going on. So many moving parts. Debt and leverage, something our POTUS is enamored with, can bite back fiercely when provoked. He can’t declare bankruptcy this time.

  4. Anonymous

    I find it difficult to understand how one country (USA) can force another country (Mexico) to impose a minimum wage on specific private companies (auto makers).

  5. Pingback: Trump Delivers $267 Billion Trade Escalation Out Of The Clear Blue Sky (Figuratively and Literally) –

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