Mainland Surge.
Lackluster June PMI data and the fact that the latest Sino-US trade truce was short on specifics didn't stop Chinese equities from staging an impressive relief rally on Monday.
The CSI 300 surged nearly 3% to the highest levels since late April, as traders rejoiced. It's also entirely possible that the sub-50 reads on both the official and Caixin manufacturing gauges were cause for bullishness as the data underscores the need for more stimulus even as the trade talks resume.
Meanwhile, the y
Again. Where does all this money that the US gets from tariffs (China?) show up on the books?
https://fred.stlouisfed.org/series/B235RC1Q027SBEA
Thank you H but the point is how much actually is coming from China, Mexico, Canada, the EU, etc.? And how much is coming out of the pockets of the US citizens? If it’s all coming out of the American worker’s pockets it’s really just another tax to help keep them deeply in debt.
well, it’s all paid by importers. then it’s a matter of how much gets passed on. here’s a short summary of a recent academic study by the Fed: https://libertystreeteconomics.newyorkfed.org/2019/05/new-china-tariffs-increase-costs-to-us-households.html
none of this is “paid” by other countries. that’s a mischaracterization. like saying “Mexico is paying for the wall with new NAFTA” or something. as hard as this is to believe (because it’s just so brazen), Trump is lying in the most literal sense of the word “lying” when he says other countries are paying these. they just aren’t. it’s not true.