At this point, Trump's just making things easier for Democrats in 2020.
Why do I get this idea that there is this subset of Americans that believe that we can just become China and build everything in America for the same cost, but don't understand that if we do that they will be the ones working in the factories with the suicide nets.
I've been thinking about doing the same. I was getting ready to make a big payment to my student loans this month because I put money into my retirement account every time I get paid. Thinking maybe forgo that big payment to student loans and make extra progress on my contribution limit instead
This seems like a prime opportunity. I'm glad that I held off putting too much money in this year so far (for unrelated reasons -- but hey, don't look a gift horse in the mouth).
Hopefully China start really fucking with and targeting Trump supporting areas in particular.
They already are which is why Trump just requested additional $15B for farmers today. Trump keeps trying to cover his ass when he's the one creating the problem.
This seems like a prime opportunity. I'm glad that I held off putting too much money in this year so far (for unrelated reasons -- but hey, don't look a gift horse in the mouth).
Do we know for sure that's what happened? Or is that what the Trump admin is saying happened? The last I heard about that IP regulation was the deal supposedly punted enforcement for years, which could make it seem not as tough on China as Trump has claimed.Market is down because they priced in resolution on Friday that got reversed over the weekend.
He essentially called China's bluff.
I have a feeling that many of you don't actually follow this trade stuff, but essentially both sides were getting close to a deal when mid-last week China killed off everything they agreed to. They did this because they believed that Trump would cave at the last minute.
The biggest issue was that China has previously agreed to sign into law a requirement to respect foreign IP and not require assigning all IP to China when you do business there. Last week China explicitly struck all of that language from the agreement (ie. we can go back to legal stealing of IP) as well as a number of other items that were the hot buttons on the US side.
Not sure what everyone here wants to see? China continue to block foreign investment and steal everyone elses IP?
They reneged here to try and bait Trump into caving or they just have no plans to actually enact something like that?The biggest issue was that China has previously agreed to sign into law a requirement to respect foreign IP and not require assigning all IP to China when you do business there. Last week China explicitly struck all of that language from the agreement (ie. we can go back to legal stealing of IP) as well as a number of other items that were the hot buttons on the US side.
So they did what this administration loves to do themselves?Market is down because they priced in resolution on Friday that got reversed over the weekend.
He essentially called China's bluff.
I have a feeling that many of you don't actually follow this trade stuff, but essentially both sides were getting close to a deal when mid-last week China killed off everything they agreed to. They did this because they believed that Trump would cave at the last minute.
The biggest issue was that China has previously agreed to sign into law a requirement to respect foreign IP and not require assigning all IP to China when you do business there. Last week China explicitly struck all of that language from the agreement (ie. we can go back to legal stealing of IP) as well as a number of other items that were the hot buttons on the US side.
Not sure what everyone here wants to see? China continue to block foreign investment and steal everyone elses IP?
I am so glad that we have the infrastructure to be able to manufacture on the same level as China of all the things that they make over there....oh wait, we don't....
WTF Trump. Did he even think about how we don't even have the level of infrastructure to handle all of the tariffs that he has put up. If China decides to tell the US "Go fuck yourself" and just completely stop manufacturing everything that is being imported from China on that list, we would be fucked. (can you imagine something that cost .99 now could be $10 after being manufacturing in the USA...unless he wants us to go into borderline slavery in our manufacture sector of business)This is not the time to do that sort of crap.
Thanks for the information. Trying to find out and understand more so I've been trying to read from a couple of different places. I don't follow this that much or know that much about it. I only heard about China backing out and that trade war was mentioned a lot on the site where I keep track of what I'm invested in.Market is down because they priced in resolution on Friday that got reversed over the weekend.
He essentially called China's bluff.
I have a feeling that many of you don't actually follow this trade stuff, but essentially both sides were getting close to a deal when mid-last week China killed off everything they agreed to. They did this because they believed that Trump would cave at the last minute.
The biggest issue was that China has previously agreed to sign into law a requirement to respect foreign IP and not require assigning all IP to China when you do business there. Last week China explicitly struck all of that language from the agreement (ie. we can go back to legal stealing of IP) as well as a number of other items that were the hot buttons on the US side.
Not sure what everyone here wants to see? China continue to block foreign investment and steal everyone elses IP?
Market is down because they priced in resolution on Friday that got reversed over the weekend.
He essentially called China's bluff.
I have a feeling that many of you don't actually follow this trade stuff, but essentially both sides were getting close to a deal when mid-last week China killed off everything they agreed to. They did this because they believed that Trump would cave at the last minute.
The biggest issue was that China has previously agreed to sign into law a requirement to respect foreign IP and not require assigning all IP to China when you do business there. Last week China explicitly struck all of that language from the agreement (ie. we can go back to legal stealing of IP) as well as a number of other items that were the hot buttons on the US side.
Not sure what everyone here wants to see? China continue to block foreign investment and steal everyone elses IP?
yupp
In crypto news bitcoin is back above 7000, almost 8000Stocks are down as expected. Trade wars are easy to win huh? Would not be surprised if China levy heavier tariffs on more US products.
As neither an American or a Chinese, I wouldn't mind both America and China destroying each other with these tariffs. Both Donald Trump and Xi Jinping are downright scumbags.
But out of the two, Xi Jinping is the bigger scumbag. The CCP has incarcerated over a million Uyghur Muslims into concentration camps, where families are being separated, and people are being abused, beaten, tortured, and killed, and women are being forced to marry Han Chinese men (i.e. state-sanctioned rape). One of the biggest ethnic cleansing campaigns in recent times is happening right under our noses, and most of the world is ignoring it, just because they want to do business with China.
The dumbass totally forgot he sold his trade positions on helping US workers. No Americans care if goods formerly made in the US are made in Vietnam instead of China.
How do prices of goods ever go down then?The biggest bunch of bullshit with this trade war, once some deals are made and tarrifs removed, companies aren't going to lower prices from hiking them up to pay for tarrifs. We'll probably be paying for this trade war for a long time.
Market is down because they priced in resolution on Friday that got reversed over the weekend.
He essentially called China's bluff.
I have a feeling that many of you don't actually follow this trade stuff, but essentially both sides were getting close to a deal when mid-last week China killed off everything they agreed to. They did this because they believed that Trump would cave at the last minute.
The biggest issue was that China has previously agreed to sign into law a requirement to respect foreign IP and not require assigning all IP to China when you do business there. Last week China explicitly struck all of that language from the agreement (ie. we can go back to legal stealing of IP) as well as a number of other items that were the hot buttons on the US side.
Not sure what everyone here wants to see? China continue to block foreign investment and steal everyone elses IP?
But I did expect price increase to feature in the news cycle from existing quotas and tariffs, not just the new ones. That hasn't really happened much I don't think.
Would not touch any crypto currency with a ten foot pole. After it nosedive from 17,000+ a share in Dec. 2017, and everyone lost money.In crypto news bitcoin is back above 7000, almost 8000
http://preev.com/
Market is down because they priced in resolution on Friday that got reversed over the weekend.
He essentially called China's bluff.
I have a feeling that many of you don't actually follow this trade stuff, but essentially both sides were getting close to a deal when mid-last week China killed off everything they agreed to. They did this because they believed that Trump would cave at the last minute.
The biggest issue was that China has previously agreed to sign into law a requirement to respect foreign IP and not require assigning all IP to China when you do business there. Last week China explicitly struck all of that language from the agreement (ie. we can go back to legal stealing of IP) as well as a number of other items that were the hot buttons on the US side.
Not sure what everyone here wants to see? China continue to block foreign investment and steal everyone elses IP?
Do we know for sure that's what happened? Or is that what the Trump admin is saying happened? The last I heard about that IP regulation was the deal supposedly punted enforcement for years, which could make it seem not as tough on China as Trump has claimed.
Hmmm maybe I should start looking into this lol. Never invested before.yeah, i am stacking up cash to go on a shopping spree soon
unless you are 58+ you will be fine i think
Take most financial advice people give you with a grain of salt, even my own. I only recently started investing on my own this year, whereas before I was relying on Actively Managed Funds (thankfully, I wasn't putting in too much money, and pulled it all out as soon as I realized I was throwing money away).Hmmm maybe I should start looking into this lol. Never invested before.
Latest I saw, the US was requiring China put the agreed upon trade agreement including protections etc. actually into law (rather than the agreements that have historically happened which China just completely ignores). According to the info that snuck out last week, the Chinese delegation felt that with Trump harping on the Fed to cut rates that the US economy was much weaker than its data appeared. As such, they pulled back on everything they didn't want to give without a fight in the hopes that Trump would cave and sign.
The US wanted specific commitments to change laws for protecting IP and barring forced transfer of US technology. From what I understand, those sections were agreed upon and then completely nixed in the draft last week. Based on my read of the below, China doesn't want to consent to protecting IP or barring transfers because they are worried about how it would make them look.
From the Chinese press,
In a wide-ranging interview with Chinese media after talks in Washington ended Friday, Vice Premier Liu He said that in order to reach an agreement the U.S. must remove all extra tariffs, set targets for Chinese purchases of goods in line with real demand and ensure that the text of the deal is "balanced" to ensure the "dignity" of both nations.
Hmmm maybe I should start looking into this lol. Never invested before.
You would be wrong. Anything that hurts China is good for the US. Jobs leaving for Vietnam hurts China.
Is there a comprehensive list of goods being hit with tarrifs somewhere?
Some things will go back down, but the pessimist in me thinks many consumer goods will stay near their post tarrif price, especially the goods which are still selling units at the rate they were before tariffs.
Market is down because they priced in resolution on Friday that got reversed over the weekend.
He essentially called China's bluff.
I have a feeling that many of you don't actually follow this trade stuff, but essentially both sides were getting close to a deal when mid-last week China killed off everything they agreed to. They did this because they believed that Trump would cave at the last minute.
The biggest issue was that China has previously agreed to sign into law a requirement to respect foreign IP and not require assigning all IP to China when you do business there. Last week China explicitly struck all of that language from the agreement (ie. we can go back to legal stealing of IP) as well as a number of other items that were the hot buttons on the US side.
Not sure what everyone here wants to see? China continue to block foreign investment and steal everyone elses IP?