Blaine Sweeter
Diamond Member
- Jul 26, 2019
- 5,206
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So he tweets this a few days ago, to try to turn the stock market around:
""""Donald J. TrumpVerified account @realDonaldTrump
The deal I just made with China is, by far, the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country. In fact, there is a question as to whether or not this much product can be produced? Our farmers will figure it out. Thank you China!
7:09 AM - 12 Oct 2019"""""
Donald J. Trump on Twitter
I knew this was bullshit.
And I was right.
From the Wall Street Journal, who USED to be sort of kind to Donald:
Uncertainty Clouds China’s Commitment to U.S. Farm Purchases
The roughly $50 billion in agriculture products touted by President Trump is far beyond what China has historically spent each year
"...Beijing is pushing the U.S. to drop plans to impose new 15% tariffs on $156 billion in consumer goods starting Dec. 15 and could use the farm purchases as leverage.
Chinese negotiators continue to say purchases must be based on actual demand and at fair-market prices, according to people briefed on the matter. The roughly $50 billion in farm products touted by President Trump is far beyond what China has historically spent in any one year and would likely require Beijing to lean heavily on its state-owned firms to accomplish.
“The uncertainty is still there,” says John Frisbie, managing director of international consulting firm Hills & Company and former president of the U.S.-China Business Council."""
""""Donald J. TrumpVerified account @realDonaldTrump
The deal I just made with China is, by far, the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country. In fact, there is a question as to whether or not this much product can be produced? Our farmers will figure it out. Thank you China!
7:09 AM - 12 Oct 2019"""""
Donald J. Trump on Twitter
I knew this was bullshit.
And I was right.
From the Wall Street Journal, who USED to be sort of kind to Donald:
Uncertainty Clouds China’s Commitment to U.S. Farm Purchases
The roughly $50 billion in agriculture products touted by President Trump is far beyond what China has historically spent each year
"...Beijing is pushing the U.S. to drop plans to impose new 15% tariffs on $156 billion in consumer goods starting Dec. 15 and could use the farm purchases as leverage.
Chinese negotiators continue to say purchases must be based on actual demand and at fair-market prices, according to people briefed on the matter. The roughly $50 billion in farm products touted by President Trump is far beyond what China has historically spent in any one year and would likely require Beijing to lean heavily on its state-owned firms to accomplish.
“The uncertainty is still there,” says John Frisbie, managing director of international consulting firm Hills & Company and former president of the U.S.-China Business Council."""
