Trump flip flips and flop flips on Tariffs

[JLW]

A string of mixed signals from the Trump administration over the weekend regarding tariffs on smartphones, laptops and other electronics fueled fresh uncertainty over U.S. trade policy, setting up another chaotic week on Wall Street and in Washington.

Tech investors briefly rejoiced when a notice from U.S. Customs and Border Protection posted late Friday said computers, tablets, Apple watches, computer monitors, semiconductor equipment and other electronics were exempt from many tariffs on Chinese products and a 10% tariff on all U.S. imports.

When asked about the exemptions late Saturday, President Trump told reporters on Air Force One that he would talk more about them on Monday, adding that “we’ll be very specific.”

Administration officials on Sunday, including Commerce Secretary Howard Lutnick, said the tech products exempted from many tariffs will face separate levies in a month or two as part of a trade investigation into semiconductors. White House trade adviser Peter Navarro said Sunday the official policy is “no exemptions, no exclusions.”

https://www.wsj.com/tech/trump-tariff-tech-exemptions-trade-uncertainty-dd8eb31f?mod=hp_lead_pos2

*****************
Expect the market to crash further.

Trump’s word, as the world is finding out, means shit.

Say one thing today, another tomorrow and another the next day.

The world economy can not sustain itself when the richest nation on earth will not abide by agreements and treats contracts as meaningless.

This nation’s as well as the global economy are in serious trouble because of one Orange screwball.

 

[okfine]

He's completely insane...

National Security Tariff Investigations?

 

[JLW]

He's completely insane...

View attachment 1100054

National Security Tariff Investigations?

Trump is unhinged. He won’t stop until the whole economic edifice is on the verge of collapsing.

 

[Meathead]

A string of mixed signals from the Trump administration over the weekend regarding tariffs on smartphones, laptops and other electronics fueled fresh uncertainty over U.S. trade policy, setting up another chaotic week on Wall Street and in Washington.

Tech investors briefly rejoiced when a notice from U.S. Customs and Border Protection posted late Friday said computers, tablets, Apple watches, computer monitors, semiconductor equipment and other electronics were exempt from many tariffs on Chinese products and a 10% tariff on all U.S. imports.

When asked about the exemptions late Saturday, President Trump told reporters on Air Force One that he would talk more about them on Monday, adding that “we’ll be very specific.”

Administration officials on Sunday, including Commerce Secretary Howard Lutnick, said the tech products exempted from many tariffs will face separate levies in a month or two as part of a trade investigation into semiconductors. White House trade adviser Peter Navarro said Sunday the official policy is “no exemptions, no exclusions.”

https://www.wsj.com/tech/trump-tariff-tech-exemptions-trade-uncertainty-dd8eb31f?mod=hp_lead_pos2

*****************
Expect the market to crash further.

Trump’s word, as the world is finding out, means shit.

Say one thing today, another tomorrow and another the next day.

The world economy can not sustain itself when the richest nation on earth will not abide by agreements and treats contracts as meaningless.

This nation and the global economy are in serious trouble because of one Orange screwball

Whoosh, all this is obviously over your head (intellect).

 

[elektra]

It is hard work taking our economy back after the democrats gave it away.

We don't care if Wall Street and the bankers lose money. We want America to provide jobs that make the USA self sufficient.

We don't want China to be able to take our life saving medicine away because democrats want to get filthy rich in the stock market of world trade.

 

[The Duke]

A string of mixed signals from the Trump administration over the weekend regarding tariffs on smartphones, laptops and other electronics fueled fresh uncertainty over U.S. trade policy, setting up another chaotic week on Wall Street and in Washington.

Tech investors briefly rejoiced when a notice from U.S. Customs and Border Protection posted late Friday said computers, tablets, Apple watches, computer monitors, semiconductor equipment and other electronics were exempt from many tariffs on Chinese products and a 10% tariff on all U.S. imports.

When asked about the exemptions late Saturday, President Trump told reporters on Air Force One that he would talk more about them on Monday, adding that “we’ll be very specific.”

Administration officials on Sunday, including Commerce Secretary Howard Lutnick, said the tech products exempted from many tariffs will face separate levies in a month or two as part of a trade investigation into semiconductors. White House trade adviser Peter Navarro said Sunday the official policy is “no exemptions, no exclusions.”

https://www.wsj.com/tech/trump-tariff-tech-exemptions-trade-uncertainty-dd8eb31f?mod=hp_lead_pos2

*****************
Expect the market to crash further.

Trump’s word, as the world is finding out, means shit.

Say one thing today, another tomorrow and another the next day.

The world economy can not sustain itself when the richest nation on earth will not abide by agreements and treats contracts as meaningless.

This nation’s as well as the global economy are in serious trouble because of one Orange screwball.

Yeah, no.
You're a follower. Trump is a leader. He knows what he's doing, and you do not know better.

 

[okfine]

Yeah, no.
You're a follower. Trump is a leader. He knows what he's doing, and you do not know better.

You sure nixed that projection

 

[iamwhatiseem]

The Dow and the NASDAQ had it's best week in 2 and 3 years.
The market is 2300 points higher than this time last year.
The jobs report was better than expected.
Fuel prices are falling.

Get over it.

 

[Flopper]

A string of mixed signals from the Trump administration over the weekend regarding tariffs on smartphones, laptops and other electronics fueled fresh uncertainty over U.S. trade policy, setting up another chaotic week on Wall Street and in Washington.

Tech investors briefly rejoiced when a notice from U.S. Customs and Border Protection posted late Friday said computers, tablets, Apple watches, computer monitors, semiconductor equipment and other electronics were exempt from many tariffs on Chinese products and a 10% tariff on all U.S. imports.

When asked about the exemptions late Saturday, President Trump told reporters on Air Force One that he would talk more about them on Monday, adding that “we’ll be very specific.”

Administration officials on Sunday, including Commerce Secretary Howard Lutnick, said the tech products exempted from many tariffs will face separate levies in a month or two as part of a trade investigation into semiconductors. White House trade adviser Peter Navarro said Sunday the official policy is “no exemptions, no exclusions.”

https://www.wsj.com/tech/trump-tariff-tech-exemptions-trade-uncertainty-dd8eb31f?mod=hp_lead_pos2

*****************
Expect the market to crash further.

Trump’s word, as the world is finding out, means shit.

Say one thing today, another tomorrow and another the next day.

The world economy can not sustain itself when the richest nation on earth will not abide by agreements and treats contracts as meaningless.

This nation’s as well as the global economy are in serious trouble because of one Orange screwball.

Actually, the tariff on electronics from China will be down to 20%.

So far nothing from China. According to the US Trade Representative they have not herd from China since April 2nd. This should not be surprising. China has indicated from day 1 that they will not give in to Trump's demands because they don't have to.

 

[iamwhatiseem]

Actually, the tariff on electronics from China will be down to 20%.

So far nothing from China. According to the US Trade Representative they have not herd from China since April 2nd. This should not be surprising. China has indicated from day 1 that they will not give in Trump's demands because they don't have to.

No because they could care less about their citizenry, and are perfectly willing to put their masses in near starvation without blinking an eye.

 

[Crepitus]

Trump is a leader.

YOu do realize that tRump's opinion is usually that of the last person he spoke to on whatever subject, right?

 

[Crepitus]

The Dow and the NASDAQ had it's best week in 2 and 3 years.
The market is 2300 points higher than this time last year.
The jobs report was better than expected.
Fuel prices are falling.

Get over it.

Dow is down for the year, and it only had it's best week because just before that was it's worst.

Gas prices are up.

And I suspect the jobs report is fudged. Where are all the government layoffs?

 

[Flopper]

No because they could care less about their citizenry, and are perfectly willing to put their masses in near starvation without blinking an eye.

China is becoming self-sufficiency in several key areas, including food production, technology, and energy. There strategy of building industries to supply the world and using the generated wealth to invest in domestic production has worked well over the last 20 last years.

Limiting foreign investments and products into their economy has been a key element in their plan. I seriously doubt that Trump will make much headway here.

 

[MarcATL]

He's making a stinking mess OP.

We're gonna suffer as long as he's in power.

 

[iamwhatiseem]

China is becoming self-sufficiency in several key areas, including food production, technology, and energy. There strategy of building industries to supply the world and using the generated wealth to invest in domestic production has worked well over the last 20 last years.

Limiting foreign investments and products into their economy has been a key element in their plan. I seriously doubt that Trump will make much headway here.

20% of their GDP is exports. So, literally without exports - they collapse.
A country cannot lose 20% GDP and not fall big.

 

[The Duke]

China is becoming self-sufficiency in several key areas, including food production, technology, and energy. There strategy of building industries to supply the world and using the generated wealth to invest in domestic production has worked well over the last 20 last years.

Limiting foreign investments and products into their economy has been a key element in their plan. I seriously doubt that Trump will make much headway here.

Oh, so you're a China shill, OK.
Just so we have things straight around here.
Good luck with that.
Our worst stuff shoots better than your best, and you're not going to intimidate us.
You have a nice people, we like peace, do not fuck with us because we will rain holy hell on you like you never even imagined could happen. Seriously, there's no cause for global dumbassery.
The globalists are not in China's best interests.

 

[Flopper]

20% of their GDP is exports. So, literally without exports - they collapse.
A country cannot lose 20% GDP and not fall big.

Yes, 20% of their GDP is exports. GDP is 17.2 trillion and total exports are 3.4 trillion. However, the only country threatening China with a reduction in exports is the US and those exports are only 438 billion.
That means a total lost of all US exports would mean a loss in GDP of only 2.4%. That would not cause a collapse of China's economy.

 

[BS Filter]

Nancy Pelosi agreed with Trump in 1996. What happened? She's obviously on the China payroll.

 

[Flopper]

Oh, so you're a China shill, OK.
Just so we have things straight around here.
Good luck with that.
Our worst stuff shoots better than your best, and you're not going to intimidate us.
You have a nice people, we like peace, do not fuck with us because we will rain holy hell on you like you never even imagined could happen. Seriously, there's no cause for global dumbassery.
The globalists are not in China's best interests.

This war is a trade war that Trump started which can be won without a single shot being fired. In fact both sides can win. China wants to maintain the status quo and Trump wants a victory in his Trade War. Clever negotiations can delivery the appearance of a victory for both with only minor changes.

 

[Flopper]

Dow is down for the year, and it only had it's best week because just before that was it's worst.

Gas prices are up.

And I suspect the jobs report is fudged. Where are all the government layoffs?

The job report typically comes out on the 1st Friday of the month and the data comes from the previous month. So the job report reflects employment as it was about 30 to 60 days ago.