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Trump delays tariff increase on request from China

MovingPictures

MovingPictures

WE'LL DO IT LIVE!
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Subscribe to read | Financial Times
US President Donald Trump has postponed the introduction of higher tariffs on Chinese goods until October 15 on the request of China’s vice premier and as a “gesture of good will”.

Mr Trump said in two*tweets on Wednesday evening that the increase in tariffs on $250bn worth of Chinese goods originally scheduled for October 1 would be pushed back as the original date coincides with the 70th anniversary of the People’s Republic of China.

He said that vice-premier Liu He had made the request to delay that date from which the higher tariffs would be imposed. Tariffs on Chinese imports were set to increase to 30 per cent from 25 per cent.*

China’s offshore renminbi strengthened 0.2 per cent versus the dollar in response to the tweet and S&P 500 futures jumped 0.5 per cent.

The move by the US president follows a*gesture by China on Wednesday to exempt 16 types of US goods from import tariffs ahead of the latest round of talks.
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Not a surprise at all. I said this would happen.

Trump has to get whatever he can from China, he can't keep the trade war going, as it's hurting his approval numbers bigtime, and scaring the hell out of Wall St.

Regardless of how things go when the trade teams meet next month, Trump will spin the meeting as great news, even if no progress is made on the important differences, and use his headline to delay this new October 15th tariff deadline, and then back away further from the trade war he started.

China is giving him an exit ramp and he's taking it.

EDIT: If you can't read the FT article because of cookies, you can read an identical one at the Hill here: Trump delays increase in China tariffs until Oct. 15 | TheHill

Note to mods: If that doesn't meet the criteria for the BN rules, feel free to retitle the thread with the Hill headline.
 
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MovingPictures said:
Subscribe to read | Financial Times

Not a surprise at all. I said this would happen.

Trump has to get whatever he can from China, he can't keep the trade war going, as it's hurting his approval numbers bigtime, and scaring the hell out of Wall St.

Regardless of how things go when the trade teams meet next month, Trump will spin the meeting as great news, even if no progress is made on the important differences, and use his headline to delay this new October 15th tariff deadline, and then back away further from the trade war he started.

China is giving him an exit ramp and he's taking it.
Click to expand...

I think this is a strategic mistake from China.

I would think they would want to turn up the fire on this war to get Trump knocked out next year.
 
noonereal said:
I think this is a strategic mistake from China.

I would think they would want to turn up the fire on this war to get Trump knocked out next year.
Click to expand...

Hello China, if you know where Trump's pee pee tape is...
 
noonereal said:
I think this is a strategic mistake from China.

I would think they would want to turn up the fire on this war to get Trump knocked out next year.
Click to expand...

It may not be a mistake from China. The Chinese see Trump as being weak and they probably figure that he will be useful to them in the long term.
 
noonereal said:
I think this is a strategic mistake from China.

I would think they would want to turn up the fire on this war to get Trump knocked out next year.
Click to expand...
The trade war is hurting both sides. China's interests is not taking an economic toll due to Trump's stupidity. They'd like to screw Trump but not at the expensive of their economy.

Trade wars are not, "good and easy to win."
 
MovingPictures said:
Subscribe to read | Financial Times

Not a surprise at all. I said this would happen.

Trump has to get whatever he can from China, he can't keep the trade war going, as it's hurting his approval numbers bigtime, and scaring the hell out of Wall St.

Regardless of how things go when the trade teams meet next month, Trump will spin the meeting as great news, even if no progress is made on the important differences, and use his headline to delay this new October 15th tariff deadline, and then back away further from the trade war he started.

China is giving him an exit ramp and he's taking it.

EDIT: If you can't read the FT article because of cookies, you can read an identical one at the Hill here: Trump delays increase in China tariffs until Oct. 15 | TheHill

Note to mods: If that doesn't meet the criteria for the BN rules, feel free to retitle the thread with the Hill headline.
Click to expand...


Trump's handlers must have figured out that, should the trade war sink the economy before the election, Trump is unlikely to get a second term.
 
noonereal said:
I think this is a strategic mistake from China.

I would think they would want to turn up the fire on this war to get Trump knocked out next year.
Click to expand...
They don't want the trade war anymore than we do and if giving Trump a face saving measure de-escalates it, then that's what they'll do.

OTOH, many of the demands our side is making undercut China's sovereignty and they won't agree to them under circumstances. The idea of China agreeing to abandon "Made in China 2025", reducing the states share in the economy by half, and letting the US look into China's books, is Mississippi level stupid.

If pushed on those issues, China won't back down, and they'll let the economy crash if it means protecting what they see as their sovereignty.
 
We must divorce economically from China and have a much more adversarial/confrontational tone with them. The Chinese government is akin to the modern day Nazi's of our time and we have a moral obligation to oppose the regime, not to mention they also threaten our national security (and moreso our allies).

This should be done even if it causes some economic pain.
 
MovingPictures said:
Subscribe to read | Financial Times

Not a surprise at all. I said this would happen.

Trump has to get whatever he can from China, he can't keep the trade war going, as it's hurting his approval numbers bigtime, and scaring the hell out of Wall St.

Regardless of how things go when the trade teams meet next month, Trump will spin the meeting as great news, even if no progress is made on the important differences, and use his headline to delay this new October 15th tariff deadline, and then back away further from the trade war he started.

China is giving him an exit ramp and he's taking it.

EDIT: If you can't read the FT article because of cookies, you can read an identical one at the Hill here: Trump delays increase in China tariffs until Oct. 15 | TheHill

Note to mods: If that doesn't meet the criteria for the BN rules, feel free to retitle the thread with the Hill headline.
Click to expand...



Last I heard, Trump was at 90% approval among republicans. Did this change?
 
digsbe said:
We must divorce economically from China and have a much more adversarial/confrontational tone with them. The Chinese government is akin to the modern day Nazi's of our time and we have a moral obligation to oppose the regime, not to mention they also threaten our national security (and moreso our allies).

This should be done even if it causes some economic pain.
Click to expand...

Have you checked ‘country of origin’ of many of the products that end up in your household?
 
Rexedgar said:
Have you checked ‘country of origin’ of many of the products that end up in your household?
Click to expand...

Yes, and over time we need to shift production to countries like Mexico, Vietnam, India, etc. It won't happen overnight but supply chains are already starting to move now. Should we continue to empower China via trade an enable the rise of an evil regime that threatens to overturn world order and has no intention of existing peacefully with its neighbors?
 
digsbe said:
Yes, and over time we need to shift production to countries like Mexico, Vietnam, India, etc. It won't happen overnight but supply chains are already starting to move now.
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One of Trumps lines is that, “many companies are moving out of China,”; do you have any examples?
 
Rexedgar said:
One of Trumps lines is that, “many companies are moving out of China,”; do you have any examples?
Click to expand...

It will take time, I'm not saying the shift has occurred yet but that it needs to occur and some business have moved or are considering moving production out of China.

More than 50 companies reportedly pull production out of China due to trade war
More U.S. Companies Seen Leaving China After September

I honestly believe the government of China is one of the most evil forces in the world and is likely going to start WW3. I think for moral and national security reasons we need to enter into a new cold war of sorts with China to cripple their economy and destabilize the country leading to regime change. We must not make the same historical mistakes made by appeasing the Nazi's and not reacting until they felt strong enough to attack Poland. To be brutally honest, I care less about how China rapes US companies and takes advantage of our economy and I care more about them being a majorly hostile world power that threatens peace and global world order.
 
digsbe said:
It will take time, I'm not saying the shift has occurred yet but that it needs to occur and some business have moved or are considering moving production out of China.

More than 50 companies reportedly pull production out of China due to trade war
More U.S. Companies Seen Leaving China After September

I honestly believe the government of China is one of the most evil forces in the world and is likely going to start WW3. I think for moral and national security reasons we need to enter into a new cold war of sorts with China to cripple their economy and destabilize the country leading to regime change. We must not make the same historical mistakes made by appeasing the Nazi's and not reacting until they felt strong enough to attack Poland. To be brutally honest, I care less about how China rapes US companies and takes advantage of our economy and I care more about them being a majorly hostile world power that threatens peace and global world order.
Click to expand...

My opinion is that the US whiffed on the chance to get on the right side of, not only China, but many other regimes, post WW2. Our economy has Walmarted ourselves into trying to find the cheapest widget, that the consumer is responsible for driving production offshore. Maybe we can fix the situation, I’m not an optimist..
 
Rexedgar said:
My opinion is that the US whiffed on the chance to get on the right side of, not only China, but many other regimes, post WW2. Our economy has Walmarted ourselves into trying to find the cheapest widget, that the consumer is responsible for driving production offshore. Maybe we can fix the situation, I’m not an optimist..
Click to expand...

I don't think low cost manufacturing is going to come back to the US unless it's all nearly completely automated. Trump is not being realistic if he thinks low-skilled manufacturing jobs will come to the US from China. However, I do think shifting such production to other countries like India, Vietnam, Mexico, Thailand, etc. is a very real possibility and it would be much better to have things come from there than using cheap manufacturing to empower the Chinese regime.
 
swing_voter said:
Last I heard, Trump was at 90% approval among republicans. Did this change?
Click to expand...
Then he’s sure to get the nomination. But one can’t win on Republican votes alone. Mr. Trump is experiencing the potential erosion among the non-college-educated white women he is counting on as a core constituency. Those women gave Mr. Trump a 27-point margin over Hillary Clinton in 2016. Yet in a recent Fox News poll, Mr. Trump was beating former Vice President Joe Biden by just four points in that group.

Trump won the presidency by the slimmest of margins in three battleground states. With little place to grow, even a small erosion of support among these women could prove fatal to Trump’s chances.
 
MovingPictures said:
Subscribe to read | Financial Times

Not a surprise at all. I said this would happen.

Trump has to get whatever he can from China, he can't keep the trade war going, as it's hurting his approval numbers bigtime, and scaring the hell out of Wall St.

Regardless of how things go when the trade teams meet next month, Trump will spin the meeting as great news, even if no progress is made on the important differences, and use his headline to delay this new October 15th tariff deadline, and then back away further from the trade war he started.

China is giving him an exit ramp and he's taking it.

EDIT: If you can't read the FT article because of cookies, you can read an identical one at the Hill here: Trump delays increase in China tariffs until Oct. 15 | TheHill

Note to mods: If that doesn't meet the criteria for the BN rules, feel free to retitle the thread with the Hill headline.
Click to expand...

Trump is negotiating a deal that others have claimed they would too, but didn’t.

Trump is a master negotiator. Obama is still trying to find the word in the dictionary. He’s stuck at “magic wand”.

So, seeing as he’s actually a master at this craft, I’d just let him do what he knows exceptionally well.

Of course, Leftists, these people are the real master negotiators... ROTFLOL.
 
Glowpun said:
It may not be a mistake from China. The Chinese see Trump as being weak and they probably figure that he will be useful to them in the long term.
Click to expand...

ROTFLOL.

The ChiComs are hoping for a Socialist win next year. They’ve had enough of dealing with someone who knows what he’s doing.
 
MTAtech said:
The trade war is hurting both sides. China's interests is not taking an economic toll due to Trump's stupidity. They'd like to screw Trump but not at the expensive of their economy.

Trade wars are not, "good and easy to win."
Click to expand...

China has tons to lose, including their necks.

They have 1.3 billion mouths to feed. The US has been propping them up for a couple decades. Without us, they’re ****ed.

We on the other hand, can do just fine dealing with other countries.

China, they start seeing businesses move which aren’t coming back and they’ve got serious problems.

They’re an enemy... and should be treated as such. They take and don’t retreat. Trump is bringing them to heel. Something they are totally unfamiliar with.

This trade war would be good to win. For many reasons beyond those above. Easy... far, far, far easier for us than them.
 
swing_voter said:
Last I heard, Trump was at 90% approval among republicans. Did this change?
Click to expand...

Hi! An interesting poll result. Do you happen to know the disapproval rate of President of the United States of America Donald Trump among democrats?

Regards.
 
MovingPictures said:
Subscribe to read | Financial Times

Not a surprise at all. I said this would happen.

Trump has to get whatever he can from China, he can't keep the trade war going, as it's hurting his approval numbers bigtime, and scaring the hell out of Wall St.

Regardless of how things go when the trade teams meet next month, Trump will spin the meeting as great news, even if no progress is made on the important differences, and use his headline to delay this new October 15th tariff deadline, and then back away further from the trade war he started.

China is giving him an exit ramp and he's taking it.

EDIT: If you can't read the FT article because of cookies, you can read an identical one at the Hill here: Trump delays increase in China tariffs until Oct. 15 | TheHill

Note to mods: If that doesn't meet the criteria for the BN rules, feel free to retitle the thread with the Hill headline.
Click to expand...

Trump has done what no other president would do.
that is stop bending the knee to china and take them on.

China needs us more than we need them. it is proving to be true. they were the ones that exempted first.
what it means is that their economy is suffering while ours is still going strong.

This also buys 15 or so more days so that a better deal can be worked out.
 
noonereal said:
I think this is a strategic mistake from China.

I would think they would want to turn up the fire on this war to get Trump knocked out next year.
Click to expand...


Yes, but once they force Trump to back down, it’s in their interest to have a weak, indecisive and untrustworthy man in the White House.
 
noonereal said:
I think this is a strategic mistake from China.

I would think they would want to turn up the fire on this war to get Trump knocked out next year.
Click to expand...

Alternatively, the Chinese may not want the whole "negotiations" house of cards to collapse until it is too far into the remaining 29.1% of the 1,461 day long American Presidential Election cycle for Mr. Trump to avoid people remembering that the whole thing fell flat on election day.

If you felt that you were highly likely to win a battle and had the options of

  1. win NOW (and allow the other side to fall back and regroup so that you had to fight them again); or
  2. win LATER (when the other side would NOT be able to fall back and regroup and remove the need to fight them again);

which way do you (as an honours graduate of the "'Call Of War'[SUP]®[/SUP] International Staff College and Pizza Factory") think you would go?
 
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