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Trade Deal With China Done!

Luckyone

Luckyone

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It was announced an hour ago that in principle a trade deal with China has been done. Trump still needs to approve it but the probabilities are that he will given that this was done between Xi's people and Trump's people.

U.S. Reaches In-Principle China Deal, Awaits Trump Signoff
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It should be interesting to see exactly what was agreed to and how much each had to give up to accomplish it. By the same token and going back to what China was requesting as minimum for it to be done, I would venture to say that Trump did not accomplish much of what he was originally requesting.

It will also be interesting to see what the market does now as the old adage of "buy the anticipation and sell the fact" applies here very well.

If the market reacts negatively, it needs to be mentioned that there will be no other catalysts on the horizon that would make the market go higher. Interest rates are set unless the economy falters more, trade with China will resume but not above what is what is said in the agreement, and the economy is not likely to get better given that all indications based on present conditions suggests more weakening is to come.

As such, the next month or two will determine what the market is likely to do next year.

Finally, the markets will start showing what is real and not what some guess is going to happen.
 
Luckyone said:
It was announced an hour ago that in principle a trade deal with China has been done. Trump still needs to approve it but the probabilities are that he will given that this was done between Xi's people and Trump's people.



It should be interesting to see exactly what was agreed to and how much each had to give up to accomplish it. By the same token and going back to what China was requesting as minimum for it to be done, I would venture to say that Trump did not accomplish much of what he was originally requesting.

It will also be interesting to see what the market does now as the old adage of "buy the anticipation and sell the fact" applies here very well.

If the market reacts negatively, it needs to be mentioned that there will be no other catalysts on the horizon that would make the market go higher. Interest rates are set unless the economy falters more, trade with China will resume but not above what is what is said in the agreement, and the economy is not likely to get better given that all indications based on present conditions suggests more weakening is to come.

As such, the next month or two will determine what the market is likely to do next year.

Finally, the markets will start showing what is real and not what some guess is going to happen.
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It's about teh show with TRump, never about substance.

The NAFTA rewrite did nothing for us as will this.
 
Luckyone said:
It was announced an hour ago that in principle a trade deal with China has been done. Trump still needs to approve it but the probabilities are that he will given that this was done between Xi's people and Trump's people.



It should be interesting to see exactly what was agreed to and how much each had to give up to accomplish it. By the same token and going back to what China was requesting as minimum for it to be done, I would venture to say that Trump did not accomplish much of what he was originally requesting.

It will also be interesting to see what the market does now as the old adage of "buy the anticipation and sell the fact" applies here very well.

If the market reacts negatively, it needs to be mentioned that there will be no other catalysts on the horizon that would make the market go higher. Interest rates are set unless the economy falters more, trade with China will resume but not above what is what is said in the agreement, and the economy is not likely to get better given that all indications based on present conditions suggests more weakening is to come.

As such, the next month or two will determine what the market is likely to do next year.

Finally, the markets will start showing what is real and not what some guess is going to happen.
Click to expand...

Don't get too excited. This involves "Phase 1". This by no means is any kind of resolution to the US-China conflict.

In any case, China is facing increased tariffs in three days. It's not surprising they'll make a deal that'll let them avoid the tariffs...even to go so far as to actually buy some ag products from the US. These tariffs are killing them and they know it.

Regarding the stock market gamblers? Who cares? They don't control the US economy anymore.
 
My suspicion is, as usual, that this will be more bluster than substance, done so as not to crash the markets with the 15 DEC scheduled tariffs Sunday.

I'll have to see what Trump has actually gotten, vs what he claims, as I suspect this was a ploy by Trump to not enact the scheduled tariffs.
 
Chomsky said:
My suspicion is, as usual, that this will be more bluster than substance, done so as not to crash the markets with the 15 DEC scheduled tariffs Sunday.

I'll have to see what Trump has actually gotten, vs what he claims, as I suspect this was a ploy by Trump to not enact the scheduled tariffs.
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Of course.

The last thing Trump needs going into impeachment week is to send the markets into a panic about a re-escalation of the trade war.
 
Luckyone said:
It was announced an hour ago that in principle a trade deal with China has been done. Trump still needs to approve it but the probabilities are that he will given that this was done between Xi's people and Trump's people.



It should be interesting to see exactly what was agreed to and how much each had to give up to accomplish it. By the same token and going back to what China was requesting as minimum for it to be done, I would venture to say that Trump did not accomplish much of what he was originally requesting.

It will also be interesting to see what the market does now as the old adage of "buy the anticipation and sell the fact" applies here very well.

If the market reacts negatively, it needs to be mentioned that there will be no other catalysts on the horizon that would make the market go higher. Interest rates are set unless the economy falters more, trade with China will resume but not above what is what is said in the agreement, and the economy is not likely to get better given that all indications based on present conditions suggests more weakening is to come.

As such, the next month or two will determine what the market is likely to do next year.

Finally, the markets will start showing what is real and not what some guess is going to happen.
Click to expand...

I wonder what Ron Vara thinks of this???
 
Mycroft said:
Don't get too excited. This involves "Phase 1". This by no means is any kind of resolution to the US-China conflict.

In any case, China is facing increased tariffs in three days. It's not surprising they'll make a deal that'll let them avoid the tariffs...even to go so far as to actually buy some ag products from the US. These tariffs are killing them and they know it.

Regarding the stock market gamblers? Who cares? They don't control the US economy anymore.
Click to expand...



good deal. personally I don;t want a resolution with china too soon.
 
I think it's Trump's way to distract from the impeachment proceedings. He has tweeted more than 100 times today, and that was the count 4 hours ago. Last week Trump said that the China deal might be better to wait until after the 2020 election. But now, he's realizing that he's in deep doo-doo with these proceedings going on, and it's driving him crazy. Trump is desperate for a win and he's going to acquiesce to China in order to get that win.
 
Mycroft said:
Don't get too excited. This involves "Phase 1". This by no means is any kind of resolution to the US-China conflict.

In any case, China is facing increased tariffs in three days. It's not surprising they'll make a deal that'll let them avoid the tariffs...even to go so far as to actually buy some ag products from the US. These tariffs are killing them and they know it.

Regarding the stock market gamblers? Who cares? They don't control the US economy anymore.
Click to expand...

The Chinese already agreed to buy $30 - $50 billion in agricultural products before the last round of tariff hikes. They just never did actually buy them, which is a typical Chinese negotiation tactic. They lie.
 
humbolt said:
The Chinese already agreed to buy $30 - $50 billion in agricultural products before the last round of tariff hikes. They just never did actually buy them, which is a typical Chinese negotiation tactic. They lie.
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That's correct and I suspect Trump won't stop the upcoming tariffs unless there is a purchase contract this time.
 
HumblePi said:
I think it's Trump's way to distract from the impeachment proceedings. He has tweeted more than 100 times today, and that was the count 4 hours ago. Last week Trump said that the China deal might be better to wait until after the 2020 election. But now, he's realizing that he's in deep doo-doo with these proceedings going on, and it's driving him crazy. Trump is desperate for a win and he's going to acquiesce to China in order to get that win.
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This impeachment nonsense doesn't bother Trump. In fact, he told the Dems to just do it.

No, this China stuff is happening because China wants it.
 
Mycroft said:
This impeachment nonsense doesn't bother Trump. In fact, he told the Dems to just do it.

No, this China stuff is happening because China wants it.
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Of course he told the Dems to just do it. He wants to rip off that bandaid and move on to looking forward to the Senate acquitting him.

But keep believing the impeachment doesn’t bother him. Trump is by far the thinnest skinned person to ever hold the presidency. He absolutely hates the idea of going into history as part of the Impeached Club.
 
HumblePi said:
I think it's Trump's way to distract from the impeachment proceedings. He has tweeted more than 100 times today, and that was the count 4 hours ago. Last week Trump said that the China deal might be better to wait until after the 2020 election. But now, he's realizing that he's in deep doo-doo with these proceedings going on, and it's driving him crazy. Trump is desperate for a win and he's going to acquiesce to China in order to get that win.
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Okay if that helps you sleep at night.
 
Geoist said:
Of course he told the Dems to just do it. He wants to rip off that bandaid and move on to looking forward to the Senate acquitting him.

But keep believing the impeachment doesn’t bother him. Trump is by far the thinnest skinned person to ever hold the presidency. He absolutely hates the idea of going into history as part of the Impeached Club.
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Doesn't bother Bill Clinton and he's still out in the public eye. President Trump will be okay.
 
Well Obama didn't even try to improve trade in the U.S. He just said manufacturing isn't coming back. What an american traitor.
 
My suspicion is that since this is phase 1, there will not be much in the way of excitement or resolution since phase 1 has already been defined as a big MEH. We will then be subjected to Phase 1.25, 1.50, 1.75, 1.76, 1.77, 1.78, 1.79 and on and on until we may finally reach phase 2 and that when you go looking for real substance between phase 1 and phase 2, you will need a microscope to find any. But DonDon will have made 20 announcements of a "deal" along the way having accomplished very little other than "an announcement".

When you look at DonDon's legal strategy with regard to Impeachment or his effort to dilute USIC's assessment of the Russian Maligned 2016 Election Interference, his NK nuke negotiation (now crumbled utterly to dust), his fantasy Wall or any other damned thing, you will find the same play being run again and again and again. DonDon does not even have a playbook. He as a play, one single solitary play and its all BS. Heck its not even high order BS. Its just the same BS over and over again.
 
Pushing T.P.P doesn't help trade here either. More jobs would've been gone.
 
Luckyone said:
It was announced an hour ago that in principle a trade deal with China has been done. Trump still needs to approve it but the probabilities are that he will given that this was done between Xi's people and Trump's people.



It should be interesting to see exactly what was agreed to and how much each had to give up to accomplish it. By the same token and going back to what China was requesting as minimum for it to be done, I would venture to say that Trump did not accomplish much of what he was originally requesting.

It will also be interesting to see what the market does now as the old adage of "buy the anticipation and sell the fact" applies here very well.

If the market reacts negatively, it needs to be mentioned that there will be no other catalysts on the horizon that would make the market go higher. Interest rates are set unless the economy falters more, trade with China will resume but not above what is what is said in the agreement, and the economy is not likely to get better given that all indications based on present conditions suggests more weakening is to come.

As such, the next month or two will determine what the market is likely to do next year.

Finally, the markets will start showing what is real and not what some guess is going to happen.
Click to expand...

President Donald Trump signed off on a so-called phase-one trade deal with China..
Click to expand...

So the trade war continues....This just covered the additional tariff Trump was going to put on China in December.
 
bradt99 said:
Well Obama didn't even try to improve trade in the U.S. He just said manufacturing isn't coming back. What an american traitor.
Click to expand...

Traitorship by allowing capitalism the freedom to do business where it wants. That my friend is not being a traitor...Derpa!
 
Moonglow said:
Traitorship by allowing capitalism the freedom to do business where it wants. That my friend is not being a traitor...Derpa!
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Obama campaigned on hope and change, he brought change alright, but no hope. We need manufacturing to come back HERE, not anywhere else and liberals will just say well that's the global economy, get over it!! Go to hell.
 
Geoist said:
Of course he told the Dems to just do it. He wants to rip off that bandaid and move on to looking forward to the Senate acquitting him.

But keep believing the impeachment doesn’t bother him. Trump is by far the thinnest skinned person to ever hold the presidency. He absolutely hates the idea of going into history as part of the Impeached Club.
Click to expand...

I think you have Trump confused with Obama. Obama is the one who's worried about his "legacy". Not Trump.
 
Mycroft said:
I think you have Trump confused with Obama. Obama is the one who's worried about his "legacy". Not Trump.
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Good thing!
 
bradt99 said:
Obama campaigned on hope and change, he brought change alright, but no hope. We need manufacturing to come back HERE, not anywhere else and liberals will just say well that's the global economy, get over it!! Go to hell.
Click to expand...

No, the reality is that automation will only allow you to bring back jobs calibrating robots when its all said and done. So you end up bringing back jobs at a rate that simply will not maintain a healthy middle class.

You can bring back manufacturing jobs like a screaming banshee if you want to and if you are lucky as all get out, you will bring back 50% of those functions AT BEST. But since 3 of 10 of those jobs for those functions will have been eliminated by automation you will only be bringing back 35% of those jobs that went overseas. You will at best bring back 3.5 of the 10 jobs that moved offshore, AT BEST.

Anybody visited a modern steel plant lately? Its a ghost town compared to what they used to be. Whirring machines processing metal and an occasional body walking around making sure the machines are functioning properly.

So go ahead, bring back till hell freezes over. But realize that you are then stuck finding work for a heck of a lot of people and that in going hell bent for leather after rust belt, manufacturing jobs as we have known them you will likely cut off some opportunities to advance in areas that are better insulated from automation and technology. Heck never mind the actual manufacturing jobs. TRUCK DRIVERS are are not going to make the cut. WAKE UP PEOPLE.
 
Mycroft said:
Don't get too excited. This involves "Phase 1". This by no means is any kind of resolution to the US-China conflict.

In any case, China is facing increased tariffs in three days. It's not surprising they'll make a deal that'll let them avoid the tariffs...even to go so far as to actually buy some ag products from the US. These tariffs are killing them and they know it.

Regarding the stock market gamblers? Who cares? They don't control the US economy anymore.
Click to expand...


An 86% tariff on Chinese goods would've hurt US consumers and devastated the slowing US economy if an agreement wasn't made by Dec. 15.

The stock market reacted every time Trump said anything about the China trade deal. But it's not the stock market that controls the economy, it's supply and demand...and lending and borrowing.
 
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