Trump Admin Starts Caving On China Trade War

TPM Article Topics
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Remember when trade wars were “good and easy to win”?

This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1242316
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Mnuchin, who always looks like he’s sucking on a lemon or getting ready to, delivers the bad news of Whiny backing down.

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China will promise to schedule a future meeting, and he will point to that as a win.

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The key here is that the consumer price hikes caused by tariffs on toys and electronics will NOT affect Christmas shopping until AFTER the 2020 election.

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So all the back-to-school crap at Target and Wallmart has an impact on health, safety, national security and other factors?

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The Cave Man, Homo dunning-kruger, strikes again.

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He’s just concerned about his trophy wife working out at home with those strapping young trainers.

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image

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Thanks, coach. Got our asses handed to us again under your distinctive style of leadership. Who we going after next?

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It’s probably much too little and too late to avoid a recession. The yield curve has been inverted for a few months now and that is the best recession predictor out there, with the slump coming 9-12 months later (mid 2020). It will serve Trump right to run for re-election in a recession…

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The 1962 Mets?

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Predict as soon as DJT finds out that this looks like caving, he’ll flip out and punish US consumers with more tariffs than ever.

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At least maybe there will be a quick stock market spike and I can sell some stuff in my IRA before Stable Orange Genius thinks of something stupid to distract from this cave and tanks the market again.

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Blame Canada.

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He’ll put tariffs on all the blue states.

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I think everyone here knows that footwear is a national security matter that should never have been put on the list to begin with.

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I’m not usually a conspiracy theorist, but I am really starting to think that there is market manipulation going on.

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Is anyone else watching the live BBC footage from the Hong Kong airport? (I don’t have to work today and am glued to my TV) The situation is deteriorating rapidly as police are physically confronting the protestors. This is a serious crisis - Trump’s trade war with China isn’t the only thing that’s going to affect the world economy. While most US presidents would have stated some kind of support for the protestors, Trump just issued a “both sides” statement, so there’s that to worry about as well.

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I wish some agency was tracking the Trump Club people that days of Trump ‘trade’ announcements. I have a feeling that they seize the opportunity to buy stocks the day DoDo-nald announces increased tariffs (and stocks take a hit)… only to sell off their purchases in the next few days when DoDo-nald announces a ‘relaxing’ of tariffs. He may even communicate when to be ready for his market manipulations in one of his constant tweets.

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The deals of a dunce.
Trump backs down again.

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