General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsKnew trump would change on tariffs. CNBC breaking..
https://www.cnbc.com/2019/08/13/ustr-removes-some-items-from-list-of-new-china-tariffs-citing-health-safety-national-security.htmlUS delays China tariffs for some items including cellphones, removing other products from list
The United States Trade Representative office cuts items from the list of Chinese-made products that had faced new tariffs next month.
It cited factors including health, safety and national security concerns.
The USTR also announces a delay of tariffs on electronics including cellphones, laptops and video game consoles and some clothing products until Dec. 15.
Chinas Commerce Ministry says Vice Premier Liu He had spoken by phone with U.S. Trade Representative Robert Lightizer and Treasury Secretary Steven Mnuchin and they agreed to talk again in two weeks.
The United States Trade Representative office said Tuesday that new tariffs on certain consumer items would be delayed until Dec. 15, while other products were being removed from the new China tariff list altogether. It cited health and security factors.
The duties had been set to go into effect on Sept. 1, so the announcement eased concerns about the holiday shopping season.
underpants
(182,279 posts)Huh?
Response to underpants (Reply #1)
dalton99a This message was self-deleted by its author.
malaise
(267,823 posts)or cry
stillcool
(32,626 posts)elleng
(130,156 posts)and he'll shit wherever and whenever he feels like it, so we're ALL victims.
Laura PourMeADrink
(42,770 posts)Crazy! They've always been used to relative stability. Makes it very difficult to plan. Trump calls for tariffs on product x, price goes up. Then a couple weeks later he reneges price goes down. Screws up supply chain.
That said..wouldn't put it past trump to be playing with the whole thing so someone can be making $$ off the rises and declines.
elleng
(130,156 posts)GET RID OF HIM, we can't survive this, crushing capitalism (among other things.)
malaise
(267,823 posts)I found the recipe - will post it this afternoon
Laura PourMeADrink
(42,770 posts)malaise
(267,823 posts)Ilsa
(61,675 posts)See who the winners and losers are, and what their relationship to MF45 is.
Laura PourMeADrink
(42,770 posts)would be in prison for an eternity if only we could tap his cell phone and nightly chit chats
yonder
(9,631 posts)underpants
(182,279 posts)China tariffs
Mexico tariffs
Attacking Iran
China tariffs again
Dana Milbank has an article with some other Pump fakes as I call them.
yonder
(9,631 posts)supported stronger background checks, then not because "they don't work", after Parkland, supported them again, few days later, nope.
Good call on "pump fakes". I'll steal, if okay?
underpants
(182,279 posts)Laura PourMeADrink
(42,770 posts)Behind the scenes like reversing President Obama's regulation that stopped coal companies from dumping cancer causing sludge into water.
This would make a brilliant ad. One he and GOP couldn't much defend
dalton99a
(81,073 posts)Va Lefty
(6,252 posts)Laura PourMeADrink
(42,770 posts)TheFarseer
(9,308 posts)He used to say he was going to acquire companies to push their stock price higher and then say he changed his mind to crash it so hes no stranger to market manipulation.
tinrobot
(10,848 posts)Now he's doing it to the economy.
dalton99a
(81,073 posts)Pump and Trump
Donald Trump claims he only licensed his name for real estate projects developed by others. But an investigation of a dozen Trump deals shows deep family involvement in projects that often involved deceptive practices.
by Heather Vogell, ProPublica, with Andrea Bernstein and Meg Cramer, WNYC, and Peter Elkind, ProPublica
October 17, 2018
C_U_L8R
(44,897 posts)Trump has no idea what he's doing and stuff is breaking all over the place. What a zero.
Clarity2
(1,009 posts)400 points, trump et al bought on the lows and sell on the high. Lather, rinse, repeat.
Its really disgraceful for a president to manipulate the market.
global1
(25,168 posts)December 15th.
Laura PourMeADrink
(42,770 posts)reverse that. So maybe electronic stocks will go down the days before the 15th then he will call off and stocks will rise. Know that's a duh...just thinking out loud.
What happens dec 15?
Laura PourMeADrink
(42,770 posts)procon
(15,805 posts)and Trump is in the way of their profits. Back to school sales are bringing in çustomers ready to buy. The holiday season is already started and stores want their shelves full of cheap imported goods for max profits.
No doubt they have let trump know that they don't want his stupid tariff wars mucking up their busiest season of the year.
Laura PourMeADrink
(42,770 posts)In school here in TX
NightWatcher
(39,343 posts)stillcool
(32,626 posts)packman
(16,296 posts)Wonder how many Trump friends lost big $ in those market drops? Of course, it's a game with the big investors - lose a few points, buy cheap, sell higher.
Laura PourMeADrink
(42,770 posts)It helps if you are in the loop and know he will renege. My luck, I'd pick the product/industry he wouldn't renege on.
mahatmakanejeeves
(56,897 posts)Steel, for example:
Proclamation on Adjusting Imports of Steel into the United States
ECONOMY & JOBS
Issued on: May 19, 2019
1. On January 11, 2018, the Secretary of Commerce (Secretary) transmitted to me a report on his investigation into the effect of imports of steel articles on the national security of the United States under section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862). The Secretary found and advised me of his opinion that steel articles were being imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States.
2. In Proclamation 9705 of March 8, 2018 (Adjusting Imports of Steel Into the United States), I concurred in the Secretarys finding that steel articles, as defined in clause 1 of Proclamation 9705, as amended by clause 8 of Proclamation 9711 of March 22, 2018 (Adjusting Imports of Steel Into the United States), were being imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States, and decided to adjust the imports of these steel articles by imposing a 25 percent ad valorem tariff on such articles imported from most countries.
3. As stated in the Proclamation dated May 16, 2019 (Adjusting Imports of Steel Into the United States), the Secretary has now advised me that the domestic industrys capacity utilization has improved to approximately the target level recommended in the Secretarys report. This target level, if maintained for an appropriate period, will improve the financial viability of the domestic steel industry over the long term.
4. In Proclamation 9705, I further stated that any country with which we have a security relationship is welcome to discuss with the United States alternative ways to address the threatened impairment of the national security caused by imports from that country, and noted that, should the United States and any such country arrive at a satisfactory alternative means to address the threat to the national security such that I determine that imports from that country no longer threaten to impair the national security, I may remove or modify the restriction on steel articles imports from that country and, if necessary, adjust the tariff as it applies to other countries, as the national security interests of the United States require.
{snip}
Laura PourMeADrink
(42,770 posts)If we don't or didn't why would you impose a tariff? That reduces imports.
real Cannabis calm
(1,124 posts)The Real Reason American Jobs Are Going to China
The biggest categories of U.S. imports from China were computers and accessories, cell phones, and apparel and footwear. A lot of these imports are from U.S. manufacturers that send raw materials to China for low-cost assembly. Once shipped back to the United States, they are considered imports.
China's biggest imports from America are commercial aircraft, soybeans, and autos. In 2018, China canceled its soybean imports after President Trump started a trade war. He imposed tariffs on Chinese steel exports and other goods. https://www.thebalance.com/u-s-china-trade-deficit-causes-effects-and-solutions-3306277
Sneederbunk
(14,208 posts)Hoyt
(54,770 posts)Peregrine Took
(7,408 posts)although well into middle age she had a rebellious aspect to her personality and liked to challenge management.
There were, as usual office rules, say about tardiness, break and lunch times, etc and she would delight in going right up to the edge of these rules and then jump back to avoid being disciplined.
Example, we were considered tardy at 8:35 (due in at 8:30) so instead of leaving the house a bit early to give herself some squish time - she would would hang back in the lobby and run in at 8:34.
If she hated management rules so much she should have just had the guts to challenge them openly.
Laura PourMeADrink
(42,770 posts)She could take lunch, so took it from 8:30-9:30a everyday and just came in to work at 9:30a. Then played around while rest of office out at normal lunch time.
What's bitten us bad with trump is that he doesn't do real work..with legislation....he found out the lazy ways out. Things he could do with a signature (his psychotic scrawl) exec order, regulation, tariffs...easy and quick and he doesn't have to read.
Takket
(21,425 posts)For protecting prices for the American consumer.