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Laura PourMeADrink

(42,770 posts)
Tue Aug 13, 2019, 11:12 AM Aug 2019

Knew 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.html

US 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.

China’s 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.

44 replies = new reply since forum marked as read
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Knew trump would change on tariffs. CNBC breaking.. (Original Post) Laura PourMeADrink Aug 2019 OP
Health and security?? underpants Aug 2019 #1
This message was self-deleted by its author dalton99a Aug 2019 #4
just laugh malaise Aug 2019 #18
his own.. stillcool Aug 2019 #44
He is nothing but a bull-shitter, elleng Aug 2019 #2
It's driving bankers and their commercial clients here Laura PourMeADrink Aug 2019 #10
Figured it would; waiting for them to put their collective feet down and say elleng Aug 2019 #15
You may need that rum punch daily to deal with this lunatic malaise Aug 2019 #20
Don't tease me Babe Laura PourMeADrink Aug 2019 #22
Will post it when I return from a meeting malaise Aug 2019 #24
Let's hope the SEC is on this, watching to Ilsa Aug 2019 #33
Evidently the bar is high ...you must have proof. Trump Laura PourMeADrink Aug 2019 #37
flip-flop. again yonder Aug 2019 #3
Let's list them underpants Aug 2019 #7
I can't keep up yonder Aug 2019 #17
Definitely underpants Aug 2019 #23
Meanwhile, no traction on the things he does Laura PourMeADrink Aug 2019 #25
He's manipulating the market for personal profit dalton99a Aug 2019 #5
Exactly. Add to the list of impeachable crimes Va Lefty Aug 2019 #9
Like Carl Ichan, remember? Trump buddy. Still running free. Laura PourMeADrink Aug 2019 #12
Someone is getting rich off this TheFarseer Aug 2019 #32
He pumped and dumped stocks in the 80s tinrobot Aug 2019 #36
+1. He also used the same tactic in real estate: dalton99a Aug 2019 #41
He's such a bozo. C_U_L8R Aug 2019 #6
And the dow rises Clarity2 Aug 2019 #8
And He's Getting Ready For His Next Insider Killing In The Market On..... global1 Aug 2019 #13
Yep nt Clarity2 Aug 2019 #19
But that right before Xmas...so he will probably Laura PourMeADrink Aug 2019 #28
Wait TheFarseer Aug 2019 #34
It says the "stay" on some of the tariffs runs out then Laura PourMeADrink Aug 2019 #39
US business demands more imported products procon Aug 2019 #11
Exactly. But it seems almost too late? Kids already Laura PourMeADrink Aug 2019 #14
trump's Laundrymat. Bluff and Fold in 12 hours. NightWatcher Aug 2019 #16
now that made me smile.. stillcool Aug 2019 #43
And the plunging stock market wins again packman Aug 2019 #21
Buy after he threatens tariffs ...sell today on rebound. Laura PourMeADrink Aug 2019 #27
National security was the excuse given for the need for tariffs in the first place. mahatmakanejeeves Aug 2019 #26
I don't get this. We have enough steel imports or not? Laura PourMeADrink Aug 2019 #30
K&R I knew Trump would back down from these tariffs. Meanwhile... real Cannabis calm Aug 2019 #29
Waffler in Chief. Sneederbunk Aug 2019 #31
He'll be paying China to take our goods before it's over, while claiming victory. Hoyt Aug 2019 #35
Reminds me of "Cecelia" a woman I used to work with... Peregrine Took Aug 2019 #38
Reminds me of a coworker who saw no rule for when Laura PourMeADrink Aug 2019 #40
Get ready for the tweet praising himself Takket Aug 2019 #42

Response to underpants (Reply #1)

elleng

(130,156 posts)
2. He is nothing but a bull-shitter,
Tue Aug 13, 2019, 11:22 AM
Aug 2019

and he'll shit wherever and whenever he feels like it, so we're ALL victims.

 

Laura PourMeADrink

(42,770 posts)
10. It's driving bankers and their commercial clients here
Tue Aug 13, 2019, 11:36 AM
Aug 2019

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)
15. Figured it would; waiting for them to put their collective feet down and say
Tue Aug 13, 2019, 11:41 AM
Aug 2019

GET RID OF HIM, we can't survive this, crushing capitalism (among other things.)

malaise

(267,823 posts)
20. You may need that rum punch daily to deal with this lunatic
Tue Aug 13, 2019, 11:56 AM
Aug 2019

I found the recipe - will post it this afternoon

Ilsa

(61,675 posts)
33. Let's hope the SEC is on this, watching to
Tue Aug 13, 2019, 01:00 PM
Aug 2019

See who the winners and losers are, and what their relationship to MF45 is.

 

Laura PourMeADrink

(42,770 posts)
37. Evidently the bar is high ...you must have proof. Trump
Tue Aug 13, 2019, 01:15 PM
Aug 2019

would be in prison for an eternity if only we could tap his cell phone and nightly chit chats

underpants

(182,279 posts)
7. Let's list them
Tue Aug 13, 2019, 11:34 AM
Aug 2019

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)
17. I can't keep up
Tue Aug 13, 2019, 11:49 AM
Aug 2019

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?

 

Laura PourMeADrink

(42,770 posts)
25. Meanwhile, no traction on the things he does
Tue Aug 13, 2019, 12:36 PM
Aug 2019

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

TheFarseer

(9,308 posts)
32. Someone is getting rich off this
Tue Aug 13, 2019, 01:00 PM
Aug 2019

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 he’s no stranger to market manipulation.

dalton99a

(81,073 posts)
41. +1. He also used the same tactic in real estate:
Tue Aug 13, 2019, 01:49 PM
Aug 2019
https://features.propublica.org/trump-inc-podcast/trump-family-business-panama-city-khafif/
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

Clarity2

(1,009 posts)
8. And the dow rises
Tue Aug 13, 2019, 11:34 AM
Aug 2019

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.

 

Laura PourMeADrink

(42,770 posts)
28. But that right before Xmas...so he will probably
Tue Aug 13, 2019, 12:48 PM
Aug 2019

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.

procon

(15,805 posts)
11. US business demands more imported products
Tue Aug 13, 2019, 11:36 AM
Aug 2019

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.

 

packman

(16,296 posts)
21. And the plunging stock market wins again
Tue Aug 13, 2019, 12:09 PM
Aug 2019

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)
27. Buy after he threatens tariffs ...sell today on rebound.
Tue Aug 13, 2019, 12:41 PM
Aug 2019

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)
26. National security was the excuse given for the need for tariffs in the first place.
Tue Aug 13, 2019, 12:39 PM
Aug 2019

Steel, for example:

PROCLAMATIONS

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 Secretary’s 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 industry’s capacity utilization has improved to approximately the target level recommended in the Secretary’s 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)
30. I don't get this. We have enough steel imports or not?
Tue Aug 13, 2019, 12:53 PM
Aug 2019

If we don't or didn't why would you impose a tariff? That reduces imports.

real Cannabis calm

(1,124 posts)
29. K&R I knew Trump would back down from these tariffs. Meanwhile...
Tue Aug 13, 2019, 12:49 PM
Aug 2019
US Trade Deficit With China and Why It's So High
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

Peregrine Took

(7,408 posts)
38. Reminds me of "Cecelia" a woman I used to work with...
Tue Aug 13, 2019, 01:17 PM
Aug 2019

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)
40. Reminds me of a coworker who saw no rule for when
Tue Aug 13, 2019, 01:27 PM
Aug 2019

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.

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