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Tue Aug 13, 2019, 11:12 AM

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.

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Arrow 44 replies Author Time Post
Reply Knew trump would change on tariffs. CNBC breaking.. (Original post)
Laura PourMeADrink Tuesday OP
underpants Tuesday #1
dalton99a Tuesday #4
malaise Tuesday #18
stillcool Tuesday #44
elleng Tuesday #2
Laura PourMeADrink Tuesday #10
elleng Tuesday #15
malaise Tuesday #20
Laura PourMeADrink Tuesday #22
malaise Tuesday #24
Ilsa Tuesday #33
Laura PourMeADrink Tuesday #37
yonder Tuesday #3
underpants Tuesday #7
yonder Tuesday #17
underpants Tuesday #23
Laura PourMeADrink Tuesday #25
dalton99a Tuesday #5
Va Lefty Tuesday #9
Laura PourMeADrink Tuesday #12
TheFarseer Tuesday #32
tinrobot Tuesday #36
dalton99a Tuesday #41
C_U_L8R Tuesday #6
Clarity2 Tuesday #8
global1 Tuesday #13
Clarity2 Tuesday #19
Laura PourMeADrink Tuesday #28
TheFarseer Tuesday #34
Laura PourMeADrink Tuesday #39
procon Tuesday #11
Laura PourMeADrink Tuesday #14
NightWatcher Tuesday #16
stillcool Tuesday #43
packman Tuesday #21
Laura PourMeADrink Tuesday #27
mahatmakanejeeves Tuesday #26
Laura PourMeADrink Tuesday #30
real Cannabis calm Tuesday #29
Sneederbunk Tuesday #31
Hoyt Tuesday #35
Peregrine Took Tuesday #38
Laura PourMeADrink Tuesday #40
Takket Tuesday #42

Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 11:20 AM

1. Health and security??

Huh?

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Response to underpants (Reply #1)


Response to underpants (Reply #1)

Tue Aug 13, 2019, 11:55 AM

18. just laugh

or cry

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Response to underpants (Reply #1)

Tue Aug 13, 2019, 03:07 PM

44. his own..

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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 11:22 AM

2. He is nothing but a bull-shitter,

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

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Response to elleng (Reply #2)

Tue Aug 13, 2019, 11:36 AM

10. It's driving bankers and their commercial clients here

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.

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Response to Laura PourMeADrink (Reply #10)

Tue Aug 13, 2019, 11:41 AM

15. Figured it would; waiting for them to put their collective feet down and say

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

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Response to Laura PourMeADrink (Reply #10)

Tue Aug 13, 2019, 11:56 AM

20. You may need that rum punch daily to deal with this lunatic


I found the recipe - will post it this afternoon

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Response to malaise (Reply #20)

Tue Aug 13, 2019, 12:14 PM

22. Don't tease me Babe

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Response to Laura PourMeADrink (Reply #22)

Tue Aug 13, 2019, 12:24 PM

24. Will post it when I return from a meeting

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Response to Laura PourMeADrink (Reply #10)

Tue Aug 13, 2019, 01:00 PM

33. Let's hope the SEC is on this, watching to

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

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Response to Ilsa (Reply #33)

Tue Aug 13, 2019, 01:15 PM

37. Evidently the bar is high ...you must have proof. Trump

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

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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 11:25 AM

3. flip-flop. again

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Response to yonder (Reply #3)

Tue Aug 13, 2019, 11:34 AM

7. Let's list them

China tariffs
Mexico tariffs
Attacking Iran
China tariffs again

Dana Milbank has an article with some other “Pump fakes” as I call them.

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Response to underpants (Reply #7)

Tue Aug 13, 2019, 11:49 AM

17. I can't keep up

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?

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Response to yonder (Reply #17)

Tue Aug 13, 2019, 12:22 PM

23. Definitely

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Response to underpants (Reply #7)

Tue Aug 13, 2019, 12:36 PM

25. Meanwhile, no traction on the things he does

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

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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 11:30 AM

5. He's manipulating the market for personal profit

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Response to dalton99a (Reply #5)

Tue Aug 13, 2019, 11:36 AM

9. Exactly. Add to the list of impeachable crimes

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Response to Va Lefty (Reply #9)

Tue Aug 13, 2019, 11:38 AM

12. Like Carl Ichan, remember? Trump buddy. Still running free.

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Response to dalton99a (Reply #5)

Tue Aug 13, 2019, 01:00 PM

32. Someone is getting rich off this

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.

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Response to dalton99a (Reply #5)

Tue Aug 13, 2019, 01:14 PM

36. He pumped and dumped stocks in the 80s

Now he's doing it to the economy.

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Response to tinrobot (Reply #36)

Tue Aug 13, 2019, 01:49 PM

41. +1. He also used the same tactic in real estate:

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

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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 11:32 AM

6. He's such a bozo.

Trump has no idea what he's doing and stuff is breaking all over the place. What a zero.

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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 11:34 AM

8. And the dow rises

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.

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Response to Clarity2 (Reply #8)

Tue Aug 13, 2019, 11:38 AM

13. And He's Getting Ready For His Next Insider Killing In The Market On.....

December 15th.

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Response to global1 (Reply #13)

Tue Aug 13, 2019, 11:55 AM

19. Yep nt

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Response to global1 (Reply #13)

Tue Aug 13, 2019, 12:48 PM

28. But that right before Xmas...so he will probably

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.

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Response to global1 (Reply #13)

Tue Aug 13, 2019, 01:02 PM

34. Wait

What happens dec 15?

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Response to TheFarseer (Reply #34)

Tue Aug 13, 2019, 01:19 PM

39. It says the "stay" on some of the tariffs runs out then

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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 11:36 AM

11. US business demands more imported products

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.

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Response to procon (Reply #11)

Tue Aug 13, 2019, 11:40 AM

14. Exactly. But it seems almost too late? Kids already

In school here in TX

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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 11:47 AM

16. trump's Laundrymat. Bluff and Fold in 12 hours.

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Response to NightWatcher (Reply #16)

Tue Aug 13, 2019, 03:04 PM

43. now that made me smile..

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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 12:09 PM

21. And the plunging stock market wins again

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.

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Response to packman (Reply #21)

Tue Aug 13, 2019, 12:41 PM

27. Buy after he threatens tariffs ...sell today on rebound.

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.

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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 12:39 PM

26. National security was the excuse given for the need for tariffs in the first place.

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}

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Response to mahatmakanejeeves (Reply #26)

Tue Aug 13, 2019, 12:53 PM

30. I don't get this. We have enough steel imports or not?

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

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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 12:49 PM

29. K&R I knew Trump would back down from these tariffs. Meanwhile...

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

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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 12:59 PM

31. Waffler in Chief.

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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 01:04 PM

35. He'll be paying China to take our goods before it's over, while claiming victory.

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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 01:17 PM

38. Reminds me of "Cecelia" a woman I used to work with...

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.

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Response to Peregrine Took (Reply #38)

Tue Aug 13, 2019, 01:27 PM

40. Reminds me of a coworker who saw no rule for when

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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Response to Laura PourMeADrink (Original post)

Tue Aug 13, 2019, 01:53 PM

42. Get ready for the tweet praising himself

For protecting prices for the American consumer.

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