The "trade war" has little to do with trade, slowing China's explosive economic growth (and therefore dominance & influence in the region and Africa) is the aim, and since China is achieving its growth on the back of America's innovation by stealing IP (or forcing its transfer), Trump decided to put a stop to it, he erroneously chose the use tariffs, China retaliated with their own tariffs so it became a "trade war". Before China, it was Germany, then Japan, now its China, the 1st 2 were brought into line with boycotts and sanctions, Trump chose tariffs for China and so is distorting the objective making it look like that if China buys more from the USA then all will be settled, it won't be unless Trump gets replaced by another Obama, perhaps Biden. If Trump stays in office or even if Warren or Sanders replace him, China will have a tough time continuing its growth & influence.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
- Start date
- Status
Isn't it funny? It was America that helped foster the growth of all 3 countries out of the ashes, and yet they all became ungrateful and decided to bite the hand that fed them.
No===we are headed parabolic long.
Actually, I was talking about today only. I figured CNBC would be covering what some are saying is indicative of Trump blowback by suburban voters. Those hardcore red affluent counties in KY up around Cincinnati went blue. That's basically Ohio. A big swing state B1. Virginia went blue.
I'm not saying it means anything one way or the other... but had CNBC chosen to sensationalize that this morning, we would have seen a nice drop today. Not one peep however. That surprised me.
Most likely some news dropped and the algos went berserk
Chinese and Trump DEAL getting DELAYED according to CNBC
https://www.cnbc.com/2019/11/06/us-futures-point-to-a-mixed-open.html
It was weird stock went up for a few seconds before heading down.
It was weird stock went up for a few seconds before heading down.
China saw what happened last night in Kentucky. They are going to wait and see if Trump stays in office. There will be no trade deal....that's my guess.
- Status