Trump Announces 10% Tariffs on 300 Billion!

ironchef said:
Based on the debates the last two days, perhaps one of the front runners like Warren, Harris, Sanders will be elected. Then, a Democrat President will zero out the tariff on Chinese imports to lower the cost of living, increase minimum wages to $20 an hour, open up the US/Mexican boarder for anyone who wants to come to the US, free healthcare for all including immigrants, welfare to all needy including immigrants. All pay for by imposing a 90% income tax on the top 10% and a 50% corporate tax rate. I almost forgot, put a tax on trading, which should raise billions.
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You forgot student loan forgiveness!!

Not taking sides but if trump isn't elected again the markets are going to crumble.
 
S2007S said:
Agree...if by some odd chances the markets start selling off hard like they did in November/December 2018 and credit markets tighten he will lift all tariffs at once. I'm telling you China has the upper hand and will take this out as long as it goes. All that garbage talk about a deal was just political lies as usual. There is no deal and won't be a deal. China is playing it very cool and has no worries about the additional tariffs Trump placed on them today. If anything these tariffs are going to sting the US more than China.
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Remember Mr T is a winner..over and over again. Mr Xi will lose.
 
DaveV said:
I hate to burst your bubble, but the market did better under Obama than under Trump. Both in average gain per year, and in the first 30 months of their presidencies.

Fortune magazine: S&P 500 Has Performed Far Worse Under Trump Than Under Obama
https://fortune.com/2019/06/03/stock-market-trump-obama-sp-500/
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low resolution thinking.

a rebound from a crash is far easier than mid cycle expansion.... for the former you've got infrastructure and workers on temporary pause, simply coming back to productivity once the liquidity is available... apples to oranges to mid cycle expansion where deregulation and tax cut give incentives to companies to hire more..

what did Obama do exactly? nothing... which happened to be partly what the economy needed at the time, for the central bankers to sort things out.... don't give credit when credit isn't due.
 
dozu888 said:
l ... what did Obama do exactly? nothing... which happened to be partly what the economy needed at the time, for the central bankers to sort things out.... don't give credit when credit isn't due.
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My response to do with credit to Obama or Trump. My response was to the poster that stated that if Trump wasn't reelected the markets would crash. The fact is that the stock market does better under Democratic administrations, and has nothing to do with who is the president.

https://www.forbes.com/sites/peterl...-is-better-for-the-stock-market/#23a3ea4c239d
 
dozu888 said:
it's never guaranteed... if there is social unrest anything can happen...
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Of course, he could die tomorrow from illness. However, history gives him greater odds of staying in power longer than Trump. Even in Africa, you don't topple a dictator every day.
 
DaveV said:
My response to do with credit to Obama or Trump. My response was to the poster that stated that if Trump wasn't reelected the markets would crash. The fact is that the stock market does better under Democratic administrations, and has nothing to do with who is the president.

https://www.forbes.com/sites/peterl...-is-better-for-the-stock-market/#23a3ea4c239d
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Well, if Warren or Sanders wins in 2020 that would be a Socialist Administration. Their policies certainly wouldn’t look like any previous Democratic President in history. Even President Obama admitted that he would be a “Republican” comparatively speaking.
 
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bone said:
Good luck with that.
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Looks like I'm going to need some of that luck! The move in bonds has some follow-through. Still haven't touched the the strike yet. I feel confident enough to add to the position if it goes further in this direction though.
 
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