DawgTalkers.net Forums DawgTalk Palus Politicus Trump just blinked, giving China a possible edge in trade war

China has been playing the long game while people seem now to be promoting isolationist policies. In the end we will pay big time for this.....

Dominance or development? What’s at the end of China’s New Silk Road?

https://www.scmp.com/news/china/diplomac...s-new-silk-road

While America focuses on tariffs and playing the short game, China is busy securing international dominance heading into the future.

All I know is that if he stands firm and doesn't budge, that will be exactly what he should do.

If he backs off and lightens up, that will be exactly what he should do.

If he tweets that this is all Congress's fault, that will be exactly what he should do.

In the end, it's all "the squad's" fault any way.

That’s right folks! It’s the media’s fault if we get into a recession! Lmfaooooooooo

Oh, by he way, our trade deficit with the EU just increased.

Basically the opposite of what trump claimed was gonna happen under his watch.

That’s the media’s fault too.

j/c

Quick thoughts ....

Yes, this is Trump blinking. Not blinking because of pressure from China, blinking because he knows that if prices rise at Xmas because of the tariffs, the public will realize and acknowledge the lie that is "China is paying the tariffs" .....

Yes, this does prove beyond a shadow of a doubt - consumers pay for tariffs. Though I am sure I will see people puppet Trump and blame anything and everything except what Trump does.

A forgotten cost to the USA? Farming subsidies? "When President Donald Trump's administration announced a $12 billion aid package for farmers struggling under the financial strain of his trade dispute with China, "

https://www.cbsnews.com/news/trump-farm-subsidies-farmers-find-ways-to-boost-their-payments/

Finally that people are wanting the economy to crash to hurt Trump ... that was said by someone on these boards (forget who) after the shootings and the Dow tanked ... that the "Left" would love it all because it was bad for Trump. A complete lie and fabrication from the demented.... I want what's best for me (and the country as a whole) - I do NOT want to see my investments and my 401K dive.... I want them to do well. I want Trump to do well and the US economy and community to do well .... sadly, tax cuts for the wealthy that do nothing but add debt, hostilities with EU partners, China and our North American allies ... that and fawning to Kim and Putin ..... all horrible and not in our best interests. But hey - never let facts get in the way of a good lie or sound bite from Trump.

Common sense escapes them because they parrot Trump.

Oh ... lets not forger Trump is also blaming the Federal Reserve too - another political football used by Trump to score cheap points from the clueless.

Just because I can't stand how some of you don't even understand how the US budget is made I would ask you to learn something new.

Who makes the budget?
A. The President
B. The Congress
C. THe Senate
D. The Federal Reserve

When did the deficit spending more than double during President Trump's term?
A. 2016
B. 2017
C. 2018
D. 2019

When you understand the correct answers to those two questions you will understand why the deficit is ballooning out of control. B, C.

So the senate passes it and Trump has to sign it. Got it.

Caught a clip of Trump talking about not being worried about recession and saying he's not ready to make a deal with China... He said the big tax cut has consumers "loaded up" with money for christmas... meanwhile a new rumor is swirling around 1600 Pennsylvania Ave that Trump's handlers had to tell him he would ruin Christmas if he placed the new tariffs on China. You just can't make this stuff up.

Republican Congress?

No it's congress that controls the budget. They have complete control over it. The senate just has a small committee that makes sure that they themselves are funded. The president offers recommendations but the house is not obligated at all to listen to them. The president can offer to veto the bill but with enough majority congress can override it or they can shut the government down.

The president actually has very little to do with the deficit.

The president often times proposes a budget. The senate has to pass any budget with 60 votes or more.

How much does the president have to do with it? That depends. If you have a majority in the house, the senate and the White House, he has a lot to do with it because his own party won't fight against him. That's what led to the tax cuts that were "supposed to pay for themselves". They didn't which led to the short fall.

U.S. NEWS 08/19/2019 04:28 pm ET
American Families Will Pay $1,000 Per Year For Trump’s China Tariffs, JPMorgan Says
The estimated costs would wipe out nearly all of the tax breaks from Trump’s 2017 tax overhaul.
headshot
By Amy Russo
Despite repeated assurances from Trump administration officials that U.S. consumers are not bearing the brunt of its tariffs on China, a new JPMorgan analysis predicts that the average American family will shoulder $1,000 per year.

According to CNBC, the firm estimates that the administration’s newest round of tariffs ― 10% on $300 billion of Chinese goods ― will result in a $400 increase in costs per household. Roughly half of the new tariffs are due to take effect on Sept. 1 and the other half are set for Dec. 15. The Chinese tariffs already in place are expected to cost the average household $600 per year.


In total, the impact of tariffs are predicted to effectively wipe out tax breaks from President Donald Trump’s 2017 tax overhaul, which JPMorgan estimates to be $1,300 per year.

The latest rounds of tariffs will affect consumption and capital goods, the analysis noted, differing from previous tariffs that have targeted intermediate goods, which are unfinished products sold to manufacturers. That means American shoppers may see the looming tariffs hit their wallets even more.

While Trump has previously and falsely claimed that the tariffs will be paid by China while strengthening the U.S. and lowering its trade deficit, it appears the Trump administration expects consumers will feel the effects.

Initially, the 10% tariffs were supposed to be implemented all at once in September. However, the partial delay has been advertised as a way to help families who will soon be preparing for the holidays.

In an interview with Fox News last week, shortly after the delay was announced, White House trade adviser Peter Navarro called it a “Christmas present to the nation.”

In May, economists from the International Monetary Fund, the Federal Reserve Bank of Boston, Harvard University and the University of Chicago published a study finding that the burden is being placed “largely on the U.S.” A separate IMF report on the study explained that while both American and Chinese consumers “are unequivocally the losers from trade tensions ... tariff revenue collected has been borne almost entirely by U.S. importers.”


https://www.huffpost.com/entry/american-...4b04e1e14de8a9e

Anyone still believing this baffoon need their heads examined.

First he claims that Americans don't pay for the tariffs. Then he says that he is delaying some of the tariffs until after Christmas so as not to hurt Americans doing their Christmas shopping.

He can't have it both ways.

Let's be honest about this for just a minute. Christmas spending is one thing closely looked at as an economic indicator. If Christmas sales are down, it won't look good for him.

He's doing this to cover his own ass as per usual.

Trump literally just said "this isn't my trade war, this is a trade war that should have happened long ago, but I am the chosen one, I made it happen". Next week it will be Obama's trade war as he tries to distance himself from the tanking economy...

BUT I AM THE CHOSEN ONE... omfg.

The narcissist creed.

Lol so I take it I’m not the only one who saw the rant today?

Lol dude proved to everyone he doesn’t understand trade whatsoever, not even the basics like most of us. Just the basics, nope. Not even him.

And he really looked to the sky when he said “I’m the chosen one”.

Good lord, the MAGA hatters must be super proud to finally have someone they can worship who isn’t god. God had super hard rules anyway, so I get why the average conservative couldn’t meet the standard.

The Chosen One... lmao

Pit, hope you don’t mind. Don’t want too many threads on trade, so I’m sticking this here:

A trade war with Europe would be larger and more damaging than Washington’s dispute with China

https://www.cnbc.com/2019/08/22/why-a-us...than-china.html

The United States has more to lose from a full-blown trade war with the EU than it does with its current conflict with China, experts have told CNBC.

President Donald Trump has kept up his tough rhetoric against the European Union despite focusing on Chinese tariffs in recent months. But his administration is due to decide in November whether to impose duties on one of most important industries in Europe: autos.


There have already been tariffs on European steel and aluminum — which led the bloc to impose duties of 25% on $2.8 billion of U.S. products in June 2018, and, there’s an ongoing dispute regarding Airbus and Boeing — but experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China. Leaders of the G-7, the world’s seven largest economies, are due to talk global trade at a meeting in France later this week.

“EU-U.S. trade matters most. It is by far the biggest single bilateral trade flow in the world,” Florian Hense, an economist at Berenberg, told CNBC via email.

“Counting exports and imports of goods and services, U.S.-EU bilateral trade exceeded that between the U.S. and China in 2018 by more than 70%,” he added.

Data from the Office of the U.S. Trade Representative shows that in 2018, the U.S. imported $683.9 billion of EU goods and $557.9 billion from China. However, looking at U.S. exports, these reached $574.5 billion to Europe and only $179.2 billion to China. These figures included both goods and services.


Flourish logoA Flourish data visualisation
“In 2018, the U.S. exported more than three times more to the EU than to China,” Hense said, adding that the region could therefore hit back hard against Washington.

For its part, the EU’s trade chief Cecilia Malmstrom has said they would rather not be in this position of introducing levies, but would do so if the U.S. struck first.

“The rules of international trade, which we have developed over the years hand-in-hand with our American partners, cannot be violated without a reaction from our side,” she said in June 2018. Since then, every time the U.S. has threatened to impose further levies, Brussels has worked up different lists of goods to show how it could hit back at the White House.

US-EU economies are already struggling

Furthermore, both the U.S. and Europe cannot afford a trade war at this stage. “While the U.S.-China trade war is now starting to have effects on the broader health of the economy, it has taken a while and some of the effects were balanced by a benign economic climate,” Fredrik Erixon, director of the think tank ECIPE, told CNBC.

“That is not the case if there is a serious increase in tariffs between the U.S. and the EU in the autumn. Both economies are slowing down, and the cyclical effect of the tariffs is likely to be pretty strong,” he added.


Flourish logoA Flourish data visualisation
Data out at the end of July showed the euro zone — the 19-member region that shares the euro — growing at a rate of just 0.2% in the second quarter. This was down from a rate of 0.4% in the first quarter of the year. As a result, the European Central Bank (ECB), which oversees monetary policy in the region, is set to announce further stimulus after the summer.

In the U.S., the economy grew at an annualized rate of 2.1% in the second quarter of the year — 1 percentage point lower than in the previous quarter — and the U.S. Federal Reserve announced in July its first rate cut in more than a decade. Speaking at the U.S. Senate in mid-July, Fed Chairman Jerome Powell said that “crosscurrents, such as trade tensions and concerns about global growth, have been weighing on economic activity and the outlook. ”

US multinationals at risk

Erik Jones, professor of international political economy at Johns Hopkins University, explained that the business models of multinational firms is in danger as a result of a potential U.S.- EU trade war.

“Much of the (EU-U.S.) trade takes place within firms rather than between them … (as a result) when you impose tariffs between the U.S. and Europe, you end up raising the prices for consumers and complicating the way goods are assembled in both places, as in the U.S.-China case, but you also end up disrupting the profitability of the business models for large multinationals,” he said.

“Since many, if not most of those large multinationals are American, this is going to put a further drag on the U.S. economy,” he added.

According to the European statistics office, the top U.S. goods exported to Europe in 2018 were engines and motors, aircraft and associated equipment, and medicinal and pharmaceutical products. In terms of imported goods, the U.S. bought mostly autos from the EU as well as pharmaceutical and medical goods.

“A trade war between the U.S. and Europe would be more challenging than a trade war between the U.S. and China because it would weaken U.S. multinationals, reduce the size of the markets U.S. firms can access, and create incentives for U.S. firms to divest from their foreign assets and so unleash further foreign competition,” Jones said in an email.

“In other words, it would undo all the structural advantages that successive U.S. administrations created since the end of the Second World War,” he added.

And I guess i will stick this here also



https://www.marketwatch.com/story/us-cre...show-2019-08-21

U.S. created 500,000 fewer jobs since 2018 than previously reported, new figures show

Published: Aug 21, 2019 1:41 p.m. ET

Hiring doesn’t appear to have gotten big boost from Trump tax cuts

Author photo
By

JEFFRY
BARTASH
REPORTER

Bloomberg News/Landov
Looking for help? Retail stores aren’t hiring a lot of people these days as online rivals eat into sales. The U.S. government on Wednesday said the economy added 501,000 fewer jobs than initially reported.
Turns out hiring wasn’t nearly as strong in 2018 and early 2019 as the government initially reported — by about a half-million jobs.

The economy had about 501,000 fewer jobs as of March 2019 than the Bureau of Labor Statistics initially calculated in its survey of business establishments. That’s the largest revision since the waning stages of the Great Recession in 2009.

The newly revised figures indicate the economy didn’t get a huge boost last year from President Trump’s tax cuts and higher federal spending. They also signal the economy is a bit weaker than previously believed and could give the Federal Reserve even greater reason to cut interest rates in September.

“This makes some sense, as the 223,000 average monthly increase in 2018 seemed too good to be true in light of how tight the labor market has become and how much trouble firms are said to be having finding qualified workers,” said chief economist Stephen Stanley of Amherst Pierpont Securities.

The average 223,000 monthly increase in employment in 2018 — the strongest in three years — could be trimmed to 180,000 to 185,000, economists estimate.
X
See Also
Three Challenges Weighing on Fed Chief Jerome Powell

Fewer jobs were created in restaurants, hotels, retailers and professional business services. Leisure and hospitality employment was reduced by 175,000, business services by 163,000 and retail by 146,400.



Gregory Daco
@GregDaco
· Aug 21, 2019
Prelim Current Employment Statistics revisions shows massive 501k downward revisions to nonfarm payrolls!

> largest since 2009

> largest revisions:
- retail (-146k)
- professional & business services (-163k)
- leisure and hospitality (-175k)

View image on TwitterView image on Twitter

Gregory Daco
@GregDaco
New data reveals slower employment growth (we extrapolated revisions) going into 2020.

Maturing #labor market will mean less job growth going forward

View image on Twitter
40
10:44 AM - Aug 21, 2019
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48 people are talking about this
This annual “benchmark” revision is much larger than is typically the case. The preliminary revision in 2018, for example, showed the economy produced 43,000 additional jobs than initially reported.

The government’s employment report each month is compiled from a survey of almost 700,000 work sites, but the BLS updates its numbers every year after rechecking its results against company tax records. These record are not immediately available.

In most years the revisions are quite small, reflecting about one-tenth of 1% of total nonfarm employment and attesting to the accuracy of the BLS survey.

Yet the current revision reflects an adjustment of 0.3%, although the number is not final. The 2018 revision was eventually changed again to -1,000 from 43,000. The final results will be released in February 2020.

What remains to be seen is whether the lower employment figures end up showing that wage growth was a lot stronger in the past year than government figures now tell us.

Hourly wage growth has topped out at just slightly higher than 3% a year, a surprisingly modest increase given that the unemployment rate stands near a 50-year low of 3.7%. Tight labor markets usually lead to annual wage increases of up to 4%.

Stocks were little changed by the news. The Dow Jones Industrial Average DJIA, +0.20% and S&P 500 SPX, -0.11% both rose sharply in Wednesday trades.

https://www.cnbc.com/2019/08/22/manufact...ihs-markit.html

Manufacturing sector contracts for the first time in nearly a decade
PUBLISHED 2 HOURS AGOUPDATED 25 MIN AGO
Yun Li
@YUNLI626
KEY POINTS
The U.S. manufacturing PMI (purchasing managers index) was 49.9 in August, below the neutral 50.0 threshold for the first time since September 2009, according to IHS Markit.
New orders received by manufacturers dropped the most in 10 years, while the data also showed export sales tanked to the lowest level since August 2009, the data shows.
The survey is an initial reading for the month of August. The final figure will be released Sept. 3.


U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.

The U.S. manufacturing PMI (purchasing managers’ index) was 49.9 in August, down from 50.4 in July and below the neutral 50.0 threshold for the first time since September 2009, according to IHS Markit.

Any reading below 50 signals a contraction. The survey is an initial reading for the month of August. The final figure will be released Sept. 3.

“Manufacturing companies continued to feel the impact of slowing global economic conditions,” Tim Moore, economics associate director at Markit, said in a statement Thursday. “August’s survey data provides a clear signal that economic growth has continued to soften in the third quarter.”

Manufacturing had been one of the big winners during the Trump administration, but the tit-for-tat tariffs in the U.S.-China trade war have taken a big bite from the sector. U.S. manufacturing activity slowed to a nearly three-year low in July, based on data from the Institute for Supply Management.

But this fresh survey showed new orders received by manufacturers dropped the most in 10 years, while the data also showed export sales tanked to the lowest level since August 2009.

Investors track PMI readings to get early indicators as to where the economy is headed. After the Markit reading, stocks fell and the yield curve inverted.

“The most concerning aspect of the latest data is a slowdown in new business growth to its weakest in a decade, driven by a sharp loss of momentum across the service sector,” Moore said. “Survey respondents commented on a headwind from subdued corporate spending as softer growth expectations at home and internationally encouraged tighter budget setting.”

Manufacturers continued to reduce their inventories this month, which was mainly attributed to concerns about the demand outlook, according to Markit.

The overall economy is still showing a slight expansion because of help from the service industry. U.S. overall business activity growth also fell to a three-month low as the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index dropped to 50.9 in August, signalling a “renewed slowdown” in the rate of U.S. private sector business activity growth, Markit said.

There are several readings of manufacturing activities coming next week with the Dallas Fed sentiment data on Monday and Chicago PMI on Aug. 30.

just posting this because the stock market went from positive to a massive ass drop in all of 30 minutes because of the fed chair statement and trump's tweets.

.

Powell soothes the markets, then Trump spooks the markets.

Now down almost 500.

j/c:

China strikes back with $75 BILLION in tariffs and brings back a 25 per cent tax on U.S. autos in the latest trade war escalation with 'chosen one' Donald Trump

https://www.dailymail.co.uk/news/article...s.html#comments

j/c



No, he doesn't have delusions of grandeur. He doesn't sound like some wannabe dictator.

Where are all the Republicans disavowing him for socialism? Isn't that when the government tells and controls what business does?

The man is a lunatic leading his sheep to slaughter. And they're all blindly following along behind him.

You didn’t get the memo bro?

It isn’t socialism if Trump does it.

Escalation in U.S.-China trade war threatens global economy, poses Trump reelection risk

Published: Aug 23, 2019 12:47 p.m. ET

384
China targets soybeans, autos and other products in key swing states ahead of 2020 election

Author photo
By

JEFFRY
BARTASH
REPORTER

Getty
Chinese President Xi Jinping and President Donald Trump are locked in an impasse over trade.
American cars, soybeans and oil are among thousands of products that China has targeted for additional tariffs, marking the latest volley in a widening trade war with the United States that has damaged the global economy and could pose a risk to President Trump’s reelection.

China on Friday said it would increase existing tariffs by 5% to 10% on more than 5,000 U.S. products in several stages starting in September. The value of these products is estimated by the Chinese Commerce Ministry to total around $75 billion.

The retaliatory move reflects the latest escalation in a trade dispute between the world’s two largest economies that began more than a year ago when the U.S. slapped tariffs on hundreds of billions of dollars of Chinese imports amid accusations of unfair trading practices. Trump contends China has been taking advantage of the U.S. for decades.

U.S. stock markets DJIA, -1.85% SPX, -1.97% fell in Friday trades.

See: Stocks retreat after China announces new tariffs; Wall Street awaits Powell’s Jackson Hole speech
X
See Also
Michael Phelps on His Post-Olympic Life and Mental-Health Struggles


The U.S. imports four and a half times as many goods from China than the other way around, but the Chinese government, as it’s done in the past, appears to be singling out American-made products largely in Midwestern states that Trump carried in the 2016 election and that he needs to win reelection.


Iowa is the largest producer of soybeans, for example, and Michigan and Ohio have the biggest concentration of auto manufacturing. Trump carried all three states in the last election, but he barely won in Michigan.

The two countries continue to negotiate, but Trump and some of his advisers believe China might be trying to wait out his administration and bank on a Democrat winning the presidency in 2020.

Just two months ago, trade talks appeared to be back on track after Trump met his Chinese counterpart, President Xi Jinping, at a gathering of world leaders in Japan in an effort to defuse tensions.

Yet frustrated by the continuing impasse, Trump in August suddenly announced a new round of tariffs on Chinese products, angering the Asian country’s leaders and drawing vows of a tit-for-tat response.

The new U.S. tariffs, which now range from 10% to 25%, are also set to take effect in September. China has scheduled its retaliatory duties to go into effect at the same time. Among other things, a 25% tariff on U.S-made cars will be reinstituted.

“The recent rise in nationalist, patriotic behavior in China means that it would have been impossible for the Chinese government not to react to the latest U.S. tariffs,” said Agathe Demarais, global forecasting director at the advisory firm The Economist Intelligence Unit.

Looked at in isolation, the U.S. would seem to have the upper hand against China. The U.S. exported just $120 billion in goods to China in 2018 and imported $539 billion in products made in China.

Read: Why the U.S.-China trade deficit is so huge: Here’s all the stuff America imports

Many countries around the world are closely tied to the Chinese economy, however, and the damaged caused by the U.S. trade fight has radiated out and harmed others.

A slowing global economy, in turn, has harmed U.S. exporters and manufacturers. A new survey of manufacturing executives, for instance, suggests the sector contracted in August for the first time since the end of the 2007-2009 Great Recession.

The threat to the U.S. economy from the trade dispute has been viewed as severe enough by the Federal Reserve to spur the central bank to cut already low interest rates in July. And the Fed is widely expected to cut rates again in September.

“Trade policy uncertainty seems to be playing a role in the global slowdown and in weak manufacturing and capital spending in the United States,” Fed Chairman Jerome Powell said Friday in a widely anticipated speech in Jackson Hole, Wy.

The Fed was not expected to take any action at its annual retreat, drawing more criticism from a president who’s been bashing the central bank for months. “My only question is, who is our bigger enemy, Jay Powel [sic] or Chairman Xi?” he tweeted.

Trump also called on American companies to stop investing or manufacturing products in China, including relocating operations back to the U.S. “We don’t need China and, frankly, would be far better off without them.”

Trump presses U.S. companies to close China operations
by Reuters
Friday, 23 August 2019 16:13 GMT
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By David Shepardson and Andrea Shalal

WASHINGTON, Aug 23 (Reuters) - President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, a rhetorical strike at Beijing as trade tensions mounted.

Trump cannot legally compel U.S. companies to abandon China immediately and he gave no detail on how he might proceed with any such order, although he said he would be offering a response later on Friday to tariffs on American products announced by China earlier in the day.

The U.S. dollar rose sharply against the Chinese yuan, U.S. stock markets fell and oil prices dropped on Trump's latest salvo against China. "Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA," Trump wrote on Twitter. "We don't need China and, frankly, would be far better off without them."

Experts said tax policy changes and sanctions could be used to restrict or reduce U.S. business activity in China, but it would take years to disentangle the world's two largest economies. The consequences of a complete break to the world economy would be severe, they said.

China, for instance, holds $1.11 trillion in U.S. Treasury securities.

For many products sold in the United States, there are few alternatives to Chinese production, and shifting production for major goods produced there could take years and be expensive.

American companies could also sue the U.S. government in response to any order to shutter plants in China. The most effective option for Trump would be to restrict federal procurement from any companies that do business in China.

Bill Reinsch, a former senior Commerce Department official, said Trump had limited options to force U.S. companies to quit China, and it would make little economic sense.

That would hit companies like Boeing Co, Apple Inc and General Motors Co, which are both big U.S. contractors and have large business interests in China.

"We can't be a market economy and do that," Reinsch said. "No one's going to pay attention to it anyway. Companies do what they're going to do."

Many U.S. companies have already begun moving some operations out of China due to rising labor costs. But others, including General Motors, have large plants there to supply the Chinese market. They would resist any pressure to close their facility there, given the size and importance of the Chinese market, Reinsch said.

Last week, Trump backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods.

The U.S. Trade Representative's Office delayed tariffs on more than half the $300 billion in Chinese-made goods telling companies the delay covered product categories where China supplies more than 75 percent of total U.S. imports. (Reporting by Makini Brice, David Shepardson and Andrea Shalal ; editing by Tim Ahmann and Jonathan Oatis)

and even worse news:

the yield curve keeps inverting.

oh boy....

j/c

It's funny, all the Trump supporters are over there attacking AOC to avoid this crap show.

They're obsessed over a woman who is only one of 435 members of congress.

But I can understand why they're hiding.

You know it's bad when 40 is not in here manning the defenses.

i understand this is a joke. and while the president himself is a joke, this isn't constructive.

With his mental state as of late, I'm not sure it was intended as a joke.

honestly im not sure either. i have a bad habit of still trying to give the benefit of the doubt but....ugh.

the new spin on fox news is now that we're all talking ourselves into a recession.

lol, ok.

I'm sure it was a joke. As I believe the 'Chosen One' was ...

That said - after the Fed made their announcement, markets were a bit of a mixed bag, nothing drastic... Trump then does his thing and acts like a moron with no filter .... and market tanks. Gee thanks Trump.

Can't wait for the next time Trump blames the enemy of the people (media) for creating a recession next time he goes on a rant - and for the Trump faithful to line up and agree.

bro....omfg.....

this JUST dropped:






lol do yall realize how much the stock market would've dropped if he announced this before the closing bell?

oh my lord......

oH CRAP.