ctm Posted August 5, 2019 Report Share Posted August 5, 2019 President Donald Trump’s decision this week to ratchet up the trade war with Beijing by slapping more tariffs on Chinese goods came after aides thought they had talked him out of it weeks ago, according to two people close to the discussions. But the president’s annoyance with China finally boiled over this week after Treasury Secretary Stephen Mnuchin and U.S. Trade Representative Robert Lighthizer returned from trade talks in Shanghai and reported that Chinese officials offered no new proposals for ending an impasse that’s persisted since May, according to the people. Trump seemed convinced that China would resume huge purchases U.S. farm goods as a goodwill gesture for getting the stalled talks back on track, the people said. But the Chinese have not made significant purchases of soybeans or other commodities since the meeting. https://www.politico.com/story/2019/08/02/trump-tariffs-china-1632801 The reason Trump imposed the new 10% tariffs is that Mnuchin was at the bargaining table and China offered nothing new. Then Trump essentially doubled down. Now the Chinese have responded by allowing their currency to drop below a key support level. That makes our currency rise on a relative basis and harder for us to export. Bottom line....the situation is getting worse and the markets know it. That's why the DJI is down 1K points or so since the moment Trump tweeted about the new tariffs last week. This isn't that hard to figure out. Link to post Share on other sites More sharing options...
ctm Posted August 5, 2019 Report Share Posted August 5, 2019 President Donald Trump slammed China for allowing its yuan to weaken below a key level Monday morning. “It’s called ‘currency manipulation,” Trump said in a Twitter post. “Are you listening Federal Reserve? This is a major violation which will greatly weaken China over time!” A weaker Chinese yuan would make goods from the country cheaper and more attractive to foreign buyers, potentially widening the yawning U.S. trade deficit even further. Recently, Trump has demanded a weaker U.S. dollar to make America more competitive with other countries, which he claims have unfairly devalued their currencies against the U.S. dollar. https://finance.yahoo.com/news/major-violation-trump-reacts-to-chinas-tumbling-yuan-121615627.html Trump is slamming China for weakening their currency. But he wants the US to do the same thing. One of the reasons he wants the Fed to lower interest rates is that it devalues the currency making it easier to export. This is what a potential currency war looks like. titansfb 1 Link to post Share on other sites More sharing options...
Mythos27 Posted August 5, 2019 Report Share Posted August 5, 2019 1 hour ago, oldschool said: lets recap CTM - likely millionaire with a history of expertise on financial matters Soxcat - repressed homosexual, believes the earth is 5000 years old, foxnews sheep I know who I trust to talk intelligently on world economic matters. I don't know exactly why I laughed so hard at this but thank you. OILERMAN, and IsntLifeFunny 1 1 Link to post Share on other sites More sharing options...
Oilertattoo Posted August 5, 2019 Report Share Posted August 5, 2019 Marcus is the Trump of the Titans and NFL Talk forum. Link to post Share on other sites More sharing options...
Bink Posted August 5, 2019 Report Share Posted August 5, 2019 10 hours ago, Starkiller said: Nah, just time to ban the Trumptards... I know there is no hope for them, but can those of us capable of reason at least try to stop with the incessant use of the term "tard?" It's fucking stupid, regardless of what you stick before it. WG53 1 Link to post Share on other sites More sharing options...
Titansfan123 Posted August 5, 2019 Report Share Posted August 5, 2019 I made $50 an hour shipping packages for Amazon. I can tell you how. Go-to my shelf. Link to post Share on other sites More sharing options...
Starkiller Posted August 5, 2019 Report Share Posted August 5, 2019 (edited) 5 hours ago, OILERMAN said: So many Trump supporters are embarrassed, you can see it Not around here they aren’t. They keep doubling down... Edited August 5, 2019 by Starkiller MadMax 1 Link to post Share on other sites More sharing options...
'Nator Posted August 5, 2019 Report Share Posted August 5, 2019 12 hours ago, LongTimeFan said: @TitansGuru, this forum is sad. Just hate spewing from both sides. Time to shut it down. A bunch of grown ups just belittling each other for no reason. I think it's time for you to suck my balls. MadMax, Justafan, OILERMAN, and 1 other 1 3 Link to post Share on other sites More sharing options...
HOTT Posted August 5, 2019 Report Share Posted August 5, 2019 4 hours ago, MadMax said: Second post of the thread will help your feelings about the political forum. I hope this helped. Hey Max----actually I didn't go to the forum--I clicked on this in the hot topic area. Wouldn't go to the political forum on purpose. I have far more important places to go. Your kindness and well wishes are important to me---grin. MadMax 1 Link to post Share on other sites More sharing options...
HOTT Posted August 5, 2019 Report Share Posted August 5, 2019 4 hours ago, begooode said: Yet your avatar sig is a unsolicited middle finger to the entire board, not just the political forum. Wasn't trying to give the middle finger to anyone---just trying to bring in a little humor. You seem to be very sensitive. Link to post Share on other sites More sharing options...
begooode Posted August 5, 2019 Report Share Posted August 5, 2019 1 minute ago, HOTT said: Wasn't trying to give the middle finger to anyone---just trying to bring in a little humor. You seem to be very sensitive. Sensitive enough to ask my family to pray for your grandkid when you appealed to TR, back in the day. Go back and look at your earlier comment and I hope you will find the contradiction I spoke to, not ‘exaggerated sensitivity’ on my part to fit your agenda. If not, no worries. But I think you know the truth. Link to post Share on other sites More sharing options...
Somedude Posted August 5, 2019 Report Share Posted August 5, 2019 After this topic here It's time to purge some accounts. If it means banning him and Jake and ME. I will sacrifice my account as well. Link to post Share on other sites More sharing options...
Somedude Posted August 5, 2019 Report Share Posted August 5, 2019 (edited) I don't see your posts. You're probably too obtuse to understand that, however. Respond if you're profoundly retarded, please. Edited August 5, 2019 by Somedude freakingeek 1 Link to post Share on other sites More sharing options...
Popular Post HOTT Posted August 5, 2019 Popular Post Report Share Posted August 5, 2019 (edited) 22 minutes ago, begooode said: Sensitive enough to ask my family to pray for your grandkid when you appealed to TR, back in the day. Go back and look at your earlier comment and I hope you will find the contradiction I spoke to, not ‘exaggerated sensitivity’ on my part to fit your agenda. If not, no worries. But I think you know the truth. I don't want this to accelerate into something unwanted. I still owe a great debt to those who were so kind during my grandson's illness. I would never knowingly be unkind to anyone who supported him. He is a healthy young man today and I know why. I apologize to you and will remove the offending comments if you think that would be proper. My experience back then is one reason I have chosen not to fully engage in the political garbage that goes on here. I removed them anyway. Edited August 5, 2019 by HOTT freakingeek, CreepingDeath, Mythos27, and 4 others 5 2 Link to post Share on other sites More sharing options...
Popular Post begooode Posted August 5, 2019 Popular Post Report Share Posted August 5, 2019 (edited) 42 minutes ago, HOTT said: I don't want this to accelerate into something unwanted. I still owe a great debt to those who were so kind during my grandson's illness. I would never knowingly be unkind to anyone who supported him. He is a healthy young man today and I know why. I apologize to you and will remove the offending comments if you think that would be proper. My experience back then is one reason I have chosen not to fully engage in the political garbage that goes own here. It’s all good, and you don’t owe me anything. I only mentioned that tough time because I think we all can be reasonable with each other when the urgency calls for it. I just thought you had a bit of a contradiction going on in your comment, and yeah, ‘deplorables’ would be funnier in less inflammatory times. I wasn’t trying to be nasty as you’ve been civil with me (I think, LOL) and I’m glad to know little guy — young man, now — is doing great. That’s the payback in full, right there! Meanwhile, I’ll go back to reppin’ the devil according to Sox and co, so we’ll cross paths again I’m sure,... Edited August 5, 2019 by begooode Justafan, StephenIsLegend, T-RAC, and 5 others 7 1 Link to post Share on other sites More sharing options...
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