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Old 07-16-2018, 02:23 AM   #826
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Trump's first tariffs directly on consumer goods have resulted in a 16.4% increase in washing machine prices in 3 months.

https://fee.org/articles/washing-mac...achine-prices/
Finally, washing machine repairmen have plenty of work. All of that money that went to S. Korea will stay in America. I checked for sales on washing machines.....at Sears and Best Buys they are selling them at a 50% reduction.

The President trade negotiations is starting to work....he has them on their heels and starting to walk them back. Just wait till he gets them on the ropes.

US Steel added 500 workers this year, they also refired a old blast furnace that hasn't been used in years. It is rumored that they plan to open additional plants . Small steel plants are starting to reopen, one just reopened in S. Car. this month. Probably has something to do with the $1.5 trillion defense budget. WHOOPS China want be getting that money. Also rumored, there has been many advances made in solar panel manufacturing. Plants are being retooled and upgraded to be reopened....thank you California. Remember Solindra. Again, less money going to China and staying in America.


P.S. Down goes....political correctness
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Old 07-16-2018, 06:48 AM   #827
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As the China-US trade war rages, a factory set amid corn and mulberry fields in central China stitches together US and “Trump 2020” flags — and business is good.

The US and China have slapped tariffs on billions of dollars worth of each other’s goods, but there is little evidence of the dispute at the Jiahao Flag Company in Anhui province.

AFP / –American-themed flags remain among the factory’s bestsellers, despite current China-US trade tensions

Trump has long railed against Chinese imports, pushed a “buy American” ethos, and launched the trade confrontation this year to punish China for what he considers predatory trade policies.

https://www.rawstory.com/2018/07/tra...china-factory/
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Old 07-16-2018, 08:47 AM   #828
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US Steel added 500 workers this year, they also refired a old blast furnace that hasn't been used in years. It is rumored that they plan to open additional plants . Small steel plants are starting to reopen, one just reopened in S. Car. this month.
They are reopening because steel prices are going up and those plants can now operate at a profit.

None of what you said changes the facts. Tariffs are increasing the costs of goods to American consumers. Steel tariffs are a great deal for the steel industry and the 140,000 people it employs. They hurt the companies that use steel as an input and the 5 million people they employ and the American consumers that buy those products. As more and more tariffs are imposed, more and more companies and consumers are hit with higher prices. A few little stories about washing machines on sale or 500 steel workers going to work doesn't change that.

But the Trumpsters refuse to face those facts. Trump's own people said that his tariffs would increase the cost of living for the average American by 10-15%. Is that an acceptable cost for reopening a few steel plants?
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Old 07-16-2018, 09:46 AM   #829
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If these tariffs and this "Trade War" is so disastrous, how come the markets aren't reflecting this yet?

Or could it be these price increases you keep hammering that the US consumer is going to suffer through will amount to a whole lotta nothing?
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Old 07-16-2018, 09:50 AM   #830
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If these tariffs and this "Trade War" is so disastrous, how come the markets aren't reflecting this yet?

Or could it be these price increases you keep hammering that the US consumer is going to suffer through will amount to a whole lotta nothing?
The market hasn't moved since Trump flouted it at the SOTU. Profits are way up yet hiring is fairly static and wages are flat...

All indicators are of a rock solid economy but the benefits of that aren't being passed along to workers... why is that?

Companies are back to sitting on their dollars just like they did under Obama... then it was taxes... now its trade.

Here is an example:

Tariff and trade talk is slowing investments in Alabama, Canfield says

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"Uncertainty equates to risk, and risk is a very chilling factor when it comes to investing your money," Canfield told Bloomberg. "You either invest it somewhere else or you hold on to it until the situation becomes more certain."
The old logic of the right-wing was that the government should get out of the way of the economy... this is just micromanaging in a different way...

Last edited by elysiantraveller; 07-16-2018 at 09:59 AM.
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Old 07-16-2018, 10:18 AM   #831
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If these tariffs and this "Trade War" is so disastrous, how come the markets aren't reflecting this yet?
"Stocks Slammed on Latest Trump Tariff Fears"

https://www.thestreet.com/markets/st...trump-14632040

Trump's trade policies are based on the assumption that tariffs will increase consumer prices and thus make domestic products more competitive with imports. If the tariffs do what Trumps wants, consumer prices will rise. If prices don't increase, then Trump's tariffs are a failure and consumers will continue to buy imported goods.

We have seen some indication that prices are increasing, but from what Trump is saying, there are still a lot more tariffs to come. There is certainly no evidence that the tariffs already in place are of benefit to the majority of companies or consumers.

I don't follow the market, but it appears that they are mostly waiting to see which direction things go. Stocks of companies that will be helped by tariffs have gone up, like steel companies.
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Old 07-16-2018, 12:51 PM   #832
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If these tariffs and this "Trade War" is so disastrous, how come the markets aren't reflecting this yet?

Or could it be these price increases you keep hammering that the US consumer is going to suffer through will amount to a whole lotta nothing?
The stock prices were on a perpetual rise during the Obama years...even though many called his tenure a "disastrous presidency". Seeing this...how can we actually believe that the stock market always reflects the economic concerns of a country?
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Old 07-16-2018, 01:58 PM   #833
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..how can we actually believe that the stock market always reflects the economic concerns of a country?
The market direction has little to do with current conditions, as they’ve already been built into the market.
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Old 07-16-2018, 02:12 PM   #834
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The market direction has little to do with current conditions, as they’ve already been built into the market.
Hold on a minute here. If I relied on this website for all my economic news...then I would have come to the conclusion that Obama was DISASTROUS for the economy of this country. And yet...the stock market was on a perpetual rise throughout his presidency. When did Obama's disastrous "conditions" get 'built into the market'?
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Old 07-16-2018, 02:20 PM   #835
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Deflection ahead

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Originally Posted by thaskalos View Post
Hold on a minute here. If I relied on this website for all my economic news...then I would have come to the conclusion that Obama was DISASTROUS for the economy of this country. And yet...the stock market was on a perpetual rise throughout his presidency. When did Obama's disastrous "conditions" get 'built into the market'?
This is the type of question that is unpopular and ignored around here.
Do not expect an answer from most regulars containing any truth.

They believe he should be living in Kenya in exile.
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Old 07-16-2018, 02:29 PM   #836
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Hold on a minute here. If I relied on this website for all my economic news...then I would have come to the conclusion that Obama was DISASTROUS for the economy of this country. And yet...the stock market was on a perpetual rise throughout his presidency. When did Obama's disastrous "conditions" get 'built into the market'?
The correct response would be that Obamacare, regulation, and uncertainty over tax rates hung over the economy like an albatross. We had solid growth but it could have been significantly better and the recovery was pretty tepid.

That would be the free-market answer... now let Trump supporters try and explain how Tariffs aren't just more of the same in terms of government interference in the economy. Government is still telling you what you should and shouldn't buy. Still meddling in the market. Still enacting new taxes on Americans...

Should be good...

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Old 07-16-2018, 03:51 PM   #837
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"Stocks Slammed on Latest Trump Tariff Fears"

https://www.thestreet.com/markets/st...p</b>-14632040

Trump's trade policies are based on the assumption that tariffs will increase consumer prices and thus make domestic products more competitive with imports. If the tariffs do what Trumps wants, consumer prices will rise. If prices don't increase, then Trump's tariffs are a failure and consumers will continue to buy imported goods.

We have seen some indication that prices are increasing, but from what Trump is saying, there are still a lot more tariffs to come. There is certainly no evidence that the tariffs already in place are of benefit to the majority of companies or consumers.

I don't follow the market, but it appears that they are mostly waiting to see which direction things go. Stocks of companies that will be helped by tariffs have gone up, like steel companies.
No, not really but... so what, right?

Trump announced his presidency in July 2015. He said on that day, and just about every day since right up to Nov. 2016 that he will return manufacturing jobs to the country and incorporate tariffs to reverse the huge trade deficits that had grown exponentially since 'free' trade treaties such as NAFTA were signed. The carnage to the US manufacturing industry and loss of jobs grew on an annual basis since the late 1970s and Trump said it this has to stop.

Trump promised to reverse all this. He campaigned on this issue. The whole country, plus the investing and finance industry knew what Trump's view and intentions were per trade deals and trade deficits. The huge run-up in equity prices since The Trump Era began is undeniable despite the best efforts of the Trump bashers.

A week before the Election of 2016 the Dow Jones closed at about 17,800.

Today, July 13, 2018, the DJIA is now at 25,050 or so as I type this.

So all those on here that want to believe that the Trump 'tariffs' will kill both the economy and the stock market are simply kidding themselves.
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Old 07-16-2018, 04:44 PM   #838
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Hold on a minute here. If I relied on this website for all my economic news...then I would have come to the conclusion that Obama was DISASTROUS for the economy of this country. And yet...the stock market was on a perpetual rise throughout his presidency. When did Obama's disastrous "conditions" get 'built into the market'?
Obama’s presidency didn’t kill the economy, but it didn’t do it any favors either. The real poison was in the increased regulations that would have acted to restrain the economy further than it now will since Trump loosened them again. There was good reason for stocks to rise under Obama but it could have been much better imo.
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Old 07-17-2018, 10:27 AM   #839
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Meanwhile......

EU and Japan sign trade agreement - biggest ever for EU.

https://www.usatoday.com/story/news/...ent/791125002/
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Old 07-17-2018, 10:33 AM   #840
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