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Economics Discuss Trump says stock market gains since election give him opportunity to wage a trade war at the Political Forums; 'We’re playing with the bank's money' President Donald Trump said the stock market rally since his election victory gives him ...

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Old 07-20-2018, 05:54 PM
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Default Trump says stock market gains since election give him opportunity to wage a trade war

'We’re playing with the bank's money'



Quote:
President Donald Trump said the stock market rally since his election victory gives him the opportunity to be more aggressive in his trade war with China and other countries.

“This is the time. You know the expression we’re playing with the bank’s money,” he told CNBC's Joe Kernen in a “Squawk Box” interview aired Friday.

The president has a big cushion. The S&P 500 is up 31 percent since Trump's win on Election Day, Nov. 8, 2016, through Thursday. The market's gain has slowed this year as the administration has implemented new tariffs on countries, with the benchmark index up 4.9 percent for 2018 through Thursday.

Trump added the market would likely be much higher if he didn’t escalate the trade issues with China and the rest of the world.
Quote:
“We are being taking advantage of and I don’t like it,” he said. “I would have a higher stock market right now. … It could be 80 percent [since the election] if I didn’t want to do this.”
Quote:
The president also said he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise.
https://www.cnbc.com/2018/07/20/trum...-since-el.html
"I'm ready to go to 500," Trump added.
maybe that won't hurt stocks too much, although I think it would, regulat middle class is going to burn

Ok so see here..quotes we send $129.9 billion to china and BUY 500.5 billion (see article) and he wants to tariff them 25% that's another 100 billion added to OUR BILL..NOT PROFIT..wtf ??..shouldn't it be the other f***ing way around?
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Old 07-20-2018, 05:57 PM
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Default Re: Trump says stock market gains since election give him opportunity to wage a trade

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So far in the trade war between the two largest economic powers in the world, the U.S. has slapped tariffs on just $34 billion of Chinese products, which China met with retaliatory duties.
29*billion exported 505.5 bill imported..taxed at 25% china not gonna eat that..the price on everything just went up..eeeverything..
They make ****ing rubber
They make nails paint and bumpers..we import all that even if its assembled here..they make ****ing paper clips
And 95% of all computer parts or accessories

Pants..shirts..food
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