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Economy
Dow drops 470 points on growing trade-war threat, biggest decline since early January
2019-05-08
[CNBC] Stocks fell sharply on Tuesday after a top U.S. trade official indicated that higher tariffs on Chinese goods are coming later this week, disappointing traders who hoped President Donald Trump’s weekend tweet threat was just a negotiation tactic.
Traders who, apparently, have not been "following" President Trump, and may be confusing "threat" with "promise," or, possibly, "bluff." See also "gambit."
U.S. Trade Representative Robert Lighthizer told reporters that the U.S. will increase levies on Chinese imports on Friday.
Why Friday, I wonder.



Oh, right.

If nothing else, politics, at all levels, has become more interesting since President Trump took the helm.

For those who would listen, the United States of America is getting real and frequent lessons in horse-trading.
Posted by:Anomalous Sources

#4  So, the pen IS mightier than the sword, when signing trade contracts.
Posted by: Skidmark   2019-05-08 19:47  

#3  ZH headline: Why Investors Aren't Panicking (Yet): Here Are The Four Possible Scenarios For Friday

1) Rabbit out of a hat deal (25%);
2) Delay of tariff imposition because talks are making ‘progress’ (50%);
3) Limited tariff imposition (10%),
4) Full tariff imposition and breakdown of talks (15%).
Posted by: Vast Right Wing Conspiracy   2019-05-08 08:20  

#2  probably good timing by Trump

The Chinese economy is hurting from several sources and they are vulnerable on the export side, the domestic consumption side, the imports needed for manufacturing and the finance side.
Posted by: lord garth   2019-05-08 08:02  

#1  So when the economy / stock market does well, according to Democrats, it's because of Obama.

And when the economy / stock market does not do well, according to Democrats, it's because of Trump.

Got it!
Posted by: Raj   2019-05-08 00:38  

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