Politicspolitics

Thu Nov 7, 2019, 11:02 AM

A deal with China... Stocks rise, and the Dow hit a fresh record high

Stocks rose, and the Dow hit a fresh record high, after China said it had come to an agreement with the U.S. to remove existing tariffs in stages as part of a working trade deal.

A spokesperson for China’s Ministry of Commerce said Thursday that the “leaders of China and the United States have carefully resolved their core concerns in the past two weeks and have carried out serious constructive discussion, agreeing to cancel the tariff increase in stages with the progress of the agreement,” according to a translation of a report from China’s state-run Global Times.

A cancelation of the Trump administration’s punitive tariffs on Chinese imports has been a key conditions Beijing has demanded for reaching an eventual deal.

The development added to hopes that recent U.S.-China discussions would produce a meaningful reduction in the tariffs feared to cut into corporate profits and consumers’ wallets. It followed a report Wednesday that President Donald Trump and China’s Xi Jinping could push back a meeting to sign a Phase One trade agreement until December, which had sent stocks to session lows.

https://finance.yahoo.com/news/stock-market-news-november-7-2019-133258362.html

7 replies, 87 views

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Reply A deal with China... Stocks rise, and the Dow hit a fresh record high (Original post)
PrescientWon. Thursday OP
quad489 Thursday #1
D26-15 Thursday #2
jh4freedom Thursday #5
quad489 Friday #6
bfox74 Thursday #3
jh4freedom Thursday #4
Charlie Mike Friday #7

Response to PrescientWon. (Original post)

Thu Nov 7, 2019, 12:59 PM

1. Whatever tariffs China puts on US goods should be doubled on Chinese goods...

...China keeps its decades long 25% tariffs on US cars/trucks/motorcycles/etc, then a 50% tariff should be imposed on Chinese made cars/trucks/motorcycles/etc coming into the US regardless of what countries it travels through. It's total bullshit that the Buick Envision and the Cadillac CT6 Plug-in Hybrid are made in China....especially after US taxpayers bailed out GM in 2009.

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Response to quad489 (Reply #1)

Thu Nov 7, 2019, 01:07 PM

2. "especially after US taxpayers bailed out GM in 2009."

I agree.

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Response to quad489 (Reply #1)

Thu Nov 7, 2019, 06:45 PM

5. But todays announcement is that both China and the U.S. will be removing tariffs.

In phases.
“China says it has agreed with the US to cancel existing trade tariffs in phases”
https://www.cnbc.com/2019/11/07/china-says-it-has-agreed-with-the-us-to-cancel-existing-tariffs-in-different-phases.html

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Response to jh4freedom (Reply #5)

Fri Nov 8, 2019, 06:18 AM

6. ...and that has WTF to do with the post you responded too???

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Response to PrescientWon. (Original post)

Thu Nov 7, 2019, 06:14 PM

3. Trump delivers again! How could anyone not want him re-elected? Seriously!

American farmers are going to look very good after this. China will vastly increase their purchases of American agricultural resources.

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Response to PrescientWon. (Original post)

Thu Nov 7, 2019, 06:18 PM

4. I love it! YAY

Taking off the tariffs on both sides is GREAT NEWS for us stockholders.

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Response to jh4freedom (Reply #4)

Fri Nov 8, 2019, 07:00 AM

7. Give half your shit to Elizabeth Warren.

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