Moneymoney

Wed Dec 5, 2018, 04:22 PM

No deal on auto tariffs as White House backpedals

Carmakers were initially buoyed by the claim of an "incredible" trade deal emerging from Trump's dinner Sunday with Chinese President Xi Jinping. The White House has now backpedaled, acknowledging there was no deal in place to roll back automotive tariffs. The Chinese had levied a tariff of 25 percent and was set to roll the penalty back to just 15 percent.

https://finance.yahoo.com/m/6b15f267-12ee-3eb6-b35d-90bb224642d4/no-deal-on-auto-tariffs-as.html

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Response to uncledad (Original post)

Wed Dec 5, 2018, 04:33 PM

1. One of Trump's main problems

He's too trusting. He needs to be more sneaky.

I've seen this bunches of times with the Japanese and Chinese, it's just a negotiating tactic to them. They never say no, in their culture it's not lying, it's just playing the game.

Drives westerners nuts.

Maybe he'll learn.

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Response to def_con5 (Reply #1)

Wed Dec 5, 2018, 05:20 PM

4. If he were any more sneaky, he'd used his Charity for personal use.

I believe a NY Prosecutor has a Court date on just that Charity.

Mean while, Xi asked for nothing, agreed to a photo op, and didn't leave a tip.

Trump asked for a laundry list of deals, got a photo op instead, and tipped over the stock market a day later.

...Maybe he'll learn...

Que Judy Garland : Somewhere over the rainbow...........

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Response to uncledad (Reply #4)

Wed Dec 5, 2018, 05:29 PM

5. Maybe, we'll never know

Everyone I know including me has had an identical experience like that.

Many moons ago, my company must have spent $50k sending me and my team to Japan to close the big dea multiple times. Never got a dime from them but they always said yes.

Dollars to doughnuts Xi agreed to everything Trump asked for.

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Response to def_con5 (Reply #5)

Wed Dec 5, 2018, 10:43 PM

8. Local fellow ran several plants in China way back when.

Lived in Hong Kong half the year and Cali-Arizona in between trips. Good guy, conservative to moderate in his politics. Pro buss, pro defense, low tax, bought a local buss here in his retirement. That's how I know him from the buss he and his wife run.

He told me nothing that's in a contract means anything when the PRC decides they want to change it. The example he gave me was hiring twice the number of employees than the capacity of the plant facilities.

There wasn't a negotiation, one day the PRC administration for foreign companies came by, gave them the documents and contacts and a set of dates. At each date was a set of permits for construction, transportation, material shipping and so on.

Now on New Years break, the factory shuts down cause 98% of the employees go back to the countryside for the holiday. About half the men return and a third of the women. Which as you can see gave the factory-plant owners are big problem.

The owners complained to the PRC administration for foreign companies for several years about this. Do you see where this is going?

Long story, shorter version, the solution the PRC decided was the owners should double the work force. I left out the bribery, double accounting, party hack appointments, etc etc...

I know a few folks who have or had dealings inside the PRC. I hear what your saying. Asia is a different planet.

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Response to uncledad (Reply #4)

Wed Dec 5, 2018, 11:18 PM

10. ''he'd used his Charity for personal use''...you mean like the Clinton's did to travel the world?

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Response to quad489 (Reply #10)

Thu Dec 6, 2018, 05:30 AM

11. Not to mention selling political favors?

Everyone saw how the FBI treated the email server. There is zero confidence that their scam charity has been investigated.

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Response to DDKick (Reply #11)

Thu Dec 6, 2018, 07:54 AM

12. $500K...what russia paid WJC for a speech...what info could he offer them for that kind of $$$...???

"Here’s a list of all the speeches for which Clinton received a fee of $500,000 or higher, including the year, location, host and actual fee:

2003 -- Japan, $500,000 Sakura Asset Management (Japanese finance corporation) (A note: This speech was canceled, but the fee went to Clinton’s presidential library foundation);

2008 -- California, $500,000, Power Within (life coach Anthony Robbins’ brand);

2010 -- Russia, $500,000, Renaissance Capital (Russian finance corporation);

2010 -- United Arab Emirates, $500,000, Novo Nordisk (Danish pharmaceutical company);

2011 -- Nigeria, $700,000, THISDAY (newspaper);

2011 -- Austria, $500,000, Center for Global Dialogue and Cooperation (Austrian nongovernmental organization);

2011 -- Netherlands, $600,000, Achmea (Dutch finance corporation);

2011 -- China, $550,000, Huatuo CEO Forum (business conference);

2011 -- United Arab Emirates, $500,000, Abu Dhabi Global Environmental Data Initiative (international environmental information organization);

2011 -- Hong Kong, $750,000, Ericsson (Swedish multinational communications technology company);

2012 -- Nigeria, $700,000, THISDAY (newspaper);

2012 -- Austria, $500,000, Center for Global Dialogue and Cooperation (Austrian nongovernmental organization);

2012 -- Italy, $500,000, Technogym (fitness equipment manufacturer).

So in the time Clinton left the White House in January 2001 and when his wife stepped down from secretary of state in February 2013, Clinton indeed gave 13 speeches for which he made more than $500,000. Eleven of those occurred since January 2009, when Hillary Clinton became secretary of state. Only two happened before then."

https://www.politifact.com/punditfact/statements/2015/apr/26/peter-schweizer/fact-checking-clinton-cash-author-claim-about-bill/

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Response to def_con5 (Reply #1)

Wed Dec 5, 2018, 09:30 PM

7. It's not so much trust

as it is clutching at straws. He's desperate for a win.

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Response to uncledad (Original post)

Wed Dec 5, 2018, 04:35 PM

2. I don't know why anybody was dumb enough to believe any of this to start with.

It's vintage Trump after all.

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Response to New Deal Democrat (Reply #2)

Wed Dec 5, 2018, 04:52 PM

3. Clarification has consequences.

He might of meant to say "wouldn't" lower auto tariffs.

There's a case of vintage, we've seen before.

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Response to uncledad (Reply #3)

Wed Dec 5, 2018, 05:40 PM

6. You have a good memory.

I wish more of us did.

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Response to New Deal Democrat (Reply #6)

Wed Dec 5, 2018, 10:48 PM

9. That one is to good to let go of.

I'm not good at math, that leaves extra storage capacity for odds and ends.........

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Response to uncledad (Original post)

Thu Dec 6, 2018, 07:56 AM

13. ''The Chinese had levied a tariff of 25 percent''...it's been that way for decades.

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