Economy

nitpicker

(7,153 posts) Fri Dec 13, 2019, 06:48 AM Dec 2019

Trump 'signs off' on deal to pause US-China trade war

https://www.bbc.com/news/business-50765743

Trump 'signs off' on deal to pause US-China trade war

5 hours ago

Asian stock markets rose on Friday as the US and China moved toward striking a trade deal to avert a new round of tariffs.

The deal could be announced later in the day, after US President Donald Trump reportedly signed off on the terms.

Washington is said to have agreed to remove some tariffs, while Beijing would boost purchases of US farm goods.

However, many of the more difficult issues are still to be addressed.

Optimism surrounding a trade deal pushed Asian markets higher, with Japan's Nikkei 225 index rising 2.3% while Hong Kong's Hang Seng put on 2%. The Shanghai Composite added 1.2%.

Earlier, US markets also gained ground with the S&P 500 and the Nasdaq closing at fresh record highs.
(snip)

4 replies

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Trump 'signs off' on deal to pause US-China trade war (Original Post) nitpicker Dec 2019 OP

Damage is done to the US economy liberal N proud Dec 2019 #1

He will if re-elected duforsure Dec 2019 #2

Timing is everything for Trump gab13by13 Dec 2019 #3

So, did he tell the Chinese this time? Farmer-Rick Dec 2019 #4

liberal N proud

(60,344 posts)

1. Damage is done to the US economy

Reply to nitpicker (Original post)

Fri Dec 13, 2019, 06:57 AM

Dec 2019

And it will last a long time

duforsure

(11,885 posts)

2. He will if re-elected

Reply to nitpicker (Original post)

Fri Dec 13, 2019, 07:03 AM

Dec 2019

Then ramp it up worse to hurt the farmers causing even more bankruptcies. He'll destroy the smaller farmers , just like he already is planning to destroying Medicare , Medicaid , and Social Security a lot more, which his tax scam bill already took millions from those three programs. This is pre-election moves designed to claim he's helping them , but after the elections he'll intentionally hurt them even more.

gab13by13

(21,402 posts)

3. Timing is everything for Trump

Reply to nitpicker (Original post)

Fri Dec 13, 2019, 08:08 AM

Dec 2019

He knows if he imposes the tariffs on Sunday the markets will drop. Trump needs to pretend he got some concession from China so he can back down on imposing the tariffs. I bet we won't see anything in writing about China buying our farm products.

Farmer-Rick

(10,207 posts)

4. So, did he tell the Chinese this time?

Reply to nitpicker (Original post)

Fri Dec 13, 2019, 08:50 AM

Dec 2019

He destroys economic relations and then patts his own huge butt when things get a little better.

Farmers are stupid if they fall for Dumpy Trumpy scam yet again.

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