Trump Suggests Tariffs Could Be Placed on iPhones and Laptops Imported From China

[pshufd]

That strong retrace on Friday where options expire was pretty rigged if you ask me. It should not have gone up on Friday but the opposite always happens first then it goes the way to should after which we see now in US Futures. We have already had a triple top but it depends on which candle time frames he is looking at.

Friday was a weekly OEX so there's less incentive to move the markets than the monthlies.

China retaliated this morning - but it was a soft retaliation given the amount. We'll see if the US does add $300 billion on top of what it's already doing. I read that two of Saudi Arabia's ships (or something) were attacked this morning pushing up oil prices. There are a lot of moving parts to trading these days.

 

[Rogifan]

I have to laugh at all these Republican Congress critters saying their constituents are willing to make the sacrifice re: tariffs. That’s such BS. As soon as they go into a Walmart and see higher prices they’re going to curse anyone pushing these stupid tariffs. Same thing when the stock market really starts tanking.

 

[pshufd]

I have to laugh at all these Republican Congress critters saying their constituents are willing to make the sacrifice re: tariffs. That’s such BS. As soon as they go into a Walmart and see higher prices they’re going to curse anyone pushing these stupid tariffs. Same thing when the stock market really starts tanking.

Weak era.

During the Second World War, Americans were asked to make sacrifices in many ways. Rationing was not only one of those ways, but it was a way Americans contributed to the war effort.

When the United States declared war after the attack on Pearl Harbor, the United States government created a system of rationing, limiting the amount of certain goods that a person could purchase. Supplies such as gasoline, butter, sugar and canned milk were rationed because they needed to be diverted to the war effort. War also disrupted trade, limiting the availability of some goods. For example, the Japanese Imperial Army controlled the Dutch East Indies (today’s Indonesia) from March 1942 to September 1945, creating a shortage of rubber that affected American production.

On August 28, 1941, President Roosevelt’s Executive Order 8875 created the Office of Price Administration (OPA). The OPA’s main responsibility was to place a ceiling on prices of most goods, and to limit consumption by rationing.

Americans received their first ration cards in May 1942. The first card, War Ration Card Number One, became known as the “Sugar Book,” for one of the commodities Americans could purchase with their ration card. Other ration cards developed as the war progressed. Ration cards included stamps with drawings of airplanes, guns, tanks, aircraft, ears of wheat and fruit, which were used to purchase rationed items.

The OPA rationed automobiles, tires, gasoline, fuel oil, coal, firewood, nylon, silk, and shoes. Americans used their ration cards and stamps to take their meager share of household staples including meat, dairy, coffee, dried fruits, jams, jellies, lard, shortening, and oils.

Americans learned, as they did during the Great Depression, to do without. Sacrificing certain items during the war became the norm for most Americans. It was considered a common good for the war effort, and it affected every American household.

https://www.nps.gov/articles/rationing-in-wwii.htm

Maybe the term "Greatest Generation" does have some meaning.

 

[jerwin]

Maybe the term "Greatest Generation" does have some meaning.

Have you ever watched this movie?

It's a heartwarming tale of a family's struggle to survive amid the chaos of war.

 

[Rogifan]

The fact that Trump is constantly tweeting about this to try and explain it shows what a disaster it is. The White House has no coherent policy here. Trump doesn’t have a fricking clue what he’s talking about and people who work work for him who should know better are going along because grifters gonna grift.

 

[samcraig]

The fact that Trump is constantly tweeting about this to try and explain it shows what a disaster it is. The White House has no coherent policy here. Trump doesn’t have a fricking clue what he’s talking about and people who work work for him who should know better are going along because grifters gonna grift.

You can read this opinion (which I happen to agree with) - open up a private browser...

Trump is staking reelection on one of his biggest lies
https://www.washingtonpost.com/opinions/2019/05/13/trump-is-staking-reelection-one-his-biggest-lies/

 

[stylinexpat]

You can read this opinion (which I happen to agree with) - open up a private browser...

Trump is staking reelection on one of his biggest lies
https://www.washingtonpost.com/opinions/2019/05/13/trump-is-staking-reelection-one-his-biggest-lies/

A few of my friends were telling me how the media in China was responding to Trump's Tariff plans. They believe that the US market is a small percentage now of the Chinese economy. Exports do have an affect on GDP and exports but not as much as Trump is set to believe as China exports all around the world and has a huge local market as well. The Chinese now believe that down the road the US along with its own economy will face the biggest burden from this but even worse is that those that supported Trump which is the US consumers will pay the most for this as it will come out of their pockets and not that of the Government.

What people fail to understand is that Trump is comparing prices and issues out of China with the US but not all other countries in this world are as advanced and developed as the US so not everyone around the world has a strong currency and gets paid as much as many in the US get paid. China caters to the rest of the world and markets as well so it can not set its standard, currency product prices to meet those of what Trump wants in the US.Trump is wrong on this because he is basing his thoughts on the US and the US alone. Other countries are not on board with this.
[doublepost=1557768130][/doublepost]

Have you ever watched this movie?

It's a heartwarming tale of a family's struggle to survive amid the chaos of war.

People tend to forget that one can not expect another country to base its worldwide trade policies based off of one country

 

[stylinexpat]

This is very good if you understand Chinese He really hit the nail on the head with this one lol. Their version of tariff war between China and the US.

https://mp.weixin.qq.com/s/B3S5YN59W8N3YmHZD8NUHw

https://www.bilibili.com/video/av52387972/

 

[developer13245]

They are not taking the A380 out of service. They are returning them at the end of their leases.

A380 and Concorde are two different things. One of the reasons the Concorde flopped is that the protectionist (as usual) US government undermined it. Another was the 1973 oil crisis.

The main reason the A380 did not succeed is airline beancounting. Airbus made a mistake in cancelling the A380F. They also messed up the project ballooning its cost and delaying it (which led to the cancellation of A380F orders BTW).

[doublepost=1557191784][/doublepost]
Everybody likes it except Boeing (+ fanboys) and airline accountants.

Your mention of the A380F brings up another point. The A380F failed because the DESIGN prevented it from having a nose door to load cargo. The A380F cockpit is on its own level between the main and upper deck - this blocks BOTH levels from loading from the nose. This reason alone is why 747s will be built and flying indefinitely - and certainly MUCH longer than A380s

Remember, the 747 was originally intended to be a freighter - its success as a passenger jet has always been regarded as somewhat of a fluke. Kinda funny when you think about it.

Unless you've ever designed a commercial product, you cannot understand the main problem with government funded design. Being handed a pile of government money to design *anything* will result in an inferior design because the impetus to create a commercial success is diluted from the beginning.

Yes, Boeing gets tax breaks, but that only happens if Boeing makes a profit. So a profit motive is still the main goal. This inherently results a better product.

 

[jerwin]

Yes, Boeing gets tax breaks, but that only happens if Boeing makes a profit. This inherently results a better product.

Ahem.

 

[developer13245]

Ahem.

Yup, you bit on my bait - hook, line, and sinker. And proved my point. Yes the 737 Max is a train wreck, but the root cause is exactly the same as the A380: Complacency.

Boeing kept wringing profit out of an obsolete 50 year old design instead of innovating a completely new plane. Boeing will now take about a 5 Billion hit from their mistake. But the key difference is Boeing and its share holders will take that hit. Not the U.S. taxpayer.