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China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
08-27-2019, 04:29 AM
Post: #1
China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
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China announces it seeks 'calm' end to trade war, as markets tank and currency hits 11-year flatline

China signaled Monday it is now seeking a "calm" end to its ongoing trade war with the U.S. and President Trump voiced optimism about a deal, as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration.

"I think we're going to have a deal," Trump told reporters.

Trump said Monday that officials from China called U.S. officials and expressed interest to "get back to the table,” The Wall Street Journal reported. He called the discussions a “very positive development.”

“They want to make a deal. That’s a great thing,” he said.

News of the possible opening in negotiations came shortly after Trump threatened to declare a national emergency that would result in American businesses freezing their relationships with China. Trump's tariff barrage on Friday was a response to China imposing its own retaliatory tariffs on $75 billion in U.S. goods.

At the Group of Seven summit in France on Sunday, White House officials rejected suggestions the president was wavering and insisted that his only regret was not implementing even more tariffs on China. Trump wrote on Twitter that world leaders at the G-7 were "laughing" at all the inaccurate media coverage of the gathering.

In response, Chinese Vice Premier Liu He told a state-controlled newspaper on Monday that "China is willing to resolve its trade dispute with the United States through calm negotiations and resolutely opposes the escalation of the conflict," Reuters first reported, citing a transcript of his remarks provided by the Chinese government. Liu is China's top trade negotiator.

https://www.foxnews.com/politics/china-a...r-flatline
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08-27-2019, 05:05 AM (This post was last modified: 08-27-2019 05:05 AM by pilgrim.)
Post: #2
RE: China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
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4D Chess, bros!

[Image: Vladimir-Putin-Clapping.gif]
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08-27-2019, 07:18 AM
Post: #3
RE: China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
This was what Trump wanted all along.
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08-27-2019, 07:43 AM (This post was last modified: 08-27-2019 07:44 AM by Chaos Reigns.)
Post: #4
RE: China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
(08-27-2019 05:05 AM)pilgrim Wrote:  .
4D Chess, bros!

[Image: Vladimir-Putin-Clapping.gif]

[Image: le_chiffre.jpg]

[Image: BhqJEAMCAAErhqF.jpg]
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08-27-2019, 07:45 AM
Post: #5
RE: China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
Trump is playing China like a fiddle.

Trump is like a Chinese businessman in a lot of ways. Very crafty and non-telegraphic
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08-27-2019, 10:14 AM
Post: #6
RE: China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
[Image: 9EHsCa0.jpg]
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08-27-2019, 02:11 PM
Post: #7
RE: China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
China is hurting and underestimated the power of the US

i think the US allowed China some leeway with IP and trade to integrate them into the western world order.

now they are getting too close for comfort so they are getting smashed plaza accord style
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08-27-2019, 02:12 PM
Post: #8
RE: China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
People understimate the US, the US govt MAKES NO MISTAKES.. that is why they are the most powerful.

they feign incompetence to trick the dupes
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08-27-2019, 07:17 PM
Post: #9
RE: China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
The US originally set up China as it's new manufacturer of consumer goods and the investors all made huge profits.

The US giveth and the US taketh away.


The problem for China is that the US is by far their biggest customer and if they want to keep it that way, they will have to play ball with Trump.
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08-27-2019, 08:13 PM
Post: #10
RE: China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
China also has done a PISS POOR JOB of internationalizing their currency, making open market operations harder and more likely to cause inflation
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08-28-2019, 03:12 AM
Post: #11
RE: China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
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I think the main problem as I understand it, is that China won't open up their markets fairly. They want trade to be too much in their favor.
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08-28-2019, 05:06 AM
Post: #12
RE: China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
(08-28-2019 03:12 AM)pilgrim Wrote:  .
I think the main problem as I understand it, is that China won't open up their markets fairly. They want trade to be too much in their favor.

Biggest problem is intellectual property theft, as I understand it.
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08-31-2019, 01:57 PM
Post: #13
RE: China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
There will be a new tariff hike on sunday. Will China hold out until the 2020 election hoping that an establishment candidate can win?
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09-02-2019, 06:48 PM
Post: #14
RE: China seeks 'calm' end to trade war. Markets tank and currency hits 11-year flatline
The first lost of tariffs came in today, and the second lot is scheduled for December 15.

Maybe China will reach a deal with Trump before then.
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