DOW down over 800 points as world markets fall.

The Dirty Donald disclosure of 10% tariffs on $300 Billion of Chinese imports effective September 1,2019 has roiled world markets causing downturns in almost every market.
DOW down 835 points at 2:30.

 

So, what's the big deal, markets have their ups and downs. It will regain it in a week.

 

Lost jobs, failed companies, reduced profits, retirement savings wiped out.

 

World markets are down responding to the Dirty Donald 10% tariffs on an additional $300 Billion in Chinese imports, and China's response of currency devaluation.At 2:30 the DOW was down over 250 points.

 

Easy come, easy go.

 

We need to return to the Constitution and not leave tariffs at the whim of an unstable man who doesn't even understand the basics of trade and how tariffs work.

 

if Dirty Donald does it doesn't mater to his supporters

 

We are going back to Obama's economy? After all, he said Trump doesn't have a magic wand.

 

It was 17,553 in November 2016 when Trump was elected. Since then it has risen to today's 25,607, which is a 50% rise. No doubt you have already complement the President on his stewardship of the public funds?

 

China has threatened to **** up Trump's plan to kill Iran, by buying iranian oil.

muhahahaha!!! I love it

 

The stock market isn't public funds. It's Wall Street enrichment on our backs.

 

He doesn't.

 

So American of you ronnie . Some things never change......

 

Perhaps you can explain to me why the stock market is down (900 pts as of now).

Trump increased tariffs. OK, I understand why that would be a drag on the US economy.

China devalues. That should have the effect of nullifying the tariffs, right? So why the panic?

 

Thank you Ronald McDonald--- the bufoonish clown.

 

I'm not sure y'all understand how this works. As long as you are putting money into your 401K, you want the market to be DOWN. Not UP. DOWN. The lower it is, the more you are getting for your dollar.

When you retire and start selling those mutual funds and stocks, that is when you want it to be UP. So unless you are at the brink of retirement, down is good. Buy all you can when it is down! Today might be just that day!!!

 

84% of all stocks and bonds re owned by the wealthiest 10% of our citizens.401K investors own a very small slice of the pie.

 

The DOW wound up down 767 for the day some 200 points off the lows of the day.

 

Worst day for the market in 2019 thus far.

 

Yup. China has been cutting their prices to cover the Tariffs, and devaluing their currency is simply another way of cutting their prices.

They have devalued their currency about 10% since Trump started defending the American Worker against Chinese producers. Wages for American Workers are rising, GDP continues to surprise to the upside, consumer prices are remarkably free of inflation. China has shown an amazing commitment to pay our tariffs in exchange for continuing to service the American Consumer, Trump might as well find out how low China will go, or put another way, how much in US taxes China is willing to send us. Previous Presidents were happy to let China get for free, what Trump is now charging China $92.5B/year for. If they will pay $93B for access to US Consumer markets, will they pay $138B? Probably. And if they will, why not charge it? I suspect that if they don't agree to stop stealing our technology that next year this $300B that is now being charged a dime, will be charged a quarter.

But, back to your original point, yes, the market is over reacting. We are charging China more to access our markets and they are cutting their prices to cover the new cash flow to the US treasury. While this hurts China, it's not hurting us at all. The screams are because the Chinese lavish money on DC Think Tanks, Universities and Politicians and in exchange they are supposed to scream their support for China in every US/China conflict, and they do.

 

He's defending the American Corporation against Chinese IP Theft. It has nothing to do with helping US workers; that's pure propaganda and PR spin. The strangely capitalized American Consumer is footing the bill.

 

Isn't China footing the bill? By devaluing, they are receiving fewer dollars for their products. The tariffs add those dollars back, but for the consumer it is a wash.

 

Finally after much prodding by Dirty Donald, Treasury Secretary Mnuchin has designated China as a currency manipulator following the devaluation of their currency today.

 

Well, I don't know how much the currency manipulation will offset the tariff costs in the future, but so far at least, those costs have been passed on to us.

https://www.cnbc.com/2019/08/02/her...d-consumers-pay-trumps-tariffs-not-china.html

• China’s government and companies in China do not pay U.S. tariffs directly.
• Importers often pass the costs of tariffs on to customers - manufacturers and consumers in the United States - by raising their prices.
• U.S. business executives and economists say U.S. consumers foot much of the tariff bill.

 

Tariffs are a tax added on to imported goods. The customer pays the tax, not the producer.