The Dow Is Falling Because Trump Says There Is No Rush to Make a Trade Deal With China

[riversedge]

Source: marketwatch.com



May 10, 2019 at 9:09 a.m. ET By Ben Levisohn



8:44 a.m. The Dow Jones Industrial Average is heading lower hits morning after U.S. President Donald Trump tweeted that he’s in no rush to complete a trade deal with China.

Dow futures have declined 128 points, or 0.5%, while S&P 500 futures have fallen 0.7%, and Nasdaq Composite futures have dropped 0.7%.

The market was handling the...
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Read more: https://www.marketwatch.com/articles/dow-futures-drop-because-trump-says-no-rush-to-make-trade-deal-51557493763

[Botany]

1. And the Dow Jones is @:

−224.52 (0.87%)
May 10, 10:31 AM EDT ·

[onenote]

12. At 3:30 pm it was up 170.

[awesomerwb1]

2. It's barely "falling"

Come on guys, this is nothing. A 1000 point drop, then we're talking.

[OhZone]

3. Um

"The market was handling the...
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"

The market should just pay the dollar.

[duforsure]

4. I worry he's doing this

To use to profit from by manipulating markets for others to use to rake in huge profits knowing ahead of time what he will be doing , then using campaign PAC's to funnel it into his pockets with. He's done something like this before , with stock manipulation by claiming untrue things for profits for himself.

[progree]

6. I'm sure he will declare it a loss on his taxes. It's sport n/t

[progree]

5. "President Donald Trump boosted tariffs Friday on $200 billion in goods from China and threatened"

President Donald Trump boosted tariffs Friday on $200 billion in goods from China and threatened to impose more in his most dramatic steps yet to extract trade concessions, saying there’s “no need to rush” a deal even though the uncertainty is roiling markets and clouding the global economy.

China said it will be forced to retaliate, though the government didn’t immediately specify how. The moves came after discussions between made little progress Thursday, according to people familiar with the talks. Chinese Vice Premier Liu He arrived at the U.S. Trade Representative’s office on Friday morning for a second day of talks with Trump’s top trade negotiator Robert Lighthizer and Treasury Secretary Steven Mnuchin.

“Talks with China continue in a very congenial manner -- there is absolutely no need to rush,” the U.S. president said on Twitter on Friday, before talks resumed. “In the meantime we will continue to negotiate with China in the hopes that they do not again try to redo deal!”

In one of his tweets on Friday, Trump also said “the process has begun” to impose 25% tariffs on a further $325 billion in goods from China. That raises the prospect of all of China’s goods exports to the U.S. -- worth about $540 billion last year -- being subject to new import duties.

The new tariffs that took effect at 12:01 a.m. Washington time Friday raise from 10% to 25% ...

More: https://finance.yahoo.com/news/u-hikes-tariffs-china-talks-040107611.html

[Sunlei]

8. That means Americans will pay about 25% more for about everything made in china and

Chinas Asian pacific 'sub contractor countries' (countries that wanted direct trade with America. Countries USA gave away lost to china when we quit the TPP trade deals)

farmed fish/sea foods, clothes, office supplies, garlic, most spices including salts, soaps, toys, phones, rice, cereals, fish meal, chemicals, ......

[mobeau69]

9. Has two more weeks to make a deal.

Everything on a boat that left yesterday is not subject to the increase. A boat leaving today will take 2 weeks to arrive.

[CanonRay]

7. I think Trump is running his own pump and dump scheme

[Roy Rolling]

10. Yes!

He will be remain loudly and publicly negative right until the short positions are covered. Then he and his friends will go long and a tariff breakthrough will be announced.

Well, he's transparent about one thing.

[IronLionZion]

11. His buddies sold high, so he tweets some nonsense to lower the prices

so they can buy low. Meanwhile he has bullied the Fed to maintain low rates to keep stimulating the economy since his tax cuts didn't quite do enough. The last year or so was all propped up through companies using their extra cash for share buybacks.

[machoneman]

13. This is just the start where ALL Americans will pay and pay and pay. Gas jumped ten cents today...

in suburban Chicago as gas, oil, soybeans, grains and more are commodities. All commodities will be seeing increases in prices to us even though soybeans will drop even more in value. Just watch.....