Apple just confirmed Trump's trade war is hurting global growth

[OldFatGuy]

If it was not important, why did you bring it up?

I didn't bring it up, it was part of a response to another post.

 

[Lord Tammerlain]

I didn't bring it up, it was part of a response to another post.

You responded to it, in an attempt to correct what was correct in the first place, then claimed it was not important when shown to be wrong

 

[OldFatGuy]

You responded to it, in an attempt to correct what was correct in the first place, then claimed it was not important when shown to be wrong

So what? Minor nonsense having nothing to do with the state of the market or Apple.

 

[Lafayette]

Because the OP tried to link Apples problems with the Trump tariff war...which is idiotic since no tariffs are applied in China to goods made in China like the iPhone.

That is not the point of the negotiations, which are on a far larger scale than what you mention.

See here: China Retaliatory Tariffs

Excerpt:

Following the meeting*, President Trump said China also agreed to reduce 40% tariffs (25% of which is retaliation for U.S. tariffs) on U.S. automobile exports, though China has not confirmed that it will do so.

The latest agreement is a small, but positive step toward repairing the U.S.-China trade relationship. It likely postpones the risk of a fourth tranche of tariffs on another $267 billion in Chinese imports, which the Trump administration has previously threatened to impose, beyond the 90-day period. President Trump’s appointment of U.S. Trade Representative (USTR) Robert Lighthizer, who managed to conclude the renegotiation of NAFTA, as the lead for the 90-day talks suggests that serious negotiations will take place.

*(From the excerpted text): On December 1, President Trump and President Xi reached agreement on the margins of the G20 in Buenos Aires to delay an increase on the third, $200 billion tranche of Section 301-related tariffs from 10% to 25%, which was originally set to take place January 1.

And nobody is saying that the above is enough. China is going up-market in its "trade" to higher-margin products other than basic consumer goods.

But as regards present trade from China from here: Trump's $250 billion in China tariffs are now in effect—here's what could get more expensive

Excerpt:

The latest round of U.S. tariffs is a 10 percent levy on $200 billion worth of Chinese goods, which is set to rise to 25 percent by the end of the year. That's on top of the $50 billion worth of tariffs on Chinese goods that went into effect in August.

How much more you could pay, and for what
The Office of the United States Trade Representative issued a comprehensive list of Chinese products that the U.S. plans to target. The list includes everything from vegetables and seafood to chemical elements and construction materials.

Including these latest additions, tariffs will cost the average American family $127 per year, according to an analysis from Kirill Borusyak, a postdoctoral associate at Princeton University, and Xavier Jaravel, an economics professor at the London School of Economics. The effect on you will vary based on what you buy, and the extra amount you'll pay could increase significantly if you make more substantial purchases.

Here are some notable goods that may become more expensive for American consumers as a result of the tariffs:

TVs
Homes and home renovations
Washing machines
Solar panels
Cars
Beer
Cosmetics
Electronics
Clothing

China's manufacturing costs are so low that the increase is unlikely to have a very large impact on American demand. So the tariff revenues go directly into the pocket of Uncle Sam.

Yes, boyz-'n-girlz, he lowered upper income taxation on the rich and now he's raising imported costs of ordinary goods for most Americans ...

 

[James972]

Yes, boyz-'n-girlz, he lowered upper income taxation on the rich and now he's raising imported costs of ordinary goods for most Americans ...

Actually I think you missed the point He is negotiating With the Chinese With the intent To have free trade . That will be very good For rich and poor Americans . now do you understand ?

 

[James972]

https://finance.yahoo.com/news/apple-just-confirmed-stock-markets-225049102.html

The numbers do not lie. It will be a brutal day for the stock market on Thursday. Trump, this should be your wake up call. The "glitch" in December will continue on in 2019 if you don't wake up.

It is OK If the trade war Slows down global trade In the short term Since the objective Is to have free trade in the long term . This seems like a simple concept The liberals Need so badly To criticize trump That they cannot comprehend The simple point . do you understand?