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China offers $1 trillion to roll back trade war.

Bullseye

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Looks like China has decided trade wars aren't in their best interest


Beijing is reportedly promising the moon to reach a China trade deal with President Trump. A new Bloomberg News report says China has offered to buy more than $1 trillion in additional imports over six years, shrinking its $323 billion trade surplus with the U.S. to zero by 2024. While investors are increasingly confident that a China trade deal will happen, the news of a Chinese buying spree added a little hot sauce to the Dow Jones and broader stock market rally on Friday.

Things aren't totally wrapped up yet:

After the report, the Dow Jones, S&P 500 index and Nasdaq composite were all up more than 1% on the stock market today. The Dow and S&P 500 moved above their 50-day moving averages on Thursday on China trade deal hopes.
Is China Trade Offer Realistic?
The news is pretty stunning, but may be too good to be realistic. Back in May, China was reportedly only offering to boost purchases of U.S. goods by about $70 billion over several years. That might have done little to curb the trade gap. The new offer envisions a dramatic shift in global trade. But Bloomberg reported that U.S. negotiators are doubtful it could happen and wary that China's commitments are too far into the future. The first year would see roughly an additional $45 billion in purchases by China.
It's not year clear how Beijing proposes to achieve the shift. Buying American agricultural products, natural gas, and perhaps oil are certainly part of the puzzle. Deere stock, which benefits when American farmers are thriving, surged higher on the news. Deere (DE) rose 3.2%. Dow Jones component Caterpillar (CAT), which gets a big slice of revenue from China, rose 2.2%.
 

WillyPete

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It sure sounds good, but it's two orders of magnitude higher than their previous offer, and the timing is fishy.

We'll see.
 

ecofarm

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The significance of that trillion depends greatly on whether it's finished goods or raw materials.
 

Sampson Simpson

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if it happens, that's great. I will wait and see, even the article says it could be too good to be true

The news is pretty stunning, but may be too good to be realistic. Back in May, China was reportedly only offering to boost purchases of U.S. goods by about $70 billion over several years. That might have done little to curb the trade gap. The new offer envisions a dramatic shift in global trade. But Bloomberg reported that U.S. negotiators are doubtful it could happen and wary that China's commitments are too far into the future. The first year would see roughly an additional $45 billion in purchases by China.

i wouldn't be going around bragging victory on something that hasn't happened or is even close to happening
 

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We'll see how it goes. I hope we can get through this with something positive on the other side. Then maybe I won't have to go to India any longer, lol.
 

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Trust but verify...especially if the offer involves a mobbed up gangster.
 

<alt>doxygen

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I hope it works out, but as the link says, it seems too good to be true.

Another case of a hyping headline. I'll need to see the beef.
 

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i wouldn't be going around bragging victory on something that hasn't happened or is even close to happening
They are showing a willingness. If that willingness is because of something you did, even though you could certainly say don't count your chickens before they hatch, you would definitely be taking credit for pushing them to show this willingness.
 

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Phys251

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If the trade deficit is closer to a wash, we are winning.

Except that's not how it's playing out. But you knew that already, didn't you?
 

JANFU

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Last edited:

Bullseye

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Bullseye

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This is all fine and dandy, but it won't make Trump give up on the other issues we have with China. China is making a big mistake if they think Trump will allow them to continue with their other tactics of tech theft, currency manipulation, etc.
Did say this was end of our conflicts with China, did I? My link talks about some of the tough spots.
 

Bullseye

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Nobody wins a trade war. China knows it. Our president doesn't.
LOL, Yeah, our president is horrible he only got China to agree to buy about a trillion dollars of our goods. What a loser. :roll:
 

Phys251

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LOL, Yeah, our president is horrible he only got China to agree to buy about a trillion dollars of our goods. What a loser. :roll:

Cool story. How's your stock portfolio been since this time last year?
 

Bullseye

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Cool story. How's your stock portfolio been since this time last year?
It's up over 40% since Trump was elected. Nice thing about the drop you're trying to make into a big deal was that it created some good buys which helped. Got anything else?
 

Phys251

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It's up over 40% since Trump was elected.

Thanks, Obama! :thumbs:

Nice thing about the drop you're trying to make into a big deal was that it created some good buys which helped. Got anything else?

Did it keep going up after January 2018?
 

Rexedgar

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JANFU

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Did you READ the quotes I provided, or even the entire link? Did either I or the article suggest it was time for a victory parade?

Thing is you made no points. Reasons I asked. Thought it was BN where rules are tighter.
 

Bullseye

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Thing is you made no points. Reasons I asked. Thought it was BN where rules are tighter.
Seriously? I "made no points". Really? What's the topic of this thread? Point is that China is making BIG moves on trade.
 

JANFU

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Seriously? I "made no points". Really? What's the topic of this thread? Point is that China is making BIG moves on trade.

The important points as discussed in my link
IP for one, stealing technology another.
This ain't about Soybeans and I hope Trump walks away with a big win on the points I listed below. There are others but 3 to consider
If he does not win BIG in each area, then it is a bad deal

Thing is China has made numerous promises. Changing the law in China not difficult, consider that in China a new law is generally under 1 page in the US it is more detailed, page upon page. Lots of leeway


Some highlights

https://www.scmp.com/news/china/mon...-us-wants-china-during-90-day-trade-war-truce

Forced technology transfer

IP protection

Cyber intrusions and cyber theft

Services and agriculture
 

Roadvirus

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It's up over 40% since Trump was elected. Nice thing about the drop you're trying to make into a big deal was that it created some good buys which helped. Got anything else?

That and it took the price of oil with it. Unfortunately that's on the way up again.
 
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