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The Deuce / Re: Stonks
« Last post by Custard on May 12, 2025, 11:47:03 PM »The liberals at Bloomberg appear unimpressed....
https://www.bloomberg.com/news/articles/2025-05-12/xi-defiance-pays-off-as-trump-meets-most-chinese-trade-demands
Wonder how much the CCP paid for that fluff piece? What demands could China possibly have when we essentially embargoed them from their largest market and all their shitty goods are sitting on docks? The United States won a big battle this week and you’re cheering on the Chinese.
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The Deuce / Re: Stonks
« Last post by ThePAMan on May 12, 2025, 10:51:27 PM »Well, I guess the next, what 90 days, is the time to buy your 30 dolls for Christmas?
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The Deuce / Re: Stonks
« Last post by ThePAMan on May 12, 2025, 10:44:01 PM »China lowered other protectionist mechanisms besides tariffs.
But not on minerals apparently.
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The Deuce / Re: Stonks
« Last post by ThePAMan on May 12, 2025, 10:43:34 PM »The liberals at Bloomberg appear unimpressed....
https://www.bloomberg.com/news/articles/2025-05-12/xi-defiance-pays-off-as-trump-meets-most-chinese-trade-demands
https://www.bloomberg.com/news/articles/2025-05-12/xi-defiance-pays-off-as-trump-meets-most-chinese-trade-demands
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The Deuce / Re: Stonks
« Last post by Custard on May 12, 2025, 10:42:59 PM »Isn't 30% to 10% pretty meaningless unless the volume of US goods the Chinese bring in greatly improves?
Ergo this is seen as a capitulation by the business media.
China lowered other protectionist mechanisms besides tariffs.
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The Deuce / Re: Stonks
« Last post by ThePAMan on May 12, 2025, 10:39:23 PM »Isn't 30% to 10% pretty meaningless unless the volume of US goods the Chinese bring in greatly improves?
Ergo this is seen as a capitulation by the business media.
Ergo this is seen as a capitulation by the business media.
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The Deuce / Re: Stonks
« Last post by murphstahoe on May 12, 2025, 10:31:59 PM »“China won’t deal”
—China deals
“This isn’t a deal, Trump backed down”
—China reduced the tariffs 115% creating parity for the first time in ages. They dropped all non-tariff barriers which had basically created an embargo against many US goods. They also sent their safety minister to publicly address the fentanyl crisis and China’s role in stopping it.
Bet your algorithm forgot to mention those facts.
I award you no points, and may god have mercy on your soul
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The Deuce / Re: Stonks
« Last post by Custard on May 12, 2025, 10:28:26 PM »Quote
President Trump said the trade talks achieved a "total reset" with China, calling it a very good deal, and added that he might speak to Chinese leader Xi Jinping at the end of the week.
The agreement lowered tariff levels far more than Wall Street expected, with one analyst, Dan Ives of Wedbush Securities, calling the deal a "best-case scenario” for investors. Goldman Sachs cut its U.S. recession odds to 35% from 45% and boosted its growth forecast.
U.S. stocks rallied, with the Nasdaq Composite climbing 4.3% and entering a new bull market by closing more than 20% above its April low. The Dow industrials jumped above where they closed on April 2, before Trump’s “Liberation Day” tariffs sent markets into a tailspin. The blue-chip index ended the day more than 1,100 points higher.
https://www.wsj.com/livecoverage/stock-market-today-tariffs-trade-war-05-12-2025