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<blockquote data-quote="Jones" data-source="post: 4167401" data-attributes="member: 4805">Trump has now partially reversed himself on the 10% tariff, without any corresponding concession from China. In fact, China has toughened its stance recently, essentially calling Trump’s bluff. China has refused to fulfill its pledge to start buying more U.S. farm products, for instance. And it has <a href="https://finance.yahoo.com/news/the-irony-of-calling-china-a-currency-manipulator-152537290.html" target="_blank">allowed its currency to fall in value</a> more than usual, which makes Chinese exports to other countries cheaper and boosts domestic sales. It’s possible China has decided to bear the pain of Trump’s trade war for the next 15 months and hope Trump loses the 2020 election.&nbsp;That has left Trump, who fancies himself a master dealmaker, negotiating with himself. Trump’s <a href="https://www.bloomberg.com/news/articles/2019-08-08/u-s-rushes-to-ready-new-china-tariffs-as-companies-fret-damage" target="_blank">initial threat</a> on consumer imports from China was to levy a 25% tariff. But when it came time to do it, he lowered that to 10%. And now it’s 10% on just half of those products, rather than all of them. And there’s an appeals process for eliminating the entire tariff.<a href="https://www.yahoo.com/finance/news/trump-caves-on-tariffs-181925373.html" target="_blank">Trump caves on tariffs</a></blockquote>

[QUOTE="Jones, post: 4167401, member: 4805"] [I]Trump has now partially reversed himself on the 10% tariff, without any corresponding concession from China. In fact, China has toughened its stance recently, essentially calling Trump’s bluff. China has refused to fulfill its pledge to start buying more U.S. farm products, for instance. And it has [URL='https://finance.yahoo.com/news/the-irony-of-calling-china-a-currency-manipulator-152537290.html']allowed its currency to fall in value[/URL] more than usual, which makes Chinese exports to other countries cheaper and boosts domestic sales. It’s possible China has decided to bear the pain of Trump’s trade war for the next 15 months and hope Trump loses the 2020 election. That has left Trump, who fancies himself a master dealmaker, negotiating with himself. Trump’s [URL='https://www.bloomberg.com/news/articles/2019-08-08/u-s-rushes-to-ready-new-china-tariffs-as-companies-fret-damage']initial threat[/URL] on consumer imports from China was to levy a 25% tariff. But when it came time to do it, he lowered that to 10%. And now it’s 10% on just half of those products, rather than all of them. And there’s an appeals process for eliminating the entire tariff.[/I] [B][URL='https://www.yahoo.com/finance/news/trump-caves-on-tariffs-181925373.html']Trump caves on tariffs[/URL][/B] [/QUOTE]

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