Wall Street is sending President Trump a message: Don't start a trade war.

[SF1900]

http://money.cnn.com/2018/04/02/investing/trump-amazon-trade-war-wall-street/index.html

Trump is likely throwing a temper tantrum because Jeff Bezos is worth 120 Billion and Trump is worth 3.1 billion. Trump is probably angry because Bezo's is worth more than him, so he is trying to attack him.

Wall Street is sending President Trump a message: Don't start a trade war. And lay off Amazon, one of the most important companies in America.

The president played a starring role in last year's stock market boom. Now he's getting the blame as Wall Street hits the skids.

Trump's fingerprints were all over Monday's market sell-off. The Dow fell 459 points and the Nasdaq plunged almost 3%.

 Trump's repeated and vociferous attacks on Amazon (AMZN) unnerved investors because they raise the specter of regulation — without any clues about what Trump wants.

"Calling out Amazon without offering any type of prescription is what's concerning the market," said Erin Browne, head of asset allocation at UBS Asset Management.

Amazon has lost $60 billion in market value since Axios first reported Trump is "obsessed" with the company on March 28.

Since then, Trump has repeatedly suggested Amazon takes advantage of the US Postal Service and doesn't pay its fair share of tax.

In fact, Amazon pays the same lower rate that the post office charges other bulk shippers, and it collects sales tax in every state that charges it. Amazon does not collect sales tax on purchases made from third-party vendors.

Trump has a long-held grudge against Amazon CEO Jeff Bezos, who also owns The Washington Post — a paper whose aggressive coverage of the administration has drawn the president's wrath.

"Any time Trump, or any president, starts interfering in corporate behavior, that is concerning for the market," Browne said.

[honest]

Protectionism was always going to hurt the multi nationals, they got rich off globalisation, he's still doing what he said he was going to do. With the tax cut you can restructure and reinvest, the Dow will have to suffer initially at least in the short term, long term who knows where this goes, but give the guy one thing he's prepared to try something different.

[Matt]

Protectionism was always going to hurt the multi nationals, they got rich off globalisation, he's still doing what he said he was going to do. With the tax cut you can restructure and reinvest, the Dow will have to suffer initially at least in the short term, long term who knows where this goes, but give the guy one thing he's prepared to try something different.

Why put tariffs on computer components that the USA doesn't even have the industrial capacity to produce though?

The USA could build the factories to produce anything, but that particular capacity has long been shut down...so...put a tariff on something that literally can't be - or at least currently IS NOT being - produced here?

[Board_SHERIF]

http://money.cnn.com/2018/04/02/investing/trump-amazon-trade-war-wall-street/index.html

Trump is likely throwing a temper tantrum because Jeff Bezos is worth 120 Billion and Trump is worth 3.1 billion. Trump is probably angry because Bezo's is worth more than him, so he is trying to attack him.

Wall Street is sending President Trump a message: Don't start a trade war. And lay off Amazon, one of the most important companies in America.

The president played a starring role in last year's stock market boom. Now he's getting the blame as Wall Street hits the skids.

Trump's fingerprints were all over Monday's market sell-off. The Dow fell 459 points and the Nasdaq plunged almost 3%.

 Trump's repeated and vociferous attacks on Amazon (AMZN) unnerved investors because they raise the specter of regulation — without any clues about what Trump wants.

"Calling out Amazon without offering any type of prescription is what's concerning the market," said Erin Browne, head of asset allocation at UBS Asset Management.

Amazon has lost $60 billion in market value since Axios first reported Trump is "obsessed" with the company on March 28.

Since then, Trump has repeatedly suggested Amazon takes advantage of the US Postal Service and doesn't pay its fair share of tax.

In fact, Amazon pays the same lower rate that the post office charges other bulk shippers, and it collects sales tax in every state that charges it. Amazon does not collect sales tax on purchases made from third-party vendors.

Trump has a long-held grudge against Amazon CEO Jeff Bezos, who also owns The Washington Post — a paper whose aggressive coverage of the administration has drawn the president's wrath.

"Any time Trump, or any president, starts interfering in corporate behavior, that is concerning for the market," Browne said.

a load of rubbish.........

CNN fake news is using the same argument that they criticized Trump for in regards to paying taxes. Amazon earned $5.6B in 2017, but paid no federal taxes.

That is why CNN fake news is fuking shit.

[Coach is Back!]

a load of rubbish.........

CNN fake news is using the same argument that they criticized Trump for in regards to paying taxes. Amazon earned $5.6B in 2017, but paid no federal taxes.

That is why CNN fake news is fuking shit.

Yup

[honest]

 

Why put tariffs on computer components that the USA doesn't even have the industrial capacity to produce though?

The USA could build the factories to produce anything, but that particular capacity has long been shut down...so...put a tariff on something that literally can't be - or at least currently IS NOT being - produced here?

I agree with you, by all means protect your position where potentially there is a benefit, tariffs need to be realistic and constructive to trade potential, where they are not your just being obstructive and that wont deliver benefit to anyone.

Personally I hate globalisation and multi nationals, they have squeezed out all the  small guys out with scale which delivers them the low margin environment most small family businesses cant compete with  particularly when they also have offshore tax arrangements, Trump wouldn't have a leg to stand on if those companies booked their profits in the US and paid the right tax at home,after all the profits in most cases come from the us consumer market ,  they basically in most cases took onshore operations off shore taking all the jobs with them, they then profited from selling in the US market, but offshored the profit to low tax destinations around the world in complex tax arrangements. Leaving the country without Jobs or tax dollars. Finally someone has woken up. Im not a socialist and I hate taxes, but what I hate more is the current game where large companies squash the little guy using scale and tax, that's not capitalism its greed. Politicians should be lynched for allowing it to happen.

[Yamcha]

http://money.cnn.com/2018/04/02/investing/trump-amazon-trade-war-wall-street/index.html

Trump is likely throwing a temper tantrum because Jeff Bezos is worth 120 Billion and Trump is worth 3.1 billion. Trump is probably angry because Bezo's is worth more than him, so he is trying to attack him.

Wall Street is sending President Trump a message: Don't start a trade war. And lay off Amazon, one of the most important companies in America.

The president played a starring role in last year's stock market boom. Now he's getting the blame as Wall Street hits the skids.

Trump's fingerprints were all over Monday's market sell-off. The Dow fell 459 points and the Nasdaq plunged almost 3%.

 Trump's repeated and vociferous attacks on Amazon (AMZN) unnerved investors because they raise the specter of regulation — without any clues about what Trump wants.

"Calling out Amazon without offering any type of prescription is what's concerning the market," said Erin Browne, head of asset allocation at UBS Asset Management.

Amazon has lost $60 billion in market value since Axios first reported Trump is "obsessed" with the company on March 28.

Since then, Trump has repeatedly suggested Amazon takes advantage of the US Postal Service and doesn't pay its fair share of tax.

In fact, Amazon pays the same lower rate that the post office charges other bulk shippers, and it collects sales tax in every state that charges it. Amazon does not collect sales tax on purchases made from third-party vendors.

Trump has a long-held grudge against Amazon CEO Jeff Bezos, who also owns The Washington Post — a paper whose aggressive coverage of the administration has drawn the president's wrath.

"Any time Trump, or any president, starts interfering in corporate behavior, that is concerning for the market," Browne said.