Tariffs are the greatest!

[Straw Man]

the same day that Trumptard declares "tariffs are the greatest" he turns around and gives 12 billion in welfare to US farmers impacted by his idiotic trade war

Doesn't get much dumber than this

Just nod and say “yes”

[Coach is Back!]

Markets ended at +197.65 after that tweet. Just nod and say yes.

[Yamcha]

 

[Straw Man]

Let's hope Trumptard does a better job with this negotiation than he did with Little Rocket Man and his Russian butt buddy

[Yamcha]

Let's hope Trumptard does a better job with this negotiation than he did with Little Rocket Man and his Russian butt buddy

Yes, maybe he will meet them at the tarmac in the middle of the night with billions in unmarked USD.

[Straw Man]

Yes, maybe he will meet them at the tarmac in the middle of the night with billions in unmarked USD.

Why, are we still holding their money that we froze years ago?

[Coach is Back!]

Why, are we still holding their money that we froze years ago?

Still don’t understand what a ransom is, do you? What a coincidence.

[IroNat]

Trump is the Great Negotiator.

The tariffs are a bargaining tool.

Make 'em squeal like pigs Donny.

[Yamcha]

Bump

[polychronopolous]

Bump

The future of the Democrat Party according to Tom Perez

[loco]

Dow surges more than 150 points in sudden move after Trump reportedly gets concessions from EU to avoid a trade war

https://www.cnbc.com/2018/07/25/us-stock-index-futures-bumper-earnings-in-focus.html

[polychronopolous]

Trade Deal a ‘Major Win for President Trump,’ ‘Major Concession’ by European Union



President Donald Trump scored a “major win” on Wednesday by reaching a limited trade deal with the European Union, which made a “major concession” to the United States to avoid a trade war.
That’s according to business news anchor Neil Cavuto of Fox News — who just last week blasted President Trump over his press conference with Russian President Vladimir Putin in Helsinki, Finland.

Amidst recent tariffs and tensions, European Commission President Jean-Claude Juncker arrived at the White House with two options for a deal to avoid a wider trade war, according to ABC News: “eliminate tariffs on cars for all trading partners or create a limited free trade agreement between the U.S. and EU on industrial goods.”

Trump opted for the latter — and secured Europe’s agreement to buy more American soybeans and liquified natural gas (LNG). The two also announced that they would begin “to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods,” in Trump’s words.

The Dow Jones Industrial Average jumped on the news, which was seen as a major win for Trump’s gamble of using tariffs, tweets, and threats to extract concessions from U.S. trading partners.

Cavuto said:

This is a dramatic, a stunning development, on trade … The Europeans, it might be deemed, have blinked. They have made concessions to President Trump … to meet the president’s demand that lifts tariffs that are already in effect against the European Union. This is a major win for President Trump. It is a major concession on the part of the European Union … A few hours ago, they were pooh-poohing — all the major publications … for the President of the United States, a win, and a big one, economically.



https://www.breitbart.com/big-government/2018/07/25/trade-deal-a-major-win-for-president-trump-major-concession-by-european-union/

[Thin Lizzy]

In your hatred of Trump, you can’t see that he’s using them as a negotiating tactic. I know leftists like to believe that the United States is the only country imposing tariffs but all countries do.

Everyone in his administration knows tariffs are bad economics but he figures he can deal with some short-term pain and then win in the long run as he usually does. I think he’s right simply because of the size of the US market which is 10 times that of Canada and 15 times that of Mexico. They need us more than we need them.  That goes for China too.

[polychronopolous]

[ZeroPatience]

Straw getting owned on his own thread and vanishing.

[Conker]

of course europe is happy to buy more soybeans from the US as US soybeans are going at bargain basement prices. trump's "trade war" with china has led to US soybean price falling to a decade low, while your biggest competitor (brazil) soy prices are surging.

and trumptards think he's pulled off some great coup. lol

[polychronopolous]

The Failing EU needs to worry more about paying their bills and quit relying on big brother to defend them.

Under Trump's direction the United States future is that of prosperity and wealth.

[Primemuscle]

Markets ended at +197.65 after that tweet. Just nod and say yes.

So, are you suggesting the only reason the market goes up or down is because of the President, be that person Trump, Obama, Bush or Clinton, etc.? Economist say otherwise.

[Irongrip400]

Jr has a decent troll game. Not like his dad, but he’s catching on.

[polychronopolous]

Jr has a decent troll game. Not like his dad, but he’s catching on.

Don Jr. is pretty dialed in with alot of the more famous Twitter political type posters/commentators and just the overall culture of alt media. He is definitely worth following.

Of course Senior has bigger fish to fry and like you stated, a master at the troll game.

[lilhawk1]

Trade Deal a ‘Major Win for President Trump,’ ‘Major Concession’ by European Union



President Donald Trump scored a “major win” on Wednesday by reaching a limited trade deal with the European Union, which made a “major concession” to the United States to avoid a trade war.
That’s according to business news anchor Neil Cavuto of Fox News — who just last week blasted President Trump over his press conference with Russian President Vladimir Putin in Helsinki, Finland.

Amidst recent tariffs and tensions, European Commission President Jean-Claude Juncker arrived at the White House with two options for a deal to avoid a wider trade war, according to ABC News: “eliminate tariffs on cars for all trading partners or create a limited free trade agreement between the U.S. and EU on industrial goods.”

Trump opted for the latter — and secured Europe’s agreement to buy more American soybeans and liquified natural gas (LNG). The two also announced that they would begin “to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods,” in Trump’s words.

The Dow Jones Industrial Average jumped on the news, which was seen as a major win for Trump’s gamble of using tariffs, tweets, and threats to extract concessions from U.S. trading partners.

Cavuto said:

This is a dramatic, a stunning development, on trade … The Europeans, it might be deemed, have blinked. They have made concessions to President Trump … to meet the president’s demand that lifts tariffs that are already in effect against the European Union. This is a major win for President Trump. It is a major concession on the part of the European Union … A few hours ago, they were pooh-poohing — all the major publications … for the President of the United States, a win, and a big one, economically.



https://www.breitbart.com/big-government/2018/07/25/trade-deal-a-major-win-for-president-trump-major-concession-by-european-union/

Breitbart?  Are you actually serious?

[lilhawk1]

of course europe is happy to buy more soybeans from the US as US soybeans are going at bargain basement prices. trump's "trade war" with china has led to US soybean price falling to a decade low, while your biggest competitor (brazil) soy prices are surging.

and trumptards think he's pulled off some great coup. lol

They're too stupid to realize this.

[Straw Man]

Straw getting owned on his own thread and vanishing.

I don't always have time to check in every day
One thing I can always count on is Trumptards getting suckered

The only "deal" made yesterday was that they agreed to work toward some future deal

Other than that nothing happened other than Trump caving in  on his own idiotic self inflicted trade war.

[polychronopolous]

Second-quarter GDP jumps 4.1% for best pace in nearly four years


 


BREAKING: Second-quarter GDP jumps 4.1% for best pace in nearly four years
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Second-quarter GDP jumps 4.1% for best pace in nearly four years
Jeff Cox   | @JeffCoxCNBCcom
Published 13 Mins Ago  Updated 1 Min Ago
CNBC.com
 Appliances on sale in Sarasota, Florida.
US core capital goods orders and shipments surge in June
Gross domestic product grew at a solid 4.1 percent pace in the second quarter, its best pace since 2014, boosting hopes that the economy is ready to break out of its decade-long slumber.

The number matched expectations from economists surveyed by Reuters and was boosted by a surge in consumer spending and business investment.

That's the fastest rate of the growth since the third quarter of 2014 and the third-best growth rate since the Great Recession. In addition to the strong second quarter, the Commerce Department revised its first-quarter reading up from 2 percent to 2.2 percent.


In addition to the rise in consumer and business spending, increases in exports and government spending also helped. Declines in private inventory investment and residential fixed investment were the main drags, the report said.

In recent days, White House officials have been indicating the reading will be strong.

President Donald Trump himself tweeted a few days ago that the U.S. has the "best financial numbers on the planet," while National Economic Council Chairman Larry Kudlow predicted on Thursday that Q2 GDP will be "big."

The administration has used a mix of tax cuts, deregulation and spending increases to goose growth. White House budget director Mick Mulvaney told CNBC earlier this week that deregulation likely has had the most impact so far as companies feel more comfortable about committing capital.

The next question will be whether the growth spurt is sustainable. There were several jumps in GDP under former President Barack Obama. That Q3 increase in 2014 was preceded by a 4.6 percent rise in the second quarter. But by the end of 2015, growth had slowed to 0.5 percent. Federal Reserve officials forecast GDP to rise 2.8 percent for all of 2018 but then to tail off to 2.4 percent in 2019 and 2 percent in 2020.

Economists surveyed by Reuters expected that gross domestic product grew at a 4.1 percent annualized rate.

https://www.cnbc.com/2018/07/27/us-gdp-q2-2018.html

[loco]

How China's tariffs on soybeans fueled the US GDP bump

The U.S. economy grew 4.1% in the second quarter, partly due to a burst in soybean and corn exports, according to economists. In May, the latest data available, soybean exports nearly doubled compared to in April. Producers were in a rush to beat tit-for-tat sanctions, soybean exports are up 26% for the year compared to 2017.

In the second quarter, the U.S. recorded an 80% annualized jump in food, feed and beverage exports, mainly from soybeans and corn. Without that surge, exports would have increased 5.3% instead of 9.3%, which means the GDP growth would have been around 3.6%, according to Paul Ashworth, the chief U.S. economist at Capital Economics.

David Rosenberg, the chief economist of Gluskin Sheff, argues trade disputes may play an even bigger role in inflating GDP. “At least half the growth is coming from two trade-related issues — a soybean-led export burst and inventory accumulation. Net these out and we remain near 2%”

https://finance.yahoo.com/news/chinas-tariffs-soybeans-fueled-us-gdp-bump-225326578.html