Trump Crisis Finally Hits Stocks As Concerns Mount Over GOP Defections

not really

while pork / grain are from Iowa and neighboring states,

wines / nuts / fruits are imported from uber blue California, not coincidentally,
the jurisdiction under which the capable attorney for Texas resident Stormy Daniels
has chosen to sue Trump et al to invalidate the NDA written by Cohen
​

because it is not in cahoots w Cambridge Analytics in a manner like Putin, China is not that in tune w the political demographics
indigenous to the US.

 

stop spreading half-azzed piecemeal news.
,
the media reported what Trump had announced, which tanked the market. After China responded w its own tariff proposals,
the market tanked some more, which prompted

Trump advisors, Navarro, Kudlow and Ross to kinda of walk-back Trump's impetuous words, suggesting that
it is not a trade war, just positioning for negotiation.
the media reported on this "walk-back", which you had irresponsibly/conveniently omitted in ur post

traders heeded this "walk-back", only then, did the market calm down, and reversed direction​

people from both side hate Trump talking sh it without thinking. such as

it's so easy to

implement a Muslim ban, to repeal ObamaCare, to build a border wall, to start a trade war, etc.​

u can't possibly be that ignorant

the US taxpayers are his bosses

in the USA, the POTUS can't do what his pleases.

i know that you know that Trump could not get

the unconstitutional Muslim ban EO approved
ObamaCare repeal
a Child molester elected as a US Senator
the border wall built​

 

http://www.businessinsider.com/trump-china-trade-war-kudlow-wilbur-ross-walk-back-2018-4
​

Multiple members of the Trump administration on Wednesday began looking to downplay the potential fallout from the brewing trade battle between the US and China. China's retaliatory tariff announcement had sent the stock market tumbling as people worried about broader economic pain. Following soothing words from officials like Larry Kudlow and Wilbur Ross, the market rebounded.

Perhaps the most soothing voice for investors and economists fretting over the possibility of a China-US trade war was Larry Kudlow, who replaced Gary Cohn last week as Trump's top economic adviser.

"There's no trade war here," Kudlow said "What you've got is the early stages of a process which will include tariffs, comments on the tariffs, then ultimate decisions and negotiations. There's already back-channel talks going on."

Kudlow also told reporters on the White House lawn that "it's possible" the tariffs would never actually be imposed. The proposed product list is open for comments, and the Office of the US Trade Representative will review the comments until the end of May.


moral of the story

the dotard needs---stopping the self-inflicted woulds---to think before he talks !​

​

 

the DOW reversed upward 1,000 points since the dotard's advisers had to "walk-back" Trumps words.

this only underscores the stupidity, self-inflicted wound, of Trump's talking without thinking

 

the resounding FU to DJ Trump heard around Wall Street !!!

in mid-March when the dotard, envious of Jeff Bezos's success,
lied about Amazon and then bashed it repeatedly, the stock price nose-dive ~ 250 points.​

Performance talks, Trumps' BS walks; AMZN stock price has recovered.

Yesterday Amazon reported fantastic results for Q1, probably the best in its history,
w a upbeat guidance for more growth to come, beating analysts' estimates on all metrics;
its stock price has gained ~ 300 points month-to-date.

​

take that, dotard

 

Trump has lied that stock market is doing better than “ever before” 97 times

Fact check: http://www.newsweek.com/donald-trump-lying-more-now-he-was-beginning-his-presidency-908358

In 2017, U.S. stocks haven’t rallied as strongly as their foreign counterparts in EU, China,Japan, So America, etc.​

from inauguration to April of the following year, “stock prices rose about three times as much under Obama” as Trump
​

Just the facts !

 

2 days ago, Fear over Italy sovereignty debt drove the DOW down by ~ 500 pt. Yesterday, trades come to their senses realizing that the US is not Italy, the DOW recovered close to 300 pt.

today, Trump is starting a global trade war, imposing tariffs on steel and aluminum from the European Union, Mexico and Canada. The DOW has declined > 200 pt. http://money.cnn.com/2018/05/31/investing/us-steel-aluminum-tariffs-response/index.html

But, China, who had committed $ 400M to fund the Trump Co's project in Indonesia., is not on that list. had it been on the list, the DOW decline would be much severe.

in response, The European Union has said that its retaliatory measures, which could be in place as soon as June 20, would include 25% tariffs on American products including motorcycles, denim, cigarettes, cranberry juice and peanut butter.

The Mexican government said that the US action was not justified, and that it would retaliate with its own comparable penalties on US lamps, pork, fruit, cheese and flat steel.