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Started By
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Breaking: Trump/U.S. Labels China a Currency Manipulator..... Let's do this!!!
Posted on 8/5/19 at 8:49 pm
Posted on 8/5/19 at 8:49 pm
GROW SOME NUTS!!!!
LINK
WASHINGTON (AP) — The U.S. Treasury Department labeled China a currency manipulator Monday after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world’s two biggest economies.
The decision, which came hours after President Donald Trump accused China of unfairly devaluing its currency, marks a reversal for Treasury: In May, it had declined to sanction China for manipulating its currency.
The U.S. has not put China on the currency blacklist since 1994.
The designation could pave the way for more U.S. sanctions against China.
Earlier Monday, China had allowed its currency to weaken to an 11-year low, a move that gives its exporters a price edge in world markets and eases some of the damage from U.S. tariffs on Chinese products.
LINK
WASHINGTON (AP) — The U.S. Treasury Department labeled China a currency manipulator Monday after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world’s two biggest economies.
The decision, which came hours after President Donald Trump accused China of unfairly devaluing its currency, marks a reversal for Treasury: In May, it had declined to sanction China for manipulating its currency.
The U.S. has not put China on the currency blacklist since 1994.
The designation could pave the way for more U.S. sanctions against China.
Earlier Monday, China had allowed its currency to weaken to an 11-year low, a move that gives its exporters a price edge in world markets and eases some of the damage from U.S. tariffs on Chinese products.
This post was edited on 8/5/19 at 8:50 pm
10
Posted on 8/5/19 at 8:50 pm to Jjdoc
Wow!
Is this the first time an American President has d9ne this?
Is this the first time an American President has d9ne this?
Posted on 8/5/19 at 8:51 pm to KCT
Since 1944
Posted on 8/5/19 at 8:52 pm to Jjdoc
Need the quick down and dirty on wtf this means...
Seriously, I have no clue.
Seriously, I have no clue.
Posted on 8/5/19 at 8:55 pm to Jjdoc
quote:
Since 1944
Posted on 8/5/19 at 8:55 pm to Sheepdog1833
quote:
Need the quick down and dirty on wtf this means... Seriously, I have no clue.
Teeny Xi just got sack-dragged by Donnie 9”.
Posted on 8/5/19 at 8:55 pm to Sheepdog1833
It means Trump didn’t become Trump from being President. He’s a frickin business man with brass balls.
Posted on 8/5/19 at 9:00 pm to TigahTeeth
quote:
It means Trump didn’t become Trump from being President. He’s a frickin business man with brass balls.
Let us hope it's not a blind aggression gamble.
Hope they're playing our game and we aren't playing theirs.
This post was edited on 8/5/19 at 9:01 pm
Posted on 8/5/19 at 9:01 pm to Jjdoc
The man has balls of steel.
He's the only person in the public forum with the nuts to pull off what he's trying to do.
He's trying to uncuck the entire fricking planet.
He's the only person in the public forum with the nuts to pull off what he's trying to do.
He's trying to uncuck the entire fricking planet.
Posted on 8/5/19 at 9:01 pm to Jjdoc
This is retarded. If they didn't "manipulate" their currency the CNY would collapse. They are supporting it not devaluing it. That would be suicidal with their drained dollar reserves and cause a banking crisis.
Posted on 8/5/19 at 9:03 pm to wutangfinancial
quote:
This is retarded. If they didn't "manipulate" their currency the CNY would collapse. They are supporting it not devaluing it. That would be suicidal with their drained dollar reserves and cause a banking crisis.
They shouldn’t prop up or devalue their currency.
Posted on 8/5/19 at 9:06 pm to Jjdoc
The law under which it was done didn't get passed until 1988. Last guy to do it was slick Willie who promptly took them off once he started getting the sweet sweet Chinese campaign cash.
Posted on 8/5/19 at 9:07 pm to wutangfinancial
quote:
This is retarded.
ORLY?
quote:
If they didn't "manipulate" their currency the CNY would collapse. They are supporting it not devaluing it. That would be suicidal with their drained dollar reserves and cause a banking crisis.
So - they are forced to manipulate their currency to avoid collapse. And now they subject to financial sanctions for doing so.
Sounds like they are in a real bind. Wonder how they got there? And how they can get out?
,...genius of Trump at work.
This post was edited on 8/5/19 at 9:10 pm
Posted on 8/5/19 at 9:12 pm to wutangfinancial
Good LORD!!!!
Posted on 8/5/19 at 9:13 pm to BobBoucher
quote:
So - they are forced to manipulate their currency to avoid collapse. And now they subject to financial sanctions for doing so.
Sounds like they are in a real bind. Wonder how they got there? And how they can get out?
,...genius of Trump at work.
Have a cookie!!
Posted on 8/5/19 at 9:17 pm to Jjdoc
I'd say that gives us some leverage in the negotiations.
Posted on 8/5/19 at 9:17 pm to Jjdoc
quote:
The U.S. has not put China on the currency blacklist since 1994.
Posted on 8/5/19 at 9:23 pm to Jjdoc
Damn, this has nothing to do with your thread but that cookie looks delicious.
Posted on 8/5/19 at 9:24 pm to GeorgeTheGreek
quote:
Damn, this has nothing to do with your thread but that cookie looks delicious.
I KNOW RIGHT!!
Posted on 8/5/19 at 9:25 pm to GeorgeTheGreek
quote:
Damn, this has nothing to do with your thread but that cookie looks delicious.
Hey. Backoff buddy. It’s mine. Don’t even think about it!
This post was edited on 8/5/19 at 9:27 pm
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