"Imposing a tariff on U.S. crude is an act of self-harm on three fronts," Bank of America Merrill Lynch analysts wrote in the note, saying that the tariff would impact domestic refineries and reduce the competitiveness of petroleum product exporters."Thus, the latest round of tariffs suggests China's pain threshold is higher than the market has assumed so far."
Both governments have insisted they won't capitulate in the trade war, and global uncertainty driven by the trade war has stoked fears of a potential recession. Trump has sought to dismiss worries about the economy and repeatedly criticized the Federal Reserve, but if a recession comes, he will have trouble avoiding responsibility for a trade war he has driven.
The president has guided the tariff escalations of the trade war. China has responded to Trump by issuing its own tariffs, but the nation has taken a more measured approach to the trade war,, an economist at the Peterson Institute for International Economics. While, with the newest announcement of tariffs, Trump will have slated duties for all Chinese imports, Beijing has not announced or levied duties on almost a third of goods that the U.S. exports to China.attend a bilateral meeting on the sidelines of the G20 Summit in Osaka, Japan, on June 29.
Gee! Why would Trump lie? I can’t imagine!
You can’t believe POTUS, WSJ .
Another one of his lies🤥🤥🤥
LiarInChief LiesLiesLies SummaCumLiar
BETTER super usa upon BEIJING CITY CHINA later we can discuss TRADE WARS & gimmicks ? happy birthday to MR JI XINPING CHINA PRESIDENT when ever his birthday & he better take FBI HELP us army help as u know SOME SON FUCKERS in INDIA political CAN BE HIS ENEMIES ? inr / aud / usd *
Trump lied Say it ain't so
They have no need to ... they pegged when the call from Trump would be ... and Trump came through. As he undoubtedly would ... easy read for the Chinese culture
You mean trump lied.......Again🤷♂️
The whole world knows realDonaldTrump is LiarInChief
Well china wouldn't lie Fake news
Oops. Wrong number. It was Somalia Trump called.
Tava demorando
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Trump administration was blindsided by Iranian Foreign Minister's surprise visit to the G7 SummitIran came on the French Government's invitation, but will not be meeting the American delegation as tension escalates between the two countries What?!! I thought he gave his permission!? Because the people that were setting up the meeting didn't tell him? Tells you more about them then it does about Trump.
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Stocks surge as Trump calms investor fears over his trade war with ChinaThe Dow Jones industrial average, Nasdaq composite, S&P 500 index all rose during US trading on Monday. Up and Down... Up and Down... Up and Down... Until he says or does something dopey & then down go the markets again...... Trump plays the stock market.
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Trump just said China wants to restart trade talks — and relieved traders are pushing markets higher'Trump's rhetoric, however, must be treated with the utmost caution,' says one analyst. But he is fucking lying, so traders are just as much to blame as Trimp for market volitility. China 🇨🇳 denies any call has taken place.
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Source: latimes - 🏆 11. / 82 Read more »
Joe: 'Trump blinks and he keeps blinking' in trade war with ChinaJoe Scarborough on President Trump’s trade war: 'He’s going to have to crawl on his hands and knees to China to try and get out of this crisis that he created.' JoeNBC And mostly, lying. JoeNBC At least Trump is trying. No one else did a damn thing except get screwed by China for 40 years JoeNBC realDonaldTrump is beside everything else, supremely unfit for the job. Repubs need to stop enabling this disaster for the good of Country and survival of GOP
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