Trump's trade war with China is finally here -- and it won't be pretty, analysts say

[demmiblue]

BEIJING — Some said the day would never come, that it was all a bluff. But as the Independence Day fireworks cool in Washington, the eve of the trade war has arrived in China’s capital, where government leaders keep reminding people: We did not start this, but we will fight back.

President Trump’s first tariffs are scheduled to hit $34 billion of Chinese imports on Friday, and Beijing plans to swiftly respond with levies on an equal amount of goods. Border officers here could receive the order as early as midnight to slap new taxes on hundreds of American products, including pork, poultry, soybeans and corn.

And so would begin an unprecedented commerce battle between the world’s two largest economies — a conflict analysts fear could rattle markets, cripple trade and undermine ties between the United States and China at a time when the administration seeks Beijing’s cooperation on North Korea.

As the global business community watches the clock, China is moving to pin the fallout on Trump, framing the United States as a bully the Asian nation is forced to confront. A state media editorial this week called America’s “dictatorial bent” a global threat, while officials said China will “absolutely not” take the first swing.

https://www.washingtonpost.com/world/trumps-trade-war-with-china-is-finally-here--and-it-wont-be-pretty/2018/07/05/0e43048c-802c-11e8-b9f0-61b08cdd0ea1_story.html?utm_term=.673ed9df48ea&tid=sm_tw

[WhiteTara]

1. Watch who's shorting stocks and commodities

Wilbur Ross has had 5 big shorts so far in this. This is just a way for the oligarchs to snatch up the world on the cheap.

[mitch96]

2. "who's shorting stocks and commodities"

If you have a stocks or commodities that have a predictable swing you can make money on those trades.. If you have the ability to control those swings you can make a shit tonne of money. When I was "playing" the market there was a biomedical company that was predictable in it's up and downs. I shorted it a few times and made money. Not much money mind you but after expenses there was profit. Got bored and moved on but it is possible.
m

[WhiteTara]

3. but were you playing w/100s of thousands of dollars?

the whales and oddities are the players I'm thinking of--you know the old man who's name escapes me, sec of commerce. Ahh Wilbur Ross and his gang.

[mitch96]

4. YES That's why if you control the situation....

you put more money in and get more money coming out... Basically cheating...
m