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Are trade wars good and easy to win? [Copy link] 中文

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Post time 2018-10-11 06:07:49 |Display all floors
Donald Trump tweeted on Mar 2, 2018:

"When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!"

However, his unbridled optimism was dashed on October 11, 2018 when breaking news flashed on television:

"Dow sheds over 800 points (-831.83), worst drop since February.  Worst day for US tech stock since August 2011."

Donald Trump's infamous Hitler-style rabble-rousing chants:  "Lock her up!  Lock her up!"

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Post time 2018-10-12 06:23:58 |Display all floors
Another day of bloodbath in the stock market, or rather, "waterbath" -- very wet, from the standpoint of water.

Wall Street posts second day of steep losses, falling over 500 points (-545.91).

Instead of threatening he has "a lot more to do" on China trade, Trump should realise he has "a lot more to do" on his own country's economy, otherwise Wall Street can keep falling like "Trumpty Drumpty".

Sources:  moneydotcnndotcom and reutersdotcom
Donald Trump's infamous Hitler-style rabble-rousing chants:  "Lock her up!  Lock her up!"

Use magic tools Report

Rank: 6Rank: 6

Post time 2018-10-14 07:18:09 |Display all floors
If Wall Street is experiencing steep losses at the moment then this must mean that it has experienced steep gains in the past. Two sides to every coin as the Chinese would say, sometimes you win, sometimes you lose.

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Rank: 6Rank: 6

Post time 2018-10-14 07:18:21 |Display all floors
If Wall Street is experiencing steep losses at the moment then this must mean that it has experienced steep gains in the past.

Use magic tools Report

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