The admin and china had some trade talks last week. There was

zip agreed to and very little progress made. The prez is trying to get China to deal in trade fairly so he suggested fri that they would put tariffs on more items that have not had them put on yet. China in retaliation told all of their companies and agencies to 100% stop buying US agricultural goods and devalued the yuan to get back at our prez. So the market is reacting as would be expected.

In response to this post by HokieSignGuy

Posted: 08/05/2019 at 3:15PM

Only look at WS if you want to 🤮 ** -- OXVT 08/05/2019 2:20PM

...sell Mortimer sell !... -- chumley 08/05/2019 3:10PM

Should have posted this last week. ** -- HokieSignGuy 08/05/2019 3:11PM

Don't be there if you can't be patient :) China squatted today and devalued ** -- grill to chill 08/05/2019 2:39PM

Anyone care to venture why China did this? -- HokieSignGuy 08/05/2019 3:11PM

To pass the cost of the tariffs onto their populations! Communist do that! ** -- grill to chill 08/05/2019 3:29PM

The admin and china had some trade talks last week. There was -- fordham 08/05/2019 3:15PM

Don't forget the other scare is that they want to buy Iranian Oil... -- Vtskier1 08/05/2019 5:24PM

So, the devaluing is ONLY against the dollar, and wouldn't change the value -- HokieSignGuy 08/05/2019 5:29PM

Good summary... I was wondering why China would do this to themselves.... -- HokieSignGuy 08/05/2019 3:21PM

Devaluing their currency makes their goods more attractive to -- GreenvilleVT 08/05/2019 5:17PM

China can play the long game due to their structure -- HokieAl 08/05/2019 3:53PM

Just the opposite. Their economy CAN'T tolerate the long game -- 133743Hokie 08/05/2019 6:02PM

I'm not sure of that...I think there is a sign of panic in the move -- Vienna_Hokie 08/05/2019 4:23PM

Somewhat yes but their economy is taking it on the chin during this -- fordham 08/05/2019 4:15PM

Yep, think (hope) we can do without the iPhoneX longer than they can grain ** -- RTFC 08/07/2019 9:29PM

Assuming you mean Wall Street, this is good if you are sitting on powder. -- CochraneResident 08/05/2019 2:33PM

Probably like a petulant child ** -- VTSnake 08/05/2019 5:42PM

The admin and china had some trade talks last week. There was

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