Day 936: Trump Just Blinked On His Trade War With China. So What’s Now? | The 11th Hour | MSNBC

Day 936: Trump Just Blinked On His Trade War With China. So What’s Now? | The 11th Hour | MSNBC


NIGHT.>>>WELL, GOOD EVENING ONCE>>>WELL, GOOD EVENING ONCE AGAIN FROM OUR NBC NEWS AGAIN FROM OUR NBC NEWS HEADQUARTERS HERE IN NEW YORK. HEADQUARTERS HERE IN NEW YORK. DAY 936 OF THE TRUMP DAY 936 OF THE TRUMP ADMINISTRATION. ADMINISTRATION. AND AS THE HEADLINE WRITERS PUT AND AS THE HEADLINE WRITERS PUT IT TONIGHT, THE PRESIDENT IT TONIGHT, THE PRESIDENT BLINKED. BLINKED. HE HAS APPARENTLY YIELDED TO THE HE HAS APPARENTLY YIELDED TO THE MARKETS AND JUST ABOUT ALL MARKETS AND JUST ABOUT ALL MEMBERS OF THE BUSINESS MEMBERS OF THE BUSINESS COMMUNITY AND HE’S BACKING OFF COMMUNITY AND HE’S BACKING OFF HIS THREAT ON TARIFFS ON IMPORTS HIS THREAT ON TARIFFS ON IMPORTS FROM CHINA. FROM CHINA. THEY WERE TO TAKE EFFECT IN JUST THEY WERE TO TAKE EFFECT IN JUST THREE WEEKS, BUT WOULD BE THREE WEEKS, BUT WOULD BE DELAYED NOW UNTIL DECEMBER 15th. DELAYED NOW UNTIL DECEMBER 15th.>>WE’RE DOING THIS FOR>>WE’RE DOING THIS FOR CHRISTMAS SEASON JUST IN CASE CHRISTMAS SEASON JUST IN CASE SOME OF THE TARIFFS WOULD HAVE SOME OF THE TARIFFS WOULD HAVE AN IMPACT ON U.S. CUSTOMERS. AN IMPACT ON U.S. CUSTOMERS. SO FAR THEY’VE HAD VIRTUALLY SO FAR THEY’VE HAD VIRTUALLY NONE. NONE. THE ONLY IMPACT, WE’VE COLLECTED THE ONLY IMPACT, WE’VE COLLECTED ALMOST $60 BILLION FROM CHINA, ALMOST $60 BILLION FROM CHINA, COMPLIMENTS OF CHINA. COMPLIMENTS OF CHINA. BUT JUST IN CASE THEY MIGHT HAVE BUT JUST IN CASE THEY MIGHT HAVE AN IMPACT ON PEOPLE, WHAT WE’VE AN IMPACT ON PEOPLE, WHAT WE’VE DONE IS WE’VE DELAYED IT SO THAT DONE IS WE’VE DELAYED IT SO THAT THEY WON’T BE RELEVANT TO THE THEY WON’T BE RELEVANT TO THE CHRISTMAS SHOPPING SEASON. CHRISTMAS SHOPPING SEASON.>>TRUMP’S OWN TRADE REP FILLED>>TRUMP’S OWN TRADE REP FILLED IN THE DETAILS. IN THE DETAILS. THE PRODUCTS AFFECTED INCLUDE THE PRODUCTS AFFECTED INCLUDE CELL PHONES, LAPTOP COMPUTERS, CELL PHONES, LAPTOP COMPUTERS, VIDEO GAME CONSOLES, CERTAIN VIDEO GAME CONSOLES, CERTAIN TOYS, COMPUTER MONITORS, CERTAIN TOYS, COMPUTER MONITORS, CERTAIN FOOTWEAR AND CLOTHING. FOOTWEAR AND CLOTHING. TARIFFS ARE PASSED ON TO TARIFFS ARE PASSED ON TO CONSUMERS WHO PAY THE COST. CONSUMERS WHO PAY THE COST. THE PRESIDENT HAS BEEN PUSHING THE PRESIDENT HAS BEEN PUSHING THE OPPOSITE NOTION THAT SOMEHOW THE OPPOSITE NOTION THAT SOMEHOW CHINA WOULD PAY FOR THE TARIFFS. CHINA WOULD PAY FOR THE TARIFFS.>>THEY’RE POURING MONEY INTO>>THEY’RE POURING MONEY INTO THEIR SYSTEM. THEIR SYSTEM. THEY POUR IT IN. THEY POUR IT IN. AND BECAUSE THEY DO THAT, YOU’RE AND BECAUSE THEY DO THAT, YOU’RE NOT PAYING FOR THOSE TARIFFS, NOT PAYING FOR THOSE TARIFFS, CHINA’S PAYING FOR THOSE CHINA’S PAYING FOR THOSE TARIFFS. TARIFFS.>>OUR PEOPLE HAVEN’T PAID, SO>>OUR PEOPLE HAVEN’T PAID, SO WE’RE TAKING IN MANY BILLIONS OF WE’RE TAKING IN MANY BILLIONS OF DOLLARS. DOLLARS.>>WE’RE TAKING IN BILLIONS AND>>WE’RE TAKING IN BILLIONS AND BILLIONS OF DOLLARS FROM CHINA. BILLIONS OF DOLLARS FROM CHINA.>>THEY’RE PAYING US BILLIONS>>THEY’RE PAYING US BILLIONS AND BILLIONS OF DOLLARS OF AND BILLIONS OF DOLLARS OF TARIFFS, WHICH IS FINE WITH ME. TARIFFS, WHICH IS FINE WITH ME.>>HERE’S HOW OUR FRIENDS OVER>>HERE’S HOW OUR FRIENDS OVER AT THE ASSOCIATED PRESS PUT IT AT THE ASSOCIATED PRESS PUT IT TONIGHT. TONIGHT. QUOTE, BY DELAYING HIGHER QUOTE, BY DELAYING HIGHER TARIFFS ON CONSUMER GOODS, TRUMP TARIFFS ON CONSUMER GOODS, TRUMP IS TACITLY ACKNOWLEDGING HIS IS TACITLY ACKNOWLEDGING HIS IMPORT TAXES STAND TO SQUEEZE IMPORT TAXES STAND TO SQUEEZE AMERICAN HOUSEHOLDS. AMERICAN HOUSEHOLDS. TRUMP’S ONGOING TRADE WAR WITH TRUMP’S ONGOING TRADE WAR WITH CHINA HAS HAD A CONSISTENT CHINA HAS HAD A CONSISTENT IMPACT ON THE ECONOMY AND THE IMPACT ON THE ECONOMY AND THE STOCK MARKET WHICH HAS DROPPED STOCK MARKET WHICH HAS DROPPED WITH EACH OF HIS PREVIOUS WITH EACH OF HIS PREVIOUS ANNOUNCEMENTS OF TARIFFS. ANNOUNCEMENTS OF TARIFFS. TODAY STOCKS ROSE AFTER HIS TODAY STOCKS ROSE AFTER HIS ANNOUNCEMENT THAT HE’S DELAYING ANNOUNCEMENT THAT HE’S DELAYING SOME OF THE TARIFFS, BUT THERE SOME OF THE TARIFFS, BUT THERE REMAINS UNCERTAINTY ABOUT OUR REMAINS UNCERTAINTY ABOUT OUR ECONOMY. ECONOMY. POLITICO REPORTS THERE ARE POLITICO REPORTS THERE ARE CONCERNS ON WALL STREET ABOUT CONCERNS ON WALL STREET ABOUT GROWING RECESSION WARNINGS AND GROWING RECESSION WARNINGS AND THAT, QUOTE, OVER JUST THE LAST THAT, QUOTE, OVER JUST THE LAST FEW DAYS, ECONOMISTS AT GOLDMAN FEW DAYS, ECONOMISTS AT GOLDMAN SACHS, MORGAN STANLEY, BANK OF SACHS, MORGAN STANLEY, BANK OF AMERICA ALL WARNED THAT TRUMP’S AMERICA ALL WARNED THAT TRUMP’S BITTER TRADE WAR WITH CHINA IS BITTER TRADE WAR WITH CHINA IS TAKING A BITTER — BIGGER BITE TAKING A BITTER — BIGGER BITE OF ECONOMIC GROWTH THAN OF ECONOMIC GROWTH THAN EXPECTED. EXPECTED.>>>TODAY TRUMP SEEMED TO HOPE>>>TODAY TRUMP SEEMED TO HOPE THAT SOME SORT OF TRADE DEAL THAT SOME SORT OF TRADE DEAL WITH CHINA COULD BE REACHED, BUT WITH CHINA COULD BE REACHED, BUT BEIJING IS DEALING WITH A BIT OF BEIJING IS DEALING WITH A BIT OF A DISTRACTION RIGHT NOW IN HONG A DISTRACTION RIGHT NOW IN HONG KONG. KONG. MORE ON THIS POTENTIALLY MORE ON THIS POTENTIALLY MONUMENTAL STORY AHEAD FOR US MONUMENTAL STORY AHEAD FOR US THIS HOUR. THIS HOUR. IN THE MEANTIME, TRUMP TODAY IN THE MEANTIME, TRUMP TODAY WENT TO PENNSYLVANIA TO TALK TO WENT TO PENNSYLVANIA TO TALK TO WORKERS AT A SHELL CHEMICAL WORKERS AT A SHELL CHEMICAL PLANT TO REASSURE THEM ABOUT HIS PLANT TO REASSURE THEM ABOUT HIS HANDLING OF THE ECONOMY, BUT THE HANDLING OF THE ECONOMY, BUT THE EVENT CAME OFF A LOT MORE LIKE EVENT CAME OFF A LOT MORE LIKE ONE OF HIS RALLIES. ONE OF HIS RALLIES.>>AND I PUT A LITTLE THING>>AND I PUT A LITTLE THING CALLED A 25% TARIFF ON ALL OF CALLED A 25% TARIFF ON ALL OF THE DUMP STEEL ALL OVER THE THE DUMP STEEL ALL OVER THE COUNTRY. COUNTRY. AND NOW YOUR BUSINESS IS AND NOW YOUR BUSINESS IS TLIEMING. TLIEMING. I DON’T KNOW WHO IS GOING TO I DON’T KNOW WHO IS GOING TO WIN, BUT WE’LL HAVE TO HIT WIN, BUT WE’LL HAVE TO HIT POCAHONTAS VERY HARD AGAIN IF POCAHONTAS VERY HARD AGAIN IF SHE DOES WIN. SHE DOES WIN. BUT SHE’S STAGING A LITTLE BIT BUT SHE’S STAGING A LITTLE BIT OF A COMEBACK. OF A COMEBACK. WHAT A GROUP, POCAHONTAS AND WHAT A GROUP, POCAHONTAS AND SLEEPY JOE. SLEEPY JOE. [ LAUGHTER ] [ LAUGHTER ] I DON’T THINK THEY GIVE A DARN I DON’T THINK THEY GIVE A DARN ABOUT WESTERN PENNSYLVANIA, DO ABOUT WESTERN PENNSYLVANIA, DO YOU? YOU? THIS THING IS COSTING ME A THIS THING IS COSTING ME A FORTUNATE BEING PRESIDENT. FORTUNATE BEING PRESIDENT. IT’S PROBABLY COSTING ME FROM 3 IT’S PROBABLY COSTING ME FROM 3 TO 5 BILLION FOR THE PRIVILEGE TO 5 BILLION FOR THE PRIVILEGE OF BEING — AND I COULDN’T

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100 thoughts on “Day 936: Trump Just Blinked On His Trade War With China. So What’s Now? | The 11th Hour | MSNBC”

  • Zennoix riel3620 says:

    So China's still making your Christmas gifts, America? I thought it's the elves throughout my entire life. Well China should give those jobs back to the elves.

  • China communist regime is a liar and can't be trusted. It always stabs the innocents from the back in the last moment. It harvests organs from live Falun Gong people and what can't it do to HK?

  • Thom Robitaille says:

    That 60 billion dollars was an import tax, collected from importers of Chinese goods and passed on in higher prices to the end consumer. If the tariffs didn't affect consumer prices, why defer their implementation? How is it so hard for some to reason their way through Capt'n Bonespurs' lies?

  • Trump just admitted tariffs are a tax to the american consumer ……. did you hear that USA ? You're paying more because of Trump and his policies.

  • "Trump Blinks" showing that tariffs cost us the American People and so he canceled them for Christmas ! And by doing to save the stock markets from freefall is actually TRUMP being a Currency Minipulator. He's just an all around LOSER has done Nothing on N. Korea , Nothing on Russia, Nothing on his Wall, Nothing on Health Care, Nothing on Tax Relief for the masses only the Rich , NOTHING on the weapons of WAR KILLING our CHILDREN, Nothing nothing nothing !! JUST LIES AND they have the nerve to blame Democrats !!!

  • Funny how he is talking about the cost burden to American consumers now after all of his administration idiots were sent out to deny it.

  • trump’s playing "tough guy" trading games with the US’s largest debtor nation with considerable global financial clout is perilous stuff. He is playing with fire when he naively and recklessly blacklists and imposes tariffs willy nilly. Already Chinese investment in the US has plummeted by nearly 90 percent since trump took office (notice how FOX news ignores these things). As these developments mount a consequential disastrous effect on the eonomy at some point is imminent and will be well beyond the grasp of the stable genius to manage let alone control.

  • LMFAO christmas , that because corporations get 40% of their profit from the holidays , and how many billions did they steal from the america people claiming it was from china

  • Those billions and billions covered the billions of tax cuts , which means the american people paid double for the tax cut

  • So manipulating one's currency is a big no-no, but manipulating one's stock market is not?
    BTW, how much less will you personally buy at Christmas time, because you/we have paid collectively $60,000,000,000 in import taxes ( minus ~$20,000,000,000 to US farmers) to the US government for Trump's trade war with China?

  • Red China needs to be broken up permanently. Increase African and middle eastern immigration now into Red China to save the world from Han racist nationalism forever..

  • This is how we are paying for those tax cuts……..and the republicans are screaming for more tax cuts……!!!! (at consumers expense)……

  • If Trump doesn’t raise Tariffs China should raise the price of goods. That will kick the Don right out of the Whitehouse

  • 60billions from China, paid by American. How dump American can be? He just made the tax collection looks totally legal and victimised China.. hahaha

  • Next he will said US is winning and winning the trade war and americans were having a good life, especially the farmer's, the farmer's got their subsidies, then the 16 billion windfall and last but not least the farmer's get to keep all their farm produce for themselves. The farmer's sure a lucky lots.

  • Is it my imagination…or is the jellyfish/weasel hybrid on Trumpkins head getting bigger and more in control? Lock up Jellyfish. And lock up windmills .

  • anyone else notice a stark difference between trumps crowd enthusiasm from 2016 and now? im please to see that trump supporters CAN be swayed when trump hurts americans

  • …new Republican rock band: * Donald J and the Dysfunctionals * – amusing name to some – but not so much to others – considering this 'band' occupies the highest office in the United States of America and represents ALL Americans…time to wake up !?!

  • If the customer s don't pay for the tariff,why you care about the seasonal shopping now. Trump doesn't know what he is talking.

  • Do they always have to ask important questions with the helicopter noise in the back ground?!? or they do that to protect the orange clown in case he runs at the mouth like he usually does??

  • I completely doubt with American EQ. I just have a intuition that, whatevet Trump speaks to make US market rise and fall are just a motive to create opporrunities to allow his family making money in the US share market deficits during these periods. Why nononononobody ever investigate on how his family made a lot of money during China-US trade war?😰

  • Why would US need to exempt toys from Christimas, when China's paying for the tariffs? Lmaoooooooo Trump a moron, we Chinese know, we bad because its gonna hurt America, but… You giys voted for him so..

  • OMG, he is such a liar. How can anyone fall for his ridiculous claims? This presidency hasn't cost him a cent, in fact, quite the opposite. He's getting richer on the back of America. I've never been so disgusted.

  • lily's opinion says:

    He is the most stupid person that walks this world why can he not understand the people are paying his tariffs. OMG how can he be soooooo FREAKING Stupid

  • FalconNewsreel says:

    His audience was not laughing when he insulted Warren and Biden. They were wondering about Trump presidency. Trump is a jerk.

  • I said trump would cost USA peoples , hard times are coming,, people,, now you have to remove trump, he's trying to bring America to a deep depression,,,,,,,

  • I believe no matter how bad the relationship between USA and China, they are the world largest economy distributor and gainer.

    USA and China will keep in the dominant position of the world political system as well as rely each other to maintain the world economy healthy and political peace.

    The cold war won’t happen between USA and China, otherwise, the world economy will suffer a devastating crisis which no country expected to be happen.

    Short term market up and down is a normal trend and it will be go up again while good news came up.

  • Mike Burglehaus says:

    China is falling off a cliff. The U.S. is getting stronger. China needs the world, it is not the other way around. We stop buying and they start dying. ( Economically speaking )

  • Zhuang Wen Sun says:

    Though this joker keep saying china is the one that pay the tariffs ? Hahahha come Donald trump , being it on ! Your people are rich Hahahaha

  • Varekai Ascendant says:

    He wanted to run this nation like a Business. Let's see how well he did at Business.
    “most of the people I know that are successful really don’t take vacations.
    Gee, was he on vacation when these failures occurred?

    DONALD TRUMP 22 FAILED BUSINESSES:
    1) Trump Taj Mahal Casino
    2) Trump Castle Hotel & Casino
    3) Trump Plaza Casino
    4) Trump Plaza Hotel
    5) Trump Hotels & Casino Resorts
    6) Trump Entertainment Resorts.
    7) Trump Airlines
    8) Trump‘ The Game ( Renamed the Apprentice which failed too)
    9) Trump beverages ( bottled water)
    10) Trump casinos
    11) Trump magazine
    12) Trump Mortgage
    13) Trump Steaks
    14) Trump's travel site
    15) Trump's communications company
    16) Trump Tower Tampa
    17) Trump University
    18) Trump Vodka
    19) Trump Modeling Agency
    20) Donald Trump Vitamins….etc
    21) The New Jersey Generals football team
    22) The Tour De Trump bike race.

    http://time.com/4343030/donald-trump-failures/

  • "Doing it for Christmas"….thanks Don…we know you care….about only one..yourself. These easy trade wars are filling your stocking dude..China is somehow paying the tariffs, Mexico is paying for the wall…yup…ocean views on sale again in Oklahoma…you are so busted, failing and deflecting the crap you have put out…pathetic. trump went to PA….one more rally, hidden behind one more lie… him being there to talk truth about jobs, security and the future…All one big con job

  • Trump is stupid. His kids, stupider. His base, stupidest. Happy that so many special kind of stupid are in USA. Please stay there.

  • 我认为你们的总统挺不错,傻的可爱😊,鬼都知道谁会为贸易战买单,中国会受伤,但是我们更能抗,我们有世界上最高的储蓄率,绝对能支撑到你们先撑不住,你把关税加到100 也无所谓

  • Trump is bringing America down. He will try his best to do what his employer Putin ordered him to do which is mainly destroying our country.

  • trump such a liar , American people has been paying the tariffs. did you see that Asian lady behind him? she is NOT a steel or chemical plant worker just by looking at her face.

  • Trump is trying to convince his base that they are not paying for the tariffs. What a liar! A tariff is a tax on an import that the consumer pays!

  • Day 936 of the Trump Occupancy of our Country. Elections in 2020 can't come soon enough. Remove and Incarcerate this fool!

  • The American people are so pathetic that Trump makes his people play like fools. Making the poor poorer and the rich richer is the first goal of any president, but Trump is playing too hard.

  • Hey! Everyone, I am gonna share with you the most interesting side story from this trade war, at least for so far
    Remember on 30 July, the US China meeting in Shanghai? The one that didn't carry out any result? And China didn't even care to talk about it?
    Actually, it is a cool story, China just told American his mind, in the meeting room, the poem on the background wall, check these out

    http://blog.dwnews.com/post-1150299.html
    http://www.sohu.com/a/331949655_570238
    https://xw.qq.com/cmsid/20190805A05MYC00

    The background! It is a poem, it is actually the poem that telling US the truth:
    云来山更佳,云去山如画,山因云晦明,云共山高下…
    If the cloud arrived, the mountain will looks better
    If the cloud gone, the mountain will still as beautiful as a painting.
    The cloud around the mountain making both the shining light and the dark shadow (unstable)
    From far, the cloud and the mountain looks are on the same height.
    (sorry if the translation is not good)
    anyway, the mountain is China and the cloud is American,
    it means if you are the trouble maker, yet you are so inconsistency like you have no idea what you actually want. If you want to talk, we talk, then we both get better, if you dont want to talk, well, wont hurt us.
    and actually the later part of the poem is , 倚杖立云沙,回首见山家
    there is even cooler
    (I am ) the traveler in this long journey holding the hiking stick, among the cloud, watching the mountain from far
    when I turned my head, I always see my home on the mountain

    lol when US mainstreams were talking about the meeting, the Chinese were talking about this poem and making fun out of it, what a interesting world we are sharing.

  • Putting Trump's response in context: (Always predictable and according to the book)

    1.Trump's strategy is to define a 'problem' according to his definition. HE frames the problem with his choice of words to describe it or not.
    2. Trump creates the environment and context of 'problems'.
    3.Trump sets the agenda how the 'problem' should be solved eg the talking points, time frame, what, when, where, how, who.
    4. Trump isn't really interested in solving the 'problem' that he originally created — it is his playground.
    5. Unexpected and real problems are framed and described as not being problems.
    6. Trump's whole regime is subservient to him as he has effectively silenced dissent and alternative opinions with ' you are fired' via his tweets. Yes-men surround him.

  • China it seems is winning the trade war because China doesn't play the rule that a democratic country would. China is a totalitarian communist country and it has it's own rule and it plays to win , it doesn't care about the rule as long as it wins.

  • he knows that if tarrifs affect Christmas buying power he will lose the election, that's the reason why he's doing this…and that's all. the people standing behind him do not look impressed, he needs to stop talking down to the American people -it's insulting

  • So… "taxes are benefiting us, but I'm going to postpone them in case they hurt us." And somehow, that will make sense to deplorables… that's crazy.

  • Cancun American says:

    DRUMPF likes to call both sides of the Coin-Toss!
    #Lie4Ever 🤥 #AlwaysCheat 👀
    DRUMPF is now saying that, he never said that 🇨🇳 was going to be easy.
    The Flip-flop 🚆 is never late!
    #WTF ⁉️🇺🇸🤦🏽‍♂️

  • I'm not an economics major, but it seems the trade war would produce lots of U.S. jobs for the trades-type workers, to refurbish factories, in order to replace all those Chinese imports that have tariffs. 10% is just a gradual continuation of the tariffs, as it'll take time, if all the imports were replaced domestically. And more factory jobs. So, a recession in China maybe, but not in U.S., if it's handled right.

  • Break down for idiots:
    US N CHINA goes to school US write the paper do the research China steals it n present it first n gets credit while US get blame for coping
    ~I hope that make sense

  • Among all of those foreign creditors to which America owes money, China led the way at $1.17 trillion, followed by Japan, at $1.07 trillion as of January 2018. While Japan's 4.8% ownership of the U.S. debt is only slightly less than China's 5.3%, the Japanese-owned debt is rarely depicted in a negative light, as is China's.
    China's position as America's largest banker gives it some political leverage. Now and then, China threatens to sell part of its debt holdings. It knows that if it does, U.S. interest rates would rise, slowing U.S economic growth. China often calls for a new global currency to replace the dollar, which is used in most international transactions.

  • I see many trump haters here.. Watch the video -timing is everything,the economic plan behind the plan.. You'll understand why he is awesome.

  • China has always been patient. And smart. Macao and Hong Kong were allowed to exist with their blessings. Hong Kong was surrendered after the British caved. The Chinese are the true art of the deal. They deny democracy, and are patient. The Donald is no match…. His deal's always end up in bankruptcy. He has no patience , as he only 'thinks ? In the present. He doesn't grasp the future. And is therefore a buffoon., and a toy to be played with , a little fellow with too much wind.

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