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Trump temporarily drops tariffs to 10% for most countries

cnbc.com

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Re: Trump temporarily drops tariffs to 10% for most countries

#431

Post by rescripting »

grandempire wrote: post #329
Terr_ wrote: post #19

Earlier quoted context omitted.

Remember how every other President put their assets into a blind trust? Shit like this is why! It deterred them from firebombing the entire goddamn economy to make a buck for their friends and followers!

Trump is already a billionaire and is in his 70s. No explanation of his behavior in terms of gaining money makes sense.

You do not become a billionaire unless you have a pathological obsession with obtaining wealth. They have structured their entire lives, often at the expense of everything else, to increase their wealth. It isn't a goal, its a lifestyle. There is no number that is "enough".

Re: Trump temporarily drops tariffs to 10% for most countries

#432

Post by Hackbraten »

pb7 wrote: post #368
mtremsal wrote: post #131

Earlier quoted context omitted.

Many EU countries have done the same in recent weeks. This is less about putting diplomatic pressure, and more about warning people to avoid traveling to the US due to real danger.

There is no real danger so this is mostly diplomatic pressure.

Have you ever experienced being detained by CBP?

Re: Trump temporarily drops tariffs to 10% for most countries

#433

Post by throwaway48476 »

thfuran wrote: post #414
magicloop wrote: post #397

"It’s the T-bills wot dun it." That’s my read on why the U.S. just paused the global tariff hike to 10%. From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. Why? Because Uncle Sam has to refinance a mountain of debt this year, and the cost of that depends heavily on Treasury yields — especially the 10-year. That’s the rate that sets the tone for every…

That doesn't pass muster. If they had much interest in balancing the books, they wouldn't be ripping huge holes in revenue collection.

If they wanted to balance the books they'd print money and distribute it to US citizens.

Re: Trump temporarily drops tariffs to 10% for most countries

#434

Post by monero-xmr »

re-thc wrote: post #404
SpicyLemonZest wrote: post #174

Earlier quoted context omitted.

The administration has signaled that they expect to negotiate acceptable balance-of-trade deals with the US's Asian allies over the next few weeks. If that happens, I can see businesses being certain enough to make investments. Until then I'm bracing for a recession too.

> If that happens How does that help? The steel and auto tariffs are still in place. There are plans on tariffs for other industries. You'll be hit 1 way or another.

The idea would be that different parts of the supply chain would build factories in the US to avoid tariffs. Money collected on tariffs would be redistributed in the form of tax cuts.

The end goal would be 0% corporate and income taxes, funded with high tariffs. Over time the US re-industrializes.

Re: Trump temporarily drops tariffs to 10% for most countries

#435

Post by mrguyorama »

java-man wrote: post #135
kart23 wrote: post #83

Earlier quoted context omitted.

https://truthsocial.com/@realDonaldTrump/posts/1143082727259... > THIS IS A GREAT TIME TO BUY!!! - @realDonaldTrump today at 6:37 AM PST

How is this legal??

Dumbasses spent 50 years voting for Republican politicians who refused to hold their own accountable for things like outright fraud and crime.

Who would stop them? Certainly not their voters.

Re: Trump temporarily drops tariffs to 10% for most countries

#436

Post by nineplay »

everybodyknows wrote: post #335
nineplay wrote: post #217

My takeaway from what I've read and heard in the last few weeks is that his only actual motivation is to 'win'. He bragged yesterday that other countries are kissing his ass to negotiate deals on the tariffs. I think that was all he wanted, I think he now thinks that this whole tariff thing was a success and he's going to move on to the next crazy idea. The rest of us suffer for it, except for the sad portion of the…

> other countries are kissing his ass Notable exception: Xi Jinping. So it's a contest of wills. Trump vs. the man who enforced a "zero-Covid" lockdown on 1.4 billion people.

I like to believe that no other countries are kissing his ass and all the calls were from the few true patriots that are hiding out in his administration.

"Hello President Trump, I am the leader of Bigorgia. I know you are a big strong manly man and I will beg you to stop the tariffs please."

But I agree, Xi Jinping is a real strongman, not a sad old man with delusions of grandeur.

Re: Trump temporarily drops tariffs to 10% for most countries

#437

Post by opo »

WillAdams wrote: post #105
Terr_ wrote: post #19

Earlier quoted context omitted.

Remember how every other President put their assets into a blind trust? Shit like this is why! It deterred them from firebombing the entire goddamn economy to make a buck for their friends and followers!

I remember how Jimmy Carter had to sell the family farm because it was viewed as a potential conflict of interest and how Mitt Romney's father, when making his run, when asked for a single year of tax returns made them all public, arguing that a single year could easily be manipulated to show anything, and that only by seeing the entirety of multiple years could an accurate evaluation be made.

>I remember how Jimmy Carter had to sell the family farm because it was viewed as a potential conflict of interest ...

Are you sure you remember that? Jimmy Carter put his farm in a blind trust, he didn't sell it.

https://www.usatoday.com/story/news/factcheck/2023/02/24/fac...

Re: Trump temporarily drops tariffs to 10% for most countries

#438

Post by BJones12 »

0x5f3759df-i wrote: post #13
bhouston wrote: post #2

If anyone had advanced warning, you could have made a fortune today: https://www.marketwatch.com/livecoverage/stock-market-today-...

Like if the president had posted that “now is a great time to buy DJT” 15 minutes before announcing the pause?

Regardless of whatever happened today, it's never a good time to buy $DJT because 1) it's not profitable and 2) holders are slowly continually liquidating in a complicated manner explained by past Money Stuff articles.

Re: Trump temporarily drops tariffs to 10% for most countries

#440

Post by moogly »

kylehotchkiss wrote: post #259
me2too wrote: post #169

This man's absurdity never ceases to amaze me. How can his supporters appreciate all this - constant - chaos? Moreover, from the outside (European here), it looks like the US president can literally do whatever he wants without being subject to regulations or facing any consequences - pretty much like a dictatorship. No discussion, no parliament, no opposition taken into account. Crazy.

> How can his supporters appreciate all this - constant - chaos A lot of people in USA felt they were entitled to their slice of the American dream, did not achieve it because we stopped building houses therefore you can't buy one on a high school education like our parents and grandparents did. Add in what appears to be somewhat of a collapse in people starting relationships/families and you suddenly have a massive…

That explains one part of his base, but not the part that lives in McMansion suburbs.
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