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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

#111

Post by outer_web »

carabiner wrote: post #8
bhouston wrote: post #2

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

I bought VOO and AMZN yesterday. First time buying an individual stock since pandemic. Kicking myself for not buying more. Still waiting a week to possibly buy more if there's another shock, but if the market's up, I'll buy less.

Be careful with Amazon, the algos seem to have not realized China is still being tariffed.*

* Observation valid for the next 30 seconds. Certain restrictions apply.

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

#112

Post by esalman »

thrance wrote: post #89
masijo wrote: post #51

So he's basically gaming the market with insider trading.

He literally did a pump and dump crypto scam on his first day in office. That he is a scam artist only motivated by personal wealth and power gain is obvious to any and all remaining sane individuals on this planet. Too bad the majority of American voters aren't.

He was doing similar stuff during his first term. It's just more blatant now.

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

#113

Post by readthenotes1 »

dboreham wrote: post #14
bhouston wrote: post #2

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

Actually you did have advance warning because there has been several days of wall-to-wall finance bro and republican heads on TV saying the tariffs were batshit crazy. Under those conditions there are only two outcomes: 1. the tariffs were rolled back or 2. Trump is removed from office (and the tariffs rolled back).

3. Carve outs are made for high dollar donors like AAPL (which went up with everything else even though it is now subject to an even more terrific tariff)

Trump's whole schtick was that #1 - - get countries to negotiate.

Except China. The USA gets 25% of it's bandages from there, and that's no way to prepare to defend Taiwan.

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

#114

Post by midtake »

valzam wrote: post #79
davidw wrote: post #33

One thing companies love is lots of uncertainty like this. It keeps their accountants entertained! "Maybe we should build a factory in the US" ... 24 hours later ... "well, not today". What's really amazing is all the muttering from "Very Important Wall Street" type people who are saying that he's insane. Like... with that kind of salary, weren't you paying attention? We've known he wasn't right in the head for a whi…

Absolutely no one was seriously considering building a factory in the US based on the insansity of last week

The market is huge. Absolutely someone was considering it. Whether they had time to put plans in motion is a separate matter altogether.

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

#115

Post by davidw »

UncleMeat wrote: post #95
davidw wrote: post #33

One thing companies love is lots of uncertainty like this. It keeps their accountants entertained! "Maybe we should build a factory in the US" ... 24 hours later ... "well, not today". What's really amazing is all the muttering from "Very Important Wall Street" type people who are saying that he's insane. Like... with that kind of salary, weren't you paying attention? We've known he wasn't right in the head for a whi…

The number of people who are paid to be "professional knower of things" and "professional predictor of things" who are now saying "I never could have predicted that Trump would do something as crazy as this" is just baffling. In a sane world all these people would be ignored by media outlets moving forward.

The media outlets are part of the problem. Lots of sanewashing and "both sides". Many of them also love "CEO says a thing" articles where they act as stenographers. You see that with a certain car company's wild promises.

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

#118

Post by Terr_ »

emseetech wrote: post #34
dboreham wrote: post #14

Earlier quoted context omitted.

Actually you did have advance warning because there has been several days of wall-to-wall finance bro and republican heads on TV saying the tariffs were batshit crazy. Under those conditions there are only two outcomes: 1. the tariffs were rolled back or 2. Trump is removed from office (and the tariffs rolled back).

Those aren't guaranteed. I do believe Trump is in danger of being removed if the economic damage of the tariffs becomes too great since the one thing truly sacrosanct in America is the economy. But the timeline would hardly be immediate. We'd have to go through considerable pain before the government would act.

> Those aren't guaranteed.

Yeah, if we lived in that world, Trump would have been removed from office during his first term for all the crimes.

It's worth noting that impeaching and removing Trump from office now would actually take fewer votes than the business of overriding the import taxes he's trying to impose with "Canadian fentanyl is scary" emergency powers.

As a big bonus, voting to remove him entirely leaves everyone far safer. He's gonna have a guaranteed tantrum of scorched-earth revenge no matter what you do, but this way he won't have official power to do it with.

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

#119

Post by nonethewiser »

steveBK123 wrote: post #61

He's turned the US stock market into the same model as China's - the entire up/down rests on the leaders words. Which makes them fairly uninvestable.

There are structural differences between the US and Chinese stock markets that remain unchanged. The policy changed but the relationship between the President and the stock market did not change.

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

#120

Post by outer_web »

thrownaway561 wrote: post #31
bhouston wrote: post #2

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

when the market dropped 1100 points in a day was the time to buy. Buy the DIP!!!

Uh if tariffs weren't paused it would have kept dipping.
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