So we celebrate 10% tariffs. Lol
Trump temporarily drops tariffs to 10% for most countries
121–130 of 1001 posts
Re: Trump temporarily drops tariffs to 10% for most countries
#122Announce tariffs, the buddies buy. Announce pause, the buddies sell. Someone just made a truckload of money.
The stock market got almost down to reasonable values based on price to earning ratios.
Nevertheless, it was still a good time to buy, and also a good time just to ignore it and go about your daily business.
Re: Trump temporarily drops tariffs to 10% for most countries
#123He'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.
This isn't a good example because a lot investors are (or were) looking at China recently.
You can look at China; however, if you invest in China you're assuming counterparty risk with Xi, as he can destroy any Chines company that he wants.
Re: Trump temporarily drops tariffs to 10% for most countries
#124He'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.
[deleted]
Re: Trump temporarily drops tariffs to 10% for most countries
#125The Chinese are warning their citizens about travel to the U.S. > China issued an alert warning its citizens and students of the potential risk of traveling in the U.S. and attending schools there. > > “Recently, due to the deterioration of China-US economic and trade relations and the domestic security situation in the United States, the Ministry of Culture and Tourism reminds Chinese tourists to fully assess the ri…
The citizens of other countries should be concerned too. Even short term plans could end badly for some disruptive measure Trump because whatever, as he did basically every week since he got in charge.
Re: Trump temporarily drops tariffs to 10% for most countries
#126Too late for everyone who spent massively on flying in stock ahead of the tariff deadline. Too late for those forced to sell financial assets in order to pay margin calls. Too late for those working on projects involving foreign manufacturers which have now been cancelled due to tariff uncertainty. Too late for those who lost sales while they figured out pricing. Too early for the people fundraising to build US manuf…
It's almost like the whole point is just to enable insider trading on a scale we've never seen before.
Re: Trump temporarily drops tariffs to 10% for most countries
#127Earlier quoted context omitted.
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.
The costs are huge too which makes the margin small
Re: Trump temporarily drops tariffs to 10% for most countries
#128So he's basically gaming the market with insider trading.
This is what immunity buys you.
Re: Trump temporarily drops tariffs to 10% for most countries
#129Earlier quoted context omitted.
[flagged]
39% on agricultural imports from the US. Lee Kuan Yew referred to Europe as "fort Europa" for a reason many decades ago..
We don’t want a race to the bottom when it comes to agricultural products. American products are cheap but they suck. Ours are better but more expensive. Making American crap expensive is good for us. That’s a good use of tariffs: avoiding flooding the market with inferior products at the cost of local made.
Re: Trump temporarily drops tariffs to 10% for most countries
#130So Trump destroyed the hard-earned 80-year history of the United States for strength and stability for what exactly?
Because he can, and because "owning the libs" is the whole modus operandi of the Republican Party that put him there. Seems obvious to me that the reason Trump uses tariffs is simply because that's the only tool available to him to exert his power.
Tariffs let him wave his dick around. Cutting taxes requires passing legislation. Raising other taxes requires passing legislation.