Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Trump temporarily drops tariffs to 10% for most countries

cnbc.com

Post reply on HN
Print view View original

131–140 of 1001 posts

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

#131

Post by mtremsal »

loevborg wrote: post #26

The 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…

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.

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

#133

Post by tombert »

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…

At this point, I do wonder if long-dated (2-3 months) American-style Puts are a good idea.

The weirdness of this administration has created a lot of volatility. With American-style options you are allowed to exercise early, so if you think there's going to be a ton of ups and downs in the next few months, I wonder if this could be lucrative.

I might try this just as an experiment with one of the cheaper options.

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

#134

Post by mistrial9 »

fancyfredbot wrote: post #107

Too 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…

[flagged]

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

#135

Post by java-man »

kart23 wrote: post #83
bhouston wrote: post #2

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

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

How is this legal??

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

#136

Post by guelo »

ProfessorLayton wrote: post #42

So we're all in for another ride like this in 3 months? How are businesses supposed to plan anything in this environment? As nice as this surge is, I'm more focused on upping my cash reserves and bracing myself for a recession.

Why cash when inflation is coming?

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

#139

Post by cmrdporcupine »

freetanga wrote: post #104

The stock exchange and the tariffs are not the battleground. Asia started dropping US treasury bills. 30 year bills reached a max in decades Trump blinked. Edit: this was front and center in Financial Times, WSJ three hours ago. Now suddenly pushed back, exchange rally being front page news. People don’t understand how close to financial apocalypse we have been. Somebody in the WH scared the shit out of Trump.

You will never convince any of his apologists that this is the case.

His first round with Canada back in February, and MAGA insisted "he won"

Then came back and tried the same thing again two months later. Same response from the Canadian side. Same slight backing off, reorganizing, but confusion, and nobody seems to actually know which tariffs apply and which do not.

It sounds now like 10% for the whole world, but still 25% steel and aluminum and other tariffs on Canada, the US's biggest trading partner and customer? How insane is that?

They're "flooding the zone" with confusion and chaos, and making money in the process. Anybody who wants to maintain power and influence and money has to get close to him, avoid criticizing him, and then they get the inside scoop.

It's mafia level crap.

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

#140

Post by bllguo »

fifilura wrote: post #53
loevborg wrote: post #26

The 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…

[flagged]

yea the government is scaring them, not anything the US is doing. sure. the mental gymnastics know no bounds
Post reply on HN