Trump temporarily drops tariffs to 10% for most countries • Hacker News Board

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

#161

Post by sleepyguy » Wed, Apr 09, 2025, 6:45 PM UTC

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…

Markets are celebrating. How long before they realize that the China tariffs will destroy the profits of companies like Walmart, Apple, Dollar Store, Harbor Freight, etc, and a 10% tax hike on consumers across the board on all other imports? We are still headed for a recession, and the destruction from the greatest deal maker who ever lived will be lasting.

Let's not forget everything else he's doing because there is nothing good in the plan.

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

#162

Post by clodushid » Wed, Apr 09, 2025, 6:45 PM UTC

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.

US is the biggest consumer market, the most dynamic economy, and the wealthiest country in the world. No real world metric would ever implicate US as uninvestable. What this move is doing is making a few things very clear

1. US is decoupling full on from China. Any ally negotiating will have to show that they are not helping china to export, by putting up similar tariffs on China. Basically, declare your allegiance. And so far, no one has unexpectedly sided with China.

2. For the laggards who are waiting until the last seconds to move away from Chinese supply chain, trump is giving them more time but also telling them, hey it’s your last chance

3. Short squeeze for those who dare attack US economy

4. Navarros is the chief architect and his vision is aligned with trump to fully execute his plan. Just go read his book, he lays it all out

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

#163

Post by coldpie » Wed, Apr 09, 2025, 6:45 PM UTC

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.

> How are businesses supposed to plan anything in this environment?

Who cares? Business leaders & the politicians they helped elect are stripping the copper from the country. Whatever's left when they're done is someone else's problem.

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

#164

Post by behole » Wed, Apr 09, 2025, 6:45 PM UTC

bboygravity wrote: post #35

andrethegiant wrote: post #10

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Does the cognitive dissonance come bundled with the Chinese made red hat or is it sold separately?

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

#165

Post by jumpman_miya » Wed, Apr 09, 2025, 6:45 PM UTC

sampton wrote: post #138

Vivtek wrote: post #38

Threaten people with a 49% national sales tax, and suddenly they celebrate when it's only 10%.

It also makes it easy for Chinese manufactures to circumvent tariffs. Completely pointless theater for the MAGA crowd.

[flagged]

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

#166

Post by lawn » Wed, Apr 09, 2025, 6:45 PM UTC

thehappypm wrote: post #17

lysace wrote: post #7

My dream scenario: The rest of the world would band together and upper the mininum tariffs levels against US imports to 10% for 90 days.

[flagged]

There's a huge difference on charging tariffs on only cars and charging tariffs on everything.

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

#167

Post by outer_web » Wed, Apr 09, 2025, 6:45 PM UTC

slashdev wrote: post #43

doener wrote: post #15

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Textbook. His textbook. Art of the deal. He's not unstable, just very aggressive. He did have a plan. We can argue about the merits of his plan, but dismissing him and his advisors as stupid or insane is underestimating them.

Wait what's been accomplished except huge losses for people trading behind the curve?

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

#168

Post by harikb » Wed, Apr 09, 2025, 6:46 PM UTC

sethops1 wrote: post #150

mistrial9 wrote: post #134

Earlier quoted context omitted.

[flagged]

Literally anyone with a 401k is an investor.

I think GP remark was just a funny take on 'think of the children!'

https://en.wikipedia.org/wiki/Think_of_the_children

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

#169

Post by me2too » Wed, Apr 09, 2025, 6:46 PM UTC

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.

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

#170

Post by [deleted] » Wed, Apr 09, 2025, 6:46 PM UTC

NooneAtAll3 wrote: post #27

bgirard wrote: post #9

Earlier quoted context omitted.

Lots of stocks are up 10-15% instantly after this announcement. Curious if we'll get reports of suspicious options volume capitalizing on this information.

why do people still trust stock markets if manipulating them is that easy?

[deleted]