The reality is that countries like spain have come out and said they need to move closer to China as USA is not a stable trading partner, within 24hrs of this Trump has back tracked, I'm sure MAGA will say this is all part of the mega master plan but at least to me its more the realisation this was turning into a car crash and he still has a window to somehow in trumps mind blame it all on the chinese
Trump temporarily drops tariffs to 10% for most countries
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Re: Trump temporarily drops tariffs to 10% for most countries
#202Trump has now shown his hand. Even with the tariffs on China remaining, it’s clear that Trump will back down on any extreme positions he takes. So, expect the china tariffs to be backed off soon too (once he gets some concession that he can brandish as a win). In 3 months, sell your positions, let him play his stupid games and re-buy once he backs down, because he will. Or just hold and ride it out. 10% sounds like w…
> it’s clear that Trump will back down on any extreme positions he takes.
That has always been the case with him. That's literally his negotiation tactic.
Re: Trump temporarily drops tariffs to 10% for most countries
#203[flagged]
Re: Trump temporarily drops tariffs to 10% for most countries
#204So 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.
I care?? Much of my family works in trades, have their own small businesses with employees and are very much subject to tariffs for their supplies. They did not vote for any of this.
Re: Trump temporarily drops tariffs to 10% for most countries
#205[flagged]
If social confirmation of your worldview is what you seek, you're certainly in the right place.
Re: Trump temporarily drops tariffs to 10% for most countries
#206Re: Trump temporarily drops tariffs to 10% for most countries
#207This 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.
Evidently Congress gave the presidency emergency powers to do what he wants with tariffs, all he has to do is declare an emergency. Just one more example of how Congress is completely broken.
Re: Trump temporarily drops tariffs to 10% for most countries
#208So 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.
We are in for this ride, at indefinite intervals, for the next 3.75 years. Well, unless congress grows a collective sack (unlikely) or President Trump comes to his senses on macro economics (past experience suggests this is impossible).
> How are businesses supposed to plan anything in this environment?
They cannot. This is how you can tell Trump was never a real businessman, but rather a TV host and a celebutante. I'd venture nearly all major American business, public and private, depend on stability in the American government. Trump's actions make it painfully clear he is not, and never was, really part of the "business" or "deal making" world.
Re: Trump temporarily drops tariffs to 10% for most countries
#209So Trump destroyed the hard-earned 80-year history of the United States for strength and stability for what exactly?
Apparently, for insider trading