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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

#251

Post by trhway »

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.

>He's turned the US stock market into the same model as China's - the entire up/down rests on the leaders words.

Not only stock market. The whole "Project 2025" point is to turn everything from the "rule-based" approach to "unitary-executive's-really-a-King's-whim" approach.

Just today - the export control or lack of it on specific Nvidia chips isn't really result of security needs of US, instead it is just a result of Jensen getting a dinner at Mar-a-Lago. Just like in Russia.

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

#252

Post by JKCalhoun »

4ndrewl wrote: post #218

Pulling stunts like this just makes the USA even less investable. Markets operating at the whims of a capricious King (is there even a functioning government right now?)

Yeah, pretty sure the markets will "re-adjust" from their good-news swoon when they realize nothing has really changed.

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

#253

Post by MaxHoppersGhost »

StormChaser_5 wrote: post #86

It's not like the tariffs are gone. It's still 10% for everyone but China. That only seems small in comparison to what was being proposed before. I wonder will EU and others wait out 90 days while negotiating or match the 10% in kind

EU has already had tariffs on US goods for a long time.

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

#254

Post by whimsicalism »

adamrezich wrote: post #226
whimsicalism wrote: post #77

Earlier quoted context omitted.

the lesson to be learned is we are all humans and should get rich together, not to lean further into tit-for-tat anti-globalization.

The Prisoner's Dilemma is a very easy game for everyone to win at if everyone cooperates. Unfortunately, everyone doesn't want to cooperate. It's a good idea to recognize and internalize this, as it's quite inherent to human nature, and won't be going away during any of our lifetimes.

It's not a prisoners dilemna because you also lose by defecting while everyone else is cooperating.

The thing to recognize and internalize is that the world is a lot more win-win than our psychology has been evolved to recognize. Nationalism, realpolitik, xenophobia - all of these are ideologies that make you poorer and worse off, not giving you some secret insight into the truth of human nature.

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

#256

Post by davidw »

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

That was part of the entire purported purpose of this lunacy. They went on TV and everything about having people operating robots screwing in iphone screws and stuff.

Whether anyone bought into it is another matter, but opening factories is part of what they said they wanted.

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

#258

Post by fortran77 »

tombert wrote: post #133
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.

The only way to know is to wait 3 months and see.

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

#259

Post by kylehotchkiss »

me2too wrote: post #169

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.

> How can his supporters appreciate all this - constant - chaos

A lot of people in USA felt they were entitled to their slice of the American dream, did not achieve it because we stopped building houses therefore you can't buy one on a high school education like our parents and grandparents did. Add in what appears to be somewhat of a collapse in people starting relationships/families and you suddenly have a massive segment of the population with little to lose.

I presume many on the HN community are insulated from this reality of life in USA.

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

#260

Post by amirhirsch »

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…

No one will make long-term investments in US manufacturing capabilities in response to policy that will revert in 4 years.
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