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

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

#261

Post by HarHarVeryFunny » Wed, Apr 09, 2025, 6:57 PM UTC

thuanao wrote: post #130

xnx wrote: post #106

So 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.

Could be (a bit) worse. Lyndon Johnson named his dick "jumbo", and on occasion would take it out in front of journalists etc.

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

#262

Post by pixelesque » Wed, Apr 09, 2025, 6:57 PM UTC

skyyler wrote: post #126

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…

It's almost like the whole point is just to enable insider trading on a scale we've never seen before.

https://bsky.app/profile/unusualwhales.bsky.social/post/3lmf...

Seems to show people knew it was going to happen a few minutes before he posted.

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

#263

Post by netsharc » Wed, Apr 09, 2025, 6:57 PM UTC

j_maffe wrote: post #93

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.

Idk Xi is much more consistent with the CCP than Trump is with anything.

It's amazing what Trump's accomplished for the US, isn't it.. he's dragged the country so fast downhill that China is looking more and more the better business partner.

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

#264

Post by [deleted] » Wed, Apr 09, 2025, 6:57 PM UTC

[deleted]

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

#265

Post by steveBK123 » Wed, Apr 09, 2025, 6:57 PM UTC

MaxHoppersGhost wrote: post #232

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.

Despite the media tantrum the market only dropped back to early 2024 levels at the most.

A president should not be essentially day trading the economy.

The volatility levels are unseen since Covid and GFC.

People’s livelihoods will be at stake soon enough.

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

#266

Post by whimsicalism » Wed, Apr 09, 2025, 6:57 PM UTC

anigbrowl wrote: post #185

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.

[flagged]

The thing about stupid policies that make us poorer is they are self-punishing. The same is true of unnecessary retaliation after a backdown.

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

#267

Post by c0redump » Wed, Apr 09, 2025, 6:57 PM UTC

java-man wrote: post #135

kart23 wrote: post #83

Earlier quoted context omitted.

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

How is this legal??

It’s not.

> For my friends, anything. For my enemies, the law.

- Oscar Benavidez, Peruvian dictator

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

#268

Post by thih9 » Wed, Apr 09, 2025, 6:57 PM UTC

Announce a controversial decision. See if it sticks. If not, claim it was a joke and you never meant that.

Drama, manipulation, and a US government tactic, all in one.

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

#269

Post by bee_rider » Wed, Apr 09, 2025, 6:57 PM UTC

midtake wrote: post #114

valzam wrote: post #79

Earlier 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 market is huge enough that the fact that something is being considered somewhere doesn’t mean much, right? If I consider building a factory in the woods, but I don’t have two pennies to clack together, does anybody hear it?

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

#270

Post by mwest217 » Wed, Apr 09, 2025, 6:57 PM UTC

some_random wrote: post #235

sampton wrote: post #138

Earlier quoted context omitted.

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

How though? Obviously there will be tariff evasion but doing so at scale is impossible.

Import to another country then the US?