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

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

#271

Post by louthy » Wed, Apr 09, 2025, 6:58 PM UTC

sleepyguy wrote: post #161

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…

It’s clear the China tariffs (in their current form) won’t last the week.

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

#272

Post by me2too » Wed, Apr 09, 2025, 6:58 PM UTC

amanaplanacanal wrote: post #207

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.

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.

He literally created the emergency himself. What the hell. I can't understand how one of the most powerful countries in the world doesn't have a system in place to prevent the president to act like a dictator

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

#273

Post by robin_reala » Wed, Apr 09, 2025, 6:58 PM UTC

The best way to stay clear from this insanity is to divest from the US as much as possible / reasonable. It won’t help second-order effects, but it reduces your exposure.

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

#274

Post by seanmcdirmid » Wed, Apr 09, 2025, 6:58 PM UTC

layer8 wrote: post #222

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.

It seems unlikely that the next 90 days will remain calm and stable.

Ya, I don't know what Trump is going to do in the next 90 days, but it will probably not just be working on his golf game (although we can hope).

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

#275

Post by layer8 » Wed, Apr 09, 2025, 6:58 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.

How so? By lying about the country of origin?

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

#276

Post by affinepplan » Wed, Apr 09, 2025, 6:58 PM UTC

spacephysics wrote: post #177

insane_dreamer wrote: post #132

So, it was all a bluff? (As many people suspected it would be.)

It brought a large number of countries to the negotiating table, and shows he’s willing to execute on threats of keeping tariffs high for an individual country. Now is the ripe time, 90 days, to make a deal with the US and offer the best terms. The whole point of Trump is to leverage uncertainty, make an unrealistically high water mark, then go down from there (to a point thats still very favorable) This rationale ca…

stop normalizing this idiocy. there was no country that wasn't already willing to negotiate trade relations with the US.

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

#277

Post by tim333 » Wed, Apr 09, 2025, 6:58 PM UTC

Seldom a dull moment with the present government. He's still saying 125% on China so it's not back to normality. Also I guess the penguins still face 10%.

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

#278

Post by dcow » Wed, Apr 09, 2025, 6:58 PM UTC

jwilber wrote: post #187

spacephysics wrote: post #142

Earlier quoted context omitted.

Think the hope and idea is there’s concrete agreements established before the 90 days are up

What makes you think this? Separate, possibly unrelated question: what was trump’s goal when he created and rug pulled the Trump coin?

The fact that what they’ve been saying all along is that the goal of the reciprocal tariffs is to renegotiate with all countries for a more fair economic playing field. Many people aren’t so fickle as to just assume everything the party they don’t like is doing is insane and a big conspiracy to insider trade and ruin the world.

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

#279

Post by [deleted] » Wed, Apr 09, 2025, 6:58 PM UTC

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.

[deleted]

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

#280

Post by hervature » Wed, Apr 09, 2025, 6:58 PM UTC

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.

Exercising early only makes sense in some pathological examples that do occur but practically never happen. In general, very loosely, a put is worth something for the hedge plus the amount you could get for exercising it right now. Thus, if you want to exercise it right now, you just sell it and get the hedge premium.

Also, the current VIX is the same as January of 2020. If you believe the current state of the world is less certain than the outbreak of a global pandemic, I have some options to sell you.