With today's rollback, the glitz and glam event - Liberation Day - held last week, was not really a Liberation Day? :-)
Trump temporarily drops tariffs to 10% for most countries
281–290 of 1001 posts
Re: Trump temporarily drops tariffs to 10% for most countries
#282Earlier quoted context omitted.
> 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.
> They did not vote for any of this.
Me either. I'm afraid you'll have to ask the people who did elect the copper thieves for an explanation.
Re: Trump temporarily drops tariffs to 10% for most countries
#283This 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.
That power is only supposed to last for some number of days before review by Congress. But Congress decided a day isn't a day anymore, at least for the rest of the year.
Re: Trump temporarily drops tariffs to 10% for most countries
#284Trump is like your father who overreacts to everything but changes his mind when he calms down. "You're grounded for a year!". 1 hour later. "Ok, you're not grounded. But you can't go out with your friend this weekend".
Re: Trump temporarily drops tariffs to 10% for most countries
#285Earlier 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.
They setup more factories in vietnam to assemble chinese parts. But this isn't really a thing they can do in 90 days.
Re: Trump temporarily drops tariffs to 10% for most countries
#286Earlier 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?
Because everything other investment is worse?
Re: Trump temporarily drops tariffs to 10% for most countries
#287[flagged]
I think he's well aware that the reasons he is giving for his actions make no sense. That doesn't mean he doesn't have a plan, he's just lying about it.
As for the actions themselves, they're pretty much his standard operating procedure:
> I think I can get away with bullying these people, so I will
When he talks about the existing agreements being unfair, he means that we have leverage that we're not using. The proposed tariffs are proportional to the trade deficit because the trade deficit is a reasonable proxy for how invested that country is in its economic relations with the US. You can extort more from somebody who is heavily invested, and less from somebody who is lightly invested. It's a classic protection racket, just on a sliding scale.
He's trying to look ignorant because it's at least a better look than showing the malice that actually drives him.
Re: Trump temporarily drops tariffs to 10% for most countries
#288Threaten 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.
Chinese manufacturers don't pay US tariffs, the entities importing the goods do.
Re: Trump temporarily drops tariffs to 10% for most countries
#289It'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.
Not as broadly to that extent though. Trump's tariffs are 10% of anything, so Europe will reciprocate in kind.
Re: Trump temporarily drops tariffs to 10% for most countries
#29010% is still a lot. Counter tariffs will still happen.
EU and many other counties have already had tariffs on the US for a long time.