If anyone had advanced warning, you could have made a fortune today: https://www.marketwatch.com/livecoverage/stock-market-today-...
when the market dropped 1100 points in a day was the time to buy. Buy the DIP!!!
Catch the falling knife!
Trump temporarily drops tariffs to 10% for most countries
301–310 of 1001 posts
Re: Trump temporarily drops tariffs to 10% for most countries
#302Too 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…
Oh no. Stock isn’t risk free automatic gains?
I know that with RSUs etc people treat it that way. But no the risk is real.
Re: Trump temporarily drops tariffs to 10% for most countries
#303It'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.
Those amount to only around 3% on average.
Re: Trump temporarily drops tariffs to 10% for most countries
#304So 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.
>I'm more focused on upping my cash reserves and bracing myself for a recession.
I'm doing the same because I'm legitimately in fear of both economic troubles and/or losing my job as a result of all this uncertainty.
I have cut my personal spending to nearly zero aside from essentials and have been hoarding my money. It's the only sensible option when planning for one's future becomes impossible.
Re: Trump temporarily drops tariffs to 10% for most countries
#305Is it just the historical legacy of international trade that tariffs apply only to physical goods, but not to something like software-as-a-service subscriptions, digital media, or intellectual property?
As the latter categories are more representative of US exports, it would surely be an interesting escalation if other countries were to start including them in their “retaliatory” tariffs.
Re: Trump temporarily drops tariffs to 10% for most countries
#306Re: Trump temporarily drops tariffs to 10% for most countries
#307Earlier 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.
If this pattern holds (high tariffs on China, low tariffs everywhere else) there will be a booming industry of pass-through "factories" that receive shipments from China and then re-sell them as having come from Vietnam or some other intermediary country.
This exact thing happens frequently at scale. When countries put export controls in place on shipments to Russia recently, they had a sudden spike in exports to a number of countries known to re-ship products into Russia.
Re: Trump temporarily drops tariffs to 10% for most countries
#308Earlier 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.
Does the US Customs office have inspectors that go to Vietnamese factories and check that the factory exists, and that 51% of the assembly was actually performed there?
If not, what stops a Vietnamese shell company from sending "Vietnamese" goods through a port in China, or worst case, a port in Vietnam?
Re: Trump temporarily drops tariffs to 10% for most countries
#309So 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.
Think the hope and idea is there’s concrete agreements established before the 90 days are up
And if he has one of his McDiarrhea's, what's going to stop him from using that newest agreement as toilet paper?
Re: Trump temporarily drops tariffs to 10% for most countries
#310It'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.
* The EU has had comparatively very small and targeted tariffs on US goods for a long time
Just so we're all on the same page, instead of maga talking points.