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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

#311

Post by isleyaardvark »

Buttons840 wrote: post #234
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.

The President can only legally set tarrifs in an "emergency". Planning tarrifs 90 days out is really stretching the definition--I'm not holding my breath, but maybe the courts will uphold the constitution on this one?

Normally there are rules regarding how long an emergency can last. This is why, I kid you not, the Republican controlled Congress declared there are no more calendar days in this session of Congress. Every day is March 11. So they'll let him do it as long as he likes.

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

#312

Post by grandempire »

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?)

Do you recommend any alternative markets to be more investable?

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

#313

Post by microtonal »

spacephysics wrote: post #142
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.

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

Even if that was the idea, the agreements are worth less than the paper they are written on. He is boo-ing and shredding trade agreements that he made himself during his first term. He says one thing one day and the complete opposite the next day.

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

#314

Post by MaxHoppersGhost »

lawn wrote: post #166
thehappypm wrote: post #17

Earlier quoted context omitted.

[flagged]

There's a huge difference on charging tariffs on only cars and charging tariffs on everything.

They EU has a tariff on literally anything that comes in called the Commons Customs Tariff.

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

#315

Post by Animats »

Possibly because lawsuits challenging the power of the President to impose tariffs under the Emergency Economic Powers Act are underway.[1] GOP support for Congress taking back control of tariffs is building.[2] At some point, Congress or the courts will take his toys away.

[1] https://www.newsweek.com/trump-tariffs-hit-lawsuit-group-his...

[2] https://thehill.com/homenews/senate/5236142-congress-tariff-...

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

#316

Post by shadowgovt »

TheBlight wrote: post #239
nineplay wrote: post #217

My takeaway from what I've read and heard in the last few weeks is that his only actual motivation is to 'win'. He bragged yesterday that other countries are kissing his ass to negotiate deals on the tariffs. I think that was all he wanted, I think he now thinks that this whole tariff thing was a success and he's going to move on to the next crazy idea. The rest of us suffer for it, except for the sad portion of the…

[flagged]

Pre-orders in a lot of businesses have been paused because with the tariffs volatile, stores can't guarantee they won't lose their shirts if they promise product to customers that is later unaffordable to sell (or cannot be sold at that agreed-upon pricepoint).

China is also likely to continue selling off US treasuries; even if that wasn't an immediate way to disrupt the American economy by itself, it's a sound idea if their trust in the stability of the US as a sovereign nation has gone down. China is also, historically, the second-largest buyer and holder of US T-bills; if that changes, it will have consequences in terms of America's deficit.

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

#318

Post by knowaveragejoe »

MaxHoppersGhost wrote: post #290
yxhuvud wrote: post #148

10% 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.

* EU and many other counties have had comparatively small and targeted tariffs on the US for a long time

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

#319

Post by myko »

krapp wrote: post #236
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.

Only Republican Presidents get that kind of carte blanche. They would already be impeaching if it was a Democrat.

True, because if Democrats had an anti-American POTUS hell-bent on destroying the country they would be helping the impeachment process, not defending them

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

#320

Post by pera »

- April 7th: Spread rumours of a 90 days tariff pause which immediately triggers a market really, then claim it was "fake new", markets go down

- April 9th: "THIS IS A GREAT TIME TO BUY!!! DJT", then 4 hours later announce a 90 days tariff reduction, markets jump nearly 10%

This level of market manipulation orchestrated directly by a head of state is something you only see in totalitarian states.

The US is moving into a very serious situation. These people won't ever voluntarily leave the Oval Office.

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