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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

#321

Post by listenallyall »

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…

> Too late for those forced to sell financial assets in order to pay margin calls

Yea, I want my president looking out for financial vultures leveraged to the hilt

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

#322

Post by arrrg »

amirhirsch wrote: post #260
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…

No one will make long-term investments in US manufacturing capabilities in response to policy that will revert in 4 years.

It’s worse than that. Everything leading up to this and this reversion right now is a perfect demonstration that the current US administration cannot be trusted and behaves in irrational ways. You cannot expect consistency and enduring policies. It’s all fickle and capricious. How are you supposed to do any planning with this?

This is all so obviously dumb and I’m frankly astounded by so many people (especially here on HN) playing devils advocate or, I don’t know, honestly believing that this all makes sense.

Even if you agree with the stated (also somewhat incoherent, by the way) goals why do you think this implementation can achieve any of that?

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

#323

Post by 9283409232 »

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.

Biggest pump and dump ever.

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

#325

Post by ryzvonusef »

On the one hand, this entire exercise has been (and continues to be) batship insane

....Otoh this is good in a meta sense, tells about the level of resilience of the capitalist system, I think we should treat this entire fiasco as one of those controlled forest fire sort of things.

Like...anytime someone tries to mention JIT or other corporate 'efficiency' nonsense, we can refer to these sort of shenanigans and shut them down.

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

#326

Post by acdha »

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.

You’ve been repeating that a lot but as many people have corrected you, they’re nothing like this broad or high: only 1%, and that’s balanced by the EU’s trade deficit on services since we don’t make things like good cars for Europe but they buy a lot of software, entertainment, etc.

https://ec.europa.eu/commission/presscorner/detail/en/qanda_...

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

#327

Post by werdnapk »

jeetoid wrote: post #67
lysace wrote: post #55

Earlier quoted context omitted.

*How can anyone take the US seriously? Also see: https://www.bbc.com/news/articles/c5yrr0e7499o > Confidence in the US economy is plummeting as investors dumped government debt amid growing concerns over the impact of Donald Trump's tariffs. > Governments sell bonds - essentially an IOU - to raise money from financial markets for public spending and in return they pay interest. > The US does not normally see high int…

Any reasonable person does.

And that's a problem... reasonable people now don't.

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

#328

Post by solid_fuel »

ProfessorLayton wrote: post #204
coldpie wrote: post #163

Earlier 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.

If they voted for Republicans, they did in fact vote for this. It doesn’t need to be like this, congress and specifically the Republican majority which controls it can act to reclaim the power of tariffs from the president _at any time_.

All of this chaos is specifically because they have chosen to be complicit instead of opposing the president. If you want the madness to stop, call your representatives. Speak to your family and ask them to do the same.

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

#329

Post by grandempire »

Terr_ wrote: post #19
bhouston wrote: post #2

If anyone had advanced warning, you could have made a fortune today: https://www.marketwatch.com/livecoverage/stock-market-today-...

Remember how every other President put their assets into a blind trust? Shit like this is why! It deterred them from firebombing the entire goddamn economy to make a buck for their friends and followers!

Trump is already a billionaire and is in his 70s. No explanation of his behavior in terms of gaining money makes sense.
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