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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

#331

Post by xenospn »

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.

It’s now called just “trading”.

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

#332

Post by seanmcdirmid »

xnx wrote: post #106

So Trump destroyed the hard-earned 80-year history of the United States for strength and stability for what exactly?

Are we really going to not consider Trump really being a Russian Asset and this is just WAI (destroy America's credibility) as far as he is concerned? What else even makes sense at this point?

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

#333

Post by louthy »

trash_cat wrote: post #202
louthy wrote: post #182

Trump has now shown his hand. Even with the tariffs on China remaining, it’s clear that Trump will back down on any extreme positions he takes. So, expect the china tariffs to be backed off soon too (once he gets some concession that he can brandish as a win). In 3 months, sell your positions, let him play his stupid games and re-buy once he backs down, because he will. Or just hold and ride it out. 10% sounds like w…

> it’s clear that Trump will back down on any extreme positions he takes. That has always been the case with him. That's literally his negotiation tactic.

I think that’s a fair comment. The only reason why I was not entirely convinced that that would be the case is that tariffs seem to be one of the positions that Trump was truly ideologically bound to.

I couldn’t tell whether he would really go through with this or not. Now it’s clear he has no bottle at all. So weirdly is more of a comfort.

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

#334

Post by linguae »

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…

This reckless way of negotiating has a cost: our trustworthiness. The more recklessness Trump does, the more other nations will strongly consider naming some other currency the global reserve currency, such as the euro, the yuan, or something else, maybe even something new.

This isn't 1946 when the United States was heads-and-shoulders the most prosperous nation on earth, with most other developed countries having to rebuild. Other regions such as the European Union, China, and the bloc of East Asian democracies (Japan, South Korea, Taiwan) also have strong, competitive economies with a high standard of living for many of their residents. If they got together, it's possible that they could move to some alternative to the US dollar should they wish, and with Trump's bullying, this might just be the push.

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

#335

Post by everybodyknows »

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…

> other countries are kissing his ass

Notable exception: Xi Jinping. So it's a contest of wills. Trump vs. the man who enforced a "zero-Covid" lockdown on 1.4 billion people.

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

#336

Post by freetanga »

somanyphotons wrote: post #155
freetanga wrote: post #104

The stock exchange and the tariffs are not the battleground. Asia started dropping US treasury bills. 30 year bills reached a max in decades Trump blinked. Edit: this was front and center in Financial Times, WSJ three hours ago. Now suddenly pushed back, exchange rally being front page news. People don’t understand how close to financial apocalypse we have been. Somebody in the WH scared the shit out of Trump.

Do you have a link or article title for reading about the dropping of tbills

The scary part is that it has been scrubbed in many sites

https://www.ft.com/content/0005e091-930d-46ff-9e81-8591704a9...

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

#337

Post by Teever »

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.

It might be time for you and your family to consider moving to a more stable country.

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

#338

Post by tehjoker »

steveBK123 wrote: post #61

He's turned the US stock market into the same model as China's - the entire up/down rests on the leaders words. Which makes them fairly uninvestable.

The Chinese stock market is flat while their GDP rises because their economy is not based around the stock market. US economic management is entirely based around pumping the stock market.

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

#339

Post by rqtwteye »

jstummbillig wrote: post #159
skyyler wrote: post #126

Earlier quoted context omitted.

It's almost like the whole point is just to enable insider trading on a scale we've never seen before.

Is there any reliable instrument to find out? This seems so obvious, given the only alternative option seems to be believing they are completely insane.

Anybody who could investigate probably got fired. After the pardons of Blagojevich and the Nikola guy it’s pretty clear that scamming is ok now.

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

#340

Post by ghaff »

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.

As someone semi-retired, I was already reasonably conservatively invested. When all this kicked off dumped some more equities. Maybe I could have done a bit better waiting. Who knows? I know I’m happy being that much more liquid.
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