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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

#341

Post by insane_dreamer »

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…

> Now is the ripe time, 90 days, to make a deal with the US and offer the best terms.

What terms? Remember, the tariffs were not reciprocal -- that was a boldfaced lie. They were based on trade imbalance. So what, Cambodia is supposed to pledge to buy ... what exactly? ... from the US in order to balance its trade?

The reason Cambodia or Vietnam have a trade imbalance is because US/other companies have factories there to produce the goods. You think those companies are going to set up garment and shoe factories in the US? With what labor?

The whole thing reeks of a shockingly inept understanding of global trade and economics.

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

#342

Post by hello_computer »

Animats wrote: post #315

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-...

Seems kinda crazy that so much power was ever vested in the president.

https://www.congress.gov/crs-product/R48435

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

#343

Post by [deleted] »

JackYoustra wrote: post #176
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.

Doesn't make much sense, if you're insider trading you profit more if you move one stock a lotlotlot vs all the stocks merely a lot.

[deleted]

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

#345

Post by seanmcdirmid »

loevborg wrote: post #26

The Chinese are warning their citizens about travel to the U.S. > China issued an alert warning its citizens and students of the potential risk of traveling in the U.S. and attending schools there. > > “Recently, due to the deterioration of China-US economic and trade relations and the domestic security situation in the United States, the Ministry of Culture and Tourism reminds Chinese tourists to fully assess the ri…

I have a trip to China on Saturday and I'm worried about:

a. Chinese retaliation. I don't think they are going to start arresting Americans, but it might get uncomfortable if I don't have my passport in the subway station.

b. American retaliation. My wife has a greencard, this is actually worrying me more than anything, although as far as I have heard so far, we should be OK.

Trip is still on. I'm really interested in how China has changed since I left 8 years ago.

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

#346

Post by stellalo »

pera wrote: post #320

- 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 int…

Luckily the founding fathers thought of this

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

#347

Post by mcphage »

nialv7 wrote: post #221
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.

Remember that "debunked" rumor tweet on Monday that created a market rollercoaster ride? The one that predicted exactly this? What the hell is even going on

> What the hell is even going on

What if the Stock Market was entirely converted to Meme Stocks?

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

#348

Post by brundolf »

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…

And who knows where his whims will go tomorrow

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

#349

Post by cyberax »

isleyaardvark wrote: post #311
Buttons840 wrote: post #234

Earlier quoted context omitted.

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.

Ah. So that's why it looks like the Groundhog day with the tariffs.
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