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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

#351

Post by hydrogen7800 »

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…

From an article written in 1979:

>He once told me: “I won’t make a deal just to make a profit. It has to have flair.” Another Manhattan developer said it differently: “Trump won’t do a deal unless there’s something extra — a kind of moral larceny — in it. He’s not satisfied with a profit. He has to take something more. Otherwise, there’s no thrill.” [0]

[0]https://www.villagevoice.com/how-a-young-donald-trump-forced...

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

#352

Post by dcow »

thih9 wrote: post #268

Announce a controversial decision. See if it sticks. If not, claim it was a joke and you never meant that. Drama, manipulation, and a US government tactic, all in one.

Except they implemented the decision and are responding to countries’ willingness to negotiate fair trade terms, just like with Mexico. Nobody is saying “just joking”. If people weren’t 1000% dismissive of the leader’s stated intentions they might be able to follow along. It’s been crystal clear to me that the goal has always been to renegotiate trade terms not to live in a world with persistent reciprocal tariffs.

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

#353

Post by rqtwteye »

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]

People who are retired and don’t have multi million portfolios are certainly suffering. I bet this will kill off a lot of small businesses

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

#354

Post by AlecSchueler »

the_arun wrote: post #250
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?)

Without taking sides, what if we think this wasn't a stunt but a genuine experiment?

What's the difference?

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

#355

Post by brundolf »

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.

Or 4 days

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

#356

Post by insane_dreamer »

linguae wrote: post #334
spacephysics wrote: post #177

Earlier quoted context omitted.

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…

It's going to push the EU and China closer together -- exactly the opposite of what the USA should be trying to make happen.

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

#357

Post by mateus1 »

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…

It's direct wealth transfer to his supporters, paid by opponents and people who can't play the market...

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

#358

Post by croes »

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…

He also bragged that the tariffs bring 2 billions a day and the crowd cheered.

They do realize who pays that 2 billions?

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

#359

Post by mikeocool »

grandempire wrote: post #302
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…

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.

The US President intentionally crashing the market wasn't part of the risk profile until recently.

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

#360

Post by numpad0 »

midtake wrote: post #114
valzam wrote: post #79

Earlier quoted context omitted.

Absolutely no one was seriously considering building a factory in the US based on the insansity of last week

The market is huge. Absolutely someone was considering it. Whether they had time to put plans in motion is a separate matter altogether.

Cost differences by everyone's gut estimate is like >10^3 or however many digits. Tariffs are cheaper until it starts T2D3ing.
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