Threaten people with a 49% national sales tax, and suddenly they celebrate when it's only 10%.
And China which accounts
for about 20% of our imports have 130% tariffs.
Trump temporarily drops tariffs to 10% for most countries
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Re: Trump temporarily drops tariffs to 10% for most countries
#362Too 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.
I believe that’s what is going on as well.
Re: Trump temporarily drops tariffs to 10% for most countries
#363i wonder why the rest of the world doesn't just come together for a while and stop trading / providing raw materials to the u.s. for let's say a year or so.
isn't this all just a huge pile of bluff poker?
Re: Trump temporarily drops tariffs to 10% for most countries
#364It's not like the tariffs are gone. It's still 10% for everyone but China. That only seems small in comparison to what was being proposed before. I wonder will EU and others wait out 90 days while negotiating or match the 10% in kind
If USA keeps 10% tariffs for everyone equally, why should we interfere? Serious question.
I believe that Trump is shaking things off, but his goal is to introduce a fixed "tariff" like a soft VAT.
He is just testing (and profiting with $$$$$) what happens when you do things like 30% there, 24% there, etc. But his long term goal is a fixed tax. In that context, who are we to judge them? We also have VAT on imports.
Re: Trump temporarily drops tariffs to 10% for most countries
#365Too 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.
And everything is still inflating in cost.
Re: Trump temporarily drops tariffs to 10% for most countries
#366The stock market today seriously reeks of insider trading. Most stocks were down pre-market, but suddenly went up at 9:30 when the big boys joined the trading. And that right after the announcement of further escalation with China. I was really wondering about that, but it seems clear in retrospect that some people were ahead of the curve by a few hours.
Re: Trump temporarily drops tariffs to 10% for most countries
#367This 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.
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From the outside, it looks like he's doing whatever he wants without control.
He starts to tell that everyone is maintained by the US - lol what?
He starts blaming Europe for being a parasite (thanks!) and treating Zelensky like everyone has seen live.
No one is telling him that his actions will have consequences for the US in their international credibility (gone) and relationships with partners (ruined)?
One day, he does a totally broken linear regression and applies no sense tariffs to every country in the world (no Russia - weird enough).
It's well known that tariffs are not a way to attract investment in your country - there's a lot of theory and historical examples that demonstrate that.
Moreover, it's just absurd to think that these kinds of actions are going to make American (!) corporations, now producing elsewhere, back in the US. No supply chain ready, lack of resources, ...
I don't know - it looks like a single man has too much power and no one around him is helping him make better decisions (for the country) in the long term. On the contrary, it looks like all the decisions are pretty much market manipulations in order to make some "friend" get some money.
But again, this is what it looks like from the outside - and it's quite worrying
Re: Trump temporarily drops tariffs to 10% for most countries
#368The 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…
Many EU countries have done the same in recent weeks. This is less about putting diplomatic pressure, and more about warning people to avoid traveling to the US due to real danger.
There is no real danger so this is mostly diplomatic pressure.
Re: Trump temporarily drops tariffs to 10% for most countries
#369[flagged]
That’s a term of endearment if you ask all your exiled prisoners.
Re: Trump temporarily drops tariffs to 10% for most countries
#370Earlier quoted context omitted.
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.
I wouldn’t pretend things that are outside my circle of influence are.