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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

#371

Post by nilkn »

arrrg wrote: post #322
amirhirsch wrote: post #260

Earlier quoted context omitted.

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…

I believe the point is power, and from that lens everything makes perfect sense. Trump is exercising available levers of global influence -- for good or for bad -- in a way that hasn't occurred since Hitler initiated World War II.

Tariffs are appealing to him because they are incredibly forceful blunt instruments over which he alone has almost complete control. They give him immense, immediate influence over the entire world. What we're seeing is that the US President today, if the full capacities of that office are pushed as far as possible without violence, is arguably one of (if not the) most powerful human beings ever.

Beyond this, Trump has said that one of his greatest weapons is uncertainty. He wants to be feared. Having people genuinely afraid of you is the next step of power that he is already flirting with by posting videos of people being blown up in warfare on social media.

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

#372

Post by orangecat »

me2too wrote: post #169

This 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.

How can his supporters appreciate all this - constant - chaos?

"Burn it all down" is popular on both the far right and far left.

it looks like the US president can literally do whatever he wants without being subject to regulations or facing any consequences

Yes, presidents have been given far too much power to do whatever they want by declaring a fake "emergency". It's inexcusable that Congress hasn't put a stop to this.

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

#373

Post by grandempire »

doctorwho42 wrote: post #365
grandempire wrote: post #302

Earlier 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.

And everything is still inflating in cost.

Source?

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

#374

Post by tucnak »

bmandale wrote: post #181
tucnak wrote: post #144

Earlier quoted context omitted.

When you say "buddies" what you really mean is "banks", "hedge funds" and "people to whom it was obvious that announced tariffs were bonkers". If you had the foresight and market sense, you could have made money, too. But you were scared, sold low, and now when it came back up, you suddenly found yourself at a loss (or the so-called "unrealised profit") Don't blame the markets.

Of course they were bonkers. You still had to know when the bottom was and when he was going to announce the reversal. Many people assumed he would keep it up for at least a week before pulling back. If he had the market would have pulled back even more. It's easy to time the market when you're from the future.

Honestly, HN is obsessed with finance; it seems at times like it's all you think about. But when it comes to basic trades, suddennly it's all excuses and "easy to time the market when you are from the future".

A lot of people made money today; no, they are not all Trump "buddies"

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

#375

Post by skyyler »

stellalo wrote: post #346
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

If you're referring to 2A then I suggest you start building anti-aircraft weapons in your militias five years ago.

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

#379

Post by dang »

mrlonglong wrote: post #330

[flagged]

I appreciate the art and craft of UK swearing as much as anyone, but please don't post flamewar comments here, especially not denunciatory ones on divisive topics. It just makes the threads worse.

https://news.ycombinator.com/newsguidelines.html

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