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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

#381

Post by mschuster91 »

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…

> Too late for those forced to sell financial assets in order to pay margin calls.

That's the true aim behind all of this constant course shifting. The ultra rich, those who have large amounts of liquid assets or outright cash, can make bank at the moment... buy the dip. Even if the markets dip another 20%, they'll rebound soon enough.

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

#382

Post by muzani »

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…

It's literally in his book. He does a crazy thing. Big. Massive. Then gets the other party to negotiate it down to what he really intended. 10% is a lot, but now it looks smaller. He's also fighting back very hard on a few fronts, as per the book.

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

#383

Post by daxfohl »

HarHarVeryFunny wrote: post #227
xnx wrote: post #106

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

Apparently he's been bragging today that world leaders are "kissing his ass", which seems to be just as likely to be his motivation as anything else. He's also planning a $100M military parade in DC, apparently on his birthday (although he denies that point). He's a wannabe dictator - seems same motivation for Greenland, Panana, Canada (51st state), maybe also strikes on Houthi.

At least we got the Gulf of America. The only question now is, now that we've alienated our allies, shown our unwillingness to cooperate on anything, demonstrated our inability to back up our show of strength, openly laid out our lack of solidarity, and established our irrationality and volatility to the world, how long will it take China to decide to waltz a few battleships into Hawaii and claim the Pacific as the Gulf of China.

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

#384

Post by __MatrixMan__ »

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 do you propose was learned from it that wasn't already known?

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

#385

Post by pb7 »

seanmcdirmid wrote: post #345
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 i…

[flagged]

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

#386

Post by MammaMia2025 »

sleepyguy wrote: post #161
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…

Markets are celebrating. How long before they realize that the China tariffs will destroy the profits of companies like Walmart, Apple, Dollar Store, Harbor Freight, etc, and a 10% tax hike on consumers across the board on all other imports? We are still headed for a recession, and the destruction from the greatest deal maker who ever lived will be lasting. Let's not forget everything else he's doing because there is…

unless President Xi calls him tomorrow invites to Beijing and turns out to be "great guy". Followed by tariffs for China lowered to 20%.

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

#387

Post by trgn »

sethops1 wrote: post #150
mistrial9 wrote: post #134

Earlier quoted context omitted.

[flagged]

Literally anyone with a 401k is an investor.

trump's base is seniors counting down to social security, the rich, malcontents, and feds (his staff in other words) have gov pension plan. none of those care about the 401k people.

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

#388

Post by JeremyNT »

davidw wrote: post #33

One thing companies love is lots of uncertainty like this. It keeps their accountants entertained! "Maybe we should build a factory in the US" ... 24 hours later ... "well, not today". What's really amazing is all the muttering from "Very Important Wall Street" type people who are saying that he's insane. Like... with that kind of salary, weren't you paying attention? We've known he wasn't right in the head for a whi…

If I had any appreciable assets in the stock market OTHER than my retirement savings, I would sell like hell right now.

The market is absolutely delusional right now. It's not pricing in how devastating this general uncertainty is, nevermind the fact that massive tariff hikes are still in effect.

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

#389

Post by dingnuts »

trhway wrote: post #251
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.

>He's turned the US stock market into the same model as China's - the entire up/down rests on the leaders words. Not only stock market. The whole "Project 2025" point is to turn everything from the "rule-based" approach to "unitary-executive's-really-a-King's-whim" approach. Just today - the export control or lack of it on specific Nvidia chips isn't really result of security needs of US, instead it is just a result…

I remember reading Unqualified Reservations ten years ago and thinking "this guy is a fucking nut!" and now his (Curtis Yarvin's) monarchist ideology seems to have walked right into the white house

Trump 2 isn't Trump 1. These are uncharted waters indeed

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

#390

Post by orangecat »

kylehotchkiss wrote: post #259
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 A lot of people in USA felt they were entitled to their slice of the American dream, did not achieve it because we stopped building houses therefore you can't buy one on a high school education like our parents and grandparents did. Add in what appears to be somewhat of a collapse in people starting relationships/families and you suddenly have a massive…

There's some truth to that, but then the solution is to build more housing, not impose tariffs which only make houses and everything else less affordable.
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