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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

#421

Post by me2too »

pavlov wrote: post #244
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.

It now feels quaint that, not long ago, people used to speculate what Gödel's loophole was: https://en.wikipedia.org/wiki/Gödel%27s_Loophole We're witnessing that there doesn't need to be any single clever actively exploited loophole. A two-party presidential system can become a dictatorship if one party holds just enough power across all branches of government to not resist what their leader wants.

Hey, thanks for the link - I added it to my reading list. From the introduction, it seems to fit the current situation (and that's not good).

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

#422

Post by re-thc »

Buttons840 wrote: post #234
ProfessorLayton wrote: post #42

So we're all in for another ride like this in 3 months? How are businesses supposed to plan anything in this environment? As nice as this surge is, I'm more focused on upping my cash reserves and bracing myself for a recession.

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?

> Planning tarrifs 90 days out is really stretching the definition

Anything that distracts the president from playing golf is an "emergency".

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

#423

Post by xracy »

coldpie wrote: post #163
ProfessorLayton wrote: post #42

So we're all in for another ride like this in 3 months? How are businesses supposed to plan anything in this environment? As nice as this surge is, I'm more focused on upping my cash reserves and bracing myself for a recession.

> How are businesses supposed to plan anything in this environment? Who cares? Business leaders & the politicians they helped elect are stripping the copper from the country. Whatever's left when they're done is someone else's problem.

I'm gonna say 'yes, but' instead of 'yes, and'.

Yes, but the big problem is that these same business leaders and politicians are going to be the ones who get first bite at the apple. And so how they plan is going to impact what's left for everyone else.

I don't care because they burned the system to the ground, I care because they're gonna salvage what they need and nothing else.

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

#424

Post by sirbutters »

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

Did you forget "/s"?

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

#425

Post by KennyBlanken »

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…

Not really sure why you left out the tens of thousands of people who were almost immediately laid off when companies and their suppliers idled factories?

In the automotive sector alone - GM, Ford, and Stellantis all flipped the master breaker to "off" on a number of plants and sent everyone packing.

That hire-back will not be instant. People are going to miss payments for rent/mortgage, car loans, utility bills, etc.

Let's not forget that many companies hit the brakes, hard, on exporting goods to the US - so there's going to be the shipping equivalent of those traffic "waves" because two hours ago someone on the highway panic-braked

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

#426

Post by consp »

layer8 wrote: post #303
MaxHoppersGhost wrote: post #253

Earlier quoted context omitted.

EU has already had tariffs on US goods for a long time.

Those amount to only around 3% on average.

Per ratio closer to about 1 to 1.5 percent. It differs a bit per country due to deduction rules and additional tariffs. If you leave those out and only look at regular tariffs it is 1.39%.

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

#427

Post by moogly »

amanaplanacanal wrote: post #207
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.

Evidently Congress gave the presidency emergency powers to do what he wants with tariffs, all he has to do is declare an emergency. Just one more example of how Congress is completely broken.

Did he even declare an emergency for the latest near world-wide tariffs? Are they even pretending anymore? If so I missed it.

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

#428

Post by VectorLock »

ProfessorLayton wrote: post #42

So we're all in for another ride like this in 3 months? How are businesses supposed to plan anything in this environment? As nice as this surge is, I'm more focused on upping my cash reserves and bracing myself for a recession.

>How are businesses supposed to plan anything in this environment?

They're not supposed to. The only people who are planning anything in this scenario are Whitehouse insiders coordinating stock frontrunning from Signal group chats.

https://bsky.app/profile/unusualwhales.bsky.social/post/3lmf...

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