So he's basically gaming the market with insider trading.
Trump temporarily drops tariffs to 10% for most countries
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Re: Trump temporarily drops tariffs to 10% for most countries
#52Earlier quoted context omitted.
Lots of stocks are up 10-15% instantly after this announcement. Curious if we'll get reports of suspicious options volume capitalizing on this information.
why do people still trust stock markets if manipulating them is that easy?
Traditionally US stockmarkets are not that easily manipulated. This type of blatent grift and insider trading was for banana republics, and that's why stock markets in those places aren't serious.
Re: Trump temporarily drops tariffs to 10% for most countries
#53The 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…
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Re: Trump temporarily drops tariffs to 10% for most countries
#54I wonder if the stock markets will learn to disregard the US president for the next 4 years
Re: Trump temporarily drops tariffs to 10% for most countries
#55How can anyone take him seriously on this sort of stuff? He flip/flops constantly. If he isn't a serious negotiator, other countries/companies aren't going to take his threats seriously.
*How can anyone take the US seriously?
Also see: https://www.bbc.com/news/articles/c5yrr0e7499o
> Confidence in the US economy is plummeting as investors dumped government debt amid growing concerns over the impact of Donald Trump's tariffs.
> Governments sell bonds - essentially an IOU - to raise money from financial markets for public spending and in return they pay interest.
> The US does not normally see high interest rates on its debt as its bonds are viewed as a safe investment, but on Wednesday rates spiked sharply to touch 4.5%
Re: Trump temporarily drops tariffs to 10% for most countries
#56If anyone had advanced warning, you could have made a fortune today: https://www.marketwatch.com/livecoverage/stock-market-today-...
Probably lots of happy white house staffers and congressmen today.
Re: Trump temporarily drops tariffs to 10% for most countries
#57Re: Trump temporarily drops tariffs to 10% for most countries
#58My dream scenario: The rest of the world would band together and upper the mininum tariffs levels against US imports to 10% for 90 days.
My dream remains a global common market