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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

#511

Post by magicloop »

jpmattia wrote: post #480
magicloop wrote: post #397

"It’s the T-bills wot dun it." That’s my read on why the U.S. just paused the global tariff hike to 10%. From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. Why? Because Uncle Sam has to refinance a mountain of debt this year, and the cost of that depends heavily on Treasury yields — especially the 10-year. That’s the rate that sets the tone for every…

James Carville in the 90s: “I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody.”

I agree. The bond markets are the ultimate heavy hitter. They have government level impact. See also: The French Revolution.

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

#512

Post by whycome »

poormathskills wrote: post #472
VectorLock wrote: post #428

Earlier quoted context omitted.

>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...

Trump tweeted "it's a good time to buy" right before the tariff drop announcement.

I guess truth social is now a critical investment tool as well?

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

#513

Post by ryandvm »

ProfessorLayton wrote: post #204
coldpie wrote: post #163

Earlier quoted context omitted.

> 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 care?? Much of my family works in trades, have their own small businesses with employees and are very much subject to tariffs for their supplies. They did not vote for any of this.

I think the "who cares?" was rhetorical. I suspect the commenter you're responding to is in the same place that am - politically exhausted and, for the time being, apathetic.

We didn't vote for any of this to happen. We voted for the adult. But the reality is that this country held fair elections and the population democratically elected someone that is a somewhat ambiguous melange of amoral, stupid, craven, venal, and selfish.

Many of us knew shit like this was going to happen and that it's going to be a very long 4 years. We are getting exactly what we collectively asked for.

I'll poke my head out for the 2026 elections and see if there's anything worth saving...

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

#514

Post by ZeroGravitas »

magicloop wrote: post #397

"It’s the T-bills wot dun it." That’s my read on why the U.S. just paused the global tariff hike to 10%. From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. Why? Because Uncle Sam has to refinance a mountain of debt this year, and the cost of that depends heavily on Treasury yields — especially the 10-year. That’s the rate that sets the tone for every…

It's scary to think he's just not got a clue and doing whatever he thinks of in the moment isn't it?

I mean the guy who doesn't understand tariffs, at all, but has publicly loved tariffs for 40 years in charge of tariff policy. That's disturbing to contemplate head on.

Much better to invent some comforting fantasy of secret plots being carried out semi-competently to achieve nebulous but vaguely noble goals.

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

#515

Post by glitchc »

neogodless wrote: post #499
glitchc wrote: post #350

Trump is using fuzzing to find weaknesses in global trade. He's basically a security researcher at this point.

Time to delete the production database to test our disaster recovery plan!

Fail early, fail often.

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

#516

Post by toomuchtodo »

overfeed wrote: post #508
thfuran wrote: post #414

Earlier quoted context omitted.

That doesn't pass muster. If they had much interest in balancing the books, they wouldn't be ripping huge holes in revenue collection.

> If they had much interest in balancing the books, they wouldn't be ripping huge holes in revenue collection That can be explained by the fact that the cabal also doesn't like paying taxes.

And that they’d use tariffs as a regressive tax to replace income tax increases.

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

#517

Post by Aurornis »

StormChaser_5 wrote: post #86

It'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

> It's still 10% for everyone but China.

There's actually some confusion about that. They said they paused the global tariffs but didn't mention the Canada and Mexico tariffs.

If the 10% global tariff is in addition to the Canada and Mexico tariffs, the net tariff rate on those countries could be quite high. Combined with 125% tariffs on China and we would have very burdensome tariffs on 3 of our largest trading partners.

The rally is because Trump caved to pressure and is backtracking earlier claims that he wasn't going to change his policy.

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

#518

Post by toomuchtodo »

magicloop wrote: post #511
jpmattia wrote: post #480

Earlier quoted context omitted.

James Carville in the 90s: “I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody.”

I agree. The bond markets are the ultimate heavy hitter. They have government level impact. See also: The French Revolution.

https://en.wikipedia.org/wiki/Bond_vigilante

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

#519

Post by enaaem »

eftychis wrote: post #494
hello_computer wrote: post #342

Earlier quoted context omitted.

Seems kinda crazy that so much power was ever vested in the president. https://www.congress.gov/crs-product/R48435

Laziness and fear of the closet monster beget tyrants.

The best way to sabotage Trump is doing exactly what he wants (and make sure he takes all the credit).

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

#520

Post by layer8 »

The 10% apparently also apply to Canada and Mexico now, which they didn’t before:

> In a strange turn of events, the president seems to have added another 10 percent tariff to Canada and Mexico. Asked earlier if the 10 percent tariff extended to those countries, Scott Bessent, the Treasury secretary, said that it did. And a White House official clarified for me just now that that was the case. Previously, Canada and Mexico had been exempted from this round of “reciprocal” tariffs, though they still faced a 25 percent tariff that the president imposed last month on many of their goods.

https://www.nytimes.com/live/2025/04/08/business/trump-tarif...

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