Oh boy, HFTs made a fuck ton of money in the last few days. Probably as much as they make in a year even
Maybe, just maybe, this is all about a secret wealth transfer.
Trump temporarily drops tariffs to 10% for most countries
551–560 of 1001 posts
Re: Trump temporarily drops tariffs to 10% for most countries
#552"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…
Genuinely wondering why so many people are still giving the Trump administration this much benefit of the doubt that their moves are strategically sound? We're really still doing the whole "3D chess" thing with this guy after he has shown over and over again that he mostly just acts on impulse and the primary qualification for his advisors is loyalty over any type of intelligence or expertise?
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Re: Trump temporarily drops tariffs to 10% for most countries
#553"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…
Genuinely wondering why so many people are still giving the Trump administration this much benefit of the doubt that their moves are strategically sound? We're really still doing the whole "3D chess" thing with this guy after he has shown over and over again that he mostly just acts on impulse and the primary qualification for his advisors is loyalty over any type of intelligence or expertise?
Baffles me too. His ignorance is astonishing.
Re: Trump temporarily drops tariffs to 10% for most countries
#554The 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…
Also china has 125% tarriff but the reason that they couldn't originally give 10% to Vietnam was trans-shipment of Chinese goods.
If it wasn't happening before, it certainly will be now.
What's actually wrong with them.
Re: Trump temporarily drops tariffs to 10% for most countries
#555If the country gets rich from tariffs why stop them?
Re: Trump temporarily drops tariffs to 10% for most countries
#556Is it just the historical legacy of international trade that tariffs apply only to physical goods, but not to something like software-as-a-service subscriptions, digital media, or intellectual property? As the latter categories are more representative of US exports, it would surely be an interesting escalation if other countries were to start including them in their “retaliatory” tariffs.
>software-as-a-service subscriptions
when people in other countries use that at a non-trivial scale, aren't the servers on the other end of the connection still located in their region?
Re: Trump temporarily drops tariffs to 10% for most countries
#557The 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…
Like when an LLM does a tiny coding error that isn't too noticeable though.
Re: Trump temporarily drops tariffs to 10% for most countries
#558Possibly because lawsuits challenging the power of the President to impose tariffs under the Emergency Economic Powers Act are underway.[1] GOP support for Congress taking back control of tariffs is building.[2] At some point, Congress or the courts will take his toys away. [1] https://www.newsweek.com/trump-tariffs-hit-lawsuit-group-his... [2] https://thehill.com/homenews/senate/5236142-congress-tariff-...
I've seen relatively little discussion about these lawsuits, but I do think there is a pretty good chance that SCOTUS will rule these tariffs unconstitutional. (It's certainly more likely than Congress rescinding the powers they've ceded to the presidency.)
Constitutionally, the power to set tariffs resides with the Legislative branch, not the Executive branch. Congress has delegated some authority to set tariffs under certain conditions (namely, emergencies and matters related to national security). But the Court is clear that one branch cannot delegate all of its powers to another. The Court is pretty deferential to the Executive branch, especially in matters of national security. But no matter how much you squint, it's hard to see how setting broad based tariffs on all goods from every foreign countries qualifies under the Emergency Economic Powers Act.
Re: Trump temporarily drops tariffs to 10% for most countries
#559Is anyone sure this is not stock manipulation? Honest question.
Re: Trump temporarily drops tariffs to 10% for most countries
#560Earlier quoted context omitted.
Donald is weak. He was always going to fold. Once China and the EU called his bluff and retaliated, he was done. Lasted less than 24 hours.
Sir, the tariff on china has just increased to 125%. I don't know why he held off on the other countries, but choose to go to "war" with China.
I assume because of Peter Navarro (and of course Ron Vara).