Up and down and up again. The entire US economy is being used as a pump & dump scam.
Trump temporarily drops tariffs to 10% for most countries
591–600 of 1001 posts
Re: Trump temporarily drops tariffs to 10% for most countries
#592Oh 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.
Yeah, Trump basically told before he announced the pause. I made a lot of money in the past week doing very little but pay close attention to this flaky dude.
Re: Trump temporarily drops tariffs to 10% for most countries
#593So 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?
How did they do it in the past?
Do you believe that, if the environment stays this way, businesses will just cease to exist as a phenomenon?
Re: Trump temporarily drops tariffs to 10% for most countries
#594Earlier quoted context omitted.
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A reasonable compensation for the trade barriers in the US. If anything, it's too low. Why do Peterbilt trucks still exist? Don't US truckers deserve to drive Scanias and Volvos?
Volvo and Mercedes (freight liner) trucks are popular in the US. Truckers tell me Peterbuilt makes a good truck and compete well, but since I don't drive a truck I can't tell you what makes them better. I can tell you that Volvo and Mercedes are considered basic trucks for companies to own, while those who own their own truck like pay extra for luxury features in a Peterbuilt. (the only luxury I can see though is chrome decorations, again not being a trucker I have no clue if anything else is better or not)
Re: Trump temporarily drops tariffs to 10% for most countries
#595"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…
Yeah, the bond market started saying firmly "stop fucking around" and an adult seemingly appeared in the room
I realise I'm asking for an imagined scenario but- who would this adult be, that somehow escaped the purge of competence and oversight in favour of sycophants, and how would they broach the topic with Trump (who of course wants to be the Big Boy and loves supplication)?
Re: Trump temporarily drops tariffs to 10% for most countries
#596Earlier 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.
14d chess of course.
Re: Trump temporarily drops tariffs to 10% for most countries
#597"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…
That doesn't pass muster. If they had much interest in balancing the books, they wouldn't be ripping huge holes in revenue collection.
These "here's the actual reason they're doing this!" things rarely hold up under any amount of scrutiny.
Then again, they're tempting because the things they're doing are also really bad ways to accomplish Trump's stated goals.
Re: Trump temporarily drops tariffs to 10% for most countries
#598So 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.
> focused on upping my cash reserves and bracing myself for a recession.
And exactly there is a recipe for recession. A self fulfilling prophecy.
Not that you are to blame but the reason why politicians usually avoid projecting uncertainty.
Re: Trump temporarily drops tariffs to 10% for most countries
#599Earlier quoted context omitted.
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.
I'm coming to the conclusion that the tariffs are a distraction. The 10% across the board appears more like a tax hike without calling it one while the focus on China is just the same old trade war from the first term with louder chest-beating.
I believe at this point it's a simple game of leverage. Look how much damage I can inflict. Now let's negotiate.
Re: Trump temporarily drops tariffs to 10% for most countries
#600Too 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.…
In my defence I mentioned it was "Too late for those working on projects involving foreign manufacturers which have now been cancelled due to tariff uncertainty" which I think covers these auto workers?
Still I'm sure I unintentionally missed many examples of people who've been negatively affected by this saga. I didn't mean anything by that, it's just ignorance or lack of thought on my part.