Irrespective of what you think of Trump, decentralization of production capacity is a good thing — maybe even essential. If this continued for, say, another twenty years, the West and the rest of the world would be completely stripped of all ability to defend themselves. Literally everything from picket fences to rolling stock to tableware is coming from one country.
Trump temporarily drops tariffs to 10% for most countries
671–680 of 1001 posts
Re: Trump temporarily drops tariffs to 10% for most countries
#672Is anyone sure this is not stock manipulation? Honest question.
This is pure manipulation. It was engineered to just that from the start. Since it's America, no investigation will be done to look into who profited here - possibly billions off regular people who had margin calls. 3rd world country.
Thanks, Robinhood!
Re: Trump temporarily drops tariffs to 10% for most countries
#673Earlier quoted context omitted.
Incompetence is way more dangerous than people realize. These tariffs are China's Four Pests campaign. Mao, a very trump like figure, decided to protect Chinese crops by destroying sparrows that were picking at them. Killing sparrows killed a predator of insects which did more damage to crops. This coupled with reality denying policies and ignoring experts led to one of the most devastating famines the world has ever…
Both you and OP are not looking at this from the right angle. The goal here is to decouple US from China. In the meantime, tariffs are raised on every country to gauge which side they are on. Once US knows who the allies are, they will negotiate to have those allies put up massive tariffs on China as well to prevent transshipping. US wants nothing to do with China. As the biggest consumer economy in the world, the ha…
And I don't think anyone is calling themselves allies of the USA right now. The whole world is looking to decouple from the USA. Europe is completely over the USA, they can't rely on them for leadership, protection or for trade.
From a tech perspective, expect Europe to decouple from the USA from an economic and cultural perspective in the next decade. Smartest thing Europe can do is to create alternatives to US services, build its own defense industry and stop looking at the USA for any leadership.
Re: Trump temporarily drops tariffs to 10% for most countries
#674"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…
Trump's obsession with tariffs dates back to 1988 when he lost an auction for the piano from the movie Casablanca to a Japanese buyer. Afterwards, he started complaining about how all these other countries are ripping America off, and here we are.
Re: Trump temporarily drops tariffs to 10% for most countries
#675Earlier quoted context omitted.
It's almost like the whole point is just to enable insider trading on a scale we've never seen before.
Remember that "debunked" rumor tweet on Monday that created a market rollercoaster ride? The one that predicted exactly this? What the hell is even going on
Re: Trump temporarily drops tariffs to 10% for most countries
#676If the country gets rich from tariffs why stop them?
If what Trump was saying about making the country rich were true, then sure, why would people complain? But it's not true; just a lie told to placate his followers. It's another version of "diamond hands" or "ride the dip" that you hear from people pumping and dumping crypto stocks.
Re: Trump temporarily drops tariffs to 10% for most countries
#677Why does the market like this? Tariffs are in place and unpredictability is now the norm. Tomorrow something new crazy will come out and then the next day and the next day. Even if US markets like this right now, the long term damage has been done. Betting on the medium-long term seems questionable at best.
It is the textbook definition of a fucking shit show.
Re: Trump temporarily drops tariffs to 10% for most countries
#678Possibly 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'm starting to subscribe to the idea this was blatant market manipulation. Trump is only out to make money, the guy never had any other thought in life since money gives him status, fame, and power. It's a grift, as any other of his grifts, but now he can manipulate the whole stock market with his power. There's nothing else that I can rationally come up with to explain this absurdity.
Re: Trump temporarily drops tariffs to 10% for most countries
#679"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…
No. This isn't an economic policy. It’s time to stop bending over backwards pretending that Trump’s tariff threats are part of a coherent economic strategy. They’re not. When you drop the economic lens and view tariffs as a political tool for consolidating power, everything suddenly makes sense. Here’s how it works: - Tariffs hurt corporations. They jack up costs, raise costs. Executives know this. The markets know t…
Re: Trump temporarily drops tariffs to 10% for most countries
#680It'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
Hopefully EU will still go ahead with the tariffs. We should not be dancing at the tune of the mad king.
The EU should do what does best: make things boring.
If retaliatory tariffs is the way to go, maybe do it the boring way: considered bit by bit, no flashy announcement.
Or just make a 10 year deal on LNG so Trump can say we're paying the US money every year.