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Trump temporarily drops tariffs to 10% for most countries

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

#671
Contrarian opinion.

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.

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

#672

Is 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.

> billions off regular people who had margin calls

Thanks, Robinhood!

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

#673

Earlier 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…

Decoupling from China will lead to China annex Taiwan sooner. China will have the USA and the world by the balls then, so not sure we want that to happen quicker.

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.

sigh

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

#675
post #221

Earlier 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

Just a dry run before the real event. Working as intended, nothing to worry about...

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

#676

If the country gets rich from tariffs why stop them?

Because it's not the country getting rich - it's the government getting rich from its citizens. It's another form of taxation, but one with no plan and crazy fluctuations day to day that affect first and foremost businesses, who will put off investments are start layoffs in order to make themselves more resilient to the chaos, which affects the whole economy. And this long term downturn in the economy doesn't make the country rich, but rather poor.

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

#677

Why 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.

The market doesn't like this. All the professional investors got out ages ago (check out Berkshire's dumping) and are dumping to bagholders. Large fund holders are hanging on because they still make fees and it keeps their AUM up there and everyone else is dying at the same rate. Foreign investors are pulling bonds out because the currency is at risk. The market is being manipulated daily and there is no involvement from SEC. There is only risk left. Confidence is gone.

It is the textbook definition of a fucking shit show.

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

#678
post #588

Possibly 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.

There's your problem - the word "rationally". NOTHING about MAGA / Trump is rational - it's all based on feelings.

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

#679
post #658

"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…

Also, this trade war pushes the USA close to a war with China over Taiwan and maybe Panama Canal, which is exactly what you want as an authoritarian to stay on longer. Find an enemy and use emergency powers to maintain control.

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

#680

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

Hopefully EU will still go ahead with the tariffs. We should not be dancing at the tune of the mad king.

Yes, but what's the rush here?

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.

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