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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

#71

Post by vkou »

davidw wrote: post #33

One thing companies love is lots of uncertainty like this. It keeps their accountants entertained! "Maybe we should build a factory in the US" ... 24 hours later ... "well, not today". What's really amazing is all the muttering from "Very Important Wall Street" type people who are saying that he's insane. Like... with that kind of salary, weren't you paying attention? We've known he wasn't right in the head for a whi…

They always knew he was an idiot, the reason they are muttering is to give ammunition and support to anyone who will push back on this insanity.

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

#74

Post by lysace »

jeetoid wrote: post #67
lysace wrote: post #55

Earlier quoted context omitted.

*How can anyone take the US seriously? Also see: https://www.bbc.com/news/articles/c5yrr0e7499o > Confidence in the US economy is plummeting as investors dumped government debt amid growing concerns over the impact of Donald Trump's tariffs. > Governments sell bonds - essentially an IOU - to raise money from financial markets for public spending and in return they pay interest. > The US does not normally see high int…

Any reasonable person does.

Well, we used to.

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

#78

Post by dayvid »

ProfessorLayton wrote: post #42

So 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.

There's definitely going to be another change before 3 months are up.

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

#79

Post by valzam »

davidw wrote: post #33

One thing companies love is lots of uncertainty like this. It keeps their accountants entertained! "Maybe we should build a factory in the US" ... 24 hours later ... "well, not today". What's really amazing is all the muttering from "Very Important Wall Street" type people who are saying that he's insane. Like... with that kind of salary, weren't you paying attention? We've known he wasn't right in the head for a whi…

Absolutely no one was seriously considering building a factory in the US based on the insansity of last week

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

#80

Post by HaZeust »

The blatant market manipulation is what really kills me about this. Just 2 hours prior he posted on Truth Social that it's a "good time to buy". Nothing really matters anymore, and 90-day pause is already showing his cards that the same bear-bull market run is happening in July. It's just crazy to discredit the full faith and credit of the US Stock Market and dollar in such a brazen fashion.

Not to mention, with increasing China's tariffs - he STILL hasn't made compelling domestic policy to bring manufacturers here, and has put the cart before the horse by punishing U.S. companies for doing offshoring, before giving them a chance to build domestically. He's only made the super-cheap offshoring approach more expensive (but not more expensive than domestic production). Post-tariff offshoring is STILL a lower expenditure than (A) the investment of domestic infrastructure, (B) the runway of cash it takes before becoming sustainable, and (C) the ongoing wages, maintenance, and taxes to continually maintain it.

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