Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Trump temporarily drops tariffs to 10% for most countries

cnbc.com

Post reply on HN
Print view View original

801–810 of 1001 posts

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

#801

Post by nom »

etcet wrote: post #741
mort96 wrote: post #638

Earlier quoted context omitted.

The president told his Truth Social followers that it's a great time to buy stock just a few hours before this announcement: https://truthsocial.com/@realDonaldTrump/posts/1143082727259... It's probably many things, but one part of it is for sure stock manipulation.

This is wild. 8:37AM "THIS IS A GREAT TIME TO BUY!!! DJT" 12:18PM "I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!"

Assuming this was planned so insiders can buy the dip (and let's be honest, he's not clever enough for this, but any crypto bro is), his announcement serves the insiders perfectly as plausible deniability.

What's even wilder is this random Twitter account that 'leaked' the 90 days pause two days ago, got picked up by the news as truth, caused the market to recover by trillions of dollars temporarily... and now this...

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

#802

Post by threeseed »

magicreadu wrote: post #647
hayst4ck wrote: post #606

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…

> In the meantime, tariffs are raised on every country to gauge which side they are on

Tariffs were raised on Australia, UK, New Zealand and Canada.

It's asinine to say that you can trust these countries with your most secret intelligence (Five Eyes) but not enough to say treat them as allies.

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

#803

Post by sfblah »

hayst4ck wrote: post #606
magicloop wrote: post #397

"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…

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…

My opinion on this is that the damage has already been done. Successive administrations have already loaded up debt massively and participated in a Ponzi scheme with the Fed to pretend asset valuations in the US make sense. Sooner or later the chickens will come home to roost, and valuation multiples in the US will come to resemble those that have existed throughout history, and those which exist in all other parts of the world currently.

When this happens, there will be a big recession, and that is exactly the moment companies will start deploying AI in earnest to save money. This will create a downward spiral.

Yes, the Trump administration is incompetent. But, if you insist on blaming an administration, I would propose Obama and Biden as more reasonable culprits. It was Obama who presided over the massive Fed intervention into markets that enabled unbridled government spending increases. It was Biden who presided over the most problematic parts of the Covid response. Trump is just an idiot. Obama and Biden are actually bad guys.

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

#804

Post by dan_quixote »

thfuran wrote: post #414
magicloop wrote: post #397

"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.

Agreed - that's a huge indicator that they don't care about fixing the deficit. But they also don't want to be seen making it vastly worse.

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

#805

Post by partiallypro »

rvnx wrote: post #613
foogazi wrote: post #555

If the country gets rich from tariffs why stop them?

This is where I don't follow Trump's logic. Trump and Musk were claiming that the US will push super high tariffs, that it will make the US rich, and hinting that it will maybe even be possible to suppress the income tax.

Musk to his credit is pretty anti-tariff, and has touted a 0% tariff environment with Europe. It's Navarro and Lutnick that are the devil's whispering into his ear on this policy.

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

#806

Post by paulryanrogers »

sfblah wrote: post #803
hayst4ck wrote: post #606

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…

My opinion on this is that the damage has already been done. Successive administrations have already loaded up debt massively and participated in a Ponzi scheme with the Fed to pretend asset valuations in the US make sense. Sooner or later the chickens will come home to roost, and valuation multiples in the US will come to resemble those that have existed throughout history, and those which exist in all other parts o…

Trump 1 increased the debt more than Biden, and Trump 1 wasn't even mitigating a train wreck of COVID inaction left over from his predecessor.

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

#807

Post by autoexec »

sfblah wrote: post #803
hayst4ck wrote: post #606

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…

My opinion on this is that the damage has already been done. Successive administrations have already loaded up debt massively and participated in a Ponzi scheme with the Fed to pretend asset valuations in the US make sense. Sooner or later the chickens will come home to roost, and valuation multiples in the US will come to resemble those that have existed throughout history, and those which exist in all other parts o…

> that is exactly the moment companies will start deploying AI in earnest to save money.

Companies are already deploying AI everywhere they possibly can as quickly as they possibly can. They aren't waiting for anything. AI just isn't up to the task of replacing most workers just yet. It's still unclear if it ever will be, but they're shoving AI into everything they can to see how it holds up, to see what it breaks, and to give it more data to work with so that it can hopefully be improved.

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

#808

Post by vkou »

magicloop wrote: post #397

"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…

If your goal is 'lower the rate at which you'll refinance a bit of debt by a quarter of a percentage point', blowing up your export economy, import and tourism industry, and introducing a national 40% sales tax seems like a really weird way to achieve it.

Given that all of those things would torpedo your ability to actually service debt, both new and old.

But what do I know? /s

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

#810

Post by dataviz1000 »

delecti wrote: post #627
matt-p wrote: post #554

Earlier 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.

> What's actually wrong with them. Market manipulation. 1. Sell. 2. Threaten tariffs. 3. Buy. 4. Walk back tariffs threats. 5. Repeat. With the secret step 0: Pay enough of an Indulgence to get in the loop of when those are going to happen, and to stay in their good graces so the DoJ doesn't hit you for insider trading.

"Gutsy Traders Make $1.5 Billion Triple-Leveraged Bet on Nasdaq 100" [0]

This was Monday morning when it was trading ~$40. It is at $53 now. What is 20% increase on $1.5 Billion? $300,000,000.

[0] https://www.msn.com/en-us/money/markets/gutsy-traders-make-1...

Post reply on HN