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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

#881

Post by acdha »

arandomusername wrote: post #880
sleepyguy wrote: post #161

Earlier quoted context omitted.

Markets are celebrating. How long before they realize that the China tariffs will destroy the profits of companies like Walmart, Apple, Dollar Store, Harbor Freight, etc, and a 10% tax hike on consumers across the board on all other imports? We are still headed for a recession, and the destruction from the greatest deal maker who ever lived will be lasting. Let's not forget everything else he's doing because there is…

Oh no, not my Apple! The hike will not be 10% on consumers. In most cases the seller will eat a good chunk of the cost otherwise it won't sell.

Not many companies have the margins to shrug off 10%, and if there isn’t a cheap domestic alternative everyone in the market will be raising prices.

Take coffee, tea, or chocolate: Americans buy a ton of those, there’s almost no domestic production, and most of the market lives on tight margins. Trump’s tax hike means that the average consumer’s choices devolve to paying more or buying less.

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

#882

Post by arandomusername »

louthy wrote: post #241
spacephysics wrote: post #177

Earlier quoted context omitted.

It brought a large number of countries to the negotiating table, and shows he’s willing to execute on threats of keeping tariffs high for an individual country. Now is the ripe time, 90 days, to make a deal with the US and offer the best terms. The whole point of Trump is to leverage uncertainty, make an unrealistically high water mark, then go down from there (to a point thats still very favorable) This rationale ca…

> It brought a large number of countries to the negotiating table Did it? They said it did, but I wouldn’t trust a word they say. What concessions has he actually got from the rest of the world? Was it worth it? It seems to me the two biggest trading ‘partners’ (China and EU) were escalating, not conceding.

Are you really doubting that countries wouldn't negotiate? Seriously?

Multiple countries offered no tariffs, like Israel and Vietnam I think? EU offered 0/0 for cars/industrial. SK president said they will negotiate.

> Was it worth it?

Time will tell.

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

#883

Post by arandomusername »

HarHarVeryFunny wrote: post #227
xnx wrote: post #106

So Trump destroyed the hard-earned 80-year history of the United States for strength and stability for what exactly?

Apparently he's been bragging today that world leaders are "kissing his ass", which seems to be just as likely to be his motivation as anything else. He's also planning a $100M military parade in DC, apparently on his birthday (although he denies that point). He's a wannabe dictator - seems same motivation for Greenland, Panana, Canada (51st state), maybe also strikes on Houthi.

Strikes on houthi are not because "he's a wannabe dictator", let's be real. US is involved in ME for one reason and one reason only.

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

#884

Post by arandomusername »

seanmcdirmid wrote: post #332
xnx wrote: post #106

So Trump destroyed the hard-earned 80-year history of the United States for strength and stability for what exactly?

Are we really going to not consider Trump really being a Russian Asset and this is just WAI (destroy America's credibility) as far as he is concerned? What else even makes sense at this point?

Trump being a Russian asset is so tiring and wildly invalid.

He's threatening Iran because he's a Russian asset right? Bombing Houthis too? No, someone else benefits from those, maybe he's an asset of that country?

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

#885

Post by boringg »

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…

Correction. Mao is Mao like. And you could call Trump a Mao like person, not the other way around.

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

#886

Post by arandomusername »

picafrost wrote: post #378

Very sad to see what is happening to the US. Sadder still to see it celebrated and defended by a large portion of the country. From over here in Europe, the apparent lack of accountability in the US right now is unbelievable. Where are the adults?

I'm from Europe. You should be focusing those questions on EU, we have much bigger problems. Mass immigration has decimated Europe.

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

#887

Post by cjohnson318 »

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…

> Maybe it was the deficit outlook, maybe the global response to tariffs

Maybe it was the idea of 4 more years of shenanigans like this that freaked everyone out.

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

#888

Post by zeagle »

mort96 wrote: post #638
karim79 wrote: post #559

Is anyone sure this is not stock manipulation? Honest question.

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.

My take is that’s probably for plausible deniability. “The prophet told all true believers, how could there have been insider trading.” The volume on the markets picked up twenty minutes before not hours.

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

#889

Post by arandomusername »

me2too wrote: post #169

This man's absurdity never ceases to amaze me. How can his supporters appreciate all this - constant - chaos? Moreover, from the outside (European here), it looks like the US president can literally do whatever he wants without being subject to regulations or facing any consequences - pretty much like a dictatorship. No discussion, no parliament, no opposition taken into account. Crazy.

> No discussion, no parliament, no opposition taken into account. Crazy.

Is it that much different from EU? Where was the discussion before mass immigration? Where was the opposition taken into account there?

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

#890

Post by tail_exchange »

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

Why on earth would you be on the side of a country like this? Why we should be an ally of the US right now, if Trump can't even uphold agreements he signed himself 5 years ago? What guarantees do we have that, as soon as we decouple from China, the US won't treat us as a vassal because we gave up our only alternative? The only rational choice is to either be neutral or ally with China.

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