Trump temporarily drops tariffs to 10% for most countries • Hacker News Board

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

#931

Post by mixologist » Thu, Apr 10, 2025, 8:07 AM UTC

arandomusername wrote: post #889

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?

Mass immigration in EU is a result of US wars in middle east. It was not some kind of a plan by EU. It was just a reaction to shit that is happening. They were put in this position because they had too much faith in US.

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

#932

Post by immibis » Thu, Apr 10, 2025, 8:07 AM UTC

silexia wrote: post #898

seanmcdirmid wrote: post #345

Earlier quoted context omitted.

I have a trip to China on Saturday and I'm worried about: a. Chinese retaliation. I don't think they are going to start arresting Americans, but it might get uncomfortable if I don't have my passport in the subway station. b. American retaliation. My wife has a greencard, this is actually worrying me more than anything, although as far as I have heard so far, we should be OK. Trip is still on. I'm really interested i…

Totalitarian countries like China and Russia routinely arrest American visitors to use them as negotiation chips. Be careful.

America's started arresting visitors from any country to use as negotiation chips so is it officially totalitarian now?

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

#933

Post by 4ndrewl » Thu, Apr 10, 2025, 8:33 AM UTC

the_arun wrote: post #250

4ndrewl wrote: post #218

Pulling stunts like this just makes the USA even less investable. Markets operating at the whims of a capricious King (is there even a functioning government right now?)

Without taking sides, what if we think this wasn't a stunt but a genuine experiment?

Or performance art

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

#934

Post by Havoc » Thu, Apr 10, 2025, 8:49 AM UTC

There is zero chance that dude can sit on his hands for 90 days.

He'll have some insane idea to replace it by end of week

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

#935

Post by casey2 » Thu, Apr 10, 2025, 9:03 AM UTC

creer wrote: post #730

milesvp wrote: post #614

Earlier quoted context omitted.

> Instead of being seen as a safe haven, U.S. debt itself started to look shaky There's also a more basic answer to why US debt got more expensive. There is no such thing as a "trade deficit". You cannot import something without exporting something else. That something else, in almost 100% of the situations, is dollars. What do you do with dollars, if there's nothing you want to buy? You buy debt. So, every trade def…

US debt was mostly being bought because "safe". The US being seen as politically and economically stable and the center of the world. Right now that argument is much harder to make. And meanwhile there is always a lot of US debt that needs to be rolled over (i.e. re-issued to a willing buyer.) Except for the data point of today's 10-Year Treasury Auction which had a normal, usual result.

Why do people keep repeating this nonsense? 2008? Every "recession" for the last 50 years? Nobody was under the impression that the US was economically stable. Go press max on the 10 year bond yields and tell me what you see. The "crash" puts it to where it was not even a year ago. For 10-year bonds.

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

#936

Post by casey2 » Thu, Apr 10, 2025, 9:13 AM UTC

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…

Or this is like the long history of American tariffs which gave it world class industry. We are in the midst of a 4th industrial revolution and all this insane manufacturing tech being developed just gets shipped over to china because nobody in the US wants to touch it for fear of failing.

For every four pests Mao had 100 successful projects that nobody talks about. Harm reduction is not an optimal strategy for any game.

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

#937

Post by t1E9mE7JTRjf » Thu, Apr 10, 2025, 9:13 AM UTC

wickedOne wrote: post #363

i wonder why the rest of the world doesn't just come together for a while and stop trading / providing raw materials to the u.s. for let's say a year or so. isn't this all just a huge pile of bluff poker?

they don't have TDS

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

#938

Post by SuperSandro2000 » Thu, Apr 10, 2025, 9:14 AM UTC

the chaos goes on

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

#939

Post by [deleted] » Thu, Apr 10, 2025, 9:21 AM UTC

davidguetta wrote: post #469

compumike wrote: post #305

Is it just the historical legacy of international trade that tariffs apply only to physical goods, but not to something like software-as-a-service subscriptions, digital media, or intellectual property? As the latter categories are more representative of US exports, it would surely be an interesting escalation if other countries were to start including them in their “retaliatory” tariffs.

I still wonder why this was not done instantly by EU. US has an imbalance on goods that was used to calculate the tariff amount, but it has the opposite imbalance on service from what I've read

[deleted]

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

#940

Post by grvdrm » Thu, Apr 10, 2025, 9:40 AM UTC

mcshicks wrote: post #713

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…

I find the most consistent explanation for Donald Trump is he does whatever is going to keep himself the top news story in the media. I don't think there's any deeply held belief other than if he doesn't think people are talking about him that's bad

I start with this explanation too.

In his interview yesterday he mentioned that he won his weekend golf tournament. Of course he did, otherwise it wouldn’t be newsworthy (still isn’t, but oh well).

Then he asked the reporter if she saw that he won. I think he asked twice.

I look at that simple interaction as the most accurate model of his behavior. Are people talking about me? Good. Why aren’t people talking about me? I need to do something to make sure they do. He may very well have actual intelligence but it doesn’t seem obvious that it is the catalyst of anything he does.