What just happened in the market?
- Thread starter jethreauxdawg
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TRump lowered all tariffs to 10% for 90 days but raised the tariff on China to 126%. That is his version of **** You China. The market jumped 2400 points in like 5 minutes.
What just happened? Probably foolishness.
Will there be more foolishness? Yes.
Will there be more foolishness? Yes.
Did anyone honestly expect this to turn out much different than this? Everyone always freaks out over Trump's bluffs and blustering, and then it usually turns out OK. There's a lot of reasons to not like Trump, but his economics and foreign policy aren't two of them.
Just a friendly heads up, I’m about to take some money off the table and move it into some bonds. That’s probably going to guarantee this bump turns into a new rally. Just wanted to give yall the opportunity to load into equities and benefit from me making what based on past experience will definitely turn out to be the wrong decision.
I'd say we disagree here.
Leavett just confirm the tariff are still a flat 10% across the board while negotiations go on but China is getting hammered.
Trump posted on "Truth Social" that he was raising the Chinese tariffs to 125% and putting all others on a 90 day hold.
What an assclown. I don't understand how anyone with a ounce of common sense can think that this is a good way to implement trade policy, or any type of policy for that matter.
You know there are a lot people who said in a loud voice "DAMIT I should have bought in".
I guess we're Liberated now? One less thing to worry about.
Maybe, or this could be what Trump has been aiming for the whole time. I don't think we know yet. There were indications since January that tariffs were largely a threat to get everyone else to the table and (hopefully) to kneecap China. Jury is still out on whether it's going to work, but I am glad he at least took a breath here today. I'd say we all needed it.
The billionaire class (deep state?) made the call and said quit 17ing around with the markets and focus your fight on China or we will make congress stop you for us.
Trump is trying to front-run some political posturing ahead of China's invasion of Taiwan. He's firing an economic salvo in hopes of averting a shooting war..basically a stern warning..IMO.
I think our other customers might have been positioning away from us instead of playing ball so we have to keep that from happening. Saw a headline that despite stock market sucking hard the 30 years treasury prices were falling - which is counterintuitive and would make the refinancing of our debt a lot more difficult. Someone fact check me on that part though - it was a headline and I didn't get in the weeds.
I said in a locked thread that the tariffs would not be in place a month from now. I was wrong, since I should have said a week.
Is there any reason Trump could not have accomplished the same goal without tanking our markets first and freaking everyone out? Just threaten tariffs and open the lines of communication?
Heck, he has both houses of Congress; just introduce tariff legislation so it's all legal, and negotiate while the bill is pending.
Is there any reason Trump could not have accomplished the same goal without tanking our markets first and freaking everyone out? Just threaten tariffs and open the lines of communication?
Heck, he has both houses of Congress; just introduce tariff legislation so it's all legal, and negotiate while the bill is pending.
If I was Trumps economic advisor I would recommend doing this bluff every 6 months just so I could double my wealth twice a year.
Paused tariffs for 90 days on countries that are cooperating.
China will continue to be stubborn, but they need us to sell all their crap that is stocked on the Wal-Mart shelves.
China will continue to be stubborn, but they need us to sell all their crap that is stocked on the Wal-Mart shelves.
He's a reality tv star. He doesn't know boring and methodical. Gotta be the center of attention - good or bad.
Congress probably likes it bc they can do even less work and if it fails just blame it on Trump. Most people are too apathetic to understand Congress punted away their tariff responsibilities decades ago anyhow.
Definitely possible. I do think the thing Lutnick was talking about factored into this too - that China has and would again use other countries as a straw man to make purchases. To me that seems at least a plausible reason he had to start with "tariffs on everyone!" then work back down after speaking to each country individually. Like I said, I don't think anyone really knows, but I could actually see that being a strategy. MAYBE.
Then he couldn’t have bought the dip after the panic.**
"Is there any reason Trump could not have accomplished the same goal without tanking our markets first and freaking everyone out?"
Well it would be interesting to see who made money off of this gigantic "whipsaw" .
Well it would be interesting to see who made money off of this gigantic "whipsaw" .
My answer to this - if I was a Trump spokesperson - would be that bluffs don't really work well when the opposing player knows you're bluffing.
Seems to me that (Trump's thinking is that) he had to follow through with it, to show China he was serious. You can only say "Just watch me, I'll DO IT" so many times before it becomes obvious that you're not really going to do it.
Very well could be the strategy. It makes sense on paper as a negotiating tactic anyhow. But if it was, I think he underestimated how likely it could be for key players to reorg and plan on relying on us far less. Basically a "fine then, we'll take our own short term pain and find a way to move on in the world without your crazy *** in it". Who really knows what's happening on calls and in the room? I don't care - just make something that makes sense happen.Definitely possible. I do think the thing Lutnick was talking about factored into this too - that China has and would again use other countries as a straw man to make purchases. To me that seems at least a plausible reason he had to start with "tariffs on everyone!" then work back down after speaking to each country individually. Like I said, I don't think anyone really knows, but I could actually see that being a strategy. MAYBE.
China has to be given a way to make it look like they won (or at least broke even) before they will "cooperate".
Say what you want about the man, but he's unusually good at talking tough but giving his opponent an off-ramp near the end of the road.
It doesn't look like anything we've ever done before.
The other ways got us $36.7 TRILLION in debt.
That seems a bit assclown to me. Also cuntshit stupid.
Our economy and position in the world has been fine. We're in debt bc Congress (both sides) loves to spend money but not tax people enough to pay for it. That's what happens when you allow it to be a career via no term limits and corrupted by corporate donations. Congress is a business venture not a civic institution that makes adult and responsible decisions.
You could argue that much of our debt is from war and world policing/influence. And you'd be right. But we should have thought about how to finance that on the front end instead of potentially crapping on the entire global economic order in the process in an unclear attempt to get it back. That seems like a self own - unless you're a wealthy person that has never been laid off or struggled through recession. They preach "temporary pain/long term gain" but won't have to live through it. They'll come out wealthier somehow while normies have to suffer through it for them.
We're about a week from people putting Chinese flags on their social media just to protest Trump.
China sucks. I hope we raise our tariffs on them to 500%. We don't need to be doing business with them. They are evil and have manipulated us for too long. We have to crack down on them using other countries to do their bidding as well.
China sucks. I hope we raise our tariffs on them to 500%. We don't need to be doing business with them. They are evil and have manipulated us for too long. We have to crack down on them using other countries to do their bidding as well.
This is absolutely hilarious. Pretty sure this is what would happen if they let 8dog go negotiate trade using tariffs.
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