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Tariffs in the second Trump Administration [SPLIT]
- Thread starter cityboy-stl
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The billionaires added 304 billion to their worth yesterday, the largest single day gain in the history of the Bloomberg Billionaires Index.
Hey America (and the world). We all got hosed by fraudsters.
Who are going to repeat this all over again in another 90 days.
Hey America (and the world). We all got hosed by fraudsters.
Who are going to repeat this all over again in another 90 days.
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Nice thought, but who does she think will investigate the insider trading? The government agencies that Elon has hollowed out? The FBI run by two podcasters? The DOJ run by a Trump operative whose full-time job appears to be doing interviews on Fox News all day?Meanwhile...inside the House,
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A couple hours in to the trading day:
This happened yesterday:
While the US Trade Representative was testifying before the US House Ways & Means Commmittee, it was announced that the tariffs were "paused". Again. Apparently, some people knew... but not the House Ways and Means Committee members.
Rep. Steven Horsford [D-NV] "Is there a plan?" "Is this market manipulation?" "What billionaire just got richer?". "WTF!".
Rep. Jason Smith [R-MO]: "Oh, nothing to see here. Nothing to see here!"
This happened yesterday:
While the US Trade Representative was testifying before the US House Ways & Means Commmittee, it was announced that the tariffs were "paused". Again. Apparently, some people knew... but not the House Ways and Means Committee members.
Rep. Steven Horsford [D-NV] "Is there a plan?" "Is this market manipulation?" "What billionaire just got richer?". "WTF!".
Rep. Jason Smith [R-MO]: "Oh, nothing to see here. Nothing to see here!"
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Greer's performance was beyond pathetic.
Obviously someone so far out of his depth and out of the loop scrambling to sound like there is some sort of actual economic strategy behind all this chaos.
Well, reality seems to be setting back in. And China is about to pull one of the pins on the US.
I speculated on this before....and the big question is going to be what it takes to get the big Central Banks to return to
US Bonds as they look riskier and riskier.
If the US has to raise interest rates and China and other tariffed countries buy back in...it will be like getting free money from the US to offset the losses.
As for the fall in the markets again, I hope that everyone who bought and then held yesterday is getting burned.
From here-on out equity markets will be volatile and increasingly distrusted as the real impacts on slowdown of the economy become more evident over the next quarter.
Obviously someone so far out of his depth and out of the loop scrambling to sound like there is some sort of actual economic strategy behind all this chaos.
Well, reality seems to be setting back in. And China is about to pull one of the pins on the US.
I speculated on this before....and the big question is going to be what it takes to get the big Central Banks to return to
US Bonds as they look riskier and riskier.
If the US has to raise interest rates and China and other tariffed countries buy back in...it will be like getting free money from the US to offset the losses.
As for the fall in the markets again, I hope that everyone who bought and then held yesterday is getting burned.
From here-on out equity markets will be volatile and increasingly distrusted as the real impacts on slowdown of the economy become more evident over the next quarter.
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Not helping.
This is beyond reckless or sustainable at this point.
The White House confirms the tariff on Chinese imports is now 145%—not 125%.
Someone needs to be the adult in the room and put and end to this.
Are you listening Congress?
This is beyond reckless or sustainable at this point.
The White House confirms the tariff on Chinese imports is now 145%—not 125%.
Someone needs to be the adult in the room and put and end to this.
Are you listening Congress?
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Xi Jinping just announced 180% tariffs on U.S. goods starting tomorrow
It’s over.
Escalating tariffs are useless at this point.
Trump can come back with 200% tariffs, but all he is doing is accelerating the total seizing up of purchasing power in the US.
Again. it is time for some adults in the room to take control of the situation.
It’s over.
Escalating tariffs are useless at this point.
Trump can come back with 200% tariffs, but all he is doing is accelerating the total seizing up of purchasing power in the US.
Again. it is time for some adults in the room to take control of the situation.
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To be blunt, cheap Chinese labour has been subsidizing North American consumerism for some decades now...which has fueled the meteoric expansion of the economy.
Suddenly making Americans pay twice as much for every single thing is unworkable.
It would be great for the environment because of the collapse in consumption, but it will look a lot like the 1930's again.
Suddenly making Americans pay twice as much for every single thing is unworkable.
It would be great for the environment because of the collapse in consumption, but it will look a lot like the 1930's again.
Norri
Sex God
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Biden gave us inflation which no one liked but he did wonders for their 401ks. Trump is moving towards giving us inflation and cratering their 401ks that’s tar and feather time.
I concede I was wrong on Trump being concerned about Wall Street and should have seen that it’s the bond market that will be his foil in this battle.
I concede I was wrong on Trump being concerned about Wall Street and should have seen that it’s the bond market that will be his foil in this battle.
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Gonna go out on a limb here.
Canada has no affection left for the US and TrumpCo.
These stupid tariffs so easily lead to this...a win/win for China and Canada (or Mexico or any other 10% tariffed country)...we just flow the shit through our countries for a handling fee of amybe 10%?
Still way fucking cheaper than Trump's stupid retaliatory tariffs.
kids, when we cross the border from canada after our shopping spree to dodge 124% chinese tariffs, don't say a word to the officer
Canada has no affection left for the US and TrumpCo.
These stupid tariffs so easily lead to this...a win/win for China and Canada (or Mexico or any other 10% tariffed country)...we just flow the shit through our countries for a handling fee of amybe 10%?
Still way fucking cheaper than Trump's stupid retaliatory tariffs.
kids, when we cross the border from canada after our shopping spree to dodge 124% chinese tariffs, don't say a word to the officer
I will give only little on Biden giving us inflation. The two main drivers of inflation during Biden's time were: 1) Covid related supply chain disruptions, 2) Corporate opportunistic greed-flation and predatory price gouging.
