Must be some sort of adrenaline rush or something, threating big players. Then it wears off and everyone tries to explain he’s being an idiot and eventually he backs down.
Edit: Don’t forget the tariffs are paid for by us US consumers.
He did that temporarily with tariffs on China. Tariffs over 60% are essentially a trade embargo since thats a cost that’s too rich for companies to eat and would make imports too cost prohibitive to meaningfully compete with domestic alternatives.
Any tariff that high is a bluff. Essentially all his tariffs are a bluff, a type of ‘worst case scenario’, so that when he strikes a ‘deal’ (no matter how meaningless), he can declare victory. He’s a TV personality. Its all for show.
The working class in the US is in for some real pain. Its too bad that so many of them voted for this.
One example, Germany’s stock market has been particularly strong this year, supported by fiscal policy but also in part by an increase in exports due to US retailers stockpiling German goods to avoid tariffs.
Today’s report showed the economy grew double what was expected and initially the DAX went up significantly in response to that news, but it actually ended the day at a loss because of Trumps announcement.
Trump tanks stocks by announcing tariffs, advises his cronies to ‘buy the dip’ then once a deal is made there’s a rush to buy causing a large jump in value, which maximizing profits.
He then advises his insiders when the next fiscally restrictive announcement will come so that they can sell before values tank again.
This is retaliation for sanctioning Russia. He will back down once the wall street start sitting their pants about interest rate increasing for Treasury bills.
He bankrupted 4 casinos, so he can bankrupt a country.
He probably doesn’t truly expect them to keep prices the same. He will probably complain, but not do anything because he doesn’t really give a fuck about the consumers who worry about little things like tech prices.
He’ll back down. He’s always backing down.
Must be some sort of adrenaline rush or something, threating big players. Then it wears off and everyone tries to explain he’s being an idiot and eventually he backs down.
Edit: Don’t forget the tariffs are paid for by
usUS consumers.Insider trading. It’s about the money his buddies and him can make, when he declares a “pause” and the stocks go back up. It’s frustratingly simple…
As a Canadian, a little part of me wants him to increase the tariffs even more, to 100%, 200%, 300%, maybe more.
I want the lessons that Trump-voters are currently being taught, by the free market, to be as unambiguous as possible.
He did that temporarily with tariffs on China. Tariffs over 60% are essentially a trade embargo since thats a cost that’s too rich for companies to eat and would make imports too cost prohibitive to meaningfully compete with domestic alternatives.
Any tariff that high is a bluff. Essentially all his tariffs are a bluff, a type of ‘worst case scenario’, so that when he strikes a ‘deal’ (no matter how meaningless), he can declare victory. He’s a TV personality. Its all for show.
The working class in the US is in for some real pain. Its too bad that so many of them voted for this.
Tie the highest possible tariffs to corporate sponsors of his regime, then you can punish the responsible people more effectively.
I wish our governments (federal, provincial, and municipal) were more surgical, but that might be too much to ask.
Frankly, I think even retaliatory tariffs are dumb.
Let the free market deal with it: if Canadians can’t get as much American money selling to Americans, they probably won’t buy as much from the US.
The announcements cause predictable stock market jumps that his sycophants can take advantage of over and over again
One example, Germany’s stock market has been particularly strong this year, supported by fiscal policy but also in part by an increase in exports due to US retailers stockpiling German goods to avoid tariffs.
Today’s report showed the economy grew double what was expected and initially the DAX went up significantly in response to that news, but it actually ended the day at a loss because of Trumps announcement.
Trump tanks stocks by announcing tariffs, advises his cronies to ‘buy the dip’ then once a deal is made there’s a rush to buy causing a large jump in value, which maximizing profits.
He then advises his insiders when the next fiscally restrictive announcement will come so that they can sell before values tank again.
Insider trading is now legal in the US: another reason not to believe the insiders as much, I suppose.
A reason to not invest in the US rigged markets. I divested when trump was elected and put my money into EU stocks.
This is retaliation for sanctioning Russia. He will back down once the wall street start sitting their pants about interest rate increasing for Treasury bills.
He bankrupted 4 casinos, so he can bankrupt a country.
If Europe started liquidating its U.S. bond holdings that would accelerate the process.
They already did last time
What’s Wall Street gonna do? Back the Democrats next year? Ha!
Those suits are going to take it, and learn to love it!
Trump seems to think Apple will pay his 25% tarrif and not pass it on to consumers. lol Really makes you wonder, doesn’t it?
He probably doesn’t truly expect them to keep prices the same. He will probably complain, but not do anything because he doesn’t really give a fuck about the consumers who worry about little things like tech prices.
Tim Apple better do what the god emperor wants, or else!