U.S. stock futures plunge ahead of Monday open as Trump tariffs shock continues
Trump threatens even higher tariffs on China as his trade war sends markets teetering
It's probably dropped low enough now for him and his goonies to buy everything up just in time for the tariffs to get reversed this week. At this point I'll be shocked if they don't reverse the tariffs this week.
i think other countries are noticing his clown moves and will respond by not reverting theirs
Isn't that what Canada last time he announced a Tariff then dropped it? They just said "Nope not dropping ours until you calm the fuck down"
That would be dumb, though. For the same reason our tariffs are so goddamn dumb.
You can’t manufacture leverage like that. The “imbalance” he’s talking about didn’t exist in the first place. If he drops tariffs, he’s still in a materially worse position than when he started. He would need to provide concessions to get other nations to drop tariffs.
Or as I like to call it: The "Play Shitty Games, Win Shitty Prizes" Principle
... Even if he completely 180s on the tariffs, that ... only means that they can just come back, whenever, for no reason, with no warning.
The US is acting like a country in the middle of a civil war that is changing official leaders and governments every week, when viewed from the perspective of an international investor, or when viewed from the perspective of a domestic producer.
This is completely unpredictable insanity that makes planning a future business decision totally impossible, unless you are either absurdly reckless and/or have a plan to bribe Trump.
If Trump just cancels all of this tomorrow, its not going to stop the utter loss of confidence in the stability of the US. It could just all get reinstated the next day.
The US is now a completely untrustworthy and unreliable trade partner, and that stigma won't pass untill the US stops acting like a schizophrenic cheeto, and shows relative stability for... a decadeish?
Trust is a lot easier to lose than earn.
The wildest part about this is... I know this kind of shit with just a Bachelors of Science in Econ. From a decade ago. Haven't worked really in Econ, pivoted the data analytics elements of that into data analytics and db admin type jobs.
But I remeber the jist of the studies and latter coursework I did about macroecon policy.
We are doing basically exactly the most perfect thing to do if you want to impoverish a country as fast as possible... the closest case study examples are basically unstable periods of latin american or african or eastern european countries during the post ww2 period.
Nah, we aren't even in Depression territory yet
