3mo ago

Trump raises China tariffs to 125% but announces 90-day pause for others

www.cnbc.com

Trump tariffs: 'Do not retaliate and you will be rewarded,' White House says

Trump in a Truth Social post says he is “immediately” raising U.S. tariffs on Chinese imports to 125% “based on the lack of respect that China has shown to the World’s Markets.”

But Trump in the same post says he has “authorized a 90 day PAUSE” for other countries, pointing to what he says are more than 75 nations who have reached out to negotiate.

That pause, and “a substantially lowered Reciprocal Tariff during this period, of 10%,” are both “effective immediately,” Trump writes.

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30 comments

He folded pretty quick lmfao
Wonder how long it'll take for him to fold on China
- How is this folding?
  He said he was willing to renegotiate in the beginning due to unfair trade agreements.
  I'm not a supporter. I'm just being objective here. How does this conclude to folding by taking the time to renegotiate to a better deal supposedly for his country which was the beginning goal again supposedly for his entire plan.
  I see no evidence of him folding yet. To reiterate. Being objective to politics.
  
  because the tariffs activated, but lasted for half a day
  
  Someone slightly smarter as him must have told him that it's pretty tough to impose 100 percent tariffs on the whole world at once.
  
  You seem to be completely misinterpreting market manipulation.
  
  Oh, he's not folding, he's just demented. Doesn't even remember why he did what when it seems.
  
  He said
  Because everything he says is objectively true, right?
Amazing. He’s just mashing on the tariff keyboard.
- If you were a MAGA you would be obliged to think Trump's 5D chess strategy is working as planned and anyone who thinks otherwise is transgender
- unfortunately it's just this, over and over and over
- I don’t feel particularly shameful because I don’t self-identify with the dictatorship of the bourgeoisie. It’s not my state, it’s theirs.
- No you would think it is genius
- MAGA people can't feel shame over any of this, they are incapable. This is a wealth and religion thing, you'll notice MAGA people are nearly universally either wealthy, religious or both.
  Particularly in America (because of the historical confluence of wealth and religion) these two types of people don't experience shame the same way normal people do. Wealthy people's sense of superiority over their position in society has bred in them the notion that shame is for their lessers. The richer they are, the worse this is. Religious people feel that nothing in the world is more righteous than sticking it to nonbelievers and no effort put forth in pursuit of that goal can be considered shameful. In fact, the opposite. In any case their shame quotient is sodden with their own repressed sexuality.
- Like anyone who could think critically or even have slightest media literacy, but....
Buy the dip scam is entering into phase 2.
How do we know this isn't market manipulation? When stock values are all over the place that's a good opportunity for people with money to make more money.
- It's probably other stupid things as well, but it's definitely market manipulation.
- that's exactly what it is actually
- Uh, it is all market manipulation. Tarrifs, subsidies, grants, hell, even tax breaks on selected things, sectors, etc.. China. The EU and the USA, well most countries do it.
  Anyway, the point here is that no one who knows how to play the market should have moved a dime through the fluctuations but many people get overly jumpy for no reason. This crap will pass but the media is fear mongering a bit too much.
  Yes, those who wanted to play with risk, could have bought into the dip. You do not have to be a millionaire/billionate to know or do any of this. You just have to be in the market as to make some money. Like Google is not going out of business, if the stock went down then yeah why not buy into it?
  I recall that when the Iraq war broke out, tons of soulless stockbrokers went nuts into American weapon manufacturers, specifically corps that made missile parts.
  It is always the same and the same thing happens all the time. Same with the Ukrainian war. Guess who invested in weapon manufacturers again?
  
  The most insidious part is that these ghouls depend on creating fear and uncertainty to spook people, largely with retirees who will be left to the mercy of Social Security if their investments were to be decimated. It was galling to see Trump bragging about Charles Schwab and some other insider making billions of dollars directly from his market manipulation.
- Of course it is. His two primary characteristics are that he is a Traitor, and breath-takingingly Corrupt.
- Because the man has no filter, he felt the need to say the quiet part out loud about his buddies profiting from this grift.
In terms of both economic and military strength it feels like Trump expected everyone to go “Oh no we need them, guess we’ll have to take a worse deal” but instead they were like “We need stability and can’t trust the US to keep its contracts for the next several years at least, so we’ll have to source elsewhere.”
I guess this is a tactic to isolate China and break up a possibly alliance of countries acting in concert to combat these tariffs? Well it's a trade war.
- I can def believe he thinks that is what he is doing.
  But by putting world tarrifs on hold. He is just giving Europe 90days to worry and discuse China. While giving China more reason to consider deals with Europe.
  Add to that China has been building deals with most of the world for over 20 years.
  China has less to lose then the big US corp owners that back trump and depend on China for manufacturing and parts etc.
  
  Especially since the USA can't do anything to coordinate the response of their industry, having fired their people and only relying on the market to sort it out. While China could systematically and rapidly invest in any industries and goods from the USA that now face retaliation tariffs in China or EU.
Hit me

30 comments