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Trump pauses tariffs for 90 days, while countries negotiate new trade deals. However, he keeps a 10% baseline for everyone except China, which is subject to an increased 125%.
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What a damned coward
After desperately trying to push people to buy stocks as the tariffs kick in Trump ends Day One by folding and revoking them again for another 90 day period leaving the markets stuck yet again in turmoil and uncertainty. China will know they have him on the ropes and will sacrifice business to escalate his position and cement Americas cliff edge financial fall.
Trump has made things so insanely easy for the EU to come out on top with this. They are able to literally kick back and watch China kick America whilst the US punches itself in the nuts - whilst in turn looking like the safe business bet in the room.Comment
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I'm not convinced. China depends on the US for large amounts of trade. They can't "beat" each other. They are intrinsically linked.Comment
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As pointed out on the news, if a week ago Trump had just announced 10% global tarrif, that would have seemed dramatic. The 10% remains in place and is not affected by the 90 days.Comment
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From what I can gather, both America and China are heavily linked so both suffer heavily from the trade war but China has the advantage because America is burning its bridges with its allies at the same time so the gamble is worth it for China because there may be greater reliance on them post-trade war thanks to the US going scorched earth. Apparently stocks are recovering now that the higher tariffs are off but it looks like permanent damage has been done to the US's bonds market
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I'm getting whiplash from the u-turns.
I feel the damage is already done, despite the pause on tariffs.
For a start, it's only a pause, so he can start it again down the line.
Already countries are starting trade negotiations amongst themselves.
He's damaged the trust in America as a safe trading partner.
He's damaged the value of the dollar and bonds.
Punishing China is a bad decision, because it's not just tat from Temu, it's your iPhones too and then all the components that other US businesses import from them.
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The US makes absolutely F all now like the rest of the world, China manufactures EVERYTHING, literally everything we buy as a planet, China will be fine, their also rapidly catching up on semiconductor plants as well.Originally posted by charlesr View Post
The whole planet has become so reliant on China’s manufacturing expertise we’ve dismantled all of our capabilities and let everyone go that was doing these jobs, its outrageously stupid and short sighted, and its never coming back.Comment
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If you strip everything away and boil things down to basics then I guess that the simplist explaination for current events would be basic criminality. Trump manipulating stocks for personal gain - it's an easy gamble because even if he came out and admitted it no-one can do anything against him because he was given immunity. Tabs should be kept on all those around him though, it's a lot of criminality and that immunity doesn't extend to them.Comment
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I think the decision to pause tariffs went like this:
Musk: Hey, I've lost some billion dollars in value.
Trump: But you've become a man.
M: A man who can't pay you if I lose more money.
T: I'll pause tariffs.
M: Great. <goes away>
T: <turns to an aide> He's a traitor who doesn't believe in me. What's Tesla biggest market?
Aide: China, my liege.
T: Raise China's tariffs, do something about the rest, I'm already late for golf. <goes away>
A: Hey ChatGPT, what should I do about the tariffs?
ChatGPT: you've run out of free credits.
A: Oh ****.Comment
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Way too late to try and look like you're doing your job now SchiffComment
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Originally posted by special assistant to trump on official X account. As if it's a good and funny thing that everyone will enjoy watching.Originally posted by Neon Ignition View PostComment
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Trump is enjoying that. Just look at any interview and he has that "yup, I'm richer now because I abused my position and noone can do anything about it" smile. Schiff can open all the investigations he wants but Congress will never move a finger against Trump.Comment
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