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Posted
18 minutes ago, gehringer_2 said:

10% baseline is quite the walk back from where all this started. 34% on China is going to cost consumers a lot of money though. I'll wager that gets negotiated down.

It's 34 plus the existing 20. 54%!

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Posted
1 minute ago, Tigermojo said:

How long until countries decide to cut the US out and deal with someone else instead? Why would anyone make a deal with Trump when he's not honoring deals he made previously?

Trump doesn't care. An isolated/isolating  America, sort of a 1st world N. Korea, is fine with him.

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Posted

The tariff rates don’t matter.  They aren’t real.  It’s all another grift.  

The markets will crash tomorrow and maybe Tuesday giving the billionaire class that sold weeks ago time to buy in again at a lower price.    Trump will once again pause the tariffs in a few days under the guise of other countries giving in to his greatness.   The markets will quickly rebound giving the elites a massive windfall.    

Lather, Rinse, Repeat.

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Posted
5 minutes ago, Hongbit said:

The tariff rates don’t matter.  They aren’t real.  It’s all another grift.  

The markets will crash tomorrow and maybe Tuesday giving the billionaire class that sold weeks ago time to buy in again at a lower price.    Trump will once again pause the tariffs in a few days under the guise of other countries giving in to his greatness.   The markets will quickly rebound giving the elites a massive windfall.    

Lather, Rinse, Repeat.

exactly - one of two things is true of everything Trumps says: It's either a lie, or something he will change his mind about in 10 min.

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Posted
3 hours ago, Hongbit said:

The tariff rates don’t matter.  They aren’t real.  It’s all another grift.  

The markets will crash tomorrow and maybe Tuesday giving the billionaire class that sold weeks ago time to buy in again at a lower price.    Trump will once again pause the tariffs in a few days under the guise of other countries giving in to his greatness.   The markets will quickly rebound giving the elites a massive windfall.    

Lather, Rinse, Repeat.

Open to the possibility that there will be some pump-and-dump happening, but the damage to relationships with our trading partners are going to remain damaged even if there are walkbacks. And the uncertainty in the markets is going to be an impediment to the markets overall.

Posted
14 hours ago, gehringer_2 said:

10% baseline is quite the walk back from where all this started. 34% on China is going to cost consumers a lot of money though. I'll wager that gets negotiated down.

We are headed for an economy rooted on special pleading and exceptions due to insider sweetheart deals and outright graft.

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