Oh, so a real 90-day pause, after the fake 90-day pause was leaked yesterday?
This is market manipulation.
It certainly is being used like that for those who are able. I’m convinced though that it’s complete incompetence surrounded by people who don’t dare say anything negative about his tactics (well, the ones who aren’t enjoying it for various things like the power trip, money, etc.). My reasoning - he’s not just affecting the stock market numbers, he’s completely destroying things that do make the country prosperous.
When a bull storms into a china shop, you don’t claim that he doesn’t like a certain brand of crystal and he’s just knocking them over to increase the value of the rest of the store inventory.
He posted that now is the time to buy right before the pause.
Is clearly, inarguably intentional. Unless it’s some kind of joke I’m too poor to understand?
That certainly was intentional. It’s a no-brainer even for him that when the line is down him backtracking will bounce things up some. Whether or not this whole thing is for that purpose or not, let’s just say that as market manipulations go, it’s pretty terrible to have to break everything to make a buck.
It does certainly rhyme with what Elon doea with Tesla stock and dogecoin, but this time its with the entire economy of the US.
At the same time, it also seems like we are inching towards normalization of relations with the US, so I really hope this keeps up.
The funniest thing about this is, if you’re a US manufacturer with a lot of inputs from China and you’re selling to a global market, the smartest thing to do now is very likely going to be moving your manufacturing outside of the US.
Does that prevent any tariff hits?
Asking as someone not sure what happens to the American/Texas international mega corp that owns the manufacturing plant I work at in Alberta.
Exporting TO the USA will still suck, as I understand. Even if they’re an American company? Idk. The corpo bots say so anyways. China economy is/was stagnant, so there isn’t actually any room to expand market there is what I was told.
idk I’m expecting layoffs, plant closure, or the plant goes Canadian owned. They tried being privately owned a couple decades in the past but, it was difficult for them to network sales.
It’s a risk I knew existed, manufacturing is so fragile.
Canadian, Chinese, and Mexican countries are still being tariffed by the USA at full announced rates currently.
That might change next time they’re lined up for another options run on the market.
It prevents tariffs on inputs, which lowers costs of goods sold for products sold outside the US. Goods sold into the US would still be tariffed, but if the inputs are largely from China, it would still likely be cheaper to manufacture outside the US, not pay the 125% tariffs on inputs, and deal with the lower tariff rate into the States.
I mean, if your costs on inputs are going to go up from 125% tariffs by being in the US, but you can manufacture somewhere that the US is only charging 10% tariffs, it’s a strong incentive to move manufacturing to that low-tariff destination and only face a 10% tariff on what your selling.
What works for any specific company would come down to their own mix of inputs, target markets, and other factors.
He probably assumed every country would come and kiss his ass when he announced it. Someone finally convinced him how badly he fucked up and is now walking it back. He’s done the same fucking thing over and over.
Talk out of his ass, walk it back, then claim the win for fixing the problem he started. I doubt this will last 90 days, and I hope that other countries keep up their own terrifs.
I do enjoy the idiots going on about “The market is massively up today, go Trump!” While ignoring the fact it’s still down quite a bit from where it was before all the bullshit
Edit: Aaaand it’s going back down again
LOL, I just noticed that and was about to comment the same thing. I knew it was going to crash again, I didn’t think it would be this soon.
And I agree. Watching these idiots try to defend and explain each new insane decision by trump is like watching a master class in mental gymnastics
I think this applies to us except the 10% he added
“Things are still going to be expensive for the commons.”
Stock goes up
Like I said elsewhere, I don’t think this is a total manipulation to increase wealth, but damn if it does show the market is a huge smoke and mirrors and not anything of substance.
It might not be manipulation, but from the “buy now” messaging that they said, it effectively is.
The White House initially said the flip-flop would leave Canada with another 10 per cent baseline tariff, but later reversed course. Ultimately, there are no new changes to tariffs on Canadian goods today.
I think we should stay the course with our reciprocal tariffs especially if we can get EU to do the same.
Trump might not always be dumb enough to pick a fight with someone his own size so we should take advantage of the situation.
trump is likely being pressure from the investors that are shorting the stocks from the manipulation right now.
All the more reason to take the opportunity to get what we want. He essentially getting spit roasted on both sides of you want to imagine that
From what I understand everyone is still getting the 10% except China, who is getting hosed.
Ah, very masculine manly behaviour from hairy chest man’s manly man Trump!
Or whatever Faux News said.
At this point I’m wondering whether these belong to !EhBuddyHoser@sh.itjust.works. 🤭
Thanks, I have joined.
It’s all just a big show for him.
I sure hope Temu can survive this - I buy a lot of things there that are the same as on Amazon but 5x cheaper. Same model exactly.
Temu is built on slave labor
And they use plastics that are only allowed in china for a very good reason.
And Amazon isn’t?
I’m not saying they are not, but Temu is far, far, far worse
Amazon you’re just slightly more removed from it. 90% of the stuff on there is literally made in the same factories, by the same slave/forced/grossly underpaid labour.
And on top you get to enrich Jeff Bozos while supporting slave labour…But you have to buy cheap crap from somewhere?
Yeah. Don’t use amazon
