The Tarriff Hype.
- Thread starter petros
- Start date
Are they…90 minutes ago (?) or are they now (?) or will they be still in another 90 minutes?
Trump pauses tariffs on most nations for 90 days, raises taxes on Chinese imports — The Canadian Press
WASHINGTON (AP) — Facing a global market meltdown, President D
Who knows? Depends on the time of day, & the way the stars align, & the size of Trumps prostrate, & what kind of mode he’s in, & maybe Milenković cycles?
White House: China’s Trade Escalation Is a Mistake
[VIDEO]President Trump is throwing Beijing an offer for a deal amid an escalating trade war. But if the regime doesn’t take the bite and remove its revenge tariffs, US tariffs totaling more than 100% will take effect at midnight. The European Union scrambling to prevent China from diverting goods from the US to Europe in the face of tariffs. Details on EU commission head’s phone call with China’s premier. And what does the escalating rhetoric between the US and China mean? Mike Sekora, Founding Director of the Socrates Project in the Reagan White House, breaks it down.
Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed off his tariffs on most nations for 90 days even as he further jacked up the tax rate on Chinese imports to 125%.
It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.S. and most of the world to a showdown between the U.S. and China. The S&P 500 stock index jumped 9.5% after the announcement, but the drama over Trump's tariffs is far from over as the administration prepares to engage in country-by-country negotiations. In the meantime, countries subject to the pause will now be tariffed at 10%.
The president hit pause in the face of intense pressure created by volatile financial markets that had been pushing Trump to reconsider his tariffs, even as some administration officials insisted the his reversal had always been the plan.
As stocks and bonds sold off, voters were watching their retirement savings dwindle and businesses warned of worse than expected sales and rising prices, all a possible gut punch to a country that sent Trump back to the White House last year on the promise of combatting inflation.
If I’m awake in 90 minutes, I’ll check again.
It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.S. and most of the world to a showdown between the U.S. and China. The S&P 500 stock index jumped 9.5% after the announcement, but the drama over Trump's tariffs is far from over as the administration prepares to engage in country-by-country negotiations. In the meantime, countries subject to the pause will now be tariffed at 10%.
The president hit pause in the face of intense pressure created by volatile financial markets that had been pushing Trump to reconsider his tariffs, even as some administration officials insisted the his reversal had always been the plan.
As stocks and bonds sold off, voters were watching their retirement savings dwindle and businesses warned of worse than expected sales and rising prices, all a possible gut punch to a country that sent Trump back to the White House last year on the promise of combatting inflation.
If I’m awake in 90 minutes, I’ll check again.
Asked why White House aides had been insisting for weeks that the tariffs were not part of a negotiation, Trump said: “A lot of times, it’s not a negotiation until it is.”
There’s the consistency for businesses to plan around. Stock markets, etc…
Trump is consistent in his inconsistency, anyone paying attention would see that . Stop sweating the little things .
1. In a video, Schiff said:
So today Trump removed many of the tariffs he had imposed in this on, again, off again, it must be Wednesday. Tariffs are off again, kind of policy. This has just wreaked havoc on the markets of course, but there is another profound danger as well, and that is insider trading within the White House within the administration.
You may have seen early in the day Trump tweet this Now this is a good time to buy. So the question is between that tweet and Donald Trump's announcement that he was reducing the tariffs on most other nations apart from China, the question is who knew what the President was gonna do and did people around the president trade stock knowing the incredible gyration the market was about to go through?
Because, look, this is a president who is trading in his own meme coin, even as he's president, his kids are trading in their own cryptocurrency. You've got people like Elon Musk who are doing their own conflicted self dealing in the administration. In any administration, this corrupt it is more than necessary to ask, were people personally profiting from insider information while people's savings, their retirement accounts were being torched?
So we're writing to the White House to demand answers. Now, I am fully cognizant of the fact that the White House is probably the last place to be forthcoming about this. Or any other corruption in the administration. We in Congress need to do more than demand answers. We need to do the oversight necessary to get those answers.
To date. Republicans have not been willing to do this, not when it comes to insider trading. Uh, potentiality, not when it comes to anything, but we have been very fortunate in the minority that so many whistleblowers have come forward with information about corruption in the administration. Just a few days ago, I held a hearing with people who had to quit the Justice Department, were fired at the Justice Department because they were observing corrupt activity that they would not participate in.
We have tremendously benefited from courageous people coming forward, so we invite whistleblowers to step forward, but at the end of the day, we're gonna get to the bottom of this, whether people were profiting off the pain of the American people.
Source Link: https://www.thedailypoliticususa.com/p/adam-schiff-is-investigating-trump
2. Poster's Comment:
Everybody surely desires to have the modern version of King Midas' golden touch, not to turn everything, including food and even his own daughter into gold, but to play yoyo with the stock market or make it go up and down through hand gestures, facial expression and waving a baton like an orchestra conductor.
Additional Reference:
www.independent.co.uk
www.greeka.com
So today Trump removed many of the tariffs he had imposed in this on, again, off again, it must be Wednesday. Tariffs are off again, kind of policy. This has just wreaked havoc on the markets of course, but there is another profound danger as well, and that is insider trading within the White House within the administration.
You may have seen early in the day Trump tweet this Now this is a good time to buy. So the question is between that tweet and Donald Trump's announcement that he was reducing the tariffs on most other nations apart from China, the question is who knew what the President was gonna do and did people around the president trade stock knowing the incredible gyration the market was about to go through?
Because, look, this is a president who is trading in his own meme coin, even as he's president, his kids are trading in their own cryptocurrency. You've got people like Elon Musk who are doing their own conflicted self dealing in the administration. In any administration, this corrupt it is more than necessary to ask, were people personally profiting from insider information while people's savings, their retirement accounts were being torched?
So we're writing to the White House to demand answers. Now, I am fully cognizant of the fact that the White House is probably the last place to be forthcoming about this. Or any other corruption in the administration. We in Congress need to do more than demand answers. We need to do the oversight necessary to get those answers.
To date. Republicans have not been willing to do this, not when it comes to insider trading. Uh, potentiality, not when it comes to anything, but we have been very fortunate in the minority that so many whistleblowers have come forward with information about corruption in the administration. Just a few days ago, I held a hearing with people who had to quit the Justice Department, were fired at the Justice Department because they were observing corrupt activity that they would not participate in.
We have tremendously benefited from courageous people coming forward, so we invite whistleblowers to step forward, but at the end of the day, we're gonna get to the bottom of this, whether people were profiting off the pain of the American people.
Source Link: https://www.thedailypoliticususa.com/p/adam-schiff-is-investigating-trump
2. Poster's Comment:
Everybody surely desires to have the modern version of King Midas' golden touch, not to turn everything, including food and even his own daughter into gold, but to play yoyo with the stock market or make it go up and down through hand gestures, facial expression and waving a baton like an orchestra conductor.
Additional Reference:
Trump accused of ‘market manipulation’ with tariff pause: ‘WTF! Who’s in charge?’
Democratic lawmakers want answers after critics blast the president’s alleged insider trading and ‘pump and dump’ scheme
www.independent.co.uk
Myth of King Midas and his golden touch - Greek Myths | Greeka
Information about King Midas and his golden touch as well as many other myths.
www.greeka.com
Trump Hikes Tariffs on China to 125 Percent After Beijing Opts to Play Hardball
[VIDEO]
President Donald Trump is hiking tariffs on China to 125 percent after Beijing opted to play hardball. Meanwhile, other countries are getting a 90-day pause. NTD has the details on the escalating trade war. Treasury Secretary Scott Bessent says that countries that come to the negotiating table—and don't retaliate—would be rewarded. A look at who has hit back and who has not. Secretary of Defense Pete Hegseth has said the United States is taking back influence in the Panama Canal from the Chinese Communist Party. NTD has more on his plan to meet Beijing’s rising challenge. Is the leader of the Chinese Communist Party losing his grip on power? Insider sources and a growing number of articles within China's news media are hinting at Xi Jinping's declining authority. Those speculations are reflected by the disappearance of several of his closest aides inside the Chinese military. But here's the catch: some of them are the key players in Xi's plan to invade Taiwan.
Shortly after US markets opened on Wednesday morning, Trump wrote on his social media platform Truth Social: “THIS IS A GREAT TIME TO BUY!!! DJT”.
Less than four hours later, he shocked investors by announcing a 90-day pause on additional trade tariffs on most countries except China, sending share indexes soaring.
In America the S&P 500 blue chip index closed up by more than 9%, while the technology-focused Nasdaq index shut more than 12% up. Stocks continued to rise in Asia and Europe on Thursday, with Japan’s Nikkei 225 index up by 9%, and London’s FTSE 100 index rising by as much as 4% in early trading.
Trump does not usually sign off his post with his initials. Those letters happen to be the same as the ticker for Trump Media & Technology Group, the business that controls Truth Social, whose stock shot up by 22% on Wednesday.
The timing of the US president’s posts and subsequent huge share jumps has sparked accusations of market manipulation. The Democratic senator Adam Schiff has called for an investigation, saying: “These constant gyrations in policy provide dangerous opportunities for insider trading.
When asked by US reporters on Wednesday evening when exactly he arrived at his decision to pause the tariffs on most countries for 90 days, Trump said: “For a period of a time. I would say this morning. Over the last few days, I’ve been thinking about it.”
However White House officials have argued the shift was part of the strategy all along, with his press secretary, Karoline Leavitt, arguing it was his “art of the deal” at work.
Several investors have used volatility in the stock market in recent weeks as a buying opportunity. The US representative for Georgia, Republican and Trump ally Marjorie Taylor Greene, disclosed that she had made several purchases on 3 and 4 April – days when there were sharp market falls after Trump first detailed his “liberation day” tariffs on 2 April – including shares in Amazon.com and Apple. Shares in the technology companies rose by 12% and 15% respectively on Wednesday.
Trump ignites ‘insider trading’ accusations after global tariffs U-turn — Guardian US
US president posted it was ‘a great time to buy’ on social media just hours before pausing tariff impositions
Shortly after US markets opened on Wednesday morning, Trump wrote on his social media platform Truth Social: “THIS IS A GREAT TIME TO BUY!!! DJT”.
Less than four hours later, he shocked investors by announcing a 90-day pause on additional trade tariffs on most countries except China, sending share indexes soaring.
In America the S&P 500 blue chip index closed up by more than 9%, while the technology-focused Nasdaq index shut more than 12% up. Stocks continued to rise in Asia and Europe on Thursday, with Japan’s Nikkei 225 index up by 9%, and London’s FTSE 100 index rising by as much as 4% in early trading.
Trump does not usually sign off his post with his initials. Those letters happen to be the same as the ticker for Trump Media & Technology Group, the business that controls Truth Social, whose stock shot up by 22% on Wednesday.
The timing of the US president’s posts and subsequent huge share jumps has sparked accusations of market manipulation. The Democratic senator Adam Schiff has called for an investigation, saying: “These constant gyrations in policy provide dangerous opportunities for insider trading.
When asked by US reporters on Wednesday evening when exactly he arrived at his decision to pause the tariffs on most countries for 90 days, Trump said: “For a period of a time. I would say this morning. Over the last few days, I’ve been thinking about it.”
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However White House officials have argued the shift was part of the strategy all along, with his press secretary, Karoline Leavitt, arguing it was his “art of the deal” at work.
Several investors have used volatility in the stock market in recent weeks as a buying opportunity. The US representative for Georgia, Republican and Trump ally Marjorie Taylor Greene, disclosed that she had made several purchases on 3 and 4 April – days when there were sharp market falls after Trump first detailed his “liberation day” tariffs on 2 April – including shares in Amazon.com and Apple. Shares in the technology companies rose by 12% and 15% respectively on Wednesday.
While Trump has paused many of the new country-specific tariffs, he has maintained pressure on China, the second biggest economy in the world. He increased the tariff on Chinese imports to 125% from the 104% level that started on Wednesday. Beijing could respond again after hitting US imports with 84% tariffs that began on Thursday. Check back in 90 minutes or so.
Trump ignites ‘insider trading’ accusations after global tariffs U-turn — Guardian US
US president posted it was ‘a great time to buy’ on social media just hours before pausing tariff impositionsapple.news
400% Increase in China Tariffs!
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To make sense of what you're hearing the chimps ooo ooo an ah ah over is "trade war". It's not, it's a monetary policy war with no shortage of international "actors" playing a role.
China screwed themselves hard. Really hard.
How so? They banned bitcoin and bitcoin mining.
If you have gold, get rid of it now. Why? Ask me.
China screwed themselves hard. Really hard.
How so? They banned bitcoin and bitcoin mining.
If you have gold, get rid of it now. Why? Ask me.
Russia has / had a lot of gold which they have to be using to pay their allies. Canada has none on hand although plenty in the ground.
China still wants to dethrone the USD as the global reserve currency backed by gold.
US is aboot set up a CBDC (Central Bank Digital Currency) to replace the USD as the global reserve currency.
All the gold the US has been stockpiled will be dumped send the value plummeting leaving China who has been stockpiling for more than 15 years with a pile or worthless yellow metal.
China is the main producer of gold and they export zero. They buy all they produce in order to make their move.
Factories in China have already started to shutter and imports of crucial goods just doubled.
This will force them to start selling gold to keep the lights on as well as to buy oil and most importantly....fertilizers. Take away either fertilizer or fuel and they starve.
If US gold is dumped China loses huge.
Ukraine is currently blowing up the Russian oil industry and Iran is aboot to go offline as well. Russian fertilizer is sanctioned and not easy for China to get. It used to be exported thru the Baltic. Not anymore.
Who is China going to buy fuel and fertilizer from? Botswana?
Who has fuel and who has fertilizer? Canada.
Is Carney a Beijing bootlicker? Fuck yeah. So if we don't go along with the plan of bringing China to their knees, guess what happens? We get crushed by tariffs for aiding China.
Carney himself has already stated he wants to back China as the new global economic leader.
Does he want to take on the BRICS "UNIT" as our favoured currency?
There is nothing funny about China having the global reserve currency.
Our way of life would crumble to dust which is why it's a monetary policy war and not a trade war.
This is pure bullshit. Whether a pair sneakers sells for $20 or $200. The input costs are nearly the same. It cost the same to make Nike as it does generic sneakers.
youtube.com
Chimps love to lie.
Why Your Next Pair of Sneakers Might Cost a Lot More
A $150 pair of sneakers could jump to around $230 under Trump's tariffs — and if they were made in the U.S., they'd likely cost even more.
youtube.com
Chimps love to lie.