fruits of tariffs

[Salty Again]

Originally Posted by VitaMan

News today is Trump will impose 50% more tariffs on China Wednesday if China
does not remove the 34% tariff they applied in response to Trump's 34 % tariff.


Also he hinted he may pause tariffs on other countries for 90 days.


This kind of haphazard approach has little benefit. It just increases the uncertainty of what Trump will do next. Are the companies considering moving plants to the US now supposed to go on pause ?

... Nope, there is NO 90 day pause on the tariffs.
That was Fake News.

However, President Trump may cancel some of the tariffs
as a number of nations are willing to bargain. ...

China is gonna need to roll over. And quit-with the
ripping off America.

#### Salty

[Lantern2814]

Even the EU has already caved and wants 0 for 0 tariffs. And the left cries some more as their Chicken Little act gets laughed at.

[HDGristle]

Not quite. That offer was weeks ago.

https://www.theguardian.com/world/20...f-announcement

They're looking at some retaliatory packages

[pxmcc]

Originally Posted by Lantern2814

Even the EU has already caved and wants 0 for 0 tariffs. And the left cries some more as their Chicken Little act gets laughed at.

the left lol? what in the beejesus do you think Trump's Wall Street buddies think about this whole tariff thing..

or is Jamie Diamond now left wing..

Trump has presided over the greatest loss of wealth since the pandemic wrecked the economy. tariffs are intended to be inflationary, so the fed literally cannot lower interest rates. Trump has totally checkmated himself.

his best bet is to blame Lutnick and roll back his tariffs. sad but true..

[Lantern2814]

Negotiations beginning. Reports coming from today. Another loss for the Chicken Little left.

[Schwarzer Ritter]

Originally Posted by Yssup Rider

He is a fucking moron and is bankrupting the world.

There will be no WWIII because nobody will have any money to buy his bombs.

Dumb dumb dumb.

And we ALL knew it was coming. Even the great Americans who support him to this very 11th hour.

Sky has fallen. Somebody needs to stop this asshole.

Rich, you calling anyone a moron. That last sentence sounded like a threat. Am I reading you correctly?

[The_Waco_Kid]

Originally Posted by pxmcc

the left lol? what in the beejesus do you think Trump's Wall Street buddies think about this whole tariff thing..

or is Jamie Diamond now left wing..

Trump has presided over the greatest loss of wealth since the pandemic wrecked the economy. tariffs are intended to be inflationary, so the fed literally cannot lower interest rates. Trump has totally checkmated himself.

the Fed can and will lower interest rates. tariffs don't prevent that. shows your lack of knowledge on the subject.


Jamie Dimon .. my former boss .. is a Democrat. always has been.

[VitaMan]

It is sad to see the MAGAs and right wingers try to spin this into some sort of "it's the left against the tariffs".


The fact is the market has now lost 6,000 points since the Trump administration took over.


It is also a fact Trump campaigned on "If Biden is re elected, the markets will crash".


Now Trump intends to impose another 50% tariff on China April 09 unless he gets his way.

[The_Waco_Kid]

Originally Posted by VitaMan

It is sad to see the MAGAs and right wingers try to spin this into some sort of "it's the left against the tariffs".


The fact is the market has now lost 6,000 points since the Trump administration took over.


It is also a fact Trump campaigned on "If Biden is re elected, the markets will crash".


Now Trump intends to impose another 50% tariff on China April 09 unless he gets his way.

Jamie Dimon is neither MAGA or right wing. and he's not against tariffs

[VitaMan]

Originally Posted by Salty Again

... Nope, there is NO 90 day pause on the tariffs.
That was Fake News.

#### Salty

Reuters got it wrong ?


(Reuters) - Wall Street's main indexes reversed course and moved sharply higher after White House economic adviser Kevin Hassett said in an interview that President Donald Trump was considering a 90-day tariff pause on all countries expect China.

[pittlicker]

I've said it before, but I swear he could shit on some of you people's faces and you'd thank him for including you in his efforts. He's a clown and Biden was a clown. No real choice for the American people. Let's try making America half-assed normal again!

[VitaMan]

Originally Posted by The_Waco_Kid

the Fed can and will lower interest rates. tariffs don't prevent that. shows your lack of knowledge on the subject.
]

That it not what the poster was saying at all. He was saying if inflation rises rapidly again due to tariffs, the FED will not be able to lower interest rates. Per your opinion the FED "will" lower interest rates, that is no sure thing now.

[The_Waco_Kid]

Originally Posted by VitaMan

That it not what the poster was saying at all. He was saying if inflation rises rapidly again due to tariffs, the FED will not be able to lower interest rates. Per your opinion the FED "will" lower interest rates, that is no sure thing now.

you both are wrong. show me that tariffs somehow prevent the Fed from lowing the interest rates. you do know that the tariffs Trump levied against China among others in his first term didn't cause inflation .. yes?


i'll wait

[pxmcc]

you don't get it sir, so allow me to explain..

the fed has a dual mandate: maximize employment, and keep inflation in check. as i mentioned in another thread, inflation isn't a bug of Trump's tariffs; it's the point.

his idea is that tariffs will cause imports to become so expensive that consumers will have no choice but to buy American. one problem: America makes a tiny fraction of all the garbage sold in Wal-Mart, which is largely made in China. so consumers will have a choice: pony up, or go without. for necessary products, they will pony up. voila, that's inflation. how does the fed fight inflation? by raising interest rates.
your comment that the fed can lower interest rates is correct. but will the fed? not a chance, not when inflation is running at 5 or 6%.

and, Jamie Diamond's political affiliation doesn't matter. What matters is the consensus on Wall Street is that tariffs and the trade war needs to end. and those are Trump's peeps..

Originally Posted by The_Waco_Kid

the Fed can and will lower interest rates. tariffs don't prevent that. shows your lack of knowledge on the subject.


Jamie Dimon .. my former boss .. is a Democrat. always has been.

[NiceGuy53]

Originally Posted by HDGristle

Not quite. That offer was weeks ago.

https://www.theguardian.com/world/20...f-announcement

They're looking at some retaliatory packages

The article you cite also says the EU zero for zero offer is still on the table. Maybe you missed that.