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.
The 3 largest US trading partners are tariffed higher than everyone else. AFAIU, only energy being taxed is Canadian.
Trump, has also consistently begged for a deal with China, and the very obvious bilateral reduction of 84%, in next few days, would also put Chinese tariffs below Canada.
I still hope world unites to destroy/pressure/boycott US, instead of thanking them for their tariff levels.
Honestly, it’s only a few countries that can do much to fight things. Canada due to how critical our outputs are for them is one, though we’re going to suffer a ton for the ordeal (still worth it IMO), Mexico as well for the same reasons, but the EU and China are basically it for being able to make any notable impact.
In fact, this is actually the best time for China to stand up to the US, because of their imploding economy and population (some estimates put it as low as 400million), they won’t have the international power to do much in a decade, like how little influence Russia has now. Not to mention that the EU’s been declining for a while now, though they feel like they might be in a resurgence since Russia kicked them in the asses before Trump started backing a dump truck of salt their way.
If this happened just a few years later, the US’s relative position in the world would’ve been twice as strong, so we’re lucky it’s happening now since the rest of the world has the power to resist effectively. But thanks to Trump, all nations that have strong trade relations with the US will have no choice but to diversify in the fear of Trump doing this sort of stuff for the next four years (or more if he amends the constitution for a third term like what Putin did).
You can only feel for the little guys like the Philippines that gets their entire industries rocked by the US tidal wave when they’re so poor that all they can do is beg and hope the US realizes that they’re too poor to give Trump anything at all.
because of their imploding economy and population (some estimates put it as low as 400million)
You have to stop believing absurdities. Their economy is strong and manufacturing center, but 400M would give them 2x the number of cars per capita than US, as well as double GDP/capita and 5x PPP GDP per capita. Russia is a military peer to US, and has passed Germany and Japan to be 4th in PPP GDP.
If this happened just a few years later, the US’s relative position in the world would’ve been twice as strong, so we’re lucky it’s happening now since the rest of the world has the power to resist effectively.
US has been on a decline path. Accounting tricks (mainly owner’s equivalent rent) is 15% of GDP, and healthcare 5% of GDP higher than any other country. Manufacturing decline too. Overconfidence in its own (yours?) disinformation and strength explains their current behaviour. It is certain that they would have/will be relatively weaker in 4 years.
While I agree that 400mil is really pushing it, the arguments for it is less than unconvincing. The issue is that most pre-COVID estimates (from Japanese, to Russian, even several inner Chinese ones) hover around 800-900mil. And it’s a well known fact that for that the entire time they did the Zero COVID stuff, the crematories were running at eight times normal, burning 24/7 spewing black smoke from their chimnies the entire time with countless witness reports, the numbers actually add up that their population halved in those short years. It’s hard to discount math, but…frankly as someone who trusts numbers to tell things as they are, even I find it difficult to believe.
But the economic numbers? They’re shit. Anything that says otherwise is 99% government propaganda. You can tell from all the pictures of defunct economic activities being actively scrubbed from the internet that there’s truth to it. Hong Kong is practically a ghost town nowadays. A decade ago, people were practically shoulder to shoulder on every major street during the day, but now, a few natives walking down the biggest streets without a single foreign-born in sight. No cars, no open businesses. Nothing.
There is no evidence to support that the Chinese economy is doing well on any measure. Many of the biggest Chinese companies have either left, or went bankrupt. Tencent and a few other tech giants are basically the only ones left, and that’s because they make most of their money from foreign customers. Big businesses that rely exclusively on local customers are gone or have downsized massively. Tell me, what happened to Evergrand, one of the three biggest companies in China, and one of the top 20 in the world?
And I don’t see why you are so argumentative on US’s current weaknesses. I agreed there, and yet you can’t help but attack me on that point despite completely agreeing on it? Seriously? Pick your battles and bring some data to back it up if you think I’m wrong.
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
Ah, very masculine manly behaviour from hairy chest man’s manly man Trump!
Or whatever Faux News said.
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.
It’s a little more complex. It’s market manipulation to control chaos. They are admitting that they intentionally did maximum evil, so that they could bring allies/world to its knees begging for relief, but then still put unjustified 10% tariffs on them. Through the chaos, investors and businesses most desperate to survive may have made decisions that permanently impoverished them. Don Jr. is likely to have portfolio trading gains that put Nancy Pelosi to shame.
It’s not really market manipulation to publicly say “buy now” (it would be if privately told to a few friends with notice of chaos reversal). But an issue is that those who think Trump is a lying idiot, won’t buy now, while those who think he’s orange jebus, would.
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.
At this point I’m wondering whether these belong to [email protected]. 🤭
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
