moron surrenders to china in trade war

[moonshinegnomie]

hes dropping his 125% tariff on china to 10% and in return china is dropping their reciprical tariff to the same.

so all he did was raise the cost of chinese imports 10%

[Javaman]

1. I agree. this is still not a win for any of us. we still are having to pay more

but maybe that was the mission. forced inflation to help his corporate buddies

[LiberalArkie]

30. Nope.. They sold their stock on the day he announced the tariffs. They bought it back this weekend.

[JT45242]

2. Pump and dump stock market for insiders...rinse and repeat

MTG plus a bunch of cabinet flunkies and donors will make a lot of money using various pump/dump and short sells every time mango Mussolini opens his mouth on tariffs

[Susan Calvin]

18. I think that's a good part of the point of this charade. nt

[Maru Kitteh]

22. I think he's so stupid he really believed manufacturing would come running back

and people would be okay with paying $35 for a pack of toilet paper and the kids having two Barbies and five pencils while he took delivery of a massive jetliner dripping with gold.

He really believed it.

[Auggie]

23. No. Post #2: "Pump and dump stock market for insiders..." He knows exactly what he's doing.

[Maru Kitteh]

28. Yeah no. He's more of an evil conduit than an evil genius. OTHER PEOPLE

know “exactly what they’re doing” and those people make sure to keep him fluffed up at all times with plenty of grift so they can get what they want, too.

He’s just not very smart.

[Dave Bowman]

24. He's living in a weird dream, a horrible nightmare for the rest of us.

[Wingus Dingus]

3. Empty ports and semi trucks got too scary.

[Omnipresent]

4. Those numbers are probably going to change again soon.

It just takes a few talking heads to say he’s made a bad deal. Then we’re back to square one again.

[Irish_Dem]

5. Damage will last for a long time, all for nothing.

[Self Esteem]

42. People keep saying this but when will it be felt?

I've heard for weeks now that the damage is going to be catastrophic but while I understand that it isn't going to be instant, eventually it has to be felt - so when?

I think people could be falling into the same trap we saw during most of Biden's presidency where everyone keeps predicting a recession that doesn't materialize.

Here's an article from over a month ago saying that consumers should start seeing an increase in a month or two.


https://www.wyff4.com/article/tariff-impact-timeline/64388339
I don't think there's been much change - just constant predictions of change.

The problem with painting a catastrophic picture is that if it that doesn't materialize, people just call you an alarmist and start tuning you out.

[Irish_Dem]

43. I am talking about the damage to the American brand as a stable, trustworthy economic power.

This damage has already been done.
And will not be easily repaired.

[Self Esteem]

44. I see.

Not sure I agree when the world continues to treat Trump like a legitimate deal maker.

If the damage was irreversible in the short term, I don't think we'd be having this conversation right now because a deal wouldn't be made.

The US' influence in the global arena is far bigger than I think people here understand or want to give it credit for. It's why Trump largely gets away with his bullying. He can talk for weeks about Canada becoming the 51st State - but who did Carney visit first after being elected PM?

The damage is superficial because the US is too important of a figure to not have it be superficial. They may not trust us but they have no choice but to accept us and that makes the damage pretty minimal.

[Irish_Dem]

45. I think you are 100% wrong.

The damage is far from minimal and some of it will take a long time to heal.
If ever.

The world giving Trump illegal bribes is part of what I am talking about.

A country which demands illegal and unethical bribes to do business is not a stable
trustworthy business partner.

Damage to our allies and friends, economic partnerships, long term agreements are serious.

The world knows the US has been taken over by a mob boss.
They must play ball to survive. This is not trust or respect.
This is short term survival.
And it will not endure, they will look for another economic options in the long run.

[Self Esteem]

46. I'm not wrong.

You're debating two things here. The world has largely normalized Trump and therefore the damage we experience will likely be limited to Trump.

[Renew Deal]

6. This might all be about paying for tax cuts

These guys often misdirect and love to use known vulnerabilities for some other purpose.

Trump lost the trade war and got nothing except a 10% tax hike on everyone.

[democratsruletheday]

7. such a worthless POS....

hate his ignorant guts

[littlemissmartypants]

8. And the bond market...?

Business on a 90-day timeline isn't good business.

Expand the grift, bake in uncertainty, stress out the attentive & bamboozle the stupid.

The 'price mark-up before the discount' trick with more market manipulation, only this time, Chinese investors can cash in, too.

Crimes in waves.

❤️RESIST!! ✊️

[mwmisses4289]

9. Wonder if favorite daughter and son-in-law

finally got it through its stupid skull that no shipments and high tariffs on China meant none of their pos stuff that is made in China would be coming here? It is all about making money any way it can, by whatever means it can.

[gab13by13]

10. Krasnov will declare victory

for going back to the way it was before he fucked it up and many people will cheer him as a great businessman.

China's exports to the US are 3 times greater than what the US exports to China.

Cutting back to 10% tariffs was a huge caving in on Krasnov's part. The only people who benefitted were the people who played the stock market. All of this was self-imposed by Krasnov.

[oldmanlynn]

11. How many millions were tucked away in his personal bank account to make these deals

I guess we won’t find out about that for many years to come, but I am sure that he’s profiting from these negotiations in some fashion

[Ol Janx Spirit]

12. I believe the U.S. dropped tariffs to 30%, and China dropped tariffs to 10%--both for 90 days only.

30% is still a really high tariff and will have an enormous impact on prices here. Not as much as 145% of course which sparked fears of empty shelves, but a 30% tariff still makes any import from China still cost almost a third more. That will be noticeable on the shelves, and there will still be products that do not come to our shores because of the burden on manufacturers.

The thing this signals loud and clear however is: don't bother planning to build a factory and make your products more expensively in the U.S. to avoid future tariffs. By the time you do get it up and running you will be vastly undercut by foreign competitors that now face no or very low tariffs because either this Administration or the next dropped them.

This current move makes it much harder to actually figure out the goal and the strategy here. But maybe that is giving them too much credit.

[Sun-Moon]

21. Please remember that on some China goods the amount could be over 30%.

The way I understand this new agreement is the original tariffs from first Trump administration is still in effect. So it will be
Original duty + 7.5-25% first term increase + 20% fentanyl increase + 10% reciprocal tariff(90 days pause). So you could see over a 50% tariff on some goods.
This is still very high for small businesses.

[Ol Janx Spirit]

39. Yes, this is absolutely true and an excellent point. Before the drop this weekend I've seen

stories of companies paying over 180% tariffs because of this--so the 30% is quite misleading. China also implemented export controls on some products and rare earth metals, so that could always factor into the equation. None of this is good news for the American consumer or businesses--it is only less bad than it was last week. And good luck planning if you are a business of any kind....

[DetlefK]

13. Ask a Republican: How will this encourage companies to build factories in the US?

[surfered]

14. Typical. He creates chaos and problems, reverses himself, then takes credit for solving the problem.

[Rebl2]

32. Exactly right

[Kid Berwyn]

15. Moronomics

"A little tough love."

[Johonny]

16. The problem is, there is already a delay

In shipping. And anyone that can wait longer will, because the tariffs keeps getting smaller. Why buy now when it probably will get cheaper later

[Wounded Bear]

17. He's on claiming "victory" now...

[Ray Bruns]

19. I believe it was 145% dropped to 30% on imports and china would drop theirs

From 125% to 10%.

So actually a 30% increase.

[chouchou]

20. He just isn't that bright. When his car had a flat tire, he thought an oil change would fix the problem.

[swong19104]

25. He didn't just do that

Due to the prior high tariff rate, no cargo came into US ports. So port workers are laid off. And truckers. And others all along the supply chain. Some of those have found other jobs. Some moved away. And others who may return to work won’t actually work for another two months because cargo ships don’t just magically appear at port, fully laden with a new shipment.

[IronLionZion]

26. But how many manufacturing jobs did he create here in the US?

[Ol Janx Spirit]

40. In his mind or in reality? I'm sure he will say he has a line of people he wont name

coming to him with tears in their eyes saying thank you.....

[BoRaGard]

27. G.O.P. Surrender Monkey in Chief

flipping draft dodging liar

[Littlered]

29. There will be a lot more to it than that.

I don’t know how much you know about them. But tariffs are only part of the overall equation. Via previous trade deals, we have been shut out entirely from out a lot of markets. Until the final details are released, we aren’t going to truly know one way or the other how it’s gonna work out. This is one of the reasons he has hit so many of our trading partners with these astronomical tariffs. Taken at their face value many of them look good on the surface but when you pull back the layers you see we are getting screwed. With that being said. I’ll never underestimate his ability to fubar. He has a talent in that way.

[Rebl2]

31. Supposedly

this for 90 days. We will see.

[Efilroft Sul]

33. Trump's creating "solutions" to problems he created, and the "solutions" are still worse than the previous status quo.

Of course, the markets would react exuberantly.

[William Seger]

35. It did, as expected, BECAUSE it was expected -- a self-fullfilling expectation

A lot of people are trying to jump back in before the expected surge peaks.

[Warpy]

34. Oh, I'm sure he got some niggling little detail in return

Chinese business negotiations have been described as "brutal" and "utterly ruthless" by people I know who have taken part in them. I would expect the Chinese to roll right over these amateurs.

King Dimwit will, of course, preen, strut, and boast of the great deals he made.

[Doodley]

36. He's looks weak to the whole world, and he looks pathetic for doing a strongman act when he caves under any pressure.

[usonian]

37. "Instead of beating the crap out of you, I point an angry finger." What a loser.

Trump got a cargo ship full of Kung Pao Poopy Paper!

[republianmushroom]

38. Out played and out dealt. Some deal maker.

[Ms. Toad]

41. Your OP isn't factually accurate.

The US drop is to 30%. China is lowering theirs to 10% - not dropping them entirely. (And the change is - theoretically - only for 90 days . . . after which Trump hopes we'll forget so he can just quietly leave them there.)