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tdgeek:
104% tariff now on China. Good luck shopping at Walmart, Best Buy, Home Depot etc
US Civil War II Electric Boogaloo - now with tanks & nukes vs. lardarses with cheap AR-15s - coming right up!
iPad Pro 11" + iPhone 15 Pro Max + 2degrees 4tw!
These comments are my own and do not represent the opinions of 2degrees.
Markets Slide Again as U.S. Plans to Move Ahead With More China Tariffs

New York Times

Reuters
Sideface
Huge ships stuffed with stuff already bought is changing 'landed' price dramatically on the fly.
Having been on the importing side of business, what a xx$%X nightmare.
China will respond, its like a slow motion auction.
Who needs who more than who. Who can outwait who. Who can outwit who.
New TV reality show for MAGA, Survivor USA - China.
Trump the liar and idiot has surrounded himself with loyal liars and idiots,
to make sure he does not get sound advice. So outwitting off the table. :- )
Hmmm about half of Teslas use LiFePo4 batteries, wonder where they come from ?
Cameras and subassemblies for FSD ?
Taiwan is getting heavily thumped too, the Ai Chips.
Canadian Aluminum and Nickel ?
Americans can still watch FOX TV in all its bigliest screen glory with limited tariff impact.
Everyone manufactures (assembles) in Mexico. TCL, Hisense, Viso, Samsung, Sony(Bravia)
With big screen TV and CPAP Machine, life is good.
In USA even manly testosterone truckers need them, courtesy of Mexico.
So Trump had to back down on Mexico?
TV assembly is easy, Apple manufacturing much more complex and sophisticated.
No matter whether you ask Trump a clever or stupid question, you always get a stupid answer from him. 😁
Tinkerisk:
No matter whether you ask Trump a clever or stupid question, you always get a stupid answer from him. 😁
Whilst the difficult we can do immediately, the impossible takes a bit longer. However, miracles you will have to wait for.
tdgeek:
104% tariff now on China. Good luck shopping at Walmart, Best Buy, Home Depot etc
kingdragonfly:
The market’s reaction was breathtaking. From being down nearly 5 per cent, the S&P 500 flipped to a 3.4 per cent gain within minutes—a swing that added an astonishing $2.4 trillion in market value, according to Dow Jones Market Data.
The party didn’t last. By 10:41 a.m., the White House swiftly denied any such plan, calling the headline baseless. Within 23 minutes, markets gave up their gains and more, erasing $2.5 trillion. Stocks settled flat by mid-afternoon, having yo-yoed on nothing more than speculation.
...
I wonder how much longer it'll take for Trump to turn the US government and economy into Bazooko's circus?
kingdragonfly:
Why is Russia not on Trump's 'Liberation Day' tariff list?
Because upsetting the boss will make Trump look bad on his next performance review?


The NY Times - Trump Backs Down on Reciprocal Tariffs for 90 Days (free unlocked link)
breaking
Stocks immediately made steep gains after President Trump’s reversal.
But he said China would not be included, raising tariffs on its exports to 125 percent after Beijing announced a new round of retaliation.

Sideface
He's so full of crap, this 90-day thing was hinted at a few days ago, and the answer was an emphatic "no", and yet here we are 🙄
Apple apparently flew in 5 planeloads of iPhones to squeak in before the China tariffs take effect.
Trump also eliminated the $800 small parcel concession so a lot of people will be finding out about extra charges on Temu, Aliexpress etc.
The repair community looks to be worried as buying in small parts to repair items becomes more uneconomic. Carriers add fees on top for handing tariff collection. It was paused due to chaos of systems not built to handle small packages, but may too be back on.
Suppose we may never see the share trading history of Trump, family and entourage.
Given the Trump and Family have got deep into Coin Pump and Dump.
Trump will enjoy world leaders coddling of him as they do their duty.
He cares not if bowing scraping and boot licking is real admiration.
The 10% on everyone including those with positive trade balance apparently remains unchanged.
Does Luxon play Golf, suppose it does not matter he just needs to lose convincingly.
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