I would like to see any BIG shorts placed in the previous week before this announcement. I mean thinking that something was going to come along to upset the market would be one thing, making massive profits as some did during COVID based on their insider knowledge (D and R) - that would be somehting I would want to investigate and pursue.
The more things change the more they stay the same.
I see there may be a 90 day pause on all tariffs with the exception of China -- and that the markets have recovered the loses from today (still down from the chaos of last week).
If this is true - I'll give a little kudos to Trump. Yes it was a mess of his own creation but it also takes something to walk back a huge blunder. Sure I don't expect an admission of the giant F up and the walk back wil be wrapped up as Win and how countries are pandering to him ... but I'll take any momentry piece of sanity and be happy.
Things are all over the place. Market has had peaks and valleys already and it's only 11:36.
Blue ostriches on crack float on milkshakes between the sidewalk titans of gurglefitz. --YTown
The really annoying part about this is because the 2020 stuff was tied to a global pandemic. COVID impacted every corner of the globe and did so for years.
This stuff is just so stupid in comparison.
There is no level of sucking we haven't seen; in fact, I'm pretty sure we hold the patents on a few levels of sucking NOBODY had seen until the past few years.
I see there may be a 90 day pause on all tariffs with the exception of China -- and that the markets have recovered the loses from today (still down from the chaos of last week).
If this is true - I'll give a little kudos to Trump. Yes it was a mess of his own creation but it also takes something to walk back a huge blunder. Sure I don't expect an admission of the giant F up and the walk back wil be wrapped up as Win and how countries are pandering to him ... but I'll take any momentry piece of sanity and be happy.
I just put on CNBC at lunch and they brought this up-The said that it was a report from Reuters and quickly dismissed by the administration as fake news. Then they had reporting that trump is actually looking to add additional tariffs on China
Markets around the world had tumbled earlier in the day over concerns about how Trump’s sweeping tariffs might upend the global economy and stymie economic growth. US stocks opened the day in bear market territory but surged an hour later on rumors that the Trump administration may pause tariffs — perhaps for several months.
That rumor turned out to be just that — a White House official called any suggestion that Trump would pause tariffs “fake news.” And despite hopes that some trading partners, including the EU, might be willing to negotiate with Trump, the president dashed detente hopes when he said he could slap another 50% tariff on China.
CNBC just verified that if China doesn't pull their reciprocal tariff tomorrow-we would impose an additional 50% on Wednesday-Which would make a total tariff on China about 110%
CNBC just verified that if China doesn't pull their reciprocal tariff tomorrow-we would impose an additional 50% on Wednesday-Which would make a total tariff on China about 110%
which would do 100x more damage to their economy than ours.
Trump is just getting everyone in line to make the world economy favorable to the USA.
CNBC just verified that if China doesn't pull their reciprocal tariff tomorrow-we would impose an additional 50% on Wednesday-Which would make a total tariff on China about 110%
which would do 100x more damage to their economy than ours.
Trump is just getting everyone in line to make the world economy favorable to the USA.
China accused the United States of trying to “subvert the existing international economic and trade order” by putting “U.S. interests above the common good of the international community.”
HSI is down like 20% in 5 days.
Apple ironically, got crushed. They lost 640 billion in a few days (about 20%) of their value because of their reliance on China.
I don't think people are paying enough attention to what's going on in China right now...
The Chinese stock market experienced a sharp decline over the last week, driven by escalating trade tensions between the U.S. and China.
Key developments include:
Massive Sell-Off in Hong Kong and Mainland Markets: The Hang Seng Index in Hong Kong plunged 13.2% on Monday, marking its largest single-day drop since 1997.
Similarly, the CSI300 blue-chip index in mainland China fell by 7%, reflecting widespread investor panic amid fears of a deepening trade war.
Sectoral Impact: Technology, banking, solar energy, and household appliance stocks were among the hardest hit. Major companies like Alibaba and Tencent saw their shares fall by over 10%.
Currency and Bond Market Movements: The yuan weakened to its lowest level since January, while bond prices surged as investors sought safer assets.
Government Intervention: China's sovereign wealth fund, Central Huijin, stepped in to stabilize markets by increasing its stake in domestic equities. However, investor sentiment remains cautious as further retaliatory measures are anticipated.
Global Context: The market turmoil is part of a broader global sell-off triggered by U.S. tariffs and China's retaliatory measures. This has raised concerns about a potential global recession.
Meanwhile...
All these moves are high risk / high reward. Trump has confidence that USA is the best trade partner in the world and asking for fairness and equity. This is the biggest reset since WWII, and if I'm a betting man -- I'll bet USA.
China right at the 50 yard line of FA-FO. I hope they understand that Trump will never flinch first. I hope there isn't economic Armageddon because he's too stubborn to do that. Time will tell. What I am starting to like is that every favorable negotiation, as noted above, hurts China waaay more that it hurts us.
Not everyone that Backed Trump is for these tariffs. The truth is, I wouldn't be surprised that most of them that are "in the know" are not for these tariffs because they are aware of the threat to the USA. What most of them are however, is afraid of their own shadow. Trump has a long history of going after those that defy him in any way. In fact Trump is already going after Ackman.. I suspect that it won't be long before Trump attacks Musk in some way..
A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs, or risk "a self-induced, economic nuclear winter".
Amid market turmoil, hedge fund manager Bill Ackman said the president should take three months to allow countries to renegotiate their trading relationships with the US.
On Monday, Mr Ackman's warning was echoed by other prominent Wall Street figures, with JPMorgan Chase chairman Jamie Dimon saying that Trump's tariffs risked pushing up prices for Americans.
Despite the shockwaves, the American president is moving ahead, with the White House rushing to label a rumour he might put new tariffs on pause as "fake news". Watch: "Sometimes you have to take medicine to fix something" - Trump defends tariffs
The rumour on Monday morning that Trump was considering a 90-day pause briefly lifted a swiftly sinking stock market after it was reported on financial network CNBC.
The White House almost immediately shot down the report, showing Trump's commitment to his new import taxes. Stock prices largely stabilised afterward.
The "baseline" tariffs of 10% on most countries' goods that Trump announced last week have already gone into effect, while the higher "reciprocal" rates he wants to impose on the "worst offenders" are expected later this week. Some countries are seeking to negotiate lower rates with the White House.
The new tariffs, added to steep levies Trump has already put on goods from Canada and Mexico, as well as all automobile imports, are worrying business and economic leaders that they will push up prices for American consumers and spark a global trade war. Watch: Is the US heading into a recession? Three warning signs to watch
The head of BlackRock, the world's largest asset manager, said on Monday that the tariffs will raise prices and possibly inflation, and contribute to an economic downturn, according to media reports.
"Most CEOs I talk to would say we are probably in a recession right now," Larry Fink, the firm's CEO, told a meeting of the Economic Club of New York.
Goldman Sachs on Sunday said there is a 45% probability of the US entering a recession within the year, after estimating a 35% probability a week ago, before Trump unveiled his tariff plans at an event called "Liberation Day".
Trump says the import taxes will boost his country with new jobs and investment.
He defended them on Sunday, telling reporters aboard Air Force One that "sometimes you have to take medicine to fix something".
In his post on X on Sunday, Mr Ackman acknowledged the Trump argument that the global trade system had "disadvantaged" the US.
But, he wrote, tariffs that Trump had imposed were "massive and disproportionate", and did not distinguish between American friends and enemies.
Mr Ackman, the billionaire founder of Pershing Square hedge fund management company, became a high-profile supporter of Trump, a Republican, in July 2024.
He had previously backed the rival Democratic Party, and his intervention was seen as an important electoral endorsement from the world of business.
Live updates as Trump's tariff turmoil deepens Asian stocks see their worst drop in decades 'Sometimes you have to take medicine': Trump defends plan How UK might handle the tariffs Faisal Islam: The fallout will be messy
The "reciprocal" rates from the Trump administration, which can reach up to 50%, will be levied on some important manufacturing centres in Asia.
Numerous countries have vowed to respond, and China has already retaliated with new tariffs of its own on goods imported from the US. Trump on Monday threatened to put an additional 50% tariff on goods from the country, which would bring the total taxes he intends to charge to more than 100%.
Trump had launched an "economic war against the whole world at once" that risked shattering investor confidence in the US, Mr Ackman commented.
Mr Ackman said the American leader now had "an opportunity to call a 90-day time out, negotiate and resolve unfair asymmetric tariff deals, and induce trillions of dollars of new investment in our country".
His post on Sunday indicated that he felt the ball was back in Trump's court - after an earlier message on X which urged leaders of other countries to "pick up the phone" to make a deal with Trump.
As stock markets around the world continued their slump on Monday, the head of banking giant JPMorgan Chase offered his own take, warning of "many uncertainties" around the new tariffs policy.
In a letter to shareholders, Mr Dimon said the tariffs will "likely increase inflation and are causing many to consider a greater probability of a recession".
"The quicker this issue is resolved, the better because some of the negative effects increase cumulatively over time and would be hard to reverse," he wrote.
Trump's officials have downplayed the recession risk. The baseline 10% tariff is already in effect, with the higher rates faced by some countries due to come into effect on Wednesday.
Speaking aboard the presidential plane on a flight back to Washington DC on Sunday, Trump himself said European and Asian countries were "dying to make a deal".
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.” Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe." Damanshot
Where did you see that? You didn't. Why do you constantly make things up -- you make a fool of yourself. Trump has said nothing about Ackman.
You and Ackman do have something in common though, you both helped get Trump elected. He did it with his money, you did it with your nonsense and lies.
That’s a fair post. Edit - I was replying to the long post you had with the Tweets and then your thoughts. Didn’t want to quote the whole thing all over again.
Regardless of how this works out, my BP has been elevated.
Last edited by dawglover05; 04/07/2508:21 PM.
Blue ostriches on crack float on milkshakes between the sidewalk titans of gurglefitz. --YTown
people keep saying China is gonna feel the pain. Ok, and we're not? we don't process materials or make anything worth a damn in this country.
and the businessmen - ya know, majority conservative/Trump voters - DONT WANT TO BUILD HERE, and DONT WANT TO HIRE AMERICANS. So now us normies have to sit back and watch the elites go to war with each other while we get left in the dust, AGAIN.
Thanks, guys.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
Rare earth minerals will be a huge problem. There are other Asian countries that have the potential to export and China has gone full court press to prevent them from making the market competitive by saying things like “It’ll ruin your environment if you mine for this stuff!” Acting like it’s the first time they ever cared about the environment.
Blue ostriches on crack float on milkshakes between the sidewalk titans of gurglefitz. --YTown
And we're making it easy for them. China has no shortage of trade partners to make deals with, and the "bad actor" has remained more stable than the US the last 10 years.
All my life i heard how bad the chinese were from the very businessmen that happily outsourced jobs to that country. so now I question calling them our enemy or competitor when our free market has treated them the exact opposite.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
And tomorrow on the 9th… there will be no tariff increase withdrawn by China. So the ridiculous little [censored] in the oval will have another tantrum and raise tariffs again. Do any of you realize china makes 16.5% of all goods imported into the US? Laptops, cell phones, cameras, etc. are going to cost triple at this rate. And some of you still think you’re winning. YCMTSU.
I think China sees itself as competitor more-so than enemy. The American businessmen that exploited them for cheap labor, taught them how to use business economics as a weapon to empower China, and learn they did. And for the last 2 decades, they smiled, took your money and leveled the economic playground. MAGA and Trump with their isolationist BS are gonna give China the world’s markets and even more trade partners. Before Trump pulled this tariff stunt, China was on pace to surpass the US for biggest economy in the mid to late 2030s. I’m beginning to think it will be within the next 4 years.
So, I feel we are supposed to think of the Chinese as enemies because of the communism; but in truth it’s because they’ve embarrassed the American elite.
I think China is the economic threat and Russia the military threat. And it’s obvious Trump will do anything for Vlad, while smacking Xi. Both are recipes for disaster, especially when you abandon your allies and treat them like dirt. But hey, winning, right?
A few weeks ago I said we’d see the dow drop below 30K during Trump’s 2nd term. Today we hit the 38K and change zone. These tariffs are going to bring real pain if our major trade partners can’t manage Trump. It’s not going to take negotiation, he just needs to feel they’ve capitulated, then he will treat them nice. I think he thinks being POTUS has made him BOSS of the world, 2nd only to Putin, who he fears with every cell in his body. Dude’s a wimp and an imbecile, laughing stock of the world. So, he uses the power of America to carry out these crimes against everyone and his petty personal slight revenge campaign on the world. In his mind we’re already wearing swastikas and he has that one inch mustache.
Have you ever seen a world leader with less ability to see the big picture? And he lies more than Putin, that’s fact. YCMTSU.
And tomorrow on the 9th… there will be no tariff increase withdrawn by China. So the ridiculous little [censored] in the oval will have another tantrum and raise tariffs again. Do any of you realize china makes 16.5% of all goods imported into the US? Laptops, cell phones, cameras, etc. are going to cost triple at this rate. And some of you still think you’re winning. YCMTSU.
Yep. Where else are laptops made? India, Vietnam and Taiwan. And where else are cell phones made? India and Vietnam (this would be real easy if you iPhone users would wake up).
Who came to the table yesterday? Yep.
I don't know if you've noticed all the onshoring since Trump took office, but a betting man may just wager that that could easily continue with tech products. Especially as the factories continue to automate-out humans. Especially since many of these companies have experienced serious supply chain issues exacerbated by an arrogant China since, uhhhm... that thing in Wuhan happened.
I'm not sure what actual on-shoring has taken place in the 3 months since Trump took office.
I've seen some companies "announce" that they're actually following through on previously negotiated stuff, and I've seen companies announce new things for the not-to-soon future. The latter is a definite positive, but we've seen that these agreements aren't written in stone. Market volatility is the absolute WORST thing for large investments like on-shoring.
There is no level of sucking we haven't seen; in fact, I'm pretty sure we hold the patents on a few levels of sucking NOBODY had seen until the past few years.
Where did you see that? You didn't. Why do you constantly make things up -- you make a fool of yourself. Trump has said nothing about Ackman.
You and Ackman do have something in common though, you both helped get Trump elected. He did it with his money, you did it with your nonsense and lies.
Where did you see that? You didn't. Why do you constantly make things up -- you make a fool of yourself. Trump has said nothing about Ackman.
You and Ackman do have something in common though, you both helped get Trump elected. He did it with his money, you did it with your nonsense and lies.
Where do EITHER of these links say anything about "In fact Trump is already going after Ackman" Just quote the sentence, quote anything that backs up your lie.
nothing makes sense anymore. The dow has strongly rebounded today. We are at 39,000 at the moment. Who knows if we will stay there. But, this is dow is for instant reaction.
The stock market fluctuates. People shouldn't have been crowing when it was going down and shouldn't be crowing about it when it's going up. We've been seeing how people said they would start buying when it got low. That may be what we're seeing now. Which gives no indication of any long term trend.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
And tomorrow on the 9th… there will be no tariff increase withdrawn by China. So the ridiculous little [censored] in the oval will have another tantrum and raise tariffs again. Do any of you realize china makes 16.5% of all goods imported into the US? Laptops, cell phones, cameras, etc. are going to cost triple at this rate. And some of you still think you’re winning. YCMTSU.
Yep. Where else are laptops made? India, Vietnam and Taiwan. And where else are cell phones made? India and Vietnam (this would be real easy if you iPhone users would wake up).
Who came to the table yesterday? Yep.
I don't know if you've noticed all the onshoring since Trump took office, but a betting man may just wager that that could easily continue with tech products. Especially as the factories continue to automate-out humans. Especially since many of these companies have experienced serious supply chain issues exacerbated by an arrogant China since, uhhhm... that thing in Wuhan happened.
Let’s pretend Trump isn’t just lying and assume there have been concessions and promises made to “onshore” manufacturing. Will it be like Carrier? Will it be like the mega Foxconn factory Trump had a ground breaking ceremony with? Those things never materialized… I think you are being pacified with lies or incomplete truths. Don’t be a sucker, resist the binky.
And I’m not pretending to be against anything that makes life better for every day Americans… But so far I’m not seeing it. You know what I am seeing? I’m seeing the world work around us, some placating Trump, some forging new alliances and trade agreements to move on without us. AND just like I predicted, the Chinese responded to Trump’s ultimatum with “China VOWS to fight these tariffs to the end.” Now the ball is in Trump’s court.
I don’t know how many times I have to display “globalist” common sense trying to help Trump supporters remember how the world works before y’all wake up. These tariffs will do nothing to improve your life. Trump will do nothing to improve your life. He has already said what he thinks of working people’s pain and he said IDGAF. He is intentionally hurting his base and they are cheering it on like some kind of sick Stockholm Syndrome.
This has moved beyond partisan politics and culture wars. He’s literally breaking the America you had the privilege to grow up in and trying to replace it with an Oligarchic state. But please, defend them all you want. I hope you are right in your views of Trump not being that bad… Because Trump’s grand idea for the working class seems to be to break our economy and impoverish us to the point that our cheap labor will be able to out compete China, India, etc. And all while he destroys education and divides us into new economic classes of Elite and Serfs.
Two other factors to consider with regards to onshore manufacturing and the creation of manufacturing jobs in the US.
Firstly is investment and timing. Trump is going to be in power for another 3 years 8 months. If the company wants to build a new factory or invest billions with a b, It is going to take time. As you've alluded to with other companies who made big announcements and commitments during term 1, they never materialised as promised. Foxconn was a tiny fraction of the headlines. Apple the same.
The second and probably an even bigger factor. Us unemployment rate? Is it currently at 4.2%. that is pretty darn close to being what most economists feel is full employment. Who and where are we going to get the people to fill these jobs? Given the push on stopping and removing immigrants, we might even have a bigger hole to fill.
Then let's talk about the cost of goods made here Vs overseas.
The more things change the more they stay the same.
Where did you see that? You didn't. Why do you constantly make things up -- you make a fool of yourself. Trump has said nothing about Ackman.
You and Ackman do have something in common though, you both helped get Trump elected. He did it with his money, you did it with your nonsense and lies.
Where do EITHER of these links say anything about "In fact Trump is already going after Ackman" Just quote the sentence, quote anything that backs up your lie.
Still waiting...
Still waiting for what? Do you really think I sit at my computer all day just to hear what ever you say because it's so damned important.
Trump would NEVER go after Ackman by himself.. He'd send his minions...
And that's what the articles show.
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.” Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe." Damanshot
Where did you see that? You didn't. Why do you constantly make things up -- you make a fool of yourself. Trump has said nothing about Ackman.
You and Ackman do have something in common though, you both helped get Trump elected. He did it with his money, you did it with your nonsense and lies.
Where do EITHER of these links say anything about "In fact Trump is already going after Ackman" Just quote the sentence, quote anything that backs up your lie.
Still waiting...
Still waiting for what? Do you really think I sit at my computer all day just to hear what ever you say because it's so damned important.
Trump would NEVER go after Ackman by himself.. He'd send his minions...
And that's what the articles show.
Ahhhh, so you lied. Why not just say "I lied" and save all the grief? It's not like anyone here is, or would be, surprised. You're all empty lies and crazy rhetoric anyway.
So here... this is "In fact Trump is already going after Ackman"...
(NEC) Director Kevin Hassett said in a Monday interview that billionaire hedge fund investor Bill Ackman “should ease off the rhetoric”
Thanks for the laughs, you're the gift that keeps on giving. Now crawl back under your rock.
welp, time to build a new PC before prices skyrocket. AMD FTW
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
China is an unelected dictatorship with long term outlooks on everything they do. Mentioned that in a recent post I think - we plan everything based around 4 year election cycles and the Chinese are planning for the next 100 years .... Yes the Chinese market has plumetted - but if we think Trump doesn't care much about the short term pain, I'd argue China cares less and has less (no) political fall out and risk from a trade war.
The more things change the more they stay the same.
that's dope! i already built mine out and ordered all the parts on newegg.com last night. gonna be running back and forth to microcenter all day and tomorrrow prepping my laboratory for another rig!!
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
Thanks for the laughs, you're the gift that keeps on giving. Now crawl back under your rock.