Tariff Man and his tariff plan cause market plunges

HDGristle's Avatar
https://thehill.com/opinion/white-ho...ning-disaster/

I have to agree. For all the bluster he really is a terrible negotiator and the markets recognize this
HDGristle's Avatar
As Yahoo Finance's Josh Schafer wrote in our preview of the week, the stock market remains largely at the mercy of Trump's tariffs. Different headlines and shifts in narratives have driven big market swings over the past several weeks, with all three indexes down over 5% since Trump's "Liberation Day"event.

Meanwhile, investors are grappling with a growing concern: Trump's bluster around removing Fed Chair Jerome Powell. Trump has repeatedly criticized Powell for allegedly keeping interest rates too high, with his latest insult posted on Monday morning, warning that the economy could slow "unless Mr. Too Late, a major loser, lowers interest rates, NOW."

Trump's new focus on Powell comes after theFed chief delivered a stark warningabout the potential effects of tariffs on the economy
https://finance.yahoo.com/news/live/...133040598.html
HDGristle's Avatar
Hell of a day. More Trump Tariff fears and Poewell attacks lead to another drop
bambino's Avatar
bambino's Avatar
REPORT: China’s retaliation against President Trump’s tariffs just blew up in their face.

After grounding dozens of Boeing planes, Beijing thought it had the upper hand, but now that move is backfiring—badly.

Chinese factories are collapsing under the weight of economic uncertainty, and insiders say more than half could shut down this year.

One supplier admitted, “I nearly passed out” after a major U.S. client suspended all orders.

And it’s not just the tariffs.

Zero Hedge reports China is spiraling—deflation, unpaid wages, and collapsing property giants—all while the CCP scrambles to hide the damage from the world.

Trump’s critics call it reckless. But what the unpredictability of Trump is working miracles—keeping China guessing at every turn?
HDGristle's Avatar
We have had more layoffs for the last q since the Great Recession, 2Q will blow those layoffs away w numbers, it’s called cutting your nose off despite your face.

If he can negotiate china does two simple things, quit over manipulation of their currency and to have exact reciprocal tariffs or zero tariffs on items both sides utilize to greatly benefit the cost of living in both countries. There’s no easy solution on steel dumping ect but there’s a great deal of products that benefit both sides, that’s a place to start along w the currency issue.

He’s going to have to finalize fairer deals w our neighbors as well, the disruption that will eventually take place in supply chain plus the spiraling dollar will literally crush our economy worse than what is supposedly happening in China.

Friends and allies are friends and allies until you try and bully them for their lunch money, there are plenty of others to be some friends with that won’t bully you for your money. This bullying will just force others to speed up investments into their own technologies (where US is at a huge trade surplus when adding value added services in which Trump doesn’t count as revenue for trade but obviously it is)
HDGristle's Avatar
WASHINGTON (AP) — The outlooks for the U.S. and global economies have significantly worsened in the wake ofPresident Donald Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday.

The IMF said that the global economy will grow just 2.8% this year, down from its forecast in January of 3.3%, according to its latest World Economic Outlook. And in 2026, global growth will be 3%, the fund predicts, also below its previous 3.3% estimate.

And the Fund sees the world’s two largest economies, China and the United States, weakening: U.S. economic growth will come in at just 1.8% this year, down sharply from its previous forecast of 2.7% and a full percentage point below its 2024 expansion. The IMF doesn’t expect a U.S. recession, though it has raised its odds of one this year from 25% to 37%.

China is also forecast to grow more slowly because of U.S. tariffs. The IMF now expects it will expand 4% this year and next, down roughly half a point from its previous forecasts.

The forecasts underscore the widespread impact of both the tariffs and the uncertainty they have created. Every country in the world is affected, the IMF said, by hikes in US import taxes that have now lifted average U.S. duties to about 25%, the highest in a century.
https://apnews.com/article/recession...3c094776b87552
bambino's Avatar
This is a pretty big deal..

�� JD Vance just announced that America and India have officially finalized terms of reference for trade negotiations

Looking at India’s economic forecast report, this is a game-changer.

With India’s 1.4 BILLION people and $3.4T economy, we’re talking $130–180B in US exports, 500K–1M new jobs, and slashing our $45.7B trade deficit by $10–15B by 2030.

From $1–2B in agriculture to $10–20B in defense, this deal taps directly India’s massive market and directly counters China’s influence.

THIS is exactly what I voted for..

https://rumble.com/v6sf6mv-jd-vance-...rence-for.html

Article
That’s a great sign, I voted for Trump for two reasons, the ideology is sound from illegals all the way to reworking deals so rest of world pays their fair shares…the second is dems are so far removed from what America wants, it’s almost unamerican IMO. That common sense rights for law abiding citizens, the 99 percent of country is put on back burner so superior rights are given to convicts, trans ect at the expense of the 99 percent is ass backwards. I’d had voted for manchin if he ran as moderate common sense and grounded person, I knew Trump was dangerous and an asshole but I was more concerned w far left turning USA into San Francisco
REPORT: China’s retaliation against President Trump’s tariffs just blew up in their face.

After grounding dozens of Boeing planes, Beijing thought it had the upper hand, but now that move is backfiring—badly.

Chinese factories are collapsing under the weight of economic uncertainty, and insiders say more than half could shut down this year.

One supplier admitted, “I nearly passed out” after a major U.S. client suspended all orders.

And it’s not just the tariffs.

Zero Hedge reports China is spiraling—deflation, unpaid wages, and collapsing property giants—all while the CCP scrambles to hide the damage from the world.

Trump’s critics call it reckless. But what the unpredictability of Trump is working miracles—keeping China guessing at every turn? Originally Posted by bambino

China rang-up President Trump today and said, "Let's talk... "

... ...

#### Salty
HDGristle's Avatar
Sure would love a link on that "let's talk"
bambino's Avatar
Sure would love a link on that "let's talk" Originally Posted by HDGristle
https://t.me/realtalk2024/47764


HDGristle's Avatar
https://t.me/realtalk2024/47764


Originally Posted by bambino
I see. More twaddle, but a bump is a bump
HDGristle's Avatar
And with this Tariffman's signaling that he finally realizes his tariff plan does more harm than good. And that attacking Powell doesn't help either.

Remember folks, tariff isn't a dirty word. How Tariffman had planned to and been using them has been a disaster. Don't forget,this was his miracle snake-oil cure-all that was a tax on other countries. It would make us rich with tariff revenue that would replace income taxes. It would bring back all the American manufacturing that was lost.

The fever dreamed twaddle of a delusional Tariffman who rolled the markets bigly so he can praise pennies gained aon dollars lost. And erode our reputation as a stable ally.

https://www.bbc.com/news/articles/c86jyw5jp6go