Someone seems a tad desperate:
And, yes, he did sign one of his tweets.
Oh, absolutely. As much as anything, just noting that we’re already seeing the shifting dynamic in real time.
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Production moving from China to places like India could be a silver lining in the long run. Gifting China access to all our cutting edge tech is not a good strategy for the long haul. See La, Tess.
Our military has a huge reliance on China for the electronics that go into weapons systems. How ironic would it be to find out that every iPhone is secretly fitted with a Chinese kill swi
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And/or India’s manufacturing infrastructure cannot meet Apple’s quality standards. I know in other industries (e.g. musical instruments) products from India are the new “cheap Chinese crap”.
Trump caves and announces a 90-day pause on all tariffs except for China.
Here’s the bullshit justification. Stop me if you’ve heard this before, but he’s claiming the problem is solved for everyone but China.
I’m not sure where this leaves those companies who had already announced (in Trump’s head) $7 trillion of new manufacturing investment in the US.
ETA: It’s been less than a week since the tariffs were announced.
I’ll keep saying it, I guess; this is blatant market manipulation.
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Such a fraud, can’t just admit it’s a stupid idea. 90 day pause? What for? No one needs to continue to “negotiate,” as there was never anything to even negotiate about, and they know you’re bluffing anyway. All that damage, for no fucking reason, other than to entertain his madness.
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I’ve never bought this idea just because I felt their stupidity exceeded their greed, but with these fuckers, it’s likely true.
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Who’s going to do anything about it? The remains of the SEC? Hahahaha.
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There’s minimal damage. All that $$ flowed out of the market in response to the manufactured crisis. All (or most) of the $$ will flow right back in since the stock market is a far superior investment mechanism. And, thousands of people that knew this was happening will make absolute bank. Looking at those that sold just before the crash and were buying like crazy at the bottom is likely to be a who’s who of the rich and well connected.
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Only if you do not count the destruction of the US’ standing in the world and its position as a world leader.
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Details, schmeetails…
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Oil, back up!!!
I maintain there is damage, in trust, and in competence. It has to be in the back of every investor, equity or business, that Trump stupidity is lurking around every corner. That amounts to a governor on stocks and business investment.
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Plus, Trump gets to brag that he’s responsible for the biggest market up day in years! And it’s not even a lie!
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This is essentially the equivalent of an economic dick pic.
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Of course it is. The MF is trolling us all and claiming victory.
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It doesn’t take any sort of mastermind to announce 4,000% tariffs on everything he can think of and watch as the market tanks and then announce that he’s won and most of the tariffs are off and watch the market go berserk. And when I say ‘watch’ I mean ‘participate in insider trading.’
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