LIBERATION DAY: USA and China agree to a 90 day pause on most new tariffs

[Horseman 2,401]

6 hours ago, The Psychic Observer said:

Inflation hurts savers and retirees on fixed incomes.

Not when it forces interest rates up and they have a bunch of cash in the bank. 

The more you know. 

[Horseman 2,401]

4 hours ago, The Psychic Observer said:

and would only benefit the wealthy.  

Now we're talking. 

[KSB2424 3,148]

I just remembered my password and signed on to this hell hole and have not read one post in this thread.  I'm sure y'all have dissected this to death but I have but one question. 

Does the U.S. have a higher tariff for imports than any opposing country does to the U.S for exports?  If so, which ones?  I am genuinely curious. 

[Gepetto 1,303]

2 minutes ago, KSB2424 said:

I just remembered my password and signed on to this hell hole and have not read one post in this thread.  I'm sure y'all have dissected this to death but I have but one question. 

Does the U.S. have a higher tariff for imports than any opposing country does to the U.S for exports?  If so, which ones?  I am genuinely curious. 

Just one. Reunion Island. Every other new US Tariff is either 10% matching other countries 10%, or half of any countries' tariff that's above 10%.

[Horseman 2,401]

3 hours ago, purdygood said:

What if i dont like Government waste.. but i don't trust two rich, lying, Aholes to find it...? Then what?

Go hide in the corner and suck your thumb?

[KSB2424 3,148]

4 minutes ago, Gepetto said:

Just one. Reunion Island. Every other new US Tariff is either 10% matching other countries 10%, or half of any countries' tariff that's above 10%.

Seems like we need to remedy our tariffs for Reunion Island (I have no idea where that is at).  

Other than that, what's  the problem?  Goose and Ganders.

[Horseman 2,401]

1 hour ago, Engorgeous George said:

Dow future is down for tomorrow, but currently only 90 points.  I suspect that will get worse in the next few hours.  90 points down would almost be a victory.

I'm fine with that. Have some reballancing to finish with mutual funds tomorrow. Don't want to get caught in a bounce.  

[Gepetto 1,303]

2 minutes ago, KSB2424 said:

Seems like we need to remedy our tariffs for Reunion Island (I have no idea where that is at).  

Other than that, what's  the problem?  Goose and Ganders.

Hopefully those that disagree with these tariffs will respond to you.

[KSB2424 3,148]

7 minutes ago, Gepetto said:

Hopefully those that disagree with these tariffs will respond to you.

Reciprocal is such a strong word.  You get what you give. The real world expression for the equals sign. =

I am FOR Equal Tariff Rights!  We need to make a flag.

 

[The Psychic Observer 498]

45 minutes ago, Gepetto said:

Just one. Reunion Island. Every other new US Tariff is either 10% matching other countries 10%, or half of any countries' tariff that's above 10%.

This is incorrect.

The new tariffs are way beyond what any other country tariffs us.

[Mark Davis 346]

From a market standpoint I don't think this is over.  Even short term pullbacks tend to have relief rallies and then more dramatic falls.  Lower highs and deeper lows.  Shakes out the weak hands.  Unfortunately these are the type things that tend to cost individuals who watch their balance daily and when it gets to where they just can't take it anymore, they sell, and never are able to re-enter the market anywhere near the price they sold.  If it's longer term and deeper, it could be a good opportunity to deploy cash.

[mobb_deep 920]

On 4/2/2025 at 6:29 PM, MDC said:

The Trump admin is such a friend to the working man they laid off 60,000 of them and cut collective bargaining for a million. 

At least the Gulf of Mexico got a new name.  

My insurance premiums better go down. There’s never been a hurricane in the Gulf of America.

 from HTX 

 

[Tebok 336]

Trump slaps tariffs on penguins but not on Russia.

[seafoam1 2,821]

5 minutes ago, Tebok said:

Trump slaps tariffs on penguins but not on Russia.

Awww...poor pimpledoosh is hurting bad. 

[Tebok 336]

A chilling example of history repeating itself.

https://en.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act#:~:text=The Tariff Act of 1930,Hoover on June 17%2C 1930.

Quote

The Tariff Act of 1930, commonly known as the Smoot–Hawley Tariff Act, was a highly protectionist trade measure that was signed into law in the United States by President Herbert Hoover on June 17, 1930. Named after its chief congressional sponsors, Senator Reed Smoot and Representative Willis C. Hawley, the act significantly raised tariffs on over 20,000 imported goods in an effort to shield American industries from foreign competition during the onset of the Great Depression, which began in 1929.^[1] The act was a major factor in the reduction of American imports and exports by 67% during the Depression.^[2]

Quote

Although intended to bolster domestic employment and manufacturing, the tariffs instead exacerbated economic difficulties. Many of America's trading partners retaliated with tariffs of their own, leading to a sharp decline in global trade. U.S. exports plummeted, worsening the depression rather than alleviating it. Economists and historians widely regard the act as a policy misstep that deepened the global economic crisis of the 1930s.

Quote

The Smoot-Hawley Tariff remains a cautionary example of protectionist economic policy, frequently cited in debates over the risks and consequences of trade restrictions in modern economic discourse.^[3

Trump must love the 1930s - counterproductive, economy-wrecking tariffs and embracing facism.

Meanwhile, the two worst market drops in recent history.

[seafoam1 2,821]

9 minutes ago, Tebok said:

A chilling example of history repeating itself.

https://en.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act#:~:text=The Tariff Act of 1930,Hoover on June 17%2C 1930.

Trump must love the 1930s - counterproductive, economy-wrecking tariffs and embracing facism.

Meanwhile, the two worst market drops in recent history.

Poor pimpledoosh. The old man is just going from thread to thread just whining about the same thing. He's hurting bad. 

[The Psychic Observer 498]

Futures already down another 400.  Another meltdown again today.

The market hasn't been this bad since the last time trump was president.

Can we finally admit that Trump is bad for the economy?

[The Psychic Observer 498]

China has retaliated with the same tariffs.

Djia down another 1000.

Recession is here.

Are we great yet?

[The Real timschochet 6,534]

China announces 34% tariff as retaliation: 

https://www.nbclosangeles.com/news/business/money-report/china-to-impose-34-retaliatory-tariff-on-all-goods-imported-from-the-u-s/3670218/?amp=1

Here we go…

[Maximum Overkill 1,763]

25 minutes ago, The Real timschochet said:

China announces 34% tariff as retaliation: 

https://www.nbclosangeles.com/news/business/money-report/china-to-impose-34-retaliatory-tariff-on-all-goods-imported-from-the-u-s/3670218/?amp=1

Here we go…

https://www.newsweek.com/trump-reciprocal-tariff-chart-2054514

Look where China is 

[lickin_starfish 1,897]

48 minutes ago, The Psychic Observer said:

China has retaliated with the same tariffs.

Djia down another 1000.

Recession is here.

Are we great yet?

Why don't you cry about it?

[iam90sbaby 2,503]

Fock china about time we got off their tit 

[The Psychic Observer 498]

3 minutes ago, Maximum Overkill said:

https://www.newsweek.com/trump-reciprocal-tariff-chart-2054514

Look where China is 

That tariff chart is not real.  The numbers were made up.  China did not charge us a 68% tariff.

They now added 34%, in retaliation of what we added to them.

[The Psychic Observer 498]

2 minutes ago, lickin_starfish said:

Why don't you cry about it?

Is this what you voted for?

[lickin_starfish 1,897]

Just now, The Psychic Observer said:

Is this what you voted for?

Yup.

[Mike Honcho 5,148]

8 minutes ago, The Psychic Observer said:

That tariff chart is not real.  The numbers were made up.  China did not charge us a 68% tariff.

They now added 34%, in retaliation of what we added to them.

Here is how they figured out the rates, it's pretty nuts.

 

Quote

 

Not only are tariffs not 'reciprocal,' they're based on simple trade deficit formula, experts say

U.S. President Donald Trump stood in the Rose Garden of the White House on Wednesday brandishing a giant chart listing countries slapped with new "reciprocal" tariffs, which start at 10 per cent and grow steeper for countries with larger trade deficits with the United States.

One column of numbers claimed to show the value of foreign tariffs and "currency manipulation and trade barriers" that other countries had already placed on the U.S., while a second column listed the new tariffs from the U.S.

"They rip us off," Trump said of the European Union. "Thirty-nine per cent. We're going to charge them 20 per cent, and so we're going to charge them essentially half."

But where do these numbers come from? And are the new tariffs calculated based on trade measures that other countries have enacted against the U.S.?

The short answer is no. The White House's own fact sheet about the calculations reveals that the administration's new tariffs are based entirely on eliminating trade deficits.

The tariffs were calculated using a formula that takes how much a given country sells34ju to the U.S. (exports), subtracts how much that country buys from the U.S. (imports) to calculate the trade deficit, and then divides the trade deficit by that country's total exports to the U.S., according to experts.

In the case of the European Union, the resulting number came out to 0.389, or 39 per cent. This number, according to the White House, represents alleged unfair trading practices.

It was then divided roughly in half to produce the U.S.'s "discounted reciprocal" tariff.

 

 

[Mike Honcho 5,148]

Also, I'm sure it's been posted, but we put tariffs on an island of penguins.  

[TimHauck 2,634]

6 minutes ago, Mike Honcho said:

Here is how they figured out the rates, it's pretty nuts.

 

 

Looks like this is the problem @KSB2424

[The Real timschochet 6,534]

33 minutes ago, lickin_starfish said:

Yup.

Most of the MAGA base did vote for this; it’s true. You guys wanted this to happen, for Trump to blow up the existing economic and political order. 
However you don’t represent a majority of those who voted for Trump. The majority of Trump voters, per exit polls, were non-MAGA, traditional Republicans, independents, and some Democrats; they voted for him to lower prices and stabilize the border. Either they ignored his promises about tariffs or simply didn’t take him seriously; this includes most of the business community. 

[Engorgeous George 2,171]

5 hours ago, Mike Honcho said:

Also, I'm sure it's been posted, but we put tariffs on an island of penguins.  

They supported Oswald Cobblepotts.  Likely they are involved in the fentanyl trade.  They are bad birds.  Oh sure, they put out that they are innocuous creatures with Happy Feet, but when they get high on herring they are capable of just about anything.

[Engorgeous George 2,171]

Futures currently down 1100.  that breaks through the psychological barrier at 40,000.  Who knows what the breaking of that numerical threshold will do to the psyches of investors?  I know i will hold off making an offer on a home right now until I get a sense of where this all shakes out.  Off to the gym, and then maybe to bike if it warms up a bit.Market panic can happen without my input.

[squistion 1,980]

45 minutes ago, The Real timschochet said:

Most of the MAGA base did vote for this; it’s true. You guys wanted this to happen, for Trump to blow up the existing economic and political order. 
However you don’t represent a majority of those who voted for Trump. The majority of Trump voters, per exit polls, were non-MAGA, traditional Republicans, independents, and some Democrats; they voted for him to lower prices and stabilize the border. Either they ignored his promises about tariffs or simply didn’t take him seriously; this includes most of the business community. 

You didn't take him that seriously either, Tim. You had this "wait and see" and "let's hope for the best" attitude saying things like "we survived the first Trump term and we will this one too". I kept saying "believe him, he will do what he says" and "see Project 2025" but that is little consolation now as we are moving increasingly towards a dictatorship while Trump drives the economy off a cliff.

[The Psychic Observer 498]

3 minutes ago, squistion said:

You didn't take him that seriously either, Tim. You had this "wait and see" and "let's hope for the best" attitude saying things like "we survived the first Trump term and we will this one too". I kept saying "believe him, he will do what he says" and "see Project 2025" but that is little consolation now as we are moving increasingly towards a dictatorship while Trump drives the economy off a cliff.

Hindsight is 20/20

[squistion 1,980]

Just now, The Psychic Observer said:

Hindsight is 20/20

Not in this case for me. I was warning this was going to happen but it was dismissed as liberal hysteria.

[Tree of Knowledge 1,733]

I invested in Liberal Tears.  My portfolio is going gangbusters.   

[Hawkeye21 2,382]

59 minutes ago, The Real timschochet said:

Most of the MAGA base did vote for this; it’s true. You guys wanted this to happen, for Trump to blow up the existing economic and political order. 
However you don’t represent a majority of those who voted for Trump. The majority of Trump voters, per exit polls, were non-MAGA, traditional Republicans, independents, and some Democrats; they voted for him to lower prices and stabilize the border. Either they ignored his promises about tariffs or simply didn’t take him seriously; this includes most of the business community. 

I'm one of those non-MAGA people and I voted for this.  I've been tied of where out country has been going and I felt we needed a reset.

[RaiderHaters Revenge 4,250]

1 hour ago, Mike Honcho said:

Also, I'm sure it's been posted, but we put tariffs on an island of penguins.  

God you liberals are so stupid. I expect it from rusty but you used to be smart. 
 

here for you msnbc watchers

the islands are Australian territories. They have people that work at fisheries there.  The United States imported 325k of stuff from there.  Therefore they get a 10% tax 

but penguins!!!

[thegeneral 2,997]

24 minutes ago, Tree of Knowledge said:

I invested in Liberal Tears.  My portfolio is going gangbusters.   

Futures market shows those down 15% on the week as well thanks to Dumbo!

[RaiderHaters Revenge 4,250]

6 minutes ago, thegeneral said:

Futures market shows those down 15% on the week as well thanks to Dumbo!

Fock the millionaires and billionaires.  87% of all stocks are owned by the top 10%. They can handle it 

[thegeneral 2,997]

3 minutes ago, RaiderHaters Revenge said:

Fock the millionaires and billionaires.  87% of all stocks are owned by the top 10%. They can handle it 

I like being a millionaire.