Trump raises tariffs on China to 125% but announces 90-day pause for other countries – business live

Wtf is going on

This just proves that US tariff policies are unstable.

Why would any company move production to US based on tariff then? Imagine spending money to move a factory from China to America, and the next month tariffs flip flop and your competitor laughs at you all the way to the back counting earnings from their Chinese imports.

Trump is fighting against himself, and he is losing.

This is so stupid. He announce tariffs, markets tank. He pauses, markets rebound. He then imposes tariffs, markets tank. He pauses.... oh he's jerking off everyone. got it.

Pure fucking market manipulation.

At this point I kind of hope China goes nuclear and implements a complete import and export ban with the United States. China has the social infrastructure inplace and debt head room to borrow their way out of any kind of financial crisis. The United States does not.

So if the other day was liberation day, then today is…?

So he's giving the other countries a 90 day reprieve to seek other trading partners? Ones that aren't dictated by a toddler who thinks random mood swings are the basis of a sensible foreign trade policy? Smart move, trump.

The stock dropped enough, now the harvesting can Start.

"I am bleeding, making me the victor"

Trump's tariff policy is like the Windows file copy dialogue.

https://imgs.xkcd.com/comics/estimation.png

Personally I'm siding with China he's going to hit the rest of us again in 3 months again. This is blatant stock manipulation in my opinion and he should be jailed for both that and treason.

Remember when flip-flopping was bad for a politician?

Nothing says "Genius" better than changing your mind more than your Depends.

Why stop there? Why not 500% or 1000%? We'll see the greatest US market in history. It'd be legendary. Like no president has ever done before. /S

This guy is a moron. The United States will be in a self made recession or depression very soon cause of this clown.

So he imposed them on everyone to see who would retaliate the hardest and when China did he decided that ok got a target and doubled down even harder. He used it as bait to see who would be the most pissed. Someone please shoot him, cut off his head, hang his corpse from the torch of the statue of liberty.

China raises tariffs to 204% tomorrow’s headline.

It's almost like tariffs should go thru a process to be decided. Instead of decided by trump when he's sitting on toilet

Now, I'm not an economist but it looks like orange pile was just testing how he could fuck around the economic beehive. I'm gonna get my money out after it recovers and a few days before the orange pile tries anything again. Probably I should move my retirement money overseas?

I'm looking around for other strategies.

Ah yes, since the one thing that markets truly love is stability, and moving production from one country to another requires long-term planning, this will surely help with that.

He couldn't handle china retaliations so had to pause tariffs elsewhere, so he can focus on china. Now he is forcing Americans to pay 125% tax on china imports.

And its going down again. This is like rollercoaster tycoon irl

Trump the financial terrorif and his cronies are doing an absurd amount of insider trading

Tariffs that change wildly from one day to another it's something that companies really love. Because goods get teleported between countries and you can predict easily what rate you are going to get

Statesmanship involves a steady hand, consistency in language and decision.

wow, a fascist cunt biting more than he could chew? gotta be the first time.

pussy.

The Orange Turd is a complete moron. He just on a whim crashes world markets.

Coward. And now he's going to tell everyone what a great deal maker he is - it only cost the world $12 B or so.

The fact that people defend this action is appalling.

That’d be funny if everyone who isn’t rich just took their money out of the market so these billionaires can just rob each other over and over instead of actual human beings

Edit: see the correction below by another commenter because I’m vastly wrong, don’t listen to me

And then after 90 days what happens? Because if today you order stuff from another continent to be shipped by ocean, there's a chance it will arrive after that date. Especially if everyone has the same idea of frontloading their warehouses before he changes idea again

Everything's stupid and nothing matters.

There must be a universe where Trump became a train conductor. I wonder what that ride would be like and would it have equal amount of casualties.

I think some of you guys are reading way too much into this.

Trump is having a dick measuring contest while Xi is letting him fuck himself.

We rely on China more than they rely on us. Think about how obsessed we are with low prices. Trade with China brings our average prices on goods way down. China also trades with the rest of the world, and they know they can weather a trade war with the US.

China is the next world leader unless the West can somehow right the ship. WW3 is going to be about who becomes the next Economy and de-facto world leader.

For anyone who needs to hear it: Authoritarian states do not think like people, they think like empires. If you were an empire, would you take advantage of the current climate?

Disclaimer: Both China and the US are authoritarian states, strictly speaking. But the State is not unified under Trump currently, so we're seeing a combination of thinking like a state and thinking like a person coming from the US, depending on the source.

You know the first time I responded to the article, my brain rejected the title so I made a fun dumb meme.

Now my brain understands the title is real, and it doesn't understand that reality is bullshit

Well, that puts them off until after the Switch 2 launch, so good for Americans who are able to get one at launch, I guess.

Damn he really just be doin shit

I mean I, for one, do appreciate the extremely cheap Chinese imports we are about to receive overe here in sanity land. You think nobody in Europe is buying American cars now? Give it a minute, they'll be giving out BYDs in cereal boxes.