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Trump raises China tariffs to 125% but announces 90-day pause for others (www.cnbc.com)

submitted 1 week ago by [email protected] to c/[email protected]

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Trump in a Truth Social post says he is “immediately” raising U.S. tariffs on Chinese imports to 125% “based on the lack of respect that China has shown to the World’s Markets.”

But Trump in the same post says he has “authorized a 90 day PAUSE” for other countries, pointing to what he says are more than 75 nations who have reached out to negotiate.

That pause, and “a substantially lowered Reciprocal Tariff during this period, of 10%,” are both “effective immediately,” Trump writes.

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[–] [email protected] 6 points 1 week ago* (last edited 1 week ago) (1 children)

Uh, it is all market manipulation. Tarrifs, subsidies, grants, hell, even tax breaks on selected things, sectors, etc.. China. The EU and the USA, well most countries do it.

Anyway, the point here is that no one who knows how to play the market should have moved a dime through the fluctuations but many people get overly jumpy for no reason. This crap will pass but the media is fear mongering a bit too much.

Yes, those who wanted to play with risk, could have bought into the dip. You do not have to be a millionaire/billionate to know or do any of this. You just have to be in the market as to make some money. Like Google is not going out of business, if the stock went down then yeah why not buy into it?

I recall that when the Iraq war broke out, tons of soulless stockbrokers went nuts into American weapon manufacturers, specifically corps that made missile parts.

It is always the same and the same thing happens all the time. Same with the Ukrainian war. Guess who invested in weapon manufacturers again?

[–] [email protected] 1 points 4 days ago

The most insidious part is that these ghouls depend on creating fear and uncertainty to spook people, largely with retirees who will be left to the mercy of Social Security if their investments were to be decimated. It was galling to see Trump bragging about Charles Schwab and some other insider making billions of dollars directly from his market manipulation.