Trump Tariff Strategy

[jerrymahoney]

Headline today from the irreputable NYTimes:

 

Trump Expands Trade Threats in Global Game of Chicken
Trade wars with allies could spiral as the president tries to get trading partners to back down from retaliation with new threats of his own.

 

OR 

 

You put your right foot in,

you take your right foot out,

you put your right foot in and you shake it all about.

You do the hokey pokey and you turn yourself around.

That’s what it’s all about.

 

 

[cjinchiangrai]

The strategy is to create temporary revenue bubbles that can be used to justify tax rebates to billionaires. The disruption of NATO and US trade alliances. Is just a bonus for Putin. Trump is a thief and a traitor.

[jerrymahoney]

On 3/14/2025 at 8:24 AM, jerrymahoney said:

Headline today from the irreputable NYTimes:

 

Trump Expands Trade Threats in Global Game of Chicken
Trade wars with allies could spiral as the president tries to get trading partners to back down from retaliation with new threats of his own.

 

OR 

 

You put your right foot in,

you take your right foot out,

you put your right foot in and you shake it all about.

You do the hokey pokey and you turn yourself around.

That’s what it’s all about.

 

 

REDUX NY Times headline today:

 

Markets soar after Trump backs down on tariffs

[Dcheech]

Trump never had a plan or strategy. He's just pulling it out of his a--, like he has always done. It's why he has had to file bankruptcy six times.  He still has lots of time to work on bankruptcy number seven.

[theshu25]

The village idiot is backpeddling as quick as he can. Realised he totally f...ed up and trying to make out he is being the nice guy. Total moron that should not be left in charge of a hamburger stand let alone a country.Can see why he screwed every business he has had.  Total loser and village idiot.

[Tug]

I dono I’m just a regular guy but to me it seems he’s doing a pump and dump.he’s manipulating the market pure and simple crashes it then passes a lifeline so those in the know with deep pockets make a killing.hes just put a pause on tariffs to all but China meanwhile some in the know are cleaning up…..follow the money.( in my opinion)( perhaps dump then pump would be a better analogy) certainly not good governance!

[jerrymahoney]

Re the backpedaling reference above from NY Times this morning:

In announcing the pause, the White House repeatedly tried to suggest it was part of a premeditated strategy. Ms. (Karoline) Leavitt accused reporters of having “failed to see what President Trump is doing here,” and Scott Bessent, the Treasury secretary, said it was Mr. Trump’s “strategy all along.”

Or as Chico (not Groucho) Marx once put it:

Who are you going to believe, me or your own eyes?

[wozzlegummich]

THERE IS NO STRATEGY. This is just slash & burn and see what pops up. His bunch of moron financial advisers include one that has a fictional mentor, named as an anagram of his own name!

TRUMP himself has no business acumen whatsoever.  He leaves behind him a litany of failed businesses and bankruptcies and is notorious for NOT paying what he owes.

God HELP America!

[bamnutsak]

What happened to the "National Emergency" used to justify The International Emergency Economic Powers Act (IEEPA)

 

https://www.congress.gov/crs-product/IN11129

 

to invoke tariffs?

 

Although IEEPA has never previously been used to impose tariffs, in 1971, former President Richard M.
Nixon used the similarly worded Trading with the Enemy Act of 1917 (TWEA), upon which IEEPA was
based, to impose a 10% tariff on all imports into the United States in response to a monetary crisis.

 

 

[placeholder]

2 hours ago, jerrymahoney said:

Re the backpedaling reference above from NY Times this morning:

In announcing the pause, the White House repeatedly tried to suggest it was part of a premeditated strategy. Ms. (Karoline) Leavitt accused reporters of having “failed to see what President Trump is doing here,” and Scott Bessent, the Treasury secretary, said it was Mr. Trump’s “strategy all along.”

Or as Chico (not Groucho) Marx once put it:

Who are you going to believe, me or your own eyes?

Who are you going to believe, me or your own lying eyes?

[jerrymahoney]

Well that was not the original quote but no problem.

[placeholder]

2 minutes ago, jerrymahoney said:

Well that was not the original quote but no problem.

My mistake.

[jerrymahoney]

Again no problem. From Marx Brothers Duck Soup (1933):

 

Mrs. Teasdale: Your Excellency! I thought you'd left.
Chicolini: [Impersonating Rufus T. Firefly] Oh, no, I no leave.
Mrs. Teasdale: But I saw you with my own eyes!
Chicolini: Well, who you gonna believe? Me or your own eyes?

[FlorC]

In a post on his Truth Social platform, Mr Trump said the "90-day pause" was for the "more than 75 countries" who had not retaliated against his tariffs "in any way".

He added that during this period they would still have to pay a "substantially lowered" 10% tariff, which is "effective immediately".

 

https://news.sky.com/story/trump-pauses-higher-tariffs-for-most-countries-for-90-days-but-increases-those-on-china-to-125-13345402

 

His strategy is pretty clear . 

Big tariff shock > who's willing to make a deal ? > pause for 90 days and lower tariffs to 10 % (for now). 

Retaliate ? > no pause > bigger tariffs.

 

The minute Trump pauses the big tariffs , the THB goes up again.... F...

[placeholder]

12 minutes ago, FlorC said:

In a post on his Truth Social platform, Mr Trump said the "90-day pause" was for the "more than 75 countries" who had not retaliated against his tariffs "in any way".

He added that during this period they would still have to pay a "substantially lowered" 10% tariff, which is "effective immediately".

 

https://news.sky.com/story/trump-pauses-higher-tariffs-for-most-countries-for-90-days-but-increases-those-on-china-to-125-13345402

 

His strategy is pretty clear . 

Big tariff shock > who's willing to make a deal ? > pause for 90 days and lower tariffs to 10 % (for now). 

Retaliate ? > no pause > bigger tariffs.

 

The minute Trump pauses the big tariffs , the THB goes up again.... F...

Nice try. This is from the Fox News business correspondent:

 I don't want to say this, because I am a patriot, I'm an American, but it is the White House who capitulated, based on everything I hear, and all of my sources. And the reason why is because of the bond market and what happened last night. You know, Bessent knows this better than anybody, when you have yields on the 10-year rising to 5%, stuff starts shutting down when you have the lending market screwed up. By the way, who's dumping the bonds? Somebody asked him if it was China, right? It wasn't, it was Japan.

https://www.mediamatters.org/fox-news/charlie-gasparino-it-white-house-who-capitulated

 

[FlorC]

Don't worry , the FED will soon be printing money again , buy treasuries and rates will drop , just like Trump wanted.

Check mate Powell.

[bamnutsak]

Just now, FlorC said:

Don't worry , the FED will soon be printing money again , buy treasuries and rates will drop , just like Trump wanted.

Check mate Powell.

 

One-D chess.

 

 

[TheAppletons]

41 minutes ago, bamnutsak said:

 

One-D chess.

 

 

 

  One-D "go fish".

[Chalong circle]

Trump is such a genius. Everything was planned. 555555

[bannork]

Loads of money, here's potentially the top winners.

Trump's Truth Social post hours before the pause on tariffs, urging it was a 'great time to buy,' suggested making hay while the sun shines. 

Is it actually legal for the leader of a country to offer advice about investments? Surely a conflict of interest?

Whatever, Elon Musk's Tesla's stock surge added $36 billion to Musk's wealth, pushing his net worth to $330 billion.

Amazon UK

Jeff Bezos's Amazon's 12% jump boosted Bezos by $18.5 billion, with his fortune reaching $226 billion.

Mark Zuckerberg's Meta's rally lifted Zuckerberg's wealth by $25.8 billion, bringing him to $208 billion.

And across the pond in Blighty, Jim Ratcliffe also saw gains, with INEOS stock up $1.3 billion.