US President Donald Trump may have announced a delay in some of his tariff plans, but the first signs of an economically-damaging slowdown in global trade are already emerging as companies around the world hit their own pause button on orders and he continues to escalate his trade war with China.

Trump announced Wednesday that he would increase import duties on Chinese goods to 125% while also announcing a 90-day pause in plans to impose higher tariffs on dozens of other economies, hitting them with a flat 10% tariff instead. China earlier in the day had raised its own new tariffs on imports from the US to 84%

https://archive.ph/VXxQl

 

One update: Trump raised the tariff to 145%

9 minutes ago, placeholder said:

Trump announced Wednesday that he would increase import duties on Chinese goods to 125%

 

Read the fine print.  That's on top of the 20% from earlier.

Tax rate on Chinese imports paid by American consumers is now 145%.

 

China has not yet responded.....

 

The gains from the relief rally following Trump's pause yesterday have now all been cofveve'd.

 

Winning!©

 

 

Won't this help with climate change ?

2 hours ago, NoDisplayName said:

Tax rate on Chinese imports paid by American consumers is now 145%.

 

China has not yet responded.....

 

My guess is that China will just blacklist every US company. China doesn't need the US, since they account for less than 15% of the exports.
I read earlier today that they already found another source for the soy beans they import from the US.
Keep going Trump, you are winning (sarcasm of the highest level) but your cult still believes it.

From the Bloomberg link in OP:

“Whipsaw movements in country tariff rates will do nothing to reduce already record levels of trade-policy uncertainty,” Bloomberg Economics economists Rana Sajedi, Maeva Cousin and Tom Orlik wrote after the pause was announced.

“Trump appears to consider uncertainty a positive for negotiations. For businesses and markets, it’s a drag.”

Still nothing from the Chinese.........

 

Assume they'll wait until half hour after the stock market opens on Monday for bigly effect.

I did that!

5 hours ago, NoDisplayName said:

 

Read the fine print.  That's on top of the 20% from earlier.

Tax rate on Chinese imports paid by American consumers is now 145%.

 

China has not yet responded.....

 

The gains from the relief rally following Trump's pause yesterday have now all been cofveve'd.

 

Winning!©

 

 

That's the Trump team's explanation now.

21 minutes ago, ThreeCardMonte said:

I suppose everyone has forgotten the market tanking during Biden’s first two years, 2008, 2000.

 

If day to day market volatility upsets you , reconsider.

 

Once the dust settles I’m confident the market will be at an all time high in six - nine months.

 

All down markets are great buying opportunities.  They’re on sale!

 

You guarantee your loss if panic selling during a down market.

After the 2008 financial crash it took over 5 years for the S&P 500 to top its old high.

https://www.macrotrends.net/2324/sp-500-historical-chart-data

 

 

It took over 4 years for Nasdaq to do that

https://www.macrotrends.net/1320/nasdaq-historical-chart

 

The stock market isn't entirely independent from the economy. Now if you believe that in 6 to 9 months Trump's actions will look economically promising then you have a point. Otherwise, not really.

Bureau of Labor Statistics figures said the Consumer Price Index fell a seasonally adjusted 0.1 percent in March. That led to a 12-month inflation rate of 2.4 percent down from the February rate of 2.8 percent, according to CNBC.

 

The core inflation rate, which excludes food and energy prices, was at 2.8 percent, the lowest core inflation rate since March 2021.
 

In case you missed it...

 

 

Just now, ThreeCardMonte said:

 

 

”the stock market isn’t entirely independent from the economy “. Agree 👍 a lot of emotions come into play regardless of earnings.  

But why did you choose 6 to 9 months? Do you think that if Trump persists with this the outlook will turn positive in that time span?

5 hours ago, blaze master said:

Won't this help with climate change ?

 

You bet it will.

 

So will the upcoming 'empty home tax' and travel / food restrictions.

 

Nasty carbon must be taken seriously and we all have to do our part.

 

</sarcasm>

1 hour ago, impulse said:

Bureau of Labor Statistics figures said the Consumer Price Index fell a seasonally adjusted 0.1 percent in March. That led to a 12-month inflation rate of 2.4 percent down from the February rate of 2.8 percent, according to CNBC.

 

The core inflation rate, which excludes food and energy prices, was at 2.8 percent, the lowest core inflation rate since March 2021.
 

In case you missed it...

 

 

 

That are the March figures, before the tariffs were in place....................in case you missed it.

 

After the tariffs are enforced, it will take 1-2 months before it is reflected in the prices.

 

In  case you missed it.............

10 minutes ago, CallumWK said:

 

That are the March figures, before the tariffs were in place....................in case you missed it.

 

After the tariffs are enforced, it will take 1-2 months before it is reflected in the prices.

 

In  case you missed it.............

Pure nonsense from you. Donald Trump has explicitly said that the exporting nation pays the tariff.

"At a rally in Arizona in mid-August, he claimed that Vice President Kamala Harris, his Democratic opponent, is lying when she refers to his tariff plan as a “Trump tax.”

“She is a liar. She makes up crap … I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country,” Trump said.

In September, he repeated the claim during an interview with Fox News: “It’s not a tax on the middle class. It’s a tax on another country.”

And he said again during a rally in Wisconsin Saturday that “it’s not going to be a cost to you, it’s going to be a cost to another country.”

https://edition.cnn.com/2024/09/09/politics/fact-check-trump-vance-tariffs/index.html

 

P.S. I see you offer no rebuttal to Trump's brilliant and insightful observations.

 

12 minutes ago, CallumWK said:

 

That are the March figures, before the tariffs were in place....................in case you missed it.

 

After the tariffs are enforced, it will take 1-2 months before it is reflected in the prices.

 

In  case you missed it.............

 

How could I have missed something that hasn't happened, and probably won't?

 

Quick question for you...  How many users are currently enjoying Biden's $40 Billion high speed internet?

 

Trump Is Already Slowing Global Trade as Companies Pause Orders

 

That is not a bad thing.

2 hours ago, ThreeCardMonte said:

I suppose everyone has forgotten the market tanking during Biden’s first two years, 2008, 2000.

 

If day to day market volatility upsets you , reconsider.

 

Once the dust settles I’m confident the market will be at an all time high in six - nine months.

 

All down markets are great buying opportunities.  They’re on sale!

 

You guarantee your loss if panic selling during a down market.

They all have selective memories, from stock markets to deportations.

Its like the markets have NEVER dropped and Obama wasnt called the 'deporter in chief'.

No tariffs were ever imposed pre Trump

10 minutes ago, impulse said:

 

How could I have missed something that hasn't happened, and probably won't?

 

Quick question for you...  How many users are currently enjoying Biden's $40 Billion high speed internet?

 

 

Is that the best you can come up with, a failed single project compared with a ruined economy?

 

Oh, and you mean this one, right?

 

https://www.theguardian.com/us-news/2025/mar/05/trump-musk-rural-internet-starlink

 

 

The Trump administration is preparing to overhaul a $42.5bn Biden-era program designed to connect tens of millions of rural Americans to reliable and affordable high-speed internet, in a move that is expected to benefit billionaire Elon Musk.

Experts generally agree that using satellite services costs less to connect difficult-to-reach homes than fiber. But fiber also provides a more reliable, faster and less expensive option for consumers.

Any change to the program could face substantial pushback from states and Congress, including Republican senators who have previously sought assurances from administration officials that the federal program, which is expected to generate billions of dollars in long-term economic growth across some of the poorest states in the US, would largely be left alone.

 

 

 

 

22 minutes ago, impulse said:

How could I have missed something that hasn't happened, and probably won't?

 

Quick question for you.

 

So you are in denial that there are tariffs in place, and that because of tariffs prices will increase for the consumer?

 

 

7 minutes ago, CallumWK said:

Is that the best you can come up with, a failed single project compared with a ruined economy?

 

What ruined economy would that be? 

 

1 minute ago, CallumWK said:

 

Quick question for you.

 

So you are in denial that there are tariffs in place, and that because of tariffs prices will increase for the consumer?

 

 

Then people will buy locally produced

4 minutes ago, CallumWK said:

Quick question for you.

 

So you are in denial that there are tariffs in place, and that because of tariffs prices will increase for the consumer?

 

If tariffs force companies to make stuff in the USA, that means more (and better) jobs, a stronger economy and (for those of you who have forgotten why the US was so instrumental in winning WW2), a stronger manufacturing base in case we need it if SHTF.

 

7 minutes ago, impulse said:

 

If tariffs force companies to make stuff in the USA, that means more (and better) jobs, a stronger economy and (for those of you who have forgotten why the US was so instrumental in winning WW2), a stronger manufacturing base in case we need it if SHTF.

 

 

Sure factories are built overnight

2 minutes ago, CallumWK said:

Sure factories are built overnight

 

They're certainly built faster than Biden's $40 billion high speed interweb.  Or California's high speed rail.

 

But that's beside the point.  Trump's looking for long term prosperity.  Not a short term, debt fueled sugar fix (and vote buying scheme) like the Dems.

 

3 minutes ago, impulse said:

 

But that's beside the point.  Trump's looking for long term prosperity.  Not a short term, debt fueled sugar fix (and vote buying scheme) like the Dems.

 

 

Thanks for confirming that in the YEARS it will take to build factories there will be pain for the US population.

1 hour ago, CallumWK said:

 

Thanks for confirming that in the YEARS it will take to build factories there will be pain for the US population.

What about all those jobs that have been lost in the US to overseas manufacturing?

 

So,  Just forget about trying to make things better, leave everything as it is

Trump's strategy viewed by MAGAs 

2 hours ago, impulse said:

 

If tariffs force companies to make stuff in the USA, that means more (and better) jobs, a stronger economy and (for those of you who have forgotten why the US was so instrumental in winning WW2), a stronger manufacturing base in case we need it if SHTF.

 

In the 1950's, the USA made over 50% of the world's steel. Now, it makes 10% of what China produces.

 

Making steel requires enormous capital investment. Who is going to want to invest their money in a country that has erratic leadership?

 

The signs are already there, the bond market is tanking along with the stock market. Trust in US treasuries is evaporating. Why not, when the nation has $36 trillion in debt?

2 hours ago, frank83628 said:

What about all those jobs that have been lost in the US to overseas manufacturing?

 

So,  Just forget about trying to make things better, leave everything as it is

So who's gonna fill all those manufacturing job vacancies? There's already a huge problem filling existing vacancies? How you plan on doing that, "Frank"?

More illegal immigrants?