WSJ: The Great Trump Tariff Rollback

[BLMFem]

Is this another win??

 

 

 

Opinion
The Great Trump Tariff Rollback
The President started a trade war with Adam Smith. He lost.

"Rarely has an economic policy been repudiated as soundly, and as quickly, as President Trump’s Liberation Day tariffs—and by Mr. Trump’s own hand. Witness the agreement Monday morning to scale back his punitive tariffs on China—his second major retreat in less than a week. This is a win for economic reality, and for American prosperity."

https://archive.ph/GzlI6

https://www.wsj.com/opinion/u-s-china-trade-deal-tariffs-donald-trump-xi-jinping-a561d16b

[John Drake]

This is just a continuation of the stock market manipulation Trump engaged in during his first term. Remember when he first threatened tariffs against China then? The markets would drop and then there would be an announcement of "progress" and the markets would bounce back and soar. He did this over and over and over and over again, ramping up the stock market over time. BTW, Trump back then kept most of his investments in a "blind trust" which consisted almost entirely of S&P ETFs. So he only had to keep an eye out on one thing: pushing up the S&P. This gauche, narcissistic glutton is only going to take actions that enrich him and his family.

[candide]

The art of the retreat! 😆

[Tug]

1 hour ago, John Drake said:

This is just a continuation of the stock market manipulation Trump engaged in during his first term. Remember when he first threatened tariffs against China then? The markets would drop and then there would be an announcement of "progress" and the markets would bounce back and soar. He did this over and over and over and over again, ramping up the stock market over time. BTW, Trump back then kept most of his investments in a "blind trust" which consisted almost entirely of S&P ETFs. So he only had to keep an eye out on one thing: pushing up the S&P. This gauche, narcissistic glutton is only going to take actions that enrich him and his family.

He’s just milking the rubes….I wonder when the dust settles from this fiasco how much more I will be paying…..another words just how much trump tax.another caveat about trumps added tax is it wasn’t legislated it was imposed kinda like every thing he does.and there I thought I lived in a democracy…….

[BLMFem]

6 minutes ago, Tug said:

He’s just milking the rubes….I wonder when the dust settles from this fiasco how much more I will be paying…..another words just how much trump tax.another caveat about trumps added tax is it wasn’t legislated it was imposed kinda like every thing he does.and there I thought I lived in a democracy…….

Yes, the next couple of months are going to get interesting, indeed.

 

'We Currently Have No Container Ships,' Seattle Port Says

https://www.newsweek.com/seattle-port-says-no-container-ships-tariffs-2069464

 

"Several port authorities have observed a similar drop in cargo volumes over the past few weeks, warning that such a decline could have significant and adverse effects on consumers—who may face rising prices and limited product availability—as well as the supply chain-linked sectors of the U.S. economy."