• protist@mander.xyz
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      16 days ago

      First thing I thought. Even after today, the S&P 500 is down 5% on the month and 10% since Trump took office

  • TommySoda@lemmy.world
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    16 days ago

    “Soar” is a strong word when you consider they were higher less than a week ago. Can’t wait for the next thing he says to drop the market before the weekend so his boys can get in on the next pump and dump. He literally tweeted “NOW IS A GOOD TIME TO BUY” right before he paused the tariffs.

    • Darkmoon_UK@lemm.ee
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      14 days ago

      It’s the only word journalist know to describe something that isn’t plummeting.

  • Hobbes_Dent@lemmy.world
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    16 days ago

    I guess y’all think 90 days is enough time for China to back down and for all of your manufacturing and supply chain to spin up?

    He could change his mind on a fart tomorrow.

    Farce.

    Can’t wait to see the demands for DEI removal from sovereign nations to avoid tariffs. Or more energy blackmail.

    🖕

    • taladar@sh.itjust.works
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      16 days ago

      I wouldn’t be surprised if the US moron brigade demands from African nations that they shouldn’t hire black people anymore.

      • Ledericas@lemm.ee
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        15 days ago

        Africa can do itself a favor by expelling all the American Christians that were there writing some of the laws for some of the countries.

  • barneypiccolo@lemm.ee
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    15 days ago

    Have we forgotten that he has done this each month since he was Inaugurated?

    He crashes the the stock market with talk of tariffs. The wealthy buys options on the decline, and buy on this massive dip, and in a few days, HitlerPig announces that the countries on his list have responded to his tariff threats, so he is postponing them for a month or so.

    The stock market recovers a bit, and the wealthy will make fortune. In a month, he’ll do it all over again. This was thebthird cycle since Inauguration.

    It’s deliberate market manipulation.

  • takeda@lemm.ee
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    16 days ago

    The market reaction is dumb. 90 days bus very little for companies to adapt when years are needed.

    I think this but it’s just the people seeing his tweet immediately before he lifted the restrictions.

    Looks like we are still heading for recession and Treasury bills interest is still jumping up.

    • aleq@lemmy.world
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      16 days ago

      I think this but it’s just the people seeing his tweet immediately before he lifted the restrictions.

      Market doesn’t know if the tariffs are even coming back, and are taking the chance to buy back low.

      • takeda@lemm.ee
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        16 days ago

        He suspended it for 90 days and also previously threatened that there will be more, so we don’t even know if next week there won’t be new tariffs.

        • AA5B@lemmy.world
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          14 days ago

          It’s still possible that’s the point. Not the tariffs as a goal but as a weapon to hold over everyone’s head, to shake them down until they all bow before mango mussolini

  • puppinstuff@lemmy.ca
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    15 days ago

    Speaking from experience in Canada, the 90 days is meaningless. Welcome to the dance of constant tariff threats every two weeks only to backpedal when the market crashes.

    He does not have the attention span to wait 9 days let alone 90. This man is a toddler with a flamethrower having a tantrum.

    • taladar@sh.itjust.works
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      15 days ago

      This man is a toddler with a flamethrower having a tantrum.

      More like one flamethrower in each hand.

  • Ironfist79@lemmy.world
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    14 days ago

    I’m getting really tired of the media misrepresenting reality. Stocks are still down compared to a year ago.

  • CanadaPlus@lemmy.sdf.org
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    16 days ago

    For 90 days, if he can resist changing it again that long.

    I’m also pretty confused about how Canada and Mexico fit into this, because they said we’re included in the rollback to 10%, but we weren’t in the original “liberation day” tariffs in the first place.

  • Justin@lemmy.jlh.name
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    16 days ago

    35% Tarriffs on eu/Asia and 104% Tarriffs on China is still a recession. Other countries arent removing their Tarriffs

    The only positive thing this did was show that Trump is weak, so hopefully he’ll stay at these rates and maybe he’ll be out by the end of the year

  • ThraawnSolo@lemmy.dbzer0.com
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    15 days ago

    90 days to save up your hard earned money so you can buy the dip again…and again…and again. This is what the old shit stain is doing.

  • Phineaz@feddit.org
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    15 days ago

    Not specifically directed at OP, but I am sick of those truncated graphs.

    Also, fuck Trump. Not in a goof way.

  • SpiceDealer@lemmy.dbzer0.com
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    15 days ago

    From the article:

    The commerce secretary added on X that he and Treasury secretary Scott Bessent “sat with the President while he wrote one of the most extraordinary Truth posts of his Presidency”

    Next time I’m feeling down, I’ll just remember that someone felt the need to post on Xitter that he helped Trump write down his best posts on some shit social.

    • uienia@lemmy.world
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      15 days ago

      The normalisation of that insane shit is something the mass media has to bear a large portion of the responsibility for.