In a dramatic shift, the US president paused tariffs on most nations while hiking China’s rate to 125%, triggering a global market rally but leaving key policy details unclear.
Facing a global market meltdown, President Donald Trump on Wednesday, April 9, abruptly backed down on his tariffs on most nations for 90 days but raised his tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the United States and most of the world to one between the US and China.
“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” Trump wrote on Truth Social. Saying that more than 75 countries had asked for negotiations over the tariffs, Trump said he “authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”
Global markets surged on the development, but the precise details of Trump’s plans to ease tariffs on non-China trade partners were not immediately clear. Shortly after Trump announced his latest pivot on his Truth Social platform, the S&P 500 surged 6.0% higher to 5,281.44, snapping a brutal run of losses since Trump’s “Liberation Day” tariff announcement a week ago.
You know what markets love? Chaos! Tarrifs today; none tomorrow; the day after, who knows??
Markets love that shit.
Trump knows, his buddies know. The amount of insider trading right now must be crazy.
when the markets are this chaotic, only the wealthy can afford to trade futures. The rest of us can’t afford the risk to our life savings.
What’s savings? /s
“No, no, they’re not dead. They’re just restin’! Remarkable investments, American bonds, idn’t it? Beautiful returns!”
Yep, I’m European, I had my savings in a world ETF until last week when I pulled them out. Right now, they’d be higher than they were when I sold. Does it hurt a bit? Sure. Do I even consider going back in? Fuck no.
This kinda volatility is great if you’re a degenerate gambler or have the insider knowledge. I’m neither of these things and I’m in a personal situation where I don’t know when I’m gonna need these funds, ideally it’s in 20/30 years but no guarantees, and also I’m not in a position to keep buying monthly right now and since the last couple of years.
Now I’m just gonna sit on it for a while, and find ways to park my savings as far from the US as possible, certainly not in a world fund anymore which are 60/70% US exposure.
Congrats, they successfully pushed me and many like me out of the market so they can keep “the game” to themselves.
Apparently they do! Look at that market surge! (Don’t worry, it won’t be a problem later)
Oh China was showing disrespect to the world’s markets, I see.
JD Vance defended Trump’s controversial tariffs by stating, “We borrow money from Chinese peasants to buy the things those Chinese peasants produce.”
China’s Foreign Ministry called the comment “ignorant” and “disrespectful.”
Trump:
Based on the lack of respect that China has shown to the World’s Markets […]
They didn’t say thank you. /s
Those darn sneaky Chinese people. /s
He is going to keep up the market manipulation and insider trading the whole term, isn’t he?
Probably Just stay of the stock market if you aren’t a white house insider Its just rigged against you
The fluctuations and the obvious insider trading affects much more than just other people’s investments.
He caved.
Spread the word, irritate red hats everywhere.
They are touting this as a victory and all a part of his plan.
Is this a distraction? Is he currently purging the military and security forces of disloyal officers or something? Is there an attack on judicial independence atm? Wtfis going on?
He killed the market, let a few buddies know he was going to reverse it so they would buy stuff up cheap, then reversed it.
Literally hundreds of billions of dollars in value was just lost/made by various people in this pump and dump(dump and pump?) scheme.
Dump and trump?
Treason
They’re just playing games reaping the rewards off the stock market. Back and forth, back and forth. It’s so obvious.
I’m sure the penguins are very grateful, now back to the regularly scheduled pillage and plunder show.
