We clearly are not in control and what he has been doing is manipulating the market for his and the benefit of the billionaires that own him. If we were really in control of the global markets why did he blink first yesterday. What country holds most of our debt? This sums up his tariff idea.
2 Likes
Totally accurate until the end where it should read I decided to pay the government extra taxes.
2 Likes
The White House will not release the list of 75 countries that have reached out on trade deals. When they do release the list it will likely include the island full of penguins.
3 Likes
The narrative will be that’s just shrewd negotiation tactics; nobody knows who is doing what, so everybody wants to get in line.
Now businesses like Walmart or Harbor Freight tools may be in a real hard spot.
Not sure what percent of their inventory comes from China, but I think it’s a significant percent. Don’t know their inventory turnover rate either, but suspect it’s pretty high, so consumers should see the impact there within weeks.
Edit: Walmart ~60% inventory from China; Harbor Freight ~85%
2 Likes
True. If we wanted to go after China, we should have the whole world on our side,
but we’ve thrown stones at our neighbors and allies and demonstrated we don’t honor prior agreements.
As we isolate ourselves, I wouldn’t be surprised for this to be a big opportunity for
the BRIC countries to advance their influence.
5 Likes
Heard the CEO from Amazon. He said they have months of inventory on hand.
Historically they have had 1-2 month restocking period with high ratio.
I’m doubtful they have more than 3-4 months inventory on hand.
1 Like
The market has given back most of yesterday’s gains. But that’s changing by the minute.
Uncertainty still sky high. I guess this will continue.
2 Likes
Is this good for American small businesses?
1 Like
Nope.
1 Like
And American consumers, when should we expect to see the benefits?
We did this to ourselves by alienating our allies.
BREAKING: China and the European Union have begun negotiations to eliminate EU tariffs on Chinese electric vehicles.
As the US ramps up tariffs on China, the EU is attempting to reduce tariffs on China in an effort to build trade relations.
If the price on everything goes up, I doubt Americans are going to want to be isolationists. Even if we get to buy American made gunpowder
Seeing reports about liberation day causing 30 year treasury yeilds to rise (likely due to selloff) and the dollor to crash. Can anyone confirm this?
Yep. Countries and international businesses are going to go around us as we are no longer a reliable trading partner. Dollar going down, gold up isn’t surprising. Also, a lot of bond holder are international. They’ll need to off load those as the interest payments become worth less and less internationally.
It depends. If a small business relies on imports, yes, they’ll have problems. Businesses that manufacture in the US could be well off.
I think a lot of small boutiques will crash & burn since they design here and manufacture there.
1 Like
Galen is probably in that group.
Nice “crash and burn”. Small business is the backbone of this country, I guess they are collateral damage for someones delusional vanity.
1 Like
We’re going to make oh ! Takeover over the world.
Is it working?