Economy Trump's April 2nd Tariffs

[lsa]

Stocks cratering again this morning. Did I miss some dumb announcement over the holiday weekend?

yes

https://truthsocial.com/@realDonaldTrump/posts/114376239725335883

 

[HockeyBjj]

yes

https://truthsocial.com/@realDonaldTrump/posts/114376239725335883

I fucked up the economy and now am begging the guy I hired, that I now hate, to fuck the economy up further to give some short term relief.

 

[pinger]

Stocks cratering again this morning. Did I miss some dumb announcement over the holiday weekend?

Trump has threatened to sack Federal Reserve chair Jerome Powell because he won't do what Trump wants in regards to interest rates.

Again, it would be unprecedented and massively destabilizing to the financial markets. Likewise, it would crater confidence in the financial markets generally, and point to further lack of confidence in Trump's fiscal management (if there was already any doubt).

 

[HockeyBjj]

“The concurrent slump in stocks, the USD, and Treasuries suggests Trump’s trade war has set in motion an exodus from American financial assets that no amount of negotiating can reverse,” Crisafulli wrote.

This sounds bad. That's bad right?

 

[aerius]

“The concurrent slump in stocks, the USD, and Treasuries suggests Trump’s trade war has set in motion an exodus from American financial assets that no amount of negotiating can reverse,” Crisafulli wrote.

This sounds bad. That's bad right?

Not really. It's all part of the plan.

Economy Post in thread 'Trump's April 2nd Tariffs'

Apr 3, 2025

5-D chess people, 5-D chess!

• aerius

• 
• 

 

[SandisLL]

“The concurrent slump in stocks, the USD, and Treasuries suggests Trump’s trade war has set in motion an exodus from American financial assets that no amount of negotiating can reverse,” Crisafulli wrote.

This sounds bad. That's bad right?

In general EU businesses and banks etc had started to prepare since Sept - October 2023 th.
Long term fun will just begin to warm up a little. .. . . . . . .. ..... . .

 

[44nutman]

Trump literally said yesterday he didn't want to put tariffs on China up anymore and stated it was because "people won't buy".

He WANTS people to buy from China so he can collect the tariff tax.

I'm being serious.

Trump says he might not want to raise tariffs on China any higher: 'At a certain point, people aren't going to buy'

Trump said he may not raise tariffs more even if China goes beyond the 125% duty it currently has on US goods.

www.businessinsider.com

He's telling you straight. It's a tax, nothing more.

Trump is now a terrible triple threat; dumb, gigantic ego, and now Sundowning.
Plus side I am make a ton of money off his god awful stock market

 

[MrShady]

Trump is now a terrible triple threat; dumb, gigantic ego, and now Sundowning.
Plus side I am make a ton of money off his god awful stock market

"I think I preferred Sleepy Joe" - most rational conservatives when looking at their portfolios lol

This guy in charge of the economy

 

[MrShady]

The markets are soaring.

Wanna bet they won't be soaring for long? If Trump doesn't change his mind about China, this was a relief rally and nothing else lol

Oh Whippy you sweet poor naive lil boy

 

[HARRISON_3]

I fucked up the economy and now am begging the guy I hired, that I now hate, to fuck the economy up further to give some short term relief.

lol, classic Trump

 

[HockeyBjj]

lol, classic Trump

My biggest mental whiff was in 2015 I did think Trump, as a big businessman, would at least know how to hire competent people and delegate and not micromanage in areas he has no expertise because clearly a CEO of a multifaced business would have to do that to run.

 

[HARRISON_3]

My biggest mental whiff was in 2015 I did think Trump, as a big businessman, would at least know how to hire competent people and delegate and not micromanage in areas he has no expertise because clearly a CEO of a multifaced business would have to do that to run.

Hey, back in the 90’s I thought he was a big time business man, too!

Spoiler

 

[aerius]

My biggest mental whiff was in 2015 I did think Trump, as a big businessman, would at least know how to hire competent people and delegate and not micromanage in areas he has no expertise because clearly a CEO of a multifaced business would have to do that to run.

There's a reason he's bankrupted his businesses as many times as he has. Trump's talent as a businessman is convincing other people that he's a good businessman when he actually isn't. As I've said ad nauseam on this forum, I wouldn't trust him to run a hotdog stand.

 

[44nutman]

https://finance.yahoo.com/news/live/stock-market-today-dow-sinks-1000-points-sp-500-nasdaq-tank-with-trumps-tariffs-powell-bashing-in-focus-133040554.html

Market Makers are not happy with a dude with more business failures than you have fingers wanting to fire Jerome Powell.
Poor JPow he almost landed the soft landing plane, but he did not realize he would have some dumb sundowning Orange Idiot, deciding to Tariff the world before he went after China.
I can not believe people actually think Trump is good at business. He is great at grifting the Rubes with Bibles, Meme Coin Rug Pulls, Camel Toe NFT's but when it comes to keeping America at the top of the heap in the Worlds Economies, Trump is terrible.

Also Dollar is sinking. #ThanksTrump

MSN

 

[44nutman]

Stocks cratering again this morning. Did I miss some dumb announcement over the holiday weekend?

Market are crashing and Trump has decided to blame Jerome Powell for it, and threatening to fire him.
Problem is people that are actually good at investing and dont make money scamming their supporters, think firing Jerome Powell is a horrible fucking idea, but Trump being dumb, old and having a giant ego, of course thinks its a great idea to fire Jerome Powell.
Also, Jerome Powell like most people who have read a book and don't rely on Fox News for their opinion, said Trumps Tariffs were dumb, which will probably make Trump try and fire JPow faster.

 

[Phisher]

 

[AWilder]

https://finance.yahoo.com/news/live/stock-market-today-dow-sinks-1000-points-sp-500-nasdaq-tank-with-trumps-tariffs-powell-bashing-in-focus-133040554.html

Market Makers are not happy with a dude with more business failures than you have fingers wanting to fire Jerome Powell.
Poor JPow he almost landed the soft landing plane, but he did not realize he would have some dumb sundowning Orange Idiot, deciding to Tariff the world before he went after China.
I can not believe people actually think Trump is good at business. He is great at grifting the Rubes with Bibles, Meme Coin Rug Pulls, Camel Toe NFT's but when it comes to keeping America at the top of the heap in the Worlds Economies, Trump is terrible.

Also Dollar is sinking. #ThanksTrump

MSN

Sinking dollar has me reconsidering our overseas travel plans. We can afford it, I just don't want to pay 20-30% more than before trump.

 

[Darkavius]

There's a reason he's bankrupted his businesses as many times as he has. Trump's talent as a businessman is convincing other people that he's a good businessman when he actually isn't. As I've said ad nauseam on this forum, I wouldn't trust him to run a hotdog stand.

The funny thing in all of this is Trump wants Powell gone when Trump was the one who brought Powell in. I don't understand why he wants to lower interest rates. So people and companies can borrow more money that we won't be able to pay back adequately?

 

[sickc0d3r]

My biggest mental whiff was in 2015 I did think Trump, as a big businessman, would at least know how to hire competent people and delegate and not micromanage in areas he has no expertise because clearly a CEO of a multifaced business would have to do that to run.

I didn't vote for the guy, but I kind of thought the same thing when he was elected to his first term. I figured he must know he's in over his head, so he'd appoint some competent financial types, maybe hand out a few infrastructure contracts to buddies, and otherwise keep out of big decisions while taking credit for anything good that happens. I had no idea back then what a complete and utter fuck up he was and is. I was a babe in the woods.

 

[Satsui Ryu]

The funny thing in all of this is Trump wants Powell gone when Trump was the one who brought Powell in. I don't understand why he wants to lower interest rates. So people and companies can borrow more money that we won't be able to pay back adequately?

It's pretty much common knowledge at this point that going against Trump is reason enough to get shitcanned... regardless if the person is right or wrong.

About lowering interest rates I am thinking the motivation there is two fold. One is it a quick way to boost the economy by making it easier for investment to occur. The other reason is a lot of US debt is owned outside of the US and apparently one way countries like Japan and China are going to retaliate against the tariffs is to sell of their US debt holdings. This would seriously decrease the value of US debt. Since there is an inverse relationship between the value of debt and interest rates, this could make our debt much more expensive. This is especially bad when Trump plans to significantly increase debt with his tax cuts.