Trump announces a 90-day pause on most of his so-called “reciprocal tariffs,” but will raise the levies on China to 125 per cent.
Trump announces a 90-day pause on most of his so-called “reciprocal tariffs,” but will raise the levies on China to 125 per cent.
Oh, so a real 90-day pause, after the fake 90-day pause was leaked yesterday?
This is market manipulation.
It certainly is being used like that for those who are able. I'm convinced though that it's complete incompetence surrounded by people who don't dare say anything negative about his tactics (well, the ones who aren't enjoying it for various things like the power trip, money, etc.). My reasoning - he's not just affecting the stock market numbers, he's completely destroying things that do make the country prosperous.
When a bull storms into a china shop, you don't claim that he doesn't like a certain brand of crystal and he's just knocking them over to increase the value of the rest of the store inventory.
He posted that now is the time to buy right before the pause.
Is clearly, inarguably intentional. Unless it’s some kind of joke I’m too poor to understand?
It does certainly rhyme with what Elon doea with Tesla stock and dogecoin, but this time its with the entire economy of the US.
At the same time, it also seems like we are inching towards normalization of relations with the US, so I really hope this keeps up.