Surely US ports are going to become completely clogged? The boats would have set off from China around 30 days ago, when tariffs were "normal" but now they are going to be at over 100%, I can't see people deciding to take the goods....
The companies would have already agreed a price for the products before this madness. Going forward, a lot of dock workers will be having a lot less work to do which will lead to job losses. I don't think the word disaster does this justice.
You might have agreed the price, but the tariffs is paid by the importer (in almost all cases when it's wholesale) when the product arrives at port. This will cause madness.
The point I'm making is specifically that the price businesses thought they were going to pay for the products, actually is not the price they end up paying... This is going to cause a huge problem at ports, I am sure of it
As @bobmunro has mentioned above, goods in transit have exemptions applied. Specifically if they were loaded for transit on or before 5th April and importers have until May 27th to use the exemption code (9903.01.28).
But but but Trump said yesterday that they had already taken in Billions......Billions (yes, he said it twice) in revenue since he started this mad experiment last week.
Surely he's not fibbing is he ??
I’m sure the American public would love to hear how these billions can be used immediately to enrich their lives. Perhaps though, like Michael Gove’s infamous £350m a week to the NHS claim it is, and remains, total bollocks!
Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies.
Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies.
Absolutely ridiculous and all so very obvious.
The art of rigging the markets. Thankfully Trump is above the law.
Bear in mind the 10% base tariff on all countries apart from Russia remains in place. It's only the higher tariffs that are being paused. I can see markets bumping up tomorrow, but expect a spike then a partial fall back over the day.
Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies.
Absolutely ridiculous and all so very obvious.
I wouldn't bet against Trump being the richest man on the planet by the time he leaves office.
Bear in mind the 10% base tariff on all countries apart from Russia remains in place. It's only the higher tariffs that are being paused. I can see markets bumping up tomorrow, but expect a spike then a partial fall back over the day.
The whole thing is completely ludicrous - there is no plan at all. He's just an attention seeking buffoon.
Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies.
Absolutely ridiculous and all so very obvious.
I wouldn't bet against Trump being the richest man on the planet by the time he leaves office.
I suspect he'll leave office by virtue of impersonating a Norwegian blue
Bear in mind the 10% base tariff on all countries apart from Russia remains in place. It's only the higher tariffs that are being paused. I can see markets bumping up tomorrow, but expect a spike then a partial fall back over the day.
Not China though - he's hiked that to 125% effective immediately.
Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies.
Absolutely ridiculous and all so very obvious.
I wouldn't bet against Trump being the richest man on the planet by the time he leaves office.
I suspect he'll leave office by virtue of impersonating a Norwegian blue
Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies.
Absolutely ridiculous and all so very obvious.
I wouldn't bet against Trump being the richest man on the planet by the time he leaves office.
I suspect he'll leave office by virtue of impersonating a Norwegian blue
Sad.
I didnt say i wish for it, it's just that as the consequences of his administrations actions start to become apparent to his supporter base, and are not what they thought, he'll have a good number of gun toting dimwits turning against him.
Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies.
Absolutely ridiculous and all so very obvious.
I wouldn't bet against Trump being the richest man on the planet by the time he leaves office.
I suspect he'll leave office by virtue of impersonating a Norwegian blue
Sad.
I didnt say i wish for it, it's just that as the consequences of his administrations actions start to become apparent to his supporter base, and are not what they thought, he'll have a good number of gun toting dimwits turning against him.
Please don't sweat it. It really wasn't any sort of barb at you or your sentiments.
Bear in mind the 10% base tariff on all countries apart from Russia remains in place. It's only the higher tariffs that are being paused. I can see markets bumping up tomorrow, but expect a spike then a partial fall back over the day.
Not China though - he's hiked that to 125% effective immediately.
I can see China pausing all exports to the US.
I'm not sure why China might do that. Isn't that sort of what Trump says he wants so companies produce in US not overseas. You mustn't forget that China isn't actually paying 1 cent of the increased tariffs. It is to be paid for by the importer ie US importer, brands, retailer and consumer. The plan, such as it is, is that importers will source less from China etc and source from US base.
Bear in mind the 10% base tariff on all countries apart from Russia remains in place. It's only the higher tariffs that are being paused. I can see markets bumping up tomorrow, but expect a spike then a partial fall back over the day.
Not China though - he's hiked that to 125% effective immediately.
I can see China pausing all exports to the US.
I'm not sure why China might do that. Isn't that sort of what Trump says he wants so companies produce in US not overseas. You mustn't forget that China isn't actually paying 1 cent of the increased tariffs. It is to be paid for by the importer ie US importer, brands, retailer and consumer. The plan, such as it is, is that importers will source less from China etc and source from US base.
Just need to build the manufacturing facilities and find the labour force ...
Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies.
Absolutely ridiculous and all so very obvious.
The art of rigging the markets. Thankfully Trump is above the law.
Wouldn't surprise me that some of his past misdemeanors were on purpose so he could try out the court system. Found out that he couldn't be prosecuted for anything he did as President so dreamt up this plan.
Just a shame the FBI/CIA werent playing ball the day "Oswald" took a pot shot at him.
Trump is only 4 months in, he's already crashed stock markets, cosied up to Russia, threatened to invade Canada and Greenland and now is having an all out trade war with China. Wonder what he'll do tomorrow
Trump is only 4 months in, he's already crashed stock markets, cosied up to Russia, threatened to invade Canada and Greenland and now is having an all out trade war with China. Wonder what he'll do tomorrow
Trump is only 4 months in, he's already crashed stock markets, cosied up to Russia, threatened to invade Canada and Greenland and now is having an all out trade war with China. Wonder what he'll do tomorrow
Well he’s got 70 world leaders lining up to “kiss his ass” apparently. What a guy.
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Absolutely ridiculous and all so very obvious.
Trump n dump schemes in play every other day it seems at the moment. Still expecting it to get worse over the next few months.
Where are goods in Trump shop made?
I didnt say i wish for it, it's just that as the consequences of his administrations actions start to become apparent to his supporter base, and are not what they thought, he'll have a good number of gun toting dimwits turning against him.
Just a shame the FBI/CIA werent playing ball the day "Oswald" took a pot shot at him.
S&P 500 + 346. Or up 6.9%
It's removing it from its supply chains and I would imagine many 'negotiations' with Europe will include restrictions on trading with China.
The cost will be increased prices and/or less consumption for USA citizens, which Trump will say is a small price to pay to MAGA.