It's all about revenge for percieved slights for him. He's a vengeful, petty idiot who is happy to cut off his country's nose to spite his face. I hope it ends soon and suddenly.
He seems to be that a trade deficit with a country is them being raped and pillaged but surely that's what trade is about. If America needs coffee it has to buy from abroad but that doesn't mean the othet country has to buy from them if they have nothing that they want.
You have just shown yourself to be more economically competent than 100% of trump supporters
Trump threatens China with further tariffs published at 16:3316:33Breaking
US
President Donald Trump says he will impose additional tariffs on China,
from tomorrow, if Beijing does not withdraw its 34% retaliatory tariffs
on the US.
The additional tariffs on Beijing would be of 50%, Trump says.
As
a reminder, China announced on Friday that it would be imposing such
tariffs on Washington after the White House said that from 9 April it'd
put 34% levies on all goods from Beijing.
Trump threatens China with further tariffs published at 16:3316:33Breaking
US
President Donald Trump says he will impose additional tariffs on China,
from tomorrow, if Beijing does not withdraw its 34% retaliatory tariffs
on the US.
The additional tariffs on Beijing would be of 50%, Trump says.
As
a reminder, China announced on Friday that it would be imposing such
tariffs on Washington after the White House said that from 9 April it'd
put 34% levies on all goods from Beijing.
He obviously is an imbecile. I'm not sure how he expected China to respond to his brilliant strategy?
Hard to believe that somebody so breathtakingly stupid has such power....
Trump threatens China with further tariffs published at 16:3316:33Breaking
US
President Donald Trump says he will impose additional tariffs on China,
from tomorrow, if Beijing does not withdraw its 34% retaliatory tariffs
on the US.
The additional tariffs on Beijing would be of 50%, Trump says.
As
a reminder, China announced on Friday that it would be imposing such
tariffs on Washington after the White House said that from 9 April it'd
put 34% levies on all goods from Beijing.
I’m pretty sure the voters that elected him didn’t see what was coming. Not a chance in hell someone doesn’t put a stop to his antics before long. he is making Liz Truss look like an economic guru !!!
I'm now buying the dip, or throwing more money after good, depending on your opinion!
Yes I've done the same and based on the last 3 hours was a shrewd move. But having chosen to sit tight this time after not doing so previously and regretting it, I hope the markets fully recover in the next few months. My portfolios have been badly hammered, despite withdrawing 30% some months ago and vastly withdrawing from the S&P.
Billionaire hedge fund manager Bill Ackman — a vocal supporter of Donald Trump — has urged the president to pause his sweeping new tariffs, warning they could economically devastate America if implemented, as planned, on Wednesday.
Ackman, the CEO of Pershing Square Capital Management, claimed that while the country is “100% behind” Trump’s mission to fix the global tariff system, he is currently “losing the confidence of business leaders around the globe.”
Trump should announce a 90-day timeout to negotiate new deals, Ackman suggested. Without that pause, he warned, the U.S. will launch an “economic nuclear war” that may cause business investment in America to “grind to a halt,” markets to crash and workers across all sectors to lose their jobs.
“The consequences for our country and the millions of our citizens who have supported the president — in particular low-income consumers who are already under a huge amount of economic stress — are going to be severely negative,” Ackman said. “This is not what we voted for.”
“The president has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system,” Ackman concluded. “Alternatively, we are heading for a self-induced economic nuclear winter. May cooler heads prevail.”
The biggest problem in the USA is Trump - he's surrounded by sycophants who won't challenge him. Trump has made it pretty clear he's not bothered if the markets tank and chaos ensues across the globe.
Trump is either tanking the market on purpose or genuinely believes his economic vision will benefit the States.
I can't see how any 'sensible' business leader or economist can support this disastrous policy.
There's a third option, which is far worse!
He's doing it because he loves the attention and the power. Note his response to China setting tariffs at 34%. One can extrapolate this to any major trading partner. His people are suggesting that 50 countries have requested meetings. I mean the guy is now claiming credit for a 15% drop in oil prices FFS! A price drop of that magnitude is a sure sign of reducing demand and a forthcoming recession!
One wonders how this will feed into both US economy and RoW, especially UK & Europe? Fortunately our interest rates are way too high at present so there's ample opportunity for the BoE to do the right thing. A 50 basis point cut wouldn't be a surprise.
Overall the US is about 15% of our imports/exports so won't have a massive effect in that respect (unless you're in the car industry where there are 25% tariffs). But the real problem is that this turbulence affects the investment environment as well as fund values and that hurts both individuals as well as big corporates.
Long term some suggest that things may pick up by Q3 but who knows what happens this month?! Can understand people buying the dip but very hard to say where/when the bottom is.
Trump threatens China with further tariffs published at 16:3316:33Breaking
US
President Donald Trump says he will impose additional tariffs on China,
from tomorrow, if Beijing does not withdraw its 34% retaliatory tariffs
on the US.
The additional tariffs on Beijing would be of 50%, Trump says.
As
a reminder, China announced on Friday that it would be imposing such
tariffs on Washington after the White House said that from 9 April it'd
put 34% levies on all goods from Beijing.
I’m pretty sure the voters that elected him didn’t see what was coming. Not a chance in hell someone doesn’t put a stop to his antics before long. he is making Liz Truss look like an economic guru !!!
Congress has given up its power in the US so I'm unclear how he will be stopped? The checks and balances in the US have slowly been dismantled hence why he is free to act like an authoritarian leader.
His behaviour can hardly come as a huge shock to those around him. There is no coherent opposition in the US - business leaders are not present a united front.
Have a few thousand in a vanguard index fund that has dropped about £250. This is savings for my wedding in August so need the money short term, worth cutting my losses and taking it out?
Have a few thousand in a vanguard index fund that has dropped about £250. This is savings for my wedding in August so need the money short term, worth cutting my losses and taking it out?
If you need funds in that time frame and what you have us sufficient, I'd play safe and take it out. At least you're sure you can pay for the important stuff. And £250 on a few thousand doesn't sound too disastrous, as long a few is not a couple.
Have a few thousand in a vanguard index fund that has dropped about £250. This is savings for my wedding in August so need the money short term, worth cutting my losses and taking it out?
Blimey that's a bit drastic. By all means call off the wedding. But taking her out is a bit extreme.
Trump threatens China with further tariffs published at 16:3316:33Breaking
US
President Donald Trump says he will impose additional tariffs on China,
from tomorrow, if Beijing does not withdraw its 34% retaliatory tariffs
on the US.
The additional tariffs on Beijing would be of 50%, Trump says.
As
a reminder, China announced on Friday that it would be imposing such
tariffs on Washington after the White House said that from 9 April it'd
put 34% levies on all goods from Beijing.
I’m pretty sure the voters that elected him didn’t see what was coming. Not a chance in hell someone doesn’t put a stop to his antics before long. he is making Liz Truss look like an economic guru !!!
For some reason, a really good book I read a few years ago came to mind today…
Trump threatens China with further tariffs published at 16:3316:33Breaking
US
President Donald Trump says he will impose additional tariffs on China,
from tomorrow, if Beijing does not withdraw its 34% retaliatory tariffs
on the US.
The additional tariffs on Beijing would be of 50%, Trump says.
As
a reminder, China announced on Friday that it would be imposing such
tariffs on Washington after the White House said that from 9 April it'd
put 34% levies on all goods from Beijing.
Isn't 34% a reduction to the percentage on Trump's chart? Why is he increasing the tariff if they're reducing theirs'?
Trump threatens China with further tariffs published at 16:3316:33Breaking
US
President Donald Trump says he will impose additional tariffs on China,
from tomorrow, if Beijing does not withdraw its 34% retaliatory tariffs
on the US.
The additional tariffs on Beijing would be of 50%, Trump says.
As
a reminder, China announced on Friday that it would be imposing such
tariffs on Washington after the White House said that from 9 April it'd
put 34% levies on all goods from Beijing.
Isn't 34% a reduction to the percentage on Trump's chart? Why is he increasing the tariff if they're reducing theirs'?
It will be interesting to see if the tariffs are still in place in six months time and how global businesses are affected along with prices and inflation. It's really just panic and uncertainty at present.
It does seem to be a massive upheaval with potentially a huge number of losers.
Interesting to see if Trump can carry his support with him. If he keeps spouting positive messages I assume that will be enough.
I can't see this lasting for 6 months, we'll be well into another global recession. If countries don't take him up on a trade deal, Heard and McDonald islands certainly won't be attending any meetings, hopefully he should start reversing the tariffs.
He could run over his fanatic's cats and burn their homes down and it won't change their love for him, but I wonder if the average Joe is now regretting their vote.
Does the average Joe even really understand or follow this stuff?
A big reason why he gets votes is because his campaigns tend to focus on topics ‘closer to home’ that make easy reading headlines. And his supporters will back him 100% for those things, whilst he goes and carries out nonsense decisions like this that directly impact them.
It will be interesting to see if the tariffs are still in place in six months time and how global businesses are affected along with prices and inflation. It's really just panic and uncertainty at present.
It does seem to be a massive upheaval with potentially a huge number of losers.
Interesting to see if Trump can carry his support with him. If he keeps spouting positive messages I assume that will be enough.
I can't see this lasting for 6 months, we'll be well into another global recession. If countries don't take him up on a trade deal, Heard and McDonald islands certainly won't be attending any meetings, hopefully he should start reversing the tariffs.
He could run over his fanatic's cats and burn their homes down and it won't change their love for him, but I wonder if the average Joe is now regretting their vote.
Does the average Joe even really understand or follow this stuff?
A big reason why he gets votes is because his campaigns tend to focus on topics ‘closer to home’ that make easy reading headlines. And his supporters will back him 100% for those things, whilst he goes and carries out nonsense decisions like this that directly impact them.
This is going to have a significant impact of pretty much every American household. From the cost of everything that’s imported from their coffee to fruit to iPhones to cars and clothes (including Donald’s favourite red baseball caps). They’ll also be looking at their 401Ks and wondering what the hell their President is doing to them.
Some might believe that this is all a clever plan to get rid of Soros, Gates and the WEF cabal, but a growing number are seeing their pensions shredded and anticipating growing household costs which is the opposite of what they were expecting from Trump.
I’m assuming the outcome will be some individual country negotiations so he can claim success and then a quick ish succession of other nations (even if the numbers don’t stand up to any scrutiny).
As long as he can strike some sort of deal with China…
Nasdaq finished in positive territory & the S&P500 only down 0.23% after being in positive territory for part of the day.
Not saying that the end of it all but nay sayers & doom mongers were predicting a blood bath today.
I'm hoping the FTSE100 to be in positive territory tomorrow.
Need to see how this pans out before making any judgements. The long term impact is impossible to predict.
It's just guesswork at present and some panic seems inevitable.
It seems like the late-afternoon rally followed the rumours that Trump is going to pause the imposition of tariffs. Any suggested pause was later denied by the White House.
It's a terrible situation to be in: stock markets around the world rallying purely on the strength of a rumour that there's a possibility that the President will stop being mad for a few weeks.
Nasdaq finished in positive territory & the S&P500 only down 0.23% after being in positive territory for part of the day.
Not saying that the end of it all but nay sayers & doom mongers were predicting a blood bath today.
I'm hoping the FTSE100 to be in positive territory tomorrow.
The big development tomorrow will be China's response to the threat, and from the noises tonight it would seem that they are not for being bullied. If (big if) Trump follows through with another 50% on Chinese imports then every market will be hit badly. If he doesn't, or the Chinese indicate they are ready to negotiate then I would guess we've seen the bottom of this bear market.
Trump threatens China with further tariffs published at 16:3316:33Breaking
US
President Donald Trump says he will impose additional tariffs on China,
from tomorrow, if Beijing does not withdraw its 34% retaliatory tariffs
on the US.
The additional tariffs on Beijing would be of 50%, Trump says.
As
a reminder, China announced on Friday that it would be imposing such
tariffs on Washington after the White House said that from 9 April it'd
put 34% levies on all goods from Beijing.
I’m pretty sure the voters that elected him didn’t see what was coming. Not a chance in hell someone doesn’t put a stop to his antics before long. he is making Liz Truss look like an economic guru !!!
For some reason, a really good book I read a few years ago came to mind today…
That's a good invest opportunity, sure copies will be flying off the shelves.
There were murmurings yesterday that he was planning on reducing tariffs for everyone except China. This was swiftly denied by the White house. Stinks to me that this was his plan all along. It just got leaked a couple of days earlier than he wanted/ wants it to happen. Just to give him and his cronies enough time to fully short the market.
Have a few thousand in a vanguard index fund that has dropped about £250. This is savings for my wedding in August so need the money short term, worth cutting my losses and taking it out?
Leave it in there and prey for more losses. You may just dodge a bullet.
Is there not a possibility that most countries just sort out trade deals and agree on better rates, the stock markets recover and we just end up with the US and China arguing with each other?
I ask this as someone with very little knowledge of trade wars and stock markets.
But the FTSE 100 and 250 are up today. Nikkei is up today.
Is there not a possibility that most countries just sort out trade deals and agree on better rates, the stock markets recover and we just end up with the US and China arguing with each other?
I ask this as someone with very little knowledge of trade wars and stock markets.
But the FTSE 100 and 250 are up today. Nikkei is up today.
The US and China are the two biggest economies in rhe world hence the reaction to these tariffs. As long as Trump remains in charge it's hard to see how the chaos will recede.
Sucking up to Trump to try and cut a deal seems to be the only strategy at present. How long any deal lasts is another matter given how unpredictable he is.
Comments
Trump threatening to raise tariffs on China. He really is a complete petty lunatic...
Trump threatens China with further tariffs published at 16:3316:33Breaking
US President Donald Trump says he will impose additional tariffs on China, from tomorrow, if Beijing does not withdraw its 34% retaliatory tariffs on the US.
The additional tariffs on Beijing would be of 50%, Trump says.
As a reminder, China announced on Friday that it would be imposing such tariffs on Washington after the White House said that from 9 April it'd put 34% levies on all goods from Beijing.
Hard to believe that somebody so breathtakingly stupid has such power....
he is making Liz Truss look like an economic guru !!!
But having chosen to sit tight this time after not doing so previously and regretting it, I hope the markets fully recover in the next few months.
My portfolios have been badly hammered, despite withdrawing 30% some months ago and vastly withdrawing from the S&P.
He's doing it because he loves the attention and the power. Note his response to China setting tariffs at 34%. One can extrapolate this to any major trading partner. His people are suggesting that 50 countries have requested meetings. I mean the guy is now claiming credit for a 15% drop in oil prices FFS! A price drop of that magnitude is a sure sign of reducing demand and a forthcoming recession!
One wonders how this will feed into both US economy and RoW, especially UK & Europe? Fortunately our interest rates are way too high at present so there's ample opportunity for the BoE to do the right thing. A 50 basis point cut wouldn't be a surprise.
Overall the US is about 15% of our imports/exports so won't have a massive effect in that respect (unless you're in the car industry where there are 25% tariffs). But the real problem is that this turbulence affects the investment environment as well as fund values and that hurts both individuals as well as big corporates.
Long term some suggest that things may pick up by Q3 but who knows what happens this month?! Can understand people buying the dip but very hard to say where/when the bottom is.
he is making Liz Truss look like an economic guru !!! Congress has given up its power in the US so I'm unclear how he will be stopped? The checks and balances in the US have slowly been dismantled hence why he is free to act like an authoritarian leader.
His behaviour can hardly come as a huge shock to those around him. There is no coherent opposition in the US - business leaders are not present a united front.
He behaves like a petulant toddler...
he is making Liz Truss look like an economic guru !!!
😉
😉 Just need to check that one...
A big reason why he gets votes is because his campaigns tend to focus on topics ‘closer to home’ that make easy reading headlines. And his supporters will back him 100% for those things, whilst he goes and carries out nonsense decisions like this that directly impact them.
Nasdaq finished in positive territory & the S&P500 only down 0.23% after being in positive territory for part of the day.
Not saying that the end of it all but nay sayers & doom mongers were predicting a blood bath today.
I'm hoping the FTSE100 to be in positive territory tomorrow.
It's just guesswork at present and some panic seems inevitable.
It's a terrible situation to be in: stock markets around the world rallying purely on the strength of a rumour that there's a possibility that the President will stop being mad for a few weeks.
The big development tomorrow will be China's response to the threat, and from the noises tonight it would seem that they are not for being bullied. If (big if) Trump follows through with another 50% on Chinese imports then every market will be hit badly. If he doesn't, or the Chinese indicate they are ready to negotiate then I would guess we've seen the bottom of this bear market.
Stinks to me that this was his plan all along. It just got leaked a couple of days earlier than he wanted/ wants it to happen.
Just to give him and his cronies enough time to fully short the market.
You may just dodge a bullet.
Is this a reaction to China's hardball tactics or are people buying the dip?
Whatever, hopefully the worst is over...for now!
I ask this as someone with very little knowledge of trade wars and stock markets.
But the FTSE 100 and 250 are up today. Nikkei is up today.
Sucking up to Trump to try and cut a deal seems to be the only strategy at present. How long any deal lasts is another matter given how unpredictable he is.