Hilarious Trump market manipulation reaches anew height

I wonder when he closed his shotrs and opened longs.....

Here's his Truth Social statement in full:
"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately.
At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.
"Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!"
We are continuing to decipher the specifics of Trump's announcement, stick with us for the latest.

Heartlander · 80-89, M

I imagine the 90 day pause would be more to help US companies and interest make an orderly disengagement from China. Dismantling production in China and moving it to the US or elsewhere would take careful planning considering that the Chinese government could at any moment step in and proclaim a right to seize control of and possession of a factory or plant and even possession of all copyright, trademark and pattern rights.

Remember, Japan’s claim for justification for declaring war against the US was over trade. In Chinas case, their their unbalanced trade to serve the US consumers is the bread and butter of Chinas economy and they can be counted on to take extreme measures to rescue something as that comes apart..

I remember when in the late 60s or early 70s when the Mexican government decided to break their contract with Hilton International for operating their hotels. Forget whatever agreement they had, the Mexican army just showed up one day in force and forced Hilton staff to leave at gunpoint. A one minute transition of management. There is a similar risk in China. The US is well beyond the United Fruit gunboat diplomacy era, so beyond yelling and screaming, what else can the U S government do if that happens?

Captain · 61-69, M

@isthisafakeprofile Do you want me to go on or are you depressed yet ? Same thing in the 80s when Japan and then Korea moved in on the market.

Briggett · T

@Captain china’s recalculation their position with the rest of world.
Just don’t default on interest payments now and in the future.